Crypto 360°

“One thing that has changed — tt wasn’t a recent change, but it was pretty much in 2015 — I used to think big blocks were good, and that we should upgrade and just do a fork and make the blocks bigger. But then I learned very rapidly that that’s not how it works. Bitcoin is based on consensus rules, and everyone has to respect those consensus rules or else: it’s just meaningless if anyone can just change it.

It’s very pointless to spend all that energy to mine Bitcoin and have this decentralized network if people can just say, “Okay, we’re gonna make more coins or make the block size bigger” — because that’s just fiat“

https://blog.coinmarketcap.com/2020/07/09/blockstream-cso-samson-mow-ive-been-bullish-on-bitcoin-since-day-one

It’s important to respect consensus. That is, when I agree with the consensus.

submitted by /u/gucciman666
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source https://www.reddit.com/r/btc/comments/hp63m6/samson_mow_on_why_he_stopped_being_a_big_blocker/