re: Bitcoin faces biggest threat yet: a miner takeover

Then explain Tree Chain in your own words. How will Tree Chains make Bitcoin mainstream?


This is my major issue with you Josh. You never have an original thought on the matter. You quote other people.

You often say "we" do not understand the technology, yet you always fail to put it in your "own" words.

As someone who researches Bitcoin as much as you, you cannot put together a coherent statement on the topic. You confuse topics and revert to outside sources for discussion. How on earth can this be the future when years of study on Bitcoin still leaves an advanced user like yourself confused?

Step up to the plate boy.

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And what he is stating I am fully understanding and his point isn't that wrong which is why people like Peter Todd are developing ideas like Tree Chains which is what I'm trying to get across.

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How will tree chains alter the advantages of economies of scale among miners? You have not provided an explanation of how this will be accomplished, nor have you provided a link to a source that provides an explanation. Tree chains may alter how people compete to mine Bitcoins, or whatever successor takes its place, but they do not eliminate the rewards of getting there first. As long as there are economic benefits to mining there will be competition, and competitors with advantages of economies of scale will be more successful. Their success will force out competition making control of 51% of the computing power more likely.