Author: Christophe Biocca 2014-04-27 01:42:55
Published on: 2014-04-27T01:42:55+00:00
The discussion on the Bitcoin-development mailing list addresses the importance of strong group consensus in protecting one's money from confiscation, rather than just relying on proof of work. The conversation centers around a potential change to the rules for interpreting data in the blockchain. While some argue that this change would be sensible engineering and not violate the social contract, others caution that it could have unintended consequences for UTXOs. Additionally, there is debate about whether such a change would be more akin to semantics or fundamentally altering the meaning of an existing block. Ultimately, the participants agree that the security of Bitcoin is based on a social rule rather than a mathematical one, and maintaining a neutral stance towards all validated blocks is critical.
Updated on: 2023-06-08T20:44:08.341356+00:00