On Thu, Dec 17, 2015 at 04:58:02PM +0000, Tier Nolan via bitcoin-dev wrote: > This is really the most important question. > > Bitcoin is kind of like a republic where there is separation of powers > between various groups. > > The power blocs in the process include > > - Core Devs > - Miners > - Exchanges > - Merchants > - Customers > > Complete agreement is not required for a change. If merchants and their > customers were to switch to different software, then there is little any of > the other groups could do.
If Bitcoin remains decentralized, miners have veto power over any blocksize increases. You can always soft-fork in a blocksize reduction in a decentralized blockchain that actually works. -- 'peter'[:-1]@petertodd.org 000000000000000001bd68962863e6fa34e9776df361d4926912f52fc5f4b618
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