I wrote this article on 25th of October last year, explaining how slavishly following the “longest chain with most cumulative work” is naive and dumb. Bitcoin: More than Miners At the time, BCH (then mostly BCC) proponents were vocally saying it was “Nakamoto consensus” and the way Bitcoin works (according to the Whitepaper)”. They decided to interpret the WP...
Bitcoin: More than Miners, revisited
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