Dear bitcoin Miners:
I ask you please to defend your interests now.
Satoshi invented bitcoin based only on proof-of-work.
You have control of the computing power.
Therefore, the correct functioning and future of bitcoin depends on you.
Satoshi knew this would happen and decided to trust you because he assumed that you would always act for the benefit of your own interest.
Commissions of transactions – past, present and future – belong to you.
The developers, nodes, markets and the media do not have the control of the blockchain.
Only you can determine which is the real blockchain.
You have a great investment and a promising future.
But you have machines that only serve for this purpose.
If you do not do the right thing soon you will turn off the machines so as not to go bankrupt because of the high energy consumption and you will lose everything.
IMHO I suggest the following plan:
1. Hold meetings of miners in private (the same interests).
2. You must reach a consensus of a Mining Alliance of +75% to solve this crisis (zero-sum game).
3. Announce and consolidate that alliance in the text associated with the blocks.
4. Coordinate and compensate between you to neutralize the incorrect blockchain (hard is hard).
5. Acting forcefully, quickly and always in your own interest.
The great catastrophe is moving fast.
Please, do it now.
Sincerely,
Published at Sat, 25 Mar 2017 20:06:02 +0000
[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]
Tom W. Bell speaking at the 2014 International Students for Liberty Conference (ISFLC) in Washington, D.C.
Please attribute to Gage Skidmore if used elsewhere.
By Gage Skidmore on 2014-02-16 08:20:41
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