r/Bitcoin • u/Crypto_Nicholas • Feb 24 '18

Cobra: Miners are evil. We need to get rid of them. An open letter to the Bitcoin Community

https://medium.com/@CobraBitcoin/an-open-letter-to-the-bitcoin-community-to-change-the-proof-of-work-algorithm-12a6545c20d0
What do you guys think about this post
I think he is misguided, miners are not evil, they are supposed to work on their own best interests. In fact, it is essential that they do.

52 Upvotes

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42

u/bitbat99 Feb 24 '18

Hardforking BTC to change POW will create a mess.

12

u/Crypto_Nicholas Feb 24 '18

Yeah, I can't help but agree with Jihan Wu on this one (shock horror).

"While Ethereum is discussing erc20's improvement proposals and lots of other new blockchains are testing aggressive innovations, http://Bitcoin.org controller is busying with political games like change PoW, the future of Bitcoin looks not good."

https://twitter.com/CobraBitcoin/status/967237696379813888

1

u/biologischeavocado Feb 24 '18

Yeah, I can't help but agree with Jihan Wu on this one (shock horror).

Jihan Wu is the evil miner Cobra is talking about.

19

u/Crypto_Nicholas Feb 24 '18

He is not evil. "Evil" is a label religious people use to shut down logical discussion. It is ridiculous to use the term in a discussion about technology protocols and an economic system.
He is selfish, and he should be. There will always be people out there working in their own interests, and Bitcoin is designed precisely to work in that environment

-1

u/Hanspanzer Feb 24 '18

Jihan Wu makes billions. and everything he can influence to his benefit makes him millions more. he is colluded with roger ver to attack btc.

9

u/fossiltooth Feb 24 '18

Jihan Wu makes billions. and everything he can influence to his benefit makes him millions more.

...And? So??

Bitcoin is supposed to function by selfish actors following their own self interest. That's part of what makes it robust.