miners

4 statements across 4 episodes · 1 bullish · 2 bearish · 4 people on the record · first statement Jan 2, 2019 by Michael Casey · across every show →

Everything said about miners, oldest first

Jan 2, 2019 bullish
Insight
Casey: Bitcoin replaces central intermediaries with community blockchain consensus
“Bitcoin is a solution to that, because it outsources that role, that intermediation of trust, to the entire community. And it finds a, you know, a fascinating, unique instrument that, you know, that is the blockchain and the consensus process through which the…”
Michael Casey Jan 2, 2019 ▶ 7:28 a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Jan 2, 2019
Assertion Partly supported
Back: Bitcoin soft forks require 95% miner consensus to activate
“These things don't activate until 95% of the miners are upgraded, so, and there's a long window of warning that the upgrade is happening, six months or so.”
Adam Back Jan 2, 2019 ▶ 3:09 a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Jan 2, 2019 negative
Opinion
Tomaino: Miner control over blockchain networks creates governance friction
“I think mining, like, miners controlling a network has proven to be pretty problematic. And so I think kind of aligning stakeholders and miners and putting them, you know, as one will be important in terms of, you know, progress in making changes to protocols …”
Nick Tomaino Jan 2, 2019 ▶ 26:26 a16z Podcast | Mental Models for Understanding Crypto Tokens
Feb 26, 2019 negative
Insight
Dayan: Ethereum storage pricing creates a tragedy of the commons
“So the fact that the miners get payment for storage when the miners actually don't need to store the whole state, and it's the full nodes that, that bear the cost. So this sort of asymmetry between who's bearing the cost, like where the externality is, and lik…”
Phil Dayan Feb 26, 2019 ▶ 37:02 a16z Podcast | Voting, Security, and Governance in Blockchains and Cryptonetworks
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