In the words of Satoshi. Longest chain means nothing if it is created by malicious miners.

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From Bitcoin whitepaper

"The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers." Satoshi Nakamoto

BU has every right to fork, problem is that BU specifically Peter R is threatening to attack the bitcoin valid chain with dedicated hashing power in intentions of killing it and making it unusable by mining empty blocks and orphaning. Instead of seceding peacefully , this is a threat to overthrow in attempt to force everyone against their will onto a system he feels is better. We are not infringing on BU's right to exist or create their own fork (and yes, technically BU is a fork). But they are infringing on our rights as bitcoin users by threatening our existence. By definition such is a tyranny.

In the words of Satoshi, the longest chain is valid unless the longer chain is result of attackers.

Or at least this is the way I interpret it. Satoshi, if I am misinterpreting your words please correct me.

submitted by /u/Cannon-C
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $55639.15 USD  (via Coinbase)
1 ETH = $3958.88 USD  (via Coinbase)
1 LTC = $362.39 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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