Do Bitcoin Miners Control Bitcoin?
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In this video, I discuss whether Bitcoin miners (mining pools) control Bitcoin and its consensus rules. I conclude that they do not, and that Bitcoin node runners are the soul of the network, and have the ability to bring Bitcoin mining pools back into line by threatening to orphan blocks.
Not investment advice! Consult a financial advisor.
Foundry mines 8 blocks in a row:
https://mempool.space/block/0000000000000000000028c993d01edc26918e1cc2befec98c3cb8e3a39146be
Bitcoin mining pool centralization:
https://mempool.space/mining
How To Mine Bitcoin At Home:
https://www.youtube.com/watch?v=MwuK8aHncBA
The Segwit2x Boycott: Bitcoin's UASF Isn't Backing Down From August Deadline:
https://www.coindesk.com/markets/2017/07/14/the-segwit2x-boycott-bitcoins-uasf-isnt-backing-down-from-august-deadline
SegWit2x:
https://en.bitcoin.it/wiki/SegWit2x
Reduced Data Temporary Softfork:
https://github.com/bitcoin/bips/pull/2017
Ocean:
https://ocean.xyz/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#bitcoinmining
#nodes
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. Receive SMS online on sms24.me
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