RE: Clearing up some common misconceptions about Bitcoin...

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Clearing up some common misconceptions about Bitcoin...

in bitcoin •  4 years ago 

There is a lot of people who have no faith left for the development team of Bitcoin. So far there has been quite a few minor changes, but not big enough to satisfy the critics...

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  ·  4 years ago  ·  

That's a good thing. People don't want their store of value to be changing the rules on them. A lack of bitcoin development is a feature as opposed to a bug in terms of it working as a store of value.

  ·  4 years ago  ·  

Slow development is feature on my coin, but Bitcoin is completely different story...

  ·  4 years ago  ·  

How is a feature on your coin?

  ·  4 years ago  ·  

Mining pools want stable daemon, because every time the daemon(s) crash or stall, the pool operator loses the pool's share of block reward... If the pool misses a lot of potential blocks, users eventually switch to another pool or mining another coin.

  ·  4 years ago  ·  

Ok, but that is only one aspect or use case of it.

  ·  4 years ago  ·  

True... But as someone who started as a mining pool software developer, it's what I know best... It's true I also work on GUI and command-line wallets, but mining pools use neither as they use wallet daemon which is separate executable, but sometimes shares same backend code.

  ·  4 years ago  ·  

Interesting. I see.