Engineering Security Through Coordination Problems
Recently, there was a small spat between the Core and Unlimited factions of the Bitcoin community, a spat which represents perhaps the fiftieth time the same theme was debated, but which is nonetheless interesting because of how it highlights a very subtle philosophical point about how blockchains work. ViaBTC, a mining pool that favors Unlimited, tweeted "hashpower is law", a usual talking point for the Unlimited side, which believes that miners have, and should have, a very large role in the governance of Bitcoin, the usual argument for this being