Posts from January 2016

Bitcoin's Value Derives from Users, not Miners

bitcoin voting January 05, 2016 at 10:40 AM Emin Gün Sirer
Evidently, a requirement for becoming a CEO at a Bitcoin exchange or payments company is to believe that your company has no power and works entirely at the discretion of the miners. I try once again to correct this myth.

Time for Bitcoin Users to Reclaim Their Voice

bitcoin voting blocksize January 01, 2016 at 03:40 PM Emin Gün Sirer
I make the case that Bitcoin users have just as much of a say, or more, than all the miners combined. They wield this power through exchanges, and the exchanges need to live up to their responsibilities.