2 ms·
I don't think there is a problem with the way bitcoin works. The majority of miners, i.e. the people who actually have invested the money to run the network, de
by the_rosentotter 11y ago
I don't think there is a problem with the way bitcoin works. The majority of miners, i.e. the people who actually have invested the money to run the network, decide what software to run, and therefore what bitcoin is.
Bitcoin depends entirely on the self-interest of the involved parties to not destroy the system they have invested so much in. That's how much of the real world works too.
- TD-Linux 11y agoNo, the miners don't decide what Bitcoin is. If a miner produces an invalid block, other Bitcoin nodes will reject it. It's true that the recent hard fork proposals have keyed off miner voting, but they wouldn't have to - they could just activate at a certain time, block height, strawpoll vote API, or whatever.