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What you would do if developers turn corrupt and force a new version with unwelcome changes? Most people see developers as some kind of robots, but cryprocurren
by FrozenVoid 9y ago
What you would do if developers turn corrupt and force a new version with unwelcome changes? Most people see developers as some kind of robots, but cryprocurrencies are often fraud schemes where developers control the market.
- darkFunction 9y agoHow exactly would developers 'force a new version' without consensus?
- FrozenVoid 9y agoWell consensus can be manufactured or ignore smaller players. e.g bitcoin seqwit hard fork was decided by large-scale mining companies. If a small cryptocoin you have most of the hashing power in some side company, you can fake it as majority of miners consensus.
- epscylonb 9y agoThe network effect makes this unlikely. You could ask what would happen if Cisco tried to force a new version of TCP/IP with unwelcome changes? The comparison isn't quite the same yet, but it could be in the future and many bitcoin supporters think that's how it will turn out.