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Nit, but an interesting subtle one: bitcoin-core can double the amount of bitcoin overnight. They can commit new code which does that and shows up in the next
by aboodman 9y ago
Nit, but an interesting subtle one:
bitcoin-core can double the amount of bitcoin overnight. They can commit new code which does that and shows up in the next client.
But, that would presumably be noticed: either in the oss repo, or in the blockchain itself.
So I think more accurately, it's sort of in between a fiat currency and a commodity. It's a fiat currency whose operation is completely transparent.
- CrystalLangUser 9y agoWell, they could but the entire community can just fork. Miners are under no obligation to stick with a crazy change like that. The core developers would only shoot themselves in the foot and make themselves never to be trusted again. And with Bitcoin Cash gaining in popularity, a fork is not an impossibility. In fact, BCH is popular because it's actually usable unlike BTC at the moment (extremely high fees, slow confirmation times).