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Ha! Look up "user activated soft fork" or "UASF". Ultimately, Bitcoin is backed by node operators and widespread social consensus. Thinking China can just spli

Ha! Look up "user activated soft fork" or "UASF". Ultimately, Bitcoin is backed by node operators and widespread social consensus. Thinking China can just split and control the network is a pretty serious misunderstanding of the power dynamic in this system.. one we all had demonstrated at the conclusion of the block size wars.

hudon 6y ago
> Bitcoin is backed by node operators and widespread social consensus Satoshi wanted it to be backed by Proof of Work, but now you’re saying Bitcoin is backed by social consensus... just like the US Dollar I guess?
- jude- 6y ago
  Who cares what Satoshi wanted? He/she/they do not control the system.
  - mujina93 6y ago
    Yes, actually. His/her/their wallet has the majority of bitcoins. If they were to move them, everything would crash.
    - jude- 6y ago
      If a majority of miners wanted, they could block those BTC from moving.
    - mhluongo 6y ago
      Please stop spreading misinformation, Satoshi has 1M of a total 21M supply, if he/she/they are still alive and have access to their keys.
- hackinthebochs 6y ago
  Proof of work is just the mechanism to determine social consensus.
- mhluongo 6y ago
  Of course it's backed by social consensus. Money is a social construct, not sure why you're trying to move the goalposts