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Anyone who runs a full node can decide any set of rules they want to follow. You can incentivize miners to mine on your fork by providing block rewards. If you
by Taek 5y ago
Anyone who runs a full node can decide any set of rules they want to follow. You can incentivize miners to mine on your fork by providing block rewards. If you pay people to do something, at least some of them will.
The ETC fork would have been successful at any non-zero support level from people with the ability to mine. And since any CPU can mine (just inefficiently), any fork can get a mining baseline. That may not give you a ton of security but it works.
People who run full nodes are the ones that decide hard forks.
- silasdavis 5y agoThanks for responding. So you are saying full nodes are the users? They can provide connectivity but full nodes that don't mine can't continue a fork (where fork is any fork including the original) without there being people willing to mine that fork. So that's why I think miners have the ability to fork. > The ETC fork would have been successful at any non-zero support level from people with the ability to mine. It would be economically irrational for people to send transactions to a fork with a single miner since that miner could unilaterally rewrite any transactions as they see fit. This is why I think miners have the ability to control forking.
- xorcist 5y agoForking a coin is free. Anyone can fork any coin at any time. Most miners will mine whatever makes money, but some may mine for a possible future payout or altruistic reasons. A fork is generally considered successful if it carries economic value. That is decided by the amount of users transacting in the currency. Working exchanges are a requirement for this, but not enough (as has been experimentally demonstrated).