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The nodes control the network. The nodes decide what happens or does not happen in the bitcoin network. Bitcoin holders have no say in this. Bitcoin miners hav
by Sammi 5y ago
The nodes control the network. The nodes decide what happens or does not happen in the bitcoin network.
Bitcoin holders have no say in this.
Bitcoin miners have no say in this.
This has been thoroughly proven in the bitcoin block size wars. The miners where in favor of an increase, but this meant nothing as the nodes where not, and a change in the protocol requires the nodes to adopt it.
- deleted 5y ago[deleted]
- ur-whale 5y ago>Bitcoin holders have no say in this. Not entirely true. If holders decide to sell massively and buy into a fork they perceive as "a better bitcoin", this surely has influence. Because of network effect and inertia, the bar is very high for a contentious fork to take over, but if push comes to shove, holders selling massively to buy into the contentious fork does carry some weight. Also, spinning up a ton and a half of "nodes" on some random cloud isn't that expensive these days (in terms of what you can gain in gaining the system), yet no one has done it so far.