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The Bitcoin network is not controlled by the miners. This was proven a few years ago when the CEOs of the largest miners and the largest exchanges all tried to
by lowkey 5y ago
The Bitcoin network is not controlled by the miners. This was proven a few years ago when the CEOs of the largest miners and the largest exchanges all tried to increase the blocksize. They were thwarted by individual users who run nodes on the network. Those running nodes are the ones who broadcast valid transactions. If any or many of the miners decided to unilaterally change any parameter of the Bitcon blockchain, their blocks would be considered invalid by the network and would not propagate.
They would be considered counterfeit and ignored by all Bitcoin clients and nodes. Case studies include BCH and BSV.
If you are genuinely curious about the mechanics do some research to understand why no miner in the past 12 years has successfully modified any parameter of the Bitcoin network.