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If the largest miners switch to emitting larger blocks, and Coinbase starts receiving almost exclusively invalid nodes, what will they do next? What if Binance
by simiones 4y ago
If the largest miners switch to emitting larger blocks, and Coinbase starts receiving almost exclusively invalid nodes, what will they do next?
What if Binance starts accepting these blocks, and now users have some BTC balance on Binance, and another on Coinbase?
- olalonde 4y agoWe don't have to speculate, it has happened multiple times already[0]. What happens is the hard forks are either ignored or they are supported but under a different name to avoid confusion (e.g. Bitcoin Cash, Bitcoin SV, etc.). The only way I could imagine a hard fork succeeding (e.g. retain the "Bitcoin" name) is if it if it had an overwhelming community consensus, not only from miners but also from users (like Coinbase). [0] https://en.wikipedia.org/wiki/List_of_bitcoin_forks https://en.wikipedia.org/wiki/List_of_bitcoin_forks