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You need to follow through your logic... > if there's a reasonable valid reason Who says it's a valid reason? Who says the reason is what they say it is? Who

You need to follow through your logic... > if there's a reasonable valid reason Who says it's a valid reason? Who says the reason is what they say it is? Who decides the best fix would be to censor a transaction? What if FakeBlockchainCorp decides to target you, then says there was a bug with these transactions, everyone agrees... Where's your bitcoin?

smsm42 4y ago
> Who says the reason is what they say it is? I think I answered this question above - the majority of miners. If you succeed in convincing the majority of miners, then it will be valid. That's what "decentralized" means - it doesn't mean nobody is in control. It means the control is not concentrated in one place - it is spread between miners. > then says there was a bug with these transactions, everyone agrees If everyone agrees, then you've lost. It's not a magic woodoo to make you the invincible king of the world, it's just a way to make control more distributed, nothing more. If the FakeBlockchainCorp succeeds in convincing the majority of bitcoin miners that your bitcoin should be taken from you - it will be taken from you.