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The interesting thing here is that Bitcoin isn't set in stone to forever exist exactly as it does today — it depends on the majority of miners not modifying the
by davidjohnstone 13y ago
The interesting thing here is that Bitcoin isn't set in stone to forever exist exactly as it does today — it depends on the majority of miners not modifying the protocol. I'm talking about what's essentially a 51% attack, but rather than it being performed by a malicious party, what if a technical/political decision with very strong opinions on both sides had to be made? It would be like a democracy where those with the most computing power win.
- Andrew_Quentin 13y agoOr most money, or depending when it happens, most guns. I suppose you could try and reach a consensus when possible, rather than have a majority dictatorship. I wouldn't see any real opposition to changing the protocol to allow mining of lost coins for example if some precise and correct definition of a lost coin could be specified.