5 ms·
What would happen if all the miners got together and demanded a code change that benefited miners, like perhaps increase the mining reward? Assuming the devs di
by mef 14y ago
What would happen if all the miners got together and demanded a code change that benefited miners, like perhaps increase the mining reward? Assuming the devs disagreed with the change, would the BTC community have any way to prevent this alliance of miners from updating the code themselves, deploying it everywhere, and using their overwhelming mining power to maintain the longest block chain and thereby making the code change a reality?
- snitko 14y agoHow would miners demand? They can't say "do it or we'll stop mining", there will be plenty of competition out there willing to take their job. As for deploying the code themselves - it's not like you can deploy it and force people to use it, every individual user decides which client or version of a client to use voluntarily. They would have to convince people to switch to their fork.
- DavidSJ 14y agoHaving the longest block chain doesn't matter if the transactions in your block chain violate the validation rules of the people doing business.