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This is not true. People who run full nodes (as a group) have just as much power as miners. If they all run a hard-forked client, then the miners will be happ
by jnbiche 11y ago
This is not true. People who run full nodes (as a group) have just as much power as miners. If they all run a hard-forked client, then the miners will be happily mining away on their (worthless) chain.
- ars 11y agoThat just isn't true. The miners are the one that decide which chain is "real" and which isn't. The frontend has code to verify the decision of the miner, and it has no ability to change anything.
- reddytowns 11y ago>The frontend has code to verify the decision of the miner, and it has no ability to change anything. But, if all the users agree to use frontend code that rejects the decision of the miners that refuse to play along, then the chain the miners are working on is effectively dead.
- dragonwriter 11y agoThe miners are users, so all users won't agree to anything adverse to that set of miners.
- reddytowns 11y ago>The miners are users, so all users won't agree to anything adverse to that set of miners. The miners aren't trading any goods or services for their bitcoin. If merchants and other major players in the bitcoin ecomony go along with the hard fork, the previous chain is dead.
- s_baby 11y agoHow are the miners going to get users to switch over to their frontend? How are miners going to get companies like bitpay and coinbase to switch to their fork? It's up to the users to decide the value of the coins in each fork.