Couple days ago, I heard something I am not sure, whether to belive.
Could you please help me.
In BTC, all things are decided by "majority of miners".
So... if majority of miners decide to "rise number of BTC", then (in theory) 21 mio is NOT "final max number of BTC" ????
Your thoughts ?
RE: Bitcoin User Arrested Over p2p Transaction! - Is No One Safe?
You are viewing a single comment's thread from:
Bitcoin User Arrested Over p2p Transaction! - Is No One Safe?
You're right:
Mathematics puts some limits that "majority of miners" cannot decide.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's a negative on that question. The miners cannot decide anything by themselves, even if they all worked together. In Bitcoin we have five constituents, of which none has full control over the system: Developers, Miners, Nodes & Wallets, Users and Retailers. They all have their own interests which partially even contradict the interests of others. That's why it is called a 'consensus network'.
Even nation states wouldn't be able to take over or take down Bitcoin anymore, because the network has grown too strong by now. Here's a link to a video I transcribed, where Andreas Antonopoulos explains why Bitcoin is so resilient against attackers:
Can Governments take over BitCoin?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit