Post
Topic
Board Bitcoin Discussion
Re: Why the Bitcoin rules can't change (reading time ~5min)
by
nevafuse
on 20/02/2013, 20:11:55 UTC
But what if all miners suddenly switch to new rules? Can they do this? Is there something that stops them? Answer: YES, EVERY NON MINING FULL NODE

Hashing power is only a piece of the large puzzle that makes up a successful fork.  Ultimately, it is about the exchange rate.  Every fork will have its own exchange rate.  Whichever has the higher value, people will migrate to.

Here's an interesting scenario.  Create a fork with no more block reward.  Given we are at about the half way mark to 21M, it should be worth double the value of the current bitcoin version.  Key word should be.  It would definitely get people's attention.