You get 50%+1 then you can make whatever rules you want....so.....its up to you.
False. Having +1 over 50% does not grant you title like that. This is a common misconception. Rather, the more of the hashing power one controls, the more likely it is that he/she can fork the blockchain and alter things. It's a gradient with a focal point at the 50% mark... but the 50% mark is not a guarantee of takeover.