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0 sats \ 1 reply \ @Pepperoni OP 14 Nov 2023 \ parent \ on: ELI5: Hard Forks and 51% Attacks bitcoin
Thanks for the response. I understand that. My question is in regards to how consensus is made on a program change. Is it by nodes or people?
Using your example, Larry wants to change the 21M cap with a hard fork. If he has 51% of nodes and upgrades the program on these nodes, what's to prevent it from happening? I heard that forks were resistant to centralization because this is not how it works and wanted clarity on what unit is being counted in the 51%.
If Larry has 51% of Nodes and wants to change de 21M hardcap he is free to do so, the other 49% of nodes will remain on the original network with the 21M cap, the miners will remain on the original network. He would be completely alone on his own network with a unique blockchain (the correct term is timechain) completely separated from the original one, with no miners or users transacting.
Even if somehow 80% of nodes/miners decide to increase the 21M and hardfork, i would just ignore and remain on the original network with the rest of the 20%. Fuck them.
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