Re:Fiat vs. Bitcoin
by mg74 on Sunday October 29, 2017 @08:13AM
(#15579014)
How would the users blacklist the miners using the newer inflationary protocol? Is it even possible? By design, the longest blockchain wins, and that would be the one with the inflation if the majority of miners agreed.
[ Parent
| on HN ]
> By design, the longest blockchain wins
The longest blockchain which follows the rules. If a chain does not follow the rules, it will be ignored by the nodes, even if it's the longest one. To change the rules, you have to update all nodes, not just the miners.