Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by CrystalLangUser on Thursday December 21, 2017 @09:18PM
(#15984770)
Well, they could but the entire community can just fork. Miners are under no obligation to stick with a crazy change like that. The core developers would only shoot themselves in the foot and make themselves never to be trusted again.
And with Bitcoin Cash gaining in popularity, a fork is not an impossibility. In fact, BCH is popular because it's actually usable unlike BTC at the moment (extremely high fees, slow confirmation times).
bitcoin-core can double the amount of bitcoin overnight. They can commit new code which does that and shows up in the next client.
But, that would presumably be noticed: either in the oss repo, or in the blockchain itself.
So I think more accurately, it's sort of in between a fiat currency and a commodity. It's a fiat currency whose operation is completely transparent.