Re:Facebook’s Libra cryptocurrency: Privacy and stability co...
by pojzon on Monday June 17, 2019 @12:42PM
(#20204756)
I dont think anyone with such possibility would put it to vote. They would just do it because they can.
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Re:Facebook’s Libra cryptocurrency: Privacy and stability co...
by jbusma on Monday June 17, 2019 @03:00PM
(#20206250)
You would essentially "vote" with which fork you were choosing to acknowledge with your own node, should you be running one.
Also I'm fairly certain a majority of hashpower, not just users would need to be on board with the change.
You could argue that as the primary beneficiaries of such a change (increase cap => increased distribution to miners) they would be for it, but I think most rational actors see the catch 22 of trying to profit by removing one of the core attributes that makes bitcoin valuable (it's scarcity)
Re:Facebook’s Libra cryptocurrency: Privacy and stability co...
by plokiju on Monday June 17, 2019 @01:03PM
(#20205010)
Bitcoin works by consensus though. Nobody can be in that position. the best you can do is make a fork. Those who don't agree with the rule change will keep mining with the old rules in place