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A comment on Coinbase S-1. Parent comment

Re:Coinbase S-1 by user-the-name on Thursday February 25, 2021 @09:46AM (#26263237)
No, that was the original claim. That you need the miners to agree. They are the ones that hold the computing power.

The claim I responded to says that in addition to this, you also need the majority of the "nodes", which are just computers that do no work and just forward transactions. This is incorrect, you do not need their help. It is easier if you have it, but you do not need it.

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Re:Coinbase S-1 by PKop on Thursday February 25, 2021 @09:49AM (#26263273)
>They are the ones that hold the computing power

If they hold this power to dictate value to the market, why don't they do this right now and print infinite money for themselves?

It's because they don't actually have this power.

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Re:Coinbase S-1 by user-the-name on Thursday February 25, 2021 @03:26PM (#26267806)
They absolutely and obviously hold that power. It is just not in their interests at the moment to rock the boat.
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Re:Coinbase S-1 by rand49an on Friday February 26, 2021 @04:49AM (#26273076)
The nodes are what actually enforce the rules. If you send out a transaction with 25M coins in, nodes won't broadcast that transaction and it doesn't make it to the blockchain.
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