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Re:Immudb 1.0 – open-source, immutable database with SQL and... by ric2b on Friday May 28, 2021 @01:30PM (#27318209)
> I.e. These rules CHANGE, and since they change(and have changed in the past) if you can convince a majority, you can change the rules to be whatever you want.

False, everyone running a node is enforcing whatever rules their node is written to enforce.

You could have 99% of the hashpower, if you generated a block saying that Coinbase is handing over all their Bitcoin to you (with an invalid signature because you don't have their private key), their node and the nodes of most/all exchanges and businesses would just go "lol, wtf is this shit, not a valid block because it has a transaction with an invalid signature, ignored".

A majority of hashpower is not the same as a majority of economic participants.

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