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A comment on Mark Cuban loses $870K in hot wallet hack. Parent comment

Re:Mark Cuban loses $870K in hot wallet hack by somenameforme on Saturday September 16, 2023 @02:29PM (#37537297)
The difference is this would require a hard fork, and the value of this fork would be determined entirely by market forces. Imagine if when the US decided to 'print' a few trillion bucks, it resulted in the creation of a new USD2 currency. And you were free to keep using USD1 or swap over to USD2. More or less the exact same thing has already happened with Bitcoin multiple times, with the outcome you could expect.

It's quite interesting in an economic sense too because, unlike our USD2 analogy, in the Bitcoin world users actually keep all their money in both forks (so if you have $1000 in USD, you'd also have $1000 in USD2) yet disproportionately favor one currency to the point that e.g. Bitcoin Cash is worth $217 per coin, while BTC mainline is worth $26,000 per coin.

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Re:Mark Cuban loses $870K in hot wallet hack by tsimionescu on Sunday September 17, 2023 @12:15PM (#37546632)
Not necessarily. The main BTC software has already changed a few times over the years, and nothing prevents it from changing again. If the BTC maintainers and major miners would agree, they could very well push this change. The same way they decided to stop expanding the block size, for example.

The forks were the result of a split in the community. Not every change actually results in a fork.

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