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Title: what stops miners from increasing the block reward? Post by: BitwiseOperator on July 19, 2017, 06:28:19 AM what incentives or systems exist to stop 60% of the miners from getting together to initiate a fork to increase the block reward for themselves?
Title: Re: what stops miners from increasing the block reward? Post by: RoommateAgreement on July 19, 2017, 06:32:28 AM nothing they can do whatever they want and change whatever they like, miners or anybody else.
but when you change something it will not be bitcoin unless it can get majority of the networks's support. For example if tomorrow miners did this change and everyone accepted it, being the nodes, exchanges, services, ... it will be the new bitcoin. but nobody will ever accept these changes so it will become an altcoin. an altcoin like the other 5000 altcoins that we have a lot of them are forks of bitcoin changing stuff like supply, reward, block size, block time,.... |