This is an excellent clip. And it’s aged beautifully 😂
The idea (and preposterousness) of a 51% attack by miners makes perfect sense. But what I’m wondering is whether a majority of nodes would meaningfully change the consensus around block acceptance. But I think it wouldn’t happen, considering that no bitcoiner is ever going to run BlackRockFork on their own node.
Satoshi answers this question in the white paper I think I uploaded the wrong section on nodes lol
But the whitepaper mostly refers to nodes and miners interchangeably, no?
It also talks about if nodes are not honest
Yes… I think I’m missing what you’re getting at wrt the BlackRock fork FUD though
He speaks of nodes be honest and dishonest and blockrock node probably will be dishonest.. I could be off topic or talking about something different thinking it's the same.. lol we learning
My understanding of an honest node is one who accepts and publishes valid blocks.
A node that accepts a forked block is just running a different blockchain sooner or later. If all other nodes accept that block/chain too, then that becomes the consensus chain and the “valid” coin, at least to those nodes.
One of the beautiful things about Bitcoin is that your node defines your coins, your software, etc.
No reason to accept a black rock fork unless you would prefer to hold that asset instead of Bitcoin
