Replying to Avatar Dr. Bitcoin, MD

Yeah: instead of reducing the block reward, they just keep it the same. Maybe we’d be on 12.5 bitcoins per block still had the battle gone their other way.
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I3_I2_I_Z 1y ago 💬 2

My understanding is that is not possible (???) - halving is hard coded every 210,000 blocks.

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Brisket 1y ago 💬 1

It's not possible without a fork in consensus.

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I3_I2_I_Z 1y ago 💬 1

Cool... That's what I thought.

They can just go fork themselves.

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Dr. Bitcoin, MD 1y ago

Exactly. And if there are no users running nodes to object, rule changes happen without a fork.

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Dr. Bitcoin, MD 1y ago

The real question is “why is it not possible?”

The answer is NOT “because it’s hard coded every 210,000 blocks.”

No. Not even close. The real answer is “Because I say so…and I can say so because I run my own node…and my wallet connects to my node and I will not accept payment that doesn’t follow all the rules.”

Back then, neither miners nor businesses thought users had any role. Devs knew better. Most devs at least.