They execute them, but no
Node operators do
Obviously much more complicated then that in detaul
Discussion
Let's unpack the detail.
Mining pools run nodes.
They are a factor but they are not final consensus, the users are
How so?
If they fork and the new coins they are mining are worthless then it won't matter what they did
Exactly miners will direct their hash to whatever is more profitable self interest always wins.
What if BlackRock and Saylor pick a fork nwhat becomes profitable?
Maybe they will but the majority will need to agree for it to become the dominant chain. And if not the minority chain will still exist and can be used by whoever chooses to use it. The key is you cannot force ppl what chain to support.
I agree with the last sentence but idk how relevant it is to current landscape.
But on the other hand if everyone dumps Saylor-Blackcockcoin it will become just another BCH or BSV or one of the many failed forks.
Let's just do a summary of '17 block wars
It all comes down to the collective consensus imo
The relationship between;
- validators (node runners)
- asic's
- users (usually both above)
Even though Ver & Jihan had at one time over half of all ASIC's hash pointing to bcash, it ultimately failed for reasons we know why; not the way to "scale" a time chain
So to me, its the relationship of everyone above, regardless who has the most hash power.
tbh why I've been actively funding devs since '19, the real people in control of everything is the devs; coding away on git and pushing commits, making sure the codebase is sound
- my real fear is not majority hash into a bad actors hands (not even 50%, more like 30%); it's the state funding hundreds of devs to program and commit "unwanted" code to the codebase.
This can be done over many years, even decades without anyone really noticing.
The real fear is becoming more relevant.