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It's a free system. They can do what they want.

The incentives are such that they don't. Why would you build a $100 million dollar mining facility and then burn it to the ground? You wouldn't. Why would you build a $100 million dollar mining facility and use it to mine something no one wants. You wouldn't.
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SqNr65 2y ago

That's true, incentives matter.

Honestly I don't blame them. It's an easy mistake to make. And it's not like we've ever had some sort of thoroughly documented, real world example of exactly what happened when a large and powerful coalition of miners decided to change one of the fundamental consensus rules.

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Brisket 2y ago

Yeah - no one has ever written about the block size wars. 😆

It just shows a lack of knowledge about what Bitcoin is & how the incentives work.

That's ok because it's a journey of discovery.

Stay humble & stack sats.