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35
World Economic Forum... "A change in the way bitcoin is coded could almost eliminate its environmental impact."...........Fun fact... you can’t change Bitcoin’s code! Eat shit WEF (twitter.com)
posted 2 years ago by purkiss80 2 years ago by purkiss80 +35 / -0
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– purkiss80 [S] 2 points 2 years ago +2 / -0

Anyone can submit a BIP that aims to change the bitcoin core. The BIP must be approved by an editor. The BIP must be voted in with 95% confidence from the miners. The community must upgrade to the new software version. The above-described consensus model ensures that no one bad actor or minority group thereof can control the fate of Bitcoin...

About 50 key miners, crypto exchanges and core developers have the power to change Bitcoin's code. Whether this would work is a different story...

Bitcoin's rules can be easily changed by altering Bitcoin's source code. However, Bitcoin is governed by the software run by nodes, not by the source code. Removing the strict limit on the number of bitcoin would destroy the value of Bitcoin as a system and alienate investors and long-time believers...

As a decentralized system by design, it can be difficult to see where the real power lies in Bitcoin. There are a number of different players in the ecosystem (e.g. miners, hodlers, exchanges ...

The code can be changed, but because Bitcoin is decentralized, there is no authority which could force you to use the changed code...

BIP stands for Bitcoin Improvement Proposal...

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