Author: Pieter Wuille 2015-05-08 02:35:00
Published on: 2015-05-08T02:35:00+00:00
In an email exchange between Pieter Wuille and Roy Badami, the former commented that he wouldn't modify his node if a change was introduced that perpetually offered 100 BTC subsidy per block, even if 99% of miners went along with it. Badami responded by stating that in this scenario, Bitcoin would be dead. He further explained that if the fork that Wuille preferred had only 1% of the hash power, it would be vulnerable to not just a 51% attack but also a 501% attack, while only receiving one block every 16 hours. Ultimately, Badami noted that any change to the Bitcoin code would require convincing people and ensuring that they modified their code.
Updated on: 2023-05-19T20:13:15.068187+00:00