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by nullc
1614 days ago
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That isn't how Bitcoin works. Miners can't violate the protocol, since the protocol decides what is and isn't mining. Wright wants a version of Bitcoin created with a backdoor to transaction authentication that lets him take coins without presenting the required credentials. If he created such a version and convinced some miners to run it, they'd simply stop producing blocks (at least from the perspective of anyone who didn't also adopt his backdoor). So the situation you imagine would just result in hashrate going down-- which can be a bit of an an annoyance since it slows down transaction settlement temporarily, but isn't a dire issue (e.g. Bitcoin lost on the order of half its hash power for a while after china issued a ban). In any case, if Wright shared your theory and was acting in good faith the target of his actions would be miners and not volunteer open source developers. He's stated outright in public that he expects the ruinous cost of his litigation to destroy the lives of his targets. |
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