…It is possible if the community members, including node operators, key developers, miners and investors, reach a consensus on the hard fork and transition to a new chain…

Forgot to add — only “selected” community members.

Here we are talking about Bitcoin depreciation. This can be done, for example, by increasing its emission.

Here it is immediately clear why large funds got into this crypto-theme at all — in order, in fact, to depreciate the “good old” Bitcoin and launch their own, “correct” version. That’s the situation.

It turns out that the hard fork and transition to a new chain are possible only when the “selected” members of the crypto community — node operators, key developers, miners and, of course, investors — agree among themselves.

But there is another option for depreciating Bitcoin.

I’ve just recently written about it here: https://x.com/L_Okhotnikov/status/1857712323823075610

#Bitcoin #crypto