The net worth of all 10 of the richest people in the world sunk by at least $1 billion.
    • NotMyOldRedditName@lemmy.world
      32·
      1 month ago

      You cant add another 0 to bitcoin unless you figure out how to convince more than 51% of miners to do it, the majority of users, and not collapse the price at the same time.

        • NotMyOldRedditName@lemmy.world
          12·
          1 month ago

          Wtf are you even trying to say.

          To make a change to the protocol, you need 51% of the miners to agree and implement it when blocks are mined.

          But 51% of the miners isn’t enough because the users themselves can also revolt and fork away, which would destroy the price.

          To add a 0, you’d need a massive (*super) majority buy in from all sides.

          How much bitcoin anyone owns, even if someone owned 100% of it, has absolutely no bearing.