3) A falsifiable scenario - Suppose 60% hashpower mines a c…
3) A falsifiable scenario
- Suppose 60% hashpower mines a chain that breaks the 21M cap. If the ecosystem were mostly SPV, users follow that chain. If a critical mass of economic nodes run full validation and refuse it, exchanges won’t list those outputs; wallets won’t accept them; merchants won’t credit them. The cartel’s block rewards become illiquid, and the incentive is to defect back to the valid chain. No node “voted,” but validation changed the miners’ payoff.