Is it not possible for everyone to mass change their version back to non-BIP91 prior to July 29 and have it fail?
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Is it not possible for everyone to mass change their version back to non-BIP91 prior to July 29 and have it fail?
Why would they do that - they would basically destroy their own business (i.e. mining)? It would make absolutely zero sense and it is not going to happen. You may as well ask if they would just shut their mining farms and pools down.
Wouldn't it just force the creation of a new coin?
Yes and that new coin would not be bitcoin. Further it would be highly susceptible to 51% attacks.
Ok, I was just curious. If there are enough people willing to work together on a "new BitCoin", call it BitCoin Classic for argument's sake, it could be possible that this new growth gets nerfed.
I personally don't see why a group of BitCoin-ers would do this, but with the amount of scrutiny around the whole SegWit (2x) push, I wouldn't be completely shocked if something unexpected happens on or before 7/29.
I'm a very skeptical person to begin with, so all of the rumblings around BTC for the past several months have got me a bit on edge :)
Thanks for the responses!
Well some people have threatened to do that before. In some ways you could consider that existing altcoins like Litecoin are exactly that.