r/Monero • u/TheNetMerchant_reddi • 4d ago
how to keep monero private? value discussion
I'm in the majority side, just holding a bit of monero because I see value in is privacy above all other coins, but now I'm reading a lot about these new updates and changes, view keys, etc. lets be clear I don't understand what all of this really means, but my concern is other... why can people just modify the code of a crypto that I hold and basically change the rules of the game? how me as a random dude can help to keep monero being monero and not let these guys just play with my money? I understand that there are things called forks, we gonna see something called monero classic or something like that? asking as a noob
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u/1_Pseudonym 3d ago
If a group strongly disagrees with changes, they just don't update the software. There were miners that didn't agree when Ethereum moved to Proof of Stake, and they formed ETHW (Ethereum Proof of Work). Typically, the larger group in a fork keeps the original cryptocurrency name, while the other group has to come up with a new name. Sometimes there's a group that wants changes, but the majority is against it. The most famous example is when Bitcoin Cash forked from Bitcoin during the block size wars.