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Title: Will the Fork End in an Alt Coin Post by: jeromanomic on August 28, 2015, 06:59:30 AM http://www.finance-guy.net/finblog/bitcoin-forkin-war (http://www.finance-guy.net/finblog/bitcoin-forkin-war) an outside look at the XT / Core debate
Title: Re: Will the Fork End in an Alt Coin Post by: CryptoEdge on August 28, 2015, 01:19:01 PM Yes. But not just another alt-coin, one that uses all bitcoins in existence as a 'pre-mine'.
https://i.imgur.com/7Z2cHyM.png Title: Re: Will the Fork End in an Alt Coin Post by: cellard on August 28, 2015, 01:24:09 PM Yes. But not just another alt-coin, one that uses all bitcoins in existence as a 'pre-mine'. https://i.imgur.com/7Z2cHyM.png Only one of the chains will survive, the lest will be deprecated. Simple market forces will make the other coins non usable because they will be rendered worthless. Anyway let's hope Core gets the BIP it needs to settle this situation and we can continue growing the project and improving it. Title: Re: Will the Fork End in an Alt Coin Post by: gentlemand on August 28, 2015, 01:29:52 PM Crap article in general. That aside, everyone clings to their ideology until it looks like they're on the losing side. I'd be very surprised if a weaker chain lasted more than a few days before it dwindled to irrelevance.
Title: Re: Will the Fork End in an Alt Coin Post by: turvarya on August 28, 2015, 01:36:58 PM I stopped reading after the first sentence:
Quote On August 15th, Bitcoin XT was released, creating what is known as a 'fork' in the blockchain. That is just BS.There are three ways how this will go: There will be a new BIP, Core and XT will use. BIP101 gets enough support, so Core will implement it eventually. No BIP gets enough support and everything stays the same(for some time) None of this scenarios will lead to something, I'd call a fork. Title: Re: Will the Fork End in an Alt Coin Post by: TinEye on August 28, 2015, 02:11:45 PM Yes. But not just another alt-coin, one that uses all bitcoins in existence as a 'pre-mine'. https://i.imgur.com/7Z2cHyM.png Only one of the chains will survive, the lest will be deprecated. Simple market forces will make the other coins non usable because they will be rendered worthless. Anyway let's hope Core gets the BIP it needs to settle this situation and we can continue growing the project and improving it. from what i understood, if both chain have consensus 50% from miners and merchants there is the possibility to have two coins, equally viable, and would be a problem to indentify the real bitcoin if something like this happen, with both of these coins with the same value at the beginning, and 50% after initial dump Title: Re: Will the Fork End in an Alt Coin Post by: gentlemand on August 28, 2015, 02:13:49 PM from what i understood, if both chain have consensus 50% from miners and merchants there is the possibility to have two coins, equally viable, and would be a problem to indentify the real bitcoin if something like this happen, with both of these coins with the same value at the beginning, and 50% after initial dump If a 50/50 situation ever arises then I think the game is over. That's why XT, whatever you think of it, settled on 75% (which is still a little low) for two solid weeks before switching. |
