Bitcoin Forum

Let's see...
For me I say YES

- edited -

I will continue using the real Bitcoin.

+1.

Those nodes/miners would need to vote with their client.

[Edit: The poll question was reworded to be more clear:

 "if the 'plan' to halve reward is changed, will you quit bitcoin?" ]

I'm not sure to get you. I'm referring to this thread:
https://bitcointalk.org/index.php?topic=108964.0

There is no voting. Just do nothing— your node will happily ignore idiots who made a totally worthless fork, no matter how many of them there are. :)

This post might as well say, "Will you quit bitcoin if some people install on their own computers a web interface to paypal called bitcoin?"

+1

He doesn't mean "if the block reward is changed" he means "if the 'plan' to halve is changed".

+1

+1
Such a fork and how the sum of Bitcoin market forces changes would be very interesting though...  8)

We have already seen a number of clones with different rules, which seem to predict which way it would ultimately turn out...

BTW, there would in fact be voting, because as the Buddhists say, "One cannot 'do nothing'! One can only 'do not doing'!" So, it would be voting by "not doing"... :D

Yeah I think my question has not been understood by everyone. I will edit it and reset it.

Poll is misworded.  Any such fork would no longer be bitcoin, and I'm sticking with what I've got.

I can't vote either way. For me, the choice would really be:

1. go with the group playing by the original bitcoin rules
2. go with the group playing by the new bitcoin rules
3. go with some other p2p cryptocurrency clone or type
4. go with some other choice i don't have in mind yet

Cryptocurrencies seem to be here to stay; it would be unwise to "quit"...  8)

+1 I'll switch pools asap.

Is this seriously being considered? I haven't seen any real debate on the matter. Link?

I have bought, used, and given away BTC with the understanding that they would be produced according to certain rules.  Changing those rules after the start of the game is attempted theft.  It is no different than accepting gold-backed dollars only to be told afterwards, "Those aren't worth anything any more.  We decided to print a few billion extras even though we told you we were only printing as much as our reserves could cover.  Sorry."

Fortunately, BTC has one important difference.  You can't steal from me unless I allow it.  You can't change the rules on me unless I go along with that change.

So what do you think  I would do in this hypothetical situation?

+1

The halve is already there, the plan is to let it happen.

If the plan is changed it certainly won't be called Bitcoin. So yes I'll stay with Bitcoin.

Of course not.

But, this is open source.  Anyone that wants to can edit it to remove the shift, and they can even distribute their changed version.  I don't expect that anyone would actually use it though, for many reasons.

+1

+1.  This should be a choice in the poll.  It binary nature of the poll makes it seem like I could be forced to stop using Bitcoin.  Whatever inflatacoin fork is creating it isn't Bitcoin.  Bitcoin will still exist. 

I would take it another step.

What we are doing is participating in a mass agreement on the rules of the system.  The name doesn't matter.  The software doesn't matter, except to the extent that it enforces the agreement as our agent.  What matters is the rules.  Even if some random new dude doesn't understand the implications of the rules, the most important parts of the ecosystem are currently in the hands of anarchists and libertarians, and they do understand the rules perfectly well, and they won't accept any silly changes.

Here is the hilarious part though.  Even if some people made their own client that allowed the 50 BTC subsidy to continue forever, it wouldn't matter a damn bit.  Even their clients would accept 25 BTC blocks as valid (the test is <= not ==), but the 25 BTC clients would not see the 50 BTC blocks as valid.  So, the whole network would still follow the correct rules, and the people mining for 50 BTC would get NOTHING.  Not even 50 BS-BTC to spend on their forked chain.  They would need to add another gratuitously incompatible change too, if they wanted to fork.

I don't care I will continue to sell BTC for real cash as fast as I can.  BTC is a pipe dream. FIAT in its awful glory is what matters. BTC is only worth anything because is can be changed to FIAT. Take that away and its worthless binary

New poll: How many people want to change their answer because they initially misread the question?

You've got it backwards. It can be converted to other currencies because it is in fact worth something.

Yes plz.

Yeah delete this entire thread and try again.  It seems like many people who answered no meant they would just keep on with their client, and many people who answered yes meant the same thing (assuming that the unchanged client would not be the official bitcoin one).  The poll should have 3 options.

A. Stay with the current reward scheme
B. Move to the new reward scheme
C. Quit bitcoin entirely

https://bitcointalk.org/index.php?topic=110625.0 (https://bitcointalk.org/index.php?topic=110625.0)