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Title: Did forks destroy blockchain integrity and cause BTC to USD inflation? Post by: Dennis Francis Blewett on May 17, 2017, 05:03:14 PM I decided to scrap this post. /endthread
Title: Re: Did forks destroy blockchain integrity and cause BTC to USD inflation? Post by: Lauda on May 17, 2017, 05:06:33 PM With that said, it appears there wasn't a fork in the road. It appears there are multiple roads now with each one sporting its own version of a genesis block. Thus, in relation to BIP66, there are at least two camps: Pre-BIP66 genesis and Post-BIP66 genesis, as per their respective genesis blocks. Nonsense. That chain is long dead.I read the white paper by Satoshi Nakamoto. It would appear that the integrity of the Blockchain is of the utmost importance. And as such, the integrity of the original Blockchain has been disrupted by the BIP66 issue. Nope. You don't understand the whitepaper if you think that.BTC/USD has nothing to do with this event. I do wonder what has motivated you, or should I say *incentivized* you to write this. ::) Title: Re: Did forks destroy blockchain integrity and cause BTC to USD inflation? Post by: Dennis Francis Blewett on May 17, 2017, 05:17:14 PM Not losing money on a volatile system (forum) and gathering my thoughts on *paper* (my blog).
How and why is that chain long dead? Yes, Bitcoin is limited in that there can only be a maximum number. Allegedly, this is how the P2P put forward by Satoshi is to delimit inflation along with the blockchain (so, arguably, there are two variables of the utmost importance: max. money and record keeping of max money). However, there have been multiple books (blockchains) to keep track of a maximum number of BTC, and for what I understand, there are multiple versions of the blockchain (pre-0.9.5. and post-0.9.5). Title: Re: Did forks destroy blockchain integrity and cause BTC to USD inflation? Post by: Lauda on May 17, 2017, 05:25:17 PM Not losing money on a volatile system (forum) and gathering my thoughts on *paper* (my blog). With thoughts, you mean nonsensical FUD?How and why is that chain long dead? Because there is nobody mining on it/using it.Yes, Bitcoin is limited in that there can only be a maximum number. Allegedly, this is how the P2P put forward by Satoshi is to delimit inflation along with the blockchain (so, arguably, there are two variables of the utmost importance: max. money and record keeping of max money). However, there have been multiple books (blockchains) to keep track of a maximum number of BTC, and for what I understand, there are multiple versions of the blockchain (pre-0.9.5. and post-0.9.5). Without analyzing this particular event, you are pretty confused. Anyone can create Bitcoin forks within minutes. Actually, there are at-least a few examples of Bitcoin forks where the original balances were kept in some way.It makes absolutely zero sense to bring this event up now. |