Bitcoin Forum
June 24, 2024, 08:44:40 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Hard fork  (Read 470 times)
cnk (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
November 28, 2013, 09:18:36 AM
 #1

At March 2013 a bug in Bitcoin 0.7 caused a hard fork of the chain that could not be automatically resolved (details : https://en.bitcoin.it/wiki/BIP_50).

This event didn't seem to affect bitcoin price and public image of bitcoin.

Now the situation is different. Bitcoin price has increased 30x times since March and now bitcoin is receiving more public attention than ever before.

I wonder what would have happened to bitcoin price if a hard fork had occurred now?
Altcoins.io
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
November 28, 2013, 09:45:59 AM
 #2

it would decrease initially -- as happens in any market when confidence is dented -- and then return to much the same level. market prices are based on future expectations, so once any issues have been resolved, it's often business as usual.
qwertyGuy
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile
November 28, 2013, 09:50:59 AM
 #3

I wonder what would have happened to bitcoin price if a hard fork had occurred now?


Depends how much hash % the hard fork get. In the March 2013 it was unintentional and resolved very quickly thats why it had only positive impact on price
cnk (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
November 28, 2013, 10:51:44 AM
 #4

Intentional fork, as I understand, would mean an attack on bitcoin. The outcome of such event will depend on the amount of hashing power the attacker has.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!