Bitcoin Forum
February 22, 2020, 11:37:45 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Why is BU consensus at 75% and isn't it bad  (Read 1115 times)
dinofelis
Hero Member
*****
Offline Offline

Activity: 770
Merit: 609


View Profile
March 09, 2017, 08:28:23 PM
 #21

though any majority will lead to gaining the blockheight. the FIGHT(orphan risk) for blockheight is much more if the majority was say 51% rather than say 91%

You should really stop telling this.   With a hard fork, there is no "orphan risk",  you just have two chains, two coins, and that's it.
1582371465
Hero Member
*
Offline Offline

Posts: 1582371465

View Profile Personal Message (Offline)

Ignore
1582371465
Reply with quote  #2

1582371465
Report to moderator
1582371465
Hero Member
*
Offline Offline

Posts: 1582371465

View Profile Personal Message (Offline)

Ignore
1582371465
Reply with quote  #2

1582371465
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582371465
Hero Member
*
Offline Offline

Posts: 1582371465

View Profile Personal Message (Offline)

Ignore
1582371465
Reply with quote  #2

1582371465
Report to moderator
franky1
Legendary
*
Offline Offline

Activity: 2674
Merit: 1630



View Profile
March 09, 2017, 09:10:33 PM
 #22

You should really stop telling this.   With a hard fork, there is no "orphan risk",  you just have two chains, two coins, and that's it.

lol you really have been fed the spoon of blockstream

"hard fork" is an umbrella term with several possible outcomes below it.

its whoevers script you have read that has sold you into thinking that soft = 1 result best case scenario. and then stroked ur head into thinking only good things will happen

hard=1 result worse case scenario. and punched ur heead into thinking only bad things will happen

please try understanding bitcoin and run MANY scenarios.
it will help you understand bitcoin better

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
dinofelis
Hero Member
*****
Offline Offline

Activity: 770
Merit: 609


View Profile
March 09, 2017, 09:20:27 PM
 #23

You should really stop telling this.   With a hard fork, there is no "orphan risk",  you just have two chains, two coins, and that's it.

lol you really have been fed the spoon of blockstream

"hard fork" is an umbrella term with several possible outcomes below it.

its whoevers script you have read that has sold you into thinking that soft = 1 result best case scenario. and then stroked ur head into thinking only good things will happen

Of course I don't think that.  My favorite scenario is where bitcoin successively hard forks into several different coins.  It is not a good thing that essentially all crypto is centralized into one single chain.   A single crypto, and a single chain, is also a form of centralization that should be broken.

But what I *prefer* is independent of how I think that the dynamics works.  And you are entirely confused about how hard forks work, because you still talk about "common chain height", orphaning, and so on.

So although my preferred scenario is where bitcoin hardforks into many different coins, I think this will not happen as long as bitcoin carries with it its first mover advantage: this has to erode away first.   And it might very well be that bitcoin will not be used as a transaction medium before this happens: as mainly a vault-reserve currency, where the meager transaction volumes are used to settle between institutional players ; or as an immutable ledger with limited space, that is sold for a lot of money by miners (and the coin is just an app coin that doesn't matter any more, as it is more expensive to move it than the coin's value).

I don't know what will be the outcome for bitcoin.  

franky1
Legendary
*
Offline Offline

Activity: 2674
Merit: 1630



View Profile
March 09, 2017, 11:16:28 PM
 #24

My favorite scenario is where bitcoin successively hard forks into several different coins.  

you can do that now. find a few people that agree with you. and then set your node to blacklist everyone apart from those people.
thus starting your own network that wont orphan against bitcoin because it doesnt see bitcoin.

you dont need any big community activation event. just find people that want the same as you and connect to them and ban the rest.

you then have your own altcoin

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!