The hardfork will make Gavincoin plummet to zero

[homo homini lupus]

Why?

Because there are no users for the bloatcoin. People won't adopt it. They'll go for alts with smaller bloatchains.

Gavincoin hardfork will not only cause massive chaos and unease for investors (who want out surely at some point) but also make it impossible to use Gavincoin with a W-Lan connection aswell as on most normal computers people have at home today.
Most users' limit in bandwidth is too small to participate in Gavincoin after the hardfork. (many will want to tell you otherwise, but they simply have no clue - it's basically the same people who told you to hodl all of last year)

The fork and internal warfare will also destroy investors confidence irreparably.

Because of this and many other reasons Gavincoin will drift towards ZERO

Massadoption of Gavincoin is an impossibility

[dasource]

Wow the stupidity on the forum is going to a new level!

[SnokkomBTC]

[Bernard Lerring]

The OP seems like an example of typing as it appears in ones brain. Well done on this "stream of thought" style.

How do we know when/if the hard fork is due to happen? Has anyone made a countdown?

[sgbett]

Why?

Because there are no users for the bloatcoin. People won't adopt it. They'll go for alts with smaller bloatchains.

Gavincoin hardfork will not only cause massive chaos and unease for investors (who want out surely at some point) but also make it impossible to use Gavincoin with a W-Lan connection aswell as on most normal computers people have at home today.
Most users' limit in bandwidth is too small to participate in Gavincoin after the hardfork. (many will want to tell you otherwise, but they simply have no clue - it's basically the same people who told you to hodl all of last year)

The fork and internal warfare will also destroy investors confidence irreparably.

Because of this and many other reasons Gavincoin will drift towards ZERO

Massadoption of Gavincoin is an impossibility

Let me just pipe in here and say:

[shit coin]

The OP seems like an example of typing as it appears in ones brain. Well done on this "stream of thought" style.

How do we know when/if the hard fork is due to happen? Has anyone made a countdown?

I thought it was merely under discussion with no decision reached yet. I cannot even find out how long the discussion is going to last.

[Bernard Lerring]

There seems to be a greater deal of speculation recently without Gavin proposing a date for anything happening. Not that I've seen, anyway. I haven't looked that hard.

[homo homini lupus]

the day it is scheduled is the day of the crash

[BillyBobZorton]

Im a bit out of the loop so im asking... are they really creating an actual fork named "Gavincoin"? wtf..

[Bernard Lerring]

That wouldn't surprise me. If there's a temporary crash due to the block chain fork when the switch happens. Before resuming trade at a similar price to before the fork.

Would it surprise you, homo homini lupus? The way you're posting the information seems to be as if you're imparting some genius knowledge upon us.

Any temporary disruption to the block chain is bound to have an exaggerated, if temporary, effect on Bitcoin.

[Bernard Lerring]

BillyBobZorton, the fork that is proposed is being implemented by Gavin Andresen who's one of the Bitcoin developers. The trolls are using Gavincoin as a way to smear Bitcoin to try and have an effect on regular users of the forum. Here's a thread:

https://bitcointalk.org/index.php?topic=941331.0

[homo homini lupus]

Im a bit out of the loop so im asking... are they really creating an actual fork named "Gavincoin"? wtf..

'they' aren't calling it that. 'We' call it that because we need to distinguish gavincoin from Mpcoin which is the original Bitcoinchain that will live on aswell. The savvy and informed user basically gets to choose which fork he/she wants to use.
The bloated gavinchain or the original unforked bitcoin chain (mpcoin)

The issue is ceating massive chaos because bitcoin works based on consensus and attempting a hardfork without a consensus like Gavin does will cause big problems.

That wouldn't surprise me. If there's a temporary crash due to the block chain fork when the switch happens. Before resuming trade at a similar price to before the fork.

Would it surprise you, homo homini lupus? The way you're posting the information seems to be as if you're imparting some genius knowledge upon us.

Any temporary disruption to the block chain is bound to have an exaggerated, if temporary, effect on Bitcoin.

temporary? Not so sure. Have you thought about the actual mpcoin/gavincoin market? What happens when mpcoin and gavincoin are traded directly against each other? You got it. Madness!

So the flashrecovery isn't a thing i see as this shenangians can be expected to go on for several months maybe years.

It's not a 'temporary disruption', it's a SPLIT of bitcoin into two forks and also a split in the community. The altcoin 'Gavincoin' and the original Bitcoinchain without changes. Many people will go for Gavincoin but Mpcoin is the integer blockchain.
User that don't upgrade are automatically on Mpcoin. It's going to be a fuckin' madness situation.

... basically the amount of bitcoin doubles


*disclosure on my position: i am an independant onlooker in this. I am not associated with any of the sides, though i do prefer Mpcoin as the integer Bitcoin over Bloated and inaccessible Gavincoin. At the time of the fork i will hold no bitcoin and will not participate in any of that. Same would be advised for anyone else - so that's why the market crashes because nobody wants to get caught up in it and everyone sells before the fork.

[Bernard Lerring]

So you're asking what happens to Gavincoin/mpcoin after the split.

My answer is that I'll start using whichever one chain is accessible by the current Bitcoin exchanges. I don't think we'll see both accepted by the exchanges.

[homo homini lupus]

So you're asking what happens to Gavincoin/mpcoin after the split.

My answer is that I'll start using whichever one chain is accessible by the current Bitcoin exchanges. I don't think we'll see both accepted by the exchanges.

different exchanges will accept different forks. And maybe some exchanges even accept coins from both forks. Other exchanges will accept no fork at all.

The only winners in this will be the good and solid altcoins

[Bernard Lerring]

I doubt it.

You can quote that on one of your future troll posts, if you want.

[D05GTO]

Dumb post by someone who couldn't even bother to read the Bitcoin Whitepaper.  Here's a snippet for the uninformed.

"
Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section Cool to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.

The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.
If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.

Satoshi Nakamoto
"

[homo homini lupus]

Dumb post by someone who couldn't even bother to read the Bitcoin Whitepaper.  Here's a snippet for the uninformed.

"
Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section Cool to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.

The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.
If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.

Satoshi Nakamoto
"

gavin is fixed on it - he's not looking at reality

Bitcoin does not have that transaction volume yet and Gavincoin will never get it because it's not a useful coin.
Mpcoin maybe ...

[galbros]

I agree that a growing size of the blockchain is a potential issue.  However, there seem to be lots of improvements in the number and quality of light clients that don't require users to download the entire blockchain.  Furthermore, as merchants use payment providers, it may not be an issue at all.

[homo homini lupus]

I agree that a growing size of the blockchain is a potential issue.  However, there seem to be lots of improvements in the number and quality of light clients that don't require users to download the entire blockchain.  Furthermore, as merchants use payment providers, it may not be an issue at all.

Basically users of gavincoin give up their souvereignity and direct control over the coins. They will be incapacitated in no time.

[homo homini lupus]

- A 70% majority of sheep does not save Gavincoin as these sheep will later run for the exit too once they see what gavincoin really is
- convincing exchanges to not use Mpcoin will not help Gavincoin because one single exchange accepting Mpcoin is enough
- all propaganda and campaign will not save Gavincoin as users do see clearly the coin will become a nightmare to use almost immediately