Quote from: altcoin hitler on February 04, 2015, 06:14:25 AM

Quote from: tvbcof on February 04, 2015, 05:58:33 AM

Quote from: mortified on February 04, 2015, 04:50:23 AM

What hard fork did you think I was talking about? According to MP , tvbcof, et. al. many miners would not switch to the new 20M fork.

I never said anything one way or another about that and never thought much about it until about 20 seconds ago. Now that I do, however, it is kind of interesting...

I've heard (but don't know) that some outfits are shutting down their hashing due to being in the red (which, as I've said multiple times, is an almost inevitable situation which we must assume will occur from time to time no matter what the price, fees, blocksize, whatever due to simple economics and supply/demand.) Those blinking off must be pools who own most of their own gear because it should not cost much to run a pool generally and if you can find a few miners who will hash for you (for whatever reason) then why not keep running?

This means that there are idle resources which can power up. Let's guesstimate that 95% of miners are straight up good corporate citizens and who appropriately love Big Brother and The Bitcoin Foundation. They'll upgrade to 'gavincoin' like they should and keep right on hashing (and honor the appropriate red-lists when they come out.)

This leaves the other 5%. Some of these will hash on bitcoin-legacy.org (domain free to a good home, BTW.) Maybe the BTC they get will be worth less, and maybe there is a better chance that they'll be worth almost nothing compared to the state approved GVC [gavcoin|govcoin], but they'll win a lot more of them since the difficulty will plummet.

bitcoin-legacy will have to live under the Sword of Damocles having only a minority of the world's sha256, but there are probably some kludgy protections against some of the mischief which could be wrought upon it through attack though.

You know what? A light, tight, and defensible Bitcoin core is exactly what 'sidechains' needs, and sidechains have the potential to attract a great deal of sha256 since they would be created by-and-for autonomous entities who simply need the benefits of a solid exchange currency. Here's an idea. The so-called 'mpcoin' could patch in the SPVP op-code which would benefit sidechains (and others) and leave the gavin-bloat behind as a play for resources.

Here's to living in interesting times.

do not say Gavincoin will win a war. I think it won't for a few simple reasons:
-Users who don't update are automatically not on Gavincoin
-many users will choose a small blockchain over a large one when presented with a choice (me included)
-all it takes is a single exchange that exchanges Mpcoin to make sure it survives and wins
-the old chain is more integer (it is the original 'Bitcoin')

it all depends how the broaders userbase is educated on their choice and the users will not choose Gavincoin as it incapacitates them and brings them no real benefits - they will tell you to go fork yourself when told about 1000gb storage and all the other things.
The ultimate choice will be down to the userbase ... and they will choose dogecoin and litecoin ... but if they had to choose between Gavin and Mpcoin they will stay on the old chain.

So this whole shitshow is total bogus.

Most people will possibly try out both versions and will find Mpcoin is just better for them as they can afford to store the blockchain on their homecomputers and it doesn't use so much bandwidth. Gavincoin won't win it - even if it has more support initially and all the hype-sheitsters, exchanges and 95% miners behind it. People will find it's crap and return to Mpcoin ... or more likely Litecoin.

Seriously all of these pro-fork people that are so sure Gavincoin will be the winning chain look like apes.

Guys, this discussion and all your arrogance is just too funny but carry on ....

the blockchain isnt going to be 1000GB+ a year
" blockchain pruning " solutions are already being worked out to fix the storage issue
most likely the home user will not even notice that the blocks are larger
since the transcation amount will have to increase exponentially to get close to filling those bigger blocks and that may not happen for 5-10 years