Mpcoin supporters have announced that they will sell their gavincoins and buy mpcoins instead. Gavincoin supporters have not announced anything. So one can suppose that, at the beginning, the price of gavincoin will tank.
We don't need to announce anything. People will typically follow what is in their economic self interest and will definitely be arbitrating both ways. Expect equal sell pressure on MP coins, if not more.
I'd rather just have one hard fork to set a dynamic block size limit, and get it over with, then have these debates, and risky hard forks, every four years.
That is what Theymos and I are talking about.
One hard fork now that sets a block/~time dependent dynamically staggered block size limit.
Anyone who claim that transaction volume moving to another blockchain won't destroy the value of Bitcoin is either delusional or lying.
Bitcoin's status as digital gold is backed by the demand for it as a transactional currency. All of the speculative demand for Bitcoin right now is based on the potential it has to carry on it a substantial portion of global finance. Bitcoin won't survive as an expensive to use competitor to SWIFT. It needs to be extremely cheap, and have space for millions of people.
Yes.