Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
Cryddit
on 15/02/2015, 23:21:22 UTC

There has been several posts made about MPcoin being useless because blocks would be too slow etc...
Care to comment on that? You seem fairly confident MPcoin is going to win the "war".

Sure. It's simply a case of wishful thinking. The premise that "MPcoin blocks would be too slow" is based on the assumption that the majority of hashing power will switch to gavincoin.


It is not an assumption.  It is a prerequisite.  When the code for a hard fork is deployed, no change to the protocol actually happens until 95% or more of the hashing power (over the most recent thousand blocks) asserts via the protocol-version field in the header that they are ready and willing to convert to the new protocol.

Consequently, 'Gavincoin' as you're calling it WILL NEVER EXIST unless 95% of miners are ready and willing to abandon 'MPcoin'.  

And therefore, at the instant a split happens, 'MPcoin'  blocks will start taking at least 20 times as long and the MPcoin ability to process transactions  will drop to at most 5% of its previous level.  MPcoin could adjust its rates back to one block per 10 minutes, eventually - but making 2016 blocks at that rate will take ten months, and the adjustment after that will take another two and a half, so MPCoin won't be getting back to ten-minute blocks for at least a year after the split.   

Again, this is not an assumption, this is a prerequisite.  If the conditions are not such that this will happen, then the split won't happen in the first place.

Cryddit