Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
onemorexmr
on 12/03/2015, 05:51:04 UTC
Regarding the "80% of the miners" : what part of "the miners will go where there is profit" don't you understand? I get it: the fork won't happen unless some majority of miners is stupid enough to upgrade. That doesn't mean they'll stay upgraded. I get it: transactions will slow down on the real chain if the fork happens. That doesn't mean they'll stay slow. The miners will find themselves with 3`600 new coins to sell every day, which is just about a million dollars at the moment. Add to that all the forked coins opponents of the change will be dumping on the market. Unless all the redditards and bezzletrons can scrape together enough money to cover that, the miners will be forced by matter of economic necessity to switch back to the real bitcoin.

What does it even mean to "bribe the miners" ?? If there's money to pay the miners off, aren't you just hiring them to mine for you? Are you just using this word in an attempt to besmirch?

i dont think one person (a billionare or not) is able to control a market. if the economic majority decides to sell all bitcoins after the fork (and keep their mpcoins) well it might happen.
but that will be a very huge disruption and the price will certainly fall on both chains. i will just keep both and see how it'll plays out. but i am sure bitcoin - and not mpcoin - will win.

but thats something we can only guess about. you think mpcoin will win, because you think the economic majority is on mpex. i dont think so.

bribe the miners: its easy. miners have to announce that they will accept / create bigger blocks. just set up a tool that sends 5btc to any new block's coinbase address which does not advertise this. you have successfully bribed miners and there wont be the required 80% of them (5btc is just a number out of my ass)

and no. this is not an attempt to besmirch (actually i think mp is besmirching miners with some of its statements but thats a whole other story which does not belong in here). i'd say its more expensive to mine himself (he'd need at least 20% of hashing power) than to bribe 80% of miners. so i dont see your point here.