Post
Topic
Board Bitcoin Discussion
Re: WARNING: blockchain split
by
jonald_fyookball
on 04/07/2015, 20:42:44 UTC
OMG WTF guys? I`m getting scared.

So if i just send now a transaction, then i lose my bitcoins and it doesnt get to the other end?

Also what if i buy now bitcoin with € do i get fake bitcoin if the merchant is on wrong chain?

This could be a serious problem. No FUD intended but seriously, i`m starting to panic/   Huh

Is it just me or is the impact of this non-event severely exaggerated?

It didn't have much direct impact this time... however, I think there is reason to be concerned.
Imagine if 48% of the hashing power was on the 'wrong' fork instead of 35% or
whatever it was.  You start running into the possibility of a real split network that won't
converge on its own. 

It behooves the community to examine the process by which pools and nodes stay updated.
Honestly, a pool watchdog would be a good thing, to make sure all major pools are operating
on the same codebase.  Or if someone has better ideas, pls share.