Post
Topic
Board Bitcoin Discussion
Re: I ran Bitcoin Core for >3 years, and I turned it off today
by
meono
on 14/08/2015, 15:33:20 UTC
It has nothing to do with "special treatment".  If a fork occurred without consensus, only then does it become an altcoin.  If it either achieves consensus or the fork doesn't happen, it's still Bitcoin.  The fork hasn't happened yet, so it is still Bitcoin.  XT sends and receives bitcoin transactions using the Bitcoin blockchain.  It is an alternative client, not an alternative coin.  Stop spreading misinformation.
It is not misinformation because those are Hearns intention. He stated that in the worst case scenario checkpoints will be implemented to ignore the longest chain. In other words, consensus is not necessary for the fork to happen according to him. I'd rather people be aware of his intentions on time.
That alternative client needs to die.

Dont twist words around to fit your agenda.

The key part Mike said that you intentionally left out from that video:

Quote
If the needs of the wider global bitcoin community start diverging from what miners in China want, the who wins .... the answer is the economic majority wins

The fundamental of bitcoin blockchain has always been economic incentive. Miners dont make rules they're rewarded for following rules. The moment they're stupid enough to disagree as in the worst case Mike mentioned, the network will have to ignore them and treat them as an attack ( ignoring the longest chain is a defense against attack)