Re: Gold collapsing. Bitcoin UP.

Quote from: sgbett on August 16, 2015, 03:55:03 PM

With any less than 50% then MP is economically disadvantaging himself, and then it is a question of how big his pockets are and how much he is prepared to risk.

"How big?" Sufficiently big.

"How much?" Enough.

Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

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the fork proposed is not simply nondeterministic behaviour, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the Bitcoin chain are accepted as valid on both Bitcoin and Gavincoin, but holdings on Gavincoin are rejected by Bitcoin. Consequently, everyone involved with the fork is writing options to everyone in Bitcoin, free of charge.

This is a fight which, BY DESIGN, you Gavinistas cannot win. Poor thing, no wonder it's "doing your head in."

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because of the way Bitcoin is constructed, only the forker chain can take any casualties.

If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything [they invested in it], but Bitcoin holdouts still have all their Bitcoins (some of them also perhaps have some war booty, but that's not guaranteed).

It's really very unilateral (as it should be, incidentally if this weren't the case every John, Dick and Jane would fork Bitcoin every time they got bored).