Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Wexlike
on 16/08/2015, 23:22:40 UTC
Quote from: iCEBREAKER on August 16, 2015, 11:15:20 PM
Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

Quote
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).

Just incredible how much crap an early adopter can write. He just writes like an angry internet troll. His posts contain mostly personal attacks.