How hard is it to mergemine?
I dont think miners will have to choose.
How hard is it to choose not to go bankrupt? I dont think many businesses will drop one coin over the other, they will just pretend they are both normal bitcoins. we will just have some growing percentage of bitcoins that are split and thus dramatically increasing the coin supply. not overnight, but over a period of 6 months, we will probably get to where the majority of dualcoins are split, just via normal transactions tainting the dualcoins into two.
I think they can not mergemine since they are mining on different chain by that time
The coins are doubled, however the ecosystem can not double over night, if suddenly the money supply increased by 100% but there is no increased demand, we will get a zimbabwe coin
Isnt NMC mergemined with BTC since they both use SHA256?
isnt NMC a different chain than BTC?
Mergemining is to just use the same calcs you use as you are randomly searching for the winning hash against multiple chains. The extra overhead of adding another chain is much less than double, so you basically get to mint extra coins for very little extra work.
Based on this, the whole XT controversy could well be something FULLY backed by the miners
Follow the money
Due to the inertia of markets, this creates non-attack methods of double spending that isnt really double spending because we are all knowing that there will be two flavors of bitcoin. so by following the protocol, we can split our bitcoins. by knowing that markets dont do discontinuities, we can protect against the massive drop in BTC price this whole inventory explosion will create.
Do you really believe that the BTC whales wont take the time to split their dualcoins? And then they wont bother to make a ton of money by trading both coins?
James