Re: [Guide] Surviving the fork, or How to double your bitcoins (or save fiat)

Guys, the fork will NOT create two independently usable altcoins -- even if the blockchain splits into two branches that survive long enough to play with.

Some clever bitcoin hackers may be able to create transactions that are valid on only one chosen branch. However, most transactions issued by typical users will be executed in both chains;. Thus they will not be able to "see" the two altcoins. When one of those transactions, by accident, turns out to be valid for only one chain, the client will either not notice ever, or will get confused, and maybe end up with his wallet in an inconsistent state, maybe even lose coins.

Therefore, there will not be a functioning market for both versions; it would only cater for those clever hackers. Malicious hackers may be able to exploit the confusion of some ordinary clients to do double spends; but payment processors and exchanges will almost certainly deal with just one "bitcoin", the one with mining majority.

instantly the moment of the fork?
across all vendors across the entire world?
what if they are sleeping?

Oh for crying out loud..... this is a complete and utter Cluster F#

when the majority of bitcoin core devs all work for the same profit based company, well it is not surprising that making profits for that company trumps other things

In my experience it is impossible to coordinate the actions of much more than half a dozen people, especially when they are all over the world, even when they all want to do the same thing.

So how on earth with thousands or hundreds of thousands of people all do the same thing at the same exact moment, especially when a significant minority is disagreeing

I dont know the stats on the last bitcoin hardfork and how long it took for "everyone" to upgrade, but my guess is that it took a bit more than 10 minutes

James