Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 17/01/2016, 18:14:58 UTC
Anything that's not the longest chain is an altcoin.

Actually:

  • The blockchain that you should trust is the valid blockhain that you can get that has the most proof of work.
  • A blockchain is valid if and only if the software you are running says that it is valid.
  • "The bitcoin blockchain" is the blockchain that you call "the bitcoin blockchain".

The question "in a persistent fork of the blockchain, which branch will be the real bitcoin?" is basically a religious question.  You should think about it as you would think of "in a schism of my Church, which side will be the True Church?".