Post
Topic
Board Development & Technical Discussion
Re: Wondering out loud: Which should Chinese miners support - Core, Classic or another?
by
watashi-kokoto
on 29/01/2016, 22:51:14 UTC
Reddit poster activity intensifies, these are the major topics:

Classic vaporware - There is no alternative qualified team other than Core.

Hardfork to crash economy - The proposed block size increase hard fork is dangerous for many reasons. Large blocks will be spammed and full from the start.

Hardfork freeze coins - No matter the fork, the weak chain will be destroyed. This means the weak chain coins will become frozen, speculation will be impossible.

Hardfork cause loss of funds - If user pays during a hard fork, the payment can be reorganized and lead to the loss of funds.

Classic cannot VISA Scale - There is no proposal to reach 1000 transactions per second. Currently Bitcoin process 4 tps, Classic offers 8 tps.

Spam and 1MB cap are temporary - Because the "stress test" never ends, so will the blocks be forever full. Spam cannot be detected because wallets are anonymous.

0-confirmations are unsafe - 1% of blocks become orphaned, in this situation even 1-confirmed transaction can be reversed.

All miners mine 1MB now - There is no miner who has the balls to disrespect the Satoshi Nakamoto 1MB rule and mine a large block.

1MB +fee fast confirmation - With proper fees, transactions get confirmed without any delay