Post
Topic
Board Altcoin Discussion
Re: ETH hardfork incoming.
by
iamnotback
on 20/06/2016, 21:51:42 UTC
If I am a miner, I will support the soft fork and freeze the stolen funds. If the DAO holders offer us 50% of the stolen funds, we will do a hard fork.

If the miners can benefit from the hacking like this and the hacker does not benefit, he may think twice before his next hacking.

Other miners will mine more profitably by accepting his offer and thus have a greater hashrate.

Checkmate. Your vote has been economically overridden.

Andreas and Emin getting frantic and grasping for straws:

https://twitter.com/el33th4xor/status/744769932739624960

Isn't there an inter-fork fungibility issue? He can offer miners "higher" payments, but only using coins on the fork that recognizes his ownership. Depending on market value between the forks miners may still be better off on the other one.

Seems to me that confusion is going to mean an ETH price of less than $0.25 for both forks, so the future relative price of them is not relevant right now.

So it seems this is mostly a shorting game now, to convert your ETH to BTC.

And/or to accumulate more ETH cheaply, in hopes it will someday recover and not go to $0 (i.e. die).