Post
Topic
Board Pools
Re: [25+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈
by
Sr.Urbanist
on 19/03/2017, 22:35:05 UTC
If BU occurs at the ridiculous level some people are suggesting, 51%, then your wallet will be the last thing you'd have to worry about, coz BTC price will fall badly on both sides of the fork (worse than it has already)

It basically means that you can turn the "21 Billion Bitcoins EVER" to 42 Billion.  If that happens, then there goes the gold comparison and everyone will question the entire value.  It's not that it would be value-less, but the value could take years to recover with transactions showing on both chains.  

What needs to happen is for proper transition from one protocol to the next using 95% as core does (yes they do some things right Tongue)

That's obvious, but do you think some of the larger Chinese corporations would try to deflate the price (and entire BTC economy) for perceived competitive advantage in the long?  Why would anybody want to move away ...?


we all need to hope that no one is stupid enough to force a fork at 50% ...

If it happens at 50% then your probably best to stop using your Bitcoins until the problems die down and there's a definite winner.

That's my plan. I'd like to start mining some AltCoins now but don't know much about any but ETH.


Edit: 'sources' say BU requires 75% for 2 weeks, so I guess all the talk around about lower %s is probably trying to scare people into making decisions.
But anyway, if BU ever does reach 75%, that means you should have 2 weeks to sort things out.
... and the 2 weeks is probably 2016 blocks, which if there is a fork of any sort would mean more than 2 weeks.

Good info.  I agree.  There will be a lot of pressure on pools and miners supporting those pools to either switch or 'cause' the fork.  I just want Bitcoin to keep working.  Transactions backlog every-so-often, but I don't think it's time for changes.