Quote from: testerx on March 19, 2017, 10:49:21 PM

Reading this garbage gives me a headache, I'm not sure the OP has any idea how Bitcoin or hard forks even work based on the ridiculousness of their suggestion.

If it hard forks it hard forks, at this point I think it might be the best thing for all involved-we'll get rid of the uncertainty and then the two chains can fight it out to see which one is the one that is truly supported. And all current bitcoin holders will get to have bitcoin on both chains as long as replay protection is implemented. Then over time it'll sort itself out much like how Ethereum's hard fork was sorted out. Frankly all the fighting and attacks have lead us to a point where we might as well just fork and see which implementation really has the support of people.

Indeed, that would be the simplest thing to do, except for a few reasons:

1) those capable of forking (miners) don't really want to fork. BU is bluff to keep segwit away.

2) the nasty clunky old-fashioned 2000 block difficulty adaptation in bitcoin. Unless the fork changes that too, you cannot afford to have a serious fall in hash rate. If you are the minority, with, say, 20% of miners on your side, each block will take 50 minutes instead of 10 minutes (5 times less hash rate for same difficulty that gave 10 minutes before), and you will have to do this for 2 - 3 months before difficulty is adapted: by that time, your chain is dead, customers voting for it or not in the market: you have no room on the chain, and the whole point was to have bigger blocks ! If you have only 10% of the miners, you will have a block every 2 hours, and it will take half a year to change that.

3) the bitcoin brand name is all bitcoin still has. "being an alt coin" is a horrible idea for bitcoiners.

Quote

The only real downside is that the whole "21 million" bitcoin limit is going to go out the window if people see that we can end up creating multiple chains.

That was already the case when the first altcoin was made. It is a stupid idea that sold very well though. If one would have kept the block chain rewards constant, with constant additive, and diminishing relative inflation, all of this fee war wouldn't have happened.