@Peter R apparently doesn't agree the token holders should have any choice in the matter and is apparently willing to attack us to force us to choose BTU:
"The decision will be made by the miners"
That's right Burt, but not nuanced enough
Incorrect.
If we refuse to buy BTU tokens which appear in their blocks, then their mining power is useless if they can't sell their mined tokens. We the token holders can choose to honor 1MB limit protocol.
However, given many users can't get their transactions into 1MB, I would say BTU might win. But I have no confidence in BTU's technical competence, thus I may not want their tokens.
The miners can split between those who honor only 1MB blocks and those who honor larger blocks. Thus the coinbase minted in the BTU protocol are not spendable (do not exist) on the BTC protocol blockchain.
But there is an issue of difficulty attacks:
What I suspect will happen is that we'll eventually get a block larger than 1 MB in the blockchain and Core will adapt their codebase to permit its users track the most-work chain. In other words, there will likely be no split--just an anticlimactic network upgrade to larger blocks. In such a case, who wins the bet? Or is the bet only valid in the case where there is a persistent split?
It's absurd to think that there is not a
single miner who will continue operating under the old network rules -- and that's all that it takes to create a persistent split.
It's seemingly this very lack of critical thought that leads to BU not being able to make even minor changes to the client without introducing bugs and vulnerabilities.
Alright: how about a small side bet for us little fish? I bet you 1 BTC that--should the most-work blockchain include a single block larger than 1 MB--that no minority chain will make it beyond 2100 blocks (~2 weeks and the length of a difficulty adjustment) without either a difficulty reset or a change in the proof-of-work algorithm.
BTU appears to be ready to actually attack we the token holders. Fucking amazing. Very careless. Happy I hedged by selling some BTC.