The only way Roger can "lose" in this chain split swap is if BU forks with too low hash power.
Well , not exactly. OP believes Core will have economic majority even if the miners disagree.
Roger presumably thinks otherwise.
That maybe what Loaded thinks, but is not true.
As i have shown in my example situation of 99% / 1% hash power. Does Loaded still think he can win?
(i know it
wont happen like that)
If Loaded
is correct, then we don't need miners anymore?
I guess they would need to define what constitutes a network split. Conceivably 1% could keep mining, fork their own PoW to
adjust difficult and and create some kind of peon coin. But even then, who knows, it could get popular later.
I assume a "split" occurring simply because no split would mean no bet would mean no point discussing.
They could do that, and roger has also threatened to fork Bitcoin with a low hash rate.
But the whole security principle of Bitcoin is the hash rate.
1% hash security cannot split away from the 99% hash security, and hold a higher valuation.
Hash power is what makes bitcoin secure and believable and valuable. That is the entire foundation of Bitcoin.
Roger could just buy into that peon coin cheaply, anytime.