in the post from like an hour ago which u revised
Very high consensus can't make two surviving chains.
actually it can.
an altcoin can be made by just 1 node deciding it wll do its own thing if it wanted to.
an altcoin can be made by majority banning and splitting that last 5% minority will do its own thing if it wanted to.
an altcoin can be made by the last 5% minority banning and splitting themselves do its own thing if it wanted to.
but then that minority have to ask themselves is there a good enough reason to try keeping it going.
(so many scenarios running through my mind.. kinda hard to summarise it all)
a few things we are sure of
1. BU and other lik minded peers wont trigger unless safe majority of node and pool (no threats, no time bombs, no blackmails. just plod along and let nature handle it)
2, core will have the triggers, time bombs and threats and could trigger while things are contentious, forcing the issue or at consensus. but its core rocking the boat more than anything else
still too early to tell
I do not agree. I think an altcoin is always an altcoin until there is one chain.
If there is a bilateral split, the spiting chain will always be an altcoin since that
breaks the Consensus Mechanisms.
So, if both chains survive in a non-bilateral situation, the determination of altcoin
status can not be determined. I think one must die to truly determine who is
the "Bitcoin". If an implementation wishes to be the "new protocol" the old must
die, it can not be "the most hash currently". It must be finalized in general and
for the economies.
its not a simpl "hash wins"
it is about nodes, network confidence of majority nodes and also which merchants allow deposits of it.
funny part is..
by the exchanges saying they will accept bu (and if controversially call it BTU/BCU or consensus call it bitcoin and segwit BCC/SWcoin)
they are actually helping BU and other dynamics to be accepted as "the bitcoin" in a majority event
remember BU wont trigger itself unless it it has the 3.. hash, nodes and merchants.
other matter is.
BU is just one implementation. if a base blocksize limit movement trigger does occur. many implementations(classlic xt) would work with it.
core is just one implementation. if a segwit block trigger does occur. many implementations(btcc, knots) would work with it.
so its not strictly a BU event or a BU chain.. its more of a
dynamic peer vs segwit tier
rather than
bu vs core
but thats just confusing the matters more.