Re: Why not treat Core/Blockstream Lightning/Segwit like an Alt?
in the post from like an hour ago which u revised
I posted and ran to the store, returned, and revised.When it posted, I noticed you answered even though before I started
your comment was not there.
Quote
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.
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 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
still too early to tell
If a handful of non-mining nodes are still active, that does not count toward chain status.
In the event we are talking about, there must be some miners. If there is 1 miner/pool with
a "reasonable" amount of hash power, where that single miner has the ability to mine till a
difficultly adjustment within the next year or so, then it is still alive. The question then comes
down to whether they can afford to do so. The answer is very likely that they can not and as
such, the minority chain will die. If it takes that single miner 500 years to get to the difficultly
adjustment, even though the whole community likely left them behind, that chain survives and
will work its way out of the "difficulty snare".
Bitcoin versus Altcoin status can not be determined on "longest chain/most work" because one
day that could be used against the community in an obviously malicious way, IMO.
i think im going to drive your mind crazy now..
sorry in advance5% of pool consensus of blocks does not mean 5% hashpower.
5% of pool consensus of blocks does not mean 20x longer to make a block once going at it with 95% less competition...
save re-writing it
the maths does not work that linearly.
EG if there are 4 pools of equal hash. it does not mean take one away and the time moves to 20 minutes.
because the competition may have only been only seconds behind getting their own solution.
bitcoins are not mined based on the combined hashpower of the network.
each pool makes their own effort. and the "75%" [others] mentioned [as threshold] is not 1 pools.
here this image will make it a bit clearer
as you can see 75% of blocks is just HALF the network hashrate in this example,(top half of image) but the block
timings still are reasonable whichever way you play it(bottom half when they have split)
EG if there are 4 pools of equal hash. it does not mean take one away and the time moves to 20 minutes.
because the competition may have only been only seconds behind getting their own solution.
bitcoins are not mined based on the combined hashpower of the network.
each pool makes their own effort. and the "75%" [others] mentioned [as threshold] is not 1 pools.
here this image will make it a bit clearer
as you can see 75% of blocks is just HALF the network hashrate in this example,(top half of image) but the block
timings still are reasonable whichever way you play it(bottom half when they have split)
ok im gonna take a break.. (brain switched off in 3.2.1)