Quote from: cellard on July 21, 2017, 03:30:48 PM

Quote from: deisik on July 20, 2017, 04:36:30 PM

Quote from: cellard on July 20, 2017, 02:54:30 PM

Quote from: deisik on July 19, 2017, 05:36:35 PM

Why do you care for things which are utterly inconsequential?

As to me, we should care about what they can and are actually going to do to the original blockchain. Why doesn't anyone ask this question? If they are attack Bitcoin under whatever name, the outcome will be essentially the same, and it won't be good for Bitcoin given their hashrates. This is what I've been telling all this time, and this is the most dangerous thing that might come out of the current showdown. Or do you really think they are going to coexist with Bitcoin peacefully? That seems next to impossible to me. The whole shebang is designed to kill or, at least, heavily hurt Bitcoin. Am I paranoid, or am I not enough paranoid?

Just look at ETH/ETC, both coins can co-exist. Jihan isn't going to attack anything because nobody is going to follow his altcoin, he will not have enough hashrate to attack without lossing a lot of money.

There will be no hardfork anyway, I was just asking a theoretical question about who get to keep the BTC token in the case of a theoretical hardfork ETH/ETC style.

I don't think that we should look at the ETH and ETC coins

Today it is a completely different situation. The Ethereum fork was kind of spontaneous, a totally unexpected event even by those behind it. This is not the case with Bitcoin now. Further, what is this Bitcoin Cash if not a fork by any metric? If they take the existing blockchain and clone it, this is pretty much it. And in that very case the attack is inevitable, otherwise the whole idea is stillborn. Apart from that, how do you know that Jihan doesn't have enough hash rate? He might have been silently assembling a ruthless army of the top-notch asics all these months to crush Bitcoin with just one sweeping blow

Doesn't matter. Whales have more BTC than Jihan. In a hardfork, you vote with your BTC, not with hashrate. If they are stupid enough to hardfork the approval of the whales, then the whales will jump on BitmainCoin's chain, creating a massive crash, potentially selling the entire orderbook all the way down to 0, so they would need to move their hashrate back to the legacy chain. You can't hardfork Bitcoin just because you got miners.

Not to mention, who would be stupid enough to be on a blockchain that is basically centralized with Jihan's hashrate?

The current blockchain is only slightly less centralized

Apart from that, most people basically don't care whether Bitcoin is centralized or not. All they care for are profits and nothing else but profits. If Jihan in some ingenious way makes them choose between losing the value of the coins on the "regular" blockchain and acquiring that value on his blockchain, they won't think twice (you can be dead sure of that). Further, what makes you think, first, that Jihan and his goons (who are collectively known as the mining cartel) have less coins than some obscure "whales", and, second, that some of these whales (say, Roger Ver) won't in fact prefer JihanCoin?