Post
Topic
Board Altcoin Discussion
Re: Restart your Ixcoin client
by
smoothie
on 03/09/2011, 01:24:24 UTC
What would be _PERFECT_ is if ixcoin's original block speed target was at least mostly met for a while. Then (especially uninformed) people would never upgrade. And many ixcoin.2 people would switch back. Then throw as much has as we absolutely can get (Hey, Artforz, want in?) for a couple weeks... get difficulty _WAY_ up, then all abandon simultaneously one block after a difficulty adjustment.

The two block chains would be nearly impossible to reconcile because Thomas made them two different p2p networks and protocol versions. And ixcoin.2 would be mostly abandoned and ixcoin.1 would be retargeting in 2150. Smiley

The old .1 blockchain is useless, wasted resources if you hash on it. You can't stop the new chain to reach block 20055, then the new retargeting gets active. It all depends on the new chain, if exchanges and pools are switching... Mining on the orphan chain won't have any effect on the new one. The people who support the new chain will switch, and this new support will define the value of the new chain...

What defines the value of the chain is the people who mine on it and use it to transact in. Otherwise it is rubbish.