Quote from: turvarya on August 20, 2015, 08:04:43 PM

Quote from: keepdoing on August 20, 2015, 07:44:31 PM

Quote from: Chopperman on August 20, 2015, 07:28:29 PM

Quote from: ajas on August 20, 2015, 01:18:05 PM

Something else came to my mind:

If both chains continue to exist, would it be possible to do 'merged mining' on both blockchains,
similar to merged mining of BTC and NMC today ?

No one has answered this. The answer must be yes, it would be possible with a modified client.
Another scenario comes up when you consider the shadow miners, all the at-home ASIC owners who turned off their machines as they lost out to the mega-miners. They'd surely consider turning them back onto mining on the "losing" fork at reduced value, because the difficulty will drop dramatically as well. Shadow miners are mostly from the idealistic phase of Bitcoin, so their incentive to continue on Core if XT wins out will be great.

Both forks continue, one will not die to zero. One may become sub $1 again, but that's OK for some people.

OK - this actually made me think of something I haven't seen elsewhere.....
Let's assume the above scenario does occur - a fork where both chains survive. What happens to the "finite number" of Bitcoin. I mean, say you have 15 million Bitcoin at Zero Hour. Then say XT Fork wins, and the vast majority of Bitcoins choose that chain.

But say 1 Million of those Bitcoin Holders choose the Core Chain. Does that mean that the New Finite number of bitcoins that will ever exist on XT will now be 20 million?

NOTE: I also still can't understand what is going to drive people to stay on Core IF XT Chain wins and takes off. Because in that scenario there is almost a 100% chance that Bitcoin XT will start moving up in value, and Bitcoin-Core will start devaluing massively in the immediate aftermath. I just am trying to imagine sitting there looking at my wallet with a Bitcoin in it, and saying if I take the right hand path I get $200+ and if I go left I get $20 - and then deciding to do the STUPID thing. I mean - why wouldn't I just go to XT for a lot more value, then sell for dollars, then go back and buy TEN (10) Bitcoin-Core (now a minor fork altcoin). I mean - I am thinking that is the path people would take??? I would.

No, it doesn't.
That's like saying "Will LiteCoin reduce the amount of Bitcoin?"
If there is a fork, it doesn't care about the other fork, it's really just as easy as that.

This is right. Don't think of a fork as dividing bitcoin into two pieces. Think of it as creating a parallel universe. (The fiat money invested would divide though.)

jstnrgrs

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