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buttershakes | 8 years ago

This is a great idea. Mostly for the marketing angle, but it also will start to show people what is possible. It's like a taste of a entirely new network, which will have capabilities that we can't even imagine right now. The blockchain space is really hot for a reason, lots of hype, but also lots of promise because it offers a glimpse of systems that will disrupt many entrenched companies.

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moosemeat|8 years ago

Buttershakes, have your thoughts about the bitcoin November HF changed at all since your comments before the Bitcoin Cash fork went down? Would love to hear them. Have read that thread several times. So much drama, but I can't see a way where the majority fork won't just simply obliterate the minority fork.

buttershakes|8 years ago

Yeah I've given it more thought. It really all comes down to mining power. Right now a lot of miners are signalling for segwit2X. If they end up committing their resources to it and the companies in the ecosystem do also, then the minority fork will be Bitcoin core. At least until such time as they merge back in. There is way too much drama around this entire thing, but that is what happens when you have billions of dollars on the line and a huge ideological and corporate divide.

Bitcoin is about the proof-of-work, everything else is really secondary in the structure. It's too easy to spawn nodes for them to have much economic power in the system. If the companies and wallets support 2X then we will see it rapidly become the dominant chain. It ain't over till it's over and nobody is going down without a fight, I expect in the extreme case Bitcoin core will switch proof-of-work and claim to be the "real" Bitcoin if the miners abandon them.