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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.

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