[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

bitcoin fun - self destruction?



On Sun, Apr 2, 2017 at 4:23 PM, juan <juan.g71 at gmail.com> wrote:
> https://bitcoinmagazine.com/articles/bitcoin-unlimited-miners-may-be-preparing-51-attack-bitcoin/
>
>         "...Andresen elaborated on what the most effective way to
>         attack the original Bitcoin chain would be..."

Limiting scope to strictly forking...
Absent extreme self-destructive efforts at exclusive purging by expensive
crossreference deep into other now competing and ongoing blockchain forks
of the forebearing parent, user's addresses [keys] will remain valid post
fork into whatever number of forks are made. So long as cryptocurrencies
themselves remain ideal world math economics valid, not depreciatingly fucked
by govts as a whole, what was once 100% in one coin, will end up m + n = 100%
among its forks. No big deal, trade at will. Knowing when, how, and where
to trade, under various market dynamics, is of course always the larger
hurdle, risk, and reward.
Presuming N forks all do well and better in their specific markets, and
don't force you to commit your preexisting addresses to a choice,
you'll profit handily from the split alone.
Worst case across all non-committal forks you'll break even.
In the case of committal, the selection of fates is up to you,
or bugout to other cryptocurrencies or fiat till the dust settles.