Even more to the point, new post- fork coins are fork-specific. The longer both forks persist, the more transactions become unavoidably fork-specific through the mixing in of these coins. Any attempt to maximize replay will become less effective with time.

The rationality of actors in this situation essentially defines the limited solution that is possible. Upgraded software can create transactions guaranteed not to execute to one fork or the other, or that is not prevented from execution on either fork. I see no downside to this, and the advantage is that markets can be much less chaotic. In fact exchanges will be much better off if they require that post-fork trading, deposits and withdrawals are exclusively chain-specific, which will also result in well determined prices for the two currencies.

None of this precludes the possibility of further forks on either side, and the difficulty consideration alone suggests a likely counter-fork by (part of) the existing network.


On 1/26/2017 1:20 AM, Johnson Lau via bitcoin-dev wrote:
Not to mention that mining is a random process, and the hashing power is going 
up and down.

_______________________________________________
bitcoin-dev mailing list
bitcoin-dev@lists.linuxfoundation.org
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev

Reply via email to