Without enforcement liquidity will diverge. On Mon, Jan 22, 2018 at 1:46 PM, Chaofan Li via bitcoin-dev < [email protected]> wrote:
> Hi ZmnSCPxj > > I dont think they need to be ENFORCED to be worth the same. > If the two chains’ algorithms are the same , except some identifiers (eg. > btc.0 btc.1）, they have no reason to have different value. If so, the > market will adjust the value. > > Also, the total supply can be the same. The amount in blockchains is just > some numbers. The wallet can display correct amount, according to the > identifiers. > > The voluntary split is also backward compatible with old version > transactions, they can be treated as tx for both chains and included in > both chains later. For new version Tx after fork, some identifiers must be > added , to mark the tx is for that chain only. The miners need to choose > one chain to mine. > > After several voluntary splits , the Blockchain basically become a > blocktree, new blocks are added to the leaves(eg. btc.00 btc.01 btc.10 > btc.11 ), providing even more capacity. > > Chaofan > > > On Mon, Jan 22, 2018 at 5:13 AM ZmnSCPxj <[email protected]> wrote: > >> Good morning Chaofan Li, >> >> What enforces that bitcoin A is worth the same as bitcoin B? Or are they >> allowed to eventually diverge in price? If they diverge in price, how is >> that different from the current situation with Bitcoin, BCash, Bitcoin >> Gold, Bitcoin Hardfork-of-the-week, and so on? >> >> Regards, >> ZmnSCPxj >> >> >> Sent with ProtonMail <https://protonmail.com> Secure Email. >> >> -------- Original Message -------- >> On January 17, 2018 3:55 PM, Chaofan Li via bitcoin-dev < >> [email protected]> wrote: >> >> >> >> Here I propose a simple method to solve the scalability issue of >> blockchain. >> It is more like a financial trick rather than a technical solution. >> >> The technical part is very simple: >> Split ( hard fork ) the blockchain into two or more blockchains (e.g. two >> blockchain A and B), voluntarily. >> The two blockchains are the same except for some identifiers to >> distinguish the two blockchains. >> The coins on one blockchains cannot be sent to the other one or >> interfered by the other blockchain ( considering so many hard forks in the >> last year, the replay protection should work in this situation) >> Everyone get double bitcoins. Each has half value of original one >> bitcoin. >> Then, we have two almost same blockchains and the capacity of the >> original blockchain is doubled theoretically. >> When sending coin, the wallet should select one blockchain randomly and >> try to send through only one blockchain (If there is enough bitcoins) >> I think it is a possible solution, if the community realize no >> previously owned asset value is lost. >> >> The method is inspired by the stock split >> <https://en.wikipedia.org/wiki/Stock_split>. >> When a stock share is split, for example into two shares, the price >> halves. >> The market capitalization remains the same. >> There is no dilution of every shareholders' total assets. >> >> The bitcoin often emphasizes that the total coin supply should not be >> changed. >> If the total supply increases, the value of a single coin will be diluted. >> That is true. >> However, the bad part of inflation of fiat money is not diluted value of >> every unit of fiat money caused by total supply increase. >> The problem is the increased supply is not delivered to everyone >> proportional to their previously owned money. >> The increased supply is released through debt expansion. >> The people that can borrow more money with low interest ratio (during QE, >> it was nearly 0) can invest and get profit. >> Or they don't even need to pay back the debt. The debt is left to >> government, which might never pay back the debt, and some get more money >> from government. >> Others' money are diluted. >> >> With voluntary split of bitcoin, dilution of anyone's bitcoin assets >> won't happen. >> >> >> >> >> >> >> > _______________________________________________ > bitcoin-dev mailing list > [email protected] > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > >
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