Re: [bitcoin-dev] Economic majority vote by splitting coins

2015-08-21 Thread Tier Nolan via bitcoin-dev
On Fri, Aug 21, 2015 at 4:22 AM, odinn wrote: > That's interesting. But in all honesty I don't see most users being > able to pull off what you are describing. The idea assumes that it is a BIP + soft fork. This means that most wallets would support/recognise the encumbered coins. Even if on

Re: [bitcoin-dev] Economic majority vote by splitting coins

2015-08-20 Thread odinn via bitcoin-dev
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 That's interesting. But in all honesty I don't see most users being able to pull off what you are describing. If people don't want XT it isn't going to get used. If they are convinced that it is needed its use will grow but they won't realize how bad

[bitcoin-dev] Economic majority vote by splitting coins

2015-08-20 Thread Tier Nolan via bitcoin-dev
The economic majority is defined as the will of those who actually use Bitcoin as a payment system. No matter what the miners want, if users and merchants refuse to accept their fork, then the fork loses and cannot be considered the "true" bitcoin fork. The problem is that it is easy to measure a