I'm talking about a fork where you keep both sides of the split and blocks on either side are incompatible. You can do this with any percentage of miners. Not just 51% or more. If users decide to value one coin more, that coin will automatically attract more miners.In theory you only need 51%. But miners do have to be on board to at least some extent, obviously, as they're the ones making the blocks.Can you imagine hard forking XT before there is a super majority of miners for it and letting the market decide which coin they value more?
I'm replying to this on the thread because the answer is boring: no I haven't. If you could summarise it and how it relates to Bitcoin, I'm sure that'd be interesting for all of us.Have you read John Nash's "Ideal Money"?
John Nash spent the last 20 years of his life giving the extensive argument that the keynesian era of targeting inflation through money printing will asymptotically fall to the advent of a politically neutral money in the form of a stably issued supply. He goes over the history of money standards and relates them to the economic circumstances of their time. He defines what ideal money would be and relates the concept of gresham's law throughout the known history of man. He suggests money should be thought of as a telecommunications and that we can use science and reason to extrapolate what the future of money should be based on the history and evolution of it.I'm replying to this on the thread because the answer is boring: no I haven't. If you could summarise it and how it relates to Bitcoin, I'm sure that'd be interesting for all of us.Have you read John Nash's "Ideal Money"?
Hi Mike,Could you answer the question from this video: https://www.youtube.com/watch?v=uHXfEJD6DUk
Why do we hire Bitcoin?
I saw that video, it was by Trace Mayer. He was saying we need people to hire Bitcoin, and he said the value/price of Bitcoin correlates with how many fees people are willing to pay. So in order to raise the price he was suggesting we need to get people willing to pay fees. He was coming out against a blocksize increase saying it was not that important, and we can work on other things that will make people hire bitcoin and pay fees. I was pretty skeptical of what he was saying. I think too high of a fee would be bad because part of the appeal of Bitcoin is that its cheap to use. People will be more likely to buy Bitcoin if fees are low, resulting in higher price. But Trace was saying its good to have high fees instead. It didn't make much sense to me. He was totally missing the importance of a blocksize increase.Hey Jordan,
I skipped that question because I didn't understand it. What does "to hire bitcoin" mean? I didn't watch the video as it's over 40 minutes long. Please rephrase your question. Thanks!
For reference, the article provided me with some great details.If you mean practical details, it's on the website: https://bitcoinxt.software/
If you mean the higher level story, you can read my article "Why is Bitcoin forking?" https://medium.com/@octskyward/why-is-b ... 47312d22c1
It's quite an interesting and subtle question, though it's a strange (economic theory) way to phrase it. Trace explained it to Gavin, Greg & myself over supper in Montreal.Hey Jordan,
I skipped that question because I didn't understand it. What does "to hire bitcoin" mean? I didn't watch the video as it's over 40 minutes long. Please rephrase your question. Thanks!
maybe Roger Ver would be a good person for that. you can PM him.Hello, I am a host for a anarchist radio program and I would like to know If you (or anyone knowledgeable) would be willing to share an hour or two discussing Bitcoin. I think establishing methods of FREEtrade is essential. Basically, the radio program is made for people who already understand there's something wrong with this world, but are looking for solutions that we ourselves can incorporate that do not involve government.
thanks a lot,
Kalki
Hi Mike and welcome ,
lets assume that there will be a blocksize solution in december or january and XT will never gain enough traction.
What are your plans in that scenario? Will you stay in the bitcoin ecosphere? Will you participape in the bitcoin development?
Thanks
LCG
"I am going to whine like a baby, jump ship, whine some more"Hi Mike and welcome ,
lets assume that there will be a blocksize solution in december or january and XT will never gain enough traction.
What are your plans in that scenario? Will you stay in the bitcoin ecosphere? Will you participape in the bitcoin development?
Thanks
LCG
Now is know his plans
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