That means there will be one or more hard fork clients which will spin-off the existing Bitcoin chain to present on-chain scaling solutions (bigger blocks and whatever other features they may deem able to "sell" to Bitcoin users)We are a group of Bitcoin users forking Bitcoin back to its original vision of scaling on-chain to the world; with or without miner majority.
Thanks for reply freetrader.hi rizlarolla,
we acknowledge that a fork that wishes to compete with the main chain needs to reset difficulty to low, at least in the initial phase.
If difficulty is reduced, I cannot see how it can be anything but an altcoin.Is this just another [altcoin / pump and dump]? No! First of all this is not an altcoin; it is a Bitcoin implementation that forks from the main chain, preserving the same UTXO set, genesis block, and blockchain up to a certain height. While some may redefine the word "altcoin" to include any forks of the main chain outside the de facto reference implementation, we do not agree with this disingenuous use of the term. https://bitcoinforks.org/
A hard fork using lower difficulty is not hard to do. It is very simple. Anyone could hardfork in that way.But a hard fork is hard? A hard fork is hard but necessary. After the first fork is executed, we expect the ecosystem of tools surrounding the management of forks to become increasingly robust, supporting future forks in a far more seamless and low-effort fashion. https://bitcoinforks.org/
I think difficutly is just one property which a hardfork CAN change. In your definition its also not really possible to change the PoW mechanism with a hardfork.If difficulty is reduced, I cannot see how it can be anything but an altcoin.
Of course a hard fork CAN change anything. That is part of the reason "forking" with almost no hash power is valueless. (everything would be changed by everyone who knows better!)I think difficutly is just one property which a hardfork CAN change. In your definition its also not really possible to change the PoW mechanism with a hardfork. I would be interested to know what people like Gavin or Mike think about this. Maybe they would be on board.If difficulty is reduced, I cannot see how it can be anything but an altcoin.
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