Tom [ARCHIVE] on Nostr: 📅 Original date posted:2016-05-12 📝 Original message:On Wednesday 11 May 2016 ...

📅 Original date posted:2016-05-12
📝 Original message:On Wednesday 11 May 2016 22:58:48 Gregory Maxwell via bitcoin-dev wrote:
> On Wed, May 11, 2016 at 10:42 PM, Timo Hanke via bitcoin-dev
>
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > This is what I meant. If existing hardware gets forked-out it will
> > inevitably lead to the creation of an altcoin. Simply because the hardware
> > exists and can't be used for anything else both chains will survive. I was
> > only comparing the situation to a contentious hardfork that does not fork
> > out any hardware. If the latter one is suspected to lead to the permanent
> > existence of two chains then a hardfork that forks out hardware is even
> > more likely to do so (I claim it's guaranteed).
>
> There are already many altcoins out there, we could not prevent that
> even if we wanted to. New ones are created all the time.

Comparing apples and oranges.

Altcoins have their own genesis block, the example Timo was talking about was
a fork in the Bitcoin blockchain.

But its good to know you don't mind a fork in the Bitcoin chain, I'll remember
that.