Topic: Hard Fork speculation thread - page 4. (Read 3459 times)

several day latter proposal ETF to SEC rejected not aprove
but this thread discussion about hard fork not ETF

op not write about ETF

To be honest the miners would be crazy to try it out - the'd lose so much. But watching how the debates escalate does not bring much confidence in the maturity of all participants.

This is why I was 100% positive for a ETF aproval.
I knew that if ETF gets declined we will go for a HARD FORK.
And we all know that Hard Fork means that BTC value will drop below $800, even $200.

hard forks are inevitable in all projects. codes update and we move forward.

and just FYI a hard for has already happened in bitcoin at least once before.


people will spread FUD about "hard fork" and there may be some dumps to manipulate the weak hands into selling their coins cheap to the whales, nothing new!

only time will tell. they have gotten one big mining pool but there is still a very long way to go!

ethereum didn't fork it split.

after DAO crap, the developer come to a consensus with his whale friends (less than 5% of those who are involved with ethereum) and since they have lost money they decided to cut their losses by doing a roll back and since the other 95% weren't even involved in this, obviously after the "roll back fork" a very large percentage remained on the old chain and called themselves classic.

it had nothing to do with either forking nor ETH being experimental!


the way I see it is that there is no danger of a BU fork. the danger is in forking without consensus.
if miners don't want BU, and if nodes don't want BU then the fork is dangerous and from what I have read, nobody wants that.

A hard fork will happen sooner or later so let's prepare our trading strategies for it.

What would be the impact of HF on the price?

How probable is the BU hard fork?

As to the first question - I think the impact will be huge - much bigger than the impact was at the ETH/ETC split, because ETH was much more experimental at the point of the split so people were prepared for weird stuff going on. But also because ETH had the means to stop transaction replay from one fork to the other - and that can really bring much chaos into the network. It works this way - let's say you have some old BTC which after the fork becomes a pair BTC+BTCBU,   you pay for something with BTCBU - and then the receiver of your funds replays your payment on the BTC network to get your BTC as well. As far as I know ETH because of the rich programming environment had ways to stop this - but BTC does not.

In the case of ETH/ETC split there was such a strong consensus that there was practically no battle about who gets the name Ethereum - but if for example the Chinese miners make a BU fork - than this will not be so simple. The longer the battle the more price impact.

The 11/12 March 2013 HF
It was very quick to resolve - one branch was just abandoned - so the impact was very short lived.

As to how probable is the immediate danger of a BU fork - I have no idea.

Update: https://www.cryptocoinsnews.com/antpool-founder-will-switch-entire-pool-bitcoin-unlimited/