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Topic: net split? what would happend? - page 2. (Read 1453 times)

legendary
Activity: 1792
Merit: 1111
May 28, 2013, 02:38:38 AM
#2
Lets say - China closes bitcoin traffic to outside world, inside china bitcoin would still work (I think?)
and lets say it keeps closed for 2 months and then reopens. What would be the consequences ?


People can double spend bitcoins that received before the split: once in China, once in the rest of the world. When the 2 sub-networks merge, only the transaction in the stronger sub-network (i.e. higher hashing power) will be considered as valid.
newbie
Activity: 29
Merit: 0
May 28, 2013, 02:31:42 AM
#1
Lets say - China closes bitcoin traffic to outside world, inside china bitcoin would still work (I think?)
and lets say it keeps closed for 2 months and then reopens. What would be the consequences ?
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