Topic: So the destruction of Bitcoin is now official? - page 2. (Read 6089 times)

in the current scenario litecoin is a safe haven if the sky does fall for bitcoin over this fork.

Does it mean I can double spend?.  I will sell my Gavincoin (old bitcoin) in the GAvincoin chain and my old bitcoin is still in the bitcoin chain.  So I can spend that old bitcoin again?

LTC will just follow BTC.

If Gavin launches his altcoin forked from Bitcoin, everyone who currently has Bitcoin will have the same number of Gavincoin. When his altcoin fades into obscurity, the original Bitcoins will still exist. Shortly after launch you may be able to sell your Gavincoins in exchange for extra real Bitcoins (or vice versa, if you think the altcoin will 'win') before the price drops significantly. But that's a gamble. It's safest just to hold both until you see which is going to 'win'.

Remember guys...  Safehaven coin = LTC.  See you there when the madness really starts.

If Gavin launches his altcoin forked from Bitcoin, everyone who currently has Bitcoin will have the same number of Gavincoin. When his altcoin fades into obscurity, the original Bitcoins will still exist. Shortly after launch you may be able to sell your Gavincoins in exchange for extra real Bitcoins (or vice versa, if you think the altcoin will 'win') before the price drops significantly. But that's a gamble. It's safest just to hold both until you see which is going to 'win'.

LTC will just follow BTC.

What do other people think?


If we can't come to an agreement soon, then I'll ask for help
reviewing/submitting patches to Mike's Bitcoin-Xt project that implement a
big increase now that grows over time so we may never have to go through
all this rancor and debate again.

I'll then ask for help lobbying the merchant services and exchanges and
hosted wallet companies and other bitcoind-using-infrastructure companies
(and anybody who agrees with me that we need bigger blocks sooner rather
than later) to run Bitcoin-Xt instead of Bitcoin Core, and state that they
are running it. We'll be able to see uptake on the network by monitoring
client versions.

Perhaps by the time that happens there will be consensus bigger blocks are
needed sooner rather than later; if so, great! The early deployment will
just serve as early testing, and all of the software already deployed will
ready for bigger blocks.

But if there is still no consensus among developers but the "bigger blocks
now" movement is successful, I'll ask for help getting big miners to do the
same, and use the soft-fork block version voting mechanism to (hopefully)
get a majority and then a super-majority willing to produce bigger blocks.
The purpose of that process is to prove to any doubters that they'd better
start supporting bigger blocks or they'll be left behind, and to give them
a chance to upgrade before that happens.


Because if we can't come to consensus here, the ultimate authority for
determining consensus is what code the majority of merchants and exchanges
and miners are running.


--
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Gavin Andresen

Remember guys...  Safehaven coin = LTC.  See you there when the madness really starts.

Everyone, hurry up and buy the last coin before the fork happens, after the fork you have 50% chance end up buying the wrong coin

This is so risky, if one of the chain will be abbandone you will lose all your coin   and this why all the community is worried (it is only a question of money, and it is really a tall order for gavin).