Topic: what would happen in this particular hardfork scenario? (Read 473 times)
My post was deleted, in mining group.
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Consider this.
Bitcoin is now 8 years old. 10 million people (1 thousandth, or 0.001% of total 10 billion) are in the ecosystem; mining, hoarding (FBI?) and spending. More than, 75% of the bitcoins, 15.75 million BTC would already have been mined.
What would happen if,
We do a hardfork, and devide all Bitcoin balances by 10, and distribute remaining 9X bitcoins (14.175 million) over next 20 years (1,050,000 blocks), 13.5 BTC as additional per block mining bonus, in addition to regular 12.5, 6.25, 3.125, 1.5625 and 0.78125 BTC block rewards.
Of course, BTC exchange will immediately go, 10X as bitcoins in system goes X/10. No one would hurt, as they have 10th of bitcoins and they value 10X more.
We're also introducing some inflation, near term (20 years). Bitcoin Quantitative Easing?
What else could go wrong? Will this generate new interest among then-new miners?
Bitcoin is now 8 years old. 10 million people (1 thousandth, or 0.001% of total 10 billion) are in the ecosystem; mining, hoarding (FBI?) and spending. More than, 75% of the bitcoins, 15.75 million BTC would already have been mined.
What would happen if,
We do a hardfork, and devide all Bitcoin balances by 10, and distribute remaining 9X bitcoins (14.175 million) over next 20 years (1,050,000 blocks), 13.5 BTC as additional per block mining bonus, in addition to regular 12.5, 6.25, 3.125, 1.5625 and 0.78125 BTC block rewards.
Of course, BTC exchange will immediately go, 10X as bitcoins in system goes X/10. No one would hurt, as they have 10th of bitcoins and they value 10X more.
We're also introducing some inflation, near term (20 years). Bitcoin Quantitative Easing?
What else could go wrong? Will this generate new interest among then-new miners?
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