Re: [bitcoin-dev] New difficulty algorithm part 2

2017-10-12 Thread ZmnSCPxj via bitcoin-dev
Good morning, >ZmnSCPxj wrote: >> Hodlers have much greater power in hardfork situations than miners > >Not when hodlers are more evenly split between coins. Miners will prefer >the coin with higher transaction fees which will erode hodler confidence >via longer delays. This means transaction fees

Re: [bitcoin-dev] New difficulty algorithm needed for SegWit2x fork? (reformatted text)

2017-10-12 Thread Scott Roberts via bitcoin-dev
Since there is no surviving argument in this thread contrary to my original post, I'll begin work on a BIP. ___ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev

Re: [bitcoin-dev] New difficulty algorithm part 2

2017-10-12 Thread Mark Friedenbach via bitcoin-dev
> On Oct 12, 2017, at 3:40 AM, ZmnSCPxj via bitcoin-dev > wrote: > > As most Core developers hodl vast amounts, it is far more likely that any > hardfork that goes against what Core wishes will collapse, simply by Core > developers acting in their capacity as hodlers of Bitcoin, without need

Re: [bitcoin-dev] New difficulty algorithm part 2

2017-10-12 Thread Scott Roberts via bitcoin-dev
ZmnSCPxj wrote: > Thus even if the unwanted chain provides 2 tokens as fee per block, > whereas the wanted chain provides 1 token as fee per block, if the > unwanted chain tokens are valued at 1/4 the wanted chain tokens, miners > will still prefer the wanted chain regardless. This is a good point