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What if the pro-fork community wanted to buy their way to the raised thresholds? So we're at what, 0.9 Exahash?[1] Say you want to force the change. You'd nee

What if the pro-fork community wanted to buy their way to the raised thresholds? So we're at what, 0.9 Exahash?[1] Say you want to force the change. You'd need to add three times that, or 2.7 EHash/s.[1] Let's say you buy a ton of AntMiners to cover that, at 3.3 GHash/s/$.[2] So that's a paltry, what... $820 Million? Less if you just buy the factory in Shenzhen. Basically just one winning Powerball ticket though. [1] http://bitcoin.sipa.be/ http://bitcoin.sipa.be/ [2] https://en.bitcoin.it/wiki/Mining_hardware_comparison#cite_note-AntMinerS5Plus-7 https://en.bitcoin.it/wiki/Mining_hardware_comparison#cite_n... Caveat emptor: my ability to eyeball math in the peta-exa-yotta range is spotty at best. These results may be off by a factor of... any factor.

TD-Linux 11y ago
You can't actually just buy your way to the raised thresholds. Blocks greater than 1MB are invalid according to the current Bitcoin Core consensus rules, and will be rejected.
- brownbat 11y ago
  You mean they'll be rejected by the minority of miners who voted no? Because if so, it sounds like you can buy your way to raised thresholds. EDIT: Oh, I see... Can you really call it a main branch if you just added all the capacity that is immediately forked? Or is it really just an independent unrelated project at that point? Let me lay those semantic issues to rest by noting that my original post was not in any way a serious proposal. I was just thinking through the implications of a few individuals with fiat over the voting.
  - deleted 11y ago
    [deleted]
  - TD-Linux 11y ago
    Yeah, the questions in regard to post-hardfork haven't been definitively answered yet because Bitcoin has never intentionally hardforked before. It has done once in the past due to a software error [1], and it was nearly a disaster but luckily all the right people were online and quickly decided which fork to keep. [1] https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0050.mediawi...

TD-Linux 11y ago

You can't actually just buy your way to the raised thresholds. Blocks greater than 1MB are invalid according to the current Bitcoin Core consensus rules, and will be rejected.

brownbat 11y ago
You mean they'll be rejected by the minority of miners who voted no? Because if so, it sounds like you can buy your way to raised thresholds. EDIT: Oh, I see... Can you really call it a main branch if you just added all the capacity that is immediately forked? Or is it really just an independent unrelated project at that point? Let me lay those semantic issues to rest by noting that my original post was not in any way a serious proposal. I was just thinking through the implications of a few individuals with fiat over the voting.
- deleted 11y ago
  [deleted]
- TD-Linux 11y ago
  Yeah, the questions in regard to post-hardfork haven't been definitively answered yet because Bitcoin has never intentionally hardforked before. It has done once in the past due to a software error [1], and it was nearly a disaster but luckily all the right people were online and quickly decided which fork to keep. [1] https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0050.mediawi...