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If a fork happens, what is the end result for those who hold pre-fork bitcoins? Do they then own a bitcoin on each fork? If so, then I'd assume that the marke
by derekp7 11y ago
If a fork happens, what is the end result for those who hold pre-fork bitcoins? Do they then own a bitcoin on each fork? If so, then I'd assume that the market would then determine the value of each one? This could either cause existing bitcoin holders to have their wealth increase, decrease, or remain the same (depending on the relative market values of both forks).
Then if later on the two forks want to merge, what would be the technical mechanism for this?
- petertodd 11y agoYes, you do hold coins on each side of the fork; there's no plausible technical way of merging the two sides again. Having said that, with sufficient consensus on the hard form, it's likely that the other side would have so few blocks mined as to be worthless and useless; one or the biggest disagreements between the Classic devs and the Core devs is the latter generally advocate much higher miner support thresholds, e.g. my own 99% support vs Gavin's 75% support.