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You would need to find exchanges that recognized the china-coin tokens. 97% of nodes in the bitcoin network currently enforce the same consensus rules. As soo

You would need to find exchanges that recognized the china-coin tokens. 97% of nodes in the bitcoin network currently enforce the same consensus rules. As soon as bitcoin forks, they will no-longer understand, nor view, the tokens in their forked crypto-coin.

iopq 10y ago
Exchanges confirmed they will have BTC-U and BTC-C both available if a hardfork happens. Whichever fork wins in the end will just be bitcoin.
- Frogolocalypse 10y ago
  Some have. No merchants have. So if you pay by bitcoin to bpay, your china-coin isn't going to be recognized. You would need to find exchanges that recognized the china-coin tokens. 97% of nodes in the bitcoin network currently enforce the same consensus rules. As soon as bitcoin forks, they will no-longer understand, nor view, the tokens in their forked crypto-coin. You might, or might not, find someone who is willing to trade with you.
  - iopq 10y ago
    I think it's around 90% use core and 10% use unlimited. There aren't that many full nodes.
    - Frogolocalypse 10y ago
      The only ChinaBU nodes are living on centralized server instances, and none are actually used for bitcoin commerce. The software is unsafe. No exchange, wallet, payment processor, or user, would dare dream of using it. Which is why hundreds can disappear in the space of an hour, and re-appear 12 hours later all at once. But to clear it up, there are thousands of nodes. By some measures, when including non-listening nodes, 10's of thousands.
      - iopq 10y ago
        I'm running a full BTC Unlimited node right now.
        Frogolocalypse 10y ago
        Good for you. Let's hope the chinese exchanges eventually let you trade the china-coin you'll be holding after they fork-off.
- Animats 10y ago
  Both forks may live on. That's what happened with Etherium. Etherium Classic is about $2, and holding relatively steady, with a market cap of $176 million. Forked Etherium (as modded to bail out the DAO) is around $50. (The market cap for Etherium is kind of fake, because the coin generation rate is very fast, and many of those coins are locked up for some period of time.)
  - bhaak 10y ago
    Although the difficulty adjustments in Bitcoin are much slower than in Ethereum. The chain with the smaller hash rate is unlikely to be functional for a long time (unless new miners step up but this would be a tremendous investment). This is by design as this makes it economically unfeasible to fork the chain and suddenly have twice the amount of coins.

iopq 10y ago

Exchanges confirmed they will have BTC-U and BTC-C both available if a hardfork happens. Whichever fork wins in the end will just be bitcoin.

Frogolocalypse 10y ago
Some have. No merchants have. So if you pay by bitcoin to bpay, your china-coin isn't going to be recognized. You would need to find exchanges that recognized the china-coin tokens. 97% of nodes in the bitcoin network currently enforce the same consensus rules. As soon as bitcoin forks, they will no-longer understand, nor view, the tokens in their forked crypto-coin. You might, or might not, find someone who is willing to trade with you.
- iopq 10y ago
  I think it's around 90% use core and 10% use unlimited. There aren't that many full nodes.
  - Frogolocalypse 10y ago
    The only ChinaBU nodes are living on centralized server instances, and none are actually used for bitcoin commerce. The software is unsafe. No exchange, wallet, payment processor, or user, would dare dream of using it. Which is why hundreds can disappear in the space of an hour, and re-appear 12 hours later all at once. But to clear it up, there are thousands of nodes. By some measures, when including non-listening nodes, 10's of thousands.
    - iopq 10y ago
      I'm running a full BTC Unlimited node right now.
      - Frogolocalypse 10y ago
        Good for you. Let's hope the chinese exchanges eventually let you trade the china-coin you'll be holding after they fork-off.
Animats 10y ago
Both forks may live on. That's what happened with Etherium. Etherium Classic is about $2, and holding relatively steady, with a market cap of $176 million. Forked Etherium (as modded to bail out the DAO) is around $50. (The market cap for Etherium is kind of fake, because the coin generation rate is very fast, and many of those coins are locked up for some period of time.)
- bhaak 10y ago
  Although the difficulty adjustments in Bitcoin are much slower than in Ethereum. The chain with the smaller hash rate is unlikely to be functional for a long time (unless new miners step up but this would be a tremendous investment). This is by design as this makes it economically unfeasible to fork the chain and suddenly have twice the amount of coins.