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I think you're misunderstanding the situation the article is describing then. In that unlikely but possible scenario: Your wallet would have received coins on
by moduspol 9y ago
I think you're misunderstanding the situation the article is describing then.
In that unlikely but possible scenario: Your wallet would have received coins on Chain A, but the majority of the network now favors Chain B and as a result is ignoring Chain A.
You still have the private key to coins and can spend them on Chain A. It's just problematic because they're on a chain fewer people value. Fewer, but not zero. They will still have some value, just less, and will be able to be sold out of band for coins on Chain B if desired.
This has already happened with Ethereum [1]. Each chain has its own exchange rate.
> Even a turd of a currency like ZWD won't materially vanish. You just have to spend it as quickly as possibly after you receive it, while it still holds value.
The ZWD's rate of inflation was at one point at 79,600,000,000% [2]. We are getting pretty abstract if we're going to debate how close that is to materially vanishing.
[1] http://www.coindesk.com/ethereum-classic-explained-blockchain/ http://www.coindesk.com/ethereum-classic-explained-blockchai...
[2] https://en.wikipedia.org/wiki/Zimbabwean_dollar#Withdrawal_of_the_Zimbabwean_Dollar https://en.wikipedia.org/wiki/Zimbabwean_dollar#Withdrawal_o...
- GenericsMotors 9y agoWorthless as they may be, they are already collectors items. Who's going to care about a failed chain's unspent coins in 50 years time? Also, you can use ZWD notes as kindling. :)