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Realistically, what will happen if mining power moves to an alternative chain but Bitcoins are still what is traded at exchanges, is that miners will move back
by xorcist 9y ago
Realistically, what will happen if mining power moves to an alternative chain but Bitcoins are still what is traded at exchanges, is that miners will move back very quickly. The first one to move will gain the most economically, so game theory dictates the move back will be swift.
In the end, miners mine what people buy. It's that simple.
Any speculation as to what happens if all miners move as one, motivated by ideology instead of economics, is just that.
- Laforet 9y agoMining is centralised enough that large voting blocks already exist, so there is no telling right now which side will win. If the ETH/ETC split is anything to go by, both chaons will survive but only one is going to suceed