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So if 100% of Bitcoin users can’t reach consensus, Bitcoin is worthless? The important question is how large the fraction is that wants to split off. There will
by runeks 9y ago
So if 100% of Bitcoin users can’t reach consensus, Bitcoin is worthless? The important question is how large the fraction is that wants to split off. There will always be some level of disagreement.
Also, importantly, how long do the forks last? Bitcoin Cash has only existed for little over a month as of now. If it dies off (price drops to zero) within a couple of years, it will be clear that forks of that nature doesn’t affect Bitcoin in the long run.
- cornedor 9y agoIf id were to use Bitcoin as my primary way to receive/pay money, but don't enough about it to understand the difference between the forks. Where do I store my loan? How can I be sure that some fork that happened 2 weeks ago wont become the main chain and thus my loan will be worthless in a few more weeks? This has to be made more clear for the "normal every day" user in order to make it really work, if you look at /r/Bitcoin and /r/btc, there is so much difference in their ideas.