4 ms·
I believe the new network could choose to accept the old coins so you wouldn't have to start from scratch.
by chwahoo 15y ago
I believe the new network could choose to accept the old coins so you wouldn't have to start from scratch.
- IgorPartola 15y agoIf you had the "old" coins, would you want to spend them in the "new" network where their value is much lower?
- euccastro 15y agoThe coins are copied. You could spend them in both networks independently.
- IgorPartola 15y agoAh, so you are saying that I can use the same coin twice: once on each network. Basically, as long as the networks keep splitting the coins can be re-used. However, this would devalue the coin, independently of whether the new networks introduce further inflation. This seems undesirable to most people on all the networks: if by splitting I can still only buy 10 cups of coffee with my bitcoins, just now it's more of a pain because I have to remember through which network to use it, I wouldn't want to do it.
- euccastro 15y agoIf someone started a new Bitcoin-like currency they should start from a blank slate. Cloning the network chains would be confusing and frivolous at best.