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So, there are some caveats here. >>People who haven't traded since the fork haven't lost anything. If it's caught quickly and resolved, only some of the people
by smtddr 13y ago
So, there are some caveats here.
>>People who haven't traded since the fork haven't lost anything. If it's caught quickly and resolved, only some of the people who did trade since the fork lost something.
T̶h̶e̶ ̶p̶e̶o̶p̶l̶e̶ ̶w̶h̶o̶ ̶h̶a̶v̶e̶n̶'̶t̶ ̶t̶r̶a̶d̶e̶d̶ ̶s̶i̶n̶c̶e̶ ̶t̶h̶e̶ ̶f̶o̶r̶k̶ ̶w̶o̶n̶'̶t̶ ̶l̶o̶s̶e̶ ̶a̶n̶y̶t̶h̶i̶n̶g̶ ̶_̶I̶F̶_̶ ̶t̶h̶e̶ ̶f̶o̶r̶k̶ ̶t̶h̶e̶i̶r̶ ̶c̶o̶i̶n̶s̶ ̶a̶r̶e̶ ̶o̶n̶ ̶i̶s̶ ̶t̶h̶e̶ ̶o̶n̶e̶ ̶c̶h̶o̶s̶e̶n̶ ̶a̶s̶ ̶l̶e̶g̶i̶t̶. Also, the people who keep coins in exchanges(against advise to do otherwise), if the exchange is operating on a losing fork... all costumers are kinda screwed.
But you're right that if action is swift enough and some authorative-group of people can say "use this fork and ignore the other two", then minimal damage will be done.
If this is not dealt with early enough.... ever second that goes by all kinds of transactions are taking place and if all major exchanges are not on the same fork, the exchanges running on a losing fork(and all its costumers) are in for some bad times. My guess is they'll probably have to pick the fork that has the most exchanges running on it. Or, if what I've read is correct and Auroracoin is premined... then those premined coins must be rescued.
We'll see in the days to come what ends up happening...
EDIT: To those who replied below me, you're right. If you haven't traded your coins are on all forks.
- LoganCale 13y agoIf someone hasn't traded since the fork, their coins are on both forks and it doesn't matter which fork is chosen.
- ben0x539 13y agoIf they haven't traded, won't their coins be on the common ancestor of either fork?
- sp332 13y agoIf you haven't traded since the fork, then all your transactions are on the, um, "handle" part. Both sides of the fork will have all of your transactions, so they aren't lost.