/biz/ - Business & Finance

>$58

>>11840839
>let's centralize at layer 0 because corecucks centralize at layer 1

based and redpilled

Based and redpilled.

>it's the spam bot again


Here's a daily reminder for you bagholders.

>>9709623
It is, but cashies have an incentive to ignore the obvious and pass this scammer as satoshi.

>>9684055
See pic related.

>>9672827
Yes.

>>9037146
this

yes

>>8996596
>Miners decide

No, they do not. The miners make some minor decisions in BTC, but major decisions such as block forks are not at their disposition alone, and this for excellent reasons you'll readily understand if you stop and think about it.

There are two specific methods to control miners on this matter, which will make the scamcoin Gavin is trying to replace everyone's BTC with only replace some people's BTC. The first and most obvious is that irrespective of what miners mine, each single full node will reject illegal blocks. This is a fact. If all the miners out there suddenly quit Bitcon and go mine Keiser's Aurora scamcoin instead, from the perspective of the BTC network hash rate simply dropped and that's all. There's absolutely no difference between Keiser's scamcoin and Gavin's scamcoin as far as the network is concerned. As far as anyone will be able to perceive, miners simply left.

The second and perhaps not as obvious has nevertheless been discussed at length on multiple occasions:

Whoever has enough money to matter is likely to pick one chain for whatever reason, since fork means BTC can be spent independently on either chain he will sell his BTC on one and perhaps buy on the other. As a result prices will rapidly diverge, panicking the mass of users, and the fork is economically resolved.

The situation here is aggravated by the fact that the fork proposed is not simply nondeterministic behaviour, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the BTC chain are accepted as valid on both BTC and Gavincoin, but holdings on Gavincoin are rejected by BTC. Consequently, everyone involved with the fork is writing options to everyone in BTC, free of charge. That they have no ready way to finance these should be obvious, and consequently the grim prospects of the Gavin side of the fork should be just as obvious. At least, to people who understand economy to any degree.

>>8986939
Irrespective of what LN is or will be, your shitcoin will not take over.

>>8792574
>>8792598
Go to bed, Roger.

Daily reminder for cashies.

>>7715651

>>7474069
Pedolik Retardin is not an authority.

Szabo on the other hand, is.