Author: Alex Morcos 2016-02-07 15:06:06
Published on: 2016-02-07T15:06:06+00:00
The email exchange in question discusses the potential risks and uncertainties of a proposed hard fork for Bitcoin. The conversation focuses on the possibility that a minority fork could arise if the Classic hard fork is activated with 75% acceptance, as opposed to a complete switch over. Gavin Andresen states that there would be approximately zero percentage of hash power left on the weaker branch of the fork, based on past soft-fork adoption by miners. However, others argue that there is no way to know for sure what would happen in this situation, and it is important to speak honestly about the uncertainty of the situation. The discussion also touches on the technical parameters of the proposed hard fork, including the length of time given for development work, and the likelihood that Bitcoin Core will come along to pursue a minority fork. Overall, the email exchange highlights the need for open, honest communication within the Bitcoin community regarding any potential changes to the protocol.
Updated on: 2023-06-11T03:42:49.013808+00:00