From: Mike Hearn <mike@plan99•net>
To: Chun Wang <1240902@gmail•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Fwd: Block Size Increase Requirements
Date: Mon, 1 Jun 2015 15:21:39 +0200 [thread overview]
Message-ID: <CANEZrP097saSOQAqKF=P+xe-Q0Jeq7H-Q6_FYKweygALRkw1bg@mail.gmail.com> (raw)
In-Reply-To: <CAFzgq-ykeMeWF-ndgSm9upHTe8j6ZFYhBQjFs_WSz1oVd29j7g@mail.gmail.com>
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>
> Ignorant. You seem do not understand the current situation. We
> suffered from orphans a lot when we started in 2013. It is now your
> turn.
Then please enlighten me. You're unable to download block templates from a
trusted node outside of the country because the bandwidth requirements are
too high? Or due to some other problem?
With respect to "now it's your turn". Let's imagine the hard fork goes
ahead. Let us assume that almost all exchanges, payment processors and
other businesses go with larger blocks, but Chinese miners do not.
Then you will mine coins that will not be recognised on trading platforms
and cannot be sold. Your losses will be much larger than from orphans.
This can happen *even* if Chinese miners who can't/won't scale up are >50%
hashrate. SPV clients would need a forced checkpoint, which would be messy
and undesirable, but it's technically feasible. The smaller side of the
chain would cease to exist from the perspective of people actually trading
coins.
If your internet connectivity situation is really so poor that you cannot
handle one or two megabits out of the country then you're hanging on by
your fingernails anyway: your connection to the main internet could become
completely unusable at any time. If that's really the case, it seems to me
that Chinese Bitcoin is unsustainable and what you really need is a
China-specific alt coin that can run entirely within the Chinese internet.
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next prev parent reply other threads:[~2015-06-01 13:21 UTC|newest]
Thread overview: 73+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-05-07 22:02 [Bitcoin-development] " Matt Corallo
2015-05-07 23:24 ` Joseph Poon
2015-05-08 0:05 ` Peter Todd
2015-05-08 6:33 ` Arkady
2015-05-08 10:03 ` Mike Hearn
2015-05-08 16:37 ` Peter Todd
2015-05-08 19:47 ` Tier Nolan
2015-05-09 3:08 ` Peter Todd
2015-05-16 4:39 ` Stephen
2015-05-16 11:29 ` Tier Nolan
2015-05-16 11:25 ` Tier Nolan
2015-05-29 22:36 ` Gavin Andresen
2015-05-29 23:25 ` Matt Corallo
[not found] ` <CABsx9T3__mHZ_kseRg-w-x2=8v78QJLhe+BWPezv+hpbFCufpw@mail.gmail.com>
2015-05-30 19:32 ` Matt Corallo
2015-05-30 20:37 ` Gavin Andresen
2015-05-31 14:46 ` Jorge Timón
2015-05-31 14:49 ` Gavin Andresen
2015-05-31 14:59 ` Jorge Timón
2015-05-31 15:08 ` Gavin Andresen
2015-05-31 15:45 ` Jorge Timón
2015-05-29 23:42 ` Chun Wang
2015-05-30 13:57 ` Gavin Andresen
2015-05-30 14:08 ` Pindar Wong
2015-05-30 22:05 ` Alex Mizrahi
2015-05-30 23:16 ` Brian Hoffman
2015-05-31 0:13 ` Alex Mizrahi
2015-05-31 5:05 ` gb
[not found] ` <CAFzgq-z5WCznGhbOexS0XESNGAVauw45ewEV-1eMij7yDT61=Q@mail.gmail.com>
2015-05-31 1:31 ` [Bitcoin-development] Fwd: " Chun Wang
2015-05-31 2:20 ` Pindar Wong
2015-05-31 12:40 ` Gavin Andresen
2015-05-31 13:45 ` Alex Mizrahi
2015-05-31 14:54 ` Gavin Andresen
2015-05-31 22:55 ` Alex Mizrahi
2015-05-31 23:23 ` Ricardo Filipe
2015-05-31 23:40 ` Pindar Wong
2015-05-31 23:58 ` Ricardo Filipe
2015-06-01 0:03 ` Pindar Wong
2015-06-01 7:57 ` Alex Mizrahi
2015-06-01 10:13 ` Mike Hearn
2015-06-01 10:42 ` Pindar Wong
2015-06-01 11:26 ` Peter Todd
2015-06-01 12:19 ` Pindar Wong
2015-06-01 11:02 ` Chun Wang
2015-06-01 11:09 ` Pindar Wong
2015-06-01 11:20 ` Chun Wang
2015-06-01 13:59 ` Gavin Andresen
2015-06-01 14:08 ` Chun Wang
2015-06-01 15:33 ` Mike Hearn
2015-06-01 16:06 ` Ángel José Riesgo
2015-06-01 14:46 ` Oliver Egginger
2015-06-01 14:48 ` Chun Wang
2015-06-01 16:43 ` Yifu Guo
2015-06-01 20:01 ` Roy Badami
2015-06-01 20:15 ` Roy Badami
2015-06-01 13:21 ` Mike Hearn [this message]
2015-06-01 12:29 ` Warren Togami Jr.
2015-06-01 13:15 ` Gavin Andresen
2015-05-31 12:52 ` Gavin Andresen
2015-05-31 13:31 ` [Bitcoin-development] [Bulk] " gb
2015-05-31 19:49 ` Gavin Andresen
2015-05-31 14:17 ` [Bitcoin-development] " Dave Hudson
2015-05-31 14:34 ` Yifu Guo
2015-05-31 14:47 ` Gavin Andresen
2015-05-31 7:05 ` [Bitcoin-development] " Peter Todd
2015-05-31 12:51 ` Gavin Andresen
2015-06-01 11:12 [Bitcoin-development] Fwd: " Thy Shizzle
2015-06-01 13:06 Thy Shizzle
2015-06-01 18:19 ` Warren Togami Jr.
2015-06-01 18:30 ` Mike Hearn
2015-06-01 18:44 ` Adam Back
2015-06-01 19:23 ` Btc Drak
2015-06-01 21:32 Thy Shizzle
2015-06-01 22:13 ` Pindar Wong
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