Is a BTC - BCC flippening in the offing?

Mirimir mirimir at riseup.net
Fri Aug 18 10:56:41 PDT 2017


On 08/18/2017 05:55 AM, Georgi Guninski wrote:
> On Fri, Aug 18, 2017 at 09:29:54AM -0500, Steven Schear wrote:
>> original) and Cash. When the fork happened those holding BTC (in their own
>> wallets) were also able to claim an equal amount of BCC (for free). This
>> created a huge supply of BCC. However, many or most people rarely keep
> 
> Isn't this setting a very dangerous precedent of doubling bitcoin +
> derivatives? One of the things I liked most in the btc design was its
> resemblance of the gold standard -- the maximum amount of btc was known
> and fixed. Now they are violating this by creating "derivatives" out of
> nothing like the fucked up real world financial system. Hypothetically
> if in the future they fork $n$ times, they will increase the amount of
> btc + derivatives by factor of $2^n$.
> 
> Currently I recommend to the btc overlords in future forks to keep the
> amount of btc + derivatives fixed, possibly by choose ``old XOR new
> btc''.

I'm not sure how else a fork could work. I mean, it's a fork in the
blockchain. Initially, it's an exact duplicate. And thereafter, the
blockchains are entirely separate and unrelated. So there's no way to
enforce an XOR choice.



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