[Cryptography] Satoshi's Trump Card

grarpamp grarpamp at gmail.com
Sat Jul 1 02:19:12 PDT 2017

On Fri, Jun 30, 2017 at 9:40 AM, Erik Granger <erikgranger at gmail.com> wrote:
> That seems like a losing battle, if he decides to transflood the chain,
> can't the fork simply ignore that chain?

No idea what that means. Anyway...

Keys (UTXO / addrs) from parent inherit spendably into both forks (cross
referencing to forks to determine their spent status before spending
is ridiculous overhead and won't be done, other dynamics take over, and
no one cares).

> Also, the more he does this,  the
> more money he loses to trx fees, so wouldn't he just be throwing money in
> the garbage

No. Only a moron would waste their entire nut, so
$2.5B - $5M for lifelong living expenses = ...

> and exacerbating the blockspace shortage, by doing so?

... = $2.495B = a lot. Which can flood everyone else that can't
pay rising tx out, killing the coin and lofting their chosen survivor.
= $10/tx * 100tps = 30day fragfest

Ironic that blocksize >>> current, is easy way to absorb.

> It seems
> that if he did that, it would congest blocks massively, and as a result
> encourage adoption of any disagreeable fork that provides larger block
> sizes.

As before, rich activsts will have two chains to play in...
one to support, one to kill. Multiple competing actors could
cancel each other out yielding a net chaos depression for a while.

Decentralized DC blockchain is new money paradigm, users lilypads
will change, and are responsible to choose own path to success.
Adopters should know this going in.
Otherwise stay in their comfy fiat, while it lasts (as some predict).

Govt's may own bulk coin too, in addition to cheaper ways.
Wasn't there recent a post on how blockchain = NSA = Satoshi = BTC?

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