29 May '17, 5pm

"Bitcoin, UASF and Skin in the Game".

"Bitcoin, UASF and Skin in the Game".

The first is that if enough users buy coins on the UASF chain, they can make even a minority fork succeed by giving it more economic value than the other chain. Indeed, that is the power users have , to buy and sell the currency. The hope is that by giving the UASF chain more value, they can create incentives for miners to mine more on their chain and eventually overtake the other chain in length. At this point, without a permanent fork , the other chain would disappear in a really large reorg. In this way, the proponents of BIP-148 believe the users would show everyone who’s boss and bring the miners to heel.

Full article: https:[email protected]/bitcoin-uasf-and-skin-in-th...

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