27 Jul '16, 8pm

Lessons for Bitcoin from the Ethereum debacle:

The statements simplifying the situation are still stupid. If similar scenario would have happened with bitcoin, with the initial hash rate distribution we would have been waiting 7 hours for the first block in the losing chain. This would create very different environment for using the old chain, doing replay attacks etc. Also the comparison is stupid for other reasons as well. The ethereum hard fork was done for very dubious reasons and had to be done within 5 days preparation time (because the hacker DAO funds were timelocked). It is quite a stupid to assume that other hard forks would be be planned and executed in such a fashion. And ethereum blockchain itself is about one year old... If we are nitpicking, the statement is true that hard fork will always result to there being multiple chains. But the harms of the many chains wouldn't be in any way comparable to the cur...

Full article: https://www.reddit.com/r/Bitcoin/comments/4ut7pv/a_lot_of...

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