Re:Update for Customers with Bitcoin Stored on GDAX
by Animats on Monday March 20, 2017 @02:13AM
(#13912129)
Both forks may live on. That's what happened with Etherium. Etherium Classic is about $2, and holding relatively steady, with a market cap of $176 million. Forked Etherium (as modded to bail out the DAO) is around $50. (The market cap for Etherium is kind of fake, because the coin generation rate is very fast, and many of those coins are locked up for some period of time.)
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Re:Update for Customers with Bitcoin Stored on GDAX
by bhaak on Monday March 20, 2017 @09:45AM
(#13914122)
Although the difficulty adjustments in Bitcoin are much slower than in Ethereum.
The chain with the smaller hash rate is unlikely to be functional for a long time (unless new miners step up but this would be a tremendous investment).
This is by design as this makes it economically unfeasible to fork the chain and suddenly have twice the amount of coins.