Handling Bitcoin Firewall?

Re:Handling Bitcoin Firewall? by ecesena on Thursday July 01, 2021 @03:55PM (#27703846)

No. The bigger chain will be kept, the other one discarded. There’s no such thing as parallel chains and merge.

This said if you had n btc before firewall, you’ll still have n btc when it reopens.

(note that, as other said, such a firewall may be hard to do.)

[ Parent | on HN ]

Re:Handling Bitcoin Firewall? by ecesena on Friday July 02, 2021 @07:05AM (#27710021)

Did I say something incorrect? (I noticed downvotes.)

I was trying to say that Bitcoin doesn't handle "merge". If 2 chains diverge at some point for whatever reason (in this case a firewall) then the nodes have the incentive to only keep the longest and discard the other one.

Therefore when the firewall disappears, all nodes will continue on the primary chain, with the effect of "discarding" all transactions that happened inside the firewall. And the amount of BTC in the op's wallet would be "reset" at the value it had before the firewall.

[ Parent | on HN ]

Re:Handling Bitcoin Firewall? by trompetenaccoun on Friday July 02, 2021 @05:26PM (#27717106)

This is correct. Maybe people just misunderstood your first post, the way it was written was slightly ambiguous.

[ Parent | on HN ]