Re:It's Time For a Hard Bitcoin Fork
by im3w1l on Friday June 13, 2014 @04:10PM
(#7890609)
You could theoretically mine your own chain from the genesis block right?
[ Parent
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That won't work due to checkpoints and even if it did work it would be the equivalent of nuking the entire Bitcoin ecosystem.
It would be more profitable to do something like extending the current blockchain but charge 1% transaction fees.
Interesting. For the benefit of others unfamiliar with this.
There is a hardcoded list of checkpoint blocks in the Bitcoin client. Any new chain starting before the last checkpoint will be rejected.
https://bitcoin.stackexchange.com/questions/1061/can-a-51-at... https://bitcoin.stackexchange.com/questions/3114/which-block...
Re:It's Time For a Hard Bitcoin Fork
by TheLoneWolfling on Friday June 13, 2014 @06:02PM
(#7891073)
So in other words if a 51% attack were to mine starting before a checkpoint block, it would end up "just" hard-forking Bitcoin.