📅 Original date posted:2015-07-31
📝 Original message:I haven't seen much discussion on this list of what will happen when the
blockchain forks due to larger blocks. I think the debate surrounding this
issue is a storm in a teacup, because transactions on the smaller chain can
and will appear on the bigger chain also. There is nothing tying
transactions to the blocks they appear in.
Miners will migrate to the bigger chain in search of higher profits due to
higher volume of fees. They can also collect the higher fees of the smaller
chain by including into the bigger chain as many as possible of the
transactions from the smaller chain.
To stop this from happening the smaller chain would somehow need to change
the serialized format of their transactions so the signatures would no
longer be valid across chains.
Incidentally I read somewhere that the losing chain would have their coins
sold down. Trying to sell the smaller chain's coins in the short term at
least is not advisable, as those transactions will appear on the bigger
chain too.
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Hector Chu [ARCHIVE] /
npub170…jr45x
2023-06-07 15:44:29
in reply to nevent1q…npz9
Author Public Key
npub170s9de2ganthnna75443h70tnsn2lvmcq5365r0juk8nfa93lthqwjr45xPublished at
2023-06-07 15:44:29Event JSON
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"content": "📅 Original date posted:2015-07-31\n📝 Original message:I haven't seen much discussion on this list of what will happen when the\nblockchain forks due to larger blocks. I think the debate surrounding this\nissue is a storm in a teacup, because transactions on the smaller chain can\nand will appear on the bigger chain also. There is nothing tying\ntransactions to the blocks they appear in.\n\nMiners will migrate to the bigger chain in search of higher profits due to\nhigher volume of fees. They can also collect the higher fees of the smaller\nchain by including into the bigger chain as many as possible of the\ntransactions from the smaller chain.\n\nTo stop this from happening the smaller chain would somehow need to change\nthe serialized format of their transactions so the signatures would no\nlonger be valid across chains.\n\nIncidentally I read somewhere that the losing chain would have their coins\nsold down. Trying to sell the smaller chain's coins in the short term at\nleast is not advisable, as those transactions will appear on the bigger\nchain too.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150801/ada31652/attachment.html\u003e",
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