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100 sats \ 6 replies \ @om 23 Oct 2023 \ on: "If all the people around tells you that you’re drunk - maybe you're just drunk" bitcoin
Even if halvings do promote reorgs I don't care. 21M or go fork yourself. A reorg isn't the end of the world.
reorg[s]isn'taren't the end of the world.
... but the end of Store-of-Value for sure.
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but the end of Store-of-Value for sure.
Says who?
Evidence points to this statement being false. Reorgs happened many time and bitcoin is fine. That's why we wait for 6 confirmations until we consider tx finalized.
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And that's why I'm consistently writing about: the network security regression, and not reorgs. Swap it, then:
Significant and four years long network security regression isn't the end of the world.
Yes, it is.
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It's a bit over my head, but if reorgs become more profitable, would increasing the (AFAIU unofficial) number of confirmations solve the issue (effectively making txs take longer, but growing at a logarithmic rate)?
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Then fork it like BCH did and let the market decide.
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there is no need to
because if the Store-of-Value will collapse - and in the absence of a free market between active and passive participants, it's "not if, but when" - there will be patch available ASAP (and such guys like you will be the most insisting on releasing it... ;)
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