sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<yanmaani>
So what happened to Bitcoin Cash? Looks like they had a few hours of almost no blocks, then they started again. Altruist miners?
<kanzure>
wrong channel
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<yanmaani>
No, right channel. Mining incentives and such are on-topic, no?
<kanzure>
in this case it's a bit of a stretch; don't we have #bitcoin-forks for fork news?
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<yanmaani>
No, I don't care about the impact on the forks too much. The matter at hand is what it does to Bitcoin mining post-halving.
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<yanmaani>
And with Bitcoin Cash/SV, things went well only because of the weird diff adjustments
<adlai>
yanmaani, http[s]://fork.lol
<adlai>
there are multiminers who do not care about politics, only how large a bank transfer they can make at the end of the week/month/etc
<adlai>
the effect of a bitcoin reward halving is to precisely double one of the factors in a formula that decides what the apolitical miners' work allocators send to the pipelines. that is all.
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<yanmaani>
adlai: Right, but do you see the theoretical problem?
<yanmaani>
If mining is too improfitable, nobody will do it. Then, difficulty won't adjust. Then, it won't be profitable.
<adlai>
how long has it been since your last confirmation?
<adlai>
my personal opinion is that the existence of a vibrant market for keeping the excess sha256d pipelines above room temperature is a good thing, although opinions vary and i am no expert.
<adlai>
in other words, i consider "unforkable bitcoin in a vacuum" less secure than "bitcoin, that has been forked, and has not yet killed all the forks via double-spend attacks"
<adlai>
the proof does not fit within the flood limits of this IRC network.