Yes but seeing how this isn't about coins as much as it is about transactions. The trxns on the "losing" chain would just from memo/yours will disappear from the "winning" chain
If I understand it correctly, memo and yours writes the transactions in both chains, so nothing can get lost.
Apologies, I didn't explain too well. I understand the hardfork and the changing consensus rules but I question if that will actually result in any hash war.
Every war is bad. Maybe the fork will be cancelled and there will be no war. I hope so.
The transactions are protected for now but the user generated content created after the fork could be on different chains and hence lesser users on each of the chains
Memo runs ABS+SV and mark any tx not valid on both nodes as split. "After the hash battle is over, any split coins on the winning chain are removed from stasis and can be spent."
At the moment, there is shared BCH history and all memo transactions are on the same chain. In the event of a split, which is more than likely, the community will be divided into 2
Wouldn't that destroy memo and Yours unless they started using the SV chain?
I don't like any of the options. Technically, I would move to the "altcoin" of Skycoin, when it's out.
the fork with the minority of hash-power has to create a separate token if they believe in it that much; right now it looks like BCHABC will have the option of splitting off
“Jihan and Bitcoin ABC believe that increasing the blocksize limit will centralize the mining activity because only larger-scale miners will be able to process larger blocks.” Article states. Is it true?
No, that is certainly NOT true at all. Both ABC and BU has larger blocksize (up to 1 Terabyte) as a goal. But first the software must be able to handle it.