Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id C7AA5932 for ; Thu, 26 Jan 2017 15:58:37 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-pf0-f177.google.com (mail-pf0-f177.google.com [209.85.192.177]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 34337192 for ; Thu, 26 Jan 2017 15:58:37 +0000 (UTC) Received: by mail-pf0-f177.google.com with SMTP id f144so66234589pfa.2 for ; Thu, 26 Jan 2017 07:58:37 -0800 (PST) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=thinlink-com.20150623.gappssmtp.com; s=20150623; h=subject:to:references:from:message-id:date:user-agent:mime-version :in-reply-to:content-transfer-encoding; bh=0cBYT0S3jVeUwrAWNRyKbiBXaBa0xn/WI0Xem9I9+r8=; b=XboVKBlOPu0d7dP2Cd9I7SVS6fbmOTitEbfa5/dDIrS5CRsfAZlx6Bss3WTD6GL8G8 XmgY/i+3I65ad0VKOMRTU6ieU+GWCHg94qZlZAPhLDbTsNEGNXt7VDACFPcBmjxCdQab EKBYciGh240jblda9dNCJm0uhEJL4r9eRZnSsLZ2Ogrx6xddcUCOtu9wgLs3AYc7nKdB tDbGiCxv8v4qFurEI0zv5qbZZnsgtu22nvogD20bfA1PhocfLFLIazdndI6OGSfdfsd1 1XLyBRvyiiJOqfO0iw3z8zAtVk6jdlLqf/AqIqXg6UBNhRGcvw2up4X115BOrrdh+SMk 6lzA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:subject:to:references:from:message-id:date :user-agent:mime-version:in-reply-to:content-transfer-encoding; bh=0cBYT0S3jVeUwrAWNRyKbiBXaBa0xn/WI0Xem9I9+r8=; b=HvFkadFX3FLshg92uqQ2kZBUyae3s6NY5PAuTDlSAt8sOJCX2NkUow5i+Is8vVwLrH PMqilLolrrYYkHwztwJqrax98y/Io0aR7SFj+BuBydJCAp1mZqpV5kEmDc1Bj3VYKjrf sKSw2jL8KXFfDaSTktwcz6bF+31cxt2PZkjbd7SOQNhuU8WNck7USqPcJog36hwUYxoq pQGqZZBedwzFMlBqp6e6WrVJZIWX6u5nk8/wj9n526GGWp0DL/dnPT30Y35NYzeEJWoF b6g2tJq6mdnTnIRCQOAhL3fTrkAfUMHHtMFD8hWzu0Gad2Jullfj3dRT5tTvuYTPJHb0 m9iw== X-Gm-Message-State: AIkVDXJeef6Gk4D7KP0KVHPzy8XFAhg05+fdoLSlhkDTip2k9dY7tHbKDpKNP1Hf+5oQrM1X X-Received: by 10.99.8.194 with SMTP id 185mr4013731pgi.76.1485446316310; Thu, 26 Jan 2017 07:58:36 -0800 (PST) Received: from [10.199.6.91] ([12.219.129.12]) by smtp.gmail.com with ESMTPSA id r78sm4491389pfe.55.2017.01.26.07.58.34 for (version=TLS1_2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128); Thu, 26 Jan 2017 07:58:34 -0800 (PST) To: bitcoin-dev@lists.linuxfoundation.org References: <93ac7433-470c-d59e-e085-29f0f1613676@mattcorallo.com> <7AF0AA6D-C144-4D0C-B5FC-0BC2C79C0D26@xbt.hk> From: Tom Harding Message-ID: <369b781f-065f-9a1d-a3d7-e98a6fe7f4f6@thinlink.com> Date: Thu, 26 Jan 2017 07:58:23 -0800 User-Agent: Mozilla/5.0 (Windows NT 10.0; WOW64; rv:45.0) Gecko/20100101 Thunderbird/45.6.0 MIME-Version: 1.0 In-Reply-To: <7AF0AA6D-C144-4D0C-B5FC-0BC2C79C0D26@xbt.hk> Content-Type: text/plain; charset=utf-8; format=flowed Content-Transfer-Encoding: 7bit X-Spam-Status: No, score=-1.9 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID,RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org X-Mailman-Approved-At: Thu, 26 Jan 2017 16:00:30 +0000 Subject: Re: [bitcoin-dev] Anti-transaction replay in a hardfork X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 26 Jan 2017 15:58:37 -0000 Even more to the point, new post- fork coins are fork-specific. The longer both forks persist, the more transactions become unavoidably fork-specific through the mixing in of these coins. Any attempt to maximize replay will become less effective with time. The rationality of actors in this situation essentially defines the limited solution that is possible. Upgraded software can create transactions guaranteed not to execute to one fork or the other, or that is not prevented from execution on either fork. I see no downside to this, and the advantage is that markets can be much less chaotic. In fact exchanges will be much better off if they require that post-fork trading, deposits and withdrawals are exclusively chain-specific, which will also result in well determined prices for the two currencies. None of this precludes the possibility of further forks on either side, and the difficulty consideration alone suggests a likely counter-fork by (part of) the existing network. On 1/26/2017 1:20 AM, Johnson Lau via bitcoin-dev wrote: > Not to mention that mining is a random process, and the hashing power is going up and down.