Do you understand now why I say this gets complicated fast?

Yeeesss!! I'm very confused, even after reading this excellent rundown twice.

The dumper ends up with nothing, neither the 100 non-BIP110 coins from the trade which were wiped out, nor the 1000 BIP110 coins which they traded away. The capital required to attempt the wipeout is refunded by the wipeout itself. The scenario is also reinforcing. The more miners that do this, the less risk it is for the next miner to do the same, and it only takes one wipeout for every such miner on the BIP110 side to profit.

So it could avalanche? Crowded theatre and small doors, etc

bitcoin

The Messy Middle: Or What Actually Happens if BIP110 Splits the Chain

jimmysong

> Do you understand now why I say this gets complicated fast? 

Yeeesss!! I'm very confused, even after reading this excellent rundown twice. 

--- 

> The dumper ends up with nothing, neither the 100 non-BIP110 coins from the trade which were wiped out, nor the 1000 BIP110 coins which they traded away. The capital required to attempt the wipeout is refunded by the wipeout itself. The scenario is also reinforcing. The more miners that do this, the less risk it is for the next miner to do the same, and it only takes one wipeout for every such miner on the BIP110 side to profit.

So it could avalanche? Crowded theatre and small doors, etc