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by rhn_mk1
1588 days ago
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It's worth noting that if the internet splits up into large pieces, the blockchain splits, and the coins will suddenly lose a lot of their value. That's because there's no telling which fork of the blockchain wins when there's a merge later. Double-spending galore! |
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That's the point of proof of work: longest chain wins.
Yes in a netsplit you can spend on both chains, but you would need access to both chains to do so. And you don't even ever have to merge them again, there could just be AmericanBTC and RussianBTC from here on out.