BTC network split

So let's say for whatever reason the BTC network gets split down the middle of the planet.
All the nodes and miners on each side continue operation independent of the other.
How are the two chains resolved?

Attached: split.jpg (400x375, 62.38K)

how would you tell if a transaction came from one network or the other?

Now we're asking the real questions. I'm interested in this.

I don't know what I'm talking about but I assume they will split into two BTC chains both seeing a 50% drop in connected nodes, both probably be working fine with different transactions until they are reconnected. That's when the chaos happens.

Exactly.
Is this a potential vector of attack whereby the network could be endlessly forked into chaos?

so are we to believe that due to pure chance, the gossip protocol worked out in a way where two node subnetworks were screened from each other?

What you're describing is a fork

because in that case if miners of the subnetworks discover each other again, they will simply start building on the longest chain (whichever subnetwork has it) and the split will be resolved

Someone give a solid answer to this plz

this thread has convinced me that this board is full of literal sub-80 IQ retards

When the firewall is disabled and communication is restored the Chinese chain will have more work since they have the most hashpower and all the blocks in the Western chain will be reorged away as a result, China will use this opportunity to double-spend the West into bankruptcy thereby establishing the One World Government

Correct. But one that wasn't intended. Perhaps triggered by a disruption to intercontinental communications.

If the chains were separated for a few days, the transaction on the shorter chain would be void?

Both chains fork and you end up having coins on both.

The very definition of "the blockchain" is that the longest chain will always be dominant, meaning both sides would have to compare and then migrate accordingly.

Attached: Blockchain.png (102x271, 249)

exactly.

Let's assume though a bug by, idk, transatlantic latency, nodes on one hemisphere cannot connect to nodes on the other.
The miners in each hemisphere would work on their respective chains, and eventually both sides mine their first blocks. At this point it's a hard fork.
Assuming we still have normal internet connection to communicate, the community names one chain "Bitcoin" and the other "Bitcoin West". That's right, because 65% of hashrate is in China alone, the US side will be the fork.
Immediately, hashrate on the west side comes to a screeching halt. Western miners don't want to waste energy mining a chain that won't prevail, and they can't connect to chinese infrastructure to mine for the more powerful chain, so they either wait it out or mine something else in the meantime.
A good chunk of the tx in the mempool at the time the connection is severed will be confirmed in both chains. The chains will never "merge" back together, but when both chains become visible to each other again (some sort of hotfix), the western chain will simply get tossed and fade into obscurity, as implementations typically prefer the longest chain.
What China does with such a huge advantage in hashrate during the split is something I can't even imagine.

intelligence agencies or independent miners would detect the firewall and inform governments what is happening, crashing the price of BTC because no one would trust the Western subnetwork

double spend becomes ineffective and the chinese miners lose all their btc capital as well as mining equipment capital since the price of that plummets too.

to surmise, a double spend attack would require china to spend BTC (for, say, USD) on the western subnetwork while retaining those same BTC on the Chinese one

but if the west is informed about the situation in time no one will exchange USD for the compromised western BTC. So China cannot profit.

what's more the reputation of BTC will be badly damaged and the Chinese subnetwork will suffer as well, making the whole affair a bad move for China since they are more highly invested in miners

The international political dynamic is what I was wondering about. You're theory on the West's reaction is probably accurate.

It does seem that although the ability to fork could be manoeuvred into a vulnerability.
If continents were somehow siloed for a few days, the network is fractured forever - without double spend being necessary.

If the chinks stop BTC communication by turning on the firewall (they can and will) BTC would fork into two chains - a western chain and a chink chain
when communication is reestablished the chinks will have a longer chain since they have more hash power so their chain would become BTC and all transactions in the western chain during the disconnection would be null and void
meaning BTC would effectively become worthless during the disconnection and likely afterwards as well since no one would trust it anymore

with this being said I am still impossibly bullish on BTC and think we will see $100k long before the chinks destroy BTC (on accident or on purpose)

If the planet gets split in half we would have some other problems too...

Based

no the longest chain is the true one. please reread the thread

Sell signal, shoeshine boys are back.

Yes, the longest chain continues as the dominant ledger.
However just today we had volume of $50,000,000,000.
In the event a fracture taking place today we would now have $25 billion in transactions to resolve.
What is the plan for that?

it's in the thread
done spoonfeeding

>when communication is reestablished the chinks will have a longer chain since they have more hash power
no

yes, they will
difficulty doesn’t change fast enough to offset the chinks superior hash rate

Are you sure the chains won't try to reconnect as soon as they could?
I don't know what I'm talking about again, but isn't a hard fork given some kind of unique identifier? An address or cryptographic key proving it's a different chain, whilst in this hypothetical scenario both chains would share the same "key" and try to reconnect and reorg accordingly?

Maybe that's what you said in essence already, or not. I'm not sure, but it doesn't become a fork just like that?

Okay, so theres no plan.
If a split happened today, the economy would have to take a $25 billion hit tomorrow for goods and services paid with voided transactions.

>doesn't understand the answers from some random user in his thread
>OK SO THERE'S NO PLAN

Attached: 1572563651255.jpg (221x228, 17.33K)

5% of the internet goes through satellite dumbfuck. No more porno until more satellites are built, but with how little traffic on the network there is BTC would be fine.