Unbreaking testnet4

The conversation touches on the recurrent theme of testnet resets within the cryptocurrency development sphere, bringing to light the misconception around the term "reset." It is clarified that a true reset implies a complete reorganization of the blockchain, which contrasts with the reality where old networks are merely abandoned without any restructuring. This abandonment leads to the creation of new testnets while leaving the previous ones inoperative, lacking sufficient interest or support to maintain them.

Further, the discussion shifts towards the mechanics and implications of introducing a hard fork as a means to fix issues in an existing testnet, likening it to launching a new testnet but with the pre-existing data (or "premine") from the old chain. This approach is critiqued for its potential to merely extend the lifecycle of the current problems rather than addressing them fundamentally. The futuristic idea of using doublings instead of halvings in block rewards is introduced as a solution that could ensure the long-term viability of test networks by theoretically allowing the release of significant amounts of coins per block, hinting at the creation of a 'superchain.'

Trading dynamics surrounding testnets are examined, noting that real trading activity commences only upon the official release of a wallet supporting the testnet. This was observed with testnet4, where mining and trading of new coins were initially confined to developers and technically proficient users until official support made these activities accessible to a wider audience, leading to quick listings on centralized exchanges and the conversion of test coins into Bitcoin.

Finally, the email touches upon a critical point regarding the outcome of continuous resets without addressing underlying issues. It suggests that such practices could inadvertently transform Bitcoin developers into altcoin developers, focusing on creating and abandoning testnets for profit, thereby deviating from the intended purpose of testnets to improve and test blockchain technology. This perspective underscores the need for more sustainable and thoughtful approaches to developing and managing testnets in the crypto ecosystem.