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Title: If bitcoin forks to XT, the price will start declining Post by: Habeler876 on August 15, 2015, 10:11:47 PM There's little chance that the eventual forking will have impact on the price, and i believe that (atleast for a certain period of time) it will be negative one.
The main reason for my concern is the timeframe between the time that XT activates, and >1mb block makes chains different, and the time services and exchanges find a solution to this issue. Title: Re: If bitcoin forks to XT, the price will start declining Post by: randy8777 on August 15, 2015, 10:43:16 PM there might be a short time of panic by people, but that might only be if certain things don't go right at the first moment. we don't know that, but it is also possible that it doesn't even have a slight impact on the price.
Title: Re: If bitcoin forks to XT, the price will start declining Post by: kwukduck on August 16, 2015, 01:39:45 AM It's not just the panicing traders we should be worried about. The entire ecosystem will lay in ruins!
Title: Re: If bitcoin forks to XT, the price will start declining Post by: montreal on August 16, 2015, 03:12:03 AM it won't take much to shake some
Title: Re: If bitcoin forks to XT, the price will start declining Post by: n2004al on August 16, 2015, 03:40:23 AM There's little chance that the eventual forking will have impact on the price, and i believe that (atleast for a certain period of time) it will be negative one. The main reason for my concern is the timeframe between the time that XT activates, and >1mb block makes chains different, and the time services and exchanges find a solution to this issue. I don't think that the fork with affect the price of bitcoin. The are to many other factors that will affect this but not the fork. the fork will disappear to fast to be remembered and everything will be only story. To be told when it will be another fork. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Enjorlas on August 16, 2015, 08:24:24 AM It's affecting the price even now. We already dropped to $257 from a stable week of $267.
Title: Re: If bitcoin forks to XT, the price will start declining Post by: hendra147 on August 16, 2015, 08:35:58 AM how if price bitcoin strong and comeback to 1000$ ?
This is satosi nakamoto coin and he want to give revolution Title: Re: If bitcoin forks to XT, the price will start declining Post by: smoothie on August 16, 2015, 08:39:07 AM Naturally I can see the price going down or stagnating until the dust settles.
But in the long run I see more strength in bitcoin than ever. Title: Re: If bitcoin forks to XT, the price will start declining Post by: btccashacc on August 16, 2015, 08:40:38 AM Naturally I can see the price going down or stagnating until the dust settles. But in the long run I see more strength in bitcoin than ever. any chance bitcoin will be dead ? Title: Re: If bitcoin forks to XT, the price will start declining Post by: smoothie on August 16, 2015, 08:41:25 AM Naturally I can see the price going down or stagnating until the dust settles. But in the long run I see more strength in bitcoin than ever. any chance bitcoin will be dead ? yes it will die ::) Title: Re: If bitcoin forks to XT, the price will start declining Post by: Melbustus on August 16, 2015, 08:45:13 AM Naturally I can see the price going down or stagnating until the dust settles. But in the long run I see more strength in bitcoin than ever. Yeah, once this is successfully resolved in favor of more adoption and scaling, I think there'll be a significant confidence boost. Title: Re: If bitcoin forks to XT, the price will start declining Post by: ajareselde on August 16, 2015, 08:49:17 AM It's affecting the price even now. We already dropped to $257 from a stable week of $267. The real drop will probably happen like per op, when/if the chains actually split, for now they're identical. Imagine the drama when/if someone sends coin from core to service on xt after the split, and it never confirms.. No doubt it will be fixed, but for a certain period, it will be interesting.. imho sell now, and rebuy @ 220-230 under 3 months from now, easy 15% profit. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Admiral_Bit on August 16, 2015, 09:06:31 AM It's affecting the price even now. We already dropped to $257 from a stable week of $267. The real drop will probably happen like per op, when/if the chains actually split, for now they're identical. Imagine the drama when/if someone sends coin from core to service on xt after the split, and it never confirms.. No doubt it will be fixed, but for a certain period, it will be interesting.. imho sell now, and rebuy @ 220-230 under 3 months from now, easy 15% profit. The problem of your post is, that you are 100% correct.... We all know, that Bitcoin is going to loose a fair amount of its value during the coming fork. There is no reason to not sell BTC now (at least if you are not a hc hodler..). I belive in bitcoin but still, now is the time to sell... Title: Re: If bitcoin forks to XT, the price will start declining Post by: lottery248 on August 16, 2015, 09:21:31 AM probably if less people to use the full node wallets.
once 51% attacks happened, bitcoin would be declined and so the cryptographical currencies. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Hyena on August 16, 2015, 10:19:00 AM WTF is this (http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html)?
Did the real Satoshi just speak? It didn't sound like Satoshi Nakamoto. Rather an imposter if you asked me. Title: Re: If bitcoin forks to XT, the price will start declining Post by: ajareselde on August 16, 2015, 10:23:49 AM The problem of your post is, that you are 100% correct.... We all know, that Bitcoin is going to loose a fair amount of its value during the coming fork. There is no reason to not sell BTC now (at least if you are not a hc hodler..). I belive in bitcoin but still, now is the time to sell... I believe in bitcoin as well, and the price will rebound for sure. I'm just saying that there's money to be made from this transition WTF is this (http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html)? Did the real Satoshi just speak? It didn't sound like Satoshi Nakamoto. Rather an imposter if you asked me. No, it's not him. There are several topics about this. The mail used was in fact used by satoshi before, but was proven to be compromised later on. With no PGP, there's zero reason to trust that statement to have come from satoshi, although the conposition of the post sure is nice. cheers Title: Re: If bitcoin forks to XT, the price will start declining Post by: BldSwtTrs on August 16, 2015, 10:27:24 AM The problem of your post is, that you are 100% correct.... We all know, that Bitcoin is going to loose a fair amount of its value during the coming fork. There is no reason to not sell BTC now (at least if you are not a hc hodler..). I belive in bitcoin but still, now is the time to sell... I believe in bitcoin as well, and the price will rebound for sure. I'm just saying that there's money to be made from this transition WTF is this (http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html)? Did the real Satoshi just speak? It didn't sound like Satoshi Nakamoto. Rather an imposter if you asked me. No, it's not him. There are several topics about this. The mail used was in fact used by satoshi before, but was proven to be compromised later on. With no PGP, there's zero reason to trust that statement to have come from satoshi, although the conposition of the post sure is nice. cheers Regarding the PGP signature: -He has never signed anything -His argument within the mail is against populism tactics and appeal to authority. So if it was the real Satoshi, then it would be really silly to prove is identity in this context. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Hyena on August 16, 2015, 10:30:22 AM If Bitcoin was a PoS/PoW hybrid this would never be an issue. Right now the problem is that stakeholders and miners are not the same people but THEY SHOULD BE. It almost seems as a conspiracy that Satoshi didn't implement PoS in the first place. Is Bitcoin doomed by design? I think Bitcoin should introduce Proof of Stake mining and solve the protocol change debate problems once and for all by having stakeholder voting on its very block chain itself.
Title: Re: If bitcoin forks to XT, the price will start declining Post by: only on August 16, 2015, 11:16:38 AM Can't wait for the split so that I can cash out my xt monopoly money. So does everybody else. Like it or not, xt is dead before being born :-*
Title: Re: If bitcoin forks to XT, the price will start declining Post by: brokenchair on August 16, 2015, 01:49:57 PM Not worth holding btc at all right now, to much risk with this xt nonsense......
This is essentially what just happened https://www.youtube.com/watch?v=OJdKDqGOhv0 Title: Re: If bitcoin forks to XT, the price will start declining Post by: ElectricMucus on August 16, 2015, 02:13:22 PM Not worth holding btc at all right now, to much risk with this xt nonsense...... This is essentially what just happened https://www.youtube.com/watch?v=OJdKDqGOhv0 And what eventually might happen: https://www.youtube.com/watch?v=Oi97fXRkgss Title: Re: If bitcoin forks to XT, the price will start declining Post by: Hyena on August 16, 2015, 02:21:21 PM Not worth holding btc at all right now, to much risk with this xt nonsense...... This is essentially what just happened https://www.youtube.com/watch?v=OJdKDqGOhv0 And what eventually might happen: https://www.youtube.com/watch?v=Oi97fXRkgss In the meantime, this happens as if nothing happened: https://www.youtube.com/watch?v=cRL3Hxi2LrI Title: Re: If bitcoin forks to XT, the price will start declining Post by: ElectricMucus on August 16, 2015, 02:32:24 PM In the meantime, this happens as if nothing happened: https://www.youtube.com/watch?v=cRL3Hxi2LrI http://www.citylab.com/politics/2012/08/anti-environmentalist-roots-agenda-21-conspiracy-theory/3091/ http://www.quackwatch.org/03HealthPromotion/fluoride.html And because you probably won't pay any attention to it because you are following this retard, a video: https://www.youtube.com/watch?v=qL2L85-ZaZ8 Since you seem somewhat serious about the bullshit, once you got a clean piece of mind: https://www.youtube.com/watch?v=k3TPeijF9Jc Oh and yes I actually listened to this schizophrenic crank too. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Hyena on August 16, 2015, 10:38:11 PM In the meantime, this happens as if nothing happened: https://www.youtube.com/watch?v=cRL3Hxi2LrI http://www.citylab.com/politics/2012/08/anti-environmentalist-roots-agenda-21-conspiracy-theory/3091/ http://www.quackwatch.org/03HealthPromotion/fluoride.html If you knew anything about the inner workings of the pineal gland you would know that flouride gets stuck around it and makes it dysfunctional. And because you probably won't pay any attention to it because you are following this retard, a video: This is a good video indeed. Especially I like AJ's black helicopter paranoia. It's hilarious.https://www.youtube.com/watch?v=qL2L85-ZaZ8 https://www.youtube.com/watch?v=bg4GvL0mHX4 Since you seem somewhat serious about the bullshit, once you got a clean piece of mind: https://www.youtube.com/watch?v=k3TPeijF9Jc Oh and yes I actually listened to this schizophrenic crank too. Enough of AJ. I follow him because he's funny and he generally talks the truth while making it sound entertaining. I also like Rusty Shackleford (Dale Gribble) from the King of the Hill show. Are you going to ridicule me now based on a fictional cartoon character? It would be kind of dumb. Do your own research. Don't follow just any single source of information. I've done my research, have you? edit: that last video was actually very good in a sense that is shows that AJ is not just ranting and raving about conspiracy theories but he can actually defend his position against mainstream criticism and he does it really well. Title: Re: If bitcoin forks to XT, the price will start declining Post by: goosoodude on August 16, 2015, 11:17:49 PM Can't wait for the split so that I can cash out my xt monopoly money. So does everybody else. Like it or not, xt is dead before being born :-* Actually there's a rule in XT stating that XT (with larger blocks) won't be "activated" unless over 75% of the network is behind it, meaning that running XT until that day is the same as running core. And in the event of activation, it would automatically mean that 2/3 are on XT and that means it wouldn't be "monopoly money" as you claim. imho either option is fine, and the real "worst case scenario" is having a battle within the community, which could lower bitcoin value, regardless of the fork in question. Title: Re: If bitcoin forks to XT, the price will start declining Post by: iCEBREAKER on August 17, 2015, 03:59:18 AM Can't wait for the split so that I can cash out my xt monopoly money. So does everybody else. Like it or not, xt is dead before being born :-* Actually there's a rule in XT stating that XT (with larger blocks) won't be "activated" unless over 75% of the network is behind it, meaning that running XT until that day is the same as running core. And in the event of activation, it would automatically mean that 2/3 are on XT and that means it wouldn't be "monopoly money" as you claim. imho either option is fine, and the real "worst case scenario" is having a battle within the community, which could lower bitcoin value, regardless of the fork in question. That "rule in XT" is being hacked to pieces. "In the event of activation" it may mean nothing more than the malicious Gavinista minority is about to get #REKT. Source: This is a special fork for those who do not agree with the blocksize scheduled increase as proposed by Gavin and Mike in their divisive altcoin fork, "Bitcoin XT". This version can be used to protect the status quo until real technical consensus is formed about the blocksize. This version is indistinguishable from Bitcoin XT 0.11A except that it will not actually hard fork to BIP101, yet appears on the p2p network as Bitcoin XT 0.11A replete with features, yet at a consensus level behaves just like Bitcoin Core 0.11. If it is used to mine, it will produce XT block versions without actually supporting >1MB blocks. Running this version and/or mining with XT block versions will make it impossible for the Bitcoin XT network to detect the correct switchover and cause a premature fork of anyone foolish enough to support BIP101 without wide consensus from the technical community. It prevents correct detection of Bitcoin XT adoption in the wild since usage will be known to have been tampered with and thus all statistical data gathered by getnodes can only be considered unreliable. https://github.com/xtbit/notbitcoinxt#not-bitcoin-xt Title: Re: If bitcoin forks to XT, the price will start declining Post by: CoinCidental on August 17, 2015, 04:03:31 AM There's little chance that the eventual forking will have impact on the price, and i believe that (atleast for a certain period of time) it will be negative one. The main reason for my concern is the timeframe between the time that XT activates, and >1mb block makes chains different, and the time services and exchanges find a solution to this issue. I don't think that the fork with affect the price of bitcoin. The are to many other factors that will affect this but not the fork. the fork will disappear to fast to be remembered and everything will be only story. To be told when it will be another fork. fork it and get it over with !!!!! im sick to the teeth of these doomsday threads .......every cou[ple of months for nearly 7 years ive heard every possible sky is falling ,get out now etc if anyone has enough money and power to crash the network ,they would have done it by now ,its well designed but let them try already .........# wtf are they waiting for ...... Title: Re: If bitcoin forks to XT, the price will start declining Post by: ElectricMucus on August 17, 2015, 07:42:08 AM Enough of AJ. I follow him because he's funny and he generally talks the truth while making it sound entertaining. I also like Rusty Shackleford (Dale Gribble) from the King of the Hill show. Are you going to ridicule me now based on a fictional cartoon character? It would be kind of dumb. Do your own research. Don't follow just any single source of information. I've done my research, have you? edit: that last video was actually very good in a sense that is shows that AJ is not just ranting and raving about conspiracy theories but he can actually defend his position against mainstream criticism and he does it really well. lol, that impression was done really nice. So you also watched the interview video, and jet you still agree with Alex Jones's positions. There is where your problem is, you don't arrive at sane conclusions if you remain with that conspiratorial mindset. Seriously stop listening to him, even if you do it for entertainment it isn't good for you. You may have taken the first step but you still believe everything that Alex Jones is about. Look up a conspiracy theory on rationallwiki.org every once in a while and look at the quoted sources. At first it will probably offend you, but once you are looking at the information form a more rationalist perspective you realize that much of the talking points in the conspiracy theory scene are conjecture and projection of a certain mindset, not facts. [/OT] Title: Re: If bitcoin forks to XT, the price will start declining Post by: hdbuck on August 17, 2015, 07:50:02 AM no fork, xt is just another alt.
adios usgavin-herngle. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Elwar on August 17, 2015, 08:29:08 AM Bitcoin already forked once.
Remember what happened to the price? Title: Re: If bitcoin forks to XT, the price will start declining Post by: Hyena on August 17, 2015, 10:28:40 AM lol, that impression was done really nice. So you also watched the interview video, and jet you still agree with Alex Jones's positions. There is where your problem is, you don't arrive at sane conclusions if you remain with that conspiratorial mindset. Seriously stop listening to him, even if you do it for entertainment it isn't good for you. You may have taken the first step but you still believe everything that Alex Jones is about. Look up a conspiracy theory on rationallwiki.org every once in a while and look at the quoted sources. At first it will probably offend you, but once you are looking at the information form a more rationalist perspective you realize that much of the talking points in the conspiracy theory scene are conjecture and projection of a certain mindset, not facts. [/OT] So what you are saying is that I cannot arrive to sane conclusions and I have a problem. Yet here I am, master of science in software engineering, bought into bitcoin when it was 4$, passed a psychological test with the highest possible score when obtaining a gun ownership licence. But wait a second, all of it makes perfect sense according to this (http://www.naturalnews.com/047168_conspiracy_theorists_sanity_propaganda.html). You must understand that Alex Jones is an actor and he's damn good at playing the role of a madman with the twist of actually telling the truth while appearing as crazy. I cannot confirm that all of AJ's statements are backed by solid proof because I haven't personally checked them all, but the ones that I have checked are in alignment with what he says. The bottom line is, you must do your own neutral research, use common sense and be open minded no matter how crazy the facts might sound. Often times there is no truth and lie opposition but instead a truth and truth opposition which is why general population is unable to come to a consensus. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Amph on August 17, 2015, 02:56:17 PM Bitcoin already forked once. Remember what happened to the price? if you're talking about the 2013 fork, nothing really happened, there was a minor dump after the 230 peak, but it started before the fork so it's not sure if it was cause by the fork or what Title: Re: If bitcoin forks to XT, the price will start declining Post by: balu2 on August 17, 2015, 03:46:47 PM There's little chance that the eventual forking will have impact on the price, and i believe that (atleast for a certain period of time) it will be negative one. The main reason for my concern is the timeframe between the time that XT activates, and >1mb block makes chains different, and the time services and exchanges find a solution to this issue. I know i'd dump on Gavincoin adoption. And i mean take a dump on the market like never before and not buying back in later. I know others would too so i think a meltdown is a safe bet upon Gavincoin adoption which i think is unlikely. But i am watching the situation closely and i will make sure to dump my coins before xt nodes ever reach 75%. I honestly don't think it'll happen though. I think Gavin and Mike are clowns and epic failures. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Elwar on August 17, 2015, 03:58:44 PM Bitcoin already forked once. Remember what happened to the price? if you're talking about the 2013 fork, nothign really happened, there was a minor dump after the 230 peak, but it started before the fork so it's not sure if it was cause by the fork or what Yep, lasted about half a day then rose quickly after that. And that was an unexpected fork. Imagine how easy the transition will be when we can pretty much watch it happen down to the hour. Title: Re: If bitcoin forks to XT, the price will start declining Post by: xeretix on August 17, 2015, 04:21:46 PM Bitcoin already forked once. Remember what happened to the price? if you're talking about the 2013 fork, nothign really happened, there was a minor dump after the 230 peak, but it started before the fork so it's not sure if it was cause by the fork or what Yep, lasted about half a day then rose quickly after that. And that was an unexpected fork. Imagine how easy the transition will be when we can pretty much watch it happen down to the hour. No one was against the last hard fork. This one's gonna be different. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Mickeyb on August 17, 2015, 08:27:57 PM Well it's hard not to imagine that all this turmoil doesn't influence the investors and their confidence, so the decline in price is normal, even now. Not to mention if real fork is to happen.
However I hope that the XT fork will never happen. I hope that the bigger blocks will be implemented in the core as soon as possible or at least when the core people see that the fork is inevitable. Anyways, considering all the options, I wouldn't be surprised if we continue going further down. Title: Re: If bitcoin forks to XT, the price will start declining Post by: MF Doom on August 17, 2015, 10:01:59 PM Well it's hard not to imagine that all this turmoil doesn't influence the investors and their confidence, so the decline in price is normal, even now. Not to mention if real fork is to happen. However I hope that the XT fork will never happen. I hope that the bigger blocks will be implemented in the core as soon as possible or at least when the core people see that the fork is inevitable. Anyways, considering all the options, I wouldn't be surprised if we continue going further down. Be prapared to be attacked by the perma-bulls on here... I think the same thing, a shake up like this is bound to drop the price, if only temporarily until things are straightened out. Thats just how btc works, anyone whos followed the price for a while knows price can be swund on news stories alone, even 10-15% in any given day. I'm sitting out for now, fairly certain there will be cheaper coins on the way... Title: Re: If bitcoin forks to XT, the price will start declining Post by: rjclarke2000 on August 17, 2015, 10:31:14 PM Ok, I am purely a hodler here so be gentle with me......
What is wrong with everyone going over to XT? My limited understanding is that In years to come 1mb block size won't do if it heads towards mass adoption and transactions increase dramatically. Why stay at 1mb? What's the good thing about staying at 1mb blocks and staying with core? Again, I just hold my bitcoins so explain in a simple way please. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Alley on August 17, 2015, 10:41:40 PM I believe the issue is the devs behind XT. If core devs would release a upgrade to 8mb everybody would be on board. But they want to stay as is so they can make money off lightning networks. Or so I heard.
Title: Re: If bitcoin forks to XT, the price will start declining Post by: PolarPoint on August 17, 2015, 11:03:47 PM I do not think there will ever be a "XT fork".
If there is a 75% majority running XT, what would Core devs do? Nothing and let XT fork bitcoin leaving Core fork struggles to find hashrate to mine blocks with high difficulty? I think when there is a clear majority, the minority will have to adopt the protocol of the majority. If XT wins the majority, Core has to change, if Core wins, XT remains a alt client. Title: Re: If bitcoin forks to XT, the price will start declining Post by: countryfree on August 17, 2015, 11:16:03 PM WTF is this (http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html)? Did the real Satoshi just speak? It didn't sound like Satoshi Nakamoto. Rather an imposter if you asked me. If this is real, which I doubt, I'm sure he has a way to identify himself. Unfortunately, it's very easy to set up an account somewhere with a false name. Bitcoin already forked once. Remember what happened to the price? if you're talking about the 2013 fork, nothign really happened, there was a minor dump after the 230 peak, but it started before the fork so it's not sure if it was cause by the fork or what Yep, lasted about half a day then rose quickly after that. And that was an unexpected fork. Imagine how easy the transition will be when we can pretty much watch it happen down to the hour. It's psychology, waiting is terrible. Will there be a fork or not? Not knowing what's going to happen scares investors all over the world. Title: Re: If bitcoin forks to XT, the price will start declining Post by: kwukduck on August 17, 2015, 11:29:54 PM I believe the issue is the devs behind XT. If core devs would release a upgrade to 8mb everybody would be on board. But they want to stay as is so they can make money off lightning networks. Or so I heard. Bigger blocks require better hardware and connectivity, pushing the average Joe away from participating, causing more centralization. This is partly negated by rapidly increasing availability of good hardware and connectivity around the world to the average Joe . Title: Re: If bitcoin forks to XT, the price will start declining Post by: danielW on August 18, 2015, 02:08:49 AM Nobody is saying to never raise the block size. Some people just think it does not need to be done now and the increases should be smaller.
Other people want to increase it aggressively/rapidly. Either one of these options is not as bad as a split and civil war in the community (in my opinion). Title: Re: If bitcoin forks to XT, the price will start declining Post by: Mickeyb on August 18, 2015, 08:04:13 PM Ok, I am purely a hodler here so be gentle with me...... What is wrong with everyone going over to XT? My limited understanding is that In years to come 1mb block size won't do if it heads towards mass adoption and transactions increase dramatically. Why stay at 1mb? What's the good thing about staying at 1mb blocks and staying with core? Again, I just hold my bitcoins so explain in a simple way please. OK, I will try. I am a holder as well. We will need bigger blocks, since we all our counting that Bitcoin will grow and more transactions will take place. So you have people that are completely against the bigger blocks, some major DEVs including. They believe that block size increase should take place only if 100% necessary and when we approach 1MB limit, since we are not there yet. They believe we should look at some other solutions besides block size, again if possible and that block size increase should be only our last resort. Why? They believe that bigger block will centralize Bitcoin since you need more storage, more bandwidth and not everybody in the world have big bandwidths, for example China. Then you have other people, and they are the majority it seems to me that want bigger blocks but not XT, I am one of them. We want bigger blocks in the Core. We don't want XT because we think this is opening a Pandora's box and if they can bully us with the XT, they will be able to bully us with anything in the future. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Tzupy on August 18, 2015, 09:36:17 PM http://arstechnica.com/business/2015/08/op-ed-why-is-bitcoin-forking/
Title: Re: If bitcoin forks to XT, the price will start declining Post by: rjclarke2000 on August 18, 2015, 09:50:51 PM Thanks guys.
Title: Re: If bitcoin forks to XT, the price will start declining Post by: galbros on August 18, 2015, 11:43:10 PM http://arstechnica.com/business/2015/08/op-ed-why-is-bitcoin-forking/ Thanks for this, it was helpful. It also points to the even more useful Gavin's Blog (http://gavinandresen.ninja/time-to-roll-out-bigger-blocks) entry about this. It would be nice if there was a similar site with the rebuttal. Overall, I think this makes bitcoin look like an unserious mess. I'm not surprised that the price is dropping, I guess it will continue to until this gets sorted out. Kind of hard to belive that five people could not come up with a sensible resolution. Title: Re: If bitcoin forks to XT, the price will start declining Post by: techgeek on August 18, 2015, 11:49:42 PM Nobody is saying to never raise the block size. Some people just think it does not need to be done now and the increases should be smaller. Other people want to increase it aggressively/rapidly. Either one of these options is not as bad as a split and civil war in the community (in my opinion). Just know its a battle between the largest mining pool who runs these operations. So basically they want it now since their bandwith sucks. Which doesnt seem to be an option unless you want these mining pools to cut off all their production which would slow down findning blocks.. Title: Re: If bitcoin forks to XT, the price will start declining Post by: Hunyadi on August 19, 2015, 08:35:53 AM Kind of hard to belive that five people could not come up with a sensible resolution. That's so amazing! DEVs seem to be real primadonnas. Grow so balls and act like men....drama queens. |