Bitcoin Forum

Could this be a sign that we should sell? Apparently Bitcoin-Core transactions are not compatible with BitcoinXT, and this means you will pretty much lose all your coins:

http://thebtcpool.com/chief-scientist-launches-alternative-proposal-for-the-currency/

If there is a fork, any private keys you hold prior to the fork will exist on both sides. You can then taint them with post-fork coins and separate them entirely (holding both, selling one or the other, selling them both).

If you want to make sure you don't have a vote (the only kind of vote that counts) in the matter, sell before the fork.

Taken from the article:
"But even if the change goes through relatively quickly, some inattentive users could find themselves out of pocket. Once the block sizes increase (which won’t happen until January 2016, and then only if 75% of the miners have switched to Bitcoin XT), the two versions of bitcoin will be incompatible. Transactions made on one version of bitcoin would not be reflected on the other, essentially rendering null any attempts to spend bitcoin on the “losing” fork after that date."

Do you mean you will still be able to sell after 2016 any coins that were on Core?

If there is demand for transactions (mining) on both sides of the fork, that demand will obviously be met.

Clearly, since there is no consensus, there will be demand.

Yes, demand for Litecoin :)

well...a good move  :P


but honestly: no you wont lose your bitcoins OP.

Just chill you won't lose any of your Bitcoins. Bitcoin XT is not going to happen i think, only ~524 people running XT client/node.

it's gonna be messy before dust settles

I don't think its a good reason to sell your bitcoins for cheap price just because someone created a fork of bitcoin with bigger block size, the backbone of bitcoin is bitcoin core, any application poping out like this will disapear very soon from market.

Where can one see and check what percent of consensus is reached in favor of XT? Only asking because if I see it reaching closer to 75% then I might sell all my bitcoins and move on with my life because I wouldn't want to switch to BitcoinXT which is just another altcoin.

http://xtnodes.com/

https://getaddr.bitnodes.io/nodes/

What? I was told that it wouldn't even be noticable.

you might not lose your coins, but short term you might lose some purchasing power.  I sold some this morn, will be getting back in if we drop back to the 200-220 level, which I htink we will SHORT term

You probably should.

And i was told Santa Claus is living with  the elves in his workshop at the northpole where he crafts all the presents for the children during the year.

XT will only be accepting bigger blocks when 75% of the network agrees, now this can still be a bit dramatic, but i'm glad to see the XT devs took some precautions to attempt not to lay the entire bitcoin ecosystem in ruins.
I know i've been dramatic in the past week or so about this hard fork, but it seems the implications of just hard forking were well considered by the xt-devs.

We need bigger blocks that's for sure, how to go about it is another discussion and we need to aim for consensus and a future proof system before big changes are applied.

So maybe it's not the end of bitcoin yet :D

Enjoy your panic buys when the price inevitably rises again

The majority of you are emo fags that think like women.

Try growing a pair of balls and holding your coins.

If you wanted to sell the BTC , why didnt you sold them when it was 300+ , and making a wave now .
I don't find any interest now as BTC will surely again touch 300 in near future.
Who knows even it may cross 500 $.

Why are we doing this shit?

Because Gavin has an issue with his penis size.

Im newbie in bitcoin technology,
i see more people now run bitcoinXT nodes..
I want to ask
whether we should install bitcoin XT ???
how about my bitcoin ?
whether I would lose if I am not installing the bitcoin bitcoin XT ?

i would wait if i was you. i personally will start updating my client once i see 60% of the people have done it too. that's what i am waiting for. currently nearly 10% of the nodes run xt if i may believe bitnodes.io.

Yeah, but the data is rigged since a few days. See here:
https://bitcointalk.org/index.php?topic=1154520.0

I'm telling you there is still only 150 or so people really running xt. The other 400 new nodes are most likely fake nodes from attakers on the Gavincoin-thing who do not intend to ever run bigger blocks.

for now there is no xt when the right consensus is reached you can start to use it, we are holding anyway  and no coins will be lost in the transaction it should be like upgrading to a new version, just swap the wallet.dat and you're done

This is exactly of what we should be afraid off, people that don't know and don't understand panicking and selling everything.

To the OP, you won't lose your coins, dont worry. Such a dramatic change won't happen in a day or two, it will take months if XT is going to replace core. Just keep an eye on this problem and do as people suggest here. Don't worry, people will talk on this forum a lot, as we talk at the moment.

That quote is more for the people that stashed some bitcoins and will come back in 2 years to open their wallet. They, yes, might lose their bitcoins but even this is not for sure. So just keep an eye on this situation and you will be fine.

that may explain the rise in xt nodes. the comming days will tell more about the growth or decline of the xt nodes. don't think it will go over 20% but you never know.

OP should hold his coins of course. There's nothing to worry right now. And remember we are all in the same situation as you are. Before a fork happens it will take a few more months IF the majority of the community should decide to switch the client.

OP did the right thing.Instead of just selling because of panicking he asked here how others handle and see the situation.
Knowledge is power.

Lol. Asking here is 9 times out of 10 going to be the wrong thing to do.

thats because 9 out of 10 people on here are "perma-bulls" who will tell you never to sell ever.

The reality is the price is bound to go up and down, volatility is the ONLY thing guaranteed with btc.  Selling now is probably a good idea in my opinion.  I sold some just yesterday, and what do you know today we are headed back to $250.  News like this whole xt deal can easily swing btc price, and leave a good buy back opportunity in a couple weeks.

I think it is time to sell if you didn't yet.

The strong support is around 240, and there are so much doubts and fear even for core devs right now.

If you are afraid to lose money, you invested more than you can handle...sell now weak hand

Yes. Sell me your coins, please. :)

Time to switch to Mintcoin.

 30x faster, 100,000x cheaper, energy efficient, globally scaleable, no mining gear required to mint new coins, just save them in your wallet.

people here aren't interested in altcoins. mentioning how fast it is and how much cheaper won't change that. bitcoin is the only coin that will/might see global adoption within a few years.

just like all the other coins that came with good promises, but now are dead

no one will sell everything for a hope of a possibility of a future promise

Sometimes I hate this forum.

Don t sell at this price. Is crucial.  Keep holding

I told you 24 hours ago, now we've dropped another $30...so did you take my advice??  I;m still thinking sub 200 is possible after today...

You can take Gavincoin and insert it vertically into your anus. Thank you for your attention. Over.

Bitcoin XT is in the first steps and no one know his future. To many other coins has born after bitcoin but their value is not  acent of the dollar while the price of bitcoin is hundred of dollars. Then who know? Maybe the two groups will find their words and it will be another strong bitcoin as e merged of both of them. Strong enough to have value even for the first even for the second.

I am holding tight for the long term. shorting now it's crazy, better to wait for a bit