Bitcoin Forum

Are you pro Bitcoin XT?

Be careful, this thread will be locked soon just like this one : https://bitcointalk.org/index.php?topic=68655.31220

We have hundreds of votes in that thread.

Please add an option for "I really don't care one way or the other."

just because you asked  :)

what bitcoin xt anyone can explain ? look like bitcoin clone

"Bitcoin XT" is like getting Thrush in your mouth. This is the result of yeast permitted to overgrow as a result of taking antibiotics to destroy all good and bad bacteria in your body.

xt to your anus. This thread is in the wrong section.

so many thread about XT
im very sad bitcoin price now down more than 10%


why you forget aboout this ?
http://www.coindesk.com/hacker-hijacks-satoshi-nakamoto-email/

It is a client forked from Bitcoin Core that intends on hard forking the blockchain to increase the maximum block size from 1 MB to 8 MB. It is a very controversial topic as of now.

XT is what all big businesses will turn to because it scales bitcoin once and for all.

Thank you.

It appears that there are a few people that feel that way.

I wouldn't care either but for the anti-Tor stuff. That's a big no for me.

You can't change your vote in that thread.  And the question is not about XT, just 8MB blocks in general.

Plus, it was made long before we knew what Meni Rosenfeld thinks about XT:

Nope.  Mike and Gavin can go F themselves.

What they're attempting to do is absolutely atrocious, and it disgusts me.

Thankfully, it looks like they're going to fall flat on their face.  Good.  One more win for Bitcoin! :)

See everyone, this is what happens when you don't keep your ego in check.  You get delusional, and come up with ideas like you can just do a hostile takeover of an entire currency.

The new version, which calls itself Bitcoin XT, would increase the block size to 8 megabytes, which would allow up to 24 transactions to be processed every second. That is still a fraction of the 20,000 or so that VISA can process, but would increase every year, so that bitcoin could continue to grow.

Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on, as the extra computer memory needed would shut out many of the thousands of individual “nodes” that currently power the network.

eya but Ip adressess mmmm na

We've see the price going down caused by Bitcoin XT  :-\

let me put it simply. FUCK XT.

I really don't care one way or the other   
i think forked or not is'nt  problem

The real problem is why you should fight?

this is only trol from fake stosi nakamoto

not anymore especially after the thread about how they blacklisted ip, i don't like this time the control over users, bitcoin should be synonym of freedom

but i'm still in favor on bigger block at least for now as a soft solution, if we cannot find a better one

Yepp same with me. This is really suspicious. I'm defineately pro bigger blocks but not that way XT is trying to do it.
I'm not a coder but something seems to smell really extremely fishy about it.
So I will stay with core for now and hope that the devs will get convinced to increase the blocksize limit at least to 2 or 4MB.

I'm absolutely certain the core devs will devise a consensus based plan to raise the block size when necessary.  Right now, there's no immediate need for it, and not for the forseeable future either.   When that time comes, I'm absolutely certain the core devs will come to a consensus on a sensible approach to tackle the issue.

This BS about Mike and Gavin shoving it down everyone's throats as if we're in end times is ridiculous, to say the least.  Can anyone say "hidden agenda"?

What idiots.  They both just totally destroyed any reputation they had within the bitcoin community.  They gambled, and they lost.  Who's going to listen to them now?

XT FTW

Bitcoin arrived at a historic moment. If  the blockstream/core cartel wins we can wave goodbye to independent and free bitcoin.

BS. Check what is bitcoin XT and what is BIP101.

Haha, you're the ones who are forcibly trying to change the protocol  :D . I am certain your propaganda has become ineffective by now.

Meanwhile, remove that extra crap code from the XT cancer. Who knows what discrete backdoors you guys are hiding in there. Keep only the max block size increase to keep a shred of credibility.

Funny how someone created a fake and indistinguishable XT client. It could effectively cause a premature fork.

That's why 75%+ of hashpower is needed for a trigger.

Forcibly? It depends on the ecosystem to accept the changes.

The code is open source.

Bitcoin should not depend on any single or group of devs or a company.

The propaganda, the lies and other dirty tactics of the Blockstream/Core-dev group is astonishing though.

    
No. down with the speculators who want to create their own fork on behalf of Bitcoin

No. I am definitely against this hostile takeover attempt

Do you know what does forking even mean?

Bitcoin cannot evolve without forks.

XT is the same chain, and the trigger mechanism of BIP101 secures that a split is pretty much impossible.

So why is everypony selling their bitcoins then if there is nothing to worry about  ???

Not really, 75% of the last 1000 blocks would be needed to be mined with XT to trigger the fork. But NotXT can also be used to mine.

MSM didn't hesitate to overhype the issue (so as Blockstream, check out adam backs fearmongering comments on reddit) and newbies have been always manipulated easily.
A panic can form a negative feedback loop (people start to sell because they see the exchange rate fall which causes even more fall).

Personally, I will dump only if Core devs maintain status quo on development and do not raise the blocksize limit.

Scaling blocks are needed in the future, but not from 2 rogue devs through an altcoin. no to XT

Mining 75%+ of the blocks requires 75%+ of the hashrate. NotXT is a laughable attack like the censorship on /r/bitcoin.

XT is the same network, the same chain and unless BIP101 is triggered the same rules.

XT is not an altcoin.

it's opensource and does not rely on any developers. 

No

XT is the first real existential threat to Bitcoin.

BS. Blockstream is.

Check their website...check the comments of Adam Back. It's the perfect example of conflict of interest.

Also, please detail the business model of Blockstream. (hint: they will introduce centralized layers on top of bitcoin, payment hubs and channels).

The fork cannot even activate without the super majority of the network onboard.

Laughable or not, there should have been more thought before deciding to go head on towards a probable bitcoin fork. In my eyes, it's an offensive reminder that bitcoinXT isn't as great and failproof as some want it to appear. Even Adam Back posted in the dev list saying the following (https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010307.html):

"The recent proposal here to run noXT (patch to falsely claim to mine on XT while actually rejecting it's blocks) could add enough uncertainty about the activation that Bitcoin-XT would probably have to be aborted".

---

With the current rules set, the fork locks in right after 75% of 1000 blocks are agreeing with BIT 101 and occurs after two weeks (given we're past Jan 2016). This is perfectly exploitable since support for BIP101 can be faked. The fork could end up occurring with a lot less actual support which would be disastrous since from what we know until now, until the last moment fake and real nodes would be indistinguishable.

Monday, August 10, 2015 opened at $265.89, kicking the week off continuing the pattern that emerged late last week. Throughout the entire day, the Bitcoin price floated in the mid-to-low $260s, hitting a daily low of $261.60 at 9 AM.

Tuesday continued the mid $260s trend in the morning hours, but the market attempted a comeback in the early evening. At 5 PM, the Bitcoin price jumped to $268.82; the price hit a peak of 271.5 at 7 PM. The upward push had no momentum, though, and the price began slowly declining again at 8 PM, setting the trend for Wednesday.

Meanwhile, in the altcoin market, ShapeShift announced that it had added Ether — the crypto-token for the highly popular Ethereum, a blockchain-based protocol for smart contracts. This announcement apparently sparked huge excitement amongst Ethereum supporters and altcoin speculators, as the price of Ether skyrocketed, at one point appreciating 100%.

August 12 began at $270.11. However, the day opened on a steady decline, as the market slowly liquidated the brief gains achieved in the previous day. At 9 AM, after falling back down to $266, the Bitcoin price began rising again, although the increase would be very short-lived. The increase peaked at $270.41 at 6 PM, after which it fell back to the mid $260s. Wednesday ended on the decline, closing at $265.51.

lightning-slideIn the news on August 12, HashPlex released its open source Lightning Hub, a functionality that will contribute to the highly anticipated Lightning Network. Many people are excited about this off chain network, because it can increase Bitcoin’s speed and scalability. A small group of people even cite the Lightning Network as an alternative to increasing the block size, despite the fact that the Network is not yet functional.

Bernard Rihn, CEO and Founder of HashPlex, described the Lightning Hub:

“A full Lightning Hub is not necessarily feature-heavy. Clients decide to lock-up so many Bitcoins in a payment channel with their hub. If the hub disappears or acts maliciously, they can get their money back. Then they send and receive money. Unlike on the blockchain or with credit-card networks, these payments are confirmed immediately with no chance of chargebacks or double-spends, and they require very low fees.”

Thursday, August 13 kicked off at $265.51, a return to the mid $260s trend that was broken by the brief rally on the 11th. Price activity was flat for most of the day; the Bitcoin price fell to the low $260s in the early morning, but returned to $265 by noon. At 10 PM, there was a sharp drop, in which the price fell back to the low $260s, hitting a trough of $262 at 11 PM, and rising to $262.88 to end the day.

The 14th began at $262.88, but quickly climbed back to the mid $260s. After returning to this range, the Bitcoin price remained sideways for the rest of the day. Part of the stability could have been brought on by big news from Visa, which has began researching the blockchain in anticipation of a possible integration. However, the 14th saw some negative news as well; LocalBitcoins announced that it would be ending its services in New York due to BitLicense, making the popular P2P Bitcoin exchange the latest casualty in Benjamin Lawsky’s war on digital currency.

Rajat Taneja, Executive Vice-President of Technology at Visa, explained the intentions behind the company’s blockchain research:

“For now, the focus of this technology innovation centre will be on Visa Checkout and mVisa, but for certain, India will soon have teams that will jointly work with our two research labs in US and Singapore in studying the many aspects of blockchain disrupting technologies.”

Friday the 14th ended on a quiet note, with the Bitcoin price hovering at $265.77.

August 15 opened at $265.77, and didn’t change much for the first half of the day. However, starting at 1 PM, the Bitcoin price entered a relatively significant decline that would set the tone for the rest of the week. After hitting $261 at 7 PM, the markets calmed down and hovered between $261 and $260 for the rest of the night. At 3 AM Sunday morning, however, the price sharply dropped once again to $256 — even hitting an hourly low of $255. The Bitcoin price spent the rest of August 16 hovering between $259 and $254, eventually closing out the week at $256.96.

Bitcoin XT Drama

Bitcoin Mining ProfitabilityA likely source for this further decline in the Bitcoin price is the community drama over the looming Bitcoin XT fork. As a solution to the incessant block size debate, Gavin Andresen has released an alternative version of Bitcoin Core, called “Bitcoin XT,”  that has a larger block size, which is set to automatically increase periodically. The release of Bitcoin XT sparked yet another debate, as the major mining pools now must decide if it will use XT or continue using the regular Bitcoin Core. Community leaders have turned to censorship in order to suppress opinions regarding XT; Theymos has forbidden any XT-related topics on the Bitcoin subreddit and BitcoinTalk, the two largest Bitcoin community hubs.

This drama will likely have an affect on the Bitcoin price as it unfolds. The deliberation between the mining pools regarding whether or not to adopt XT may end up giving speculators anxiety, causing some turbulence in the Bitcoin price. Additionally, depending on which version of Bitcoin gains consensus, disillusioned Bitcoiners — unsatisfied with whichever version is chosen — may chose to leave the community and cash out their coins. If this happens on a large enough scale, there would definitely be some downward pressure on the price. Nevertheless, the Bitcoin XT drama is sure to create some interesting market action in the coming days.

Are you siding with Bitcoin XT or Bitcoin Core? Let us know in the comments below!

Images courtesy of Wikipedia, “The Rise and Rise of Bitcoin” (documentary)

The opinions expressed in this article are not necessarily those of Bitcoinist.net.

Originally posted on: Bitcoinist Weekly News Re-Hash: Visa Tackles the Blockchain, Bitcoin XT, and More

more here http://insidebitcoins.com/news/bitcoinist-weekly-news-re-hash-visa-tackles-the-blockchain-bitcoin-xt-and-more/34397

pro bigger blocks. now how should i vote?

This poll has nothing to do with bigger blocks.  It is about Bitcoin XT.

Bitcoin XT includes more than just bigger blocks.  It has additional features (such as relaying double spend transactions if the original transaction is not confirmed yet).

It also has a very specific set of triggering crieteria that some may find insufficient. Perhaps you feel that 85% of the last 1000 blocks would be better? Perhaps you feel that 95% of the past 2016 blocks at the time of the difficulty change would be better? Perhaps you feel that 60% of nodes would be better?  Perhaps you feel that January 2016 is to soon, or not soon enough?

The question is, are you for or against Bitcoin XT exactly as it exists right now?

you dont, because you dont mean anything.

go buy some litecoins, they have bigger blocks..

actually, no.

well then fork litecoin while you are at it.

Bitcoin will not die, and Litecoin will not die. Maybe we will reach 75% and then XT is the new version.

but i would like to have Core with bigger blocks but that seems to be impossible  :'(

We won't know how much of that 75% is real and how much is spoofed until XT's malicious trigger is (prematurely) activated.

Very well put DannyHamilton, as always. People who are pro bigger blocks should also consider that bitcoinXT is not just about that, but rather an envision of a few developers of what he sees as a better bitcoin, network and/or bitcoin client. There are downsides and unaudited code still on the loose.

Furthermore, they should also consider the reason behind bigger blocks. Some think that a small blocksize is halting adoption. Even if that's the case, how and why is Gavin Andresen's bitcoinXT addressing this issue properly? Wouldn't a less invasive (and ideally in consensus with the other devs as well) attempt to address the block size issue be better for the bitcoin ecosystem as a whole? From what we're seeing right now, Gavin's project has not only caused a schism but also spread a lot of uncertainty.

One of my biggest gripes with XT, besides it's attempt at a hostile take-over of the blockchain, is that decision are ultimately made by only two people, and one of them can override the other.  That's not what bitcoin is all about, and I hope XT fails miserably.  The problems it aims to address will be patched by core in due time.  Keep the original strong.

I don't understand why poeple keep saying XT is an hostile take over. It's a free market based choice.

because the impact on the bitcoind price, so many people are angry :D

I also had many doubts and your comment cleared them.
Just wanna know if XT is implemented then what will happen of individual nodes will they be still  part of bitcoin network.
someone Told that if XT is implemented then all your coins in wallet(Currently) will be Lost, is that true?

The Gavinistas don't seem to understand NotXT can also be used to mine NotXT blocks.

They're going to be so buttburned when they figure it out.   :D

1 XT/NotXT block down, 749 to go.

If we get to 75% XT/NotXT blocks, Gavin Baratheon the FailKing will be rekt like it's Winterfell.
 
https://i.imgur.com/gk1bKWR.gif

XT appears to be a hard-fork like XPY from the main chain of the Bitcoin Protocol. XT needs to remain consistent with the current protocol IMO. The fact is, it does remain consistent but it tries to reach consensus and thus become inconsistent. The current protocol appears to scale with anticipated network growth to 8MB if I'm not correct.

No, that is a lie.  The people who want XT to fail are lying a lot, trying to sabotage the consensus mechanism, etc.  It means they already know that if they are honest they will quickly lose.

XT has been implemented.  Anything that "will happen if XT is implemented" has already happened.

At some point in the future (but not before Jan 2016) the bitcoin protocol may change as a result of XT being adopted by a majority.  If that happens it will not affect the ownership of the coins in your wallet.

What may happen is that some people who have failed or refused to update their software to a client that speaks the new protocol, may reject blocks mined according to that protocol after the changeover date, ultimately forming their own block chain based on the old protocol.  After that, an increasing number of transactions (all transactions involving coins created after the fork) would be valid only in one of the two block chains; the one based on the new rules, or the one based on the old rules.  If you are paid in a transaction that is valid only on one of these two block chains, you may have the coins on that block chain but not on the other.  But this will not affect any coins currently in your wallet; a transaction spending them will be valid according to either version of the rules.

It also won't affect your wealth w/r/t anyone who is using the same set of protocol rules as you; If the transaction where you got coins is confirmed on the block chain that you and someone else both use for a subsequent transaction, a new transaction spending them will also be valid on that same block chain.

One more question , if you don't mind!
I read somewhere that Bitcoin XT has code which downloads your IP address to facilitate blacklisting , if such things will happen then it is against the spirit of Bitcoin as we mostly use bitcoins to be anonymous.
Is it true?

What you read is inaccurate. Bitcoincore uses hardcoded seednodes and 'showmyIP'. So perhaps Bitcoincore goes against the spirit of Bitcoin?

The Bitcoin XT Trojan


http://shitco.in/2015/08/19/the-bitcoin-xt-trojan/

stop bitcoin xt - it is just another shitaltcoin

apparently bitpay does not think in this way https://bitcointalk.org/index.php?topic=1157516.0

we are doomed to choose XT, there is no real choice, no real consensus, the few in disagreement must follow the many at the end

The more I think about it, more I am sure that Gavin didn't sail in just like that into this endeavor of the XT. Now I am starting to think that all was well prepared behind the scenes. He probably knew exactly who to count on and who supports him. He wouldn't put on a line everything if he wasn't close to sure that the XT will prevail!

Of course they knew. Look at this interview from June. Mike hearn claims that they talked with a lot of companies and they agreed with their plan. Around ~50:35

Chinese pools however, have come out against bitcoin XT at large. Chinese pools account for the majority of the hashrate. The blocksize increase won't be triggered unless 75% of the latest 1000 blocks are mined under bitcoinXT.

https://www.youtube.com/watch?v=8JmvkyQyD8w

i dont know what is different bitcoin and bitcoin XT but i have read some issue have some virus and ip tracked. it's mean bitcoin XT under control

Bitcoin Core is Linux - decentralized, consensus-based
Bitcoin XT is Microsoft - spies on you, takes control over your privacy (and funds), blacklists, is closely connected with NSA and CIA

you decide

I'd like to see a double question in a survey like this.
Whether people support xt, and whether they trade/use altcoins. I have a suspicion that would be quite informative.

the real problem will be when bitcoinxt gain 30-40% of the mining bitcoins. Then we will a disaster and that will be the most dangerous momment of bitcoin. I think you dont need to have a 75% of the bitcoin network to create a fork a 51 is enough to run a pararrel system.

BitcoinXT is programmed to fork when 750 of the last 1000 blocks are XT blocks and it is january 11 2016 or later. The fork won't happen until that moment, it won't happen when it is at 51%. Of course, with NotBitcoinXT, then it could happen earlier and then both BTC and XT are going to die when there is a fork without consensus.

Gavin and Mike are such shitlords.   ::)

I can bet that in the next days and coinbase will be in the club of bitcoinXT fork. We must remember that both of them Bitpay and coinbase has apply for bitlicence...

It is until it has the 75% it needs to kick in.

Whichever core devs are part of xt have in my eyes left bitcoin core and foundation and are now in the altcoin world. There is no going back for them.

What makes you think they left? Maybe they are just trying to force the issue mired in political gridlock.

thats not how bitcoin work. "forcing" anything is unacceptable.

may gavin's access to core be revoked so he can launch his altcoin with his buddies at MIT.

There is no forcing. That's what you don't get unless you are deliberately trolling.

shut up you ignorant shill. of course that's forcing.

edit: all this whining about there is "no other choice but release xt blablabla". fuck you.

Yeah unless you meant "the market is forcing for a consensus to finally move forward". Than I agree.

you're hopeless. lost. and ignored.

NO.

well, I have to admit, that initially I was big fan of XT..mainly during stress tests, when we saw, what may happen with current block size and how much money/resources it costs.

but after some deeper investigation, I have to agree with some posts above in this thread. XT is for my like windows..and well, I'm not using windows at all. I'm using linux.

They have done an excellent job at hiding their true intentions.  Getting the Bitcoin community to destroy what they love...  I thought it would be more difficult.  

They aren't.  It doesn't matter how many times this kind of question is asked, XT still doesn't ban TOR.

You should read up about blacklisting IPs.  If you think XT is about block size and not a power grab for control of the network rules, you are sorely mistaken.

If you are not sure you stfu.

Objection!  The mob of Gavin fanboys formerly associated with /r/bitcoin is NOT "the Bitcoin community."

Talking about Bitcoin does not make you part of it, not anymore than talking about Hecla makes me a geologist, silver miner, or metallurgist.

...So good traders can make money.  :D
These things come-and-go all the time, but this one is relatively serious and bitter for some of the participants.

Because everypony with a brain realizes NotXT can be used to mine, thus prematurely activating XT's trigger mechanism.

So a split is very much possible, and in the worst possible (weaponized signals, fog of war) contentious circumstances.

Fuck Heam, the core dev he rode in on, and everyone who has been enabling his anti-cypherpunk agenda.

This thread belongs here: https://bitcointalk.org/index.php?board=67.0

Mods please move.

ya.ya.yo!

The most important option, that 99% of bitoin xt fans would use, is missing. "Yes, but only for the bigger blocks. I switch to core when it implements bigger blocks"

This would get the most votes from xt users since i don't know any bitcoiner who likes the other ideas hearn has. He really has dangerous ones.

XT is learning what the altcoin lul is all about lol