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Title: BitcoinXT, Fork, Miners... This is how they look like from here Post by: mindrust on August 19, 2015, 10:11:51 AM https://i.imgur.com/tdcTyGa.png?1
Am I close? I read a bit about the xt thing, tried to understand it, but this is how they all look like to me now. Heh. Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: unamis76 on August 19, 2015, 10:13:18 AM I don't think you're close... Miners will eventually converge to the same chain :)
Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: desired_username on August 19, 2015, 11:17:57 AM It's completely inaccurate.
XT and core is identical at this stage. The difference is that XT implemented BIP101. Quoting my recent comment on this topic: Quote At least 75% of the mined blocks have to be on XT nodes after January.2016 for 2 weeks for the blocksize increase to take place. If super majority does not form around XT then everything stays the same. You cannot use the number of nodes as metric, as it can be easily spoofed. On the other hand, the existence of miners depend on the userbase, so they are restricted to follow the user's needs. Anyone can make their own decision. Personally, when I got into bitcoin I subscribed to independence, transparency and freedom. Not tyranny, censorship and serving a company (Blockstream). Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: tadakaluri on August 19, 2015, 12:35:59 PM The Bitcoin XT software has been programmed so that no change will happen before Jan. 11. If, by that stage, 75 per cent of the “miners” – computers that validate bitcoin transactions – have signed up, the software will automatically switch to Bitcoin XT. If 75 per cent is not reached, it will not.
Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: johnyj on August 19, 2015, 12:40:14 PM https://i.imgur.com/tdcTyGa.png?1 Am I close? I read a bit about the xt thing, tried to understand it, but this is how they all look like to me now. Heh. Mostly correct but the XT should be already happening before the fork, and after the fork the core chain would be relatively thin due to less hash power staying on it Of course this is only one scenario that when XT really gain 75% of hash power, otherwise the fork won't happen Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: pedrog on August 19, 2015, 12:46:10 PM What was your rationale to elaborate that cartoon?
Do you think mining would be more profitable with XT? Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: ticoti on August 19, 2015, 12:58:08 PM I don't really understand your point of view
Actually I think XT is not profitable cause is not accepted Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: mindrust on August 19, 2015, 07:43:19 PM What was your rationale to elaborate that cartoon? Do you think mining would be more profitable with XT? Well, nope. It wasn't about profit. Tbh i don't even know what the hell XT is. But obviously there is a XT Hype all over the forums. So those happy XT miners symbolize that hype. Title: Re: BitcoinXT, Fork, Miners... This is how they look like from here Post by: mindrust on August 19, 2015, 07:46:04 PM https://i.imgur.com/tdcTyGa.png?1 Am I close? I read a bit about the xt thing, tried to understand it, but this is how they all look like to me now. Heh. Mostly correct but the XT should be already happening before the fork, and after the fork the core chain would be relatively thin due to less hash power staying on it Of course this is only one scenario that when XT really gain 75% of hash power, otherwise the fork won't happen Yeah i was also thinking about that, but then i forgot to picturize it. When the %75 of miners mine XT chain, original bitcoin becomes Bitcoin XT right? After this happened original chain will mean nothing i guess. |
