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Title: Bitcoin XT question (nsa) Post by: Greendragon on August 19, 2015, 03:51:47 PM I read some things about bitcoin xt lately. Some say it helps NSA with catching online criminals.
How do they do it now? What is the patch? Title: Re: Bitcoin XT question (nsa) Post by: LiteCoinGuy on August 19, 2015, 03:53:54 PM that is FUD.
Quick ELI5: Running XT at this time is equivalent with running Core. It's the same network, and the same Bitcoins. At some point in the future, if 75% mining majority is reached (but not before January 2016), the network will split whenever a miner creates a block larger than 1MB. This will not be accepted by Core unless they adopt a large blocks patch, but will be accepted by XT, and at this point there will effectively be two chains. Running XT means that you will always be on the largest (75%+) chain, regardless of whether the fork actually happens or not. Running Core means that you will be left behind if a 75% majority is reached. Regardless of which version you run, coins will be safe (on both chains) as long as you acquired them prior to the fork, and for some time the chains will largely mirror each other. Title: Re: Bitcoin XT question (nsa) Post by: BillyBobZorton on August 19, 2015, 03:54:32 PM I read some things about bitcoin xt lately. Some say it helps NSA with catching online criminals. How do they do it now? What is the patch? I think it has to do with IP's and tor, here is a better explanation: https://bitcointalk.org/index.php?topic=1156489.0 I also I've read Hearn and Gavin wanted to introduce some sort of checkpoints were you would need to go through to validate transactions and then you would also have loss of fungibility due colored coins. Someone needs to do an EL5 of all of this for the non super geeks. Title: Re: Bitcoin XT question (nsa) Post by: Greendragon on August 19, 2015, 03:55:46 PM So old washed coins are pretty safe?
(Not saying I have dirty coins.. but I bought few on irl that could be of a criminal you never now..) Title: Re: Bitcoin XT question (nsa) Post by: BillyBobZorton on August 19, 2015, 03:56:33 PM that is FUD. Quick ELI5: Running XT at this time is equivalent with running Core. It's the same network, and the same Bitcoins. At some point in the future, if 75% mining majority is reached (but not before January 2016), the network will split whenever a miner creates a block larger than 1MB. This will not be accepted by Core unless they adopt a large blocks patch, but will be accepted by XT, and at this point there will effectively be two chains. Running XT means that you will always be on the largest (75%+) chain, regardless of whether the fork actually happens or not. Running Core means that you will be left behind if a 75% majority is reached. Regardless of which version you run, coins will be safe (on both chains) as long as you acquired them prior to the fork, and for some time the chains will largely mirror each other. This is is a pretty weak EL5. I was asking for EL5 but this is pretty useless since it leaves being all the interesting details. Again, your stuff leaves behind all the "extra" bonuses you get with XT, start by explaining this: https://bitcointalk.org/index.php?topic=1156489.0 Title: Re: Bitcoin XT question (nsa) Post by: zeroday on August 19, 2015, 04:03:29 PM Running XT at this time is equivalent with running Core. It's the same network, and the same Bitcoins. At some point in the future, if 75% mining majority is reached (but not before January 2016), the network will split whenever a miner creates a block larger than 1MB. This will not be accepted by Core unless they adopt a large blocks patch, but will be accepted by XT, and at this point there will effectively be two chains. Tor blacklisting is not mentioned and it's worrying as this feature has direct effect on privacy. With help of XT you can initiate special ddos attack which will block TOR IPs and force users to use clearnet and reveal their locations in order to use bitcoin network. This helps NSA, CIA and other entities to locate users. |