Bitcoin Forum

What happens if it failes?

It means Mike and Gavin grab jobs at McDonalds, while the rest of us go back to being adults.

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.


= You will keep your BTC one way or the other.

thank you

you are welcome. and dont listen to the user "turtlehurricane".

is this the end of bitcoin?

LOL if that what it takes for you to be an adult. I think Mike and Gavin have done society a huge favor.

I'm not OP, but thanks for this response. With all the drama and attacks being thrown around, actually nonbiased information like this is hard to come by. It's hard to get the bigger picture when you don't have too much support for either side.

http://bitcoinobituaries.com/

Is this sarcasm? There are millions of ways the block size issue could be addressed. They forced the discussion and framed their questionable vision as one of only two possibilities. A crappy option, or a worse one. The fact that the XT code is riddled with code aiming at blacklisting nodes should be a huge red flag to any Gavin/Hearn supporters (and should come at no surprise).

What the hell has happened to this community? Some of you come off like you are suffering from cult of personality.

If XT fails to get near the 75% threshold, it's the most stable outcome. Nothing changes, for now.

If it reaches the 75% threshold, there are many possible outcomes. No one will lose coins they had before the fork. Those coins will still exist on both chains, or more accurately: every surviving chain. If more than one chain survives it's easy to imagine none of those coins will have much value in terms of dollars. Even if only the XT chain survives, it's easy to imagine many of the current core (Core) devs moving on. This could also be a problem for the value of what survives.

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Hey, Bitcoiners, I'm W. Landon Cox, no relation to Adam Allcocks. Just wanted to clear that up.

800 nodes lost.  ;D seems legit ... because BEFORE XT ... we don't have this nodes.  :P

Keep that advise to yourself.

Millions ways to blocksize issue huh? lol

Could well be the end of Bitcoin but who knows. Only time will tell if it will succeed and with the latest dumps it does not look good for it to ever get back up into the nice prices that where last year. Hitting into the $200 range now is a good price to buy at but for the last 3 to 4 months it has done nothing but go down and maybe some spikes up and hold for a week or so then back down.

Am looking into other cryptos that are solid and not having as much impact as bitcoin and continuing to move to other crypto due to the fact I do not see Bitcoin being strong for much longer if it continues to trend the way it has and is going.

    
Thanks for the explanation

Oh really? :/

https://i.imgur.com/y9BuMli.png

but you must admit that this scenario is by far the worst one in the history of bitcoin

one thing is certain from my point of view, if we do not fall under 220(the previous wall) it mean that the last pump may be considered fake...

It will and it'll maybe chaotic.
It fails one way or another. Market will melt down too.

Quote this as a note of someone who bashes BitcoinXT. Maybe this is what they want.

I assume readers are smart enough to figure out who supports Core, who supports XT, and who doesn't know yet. For example, meono seems to have recently made his account just for the purpose of pushing XT. Not that there's anything wrong with that. And LiteCoinGuy clearly supports XT and is trying to downplay the risks that come with a hard fork that many people oppose.

My account is new for a reason, but its not what you believe . If it bothers you too much PM Mods or Admin to find out...

It doesn't bother me, just like your homosexuality doesn't bother me. Like I said, "not that there's anything wrong with that." You can create as many accounts to push XT as you want. I assume you didn't point out that a previous poster was an "XT basher" because you were bothered. You were, presumably, trying to be informative to other readers, just like I was.

Thanks for a great explanation. This means that all of our bitcoins are safe and there is no point in fear that we can lose them, of course if we act accordingly in the near future.

Really, a lot of FUD is going around, from the responses that we will lose all if don't end up on the right chain, than that we can even double our bitcoins at one moment, etc.. All of this is hurting us, especially non techie people that will rush to the exchanges to sell. To keep our calm, we need precise info like in the post above.

you can thank the XT bashers for that. Now tell me when they have to use dirty tactics like that, what are they fearing?