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Bitcoin => Bitcoin Discussion => Topic started by: TKeenan on August 22, 2015, 02:05:51 AM



Title: It's over. Whew!
Post by: TKeenan on August 22, 2015, 02:05:51 AM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.


Title: Re: It's over. Whew!
Post by: hodedowe on August 22, 2015, 02:19:41 AM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.



The media won't be happy about that. They love that everyone was going to war over a freaking make-believe problem.


Title: Re: It's over. Whew!
Post by: slaveforanunnak1 on August 22, 2015, 02:20:14 AM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

what do you know.. their AWS free trial instances are drying up.


Title: Re: It's over. Whew!
Post by: Klestin on August 22, 2015, 02:30:47 AM
Node percentage is a fun stat to watch but in the end it's only the miners that count towards the 75%.  They're nowhere close of course, but that could change with the flip of a switch with any large miner.


Title: Re: It's over. Whew!
Post by: slaveforanunnak1 on August 22, 2015, 02:36:26 AM
Node percentage is a fun stat to watch but in the end it's only the miners that count towards the 75%.  They're nowhere close of course, but that could change with the flip of a switch with any large miner.

NSA has a big budget


Title: Re: It's over. Whew!
Post by: tadakaluri on August 22, 2015, 03:02:16 AM
But still there are XT supporters try hard to promote Bitcoin XT. The war continues till January, 2016.

My opinion is we need to support Bitcoin Core - and any changes can made to Bitcoin Core only.


Title: Re: It's over. Whew!
Post by: eternalgloom on August 22, 2015, 03:32:47 AM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.
I certainly hope you are right, we'll see in a few months probably.
But I have faith in a positive outcome :)


Title: Re: It's over. Whew!
Post by: knight22 on August 22, 2015, 03:37:34 AM
It is absolutely not over. It will be over the day a consensus is reached with a scaling solution. XT had some kind of head start and short stabilization but as the transactions increases and big players are pushing through with stress tests, it will build pressure for the market to move on to XT unless Core come up with something satisfactory enough for the XT proponents to let XT in the dust.


Title: Re: It's over. Whew!
Post by: LiteCoinGuy on August 22, 2015, 05:44:32 AM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

870 Nodes / 13,9 % in just 7 days - pretty impressive in my view :)

let us see what will happen when transaction costs will rise to 0.30 , 0.60 , 0.90 USD per transaction  ;)

http://up.picr.de/22886566ar.png


Title: Re: It's over. Whew!
Post by: Amph on August 22, 2015, 06:19:14 AM
if those nodes are not made by miners or merchants they are not so important, they are probably random users trying xt

but if big merchant/payment procesors begin to accept xt, like bitpay is going to do, then the rest will follow


Title: Re: It's over. Whew!
Post by: fryarminer on August 22, 2015, 06:23:31 AM
But still there are XT supporters try hard to promote Bitcoin XT. The war continues till January, 2016.

My opinion is we need to support Bitcoin Core - and any changes can made to Bitcoin Core only.

Agreed. Let's start by divorcing Core from Blockstream. That might save Bitcoin.


Title: Re: It's over. Whew!
Post by: slaveforanunnak1 on August 22, 2015, 06:24:09 AM
if those nodes are not made by miners or merchants they are not so important, they are probably random users trying xt

but if big merchant/payment procesors begin to accept xt, like bitpay is going to do, then the rest will follow


come on man... you're pissing in the punch pool! didn't you know the more free trial cloud instances you run with xt.... that means moar XT?


Title: Re: It's over. Whew!
Post by: Thekool1s on August 22, 2015, 06:25:05 AM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

870 Nodes / 13,9 % in just 7 days - pretty impressive in my view :)

let us see what will happen when transaction costs will rise to 0.30 , 0.60 , 0.90 USD per transaction  ;)

http://up.picr.de/22886566ar.png


if the transaction fees rises to that amount i think i wont be using bitcoin anymore for small transactions. This is what makes bitcoin great low or now fees at all


Title: Re: It's over. Whew!
Post by: knight22 on August 22, 2015, 06:25:29 AM
But still there are XT supporters try hard to promote Bitcoin XT. The war continues till January, 2016.

My opinion is we need to support Bitcoin Core - and any changes can made to Bitcoin Core only.

Agreed. Let's start by divorcing Core from Blockstream. That might save Bitcoin.

Pretty much this.


Title: Re: It's over. Whew!
Post by: Mickeyb on August 22, 2015, 07:55:51 AM
But still there are XT supporters try hard to promote Bitcoin XT. The war continues till January, 2016.

My opinion is we need to support Bitcoin Core - and any changes can made to Bitcoin Core only.

Agreed. Let's start by divorcing Core from Blockstream. That might save Bitcoin.

Pretty much this.

At the end there are about 20 major players that will decide this fight, not the nodes. Those are Chinese miners, major exchanges, Bitpay, etc..

For me, the worst thing would be to stall now and to wait until January 2016. We need a solution, we need a consensus. Especially now when this battle has started and the damage has already been done to the whole community.

We need some kind, any kind of consensus so we can leave this behind and move forward.


Title: Re: It's over. Whew!
Post by: dserrano5 on August 22, 2015, 08:58:52 AM
let us see what will happen when transaction costs will rise to 0.30 , 0.60 , 0.90 USD per transaction  ;)

And we're not under a spam attack. "attack" != "real economic activity".


Title: Re: It's over. Whew!
Post by: Denker on August 22, 2015, 09:14:22 AM
let us see what will happen when transaction costs will rise to 0.30 , 0.60 , 0.90 USD per transaction  ;)

And we're not under a spam attack. "attack" != "real economic activity".

Very important point. I'm for bigger blocks as well but the coming stress test by coinwallet is an obvious attack on the network to force people to switch to clients who support bigger blocks. At the moment this is only XT.But XT and Hearn seems fishy to me.
I hope we will find a solution with the core client to increase the blocksize.


Title: Re: It's over. Whew!
Post by: LiteCoinGuy on August 22, 2015, 11:40:11 AM
hopefully this will bring us closer to the truth:

https://scalingbitcoin.org/montreal2015/


Title: Re: It's over. Whew!
Post by: Carlton Banks on August 22, 2015, 12:02:19 PM
At the end there are about 20 major players that will decide this fight, not the nodes. Those are Chinese miners, major exchanges, Bitpay, etc..

They can choose as they please. I'm not interested in what they do, myself.

For me, the worst thing would be to stall now and to wait until January 2016. We need a solution, we need a consensus. Especially now when this battle has started and the damage has already been done to the whole community.

We need some kind, any kind of consensus so we can leave this behind and move forward.

Remember that blocks aren't full due to economic activity, as ably stated by dserrano above. The issue is only pressing because someone (who remains anonymous at present) wants to force the issue. Core devs would have perhaps another 12 months to come up with a long term solution if it were not for this unnatural pressurising.


Title: Re: It's over. Whew!
Post by: NorrisK on August 22, 2015, 12:08:35 PM
One moment of leveling off is enough to convince you that the nodes will start to drop like flies? I'm not so sure..

Also, there is still a lot of months to go for people to decide. It is not over for a long time..


Title: Re: It's over. Whew!
Post by: Lauda on August 22, 2015, 12:15:53 PM
hopefully this will bring us closer to the truth:

https://scalingbitcoin.org/montreal2015/
Well not necessarily, however let's hope that a compromise is reached and a plan gets implemented. However, we will have to be patient and wait since the second phase is going to be in late November - December.
I'm interested in a live stream. Does anyone know if there is going to be one?

I know that I'm going to watch the whole thing if there is one. There is definitely a lot of things that can be learned. It's unfortunate that it is so far away though.


Title: Re: It's over. Whew!
Post by: kevindurant on August 22, 2015, 12:17:31 PM
let us see what will happen when transaction costs will rise to 0.30 , 0.60 , 0.90 USD per transaction  ;)

I hope we will see bigger transaction fees, that would be healthier for Bitcoin economy. There is no need to be 30 cents fee but 3-5 cents fees hurt nobody.


Title: Re: It's over. Whew!
Post by: Antimon1 on August 22, 2015, 12:40:50 PM
Soo.. we can expect the bitcoin price to raise again, can't we?


Title: Re: It's over. Whew!
Post by: jonald_fyookball on August 22, 2015, 01:55:36 PM
But still there are XT supporters try hard to promote Bitcoin XT. The war continues till January, 2016.

My opinion is we need to support Bitcoin Core - and any changes can made to Bitcoin Core only.

Agreed. Let's start by divorcing Core from Blockstream. That might save Bitcoin.

best idea I've heard all week.


Title: Re: It's over. Whew!
Post by: Habeler876 on August 22, 2015, 02:27:28 PM
While number of xt nodes is starting to decline, it is still not good what is happening to the community. If we allow each group to separate us by
10% each time, bitcoin will be so divided that it will most likely loose the support it needs to continue being cutting edge.

XT dev's used block size limit and current problems of 1mb blocks to get to atleast ~10% of bitcoin users, meaning that question they are raising are not to be ignored.
Core devs needs to find and implement their solution to these problems in their core version, or we will have another group with different name, dividing us yet again.


Title: Re: It's over. Whew!
Post by: onemorexmr on August 22, 2015, 02:31:25 PM
While number of xt nodes is starting to decline, it is still not good what is happening to the community. If we allow each group to separate us by
10% each time, bitcoin will be so divided that it will most likely loose the support it needs to continue being cutting edge.

XT dev's used block size limit and current problems of 1mb blocks to get to atleast ~10% of bitcoin users, meaning that question they are raising are not to be ignored.
Core devs needs to find and implement their solution to these problems in their core version, or we will have another group with different name, dividing us yet again.

you need to realize that xt-devs are core devs and that the blocksize debate lasted for about a year.
they couldnt find a consensus and now miners are asked to make it: imho a good solution. without that hole drama / fud at btct it wouldnt even had that much of a price impact.


Title: Re: It's over. Whew!
Post by: balu2 on August 22, 2015, 02:35:31 PM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

Real xt nodes are not more than 200. The rest is fake ones.


Title: Re: It's over. Whew!
Post by: onemorexmr on August 22, 2015, 02:37:06 PM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

Real xt nodes are not more than 200. The rest is fake ones.

1) where do you got that number from
2) who cares? only number thats interesting is mined blocks...
3) even 200 nodes is not bad... xt doesnt exist very long ;)


Title: Re: It's over. Whew!
Post by: dothebeats on August 22, 2015, 03:44:54 PM
let us see what will happen when transaction costs will rise to 0.30 , 0.60 , 0.90 USD per transaction  ;)

And we're not under a spam attack. "attack" != "real economic activity".


This is what I pointed out on a thread in regards with the upcoming stress-test. If we are to scale, then we cannot relate a planned "heavy" stress-testing into what is the actual economic activity in the network. Even in days where transaction numbers peak, we don't even see the 1MB being filled.


Title: Re: It's over. Whew!
Post by: OmegaStarScream on August 22, 2015, 03:51:20 PM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

It's 901 right now , and you should know that the war between Core and XT is so far from being over  , both Mike hearn and Gavin Andersen won't stop unless they succeed to implent XT .


Title: Re: It's over. Whew!
Post by: Kprawn on August 22, 2015, 07:22:58 PM
We will see a lot more attacks on the network, while it's divided.... it's going to become heated for a couple of months. Luckily for us OpenSource does not hide any secrets. You

may think nobody spot the little things you want to sneak into bitcoin... but all eyes are on that code now. Expect some more dirty tricks before more XT people will see the light.

The Bitcoin Core side, has not played their full cards... Yet.  ;)


Title: Re: It's over. Whew!
Post by: meono on August 22, 2015, 07:27:29 PM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.

It's 901 right now , and you should know that the war between Core and XT is so far from being over  , both Mike hearn and Gavin Andersen won't stop unless they succeed to implent XT .

They cant stop even if they want to. Someone can always release bitcoinXT with BIP101. I will have my own version of BIP soon. We dont need blocksize limit because we're looking at the wrong target. Blocksize limit was used as a quick fix when Satoshi realized the spam attack.


Title: Re: It's over. Whew!
Post by: Ilove-Obama on August 22, 2015, 07:53:01 PM
OK - so that thing about blocksize is now over.  XT nodes leveled off and are now starting to actually go down.  High of 891 and now down to 870.  All they got was 800 and some change.  Not even 1/6 of the network.  

Very poor showing.  

Let's all get back to work now.


      
We'll see in a few months , it is still too early to make predictions


Title: Re: It's over. Whew!
Post by: AtheistAKASaneBrain on August 22, 2015, 08:00:56 PM
But still there are XT supporters try hard to promote Bitcoin XT. The war continues till January, 2016.

My opinion is we need to support Bitcoin Core - and any changes can made to Bitcoin Core only.

So what will happen after 2016? they will magically stop caring? I don't understand why 2016 is a deadline, they may keep pushing their agenda forever.


Title: Re: It's over. Whew!
Post by: onewiseguy on August 22, 2015, 08:11:21 PM
why is every one so pissed about bitcoin xt?  what is so bad about it?  does it not need to be done?


Title: Re: It's over. Whew!
Post by: Come-from-Beyond on August 22, 2015, 08:20:12 PM
both Mike hearn and Gavin Andersen won't stop unless they succeed to implent XT .

Right, XT will win or they have to quit cryptocurrency industry.


Title: Re: It's over. Whew!
Post by: Carlton Banks on August 22, 2015, 09:15:55 PM
The nodes have nothing to do with it, real key is mining power, and they have less than 1%... way less than 1%. Node # is easily inflated, even if they had 95% nodes if theres less than 1% mining it doesn't mean anything.

Turtle, you're consistently getting the details wrong (the above, blacklisting FUD etc). You would be more helpful communicating the problems with XT if you just stopped talking. Just join in for the chorus every now and then, or something. 


Title: Re: It's over. Whew!
Post by: xhoneyael on August 22, 2015, 09:16:14 PM
Soo.. we can expect the bitcoin price to raise again, can't we?

Bitcon's reputation has been thoroughly damaged from this, might take months for investors to feel safe investing. Media has made this sound worse than it is.

It's supported by such a small amount of miners it really isn't a dangerous situation. Eventually publicity will stop and itll die quietly.

that right it will take  a month again or until they stop..
but right now it the best time to buy some BTC you can expect a big profit
i hope they will stop now in there dream to control Bitcoin..


Title: Re: It's over. Whew!
Post by: DooMAD on August 22, 2015, 09:17:27 PM
Bitcon's reputation has been thoroughly damaged from this, might take months for investors to feel safe investing. Media has made this sound worse than it is.

You're the one making it sound worse than it is.  It's your reputation that's going to suffer.  You might scare the idiots who don't know any better, but anyone who understands the situation and isn't running around like a headless chicken will recognise you for the fraud you are.  

Eventually publicity will stop and itll die quietly.

You're giving it more publicity by continuing to talk lie about it.  Pretty sure you've started more threads about it than anyone else on the board (and spread more misinformation than everyone else combined).

When are you going to apologise for spreading the flagrant myth that using Bitcoin core means you're somehow magically immune from IP logging and blacklisting but XT has just suddenly introduced those concepts because they are teh evils?  You simply can't argue with the fact that any peer to peer software, whether it be filesharing networks, Bitcoin or something else entirely, can log or blacklist your IP.  Nodes running core can log or blacklist your IP, so it's not something that's unique to XT.  If you run a node, you can log or ban as many IPs as you like, whether you run XT or Core makes no difference.  Either you understand this simple fact and continue to talk shit regardless because you're dishonest, or you don't understand this simple fact and aren't qualified to give an opinion.  



Title: Re: It's over. Whew!
Post by: jonald_fyookball on August 22, 2015, 09:48:30 PM
Bitcon's reputation has been thoroughly damaged from this, might take months for investors to feel safe investing. Media has made this sound worse than it is.

You're the one making it sound worse than it is.  It's your reputation that's going to suffer.  You might scare the idiots who don't know any better, but anyone who understands the situation and isn't running around like a headless chicken will recognise you for the fraud you are.  

Eventually publicity will stop and itll die quietly.

You're giving it more publicity by continuing to talk lie about it.  Pretty sure you've started more threads about it than anyone else on the board (and spread more misinformation than everyone else combined).

When are you going to apologise for spreading the flagrant myth that using Bitcoin core means you're somehow magically immune from IP logging and blacklisting but XT has just suddenly introduced those concepts because they are teh evils?  You simply can't argue with the fact that any peer to peer software, whether it be filesharing networks, Bitcoin or something else entirely, can log or blacklist your IP.  Nodes running core can log or blacklist your IP, so it's not something that's unique to XT.  If you run a node, you can log or ban as many IPs as you like, whether you run XT or Core makes no difference.  Either you understand this simple fact and continue to talk shit regardless because you're dishonest, or you don't understand this simple fact and aren't qualified to give an opinion.  



I give very little credibility to turtle hurricane as he is basically spouting FUD at this point.
For example he claimed it will take decades to fill up the 1mb blocks. 
Not sure who brainwashed him, but they did a good job.



Title: Re: It's over. Whew!
Post by: Carlton Banks on August 22, 2015, 09:55:28 PM
Bitcon's reputation has been thoroughly damaged from this, might take months for investors to feel safe investing. Media has made this sound worse than it is.

You're the one making it sound worse than it is.  It's your reputation that's going to suffer.  You might scare the idiots who don't know any better, but anyone who understands the situation and isn't running around like a headless chicken will recognise you for the fraud you are.  

Eventually publicity will stop and itll die quietly.

You're giving it more publicity by continuing to talk lie about it.  Pretty sure you've started more threads about it than anyone else on the board (and spread more misinformation than everyone else combined).

When are you going to apologise for spreading the flagrant myth that using Bitcoin core means you're somehow magically immune from IP logging and blacklisting but XT has just suddenly introduced those concepts because they are teh evils?  You simply can't argue with the fact that any peer to peer software, whether it be filesharing networks, Bitcoin or something else entirely, can log or blacklist your IP.  Nodes running core can log or blacklist your IP, so it's not something that's unique to XT.  If you run a node, you can log or ban as many IPs as you like, whether you run XT or Core makes no difference.  Either you understand this simple fact and continue to talk shit regardless because you're dishonest, or you don't understand this simple fact and aren't qualified to give an opinion.  



I give very little credibility to turtle hurricane as he is basically spouting FUD at this point.
For example he claimed it will take decades to fill up the 1mb blocks.  
Not sure who brainwashed him, but they did a good job.

I take back what I said to Peter R, lol. We do have one 1 MB'er on the board, but he's spouting such nonsensical garbage that it makes a lot of sense that he is a disinformation agent of some type. Does it count towards the 1 MB advocates if he's only extolling that position for effect?  :D