Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: tadakaluri on August 25, 2015, 02:09:39 PM



Title: Bitcoin XT May End Up Splitting the Cryptocurrency Community
Post by: tadakaluri on August 25, 2015, 02:09:39 PM
Quote
Critics of Bitcoin XT say that the developers should just use a different name like other cryptocurrency systems, instead of trying to replace “Bitcoin.”

Even though the Bitcoin Foundation has played vital role in developing and popularizing the cryptocurrency, introducing a new blockchain may end up dividing the community. Furthermore, there is no “official” organization of this totally decentralized system and no one has the authority to “upgrade” the existing Bitcoin blockchain, critics say.

Check this interesting article at: http://paymentweek.com/2015-8-25-bitcoin-xt-may-end-up-splitting-the-cryptocurrency-community-8146/


Title: Re: Bitcoin XT May End Up Splitting the Cryptocurrency Community
Post by: ashour on August 25, 2015, 03:18:18 PM
The bitcoin vs bitcoin XT is already deciding the bitcoin community. It doesn't matte if the introduce bitcoin XT or not, people will use one for the same reason people use bitcoin over other alt coins. The most popular and known one will be used.


Title: Re: Bitcoin XT May End Up Splitting the Cryptocurrency Community
Post by: dsattler on August 25, 2015, 08:13:56 PM
IMHO Jeff Garzik's BIP100 proposal is a better way to increase the blocksize:

http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf (http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf)