Bitcoin Forum

You think I am talking about Core vs Classic?   Only slightly.  Primarily I just want to discuss Fiat Coin vs Bitcoin seeing as how Fiat coin it seems now has a name (at least one of them does.)

But 1st the Core vs Classic skirmish, for indeed that is all it will be.... a nasty, brief skirmish where one side gets destroyed.  2 things seem clear....  

1) Classic will easily garner 75% and there will be a fork.
2) Core/Blockstream supporters seem deadset on causing as much confusion and destruction as possible.  There have been comments in support of DDOS attacks on Classic Nodes.  The lies are just growing bigger and bigger.  Those in the media willing to sell themselves as whores for some ad revenue are being used in an attempt to drum up outrage in those who don't know better.   But in the end Core passes away, and I for one Will Remember every bad actor, and will not forgive easily.  Most won't.  Blockstream and others should consider this in the days to come.  

End result here is generally going to be that Classic prevails.  At that point, once all the smoke clears, Bitcoin (the Classic Version) will be jumpstarted, and probably see a huge price increase, and development will grow wings, investment monies will again flow like wine etc.   Only thing unknown is how much confusion and damage there will be in the interimn.  If Core/Blockstream doesn't look to go quietly, traders will pull their coins a week or so before "activation" of Classic.  They won't want their trading priniciple to sit idly in the possibility of a protracted period of confusion (I say this because it will be dangerous to be moving coins around in the period that both fork chains are active - before one dies.... and if that looks like a long time - nobody wants their coins to be sitting idly and in jeopardy - and investment will flee to the safety of other coins)[/i].  Bitcoin price will see a dramatic price drop as trading money runs for the doors, and shorts heap on extra pressure (I predict a serious price bloodbath - IF Blockstream/Core supporters make it clear they are going to sabotage a clean fork).  Altcoins will be the immediate recipient of the gains.  One coin in particular.

BUT LETS TALK ABOUT THAT "ONE COIN"..... because it is clear that Ethereum has been chosen to be the primary Fiat Coin - at least for the Western World.   * Ripple may gain traction in Southeast Asia.  China will also do a coin.

WHAT IS GOING TO HAPPEN in the confusion of the short but disruptive fork, is that Ethereum is going to be releasing Homestead, and we'll see a huge jump in price, and in application buildout, and in users, and in nodes.   Its going to hit the Crypto world like a storm, and the Media will fixate on Ethereum positives, and point to the confusion in Bitcoin.  We'll know its temporary - but the masses of humanity will AGAIN see confusion/negativity/risk - while they are drumming up Ethereum Blockchain.  And it will soar!

And after the fork, and Core/Blockstream finally a good riddance memory, SOME of that money/investment will flow back into Bitcoin, but some will remain in Ethereum.   And then the real coin wars will begin......

BE FOREWARNED.... Bitcoin will soar in exaltation once the 75% supermajority is reached...... then crash into the abyss as the activation approaches.  For once I can't tell you how this one ends..... because there is going to be a surprise for you all in the midst of the chaos, and I honestly don't know how it will play out.

But for now, buckle up.... its Fork Time :)

* all hands on deck, lock and load your classic node!

Hmmm.... where to download the bitcoin classic node?

That scares me a little, even i dont undetstand enough bitcoin :/

Do you have any insider information when will it be released? So now we will have Bitcoin Core, Classic and XT...

Well - no reason to be scared.... if you are informed.  Basically, once Classic is released, people will begin immediately downloading, and miners will start mining blocks voting for Classic.  The support is there, and probably within days we'll see 750 out of 1000 classic blocks mined.  THAT 75% will trigger the fork.  But the fork will have a 30 day grace period before it "Activates".  

Its the "Activation" that you have to be aware of.  The second that deadline (which will be widely announced and pre-determined so it won't shock anyone) occurs..... IF Core/Blockstream supporters fight back, and try and keep the Cor chain running - things could get messy.  people could get "tricked" into spending their coins, or trading their coins, or moving their coins onto the Core Chain (which will be the losing chain).  Those coins will FOREVER be trapped on the Core Chain, and will most likely eventually go to Zero$.

The longer the confusion lasts (could be hours.... could be weeks / a month) the worse things will get.  But there is a solution, 2 actually....

1) Don't move your coins around.  Just get them off any small wierd exchanges that will not publically be on record as supporting the Classic Chain, and just hunker down until it is over.  Your coins will then probably return to normal value, and then start climbing again.  But it will possibly be scary.
2) If you are a trader.... you will move your coins out of Bitcoin before the Activation, and ito altcoins.  I've already moved mine into Fedcoin (Ethereum).  I'm currently 70% Ether / 30% Bitcoin.  If Core/Blockstream doesn't quit the BS.... I'll go to 90%/10%.   BUT after the dust settles, you'll see huge inflows back into Bitcoin.

But people need to be aware of what is about to happen.

Sorry for the multiple questions... do you foresee the price of ether/ethereum will increase due to the hard fork?

A hard fork will not prevail until small sized transactions (1 or 2 inputs and 1 or 2 ouputs) take many hours or days to confirm. Currently the only "My transaction won't confirm" posts are from those that don't understand the relationship to the KB size to the fee of the transaction. These transactions usually have dozens of inputs and/or outputs, creating a very large transaction with a tiny fee(less than 1000 satoshis per KB) so it takes forever to get confirmed.  Once the small transactions get 'stuck' then it will be possible for a blocksize based hard-fork to succeed.

I think a week +/-, perhaps sooner.

Well..... you can see money moving out now.  Its because people are seeing that Blockstream/Core supporters are making it clear they plan to go to war.   But this war will happen. 

1st Stage of the war is that the Classic Code becomes available.  It will be quickly adapted and will "trigger" the 2nd stage.  It is at this point that I see Bitcoin going up due to the euphoria that at least something is getting done, and hope that bitcoin will soon be rid of Core/Blockstream,a nd development can continue on normal course.

2nd Stage is the "Activation".  That is when the actual Fork occurs.  If it looks like that will get messy, then investment traders will flee like the plague.  Rumours and bad news will spread, and fear and shorts will drive price into the ground.

3rd Stage is Classic Fork emerges victorious after slaughtering Core.  Investment returns, happiness reigns.  The REAL war with Ethereum starts.

I really don't understand where you are coming from here..  I know that Ethereum has been garnering a lot of attention from the altcoin community, as it was recently pumped because of Microsoft speculations; but I really don't see how it is going to "revolutionize" the bitcoin dynamic because it is a mere form of a type of data storage, rather than a coin (I think).  Plus, I just went on poloniex to check the current price of Ethereum out of curiosity after reading your OP, and it's like down 12% or so... so I don't see what you mean by people hedging a lot of their Bitcoins into Eth.

Edit: The more I think about it, this is just a typical FUD post by a huge Eth supporter.  Maybe you should post this in the altcoin section.

Maybe you should read all my posts.  This is the 1st time I have ever mentioned Ethereum.  I have spent the past 2 weeks silently researching.  2 weeks ago I was 100% in Bitcoin.  I have always said I will end up 40/60 or 50/50 or 60/40 in Fedcoin/Bitcoin.  

I am a long time supporter of scaling intelligently.  I m on record as believing Mike Hearn / XT was a moronic, stupid path.  I am on record as thinking Core/Blockstream are filled with conflict of interest that they are ACTIVELY using as guidance in their decisions.  I detest both sides.  Classic is an intelligent, middle of the road path.  I also support Segwit, though not as a scaling solution.  I do NOT support Lightening, although it could be a brilliant part of the eventual scaling solution.  I think sidechains are actually going to ultimately be mandatory to the long term survival of Bitcoin.  But I hope someone else develops it, because right now it is BS vaporware, and I will never trust Blockstream, and never support any project they are involved in.  Although, myself and many would immediately forgive and forget if they IMMEDIATELY CEASED AND DESISTED in this counterproductive scorched earth policy path they have chosen.

But in regard to Ethereum price.  Who gives a crap?  Its up.   Its down.  Same goes for bitcoin.  I am not a trader.  I am a hodler.   But I am wise enough to know when to hodl my little a$$ over to the sidelines.  And that time is approaching.  Might as well make money doing it.   I am upfront as to what I am doig, what I am holding (percentagewise at least).  Hell - if you want a trading tip.... go buy Emercoin.  Second it hits the real exchanges it is going to soar.  I own none because I am not a trader. 

I am sticking to what I have always said.... I will diversify between Fedcoin (Ethereum in Western world) and Bitcoin

Well for one, I'm not going to read all your posts, because I don't think it's really that necessary and I wasn't trying to sound all butt hurt or anything.  I'm just saying that generally posts about altcoins will go over better in the altcoin section... Hell, I go there from time to time to read up on the new and upcoming technologies that altcoins create.  I like innovation, and am not a trader.  I think Ethereum is good for whatever purpose Microsoft sees it deemed fit, but if I'm not mistaken I think it's just a database type of platform, and not really an improved version of Bitcoin by any means necessary. It's fine if someone corrects me by shedding some new light on Ethereum, I really don't care... all I've read though, is that it's a database platform that was, I guess, bought out by Microsoft for Azure.

I think you're right though, there will have to be side chains for the longevity of Bitcoin... whether that's with altcoins or not.  In my mind, there has to be a more private side chain (which you could argue that Monero/Dash[instamined]/Zerocoin[not yet created]/Boolberry is it), a fast transaction chain (which you could argue that Litecoin/eMunie[not yet created]/etc... is it], and then the gold standard which would be Bitcoin...

I believe that there will ultimately be three coins, including Bitcoin, will go the distance that fills these niches.  Whether another altcoin comes about that proves it self worthy is one thing, but I really don't think that Ethereum functions in a way that a currency should function.

Edit: Full disclosure, I'm not a trader... just someone who is also interested in altcoins for the same reason as you.

LOL - man, you know how that old saying goes.... "I always thought he was an idiot, then he started typing and removed all doubt?"

Yeah.... that.

* Seriously.... you don't even know what ethereum is.  run along and do some research child.

LOL, and yet you still haven't provided me with information that I would want to see what the fuck your talking about.  Look, I know that I don't know anything about Ethereum... I've already told you that.  If you could act your age that you're insinuating, then you would be able to redirect me to somewhere for me to learn more.

Yeah, you really showed me...

Seriously dude, grow the fuck up.

Edit: Oh wow... lookey there... I was right  :-*

https://azure.microsoft.com/en-us/blog/ethereum-blockchain-as-a-service-now-on-azure/

Ethereum is more geared towards smart contracts and I think Ripple will be the replacement for fiat in the banking sector in the future. These institutions will want to move forward with a technology they are comfortable with and people they have built a relationship with.

Bitcoin have too much uncertainties and it will stay the currency for the people. We are going to see some nasty competition coming from ETH and Ripple on both fronts.

Yeah, I've seen that both are in the "smart contract" field and didn't really take time to look more into it.  It sounds cool in the sense that it will help web development programs, which would be paid for in "Ether" or "Ripples"... but I don't personally see the uses for it other than that.  I guess I'm not too keen on the potential uses on a mass adoption scale.

Bitcoin is mainly used as a currency though.. as well as other altcoins that use the same generic code too.  Cryptonote coins add the privacy sector of what could be implemented in a bitcoin side chain... and I guess ethereum's code could be used in a side chain too, but I really don't think that Bitcoin's devs will ever try and do something like that.  So that's why I can see different alt coins being used as a type of "side chain" in a sense.

...and yet he keeps on talking.  Fascinating.  He knows as little about Ethereum, as most average humans know about Bitcoin.  Basically nothing.  Less than nothing actually, since what he does know is mostly wrong. 

Ethereum AND Ripple are geared towards smart contracts, AND they are currnecy.  Ethereum will be chosen by the fiat banking sector in Western World primarily.  Ripple primarily in Southeastern Asia bank chains.  China will go it alone.  Bitcoin will indeed for a time hold onto its emotional attachment as the "People's Coin" (after it goes through a severe beating in the upcoming fork).

But you won't have 4 winners in the long run.  You'll have coin wars.  And the simplistic thought put out here don't begin to scratch the surface of what aspects of warfare you'll see.  I find this talk of "Bitcoin is the People's Coin" to be amusing.  The huge masses of uninformed sheep on thi planet that make up the overwhelming bulk of "The People" will use whatever their damn bank tells them to use.  An those are the coins that will get favored regulation, and those are the coins that will have enormous investment backing to develop out financial, shopping, commerce, App infrastructure.  And the Coin(s) that win that battle will be the "People's Coin".

Bitcoin is beloved by the 1 or 2% of humanity currently using it, because it is their first love.  Its an emotional thing.  But as time goes by, the relationship will mature, and practicality will prevail.  

This upcoming fork is going to have a lot to do with how Bitcoin ends up.  Not because of any inherent dangers of the fork..... but because the Fiat Coin(s) will be rolled out to the masses then - and thats when the real wars wil begin.   This little battle with Core is merely an annoying distraction.  Its getting ready to be a busy time.  The cleaner and shorter the Fork, the less damage to Bitcoin reputation amongst the masses.  And yes this is going to be VERY important.... because very very soon, ALL THE EYES OF HUMANITY are going to be focused on cryptocurrency.

Get ready.  Lock and load...... your classic node!  Lets get this over with fast once it starts.

Care to back up your defamation with hyperlinks?

It`s certainly a FUD as we have seen many for a while now. This war theory does not make much sense.

Hey GMax!  The loser is back I see.  I thought you were hiding out quivering in fear for your life or something.  More drama from the Blockstream hand wringing drama queens.    Say, Didn't you and I go through this a while back.  I am pretty sure we did, and I provided you the links, and the thread got traction, and then you went whining to loverboy Theymos, and the thread was censored.

I don't have time to play games with a manipulative, whiny, temper tantrum throwing loser like you.  Pretty soon you'll be a pariah no one will touch.  Do you think people will forget how you've behaved?   Oh hey!  I have an idea - get your lawyers to send me a scary letter!   THAT is my sandbox pal!  Courtrooms!  We'll have fun!

Now... run along kiddo.  Go find Theymos and ask him to censor this post too.  THAT's been a big winner approach hasn't it!  ROFL!!  A real big Public Relations Kudo ey??  Censorship?  Made you many friends?

calssic is going no where, miners have already expressed their disappointment with it, so there is no consensus basically for classic, let alone 75%...

core with segwit is the way to go, after that i'm curious about the next update to bring the limit even further beyond...

Dear GMAX THE LOSER!

You have accused me in writing of the illegal crime of defamation.  Unless you can prove that I have defamed you, you are guilty of libel, and subject to civil lawsuit.  I hereby demand that you immediately retract your statement accusing me of defamation.

Oh, and GMAX THE LOSER.... here are a couple of solid evidences of my claim that Blockstream/Core supporters have made supportive statemnts regarding launching illegal DDOS attacks against Classic...


and....


So sad.  It is clear that Classic is going to prevail, and all that some Blockstream/Core Supporters can resort to is illegal actions.  They are dead set on destroying Bitcoin if they can't control it.  Whiny brats.... like GMAX THE LOSER!

* see ya Gmax!  Don't let the door hit ya on the way out!

Well golly Mr.! You sure did PWN my n00b ass! I'm sorry to have troubled you with my inferior intellect, and obvious disrespect to your 190 IQ super computer of a brain.

Here, let me do you and I both a favor and let me put you on my ignore list thingy-majigga so I won't annoy you with my pointless, idiotic comments and reasonings.

Oh jeeze-la-weeze... There I go running my big mouth again. Thanks for taking the time though to correct me in my idiocracy. I'm sure to not bother you again...

::)

How could one think about DDoS'ing something relaying on thousands of segregated nodes? I don't see any point in this discussion.

I am not suggesting that any DDOS attackers will actually think they can bring down the network compeltley.  But they will be able to sow confusion, and use that as a "marketing tool".  It all part of a potential FUD campaign.... sow fear as in "Load a Classic Node and you'll be attacked".  Happens all the time.  Just because they can't win doesn't stop them from throwing an epic rage attack.  Sort of like Mike Hearn throwing an epic rage quit hissy fit, blockstream/core supporters plan on going out in equally destructive style it appears.

I think the real danger will be in the possibility of a "Code War".  Imagine this scenario.....  At the same time, or shortly after, Classic is released, Core uploads some patches designed to throw a monkey wrench into Classic.  Then, after causing hte problem, they'll launch huge PR campaigns about the dangers of everything going on.  And mass DDOS attacks will take out highly visible infrastructure players.  

IT WON'T MATTER that all of this is temporary.  All that will matter is that it gets public attention, and that fear and doubt spreads.  Remember, all Core/Blockstream supporters have to do is fight off the 75%.  But if that fails - then AFTER the 75% triggers Classic, there will be a month in which everyone is allowed to prepare for Classic, upgrade their node etc.   But what if Core/Blockstream supporters take that time launch bad code, FUD Campaigns etc.

What happens when 2 Chains emerge, and Core/Blockstream supporters decide to fight to the death for their chain?  What if there is competing Bitcoin News Media streaming out different versions of "truth" about what exchanges to use.  An uninformed bitcoin user could easily get locked into the WRONG chain, and see their bitcoins go to zero eventually, or perhaps just die slowly on the eventual Alt-Bcoin chain.

So yes, DDOS will most likely play a role in what I see unfolding.  Won't be the whole role.... but all good wars have multiple battle strategies.  And this is going to be a minor war.  Bigger war will be that taking advantage of all this confusion, Fed Coin will launch.

It is worth noting that there will be one clear <but temporary> winner in all of this.  Altcoins.  In the upcoming confusion, money is going to flow out of bitcoin into altcoins. 

Everybody needs to be careful about this.  Careful of followig a stampeding mass of people up and down the currency tradig ladders seeking a quick buck.  Because a lot of people will get burned.

If you plan on exiting and trading.... my advice is don't.  Just pick a couple of the top coins (I've stated my preferance for Ethereum as most likely to emerge as "The Fedcoin" and therefore the most likely candidate for explosive groewth) and park in them.  You can come back into Bitcoin after dust settles, and actually buy in with more coins.   OR if you have a strong stomach, just park your bitcoins outside an exchange and ride out the storm.  If you put your coins in an exchange - make sure you are sure you know what fork they are choosing.  And be damn sure that fork will be the prevailig fork.

But everyone needs to prepare for this fork in order to protect their coins.  Trust me - all the voices saying "No worries" already have made their plans.

Do your own research.

The Coin Wars will be won, with the side with the biggest pockets. Our Bitcoin community are up against entities with huge budgets to buy top

developers and inferior ones like Mike Hearn.  ::) They also have enough funding left to pay shills to troll forums like this to create confusion and panic.

Then we have competing Alt coin shills and developers on a power trip... The odds are stacked up against us to succeed. So far, we survived against

these odds.

This is how Bitcoin XT was taken down. One small poll added possibility for people to direct hashpower if they support Bitcoin XT, and after day or two under DDoS'ing they surrendered and just served Bitcoin Core.
Bitcoin XT nodes were DDoSed as well, with one user reporting local ISP serving hundred people was so overflown with traffic, its custommers could not use internet.

The message was clear: anyone who does not follow Bitcoin Core, will be DDoSed.

If more pools + more people run full nodes at once then chance for this happening is smaller, but nonzero because 1000+ nodes is still vulnerable to be DDoSed.

But then if it happens again, Bitcoin Core and Bitcoin is not option for honest people who support decentralization and free ideas, not violence and criminality.

Some of this is intimidating and the thing I don't understand and worries me is knowing when this all goes down, will there be warning?  Will there be certain signs?  I am sure there are no definitive answers to this but thanks in advance.

Classic will collapse just like XT and all the other takeover attempts since the devs don't have any substantial amount of experience and proof to run the development of the full node, therefore things will always tend to go Core's ways because simply they are the highest quality devs in the game.

Once cash is removed by TPTB, the price of Bitcoin will go to the moon and beyond since it will be the only way to circumvent the tyrannical government, fiat-coin based blockchain control. Note that we can only survive in such scenario if nodes remain decentralized (people can run nodes at home and privately).

Yes... plenty of warning.  But you may see price erosion.  Lots of it.  But it WILL come back.  But everyone that has substantial bitcoin needs to star paying attention in coming weeks.

Ethereum won't get any where near the adoption and network effects of Bitcoin any time soon. Will take years, e.g. no localbitcoins.com for Ethereum.

Meanwhile yours truly will usurp all of this shit and deliver a coin with > 1 million users before the end of 2016 (or at least the coin will be launched in 2016 and million(s) users will be attained soon thereafter). But I won't be telling you about it here on Bitcointalk.org. You'll have to find it or hear about it (which of course you eventually will if I succeed in my plans, but you will need to digg if you want to get in earlier).


See below for why I think perhaps Blockstream's Segregated Witness appears to be Trojan Horse designed to fork Bitcoin to support Sidechains and allow Blockstream to take control:

We are going to see a lot of desperate eth bagholder threads now that the price is falling.

[/quote]
And they call me crazy  ::)

And there is nothing wrong with Segregated Witness - except that idiots at Blockstream/Core are using it as a "Solution" to scaling in order to avoid actual scaling.  It most likely may be implemented at some point.   That's fine.  The primary issue at hand is hardforking to 2mb.  Coming very soon.

Now.... if Core releases Segwit in the middle of the fork, and some people are stupid enough to upgrade to it in the middle of a fork - THEN there could be problems.  Like I have said.... the clear indications are that Core/Blockstream supporters may very well do everything in their power to sabotage what should be a simple technical upgrade.

PS... and you are wrong about Ehereum.  Homestead AND Metropolis platforms are due to roll out this year.  Metropolis will feature very broad enduser rollout, and it will be rolled out by existing finaincial institutions.   So unlike all us fringe lunatics in bitcoin - this will be geared towards the masses.

Apparently you don't understand that you are talking to someone who is much more astute than you and more so than most of the guys on this forum.


You have a reading comprehension handicap. Try again:

Hey, you can move your coins into Ripple if you want.  That or Emercoin would be my next favorites.  But they won't be Fedcoin.  They will be big coins for a while though.   Hell, if you are smart - and lucky - you could probably make more money doing in and out trades of other alt coins.   But I don't trade cause it is too risky.  I HODL.  It is and has always been my strategy.  Look out on the playing field.  Pick your winners - Buy and HODL.

Its just common sense that once Fedcoin is identified, that any reasonable person would be intelligent to diversify into a dual Bitcoin/Fedcoin hodling stance.  And I'm just saying.... Ether is Fedcoin.  Arguing about that won't change the facts.

And if you read everything I have ever posted - I have warned and warned that certain actions will lead to Fedcoin.  I am anti-Fedcoin.  Not my fault Bitcoin Core/Blockstream supporters have sabotaged the Bitcoi Ecosystem.  If this had been handled with a simple 2 mb increase back in August - Bitcoin would be over $1000 now and infrastructure and investment soaring.

But it is what it is.  They opened the door wide and paved the path for Ethereum to get a strong toehold.

Thanks for the trading advice.  Good luck with your investments.

Ooops.  Sorry.  My bad.  I apologize for potentially supporting future implementations of Segwit (after it has been properly vetted and introduced by the incoming developer team - i.e. Classic Development Team) and making it appear that I support its implementation under the current seriously conflicted Core/Blockstream Dev Team, which I do not.

Your welcome, although it wasn't intended as such.  If it was my real investment advice I'd add a 50% weight to gold/silver/farmland/survival items.  Then readiness to move out of crypto alltogether in 2018/19. Brr.... shit will be way too scary by then.

Now please do understand I showed mathematically that the Chinese mining cartel 51% attacked (https://forum.bitcoin.com/ama-ask-me-anything/i-m-zooko-wilcox-ceo-of-the-zcash-company-ask-me-anything-t5413-30.html#p16271) what is essentially what will be Bitcoin Classic.

Bitcoin is dead. Long live Bitcoin!

To be honest I don't expect any Fork for the Bitcoin. There is to much money that could be harmed. At the very end there will be a consensus. But probably the Blocksize remains Low und will still give some Stress to the system.

The Doge is second cryptocoin after Bitcoin, because of many Doge users. Many sites are using Doge, so it is the fact.  ;)

Is Bitcoin being corrupted right now?

In some ways, yes. The Bitcoin Foundation is trying to establish itself as a central point of Bitcoin through which it can fund and steer development, while at the same time working together with the state and Wall Street. What's going to happen, is that governments will use the Foundation to pressure Bitcoin development in certain directions.Chief scientist and former lead-developer Gavin Andresen is paid by the Bitcoin Foundation, while his friends are the big Bitcoin-corporations. So, naturally, he's more favourable towards their outlook of Bitcoin. And if you look at his actions and decisions...He talks about Bitcoin as a payments-innovation, he developed the payments protocol, and now he's pushing to increase the blocksize limit which would raise the maximum number of transactions on the network at the cost of even further centralization of mining. That is in effect in direct opposition to the idea of Bitcoin as a decentralized, private and uncensored system.

https://bitcoinmagazine.com/articles/bitcoin-technology-worth-nothing-interview-dark-wallet-front-man-amir-taaki-1412722833

---
Does anyone know what the hell is happening?

a) normal_BTC  ... you know no fork!

b) "classic^TM"_BTC : classic as in hard forking 'just 2MB' but now with a name that sounds like you're not forking a $7 billion dolliar's decentralized chain

c) CORE ... something about side chains, lightening GMAX stuff ... tradehouse cartel product ... diamond market is controlled by very similar structuring ... https://i.imgur.com/FCqIBSM.gif

d) TX ... ??? ... to lazy to research into that dead turkey ... something giga blocks and normal blocks
https://bitcointalk.org/index.php?topic=1115016.160
https://www.reddit.com/r/Bitcoin/comments/3ilbit/mike_hearn_responds_to_xt_critics/cuiwqv6 nullc

e) ETH ... looks like long term capital saw the 'fork' in the road and dev'd a product that is forkable anytime 51% of the capital decides to add or remove features ... the life boat is already inflated ;)

f) UnLimited ... as in unlimited hardforking?

----
But because some transactions that would have been invalid under the old rules would become suddenly valid after, a hard fork requires almost unanimous consensus from every single Bitcoin holder. If consensus is not clearly achieved, miners who lag in adopting to the hard fork may reject certain transactions that would have violated the old rules, while miners who have upgraded proceed to add them to their blocks. The result: two or more chains that coexist within the Bitcoin network, creating confusion among users and wreaking havoc on the price and viability of the network’s future. Gathering the consensus required for a hard fork would be a near Herculean feat—and even then, the highly risky unintended consequences introduced by the change could be far more damaging than the ultimately manageable problem it would aim to address.

http://reason.com/archives/2016/02/02/bitcoin-is-not-dead-but

https://i.imgur.com/untx22y.jpg


and here is that "Rush Out"
https://bitcoinclassic.com/

http://www.forbes.com/sites/jasonbloomberg/2016/02/07/double-your-money-looming-hard-fork-uncovers-fatal-bitcoin-flaw/#171f7a233cef
http://www.riddellwilliams.com/blog/articles/post/hard-fork-conspiracy-treacherous

im watching intently ...

may get involved ...

#crysx

i like Ethereum but even i don't think that ETH is the solution and a replacement for bitcoin. actually i am getting tired of people making ETH bigger than it actually is.

anyways, when all said and done, i will never move from bitcoin to an altcoin i will keep majority at bitcoin forever...

I'll bet you will end up moving to an altcoin that is overwhelming more popularly used than Bitcoin.  :-X

It is long odds though.

My head is spinning after read through all these posts. We are going to hear so many opinions until something happens. I am uber new to bitcoin in general.
A lot of this stuff to me being posted seems to spread more fear into the crypto community than any type of clarity.
Just my two cents

We are hard forking bitcoin to a 2 MB blocksize limit. Please join us.

Please, Please, Please.

signed,

Developers

    Jonathan Toomim
    Gavin Andresen
    Ahmed Bodiwala
    Jeff Garzik
    Peter Rizun

Miners

    Bitmain/Antpool
    BitFury
    BW.COM
    HAOBTC.com
    KnCMiner
    Genesis Mining
    Avalon Miner

Companies

    Coinbase
    OKCoin
    Bitstamp
    Blockchain.info (Peter Smith)
    Xapo
    Bitcoin.com
    Foldapp
    Bread Wallet
    Snapcard.io
    Cubits
    Vaultoro
    Coinify
    Bitso
    Bitnet
    BitOasis
    Lamassu
    BlockCypher
    BitQuick.co
    itBit
    BitAccess
    Coinfinity
    Chronos Crypto

Users

    Olivier Janssens
    Roger Ver
    Peter Ng

 

nice breakdown.  This helps in understanding more of what is going on.  I am trying to keep up. ???

- Bitcoin Normal (https://bitcoin.org/)
- Bitcoin Core (https://bitcoincore.org/)
- Bitcoin Classic (https://www.bitcoinclassic.com/)
- Bitcoin Unlimited (http://www.bitcoinunlimited.info/)
- ETH (in my opinion is one of these BTC fork offs just more shrewd)

---
of the alternatives (ALTs) which are best suited to handle heavy transaction loads?

BTS claims some super capabilities
Digi has always pitched wanting to handle VISA card levels
LTC-Doge combo might have the network hash power

others?