Bitcoin Forum

Opinion? You're an idiot

Perspectives? No such thing is happening

Solution? Go sit your ass in the corner

This is fucking awesome ! Finally people are positioning themself. Even the latest reddit post shows that all of the big companys are behind a block size increase through the BIP 100. I hope we leave this stupid consensus finding phase asap behind us. A maximum of 32 mb blocks gives us also enough of time to develop sidechains and lightning network.

All in all, awesome news!

Edit: And my little XT node is running with 20 connections.. :)

Orly? https://twitter.com/kncminer/status/631098358657077249
Nothing is happening?
Are you done spreading your lies yet in order to hold the price up to sell your bags?

I was told that we'll just have twice as many bitcoins, for free!  Won't we?
No one honestly thought that 21 million bitcoins would be enough for the whole world.  If everybody wanted to own just ONE bitcoin, blood would flow, because there isn't enough bitcoins for everyone.  Not even enough for every real American!

It's not happening yet, 44% is just a vote, but could happen soon. And if one of the two competing blockchains won't die quickly, ouch... ;)
If I were holding bitcoins now, I'd choose (temporarily) the safety of fiat. I even cancelled my low bids, just in case this turns ugly... 8)

You mean FOMO?  Like CCMF?
Do you suppose its alright to have just 21 million bitcoins for the whole wide world, and somebody told me we can only have ... i don't really understand it enough, but something about 'maximum sustained rate of 2.7 transactions per second' is what they said.  Is that lying again?

Man, that's just rude!  Sure, the guy seems a bit slow, but show me a single bitcoin enthusiast who isn't?
Who's gonna buy my coins if you keep spooking away greater fools?

Could anyone here take couple of minuts from his time to explain to me what is going on .
Bitcoin XT coins & Bitcoin Core coins aren't the same or something ? and why the value of BTc will change simply because of this  ??? RIP ? I asked once what is Bitcoin XT but they only said it's something for Peer to Peer protocol improvment and double spent crap
also what would happen for people who use Blockchain.info wallet or Lightweight wallets it's so freaking confusing . don't get anything

BitcoinXT is a fork of the BitcoinQT codebase but is mean to support blocks bigger than 1 mb. If such a block is mined, this block will be invalid on the BitcoinQT Blockchain(If the codebase stays the same) but valid on the XT blockchain. That means we would have to parallel blockchains at the same time. Depending what version the majority of the users and miners is using, the corresponding blockchain will survive and the inferior blockchain will be dumped to zero.

Why I look like the only one worried here , looks like a disaster to me to be honest . I aint an early adopter but I'am really attached to bitcoin
Also are they same coins ? could be send coins of Bitcoin Core to this XT later and use them without any issues ? or from any Lightweight wallet to this XT shit ? damn it.. confused here
If yes .. then why in the world the value will be halved as OP said

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

to be clear : if i see bitcoin XT on bitcoin.org ... i switch because the majority of the developper are agree to fork.
that's why bitcoin XT have no official page ... except on github or others linked website.

a developper that it haven't bitcoins to buy a serious domain to handle question traffic ... is not a key to touch the majority.

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

Didn't they already say that there would be no hardfork before 2016 anyway? I wouldn't worry too much, this is more like a voting round. The presidential seal will be switched months from now...

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

I still don't get why some people are against bigger blocks.

What the actual hell :o
Basically if I have right now 0.1 BTC , I won't have anything on XT later ? since you said at some point they won't be the same ... If this happens won't bitcoin just die ? I mean every signe bitcoiner will use their coins

Just so its clear for everybody XT and core are the same coins right now.  No coins are changed that were made before a fork.  Only after the fork do you need to be cautious of where you get your coins.

Yes, you'll double your money, for free!  Isn't it exciting?

@fonsie too .
and when we are supposed to switch exactly , informations should be make in public and stuff right ? I'am afraid I miss that and my coins get ruined

It's not happening yet, 44% is just a vote, but could happen soon. And if one of the two competing blockchains won't die quickly, ouch... ;)
If I were holding bitcoins now, I'd choose (temporarily) the safety of fiat. I even cancelled my low bids, just in case this turns ugly... 8)

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

I think it is a good thing. More trouble more power ! It is only about decentralization (we are free to do whatever we want in the bitcoin world, so we are free to use (or not use) the bitcoin core version/bitcoin xt version ;)).\

The # power is what decides this fork, and most of the network's #s comes from China, so is there a decentralization in there? As far as I remember, over 40 percent of the network's # comes from Chinese miners alone.

The things should not go in that way, but we should remember that miners without nodes are nothing (it is not a simple question).

I still don't get why some people are against bigger blocks.

The losing chain will disappear in hours.

Only way to trade on the old fork is privately, but nobody will be interested in that..

There'll be a small hard core of weirdos muttering in their outhouses ready to trade 'RealBitcoin' with each other. I hope it brings them joy and riches even if no one else gives a fuck.

Shall we also fork the forum to bitcoinxttalk.org?

Well not forking, we'll start with post 0 on that one.

wouldnt there be just a sub section of this forum called bitcoinxt.

similar how a alt coin sub section is done, theres no need to make another forum just for the btcxt, it only confuses people.

bitcoinXT is only the name of the wallet.. the coin is still named bitcoin  ::), come on guys....

After many miners discover that, they will just leave antpool

Yes

Requirements:

- date>2016
- consensus > 75%
- above two should remain for 2 weeks

Then bigger blocks are allowed.

There's one more requirement I believe before the hardfork would happen, and that's that the actual size of blocks should be >1MB. In this thread there's only a vote going on among miners, not a vote on supporting BitcoinXT and definitely not that 44% has already switched to 8M blocks. The OP is spreading lies on purpose to further his anti-BTC agenda, just like the others who agree with him.

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

Unlike previous forks where political consensus was achieved, this fork is guaranteed to result in conflict – the Great Blockchain Civil War starts. MPEx and others will refuse to accept any outputs contained in the Giga-blockchain, MPEx will also begin to actively attack it:

    mircea_popescu: ben_vulpes if one block's large and the other small, all i need a tx that's included in the large block but not the small one. then doublespend it on the small one, which will be rejected necessarily by the large block blockchain

    mircea_popescu: now i have bitcoin separated in two addresses, one for each chain.

    mircea_popescu: the attempt may fail, but the cost to me of this failure is not significant, so i can keep on trying until it succeeds.

    mircea_popescu: the only way to guard against it is, obviously,for the ."large" chain to maintain 1:1 identity with the "small" one. because you don't just fork bitcoin.,

    ben_vulpes: i still fail to see how you're going to make a txn that gets included in the large block chain and not the small block chain.

    artifexd: ben_vulpes: You don't. You keep sending money to yourself until it happens.

    mircea_popescu: ben_vulpes what do you mean ? it necessarily will occur.

    mircea_popescu: since one contains more txn than the other by definition.

    mircea_popescu: suppose i make 50k 1btc txn. they don't fit in a 1mn block. they do fit in a 10mb block. what now ?

As the Giga-blockchain and main-blockchain continue to grow from the fork, those actively attacking the Giga-Blockchain will create many transactions that allow their main-blockchain coins to duplicate over to the Giga-blockchain while remaining safely on the main-blockchain. The transactions that succeed can then be used to acquire more main-blockchain coins upon which the cycle repeats. Eventually the blockchain with the most financial resources behind it will continue to grow at a faster pace, while the other slowly, and eventually stops growing altogether.

It will be impossible for the Giga-chain to keep 1:1 parity with the main chain from which it forks, they contain different transaction, although some may overlap

Don't spend your BTC on the XT chain.  If your SatoshiCoins are tainted with Gavincoins and you try to spend them, catastrophic consensus failure may occur, and you will lose them.

http://qntra.net/2015/01/the-hard-fork-missile-crisis/

That's old and outdated stuff, before Bitcoin-XT came out with its consensus protocol built in. This fork will occur only when over 75% of the network is already running a Bitcoin-XT node for more than 2 weeks, so by then there's already a big majority force behind the fork. The actual percentage at the time of the fork will probably be closer to 90% or more at this point since the undecided or unwilling minority will be heavily incentivized to switch over as well and go with the rest. Before this fork even actually happens everyone is already prepared for it, except a few die hard 1MB block lovers and some BTC haters who just want to stir the pot. Their fate at this point will have already been sealed though, and they know it so they are making a lot of noise now. So the above is basically just an attempt to scare people into not running a node like Bitcoin-XT so they won't ever reach the needed 75% for a fork in the first place. I've been sitting on the fence in this whole discussion until now, but I have to admit I'm now really considering running a Bitcoin-XT node myself and cast my own vote this way. I was already convinced we need bigger blocks, I've just been waiting for the whole discussion to flesh out a bit more in case I had overseen certain things.

IS there a website where we can look at the percentage of the network between QT and XT?

Are you referring to bitcoin nodes?  http://xtnodes.com/

Total nodes there is what ? the Bitcoin-qt nodes or all nodes including XT nodes with them

Put another way, perfect is the enemy of the good.

Maybe most nodes are still syncing the blockchain? (for the ones that didn't run a full node before atleast and want to have a vote). I guess we will see a lot more XT nodes by the end of the week.

I hope people realize a vote for 8mb isnt a vote for XT its a vote for core devs to update core.