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If there is strong community support, the hard-fork activation will likely happen around July 2017.
~not tonight dear...
Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold.
Watching fatty lose his principles for a
GG guys... GG
Although I am surprised to see anyone thought I had any principles, it does seem like the draft for the consensus is somewhat different from what I initially thought.
https://www.reddit.com/r/Bitcoin/comments/46qpua/bitcoin_roundtable_consensus_statement/
"This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the maximum effective block size, to more than 2 MB and less than 4 MB, and will only be adopted with a broad support across the entire Bitcoin community."
I've partially accepted the fact that "big blockers" have lost this round and have been trying to figure out if there's any future for Bitcoin after the miners decided to go with Core. I was very encouraged by two things today:
1. Core will commit to a HF of at least 2MB and have the code ready for July. Even if the trigger is Feb 1 2017 it would mean that a lot of the uncertainty surrounding Bitcoins viability would be gone. 2MB with Segwit would allow Bitcoin to grow on the main chain. Not much, but maybe enough for it not to experience an economic collapse.
2. Miners were explicitly threatening to ditch Core if they didn't give them a bump in the block size limit within a given time frame. That is powerful. What little I've understood from this debate is that parts of core are manipulators and lying bastards and can't be trusted, so it would be nice if someone held a gun against their heads.
However, If the miners accept the wording quoted above then this agreement is a total loss. We've seen the phrase "maximum effective block size" before. It takes into account the theoretical increase from segwit and all the other witchcraft they've been talking about lately. Bitusher even started including LN blocks into the calculations in an earlier discussion in this thread. We might end up with less than 1MB maxBlockSize on the main chain by the looks of it.
In short, I'm as disappointed in me as you are.
