Im newbie in bitcoin technology, i see more people now run bitcoinXT nodes.. I want to ask whether we should install bitcoin XT  how about my bitcoin ? whether I would lose if I am not installing the bitcoin bitcoin XT ? for now there is no xt when the right consensus is reached you can start to use it, we are holding anyway and no coins will be lost in the transaction it should be like upgrading to a new version, just swap the wallet.dat and you're done |
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If bitcoin fails nobody will trust any of their money in a cryptocurrency for a long time.
i know that i will buy a shit tons just in case @OP and i'm not sure if you can really consider it an experiment and nothing else, most of the great stuff begin as an experiment, and then explode into something that will be ordinary for everyone |
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aren't they rich in bitcoin, i know that Gavin is holding a good fortune, maybe he is using something that he dumped when the price was 1200
i'm not sure but i doubt someone will use his wealth for a project that do not belong to him, but if this is the case it can show, that he actually care about bitcoin
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of course I chose gold, gold prices will always increase
yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view |
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i always wonder, if someone know, how efficient is the classic mills near the river, for generating electricity
if someone has the possibility to do it because he does not leave in a city, it should go for it
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XT already lost. The three largest mining pools in China, who own 30% of the hash rate, have already publicly said they're not willing to switch to XT.
Good. Thank F that's over.
Average block is only around 500kb right now, so there's still loads of time to come to a solution and consensus regarding blocksize before we reach the 1MB limit.
i remember that they said they are not against the 8mb change, so they are waiting that the change is incorporated in core or something? or like everyone else they are waiting for this magical alternative... |
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how is the air coming from outside, are all the windows closed? or maybe you're not pointeing the big fan in the right direction, i don't know how you setup all this
but ideally those fan should be in front of the fan of your miners and should be directed outside by using a tube which will work like a channel
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there is https://www.leet.gg/, you ca earn few btc, probably some satoshi at best(never tried it) by playing counter strike but it seems not very active, give it a shoot anyway, maybe you can like it |
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i would get rid of that internet of money thing, and do something along the line "Bitcoin: Decentralized Payment System"
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in any case the earning would be abysmally low, not worth it, it should be better for you to sell it privately to some one that may need it seriously
i expect a bigger reward if sold in this way
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i'm also in favor of the changes but not in favor of this whole mess of two possible chain, do it in the good old way with a simple upgrade to core
now that i think about it when they changed the name from QT to Core, there were no complain at all, how come?
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i want that bitcoin reaches mainstream status, so anything that is preventing this must be solved, if bigger block is needed for this then we need bigger block, if faster confirmation time is needed for this, then it must be fixed
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you don't need fiat to have btc, i never bought any of my btc, all earned through good old mining day and signature, even today you can earn a good amount via signature campaign
so there is a big gain in privacy/anonimity, fee and time, no one will know how many coins you're holding, and aside form this i find more confortable to use bitcoin than putting sensitive info like cvv in a suspicious site
Well, the vast majority of people has to buy bitcoin if they want bitcoin... yeah i know, for those people there isn't much to do besides waiting for when the wage will be payed directly with bitcoin, for now they can see more, bitcoin, as a speculation and less as a currency |
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i don't think it work in that way, the point is to not create an altcoin, so if the majority choose bitcoin xt, then so it will be, no core will exist anymore, so no double spending or other thing like that
I don't understand your position. You say" the point is to not create an altcoin", but the point is that some people are creating XT altcoin?! Are you really against creating altcoins? You say if majority choose whatever "then so be it", but some people creating XT altcoin are not happy with current choice of the majority?! Are you really happy with the choice of the majority or you support the choice of XT minority? i was saying that xt isn't altcoin, but i would find better, if they can implement those changes in core directly, i'm not against the idea of those changes, but the way that those changes are presented, it does not satisfy me much |
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he can accept what he want, but if the majority will follow a different route, he will be forced to do the same, there is no way of having a system where everyone will be happy, because he was free to accept what he believe was the right thing
if you think about it, have a consensus by few people and to have a central autorithy made of a group of people isn't so different...however this remain vastly better than any crap imposed by a central authority
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i'm sure that it must be done within the next year and before the halving if you don't wantbitcoin to remain "maimed"
remember that without bigger block there is no mainstream, in the case that this scenario will happen It will be prevented by the lack of bigger block..
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Bitcoin already forked once.
Remember what happened to the price?
if you're talking about the 2013 fork, nothing really happened, there was a minor dump after the 230 peak, but it started before the fork so it's not sure if it was cause by the fork or what |
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you don't need fiat to have btc, i never bought any of my btc, all earned through good old mining day and signature, even today you can earn a good amount via signature campaign
so there is a big gain in privacy/anonimity, fee and time, no one will know how many coins you're holding, and aside form this i find more confortable to use bitcoin than putting sensitive info like cvv in a suspicious site
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I think it stands no chance to become a sort of global currency, because of the bandwith and storage limitations of the nodes. Perhaps all the cryptocurrencies together can achieve this, but not bitcoin by itself.
All you super-optimistic guys should also take a look from an engineering perspective, in my opinion. Every transaction needs let's say 200 bytes, which need to be propagated across the whole network, and then permanently stored on the blockchain. This is not for free and has it's limits. Today it can handle 7 transactions per second at most, imagine what millions of transactions per second would do to it.
well it is no mean to be globally accepted as a global currency for the moment, but for the future, storage isn't a problem if we can have terabyte like nothing even today bandwith it may be, but if some projects like those of google with satellite internet, for everyone, will made it, we should resolve this issue also |
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If fees ever do get too crazy I'd support a block size limit increase too, but I don't expect that to happen for over a decade if ever.
i think the point is that we cannot wait that it become necessary to increase the blocksize, to actually increase it, we must forecast this, before it happen if it happen next year what you will do, proceed to fork anyway and built even a bigger mess than what we are facing right now? if it must be done at some point, it's better to do it early, it's always like that for every thing, not only bitcoin |
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