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The worst-case scenario for the currency is that both Bitcoin XT and Bitcoin core continue to exist alongside each other for a long period of time, with neither fully seizing the mantle of the true heir to Nakamoto’s vision. In such a situation, the currency’s uncertain future could prove permanently damaging to its prospects.
But even if the change goes through relatively quickly, some inattentive users could find themselves out of pocket. Once the block sizes increase (which won’t happen until January 2016, and then only if 75% of the miners have switched to Bitcoin XT), the two versions of bitcoin will be incompatible. Transactions made on one version of bitcoin would not be reflected on the other, essentially rendering null any attempts to spend bitcoin on the “losing”fork after that date.
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Even if miners get to make the decision, this would probably not lead to a bitcoin split. Once it becomes clear which version is likely to prevail, all miners will have an incentive to jump on the winning bandwagon. Already, 8% of them have joined the dissident XT faction, a rapid take-up. Whether such a majority rule is the best way to run the highly complex bitcoin system, however, is an entirely different question.
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Mining Bitcoin with Solar Power is much more profitable than using electricity.
Any one already doing this?
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Imagine that I wat to buy an account, someone makes a signed message, to prove it is his account, how do i prove if he sells, thatbI bought it? Because the address he signed with is still his.
First you need to check, is this buying of an account against TOS or not!!? |
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Once at least 75% of the blocks are processed by Bitcoin XT, but no earlier than January, it will upgrade to a block size of a maximum of 8Mb (and double that limit every two years). The nodes that then still run the old “Bitcoin Core” software would find themselves excluded from the system.
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What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
So stick for the One, and my vote is for Bitcoin Core.
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It is true we have contemplated joining a class action lawsuit against Gavin and Mike if they go through with the hard fork.
Because, if you lost your Bitcoins as a result of Gavin network split - would you hold him accountable?
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The 98% should be regular transactions like job payments, Pool payments for miners, crypto exchanges, shopping, mining equipment purchases, betting and gambling.
The 1% black market is nothing to consider.
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Why are you supporting XT? Are you think there is no future for Core? Or any other reason!?
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XE uses Bitstamp rates for Bitcoin.
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Where is the Bitcoin ETF? Are you going to promote it?
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The community is divided and Bitcoin is forking: both the software and, perhaps, the block chain too. The two sides of the split are Bitcoin Core and a slight variant of the same program, called Bitcoin XT.
Communication has broken down, both sides feel they are vigorously defending decentralization and the One True Bitcoin Vision. The community is divided.
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I would sell all my Bitcoins if it cross US$1000
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Bitcoin already makes revolution in money transfer market. Users of Bitcoin growing day by day, rapidly in all over the world. Advantages of Bitcoin Payment:Freedom in Payment- With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
- You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
- You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Control and Security- Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
- Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.
- Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
- Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.
- Bitcoin can be backed up and encrypted to ensure the safety of your money.
Information is Transparent- With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
- Your public address is what is visible; however, your personal information is not tied to this.
- Anyone at anytime can verify transactions in the Bitcoin block chain.
- Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
Very Low Fees- Currently there are either no fees, or very low fees within Bitcoin payments.
- With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.
- Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
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When we have legit Bitcoin Core, Why we need this Bitcoin XT. Every one use Bitcoin Core only to avoid complications in future.
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So you are going to promote your Hashnet's Contracts (affiliate link) to this forum by using your sister name!!!?  |
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