I hear talking about Bittrex and how they (probably) won't be affected by a rollback. Bittrex is not the whole Magi economy. What about others? Exchanges, merchants, plain users? Transactions made after the rollback threshold, such as this one: https://chainz.cryptoid.info/xmg/tx.dws?3092428.htm , will disappear. Is this correct? Another benefit of not rolling back: preserve transactions already confirmed (not just Bittrex's!). Bittrex is main part of economy of Magi coin. After last multiple split, how we can say which of the chains are true? After future splits how you can define true chain? I am already suggest to define something like "system of trust nodes" to avoid future splitting, we did not do it, only one way left: STOP bugy chain. |
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Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?
Open poll here, I disagree that all against rollback here. And sometimes need to do unpopular things for the benefit of. Ok, so what are the benefits of a rollback for the coin or community? A blockchain rollback is definitely something that is frowned upon anywhere, it looks bad. So the benefits have to be big/huge to justify such action. Question to the question: what are the benefits to continue forking and forking? And it is not rollback, it is stop untill fix algo. |
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Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?
Open a poll here, I disagree that all against rollback here. And sometimes need to do unpopular things for the benefit of. |
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No actual meaning until a rollback happens. If XMG was moved into an exchange in blocks after the rollback, those coins disappear from the exchange. Guess who takes the loss? The exchange. Anyone who withdrew from an exchange after block 1450090, guess what happens to their XMG? Disappears.
Bittrex wallet was stoped before block 1450090 or right after it. So no loss. If you ask Bittrex support thay will not care about our rollback. Do it if you have uncertainty. |
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Yep, the XMG will still stay in trex - it will just change hands when somebody sells into BTC. Good to see some nice volatility on the exchange this evening - almost back to starting price again now.
Exactly |
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Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me. They stopped the wallet, AKA stopping deposits and withdrawals, but they didn't stop the trading. Nothing is preventing someone from selling XMG and moving the money out via bitcoin.  And as longer we will continue to rollback not to rollback as more sells will be. I predict that if you all continue to resist rollback, sells increase. |
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Let mi spik from mai hart!
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
Nothing happens with bittrex, I sayd about it previosly. Chain already stop. All minining nothing matters from #N block (see previos posts) З.Ы Let mi spik from mai hart! норм отжёг) |
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Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me. |
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Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
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problem is a rollback isn't gonna fix the issue it will just happen again unless they can figure out whats causing it
Dev will rollback only after fixing issue, current chain will help to test this fix. |
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Any worth of solo mining with 300mh?
This also applies to those who buy hash on nice or mrr services. |
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All voters against plan of dev simple try to save solo-mined coins in period of low diff. We should not listen to them, because news about rollback was previously announced.
pls have a look https://en.wikipedia.org/wiki/BlockchainWe have unknown bug in algo, therefore this is a forced measure |
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All voters against plan of dev simple try to save solo-mined coins in period of low diff. We should not listen to them, because news about rollback was previously announced.
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I think that after accepting plan with testing fixes with roollback to #N block we must bring this plan to as much as possible people to avoid potential money loss. At least post it to first page of this forum.
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@devs
if you rollback after weeks, your coin is dead!
The thing is that rollback has to be after fix, and fix needs to verify. We surely try to make it happen ASAP. Let me know your suggestions. I support dev, coin will dead if we will not do anything. |
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no, only dev can say where we are) |
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If dev not accept trusted nodes as temporary solution, that he must full STOP chain and say about it, all chain will rollover back in future from #N block. And say us which block it will be.
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I can provide 3 static ip for nodes with up to 5000 connections, and can link each with other. After hardcoding those ip in new version of wallet we can forget about splitting.
Chain will work correct and dev can calmly solve problem with splitting.
Hardcoding need to avoid connect to potential wrong nodes.
Simple rollover back is not solve anything.
Or we can simple buy VPS hosting for nodes, it costs 4$ month for 1 mounth for each. C'mon, it is simpliest and 100% working solution to stabilize chain. This is a completely centralized solution that relies on you monopolizing mining and transactions and not updating the block chains to fit your personal view of reality. Although I do trust you, who knows what a few bucks will do to the situation. LOL If you are allowing so called 'trusted' peers to connect from other mining pools who know who will be connecting to them and thus the problem is not solved. This solve problem with splitting till dev can concentrate on solving problem with splitting. In next version we will remove hardcoded nodes. |
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I can provide 3 static ip for nodes with up to 5000 connections, and can link each with other. After hardcoding those ip in new version of wallet we can forget about splitting.
dude, 3 nodes with up to 5000 connections only? troll! and what troll? All MAGI users < 5000 |
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