who voted no?  |
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Classic should be OK with the agreement
It should stick around as a competing impl.
No. Diseases should be completely exterminated. No this agreement is made possible by the credible threat classic represented we NEED a competing impl Litecoin is a competing implementation of the Nakamoto Consensus schema described in Satoshi's whitepaper, with its own distinct socioeconomic majority. Primecoin is another alternative, competing PoW-based distributed consensus. Classic is a declaration of war, not a competing solution. Classic's raison d'etre is to "slap" Blockstream and "fire" Core, not increase tps from 3 to 6 tps. Your 'but muh credurrble threat' talking point was already debunked and demolished by no less than Bram Cohen. https://medium.com/@bramcohen/double-billing-is-not-healthy-competition-b698c345b11eRemember him? He made Bittorrent, which did for antifragile file distribution what Bitcoin does for value, thereby disrupting Napster's centralized approach. i think you misunderstand? i'm not saying having Impl.s create HF is good i'm saying when there's a hard choice to be made ( ex. how to scale bitcoin ) miners can threaten to "promote" the Classic Impl. over Core Impl. as the reference impl. because Classic is willing to do what they want. is this not EXACTLY what happened? had it not been for the empty threat made by the chinese miners, to switch to classic, would core have conceded to anything at all??? idk... if you think the answer is "no", then why do you think they use the threat in the first place? |
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ok i've been up for ~48 hours so i'm going to go drop dead, ill be back later.
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it would be nice to get some estimate as to how much hashing power behind this meeting
oh wait these are pool right?
hahahaha they own 0 hashing power
Really? How can the mining pools only be able to impose a consensus? Will the miners follow the idea? my bad i forget they speak on the behalf of their clients, and some pools are private apparently. |
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Classic is still on the table, should Core not deliver on promises...
Sorry if I missed it, but what is actually promised by Core? Is there some official statement with actual dates (obiously not referring to the powerpoint slides and twitter posts). look here : https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ffBased on the above points, the timeline will likely follow the below dates.
-SegWit is expected to be released in April 2016.
-The code for the hard-fork will therefore be available by July 2016.
-If there is strong community support, the hard-fork activation will likely happen around July 2017. |
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it would be nice to get some estimate as to how much hashing power behind this meeting
oh wait these are pool right?
hahahaha they own 0 hashing power
That's about 80% of the hashing power. Pool maintainers are delegates of their clients, they wouldn't shake hands on a decision they feel others wouldn't agree with yup this is it. |
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it would be nice to get some estimate as to how much hashing power behind this meeting
oh wait these are pool right?
hahahaha they own 0 hashing power
Nah, BW, Antpool, Bitfury, BTCC, F2Pool all run most of the hashing power on their pools. ok then, i guess this is it. |
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this could get really ugly....
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it would be nice to get some estimate as to how much hashing power behind this meeting
oh wait these are pool right?
hahahaha they own 0 hashing power
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i feel the need to "hedge" against the possibility that this wasn't it....  |
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we are not out of the woods yet....
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all i see is a PR release designed to try to keep the market calm as the whales try to pump the price on the back of the halving expectations of the hopeful. Psychological operations.
boy are poeple gonna be fucking pissed off if this turn out to be the case. |
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...
was this all for show?
 omfg i hate that guy |
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Final Statement of the meetingOn February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points: - We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.
- We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.
..... is the HF they are referring to a blocksize increase or a way of making segwit mandatory?? was this all for show? "including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB," still unclear, " non-witness data " " total size no more than 4 MB" so 2MB for this segwit crap innovation, and +1MB to blocksize?  ? totaling 4MB?? why can't they just do this :  FFS! |
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Final Statement of the meetingOn February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points: - We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.
- We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.
..... is the HF they are referring to a blocksize increase or a way of making segwit mandatory?? was this all for show? |
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I'm copying/pasting this comment from r/bitcoin, because I believe it is truthful and relevant. The CEO of a VC-backed private corporation, and a handful of Chinese miners, just unilaterally decided the future of Bitcoin. And they have the gall to call it consensus.
This is bad, really bad.
Editing this comment to respond in one place to the army of throwaway accounts jumping down my throat:
What would consensus look like? In my view there are five main groups that would need to agree on changes to Bitcoin to achieve consensus: The developers (the code), the miners (the hashpower), the nodes (the network), the exchanges and payment processors (the economic majority), and of course the users (Bitcoin early adopters). The users don't really steer the ship, they just vote by deciding to use/hold Bitcoin, and they'll vote by buying alt-coins if they don't agree with the direction the other four take.
At this meeting there are only representatives of two of those groups; the code and the hashpower. Missing from the developers are extremely important people like Gavin Andresen (Bitcoin's chief scientist), and Jeff Garzik. Missing from the hashpower is the single biggest pool Antpool and other pools like Slush, who have decided a hard fork to 2 MB needs to happen urgently, not years from now.
Calling this tiny meeting consensus? Laughable.
As to VC-backed Blockstream taking control of the Bitcoin protocol, they have a fiduciary duty to create a return for their investors. Their business plan is to profit from protocols built on top of Bitcoin, protocols that benefit from a crippled Bitcoin layer usable only for settlement. All their actions so far show they have a laser-like focus on enabling features in Bitcoin that will benefit the Lightning Network, while restricting the throughput of the Bitcoin network as much as possible until their product is ready to sell.
This will backfire, the users and the economic majority will move to a network that functions correctly. oh come on the meeting started off with chinese miners saying they will fork to classic if they can't find some agreement. this agreement ( which i believe to be segwit + 2MB few months later ) is the way forward. who is this guy? |
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Now Chinese translated version also ready, words are carefully selected by attendees to avoid any disparities between languages. |
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The consensus is " there is no consensus on anything but 1. segwit asap and 2. fuck Classic." Honey Badger continues to sleep soundly. The noise of cans being kicked down the road does not disturb him in the least. Classic is still on the table, should Core not deliver on promises... |
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anything below 460 is pure GOLD
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i recommend calling granny and telling her what happened on this historic day   same dif. |
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