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Author Topic: Gavins recent annoucement. DO NOT panic  (Read 1320 times)
jbrnt
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May 30, 2015, 10:03:10 PM
 #21

I am thinking about choosing a chain thing. If I do not move my coins after the fork, my coins will be valid on both chains. I don't need to "choose a side" until I want to spend/send them, right?
redsn0w
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#Free market


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May 30, 2015, 10:04:16 PM
 #22

I am thinking about choosing a chain thing. If I do not move my coins after the fork, my coins will be valid on both chains. I don't need to "choose a side" until I want to spend/send them, right?

Here more info (read all the quote in that post) : https://bitcointalk.org/index.php?topic=1075210.msg11491509#msg11491509
Elwar
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May 30, 2015, 10:05:25 PM
 #23

I'll just start posting the truth on all of these FUD threads.

Here is Gavin's question on a discussion board:
Quote
What do other people think?


If we can't come to an agreement soon, then I'll ask for help
reviewing/submitting patches to Mike's Bitcoin-Xt project that implement a
big increase now that grows over time so we may never have to go through
all this rancor and debate again.

I'll then ask for help lobbying the merchant services and exchanges and
hosted wallet companies and other bitcoind-using-infrastructure companies
(and anybody who agrees with me that we need bigger blocks sooner rather
than later) to run Bitcoin-Xt instead of Bitcoin Core, and state that they
are running it. We'll be able to see uptake on the network by monitoring
client versions.

Perhaps by the time that happens there will be consensus bigger blocks are
needed sooner rather than later; if so, great! The early deployment will
just serve as early testing, and all of the software already deployed will
ready for bigger blocks.

But if there is still no consensus among developers but the "bigger blocks
now" movement is successful, I'll ask for help getting big miners to do the
same, and use the soft-fork block version voting mechanism to (hopefully)
get a majority and then a super-majority willing to produce bigger blocks.
The purpose of that process is to prove to any doubters that they'd better
start supporting bigger blocks or they'll be left behind, and to give them
a chance to upgrade before that happens.


Because if we can't come to consensus here, the ultimate authority for
determining consensus is what code the majority of merchants and exchanges
and miners are running.


--
--
Gavin Andresen

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
bizzeff9
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September 24, 2018, 01:28:30 PM
 #24

"I think 'normal' people will not bother with this shit of two coins and just sell their BTC before the fork just to be safe. There is a risk of both coins becoming worthless and certainly there is no probability of one coin of them going much higher than before zero day. So i think it's reasonable to sell ones btc and just wait for the dust to settle if you don't want to take the risk of total loss for the benefit of 'maybe' making a profit by trading the correct coins for the wrong ones. 
Alts are going to JUMP!
"
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