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Author Topic: What happens after the Bitcoin XT fork?  (Read 612 times)
psionin (OP)
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January 07, 2016, 06:37:35 AM
Last edit: January 07, 2016, 07:34:09 AM by psionin
 #1

The increase to 8 MB blocks occurs in just a few days, triggering a fork. edit: not until supported by a majority of miners (Block increase schedule: https://en.wikipedia.org/wiki/Bitcoin_XT) (XT nodes: https://coin.dance/nodes)

Obviously, the original Bitcoin would still be functioning as normal, but are coins on the Bitcoin XT chain also going to have a market value? Is this like a stock "split"?
DannyHamilton
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January 07, 2016, 07:05:43 AM
 #2

According to the page that YOU linked to...
Quote
According to mining consensus rules. If less than 750 of the last 1000 blocks (75%) support a bigger block size, the maximum stays at 1MB.
After a block is encountered that triggers the 75% majority, a grace period of 2 weeks starts, during which the maximum stays at 1MB.

Lets take a look at how many of the last 1000 blocks have been in support of the bigger block size:

http://xtnodes.com/

Hmm.  As of January 7 2016 at 6am UTC, it looks like 0 of the last 1000 have been in support of the bigger block size.  I'm pretty sure 0 is less than 750.  Even if XT were to see the 750 threshold today, that would just trigger the 2 week grace period. I guess nothing will be "forking" any time soon.

psionin (OP)
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January 07, 2016, 07:22:39 AM
 #3

According to the page that YOU linked to...
Quote
According to mining consensus rules. If less than 750 of the last 1000 blocks (75%) support a bigger block size, the maximum stays at 1MB.
After a block is encountered that triggers the 75% majority, a grace period of 2 weeks starts, during which the maximum stays at 1MB.

Lets take a look at how many of the last 1000 blocks have been in support of the bigger block size:

http://xtnodes.com/

Hmm.  As of January 7 2016 at 6am UTC, it looks like 0 of the last 1000 have been in support of the bigger block size.  I'm pretty sure 0 is less than 750.  Even if XT were to see the 750 threshold today, that would just trigger the 2 week grace period. I guess nothing will be "forking" any time soon.



Okay, makes sense. Thanks for the explanation.
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January 07, 2016, 08:41:53 AM
 #4

nothing because there is no xt fork anymore, no one besides coinbase is going to adopt it, and coinbase was only looking at it last time i've checked

this post of theymos summarizes very well everything you need to know summarizes
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January 07, 2016, 03:44:23 PM
 #5

XT is dead my friend. Sorry for your loss, RIP Bitcoin XT.

I think the whole thing stunk from the very beginning, delighted it's been absolutely REKT.

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bhodson
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January 07, 2016, 05:47:01 PM
 #6

Thankfully we're saved from Gavin and Mike's most stupid idea of 2015. Hopefully Gavin does not come up with another suggestion like this so the developers and everyone else can get on with the real work.  As for Mike well I suggest he gets R3 to implement XT :-)
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January 07, 2016, 05:55:25 PM
 #7

The one blockchain with more "votes" will be the blockchain that prevails.
You can read more about it here:
http://avc.com/2015/08/the-bitcoin-xt-fork/
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January 07, 2016, 05:57:19 PM
 #8

XT is dead my friend. Sorry for your loss, RIP Bitcoin XT.

I think the whole thing stunk from the very beginning, delighted it's been absolutely REKT.

Here, here. Cheesy

I find it laughable that The Bitcoin Foundation still list Gavin as "Chief Scientist" as a core developer when most of his time has been spent polishing the XT turd.

Long story short, ain't gonna happen, no matter how badly the clueless idiots on reddit want it to.


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January 07, 2016, 06:04:01 PM
 #9

I also thought xt was dead, Last i heard was we were going to be getting a 2mb soft fork and then take it from there. I dont think we are quite ready for 8mb locks yet and im sure XT had ip blocking/tracking features or something along those lines.

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January 07, 2016, 06:40:28 PM
 #10

XT is a dead born child!!Everybody knows that! You just have to ckeck how much of the last 1k blocks have supported bigger blocks. Therefore a fork won't happen.
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