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Author Topic: Absolutely the Best explanation what will happen with SegWit2x and when!  (Read 1174 times)
Mad7Scientist
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July 20, 2017, 02:30:33 PM
 #21

The coming hard fork after the SegWit2x soft fork is the real big deal. This soft fork is controlled by miners. The hard fork is controlled by all Bitcoin users. All Bitcoin clients have to change software to use the new coin. There will be two coins!

What that time comes miners will have to keep their software (btc1) and go with the hard fork, or change software so that they stay with the old coin while still having BIP91 compatibility & SegWit with the SegWit2x hard fork specifically removed (so that only the soft fork portion is maintained), or further modify things so that they can do merged mining on both coins.
BillyBobZorton
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July 20, 2017, 03:03:44 PM
 #22

The coming hard fork after the SegWit2x soft fork is the real big deal. This soft fork is controlled by miners. The hard fork is controlled by all Bitcoin users. All Bitcoin clients have to change software to use the new coin. There will be two coins!

What that time comes miners will have to keep their software (btc1) and go with the hard fork, or change software so that they stay with the old coin while still having BIP91 compatibility & SegWit with the SegWit2x hard fork specifically removed (so that only the soft fork portion is maintained), or further modify things so that they can do merged mining on both coins.

There will be no hardfork, it's going to be fun seeing btc1 join XT, Classic, Unlimited, ABC... they are running out of names!

But of course, we will have uncertainty months which will ruin the current uptrend. Big blockers will ALWAYS run whatever positive uptrend is happening, this is how they profit from bitcoin, they set shorts then they crash the market, they are the biggest hypocrites.
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July 20, 2017, 03:38:18 PM
 #23

they are the biggest hypocrites.

People in glass houses shouldn't throw stones.  You aren't in any position to lecture people about hypocrisy.  Still awaiting a reply by the way.  Care to name a previous UASF yet?  And tell us one more time how UASF couldn't possibly result in two chains despite the fact that the clue is in the damn name.  That shit's priceless.


But of course, we will have uncertainty months which will ruin the current uptrend. Big blockers will ALWAYS run whatever positive uptrend is happening, this is how they profit from bitcoin, they set shorts then they crash the market

So you're still of the view that it doesn't take two sides to have a dispute?  Everyone agrees except for the people that disagree?  Is that it?  More fine logic from BillyBobZorton.   Roll Eyes


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radamiel
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July 20, 2017, 03:44:58 PM
 #24

I hope there is no split or hard fork on bitcoin, maybe this is just an issue, no one can be sure until the time comes, we can only wait what will happen, I think bitcoin will rise more than 30% if not split at 1 August, I guess many do not want split on bitcoin, because it will make the price down and we will suffer a loss
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July 21, 2017, 02:58:52 PM
 #25



People in glass houses shouldn't throw stones.  You aren't in any position to lecture people about hypocrisy.  Still awaiting a reply by the way.  Care to name a previous UASF yet?  

UASF was successfully used to activate P2SH soft fork (BIP16). Even Satoshi used UASF.

And tell us one more time how UASF couldn't possibly result in two chains despite the fact that the clue is in the damn name.  That shit's priceless.

Indeed, the clue is in the damn name: SOFT FORK.



So you're still of the view that it doesn't take two sides to have a dispute?  Everyone agrees except for the people that disagree?  Is that it?  More fine logic from BillyBobZorton.   Roll Eyes



In a dispute there are 2 sides: one is wrong and one is right. Big blockers are wrong.
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July 21, 2017, 04:31:38 PM
Last edit: July 21, 2017, 07:27:20 PM by DooMAD
 #26

*sigh*  
Here we go again.   Roll Eyes

People in glass houses shouldn't throw stones.  You aren't in any position to lecture people about hypocrisy.  Still awaiting a reply by the way.  Care to name a previous UASF yet?  

UASF was successfully used to activate P2SH soft fork (BIP16). Even Satoshi used UASF.

Again, a complete failure on your part to comprehend the difference between a conventional softfork and a user activated softfork.  Miners supported BIP16 and there was no need to attempt to force miners to follow the economic activity.  That was a conventionally activated softfork achieved with consensus, not some nodes vs miners "line-in-the-sand" type bullshit where nodes deliberately try to fork miners off the network unless they agree.  That has never happened in the history of Bitcoin.  There has only ever been one attempted UASF and it just got REKT.  As such no user activated softforks have ever occurred.

BIP16 was indeed a soft fork.  
It.  Was.  Not.  User.  Activated.
Learn the difference.


Here's bitcoin.org to help you out:

Quote
User Activated Soft Fork, UASF

Definition

A Soft Fork activated by flag day or node enforcement instead of miner signalling.

Synonyms

    User-activated soft fork

    UASF

Not To Be Confused With

    Miner Activated Soft Fork (a soft fork activated through miner signalling)

    Fork (a regular fork where all nodes follow the same consensus rules, so the fork is resolved once one chain has more proof of work than another)

    Hard fork (a permanent divergence in the block chain caused by non-upgraded nodes not following new consensus rules)

    Soft fork (a temporary divergence in the block chain caused by non-upgraded nodes not following new consensus rules)


To which I'm sure your reply will be something along the lines of "But it says right there soft forks are temporary, duh", but what you fail to realise is that a user activated softfork can still cause a hardfork if the miners refuse to follow.  The "softfork" part of UASF is really a misnomer in that regard.  Its very design is to force either a split or a concession.  There is no middleground.



And tell us one more time how UASF couldn't possibly result in two chains despite the fact that the clue is in the damn name.  That shit's priceless.

Indeed, the clue is in the damn name: SOFT FORK.

Indeed:  FORK.  As in TWO CHAINS.  Soft or hard doesn't make a difference when it's user activated.  In the context of UASF, Fork means two fucking chains you damned imbecile.  A reorg might eventually wipe out one of the chains, but a reorg was never guaranteed had UASF not been REKT.  The second chain might die off and be a complete non-event if it doesn't have adequate support, but again, that was never guaranteed had UASF not been REKT.  Take particular note of the emphasis on "might".  To spell it out for you, if those mights don't happen, the result is a hardfork and a permanent split.  If one group of miners had continued building on a minority UASF chain and another group of miners had continued building on a longer legacy chain, that adds up to two chains and a permanent split.  Thankfully that situation has been avoided (because UASF got REKT).

Funnily enough, that's why bitcoin.org had to put a warning up about UASF (which you in your infinite stupidity assumed was referring to "JarzikCoins").  There is clearly and undeniably a scenario in which UASF could have resulted in a permanent split and two chains.  If you are too dense to understand how that could have potentially played out, even after I've made it abundantly clear in the above paragraph, then I'm afraid I can't help you any further.  It's plain as day to everyone else with more than two brain cells to rub together, though.


In a dispute there are 2 sides: one is wrong and one is right. Big blockers are wrong.

Yet strangely, many of them appear to have a firmer grasp on both reality and the more technical aspects of Bitcoin than you do.  I doubt the other smallblockers appreciate you undermining their arguments by talking complete bollocks all the time, so you might want to work on that.  At least try to look like you know what you're talking about before spouting off.  You're letting the side down.

Or, better yet, (and more than a little off topic) you could stop perpetuating the whole bigblocker vs smallblocker ignorant tribal sect crap and just use some common sense when it comes to the issue of blocksize.  

For this last part, I'm ranting to the world in general now.  Just about everyone out there still seems to be of the impression the blocksize has to be a whole number, but not a single person has ever given even the slightest attempt at justification for why that should be.  Apparently that's too much to ask.  Why the everloving shit does it have to be 1MB vs 2MB?  What's wrong with 1.01MB and 1.02MB?  Why is that so inconceivable?  We're using a currency with eight decimal places, FFS.  Is it really beyond the realm of comprehension to add two decimal places to the blocksize and work in smaller increments?  We could avoid so much bigblocker vs smallblocker idiocy with such a simple change in scope.  There's clearly no need to double the blocksize when smaller and more frequent adjustments would suffice.    

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Iranus
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July 21, 2017, 04:39:05 PM
 #27

The coming hard fork after the SegWit2x soft fork is the real big deal. This soft fork is controlled by miners. The hard fork is controlled by all Bitcoin users. All Bitcoin clients have to change software to use the new coin. There will be two coins!

What that time comes miners will have to keep their software (btc1) and go with the hard fork, or change software so that they stay with the old coin while still having BIP91 compatibility & SegWit with the SegWit2x hard fork specifically removed (so that only the soft fork portion is maintained), or further modify things so that they can do merged mining on both coins.

There will be no hardfork
That's an oddly confident statement to make when you know that Bitcoin Cash is happening on August 1st, and that there will most likely be a block size increase to 2MB in three months due to SegWitx2.
, it's going to be fun seeing btc1 join XT, Classic, Unlimited, ABC... they are running out of names!
Those hard forks required consensus from miners.  Bitcoin Cash does not, and SegWitx2 is part of a broader agreement.*
Big blockers will ALWAYS run whatever positive uptrend is happening, this is how they profit from bitcoin, they set shorts then they crash the market, they are the biggest hypocrites.
This is tinfoil-hat level bullshit.

*Miners could break the agreement, but it seems unlikely.  Regardless, there will be at least one hard fork and also a chain split from UASF.

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dothebeats
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July 21, 2017, 04:39:21 PM
 #28

There is so much confusion around the whole process, makes you wonder if this is early growing pains or is this going to happen again in the future? The decisions made now will impact everything going forward! I'll. Try reading the information posted to gather more knowledge, but sometimes it just feels overwhelming

It really depends on how you look at it and what are your intentions why you're using bitcoin. The main point of Segwit is to solve some scaling issues that we are facing and what we might face in the future. There are too many articles around there that are circulating which explained how Segwit could help bitcoin as it grows big. But honestly, I'm still wondering how off-chain transactions would work. Still can't wrap my empty head about it.

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August 24, 2017, 01:34:14 PM
 #29

I don't understand your logic. There is no way it will not split if 2x gets so much support,
core devs already stated they'll be programming in a separate chain, and I think a lot of miners will follow.

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