Bitcoin-XT - the next big altcoin

[s1gs3gv]

Now that Mike and Gavin have announced their intention to hard fork Bitcoin to implement blocksize changes, lots of people in Bitcoin land are reasonably concerned about the breakdown of existing consensus-based BTC change control policies.

But if you think of Bitcoin-XT (horrible choice of name IMO as it reminds me of Windows-XT right away, which is enough to make anybody gag) as just another altcoin, whats the problem ? You could give it the short name BXT and nobody would complain.

Let them have an independent block chain instead of piggybacking on the Bitcoin block chain and what could go wrong ?

[MicroGuy]

Now that Mike and Gavin have announced their intention to hard fork Bitcoin to implement blocksize changes, lots of people in Bitcoin land are reasonably concerned about the breakdown of existing consensus-based BTC change control policies.

But if you think of Bitcoin-XT (horrible choice of name IMO as it reminds me of Windows-XT right away, which is enough to make anybody gag) as just another altcoin, whats the problem ? You could give it the short name BXT and nobody would complain.

Let them have an independent block chain instead of piggybacking on the Bitcoin block chain and what could go wrong ?

Let the Bitcoin bigwigs fight it out as the mighty sea of Altcoins overtakes the World!

[BIT-Sharon]

Any coin except Bitcoin can be named Altcoin, and only the position of Bitcoin can't be replaced.so...

[hua_hui]

There are always ppl who are against the increase of blocksize. Probably we could adjust the 20M blocksize increase to 8M, in order to satisfy the request of Chinese miners. Five Chinese pools take up 60% of overal bitcoin hashing power! If they choose to XT, then the XT will become the main chain. Once it launches, old bitcoin core chain will be abandoned fork in which any bitcoin has no value at all. Bitcoiners will swith to new chain as quickly as possible!

[s1gs3gv]

There are always ppl who are against the increase of blocksize. Probably we could adjust the 20M blocksize increase to 8M, in order to satisfy the request of Chinese miners. Five Chinese pools take up 60% of overal bitcoin hashing power! If they choose to XT, then the XT will become the main chain. Once it launches, old bitcoin core chain will be abandoned fork in which any bitcoin has no value at all. Bitcoiners will swith to new chain as quickly as possible!

Centralization was the death of Bitcoin. RIP.

[Nxtblg]

I'll say one thing about the BitcoinXT QT client: it's surprisingly quick. Fourteen hours ago, my computer shut down due to overheating and I had to resynch all the qt wallets I was running after I had broken out the dust vacuum. I had to delete the blocks & start again. Bitcoin QT, which I had started to synch off-and-on, was one of them. I've been running it continuously for only fourteen hours, starting with the genesis block, and I'm almost half-way done. It looks like I'll be fully synched - from start to finish, in less than 36 continuous hours.

Please remember, this is a Bitcoin qt I'm talking about. I expected it to take weeks!