Gregory Maxwell threatens to sell his bitcoins and find other things to work on

[hund]

Why even discuss this shit?! Let's DUMP it to HELL!

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[SpanishSoldier]

Why even discuss this shit?! Let's DUMP it to HELL!

I doubt if anyone holding 100+ BTC will dump in this situation. They simply make double profit by dumping after then fork, ones with Bitcoin-QT chain and again with Bitcoin-XT chain. Anyone having minimum understanding of bitcoin trading will now buy

[AtheistAKASaneBrain]

Another misleading title.

Which part ? It is quoted from his comment as it is...

You took two things which Maxwell told and made it one-like. This will make people think in a different way. Moreover, he didn't tell "I will sell my coins and will move on with other things", instead he told, "if Bitcoin goes a centralizing route, I will find other things to work on". Both are different.

If you read the full statement that he has made, it'd be clear to you that he considers the adoption of Bitcoin-XT as the centralized route.

When the 1MB maxes out and confirmation times blow out, and the press articles appear savaging the "community" that failed, the ensuing PR disaster, and price collapse, a lot of full nodes will go dark - and then Gregory Maxwell will see the route to centralization. He might say "oops I didn't expect that", but it will be too late.

So if Maxwell doesn't want to fork and create a 20MB+ blocksize and stay with 1, what are his proposed solutions?

[hund]

Why even discuss this shit?! Let's DUMP it to HELL!

I doubt if anyone holding 100+ BTC will dump in this situation. They simply make double profit by dumping after then fork, ones with Bitcoin-QT chain and again with Bitcoin-XT chain. Anyone having minimum understanding of bitcoin trading will now buy

No sane investor would buy Bitcoin. Both forks will be worthless 100%.
Buy coins for 200$ now so you can sell Bitcoin later twice for 5$ each?

GTFO you're an ass.

[Elwar]

[SpanishSoldier]

Another misleading title.

Which part ? It is quoted from his comment as it is...

You took two things which Maxwell told and made it one-like. This will make people think in a different way. Moreover, he didn't tell "I will sell my coins and will move on with other things", instead he told, "if Bitcoin goes a centralizing route, I will find other things to work on". Both are different.

If you read the full statement that he has made, it'd be clear to you that he considers the adoption of Bitcoin-XT as the centralized route.

When the 1MB maxes out and confirmation times blow out, and the press articles appear savaging the "community" that failed, the ensuing PR disaster, and price collapse, a lot of full nodes will go dark - and then Gregory Maxwell will see the route to centralization. He might say "oops I didn't expect that", but it will be too late.

So if Maxwell doesn't want to fork and create a 20MB+ blocksize and stay with 1, what are his proposed solutions?

It is not that GMaxwell and other core devs did not agree with the problem of 1 MB cap. But, they are proposing a different solution to handle this, i.e. use of www.lightning.network and sidechains, which blockstream is working on. Though, I am not sure, how far that work is done. But, increase of cap to 20MB only delays the issue for a few more years. This is not a permanent solution as Gavin agreed too. What GMaxwell is saying is, if we do not implement the permanent solution sooner using sidechains & lightning.network and delay it for a few years, then bitcoin might grow too big to implement a fork.

Why even discuss this shit?! Let's DUMP it to HELL!

I doubt if anyone holding 100+ BTC will dump in this situation. They simply make double profit by dumping after then fork, ones with Bitcoin-QT chain and again with Bitcoin-XT chain. Anyone having minimum understanding of bitcoin trading will now buy

No sane investor would buy Bitcoin. Both forks will be worthless 100%.
Buy coins for 200$ now so you can sell Bitcoin later twice for 5$ each?

GTFO you're an ass.

Anything without logical explanation is pure BS from AltCoin shills.

[defcon23]

this thread should be moved to TRASH .. "that's just my own opinion". 

[Amitabh S]

So I keep seeing threads titles like
"Gregory Maxwell threatens to sell his bitcoins and find other things to work on" (... and so bitcoin is doomed)
or
"Gavin Threatens to Quit Bitcoin Development and Join Hearn's Fork" (... and so bitcoin is doomed)

Are those threads for real? if so, What kind of decentralized currency is this??

[pawel7777]

We know from leaked emails that the Bitcoin XT fork has been planned for a year plus

I wasn't around much lately and apparently I missed out on something big. What's Bitcoin XT fork? What/whose emails got leaked? Is there any dedicated thread about that?

[redsn0w]

this thread should be moved to TRASH .. "that's just my own opinion". 

Try to report it, but I doubt it will be moved (good luck).

So I keep seeing threads titles like
"Gregory Maxwell threatens to sell his bitcoins and find other things to work on" (... and so bitcoin is doomed)
or
"Gavin Threatens to Quit Bitcoin Development and Join Hearn's Fork" (... and so bitcoin is doomed)

Are those threads for real? if so, What kind of decentralized currency is this??

It's the coin of the insecure people, with a simple fork/proposal you can unleash these type of topics around all the forum.

We know from leaked emails that the Bitcoin XT fork has been planned for a year plus

I wasn't around much lately and apparently I missed out on something big. What's Bitcoin XT fork? What/whose emails got leaked? Is there any dedicated thread about that?

No, I don't think. BitcoinXT is only a name gave by Gavin in these days... but if you use the google search function ( keyword site:bitcointalk.org) you can find a lot of thread about the 20MB fork.

[alani123]

Here is the Reddit post linked in the OP archived, just in case. There seems to be a strong conflict between prominent members of the community. We can't be sure about how this is going to end.

https://archive.is/jyf0v https://archive.is/aeUdQ
 
Most certainly, all of us have invested a lot of time and effort into bitcoin. Reading the words of a man that has been working full time on bitcoin commitments and seeing talk about the community ''commenting suicide'' made me shiver. Certainly not the brightest times in the history of bitcoin.

Conflict is part of human nature, and we've probably gotten used to overdoses of drama within the bitcoin community. But the recent happenings are not light-hearted events in my opinion. As it was revealed the actions of few men could potentially shake bitcoin up bitcoin like it's an altcoin. Actions that from what is seems were prepared for a year's time. What's equally shocking to me is that the bitcoin community of Reddit showed minimal criticism and ready to accept experimental changes that could be proven dangerous for bitcoin.

[solex]

Another misleading title.

Which part ? It is quoted from his comment as it is...

You took two things which Maxwell told and made it one-like. This will make people think in a different way. Moreover, he didn't tell "I will sell my coins and will move on with other things", instead he told, "if Bitcoin goes a centralizing route, I will find other things to work on". Both are different.

If you read the full statement that he has made, it'd be clear to you that he considers the adoption of Bitcoin-XT as the centralized route.

When the 1MB maxes out and confirmation times blow out, and the press articles appear savaging the "community" that failed, the ensuing PR disaster, and price collapse, a lot of full nodes will go dark - and then Gregory Maxwell will see the route to centralization. He might say "oops I didn't expect that", but it will be too late.

So if Maxwell doesn't want to fork and create a 20MB+ blocksize and stay with 1, what are his proposed solutions?

Gregory recently came up with a solution, which Gavin found very interesting, and tried to work from it, but somehow he got no further useful feedback and the proposal has languished.
http://sourceforge.net/p/bitcoin/mailman/message/34100485/
It is the kind of thing that all the core dev could have worked from to get a solution - if they wanted to, but the discussion went elsewhere,

[LiteCoinGuy]

i will buy his coins for 10 USD each please 

[Guido]

Is that Greg Maxwell on reddit? I can't see any proof

what's his twitter link?
thanks

[redsn0w]

Is that Greg Maxwell on reddit? I can't see any proof

what's his twitter link?
thanks

I do not think he is registered on twitter, because on each tweet he was never tagged :

https://twitter.com/thescottrob/status/539895264807378945
https://twitter.com/jgarzik/status/532497686008967168
https://twitter.com/petertoddbtc/status/570639422279921664

Or maybe I was not so lucky and I didn't find his official and real twitter profile. However nullc seems one of his nickname and he is using it on reddit :

http://www.reddit.com/user/nullc

[Guido]

@redsn0w thanks a lot

[jonald_fyookball]

I really don't understand what Greg is saying.  He talks
a lot about problems in the reddist post... what does
he think is the solution?

[redsn0w]

@redsn0w thanks a lot

You are welcome.

I really don't understand what Greg is saying.  He talks
a lot about problems in the reddist post... what does
he think is the solution?

He is expressing his opinion and it can be wrong or also Gavin's proposal could be wrong (only time will show the truth).

[tss]

so much fake information and misconception in these posts. 
confusion will lead to panic and that's never a good sign.

it's not about fixing a problem in bitcoin (which doesn't exist as tx with proper fee will always confirm) but changing it to a programming platform.

bitcoin is not broken and will not fail if left unchanged.  as each block gets full, we will be successful. fees will go up and then tiny transactions will not afford to use bitcoin and move to alts and sidechains. 

order will be restored.

do you want bitcoin to be a currency or a smart store of data for application developers?

my vote as a miner is not to have application xyz from gavin co stuffing the bitcoin blockchain full of non bitcoin related nonsense, which i have to mine for virtually no fee as i do my part to secure the blockchain.

[oblivi]

I still don't get it.
So none of the devs know how to reach a final solution that's perpetual and doesn't require future forks before we meet the 1MB limit in 2016?