MicroGuy (OP)
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June 02, 2015, 12:56:40 AM
Last edit: June 02, 2015, 02:29:49 AM by MicroGuy |
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 Bitcoin enthusiasts the world over have now reached a monumental crossroads. They can remain loyal to Satoshi’s hand-picked successor, and switch over to Bitcoin XT, which will feature new and improved 20MB blocks, or they can stay with the legacy core and risk being left behind. Last Friday, in a bold move that would have made Nakamoto proud, Bitcoin Chief Scientist Gavin Andreson, announced that he would override the outdated rule of gaining consensus among core developers and hard fork Bitcoin with his friend Mike Hearn. Once these code changes are implemented, people on the old chain risk being left stranded at sea. "The purpose of this 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."Upgrading to the Bitcoin XT is as easy as downloading Bitcoin XT and copying your wallet.dat file over to the new directory. It is recommended that users upgrade to the new client before the fork. If you don’t want to get left behind, you can grab your copy of Bitcoin XT from this download link.  Once you install the software, you should see something resembling the above screenshot when navigating to the debug window. As one Bitcointalk user pointed out, both the legacy client and the XT client will work until Gavin implements the hard fork. "Network and blockchain-wise, Core and XT are exactly the same, for now. XT just has different functionality."Many Satoshi loyalists decided to begin the painless upgrade process to XT today. If you need technical support during the upgrade process, there are plenty of friendly folks ready to provide assistance at BitcoinTalk.org. Full Story: http://altcoinpress.com/2015/06/satoshi-loyalists-upgrade-to-bitcoin-xt-before-deadline/ |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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celestio
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June 02, 2015, 01:00:02 AM |
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1) Increasing the blocksize limit does nothing to solve the problem, it just prolongs it. Assuming that Bitcoin grows exponentially in the future, then the blocksize limit would have to be increased again, and again, and by then hardforking will be much more serious and dangerous.
2) Moving to Bitcoin XT with only two developers there, Mr Hearn and Mr Anderson, is a bad move towards centralization.
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"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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knight22
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--------------->¿?
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June 02, 2015, 01:02:08 AM |
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"Breaking"  |
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coinableS
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June 02, 2015, 01:03:58 AM |
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Upgrading to the Bitcoin XT is as easy and downloading Bitcoin XT and copying your wallet.dat file over to the new directory.
I'm not ready to take sides yet, I think there can be a solution where the current core devs don't break up. Also, you don't have to copy your wallet.dat. It runs on top of core and uses the same directories. Per the github: Bitcoin XT is more experimental than Bitcoin Core, and has a strong emphasis on supporting the needs of app developers and merchants. By running it you not only provide additional services to the network but help build confidence in the implementations, contributing towards consensus for inclusion in a future version of Bitcoin Core. XT uses the same data directories as Core so you can easily switch back and forth. |
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tvbcof
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June 02, 2015, 01:34:58 AM |
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... Bitcoin Chief Scientist Gavin Andreson, announced that he would override the outdated rule of gaining consensus among core developers and hard fork Bitcoin with his friend Mike Hearn. Once these code changes are implemented, people on the old chain risk being left stranded at sea. ... Many Satoshi loyalists decided to begin the painless upgrade process to XT today. If you need technical support during the upgrade process, there are plenty of friend folks ready to provide assistance at BitcoinTalk.org. I have a few question if anyone can help: After Gavin switches Bitcoin over to Mike's Bitcoin-XT project will my BTC be blacklisted if I don't meet the deadline? Also, I'm really looking forward to being able to prove my identity in order to use Bitcoin, and wonder when and how will it be accomplished on the XT fork? Will the NFC on my government issued passport be of use? |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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celestio
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June 02, 2015, 01:42:29 AM |
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... Bitcoin Chief Scientist Gavin Andreson, announced that he would override the outdated rule of gaining consensus among core developers and hard fork Bitcoin with his friend Mike Hearn. Once these code changes are implemented, people on the old chain risk being left stranded at sea. ... Many Satoshi loyalists decided to begin the painless upgrade process to XT today. If you need technical support during the upgrade process, there are plenty of friend folks ready to provide assistance at BitcoinTalk.org. I have a few question if anyone can help: After Gavin switches Bitcoin over to Mike's Bitcoin-XT project will my BTC be blacklisted if I don't meet the deadline? Also, I'm really looking forward to being able to prove my identity in order to use Bitcoin, and wonder when and how will it be accomplished on the XT fork? Will the NFC on my government issued passport be of use? I assume that's sarcasm after rereading it. The first time I read it I almost gasped, lol. |
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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MicroGuy (OP)
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June 02, 2015, 03:29:55 AM |
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After Gavin switches Bitcoin over to Mike's Bitcoin-XT project will my BTC be blacklisted if I don't meet the deadline? After the hard fork, the Bitcoins you own now will remain safe, but you will be required to upgrade in order to send or receive.  |
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TruthBear
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June 02, 2015, 04:24:18 AM |
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Will I lose all of my bit coins if I don't upgrade? I'm scared... I think it is easier to just dump. This is why common folk like me won't touch this shit. What the hell is going on!?
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seriouscoin
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June 02, 2015, 04:28:29 AM |
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btw, Idiots, if you didnt figure out yet, MicroGuy is being fcktard playing with you all. Hes an anti-bitcoin piece of shit.
I really like this new drama so far. shaken all the scumbags whos in this to be rich. I like to stack up my coins.
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TruthBear
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June 02, 2015, 04:34:28 AM |
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Will I lose all of my bit coins if I don't upgrade? I'm scared... I think it is easier to just dump. This is why common folk like me won't touch this shit. What the hell is going on!?
dump it, you're too stupid to understand shit anyway. and by dump.... i mean selling a merely couple btcs that you have.... Don't worry, I'm not the only one getting out of this mad experiment. Just look at the price plummet |
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MicroGuy (OP)
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June 02, 2015, 04:42:12 AM |
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btw, Idiots, if you didnt figure out yet, MicroGuy is being fcktard playing with you all. Hes an anti-bitcoin piece of shit.
I am not anti bitcoin. I am anti bitcoin is better than all the other coins doctrine. |
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zetaray
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June 02, 2015, 04:51:14 AM |
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When is the deadline? I searched in the internet about this and there is no info on the deadline. I am not sure there will be a fork.
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tvbcof
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June 02, 2015, 04:57:32 AM |
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When is the deadline? I searched in the internet about this and there is no info on the deadline. I am not sure there will be a fork.
Time to actually learn about bitcoin, dumbass. Your activity is over 400 and still doesnt understand shit. Also are you too dumb to read threads in this section? Many threads already explain this FUD. As the article say, there are lots of friendly and experienced Bitcoiners who are happy to help you make the transition over here on Bitcointalk. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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zetaray
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June 02, 2015, 05:06:48 AM |
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When is the deadline? I searched in the internet about this and there is no info on the deadline. I am not sure there will be a fork.
Time to actually learn about bitcoin, dumbass. Your activity is over 400 and still doesnt understand shit. Also are you too dumb to read threads in this section? Many threads already explain this FUD. Time to learn about respect, dumbass. Your activity is over 700 and still rude as shit. I am reading on this recent development now and found no info the deadline and so I am asking. It could be mentioned somewhere I missed. |
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MicroGuy (OP)
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June 02, 2015, 05:10:43 AM |
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When is the deadline? I searched in the internet about this and there is no info on the deadline. I am not sure there will be a fork.
Time to actually learn about bitcoin, dumbass. Your activity is over 400 and still doesnt understand shit. Also are you too dumb to read threads in this section? Many threads already explain this FUD. Time to learn about respect, dumbass. Your activity is over 700 and still rude as shit. I am reading on this recent development now and found no info the deadline and so I am asking. It could be mentioned somewhere I missed. Gavin has not released the Deadline. I think the best guess at this point is sometime around Feb 2016. |
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Blazed
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June 02, 2015, 05:11:06 AM |
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There is no dead line for any of this. You should read up on the recent events about the proposed 20MB block increase. The core devs are not agreeing on what should be done.
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QuestionAuthority
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You lead and I'll watch you walk away.
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June 02, 2015, 05:11:20 AM |
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When is the deadline? I searched in the internet about this and there is no info on the deadline. I am not sure there will be a fork.
Time to actually learn about bitcoin, dumbass. Your activity is over 400 and still doesnt understand shit. Also are you too dumb to read threads in this section? Many threads already explain this FUD. As the article say, there are lots of friendly and experienced Bitcoiners who are happy to help you make the transition over here on Bitcointalk. Yeah, tons of friendly helpful people ready to assist you. ROFL It's no wonder Vladimir Marchenko started a fully moderated Bitcoin forum years ago. Too bad Vladimir was a scumbag. His forum was actually pretty nice. So was his mining pool. |
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Possum577
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June 02, 2015, 05:35:09 AM |
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Why are other developers against a move to Bitcoin XT?
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anderson00673
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June 02, 2015, 05:47:45 AM |
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Why are other developers against a move to Bitcoin XT?
Because they have a conflict of interest.I suggest everyone should go listen to the audio recording in this thread. The OP is full of it. There is no deadline. Also I want to respond to the idea that increased block size will not solve the problem because the size will need to be increased. First off it is a problem that need to be addressed. If we ignore it then things will get truly bad for bitcoin. Second technology is increasing all the time. My first computer had 300MB hard drive when I was a kid, and cost (adjusted for inflation) about twice what my current laptop cost. By the time the block size get too big to handle my guess is that technology will have surpassed the point that it needs to be in order to handle more bandwidth, storage, and computing power. Third it may be a temporary fix but it is better than giving in to developers with a conflict of interest or doing nothing. |
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Kprawn
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June 02, 2015, 06:34:10 AM |
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Some of these developers already got a scent of the NEW money with Bitcoin-XT ....We have reached a point of no return. On the one hand, you have Satoshi purists, who believe the Status Quo will make NO difference AND on the other hand you have people who want to take preventative action. {Some of them with hidden agenda's} How do you bring these two groups together? We need a Nelson Mandela here, that can step back and say ...." What is the best for Bitcoin " .... NOT " What is the best for me " This is going to get messy, and it's not going to be good for Bitcoin.  |
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