Just read Mike Hearn's blog post about Bitcoin XT

Mountain Jew

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Re: Just read Mike Hearn's blog post about Bitcoin XT

August 17, 2015, 06:28:30 PM

#21

Quote from: misterbigg on August 16, 2015, 04:45:22 PM

He's making a lot of sense.

Nonsense.

Quote from: cryptothreads on August 16, 2015, 05:23:02 PM

Quote from: LFC_Bitcoin on August 16, 2015, 05:08:55 PM

Mods need to create a section of the forum dedicated solely to XT. This is getting ridiculous now, there must be 20 threads a day regurgitating the same stuff. It's getting really, really boring now.
Theymos, Bad Bear what say you?

Good idea. A Sub-forum would be a good idea.

I think it's a little early for its own sub. Could die before it even gets off the ground and I think alt coin section is fine as is for now.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)

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misterbigg (OP)

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Re: Just read Mike Hearn's blog post about Bitcoin XT

August 17, 2015, 07:45:02 PM

#22

Quote from: Mountain Jew on August 17, 2015, 06:28:30 PM

Quote from: misterbigg on August 16, 2015, 04:45:22 PM

He's making a lot of sense.

Nonsense.

I was against increasing the block size for a while but I find Hearn's arguments convincing. But let me qualify that by stating that this is under the assumption that the facts he presented are correct - I haven't really dug into it because I've been out of bitcoin for a while now.

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Re: Just read Mike Hearn's blog post about Bitcoin XT

August 17, 2015, 08:15:37 PM

#23

Bank transfers can take as long as 5 to 8 business days. Bitcoin is still infinitely faster than the orthodox banking institution.

It is wrong to compare Bitcoin with something like Credit Cards, as that is technically payment processing. It's up to BitPay and future Bitcoin payment processing to figure out a mechanism to rival or exceed the utility of the credit card.

The BitcoinFX, although it has support from prominent persons, may in fact be "Lipstick on a Pig". Don't try to turn the pig into a goat. Keep Bitcoin as it is.

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