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Author Topic: 44% of the network already switched to 8M blocks  (Read 3485 times)
OmegaStarScream
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August 11, 2015, 08:04:20 PM
 #21

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

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Meuh6879
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August 11, 2015, 08:19:24 PM
 #22

to be clear : if i see bitcoin XT on bitcoin.org ... i switch because the majority of the developper are agree to fork.
that's why bitcoin XT have no official page ... except on github or others linked website.

a developper that it haven't bitcoins to buy a serious domain to handle question traffic ... is not a key to touch the majority.
dropt
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August 11, 2015, 08:21:53 PM
 #23

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.
fonsie
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August 11, 2015, 08:23:57 PM
 #24

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

When the time is there and it will fork, don't go making transactions until the dust has settled and you will be fine.

I decided to no longer use a signature, because people were trolling me about it.
fonsie
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August 11, 2015, 08:25:46 PM
 #25

to be clear : if i see bitcoin XT on bitcoin.org ... i switch because the majority of the developper are agree to fork.
that's why bitcoin XT have no official page ... except on github or others linked website.

a developper that it haven't bitcoins to buy a serious domain to handle question traffic ... is not a key to touch the majority.

Why would you let the core devs decide what will happen? YOU should decide.

http://xtnodes.com/
https://bitcoinxt.software/ (will be up shortly)

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dothebeats
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August 11, 2015, 08:51:12 PM
 #26

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

Lite wallets or spv wallets rely on their servers on which chain are they using. So if, for example, xt gained 75% of the votes, all clients must switch to xt and your spv server should change too for your transactions to be valid across the network. If the 75% of the votes for xt is not yet achieve, nothing will happen.
fonsie
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August 11, 2015, 09:04:24 PM
 #27

It seems microsoft is also in favor of bigger blocks
https://getaddr.bitnodes.io/nodes/23.102.177.120-8333/

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NorrisK
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August 11, 2015, 09:06:44 PM
 #28

Didn't they already say that there would be no hardfork before 2016 anyway? I wouldn't worry too much, this is more like a voting round. The presidential seal will be switched months from now...
fonsie
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August 11, 2015, 09:09:43 PM
 #29

Didn't they already say that there would be no hardfork before 2016 anyway? I wouldn't worry too much, this is more like a voting round. The presidential seal will be switched months from now...

Yes

Requirements:

- date>2016
- consensus > 75%
- above two should remain for 2 weeks

Then bigger blocks are allowed.

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OmegaStarScream
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August 11, 2015, 09:10:40 PM
 #30

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

What the actual hell Shocked
Basically if I have right now 0.1 BTC , I won't have anything on XT later ? since you said at some point they won't be the same ... If this happens won't bitcoin just die ? I mean every signe bitcoiner will use their coins

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fonsie
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August 11, 2015, 09:11:15 PM
 #31

It seems microsoft is also in favor of bigger blocks
https://getaddr.bitnodes.io/nodes/23.102.177.120-8333/

I still don't get why some people are against bigger blocks.

Same reason that some people are against bitcoin, "brain damage"

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fonsie
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August 11, 2015, 09:12:18 PM
 #32

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

What the actual hell Shocked
Basically if I have right now 0.1 BTC , I won't have anything on XT later ? since you said at some point they won't be the same ... If this happens won't bitcoin just die ? I mean every signe bitcoiner will use their coins

NO, you will have 0.1 btc on bitcoinQT and 0.1 btc on bitcoinXT.

I decided to no longer use a signature, because people were trolling me about it.
Alley
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August 11, 2015, 09:13:32 PM
 #33

Just so its clear for everybody XT and core are the same coins right now.  No coins are changed that were made before a fork.  Only after the fork do you need to be cautious of where you get your coins.
OmegaStarScream
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August 11, 2015, 09:15:49 PM
 #34

Just so its clear for everybody XT and core are the same coins right now.  No coins are changed that were made before a fork.  Only after the fork do you need to be cautious of where you get your coins.

@fonsie too .
and when we are supposed to switch exactly , informations should be make in public and stuff right ? I'am afraid I miss that and my coins get ruined

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fonsie
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August 11, 2015, 09:16:18 PM
 #35


What the actual hell Shocked
Basically if I have right now 0.1 BTC , I won't have anything on XT later ? since you said at some point they won't be the same ... If this happens won't bitcoin just die ? I mean every signe bitcoiner will use their coins

NO, you will have 0.1 btc on bitcoinQT and 0.1 btc on bitcoinXT.

Yes, you'll double your money, for free!  Isn't it exciting?

You don't seem to be understanding the concept. But it's OK, you're still NEWBIE.

I decided to no longer use a signature, because people were trolling me about it.
fonsie
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August 11, 2015, 09:20:20 PM
 #36

Just so its clear for everybody XT and core are the same coins right now.  No coins are changed that were made before a fork.  Only after the fork do you need to be cautious of where you get your coins.

@fonsie too .
and when we are supposed to switch exactly , informations should be make in public and stuff right ? I'am afraid I miss that and my coins get ruined

Nothing will hapen before 2016 at the least, so still plenty of time for you to get familiar with the whole concept.

Keep an eye on https://getaddr.bitnodes.io/nodes/?q=70010, those nodes are running and willing to accept bigger blocks.

I decided to no longer use a signature, because people were trolling me about it.
Erdogan
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August 11, 2015, 09:26:29 PM
 #37

It's not happening yet, 44% is just a vote, but could happen soon. And if one of the two competing blockchains won't die quickly, ouch... Wink
If I were holding bitcoins now, I'd choose (temporarily) the safety of fiat. I even cancelled my low bids, just in case this turns ugly... Cool

The losing chain will disappear in hours.
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August 11, 2015, 09:28:47 PM
 #38

I think it is a good thing. More trouble more power ! It is only about decentralization (we are free to do whatever we want in the bitcoin world, so we are free to use (or not use) the bitcoin core version/bitcoin xt version Wink).\
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August 11, 2015, 09:31:07 PM
 #39

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ?  Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB.  At that point XT BTC are different than core BTC.  Whichever chain grows faster becomes the valid chain and valid BTC.  Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

And I expect every server owner to state if they switch or not.
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August 11, 2015, 09:33:04 PM
 #40

I'd rather explain Biff forking the 1955 timeline with the almanac then try to explain a bitcoin fork here.
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