What's up with all these people switching to BitcoinXT?

[TVRocky]

I've been looking around in every Bitcoin community I'm a member of, and almost every day I can see someone saying they switched to BitcoinXT.

What's up with BitcoinXT? Does it have something to do with the recent block size discussion?

[Abiky]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space 

[ibminer]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space  

Its an altcoin... and who are all of these people switching??

[nonbody]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space 

i am with the noobs, can a more seasoned member possibly help us out is it a new block chain or a fork of btc?

[ibminer]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space 

i am with the noobs, can a more seasoned member possibly help us out is it a new block chain or a fork of btc?

https://bitcointalk.org/index.php?topic=1150987.msg12120233#msg12120233

[Amph]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space  

Its an altcoin... and who are all of these people switching??

technically it's only the future upgrade of bitcoin core, not really an altcoin

i think people want to try it out, while supporting the idea of a bigger tx limit to allow more transaction per seconds, which is needed and inevitable

i can't understand really the concern about it, while chinese miners have their concern that may be seen as a good concern, normal users should not be against it ever, because they have no reason at all, besides being an hater for the lulz

[Abiky]

I was thinking about it and recently came up with this: The name BitcoiNXT might be a merge of Bitcoin and NXT. Get it?  

[nonbody]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space  

Its an altcoin... and who are all of these people switching??

technically it's only the future upgrade of bitcoin core, not really an altcoin

i think people want to try it out, while supporting the idea of a bigger tx limit to allo more transaction per seconds, which is needed and inevitable

i can't understand relly the concern about it, while chinese miners have their concern that may be seen as a good concern, normal users should not be against it ever, because they have no reason at all, besides being an hater for the lulz

in the event of a fork would all bitcoin owners or users have to send their coins to new wallets ? surely this could be a meduim sized inconvenience for some people or businesses

[Abiky]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space  

Its an altcoin... and who are all of these people switching??

technically it's only the future upgrade of bitcoin core, not really an altcoin

i think people want to try it out, while supporting the idea of a bigger tx limit to allo more transaction per seconds, which is needed and inevitable

i can't understand relly the concern about it, while chinese miners have their concern that may be seen as a good concern, normal users should not be against it ever, because they have no reason at all, besides being an hater for the lulz

in the event of a fork would all bitcoin owners or users have to send their coins to new wallets ? surely this could be a meduim sized inconvenience for some people or businesses

Why not just improve Bitcoin Core instead of making a fork? (Bitcoin XT)

[ibminer]

Why not just improve Bitcoin Core instead of making a fork? (Bitcoin XT)

It appears like Gavin had a disagreement with the other core developers and they didn't like his proposal, and so he started/joined Mike Hearn to create an altcoin

[OgNasty]

I don't even know what the hell Bitcoin XT is? Probably a new Bitcoin? Sorry for my ignorance, but I'm lost in space  

Its an altcoin... and who are all of these people switching??

technically it's only the future upgrade of bitcoin core, not really an altcoin

i think people want to try it out, while supporting the idea of a bigger tx limit to allo more transaction per seconds, which is needed and inevitable

i can't understand relly the concern about it, while chinese miners have their concern that may be seen as a good concern, normal users should not be against it ever, because they have no reason at all, besides being an hater for the lulz

I've taken to calling it a "hijack-coin" and people should be very careful supporting it.  Those with large amounts of BTC will try to make it seem like BitcoinXT has a future, just so they can dump all their soon to be worthless hijack-coins to less knowledgeable users.  No developer is bigger than Bitcoin, and this attempt at inflating egos to epic proportions is going to fail and going to hurt a lot of less knowledgeable people financially.

Best case scenario, it fails horribly and everyone can be forced to act like adults and reach consensus without attempting back alley deals to hijack the network rules.  

Worst case scenario, people are talked into supporting this for the good of Bitcoin.  It is then proven that all the hard rules we have come to base our decisions on can be changed at the whim of a few through improper channels, thus killing the vision that many of us had for the future of finance.

I can't say I know everything about this debate, but the seemingly missing piece to me is what incentives are being dangled in front of core developers to get them to act so immaturely and out of character.  The methods being used go beyond what I would expect from a disagreement of ideas on an open source project.

[smooth]

What is the percentage of nodes running Bitcoin XT?

This post smells like a cheap attempt to promote XT by creating the appearance of a bandwagon ("everyone is doing it").

How many people are actually doing it?

[TVRocky]

I don't get why people are calling it an altcoin or a hijack-coin. It's just a bitcoin fork, I downloaded it myself right after making this thread just so I could see the main differences between Core and XT.

[ibminer]

What is the percentage of nodes running Bitcoin XT?

This post smells like a cheap attempt to promote XT by creating the appearance of a bandwagon ("everyone is doing it").

How many people are actually doing it?

It almost definitely is a cheap attempt to promote XT.

Its something like 3% at the moment  
http://xtnodes.com/

[Snail2]

Are there any exchanges what taking XT? I guess if I bring a copy of my BTC wallets to the XT chain then I can dump it let's say for LTC while holding the very same BTC on the main chain.  Am I right?

[BrianM]

I've been looking around in every Bitcoin community I'm a member of, and almost every day I can see someone saying they switched to BitcoinXT.

What's up with BitcoinXT? Does it have something to do with the recent block size discussion?

They are just looking for some quick dollars. Bitcoin XT is just another altcoin, it will never be anything more. It will die out like all the other shitty coins.

[jwinterm]

Are there any exchanges what taking XT? I guess if I bring a copy of my BTC wallets to the XT chain then I can dump it let's say for LTC while holding the very same BTC on the main chain.  Am I right?

No, you're not right. If you use the Bitcoin-XT wallet to send BTC somewhere now, it will confirm on the blockchain and you won't have coins in either wallet. There will only be a fork if 75+% of the network starts running XT v0.11 I think, then after two weeks of 75+% of network running XT the fork allowing larger blocks will take effect. For now, Bitcoin-XT is just an alternate client to Bitcoin-core/Qt, like Armory, Mycelium, etc.

[rnicoll]

I've been looking around in every Bitcoin community I'm a member of, and almost every day I can see someone saying they switched to BitcoinXT.

What's up with BitcoinXT? Does it have something to do with the recent block size discussion?

They are just looking for some quick dollars. Bitcoin XT is just another altcoin, it will never be anything more. It will die out like all the other shitty coins.

Please explain how Bitcoin XT could make its developers any money compared to Bitcoin?

For everyone else; it's Bitcoin Core modified to support larger blocks, so that it's not as badly crippled in terms of maximum transactions per second. This means it's a consensus fork; it will accept blocks the current main chain will not. It does not, however, magically hand coins to its developers, and I'm disappointed at people attacking it as some sort of get-rich-quick scheme.

[Snail2]

No, you're not right. If you use the Bitcoin-XT wallet to send BTC somewhere now, it will confirm on the blockchain and you won't have coins in either wallet. There will only be a fork if 75+% of the network starts running XT v0.11 I think, then after two weeks of 75+% of network running XT the fork allowing larger blocks will take effect. For now, Bitcoin-XT is just an alternate client to Bitcoin-core/Qt, like Armory, Mycelium, etc.

Well, that's disappointing . So I have to wait until the fork happens to double spend. At this rate (~190 nodes out of something like 6000 in a month) that could take ages . BTW, are there any measures/preparation against such double spending attempts?

[BitcoinEXpress]

Have a lot of people switched?


~BCX~