Big block support observer

[unamis76]

And we have the first block mined with a client with big block support!

Block 370434 by Slush

[iCEBREAKER]

UPDATE: 201508160615UTC,



Big block supporting full nodes + NotXT nodes + Pseudonodes: 242/5898 = 4.1%

source: http://**nodes.com

It took some work, but I fixed it for you.

[RocketSingh]

BIP100 by Jeff: http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf
BIP101 by Gavin: https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki
BIP102 by Jeff: https://github.com/bitcoin/bips/pull/173/files
BIP??? by Pieter (called "BIP103" below): https://gist.github.com/sipa/c65665fc360ca7a176a6

This one needs to be added to the list in my opinion - https://bitcointalk.org/index.php?topic=1154536.0

[jl2012]

It's happening

Slush has found the first BIP101 block at height 370434, 2015-08-18 18:09:27 UTC

https://www.blocktrail.com/BTC/block/00000000000000000174419fa2ba5003e123dbd97c6982aff1863f016b04789d

[jl2012]

BIP100 by Jeff: http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf
BIP101 by Gavin: https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki
BIP102 by Jeff: https://github.com/bitcoin/bips/pull/173/files
BIP??? by Pieter (called "BIP103" below): https://gist.github.com/sipa/c65665fc360ca7a176a6

This one needs to be added to the list in my opinion - https://bitcointalk.org/index.php?topic=1154536.0

There are hundreds if not thousands of proposals like this. They won't be included unless a BIP number is assigned, or I believe it's very likely to be assigned.

[jl2012]

Slush allows miners to choose whether they want to mine a BIP101 block or non-BIP101 block: https://twitter.com/slush_pool/status/634056538190168064

[jl2012]

BIP 103 is a bad joke - 2MB in the year 2021 

This thread is not for discussion of which proposal is good or bad, so your comment is deleted.

[anton000]

bitpay

https://twitter.com/spair/status/634174754879078400

[anton000]

OKcoin

https://twitter.com/okcoinbtc/status/598412795240009728


blockchain.info

https://twitter.com/OneMorePeter/status/595676380320407553
https://twitter.com/niccary/status/595707211994763264

[knight22]

Antpool

https://twitter.com/JihanWu/status/633288343338381314

[jl2012]

Antpool

https://twitter.com/JihanWu/status/633288343338381314

This one is interesting. The sentiment is changing. If people feel the situation becomes really intolerable, they will press the nuke button

[jl2012]

Just re-posting my message on mailing list here:

There is one, and only one scenario that BitcoinXX will win: it is supported by major exchanges, merchants, and investors, and they request miners to support it. When BIP101 is activated, these exchanges will refuse to accept or exchange tokens from the old chain. Miners in the old chain can't sell their newly generated coins and can't pay the electricity bill. They will soon realize that they are mining fool's gold and will be forced to switch to the new chain or sell their ASIC. The old chain will be abandoned and has no hope to revive without a hardfork to decrease the difficulty. The dust will settle in days if not hours.

Will the adoption of BitcoinXX lead by miners? No, it won't. Actually, Chinese miners who control 60% of the network has already said that they would not adopt XX. So they must not be the leader in this revolution. Again, miners need to make sure they could sell their bitcoin in a good price, and that's not possible without support of exchanges and investors.

What about that Not-Bitcoin-XX? The creator of the spoof client may stay anonymous, but the miners cannot. 95% of the blocks come from known entities and they have to be responsible to their actions. And again, they have real money in stake. If bitcoin is destroyed, their ASIC serves at best as very inefficient heaters.

So Bitcoin-XX is basically in a win-all-or-lose-all position. It all relies on one condition: the support of major exchanges, merchants, and investors. Their consensus is what really matters. With their consensus, that could not be a Schism hardfork. Without their consensus, nothing will happen.

[nicehash]

We also shared some information about NiceHash and Bitcoin XT (nothing changes for NiceHash, we are trying to stay neutral in this matter): https://www.nicehash.com/index.jsp?p=news&id=31 … Keep on hashing

[gentlemand]

So Bitcoin-XX is basically in a win-all-or-lose-all position. It all relies on one condition: the support of major exchanges, merchants, and investors. Their consensus is what really matters. With their consensus, that could not be a Schism hardfork. Without their consensus, nothing will happen.

China is fundamentally disconnected from everywhere else though. There might be an outside possibility that certain Chinese miners and exchanges might attempt to soldier on. They don't sell in the West and Chinese traders probably barely have a clue who Coinbase or Bitpay are. It's very unlikely but if they're that turned off by XT and it's looking like a winner they might attempt it.

[knight22]

So Bitcoin-XX is basically in a win-all-or-lose-all position. It all relies on one condition: the support of major exchanges, merchants, and investors. Their consensus is what really matters. With their consensus, that could not be a Schism hardfork. Without their consensus, nothing will happen.

China is fundamentally disconnected from everywhere else though. There might be an outside possibility that certain Chinese miners and exchanges might attempt to soldier on. They don't sell in the West and Chinese traders probably barely have a clue who Coinbase or Bitpay are. It's very unlikely but if they're that turned off by XT and it's looking like a winner they might attempt it.

I am not so sure, I got the impression that big miners are selling their coins to the OTC market which can be pretty broad. hard to tell though.

[gentlemand]

I am not so sure, I got the impression that big miners are selling their coins to the OTC market which can be pretty broad. hard to tell though.

I'm sure that's very possible but I think we often underestimate how little of a shit China gives to the things drive us batty on here though.

[SimpleIn]

and it is only 2 days old. there is a reason why the software was released MONTHS before we NEED that software. because some clever folks have the ability to predict what will happen in the future and it is good to be prepared.

Yes. With such people should be friends!

[MoorChael]

Good topic! I like.

[iCEBREAKER]

Antpool

https://twitter.com/JihanWu/status/633288343338381314

This one is interesting. The sentiment is changing. If people feel the situation becomes really intolerable, they will press the nuke button

Just more cheap, obvious talk.   

"..IF we see majority has switched"

XT's legions of potential second/third movers do no good if it's too risky for the first wave of defections from Bitcoin Core's 6 year old, $5 billion socioeconomic majority.

Where are all the tweets of people declaring they can't wait to be the first to stick their necks out by accepting XTcoins?   

[jl2012]

Antpool

https://twitter.com/JihanWu/status/633288343338381314

This one is interesting. The sentiment is changing. If people feel the situation becomes really intolerable, they will press the nuke button

Just more cheap, obvious talk.   

"..IF we see majority has switched"

XT's legions of potential second/third movers do no good if it's too risky for the first wave of defections from Bitcoin Core's 6 year old, $5 billion socioeconomic majority.

Where are all the tweets of people declaring they can't wait to be the first to stick their necks out by accepting XTcoins?   

Sentiment may change very rapidly if things become really intolerable. That may happen when the fee for a standard 225 bytes tx is increased to > 1USD. We are still far from such tipping point