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Author Topic: Why BitcoinXT might never reach consensus but also why BitcoinXT is IMPORTANT!  (Read 930 times)
knight22
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August 18, 2015, 03:30:06 AM
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There is an unnecessary ongoing war and fear mongering over the community about bitcoinXT. What people need to realize is that the only thing that will lead to a majority of honest node switching to bitcoinXT is a bloat in the blockchain itself where businesses won't be able to process the transactions they need due to a fail of bitcoin core to deliver proper scaling on time. BitcoinXT is just a fall back plan in case of a bitcoin core failure and will happen naturally if there is a need in the market. If bitcoin core delivers then nothing will happen. I don't see the point of so much fear mongering over hard forking. THERE IS AN ECONOMIC INCENTIVE TO REACH CONSENSUS NO MATTER THE OUTCOME. Releasing the code in the wild might not be pleasing some but it relieved the stress of many people about their concerns over a bitcoin core failure. If that concern reaches consensus then be it!

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meono
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August 18, 2015, 03:36:59 AM
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Let me quote one of the "good guys", so the sheeps can digest

Bitcoin is a decentralized system.

If you don't like the work Mike does, don't use it! If you don't like the direction he's going with that work, write some code yourself that goes in a different direction. If you don't like where "core" Bitcoin client development is "going", go to http://github.com/bitcoin/bitcoin and hit the "Fork" button and convince other people to join your development effort.

You people seriously misunderstand how Bitcoin works...


I think its very relevant to the topic here. Notice the date of that quote,
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August 18, 2015, 03:51:44 AM
 #3

Let me quote one of the "good guys", so the sheeps can digest

Bitcoin is a decentralized system.

If you don't like the work Mike does, don't use it! If you don't like the direction he's going with that work, write some code yourself that goes in a different direction. If you don't like where "core" Bitcoin client development is "going", go to http://github.com/bitcoin/bitcoin and hit the "Fork" button and convince other people to join your development effort.

You people seriously misunderstand how Bitcoin works...


I think its very relevant to the topic here. Notice the date of that quote,


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August 18, 2015, 09:23:57 AM
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All true!

If Bitcoin XT never reaches a majority at least it puts pressure for something to be done, hopefully before the network comes to a halt...

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August 18, 2015, 09:40:12 AM
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There is an unnecessary ongoing war and fear mongering over the community about bitcoinXT. What people need to realize is that the only thing that will lead to a majority of honest node switching to bitcoinXT is a bloat in the blockchain itself where businesses won't be able to process the transactions they need due to a fail of bitcoin core to deliver proper scaling on time. BitcoinXT is just a fall back plan in case of a bitcoin core failure and will happen naturally if there is a need in the market. If bitcoin core delivers then nothing will happen. I don't see the point of so much fear mongering over hard forking. THERE IS AN ECONOMIC INCENTIVE TO REACH CONSENSUS NO MATTER THE OUTCOME. Releasing the code in the wild might not be pleasing some but it relieved the stress of many people about their concerns over a bitcoin core failure. If that concern reaches consensus then be it!

BitcoinXT might be a fall back plan but those in charge look like they want it to succeed as the 'main' bitcoin.


Let me quote one of the "good guys", so the sheeps can digest

Bitcoin is a decentralized system.

If you don't like the work Mike does, don't use it! If you don't like the direction he's going with that work, write some code yourself that goes in a different direction. If you don't like where "core" Bitcoin client development is "going", go to http://github.com/bitcoin/bitcoin and hit the "Fork" button and convince other people to join your development effort.

You people seriously misunderstand how Bitcoin works...


I think its very relevant to the topic here. Notice the date of that quote,


I think it's a bit different if I write some code compared to the devs or people who have influence in the bitcoin community and I think most of the problem is from the confusing about what is actually happening.
kelsey
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August 18, 2015, 10:06:53 AM
 #6

BitcoinXT is just a fall back plan

there is already a btc fallback plan, tis been around awhile now, tis called litecoin  Smiley
Denker
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August 18, 2015, 10:28:55 AM
 #7

All true!

If Bitcoin XT never reaches a majority at least it puts pressure for something to be done, hopefully before the network comes to a halt...

Right. At least core devs won't any longer be able to close eyes and stick fingers in their ears and ignore what a majority of the community is looking for. However if they should continue that BS I'm sure another client with bigger blocks get's launched.I'm pretty sure about that no doubt.
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August 18, 2015, 10:51:16 AM
 #8

BitcoinXT is just a fall back plan

there is already a btc fallback plan, tis been around awhile now, tis called litecoin  Smiley

not a bad alternative at all, but i dont think this will happend.

btw this situation start to bored me, is sad that core devs cant fix it without all that noise they are doing...
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August 18, 2015, 05:00:44 PM
 #9

At this point look that only a network supporting all transactions on future looks certainly impossible.
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August 18, 2015, 07:53:29 PM
 #10

BitcoinXT is just a fall back plan

no: it's an inside job to destroy it, pure & simple:
https://www.cryptocoinsnews.com/block-size-bitcoin-not-scale-effectively/

And it has good chances to succeed even if it does not get implemented, by dividing the community, crashing the price and so expectations, and obstructing a real solution to spam (attacks or crap indifferently) like this one:

http://cointelegraph.com/news/114791/litecoin-shows-there-is-a-simple-fix-for-spam-attacks-on-bitcoin
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