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turtlehurricane (OP)
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August 18, 2015, 10:28:57 AM
Last edit: September 27, 2015, 01:24:29 PM by turtlehurricane |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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tadakaluri
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August 18, 2015, 10:41:32 AM |
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What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
So stick for the One, and my vote is for Bitcoin Core.
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pedrog
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Activity: 2786
Merit: 1031
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August 18, 2015, 10:44:10 AM |
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What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
How exactly is that going to happen? |
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Carlton Banks
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Activity: 3430
Merit: 3071
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August 18, 2015, 10:50:31 AM |
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What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
How exactly is that going to happen? Indeed, that's the opposite of what will happen. If you have 1 BTC pre-fork, then post-fork you have 1 BTC on Core + 1 BTC on XT. |
Vires in numeris
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turvarya
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August 18, 2015, 10:53:05 AM |
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What does mining have to do with full nodes? You, again, fail to understand fundamentals of Bitcoin. If you look at http://xtnodes.com/ you see, that "Bitcoin XT nodes" and "BIP#101 mined-blocks" are two different characteristic numbers. How many of the "normal" full-nodes are virtual servers? Have you researched that? I don't see any problems with virtual servers. In my company every server is a virtual server. That is nothing unusual. It means, that you can scale them better for their purpose. |
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DarkHyudrA
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Merit: 1000
English <-> Portuguese translations
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August 18, 2015, 10:55:02 AM |
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What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
So stick for the One, and my vote is for Bitcoin Core.
That's why you are avoiding XT? Because of bs? I don't know if I want to slap or laught at everyone that didn't understand what is a fork. |
English <-> Brazilian Portuguese translations
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turvarya
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August 18, 2015, 11:15:29 AM |
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What does mining have to do with full nodes? You, again, fail to understand fundamentals of Bitcoin. If you look at http://xtnodes.com/ you see, that "Bitcoin XT nodes" and "BIP#101 mined-blocks" are two different characteristic numbers. How many of the "normal" full-nodes are virtual servers? Have you researched that? I don't see any problems with virtual servers. In my company every server is a virtual server. That is nothing unusual. It means, that you can scale them better for their purpose. I've said nodes doesn't indicate mining power in every post in this thread. Thanks for the insult though. You wrote: Free virtual servers have little power so they're obviously not mining, and won't help Bitcoin XT gain ability to take over the network. Which doesn't make any sense at all. Most miners are not even full nodes, since they just connect to their pool, which is a full node. I don't know, why anybody would think, that full nodes and miners have much to do with each other, but you suggest, that that is a common belief. Which is another retarded thing in this whole discussion. Why would anybody run a NotBitcoinXT nodes, other than to trying to hurt Bitcoin at all? Miners for sure wouldn't do that, since they are revenue oriented and it would just hurt themself to cause such a confusion. |
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zeroday
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August 18, 2015, 11:31:55 AM |
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There are 100% of non-XT (Non-BIP101) blocks. They have zero hashing power yet.
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ashour
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August 18, 2015, 12:17:13 PM |
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Interesting, but what will happen when the trial ends and the nodes shut down ? Will the transactions need more time to proceed ?
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arnuschky
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August 18, 2015, 12:46:23 PM |
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No less than 250 nodes are virtual servers from Amazon, Microsoft, Digital Ocean, etc. Seems like almost every company that offers free trials has at least a handful of Bitcoin XT servers.
This data is meaningless if you don't compare it against the stats of nodes running Bitcoin Core. Even with that, your conclusion seems to be silly: The fact that a node runs on a VPS does in no way indicate that the respective node has been obtained for free and for the sole purpose of increasing node count. Apart from your shoddy reasoning, you ignore the fact that cloud-based infrastructure is just a very normal fact of today's businesses. Also, only a very small percentage of cloud servers have been obtained for free, for most of them clients are paying real money (else the providers would go under, no?) We certainly run all of our infrastructure on cloud-based systems, and we pay thousands of $ per month for that. And yes, we are running bitcoin nodes on these servers. Additionally, I doubt that the servers that you can get for free are even capable of running a node due to their limited resources (although I am not sure whether this is true for all providers). |
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arnuschky
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August 18, 2015, 02:03:30 PM |
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No one would keep their private keys on a virtual server, especially if they're going to be receiving block rewards.
Which has nothing to do with running a node. Also, I don't see any particular relevance of receiving block rewards in this context. Another 100 servers added this morning, probably all BS. This entire campaign is disturbing, they are trying to run Bitcoin into the ground.
Again, node count does not say much. Have they been added or just existing nodes converted from Bitcoin Core to XT? Maybe these are just people voicing their opinion. I am not discounting the fact that these nodes are shills, I am simply saying that your way of measuring/judging this is useless. Which makes this FUD. |
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TinEye
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August 18, 2015, 02:18:50 PM |
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and why they are runnign xt , they should support Core if they do not want those changes to take place, there are perhaps some good other features in XT that they are looking at? What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
How exactly is that going to happen? Indeed, that's the opposite of what will happen. If you have 1 BTC pre-fork, then post-fork you have 1 BTC on Core + 1 BTC on XT. but if you spend this bitcoin, the other bitcoin from xt or core it will be spent too right? |
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turvarya
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August 18, 2015, 03:27:30 PM |
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and why they are runnign xt , they should support Core if they do not want those changes to take place, there are perhaps some good other features in XT that they are looking at? What after the trial period? If Bitcoin community split into two and Bitcoin Core and Bitcoin XT run on different nodes - due to this coming fork, many people may lost their Bitcoins in their wallets.
How exactly is that going to happen? Indeed, that's the opposite of what will happen. If you have 1 BTC pre-fork, then post-fork you have 1 BTC on Core + 1 BTC on XT. That depends on if the transaction is also propagated to the other fork. As far as I understand Bitcoin, everybody could just take your transaction from one fork and but it on the other fork(since it signation is valid on both blockchains) If you wanted to keep them separated, you would have to make some kind of double spend, sending your Bitcoin on both forks to different addresses, but that still could mean that one of these transaction would appear on both blockchains, depending on which transactions lands in the blocks. |
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Quickseller
Copper Member
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August 18, 2015, 04:31:16 PM |
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I run my full node on a VPS and it runs core.
Most free trials for VPS's are not going to offer the RAM and HD space necessary to run a full node, XT or not.
Also the number of relay nodes that are running XT does not matter because XT will not fork until two weeks after 75% of blocks (out of the last 1000) have been mined with a XT flag. It would be possible that 99% of relay nodes could be running XT and (according to the current plan), the network would not fork.
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dothebeats
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Cashback 15%
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August 18, 2015, 05:40:21 PM |
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This is bull. If ever we see xt nodes being run on free trials on virtual servers, we will see bitcoin fall to the ground. Why fake the stats? Desperation, I think.
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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August 18, 2015, 05:44:08 PM |
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for now, 10% of all nodes are on XT...
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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August 18, 2015, 06:34:23 PM |
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for now, 10% of all nodes are on XT...
11%! Since I got in this train, never a dull day.  I remember talking to people about this, online and in physical life but I didn't expect to see it, it's exciting! |
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balu2
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August 18, 2015, 06:54:35 PM |
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This is bull. If ever we see xt nodes being run on free trials on virtual servers, we will see bitcoin fall to the ground. Why fake the stats? Desperation, I think.
If we are in a situation where hosting nodes can break bitcoin, i think something went wrong a long time ago. If hosting nodes can break bitcoin, then so be it. Let's do 'er up guys. |
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Possum577
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August 18, 2015, 08:50:04 PM |
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This is isn't as much of a "win" for Core as you think. Any new technology option is served well by a free trial - it allows people a no-risk or low-risk point of entry, it generates good will, and it serves to build a base of first adopters.
Free trial nodes set the base from which momentum could occur. If you're against momentum I'd be weary of considering this a meaningless or trivial fact.
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