XT, hard fork, ... for beginner !

[alani123]

There's no need for newbies to worry about the hard fork. First of all, it can't happen before January 11. It's probable that it never happens at all actually. And even if it does, your coins will be safe. So just wait it out, the drama will probably dissolve in the following months. In case that the fork happens, you can be sure that there will be ways for you to use your coins as you like on any occasion.

[Mickeyb]

I really have no idea whats going on with all this. I am going to go hibernate in a cave till its all over.

Yes, this might be the best thing to do, for everybody. The most important thing to keep in mind is that our coins should be relatively safe, 99%. With this in mind, we can all just wait for this to be over with and live with the consequences (lower price and more volatility probably).

I think hibernate in a cave is a not a good appoach lol.

But, more of just observing how people react to it should be more considered if anything and know to read about the btc xt update.

I am not saying they should leave this forum and come back in 6 months. They should stick around and keep an eye on the situation. Since you never know what might happen. As you see, Bitcoin world is unpredictable.

But to sweat hare everyday, especially about something that you don't understand, I wouldn't be doing that either.

[LiteCoinGuy]

Quick ELI5:

Running XT at this time is equivalent with running Core. It's the same network, and the same Bitcoins. At some point in the future, if 75% mining majority is reached (but not before January 2016), the network will split whenever a miner creates a block larger than 1MB. This will not be accepted by Core unless they adopt a large blocks patch, but will be accepted by XT, and at this point there will effectively be two chains.

Running XT means that you will always be on the largest (75%+) chain, regardless of whether the fork actually happens or not. Running Core means that you will be left behind if a 75% majority is reached. Regardless of which version you run, coins will be safe (on both chains) as long as you acquired them prior to the fork, and for some time the chains will largely mirror each other.

[twister]

Quick ELI5:

Running XT at this time is equivalent with running Core. It's the same network, and the same Bitcoins. At some point in the future, if 75% mining majority is reached (but not before January 2016), the network will split whenever a miner creates a block larger than 1MB. This will not be accepted by Core unless they adopt a large blocks patch, but will be accepted by XT, and at this point there will effectively be two chains.

Running XT means that you will always be on the largest (75%+) chain, regardless of whether the fork actually happens or not. Running Core means that you will be left behind if a 75% majority is reached. Regardless of which version you run, coins will be safe (on both chains) as long as you acquired them prior to the fork, and for some time the chains will largely mirror each other.

I am not so technically advanced but isn't there a way to patch the bitcoin core to solve the big blocks issue? why can't developers together decide on something that wouldn't lead to the fork? This whole thing is really embarrassing and is putting a somewhat bad impression on Bitcoin and I fear that if this so called fork happens it might just kill bitcoin.