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Author Topic: My opinion concerning bitcoin forking  (Read 1217 times)
Ilove-Obama
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August 19, 2015, 01:07:13 PM
 #21


the last word should be for the community

Ecosystem basically equals the community. (or at least I interpret it as the same or encompassing it)

and the community against the fork XT

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August 19, 2015, 01:15:22 PM
 #22

If there is a fork:

You will want to own pre-fork coins so that you can own coins on both sides of the fork.

Waiting to buy coins till after the fork is not in your best interest.

People will (eventually) realize this.

People wanting pre-fork coins should cause buying pressure (eventually).

So keep your current coins and/or buy on these large uncertainty dips.  

People in the know will want pre-fork coins so there may be a big rush to buy if it looks like a fork is actually going to happen.

Don't get so emotional about this.

Most likely scenario:  much blather and to-do about nothing, which has been and is the standard operational procedure of the Bitcoin community for as long as I can remember.

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August 19, 2015, 02:52:05 PM
 #23


the last word should be for the community

Ecosystem basically equals the community. (or at least I interpret it as the same or encompassing it)

and the community against the fork XT

Speak for yourself. /r/bitcoin overwhelmingly supported it before the censorship and FUD began.

I think most people here oppose XT because of the disinformation and lies spread by trolls and sockpuppets.

Check out /r/Bitcoin_uncensored and /r/BitcoinXT for uncensored discussion.

Personally, I would be happy to run Core too if they implement the blocksize limit increase.
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August 19, 2015, 02:53:41 PM
 #24

If there is a fork:

Don't get so emotional about this.

Most likely scenario:  much blather and to-do about nothing, which has been and is the standard operational procedure of the Bitcoin community for as long as I can remember.


+1

The danger is not the fork, but splitting of the blockchain in 2.

The way BIP101 works, the risk of a split is next to impossible.
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September 17, 2015, 02:41:15 AM
 #25

I think Bitcoin should be used for transactions and forks should be used for eating dinner.

Can we please stop this childish split, get together and come up with a synthesis?

Also, if XT is going to be endorsed, what does that mean for the bitcoins currently in my wallet? Will they become worthless or can I somehow exchange them for XT?  Huh

I'm against XT. they want to make money on Bitcoin name

How does that work? In theory can't we have like 1 bitcoin with a thousand forks so bitcoin becomes multifunctional but all forks remain a form of bitcoin that has the same price and can be interchanged?  Huh Huh Huh Huh

No, if the exchange updates on XT , You will not be able to sell their Bitcoins from the old network

That is not correct. When the fork happens and you have bitcoins then you have bitcoins in the old blockchain and in the new one. You will always have the coins that will win. So no chance to lose anything by the fork.

No need to worry. Smiley
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September 17, 2015, 09:37:38 AM
 #26

Many developers prefer bitcoin clients must be backward compatible too. But these suggested fork will erase the backward compatibility. So, if backward compatibility has more significance means we must innovate new technology quicker transactions.

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