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Author Topic: What is bitcoin XT?  (Read 2317 times)
bitcoinbelieve
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August 20, 2015, 01:17:09 AM
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I'm pretty sure that this has been answered already but please enlighten me.
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August 20, 2015, 01:21:35 AM
 #2

I'm pretty sure that this has been answered already but please enlighten me.

Basically Mike and Gavin threw an implementation of bitcoin in the wild that is schedule to produce bigger blocks if 75% of the node in the network runs bitcoinXT. Some people are pissed because it gives the choice of scaling bitcoin to the market instead of a bunch of devs pushing for the private company Blockstream.

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August 20, 2015, 01:22:12 AM
 #3

I'm pretty sure that this has been answered already but please enlighten me.

Yeah that has been a hot Topic right now..
here you go..

https://bitcointalk.org/index.php?topic=1156410.0;topicseen
bitcoinbelieve
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August 20, 2015, 01:23:33 AM
 #4

Does this benefit the bitcoin overall with XT?
bitcoinbelieve
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August 20, 2015, 01:25:26 AM
 #5

I'm pretty sure that this has been answered already but please enlighten me.

Yeah that has been a hot Topic right now..
here you go..

https://bitcointalk.org/index.php?topic=1156410.0;topicseen

thank you
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August 20, 2015, 01:34:35 AM
 #6

I'm pretty sure that this has been answered already but please enlighten me.

Basically Mike and Gavin threw an implementation of bitcoin in the wild that is schedule to produce bigger blocks if 75% of the node in the network runs bitcoinXT. Some people are pissed because it gives the choice of scaling bitcoin to the market instead of a bunch of devs pushing for the private company Blockstream.

I think we are screwed
not altcoin hitler
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August 20, 2015, 01:38:11 AM
 #7

read here, good writeup:

http://shitco.in/2015/08/19/the-bitcoin-xt-trojan/

bitcoinbelieve
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August 20, 2015, 02:13:52 AM
 #8

maybe we are not screwed

https://www.youtube.com/watch?v=8JmvkyQyD8w

EB82 – Mike Hearn - Blocksize Debate At The Breaking Point
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August 20, 2015, 04:10:43 AM
 #9

In essence, Bitcoin XT is an altcoin that is being bootstrapped on Bitcoin Core's blockchain; Bitcoin XT is copying the state of Bitcoin Core users' holdings, and then just hoping people switch to using Bitcoin XT instead.
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August 20, 2015, 04:48:11 AM
 #10

I am not sure if it is BTC,, maybe it was just kind of altcoin that follows the name of bitcoin
Deadstock
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August 20, 2015, 05:56:52 AM
 #11

I'm pretty sure that this has been answered already but please enlighten me.

Yeah that has been a hot Topic right now..
here you go..

https://bitcointalk.org/index.php?topic=1156410.0;topicseen
Thanks, ive been out of the loop for a few months and this XT news started popping up on my feeds and i was utterly confused lol
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August 20, 2015, 07:10:27 AM
 #12

Bitcoin XT is an attempt to prevent Bitcoin from being centralized under the control of BlockStream inc.
DaddyMonsi
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August 20, 2015, 07:14:11 AM
 #13

whats the difference between bitcoin and bitcoin xt?
can i store bitcoin xt to my bitcoin wallet or technically its same (sorry for the noob question)
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August 20, 2015, 07:15:59 AM
 #14

Does this benefit the bitcoin overall with XT?

not really it seems that we can directly improve core(with the changes that are needed) without the need of XT, and i don't know the reasons, why they have not follow this route instead..

whats the difference between bitcoin and bitcoin xt?
can i store bitcoin xt to my bitcoin wallet or technically its same (sorry for the noob question)


it's the same until there is consensus of 75% for Xt, XT will be like non existing
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August 20, 2015, 08:37:37 AM
 #15

Bitcoin Core is Linux - decentralized, consensus-based
Bitcoin XT is Microsoft - spies on you, takes control over your privacy (and funds), blacklists, is closely connected with NSA and CIA

you decide

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August 20, 2015, 08:39:06 AM
 #16


best article ever published


I used to like EB though  Cry

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August 20, 2015, 08:42:40 AM
 #17

I'm pretty sure that this has been answered already but please enlighten me.

Basically Mike and Gavin threw an implementation of bitcoin in the wild that is schedule to produce bigger blocks if 75% of the node in the network runs bitcoinXT. Some people are pissed because it gives the choice of scaling bitcoin to the market instead of a bunch of devs pushing for the private company Blockstream.

Seems something like liberalization of the market if we can speak with economic terms. I am not an expert in bitcoin technology so I must be the last to comment such things but I'm sure that if this is liberalization it is a good thing. In the economy the liberalization push development and bring evolution and growth.
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August 20, 2015, 09:09:30 AM
 #18

thank you for elaborating  on bitcoin xt
i used google to know about this and still confused
and now its all crystal clear

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DaddyMonsi
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August 20, 2015, 11:40:50 AM
 #19

is it something like bitcoin core will be obsolete and we need to change to bitcoin xt?
i hope there will be a thread titled "Bitcoin XT FAQs" or "Bitcoin XT for dummies"  Grin
KhalDrago
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August 20, 2015, 12:13:34 PM
 #20

Bitcoin XT can support more transactions and more users if an event were to occur where lots of new users would join the network. Bitcoin Core can't handle that, basically those who are against Bitcoin XT are a selfish bunch and in favor of their own personal benefit and not Bitcoin actually spreading its userbase.
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