Industry Endorses Bigger Blocks and BIP101

[meono]

There is a version of XT that is ONLY Bip 101.
Whether Blockchain, Bitpay, etc will use that
one or the "normal" XT is their decision.

It doesn't matter what their servers will use. It matters what codebase they will promote among their users who don't understand the details.

If BIP101 is activated, do you think that Core would integrate BIP101 into their codebase to remain compatible with the longest chain?

That remains to be seen. The investors in Blockstream would not be very pleased with the 8MB blocks.

Thats their fault for thinking their 25millions can suck even 10% of 4 billion marketcaps.

The bitcoin industry should show them, we dont sell shit for cheap.

[maokoto]

Well, pressure is being done to the increment of block size. I sense it is just a mater of time before core implements it.

Does not matter Core implement it or not. BitcoinXT will be on the longest chain as it will be compatible after the fork.

So if you support BIP101, you will support BItcoinXT. Even if XT nodes arent majority, It will just be an alt wallet client.

Thanks for clarifying. So XT will be compatible either way?

I am not sure if the size increase is much needed or not (just learning about it through you guys ) but I will definitely move with what works. If XT shows to be the solution, I will move. Not dogmatic about that.

But Core will not move if it is not forced, and this letter makes pressure. No doubt about it.

[Denker]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

[Peter R]

Thanks for clarifying. So XT will be compatible either way?

Yes, XT will follow the longest chain whether BIP101 is activated or not.  If you are impartial, I suggest:

- Running XT
- Running XT (big-blocks only)
- Compiling Core with BIP101 patch and running that (requires programming experience).

Using either of these methods, your node will track the longest chain.

[ArticMine]

There is a version of XT that is ONLY Bip 101.
Whether Blockchain, Bitpay, etc will use that
one or the "normal" XT is their decision.

It doesn't matter what their servers will use. It matters what codebase they will promote among their users who don't understand the details.

If BIP101 is activated, do you think that Core would integrate BIP101 into their codebase to remain compatible with the longest chain?

That remains to be seen. The investors in Blockstream would not be very pleased with the 8MB blocks.

Just going to copy/past this here until one of the trolls addresses it

Proofs used to reconcile between mainchain and sidechains compete with normal transactions for block space. Blockstream would be one of the main entity to benefit from bigger block size.

... but if price of transacting on the main chain is low enough there will be no incentive to move to the side chain or Lightning Network. Blockstream does need bigger blocks but only at a controlled rate that they can influence and / or control. Bitcoin XT throws a monkey wrench into this business model.

[smoothie]

basically this says "anyone who is stalling the block size increase you have been put on notice"

 

[smoothie]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

Good to see large bitcoin businesses moving on the block size increase.

Pressure is going to get things moving.

If those who want the block size to stay at 1 MB for a long time or forever...let them eat the dust as they get left behind.

[Peter R]

basically this says "anyone who is stalling the block size increase you have been put on notice"

 

Smoothie, I received my physical bitcoin yesterday!  Looks great!!  Thank you very much

[Zarathustra]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

Good to see large bitcoin businesses moving on the block size increase.

Pressure is going to get things moving.

Forget it. They will be banned and moved away into the altcoin industry.

[meono]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

Good to see large bitcoin businesses moving on the block size increase.

Pressure is going to get things moving.

Forget it. They will be banned and moved away into the altcoin industry.

LOL Oh yeah,,,,.... remember Theymos wants to censor any services supporting BIP101 on his bitcoin.org ?

Like i said i want to dare him to follow his words now.

What i want to see if Theymos will follow his words and ..... stop supporting all the services above on his site "www.bitcoin.org"....

LOL lets see if he can shoot himself in the foot.

[smoothie]

basically this says "anyone who is stalling the block size increase you have been put on notice"

 

Smoothie, I received my physical bitcoin yesterday!  Looks great!!  Thank you very much

You're welcome. Glad you like it!

Aloha   

[smoothie]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

Good to see large bitcoin businesses moving on the block size increase.

Pressure is going to get things moving.

Forget it. They will be banned and moved away into the altcoin industry.

lol banned?

Who is going to ban bitcoin businesses from operating in the space?

Oh you mean on this forum? Who gives a shit about placement on this forum if the businesses choosing bigger blocks hold the majority of bitcoin customers in their back pocket?

[meono]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

Good to see large bitcoin businesses moving on the block size increase.

Pressure is going to get things moving.

Forget it. They will be banned and moved away into the altcoin industry.

lol banned?

Who is going to ban bitcoin businesses from operating in the space?

Oh you mean on this forum? Who gives a shit about placement on this forum if the businesses choosing bigger blocks hold the majority of bitcoin customers in their back pocket?

Ban from "www.bitcoin.org".... Guess who control the site?

[Zarathustra]

Big companies wanting a scaling bitcoin implementation so they can scale their operations. Who would have thought?!

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

Core, your move now or it's XT all the way.

Yepp I totally agree. The pressure is there. Core Devs have to make decisions now. Otherwise it will be XT. Not my prefered client to be honest but in the end I will have to go with the majority.

Good to see large bitcoin businesses moving on the block size increase.

Pressure is going to get things moving.

Forget it. They will be banned and moved away into the altcoin industry.

lol banned?

Who is going to ban bitcoin businesses from operating in the space?

Who? The greatest inquisitor of all time!

[jonald_fyookball]

Pools already lining up to support big blocks

https://www.blocktrail.com/BTC

[coinpr0n]

Pools already lining up to support big blocks

https://www.blocktrail.com/BTC

Hmm... pleasantly surprised to see BIP100 getting some love. Now just the pull request has to be merged into Core.

[dachnik]

Pools already lining up to support big blocks

https://www.blocktrail.com/BTC

8Mb option is at 26%,
while BIP100 is at 7%
BIP101 at less than 1%

I wonder if 8Mb belongs to any BIP or is just one-time fork without any baked-in increase schedule?
That would seem to be the most responsible, yet future proof solution to date.

[jonald_fyookball]

Pools already lining up to support big blocks

https://www.blocktrail.com/BTC

8Mb option is at 26%,
while BIP100 is at 7%
BIP101 at less than 1%

I wonder if 8Mb belongs to any BIP or is just one-time fork without any baked-in increase schedule?
That would seem to be the most responsible, yet future proof solution to date.

Unclear, but good question.

Anyone have eyes on any forums of pools like Bitfury who aren't yet supporting big blocks?
Are miners asking for it?

[Liquid71]

Well if the a few companies can control Bitcoin, what happens when governments who regulate those companies decide they want to regulate Bitcoin and blacklist transactions to say wikileaks  

[adamstgBit]

Well if the a few companies can control Bitcoin, what happens when governments who regulate those companies decide they want to regulate Bitcoin and blacklist transactions to say wikileaks  

we all start using LTC?

what your suggesting is so far out there it's not even funny