Bitcoin Forum
May 03, 2024, 01:43:30 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin XT May End Up Splitting the Cryptocurrency Community  (Read 420 times)
tadakaluri (OP)
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500



View Profile WWW
August 25, 2015, 02:09:39 PM
 #1

Quote
Critics of Bitcoin XT say that the developers should just use a different name like other cryptocurrency systems, instead of trying to replace “Bitcoin.”

Even though the Bitcoin Foundation has played vital role in developing and popularizing the cryptocurrency, introducing a new blockchain may end up dividing the community. Furthermore, there is no “official” organization of this totally decentralized system and no one has the authority to “upgrade” the existing Bitcoin blockchain, critics say.

Check this interesting article at: http://paymentweek.com/2015-8-25-bitcoin-xt-may-end-up-splitting-the-cryptocurrency-community-8146/
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
ashour
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250


View Profile
August 25, 2015, 03:18:18 PM
 #2

The bitcoin vs bitcoin XT is already deciding the bitcoin community. It doesn't matte if the introduce bitcoin XT or not, people will use one for the same reason people use bitcoin over other alt coins. The most popular and known one will be used.
dsattler
Legendary
*
Offline Offline

Activity: 924
Merit: 1000


View Profile
August 25, 2015, 08:13:56 PM
 #3

IMHO Jeff Garzik's BIP100 proposal is a better way to increase the blocksize:

http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf

Bitcointalk member since 2013! Smiley
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!