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Author Topic: [2015-12-29] Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org  (Read 374 times)
a7mos
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December 29, 2015, 10:35:45 PM
 #1

Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org

According to CEO Brian Armstrong, Coinbase is now running the new version of Bitcoin software, Bitcoin-XT, a move which has divided the Bitcoin community in the past few days. The company is merely experimenting with the software, it stresses; however, this has inspired much contentiousness on online Bitcoin forums, including being removed from Bitcoin.org.


http://bitcoinist.net/coinbase-tests-bitcoin-xt-removed-bitcoin-org/
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Denker
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December 29, 2015, 10:47:46 PM
 #2

A while back blockchain.info web wallet was removed for security reasons and there wasn't that much drama. The reason why we see so much drama right now is the XT and BIP 101 propopnents are yelling and screaming censorship to try to stay relevant for just a little while longer.

Proxiebuier
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December 30, 2015, 04:27:07 AM
 #3

so we will comeback to Bitcoin XT drama ?
Kprawn
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December 30, 2015, 09:13:00 AM
 #4

If a service starts using a competing Alt coin and not Bitcoin, it has to be removed as a Bitcoin related service... it's that simple.  Wink ... not many people seem to get it... or they

are struggling with it. They seem to think Bitcoin XT is the original Bitcoin. The day when there is consensus that Bitcoin XT is the dominant fork, we will accept it.. or have to

accept it, until then... it will be a Alt coin in our opinion.

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tiggytomb
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December 30, 2015, 09:21:11 AM
 #5

If a service starts using a competing Alt coin and not Bitcoin, it has to be removed as a Bitcoin related service... it's that simple.  Wink ... not many people seem to get it... or they

are struggling with it. They seem to think Bitcoin XT is the original Bitcoin. The day when there is consensus that Bitcoin XT is the dominant fork, we will accept it.. or have to

accept it, until then... it will be a Alt coin in our opinion.

I agree, anything other then bitcoin is simply an altcoin and should be looked upon as such so this removal isn't anything special to cry or moan about.


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pedrog
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December 30, 2015, 10:25:10 AM
 #6

If a service starts using a competing Alt coin and not Bitcoin, it has to be removed as a Bitcoin related service... it's that simple.  Wink ... not many people seem to get it... or they

are struggling with it. They seem to think Bitcoin XT is the original Bitcoin. The day when there is consensus that Bitcoin XT is the dominant fork, we will accept it.. or have to

accept it, until then... it will be a Alt coin in our opinion.

Bitcoin XT is the original bitcoin, well at least the original vision for bitcoin...

Satoshi on blocksize increase:

It can be phased in, like:

if (blocknumber > 115000)
    maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.


On bitcoin's future:

Quote
“At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.”

http://satoshi.nakamotoinstitute.org/emails/cryptography/2/

Quote
The design outlines a lightweight client that does not need the full block chain.  In the design PDF it's called Simplified Payment Verification.  The lightweight client can send and receive transactions, it just can't generate blocks.  It does not need to trust a node to verify payments, it can still verify them itself.

The lightweight client is not implemented yet, but the plan is to implement it when it's needed.  For now, everyone just runs a full network node.

I anticipate there will never be more than 100K nodes, probably less.  It will reach an equilibrium where it's not worth it for more nodes to join in.  The rest will be lightweight clients, which could be millions.

At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.

https://bitcointalk.org/index.php?topic=286.msg2947#msg2947

Quote
The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306


Current development is transforming bitcoin into a settlement network deviating from the original vision of a payment system.

LiteCoinGuy
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December 30, 2015, 10:51:53 AM
 #7

so we will comeback to Bitcoin XT drama ?

Theymos is working on that, yes.

TraderTimm
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December 30, 2015, 03:05:46 PM
 #8

If you don't give your users a choice, you are "experimenting" with your business model. Coinbase simply learned that by assuming people wanted XT (they don't), they made the same error as Coke-Cola in their disasterous "Classic" versus "New" coke push.

As for satoshi "wanting" this and that, give it a rest. The BIP is out there, and XTNodes shows current interest to be at a whoppingly failure-ridden 8.8%. The people have spoken, Coinbase just has to listen more closely.

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