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Author Topic: Chinese Miners Revolt, Announces Plan to Hard Fork to Classic  (Read 6868 times)
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June 30, 2016, 02:04:13 PM
 #1

Cross post from /r/bitcoin.

According to the Chinese translation, summary:

Core defaulted on HK consensus and doesn't honor 2M increase.

Chinese miners to unite to implement Classic which supports 2M increase and SegWit.

Urge all miners to unite to support the Terminator Plan - ( i think it implies to terminate Core's 0.13.1 which doesn't honor HK consensus).

This is truly a war by miners against CORE.


https://www.reddit.com/r/btc/comments/4qk7et/wow_chinese_miners_revolt_and_announce_terminator/?

It looks like the Chinese mining cartel are now trying pull the strings. 

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franky1
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June 30, 2016, 02:19:33 PM
 #2

lol
original source?

anything beyond the reddit ??

i dont think its real

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June 30, 2016, 02:24:03 PM
 #3

lol
original source?

anything beyond the reddit ??

i dont think its real
where exactly is original source for any news? because I know reddit is known to be the main source for a lot of news in the world.
unless somewhere else you have in mind?
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June 30, 2016, 02:29:25 PM
 #4

lol
original source?

anything beyond the reddit ??

i dont think its real
where exactly is original source for any news? because I know reddit is known to be the main source for a lot of news in the world.
unless somewhere else you have in mind?

well an original source would NOT be some crapstream media site that reddit has linked. but a document/announcement from the mining pools on a mining pool website.

EG
lets say the US senate wanted to say something. id never trust fox news to give me a summary, nor would i trust someone on reddit to link fox news. id prefer to go to the senate website and read the full report and minutes of the meeting.

so unless in the mining scenario there is a source that shows the pools announcing it themselves and them discussing the decision itself. then you need to take it with more then a pinch of salt

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June 30, 2016, 02:36:38 PM
 #5

Just for context

http://8btc.com/thread-35645-1-1.html

Quote
https://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2F8btc.com%2Fthread-35645-1-1.html


Expansion of the dispute "Terminator Plan" proposal [Copy link] 38 3397 2016-6-30 11:36:38 Water no soul | vice captain | look landlord Posts by water, no soul in 2016-6-30 11:38 edit
Prerequisites:

1, core version 0.13.1 released in July, including the miners activated segwit (isolation witness) are available;

2, classic releases new version is based on core 0.13.1 version, including for miners active segwit (isolation witness) and 2M hard bifurcation;

3, core violation of the Hong Kong expansion consensus agreement, not in August 1, 2016 release includes new versions of 2M hard bifurcation.


Making process:

1, over 75% of the mine pool owners and operators of power miners Optional Optional day expansion of convening the meeting;

2, the meeting reached a consensus: all participants ore miners in pools or expansion route choice will work hand in hand;

3, select a pool of mine as "Terminator";

4, released "Terminator Plan" content.


Program content:

1. Participating mineral pool, miners reach consensus on expansion: 90% or more operators to activate 2M force bifurcation hard to count more than 95% of the force activation segwit (isolation witness);

2. Participating mineral pool, miners to achieve consensus on the expansion, will be unified planning, unified action, act in unison;

3, select XX meeting mine pool to "Terminator";

4, in addition to the "Terminator", the participants all mineral pools, within 30 days the miners core program switches to the latest version of the classic, complete 2M hard bifurcation, segwit (isolation witness) Operator support force;

5, if and only if more than 75% of the operator support 2M hard on finalizing the diverging after "Terminator" complete support for 2M hard bifurcation as soon as possible to ensure that there are more than 90% of the force operator support 2M hard bifurcation;

6, when the 2M hard fork is activated, the 28-day grace period, the pool of participants ore miners will do everything possible to inform all the miners, exchanges, wallet developer / company, core wallet users, other start-up companies and other completed core switching procedures to ensure the smooth progress of the bifurcation hard, to avoid unnecessary losses generated;

7, activate segwit (isolation witness).


Description proposal:

1. The proposed plan is valid only after three preconditions occur;

2, which is a majority of the miners to mine the main pool of the proposal, there are different opinions may ignore this proposal, will be idle, bored when I was nonsense;

3, expansion of the dispute has been debated for too long, both parties after a long discussion over, except for a few extreme person, most people agree that the following points:

(1) We need to 2M hard bifurcation, but requires enough force to support the operator to ensure that Bitcoin will not be split;
(2) We need to isolate the witness, in order to achieve Bitcoin kernel better scalability and compatibility;
(3) We need lightning network, in order to achieve Bitcoin-second transfer capability.

4. Select the Always use classic classic does not mean that later, if the core in a subsequent compatible version adds support for the classic, the miners can then select the core;

5, core and classic are open source projects, developers fate is freedom, when the miners selected classic, I believe there will be many core developers turn to classic provides code;

6, the battle line expansion, isolation witness, 2M hard bifurcation debate lightning network has been trouble for too long, please do not argue with me here their advantages and disadvantages, and I do not want to waste time on these topics and the energy;

7, one of the core design of bitcoin miner is considered the future direction of the force decided to Bitcoin, "talk harm the country", the expansion of the dispute has been debated for too long, continue to argue it is empty. "Hard work and prosperous," better than a perfect plan executed powerful miners was time to act to end this dispute it!

Not the best translation in the world.
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June 30, 2016, 02:42:07 PM
 #6

Just for context

http://8btc.com/thread-35645-1-1.html

Not the best translation in the world.

also not a good enough source. just some crapmedia

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June 30, 2016, 02:44:19 PM
 #7

What a load of shit. Must try harder young shill.

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June 30, 2016, 02:54:55 PM
Last edit: June 30, 2016, 03:45:37 PM by BeefUsher
 #8

What a load of shit. Must try harder young shill.

Here you are, scratching out a few satoshis by shilling shit gambling sites in your signature and avatar (what's it like, whoring yourself out for chump change?), and you got the nerve to call someone else a shill Roll Eyes

Unless you have something more than your eye-raping ads & feeble ad hominems to add to the thread, please refrain from posting in the future.
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June 30, 2016, 03:15:51 PM
 #9

What a load of shit. Must try harder young shill.

Quote
Just for context


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June 30, 2016, 05:04:41 PM
 #10

I hope that it is real, but I'll wait for more evidence.

https://twitter.com/JihanWu/with_replies

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June 30, 2016, 05:32:55 PM
 #11

Utter bilge. Who is the person posting this and why haven't we seen a sudden uptake of Classic? I can't believe this tale has taken off on the basis of one post by some nobody.
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June 30, 2016, 05:40:24 PM
 #12

Utter bilge. Who is the person posting this and why haven't we seen a sudden uptake of Classic? I can't believe this tale has taken off on the basis of one post by some nobody.

Hey you know what its like here. Any thread will do.
This one has hardly taken off, not like shit thread "is gmax satoshi" and many others.

This report is bilge. Posted by nobody.

But hey, it it almost exactly what I expect to happen for real. Soon!
https://bitcointalk.org/index.php?topic=1410211.0

 Cheesy
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June 30, 2016, 05:41:07 PM
 #13

Is this a late April's Fools joke or what? Classic is out of the picture and we moving forward with SegWit. Why would people want to post shite like this? I was hoping this Core vs Classic / XT thing would

end with SegWit, but now it's being brought up again. Until I see some solid evidence of this, I will just take this as a joke. I have also not seen any spikes in the Classic node count, so this seems to be

BS.  Can anyone else shed some light on this for us?  Huh Huh

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June 30, 2016, 05:55:13 PM
 #14

Utter bilge. Who is the person posting this and why haven't we seen a sudden uptake of Classic? I can't believe this tale has taken off on the basis of one post by some nobody.

You mean Jihan Wu? Bitmain ring any bells?
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June 30, 2016, 05:59:17 PM
 #15

Yes, Mr. Chop. But he himself hasn't commented or tweeted about this ergo it's still piffle.
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June 30, 2016, 06:21:26 PM
 #16

Yes, Mr. Chop. But he himself hasn't commented or tweeted about this ergo it's still piffle.

Probably. Would only take a couple of tweets from major pool operators to dispel all these rumors.
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June 30, 2016, 06:59:06 PM
 #17

I would not be surprised if this turns out to be true.
The Chinese operators of these mining pools do not understand the simplest things.
They may be able to buy and/or build more mining units to increase their hashing capacity
and out compete all others, but when it comes to anything else Bitcoin, they are total dumbshits.

If the Chinese Miners want to switch to Classic or anything other, they should be prepared to
take over and be singularly responsible for all future programming for that fork.
It is very likely a decent amount of Devs will walk off if they do this.

If they start setting up and attempt this fork, they better have a better plan then what is proposed.

Their plan is contingent that the Core team stays and works on Classic, even though Classic is controlled
and maintained by totally different Devs. Do the Chinese Miners even understand that simple thing?

I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
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June 30, 2016, 07:01:19 PM
 #18

The thread title is most certainly wrong. The proposal was made by a random person and has no weight (at the moment). It is too early to jump to any kind of conclusions until major pools voice their opinions here.

It looks like the Chinese mining cartel are now trying pull the strings.  
No. What prevents me from creating accounts on that website and posting my "support" for this plan? Support 'via comments' can be easily faked on that website (correct me if I'm wrong).

Urge all miners to unite to support the Terminator Plan - ( i think it implies to terminate Core's 0.13.1 which doesn't honor HK consensus).
That was never part of 'HK consensus'. The individuals there said that they would deliver a proposal, not that it would be merged into Core (they can't do that on their own anyways).

It is very likely a decent amount of Devs will walk off if they do this.
That's understandable considering that something like this would practically be a stab in the back. This is way too risky for a change that only ups the throughput from ~3 TPS to 6 TPS.

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June 30, 2016, 07:07:56 PM
 #19

I would not be surprised if this turns out to be true.

I agree. Or becomes true.

The Chinese operators
...do not understand the simplest things.
...they are total dumbshits.
..,even understand that simple thing?

I disagree. What makes you so superior over the Chinese miners?
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June 30, 2016, 07:08:25 PM
 #20

I would not be surprised if this turns out to be true.
The Chinese operators of these mining pools do not understand the simplest things.
They may be able to buy and/or build more mining units to increase their hashing capacity
and out compete all others, but when it comes to anything else Bitcoin, they are total dumbshits.

If the Chinese Miners want to switch to Classic or anything other, they should be prepared to
take over and be singularly responsible for all future programming for that fork.
It is very likely a decent amount of Devs will walk off if they do this.

If they start setting up and attempt this fork, they better have a better plan then what is proposed.

It is contingent that the Core team stays and works on Classic, even though Classic is controlled
and maintained by totally different Devs. Do the Chinese Miners even understand that simple thing?



1MB4EVA KeccakCoin or Good Ol' BTC with greater throughput... hrm, tough choice.
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