SegWit (26.8%) vs Bitcoin Unlimited (32.2%)

[Eugenar]

On a positive note, that means people are seriously looking at the BU code now to toughen up any exploits. Amusing watching the BU node count go down though (yep, they took mine out too!)

Is yours DDosed?

[1715419014]

1715419014

[1715419014]

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[AngryDwarf]

On a positive note, that means people are seriously looking at the BU code now to toughen up any exploits. Amusing watching the BU node count go down though (yep, they took mine out too!)

Is yours DDosed?

Crap out exploit:

https://coin.dance/nodes

[Paashaas]

Crap out exploit:

https://coin.dance/nodes

That is dropping like a rock... This is not even a suprise for me it was inevitable.

[RealBitcoin]

So it looks like segwit has gained a hard 3% since I have last been on the forum. Impressive, with this pace it may be activated by 2050.

Seriously, why cant just people reach a compromise? What if the chain splits in 2? Nobody would want that.

[bitjoin]

I dont believe the results are accurate.  With all the alt coin pumping going around and people trying to destroy BTC it seems.

[OmegaStarScream]

I dont believe the results are accurate.  With all the alt coin pumping going around and people trying to destroy BTC it seems.

What are you talking about? those percentages are pretty accurate because the hashing power is generated by the miners and altcoin pumping and dumping has nothing to do with that.

[BrewMaster]

So it looks like segwit has gained a hard 3% since I have last been on the forum. Impressive, with this pace it may be activated by 2050.

last time you were around (and said goodbye to bitcoin ) the percentage was about 25-26% so it is about the same and besides the small changes are because it is not "hashing power" it is number of blocks mined. and finding a block is not a fixed thing (depends on luck)

Seriously, why cant just people reach a compromise? What if the chain splits in 2? Nobody would want that.

there are still brainless newbies who want it because they think their money is going to be doubled if we see a split!!!

[cybermods]

The only thing that should be split is the skulls of the people pushing for it. 

[mindrust]

Actually  I want to see btc holders money halved when we see a split.  I guess some people just want to watch the world burn.

In the end, your halved money will be my doubled money :d

[-ck]

You've all got to stop looking at the percentages as though they're some meaningful trend. The values are simply representative of the number of pools supporting one or the other. Once one pool decides to move from legacy to segwit or BU, the percentage will slowly rise by the hashrate of the pool till it levels out again. There is no "trend" in that; it's a stepwise change. The last rise in BU% was antpool choosing to signal BU as a protest against UASF and as a result the proportion of BU has gotten 3x higher, but no other pool is signalling it so the percentage has again levelled off. Yes, the overall signalling of BU is higher than segwit at the moment, but that doesn't mean there is any ongoing trend for either of them, until the next large pool decides to signal something.

[DXB2017]

its will be real interested in next coming days.

[freedomno1]

You've all got to stop looking at the percentages as though they're some meaningful trend. The values are simply representative of the number of pools supporting one or the other. Once one pool decides to move from legacy to segwit or BU, the percentage will slowly rise by the hashrate of the pool till it levels out again. There is no "trend" in that; it's a stepwise change. The last rise in BU% was antpool choosing to signal BU as a protest against UASF and as a result the proportion of BU has gotten 3x higher, but no other pool is signalling it so the percentage has again levelled off. Yes, the overall signalling of BU is higher than segwit at the moment, but that doesn't mean there is any ongoing trend for either of them, until the next large pool decides to signal something.

Pretty much this until the trend is signaled all we see are the flags.
Nothing else per se although the bitcoin exchange announcement did damper a few people since Bitcoin Unlimited is now treated as the alt-coin if it is listed
https://poloniex.com/press-releases/2017.03.17-Hard-Fork/

Unless they build in replay protection
However, none of the undersigned can list BTU unless we can run both [blockchains] independently without incident. Consequently, we insist that the Bitcoin Unlimited community (or any other consensus breaking implementation) build in strong two-way replay protection,"

[franky1]

all these chats about the contingency plan. are not highlighting the main words enough

contentious hard fork

Poloniex agrees that any contentious hard fork must include replay attack protection. Without this, exchanges cannot continuously and properly operate.

knowing that dynamics wont go contentious and is and always has for the last 2 years just patiently wanted consensus. never pushing for splitting, never setting deadlines. thus showing no intent to rock the boat.

meaning if dynamics activates. they will have majority and it would be consensus not contentious. thus dynamic block prosals community will be the bitcoin. and the contentious minority that orchestrate a bilateral split to keep thir minority alive will be the altcoin. namely SWCoin

[STT]

I dont believe the results are accurate.  With all the alt coin pumping going around and people trying to destroy BTC it seems.

Who should be voting ?  surely only the votes of major miners counts, isnt that how a fork debate would work ?   I'm kinda lost why disagreement cant be resolved/tested without risking loss of confidence

[centralbanksequalsbombs]

I dont believe the results are accurate.  With all the alt coin pumping going around and people trying to destroy BTC it seems.

Who should be voting ?  surely only the votes of major miners counts, isnt that how a fork debate would work ?   I'm kinda lost why disagreement cant be resolved/tested without risking loss of confidence

The loss of confidence comes from investors and holders being spooked that the alternatives proposed, both of which are a downgrade to what bitcoin is today (which bitcoin is an amazing store of value), are appearing to pose a someday threat in undermining the integrity that is bitcoin.

Those who want change can create an alt-coin, or goto litecoin, goto (permissioned, central-authority by foundation) ethereum, or implement such change to another coin.

For anyone new or simply wanting to expand a bit more about bitcoin, I try to touch on a few of these points (and others) on post titled
"Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0

[Lauda]

The loss of confidence comes from investors and holders being spooked that the alternatives proposed, both of which are a downgrade to what bitcoin is today (which bitcoin is an amazing store of value), are appearing to pose a someday threat in undermining the integrity that is bitcoin.

Correct. The massive price decline is directly related to Antpool signalling BU & the fears of an imminent hard fork. Almost nobody who knows how to use Bitcoin (hint: Consolidate outputs on time) really cares about the fees. There were times where the spam attack was quite massive and delays occurred, but that was only a minor annoyance. The mempool is currently empty, considering that the attack has subsided for now.

Those who want change can create an alt-coin, or goto litecoin, goto (permissioned, central-authority by foundation) ethereum, or implement such change to another coin.

Indeed. Bitcoin is fine either when:
1) Segwit is activated (soft fork; no split).
2) Segwit is not activated; no fork either.

Ironically, the same "free market" proponents from the BTU folk want to attack the Core chain after a split (if it came to that).

[NUFCrichard]

The loss of confidence comes from investors and holders being spooked that the alternatives proposed, both of which are a downgrade to what bitcoin is today (which bitcoin is an amazing store of value), are appearing to pose a someday threat in undermining the integrity that is bitcoin.

Correct. The massive price decline is directly related to Antpool signalling BU & the fears of an imminent hard fork. Almost nobody who knows how to use Bitcoin (hint: Consolidate outputs on time) really cares about the fees. There were times where the spam attack was quite massive and delays occurred, but that was only a minor annoyance. The mempool is currently empty, considering that the attack has subsided for now.

Those who want change can create an alt-coin, or goto litecoin, goto (permissioned, central-authority by foundation) ethereum, or implement such change to another coin.

Indeed. Bitcoin is fine either when:
1) Segwit is activated (soft fork; no split).
2) Segwit is not activated; no fork either.

Ironically, the same "free market" proponents from the BTU folk want to attack the Core chain after a split (if it came to that).

But it doesn't look like Segwit is going to be activated.  Bitcoin unlimited is also taking a long time, I am not convinced that it will fork.
It is almost worse now that we are hanging under the cloud of a hard fork, without knowing if or when it will happen.

Segwit would be a better solution, I agree completely there, but I think we might end up with BU and BTC, the worst of both worlds!

[OmegaStarScream]

For some reasons, It looks like SegWit is making some progress and BU is stable enough for the moment. I still don't understand how miners could continue to support it though, I mean a lot of exchanges and wallet already made statements about not supporting BU as the original BTC, instead it they will support it as an alt or not support at all.

[1Referee]

I still don't understand how miners could continue to support it though, I mean a lot of exchanges and wallet already made statements about not supporting BU as the original BTC, instead it they will support it as an alt or not support at all.

At this point they are only signalling support for BU through their minted blocks. Large farms know exactly that it isn't profitable to mine an altcoin that might have a value probably below the 10% mark of the real Bitcoin. I think it's more some sort of a warning to trigger Core devs to agree to a mid-way solution. Or they must have such a hidden agenda, that they will take the risk and force through a hard fork anyway. I think the first mentioned is the case. Either way, it's a nasty situation as the uncertainty is the main factor that is causing all this panic among people.

[Lauda]

But it doesn't look like Segwit is going to be activated. 

Read my post again. I've stated that it will not negatively impact Bitcoin.

Bitcoin unlimited is also taking a long time, I am not convinced that it will fork.

On the other hand, this would negatively impact Bitcoin.

Segwit would be a better solution, I agree completely there, but I think we might end up with BU and BTC, the worst of both worlds!

Correct. While Segwit isn't perfect, it is far superior than the proposal(s) from the others.

For some reasons, It looks like SegWit is making some progress and BU is stable enough for the moment. I still don't understand how miners could continue to support it though, I mean a lot of exchanges and wallet already made statements about not supporting BU as the original BTC, instead it they will support it as an alt or not support at all.

I can think of plenty:
1) Stupidity.
2) Lust for power.
3) Lobbying.