BitmainCoin would mean another hardfork 1 year from now

[thejaytiesto]

BitmainCoin proposes to raise the blocksize to "up to 8MB" now, but then on their roadmap they point to 8MB+, which means it would require another hardfork. They are so inconsistent in their reasoning, don't even mention that this would require another hardfork.



Jihan is the biggest troll in the game.

[1715668720]

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[Xester]

Well if you look at the the date it will not be today but by August of 2008. It is probably is just a tentative proposal and is subject for correction or adjustment. But if he will pursue that regardless for what he had promised then he will just prove to the world that he has no word of honor and should not be trusted. Jihan should not risk his name and reputation on this matter.

[karasuri]

I think they are mistaken. Next month 2 000 000, but year ago 8? Bullshit.

[Iranus]

BITMAIN would most likely control >51% hashrate on the forked coin, considering that they intend to "ignore" short term economic incentives.  There wouldn't be a lot of other miners on there if the price was fairly low.

So BITMAIN could fork as much as they want on that chain.

Hell, they could fork 6,000 times if they wanted to.

Seriously though, hard forks are fine when they have overwhelming consensus from miners and users.  Considering the expected users of that chain (mostly people who would prefer big blocks and consider most limits arbitrary) and the expected miners (BITMAIN), forking again shouldn't be a problem.  

As long as I don't have to pay attention to any of these forks.

[satoshforever]

BitmainCoin proposes to raise the blocksize to "up to 8MB" now, but then on their roadmap they point to 8MB+, which means it would require another hardfork. They are so inconsistent in their reasoning, don't even mention that this would require another hardfork.



Jihan is the biggest troll in the game.

I don't see ppl going with Bitmain's proposal and not continuing with their future updates, meaning there won't really be a fork.

[Kateryna_Oli]

I think they are just looking for new ways of development

[felco]

I read somewhere that Bitmain is doing this HF because the UASF from Bitcoin Core breaks his AsicBoost, but I confused about this... that means the Antminer wouldn't be able to mine anymore or just be less efficient?

[Iranus]

I read somewhere that Bitmain is doing this HF because the UASF from Bitcoin Core breaks his AsicBoost, but I confused about this... that means the Antminer wouldn't be able to mine anymore or just be less efficient?

The Antminer would mine in the same way, as long as you decide to mine on a pool which supports SegWit.  This is solely about the actions of BITMAIN, the private company, and what they do with their own machines, not what happens to miners who were using their machines.  If it was about that, BITMAIN would be able to control over 51% of the hashrate.

P.S. UASF is not from Bitcoin Core.  Most Core devs are anti-UASF (in the form of BIP 148).

[cellard]

I read somewhere that Bitmain is doing this HF because the UASF from Bitcoin Core breaks his AsicBoost, but I confused about this... that means the Antminer wouldn't be able to mine anymore or just be less efficient?

Bitmain would have higher chances at getting blocks if the blocksize in increased. In any case, the Bitmain hardfork is nonsense and will never get any support from users because they will premine a lot of coins.

The real worry is if the industry is stupid enough to run btc1 software in October and hardfork on there.

[deisik]

BitmainCoin proposes to raise the blocksize to "up to 8MB" now, but then on their roadmap they point to 8MB+, which means it would require another hardfork. They are so inconsistent in their reasoning, don't even mention that this would require another hardfork.

Jihan is the biggest troll in the game

Jihan should fork off finally

If you are interested why they are so inconsistent in their reasoning, proposals, or whatever, the answer is very simple. It is because they don't intend to implement for real anything what they talk about. That's one of the reasons why BU is so buggy. Its aim is not to substitute Bitcoin, it is there exclusively to hinder the development of real improvements like SegWit and Lightning Network. When looking for an explanation for all this stuff, you should proceed from this assumption, and then things can be seen in their real colors

[thejaytiesto]

BitmainCoin proposes to raise the blocksize to "up to 8MB" now, but then on their roadmap they point to 8MB+, which means it would require another hardfork. They are so inconsistent in their reasoning, don't even mention that this would require another hardfork.

Jihan is the biggest troll in the game

Jihan should fork off finally

If you are interested why they are so inconsistent in their reasoning, proposals, or whatever, the answer is very simple. It is because they don't intend to implement for real anything what they talk about. That's one of the reasons why BU is so buggy. Its aim is not to substitute Bitcoin, it is there exclusively to hinder the development of real improvements like SegWit and Lightning Network. When looking for an explanation for all this stuff, you should proceed from this assumption, and then things can be seen in their real colors

I know that, but segwit2x is very real and they supposedly have 80% hashrate to hardfork. A hardfork is a hardfork. Be it segwit2x aka GarzickCoin or Frankensegwit, BUcoin, Bitmaincoin... they all suck. Not even one hardfork proposal. I would be ok with one that has all the cool improvements being researched that would require a hardfork, but not the dumb ass hardfork proposals being thrown left and right. I just hope BTC price doesn't crash in October when the hardfork drama comes back, im getting tired of this shit.

[Variogam]

SegWit2x hardfork delivers 8MB block weight already, and there is good consensus for it. No need to open the blocksize issue for very long if SegWit2x is implemented. You cant make everyone happy so the few bigblockers who hate SegWit or the few smallblockers who oppose the hardfork part of SegWit2x should start searching for other altcoin they would be completly happy with.

[deisik]

BitmainCoin proposes to raise the blocksize to "up to 8MB" now, but then on their roadmap they point to 8MB+, which means it would require another hardfork. They are so inconsistent in their reasoning, don't even mention that this would require another hardfork.

Jihan is the biggest troll in the game

Jihan should fork off finally

If you are interested why they are so inconsistent in their reasoning, proposals, or whatever, the answer is very simple. It is because they don't intend to implement for real anything what they talk about. That's one of the reasons why BU is so buggy. Its aim is not to substitute Bitcoin, it is there exclusively to hinder the development of real improvements like SegWit and Lightning Network. When looking for an explanation for all this stuff, you should proceed from this assumption, and then things can be seen in their real colors

I know that, but segwit2x is very real and they supposedly have 80% hashrate to hardfork. A hardfork is a hardfork. Be it segwit2x aka GarzickCoin or Frankensegwit, BUcoin, Bitmaincoin... they all suck. Not even one hardfork proposal. I would be ok with one that has all the cool improvements being researched that would require a hardfork, but not the dumb ass hardfork proposals being thrown left and right. I just hope BTC price doesn't crash in October when the hardfork drama comes back, im getting tired of this shit.

This is what we are made to believe

If it were so, why is there the BIP148 proposal? Anyway, if my assumption is correct, miners will come up with something entirely new to keep the drama going on. On the other hand, isn't that exactly what Jihan already did with his hard fork ultimatum? If he is controlling most of hashrate (directly or via dummies and mummies), how SegWit2x is real then? If it really were, what's the purpose of his demarche? I guess things are not as good with SegWit2x as many here are inclined to think or want us to think