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Author Topic: [2017-07-17] Scaling Countdown: Miners Begin Running Segwit2x Software  (Read 8638 times)
Iloveelvis
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July 17, 2017, 09:57:18 PM
 #1

It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software.

As the price of bitcoin dropped to new lows this weekend, some bitcoin proponents were patiently waiting for the promised BTC1 software. Now it seems in a short period of time the bitcoin ‘community’ may see the protocol Segregated Witness (Segwit) activated as the mining community has begun to signal BIP91. The proposal BIP91 is a combination of Segwit2x and BIP148. The version 1.14.4 code has been pushed to the repository by the Segwit2x working group, and a few mining pools have already started running the protocol. The China-based Bitmain technologies announced their support via Twitter by stating;

"All of our bitcoin mining pools will start running the new Segwit2x software today "

Read more here >>> https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/
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July 18, 2017, 12:30:31 AM
 #2

Well this is it. Good luck to everyone and let us hope the new set of developers are as good as the core development team. I have heard good and bad things about Jeff Garzik. Hopefully the good will outweigh the bad for bitcoin's sake.

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BlindMayorBitcorn
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July 18, 2017, 12:32:36 AM
 #3

If SegWit2x activates I'll eat a shoe.

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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July 18, 2017, 01:30:27 AM
 #4

If SegWit2x activates I'll eat a shoe.
LOL, so will I. There is a huge difference in signalling and actually implementing. I doubt if all who were signalling (90%+) will actually implement it. But at the end these all are speculations. Lets see how the events unfold.
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July 18, 2017, 03:06:23 AM
 #5

If SegWit2x activates I'll eat a shoe.
LOL, so will I. There is a huge difference in signalling and actually implementing. I doubt if all who were signalling (90%+) will actually implement it. But at the end these all are speculations. Lets see how the events unfold.

Well, I would eat a shoe and a bag, if that is the case. Kidding aside, let's hope this marks the much-needed solution for Bitcoin problems we are presently experiencing. Though we should not expect it to be perfect as the whole Bitcoin is really an evolving organism, at least this should be providing respite before we should be tacking new challenges ahead.

Now, I am not a person who fully grasp everything happening right now in Bitcoin (well generation gap can be playing a big role here) so I am wondering if this does mean there would be a split or no need for a split? Anybody here who can tell me pointblank please...
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July 18, 2017, 05:39:36 AM
 #6

If SegWit2x activates I'll eat a shoe.
LOL, so will I. There is a huge difference in signalling and actually implementing. I doubt if all who were signalling (90%+) will actually implement it. But at the end these all are speculations. Lets see how the events unfold.

We have only to watch what is happening. I'm already tired of this situation. But some news still scares me and I even think that after all the split will happen. I will be very happy if I am wrong

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July 18, 2017, 07:23:12 AM
 #7

Well, I would eat a shoe and a bag, if that is the case. Kidding aside, let's hope this marks the much-needed solution for Bitcoin problems we are presently experiencing. Though we should not expect it to be perfect as the whole Bitcoin is really an evolving organism, at least this should be providing respite before we should be tacking new challenges ahead.

Now, I am not a person who fully grasp everything happening right now in Bitcoin (well generation gap can be playing a big role here) so I am wondering if this does mean there would be a split or no need for a split? Anybody here who can tell me pointblank please...

Heya Tom, wondering if we have the same generation gap (I'm at the tail end of Gen X!). Pointblank answer not available, unfortunately. But this move does make one of the possible splits more likely, as it is going along one of the possible paths illustrated as below:


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Segwit please.


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July 18, 2017, 07:39:20 AM
 #8

If SegWit2x activates I'll eat a shoe.

I'll choose a stinky one and leave it aside for you. Smiley It will activate within 10 days, I am 100% certain. As mentioned iram1101, signalling Segwit2X for fun a while back, and doing it in a serious manner right now to trigger lock in, and after that activation, is quite a different thing, but I have no doubt that it will happen in this case. It has taken enough time already to allow Bitcoin to technically grow further, so I am glad that whatever happens, we after 2 or 3 weeks will look at this whole situation from a completely different angle. Some of the people might end up being disappointed, where others will applaud this change. I must however point out that despite the endless scaling discussions, no implementation of whatever proposal, trolls spreading FUD, the market has performed exceptionally well.

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July 18, 2017, 08:58:50 AM
 #9

I have heard good and bad things about Jeff Garzik. Hopefully the good will outweigh the bad for bitcoin's sake.

ha ha ha ha



https://bitcointalk.org/index.php?action=profile;u=541

I think you can complain directly to him. Ha ha ha

Just kidding

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CyberKuro
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July 20, 2017, 02:53:32 PM
Last edit: July 20, 2017, 03:32:14 PM by CyberKuro
 #10

If SegWit2x activates I'll eat a shoe.
LOL, so will I. There is a huge difference in signalling and actually implementing. I doubt if all who were signalling (90%+) will actually implement it. But at the end these all are speculations. Lets see how the events unfold.

Well, I would eat a shoe and a bag, if that is the case. Kidding aside, let's hope this marks the much-needed solution for Bitcoin problems we are presently experiencing. Though we should not expect it to be perfect as the whole Bitcoin is really an evolving organism, at least this should be providing respite before we should be tacking new challenges ahead.

Now, I am not a person who fully grasp everything happening right now in Bitcoin (well generation gap can be playing a big role here) so I am wondering if this does mean there would be a split or no need for a split? Anybody here who can tell me pointblank please...

And I would like to see all of you eat those things Grin, I'm not kidding, its not a joke.
We can speculate but the time has come and it seems segwit2x will be activated, look at the blocks that has been mined which most miners over 88,8% signaling for SegWit2x (intention). If BIP91 could reach over 80% hashrate and continues for a 336 block period, in this case, the split will not going to be happen as BIP141 will cease to be active when segwit2x is locked-in.
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July 20, 2017, 03:24:16 PM
 #11

Well this is it.

Uh, it is?

You do realise that Segwit2x activating is meaningless if users don't switch to the forked Bitcoin software that can use it?

Good luck to everyone and let us hope the new set of developers are as good as the core development team. I have heard good and bad things about Jeff Garzik. Hopefully the good will outweigh the bad for bitcoin's sake.

Again, you do realise that a switch in development teams is by no means inevitable?


When you look at Garzik's track record, and the people he's often taken sides with (Mike Hearn, Gavin Andresen etc), he represents the class of people that wnat Bitcoin to be owned and run by the establishment financial system, centrally.

So you're presenting a picture that implies we can't do anything about something that's potentially very bad for Bitcoin: we hand control of the software development to people who want to turn it into PayPal 2.0, probably as slowly as possible to keep as many lemmings on board as possible.


It's simple: don't follow any of these hard forks, they're all demonstrably bad ideas, and all demonstrably dangerous to the stability both of the Bitcoin network and it's market price.

Why are you encouraging (false) belief in a voluntary change that seriously threatens Bitcoin, bbc.reporter? Bit irresponsible of you.

Vires in numeris
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