OmegaStarScream
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July 22, 2017, 10:58:00 AM |
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Rejecting the non-segwit blocks should start in how many hours exactly? 24 hours ?
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-ck
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Ruu \o/
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July 22, 2017, 01:25:17 PM |
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Rejecting the non-segwit blocks should start in how many hours exactly? 24 hours ?
114 blocks at last count which is ~19 hours.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel 2% Fee Solo mining at solo.ckpool.org -ck
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timvim
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BTC donations: 123TimMrhvumKz3ryW33uhb7M7QHWMgMPm
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July 22, 2017, 04:00:56 PM |
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BIP141 support looks very solid, even long before the end of the gracing period. Some 98 percent by now. If miners are not lying, and have indeed switched to compatible software, everything should be fine when BIP91 activates in 101 blocks. https://coin.dance/blocks
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fluidjax
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July 22, 2017, 04:34:30 PM |
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If I have my btc stored on my electrum wallet will I be safe from a split? Or should i go with paper?
You are safe when you own the private keys to your Bitcoins. Because when the fork happens you can choose which chain to claim coins on. This is not entirely correct, you can only choose which coins to spend if the fork comes with replay protection, and without it spending coins on either chain will result in the same transaction on another chain. Bitcoin ABC will feature replay protection, but Segwit2x most likely not. Its really incredible how this miners suddenly jumped in and save the day for us.
What's incredible is that you can possibly think that when the very same miners were the ones who held back on activating segwit the proper way, fucking it up for everyone and making a safe process precarious. Even though we're getting segwit, we're now staring down the barrel of a rushed miner code driven hard fork. It seems like most people have very poor understanding of what's happening, everyone is cheering and to-the-mooning because they think that chain-split was averted, but maybe the big split just became more real. Another way you can split you coins in 2 chains, is to add to you coins a little bit of a coin from a newly minted block after the fork, of course those coins will only exist on 1 of the chains, so if it is replayed on the other chain, the transaction will be invalid and be rejected by the nodes/miners.
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qiman
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July 22, 2017, 04:48:35 PM |
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Is it o.k to send Bitcoin to and from various accounts and processors/wallets? I wanted to move around a little BTC to purchase some altcoin I want. Is it safe to do so at this time or not?
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Qartersa
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July 22, 2017, 04:52:32 PM |
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Is it o.k to send Bitcoin to and from various accounts and processors/wallets? I wanted to move around a little BTC to purchase some altcoin I want. Is it safe to do so at this time or not?
It is safe, what the devs recommend is that people store their bitcoins in a private key they control before august 1. Right now we can do whatever we want with our coins and it will not affect anything. But if there would be hard forks on august 1, then it is really best to store everything on a private keys you own, since if it is in exchangers then that would mean they will decide for you.
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qiman
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July 22, 2017, 05:12:41 PM |
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Is it o.k to send Bitcoin to and from various accounts and processors/wallets? I wanted to move around a little BTC to purchase some altcoin I want. Is it safe to do so at this time or not?
It is safe, what the devs recommend is that people store their bitcoins in a private key they control before august 1. Right now we can do whatever we want with our coins and it will not affect anything. But if there would be hard forks on august 1, then it is really best to store everything on a private keys you own, since if it is in exchangers then that would mean they will decide for you. Thank you so much for your kind reply. I will move around what I need to move the next two or three days to purchase a coin I want and keep the rest of the Bitcoin in a wallet I control the keys. I really appreciate your help in this matter and clarifying this for non technological people like myself.
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
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Qartersa
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July 22, 2017, 05:27:54 PM |
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Is it o.k to send Bitcoin to and from various accounts and processors/wallets? I wanted to move around a little BTC to purchase some altcoin I want. Is it safe to do so at this time or not?
It is safe, what the devs recommend is that people store their bitcoins in a private key they control before august 1. Right now we can do whatever we want with our coins and it will not affect anything. But if there would be hard forks on august 1, then it is really best to store everything on a private keys you own, since if it is in exchangers then that would mean they will decide for you. Thank you so much for your kind reply. I will move around what I need to move the next two or three days to purchase a coin I want and keep the rest of the Bitcoin in a wallet I control the keys. I really appreciate your help in this matter and clarifying this for non technological people like myself. It is also best if you follow what theymos and the others are saying. Read up what they are saying here: https://bitcointalk.org/index.php?topic=2012799.0The people discussing there are much more knowledgeable, so if you got further questions, better ask it there, as the devs are much more active in that official thread. Good luck my friend.
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South Park
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July 22, 2017, 06:16:21 PM |
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All I want personally right now is not to have a chain split even If there a risk for that in the future because a lot of people disagree with the block size increase. We are getting there: This, we need segwit activated, I think when the time comes to try a hard fork some are going to refuse to follow up their previous intentions and we are going to avoid a split on the network, at least that is what I expect, we need to realize that bitcoin is stronger if we remain united and avoid the fork.
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unamis76
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July 22, 2017, 08:02:28 PM |
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Any reason for BIP91 getting these all these "fans" all of a sudden? It's been having a stratospheric rise no other BIP or proposal ever had...
No one thought that BIP 91 could be locked in so soon, without much effort. A week back, I thought that there was hardly any chance of the proposal getting locked in. But this is like a lottery jackpot for all the users who hold Bitcoins in their wallet. Look at the exchange rates, they are on their way to $3,000 per coin. Check this: https://bitcoinwisdom.com/markets/bitstamp/btcusdStill doesn't answer the question and raises another regarding what you refer as "lottery jackpot". Any reason for BIP91 getting these all these "fans" all of a sudden? It's been having a stratospheric rise no other BIP or proposal ever had...
People don't like chain splits. I'd say that simply people don't like stalemates. Its really incredible how this miners suddenly jumped in and save the day for us.
What I find incredible is how miners did a 180 degree turn. They must have something up their sleeve or are really confident on quickly scaling Bitcoin. It's time to bury our differences and build.
I agree, but it's sad we have to bury our differences favoring one groups' opinions. Bitcoin will eventually get through this an improve anyways
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Minecache (OP)
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Vave.com - Crypto Casino
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July 22, 2017, 08:05:06 PM |
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Is it o.k to send Bitcoin to and from various accounts and processors/wallets? I wanted to move around a little BTC to purchase some altcoin I want. Is it safe to do so at this time or not?
It is safe, what the devs recommend is that people store their bitcoins in a private key they control before august 1. Right now we can do whatever we want with our coins and it will not affect anything. But if there would be hard forks on august 1, then it is really best to store everything on a private keys you own, since if it is in exchangers then that would mean they will decide for you. Thank you so much for your kind reply. I will move around what I need to move the next two or three days to purchase a coin I want and keep the rest of the Bitcoin in a wallet I control the keys. I really appreciate your help in this matter and clarifying this for non technological people like myself. Safe for now but be wary for the month end.
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ArticMine
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Monero Core Team
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July 22, 2017, 09:42:32 PM |
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Any reason for BIP91 getting these all these "fans" all of a sudden? It's been having a stratospheric rise no other BIP or proposal ever had...
No one thought that BIP 91 could be locked in so soon, without much effort. A week back, I thought that there was hardly any chance of the proposal getting locked in. But this is like a lottery jackpot for all the users who hold Bitcoins in their wallet. Look at the exchange rates, they are on their way to $3,000 per coin. Check this: https://bitcoinwisdom.com/markets/bitstamp/btcusdStill doesn't answer the question and raises another regarding what you refer as "lottery jackpot". Any reason for BIP91 getting these all these "fans" all of a sudden? It's been having a stratospheric rise no other BIP or proposal ever had...
People don't like chain splits. I'd say that simply people don't like stalemates. Its really incredible how this miners suddenly jumped in and save the day for us.
What I find incredible is how miners did a 180 degree turn. They must have something up their sleeve or are really confident on quickly scaling Bitcoin. It's time to bury our differences and build.
I agree, but it's sad we have to bury our differences favoring one groups' opinions. Bitcoin will eventually get through this an improve anyways Actually the miner behavior here is highly predictable. If we start with ~83% of the hashrate rejecting non segwit blocks or at least threatening to then the risk for a miner to mine a non segwit block or mine on top of a non segwit block is simply not worth it. Rejecting a non segwit block before mining on top of it effectively means enforcement. My take is that we will see segwit lock in at the end of the next difficulty period with 100% support. This will happen around August 12th with segwit activation towards the end of August. What happens next is what gets interesting; namely the 2x part of the New York Agreement. This is scheduled for BTC1 clients 3 months after segwit lock in or around mid November. It is at this point where the real controversy and possible chain splits could occur.
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krishnapramod
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July 23, 2017, 04:51:04 AM Last edit: July 23, 2017, 05:01:22 AM by krishnapramod |
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BIP91 activated. Non-segwit block rejection phase begins.
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Minecache (OP)
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July 23, 2017, 05:06:15 AM |
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Non SW2X blocks now being rejected.
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pooya87
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July 23, 2017, 05:24:39 AM |
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what does "Witness Commitment" mean on https://www.xbt.eu/?EDIT. Found this: I'm monitoring a new element on https://www.xbt.eu : "Witness Commitment". Now we can see if pools will misbehave or not. if they don't have the SegWit commitment thing, it means they won't mine any blocks with SegWit transactions in it, although the blocks will be valid. they may end up even mining emptier blocks (less fees for them!). those with commitment will mine SegWit transactions. it is my understanding that this has nothing to do with activation, lock in, rejection, etc. it is mostly political crap.
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tspacepilot
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I may write code in exchange for bitcoins.
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July 23, 2017, 06:35:41 AM |
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Has anyone been following core devs response to this? Are we gonna see btc1 merged into core? Do I need to update my node (I think not since I'm not mining with it)?
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Netnox
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July 23, 2017, 06:48:48 AM |
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Non SW2X blocks now being rejected.
Canoe pool was the only major mining pool which was refusing to signal BIP 141 earlier. Even they are signaling it now (check block number 477103), and therefore I don't think that any block is going to get rejected.
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Herbert2020
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July 23, 2017, 06:55:25 AM |
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Has anyone been following core devs response to this? Are we gonna see btc1 merged into core? Do I need to update my node (I think not since I'm not mining with it)?
this is what i understand and for that i say we don't need a merge for now: BTC1 or SegWit2x has 3 parts: 1. signalling bit 4 (BIP91) and then if it was locked in, reject any blocks that are not signalling. since this was nearly all of the blocks and also because of 2 is happening right now, i don't see why we even need this. 2. signalling bit 1 (BIP141) which is happening now again with almost all of the miners. and this is already in bitcoin core and nodes are seeing this part already. again no need to merge anything. 3. (this is why i said not for now) the 2 MB hard fork part. and that is not happening for a couple of months and until that day and until we know how much of hash power is really going for it and a lot of other things, there is no need to merge anything.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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