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Author Topic: Bitcoin november hard fork?  (Read 3566 times)
sagarnyc (OP)
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September 07, 2017, 12:59:21 AM
 #1

Will bitcoin hard fork in November result in a third coin forked out from "Bitcoin"?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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franky1
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September 07, 2017, 01:39:36 AM
 #2

yep

the devs of core have already ruled out making core compatible and done everything they can to force it to be an altcoin.

this is why blockstream employees can no longer deny that they control bitcoin
https://github.com/bitcoin/bitcoin/pull/11128

sipa closed it the same day it was opened, giving no chance for the community to review, interrogate, consider or choose

real funny part
https://bitcoincore.org/en/2017/08/18/btc1-misleading-statements/
they pretend upgrades should only happen with community support yet do everything to avoid community involvement/choice

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September 07, 2017, 02:29:55 AM
 #3

"Meet the new boss
Same as the old boss"

T]here is a discrepancy between those who can provide input to the project (the community at large) and those who have the ultimate call as to where the project is going. Indeed, while anyone is entitled to submit changes to the software (such as bug fixes, incremental improvements, etc.), only a small number of individuals (the core developers) have the power to decide which changes shall be incorporated into the main branch of the software.

https://www.cryptocoinsnews.com/bitcoin-highly-centralized-network-says-harvard-researcher/
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September 07, 2017, 02:49:15 AM
 #4

A second hard fork from Bitcoin was previously expected to occur only in November with the advent of SegWit2x.
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September 07, 2017, 02:59:26 AM
 #5

Is it truly essential for BTC to hard fork again to increase the size of the blocks? Wasnt Segwit enough already?

If Jeff Garzik and his people were sensible, they should delay the November hard fork and think about it further. Segwit2x should also provide replay protection for its users. I heard there was none. Is this true? Why dont they want it to have replay protection?
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September 07, 2017, 03:16:51 AM
 #6

Will bitcoin hard fork in November result in a third coin forked out from "Bitcoin"?

I guess there would really be a hard fork and the ensuing "split" resulting into the birth of another altcoin just like what we experienced with BitcoinCash (BCH). Anyway, I am not a very technical person so I could not delve on its many technical aspects as most of them are beyond my simple grasp.

What I understand is that just like the BCH in August all Bitcoin holders would also be receiving their own share of this coming new altcoin and that is where the excitement is all about as it can mean free airdrop of possible money for all of us. I understand that this new fork may not really be good for the image of Bitcoin but there is nothing we can do if that would be the decision of those people involved.

I would just be glad to receive my share of the new coin. 
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September 07, 2017, 03:23:47 AM
 #7

well so far this hard fork has 95.7% of the miners support according to coin.dance! and it will be nothing like bitcoin cash crappy and forced fork that nobody even wanted. and when miners support is that high, and if it stays high by that day, it means there won't be any other chain remaining unless the other chain also hard forks to change the difficulty the PoW or something like that to survive with no hashrate.

this is why i still don't know what SegWit2x is going to do to bitcoin!

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September 07, 2017, 03:36:43 AM
 #8

What are they going to call it?

Is it possible they could give it a decent name this time? Maybe something that doesn't imply that it's fiat currency?

Maybe they should call it Fucking Bitcoin so we can refer to it as F-Btc for short. What do you think?
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September 07, 2017, 03:57:47 AM
 #9

well so far this hard fork has 95.7% of the miners support according to coin.dance! and it will be nothing like bitcoin cash crappy and forced fork that nobody even wanted. and when miners support is that high, and if it stays high by that day, it means there won't be any other chain remaining unless the other chain also hard forks to change the difficulty the PoW or something like that to survive with no hashrate.

this is why i still don't know what SegWit2x is going to do to bitcoin!


                     As for me, what is going to happen will still be happening, we just cannot say in advance but lets just wait what will happen, anyway they said it is for our own good or to make the bitcoin economy better. I have also heard so many rumors about side effects that can cause a lot of trouble to us, but still I don't know if its true or not.


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September 07, 2017, 04:02:53 AM
 #10

there it have again ithink this is the time again to buy bitcoin..like in the last hardfork bitcoin is dump and is time to buy more bitcoin again i guess l...

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September 07, 2017, 04:11:05 AM
 #11

Does this mean another airdrop just like what happen last August, we need a fork that will solve our existing problem right now but this is not good for bitcoin to have so many fork the price get unstable every time there's news of new fork


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September 07, 2017, 04:12:17 AM
 #12

Will bitcoin hard fork in November result in a third coin forked out from "Bitcoin"?
This is my first time to hear this news. If bitcoin will fork and fork and continue producing new alternative coins then, the whole alt coin ecosystem will be polluted with shitcoins.
I thought it will just be a soft fork and it is far different from hard forking.
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September 07, 2017, 04:43:25 AM
 #13

A second hard fork from Bitcoin was previously expected to occur only in November with the advent of SegWit2x.

This is why I think it is better to have hardfork on bitcoin. we all know that the confrimation on transactions getting slow thats why we need to upgrade the speed of bitcoin.
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September 07, 2017, 04:51:01 AM
 #14

Will bitcoin hard fork in November result in a third coin forked out from "Bitcoin"?

I guess there would really be a hard fork and the ensuing "split" resulting into the birth of another altcoin just like what we experienced with BitcoinCash (BCH). Anyway, I am not a very technical person so I could not delve on its many technical aspects as most of them are beyond my simple grasp.

What I understand is that just like the BCH in August all Bitcoin holders would also be receiving their own share of this coming new altcoin and that is where the excitement is all about as it can mean free airdrop of possible money for all of us. I understand that this new fork may not really be good for the image of Bitcoin but there is nothing we can do if that would be the decision of those people involved.

I would just be glad to receive my share of the new coin.  

First off, I think this rumoured November fork will spread another FUD in the Bitcoin community and  plunge the price. Maybe, October will be the right time to buy more Bitcoin because of expected panic sell off.

To iamTom, this may not necessarily create an excitement for all the way it did for you during the August fork. There was a dude here who lost 45.8btc for attempting to claim the BCH from the Electrum wallet. In his confusion, just like many of us were, he wrongly downloaded a fake Electrum wallet from www.electrum-wallet.com and transferred the said amount of coins. And off his coins went. As at the time of the incidence those coins were worth over $150,000. I don't know if dude is still alive or he committed suicide thereafter.

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September 07, 2017, 05:02:09 AM
 #15

Yes it is bound to happen this November so we will just expect another price correction by then. Although I think it will not greatly affect the market unlike the split with Bitcoin Cash. That's my take on the next Segwit happening in a few months.
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September 07, 2017, 05:07:34 AM
 #16

What will happen to BCash? I mean, they can't support both
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September 07, 2017, 05:10:00 AM
 #17

Charlie lee, who is the founder of litecoin, posted in his twitter.

I am against Segwit2x hardfork in November due to 3 reasons: - lack of urgent need - lack of replay protection - lack of consensus

I totally agree with him. Now the mempool is almost empty and transaction fee is as low as several cents. There is no urgent need to increase the size. We at least can delay and have more discussion.

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September 07, 2017, 05:27:59 AM
 #18

What will happen to BCash? I mean, they can't support both

They could care less, because this is just another attack on the Legacy/original Bitcoin. It is also a opportunity to divide the community and also a good opportunity to make a lot of money from the free coins.

I would not be amazed if BCash will go the same way as Bitcoin XT < Gone and forgotten >

The fork is just a power struggle between two groups of developers, who wants to be in full control over Bitcoin. The group on the BCrash side knew if they brought out a new Alt coin, it would not succeed, but if they fork Bitcoin and they can get enough people to support it, they would stand a chance to be in control. ^grrrrrrr^

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September 07, 2017, 05:34:07 AM
 #19

What will happen to BCash? I mean, they can't support both

They could care less, because this is just another attack on the Legacy/original Bitcoin. It is also a opportunity to divide the community and also a good opportunity to make a lot of money from the free coins.

I would not be amazed if BCash will go the same way as Bitcoin XT < Gone and forgotten >

The fork is just a power struggle between two groups of developers, who wants to be in full control over Bitcoin. The group on the BCrash side knew if they brought out a new Alt coin, it would not succeed, but if they fork Bitcoin and they can get enough people to support it, they would stand a chance to be in control. ^grrrrrrr^

It reminds me of what Wu jihan said, America is America, it is not England. Bitcoin cash is Bitcoin cash, it is not bitcoin.   lol. Think about it. Bitcoin is really what they want. Not Bcash.

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September 07, 2017, 05:37:09 AM
 #20

lets clear this matter up

replay protection is not needed!

whn a implementation wants to utilise consensus to upgrade the network when it activates there would be only ONE network, meaning no double coins.. just a majority continuing on one network and a minority stalled with orphans unable to sync. end of

when core demand replay protection they are basically saying they want to create an altcoin by refusing to be part of the upgrade(new implementation(bip)) and will force a altcoin generation if people run the new implementation(bip).

what core should be doing is not being dictators and cause an altcoin. but instead let consensus do its job.

core have bypassed consensus a couple times now to follow the dictator roadmap designed by blockstream and tried pointing fingers elsewhere

EG avoided consensus and then gave the vote to only pools and then hypocritically blamed the pools.

in november core will have code to avoid communication with the next bip yes CORE putting in code to avoid communication with the next bip implementations.. but core will again blame the implementation when infact its core causing the split.

i really wish more people would understand the technology, code, rules and whats actually going on, instead of reading the reddit propaganda

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