[ANN] SCRYPT HARD FORK BLOCK ON 256000

[smoothie]

I highly doubt any meaningful amount of nodes will switch to this new fork.

But then again to each his own.

[AliceWonder]

A hard fork is the worst thing miners could do.

It would result in questions about future stability of bitcoin causing a price drop and devaluing all the coins they mine.

Out of self interest, this will not happen.

[Lauda]

You all seem so stressed, stare this. When I see one major bitcoin developer switch, I will switch.



The cat says no.

When i see 90% of official bitcoin related services and such switch then I will do the same, but this will never happen to a fork by an random internet guy.

I like dat cat, it's cute :3

[techsavver]

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

[Hfleer]

I am creating a new fork of Bitcoin that will use Scrypt for hashing on block 256000.
The initial difficulty for scrypt will be 1 to give miners a chance at reliving the good old days of Bitcoin.

This is because the bitcoin network is going to be owned by China with ASICMINER, AVALON, BTCGARDEN, etc. Going back to GPUs would strength Bitcoin and protect the miners - the working class of Bitcoin.

We need to get all the users, miners, merchants on board. Please contact your mining pool and tell them to switch to Scrypt on block 256000. Point your GPUs at a scrypt miner. Get merchants, websites, casinos, stores to update to the hard fork.

Together, we can reclaim the glory of Bitcoin again.

Good one.  Some of the ASIC companies, and investers could be slightly unhappy if that happened.

[Anduck]

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

Wrong.

[CIYAM]

Wrong.

Yup - I guess the OP doesn't understand Bitcoin very well - time for me to leave this topic...

[K1773R]

I am creating a new fork of Bitcoin that will use Scrypt for hashing on block 256000.
The initial difficulty for scrypt will be 1 to give miners a chance at reliving the good old days of Bitcoin.

This is because the bitcoin network is going to be owned by China with ASICMINER, AVALON, BTCGARDEN, etc. Going back to GPUs would strength Bitcoin and protect the miners - the working class of Bitcoin.

We need to get all the users, miners, merchants on board. Please contact your mining pool and tell them to switch to Scrypt on block 256000. Point your GPUs at a scrypt miner. Get merchants, websites, casinos, stores to update to the hard fork.

Together, we can reclaim the glory of Bitcoin again.

will this include the blockchain of btc? ie, if so i can spend my btc twice

[TierNolan]

If you do not upgrade to Scrypt, you will be left behind.

No you just stay on the bitcoin-double-sha256 rather than bitcoin-scrypt.

Are you planning to make any changes to how signatures work? 

If you don't, then people who spend pre-fork bitcoins on one fork, will effectively be spending them on the other fork too.

For example, if I buy something for 1 scrypt-BTC using a pre-fork coin, then the merchant can submit the exact same transaction to the main chain, and it will be accepted.  Vice versa is also possible.

If the scrypt coin was less valuable, then I might end up spending $100 worth of sha256-BTC when I only meant to buy something $1.

An easy option would be to add an offset before signing transactions.

Rather than signing hash(transaction), you could sign hash(transaction + "scrypt-coin").  That would mean that the signatures for the 2 forks would be different.

[Lauda]

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

There are already a few miners using ASICs for mining Scrypt 

[iANDROID]

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

There are already a few miners using ASICs for mining Scrypt 

WHERE?

[Lauda]

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

There are already a few miners using ASICs for mining Scrypt  

WHERE?

Somewhere, hidden amongst the anonymity of the online world  

[Buffer Overflow]

Scrypt is more secure. ASICs cannot 51% Scrypt.

At the moment...

[Beeker]

Yes, there will be 2 different chains. But the Scrypt chain will prevail.

No it will not. Nobody will stick with this idiocy.

its open source
its possible
majority wins
what you feel about is irrelevant

[cp1]

The new scrypt wallet sounds like a good place to stick a trojan.  I assume you'll want us to import all of our private keys, right?

[Beeker]

The new scrypt wallet sounds like a good place to stick a trojan.  I assume you'll want us to import all of our private keys, right?

compile it yourself,,

[drawingthesun]

I like how the only real "advantage" Litecoin has over Bitcoin is GPU mining. What is really sad and depressing about these Litecoin advocates is that Script ASIC's most likely already exist and have a similar hashrate gap as SHA GPU - ASIC gap.

The advantage part is in quotes because, as discussed by many Bitcoin developers these so called advantages are non-existent and to be honest, the Script worship here reminds me of church.

[drawingthesun]

The new scrypt wallet sounds like a good place to stick a trojan.  I assume you'll want us to import all of our private keys, right?

compile it yourself

Have you even seen the Bitcoin source? A lot of lines to vet!

[DeathAndTaxes]

out of interest, is this possible?

ANYTHING is POSSIBLE with a hard fork.  You can't "change" Bitcoin you can simply make a modified fork.
Want the block reward to be 38i378932372891372189 BTC per block?
Want to remove the coin limit?
Want to make tx reversible?
Want to steal recover old coins?
Want to make the network less secure because you are butthurt over ASICS?
Want to (insert idiotic change here)?

Make a fork.  Technically it is that simple.

The real difficulty is getting people to use your fork.  

At block 256,000 my guess is 99.999999999999999999999999999999999999999999999% of people will consider the original fork "Bitcoin" and the new fork will die off quickly.   MtGox won't be accepting coins from the fork (and neither will any exchange), no major merchants will be accepting coins from the fork, the overwhelming majority of users won't be using clients for the new fork, no major pool is going to drop support of the real Bitcoin in favor of the fork.

This is what people mean by "it is nearly impossible to change Bitcoin".  It isn't technically difficult.  Change a couple lines of code, compile and distribute.  It is difficult because most people simply will CHOOSE not to upgrade to the incompatible fork.  There is no mechanism anyone (not even core developers) can use to FORCE users to upgrade to an incompatible fork.  Both networks will exist as long as 1 or more node is running on them and people will make a choice.

[DeathAndTaxes]

will this include the blockchain of btc? ie, if so i can spend my btc twice

Yes.

I for one will be selling all my BTC on the fork right after block 256,000.  I have a standing offer to sell them for 10% of market price for the real fork.  Any takers?  Pre-orders available.