btc-e.com
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September 02, 2011, 06:16:03 AM |
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Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com
BTC-E.com // Биpжa пo aвтoмaтичecкoй тopгoвлe Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com
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Spacy
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September 02, 2011, 06:18:30 AM |
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If people choose to mine on the original fork then yes it does affect the goal of ixcoin and its founder. LOL
No, it's like mining testcoins, this will have no impact on the chain of the new client. It just counts if the exchanges etc. are supporting the new chain. |
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wolftaur
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Activity: 112
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September 02, 2011, 07:15:46 AM |
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You realize mining on the old client doesn't actually do anything, right? The new client won't recognize the chain fork made by the old client and vice-versa, so they're not hindering each other.
Except users on the old chain may think "oh, the problems have been fixed" and may never upgrade. Have a _ton_ of fun as soon as someone realizes they can scam old-chain ixcoin users by sending them 100% worthless coins. To say nothing with what happens if mining on old chain picks up and more people say "Oh, well, screw this new chain" and switch back because old chain is more useful... |
"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
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indio007
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September 02, 2011, 08:09:06 AM |
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IXCOIN = Developer FAIL
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wolftaur
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September 02, 2011, 08:10:37 AM |
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IXCOIN = Developer FAIL
HEY. Satoshi did a GREAT job on Bitcoin. Oh, wait. You're calling Thomas a developer... OH MY FUCKING GOD HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA |
"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
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indio007
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September 02, 2011, 08:12:03 AM |
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What... isn't this the season of giving? Or am I early?
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wolftaur
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September 02, 2011, 08:16:26 AM |
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What... isn't this the season of giving? Or am I early?
Yeah. By Christmas we'll all wonder if Thomas is a jar of ketchup that somehow learned to type.  |
"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
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MaGNeT
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Activity: 1526
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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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September 02, 2011, 10:18:21 AM |
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If I use one copy of my wallet.dat for the old client and another one for the new client, I guess you can spend the Ixcoins in both chains?  |
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Spacy
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September 02, 2011, 10:25:31 AM |
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If I use one copy of my wallet.dat for the old client and another one for the new client, I guess you can spend the Ixcoins in both chains? Yeah, but who would send you something of value using coins on the old blockchain? |
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MaGNeT
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Activity: 1526
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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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September 02, 2011, 10:33:27 AM |
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If I use one copy of my wallet.dat for the old client and another one for the new client, I guess you can spend the Ixcoins in both chains? Yeah, but who would send you something of value using coins on the old blockchain? Nobody But I just pointed out that an exchange accepting coins from the old blockchain would never work out |
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Spacy
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September 02, 2011, 10:34:58 AM |
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Nobody But I just pointed out that an exchange accepting coins from the old blockchain would never work out Yep, therefore the exchanges have already switched, so at the moment only the new chain coins have some value ;-) |
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Hydroponies
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September 02, 2011, 12:07:30 PM
Last edit: September 02, 2011, 12:56:36 PM by Hydroponies |
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Nobody But I just pointed out that an exchange accepting coins from the old blockchain would never work out Yep, therefore the exchanges have already switched, so at the moment only the new chain coins have some value ;-) The new chain may have the value, but the old chain has the hashing power (including my own 6970^^) ;-) Block count: 20032 vs. 20028  |
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Spacy
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September 02, 2011, 01:11:52 PM |
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The new chain may have the value, but the old chain has the hashing power (including my own 6970^^) ;-) Block count: 20032 vs. 20028 Some people seem not to understand the difference between a network based chain split and a forced software chain split ;-) |
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makomk
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September 02, 2011, 01:31:04 PM |
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The new chain may have the value, but the old chain has the hashing power (including my own 6970^^) ;-) Block count: 20032 vs. 20028 Are the block chains actually incompatible yet, or is it just that the two halves of the network can't communicate with each other? If they're not actually incompatible - and I can't see any reason why they should be yet because we haven't reached the 20055 threshhold - then any exchange accepting transactions on the half with the smaller hash rate (and it looks like they are on that half) is risking becoming the victim of a double-spend attack by someone that manages to transfer blocks across. |
Quad XC6SLX150 Board: 860 MHash/s or so. SIGS ABOUT BUTTERFLY LABS ARE PAID ADS |
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Hydroponies
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September 02, 2011, 01:34:41 PM |
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The new chain may have the value, but the old chain has the hashing power (including my own 6970^^) ;-) Block count: 20032 vs. 20028 Some people seem not to understand the difference between a network based chain split and a forced software chain split ;-) i am well aware that "old" ixcoin is even more worthless than "new" ixcoin since all of the exchanges have switched and the sole purpose of mining it is to spite Thomas and the new block chain. I figure mining the old blockchain is a fairly effective way to prove that i would do something utterly useless rather than supporting Thomas' Ixcoin.  And we're still in the lead: "Old" Ixcoin block count: http://ixcoin.info/"New" Ixcoin block count: http://bitcoinx.com/ixcoin/ |
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Spacy
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September 02, 2011, 01:35:40 PM |
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Are the block chains actually incompatible yet, or is it just that the two halves of the network can't communicate with each other? If they're not actually incompatible - and I can't see any reason why they should be yet because we haven't reached the 20055 threshhold - then any exchange accepting transactions on the half with the smaller hash rate (and it looks like they are on that half) is risking becoming the victim of a double-spend attack by someone that manages to transfer blocks across.
The 2 chains are incompatible... Some people think, if the old chain grows faster, they can overwrite or invalidate the new chain. That is not true, they are just mining on a dead chain ^^ |
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makomk
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September 02, 2011, 01:37:04 PM |
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The 2 chains are incompatible... Some people think, if the old chain grows faster, they can overwrite or invalidate the new chain. That is not true, they are just mining on a dead chain ^^
OK, can you point me to the change that makes the two chains incompatible? I can't find it... |
Quad XC6SLX150 Board: 860 MHash/s or so. SIGS ABOUT BUTTERFLY LABS ARE PAID ADS |
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zebedee
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Activity: 668
Merit: 500
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September 02, 2011, 01:52:16 PM |
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Yeah. One for every brain cell used to copy SolidCoin's code to use as a solution for ixcoin's failure. LOL this thread is friggen hilarious! No. Thomas strikes me as the kind of guy who is on top of it all, knows precisely what he's doing, and is in total control. There is abundant evidence. But yeah, I've not laughed so hard for quite a while. |
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Spacy
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September 02, 2011, 02:14:01 PM |
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OK, can you point me to the change that makes the two chains incompatible? I can't find it...
"New Peering Marker On Sept 1rst 2011 at 00:12:51 UTC (in under a week), the new client will switch over to a new Ixcoin-specific pchMessageStart peering marker from the original Bitcoin marker. This change was recommended by a few although we haven't had reports of any issues with this yet. Better safe than sorry. The updated Ixcoin nodes will not be able to communicate with non-updated Ixcoin clients after that date. This will require a restart of the Ixcoin client on or after Sept 1rst. (commit)" |
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Lumpy
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September 02, 2011, 02:17:09 PM |
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I think in the upgrade from the old client to the new client that the current blockchain was preserved and coins were preserved. SO... what happens if:
1) The old blockchain is 51%+ of the combined Ixcoin network.
2) The old blockchain is mined quickly while the new blockchain lags.
3) All of the old blockchain users upgrade their client.
Presumably since they now have the new client, the most networking power, and the longest chain, then all of the others who were mining on the new client find their blockchain invalidated?
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