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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1906374 times)
cypherdoc
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August 18, 2015, 02:56:05 AM
 #31041

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brg444
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August 18, 2015, 03:04:49 AM
 #31042


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
rocks
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August 18, 2015, 03:12:04 AM
 #31043



From reddit

Quote
Wish I had seen this sooner. http://xtpool.xyz is syncing the blockchain right now but should be ready in a couple of hours. More pools always welcome, but yes there is an xt specific pool already.

PPS with 1% (yes I know that's not sustainable long term, fee will probably have to increase once reserves run dry), no registration required just point your miner and use your payout address as your worker name.
https://www.reddit.com/r/bitcoinxt/comments/3hcx9u/should_i_set_up_a_bitcoinxt_pool/cu6j26m

Don't worry, we'll see blocks soon enough.

The great thing about bitcoin is how censorship resistant it is, there is no thermos to protect you here.
brg444
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August 18, 2015, 03:17:49 AM
 #31044



From reddit

Quote
Wish I had seen this sooner. http://xtpool.xyz is syncing the blockchain right now but should be ready in a couple of hours. More pools always welcome, but yes there is an xt specific pool already.

PPS with 1% (yes I know that's not sustainable long term, fee will probably have to increase once reserves run dry), no registration required just point your miner and use your payout address as your worker name.
https://www.reddit.com/r/bitcoinxt/comments/3hcx9u/should_i_set_up_a_bitcoinxt_pool/cu6j26m

Don't worry, we'll see blocks soon enough.

The great thing about bitcoin is how censorship resistant it is, there is no thermos to protect you here.

Bring em  Wink

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
rocks
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August 18, 2015, 03:22:14 AM
 #31045

So I just opened both the bitcoin and bitcoinxt reddits to compare the number of active uses online at that moment since this is a better comparison than subscriber count which is mostly inactive users. The results are:

/r/bitcoin - 606 online users

/r/bitcoinxt - 306 online users

That makes 33% of bitcoin redditers switching to the XT reddit in 1 day.

Wow just wow
lunarboy
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August 18, 2015, 03:29:56 AM
 #31046

I think cypher is counting all nodes not just the top 5.
the metric to watch is, 1 and 2 are they dropping?
1   /Satoshi:0.11.0/   2229 (36.30%)
2   /Satoshi:0.10.2/   1158 (18.86%)



Something you might want to consider; is of the massive mining power in china only one node (from the 105) is actually running XT

 https://getaddr.bitnodes.io/nodes/?page=1&q=China
brg444
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August 18, 2015, 03:39:25 AM
 #31047

I think cypher is counting all nodes not just the top 5.
the metric to watch is, 1 and 2 are they dropping?
1   /Satoshi:0.11.0/   2229 (36.30%)
2   /Satoshi:0.10.2/   1158 (18.86%)



Something you might want to consider; is of the massive mining power in china only one node (from the 105) is actually running XT

 https://getaddr.bitnodes.io/nodes/?page=1&q=China

China has already said they won't support XT

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
lunarboy
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August 18, 2015, 03:43:14 AM
 #31048

So I just opened both the bitcoin and bitcoinxt reddits to compare the number of active uses online at that moment since this is a better comparison than subscriber count which is mostly inactive users. The results are:

/r/bitcoin - 606 online users

/r/bitcoinxt - 306 online users

That makes 33% of bitcoin redditers switching to the XT reddit in 1 day.

Wow just wow

what about this? briefly spotted on reddit but can't find it again now? from redditmetrics

Quote
Subreddit Growth
How /r/Bitcoin growth compares with growth of 695,515 other subreddits.
No. 695,515   Fastest growing yesterday

basically it's going negative by about 300 odd people left in the last few days.
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August 18, 2015, 03:44:59 AM
 #31049

China has already said they won't support XT

do you mean the CPC? yeah, they probably won't.
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August 18, 2015, 03:47:02 AM
 #31050

I think cypher is counting all nodes not just the top 5.
the metric to watch is, 1 and 2 are they dropping?
1   /Satoshi:0.11.0/   2229 (36.30%)
2   /Satoshi:0.10.2/   1158 (18.86%)



Something you might want to consider; is of the massive mining power in china only one node (from the 105) is actually running XT

 https://getaddr.bitnodes.io/nodes/?page=1&q=China

China has already said they won't support XT

Oh yeah?

All of china? Who speaks for china?

Or just some pools?

 Roll Eyes

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brg444
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August 18, 2015, 03:54:25 AM
 #31051

I think cypher is counting all nodes not just the top 5.
the metric to watch is, 1 and 2 are they dropping?
1   /Satoshi:0.11.0/   2229 (36.30%)
2   /Satoshi:0.10.2/   1158 (18.86%)



Something you might want to consider; is of the massive mining power in china only one node (from the 105) is actually running XT

 https://getaddr.bitnodes.io/nodes/?page=1&q=China

China has already said they won't support XT

Oh yeah?

All of china? Who speaks for china?

Or just some pools?

 Roll Eyes

Just some pools who control more than 50% of the network   Smiley

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
cypherdoc
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August 18, 2015, 03:54:52 AM
 #31052

I think cypher is counting all nodes not just the top 5.
the metric to watch is, 1 and 2 are they dropping?
1   /Satoshi:0.11.0/   2229 (36.30%)
2   /Satoshi:0.10.2/   1158 (18.86%)



Something you might want to consider; is of the massive mining power in china only one node (from the 105) is actually running XT

 https://getaddr.bitnodes.io/nodes/?page=1&q=China

China has already said they won't support XT

Oh yeah?

All of china? Who speaks for china?

Or just some pools?

 Roll Eyes

Sentiment is in flux. That statement was made months ago. If the rest of the community adopts XT, they'll move over too.
brg444
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August 18, 2015, 03:58:10 AM
 #31053

Sentiment is in flux. That statement was made months ago. If the rest of the community adopts XT, they'll move over too.

 Roll Eyes

You think that sentiment changed?

Quote
F2Pool admin Wang Chun said:

“We will wait and see what other core developers think of Gavin's proposal. But we will certainly not switch to the altcoin called 'Bitcoin' XT. It could set a very bad precedent if we do that. No matter who you are, you cannot make a new coin and declare it is 'Bitcoin' simply because you do not agree with other core developers.”

1 month ago:

Quote
Update July 7:  AntPool, accounting for some 20% of hashing power on the Bitcoin network, sent us the following response:

"We like the idea of increasing the maximum block size, but if Bitcoin XT is too contentious, we also don't want the community to be divided.


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
cypherdoc
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August 18, 2015, 05:23:12 AM
 #31054

growing like wildfire:

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August 18, 2015, 05:32:43 AM
 #31055

Satoshis recent comments were right and I agree that bitcoin wasnt designed to be at the whim of central authority which is what it is trying to destroy. So with that im with bitcoin original thick or thin.

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brg444
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August 18, 2015, 05:40:57 AM
 #31056

Satoshis recent comments were right and I agree that bitcoin wasnt designed to be at the whim of central authority which is what it is trying to destroy. So with that im with bitcoin original thick or thin.

The fact that this debate has turned very early on into character assassination and personality contests tells the whole story.

Gavin, Mike & their supporters have made it a political battle that necessarily undermine their arguments and ultimately weaken their position. Fortunately this will only serve to make Bitcoin stronger as their failure shall serve as a cautionary tale to any personalities trying to mold Bitcoin to their image.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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August 18, 2015, 05:41:53 AM
 #31057

Satoshis recent comments were right and I agree that bitcoin wasnt designed to be at the whim of central authority which is what it is trying to destroy. So with that im with bitcoin original thick or thin.

Central authority like the bitcoin core devs?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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brg444
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August 18, 2015, 05:44:36 AM
 #31058

Satoshis recent comments were right and I agree that bitcoin wasnt designed to be at the whim of central authority which is what it is trying to destroy. So with that im with bitcoin original thick or thin.

Central authority like the bitcoin core devs?

The core devs have historically worked using a consensus based model of decision making. Gavin & Mike are the ones attempting to force through a contentious fork.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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August 18, 2015, 05:48:52 AM
 #31059

Satoshis recent comments were right and I agree that bitcoin wasnt designed to be at the whim of central authority which is what it is trying to destroy. So with that im with bitcoin original thick or thin.

Central authority like the bitcoin core devs?

The core devs have historically worked using a consensus based model of decision making. Gavin & Mike are the ones attempting to force through a contentious fork.

Explain how this works exactly.  Will gavin and Mike visit each miner, put a gun to their head, and force them to switch to XT.  Explain what mechanism they will use to force miners and users to upgrade to XT against their will.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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August 18, 2015, 05:53:28 AM
 #31060

Satoshis recent comments were right and I agree that bitcoin wasnt designed to be at the whim of central authority which is what it is trying to destroy. So with that im with bitcoin original thick or thin.

Central authority like the bitcoin core devs?

The core devs have historically worked using a consensus based model of decision making. Gavin & Mike are the ones attempting to force through a contentious fork.

Explain how this works exactly.  Will gavin and Mike visit each miner, put a gun to their head, and force them to switch to XT.  Explain what mechanism they will use to force miners and users to upgrade to XT against their will.

The issue is not whether they will succeed or not. It's about undermining the value of the original decision model using fear & propaganda.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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