44% of the network already switched to 8M blocks - page 2.

fonsie

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Quote from: redsn0w on August 11, 2015, 05:34:31 PM

Quote from: lissandra on August 11, 2015, 05:31:46 PM

Quote from: fonsie on August 11, 2015, 05:16:23 PM

Shall we also fork the forum to bitcoinxttalk.org?

Well not forking, we'll start with post 0 on that one.

wouldnt there be just a sub section of this forum called bitcoinxt.

similar how a alt coin sub section is done, theres no need to make another forum just for the btcxt, it only confuses people.

bitcoinXT is only the name of the wallet.. the coin is still named bitcoin Roll Eyes

, come on guys....

It would be an oppurtunity to get an updated forum and to get out of under the oppressive current regime some people talk about.

redsn0w

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#Free market

Quote from: lissandra on August 11, 2015, 05:31:46 PM

Quote from: fonsie on August 11, 2015, 05:16:23 PM

Shall we also fork the forum to bitcoinxttalk.org?

Well not forking, we'll start with post 0 on that one.

wouldnt there be just a sub section of this forum called bitcoinxt.

similar how a alt coin sub section is done, theres no need to make another forum just for the btcxt, it only confuses people.

bitcoinXT is only the name of the wallet.. the coin is still named bitcoin Roll Eyes

, come on guys....

lissandra

sr. member

Activity: 434

Merit: 250

Quote from: fonsie on August 11, 2015, 05:16:23 PM

Shall we also fork the forum to bitcoinxttalk.org?

Well not forking, we'll start with post 0 on that one.

wouldnt there be just a sub section of this forum called bitcoinxt.

similar how a alt coin sub section is done, theres no need to make another forum just for the btcxt, it only confuses people.

Erdogan

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Quote from: gentlemand on August 11, 2015, 05:10:35 PM

Quote from: NorrisK on August 11, 2015, 05:04:29 PM

Only way to trade on the old fork is privately, but nobody will be interested in that..

There'll be a small hard core of weirdos muttering in their outhouses ready to trade 'RealBitcoin' with each other. I hope it brings them joy and riches even if no one else gives a fuck.

Yes, and that allows me to theoretizise (will probably not happen) about what happens if we have a long orphan chain: Yes, one will die in the end, but in the mean time you might be able to sell coins from the losing chain for coins on the winning chain. Just make sure you don't sell the wrong way!

lissandra

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At this point, I dont think we have an option if 4 of leading largest mining pools are based in china.

So its more like they demand the upgrade rather shut the entire system down by downsizing their production if we dont agree.

fonsie

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Shall we also fork the forum to bitcoinxttalk.org?

Well not forking, we'll start with post 0 on that one.

gentlemand

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Welt Am Draht

Quote from: NorrisK on August 11, 2015, 05:04:29 PM

Only way to trade on the old fork is privately, but nobody will be interested in that..

There'll be a small hard core of weirdos muttering in their outhouses ready to trade 'RealBitcoin' with each other. I hope it brings them joy and riches even if no one else gives a fuck.

NorrisK

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Quote from: Erdogan on August 11, 2015, 04:26:29 PM

Quote from: Tzupy on August 11, 2015, 11:49:06 AM

It's not happening yet, 44% is just a vote, but could happen soon. And if one of the two competing blockchains won't die quickly, ouch... Wink

If I were holding bitcoins now, I'd choose (temporarily) the safety of fiat. I even cancelled my low bids, just in case this turns ugly... Cool

The losing chain will disappear in hours.

This is not even going to happen.. All exchanges will be ready for the switch long before there is even a slight chance that you can spend coins on both chains through exchanges.. Only way to trade on the old fork is privately, but nobody will be interested in that..

gentlemand

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Welt Am Draht

Quote from: ?? on ??

I still don't get why some people are against bigger blocks.

There are very few fully against apart from a few psychos who will have to come around or go broke. All the controversy is the manner in which block sizes are increased.

dothebeats

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Cashback 15%

Quote from: redsn0w on August 11, 2015, 04:45:45 PM

Quote from: dothebeats on August 11, 2015, 04:41:17 PM

Quote from: redsn0w on August 11, 2015, 04:28:47 PM

I think it is a good thing. More trouble more power ! It is only about decentralization (we are free to do whatever we want in the bitcoin world, so we are free to use (or not use) the bitcoin core version/bitcoin xt version Wink

).\

The # power is what decides this fork, and most of the network's #s comes from China, so is there a decentralization in there? As far as I remember, over 40 percent of the network's # comes from Chinese miners alone.

The things should not go in that way, but we should remember that miners without nodes are nothing (it is not a simple question).

Yes, miners without nodes means nothing because there are no entities that can validate the transactions that these miners are pushing, but also keep in mind that the miners themselves, apart from their machine for mining, can create and maintain a node. You get my point. In that way, the transaction validating process is maintained and at the same time, centralization also is present (in the case of Chinese miners.)

redsn0w

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#Free market

Quote from: dothebeats on August 11, 2015, 04:41:17 PM

Quote from: redsn0w on August 11, 2015, 04:28:47 PM

I think it is a good thing. More trouble more power ! It is only about decentralization (we are free to do whatever we want in the bitcoin world, so we are free to use (or not use) the bitcoin core version/bitcoin xt version Wink

).\

The # power is what decides this fork, and most of the network's #s comes from China, so is there a decentralization in there? As far as I remember, over 40 percent of the network's # comes from Chinese miners alone.

The things should not go in that way, but we should remember that miners without nodes are nothing (it is not a simple question).

dothebeats

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Activity: 3542

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Cashback 15%

Quote from: redsn0w on August 11, 2015, 04:28:47 PM

I think it is a good thing. More trouble more power ! It is only about decentralization (we are free to do whatever we want in the bitcoin world, so we are free to use (or not use) the bitcoin core version/bitcoin xt version Wink

).\

The # power is what decides this fork, and most of the network's #s comes from China, so is there a decentralization in there? As far as I remember, over 40 percent of the network's # comes from Chinese miners alone.

Alley

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I'd rather explain Biff forking the 1955 timeline with the almanac then try to explain a bitcoin fork here.

Erdogan

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Quote from: dropt on August 11, 2015, 03:21:53 PM

Quote from: OmegaStarScream on August 11, 2015, 03:04:20 PM

Well you aren't answering my main question which is Lightweight wallets , what is going to happen to those and why should I switch fast . I'am not using Bitcoin Core anymore anyway and the big question will I lose my BTC ? Bitcoin XT bitcoins = Bitcoin Core bitcoins or not ?

As far as I understand Bitcoin core BTC are the same as XT BTC until XT pushes its first block larger than 1MB. At that point XT BTC are different than core BTC. Whichever chain grows faster becomes the valid chain and valid BTC. Your SPV wallet compatibility depends on whether the SPV server you're using is using XT or core.

And I expect every server owner to state if they switch or not.

redsn0w

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#Free market

I think it is a good thing. More trouble more power ! It is only about decentralization (we are free to do whatever we want in the bitcoin world, so we are free to use (or not use) the bitcoin core version/bitcoin xt version Wink

).\

Erdogan

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Activity: 1512

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Quote from: Tzupy on August 11, 2015, 11:49:06 AM

It's not happening yet, 44% is just a vote, but could happen soon. And if one of the two competing blockchains won't die quickly, ouch... Wink

If I were holding bitcoins now, I'd choose (temporarily) the safety of fiat. I even cancelled my low bids, just in case this turns ugly... Cool

The losing chain will disappear in hours.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: OmegaStarScream on August 11, 2015, 04:15:49 PM

Quote from: Alley on August 11, 2015, 04:13:32 PM

Just so its clear for everybody XT and core are the same coins right now. No coins are changed that were made before a fork. Only after the fork do you need to be cautious of where you get your coins.

@fonsie too .
and when we are supposed to switch exactly , informations should be make in public and stuff right ? I'am afraid I miss that and my coins get ruined

Nothing will hapen before 2016 at the least, so still plenty of time for you to get familiar with the whole concept.

Keep an eye on https://getaddr.bitnodes.io/nodes/?q=70010, those nodes are running and willing to accept bigger blocks.

fonsie

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Activity: 434

Merit: 250

Quote from: ?? on ??

Quote from: fonsie on August 11, 2015, 04:12:18 PM

Quote from: OmegaStarScream on August 11, 2015, 04:10:40 PM

What the actual hell Shocked

Basically if I have right now 0.1 BTC , I won't have anything on XT later ? since you said at some point they won't be the same ... If this happens won't bitcoin just die ? I mean every signe bitcoiner will use their coins

NO, you will have 0.1 btc on bitcoinQT and 0.1 btc on bitcoinXT.

Yes, you'll double your money, for free! Isn't it exciting?

You don't seem to be understanding the concept. But it's OK, you're still NEWBIE.

OmegaStarScream

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Quote from: Alley on August 11, 2015, 04:13:32 PM

Just so its clear for everybody XT and core are the same coins right now. No coins are changed that were made before a fork. Only after the fork do you need to be cautious of where you get your coins.

@fonsie too .
and when we are supposed to switch exactly , informations should be make in public and stuff right ? I'am afraid I miss that and my coins get ruined

Alley

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Activity: 910

Merit: 1000

Just so its clear for everybody XT and core are the same coins right now. No coins are changed that were made before a fork. Only after the fork do you need to be cautious of where you get your coins.

Topic: 44% of the network already switched to 8M blocks - page 2. (Read 3548 times)