44% of the network already switched to 8M blocks - page 3.

fonsie

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

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.

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.

fonsie

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Quote from: fonsie on August 11, 2015, 04:04:24 PM

It seems microsoft is also in favor of bigger blocks
https://getaddr.bitnodes.io/nodes/23.102.177.120-8333/

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

Same reason that some people are against bitcoin, "brain damage"

OmegaStarScream

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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.

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

fonsie

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Quote from: NorrisK on August 11, 2015, 04:06:44 PM

Didn't they already say that there would be no hardfork before 2016 anyway? I wouldn't worry too much, this is more like a voting round. The presidential seal will be switched months from now...

Yes

Requirements:

- date>2016
- consensus > 75%
- above two should remain for 2 weeks

Then bigger blocks are allowed.

NorrisK

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Didn't they already say that there would be no hardfork before 2016 anyway? I wouldn't worry too much, this is more like a voting round. The presidential seal will be switched months from now...

fonsie

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It seems microsoft is also in favor of bigger blocks
https://getaddr.bitnodes.io/nodes/23.102.177.120-8333/

dothebeats

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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 ?

Lite wallets or spv wallets rely on their servers on which chain are they using. So if, for example, xt gained 75% of the votes, all clients must switch to xt and your spv server should change too for your transactions to be valid across the network. If the 75% of the votes for xt is not yet achieve, nothing will happen.

fonsie

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Quote from: Meuh6879 on August 11, 2015, 03:19:24 PM

to be clear : if i see bitcoin XT on bitcoin.org ... i switch because the majority of the developper are agree to fork.
that's why bitcoin XT have no official page ... except on github or others linked website.

a developper that it haven't bitcoins to buy a serious domain to handle question traffic ... is not a key to touch the majority.

Why would you let the core devs decide what will happen? YOU should decide.

http://xtnodes.com/
https://bitcoinxt.software/ (will be up shortly)

fonsie

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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 ?

When the time is there and it will fork, don't go making transactions until the dust has settled and you will be fine.

dropt

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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.

Meuh6879

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to be clear : if i see bitcoin XT on bitcoin.org ... i switch because the majority of the developper are agree to fork.
that's why bitcoin XT have no official page ... except on github or others linked website.

a developper that it haven't bitcoins to buy a serious domain to handle question traffic ... is not a key to touch the majority.

OmegaStarScream

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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 ?

fonsie

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Activity: 434

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Quote from: OmegaStarScream on August 11, 2015, 02:45:00 PM

Quote from: Wexlike on August 11, 2015, 02:39:43 PM

Quote from: OmegaStarScream on August 11, 2015, 02:18:05 PM

Could anyone here take couple of minuts from his time to explain to me what is going on .
Bitcoin XT coins & Bitcoin Core coins aren't the same or something ? and why the value of BTc will change simply because of this Huh

RIP ? I asked once what is Bitcoin XT but they only said it's something for Peer to Peer protocol improvment and double spent crap
also what would happen for people who use Blockchain.info wallet or Lightweight wallets it's so freaking confusing . don't get anything

BitcoinXT is a fork of the BitcoinQT codebase but is mean to support blocks bigger than 1 mb. If such a block is mined, this block will be invalid on the BitcoinQT Blockchain(If the codebase stays the same) but valid on the XT blockchain. That means we would have to parallel blockchains at the same time. Depending what version the majority of the users and miners is using, the corresponding blockchain will survive and the inferior blockchain will be dumped to zero.

Why I look like the only one worried here , looks like a disaster to me to be honest . I aint an early adopter but I'am really attached to bitcoin
Also are they same coins ? could be send coins of Bitcoin Core to this XT later and use them without any issues ? or from any Lightweight wallet to this XT shit ? damn it.. confused here
If yes .. then why in the world the value will be halved as OP said

First thing you should do is, DO NOT LISTEN TO WHAT FUCKDUCK HAS TO SAY.

Next, if you prefer bigger blocks, start using bitcoinXT, if you prefer small blocks, just keep using bitcoinQT. If more than 75% starts using bitcoinXT then you should switch ASAP, if it keeps being less than 75%, nothing will happen.

OmegaStarScream

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Quote from: Wexlike on August 11, 2015, 02:39:43 PM

Quote from: OmegaStarScream on August 11, 2015, 02:18:05 PM

Could anyone here take couple of minuts from his time to explain to me what is going on .
Bitcoin XT coins & Bitcoin Core coins aren't the same or something ? and why the value of BTc will change simply because of this Huh

RIP ? I asked once what is Bitcoin XT but they only said it's something for Peer to Peer protocol improvment and double spent crap
also what would happen for people who use Blockchain.info wallet or Lightweight wallets it's so freaking confusing . don't get anything

BitcoinXT is a fork of the BitcoinQT codebase but is mean to support blocks bigger than 1 mb. If such a block is mined, this block will be invalid on the BitcoinQT Blockchain(If the codebase stays the same) but valid on the XT blockchain. That means we would have to parallel blockchains at the same time. Depending what version the majority of the users and miners is using, the corresponding blockchain will survive and the inferior blockchain will be dumped to zero.

Why I look like the only one worried here , looks like a disaster to me to be honest . I aint an early adopter but I'am really attached to bitcoin
Also are they same coins ? could be send coins of Bitcoin Core to this XT later and use them without any issues ? or from any Lightweight wallet to this XT shit ? damn it.. confused here
If yes .. then why in the world the value will be halved as OP said

Wexlike

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Quote from: OmegaStarScream on August 11, 2015, 02:18:05 PM

Could anyone here take couple of minuts from his time to explain to me what is going on .
Bitcoin XT coins & Bitcoin Core coins aren't the same or something ? and why the value of BTc will change simply because of this Huh

RIP ? I asked once what is Bitcoin XT but they only said it's something for Peer to Peer protocol improvment and double spent crap
also what would happen for people who use Blockchain.info wallet or Lightweight wallets it's so freaking confusing . don't get anything

BitcoinXT is a fork of the BitcoinQT codebase but is meant to support blocks bigger than 1 mb. If such a block is mined, this block will be invalid on the BitcoinQT Blockchain(If the codebase stays the same) but valid on the XT blockchain. That means we would have two parallel blockchains at the same time. Depending what version the majority of the users and miners is using, the corresponding blockchain will survive and the inferior blockchain will be dumped to zero.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Could anyone here take couple of minuts from his time to explain to me what is going on .
Bitcoin XT coins & Bitcoin Core coins aren't the same or something ? and why the value of BTc will change simply because of this Huh

RIP ? I asked once what is Bitcoin XT but they only said it's something for Peer to Peer protocol improvment and double spent crap
also what would happen for people who use Blockchain.info wallet or Lightweight wallets it's so freaking confusing . don't get anything

dothebeats

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Nice discussion happening on reddit right now, especially on switching some codebases on the miners machines. Well whatever happens, I'll still run core unless there would be drastic changes happening. As to what I understand on the discussion, if the consensus reached 75% of the vote, all businesses and miners who runs core should switch to xt as soon as possible so as to prevent some conflicts and confusion.

dropt

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Quote from: ?? on ??

Quote from: dropt on August 11, 2015, 01:43:11 PM

Quote from: ?? on ??

Quote from: dropt on August 11, 2015, 12:04:14 PM

Quote from: ?? on ??

I was told that we'll just have twice as many bitcoins, for free! Won't we?
No one honestly thought that 21 million bitcoins would be enough for the whole world. If everybody wanted to own just ONE bitcoin, blood would flow, because there isn't enough bitcoins for everyone. Not even enough for every real American!

F.O.

You mean FOMO? Like CCMF?
Do you suppose its alright to have just 21 million bitcoins for the whole wide world, and somebody told me we can only have ... i don't really understand it enough, but something about 'maximum sustained rate of 2.7 transactions per second' is what they said. Is that lying again?

No. I mean F.O. as in, fuck off.

Man, that's just rude! Sure, the guy seems a bit slow, but show me a single bitcoin enthusiast who isn't?
Who's gonna buy my coins if you keep spooking away greater fools?

What part of F.O. are you having trouble with?

dropt

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Quote from: ?? on ??

Quote from: dropt on August 11, 2015, 12:04:14 PM

Quote from: ?? on ??

I was told that we'll just have twice as many bitcoins, for free! Won't we?
No one honestly thought that 21 million bitcoins would be enough for the whole world. If everybody wanted to own just ONE bitcoin, blood would flow, because there isn't enough bitcoins for everyone. Not even enough for every real American!

F.O.

You mean FOMO? Like CCMF?
Do you suppose its alright to have just 21 million bitcoins for the whole wide world, and somebody told me we can only have ... i don't really understand it enough, but something about 'maximum sustained rate of 2.7 transactions per second' is what they said. Is that lying again?

No. I mean F.O. as in, fuck off.

Alley

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Why is a bigger block thread in the speculation forum? This should be in the main discussion forum.

Topic: 44% of the network already switched to 8M blocks - page 3. (Read 3548 times)