44% of the network already switched to 8M blocks - page 4.

techgeek

hero member

Activity: 826

Merit: 1000

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

this should be the underlying note and be taken away.

Its not happened yet.. and its only a vote. Although if the majority votes are towards higher then 44% then it says something that we need a change like someone mentioned with the mining pools that offered the 8 mb.

batou

jr. member

Activity: 52

Merit: 1

44% is that like 4 people?

dropt

legendary

Activity: 1512

Merit: 1000

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.

Tzupy

legendary

Activity: 2170

Merit: 1094

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

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: kwukduck on August 11, 2015, 11:33:51 AM

Quote from: brg444 on August 11, 2015, 11:30:26 AM

Opinion? You're an idiot

Perspectives? No such thing is happening

Solution? Go sit your ass in the corner

Orly? https://twitter.com/kncminer/status/631098358657077249
Nothing is happening?
Are you done spreading your lies yet in order to hold the price up to sell your bags?

Yes indeed nothing so much resembling any percentage of the network having "switched" to 8MB block is happening.

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: Wexlike on August 11, 2015, 11:34:40 AM

This is fucking awesome ! Finally people are positioning themself. Even the latest reddit post shows that all of the big companys are behind a block size increase through the BIP 100. I hope we leave this stupid consensus finding phase asap behind us. A maximum of 32 mb blocks gives us also enough of time to develop sidechains and lightning network.

All in all, awesome news!

Edit: And my little XT node is running with 20 connections..

Haha, good to hear on the xt with very few connections.

As for the comment on the sidechains if we ever got to a huge mb per transactions, do you think it really would be necessary? I personally think that if sidechains were to develop it would only hinder growth because new faces come into bitcoin have to learn so much already.

Wexlike

legendary

Activity: 1473

Merit: 1086

This is fucking awesome ! Finally people are positioning themself. Even the latest reddit post shows that all of the big companys are behind a block size increase through the BIP 100. I hope we leave this stupid consensus finding phase asap behind us. A maximum of 32 mb blocks gives us also enough of time to develop sidechains and lightning network.

All in all, awesome news!

Edit: And my little XT node is running with 20 connections..

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: brg444 on August 11, 2015, 11:30:26 AM

Opinion? You're an idiot

Perspectives? No such thing is happening

Solution? Go sit your ass in the corner

Orly? https://twitter.com/kncminer/status/631098358657077249
Nothing is happening?
Are you done spreading your lies yet in order to hold the price up to sell your bags?

bassclef

hero member

Activity: 924

Merit: 1000

If it walks and quacks like a duck...

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Opinion? You're an idiot

Perspectives? No such thing is happening

Solution? Go sit your ass in the corner

mrhelpful

legendary

Activity: 1456

Merit: 1002

Im reading that reddit thread, which is already being spammed with different questions about btc xt and questions about full nodes.

the question I get is where are the qualified #`s are coming from, all I see from the comments were some chinese miner pools offer the 8mb.

how many mining pools do we have?

kwukduck

legendary

Activity: 1937

Merit: 1001

And so the disaster unfolds...
If we go over 50% we could be looking to drop under half of current value.
Opinions? Other perspectives? Solutions?

https://www.reddit.com/r/Bitcoin/comments/3glfo1/44_of_bitcoin_mining_hash_power_is_currently/

Topic: 44% of the network already switched to 8M blocks - page 4. (Read 3559 times)