[ANN] SCRYPT HARD FORK BLOCK ON 256000 - page 3.

K1773R

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Quote from: techsavver on August 06, 2013, 04:41:08 AM

I am creating a new fork of Bitcoin that will use Scrypt for hashing on block 256000.
The initial difficulty for scrypt will be 1 to give miners a chance at reliving the good old days of Bitcoin.

This is because the bitcoin network is going to be owned by China with ASICMINER, AVALON, BTCGARDEN, etc. Going back to GPUs would strength Bitcoin and protect the miners - the working class of Bitcoin.

We need to get all the users, miners, merchants on board. Please contact your mining pool and tell them to switch to Scrypt on block 256000. Point your GPUs at a scrypt miner. Get merchants, websites, casinos, stores to update to the hard fork.

Together, we can reclaim the glory of Bitcoin again.

will this include the blockchain of btc? ie, if so i can spend my btc twice Cheesy

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: Anduck on August 06, 2013, 07:56:15 AM

Wrong.

Yup - I guess the OP doesn't understand Bitcoin very well - time for me to leave this topic...

Anduck

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quack

Quote from: techsavver on August 06, 2013, 07:41:18 AM

Quote from: CIYAM on August 06, 2013, 06:16:27 AM

Quote from: techsavver on August 06, 2013, 06:13:56 AM

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

Wrong.

Hfleer

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Changing avatars is currently not possible.

Quote from: techsavver on August 06, 2013, 04:41:08 AM

I am creating a new fork of Bitcoin that will use Scrypt for hashing on block 256000.
The initial difficulty for scrypt will be 1 to give miners a chance at reliving the good old days of Bitcoin.

This is because the bitcoin network is going to be owned by China with ASICMINER, AVALON, BTCGARDEN, etc. Going back to GPUs would strength Bitcoin and protect the miners - the working class of Bitcoin.

We need to get all the users, miners, merchants on board. Please contact your mining pool and tell them to switch to Scrypt on block 256000. Point your GPUs at a scrypt miner. Get merchants, websites, casinos, stores to update to the hard fork.

Together, we can reclaim the glory of Bitcoin again.

Good one. Some of the ASIC companies, and investers could be slightly unhappy if that happened.

techsavver

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Quote from: CIYAM on August 06, 2013, 06:16:27 AM

Quote from: techsavver on August 06, 2013, 06:13:56 AM

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Scrypt is more secure. ASICs cannot 51% Scrypt.

Lauda

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Terminated.

Quote from: Anduck on August 06, 2013, 06:20:10 AM

You all seem so stressed, stare this. When I see one major bitcoin developer switch, I will switch.

The cat says no.

When i see 90% of official bitcoin related services and such switch then I will do the same, but this will never happen to a fork by an random internet guy.

I like dat cat, it's cute :3

AliceWonder

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A hard fork is the worst thing miners could do.

It would result in questions about future stability of bitcoin causing a price drop and devaluing all the coins they mine.

Out of self interest, this will not happen.

smoothie

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LEALANA Bitcoin Grim Reaper

I highly doubt any meaningful amount of nodes will switch to this new fork.

But then again to each his own.

Anduck

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quack

You all seem so stressed, stare this. When I see one major bitcoin developer switch, I will switch.

The cat says no.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: techsavver on August 06, 2013, 06:13:56 AM

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Haha - your large merchant mines then do they (if not then why would they want a less secure network)?

Rannasha

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Quote from: techsavver on August 06, 2013, 06:13:56 AM

I have just talked to a very large Bitcoin merchant. They said they will upgrade.

... of course they will ...

Anduck

legendary

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quack

First be a bitcoin developer to try to change the mainline of bitcoin development. You are out of your mind if you think people will switch to scrypt-based Bitcoin just like that, without notifications and you demand all the merchants and miners and POOLS (people point sha256-asics to them!) etc. to switch. Also: there's no reason to use scrypt.

2/5, haven't seen this stuff at this level before.

techsavver

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I have just talked to a very large Bitcoin merchant. They said they will upgrade.

Lauda

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Terminated.

Quote from: techsavver on August 06, 2013, 05:24:43 AM

Yes, there will be 2 different chains. But the Scrypt chain will prevail.

No it will not. Nobody will stick with this idiocy.

yona

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i don't wish you good luck
even though i share the view that ASIC has a monopoly issue and is not a perfect distribution of voting power...
please do think of what would happen if you succeed but only miners who don't use ASIC join your ALT Chain.

there will be 2 systems. one with ASIC, which will probably have more Hash power, and be more secure, and one with the growing scrypt mining which will be more democratic...

people will have their coins in both but any tx can be copied and broadcast in either Chains, thus new tx will be very insecure
security problems will weaken bitcoin, and bitcoin will suffer.
also the rift will make the whole concept of cryptocurrency a laughing matter.

i don't think this is the way to go...

luckily i don't see you succeed.

Pokerfan

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Quote from: elasticband on August 06, 2013, 05:23:20 AM

theoretically speaking if people do get on board, which they probably will if difficulty is set to zero(greed), then we have 2 different chains?

At any given time we have 10 bitcoin chains: 1 official one and 9 private chains that I run. Everyone is free to create their own chains, it just doesn't matter.

elasticband

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explain why so?

techsavver

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Yes, there will be 2 different chains. But the Scrypt chain will prevail.

elasticband

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Quote from: Pokerfan on August 06, 2013, 05:20:15 AM

Quote from: elasticband on August 06, 2013, 05:18:00 AM

out of interest, is this possible?

This is certainly possible. There is just no need for it, therefore people would be unlikely to get on board.

theoretically speaking if people do get on board, which they probably will if difficulty is set to zero(greed), then we have 2 different chains?

techsavver

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There has been many hard forks through out the history of Bitcoin. For example, remember the May one?

If you do not upgrade to Scrypt, you will be left behind.

Topic: [ANN] SCRYPT HARD FORK BLOCK ON 256000 - page 3. (Read 4040 times)