Topic: Big block support observer - page 4. (Read 6665 times)

I am not so sure, I got the impression that big miners are selling their coins to the OTC market which can be pretty broad. hard to tell though.

China is fundamentally disconnected from everywhere else though. There might be an outside possibility that certain Chinese miners and exchanges might attempt to soldier on. They don't sell in the West and Chinese traders probably barely have a clue who Coinbase or Bitpay are. It's very unlikely but if they're that turned off by XT and it's looking like a winner they might attempt it.

We also shared some information about NiceHash and Bitcoin XT (nothing changes for NiceHash, we are trying to stay neutral in this matter): https://www.nicehash.com/index.jsp?p=news&id=31 … Keep on hashing

Just re-posting my message on mailing list here:

There is one, and only one scenario that BitcoinXX will win: it is supported by major exchanges, merchants, and investors, and they request miners to support it. When BIP101 is activated, these exchanges will refuse to accept or exchange tokens from the old chain. Miners in the old chain can't sell their newly generated coins and can't pay the electricity bill. They will soon realize that they are mining fool's gold and will be forced to switch to the new chain or sell their ASIC. The old chain will be abandoned and has no hope to revive without a hardfork to decrease the difficulty. The dust will settle in days if not hours.

Will the adoption of BitcoinXX lead by miners? No, it won't. Actually, Chinese miners who control 60% of the network has already said that they would not adopt XX. So they must not be the leader in this revolution. Again, miners need to make sure they could sell their bitcoin in a good price, and that's not possible without support of exchanges and investors.

What about that Not-Bitcoin-XX? The creator of the spoof client may stay anonymous, but the miners cannot. 95% of the blocks come from known entities and they have to be responsible to their actions. And again, they have real money in stake. If bitcoin is destroyed, their ASIC serves at best as very inefficient heaters.

So Bitcoin-XX is basically in a win-all-or-lose-all position. It all relies on one condition: the support of major exchanges, merchants, and investors. Their consensus is what really matters. With their consensus, that could not be a Schism hardfork. Without their consensus, nothing will happen.

This one is interesting. The sentiment is changing. If people feel the situation becomes really intolerable, they will press the nuke button

Antpool

https://twitter.com/JihanWu/status/633288343338381314

OKcoin

https://twitter.com/okcoinbtc/status/598412795240009728


blockchain.info

https://twitter.com/OneMorePeter/status/595676380320407553
https://twitter.com/niccary/status/595707211994763264

bitpay

https://twitter.com/spair/status/634174754879078400

This thread is not for discussion of which proposal is good or bad, so your comment is deleted.

Slush allows miners to choose whether they want to mine a BIP101 block or non-BIP101 block: https://twitter.com/slush_pool/status/634056538190168064

There are hundreds if not thousands of proposals like this. They won't be included unless a BIP number is assigned, or I believe it's very likely to be assigned.

It's happening

Slush has found the first BIP101 block at height 370434, 2015-08-18 18:09:27 UTC

https://www.blocktrail.com/BTC/block/00000000000000000174419fa2ba5003e123dbd97c6982aff1863f016b04789d

This one needs to be added to the list in my opinion - https://bitcointalksearch.org/topic/bip-106-dynamically-controlled-bitcoin-block-size-max-cap-1154536

It took some work, but I fixed it for you.

And we have the first block mined with a client with big block support!

Block 370434 by Slush

Update: 201508171735UTC



Increasing steadily. Please note that there are attempts to contaminate the data by spoofing clients. However, the growth looks natural to me: faster at the first 2 days, and now become slower.

Someone has created a client which is totally identical to BitcoinXX but actually not supporting BIP101 and will mine blocks with version 0x20000007. This is my response.




Yes. Your message is quoted.

Do you think it is possible that someone is simply setting up tons of Bitcoin XT nodes just to make it seem like there is more support for it?

Also, am I the first person to do this?

I don't think you need to be synced before you are visible on https://getaddr.bitnodes.io/nodes/

In fact, many BIP101 nodes are syncing, suggesting that they are new ones:

Looks like the reason we are not seeing a more rapid increase in nodes is the time it takes to synch the blockchain? Could epxlain the sudden surge in nodes, all syncing for a week to come online around the same time?