Topic: Bitcoin Core or XT, you dont have to choose NOW. Dont bother with the poll.... - page 4. (Read 4026 times)

I admit I haven't been keeping up with the latest developments but from what I've read during the past month or so, this shouldn't be the case. The fork is a change in the protocol that allows for bigger blocks than the current 1 MB limit. I don't believe that the total number of coins is planned to change. Perhaps you are confusing the concept of larger blocks (measured in megabytes) with larger block rewards (which won't be affected by the fork):


Link: http://www.cryptocoinsnews.com/bitcoin-xt-pushing-ahead-bigger-blocks/

No the 21 million coins limit stays exactly the same whatever happens. Nothing's going to change that limit.

Moving to the new fork does this mean the 21 million coins are raised?

The poll allows for it being modified (once you vote, you can modify your vote in the future). It should run way longer tho, at least until January 2016, otherwise its doing more harm than good.

Thanks guys, there is an awful lot of FUD out there and we need more posts like this.  I was very alarmed at first but after reading more details about what is going on I have come to understand that the issue is not as nuclear as I first thought.

You should also add Gavin's actual email into the OP.

In Gavin's email, he also says how he plans on completing the fork. Once a majority of the network supports his Bitcoin XT fork with a new block version, the blockchain will soft-fork by essentially having those nodes only accept blocks with the new version but still only mine blocks that are 1 Mb or less. Then, once he has a super-majority (>90% of nodes) with the new blocks, the blockchain will hard-fork with the mining of larger blocks. This is how consensus will be achieved, and very few people will be left on the old chain, thus making the old chain weak and undesirable.

God damn this forums must be all newbies or what? I had to log in to make this thread to stop all the nonsense from you newbies for the past few days. Let me break it down to you what is happening, and why a fork might not be a fork!


+ You currently dont have to choose Core or XT, both are just wallet clients using the same database (blockchain)

+ You can run both wallet clients if you dont know to support blocksize increase or not

+ Gavin and Dev core using 2 clients to sort out the consensus of the network, who will support blocksize increase and who wont.

+ As the XT becomes 90% of bitcoin nodes, Gavin will implement the blocksize increase. This is like soft fork, you will know by then because i'm sure all major bitcoin services will announce they will support the blocksize increase or not.

+ The Core will be obsoleted and the bitcoin network has reached the consensus.



Here is the BS being spread around here:

- You can sell your coins of weaker chain : NO you WONT, i can tell you no exchange will support a weaker chain and risking their business
- Price will be halved because you now have doubled your coins: No it wont, because you cant sell coins on the weaker change on any exchanges. Unless you can find some retard on the forums to sell to, and if you can, you should fork your own bitcoins now and be rich.


Gavin's proposal is to increase pressure on decision making of the Core team. As at the current pace, we will not have enough time left and bitcoin network will face bottleneck. The damages might be too great then and risk all investors involved.

I think this is a brilliant idea. Everyone (bitcoiners) will learn about this and start voting. Look at how many confused members on here, i think it works already.