Bitcoin is Forking - page 5. | Bitcointalksearch.org

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: coinableS on August 15, 2015, 02:00:13 PM

Hang on, do we actually have two competing chains right now? Or is this just a heads up that there is going to be a fork in the future?

AFAIK there is no fork yet. The fork will come when the conditions of "consensus" are reached to create a > 1 MB block while the core clients create blocks 1 MB or less...that is when the fork starts.

coinableS

legendary

Activity: 1442

Merit: 1186

Hang on, do we actually have two competing chains right now? Or is this just a heads up that there is going to be a fork in the future?

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: AtheistAKASaneBrain on August 15, 2015, 01:27:03 PM

This means nothing until a hard fork happens and we are still lightyears away from the nodes needed for the hard fork to actually occur, so Bitcoin is still the same.

Yes, these kind of distributed projects and specially in how the bitcoin network operates everything has to be planned way ahead because it takes a long time for people to upgrade their nodes.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

thanks to some smart devs we have a plan for the next big influx of users.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: AtheistAKASaneBrain on August 15, 2015, 01:27:03 PM

This means nothing until a hard fork happens and we are still lightyears away from the nodes needed for the hard fork to actually occur, so Bitcoin is still the same.

How are you justifying your time claim "lightyears" away?

Do you always wait until your bank account hits $0 or EUR or whatever before getting a job to pay your bills? Grin

It's called being proactive.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Good news. Was about time!

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

This means nothing until a hard fork happens and we are still lightyears away from the nodes needed for the hard fork to actually occur, so Bitcoin is still the same.

Hexadecibel

vip

Activity: 571

Merit: 504

I still <3 u Satoshi

Good. I've got my node up and running. If you're reading this and run a node, you should as well.

to quote Mike:

Quote

[Core devs] believe that the only mechanism that Bitcoin has to keep them in check should never be used.

Myself and many other early adopters and developers went down this rabbit hole because we wanted to support a world changing technology that takes power from the elite few and puts it back in our hands. The Bitcoin Core project is no longer aligning with these ideals.

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: RoadStress on August 15, 2015, 01:12:59 PM

Request for all wallet developers: Add the option to choose the fork in case of a hard fork!

https://bitcointalksearch.org/topic/request-for-all-wallet-developers-1153684

RoadStress thanks for letting us know about this option in case of the hard fork.

RoadStress

legendary

Activity: 1904

Merit: 1007

Request for all wallet developers: Add the option to choose the fork in case of a hard fork!

https://bitcointalksearch.org/topic/request-for-all-wallet-developers-1153684

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: LiteCoinGuy on August 15, 2015, 01:05:15 PM

Quote from: cryptothreads on August 15, 2015, 01:02:44 PM

Quote from: BornBlazed on August 15, 2015, 01:00:42 PM

It happens.
why do you think this fork is so scary?

Honestly, I don't think its scary. I expected it and accept it. I was just adding some humor.

dont do this. noobs will be scared Undecided

for the new people here: bitcoin to the moon? support bigger blocks (XT)!

Why is Bitcoin forking?

A long time ago, Satoshi put in place a temporary kludge: he limited the size of each block to one megabyte. He did this in order to keep the block chain small in the early days, until what we now call SPV wallets were built (‘client only mode’). As seen in the quote above, it was never meant to be permanent and he talked about phasing it out when the time came. In the end it wasn’t needed — I wrote the first SPV implementation in 2011 and with my esteemed colleague Andreas Schildbach, together we built the first and still most popular Android wallet. Since then SPV wallets have been made for every platform. So Satoshi’s reason for the temporary limit has been resolved a long time ago.

https://medium.com/@octskyward/why-is-bitcoin-forking-d647312d22c1

Hahaha sorry didn't mean to scare people! Was trying to interject some humor in all this drama. Yes, bigger blocks = to the Moon! Grin

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: cryptothreads on August 15, 2015, 01:02:44 PM

Quote from: BornBlazed on August 15, 2015, 01:00:42 PM

It happens.
why do you think this fork is so scary?

Honestly, I don't think its scary. I expected it and accept it. I was just adding some humor.

dont do this. noobs will be scared Undecided

for the new people here: bitcoin to the moon? support bigger blocks (XT)!

Why is Bitcoin forking?

A long time ago, Satoshi put in place a temporary kludge: he limited the size of each block to one megabyte. He did this in order to keep the block chain small in the early days, until what we now call SPV wallets were built (‘client only mode’). As seen in the quote above, it was never meant to be permanent and he talked about phasing it out when the time came. In the end it wasn’t needed — I wrote the first SPV implementation in 2011 and with my esteemed colleague Andreas Schildbach, together we built the first and still most popular Android wallet. Since then SPV wallets have been made for every platform. So Satoshi’s reason for the temporary limit has been resolved a long time ago.

https://medium.com/@octskyward/why-is-bitcoin-forking-d647312d22c1

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: BornBlazed on August 15, 2015, 01:00:42 PM

It happens.
why do you think this fork is so scary?

Honestly, I don't think its scary. I expected it and accept it. I was just adding some humor.

BornBlazed

full member

Activity: 201

Merit: 100

Quote from: cryptothreads on August 15, 2015, 12:56:37 PM

Maybe it should have read Bitcoin is FUCKED ? no joking. Grin

It happens.
why do you think this fork is so scary?

cryptothreads

hero member

Activity: 1274

Merit: 500

Mike Hearn:
https://medium.com/@octskyward/why-is-bitcoin-forking-d647312d22c1

Reddit: Bitcoin is Forked
https://www.reddit.com/r/Bitcoin/comments/3h42cz/bitcoin_is_forked/

Maybe it should have read Bitcoin is FUCKED ? no joking. Grin

Topic: Bitcoin is Forking - page 5. (Read 5334 times)