both BTC and XT are going to die when there is a fork without consensus.
Gavin and Mike are such shitlords.
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Topic: Bitcoin XT? - page 2. (Read 4906 times)
Gavin and Mike are such shitlords.
the real problem will be when bitcoinxt gain 30-40% of the mining bitcoins. Then we will a disaster and that will be the most dangerous momment of bitcoin. I think you dont need to have a 75% of the bitcoin network to create a fork a 51 is enough to run a pararrel system.
BitcoinXT is programmed to fork when 750 of the last 1000 blocks are XT blocks and it is january 11 2016 or later. The fork won't happen until that moment, it won't happen when it is at 51%. Of course, with NotBitcoinXT, then it could happen earlier and then both BTC and XT are going to die when there is a fork without consensus. 
the real problem will be when bitcoinxt gain 30-40% of the mining bitcoins. Then we will a disaster and that will be the most dangerous momment of bitcoin. I think you dont need to have a 75% of the bitcoin network to create a fork a 51 is enough to run a pararrel system.
I'd like to see a double question in a survey like this.
Whether people support xt, and whether they trade/use altcoins. I have a suspicion that would be quite informative.
Whether people support xt, and whether they trade/use altcoins. I have a suspicion that would be quite informative.
Bitcoin Core is Linux - decentralized, consensus-based
Bitcoin XT is Microsoft - spies on you, takes control over your privacy (and funds), blacklists, is closely connected with NSA and CIA
you decide
Bitcoin XT is Microsoft - spies on you, takes control over your privacy (and funds), blacklists, is closely connected with NSA and CIA
you decide
i dont know what is different bitcoin and bitcoin XT but i have read some issue have some virus and ip tracked. it's mean bitcoin XT under control
The more I think about it, more I am sure that Gavin didn't sail in just like that into this endeavor of the XT. Now I am starting to think that all was well prepared behind the scenes. He probably knew exactly who to count on and who supports him. He wouldn't put on a line everything if he wasn't close to sure that the XT will prevail!
Of course they knew. Look at this interview from June. Mike hearn claims that they talked with a lot of companies and they agreed with their plan. Around ~50:35Chinese pools however, have come out against bitcoin XT at large. Chinese pools account for the majority of the hashrate. The blocksize increase won't be triggered unless 75% of the latest 1000 blocks are mined under bitcoinXT.
https://www.youtube.com/watch?v=8JmvkyQyD8w
The more I think about it, more I am sure that Gavin didn't sail in just like that into this endeavor of the XT. Now I am starting to think that all was well prepared behind the scenes. He probably knew exactly who to count on and who supports him. He wouldn't put on a line everything if he wasn't close to sure that the XT will prevail!
stop bitcoin xt - it is just another shitaltcoin
apparently bitpay does not think in this way https://bitcointalksearch.org/topic/bitpay-suports-bip101-which-is-run-by-bitcoinxt-1157516
we are doomed to choose XT, there is no real choice, no real consensus, the few in disagreement must follow the many at the end
stop bitcoin xt - it is just another shitaltcoin
One more question , if you don't mind!
I read somewhere that Bitcoin XT has code which downloads your IP address to facilitate blacklisting , if such things will happen then it is against the spirit of Bitcoin as we mostly use bitcoins to be anonymous.
Is it true?
What you read is inaccurate. Bitcoincore uses hardcoded seednodes and 'showmyIP'. So perhaps Bitcoincore goes against the spirit of Bitcoin? I read somewhere that Bitcoin XT has code which downloads your IP address to facilitate blacklisting , if such things will happen then it is against the spirit of Bitcoin as we mostly use bitcoins to be anonymous.
Is it true?
I also had many doubts and your comment cleared them.
Just wanna know if XT is implemented then what will happen of individual nodes will they be still part of bitcoin network.
someone Told that if XT is implemented then all your coins in wallet(Currently) will be Lost, is that true?
No, that is a lie. The people who want XT to fail are lying a lot, trying to sabotage the consensus mechanism, etc. It means they already know that if they are honest they will quickly lose.
XT has been implemented. Anything that "will happen if XT is implemented" has already happened.
At some point in the future (but not before Jan 2016) the bitcoin protocol may change as a result of XT being adopted by a majority. If that happens it will not affect the ownership of the coins in your wallet.
What may happen is that some people who have failed or refused to update their software to a client that speaks the new protocol, may reject blocks mined according to that protocol after the changeover date, ultimately forming their own block chain based on the old protocol. After that, an increasing number of transactions (all transactions involving coins created after the fork) would be valid only in one of the two block chains; the one based on the new rules, or the one based on the old rules. If you are paid in a transaction that is valid only on one of these two block chains, you may have the coins on that block chain but not on the other. But this will not affect any coins currently in your wallet; a transaction spending them will be valid according to either version of the rules.
It also won't affect your wealth w/r/t anyone who is using the same set of protocol rules as you; If the transaction where you got coins is confirmed on the block chain that you and someone else both use for a subsequent transaction, a new transaction spending them will also be valid on that same block chain.
One more question , if you don't mind!
I read somewhere that Bitcoin XT has code which downloads your IP address to facilitate blacklisting , if such things will happen then it is against the spirit of Bitcoin as we mostly use bitcoins to be anonymous.
Is it true?
I also had many doubts and your comment cleared them.
Just wanna know if XT is implemented then what will happen of individual nodes will they be still part of bitcoin network.
someone Told that if XT is implemented then all your coins in wallet(Currently) will be Lost, is that true?
No, that is a lie. The people who want XT to fail are lying a lot, trying to sabotage the consensus mechanism, etc. It means they already know that if they are honest they will quickly lose.
XT has been implemented. Anything that "will happen if XT is implemented" has already happened.
At some point in the future (but not before Jan 2016) the bitcoin protocol may change as a result of XT being adopted by a majority. If that happens it will not affect the ownership of the coins in your wallet.
What may happen is that some people who have failed or refused to update their software to a client that speaks the new protocol, may reject blocks mined according to that protocol after the changeover date, ultimately forming their own block chain based on the old protocol. After that, an increasing number of transactions (all transactions involving coins created after the fork) would be valid only in one of the two block chains; the one based on the new rules, or the one based on the old rules. If you are paid in a transaction that is valid only on one of these two block chains, you may have the coins on that block chain but not on the other. But this will not affect any coins currently in your wallet; a transaction spending them will be valid according to either version of the rules.
It also won't affect your wealth w/r/t anyone who is using the same set of protocol rules as you; If the transaction where you got coins is confirmed on the block chain that you and someone else both use for a subsequent transaction, a new transaction spending them will also be valid on that same block chain.
XT appears to be a hard-fork like XPY from the main chain of the Bitcoin Protocol. XT needs to remain consistent with the current protocol IMO. The fact is, it does remain consistent but it tries to reach consensus and thus become inconsistent. The current protocol appears to scale with anticipated network growth to 8MB if I'm not correct.
The new version, which calls itself Bitcoin XT, would increase the block size to 8 megabytes, which would allow up to 24 transactions to be processed every second. That is still a fraction of the 20,000 or so that VISA can process, but would increase every year, so that bitcoin could continue to grow.
Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on, as the extra computer memory needed would shut out many of the thousands of individual “nodes” that currently power the network.
Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on, as the extra computer memory needed would shut out many of the thousands of individual “nodes” that currently power the network.
I also had many doubts and your comment cleared them.
Just wanna know if XT is implemented then what will happen of individual nodes will they be still part of bitcoin network. Individual nodes will simply move to big specialized servers over time. Just like the internet already works and is considered decentralized.
someone Told that if XT is implemented then all your coins in wallet(Currently) will be Lost, is that true? Nope. Pure FUD.
Funny how someone created a fake and indistinguishable XT client. It could effectively cause a premature fork.
That's why 75%+ of hashpower is needed for a trigger.
Not really, 75% of the last 1000 blocks would be needed to be mined with XT to trigger the fork. But NotXT can also be used to mine.
The Gavinistas don't seem to understand NotXT can also be used to mine NotXT blocks.
They're going to be so buttburned when they figure it out.
1 XT/NotXT block down, 749 to go.
If we get to 75% XT/NotXT blocks, Gavin Baratheon the FailKing will be rekt like it's Winterfell.
The new version, which calls itself Bitcoin XT, would increase the block size to 8 megabytes, which would allow up to 24 transactions to be processed every second. That is still a fraction of the 20,000 or so that VISA can process, but would increase every year, so that bitcoin could continue to grow.
Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on, as the extra computer memory needed would shut out many of the thousands of individual “nodes” that currently power the network.
Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on, as the extra computer memory needed would shut out many of the thousands of individual “nodes” that currently power the network.
I also had many doubts and your comment cleared them.
Just wanna know if XT is implemented then what will happen of individual nodes will they be still part of bitcoin network.
someone Told that if XT is implemented then all your coins in wallet(Currently) will be Lost, is that true?
I don't understand why poeple keep saying XT is an hostile take over. It's a free market based choice.
because the impact on the bitcoind price, so many people are angry
I don't understand why poeple keep saying XT is an hostile take over. It's a free market based choice.
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