Bitcoinocracy: If non-Core hard fork wins, major holders will sell BTC - page 2.

Cconvert2G36

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Quote from: Patel on February 03, 2016, 11:51:25 PM

Quote from: dropt on February 02, 2016, 09:26:42 PM

I doubt many, if any, of these people will actually dump their coins. And, if they do, be prepared to catch the falling knife.

I'm pro core and classic, but for now I'm throwing my chips on classic. I've fired up a Classic node and turned on all of my old mining HW to Slush to vote in favour of the HF.

If the HF destroys Bitcoin, then so be it.

Pretty reckless to risk your investment (and Bitcoin protocol) to fix the non-existent problem of full blocks.

Some would say allowing a company to capture the protocol, steer it to their will, while selling lackeys on the idea that it is all in the name of safety and decentralization... would be pretty reckless. I guess it's all a matter of perspective.

Patel

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Quote from: dropt on February 02, 2016, 09:26:42 PM

I doubt many, if any, of these people will actually dump their coins. And, if they do, be prepared to catch the falling knife.

I'm pro core and classic, but for now I'm throwing my chips on classic. I've fired up a Classic node and turned on all of my old mining HW to Slush to vote in favour of the HF.

If the HF destroys Bitcoin, then so be it.

Pretty reckless to risk your investment (and Bitcoin protocol) to fix the non-existent problem of full blocks.

rocks

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Quote from: gijoes on February 02, 2016, 11:05:32 AM

Quote from: Amph on February 02, 2016, 06:11:27 AM

the non-core guy are only implementing somethign really needed not like xt that were adding unecessary crap

You need to learn more. Part of this "New Bitcoin" is democratic vote on any features and limitations of Bitcoin system. Thought New Bitcoin will have 21M coins hard cap? Think again. Their main developer said so much: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

The 21M limit is not fixed because Maxwell is protecting us from changing it, the 21M limit is fixed because the majority of users are incentivized to keep it.

It is the same with the blocksize limit, the majority are incentivized to increase the limit, so it will be increased.

Toomin is stating a basic truth of bitcoin, bitcoin is whatever its users want it to be. And the beautiful thing about bitcoin is no one can stop that

gijoes

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Quote from: zby on February 03, 2016, 08:01:34 AM

It looks like some holders already started.

Actually, I see the opposite: so far, every dump attempt is bought out pretty quickly. I guess the possibility of hostile hard fork is assessed as very low by the whales ATM. So, they use the uncertainty of the small/retail traders to increase their long positions. The market pattern definitely looks like accumulation to me.

LFC_Bitcoin

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Quote from: MatTheCat on February 02, 2016, 01:58:21 PM

Tell u what:

https://blockchain.info/address/12JKDhDJfux3VjpRbDYQj81JAZNEyn2nfq

5 BTC transaction made over 1 hour ago. Still ZERO confirmations (and I need to wait on 6).

...lets face it, we have all been through this sort of shit, many many times with Bitcoin......and unless something is done to change this, you would have to think that Bitcoin's days are indeed numbered.

With a USD value that fluctuates so wildy, this sort of delay in a digital transaction is un-fucking-tenable.

Would Bitcoin XT change this? If yes, then it needs to go ahead. If not, then move over Bitcoin, hello (............) Ethereum?

Increase your fee. I didn't click on the link but are you still sending transactions using the 0.0001 fee?

If you want it to go through in a respectable time use a bigger fee tight ass Wink

zby

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It looks like some holders already started.

mrhelpful

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The only time I`d sell is if its rising.

If its going down, if anything because people are reacting to the forks will lead to a huge sell off - I`ll take the chance of buying a bunch while its going down.

Its very simple to understand for seeing it in my own eyes for the last 5years.

Youre also stating the VC`s who funding a bunch to support a community is asking to just bail out on their own millions of funding..

dropt

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Quote from: RyNinDaCleM on February 02, 2016, 09:36:29 PM

This whole scalability issue should have been addressed years ago. Long before the growth phase began. That would have been the only way to cleanly fork and forget about the issue. Now we face civil wars on the subject and one side left butt hurt in the end.

+1 And it should be said that people have been trying for years. At present, a good compromise would be Core saying that they'll validate SW and then HF to include it, along with a block size increase (in some capacity) in proper fashion. Leave LN off the table until they actually have a proper way forward.

RyNinDaCleM

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Quote from: gijoes on February 02, 2016, 08:55:13 PM

Quote from: johnyj on February 02, 2016, 07:23:58 PM

The amount of misinformation is really astounding regarding how blockchain works. I guess at this stage, no change can be done on bitcoin any more. Let's just freeze the code and prohibit any future change to it so that people get some peace in mind

I don't think it's such a bad idea, actually. At least, this is a preferable alternative to a split breaking the system and the community beyond repair. There is an old sysadmin saying: "If it works, don't touch it!"

The problem is, there isn't much room for growth as it is now. Add to that, that it is fairly trivial to create spam attacks to fill blocks to capacity and slow confirmations to a snails pace. So I wouldn't just call it "working" because it isn't broken yet. If you expect Bitcoin to take flight to the next level, it needs some work.

This whole scalability issue should have been addressed years ago. Long before the growth phase began. That would have been the only way to cleanly fork and forget about the issue. Now we face civil wars on the subject and one side left butt hurt in the end.

dropt

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I doubt many, if any, of these people will actually dump their coins. And, if they do, be prepared to catch the falling knife.

I'm pro core and classic, but for now I'm throwing my chips on classic. I've fired up a Classic node and turned on all of my old mining HW to Slush to vote in favour of the HF.

If the HF destroys Bitcoin, then so be it.

gijoes

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Quote from: johnyj on February 02, 2016, 07:23:58 PM

The amount of misinformation is really astounding regarding how blockchain works. I guess at this stage, no change can be done on bitcoin any more. Let's just freeze the code and prohibit any future change to it so that people get some peace in mind

I don't think it's such a bad idea, actually. At least, this is a preferable alternative to a split breaking the system and the community beyond repair. There is an old sysadmin saying: "If it works, don't touch it!"

johnyj

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It does not make any sense, any fork is non-core, if you want to keep core forever then you should not do any fork, thus any change is forbidden

Or you could say, any fork is a core hard fork since it is forked from core, but once you move to the new fork, core is dead

And there have been several non-core hard forks winning in the race, but I did not see major holders selling bitcoin

The amount of misinformation is really astounding regarding how blockchain works. I guess at this stage, no change can be done on bitcoin any more. Let's just freeze the code and prohibit any future change to it so that people get some peace in mind Grin

gentlemand

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Quote from: gijoes on February 02, 2016, 11:05:32 AM

You need to learn more. Part of this "New Bitcoin" is democratic vote on any features and limitations of Bitcoin system. Thought New Bitcoin will have 21M coins hard cap? Think again. Their main developer said so much: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

I seriously doubt this proposed fork has any credibility. The question is would these overlords do the same regarding a fork that was unquestionably carefully put together and overwhelmingly attractive to the majority? Is it purely a case of Core being usurped no matter what supersedes it?

afbitcoins

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Quote from: Denker on February 02, 2016, 04:37:32 PM

Quote from: gijoes on February 02, 2016, 11:05:32 AM

Quote from: Amph on February 02, 2016, 06:11:27 AM

the non-core guy are only implementing somethign really needed not like xt that were adding unecessary crap

You need to learn more. Part of this "New Bitcoin" is democratic vote on any features and limitations of Bitcoin system. Thought New Bitcoin will have 21M coins hard cap? Think again. Their main developer said so much: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

Thanks for posting this link. I was about to post this.
Absolutely crazy. To me this this statement makes him not being more than just a joke.
The 21M coin cap is and should continue to be inviolate, or it isn't bitcoin anymore. Having it out there for a vote makes the entire Classic project looking totally foolish.

I dont know why but reading that link reminded me of lord of the rings where all the fellowship of the ring are arguing until Frodo says he'll bear the ring

erm... anyway..

i'm not a major holder but i'm worried about implication of non-core winning

Denker

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Quote from: gijoes on February 02, 2016, 11:05:32 AM

Quote from: Amph on February 02, 2016, 06:11:27 AM

the non-core guy are only implementing somethign really needed not like xt that were adding unecessary crap

You need to learn more. Part of this "New Bitcoin" is democratic vote on any features and limitations of Bitcoin system. Thought New Bitcoin will have 21M coins hard cap? Think again. Their main developer said so much: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

Thanks for posting this link. I was about to post this.
Absolutely crazy. To me this this statement makes him not being more than just a joke.
The 21M coin cap is and should continue to be inviolate, or it isn't bitcoin anymore. Having it out there for a vote makes the entire Classic project looking totally foolish.

Wexlike

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Quote from: gentlemand on February 01, 2016, 11:25:02 PM

You can only sell once.

Just repeating the main point. Let them sell.

MatTheCat

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Tell u what:

https://blockchain.info/address/12JKDhDJfux3VjpRbDYQj81JAZNEyn2nfq

5 BTC transaction made over 1 hour ago. Still ZERO confirmations (and I need to wait on 6).

...lets face it, we have all been through this sort of shit, many many times with Bitcoin......and unless something is done to change this, you would have to think that Bitcoin's days are indeed numbered.

With a USD value that fluctuates so wildy, this sort of delay in a digital transaction is un-fucking-tenable.

Would Bitcoin XT change this? If yes, then it needs to go ahead. If not, then move over Bitcoin, hello (............) Ethereum?

BellaBitBit

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Quote from: 7788bitcoin on February 02, 2016, 02:13:31 AM

This might really be the case. However, once bitcoin survived this crisis, I am very sure the momentum will be unstoppable. Let the time tells.

Bitcoin does seem to survive many things and I am sure it can handle soft or hard fork. This kind of talk only promotes FUD and that is not what is needed. Focussing on a solution would be best at this time.

indiemax

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Those top addresses voting could be the same person for all we know

just sayin Grin

gijoes

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Quote from: Amph on February 02, 2016, 06:11:27 AM

the non-core guy are only implementing somethign really needed not like xt that were adding unecessary crap

You need to learn more. Part of this "New Bitcoin" is democratic vote on any features and limitations of Bitcoin system. Thought New Bitcoin will have 21M coins hard cap? Think again. Their main developer said so much: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

Topic: Bitcoinocracy: If non-Core hard fork wins, major holders will sell BTC - page 2. (Read 3065 times)