Topic: COIN WARS: And the battle begins... (Read 3517 times)

- Bitcoin Normal
- Bitcoin Core
- Bitcoin Classic
- Bitcoin Unlimited
- ETH (in my opinion is one of these BTC fork offs just more shrewd)

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of the alternatives (ALTs) which are best suited to handle heavy transaction loads?

BTS claims some super capabilities
Digi has always pitched wanting to handle VISA card levels
LTC-Doge combo might have the network hash power

others?

nice breakdown.  This helps in understanding more of what is going on.  I am trying to keep up.

We are hard forking bitcoin to a 2 MB blocksize limit. Please join us.

Please, Please, Please.

signed,

Developers

    Jonathan Toomim
    Gavin Andresen
    Ahmed Bodiwala
    Jeff Garzik
    Peter Rizun

Miners

    Bitmain/Antpool
    BitFury
    BW.COM
    HAOBTC.com
    KnCMiner
    Genesis Mining
    Avalon Miner

Companies

    Coinbase
    OKCoin
    Bitstamp
    Blockchain.info (Peter Smith)
    Xapo
    Bitcoin.com
    Foldapp
    Bread Wallet
    Snapcard.io
    Cubits
    Vaultoro
    Coinify
    Bitso
    Bitnet
    BitOasis
    Lamassu
    BlockCypher
    BitQuick.co
    itBit
    BitAccess
    Coinfinity
    Chronos Crypto

Users

    Olivier Janssens
    Roger Ver
    Peter Ng

 

My head is spinning after read through all these posts. We are going to hear so many opinions until something happens. I am uber new to bitcoin in general.
A lot of this stuff to me being posted seems to spread more fear into the crypto community than any type of clarity.
Just my two cents

I'll bet you will end up moving to an altcoin that is overwhelming more popularly used than Bitcoin.  

It is long odds though.

i like Ethereum but even i don't think that ETH is the solution and a replacement for bitcoin. actually i am getting tired of people making ETH bigger than it actually is.

anyways, when all said and done, i will never move from bitcoin to an altcoin i will keep majority at bitcoin forever...

im watching intently ...

may get involved ...

#crysx

Is Bitcoin being corrupted right now?

In some ways, yes. The Bitcoin Foundation is trying to establish itself as a central point of Bitcoin through which it can fund and steer development, while at the same time working together with the state and Wall Street. What's going to happen, is that governments will use the Foundation to pressure Bitcoin development in certain directions.Chief scientist and former lead-developer Gavin Andresen is paid by the Bitcoin Foundation, while his friends are the big Bitcoin-corporations. So, naturally, he's more favourable towards their outlook of Bitcoin. And if you look at his actions and decisions...He talks about Bitcoin as a payments-innovation, he developed the payments protocol, and now he's pushing to increase the blocksize limit which would raise the maximum number of transactions on the network at the cost of even further centralization of mining. That is in effect in direct opposition to the idea of Bitcoin as a decentralized, private and uncensored system.

https://bitcoinmagazine.com/articles/bitcoin-technology-worth-nothing-interview-dark-wallet-front-man-amir-taaki-1412722833

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Does anyone know what the hell is happening?

a) normal_BTC  ... you know no fork!

b) "classic^TM"_BTC : classic as in hard forking 'just 2MB' but now with a name that sounds like you're not forking a $7 billion dolliar's decentralized chain

c) CORE ... something about side chains, lightening GMAX stuff ... tradehouse cartel product ... diamond market is controlled by very similar structuring ... https://i.imgur.com/FCqIBSM.gif

d) TX ... ... to lazy to research into that dead turkey ... something giga blocks and normal blocks
https://bitcointalk.org/index.php?topic=1115016.160
https://www.reddit.com/r/Bitcoin/comments/3ilbit/mike_hearn_responds_to_xt_critics/cuiwqv6 nullc

e) ETH ... looks like long term capital saw the 'fork' in the road and dev'd a product that is forkable anytime 51% of the capital decides to add or remove features ... the life boat is already inflated

f) UnLimited ... as in unlimited hardforking?

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But because some transactions that would have been invalid under the old rules would become suddenly valid after, a hard fork requires almost unanimous consensus from every single Bitcoin holder. If consensus is not clearly achieved, miners who lag in adopting to the hard fork may reject certain transactions that would have violated the old rules, while miners who have upgraded proceed to add them to their blocks. The result: two or more chains that coexist within the Bitcoin network, creating confusion among users and wreaking havoc on the price and viability of the network’s future. Gathering the consensus required for a hard fork would be a near Herculean feat—and even then, the highly risky unintended consequences introduced by the change could be far more damaging than the ultimately manageable problem it would aim to address.

http://reason.com/archives/2016/02/02/bitcoin-is-not-dead-but




and here is that "Rush Out"
https://bitcoinclassic.com/

http://www.forbes.com/sites/jasonbloomberg/2016/02/07/double-your-money-looming-hard-fork-uncovers-fatal-bitcoin-flaw/#171f7a233cef
http://www.riddellwilliams.com/blog/articles/post/hard-fork-conspiracy-treacherous

The Doge is second cryptocoin after Bitcoin, because of many Doge users. Many sites are using Doge, so it is the fact. 

To be honest I don't expect any Fork for the Bitcoin. There is to much money that could be harmed. At the very end there will be a consensus. But probably the Blocksize remains Low und will still give some Stress to the system.

Now please do understand I showed mathematically that the Chinese mining cartel 51% attacked what is essentially what will be Bitcoin Classic.

Bitcoin is dead. Long live Bitcoin!

Your welcome, although it wasn't intended as such.  If it was my real investment advice I'd add a 50% weight to gold/silver/farmland/survival items.  Then readiness to move out of crypto alltogether in 2018/19. Brr.... shit will be way too scary by then.

Ooops.  Sorry.  My bad.  I apologize for potentially supporting future implementations of Segwit (after it has been properly vetted and introduced by the incoming developer team - i.e. Classic Development Team) and making it appear that I support its implementation under the current seriously conflicted Core/Blockstream Dev Team, which I do not.

Thanks for the trading advice.  Good luck with your investments.

Hey, you can move your coins into Ripple if you want.  That or Emercoin would be my next favorites.  But they won't be Fedcoin.  They will be big coins for a while though.   Hell, if you are smart - and lucky - you could probably make more money doing in and out trades of other alt coins.   But I don't trade cause it is too risky.  I HODL.  It is and has always been my strategy.  Look out on the playing field.  Pick your winners - Buy and HODL.

Its just common sense that once Fedcoin is identified, that any reasonable person would be intelligent to diversify into a dual Bitcoin/Fedcoin hodling stance.  And I'm just saying.... Ether is Fedcoin.  Arguing about that won't change the facts.

And if you read everything I have ever posted - I have warned and warned that certain actions will lead to Fedcoin.  I am anti-Fedcoin.  Not my fault Bitcoin Core/Blockstream supporters have sabotaged the Bitcoi Ecosystem.  If this had been handled with a simple 2 mb increase back in August - Bitcoin would be over $1000 now and infrastructure and investment soaring.

But it is what it is.  They opened the door wide and paved the path for Ethereum to get a strong toehold.

Apparently you don't understand that you are talking to someone who is much more astute than you and more so than most of the guys on this forum.


You have a reading comprehension handicap. Try again:

[/quote]
And they call me crazy  

And there is nothing wrong with Segregated Witness - except that idiots at Blockstream/Core are using it as a "Solution" to scaling in order to avoid actual scaling.  It most likely may be implemented at some point.   That's fine.  The primary issue at hand is hardforking to 2mb.  Coming very soon.

Now.... if Core releases Segwit in the middle of the fork, and some people are stupid enough to upgrade to it in the middle of a fork - THEN there could be problems.  Like I have said.... the clear indications are that Core/Blockstream supporters may very well do everything in their power to sabotage what should be a simple technical upgrade.

PS... and you are wrong about Ehereum.  Homestead AND Metropolis platforms are due to roll out this year.  Metropolis will feature very broad enduser rollout, and it will be rolled out by existing finaincial institutions.   So unlike all us fringe lunatics in bitcoin - this will be geared towards the masses.

We are going to see a lot of desperate eth bagholder threads now that the price is falling.

Ethereum won't get any where near the adoption and network effects of Bitcoin any time soon. Will take years, e.g. no localbitcoins.com for Ethereum.

Meanwhile yours truly will usurp all of this shit and deliver a coin with > 1 million users before the end of 2016 (or at least the coin will be launched in 2016 and million(s) users will be attained soon thereafter). But I won't be telling you about it here on Bitcointalk.org. You'll have to find it or hear about it (which of course you eventually will if I succeed in my plans, but you will need to digg if you want to get in earlier).


See below for why I think perhaps Blockstream's Segregated Witness appears to be Trojan Horse designed to fork Bitcoin to support Sidechains and allow Blockstream to take control: