Developer of bitcoins core have planing hard fork, do you agree? - page 2.

kiklo

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Quote from: piloder on December 05, 2016, 06:38:59 AM

Better for them is to focus on segwit right now, may be some of the core devs have agreed on having next harfork proposal but i don't think it will be accepted by community, all users need to upgrade to get hardfork activated which is very hard to achieve right now and in future too.

Segwit is dead in the Water, and the BTC Core Knows it.
Mining Pools are blocking it and will not change their minds.

Cool

piloder

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Better for them is to focus on segwit right now, may be some of the core devs have agreed on having next harfork proposal but i don't think it will be accepted by community, all users need to upgrade to get hardfork activated which is very hard to achieve right now and in future too.

shinratensei_

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Yey, 2 MB is coming.

May antpool will use SegWit?

aso118

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They are not planning a hard fork. There is a proposal to increase the blocksize to 2 MB.
The current focus is on Segwit. Only if this doesn't result in a significant improvement in the congestion situation, will an alternate proposal be considered.

kiklo

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By the Way , Guess who called it First. Cheesy

Quote from: kiklo on November 28, 2016, 08:17:02 PM

To Increase BTC Transaction Capacity all they had to do was the following.
Increase BlockSize or Decrease Blockspeed , either or both would work

Quote from: kiklo on November 24, 2016, 05:44:21 AM

BTC Transactions Congestion Problems Embarrassed

Simulation Example
each block has 1 MB of transactions with a theoretical Limit of 4200 transactions per block with a 10 minute BlockSpeed , [] is a block
One Hour of Blocks
[1] 10 minutes [1] 10 minutes [1] 10 minutes [1] 10 minutes [1] 10 minutes [1] 10 minutes
6 Blocks * 4200 Transactions = 25200 Maximum Theoretical Transactions per Hour

BTC Transactions Congestion Solutions Grin

Simulation Example Updated with Larger BlockSize and Shorter BlockSpeed
each block has 2 MB of transactions with a theoretical Limit of 8400 transactions per block with a 2½ minute BlockSpeed , [] is a block
One Hour of Blocks
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes

24 Blocks * 8400 Transactions = 201600 Maximum Theoretical Transactions per Hour

Compare Updated Simulation with Original
201600 / 25200 = 8
Updated Version can handle 8X the Transaction Capacity. Wink

Now the educated asshats that live in these forums will tell you it can't work or it is a security risk, (They are Lying!)
Real World Examples.
PoW coin LTC has a 2½ minute block time with no problems whatsoever from it.
In Fact Chinese Mining Pools are over 51% of the BTC Hash rate , and are also over 51% of the LTC Hashrate.
In Fact some alts run at a 30 second blockspeed.
Oh, they also will complain, it will affect the Block Reward and Halving Dates,
(All of that are Variables that can be modified to compensate for the changes)

If they lower the Blockspeed,
then they will have to increase the Final Supply Number of Bitcoins or allow it to get to the Final Supply Number 4X faster than it would have.

If they only increase the BlockSize ,
then the Block rewards and halving dates are not affected, and will not need modification.
But Transactions grow will be directly proportional to the increase in BlockSize.
IE: 2 MB Block only Double the Transaction Capacity
8 MB Blocks would increase by 8X also

FYI:
Also Included in my list of Predictions ,
is a Major BTC Dump in Late Jan. 2017 . Wink

kiklo

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Quote from: LoyceV on December 05, 2016, 05:31:10 AM

Quote from: Dahhi on December 05, 2016, 04:28:59 AM

I won't really call it a hard fork, it is more of a soft fork to help miners do their job faster. And it won't have a negative impact on the price of bitcoin.

^^ Agreed.
It could also be very good for Bitcoin: at the moment it can't grow further, as it can't handle more users doing more transactions.
More users means a higher value, which benefits miners again.

Are you guys just stupid or what,

HARD FORK!!!

Cool

LoyceV

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Quote from: Dahhi on December 05, 2016, 04:28:59 AM

I won't really call it a hard fork, it is more of a soft fork to help miners do their job faster. And it won't have a negative impact on the price of bitcoin.

^^ Agreed.
It could also be very good for Bitcoin: at the moment it can't grow further, as it can't handle more users doing more transactions.
More users means a higher value, which benefits miners again.

kiklo

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Quote from: Dahhi on December 05, 2016, 04:28:59 AM

I won't really call it a hard fork, it is more of a soft fork to help miners do their job faster. And it won't have a negative impact on the price of bitcoin.

Dude,

The new Recommendations is a HARD FORK!!

A hardfork is a change to the bitcoin protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade.
Any alteration to bitcoin which changes the block structure (including block hash), difficulty rules, or increases the set of valid transactions is a hardfork.

Why do you guys spread so much Bullshit, the article States HARD FORK.

Cool

Dahhi

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I won't really call it a hard fork, it is more of a soft fork to help miners do their job faster. And it won't have a negative impact on the price of bitcoin.

Labumi

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Quote from: ethereumhunter on December 05, 2016, 01:43:52 AM

if they want to do this, then in my opinion, the price of bitcoins will be fall to deep, because there is too many supply from demand and its not good for bitcoin itself and maybe this will change many people prediction that bitcoin will reach high price in future and could be the other solution for the economic global.

All possibilities will indeed happen, but it will all happen if what will happen in the future. So if the price indeed bitcoin down because it is sure there will be a price drop over the reason the bitcoin. Such as a lack of interest in bitcoin and also because too many stock while very little demand and vice versa. All that we think can indeed occur, but which can only specify it all is the period or time. Just wait and do my best for this now and see the future for the better

shield132

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Are they really going for hard fork or this information is wrong? Because as I remember, theymos said that they aren't going for any hardfork in future, at least he had big hopes on that to won't happen. And if there will be hard fork, than I think they maybe will increase it's limited number and if that will happen, this will cause it's fall and people's trust will become from high to lower.

ethereumhunter

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if they want to do this, then in my opinion, the price of bitcoins will be fall to deep, because there is too many supply from demand and its not good for bitcoin itself and maybe this will change many people prediction that bitcoin will reach high price in future and could be the other solution for the economic global.

pinkflower

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Its about time! Its good that they are open to the increase in block size. It means that they are really looking for a real solution to scale BTC. I am happy with the news and I hope this will close the scaling debate and on for the community to debate on other issues that will bring BTC to new heights.

densuj

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Because of block size problem developer of bitcoins have planing for do hard fork, it is like there are no solution about this problem, is hard fork becoming best solution? or it will become like ethereum.
http://www.newsbtc.com/2016/12/04/bitcoin-core-developers-work-new-2-mb-hardfork-proposal/

Topic: Developer of bitcoins core have planing hard fork, do you agree? - page 2. (Read 1862 times)