The Barry Silbert segwit2x agreement with >80% miner support. - page 81.

d5000

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Quote from: -ck on May 22, 2017, 05:14:56 PM

They want to activate segwit WITH the hardfork, not separately, nor before the 2MB change.

I agree that the proposal is not "what we expected". But it's pretty close to proposals where Segwit comes first and 2MB, some months after. The item that mostly worries me from the proposal is that it doesn't address quadratic validation time.

Couldn't it be possible to change the proposal very slightly, allowing only 1 MB for legacy transactions (P2PKH/P2PSH), and to make the 2 MB change exclusively for P2WPKH/P2WPSH transactions? It that was possible and accepted by the miners, the most worrying problem would have been solved.

The One

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Quote from: ComputerGenie on May 22, 2017, 06:17:18 PM

Quote from: The One on May 22, 2017, 06:06:29 PM

Quote from: Calangaman on May 22, 2017, 04:28:58 PM

....
I'm personally fed up with seeing scam coins going to the moon....

Why? Missing out on making easy money?? A coin may be a scam to you but not to others. Hence why they are going to the moon.

There are those who thinks Bitcoin is a scam? What do you say to those?

Big boys - core developers?? Why? it is none of their business.

I'd almost be willing to bet $5 that he's one of those that are of the mindset that most, if not all, coins that aren't BTC are "scam coins" and/or "shitcoins", just because they aren't BTC. Cheesy

Whilst there are many shitcoins, not all shitcoins started as a scamcoins. Some developers of shitcoins had the best intention but it just didn't appealed and failed. There are many scamcoins that took the BTC and ran off. A few altcoins do come up with interesting features but whether the real world will accept them is another thing. The value may be too high but that is hardly the developers fault if others are pumping the coins to "da moon", typically typed by kiddies.

ComputerGenie

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Quote from: The One on May 22, 2017, 06:06:29 PM

Quote from: Calangaman on May 22, 2017, 04:28:58 PM

....
I'm personally fed up with seeing scam coins going to the moon....

Why? Missing out on making easy money?? A coin may be a scam to you but not to others. Hence why they are going to the moon.

There are those who thinks Bitcoin is a scam? What do you say to those?

Big boys - core developers?? Why? it is none of their business.

I'd almost be willing to bet $5 that he's one of those that are of the mindset that most, if not all, coins that aren't BTC are "scam coins" and/or "shitcoins", just because they aren't BTC. Cheesy

The One

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Quote from: Calangaman on May 22, 2017, 04:28:58 PM

The current situation is very confusing. We are at a turning point here.
The BTC community is mostly made of articulate people who have been thru all sort of cycles. They think time is working for them as BTC has never been that high. It doesn't.
The market cap of crypto almost quadrupled in 6 months and new investors go either for the quick buck or for better technical features.
It is painful to admit that newbies have the firepower to boost any coin to a point where BTC miners may want to consider mining other stuff.
I'm personally fed up with seeing scam coins going to the moon. This market is going crazy and it's up to the big boys to put the house in order!

Why? Missing out on making easy money?? A coin may be a scam to you but not to others. Hence why they are going to the moon.

There are those who thinks Bitcoin is a scam? What do you say to those?

Big boys - core developers?? Why? it is none of their business.

-ck

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Ruu \o/

Quote from: aarturka on May 22, 2017, 08:45:06 AM

I think it's ok. First they activate SegWit. Then everyone will see that hardfork is redundant. But if some fools try to hard fork after SW they will end up with alt on their hands.

Except that's not what they're proposing. They want to activate segwit WITH the hardfork, not separately, nor before the 2MB change.

Calangaman

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The current situation is very confusing. We are at a turning point here.
The BTC community is mostly made of articulate people who have been thru all sort of cycles. They think time is working for them as BTC has never been that high. It doesn't.
The market cap of crypto almost quadrupled in 6 months and new investors go either for the quick buck or for better technical features.
It is painful to admit that newbies have the firepower to boost any coin to a point where BTC miners may want to consider mining other stuff.
I'm personally fed up with seeing scam coins going to the moon. This market is going crazy and it's up to the big boys to put the house in order!

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: European Central Bank on May 22, 2017, 03:57:54 PM

so where is this actual statement? wasn't it due this morning new york time? have there been any mentions of it through the day? maybe they're thinking again.

Rumors might be greater than the news....

Iranus

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Quote from: European Central Bank on May 22, 2017, 02:35:01 PM

Quote from: 25hashcoin on May 22, 2017, 02:27:08 PM

Quote from: EarlyBirdSpecial on May 22, 2017, 02:10:17 PM

With bitcoin adding segwit, I wonder what's going to happen to a lot of altcoins as a result. This is going to be a very interesting year.

Not going to be pretty for alts. Let's take a look at how many use cases are left for some of the top altcoins after Segwit enhancements for bitcoin.

no one cares about features. all they wanna do is pump and pump again. there'll be a big hit and then they'll start to pump once the whales have loaded up again. the more attention bitcoin gets, the more desperate noobs are born who'll go straight to alts.

To be fair, smart contracts are quite a decent use case. The idea that Ether would overtake Bitcoin and actually become bigger/more relevant is basically a joke the way I look at it, but it certainly has its own use.

European Central Bank

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so where is this actual statement? wasn't it due this morning new york time? have there been any mentions of it through the day? maybe they're thinking again.

Pab

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Dont worry about best alts,thay have strong integrated community and best devs who colaborate each other instead of create tensions and wars.That kind of news will appear to dump btc,any hard fork will cause escape from btc to best alts

ComputerGenie

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Quote from: ebliever on May 22, 2017, 03:04:14 PM

...The point being, the Bitcoin maximalists are kidding themselves when they imagine everyone returning solely to Bitcoin. It's a multipolar cryptoverse now, and we may never see Bitcoin at 50% of market again. Even if we do I expect it to be temporary.

I can think of 1/2 a dozen coins that paid miners almost 2x what bitcoin would/did (and even 3x or more given the right trading scenarios) in the last week or two.

ebliever

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Quote from: EarlyBirdSpecial on May 22, 2017, 02:10:17 PM

With bitcoin adding segwit, I wonder what's going to happen to a lot of altcoins as a result. This is going to be a very interesting year.

It would be high time for BTC to become competitive with the alts. It's up 100% in a timeframe in which alts generally are up 1000%. I sense a lot of bitterness in the bitcoin maximalists who missed out.

If bitcoin can navigate the minefield now before it (and I feel less confident than I did last night when I was finally starting to get optimistic), it could have SW+LN in August, along with Rootstock smart contracts. But it is lagging badly behind Ethereum in terms of the partnerships and businesses already working based on the Ethereum platform, and frankly I don't think Bitcoin will regain the lead there.

Even with plenty of TX capacity Bitcoin still has 10 minute confirmation times, making it a real drag transferring coins. Lately I've taken to selling into Dogecoin to move small amounts, as much for the speed improvement as for the TX fee. And Zcash got a huge boost today with the JPMorgan news. It, Dash, Bytecoin and Monero all have a lead in native privacy features that Bitcoin lacks.

The point being, the Bitcoin maximalists are kidding themselves when they imagine everyone returning solely to Bitcoin. It's a multipolar cryptoverse now, and we may never see Bitcoin at 50% of market again. Even if we do I expect it to be temporary.

European Central Bank

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Quote from: 25hashcoin on May 22, 2017, 02:27:08 PM

Quote from: EarlyBirdSpecial on May 22, 2017, 02:10:17 PM

With bitcoin adding segwit, I wonder what's going to happen to a lot of altcoins as a result. This is going to be a very interesting year.

Not going to be pretty for alts. Let's take a look at how many use cases are left for some of the top altcoins after Segwit enhancements for bitcoin.

no one cares about features. all they wanna do is pump and pump again. there'll be a big hit and then they'll start to pump once the whales have loaded up again. the more attention bitcoin gets, the more desperate noobs are born who'll go straight to alts.

25hashcoin

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Quote from: EarlyBirdSpecial on May 22, 2017, 02:10:17 PM

With bitcoin adding segwit, I wonder what's going to happen to a lot of altcoins as a result. This is going to be a very interesting year.

Not going to be pretty for alts. Let's take a look at how many use cases are left for some of the top altcoins after Segwit enhancements for bitcoin.

Increased blocksize/Lightning network = death of litecoin, dogecoin

Smart contracts/ethereum platform on bitcoin blockchain with counterparty and rootstock = death of ethereum and ethereum classic

Tumblebit/mimblewimble/CT/sidechains = death of monero, dash, zcash

Long live the Bitcoin.

Zerebokep

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Let them hard fork, but as long the original bitcoin will still be named Bitcoin and not something like Bitcoin Classic they'll fail. So the best idea would be to start spreading a new name for the hardforked bitcoin right now, what about BitMafia or BitCorrupt?

European Central Bank

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http://www.coindesk.com/consensus-2017-bitpay-ceo-bitcoin-fork/

the bitpay ceo doesn't seem to have a problem with multiple chains. i think a few people do.

EarlyBirdSpecial

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With bitcoin adding segwit, I wonder what's going to happen to a lot of altcoins as a result. This is going to be a very interesting year.

infer

sr. member

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look like there are very people come here to see a revolution. Go Bitcoin. We all expect that Bitcoin will be changed the protocol and become better in the next few months. 2mb is better than 1mb. we are very tired with the extralarge fee
By the way, I thought that we require more than 95% to activate the segwit. How can we able to activate with more than 80%?

The One

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Quote from: mindrust on May 22, 2017, 12:17:25 PM

Quote from: The One on May 22, 2017, 12:13:16 PM

Quote from: mindrust on May 22, 2017, 07:28:41 AM

Quote from: ComputerGenie on May 22, 2017, 07:11:18 AM

Quote from: mindrust on May 22, 2017, 06:58:52 AM

The core Devs were too late to act...
ASIC Mining = Centralized business
...

There seems to be a confused irony in your statements. It seems that you think that a decentralized Bitcoin should remain centralized around the devs of a specific wallet. Or am I reading that all wrong?

What is it you don't understand? Devs set the rules. If the rules are broken, the whole system becomes broken. This system is broken for what it is and devs should fix it.

Everything has a starting point. Satoshi created bitcoin and he was in the center of the bitcoin's blockchain system for a while. Means bitcoin was centralized around Satoshi but he didn't like it so he tried to make it decentralized with the support of the people, us. Cool

ASIC companies hacked the code, he failed.

Now the core devs can accomplish what satoshi couldn't. They can set new rules and save bitcoin from being centralized.

NO. That is centralisation.

Dev can only propose.... like everyone else.

It is not. They can (and should be able to) set the rules to prevent centralization. You just can't accept it if the community (or the miners) want to have a centralized currency. This needs to be interrupted by a greater force.

Satoshi didn't propose anything when he is creating bitcoin. He didn't ask our opinion. He set the fucking rules and he went missing. Before he is gone, he transferred his ability to set rules to the core devs.

edit: yes igot a typo.have fun with it. Cool

Yes, the users are the last line of defence against centralisation by virtue of selling their coins. Those who don't probably don't care about decentralisation/centralisation and only want to make a quick buck or two.

ComputerGenie

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Quote from: megashira1 on May 22, 2017, 01:29:25 PM

Quote from: Calangaman on May 22, 2017, 10:31:11 AM

Just watched the live broadcast of Consensus 2017 scaling debate.
What do you make out of it ?

Seems that almost everyone is OK to go to 2MB and segwit...

Provide link please.

https://www.youtube.com/watch?v=BiCSgzZI_Og

Topic: The Barry Silbert segwit2x agreement with >80% miner support. - page 81. (Read 120014 times)