The hardfork will make Gavincoin plummet to zero - page 5.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: manselr on February 07, 2015, 11:33:42 AM

Fuck sakes, if Satoshi was so smart why the hell didn't he add 20 MB by default? he would have saved us from this mess. Geeeeez.

Satoshi had no limit on block sizes at all. From block 1 it was legal to have a 2MB, 20MB, even 33MB block. There was a 33.5MB limit on message length and since blocks are transmitted as a single message it would have limited blocks to only 33.5MB but even this wasn't a hard limit as new message type could have been added which transmitted blocks in other ways (i.e. header & txn hashes vs full transactions).

The 1MB "limit" was added as a temporary anti-spam measure 18 months later. There was no voting, no significant discussion, and the commit wasn't made by Satoshi. It actually was combined with a bunch of other unrelated changes and not even well documented at the time. There is nothing which indicates this was a core design decision that Bitcoin would perpetually be limited to 1MB.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

i won't be using Gavincoin - and you can not force me to it

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: coinableS on February 07, 2015, 11:37:29 AM

Quote from: erre on February 07, 2015, 11:34:39 AM

When will it be?

I second this question, when is this happening?

There is no set time at the moment but don't worry, you'll hear about it when the fork occurs.
The bitcoin update will be announced and those that update will and those that don't want to won't. Everything will still work normally until a block exceeds 1MB (which will be unpredictable.)
If say you had 100 coins before the fork, afterwards you will have 100 coins of 1MB fork and 100 coins of the 20MB. They are NOT interchangeable.
The big question would be then is what chain would you ACCEPT coins from? Obviously anyone with more than 1 braincell would only accept coins as the true bitcoin from the chain the majority have chosen.
If it goes 50/50 however, things could get ugly.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: coinableS on February 07, 2015, 11:37:29 AM

Quote from: erre on February 07, 2015, 11:34:39 AM

When will it be?

I second this question, when is this happening?

When it happens, Gavin will tell you. All further relevant information shall be dispersed through official developer-approved channels.
Return to your homes and keep to your daily routine.
Foreign agents and provocateurs will be shot on sight.

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: Muuurrrrica! on February 07, 2015, 11:37:08 AM

As a matter of fact after the fork there will be two chains, two coins who both will go by the name 'Bitcoin'. The original chain (1MB) will carry that name rightfully, the Gavincoin chain (20MB) won't but the supporters of that chain will still try to use the name.

To be fair whatever chain has the majority will take the crown of "bitcoin". I just hope the minority chain has the losing sportsmanship to rename themselves to something other than bitcoin and not sulk.

Muuurrrrica!

member

Activity: 84

Merit: 11

Quote from: coinableS on February 07, 2015, 11:37:29 AM

Quote from: erre on February 07, 2015, 11:34:39 AM

When will it be?

I second this question, when is this happening?

There isn't a date right now. We all still hope some rationality will take hold and it is dropped for good.

If there was a date given for the fork you could expect this place to be on fire aswell as the markets. It'll be mayhem.

In all this discussion we haven't heard a word from the chinese community so far. It'll be interesting what they think as they control a large part of the ecosystem. I don't think they will just accept it.

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: erre on February 07, 2015, 11:34:39 AM

When will it be?

I second this question, when is this happening?

Muuurrrrica!

member

Activity: 84

Merit: 11

As a matter of fact after the fork there will be two chains, two coins who both will go by the name 'Bitcoin'. The original chain (1MB) will carry that name rightfully, the Gavincoin chain (20MB) won't but the supporters of that chain will still try to use the name.

A sideeffect of this is: there will be twice as many Bitcoin suddenly. I'd expect those two chains to both become relatively cheap coins as marketcap would be distributed between them.

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: Muuurrrrica! on February 07, 2015, 11:22:51 AM

Quote from: ?? on ??

Quote from: podyx on February 06, 2015, 09:19:37 PM

Gavincoin? Hardfork?
What are you guys talking about...

Well, the Bitcoin blockchain you know and love so much is going into the ashbin of history and is going to be replaced by a new blockchain called Bitcoin. OP is being a whiny baby about it because he's too lazy to update.

Well, that's not true. The old bitcoin chain everyone loves right now will continue to be mined and function normal and the original Bitcoin will live on. Gavincoin is a stupid fork of it and the supporters of that fork are going to try to tell the noobs it would be 'Bitcoin' but it won't be - everyone who isn't totally blind can see that.

Gavincoin supporters will even deny the existance of the original Bitcoin as is already seen here on the thread.

This is deliberate misinformation.

Bitcoin will just upgrade to a 20MB block cap size instead of the current temporary 1MB one we are using now, as per the original plan.
The so called "MPcoin" cannot be bitcoin because it will have a permanent block cap size and bitcoin has never had a permanent block cap size. It will be just an altcoin, same as all the rest.

erre

legendary

Activity: 1680

Merit: 1205

When will it be?

manselr

legendary

Activity: 868

Merit: 1006

Fuck sakes, if Satoshi was so smart why the hell didn't he add 20 MB by default? he would have saved us from this mess. Geeeeez.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: Muuurrrrica! on February 07, 2015, 11:28:40 AM

Quote from: redsn0w on February 07, 2015, 11:25:21 AM

Quote from: Muuurrrrica! on February 07, 2015, 11:22:51 AM

Quote from: ?? on ??

Quote from: podyx on February 06, 2015, 09:19:37 PM

Gavincoin? Hardfork?
What are you guys talking about...

Well, the Bitcoin blockchain you know and love so much is going into the ashbin of history and is going to be replaced by a new blockchain called Bitcoin. OP is being a whiny baby about it because he's too lazy to update.

Well, that's not true. The old bitcoin chain everyone loves right now will continue to be mined and function normal and the original Bitcoin will live on. Gavincoin is a stupid fork of it and the supporters of that fork are going to try to tell the noobs it would be 'Bitcoin' but it won't be - everyone who isn't totally blind can see that.

Gavincoin supporters will even deny the existance of the original Bitcoin as is already seen here on the thread.

The fork consists only to "rise" the blocksize from 1 MB to 20 MB, it is not a drama.

Well, for some it appears idiotic at this point in time. We don't need to discuss it actually. Everyone just supports the chain he/she likes.

The only thing that's certain is: Gavincoin won't be able to call itself 'Bitcoin'

I think also with the fork it will be called "bitcoin" , why gavinCoin? If you will not want follow the fork, good ... rest in the actual chain.

Muuurrrrica!

member

Activity: 84

Merit: 11

Quote from: redsn0w on February 07, 2015, 11:25:21 AM

Quote from: Muuurrrrica! on February 07, 2015, 11:22:51 AM

Quote from: ?? on ??

Quote from: podyx on February 06, 2015, 09:19:37 PM

Gavincoin? Hardfork?
What are you guys talking about...

Well, the Bitcoin blockchain you know and love so much is going into the ashbin of history and is going to be replaced by a new blockchain called Bitcoin. OP is being a whiny baby about it because he's too lazy to update.

Well, that's not true. The old bitcoin chain everyone loves right now will continue to be mined and function normal and the original Bitcoin will live on. Gavincoin is a stupid fork of it and the supporters of that fork are going to try to tell the noobs it would be 'Bitcoin' but it won't be - everyone who isn't totally blind can see that.

Gavincoin supporters will even deny the existance of the original Bitcoin as is already seen here on the thread.

The fork consists only to "rise" the blocksize from 1 MB to 20 MB, it is not a drama.

Well, for some it appears idiotic at this point in time. We don't need to discuss it actually. Everyone just supports the chain he/she likes.

The only thing that's certain is: Gavincoin won't be able to call itself 'Bitcoin'

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: Muuurrrrica! on February 07, 2015, 11:22:51 AM

Quote from: ?? on ??

Quote from: podyx on February 06, 2015, 09:19:37 PM

Gavincoin? Hardfork?
What are you guys talking about...

Well, the Bitcoin blockchain you know and love so much is going into the ashbin of history and is going to be replaced by a new blockchain called Bitcoin. OP is being a whiny baby about it because he's too lazy to update.

Well, that's not true. The old bitcoin chain everyone loves right now will continue to be mined and function normal and the original Bitcoin will live on. Gavincoin is a stupid fork of it and the supporters of that fork are going to try to tell the noobs it would be 'Bitcoin' but it won't be - everyone who isn't totally blind can see that.

Gavincoin supporters will even deny the existance of the original Bitcoin as is already seen here on the thread.

The fork consists only to "rise" the blocksize from 1 MB to 20 MB, it is not a drama.

Muuurrrrica!

member

Activity: 84

Merit: 11

Quote from: ?? on ??

Quote from: podyx on February 06, 2015, 09:19:37 PM

Gavincoin? Hardfork?
What are you guys talking about...

Well, the Bitcoin blockchain you know and love so much is going into the ashbin of history and is going to be replaced by a new blockchain called Bitcoin. OP is being a whiny baby about it because he's too lazy to update.

Well, that's not true. The old bitcoin chain everyone loves right now will continue to be mined and function normal and the original Bitcoin will live on. Gavincoin is a stupid fork of it and the supporters of that fork are going to try to tell the noobs it would be 'Bitcoin' but it won't be - everyone who isn't totally blind can see that.

Gavincoin supporters will even deny the existance of the original Bitcoin as is already seen here on the thread.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: RoadStress on February 07, 2015, 10:49:51 AM

Quote from: redsn0w on February 07, 2015, 10:13:41 AM

You made my day Cheesy

. However I think we need the hardfork, let see if all the bitcoiners will follow it or not.

Of course! I am PRO raising the limits especially when there are no arguments besides the minor technical limits of a bloatchain which can be solved. I am also a hobbyist miner and I think that trying to impose higher fees with a 1MB block limit is simply retarted. Because Bitcoin may go to 10$ and we will be again in this position where the miners will barely afford to run miners.

I think the same, who is supporting the bitcon network (blockchain) ? Obviously the answer is "The miners*". This hard-fork will "obligate" all the other bitcoiners to pay an adeguate fee for a "fast" confirm of the transaction.

Muuurrrrica!

member

Activity: 84

Merit: 11

Forking without consensus and forking even the community is no evolution but a dead end. The hubris is going to kill it.

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: Muuurrrrica! on February 07, 2015, 11:15:39 AM

Bitcoin has hit a dead end

Looks like it's trying to evolve and move on to me. But then I don't walk around with my eyes shut.

Muuurrrrica!

member

Activity: 84

Merit: 11

Bitcoin has hit a dead end

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

I wonder if OP is geninuely a dumdum or MP is paying for him to be? Cheesy

Topic: The hardfork will make Gavincoin plummet to zero - page 5. (Read 11296 times)