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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19595. (Read 26608391 times)

sr. member
Activity: 401
Merit: 280
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.

It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.


Bitcoin classic is BIP 102

Summary of differences between core+segwit and classic now -

Classic - BIP102
Effective 2MB block capacity + possibly removing RBF + possibly versionbits
5 developers maintaining

Core
Effective 1.75-2MB Block capacity
Version bits , future fraud proofs, signature pruning, simpler script updates, fixing malleability allowing future payment channels.
45 developers maintaining

Both are good.... but Classic isn't that exciting now that they decided to remove 2-4 + segwit as an option.

I must admit that you sound like a pretty reasonable person, so I'll go easy...

50% of the hashrate basically just said NACK to Core's Roadmap™.

Either the Blockstream devs and their wizards quickly alter course and are able to maintain and grow the shreds of support they still possess... or we are very likely to have a "contentious™" and quickly decided fork this spring. Out of those 45... how many do you think will #ragequit and never work on Bitcoin again because they couldn't keep 1MB and pave the way for LN and Blockstream™ products?

Also, nothing stops the two group to team up after Classic forks to work together and implement the Core upgrades later into the now Classic chain. Especially after they realize they (core dev team) can be routed that easily, not like it is good -or bad-, just a fact. Consensus by the majority of the network, is not that how bitcoin developing supposedly?
So, why is that not an option? Because rage??
sr. member
Activity: 392
Merit: 250
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.

It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.


Bitcoin classic is BIP 102

Summary of differences between core+segwit and classic now -

Classic - BIP102
Effective 2MB block capacity + possibly removing RBF + possibly versionbits
5 developers maintaining

Core
Effective 1.75-2MB Block capacity
Version bits , future fraud proofs, signature pruning, simpler script updates, fixing malleability allowing future payment channels.
45 developers maintaining

Both are good.... but Classic isn't that exciting now that they decided to remove 2-4 + segwit as an option.

I must admit that you sound like a pretty reasonable person, so I'll go easy...

50% of the hashrate basically just said NACK to Core's Roadmap™.

Either the Blockstream devs and their wizards quickly alter course and are able to maintain and grow the shreds of support they still possess... or we are very likely to have a "contentious™" and quickly decided fork this spring. Out of those 45... how many do you think will #ragequit and never work on Bitcoin again because they couldn't keep 1MB and pave the way for LN and Blockstream™ products?
legendary
Activity: 994
Merit: 1035
Core
Effective 1.75-2MB Block capacity
[...]


Agreed. Classic is between 0-0.25 MB more capacity without all the other benefits so I fail to see a large enough differentiation between them. The choice becomes almost a no brainer.
member
Activity: 84
Merit: 10
legendary
Activity: 2198
Merit: 1000
At least the freefall in price has stopped and leveled back a bit. Everything's going to be fine.  Roll Eyes
legendary
Activity: 994
Merit: 1035
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.

It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.


Bitcoin classic is BIP 102

Summary of differences between core+segwit and classic now -

Classic - BIP102
Effective 2MB block capacity + possibly removing RBF + possibly versionbits
5 developers maintaining

Core
Effective 1.75-2MB Block capacity
Version bits , future fraud proofs, signature pruning, simpler script updates, fixing malleability allowing future payment channels.
45 developers maintaining

Both are good.... but Classic isn't that exciting now that they decided to remove 2-4 + segwit as an option.
legendary
Activity: 2198
Merit: 1000
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.

It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.






Sounds good to me, glad we have closure on the name now lol
legendary
Activity: 2380
Merit: 1823
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hero member
Activity: 784
Merit: 512
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.

It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.







Unhunh.
Sure would be nice if Satoshi could chime in right about now. Satoshi! Where are you? What is your favorite bitcoin flavor? Help us out a bit, please.
  Undecided
sr. member
Activity: 392
Merit: 250
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.

It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.





legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

Jeebus, lambie is having a field day.
hero member
Activity: 784
Merit: 512
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.
Sounds like a coffee or something  Grin

If you wanna stay in Bitcoin, that's what it's gonna be called for a while. Will probably drop the "Classic" bit naturally, like with Coke.
After rabies finishes off all the smallblock Luddites.

Probably Core should rename themselves Classic. That makes more sense. And maybe the current Classic could rename themselves to Core! Confuse everyone even more! That should really make the price plummet! Grin
full member
Activity: 175
Merit: 100
Hurry up - there isn't much time left to make your Hearn, and cut your loose.
hero member
Activity: 784
Merit: 512
I'm having a nice "classic" coffee right now, as we speak! Go figure
legendary
Activity: 2198
Merit: 1000
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.
Sounds like a coffee or something  Grin
hero member
Activity: 784
Merit: 512
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.
member
Activity: 60
Merit: 10
who is make hearn ?
why he made bitcoin price drop  Huh

bitcoin CEO.
legendary
Activity: 1792
Merit: 1047
... I asked you how you plan to do that with less than 25% of the hashrate of Classic.
Obviously you're slow. I'll repeat it once again for you.

We'll stick to main bitcoin branch. Period.

You're free to fork it under whatever name you wish - XT, ClassicBitcoin, UnlimitedBitcoin whatever. Percentage of current hash rate you'll take after forking is irrelevant. Bitcoin doesn't care. Bitcoin existed and flourished with far less hash rate few years ago.

May the games begin Smiley who loves cheep coins! Cheesy
legendary
Activity: 3431
Merit: 1233
... I asked you how you plan to do that with less than 25% of the hashrate of Classic.
Obviously you're slow. I'll repeat it once again for you.

We'll stick to main bitcoin branch. Period.

You're free to fork it under whatever name you wish - XT, ClassicBitcoin, UnlimitedBitcoin whatever. Percentage of current hash rate you'll take after forking is irrelevant. Bitcoin doesn't care. Bitcoin existed and flourished with far less hash rate few years ago.
member
Activity: 60
Merit: 10
hey, bulltards!

this sure does not look good. my 350 target was hit too easy without much fighting. now, I have two possible targets> 66 or 240 $.

blockchain splitting in half will be your halving.

good luck!
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