Topic: Wondering out loud: Which should Chinese miners support - Core, Classic or another? - page 5. (Read 38050 times)

I haven't researched this much, since I assume that the vast majority who didn't publicly announce support for any of the four forks, support the current roadmap, but here is one in addition to myself.  From #localbitcoins-chat:
Localbitcoins is one of the largest exchanges (perhaps the largest) by number of users, and one of the largest by BTC volume.

I don't think you will find anyone who support the status quo, if that is what you mean by 1 MB.  The roadmap scales much better than any suggested blocksize increment.

Really?  Tell me then, why would someone invest the kind of money needed to gain more than 50% of the hashrate, just to destroy the value of it?  This is not as obvious to me as it is yo you.

The consensus defined in software decide.  A majority of the hashrate is irrelevant.  You cannot change hard parameters, like the number of coins or maximum blocksize, without 100% consensus among users.  Invalid blocks are invalid, no matter how many miners build on top of the invalid blocks.

The July 04 fork was not a hard fork.  Chainforks happen every day.  For that reason you should not accept

Again: The July 04 chainfork was not a hard fork.  In a real hard fork, they would loose their entire investment.

Funny how you quote this without understanding it at all.  He talks about the dangers of activating a soft fork based on miner consensus alone, since we don't know how many other nodes upgraded.  Can you imagine how that would work with a hard fork? 

Very typical for Reditt, actually.  It is hard to more misinformation about Bitcoin on once place.  Every post which even mention something that resembles a fact will immediately get voted down and out.  I don't go there.  Try #bitcoin on Freenode if you want to discuss with people who aren't trolls as well.

How would XT and Classic both activate when each require 750/1000 blocks to activate?

The CIA forced Gavin Andresen to visit them and explain how Bitcoin is working. Maybe they manipulated him. This is far off topic but I have a bad feeling. I would like to just stay with Bitcoin core. 

1Bitcoin, 3 shitcoins.

I have a bad feeling with this whole topic. The people push the blocksize increase too much. I don't know why it is so important to increase the blocksize. We have time to do this. If the transaction speed is too slow then just increase the transaction fees. If people move to altcoins because the fees are too high then good. We also need altcoin. The more currencies the better.

Why this much aggression? Why not wait until End of 2016 before a hard forking vote?

Where on Earth did you get that idea!?  The number of nodes running bit-altcoins, like "Bitcoin XT", "Bitcoin Classic", "Bitcoin Unlimited", etc, is decreasing, and less than 10% of the total.  If you see at e.g. the "Bitcoin Classic" website, the list of supporters is very short.  The vast majority still run and support standard Bitcoin. 

Some miners, and I thought most of them pulled their support after talking to Jeff?  I am a miner, and I do not support the destruction of Bitcoin.

You made that up.  By the number of nodes, it is 5509 against 541 in favor of standard Bitcoin.  Remember that supporters of different forks have a strong incentive to run an alternative implementations, since SPV clients will stop working reliably after a hard fork.

Most Bitcoin services support standard Bitcoin.  By any metric.

Again: How did you get this idea?  I have been in #bitcoin on Freenode since 2010, and the support for the current consensus is almost unison.  People are mostly making fun of this sillly forking idea.  It is harder to operate a bunch of shills and sybils on IRC than Bitcointalk and Reddit, of course.  The forkers don't even agree on how to fork.  The current count is 380 nodes running "Bitcoin XT", 103 running "Bitcoin Classic" and 75 running "Bitcoin Classic".  We may end up with four different blockchains.

lol that is quite some bold assessments of the what the people want or not.

imho you need to fork off asap so you get the monkey peanuts you deserve.

Website with form, similar to e.g. https://blockchain.info/pushtx

Along with APIs.

The biggest pools will all have these, though there will also be consolidators (third party companies) that will navigate and get your tx submitted for you according to your specifications and ability to pay.

What, you think people gonna maintain multi GB mempool and bandwidth for free even when bitcoin is ubiquitous?

afaik from those pools, exchanges, payment processors that went public pretty much all supported 2MB. the bitcoin-economy seems to be pretty decided on that matter. i obv wont go and search for every statement, i remember a dicussion at #bitcoin-dev where core devs also agreed that the economy seems to be against them. they blamed it on wrong communications etc.
or in other words, name important players of the bitcoin economy which publicly declared that they wanna keep 1MB. you wont find any.


to take the activity of btct and r/bitcoin as evidence is a non-argument as its obv that the community has a big lag in switching the places were everybody meets. a much better argument is indeed to look what actually happens on those sites! reddit is a perfect example, whenever a 2MB proposal made it through censorship a few hours it was massively upvoted. especially before r/btc came into play and took away some of its users. so as long as everybody was forced to use r/bitcoin 2MB had HUGE support. at least as long as you take upvotes into account.

here at btct is seems similar, imo 2MB is favorised big time. lets try a survey on that matter. i am willing to bet 1BTC that 2MB will be in big favor...


PP play an important part in the economy, to just wipe them away as unimportant seems a bad idea.


split? afaik not one exchange seems to favor 1MB. we had several announcements an they all declared to welcome 2MB.


to look just for "large investors" seems incomplete thinking to me. why not go one step further and ask "what do stakeholders want?" we can only guess about that, but as i see the support in the community be it reddit, btct, blogs etc i see (like i said) the community wants 2MB.
that impression is further strengthened as i read core developers complain that they are not willing to give in to technical inferior solutions just because the majority of the community wants that. that pretty much showed to me that the are aware of to be the minority, but dont wanna let the "mob" rule...

 

they have no choice to support 2MB yet.


yes, they do. but have you been in contact with some of the devs surrounding core lately? many of them have absolutely no problem going with 2MB in case classic will gain majority. they seem much more pragmatic and less ideologized than the die hard group. it seems that basically gmax, luke and one or two others are the reason for this big clash. imo the roadmap is great. go for it! but add 2MB and everybody is happy again.

You obviously do not understand the economy incentives behind people who use bitcoin, only focus on technical details will let you miss the bigger picture. If a hard fork is so easy to destroy bitcoin, it is already dead long ago. It is the major consensus decide what is real bitcoin, nothing else. Please do your home work and make sure you fully understand why a coin's value will be very close to its mining cost (e.g. total hash power)

Notice that a soft fork will also trigger a hard fork (See July 04 fork), but in a totally uncontrollable manner, because in a soft fork you don't know what kind of nodes people are running, and since that hard fork is uncontrollable, you will get much worse result than a prepared hard fork, where everyone knows exactly what will happen

And following your logic, you will get sued because people don't even know which one is bitcoin by then, you are selling fake coins either way. Mining pools already lost lots of money during the hard fork that was caused by July 04 soft fork, they know how that tastes, so they currently strongly against soft fork

https://www.reddit.com/r/btc/comments/43bgrs/peter_todd_sw_is_not_safe_as_a_softfork/

Besides a few payment processors, any evidence to support such claims?
As far as I can tell most users are divided and evidenced by the fact that bitcointalk.org and r/bitcoin have much more activity than other subreddits and forums there is some slight evidence that there are more in favor or Core's proposal.

Looks like most of the payment processors genuinely support Classic and larger blocks but that makes perfect sense being that they principally care about bitcoin being a payment rails system and would benefit if nodes dropped off and where only maintained by them and exchanges.

Exchanges appear split but we haven't heard from all of them.

As far as large investors are concerned , Classic has a few, but most appear to support core's proposal. (Keep in mind that individuals like Core Dev's , theymos, ect... have a ton of coins)

Nodes and mining pools clearly support Core (Of course this may or may not change) -

http://xtnodes.com/


This is so misleading that you should be ashamed to suggest as much... A majority of all bitcoin developers support the Core Scalability proposal.  https://bitcoin.org/en/bitcoin-core/capacity-increases

correct. nevertheless thats not the situation we have at the moment. its not 80% hashpower against the rest of the community.

in fact its more like some part of core stands against pretty much everyone else in the bitcoin universe.

miners are in favor of 2MB.

community/users are in favor of 2MB. (i would estimate 80/20 in favor of 2MB)

bitcoin services are in favor of 2MB. that means stamp, coinbase, blockchain.org, bitpay, etc etc

so its basically a minor group of devs against everyone else. and you can also see that from those core devs only a few are really decidedly against 2MB, most of them just try to avoid conflict and go with the others. if you watch closely you will find that gmax and luke are the main force behind the neglectance and stubbornness.

so its basically 20% of the community plus maybe 5 devs that try to force their will on everyone else.

@eric@haobtc

You should really try to communicate with core devs over skype or better yet in person before making a decision.

Too be honest I am surprised you thought Icebreaker was a dev. It suggests you do not even know who the core devs are. There must be a pretty big disconnect between the Chinese community and what is happening in Bitcoin.

Yes, miners are mostly profit oriented, from money point of view, they would take the lowest risk approach, either never implement any change since a full block will raise their fee income, or a small change to make sure nothing changes dramatically for their business model

1. Keep the size at 1MB forever, no scaling allowed
2. Higher fee income for miners
3. Miners expand mining operation
4. More competition cause higher difficulty
5. Investors previously get coin from mining have to buy from open market
6. Price rally and attract more users
7. go to 2

At meantime all the small transaction go off-chain, there will be thousands of off-chain services popping up since only those who move more than 10 coins at once can afford high transaction fee like 0.1 bitcoin per transaction (That's 200 btc per block, miners going crazy exactly like ASIC frenzy  )

Reality check: The Chinese miners (most miners, actually) are in it for the money.  Majority of hashpower isn't worth sh*t if they are mining a worthless coin.  If you are humiliated by a rejected pull request, you should find something else to do.  Seriously.

Do you have any examples?

Not really. There's been some pretty crappy BIPs the community has accepted, and some good BIPs that are as of yet not.