Author

Topic: XAPO says "there can be more than 21,000,000 bitcoins" (Read 447 times)

full member
Activity: 392
Merit: 137
they are flirting with bitcoin cash. Bitcoin segwit2x hashrate has the most hashrate for ever. no need to look for another network other then bitcoin.
I have not seen that flirted with XAPO bitcoin cash. They refuse to support the currency, and warned all their users to Dec move their coins to other wallets. If this is not done they forcibly will exchange these altcoins for bitcoin. I think that the same thing will happen to bitcoin gold. I use XAPO for a long time and I really like this service.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
From there statement regarding the segwit2x fork:
"Xapo’s policy in regards to forks is that, when there is a fork, we always follow the chain with the most accumulated difficulty and we make the minority chain available to our customers for them to sell or withdraw from Xapo. "

So, if someone changes the hardcoded rule about the limit of 21,000,000 btc max. it would be totally fine for XAPO as long as the new chain has the most hashrate.

This is why segwit2x is a serious threat to all cryptocurrencies.  We could no longer argue why some rules are irrevocable.

So it is possible to have an altcoin / fork which has a supply limit of more than 21 million. Why should that be a concern to anybody?
You are free to choose the fork of your choice as the original "Bitcoin".
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I wonder who's informing Xapo's decisions. 'Accumulated difficulty' is a borderline meaningless phrase and once again it's deferring to miners when they should be kissing our arses. I think this is the last roll of the dice for miners to cast themselves as authority figures. It's sad that they were ever permitted to get close to that status.

And as for the original point, if enough people want more than 21 million then they should have them. I really, really can't imagine the circumstances where that's desired though.
hero member
Activity: 770
Merit: 509
they are flirting with bitcoin cash. Bitcoin segwit2x hashrate has the most hashrate for ever. no need to look for another network other then bitcoin.


STOP BULLSHITING.

YOU ARE NOTHING MORE THAN AN ACCOUNT THIEF.


Was your account stolen? why don't you prove that you own the account? As a Legendary member I would be extremely pissed off at seeing some idiot posting big blocker propaganda with my hard earned Legendary status. Why don't you find any BTC address that you posted with your "ask" account and sign it? As an user that has been here for years and has thousands of posts im sure you can find one BTC address, sign a message and sent it to theymos or Cyrus and get your account back.

At what date did you lose the account? your points never seemed very bright tbh.
sr. member
Activity: 700
Merit: 254
In the real world there are counterfeiters and coiners. Could they exist in the crypto world? Very difficult to immagine!
full member
Activity: 420
Merit: 136
From there statement regarding the segwit2x fork:
"Xapo’s policy in regards to forks is that, when there is a fork, we always follow the chain with the most accumulated difficulty and we make the minority chain available to our customers for them to sell or withdraw from Xapo. "

So, if someone changes the hardcoded rule about the limit of 21,000,000 btc max. it would be totally fine for XAPO as long as the new chain has the most hashrate.

This is why segwit2x is a serious threat to all cryptocurrencies.  We could no longer argue why some rules are irrevocable.

There is no mention at all of exceeding the cap of 21m btc, you're simply plucking that out of thin air based on something unrelated to the cap.
full member
Activity: 392
Merit: 101
If the maximum supply of bitcoin reach 21,000,000 we will have decimals in each number.. it's written in the white paper wrote by Satoshi Nakamoto.
newbie
Activity: 4
Merit: 0
they are flirting with bitcoin cash. Bitcoin segwit2x hashrate has the most hashrate for ever. no need to look for another network other then bitcoin.


STOP BULLSHITING.

YOU ARE NOTHING MORE THAN AN ACCOUNT THIEF.
hero member
Activity: 770
Merit: 509
XAPO is part of DCG, also known as Digital Currency Group, a group of corporations that are part of the segwit2x attack sponsored by US government. Tell everyone to not use Xapo ever again. They also threatened with listing segwit2x as the real Bitcoin:

https://blog.xapo.com/about-the-bitcoin-segwit2x-update/

Remember that they were part of the Bitcoin Classic attack too:

https://twitter.com/wences/status/701188674126352385

These terrorists must be stopped.
ask
legendary
Activity: 1386
Merit: 1004
they are flirting with bitcoin cash. Bitcoin segwit2x hashrate has the most hashrate for ever. no need to look for another network other then bitcoin.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
first of all you are making stuff up, nowhere anyone is talking about bitcoin cap of 21 million. stop spreading FUD.

secondly any service is free to choose any strategy they wish to choose as long as they are transparent about it, i don't see any problems with that.
you can read their stance and understand what they offer and if you don't like it, then don't use it. the third party services don't define bitcoin.

let me quote some parts:
Quote
Just like we did with the Bitcoin Cash fork,.....
.....Xapo’s policy in regards to forks is that, when there is a fork, we always follow the chain with the most accumulated difficulty and we make the minority chain available to our customers for them to sell or withdraw from Xapo.
https://blog.xapo.com/about-the-bitcoin-segwit2x-update/
jr. member
Activity: 36
Merit: 2
From there statement regarding the segwit2x fork:
"Xapo’s policy in regards to forks is that, when there is a fork, we always follow the chain with the most accumulated difficulty and we make the minority chain available to our customers for them to sell or withdraw from Xapo. "

So, if someone changes the hardcoded rule about the limit of 21,000,000 btc max. it would be totally fine for XAPO as long as the new chain has the most hashrate.

This is why segwit2x is a serious threat to all cryptocurrencies.  We could no longer argue why some rules are irrevocable.
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