Post
Topic
Board Bitcoin Discussion
Re: I ran Bitcoin Core for >3 years, and I turned it off today
by
iCEBREAKER
on 14/08/2015, 23:07:23 UTC
After so much chaos and drama, you have a mighty 3% of the nodes to show for it?

Even the supporters of larger blocks weren't expecting to see mass adoption of XT overnight, so I don't see why someone as vehemently opposed to them as yourself was expecting it to happen even faster.  The link for the latest release that actually supports larger blocks was only put up on the xtnodes website on the 10th.  It's been three days.  I (just about) credit you with enough intelligence to know that this is going to go on for a little longer than that before we have a clear outcome.  Troll harder.

If you're in that much of a hurry to declare the contest over, people are just going to wonder what you're so afraid of.  No one can say with any certainty whether this will go on for weeks, or even months.  All we know for certain is that it's going to be interesting.

Also, it's not an altcoin.  Again, troll harder.

Most supporters of larger blocks don't support XT, because it entails a Hearn dictatorship complete with checkpoints and Tor crackdowns.

XT is most certainly an altcoin, no matter how hard you wish or how long you bloviate:


Activating a hardfork based on what miners do is really bad. You could easily have a situation where 75% of miners support XT but none of the big Bitcoin exchanges or businesses do. Then miners would start mining coins that they couldn't spend anywhere useful, and SPV users would find that they can't transact with the businesses they want to deal with. The currency would be split, and in this case XT would be in a far weaker position than Bitcoin. The possibility of this sort of network/currency split is what makes XT not a "legitimate hardfork", but rather the programmed creation of an altcoin. A consensus hardfork can only go forward once it has been determined that it's nearly impossible for the Bitcoin economy to split in any significant way. Not every Bitcoin user on Earth has to agree, but enough that there won't be a noticeable split.

Bitcoin is not ruled by miners. In a hardfork, miners barely matter at all. (Softforks are different.) What's important is what the economy does.