Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)

Quote from: notbatman on November 12, 2015, 08:13:39 AM

Quote from: CoinSkipper on November 12, 2015, 12:41:43 AM

Bitcoin XT is basically a new bitcoin that is profitable for Coinbase. No one supported it from the beginning. No one will in the future. The original is the one and only, and no fake can best it. Bitcoin XT was never going to be a success, anyway.

I suspect XT has achieved exactly the effect "they" intended it to.

Yes.

Noosterdam

It wasn't a mistake. Gavin did the right thing by exerting exit pressure (XT) rather than voice pressure (staying in Core), because having one monolithic implementation has already become Bitcoin's weak point. People think XT needs to reach 75% of mining power for it to succeed, but it doesn't. It just needs to hang over Core's head. Exit pressure is stronger than voice pressure, and it helps crack the centralization weak point of Core. Short term, we suffer some pain due to delayed blocksize increase, but long term we are spared greater pain by entering billion or trillion dollar market caps without the millstone of centralized development.