Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
sAt0sHiFanClub
on 16/01/2016, 10:48:25 UTC
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 doesn't work, signature pruning, simpler script updates doesn't work, fixing malleability allowing future payment channels doesn't quite fix malleability - huge risk potential.
45 within a month less than 10 developers maintaining 

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

Regarding your dev numbers, most of those guys have no financial gain with blockstream, so will follow where the action is.

And again, your figure for Classic is wrong. But if that's a figure that helps you sleep at night, then go for it.