81–90 of 381 posts
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There's currently 86.5% support.
That's 86.5% miners signalling to signal support. Segwit2x is still yet to have a working and tested implementation. Would you support something which has not been fundamentally tested?
https://github.com/btc1/bitcoin
> ... and tested implementation.
It will go online on the testnet tomorrow
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Not sure why people are downvoting you, you are objectively correct. segwit2x is at over 85%. https://coin.dance/blocks
I'm guessing the downvotes were a response to the tone of the post, not the actual content. Though, the content itself is incorrect as well. Consensus has been achieved by the miners and by a few major payment processors, but not by the userbase. Blockchains though are very resistant to moves by major players, and even the miners being at 85% are not enough to force fundamental changes like this into the network if t…
this post feels like propoganda. prior bitcoin upgrades have gone much smoother and when they do go wrong the community banded together to spread the right information. albiet the userbase was likely a lot smaller back then.
If the soft fork fails, Core developer Luke-Jr said they'd change the Proof of Work algorithm and possibly create an altcoin (or bitcoin if enough follow).
This is like a Russian Roullete situation. The gun's loaded, all signs point to neither side conceding. It's the cypherpunks vs the corporate miners (plus some former devs and very credible people).
Well, that's a remarkably uninformative announcement. Here's an attempt at a neutral tl;dr from a Bitcoin amateur. Bitcoin is currently suffering from significant scaling problems, which lead to high transaction fees. Numerous proposals to fix the scaling issue have been proposed, the two main camps being "increase the block size" and "muddle through by discarding less useful data" (aka Segregated Witness/SegWit). Ho…
A neutral response would probably not use the phrasing 'muddle through' with regards to the solution endorsed by most of the technical experts in the Bitcoin space. ---- Right now there are 3 implementations of Bitcoin in the wild, and each of the 3 will react differently to different network events. The network is essentially splitting apart, with each fragment driven by a different faction. If you don't know what t…
Make that 4...
> This means that any bitcoins you receive after that time may later disappear from your wallet or be a type of bitcoin that other people will not accept as payment. Can you imagine the uproar if Visa said the same thing? It would be totally unthinkable. Bitcoin can get away with this type of "disruption" because it's not really being used for anything other than a speculative vehicle.
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> When the split happens, sell all of your coins on the forks that you disagree with, and use the resulting money to buy coins on your preferred fork. Or keep all the forked coins in case you are wrong ?
If you are keeping all the forked coins, you probably don't have a strong ideological opinion. It's not about being 'wrong' in this case, it's about ideological alignment. If you follow my advice, you will more or less end up with the same amount of money as you started with, regardless of where the prices of the coins end up (as long as you wait through the early volatility stages). If you aren't ideologically align…
For example, in this experiment small payments for correct and "don't know" responses sharply diminished the gap between Democrats and Republicans in responses to "partisan" factual questions.
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Lets say that you buy a bunch of gold and put it in a fortress. Nobody can steal your gold, but lets say the entire world gets together at once, and decides that gold is worthless and that they are moving over to lead as the new currency. But they are keeping the name "gold". Everyone now uses the name "gold" to refer to what was previously known as "lead". Your pile of "real gold" wasn't stolen, but it may as well h…
Except you get the same amount as leas as you have gold. In fact, now you have gold and lead. One will turn out to be a storage for value.
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If you are keeping all the forked coins, you probably don't have a strong ideological opinion. It's not about being 'wrong' in this case, it's about ideological alignment. If you follow my advice, you will more or less end up with the same amount of money as you started with, regardless of where the prices of the coins end up (as long as you wait through the early volatility stages). If you aren't ideologically align…
Profit trumps ideology even when you hold strong views. For example, in this experiment small payments for correct and "don't know" responses sharply diminished the gap between Democrats and Republicans in responses to "partisan" factual questions. http://www.nber.org/papers/w19080
Profit comes from knowing how the markets will move before they do (and performing arbitrage), not from owning the asset that has the greatest market cap.
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If you are comparing cryptocurrency exchanges with the real world transactions, stuff like this could have happened quite often in the old times. There is the story of the man working cast away for years with little connection with the rest of the world. After he comes back to a town he finds out that the king has changed, so all the notes and coins he has accepted as salary over the years are useless. In reality, ou…
A little remark - those central authorities have men with guns to enforce their authority (given that governments are backing centralized system as for now)