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Is Bitcoin breaking up?

wsj.com

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Re: Is Bitcoin breaking up?

#21
The current situation reminds me a lot of the time when Firefox replaced Internet Explorer as the most popular browser. And of the time when Chrome replaced Firefox as the most popular browser.

Currently there is only one Bitcoin implementation. And the developers a) refuse to implement what users want. And b) implement bloat that users dont't want.

So Bitcoin will "break up" in a similar way the WWW "broke up" when new browsers were introduced.

It's a good thing.

Re: Is Bitcoin breaking up?

#22
post #19
post #9

The Bitcoin community is rapidly coalescing around an effort to increase the maximum allowed blocksize to 2MB as soon as possible. This increase is being implemented in a new client, Bitcoin Classic [0], which is a fork of Bitcoin Core that changes only the single line of code that sets the blocksize limit. Bitcoin Classic was created by Jonathan Toomim, an American miner and developer who went to China to talk direc…

[deleted]

If they are wise, that is literally what they will do. It won't undo the fork, though, the fork is really in the blockchain (as he's using the term fork) rather than in the source code.

For some period of time there will be two versions of bitcoin running on the machines that mine, and it will take some time for them to switch over-- but since Classic is doing the switch with major support now, the transition should be smooth.

Bitcoin the protocol can and is run by a wide variety of software... the blockchain is a consensus agreement of that software. Basically its an agreement on protocol based on the rules in the software.

For most of its history, that software has been based on Bitcoin Core. That may change in the future to Bitcoin Classic, or both may be running at the same time with different variances, but supporting effectively the same protocol.

Nobody wants %50 of the network to be running software incompatible with the other %50.

Re: Is Bitcoin breaking up?

#23
post #21

The current situation reminds me a lot of the time when Firefox replaced Internet Explorer as the most popular browser. And of the time when Chrome replaced Firefox as the most popular browser. Currently there is only one Bitcoin implementation. And the developers a) refuse to implement what users want. And b) implement bloat that users dont't want. So Bitcoin will "break up" in a similar way the WWW "broke up" when…

Internet Explorer is still the most popular browser among users worldwide. Chrome is the most popular browser among certain techies. Chrome is also popular among users tricked into installing it via forced bundleware with Java updates, free antivirus engine updates, and (ironically) Flash plugin downloads for Firefox.

Re: Is Bitcoin breaking up?

#24

If you want to read the article without being blocked by WSJ's paywall just Google the name of the article and click on the link. More often times than not you can get to a WSJ article via GoogleNews even if it is pay-restricted.

So they do reference checking...huh...that would mean Google News doesn't strip out the ref like their search engine does

[deleted]

Re: Is Bitcoin breaking up?

#25

> Is Bitcoin Breaking Up? If they have to frame a headline as a question, you can usually assume the answer is "no"... https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline... The reason why journalists use that style of headline is that they know the story is probably bullshit, and don’t actually have the sources and facts to back it up, but still want to run it.

Narrator's law of headlines is : one should prepend "We would like you to believe that" to any headline that ends in a question mark.

Re: Is Bitcoin breaking up?

#26
post #9

The Bitcoin community is rapidly coalescing around an effort to increase the maximum allowed blocksize to 2MB as soon as possible. This increase is being implemented in a new client, Bitcoin Classic [0], which is a fork of Bitcoin Core that changes only the single line of code that sets the blocksize limit. Bitcoin Classic was created by Jonathan Toomim, an American miner and developer who went to China to talk direc…

So you believe that whoever was upset with the blocksize/management changes that would have been introduced in XT has been placated by this more inclusive effort? And that this actor will not attempt to sabotage the rollout of Classic as they did with XT?

Re: Is Bitcoin breaking up?

#27
post #21

The current situation reminds me a lot of the time when Firefox replaced Internet Explorer as the most popular browser. And of the time when Chrome replaced Firefox as the most popular browser. Currently there is only one Bitcoin implementation. And the developers a) refuse to implement what users want. And b) implement bloat that users dont't want. So Bitcoin will "break up" in a similar way the WWW "broke up" when…

The WWW's fundamental job is not to establish consensus. It is to communicate information. Incompatible changes to the web and incompatible changes to the bitcoin protocol have very different significance.

Re: Is Bitcoin breaking up?

#28
post #21

The current situation reminds me a lot of the time when Firefox replaced Internet Explorer as the most popular browser. And of the time when Chrome replaced Firefox as the most popular browser. Currently there is only one Bitcoin implementation. And the developers a) refuse to implement what users want. And b) implement bloat that users dont't want. So Bitcoin will "break up" in a similar way the WWW "broke up" when…

Internet Explorer is still the most popular browser among users worldwide. Chrome is the most popular browser among certain techies. Chrome is also popular among users tricked into installing it via forced bundleware with Java updates, free antivirus engine updates, and (ironically) Flash plugin downloads for Firefox.

Just like IE is popular among users tricked into installing it via forced bundleware with Windows?

Re: Is Bitcoin breaking up?

#29
post #21

The current situation reminds me a lot of the time when Firefox replaced Internet Explorer as the most popular browser. And of the time when Chrome replaced Firefox as the most popular browser. Currently there is only one Bitcoin implementation. And the developers a) refuse to implement what users want. And b) implement bloat that users dont't want. So Bitcoin will "break up" in a similar way the WWW "broke up" when…

Internet Explorer is still the most popular browser among users worldwide. Chrome is the most popular browser among certain techies. Chrome is also popular among users tricked into installing it via forced bundleware with Java updates, free antivirus engine updates, and (ironically) Flash plugin downloads for Firefox.

Oh hi 2012, what are you doing here?
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