71–80 of 108 posts
Can somebody explain the significance? Is this related to the conflict between devs and miners where devs want to reduce the mining fees and miners responded by creating a fork?
These were non-mining nodes, so they were not participating in consensus (block ordering).
The chain did not split and nothing really happened, except cause a temporary outage of a "block explorer" website.
Satoshi wrote in 2010: "I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint." https://bitcoint…
"In a different blockchain they go by different rules" yeah no shit, of course. Ethereum is not Bitcoin because Ethereum doesn't want to be Bitcoin, otherwise Ethereum wouldn't have existed in the first place. That's like complaining that GCP is not following the advice of AWS "leaders", of course they are not gonna do that, otherwise they would work together, not on two different projects... Also, no matter what Sat…
That's a terrible summary! It's like saying it's obvious that GM should ignore anything Henry Ford ever said about making cars. There might be good reasons to act differently, but simply being a different organization isn't one.
Satoshi wrote in 2010: "I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint." https://bitcoint…
Why are you treating Satoshi like an enlightened prophet?
Earlier quoted context omitted.
Bitcoin.com has the Satoshi Archive ( https://www.bitcoin.com/satoshi-archive/ ) with all his emails and forum posts. Satoshi wanted big blocks, and so BTC largely ignores him or says "We are all satoshi", but there is a ton of wisdom if you go back and read. This was put together by Derek Magill, who is also a good person to follow on Twitter.
Warning, bitcoin.com is non-authoritative on bitcoin. They went a little mad a few years ago with the big block agenda. They do not speak for bitcoin, and want to push their big block bcash fork. Satoshi proposed 1MB blocks in 2010 as an anti-spam mechanism. He was not against raising it, but it had to be done sensibly. RV and Bitcoin.com forced a non-sensible fork and fell off a cliff.
BCH is not Roger Ver. BCH is all of the old school Bitcoiners who still believe Bitcoin can scale like Satoshi intended. And they're a hell of a lot less toxic to interact with.
Satoshi wrote in 2010: "I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint." https://bitcoint…
A lot of people are disagreeing with you, possibly because of your overly-reverential treatment of Satoshi, but I think ultimately this idea makes more sense than some of the commenters here are giving it credit for. Chrisco writes: > The whole reason they have multiple clients is to make the network more resilient for moments like this. But to me, it seems like this was a minor bug in which more contracts were being…
Ethereum is THE fork. Original is called Ethereum Classic.
Ethereum's DAO fork and the ETC debacle is why your OG's don't support Ethereum.
Earlier quoted context omitted.
Warning, bitcoin.com is non-authoritative on bitcoin. They went a little mad a few years ago with the big block agenda. They do not speak for bitcoin, and want to push their big block bcash fork. Satoshi proposed 1MB blocks in 2010 as an anti-spam mechanism. He was not against raising it, but it had to be done sensibly. RV and Bitcoin.com forced a non-sensible fork and fell off a cliff.
"Non-authoritative" ... this is why BTC people just suck to talk to. Everyone DYOR. It is indisputable that Satoshi wanted big blocks. Here are a couple quotes: The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. https://www.bitcoin.com/satoshi-archive/emails/mike-hearn…
Here's a source directly from Mike Hearn
https://bitcointalk.org/index.php?topic=149668.msg1596879#ms...
The problematic block https://hash.horse/0xac324366422b3ef181a3f62efd81eee6a3a887c...
Earlier quoted context omitted.
Warning, bitcoin.com is non-authoritative on bitcoin. They went a little mad a few years ago with the big block agenda. They do not speak for bitcoin, and want to push their big block bcash fork. Satoshi proposed 1MB blocks in 2010 as an anti-spam mechanism. He was not against raising it, but it had to be done sensibly. RV and Bitcoin.com forced a non-sensible fork and fell off a cliff.
Roger Ver had nothing to do with the BCH fork. In fact, he was many months late in showing any public support for it. He was dead silent until it started to look like the core devs were going to reneg on their agreement to support 2mb blocks in exchange for passing Segwit. And as expected, they did reneg on that, immediately after they got what they wanted. BCH is not Roger Ver. BCH is all of the old school Bitcoiner…
There will be another weighting change with taproot, which further scales the network by preventing the need to broadcast tx's containing the full script output. This in turn introduces additional privacy in indistinguishably of script outputs.
Its not too late to preserve your money. Ignore the fork noise, and keep stacking (real) sats.
Ethereum is THE fork. Original is called Ethereum Classic.