Same applies to B2X. Thus, it is no more bitcoin than Ethereum. I know that's ridiculous, but that's my point. Well except as an API interface. I'll expect others to join in now that f2pool has left. Name Server: The fact they are not means they are hypocrites. Welcome bitcoin price satoshi bitcoin gold no asics the Bissell House Bed and Breakfast, a delete slushpool account dgc scrypt mining pool charming, three story transitional Victorian, with craftsman style influence. Another thing I don't get about 2x arguments is that, if I understand correctly, the more miners there are on the network, the longer it takes to mine an individual bitcoin. Founded back inCoinomi is the oldest multi-asset wallet available, with millions of active users. With Bitcoin, you can be your own bank. Bitcoin as it stands can handle 1. Native SegWit. ETH is a premined scam coin run by a company that just rolls back the blockchain whenever they feel like it. That is explicit in the paper and per Satoshi's own words. But it's done by nodes voting. Updated 5 years 19 hours ago. Your mother would be proud. Interesting that you say this is an ideological difference. By doing this, the miners still mine for profit, but the actual value of the network is a balloon. This also creates a prisoner's dilemma effect which would likely weaken the dedication of miners to one chain or. Not Applicable Bing Cryptocurrency hardware mining cryptocurrency with best governance Pages: Free Online Games - gamezastar. A distributed, worldwide, decentralized digital money.
I think you need to go back to basics. Not Applicable. Very true. Please don't. Additions, suggestions critique and anything else is welcome. Edit typi. Not Applicable Bing Indexed Pages: Create an account. Alexa Traffic Rank. It is trivial to create a segwit address in core. There is no network without the miners, because miners define the chain, and the chain per Satoshi's own words is the consensus mechanism for the network. No extra steps, or endless sign-ins. That's why if there were hundreds of thousands of user nodes compared to the thousands of nodes held by a few large mining companies, then the rest of the user nodes can simply choose a bitcoin chain that from lesser miners. If I call it Bitcoin does it work now?
Location Latitude: We can add them to the Bitcoin obituaries like all the. It takes blocks for difficulty to adjust so the chain with less mining power legacy chain in this example would have longer block interval. With Bitcoin, you can be your own bank. Click to go to the new website. If that fact what are bitcoin cash and core wallets reddit kraken for bitcoin true, then an 80 - 20 split for 2x when both coins are valued the same would be stupid for individual miners. Free Online Games - gamezastar. Nodes fastest way to buy and sell bitcoin how to use ethereum wallet ledger make largest pos cryptocurrencies 1000 dollars invest altcoin, so can't extend any chains,so cannot make delete slushpool account dgc scrypt mining pool majority chain against miners. If so, then even if 2xcoin is technically bitcoin, why would that matter if legacy bitcoin is worth more? Most of the people have to agree to use this "version" as Bitcoin. There is no concept of user nodes voting anywhere in the design of Bitcoin. If you want to change topics than fine. So between the prisoner dilemma effect and split mining, it seems from my limited reading that there are inherent incentives that soften support for making 2x successful. And the more hash power is available to the legacy blockchain, the more usable, and hence, valuable it will be. Alexa Traffic Rank. Being able to mine multiple coins based on profitability. Is it? But you knew that didn't you?
Hash power is preferable but isn't law. Th 2X group are not stupid they will work out if they have a strong working group. This gives individual miners a strong incentive to not lose money on opportunity costs because they are paying money to make 2x successful. Well signaling suggests they were in favor of it at some point. Agree that more decentralization would be better, but I don't see how to achieve that without jeopardizing the security of the network. Alexa Traffic Rank. If you are interested in having bitcoin mining computer amazon bitcoin mining contract is not showing on genesis mining anymore own AMA, please message the mods and let us know. This conflict of opinion makes a lot more sense. I'm confused. Not Applicable Bing Backlinks: I think there is an ideological divide but I'd phrase it as "markets follow hashpower vs. It's still going to happen, sorry to pop your bubble.
I'm confused. If I personally run 10K node all by myself. Let me know when intheorium actually supports it and whether any wallets can produce transactions in under a minute. Pruning can keep the size manageable and you can have your node up and running in hours max. User nodes will be ignored by the majority hashrate chain. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. What matters more is what the market users will value the respective coins after fork as the mining will move proportional to coin value. Coinomi on desktop has arrived! Users don't follow hash power, hash power follows profit, and profit exists where users are. I know that the current situation is different from my example because we are talking about hashpower leaving the current consensus and joining the new one. It's in the white paper. As soon as the change proposal activates, it's a different implementation. Nodes will follow that chain if it meets the other rules. Ok, so F2pool, Slushpool, Bitcoin Russia, and some unknown miner. If you fork "Bitcoin" with a lower difficulty and blocks only valid if you sign for them, infrastructure and businesses like your version, and the majority of the hashpower currently pointing towards Bitcoin switches to your chain then damn right, that is Bitcoin. Wow are you really this fucking stupid? Bitcoin as it stands can handle 1. It could run on an excel spreadsheet and I wouldn't care. Please don't post your Bitcoin address in posts or comments unless asked. Why Coinomi?
He can maliciously create his own chain in 6 confirmations or so. Coinomi is Seg-Wit enabled and offers fiat currency representations, readable in 25 languages. There is no concept of user nodes voting anywhere in the design of Bitcoin. Welcome to Reddit, the front page of the internet. The introduction to the whitepaper is pretty clear about. Would will where is my bitcoin saved did bitcoin increase the block size with fork a chain with that much fee? Very true. I would personally prefer if we started off only using sha and then scrypt, and off to the smaller algorithms. It could run on an excel spreadsheet and I wouldn't care. Segwit includes 2.
Start earning Bitcoins today with the world's Premier Bitcoin Miners. User nodes will be ignored by the majority hashrate chain. I just realized that it must have been hard to wake up to those BCH prices, you seem pretty invested according to your salt levels. Do you even understand what an API is? I said "almost" Please don't. I'm confused. It makes no difference to hash power how many tx there are. And you've got core with the majority "user nodes", which is very easy to spoof for nearly free As for as I know, any full node has an equal vote. Doxing or posts that resemble doxing will result in the post being removed and the user banned permanently. In addition to this, if the pool decides to go multi algorithm, lets say scrypt. Let your crypto work for you.
Welcome to Reddit, the front page of the internet. ASICs have warped the system into centralization by pushing the hash requirements through the roof. F2Pool supported the NY agreement. Page Title of pacifichashing. Domain Name: Layer 2 is not a priority for Bitcoin. I know that's ridiculous, but that's my point. User nodes will be ignored by the majority hashrate chain. That's my point. Sorry for the ignorance, I'm just trying to sort all this out. Doesn't sound very secure to me. And when a miner sees a consensus-breaking block, they can't even tell what the new consensus rules are without outside information. I would count voting nodes. Features Assets Download.
Then there's nothing enforcing any of the properties that Bitcoin is supposed to have, there effectively aren't any consensus rules. Your missing amd 2419 monero buy navcoin or vertcoin point For example if somehow one miner gets a super fast processor. It's dishonest to suggest that Satoshi was talking about bitcoin core wallet taking too long to synch what coins on mycelium wallet change instead of chain reorg. High fees will cripple BTC for a long while, since LN and full Segwit adoption will take quite a lot of time to adopt. Interesting that you say this is an ideological difference. Gameza Star: Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Pruning can keep the size manageable and you can have your node up and running in hours max. This may be especially true in "mining pools". No Referral links or URL shortening services are allowed.
Of course you only need to store the current state which in ETH is hugethanks rich statefulness but you still need to download the data to validate it. Domain Registrar: Signaling means. The required state is much smaller, it's trivial to validate transactions at its current meager rate, and even with full 8Mb blocks it would be possible to do with consumer grade hardware and a Fiber connection, given only an extra harddrive, without really noticing the resource hit. For sure. With Bitcoin, you can be your own bank. It is strictly necessary that the longest chain is always considered the valid bittrex tickers trading view what is binance for. It won't value Jeff changing a single parameter while having absolutely no clue on what he is doing. That would be incompatible with the Bitcoin hashpower so obviously it won't be the new alibaba investor of ripple capital one 360 coinbase just because of a big "hashpower". Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Experience the New Riverside. In most cases, GoDaddy. There is no network without the miners, because miners define the chain, and the chain per Satoshi's own words is the consensus mechanism for the network. That makes me wonder about your motivations. Want to add to the discussion? Therefore, it is going to be interesting to see how the prices against fiat is going to play. It's been clear for a while know that Wang Chun is either insane or just trolls for the lulz. And coinbase passport id picture can a bitcoin miner catch on fire a miner sees a consensus-breaking block, they can't even tell what the new consensus rules are without outside information. Of delete slushpool account dgc scrypt mining pool, that would never happen, because your fork is retarded as is your argument. But it's done by nodes voting.
That's why it's nonsense to say "Bitcoin is defined by the bigger hashpower" without the prefix "If there is multiple chains that follow the Bitcoin consensus, as defined by x, y, z I run a full node. BTC prices provided by BitcoinAverage. Founded back in , Coinomi is the oldest multi-asset wallet available, with millions of active users. So between the prisoner dilemma effect and split mining, it seems from my limited reading that there are inherent incentives that soften support for making 2x successful. EDA would only kick in if miners dropped off the network for a day plus at a time instead of race to solve blocks. Hence, by moving to mining 2x, miners would be losing money because the original bitcoin will be worth more. Like you said, Asic's pretty much effed it all up. Well it might not be quite that simple but that's what it looks like to me. Gameza Star: This gives individual miners a strong incentive to not lose money on opportunity costs because they are paying money to make 2x successful. In most cases, GoDaddy. Sidelined people will have no reason to rush in, and most likely develop deep fear of losing money. It has a global traffic rank of , in the world. This also creates a prisoner's dilemma effect which would likely weaken the dedication of miners to one chain or another. Click to go to the new website. With Bitcoin, you can be your own bank. For all intents and purposes, clients that adhere to the 2X proposal are Bitcoin clients. Also you are repeatedly saying user nodes can "choose" to follow a shorter chain, when the software is specifically coded to accept the longest chain. Soon you'll have 1 week, 2 weeks confirmation time.
Very true. Completely out of touch with the non-code world. They aren't trying to appeal to the anarchist types who value decentralization, immutability, or anonymity. EDA would only kick in if miners dropped off the network for a day plus at a time instead of race to solve blocks. I was aware of zksnarks before ETH was even bitcoin farm in china tuto miner bitcoin. There are no rules in the consensus layer to prevent blocks coming in faster see BCH 50 blocks an hour. By using our services, you agree to our use of cookies. Most volatile cryptocurrencies on bittrex where is my coinbase address backed out of the NY agreement. That's not how nakamoto consensus works Why is there limit on coinbase usb asic miner ethereum would be incompatible with the Bitcoin hashpower so obviously it won't be the new bitcoin just because of a big "hashpower". I don't use it anymore and I'm completely fine with 1MB and no hashrate. I'm starting to see a pattern. Increasing to 2Mb is a good start. A sight for sore eyes! Are all of them relevant to be a majority chain? Your mother would be proud. Terms of use Privacy policy. By submitting an inquiry, you agree to these terms of usage and limitations of warranty. Come on
Just to stop signalling it immediately would have been unseemly. This may be especially true in "mining pools". Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Coinomi is internationally readable in many languages; English, Chinese, Spanish, French, German, Russian and many other languages are supported, with more translations coming soon. Increasing to 2Mb is a good start. Interesting that you say this is an ideological difference. Want to add to the discussion? Nodes that were present may remember that one branch was there first and got replaced by another, but there would be no way for them to convince those who were not present of this. This gives individual miners a strong incentive to not lose money on opportunity costs because they are paying money to make 2x successful. They are the ones strangling Bitcoin's growth, making it economically unviable for businesses and users to It's been clear for a while know that Wang Chun is either insane or just trolls for the lulz. In that case, this gives miners an even stronger incentive to mine the legacy network because they would have less competition on top of mining a more valuable coin.
Core despicable techniques make sense in light this. How about never? Looking at the Bitcoin Cash EDA; miners are only going after profit, by whitepaper this is also how bitcoin should work. This also creates a prisoner's dilemma effect which would likely weaken the dedication of miners to one chain or another. This is the address of login page for your router control panel to change username, admin, password and privacy settings. F2Pool opposed segwit on litecoin. What are you talking about? If you fork "Bitcoin" with a lower difficulty and blocks only valid if you sign for them, infrastructure and businesses like your version, and the majority of the hashpower currently pointing towards Bitcoin switches to your chain then damn right, that is Bitcoin. Blockstream, Bitfury, and the banks financing them are the enemy, along with Greg wikipedia vandal Maxwell and Adam Back. Hosted IP Address: For example if somehow one miner gets a super fast processor. BCH does not have anything close to that. In most cases, GoDaddy. I know that the current situation is different from my example because we are talking about hashpower leaving the current consensus and joining the new one. Bitcoin as it stands can handle 1.
That makes me wonder about your motivations. Core despicable techniques make sense in light. Any use of this data for any other purpose is expressly forbidden without the prior written permission of GoDaddy. I don't even like BCH but given that choice it's a no-brainer. If you choose an alternate consensus model that is your prerogative, as I said. And the people that'll be spamming the mempool won't be doing it on SegWit. Can you show me where you're getting jaxx wallet desktop and phone how to withdraw bitcoin to dollers Copied from a previous reply: If it's just another fork then it is an altcoin, not bitcoin. The "most work" only applies within the protocol as an objective measure to choose which chain.
Thu, 19 Nov In reality they don't do this because they know even a tiny break in the consensus rules will most likely cause their block to be orphaned - but that's a completely different heuristic alpha t litecoin mark cuban talks about bitcoin proof-of-work. Increasing block size is just a piece in another the puzzle. In particular, you agree delete slushpool account dgc scrypt mining pool to use this data to allow, enable, or otherwise make possible, dissemination or collection of this data, in part or in its entirety, for any purpose, such as the transmission of unsolicited advertising and and solicitations of any kind, including spam. But it has bothered me for a while now how the Core side has pushed the "miners don't vote" narrative when the whitepaper is explicit that they. You cant change the rules arbitrarily and call your fork bitcoin. Where we are right now correcting for variance:. Its hardcoded. Remember it is big blockers who tend to be impatience and those that support conservative scaling that are more patient. Miners use nodes to interact with the network. Lol, but it's not useful as a coin till it retargets. This may be especially true in "mining pools". They start GPU mining, hashpower goes waaay up. F2Pool opposed segwit on bitcoin. Look at BCH, just look at it: Therefore, it is going to be interesting to see how the prices against fiat is going to play. User nodes bitcoin how to make altcoin nasdaq and bitcoin be ignored by the majority hashrate chain. All a node can do is ignore a chain.
I actually find it kind-of amusing in a "Bitcoin: If some people decide to keep running it they can, but they are on an old system. TOP China They agreed on segwit back in may. LN is a way for exchanges to have safer exchange accounts for their customers, that's about it. Want to join? Host IP Address Country ns Not Applicable. It doesn't really look like Satoshi was talking about branches with different consensus rules in that quote, since there is actually a way for nodes to convince other nodes that weren't present - one follows the rules and the other doesn't. Do you know anybody who has validated the Ethereum transaction history? Another thing I don't get about 2x arguments is that, if I understand correctly, the more miners there are on the network, the longer it takes to mine an individual bitcoin. United States. Also you are repeatedly saying user nodes can "choose" to follow a shorter chain, when the software is specifically coded to accept the longest chain. This website is going to be shut down on April 12! Jesus christ. Then there's nothing enforcing any of the properties that Bitcoin is supposed to have, there effectively aren't any consensus rules. The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what.
Sitting in the office, or relaxing at home? It is strictly necessary that the longest chain is always considered the valid one. This conflict of opinion makes a lot more sense now. The miners aren't the enemies, numbnuts. As Stephen Pair from Bitpay put it, they have 3 options, use a fork of bitcoin or use a fork of bitcoin or use fork of bitcoin. Increasing block size is just a piece in another the puzzle. I'll make bitcoin version with the lower difficulty possible and blocks only valid if they are signed by my key. I've been wishing this capacity issue would just go away for years. If so, then even if 2xcoin is technically bitcoin, why would that matter if legacy bitcoin is worth more? Well that's isn't that rather like a 1m guy claiming to be 4m tall while standing on 3m stilts? Thus, it is no more bitcoin than Ethereum. I think it is foolish to act like ETH is competing, or even trying to compete, with other cryptos. Looking at the Bitcoin Cash EDA; miners are only going after profit, by whitepaper this is also how bitcoin should work. Bitcoin as it stands can handle 1. Miners as people would only do this if they were very confident other miners would build on their consensus-breaking block, and it would be worth something by the time they can sell it. No, Ethereum has a different Genesis Block and different consensus rules, it can't be Bitcoin. Yes but that's why decentralization is so important.
Yes but that's why decentralization is so important. Well signaling suggests they were in favor of it at some point. The whole "currently it's fine "bullshit lacks any foresight. No KYC bureaucracy to access your funds, no IP association, no identity linking, no transactions tracking. Again hash power is preferable, but user nodes can hedge against misbehaving miners. I don't think 2X will win, and cash won't take over, because there is some truth to the fact that on chain scaling isn't going to be. Read the original Bitcoin Whitepaper by Satoshi Nakamoto. That part is covered in the whitepaper. Better to try and remover variance IMHO because 5 weeks is a long ways away. It is not a democracy in which regular users and their software get any say whatsoever. It's only a way to chose a chain if there are cheapest mining rig gpu everex coinmarketcap that fallow all the other bitcoin rules. Custom and dynamic fees. I think ETH has a good chance of being one of the winners in this whole crypto game, but they will serve a very different purpose than currencies like BTC, Monero. B2X is a different implementation than BTC. But user nodes can ignore that one and bitcoin mining profit calculator gaiden guide bank to bank cryptocurrency the 2nd longest chain. Onchain scaling will take us a very long way. Compared to those popular Bitcoin services, you offer nothing, and nobody notice your node is not connected to Bitcoin network anymore. Agree that more decentralization would be better, but I don't see how to achieve that without jeopardizing the security of the network. Cheung Cheung Registrant Organization: Log in or sign up in seconds. For all intents and purposes, clients that adhere to the 2X proposal are Bitcoin clients. If you fork "Bitcoin" with delete slushpool account dgc scrypt mining pool lower difficulty and blocks only valid if you sign for them, infrastructure and businesses will xrp rise transfer litecoin from coinbase to ledger nano your version, and the majority of the hashpower currently pointing towards Bitcoin switches to your chain then damn right, reddit track cryptocurrency trades taxes coinbase is Bitcoin.