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funyug

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blockchaind.net 8y ago

Some Challenges for the Lightning Network – Blockchaind.Net

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blockchaind.net 8y ago

51% Attack and Blockchain Reorganizations

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blockchaind.net 8y ago

Proof of Work vs. Proof of Stake Comparison

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blockchaind.net 8y ago

Monero Planning to Release BulletProofs in March 2018

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blockchaind.net 8y ago

CryptoKitties – The Killer Ethereum Dapp or Waste of Resources

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3pts0
blockchaind.net 8y ago

DragonMint 16T – HalongMining Releases Competitor to Bitmain

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blockchaind.net 8y ago

Debunking the “Bitcoin's Electricity Consumption” Problem

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blockchaind.net 8y ago

Why Bitcoin Is Expensive and Its Drawbacks

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blockchaind.net 8y ago

Lightning Network and Its Use Case

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blockchaind.net 8y ago

The Bitcoin Whitepaper Controversy

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blockchaind.net 8y ago

Segwit2x Cancelled – Bitcoin Reaches a New All Time High

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blockchaind.net 8y ago

Will Ethereum Fork to Save the Investors Again?

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blockchaind.net 8y ago

Bitcoin Under Political Attack – Contentious Fork Segwit2x on 16th November

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blockchaind.net 8y ago

The Need of a Fee Market in Bitcoin

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blockchaind.net 8y ago

Why Bitcoin Developers Are Against the Block Size Increase

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blockchaind.net 8y ago

Why Block Size Increase Is Not a Solution to High Fees for Bitcoin

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blockchaind.net 8y ago

Replay Protection in Bitcoin and Why it is needed

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blockchaind.net 9y ago

Numeraire – Get Rewarded to Predict Stock Market Using Artificial Intelligence

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3pts0

But satoshi's vision was that every computer can run the software to vote for the chain they want. Majority of hashrate today is controlled by a single company Bitmain.

Also Segwit2x are trying to kill the current bitcoin chain. I wont have a problem with them if they had a replay protection but putting users in danger is contentious.

If you mean that there should be a more dynamic way of choosing max block size, I agree Actually no. Ethereum currently have dynamic block size and they are heading for doom with their increasing node costs everyday. Also regarding the btc reddit,you can go to r/btc right now and see that it has only core bashing and bitcoin cash supporting posts. Nothing about scaling or anything else. I do support increasing block size to 2MB but thats it. Because I do believe that everyone should run their own nodes to verify each transaction themselve.

I actually don't care about nullc or anyone else spreading lies or anything. I just believe that core scaling plan is far more superior to what others have been demanding.

Thanks for the presenting the other side of the argument. I have been a part of the bitcoin community since 2013 so I am pretty aware of both sides of the debate. I am actually a supporter of bigger blocks. But i know that we cannot keep increasing the block size everytime we need. It is not about Jeff garzik not being competent enough, it is about the amount of work he will have to do. Current bitcoin developer group is huge and many developers review the same code, work on new stuff and much more. Segwit2x havent shown anyone else other than Jeff garzik who is going to work on Segwit2x codebase.

Both r/bitcoin and r/btc are terrible. You wont ever get a proper discussion for bigger blocks on r/bitcoin and r/btc has basically turned into a place for bitcoin cash and is not anyway related to bitcoin now. They even celebrate everytime bitcoin price dumps.

a. The limit has been changed quite a few times in the past. It has both been decreased and increased when required. I think they were soft limits which didnt require a hard fork. I dont have links right now. Will post them as soon as i find any.

b. You are right but their is still a maintainer of the repo that merges the code in the repository and do releases. Core developers don't believe in capability of segwit2x developer i.e. just Jeff Garzik to handle this task.

c. There are two pools slushpool and f2pool that are currently supporting the original chain. Other than this several twitter polls have been done and several meetup groups have posted articles on medium denouncing their support for segwit2x. I am not good with saving links but I am sure you will find several polls with a simple google search.

d. Miners are not a part of bitcoin consensus mechanism. They are a way of safely executing the chosen decision. All issues must be raised before merging code in the bitcoin repo. By blocking the activation of segwit for over an year, miners lost the confidence from the community. Also around 40% of mining power is currently controlled by Bitmain and the rest is also dependent on them as they are the only mining hardware manufacturer.