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Sr. MemberActivity: 251Merit: 253 What's wrong with XT? October 14, 2015, 12:09:53 AM #1



Personally I see nothing sinister about the IP blacklist, all it is, is protection against DoS attacks. If you're still skeptical you can just disable the list:

Code: disableipprio=1

As for disenfranchisement this sums it up:



Quote Money is inherently a social tool and to use a currency is to accept its rules, even if you dont like them. You cant use the dollar whilst opting out of quantitiative easing. Even if this were technically possible (maybe you are a large bank), youre going to start receiving eased dollars instead of real dollars in payment sooner or later and arguing with your customers about this is a quick route to commercial death.



Any change to Bitcoin that is accepted by the majority inherently disenfranchises the people who didnt want that change. This has nothing to do with hard or soft forks: regardless of which technique is used, if transactions using the new rules start to enter widespread circulation then sooner or later you will receive coins in payment that trace back to a new-rule transaction. And then you have two choices. You can verify the new rule, or you can not verify it. But the only thing not verifying does is reduce your own security: its cutting off your nose to spite your face. So in practice everyone always upgrades. To disagree with a soft fork that is adopted by the majority is no different than disagreeing with a hard fork: if you dont like the new rules .. tough cookies. Thats trade.



We can see proof of this in P2SH itself. The competing proposal had some miner and developer support, but in the end everyone accepted the version we have today. They had no choice in the matter, or rather, they chose to accept the change and continue using Bitcoin. It being a soft fork made no difference.



So the idea that hard forks vs soft forks is some epic struggle for personal rights over oppression just doesnt make any technical sense. The distinction is not just wrong: its completely irrelevant.

Having a hard fork is inevitable in Bitcoin's future even if Core turns out to be the winner in this battle. Let's make the switch to XT now and get the hard fork over with.



For every other issue that's been brought up Mike Hearn has strong counterarguments



An XT FAQ

On consensus and forks



As of right now I don't see any disadvantages with XT and I'd consider myself a supporter. Please attempt to change my opinion

I didn't know much about XT until this past week but I fail to understand why support for it is so divided. The most controversial elements are the IP blacklist, disenfranchisement, and the hard fork.Personally I see nothing sinister about the IP blacklist, all it is, is protection against DoS attacks. If you're still skeptical you can just disable the list:As for disenfranchisement this sums it up:Having a hard fork is inevitable in Bitcoin's future even if Core turns out to be the winner in this battle. Let's make the switch to XT now and get the hard fork over with.For every other issue that's been brought up Mike Hearn has strong counterargumentsAs of right now I don't see any disadvantages with XT and I'd consider myself a supporter. Please attempt to change my opinion

Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though! ertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.

muyuu

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DonatorLegendaryActivity: 966Merit: 1000 Re: What's wrong with XT? October 14, 2015, 02:34:27 PM #12 Every single difference with Core is for the worse IMO. Much for the worse, even the governance model and the people in charge are immensely for the worse.



Obviously you are free to disagree and join their rather lonely motley crew. GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)

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Hero MemberActivity: 924Merit: 10034 Mana 7/7 Re: What's wrong with XT? October 14, 2015, 02:41:25 PM #13 Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

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DonatorLegendaryActivity: 966Merit: 1000 Re: What's wrong with XT? October 14, 2015, 02:55:50 PM #14 Quote from: mexxer-2 on October 14, 2015, 02:41:25 PM Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

Indeed. It's where it belongs.



Thanks OP, that minimum decency is usually missing in the XT crowd, that makes you elite there. Indeed. It's where it belongs.Thanks OP, that minimum decency is usually missing in the XT crowd, that makes you elite there. GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)

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Hero MemberActivity: 867Merit: 1000 Re: What's wrong with XT? October 14, 2015, 03:01:16 PM #16



View this dialogue to see why:



https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/cvyfzyw



If you read the conversation, you may come to the same conclusion. These individuals do not see bitcoin as a payment network. They see it as a settlement network only. The camp against a block-size increase apparently thinks that high fees and few transactions (like moving gold once a year) is how the blockchain should be used.View this dialogue to see why:If you read the conversation, you may come to the same conclusion. These individuals do not see bitcoin as a payment network. They see it as a settlement network only.