12 Bitcoin Classic blocks (out of the last 1000) mined!

[arnoudk]

There is good progress. There are now 12 classic blocks mined, out of the last 1000. The earlier ones that were mined, are now further down in the blockchain and no longer count towards the trigger for 2 MB blocks.


(hope the images work! Otherwise just look at nodecounter.com and send me a PM.)

There is 1.2% support for Classic, while 75% is needed. So a lot of progress must still be made.

I believe that if miners see that other miners are successfully mining Classic blocks they will eventually join. They don't want to be seen as 'the reason bitcoin did not scale'.

Imagine going into the history books as 'we had this great digital currency that was changing the world for the better, but because of the INACTION of Mr. X - it could not scale and was forgotten about.

Who do you think wants to be that Mr. X?

[iFixBTCmemoryIssues]

There is good progress. There are now 12 classic blocks mined, out of the last 1000. The earlier ones that were mined, are now further down in the blockchain and no longer count towards the trigger for 2 MB blocks.


(hope the images work! Otherwise just look at nodecounter.com and send me a PM.)

There is 1.2% support for Classic, while 75% is needed. So a lot of progress must still be made.

I believe that if miners see that other miners are successfully mining Classic blocks they will eventually join. They don't want to be seen as 'the reason bitcoin did not scale'.

Imagine going into the history books as 'we had this great digital currency that was changing the world for the better, but because of the INACTION of Mr. X - it could not scale and was forgotten about.

Who do you think wants to be that Mr. X?

The images load

0.5% yesterday, 1.2% today - that is a 120% gain thus far. Keep moving forward like that each day and 75% will be reached in a short time.

[TsonicTsunami]

I believe that if miners see that other miners are successfully mining Classic blocks they will eventually join. They don't want to be seen as 'the reason bitcoin did not scale'.

Imagine going into the history books as 'we had this great digital currency that was changing the world for the better, but because of the INACTION of Mr. X - it could not scale and was forgotten about.

Miners could give a rats ass how they are perceived or "seen". Miners mine blocks and secure the chain for one reason .... MONEY! NO MONEY, NO MINING.

Bitcoin classic is a direct threat to mining profits and an attack on the Bitcoin network. This matter has been settled in Hong Kong, there is overwhelming consensus and agreement of over 80% of the network hashing power. Classic just as XT before it is heading to the altcoin ash heap.
There will be many applications built upon the Bitcoin protocol the will enable scaling. There is no emergency and no need to rush development without thorough testing.

[arnoudk]

I respectfully disagree.

Bitcoin Classic is not a threat to mining profits. It allows bitcoin to process more transactions, thus more transaction fees can be charged. If blocks do not scale, and miners want to earn 25 btc as they do now after the block reward halving, assuming there are 2500 transactions per block (seems quite accurate without scaling), you are looking at 0.005 btc per transaction. That is 2.12 USD per transaction. This is what you are advocating if you claim that bitcoin cannot scale to keep miners profit in tact.

If you are claiming that lightning network will pay those fees: 1. LN is not ready for production. 2. Users will have to pay the fees for the LN nodes, and from those fees the 2.12 USD per tx will have to be paid to the miners. So fees would have to increase many fold for this to work

Miners have stated many times that they want to scale. They just want core to implement it. They understand that they need more on chain transactions to generate additional income.

About consensus: there is no consensus. At best some miners signed a vague and non binding letter of intent with so many loopholes to get out of it, it carries no weight. There are already many prominent people stating that they will not honor the "consensus".

Classic is not and cannot be an alt coin. Are you really still sprouting that lie that has been debunked a million times? It is no not an alt coin because (1) it uses the same genesis block as bitcoin. (2) it will only activate if a majority vote for the change. If the majority change, then that becomes bitcoin. No change can happen without this consensus so it is blatantly false to call classic an alt.

There is an emergency as blocks are full. Transactions are delayed. You are either dishonest in your communication or ignorant of the facts to claim there is no emergency.

There has been thorough testing on classic. It is also dishonest to claim this has not happened. 2 mb is extremely conservative and is well within all the margins

So thank you for your post full of lies and misinformation. It was great. We should do it again sometime.

[rogerver]

Bitcoin classic is a direct threat to mining profits and an attack on the Bitcoin network. This matter has been settled in Hong Kong, there is overwhelming consensus and agreement of over 80% of the network hashing power. Classic just as XT before it is heading to the altcoin ash heap.
There will be many applications built upon the Bitcoin protocol the will enable scaling. There is no emergency and no need to rush development without thorough testing.

Your comments are wrong on so many levels.
1. Miners stand to make much more money in the long run with classic. Bitcoins will be worth much more with a larger user base, than with the smaller one that Core is restricting us to currently.

2. Classic can implement many of the same scaling technologies that Core advocates.

3. There absolutely is an Emergency! Take a look at this chart. The bitcoin block size has been increasing at about the rate of 2.5 times every year for the past few years. I expect that rate of growth to stay the same, or even increase. If that is the case, the 50% gain provided by Segwit is likely to only be able to cary us through to June of this year. An immediate block size increase is needed ASAP.

[TsonicTsunami]

Okay great, time is the true test of any statement, I stand by every word I wrote.

[arnoudk]

Okay great, time is the true test of any statement, I stand by every word I wrote.

I don't get it. Are you sticking to provably false statements with an almost religious type mindset? It seems you are ignoring facts based on beliefs. It should not be a matter of choosing sides but a matter of pursuing the best course of action.

Time will not tell who was right, because what I advocate and the opposite of what I advocate will not both simultaneously happen. Thus we cannot compare the outcome objectively and determine "who was right".

For everyone else: these two positions are not equal. One is based on reason and evidence, and the other one is a belief. You decide which one to accept.

[Chris]

23 classic blocks 1200+ nodes

[iFixBTCmemoryIssues]

23 classic blocks 1200+ nodes