<div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Rocco Laudadio</b> <span dir="ltr"><<a href="mailto:testing1567@gmail.com">testing1567@gmail.com</a>></span><br>Date: Mon, Aug 24, 2015 at 7:58 PM<br>Subject: Re: [lidmug] Long live bitcoin XT<br>To: The LidMug Mailing List <<a href="mailto:list_admin@lists.lidmug.net">list_admin@lists.lidmug.net</a>><br><br><br><p dir="ltr">I already switched over the node running on the LidMug server over to XT and several companies have released a public statement saying that they will support the larger block patch (called BIP101) by December. <a href="http://blog.blockchain.com/wp-content/uploads/2015/08/Industry-Block-Size-letter-All-Signed.pdf" target="_blank">http://blog.blockchain.com/wp-content/uploads/2015/08/Industry-Block-Size-letter-All-Signed.pdf</a></p>
<p dir="ltr">It is important to note that there are two different things being discussed here. There is Bitcoin-XT which is an alternative client that was created by someone who required a modified client for their startup business. (It has a couple extra query functions available in its API.) The other thing is BIP101. BIP stands for bitcoin improvement proposal. BIP101 is the proposal to increase the block size to 8mb and double it every 2 years to a max of 8gb in 2036. A change like this requires a hardfork in the blockchain. What that means is that new blocks under the new rules won't be backwards compatible with the old protocol rules. That creates a risk of there being two different blockchains depending on what version of the software you use. To mitigate this risk, BIP101 requires a trigger event before it switches to the new rules. It has the miners vote to turn BIP101 on by embedding a specific version number into the mined blocks. Once 75% of the last 1000 blocks have this version number, it will trigger a 2 week grace period countdown until the new rules take effect. If the trigger occurs before 2016, it will extend the grace period to January 1st 2016.</p>
<p dir="ltr">There have been several BIPs proposed to deal with the growing block size requirements, including one extremely conservative proposal to raise the block size to 2mb by 2020. All proposals have been rejected by the core developers and this has been a source of anger in the community. They are trying to promote a fee market where people will need to out bid each other to get their transactions mined into the limited 1mb space. As a result of this anger against the core developers, the creator of Bitcoin-XT decided to merge BIP101 into his code and release it, allowing people to run it and allowing miners to vote for the fork.</p>
<p dir="ltr">Currently, talking positively about the software fork is a banable offence on the /r/bitcoin subreddit and on the bitcointalk forums. Those are the two largest bitcoin communities and they are both operated by the same person. It is in full on censorship mode right now and the core devs are turning a blind eye to it. They see this as dangerous code and an attack on network consensus. A lot of people see running XT as a vote of no confidence against the core devs. </p>
<p dir="ltr">XT has some other semi controversial changes that have nothing to do with the block size. It has a peer priority list that allows the node to drop Tor clients in the event of a ddos attack on the node. It also will relay double spend attempts while the standard clients will reject the transaction. The reasoning for this is it flags the transaction as a double spend attempt when it relays it in the hopes that it will make you aware of the attempt to defraud you. In theory, wallet apps can leverage this and create a double spend attempt warning system, although none exist currently. With the standard method of just dropping the transaction, it is much harder to get a double spend to propagate through the network, but you won't know about the double spend until after it is mined into a block. The question is, what's better? Should the nodes attempt to block double spends based on trusting which ever transaction they see first, slowing there propagation down, or should they let them propagate, and attempt to get a warning out?</p>
<p dir="ltr">The creator of XT does have a big blocks only branch of his git hub which is essentially just the standard client with BIP101 merged, but he is not making binaries available. You need to compile it yourself. There are other people compiling binaries and hosting them though.</p><div class="HOEnZb"><div class="h5">
<div class="gmail_quote">On Aug 24, 2015 4:21 PM, "odinson VIA The LidMug Mailing List" <<a href="mailto:list_admin@lists.lidmug.net" target="_blank">list_admin@lists.lidmug.net</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><br>
Time to fork IMO. It's a human right.<br>
<br>
<a href="http://arstechnica.com/business/2015/08/op-ed-why-is-bitcoin-forking/" rel="noreferrer" target="_blank">http://arstechnica.com/business/2015/08/op-ed-why-is-bitcoin-forking/</a><br>
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This 'permission asking' is killing it. The community will choose wisely.<br>
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Matthew Newhall, <a href="mailto:M.A.Newhall@warcloud.net" target="_blank">M.A.Newhall@warcloud.net</a><br>
A.S. in Computer Science, SUNY Farmingdale<br>
President and founder of LILUG; <a href="mailto:president@lilug.org" target="_blank">president@lilug.org</a>, <a href="http://www.lilug.org" rel="noreferrer" target="_blank">http://www.lilug.org</a><br>
My theory; Psychopaths precede the conscience, <a href="http://civgene.matthewnewhall.com" rel="noreferrer" target="_blank">http://civgene.matthewnewhall.com</a><br>
My maker blog; "The modness", <a href="http://themodness.wordpress.com" rel="noreferrer" target="_blank">http://themodness.wordpress.com</a><br>
Scifi book; "Thicker Than Blood" <a href="http://www.thickerthanbloodthebook.com" rel="noreferrer" target="_blank">http://www.thickerthanbloodthebook.com</a><br>
Giselle's husband, Sebastian and Maxximus's father.<br>
<a href="http://www.warcloud.net/~odinson/us/" rel="noreferrer" target="_blank">http://www.warcloud.net/~odinson/us/</a><br>
You either let people defend themselves or you watch and control every aspect<br>
of their lives. With enough time and 'events', there is no middle ground.<br>
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