The Hardfork Newsticker: 16 Canadian Bitcoin companies vehemently against Unlimited-Fork
Because so much happens, but the topic should not take over here, I put all the ongoing little news about Hardfork and Unlimited in a news sticker post. Notes on news, corrections and additions are welcome!
++ 28. March. 16 Canadian Bitcoin companies: are against Bitcoin Unlimited and will see it as an old coin after a hard fork ++
16 Bitcoin companies from Canada have decided in a public statement against a hardfork. The stock exchanges, brokers, payment services and service providers “represent the Canadian users, investors and retailers who work with the Bitcoin network every day.“The companies support Segwit as a protocol upgrade and short-term increase in capacity. A “hardfork, as is seriously considered by Bitcoin Unlimited and Bitcoin Classic,” they reject. This would massively disrupt the company and make irreparable damage to Bitcoin and the business.
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Each hardfork from Bitcoin that has no consensus will therefore consider companies as an altcoin – regardless of the Hashrate that this fork sütz. The Canadian companies not only consider the Hardfork, but Bitcoin Unlimited to be such a dangerous concept that they sometimes announce that they will not integrate or act a Bitcoin Unlimited Coin in products.
The conditions that the Canadian “economic Bitcoin nodes” put on a hardfork with consensus are high. Developers, miners, nodes, explorers, exchanges all have to agree as well as unanimous and actively. Any abstention of a voice is to be regarded as an opposition.
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++ 27. March: Rick Falkving, Slush, Eric Vorhees: The core of the matter? ++
A tweet conversation by Rick Falkving, the founder of the Swedish Pirate Party, Slush, the founder of Slush Pool, and Eric Vorhees, the founder of Shapeshift, may be quite close to the core of the matter-on the basis of why it is so difficult to agree on.
Rick Falkving: “Bitcoin has achieved a mach-or-die-die-die phase. Either we go back to transaction fees of less than a cent and immediate, sufficient, sufficient transactions […] or the market leaves Bitcoin.”
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Slush: “This is wrong for so many reasons … Bitcoin was never made to be a micro-payment solution. Stay calm and #segwit “.
Eric Vorhees: “@Slushcz The problem is that the definition of ‘micro’ is constantly increasing. Other chains / coins will fill the gap, no matter how big it will be.”
++25.March. F2Pool: “There will be no fork”. Server update for Segwit? ++
Wang Chun from F2Pool tweeted again. After criticizing the developers at the weekend, he now explains that Bitcoin cannot fork and will not fork. Perhaps it is even more frequent that it announces that the operating system of the server is upgraded. Because this was prevented from signaling the willingness for Segwit.
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++ F2POOL: “There are no malicious miners, only hauded developers” ++
With around 10 percent of the Hashrates, F2Pool (Discusfish) is one of the world’s largest mining pools. So far, F2Pool neither signaled for unlimited nor for Segwit. Now Wang Chun, head of F2Pool, is making a comment on the situation. And he tweets “There are no malicious miners, but only having a high -bodied developer.”In the tweet, he attaches a screenshot from the Bitcoin Developers Mailing List, in which the developers discuss how they can” protect Bitcoin from malicious miners “.
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Chun says the miners would protect Bitcoin from malicious developers. “It’s not an attack”. Asked what developers he mean, wang Chun: “The developers who do not admit that the blocks are full and claim that 300 kilobytes are enough”. He thus alludes to Luke-Jr’s Hardfork proposal, which was also acted in response to Hong Kong’s consensus and should not increase the blocksize, but should initially lower to 300 kilobytes, in order to then increase it successively again.
++ Participate: Survey which solutions would be acceptable for you ++
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Could be that this survey is constructive. She does not ask what you want, but what would be acceptable for you. Which result of the whole drama would be for you, we say at the end of 2017, “OK”? So so acceptable or acceptable that you would go along? And what would you drive you to the barricades?
Participate in our survey
++ Infinity patch: Bitcoin Core with 32MB Blocksize Limit ++
After there were some bugs in Bitcoin Unlimited, many are currently afraid that Bitcoin Unlimited developers are unable to ensure security that is necessary for a Bitcoin client. The infinity patch now allows you to take part in the energy consensus without using Bitcoin Unlimited. The patch removes the blocksize limit from Bitcoin Core, so that only the message limit of 32 MB applies. In the case of a fork, this client will only follow the longest hashrate. So the miners. The patch is available for Core 0.12.1, 0.13.2 and 0.14. From version 0.13.2 The Infinity Patch is the only software that allows both larger blocks and Segwit.
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The developer explains who the patch is useful for. For Core User to manage the coins on Bitcoin Unlimited Chain in the event of a fork, without foregoing the quality of the core software. For unlimited users if you want both Segwit and larger blocks, but do not want to wear the risks of Bitcoin Unlimited specific settings.
However, the developer also warns that the Infinity Patch is only intended for users who really know what they are doing. He cannot guarantee that there are risks, for example in the processing of SIG-OPS that could lead to an unintentional fork. According to the discussions, the developer Bitcoin Unlimited does not even like, but only thinks that such a patch can be useful.
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++ Bitgo: Every hardfork that is not a wide support is treated as an altcoin ++
BITGO is a multi-size wallet provider that is mainly used by stock exchanges and Bitcoin companies. For example, Bitstamp, Kraken and Bitfinex work with Bitgos Wallets. It can be assumed that a large part of all multinig transactions runs via Bitgo. Yesterday the company gave a statement to the Hardfork. Bitgo will see every hardfork “which is activated in the industry without a wide consensus and therefore split the network” as an altcoin and not as a bitcoin. Regardless of the Coins hashrate.
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However, Bitgo also announces that you will process such a coin with your wallets when there is a need and if some conditions are met for a safe fork: First, there should be a clear onchain mechanism, such as a block height to activate the hardfork, as well as a grace period in which companies can prepare. Second, the fork must implement strong protection against replay attacks. And thirdly, the forcing chain must ensure that it will not be repaid by a reorg of the blockchain later.
Bitgo does not currently see these conditions at Bitcoin Unlimited. However, if the Bitcoin Unlimited developer adapt their fork, you will be happy to rethink this position.
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++ 1Broker: “We will choose a version of Bitcoin” ++
The marketplace for CFDS, 1Broker, has now also commented on potential Bitcoin Unlimited Hardfork. The platform announces that you are currently stopping all deposits and withdrawals and reconnecting all positions on the Bitcoin course. Since 1Broker only supports a cryptocurrency, “we have to decide which.“After at least two days, but after 3 weeks at the latest, 1Broker will announce the decision. “It is based on economic factors such as market capitalization, community support and actions by other companies.”
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1Broker does not refer to a hardfork as an attack, but as a change in the consensus rules, which has become extremely controversial because of the intermediate of the community. From the mines, 1Broker expects to act responsibly: “For Bitcoin’s well -being, we hope that the Bitcoin Unlimited Mining Pools will announce at least one date if they try to activate a hardfork.“You can only agree with that.
++ Electrum developer Thomas Voegtlin: For Segwit and against a Bitcoin Unlimited Hardfork ++
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Thomas Voegtlin, leading developer of the popular Wallet Electrum, commented on the documentation from Electrum to the Hardfork. He would have to support Segwit and be against a Hardfork of miners that is initiated by Bitcoin Unlimited. However, he thinks that Electrum users have freedom to decide whether they want to use Bitcoin Core or Bu. Voegtlin estimates the likelihood of an Unlimited Hardfork, but still explains how to split the coins with Electrum.
Because much for the dissatisfaction of Voegtlin, all electrum clients always choose a server that offers the longest blockchain. And this would be Bitcoin Unlimited in the event of a hardfork. In order to prevent the Unlimited Fork, Voegtlin recommends that the automatic connection to a server and to connect to servers that continue to provide the core blockchain. Further instructions on the coin split can be found in the documentary from Electrum.
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++ Chinese companies explain Hardfork Policy ++
Several Chinese companies have officially explained how they will deal with a possible hardfork. The Okcoin stock exchange announced that they support both chains, while Bixing (Haobtc) and the Yunbi stock exchange will only follow the longest blockchain, provided that this has 90 percent of the hashrate.
Here you can find out more
++ Circle calls on customers to exchange bitcoins in Fiat in the event of a Hardfork Bitoins ++
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In an e-May Mai to customers, the online wallet circle has communicated its plan for a hardfork. The service can be interrupted for a certain time if there is a hardfork. The option to exchange bitcoins for fiat currencies can also be affected. The only way to “avoid negative consequences from the Bitcoin Fork is not to keep Bitcoin,” writes Circle, and recommends changing customers to dollars, pounds or euros.
Read more? Here’s it for a long time.
++ Hundreds of Bitcoin Unlimited Nodes shut down again ++
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For example, the same bug as a few days ago, only elsewhere, made sure that hundreds of Bitcoin Unlimited Nodes were down. The reason was again a code section with “Assert” that triggered the shutdown in connection with Bitcoin Unlited’s Xtreme Thin Blocks. A patch was written and published quickly. Unlike the last hotfix, the Unlimited developers have now published the patch in the private repository for the time being, so that only when the most important nodes of Unlimited have an update, the patch and the bug are released. Unlimited brought the criticism of being no longer open source.
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++ Chinese Miner Chandler Guo explains to switch to Bitcoin Unlimited ++
CHandler Guo announced on Twitter yesterday to switch to Bitcoin Unlimited. Chandler Guo is a relatively prominent miner in the Chinese Bitcoin scene. But it is not entirely clear what influence he has on how many mining power.
++ Bitcoinunlimited.Info reachable again ++
After she was not available for a few days due to a DOS attack, Bitcoin Unlimited, Bitcoinunlimited, Bitcoin Unlimited.ino, yesterday again online.
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