8

The problem arises from the uneven propagation of information in the network. While the propagation of small blocks is fast, i.e., every miner gets to know a new block approximately at the same time, this is no longer true for large blocks. Large blocks take a lot of time to be forwarded to every node in the network, since this includes miners, these miners ...


6

there is indeed speculation that only a few people are running the majority of classic nodes via aws or similiar services. a user on reddit claimed to host 800 vps classic nodes alone on aws, see https://www.reddit.com/r/btc/comments/4aka3f/over_3000_classic_nodes/d113ffi the comment is two months old and announced that those crowdfunded nodes will go ...


5

Buying advice is not appropriate for this website. Actually the fork has become quite UNlikely. It was only a loud and ignorant minority threatening one. This has been cleared up and re-established at the round table talks: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.paosf94p3 Judging by the spike in price after that ...


3

Bitcoin Cash is an altcoin, i.e. a Bitcoin-like protocol and network that originated from hardforking Bitcoin chainstate. Bitcoin Classic was first a hardfork proposal and then an alternative implementation of first the Bitcoin protocol, then the Bitcoin Cash protocol. Originally, Bitcoin Classic was a hardfork proposal that advocated for a blocksize ...


2

No, nodes and miners are separate entities performing different functions in the network. The miners create the blockchain, which requires specialized hardware that performs hashing. The hardware is acquired through a significant investment. Nodes are relay points in the network that verify, maintain and distribute the blockchain. They require (by ...


2

I assumed so myself since the alternatives were not in a mature stage (technically and/or socially accepted) when 21 released their computer. However, in their tutorial they do say that you will have a Bitcoin Core full node running at the end.


2

Bitcoin XT versions 0.11A through 0.11D supported the withdrawn BIP101, which set version = 0x20000007 as a best-guess nod toward the developing versionbits standard, while trying to maximize backward compatibility with the ways nodes might check for compatible versions. Bitcoin XT version 0.11E supports BIP109, identical to Bitcoin Classic.


2

According to https://bitcoinclassic.com/ there are no additional patches except the blocksize increase yet. It starts as a one-feature patch to bitcoin-core that increases the blocksize limit to 2 MB. We will have ports for master and 0.11.2, so that miners and businesses can upgrade to 2 MB blocks from any recent bitcoin software version they run. In ...


2

It seems obvious that you could just send some coin to the receiving address in the coinbase transaction, but usually, that address is for a large group of people. For pools that payout via the generation transaction (cf. this one), it is not one address "for a large group of people," so you could not "send some coin to the receiving address" because there'...


1

There are many different wishes to what should go into classic, but I strongly believe that they will keep the promise given at https://bitcoinclassic.com/ - to only include the patch allowing for 2 MB blocks (BIP-102, possibly with some tweaking) - otherwise it will be very hard to get the required adoption. On the longer term (after we have successfully ...


1

Ah, not surprisingly, it's in the block's "version" field. It looks like core blocks are versioned as "v4", while "classic" blocks are versioned as "v805306368" and "BIP109".


1

Since Bitcoin Classic is a fork of Bitcoin Core, this should indeed be possible. The problem though is that, should Bitcoin Classic switch to larger blocks and Bitcoin Core stick with small blocks then it will not be possible to switch back without Bitcoin Core downloading the whole chain again. But in that case we are quite in trouble anyway :-)


1

If there's a fork, the price of each coin on the less popular chain will be less than the price of the coin before the fork. So whatever you "gain" by selling the less popular coin, you lose by depreciation of the coin you keep. You can't arbitrage this into free, guaranteed profit.


Only top voted, non community-wiki answers of a minimum length are eligible