Archived Can someone please give me a rundown on this whole XT thing? (bitcoin)
submitted ago by InternetTuffGuy
Posted by: InternetTuffGuy
Posting time: 5.3 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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Archived Can someone please give me a rundown on this whole XT thing? (bitcoin)
submitted ago by InternetTuffGuy
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[–] stevenroose 0 points 6 points 6 points (+6|-0) ago
The two extreme opinions are the following:
People in favor of XT claim that the Core devs that are against BIP 101 (the Bitcoin Improvement Proposal that XT implements and supports 8MB - 8GB blocks up to 2036) are mainly Blockstream employees. Blockstream is the company that debuted sidestreams and are developing the Lightning network, a Bitcoin sidechain that will exist alongside Bitcoin and make faster and cheaper transactions possible.
People against XT claim that blocks as big as the ones BIP 101 introduces will make Bitcoin less decentralized because only big companies will be able to run full nodes. A number of exchanges and (primarily Chinese) mining pools expressed doubts of they would be able to keep up with the network if 8MB blocks (and even bigger ones over time) come up.
A lot of hard feelings and shouting from both ways. This is not a big problem an sich, since clashes of opinions are normal and will eventually be solved.
The only real bad thing happening right now is r/bitcoin being severely censored by their moderators. They will tell you XT is an altcoin and suddenly don't allow altcoin discussion on the sub. A massive amount of posts are being deleted and people are being banned. The r/bitcoin community is outraging against the mods and primarily theymos (the guy that also runs BitcoinTalk.org and never had much sympathy from the Bitcoin community. Mainly because he is sitting on a huge pile of donation money from the old days and refuses to invest it in improving the BitcoinTalk forum.)
[–] Brolo_El_Cunado 0 points 3 points 3 points (+3|-0) ago
Thank you, @stevenroose, that clears it up nicely!!