bitcoin hong kong agreement

On February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points:We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit.The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB, and will only be adopted with broad support across the entire Bitcoin community.We will run a SegWit release in production by the time such a hard-fork is released in a version of Bitcoin Core.We will only run Bitcoin Core-compatible consensus systems, eventually containing both SegWit and the hard-fork, in production, for the foreseeable future.We are committed to scaling technologies which use block space more efficiently, such as Schnorr multisig.Based on the above points, the timeline will likely follow the below dates.SegWit is expected to be released in April 2016.The code for the hard-fork will therefore be available by July 2016.If there is strong community support, the hard-fork activation will likely happen around July 2017.The undersigned support this roadmap.Together, we are:Kevin PanManagerAntPoolAnatoly LegkodymovCEOA-XBTLarry SalibraBitcoin Association Hong KongLeonhard WeeseBitcoin Association Hong KongCory FieldsBitcoin Core ContributorJohnson LauBitcoin Core ContributorLuke DashjrBitcoin Core ContributorMatt CoralloBitcoin Core ContributorPeter ToddBitcoin Core ContributorKang XieBitcoin RoundtablePhil PotterChief Strategy OfficerBitfinexValery VavilovCEOBitFuryAlex PetrovCIOBitFuryJihan WuCo-CEOBitmainMicree ZhanCo-CEOBitmainJames HilliardPool/Farm AdminBitmainWarrantyYoshi GotoCEOBitmainWarrantyAlex ShultzCEOBIT-X ExchangeHan SoloCEOBlockcloudAdam BackPresidentBlockstreamBobby LeeCEOBTCCSamson MowCOOBTCCRobin YaoCTOBWObi NwosuManaging DirectorCoinfloorMark LambFounderCoinfloorWang ChunAdminF2PoolMarco StrengCEOGenesis MiningMarco KrohnCFOGenesis MiningOleksandr LutskevychCEOGHash.IO & CEX.IOWu GangCEOHaoBTCLeon LiCEOHuobiZhang JianVice PresidentHuobiEric LarchevêqueCEOLedgerJack LiaoCEOLIGHTNINGASIC & BitExchangeStar XuCEOOKCoinJack LiuHead of InternationalOKCoinGuy CoremCEOSpondoolies-TechPindar WongSponsor如果你想要读中文版,请点击这里。Share
As Segwit stalls while Bitcoin Unlimited sees increased adoption, it appears that the scalability debate may be returning once more with Gang Wu, HaoBTC’s CEO, a mining business that controls around 6.3% of bitcoin’s network, launching a scathing attack.litecoin future 2017According to a translation, he blames developers for tearing up the Hong Kong agreement to force segwit, he calls on miners to move to pools which “represent the long-term interest of bitcoin,” and even seemingly hoped for BTCC to be shut down by PBOC.bitcoin atm growthWu Developers and miners reached a Hong Kong consensus which clearly stated that segwit and a 2MB hardfork will both be deployed.ethereum studioDevelopers have unilaterally torn up the agreement to force the adoption of segwit.itunes bitcoin wallet
Certain pools do not cherish the obligations that come with hashpower and do not consider the benefits of bitcoin’s progress, even betrayed to force segwit.bitcoin mining co opMiners should choose pools that represent the long-term interest of bitcoin.bitcoin mit raspberry piWu further quoted Jihan Wu, Bitmain’s co-founder, currently the biggest miner with around 20% of the hashrate, who stated: “If only the PBOC inspection could end up with a certain dumb *** exchange that endorses segwit getting closed down.” He is probably referring to BTCC, which currently controls around 5.8% of the network and is mining segwit.bitcoin mining pool youtubePresumably, Wu is of the opinion that they are not standing by the Hong Kong consensus and, instead of demanding that agreement is upheld, have broken rank with other miners and adopted segwit.cara dapet bitcoin gratis
The Hong Kong agreement was reached at the height of the scalability debate when miners almost unanimously rejected Bitcoin Classic in favor of binding themselves to Bitcoin Core on the condition that a maxblocksize increase is merged in the Bitcoin Core client at or around the same time as segwit.bitcoin blackmail letterAlthough this agreement was signed by Gregory Maxwell’s employer, Adam Back, Maxwell rejected it, insulting all those attending, including a number of bitcoin core developers and most miners.This appears to have shelved the agreement, with a soft fork segwit proposed without any maxblocksize increase.The nature of the agreement, as it pertains to its legal standing, is not clear, but it appears miners, based on their behavior, feel bound by it, potentially raising questions on whether there was any secret agreement in the closed-door meeting where no journalists or independent observers attended.
In any event, the outcome of this breach, by whichever party, seems to be that of established miners neither upgrading to segwit nor adopting Bitcoin Unlimited.A risky strategy as new miners have now entered the scene to take advantage of the apparent inefficiency created by this agreement, quickly gaining currently around 20% of the network, with most calling Blockstream bluff and mining on Bitcoin Unlimited.A potential compromise would be on the basis of a maxblocksize increase to 4MB, which a scientific study has found to be safe, together with segwit as a hard fork, both deployed at the same time.This, however, appears to be unlikely for unclear reasons as a number of Blockstream employees, instead of suggesting any compromise or any solution on how bitcoin can now move forward, have puzzlingly stated that a non-upgrade to segwit would somehow show there is no need for increased capacity.On the other hand, Luke-Jr, a Blockstream contractor, has threatened a PoW hardfork, presumably with the backing of Blockstream, if the maxblocksize is increased.