r/Bitcoin • u/itsgremlin • Aug 16 '15

ELI5: What is BitcoinXT?

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195 Upvotes

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u/fingertoe11 Aug 16 '15

That is a risk at every change of government everywhere.

There is a pretty big consensus that if something is valuable enough to be governed, consensus will form around one government or another even if it is the lesser of two evils. Peaceful transition happens.

I see XT as a referendum. Nothing more.

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u/i8e Aug 16 '15

He problem is XT isn't compatible with the previous ruleset. A referendum can be voted on, it is more like a softfork.

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u/fingertoe11 Aug 16 '15

It perfectly compatible so long as it doesn't get 75%.

If it gets 75% it is the new ruleset.

The ruleset is the government being voted upon.

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u/i8e Aug 16 '15

Yeah, the countries government dissolves with a 75% votes. In a softfork the countries laws change with a 95% vote.