BIP101 has activated on the testnet

[Georg Engelmann]

Today the testnet has mined the first block bigger than 1 megabyte (block 584265; 1,109,130 bytes)

 

[Bagatell]

And the world didn't end

 

[solex]

Deactivated now, because someone is testing CLTV as version 4 and have not made it compatible with the BIP101 version.

Kudos to J Toomin for setting the precedent.

 

[Farhad]

To what extent do you think the anticipation of the hard-fork (insider knowledge) accounts for the sharp decline?

 

[solex]

@Farhad

I think the sharp decline was simply a normal market retracement after a period of irrational exuberance. I don't think the market cares about hard forks per se, they are always an inherent risk. It mainly cares about whether Bitcoin will have serious future value. The block limit is one thing which can cripple future value, but the market seems to have decided that the block limit will be resolved long-term and probably the two scaling conferences are enough to satisfy the market that "something" will be done.