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Bitcoin => Bitcoin Discussion => Topic started by: TheNewAnon135246 on January 15, 2016, 04:16:51 PM



Title: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: TheNewAnon135246 on January 15, 2016, 04:16:51 PM
Quote
All.


Maybe e-mail is not the best place to do this, but there aren’t many better choices that come to mind right now. Please feel free to quote me and forward this to anyone you see fit. You may even Post it on Reddit or other forums or simply ignore it.

To anyone reading this who was not on the original To: list. It simply means that you were not at the top of my inbox and nothing else. no one has been excluded on purpose at all.


We are clearly facing a crises like we have never faced before in the bitcoin echo-system. It appears to be completely caused by humans this time. It should be seen as a success issue, even if it’s not a nice problem to have.

Bitcoin is, as I hope you all agree, still very very small on the size of global acceptance. We have a long way to go before it actually realizes its true potential. I personally believe that bitcoin can become a great system for many things in the future. We may all have different ideas on where Bitcoin is going but I don’t believe for one second that anyone here will want it to stop and stay exactly where it is.

The issue is by doing nothing we are actually forcing it to stop growing and stay where it is.

We have on-boarded about as many users as we can. There simply is no space left to expand bitcoin. There are many competing ideas there are many smart people and possibly to many ideas. The fact remains the same:
Most of the latest development ideas coming out are not addressing our issues this time. So it will fall back on us to protect what we have built and let it expand into what we think it can become.

So I propose that we jump to 2mb in the Bitcoin classic idea. Not only will this allow us to expand bitcoin and on board more users, it will also show that:

· We will protect our investments and businesses.
· Sound economic rules govern bitcoin businesses and not just ideological ideas.
· Under pressure we can make tough decisions that are for the best of bitcoin and not for any one individual company.
· The ideas and fixes the development team produce need to be more influenced by the economic requirements we have, not just the technical ones.

Now for the other maybe good maybe bad things

· It will cause more rifts in the development teams.
· It will cause us all to go through the pain of a hard fork.

The lists above are not meant to be extensive or exhaustive and there are many that can be added to either side, but the main point is this: It’s no longer really a choice to simply stand still and wait for others to fix this problem.

I propose that we all simply stand up and stand behind bitcoin. Allow it to grow more in the simplest way possible, and I can’t emphasize enough how important simple is to this process. Humans are making this complex we don’t need technology to make it more complex.

So with the above said: We will be changing our code to run 2mb bitcoin classic ASAP, please join me in changing your code to run the same or public show your support.


Thanks,
Sam

Med vänlig hälsning | Best regards
Sam Cole


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Lauda on January 15, 2016, 04:20:24 PM
Quote
echo-system
Illuminati confirmed. The most scary thing here is that I've thought it was a ecosystem this whole time!


Where did you acquire this email from? I want to see the original as evidence not a quote.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: TheNewAnon135246 on January 15, 2016, 04:21:43 PM
Quote
echo-system
Illuminati confirmed. The most scary thing here is that I've thought it was a ecosystem this whole time!


Where did you acquire this email from? I want to see the original as evidence not a quote.

Sorry, forgot to add the source: https://forum.bitcoin.com/topic4868.html

EDIT: Nothing on the KNC website or anywhere else. Maybe it's old, related to this: https://bitcoinxt.software/industry-letter.pdf

Can't recall reading an open letter from him before.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: mammon on January 15, 2016, 04:28:45 PM
1mb, 2mb, 4mb blocks? It's all a laugh!

The capacity of a floppy in one Block, well bright boys that's the future ;)


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: TheNewAnon135246 on January 15, 2016, 04:30:35 PM
1mb, 2mb, 4mb blocks? It's all a laugh!

The capacity of a floppy in one Block, well bright boys that's the future ;)

Maybe raising it slowly is easier to implement and causes less disturbances instead of raising it all at once....


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Lauda on January 15, 2016, 04:33:14 PM
IMO Ver is very suspicious. Let's not forget the time that he was betting on Mt.Gox solvency. In addition to trying to get as much traffic to his website as possible (even spam advertising here) he's trying to make a push to whatever "implementation" possible (as long as it is not Core). I'm not going to trust this letter unless there is a official statement on the website or somewhere aside of a forum. Even if this is authentic it doesn't matter much. Just because he's the CEO of KNC Miner that does not mean that he knows anything related to the block size problem.

Quote from: TheNewAnon135246
Maybe raising it slowly is easier to implement and causes less disturbances instead of raising it all at once....
Bump to 1.5MB and SegWit? Why not.

1mb, 2mb, 4mb blocks? It's all a laugh!
The capacity of a floppy in one Block, well bright boys that's the future ;)
Illusion of knowledge, as present among many members here and on reddit, is our main enemy (that's being exploited by charlatans).


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: mammon on January 15, 2016, 04:36:24 PM
No, realism is far away by a lot of people here.

1mb = 1mb, you cannot put more data in it, impossible.
That's what I call ignorant!



Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: pedrog on January 15, 2016, 04:37:28 PM
Interesting stuff, lets see how it develops...

Any attempt of dissent has meet incredible resistance till now, maybe if more miners get on board we will see some progress.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: forevernoob on January 15, 2016, 05:13:34 PM
Ok that's weird. I thought this guy was postive toward seg wit and core's scaling solutions.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: xhomerx10 on January 15, 2016, 05:17:03 PM
It's rather odd that this isn't posted on KNCs website.  If Sam Cole were serious about it, why would he not advertise this on his mining website?  My bet is on hoax.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: pedrog on January 15, 2016, 05:20:52 PM
It's rather odd that this isn't posted on KNCs website.  If Sam Cole were serious about it, why would he not advertise this on his mining website?  My bet is on hoax.


Dissent is met with great DoS, one must be very careful...


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: LiteCoinGuy on January 15, 2016, 07:46:17 PM
if the Core devs would just make a compromise to 2 MB they would kill all discussions at once.... ::)


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: spazzdla on January 15, 2016, 08:13:57 PM
Might as well go for 2mB until someone can figure out how to get more tx/s without taking up so much space.  Sidechains, etc, who knows.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: agath on January 15, 2016, 08:22:03 PM
Bitcoin core = altcoin. Soon.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Dusty on January 15, 2016, 08:25:14 PM
Bitcoin core = altcoin. Soon.
+1


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Alley on January 15, 2016, 08:28:29 PM
Can we talk about bitcoin classic here or will we get banned?


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: RustyNoman on January 15, 2016, 09:32:32 PM
Can we talk about bitcoin classic here or will we get banned?

It is quite urgent to expand the block size now. Without it, there is not much use of bitcoin. Blockstream will not come online next month.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Zarathustra on January 15, 2016, 10:14:45 PM
Bitcoin core = altcoin. Soon.

Very soon:

https://www.reddit.com/r/btc/comments/4147zs/bitfurygroup_is_ready_to_move_forward_and_support/
https://www.reddit.com/r/btc/comments/413w2s/check_out_bitcoinclassics_miners_support_list_now/


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Erkallys on January 15, 2016, 10:17:17 PM
Can we talk about bitcoin classic here or will we get banned?

It is quite urgent to expand the block size now. Without it, there is not much use of bitcoin. Blockstream will not come online next month.

What is this blockstream ? Is it another "concept" (another secession in fact), like Bitcoin XT or Bitcoin Classic ?


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: spiderbrain on January 15, 2016, 10:47:52 PM
if the Core devs would just make a compromise to 2 MB they would kill all discussions at once.... ::)
Hell Yeah.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Bobsurplus on January 15, 2016, 10:50:25 PM
Now even Sam Cole is grabbing at anything to try and save his investments.
lol
Bitcoin to sub 300.
You have all been warned.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Amph on January 16, 2016, 07:50:22 AM
Bitcoin core = altcoin. Soon.

Very soon:

https://www.reddit.com/r/btc/comments/4147zs/bitfurygroup_is_ready_to_move_forward_and_support/
https://www.reddit.com/r/btc/comments/413w2s/check_out_bitcoinclassics_miners_support_list_now/

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: eternalgloom on January 16, 2016, 07:56:24 AM
Bitcoin core = altcoin. Soon.

Very soon:

https://www.reddit.com/r/btc/comments/4147zs/bitfurygroup_is_ready_to_move_forward_and_support/
https://www.reddit.com/r/btc/comments/413w2s/check_out_bitcoinclassics_miners_support_list_now/

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

So what is actually stopping this from happening? What are the possible downsides of increasing the block size to 2mb?


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Lauda on January 16, 2016, 09:49:55 AM
So what is actually stopping this from happening? What are the possible downsides of increasing the block size to 2mb?
Because this "solution" is redundant. SegWit has the same affect in addition to having many more other benefits. Classic is just another attempt at taking over the system.
Quote
Bitcoin Classic is using concerning tactics to overtake Core. jtoomim is willing to have consensus threshold be as low as 60% for hard fork. This could lead to dangerous forking situations.
This guy is starting to look like Hearn 2.0, aside from having even less skills. A 60% hard fork would split the network in 2 and possibly cause unrepairable damage. Let's not forget this "survey" (https://docs.google.com/spreadsheets/d/1Cg9Qo9Vl5PdJYD4EiHnIGMV3G48pWmcWI3NFoKKfIzU/edit?pref=2&pli=1#gid=0) the was done, implying that this was possibly planned before.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Carlton Banks on January 16, 2016, 12:19:18 PM
Lol Sam won't be mining any of my transactions on a "classic" chain. The only classical aspect are Andresen and Garzik's adherence to the present line of the socialist/corporatist agenda (while cynically wearing the rhetorical skins of butchered liberal/libertarians). Next Jeff's going to be telling us he's a classical liberal


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: notbatman on January 16, 2016, 01:29:53 PM
The sooner this douchebag and his scam company exits stage left the better. Don't the door hit your ass on the way out!


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: n2004al on January 16, 2016, 01:49:13 PM
If it would be so easy to make choices or to adapt those, today wouldn't be all this forum full of threads about the "dead" of bitcoin or about the difficulties it are suffering. Who have read what has written Mike Hearn can be understand easily that the changes are very difficult to be made. The divergences within the team of core developers are not only their divergences but the the divergences between large masses of peoples who believe on one or the another option. And to many time act like fanatics and not like human kinds who have brain to think, to hear, to judge and to respect the freedom of everyone who think differently. As for me the team are suffering the wrong choice made by Gavin Andresen to not accept or play the role of leader within the team after having the trust of Satoshi and having from it the source code repository and the network alert key. The given of those data to the other developers of the core team made impossible to make decisions in critic situation like is the actual one. Everyone can imagine himself as a leader within a team having everything they have. It will be repeated again and again if will not be one in charge to have the right to tell the last word.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: RustyNoman on January 20, 2016, 03:38:50 PM
Bitcoin core = altcoin. Soon.

Very soon:

https://www.reddit.com/r/btc/comments/4147zs/bitfurygroup_is_ready_to_move_forward_and_support/
https://www.reddit.com/r/btc/comments/413w2s/check_out_bitcoinclassics_miners_support_list_now/

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

If the BitcoinClassic increase the block size to 2MB and supported by most miners, bitcoin Core does not increase the block size. There will two groups of miners, most will support Classic so Core will be altcoin.


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: Amph on January 20, 2016, 03:46:10 PM
Bitcoin core = altcoin. Soon.

Very soon:

https://www.reddit.com/r/btc/comments/4147zs/bitfurygroup_is_ready_to_move_forward_and_support/
https://www.reddit.com/r/btc/comments/413w2s/check_out_bitcoinclassics_miners_support_list_now/

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

If the BitcoinClassic increase the block size to 2MB and supported by most miners, bitcoin Core does not increase the block size. There will two groups of miners, most will support Classic so Core will be altcoin.

from where you've gathered the info that core is not going to increase the block at leats indirectly to 2mb? they are doing it in different way with segwit

i still want them to increase it directly though, but whatever, they need to hurry at this point


Title: Re: An Open Letter from Sam Cole (CEO of KNC Miner)
Post by: RustyNoman on January 21, 2016, 08:14:55 AM
Bitcoin core = altcoin. Soon.

Very soon:

https://www.reddit.com/r/btc/comments/4147zs/bitfurygroup_is_ready_to_move_forward_and_support/
https://www.reddit.com/r/btc/comments/413w2s/check_out_bitcoinclassics_miners_support_list_now/

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

If the BitcoinClassic increase the block size to 2MB and supported by most miners, bitcoin Core does not increase the block size. There will two groups of miners, most will support Classic so Core will be altcoin.

from where you've gathered the info that core is not going to increase the block at leats indirectly to 2mb?, they are doing it in different way with segwit

i still want them to increase it directly though, but whatever, they need to hurry at this point

I have the impression that Classic will implement the 2MB in March and Core will do it slowly, maybe in April. The segwit is more complex, needs more testing.