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Bitcoin => Bitcoin Discussion => Topic started by: marky89 on August 24, 2016, 08:12:40 PM



Title: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: marky89 on August 24, 2016, 08:12:40 PM
Days after Segwit code is released in Bitcoin Core 0.13.0, Gavin Andresen is back doing the rounds arguing for bigger blocks. Anyone smell another coup attempt brewing here? I suppose we all should have seen this coming.

Quote
Bitcoin is at serious risk of becoming the MySpace of cryptocurrency because it is failing to scale.
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u5mpt

Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.

Quote
I HAVE done the research, your connection sucks compared to most of the rest of the world-- but why should the rest of the network be crippled because you have an irrational desire to validate every single Bitcoin transaction?
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u0grb

This guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.

And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Redrose on August 24, 2016, 09:32:53 PM
Frankly, I don't see how the hell he may find an alternative to the full nodes system validating all the transactions. How would be the chosen the good and the bad ones ?


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: calkob on August 24, 2016, 09:39:34 PM
Fully agree, well said....... ;)


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: richardsNY on August 24, 2016, 09:48:25 PM
Frankly, I don't see how the hell he may find an alternative to the full nodes system validating all the transactions. How would be the chosen the good and the bad ones ?

Because there is no better solution than the nodes we have now. I see a node as some sort of vote. With that "vote" I can show everyone else what client I am supporting, and so can other people. I have 2 nodes running on VPS'es, and will continue to do so. Other than that, I block/ban nodes being from the other "parties" such as classic.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Snorek on August 24, 2016, 10:02:34 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Sir Alpha_goy on August 24, 2016, 10:30:56 PM
Days after Segwit code is released in Bitcoin Core 0.13.0, Gavin Andresen is back doing the rounds arguing for bigger blocks. Anyone smell another coup attempt brewing here? I suppose we all should have seen this coming.

Quote
Bitcoin is at serious risk of becoming the MySpace of cryptocurrency because it is failing to scale.
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u5mpt

Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.

Quote
I HAVE done the research, your connection sucks compared to most of the rest of the world-- but why should the rest of the network be crippled because you have an irrational desire to validate every single Bitcoin transaction?
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u0grb

This guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.

And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.

And expect another round of altcoin pumping as the ecosystem becomes just like Wall St. with all the fake news and fake infighting to back the price fluctuations.

 ::)

MySpace indeed.

The whole thing.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Sir Alpha_goy on August 24, 2016, 10:33:02 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?

Like cars, ships were also designed to fail.

This one looks like an infant engineered it.

They say usually smart money leaves first.

The rest struggle to find life boats.

Land HO!!!!!!!!!!!!


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Doamader on August 24, 2016, 10:34:16 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?

This isnt the first time the core of bitcoin developement hasnt agree, we had already  a problem with them, and who paid the bill were bitcoin, because people need stabillity, if Gavin doesnt like the way bitcoin is advancing just left the project, making a thread saying it will end as myspace or anything else looks like a child crying because they arent supporting him.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Sir Alpha_goy on August 24, 2016, 10:43:06 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?

This isnt the first time the core of bitcoin developement hasnt agree, we had already  a problem with them, and who paid the bill were bitcoin, because people need stabillity, if Gavin doesnt like the way bitcoin is advancing just left the project, making a thread saying it will end as myspace or anything else looks like a child crying because they arent supporting him.

I bet Myspace thought the same thing when facebook came out....

Sad thing is that the whole Bitcoin ecosystem is about to become Myspace.

It won't be anything inside that breaks it though.



Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: beastmodeBiscuitGravy on August 24, 2016, 11:42:39 PM
Satoshi expected the block size to be limited to 1MB for all time, that's why it is a consensus rule. It couldn't be changed even if Gregory wanted it to.

What does this mean for us?

Well, as the throughput of Bitcoin is about on par with a medium sized shopping centre... demand for the use of cryptocurrency will spread to other networks, like Monero (XMR), which has an adaptive blocksize.

In a sense, satoshi was brilliant to set 1MB in stone to encourage increased demand to move to other networks. It widens the attack surface, and now we will be decentralized because if Bitcoin remains fairly irrelevant due to its crippled capacity, thousands of other networks will rise to take its place.

Incredible guy, that satoshi, sacrificing his own potential personal wealth to keep our rasb pi nodes on costa rican dialup safe n sound.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: marky89 on August 25, 2016, 12:27:20 AM
Well, as the throughput of Bitcoin is about on par with a medium sized shopping centre...

Both bandwidth and non-bandwidth scaling mechanisms are in the works. Schnorr signatures will significantly reduce signature size, increasing capacity. Once Segwit takes care of malleability, Lightning will move some onchain throughput into offchain smart contracts. There are other possibilities, like batch validation and MAST to further optimize transaction/contract size, further increasing capacity. Segwit itself will also increase the block size. Weak blocks will help to reduce the externalities posed by increased throughput on the system.

Why do we need to break consensus, again?


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Wind_FURY on August 25, 2016, 12:37:37 AM
I think Gavin does not need a blockchain for his idea of a payment platform. Maybe what he needs really is a database? Or some sort of private blockchain where he can do whatever he wants in it. But that defeats the purpose of why a blockchain is a "blockchain".

Anyhow maybe bitcoin is not where he is supposed to be and maybe he will fit right in with other development teams like the one in Ripple.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: geofflosophy on August 25, 2016, 12:39:07 AM
Well, as the throughput of Bitcoin is about on par with a medium sized shopping centre...

Both bandwidth and non-bandwidth scaling mechanisms are in the works. Schnorr signatures will significantly reduce signature size, increasing capacity. Once Segwit takes care of malleability, Lightning will move some onchain throughput into offchain smart contracts. There are other possibilities, like batch validation and MAST to further optimize transaction/contract size, further increasing capacity. Segwit itself will also increase the block size. Weak blocks will help to reduce the externalities posed by increased throughput on the system.

Why do we need to break consensus, again?

Ultimately we will need bigger blocks and they will come, worst case miners will want to be able to fit more transactions in the blocks when the fees become more relevant. In the meantime we will be able to include many more transactions as a result of the SegWit changes, and transaction volume will have plenty of room to grow until it doesn't.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: davis196 on August 25, 2016, 03:07:23 PM
Days after Segwit code is released in Bitcoin Core 0.13.0, Gavin Andresen is back doing the rounds arguing for bigger blocks. Anyone smell another coup attempt brewing here? I suppose we all should have seen this coming.

Quote
Bitcoin is at serious risk of becoming the MySpace of cryptocurrency because it is failing to scale.
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u5mpt

Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.

Quote
I HAVE done the research, your connection sucks compared to most of the rest of the world-- but why should the rest of the network be crippled because you have an irrational desire to validate every single Bitcoin transaction?
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u0grb

This guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.

And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.

Bitcoin isn`t "the Myspace of cryptocurrencies" bitcoin is "the facebook". ;D

Btc is failing to scale because of people like this one.

I don`t care about his "theory".


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: thejaytiesto on August 25, 2016, 03:17:47 PM
Gavin Andresen hasn't done shit for years now except complaining and crying about stuff, meanwhile Core devs have been working hard to get stuff like segwit working, you know, the real clever stuff beyond crying for a blocksize increase. Also let's remember that this idiot wanted 8mb increase which is insane and would have ruined Bitcoin. Some people never learn.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: pedrog on August 25, 2016, 04:01:07 PM
Popular opinion is bitcoin is too big to fail or too big to become irrelevant, well, plenty of bigger enterprises have failed or are now irrelevant, myspace is a good example.

Concerns expressed by Gavin are shared amongst many of us for at least a couple years now, I'm of the opinion we've already passed the no return line some time ago, as people cannot build on the bitcoin network and many have been pushed out and had to build their own blockchains or build in some other blockchain, this is reflected on the current low value and the occasional pump without the possibility for growth.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Cereberus on August 25, 2016, 04:32:13 PM
It has been a while since I didn't hear from Gavin Andersen. I am glad he is alive first and he keep talking shit like he always did in the past. I am a bitcoin core supporter and the only real solution is to run a full node. Gavin has failed it big this time but this is something that happens when you sit all day and only keep talking instead of working, no one takes you for real when this happens and we should put these sayings straight to the trash bin.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: krishna1 on August 25, 2016, 04:36:38 PM
I honestly belive that the current nodes are working absolutly fine and if geven tryed to replace or wants to experiment something new then first should do it in a demo mode it will save his and our time


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: pedrog on August 25, 2016, 04:41:05 PM
It has been a while since I didn't hear from Gavin Andersen. I am glad he is alive first and he keep talking shit like he always did in the past. I am a bitcoin core supporter and the only real solution is to run a full node. Gavin has failed it big this time but this is something that happens when you sit all day and only keep talking instead of working, no one takes you for real when this happens and we should put these sayings straight to the trash bin.

Please take a moment to check the names of the people who contributed directly for the latest release:

https://bitcointalk.org/index.php?topic=1594650.0


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: marky89 on August 25, 2016, 05:22:14 PM
Popular opinion is bitcoin is too big to fail or too big to become irrelevant, well, plenty of bigger enterprises have failed or are now irrelevant, myspace is a good example.

Concerns expressed by Gavin are shared amongst many of us for at least a couple years now, I'm of the opinion we've already passed the no return line some time ago, as people cannot build on the bitcoin network and many have been pushed out and had to build their own blockchains or build in some other blockchain, this is reflected on the current low value and the occasional pump without the possibility for growth.

Bad business models fail. Good businesses adapt, others will go bankrupt. Why didn't we change the consensus rules to encourage the Satoshi Dice model? Why should we change them for the likes of Coinbase and Bitpay? They are here to make money, and may be willing to do so at the cost of long term network health. What matters are p2p users. In the long term, sustainable business models will survive.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Lauda on August 25, 2016, 05:31:54 PM
Concerns expressed by Gavin are shared amongst many of us for at least a couple years now, I'm of the opinion we've already passed the no return line some time ago, as people cannot build on the bitcoin network and many have been pushed out and had to build their own blockchains or build in some other blockchain, this is reflected on the current low value and the occasional pump without the possibility for growth.
No. Go back to the cave that your crawled out. The rhetoric being spread by Gavin & co is bullshit; the market has decided what the block size should be. Gavin, Hearn, Ver, etc. all lack adequate skills and thus have to resort to social media to try and divert some support their way. Code up a better Bitcoin implementation, and let the market decide. Oh right, you can't.

Please take a moment to check the names of the people who contributed directly for the latest release:
https://bitcointalk.org/index.php?topic=1594650.0
I have no idea why he's on that list. Gavin has a singular commit in v0.13.0; a test that he wrote was used by someone else in their pull request.

Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
There you have it. He's wants to completely change the model that satoshi built. I wonder who influenced him. ::)

Update: You missed the 'validating transactions' part.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: AliceGored on August 25, 2016, 06:02:53 PM
Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
There you have it. He's wants to completely change the model that satoshi built. I wonder who influenced him. ::)

Lol, no.

https://i.imgur.com/o1fPbSM.png

https://bitcointalk.org/index.php?topic=532.msg6269#msg6269

You must improve your shilling game, theymos is paying you for this crap?


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: marky89 on August 25, 2016, 08:09:58 PM
Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
There you have it. He's wants to completely change the model that satoshi built. I wonder who influenced him. ::)

Lol, no.

https://bitcointalk.org/index.php?topic=532.msg6269#msg6269

You must improve your shilling game, theymos is paying you for this crap?


That doesn't speak to whether widespread SPV use is particularly safe at this time. Fraud proofs may help, but some developers like Peter Todd doubt their viability. Satoshi isn't here to speak to the infrastructure and security mechanisms required to make this viable at scale, and he didn't imply that it was viable back then, or now. So let's not deceptively use his words, please.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: poncom on August 25, 2016, 09:03:53 PM
I don't trust Gavin any more since he said he thought Craig Wright was Satoshi Nakamoto.

First he made this statement.

Quote
I am convinced beyond a reasonable doubt: Craig Wright is Satoshi

After Craig Wright refused to publicly sign a message with a known Satoshi key Gavin made this statement.

Quote
It’s certainly possible I was bamboozled.

After that fiasco anything he says lacks credibility. Gavin comparing Bitcoin to MySpace is meaningless because he's been wrong once too often.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: franky1 on August 25, 2016, 10:54:20 PM
if the debate is about nodes not fully validating.. seems core needs to answer a few questions too
core route:
old clients not fully validate segwit tx or segwit blocks
segwit allows no witness mode to limit clients by not validating transactions
segwit allows pruned mode to limit clients by not validating historic block data
seems not all core nodes will be full nodes either

if the debate is about blocksize.. seems core needs to answer a few questions too
4mb for core vs 2mb for other implementations
seems core wants to be known as being "big blockers"

if the debate is about hardforks.. seems core needs to answer a few questions too
luke-JR: "Using blockmaxweight prematurely may result in blocks larger than 1 MB being created when you later upgrade to 0.13.1, and the network today is not prepared for such larger blocks. Instead, continue to use blockmaxsize and reevaluate the network situation when 0.13.1 is released."

kind of funny that as luke JR points out an issue with core, (while he is still part of it) yet the other corporate paid devs want to shut him up
seems the REKT campaign against Luke-JR has begun
https://www.reddit.com/r/btc/comments/4wc9a0/heated_discussion_in_bitcoincoredev_gmaxwell/

seems the bitcoin-core devs are ready to throw more people off the bitcoin bus if are not following the centralized roadmap

i now expect the usual trolls to not link discussions. not state statistics, numbers, data, to rebut the contents of my post.. but just ramble on a personal attack with multple insults that lack any factual detail or explanation. purely because of blind ignorant devotion to core.

have a nice day


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: marcus_of_augustus on August 25, 2016, 11:55:28 PM
Quote
"Gavin Andresen is at serious risk of becoming the MySpace of bitcoin developers" - Mike Hearn


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: pedrog on August 26, 2016, 08:43:13 AM
Popular opinion is bitcoin is too big to fail or too big to become irrelevant, well, plenty of bigger enterprises have failed or are now irrelevant, myspace is a good example.

Concerns expressed by Gavin are shared amongst many of us for at least a couple years now, I'm of the opinion we've already passed the no return line some time ago, as people cannot build on the bitcoin network and many have been pushed out and had to build their own blockchains or build in some other blockchain, this is reflected on the current low value and the occasional pump without the possibility for growth.

Bad business models fail. Good businesses adapt, others will go bankrupt. Why didn't we change the consensus rules to encourage the Satoshi Dice model? Why should we change them for the likes of Coinbase and Bitpay? They are here to make money, and may be willing to do so at the cost of long term network health. What matters are p2p users. In the long term, sustainable business models will survive.

Yes, bad business models fails, that's why we are concerned about the current state of the bitcoin network.

"Why should we change them for the likes of Coinbase and Bitpay?"

What are you talking about? Off-chain transactions is their business, less transactions on-chain is better for them, they can even settle between them using mySQL.


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: Lauda on August 26, 2016, 09:00:41 AM
-snip-
After that fiasco anything he says lacks credibility. Gavin comparing Bitcoin to MySpace is meaningless because he's been wrong once too often.
He's lost his credibility ever since the time that we needed 20 MB blocks right now, or the network would be doomed.

Quote
"Gavin Andresen is at serious risk of becoming the MySpace of bitcoin developers" - Mike Hearn
He's already joined the likes of Zander  (https://twitter.com/petertoddbtc/status/768905121199554562)(currently the main Classic developer).

"Why should we change them for the likes of Coinbase and Bitpay?"
The primary reason behind a higher block size limit is increased user adoption, which will lead to a higher price point, ergo greed. Why should we change to fit the greed of certain companies?


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: franky1 on August 26, 2016, 09:38:30 AM
The primary reason behind a higher block size limit is increased user adoption, which will lead to a higher price point, ergo greed. Why should we change to fit the greed of certain companies?
green writing = benefits EVERYONE, Users included
red writing = twisted opinion based on laudas misinformation

lauda.. you're failing miserably.. what the hell has on-chain capacity and popularity growth got to do with companies greed.
if bitcoin gets more popular EVERYONE benefits.

its sidechain solutions that are corporate centric, not on[bitcoin]chain solutions. because low on[bitcoin]chain capacity is not good for users both for cost of use and also how many can use it efficiently. however sidechain solutions are not good for bitcoin as a whole. because if its not on[bitcoin]chain. its not bitcoin

it really makes me laugh how the fanboys of centralizing and corporatizing the code that is slowly becoming less open to random individuals, are trying so hard to brush all their corporate desires into some weird tale that its others that want corporate dominance, not themselves.

its like facebook telling everyone myspace is a corporation and facebook is a open platform. just to convert everyone over to facebook. to then make the facebook corporation billions of profit at the expense of their users experience and freedoms

its time they wake up and realise which bed they have been sleeping in


Title: Re: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin
Post by: LFC_Bitcoin on August 26, 2016, 09:42:02 AM
Gavin's shilling, trolling & FUD is getting boring. How many more failed takeover attempts is he going to make?

Nobody needs you any more Gavin, go away.