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Title: It doesnt matter how good of a programer you are, if you get the economics wrong Post by: krach on April 03, 2017, 11:20:23 AM https://www.youtube.com/watch?v=_jN9M4XxPJA (https://www.youtube.com/watch?v=_jN9M4XxPJA)
Title: Re: It doesnt matter how good of a programer you are, if you get the economics wrong Post by: cellard on April 03, 2017, 11:27:46 AM https://www.youtube.com/watch?v=_jN9M4XxPJA (https://www.youtube.com/watch?v=_jN9M4XxPJA) It doesn't matter how good you get the so called economics if your software is a disaster, crashes and makes the price crash. Software quality is a part of economics. Economics say segwit = price up. Title: Re: It doesnt matter how good of a programer you are, if you get the economics wrong Post by: Instamined on April 03, 2017, 11:29:51 AM It's almost as if you need both or something. Who knew? ::)
Title: Re: It doesnt matter how good of a programer you are, if you get the economics wrong Post by: iamnotback on April 03, 2017, 11:31:31 AM Re: It doesnt matter how good of a programer you are, if you get the economics wrong https://www.youtube.com/watch?v=_jN9M4XxPJA (https://www.youtube.com/watch?v=_jN9M4XxPJA) Lol. So true. @dinofelis, I cited (https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/dfr3weo/) our upthread discussion in the Litecoin community. I also explained there that as a PoW coin matures it becomes much more intractable to gain consensus for significant protocol changes. Bitcoin being the dominant reserve could finance the change to the protocol of a lesser chain, if the quorum whales of Bitcoin who have any vested interest have a consensus to do such an attack. So I guess that is a clarification of my upthread claim that only the dominant PoW could be immutable. The lesser PoW chains are less immutable but the immutability game theory is still somewhat favorable. The generative essence is that politics is a clusterfuck of inaction when it requires agreement on a single action. The only way politics functions is via debt and giving everyone everything at the same time, with no actual consensus. This was Satoshi's clever insight on how to attain immutability. Title: Re: It doesnt matter how good of a programer you are, if you get the economics wrong Post by: andrew24p on April 04, 2017, 12:48:32 AM Just to put this into perspective, when roger was asked about the eth fork he literally said "yay free money" . If hes an economist im santa clause.
Title: Re: It doesnt matter how good of a programer you are, if you get the economics wrong Post by: franky1 on April 04, 2017, 12:57:47 AM Just to put this into perspective, when roger was asked about the eth fork he literally said "yay free money" . If hes an economist im santa clause. when gmaxwell asked non core dev's to bilateral split.. they said no.. What you are describing is what I (https://www.reddit.com/r/Bitcoin/comments/4uq9h7/are_bitcoin_users_at_coinbase_exposed_in_an/d5rvya6) and others call a bilaterial hardfork-- where both sides reject the other. I tried to convince the authors of BIP101 to make their proposal bilateral by requiring the sign bit be set in the version in their blocks (existing nodes require it to be unset). Sadly, the proposals authors were aggressively against this. The ethereum hardfork was bilateral, probably the only thing they did right-- over the last 2 years all these teams that core are saying are attacking bitcoin, and core are saying non-core implementations want control, they want to split they want x,y,z but the 2 years have shown one things.. it has shown that gmaxwell is wrong. thes non-core teams have no set deadlines not threatened with PoW changes or mandatory activations with other bloackmails. infact the only group that have gave only pools the vote. has been core. yep no dynamics + china.. but instead segwit+btcc was where it began in november as for core economics. they removed many CODE methods to keep fee's down and just went with the auction house economics of 'just pay more while we limit space available to be auctioned.' i do laugh when people cant even see which shoe is on which foot and end up shooting themselves in the foot when they start attacking using arguments caused by their own fan favourite. |