Bitcoin Forum

https://twitter.com/shaolinfry/status/850995104240336896

A single truth a rumor of Jihan using his power to crush segwit is already crashing the market hard, just like everytime he makes an statement about blocking segwit in BTC and so on.

Im sick of this bullshit, we need to get rid of this idiot. UASF segwit or whatever I don't give a fuck, im sick of a single guy with a ton of mining power crashing markets at will and make millions shorting while doing nothing. This is fucking NUTS.

Jihan, Wang and those huge miners are a cancer that need fast extirpation. They are manipulating the price at will one tweet at a time. I had to sell at a loss, I lost a lot of money, I thought things would remain calm for a while and 0.0085 was a good entry point but at this point its pointless exposing your money to such a gamble that can be changed with single tweets. So much for 1cpu = 1vote

If the market really wants segwit, then it'll get it.

There's no need to try to 'prove' anything.

Me too, they are just trying to stop segwit from getting activated in both litecoin and bitcoin.  >:(
If they really cares about litecoin, why they weren't mining litcoin before instead of putting so much hash now when segwit was about to get activated in litecoin.

I dont really care as to who will have the advantage over btc be it be the BTU or segwit by the core developers. But the biggest concern that has to be stopped are the senseless statements coming from powerful people in the bitcoin industry that can lead to panic among the bitcoin holders. As such it is so unprofessional of Jihan to make negative statements such as that since even if he isnt doing something his words are causing big trouble for the investors.

Jihan didn't make any negative statement..this is pure rumor and FUD from Shaolin Fry.

Yep it will get it via UASF, because 1cpu=1vote is possible with UASF. The market can't do nothing in the monopolized centralized rigged mining world. The price can't depend on 2 guys tweeting things otherwise the entire thing is dead.


Doesn't matter. The point is, it shows the power of Jihan's ASIC's and also Wang from f2pool did the same thing himself a couple days ago:



This https://twitter.com/shaolinfry/status/850995104240336896

This single tweet crashed the market, he shorted, made a lot of millions, then he said "whoops not stopping signaling".

He even trolls with this:


https://twitter.com/f2pool_wangchun/status/850070006830292992

This is intolerable. Billions of dollars in crypto depend on those guys and they take it as a stupid game, they launch rumors, they short, they make people broke, and they block progress too. Anyone defending this insanity is getting paid of braindead. We need to fire those miners with UASF. I can't consider having money in crypto worth it anymore when the value can change so much with single tweets. Stupid.

I'm pretty sure a UASF will cause a network split just the same as a hard fork if the miners don't have consensus.

Don't you think you are in the wrong time? Folks are very frustraited with money loss, the last thing they wanna hear some shit from BTU clown :(

This is the flaw that satoshi never imagined would happen in the beginning as he might not have figured that ASIC mining will make bitcoin more centralized than the model he envisioned ,with people fighting to take over bitcoin and squeeze the  maximum benefit out of it i am seeing more solutions being thrown each and every day and i am not sure which one will be the best suited to overcome the current issue without compromising the decentralized nature and if you are giving more control and power to the miners it will cause serious issue at a later stage without a doubt when the block rewards gets reduced .

We need to fire the miners by changing the proof of work. They've got too much power, and this behaviour (amongst so much other poor faith behaviour) only demonstrates it further. PoW should be changed before these miners escalate their malign and selfish behaviour, if we wait until they do it, the results will be far more catastrophic.

I hate to sound alarmist, but it wants to happen yesterday. BU can still hard-fork away from Bitcoin by the rogue miners anyway, regardless what the users want. And I've outlined before, they could screw things up really, really badly if they attack without mercy or shame. Who wants to risk that? Not me

If the market genuinely wants segwit, we should see a migration to litecoin when segwit becomes activated there.

I predict no migration at all, because users arn't really crying out for it.

lol OP's proof
.. a tweet starting "i heard"...

hmm wheres the salt

asics have been around for 2 years
asic boost as been around for 2 years

segwit code 6 months
gmax found flaw in segwit codes incompatibility 1 month

drama today is not caused by actions of asics. but speculation.

asic manufacturers did not make a time machine to make a segwit nuke
segwit just wasnt made 'soft enough' to not cause issues.
and gmax just a month ago found an issue where segwit is noft soft enough to work with 2year old hardware and efficiency technique.

solution
fix segwit to be even softer.
or
fix segwit to actually be implemented as a proper node CONSENSUS along with other community required features(dynamics, lowered max txsigops), thus only need 1merkle and get other needed features in. and finally get the community what it wants

stupid part is even with lots of pools abstaining objecting(70%) the fingers are being pointed at 16% and even blaming temporary price drama on that pool even when the pool has not done anything different for the last 2 years

It's very obvious the problem of PoW is a very serious one. Bitmain is yet to launch new huge facilities that will make Jihan even stronger. He will keep stacking more and more and more hashrate power. Time to dump since I didn't I didn't sign up for JihanCoin.


Jihan controls way more than 16% lol. He controls tons of anonymous pools. Also he can put pressure into buyers to signal what he wants or else. Also he will eventually have 51%+ of the network at this rate, he is expanding quickly and it's unstoppable. He controls production, he gets sponsored by China for sure, he gets free electricity. Classic monopoly formation, it's too late, PoW cannot be saved.

Even if you were right amanda85, you do realise that people exist that may not have decided, yet? And, heaven forefend, they can even *gasp* change their mind? Y'know, a "free" market?


The market isn't frozen in suspended animation for all time, individual people make decisions, which can include making no decision at all, as well as changing from one preference to another. If that's OK with you, that is? We wouldn't want to offend your own personal definition of what "free market" means, now would we?

And your premise is wrong anyway. If people didn't choose Segwit, why did they choose Bitcoin 0.13.1 in such large numbers, so quickly? That was a far better test than your Litecoin proxy, as 13.1 was the Segwit changes only, and 13.1 was actually Bitcoin, Litecoin is something different to Bitcoin. That's why they've got different software, different networks (and different names, lol)

Rejecting Bitcoin Unlimited doesn't necessarily mean accepting Segregated Witness. I know Jihan and Wung are dickheads, but the market doesn't need SegWit, it needs a solution for the scaling problem, and SegWit has its flaws as well – it's not the perfect solution.

What do you mean users aren't really crying for it? do you measure it in the number of tears? Don't you see how the market is insta dumping at mere rumors of miners stopping segwit? If Jihan confirms it the price of LTC will tank back to 1 USD you dumbass.


Are you this dense? Don't you see how the confirmation would make it even worse? Stupid fuck.

https://twitter.com/f2pool_wangchun/status/850053367988592642
This caused a massive price crash too, and it recovered when it cleared that he was not stopping segwit support:

https://twitter.com/SatoshiLite/status/850080167791702016

Pretty much instant reaction of the market: positive segwit news = price up. Negative segwit news = price down. Why are we still arguing this FACT? don't bother replying because im not wasting time with you again.

lol still laughing

2 year old hardware
and everyone screaming "PoW designed to attack segwit"

logic shows 6month old software and 1 month old flaw found = software not as 'soft' compatible as first thought.

time now to just do a proper node CONSENSUS and get the other features in during the opportunity.. for a 1merkle segwit+dynamics and lowered maxtxsigops limit and other efficiencies (in short: do it properly!!)


otherwise all we are doing is just wasting another year where by blockstream wont take no for an answer and will just delay crap until late 2018 just to ONLY GET flawed 2merkle segwit in(flawed version needing a tier network)

http://www.uasf.co/

Even if you change PoW, what stops new monopolies to be formed? Look at LTC. There's a scrypt monopoly already. Change it to anything you want and you will get chinked again because chinese miners have free electricity and cheaper labour force coupled with sponsored PBOC money. PoW cannot be saved as it stands, changes need to be made, all PoW will always lead to the current situation. I had an idea of randomly changing PoW algo or something like that, SOMETHING must be done to avoid coins getting chinked or else you might as well dump and have nuke backed dollars. What's the point if both are centralized anyway.

random shaolin tweet of speculation and no proof.
temporary price drama

thejaytiesto and the usual blockstream party now wants to bomb china..

It generally does. Even the ones that want bigger blocks, generally reject BU-coin. Let's look at the data shall we:

Rejected by who? A couple of chinese miners.

The rest are in with segwit:

The market has spoken. Segwit goes up = price goes up.

https://s12.postimg.org/4qtf02fij/segwitup2.png

Economic majority has spoken: All experts and relevant actors in the field are pro-segwit and anti-BU:

https://pbs.twimg.com/media/C8HwIp7VwAEGPBb.jpg

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

Node majority has spoken: Segwit support overwhelms Buggy Unlimited.

https://s1.postimg.org/qc16wc7qn/nodes1.png

Not that I follow satoshi's word's as if he was Jesus Christ himself, but even he warned us about the dangers of BUcoin:

https://s12.postimg.org/4cazmc05p/satoshi_Bu.png

Unfortunately, the entire ecosystem keeps getting blocked by the chinese mining cartel.

I was hoping LTC would show the benefits of segwit in action, but of course, Jihan is scared that this happens, so he will stop it in LTC too, since it was getting too much attention and it's basically a BTC clone so it would be a valid experiment (that's why he didn't bother with some other obscure coins that actually got segwit but no one cares)

so why do you keep ignoring this:


https://twitter.com/SatoshiLite/status/850080167791702016

and the fact that segwit lossing support rumors cause price crashes? who cares if it's a rumor, the point stands.

I don't think that markets are crashing because of the non adoption of segwit. The thing is, bitcoin's speculative market would likely benefit gelreatly if consensus was finally reached. So far though, in spite of the lack of agreement among parties with influence, the price reached ATH levels. This is indicative that speculators don't really care.

are you ignoring this

temporary price drama is meaningless..
PoW nuking based on temporary price speculation and rumour...illogical

OP links to a cry baby who submitted the BIP's for UASF and flag day activation. Wipe away the tears and work towards a solution that will get consensus.
And on a PoW coin, that requires miner consensus. There are plenty of PoS coins out there if you think they are a better coin. Then it is big whale holder consensus. They can block any solution they do not like as well.

Since we know the ASICBoost existence, the bitcoin price remains around $1200. Why do you say the market is crashing hard?

OP is referring to recent Litecoin pump and dump I think.

At this point, I wouldn't mind a switch the segwit if it would help the entire debate to come to a close and make sure that the corrupt devs that are producing BU (which is already a mess when it comes to the code structure it has, just look at the preliminary tests with nodes) don't get any more power within the blockchain.

Segwit isn't perfect, but it is one of the best things we can use which doesn't wreck the entire system yet still provides a decent compromise.

litecoin pump and dump..
who cares.

its temporary price drama.
plus

it was caused by twitter..
not asics or china or asicboost.

asics and asicboost has done nothing in the last 2 years
bu, classic, xt, and a dozen other implementations has dont nothing in the last 2 years

reddit and twitter "rumours" have been the attack, twisted as a victim card being waved at a situation that has never played out

Every now and then, we will see some "posts", "news" or "rumors" about the scaling debate and about the parties involved in it. These senseless articles just don't provide any proof of what it's saying and just wanted the community to panic and sell their BTC. It is better to do your own study about these matter. Just get over this thing as soon as possible. What's happening right now is not healthy for the BTC community.

I agree with you, but the move still makes sense.


The fundamental problem is access to manufacturing, and design. Even a CPU only PoW has this problem, there's a more serious monopoly there with high performance integer specific (which I think hash functions uniformly handle, anyone?) computation units, and they're called Intel. A whole panoply of problems stems from that particular monopoly too.

But, we can level the playing field that bit extra by changing to CPU only mining. ASICs are even more cartelised than Intel's monopoly, simply because Intel chips don't have the huge price gouging markups that Antminer and others can afford to charge. Mining with ASICs has been highly uncompetitive for independents right from the start.

And we're buying time by changing PoW. Time to test ideas like randomly changing PoW hashing (as you mention), or even requiring a series of 10 different hashing algos per block header attempt (Meni Rosenfeld's idea).

And the endgame is 3D printing of silicon (or other substrate...) ASIC processors. Even then, the company that sells the silicon and copper can begin to get in on the action in the same way nVidia or Intel could. But it still levels the playing field that bit more. If we could use a nitrogen or iron based processor substrate for 3D printing, someone might still find a way to monoplised or cartelise the most abundant elements on earth.

But let's get there one step at a time. The current miners have demonstarted all too well that power has corrupted them as much as anyone else, so we must work towards the most free market possible. I feel for the honest miners, but, if they're honest with themselves as well as the Bitcoin network they contribute to, they're getting ripped off and losing in this situation too. Mining rigs are only one part of the miners infrastructure, small miners will win out in the end.

Doesn't change the fact that that positive segwit news/rumors make the price go up and negative segwit news/rumors make the price go down.

When Charlie Lee confirmed that Wang would not stop signaling segwit, price went back again.

Now if Jihan confirms that he will drop that amount of hash rate against segwit, the price will go down too.

Rumors have to contain information and depending on what the rumor says market reacts.

TL;DR:  segwit news/rumors make the price go up and negative segwit news/rumors make the price go down. This is a fact.

I suppose someone is making a lot of money off of these segwit hopers. If the sheep react so predictably, the wolf can run rings around them.

I am kind of questioning that. Why is it that they are working on making bitcoin fall down while the its price still went up.
Is this some kind of a strategy because they are really the one who benefits from it?
Imagine they have really a large amount of bitcoin and just want to create some news that will make people doubt it for the price to go down so they can buy again. What if they really are the panic sellers and cannot buy back because of the expensive price and no profit from it.
If I am a known man I would do that in case I sold at a wrong time. This aint new anymore. Just a strategy and they will say after all of this. "Oops! I didnt mean that!"
But with the increase perhaps the magic aint working.

Don't try to apply logic with franky1, he will twist all arguments that don't meet his agenda.

Even further proof that segwit = price up. Vertcoin got 300% price increase due segwit news:

https://bitcointalk.org/index.php?topic=1828453

Anyone that still doesn't see segwit = positively valued for the market needs a beating.

We are giving Jihan and Roger Ver the power they think they have. We have seen with Mike Hearn and Gavin too. Every time they farted,

everyone was up in arms. Now Mike Hearn is a thing of the past and nobody is following his tweets or his crazy statements on Social media.

Some people are just addicted to drama and attention and Jihan seems to be one of them. Ignore his rants and comments and he too will fade

away, like Mike Hearn did.  ;)

Ah Chinamen are manipulating the price of LTC, shaking out the weak hands and day traders so they can buy some more LTC cheap.

I also read that LTC1BTC was flashing 700 GH/s on their website. It is a lot of BS lies to manipulate the price.

UASF would fuck the coin because nobody wants to trust a democracy with their money.

Just be patient, the Chinamen want higher prices, they just want to extract the most they can on the way up.

I actually love what these miners are doing. Because they will create huge demand for my altcoin which doesn't use PoW. Many pissed off users/investors are going to looking for something better that miners can't fuck with. The day traders love the volatility.


Yup.

---

That is my altcoin project, BitNet.


The databases on the Internet are centralized, e.g. Facebook's DB, Reddit's DB, Bitcointalk's DB, Stackexchange's DB.

All of them must die. Will be replaced with open blockchain.

I think everyone got excited because they thought @Gmaxwell could slay Bitmain. But now the reality is starting to hit people. Bitcoin is NEVER going to get any more significant changes to its protocol.

Looks to me that BTC is topping out again and another ride down awaits.

Should have traded BTC's top for LTC's recent bottom. Trade it like a seesaw.

So BW decides to wake up with the right foot today and starts signaling for segwit:

https://twitter.com/SatoshiLite/status/852034914249654272

Reaction of the markets?

http://image.ibb.co/mqGOd5/LTCmooning.png

Yet, delusional schizo franky1 will remain in denial about the fact that the market reacts positively whenever segwit goes up.

Now the question is, what pool will chink us this time by pulling out and shorting the market?
Let's keep track of Wang's twitter. Those guys are psychos and will not doubt to fuck around with their power to constantly short and make millions.

Speculators always trade off "news", doesn't matter what the news is. And that is what we are seeing.

I actually hope Litecoin does adopt Segwit, because afterwards it will prove no-one uses it and no-one wants it.

lol exactly.

and on same day litecoin tanked



and on same day Vert tanked 20% ltc rose 20%

its just tennis...

and all your doing is looking at th ball (the latest coin that rises) and ignoring the one without the ball (the latest coin that drops) and then scream it rose because segwit.
but when it drops. you will scream the other coin rises "because segwit good."

are you next going to offer a daily report. find which coin rose and scream "its segwit"

temporary price drama is meaningless. especially in the stupidly twisted context you use.

Segwit going up = LTC going up. Like clockwork. As always, segwit is valued positively in the market and it shows, even when BTC is on a strong uptrend.
Nobody cares about other alts so they don't matter, LTC is the real deal, if it gets activated it will get an ATH, but I doubt 75% will get maintained for 2 weeks.

Ignore franky1, he is paid to twist facts.

every bitcoin project and developer that's currently stymied by the bitcoin stalemate will move over to have a play with litecoin, even if it's only for pure proof of concept.

I ain't got a clue what the price will do, but the only way litecoin's usage is going is up. it can't be much quieter than it is now anyway.

if its for proof of concept, you can do it with 0.01 LTC. 

Most of the volume will realize segwit doesn't do anything that special, doesn't make litecoin special, and the bubble will pop.

Another one:

https://www.reddit.com/r/Bitcoin/comments/65hzc7/jihan_just_declared_war_on_litecoin_segwit_over/

Segwit on LTC was at 82%, ready to start signaling in the next period, price was recovering, on it's way to surpass the peak of the other day. And what happens when people wake up to the anti-segwit news? Price crash! How unexpected.

But franky1 will stay in denial. It's all a coincidence.