And here they are on a website... writing comments that "don't exist" under their definition. These people can't be trusted to not lose the key to their bike lock, let alone private keys. They may use it from a front end someday. |
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You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.
You think XT has topped out already? What happens when the group hug in Canada produces no results as they explicitly said there won't be proposals even discussed much less decided on. How many XT nodes then? Then What if Honk Kong produces no results? You still think XT will have topped out at 13%? 8MB IS the compromise. I already explained why we don't need a software limit at all because miners are already incentivized to keep blocks small enough to propagate. I also do not accept that a one time increase helps in the long term. Markets do not like uncertainty. How many nodes will be running XT when we hit the 7tx/sec limit? What about a day after that? As I've said all along, if you don't like XT, fine. Give us something that scales or I will find a better cryptocoin to invest in. The cripplecoiners are ceding ground as we speak... Don't let the perfect become the enemy of the good. I'm not willing to trust the future of bitcoin to Mike Hearn, same as I don't trust it to Blockstream, the market (in all its facets) can and will make the decision. |
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XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.
It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time. BIP100 does not do enough to allay those fears. Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation. You don't like mining without fees? Try mining $100 coins. Who run Bartertown? I run Bartertown. You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it. Edit: Very poor decision by Hearn to include anything else in XT, gasoline to a(n) (imaginary) fire that already existed about his real motives. |
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It simply delegates control to the admin of the pool node, where it has always been. XT (and diverting hashes towards your interest), has shown that a chance to exit does exist. I assume that miners and yes, even "gasp", blockstream, does want increased usage in general. You either think that our interests will eventually align, or you don't, and you sell nao. Time to rally behind a solution that actually does increase the maxblocksize. (And yes it is in the miners' best interests (now) to grow the number of transactions while a subsidy exists to facilitate it.) |
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XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.
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The recent shorts were wiped out on Bitfinex yesterday.  I wouldn't call stopping out 20+% of shorts with a 5% price increase all that encouraging. If they were adding... that would be very bullish. Who is the owner of Chart Buddy?
Richy_T |
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anyone notice that in 30 minute bitfinex chart there is inverted head and shoulder, target price is 268  where you know the target price is 26*$ ? can you give me source about it ? hint: Begins with "a". Ends with "s". |
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what even is this Where we publicly demonstrate a frayed grasp of the english language and investment choices? |
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Solution to bitfinex volatility: Just turn off the exchange...  3 times in 2 days, they're losing customers over this. |
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All explained a few posts ^ He's switched them all to Core now. |
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He's switching them all over to Core now, heh.
Point made buddy.
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intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.
Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view? Or like trying to charge money for an infinite resource? Bip 101 timescale: Year. Size. Reward. blockchain size (rough estimate) 2016 8MB. 12.5. 40GB 2020 32MB 6.25. 3.4TB 2024. 128MB 3.125. 16.8TB 2028. 512MB 1.5625. 70.56TB 2032 2048MB 0.78125. 285.6TB 2036 8192MB 0.390625. 1145TB How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about.  Good thing I don't have to store or maintain today's blockchain with the computers and networks of 20 years ago... Edit: Pg 13333, Meet on the Level, Part Upon the Square, amirite? |
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Poe's law folks...
(I was agreeing with you, to an extent.)
Let's hope Core doesn't wait until the depths of winter, the grove is cold that time of year, to provide a road map.
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I wonder how much money and time it would take to add enough XT hashing power to trigger the switch assuming no more existing nodes defected. I'm guessing it could easily be done for less than $500M. The problem is that the cripplecoiners would only need to add one Terahash/second for every 3 Terahashes/sec new nodes to prevent it from happening.
I'm pretty sure 21.co's chips will be mining XT. Microtransactions will not be practical once the network approaches capacity. At capacity, they won't even be possible.
Cripplecoiners consider small transactions "spam", but microtransactions will prevent spam if, for example, email requires 0.1 milibit postage. or even 0.01 mBit. A lightning network adds a layer of complexity to a system that is already too complex for mainstream use. Trusted third parties may make it simple and easy, but that defeats the whole purpose of a peer to peer network.
i think you should try squeezing in more "cripplecoiners" slurs into your rants to be more believable ... or it's simply a rant and ineffective I call our side "scaleforkers", because I try to be an equal opportunity offender. Anyhowz, if the slur fits... There's no reason for there to be any block size limit for the same reason there is no reason to fear selfish miners witholding blocks to get a head start on the next one. If your block is too big, someone else's block will propagate faster and you'll miss out on the block reward. You gotta decide if you want a small slice of a big pie or a huge slice of a tiny one. intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view? |
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Im going to go out on a limb here and say that this is whats going on:
image snipped
On the other hand, there are no quadruple bottoms.
Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.
image snippedNow, the red note on the top chart is just an FYI. I'm not trying to use that as an argument against a rise, just that it is valid. http://www.authenticfx.com/candlestick-secrets.htmlI agree, I just pointed out the most bullish case. But it is just as likely its a pennant and a continuation pattern, the volume supports this as well. If this is the case the price movement would likely take us back below the long trendline. The price would likely decline substantially. Its an interesting junction. Nice change of tone, trollypop. Walmart is hiring in your area so there is a positive shift that you could pin your name on and make a nice living doing so.  Best of luck to ya, tho. Iggy to your latest tho. Check the join date and cower in shame Chef. A handful of posts, and yet more than you've ever contributed... |
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Moderator bans me for 2 months+ trying to teach me a lesson, but instead he learns a lesson. To not ever ban a well-reasoned bear that's contributing at making a less pretentious and less circle-jerking bull-infested swamp-like thread. It was truly atrocious to see so many bitcoin bulls going full retard during the Grexit speculation. Anyways,   Unless the TwinklePimple brothers release some sort of a countdown for their over-hyped Gemini exchange, BTC will have nothing to cling on while on its way to sub-100$. Viva la Bitcoin-XT!Ahahahaha  |
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How is this not a terrible sign? Chinese are taking their money out of the stock market and they are not buying bitcoin.
I think bitcoin is soooo screwed in the next 18-24 months, nobody f-ing cares about magic money.
Do you imagine people ripping money out of the stock market, in fear of severe recession, deciding... "What the hell, why not plow into this hyper volatile cryptographically secure internet money to secure my savings." Really...? Oh, you don't... well then, you have your answer. |
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The pegasus? Monero isn't going to pump itself. Amirite? |
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As Voltaire (might have said ), The great consolation in life is to say what one thinks. All to the better, if it's also humorous. Being short or long adds a whole 'nother dimension. For a dash of on-topic: $1.5 million or so protecting $200 on bitfinex, borrowed USD (likely with btc collateral) is at $26 mil, down from near $36 million before the flash crash margin wipeout. Borrowed btc is up about $1 mil from its lows in july. It looks ugly, but if you haven't learned yet, that's occasionally an inverse indicator. |
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