Whats your views on the so called segwit fork on the 28th

Anything using a block-chain to me is living on borrowed time because it won't scale
but i would like to know why your down on segwit because I like much of what you say
so maybe you know more than me about it.

I agree windows has more back doors than anything and is CIA spyware but i am very good with both inbound and outbound firewall rules on
the router and also keep an eye on process running and i am in a much better position than you to put a finger in the air and say where this virus
came from not that i can ever be 100% certain it was not something running inside Srvhost , Conhost , Taskhost and ten other windows programs
that are designed to make our machine to operate more like a remote terminal than a "Personal PC"

Infection was nothing to do with DDOS and I run a program to read sys-logs from the router and it's programmed
to kick back when i care to run it but it get boring in the end

Tor i tell you, don't make excuses for them, i loved it as much as you do today before this happened

"But updating your Windows would have helped in this particular scenario."

You mean download more MS back doors as the previous doors that have become public knowledge becomes locked

Windows is shit but it's too late for me to jump ship to Linux Mint or something

 

Yes i second that too.

Trouble is many of the slot machine bandits here see BTC as a religions or as being some type of football team
and will do anything to support the team and pretend they know everything but soon shut up when the conversation
get technical.

I sent myself some ETH as a test and it arrived in seconds as any digital currency should or else the shop
keeper would not let you leave the store with any goods but i still maintain that any currency that is based
on the block-chain (Mega big file, does not scale) will soon be thrown in the bin where it belongs and that
includes ETH and 90% of all the forks and clones

IOTA might be my next move but i needed to do lots more to understand whats under the bonnet
but I don't think it will compete too well because it can only manage 100 tps so is nothing to write home
about.

The trouble is not the block size or the timing of the blocks but the sheer volume of data that
needs to be held and processed by each node and the files are already at 200gb and for much of the
time it was only being used by student as they were testing it with small amounts of money.

what might work for a million transactions a day with a few days worth of data will grind
to a holt over the years as the file becomes bigger and bigger without it being archived off and
that's not half the story because a global system needs to cater for a billion or more transactions
a day unless we create Micro-Bitcoin and run it on another platform that uses a tree type data
structure

Like it or not the data won't fit onto a $200 machine and the current design of the infrastructure
is Micky mouse  AND WILL NOT SCALE and yet we need $200 machines (Millions of them) to be part
of the network and will need trusted decentralized coordinators in the system and not just money
crazy miners wasting CPU power doing this PoW bullshit.

Based on public keys we need something like 16 X 16 or better still 32 X 32 top level coordinators
to then organize the $200 nodes into something that can be deemed useful to the network with mining
fees scam becoming a part of the history book since each node will have to earn it's keep using a
system of "Gas" , no gas and the car won't start, do your public duty to earn some.

This network needs to be independent of BTC or ETH and should be seen more like a money motorway
that allows us mere peasants to organize ourselves without interference from big brother or government
and be seen as the core foundations much like ETH is for other alt coins but the connection between
the transport system and the goods (Coins) on it must be broken, Gas cannot be purchased, has no money value
and can only be earned

In other words think about how BitTorrent works and throw in that peers that won't seed will
get cut of or the bandwidth will be reduced down to a trickle of data
 

 

 

That little country that has nuked and some crazy leader who's name is not Kim pulls the strings
and these strings are so strong that they can even make building fall down like happened on 9-11
that were not even hit by a plane.

They are legend when it comes to banking and I fear them so much that i dare not call them by name.

"Illuminati" yeah right it will be the Freemason next or the girl guides so is that you Alex Jones
because I've seen this script once too often AJ

Stop buying you say

Many of us have because it costs $45 to buy and then $45 to sell and us pheasants are not rich you know
boy and just came along with a $100 to have a play and to see what it was like after that nicw woman on
CNN said we could make 1000% fortune in no time, god bless the lord

Well just my luck, i lost $8 as the price went backwards and $90 in fees after moving out of Coinbase and
putting my money back in one of these "Personal wallets" so poor Jess won't be getting
no supper tonight but I am a god fearing christian woman who hates to see waste so if anyone can use my
remaining balance of $2.03 and pays the $45 tx fees they call dem then I will be happy to send you my last
few cents.

Lord me tell you , dat dare devil devil turned into law-mover man and is seeking soles on de network thing, wot you
call it.

I was testing out this new fangle Jaxx wallet as you do and decide to have a play with this
strange ShapeShift thing that converts between one Crypto and another and sent myself (converted)
about $2 worth of coins

Well I punched in this $2 from my ETH account and not much later received a payment of about
$0.97 in my BCH account so feeling that I had this sorted I then sent $2 from my BTC account
to my LTC account and waited and waited, got tired and went to bed.

Later in the night I could smell a something burning and rushed downstairs only to find my Apple phone almost
on fire (Not just Samsung that catch fire you know, Setup it was) so I cooled the phone down and pressed the
start button to find jaxx was running and could see something about a payment so i clicked a link
that opened up a browser to see the transaction details and ready something that said

Fork you, tx Fee is $45

so does this mean I need to pay a fee to get in on the Segwit fork on the 28th of this month
that no one seems to be talking about or did i do something else wrong.

Sorry, us beginners, you know what we are like so any help is welcome

Yeah me too fell for the get rich quick, buy domain names scam about 15 years ago and then they kept bringing out more and more
top level domain names so I lost about $600 after much effort and is much like we are now seeing in Cryto-Land with forks and ICO's

$8.69 for a .Com sounds well cheap if you can sell me one please and don't mind picking up the transaction costs that are
about $45 just now, in fact i will take two whilst i am about it please

Please don't give me payment Via BTC just now and pay using VISA because times are hard
and when I spend BTC the network breaks and i have to pay transaction fees of $45 to miners
plus i bet you too are paying about the same your end so enjoy you Coffey sir, that will be $2.55
please.

🔥🔥 Yall have a nice day now 🔥🔥

No Mr Police officer sir, i just pointed a gun in his face and he started to thrown money from his pockets at me
and i didn't even need to tell him to do so because it's Christmas time, he felt so generous that he got carried away
and threw the money with such force that it hit me in the eye and I want charges pressed for assault please.

$0.06 at the beginning of the year to $50.00+ is daylight robbery and I can assure you there will be a cost

Something is going on and the OP could well be right but I also think this might have something
to do with the ten big wig miners who now control 90% of all transactions and the Segwit fork
that is now going ahead on the 28th of December 2017 and has been blocked by the mejia or
it too is just part of a scam to stop people selling BTC so they get in on the fork that might never
happen. Clearly people are upset and something is going to give, you can feel it


Yes and we are going to jump ship because we don't like being held by the balls and our money being kept in limbo
land by these miners for days on end.

Happy to know you like a free market and the users you speak about are often whales like Coinbase who dont give real
users the option of setting the price

Shit that sounds so crazy it just might work

My current line of thinking is that yes we need a type of "Money network" that will work like a type of recorded post system
but it does not know anything about whats inside the letter, only that something was sent digitally and received in case of disputes
and also deals with routeing.

That's the easy part and is KISS and you seem like an educated person and will have to work with me if you would like to know more
but it does include, as much as i would like not too, trusted 3rd parties that are anomalous entitles that get voted out the system if
they cannot behave themselves, much like what happens already today on networks.

Will peg the post and check for reply tomorrow    

Here i have to expose some of my lack of knowledge but Segwit was going to be a new fork, copy the block-chain, rinse and repeat and may or may
not still be going ahead on the 28th of Dec and is currently being listed as B2X  at about $1000

Some of the code needed for the new system was being developed but you seem to be saying it can be turned on in BTC
and will somehow work with the older system so I am a little bit lost here not that I am saying you are wrong about this.

Does this involved depositing BTC with a type of broker who then hands out IOUs (Fake micro units of btc) much like
Lightning does that are kept outside the real block-chain because I am more than a little bit lost about how this will work

I like a man that shoots from the hip but was IBM not the flagship of PC's and did i recall "American On-line" having the world to themselves once !

Good you mention the general public who will far from trust any digital coins as news leaks out that sending $1 could result in paying
a $40+ transaction fee so just how will they dip there toe in the water to buy say $100 in BTC and then send the money to their Samsung phone
as they give the system a test drive. The answer is they won't unless they have mega bucks which most people don't

Lots and lots of alt-coins are based on ETH who provides the network and as such they depend on ETH for there success but this
cannot be claimed by BTC because it does not host contracts and many (far too many) will soak up the slack because they all offer
more than BTC except one thing and that's mega price rises which we all know cannot be sustained.

Goldman Sachs and it's ilk is what most people who first stated digital currency's were running from and its the same for
people that opt out and buy gold or silver but maybe your less we read than me if you arrived from the slot machine arcade
because you have lots of catching up to do. (No disrespect intended)

I agree with the 50k prediction (3 time from todays price) but not much more but it rivals will far out paste that
and "trading cryptos" will be far cheaper to trade using the other platforms and faster too.

See https://blockchain.info/charts

I count about 4 charts that are to do with the price and 40 charts for whats going on under the bonnet
because the system is over complicated but it is a good site for getting data and one I often use myself
not that i care to do any mining.

The block-chain solved a few problems and created many more in return as we are starting to see because
it was born out of academia that sold its sole to avoid anything that could be remotely called centralization
but if you look closer new nodes being started up use existing DNS servers to get them started on the network

This chart lets the cat out of the bag when you look how centralized it as all become
https://blockchain.info/pools
Ten big names account for 90% of all transactions and they have got us by the balls unlike DNS servers
that don't touch the money/digits and if closed down can be replaced in a system we need to be moving towards
  

ssssssshhhhhhhhhhhhhhhhssssssshhhhhhhhhhhhhhhhhhhhhhhhhhhhh Jesus will hear you  

Monero is annon I thinks, nothing wrong with them but be warned about Tor (Something i once loved)

Was running a dedicated machine that automated the Tor software to do some screen scrapping for me using
web sockets from a program that i wrote and had it running for months but then it happened.

WannaCry encrypted my files on this machine and left me ransom notes all over the place in the file system asking for
payment in BTC to get the decryption key (Like hell would i pay up for that) and apart from that the machine was not being
used with a browser or to do anything else.

My-Code>Tor>Nodes>Internet and NOT My-Code>Browser>Tor>Nodes>internet

Needless to say that I now trust Tor about as far as I can spit and that you have been warned
not that the mejia ever picked up on this story and just want to blame ISIS or Kim from Korea
for the hacking that apparently used backdoors in the browser.

 

He is the second coming of Jesus and this is the modern version of tipping the tables over of the money changers but he landed in Japan this time  

I knew I was doing something wrong, just new it so if BTC can manage 7 transactions a second then we divide the number of seconds in a day
and we don't times it by seven like I did.

Wow I love this and it means the more electricity I consume each second will result in a smaller electric bill since we divide the time by amount instead or multiplying it.


Again you beat me because I ran some code needed to start a virgin node and to start with it ran a DNS lookup
that returned a dozen IPs from the lookup of "Well known nodes" and then I asked them for a list of all the other
nodes that were up and working and these are know as "full nodes" and the result was, err well more nodes than i could count.

Clearly "full nodes" must mean they are "Full up with work" and this is why I never managed to get the code working that
asked for ledger headers from these nodes because they were "Full up with work" and could not service the requests.

I blame Russia Today and Ebay for my mistake because they was showing me like warehouses full to the roof of miners and
i had the number at something like 50,000 and not just 23 

Let me put some meat on them bones before we talk about paying for extra speed and out and out blackmail

Transactions per second
BTC=7
ETH=15
IOTA=100
VISA =25,000

BTC also has more raw CPU/GPU power at its disposal then the other three (heats up the earth it does)
but let me assume that you program systems for a living like me then which two would you say is
throwing 50,000 threads in a tight loop and not getting anywhere fast and what architecture do they
both have in common ?

Will send you $1.00 in BTC if you get the anser right and also agree to pay my transaction cost first

"lol thanks but I don't have BCH"

So your not into blind faith, you like facts, not fiction so what are you packing out of interest because it
might be worth my time looking ?

You must be talking about the Lightning Network so you might like to research this
https://www.youtube.com/watch?v=6V365_59-Lc
He explains the trade off with bigger block sizes to some degree in a way that none experts can understand too.