SegWit is not Bitcoin. SegWit is an altcoin being pushed by Blockstream/Core. Do not do the upgrade. It is not in fact 'network inconsistent'. SegWit is inconsistent with Bitcoin. The provided warning is a total lie/sham. They are propagating that warning to trick people into supporting something that is plainly not Bitcoin. Bitcoin is what the majority of the community say it is.......... simple 'Bitcoin Protocol Consensus' has been arbitrarily defined by Greg Maxwell as 95%. 'majority' is merely 51% So which is it? |
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but stop saying like everyone should do the same.
Who said everyone else should do the same? |
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I have read that entire text about the announcement of Circle to give up the bitcoin ecosystem and actually it does not seem a bad news. They are only looking for making profits, and no are so interested in contributing to enhance this alternate economy, so it is just natural to look for other business model where the only thing that matters is the profit and not a financial and economic revolution.
They were already funded and willing to spend $140 million on Bitcoin accessories (bitcoin wallet) that improve the usability of the network by giving end users tools to deploy their Bitcoin. But then they realized that there are a bunch of silly buffoons driving the ship and being unreasonable. Over two years of bickering and no steps forward. They understand that the system cannot be advanced with such a governing principle that is 'consensus'. Consensus is merely a mechanism to halt any progress. Progress down either path. 95% Concensus is pretty hard to achieve. Core/GMaxwell will be lowering this in the next few weeks to 85%. |
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If you don't want SegWit ... i don't want a block inflate.  Local Blockchain is at 102GB now.  So, SegWit only for me (because i can prune after). SegWit isn't to prevent block inflate. SegWit is to prepare the network for Blockstream proprietary off-chain scaling solution that will allow them to 'shift' network fees away from miners and into their own hands. It is nothing less than a Coup d'état* * I did that for you French guy. |
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SegWit is not Bitcoin. SegWit is an altcoin being pushed by Blockstream/Core. Do not do the upgrade. It is not in fact 'network inconsistent'. SegWit is inconsistent with Bitcoin. The provided warning is a total lie/sham. They are propagating that warning to trick people into supporting something that is plainly not Bitcoin. |
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one thing I can surely say, bitcoin is truely a blessed currency. Blessed by whom? Muhammed or Jesus? I don't want to use any fucking currency blessed by the wrong guy. |
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And when he talks about bitcoin as a payment method, he does not mention the possibilities of seeing bitcoin as an investment.
The 'investment' in Bitcoin is only good if network functionality and user adoption are good. If functionality goes to zero and user adoption goes to zero - but the price continues to go up, that is called a Ponzi scheme. Network functionality has gone to shit. User adoption has gone to shit. Those are facts. |
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For any one that gave up, two new users came in. So, basicly, sooner or later, you and rest of em will be back in one way or another. One business dropping it's Bitcoin part is absolutely nothing. For every business that drops, two new rise. Future is bright!
This is bullshit. Circle intended to spend $140 Million developing cool end user tools for using Bitcoin. But because the network no longer supports this functionality, the network is now limited to settlement type function only, Circle said fuck this, let's spend our money on other things. Can you show me two companies with $140 million to spend building cool shit for the bitcoin network? Didn't think so. Your 2 for 1 deal is a bogus scam. |
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And the price just keeps climbing.  And the functionality just keeps falling. |
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[...]
I think people love my FUD.
[...]
I'm trying to find a proper definition of the mental disease you seem to suffer from. Maybe we should call it the "Ver Syndrome": It's delusions of grandeur paired with antisocial tendencies and obsessive-compulsive denial of reality. Seriously, I would love if your announcement would have truth in it and you would vanish from this board. At least you could constrain your FUD posts to the altcoin section, where they belong to. That would be a great relief. Oh, and please take your fellow alts and trolls with you. Thank you very much! ya.ya.yo! . SegWit is not Bitcoin. Take your fucking friends to the alt board you piece of garbage. |
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I am not the only one, lots of people have already given up. Very fucking stupid mismanagement is the result. At least TCP-IP and Linux had some means to make sensible adjustments in the early days. Bitcoin has no means to fix things that need a fixin'. "Consensus" is just a very stupid concept. 95% consensus will never be reached for any issue. Bitcoin is fucked. Doesn't scale. Everyone already left.
Nobody cares for your FUD. There are many crypto currencies if Bitcoin is not developed according to you than you can find the coin which meets your requirements there are thousands of Crypto currencies but all those do not stand near to the Bitcoin. I think people love my FUD. Some people believe settlement is the only important application for Bitcoin. The original vision did not include this. The original version did not support very small blocksize limits and the very limited throughput necessitated by that. 3tps was never part of the original concept. Now that Blockstream wants to sell you access to their sidechains, this limit is kept precious and firm. We could easily go to 8MB today without causing technical damage. What is the consequence of staying firm with small blocks? People building very cool tools to support Bitcoin end user applications are all dead. Airbitz failed because there are no end users. Circle abandon the project because the end user applications are wrecked with high fees and slow confirmation times. True enough, settlement still works. But all the microtransaction systems, and other cool end user systems have long been destroyed and there is not hope for their return. Is this the Bitcoin you wanted? Settlement, speculation, and no end user functionality? |
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I am not the only one, lots of people have already given up. Very fucking stupid mismanagement is the result. At least TCP-IP and Linux had some means to make sensible adjustments in the early days. Circle Gives Up BitcoinBitcoin has no means to fix things that need a fixin'. "Consensus" is just a very stupid concept. 95% consensus will never be reached for any issue. Bitcoin is fucked. Doesn't scale. Everyone already left. |
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I deposited money into my circle account today not knowing of the recent changes they made. It will only let me send the Bitcoin to a phone number or email. Is there anyway for me to get the Bitcoin into another wallet like coinbase?
Scam alert! You cannot buy bitcoin at Circle any longer. If you 'deposited money today' - you don't have any Bitcoin to send. I'll tell you what, just send me a PM with your private key and I'll transfer your Bitcoin to your CoinBase wallet for you. |
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Xio is insisting that the ban was due to /u/nullc's 'doxing' of Cypherdoc (aka Marc Lowe).
Then Xio is being untruthful. (also-- what Doxing? I removed any mention of his name once I found out it even might be against Reddit policy, even though I wasn't linking it to any other account!) Did you finally get unbanned? |
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segwit is not a solution. its just pushing the same stone down the road. while devs work on hyperledger (LN/sidechains)
back in 2009-2013 the community knew about the 7tx/s possibility of bitcoin. yep 4500tx back then.
and now if segwit activates and everyone uses it.. yep everyone.. the expectation... 4500tx 7tx/s
like i said it's not a solution. its just pushing the same stone down the road.
Let's face it, SegWit has very little to do with tx throughput improvement and everything to do with Blockstream enabling their private lightning network. Suckers are going to let SegWit into the Bitcoin protocol and then Blockstream will be able to offer their congestion solution for a fee. |
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I control my Bitcoins and you control your Bitcoins.
And Blockstream controls all of our bitcoins |
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Upon reading, many developers hates him because they say that he is a toxic and not a good contributor.
This is correct. Many hate him and he is not a good contributor. We just can't get him to leave. Somebody needs to delete his commit access like they did to Gavin |
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No one owns Bitcoin right?
Not until the patents are settled. ROFL Nice joke, or is it?  Not a joke to the guys applying for patents, that's for sure. |
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SegWit is used to fix the network so Lightning can be attached later. Lightning allows you to pay Blockstream for transactions rather than the miners.
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