They paid 44 sats/byte. Better than most. Fees are paid on size, not value. The adoption that was supposed to be subsidized by the block reward is being squeezed to our competitors. You may be willing to bet the farm on (currently not here) second layer solutions fixing everything... I'm less confident about that. |
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 We've been getting full blocks all day. Armstrong may be right that a HF in 2017 is too little too late. wheres brg444 when you need him full blocks != end of the world I agree, but it could = the end of this rally. Or every rally from here on out. so long as the full blocks are temporary so is this effect and speculation that it's only temporary should further reduce this effect. the blocks are full, full of crap ... or else fees would be rising, crap doesn't crap for fees. blocksize will go up when the technology allows for it. Reader, open this site: https://tradeblock.com/bitcoin/Watch the Latest Transactions for while...: Come back and tell me those are crap. Also, tell me we have no competition in this arena. The technology allows for it today. (If you're me: Gently weep at the difference in post quality from the Marcus of yesteryear.) |
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Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold. Watching fatty lose his principles for a $20 $19 $15 relief rally was the hardest part.  GG guys... GG This is the company that tried to patent Hot Wallet for heaven's sake! No, wait. Wrong company. My mistake.  You misunderstand me. I could give a shit less what Brian Armstrong and Coinbase do. They have a $10,000 "Balance limit" on their exchange... seriously?? Thankfully they haven't captured Bitcoin, and aren't dictating its roadmap. Rest assured I would concern troll them just as vigorously if they did. |
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Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold. Watching fatty lose his principles for a $20 $19 $15 relief rally was the hardest part. GG guys... GG |
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the devs have little choice but cater to the miners, and the miners have little choice to cater to the users.
I used to hold dear that delusion too, till it got dashed against the rock.  |
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Competing implementations that didn't threaten to break the protocol would be nice.
Am I asking too much?
Shouldn't we just call them competing deferential to The One True Consensus implementations, then? |
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We have recently become aware that your username [Brg444] is inconsistant with documentation you submitted upon registering. Your account with us has been locked pending authentication of your identity.
In the space provided, please type in your IP address, Mother's maiden name, date of birth, place of residence, current combined annual household income, and shirt size. employer.  |
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*clicks link to subversive ballad* *Pre-roll ad for Wells Fargo plays* |
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make note of anyone loudly expressing frustration with this agreement and actively trying to stop it
its likely they are stupid.
FFS
https://bitcointalk.org/index.php?topic=1372397.0strongly recommend moving your BTC out of coinbase do not trust these spot light loving restarts, and show them your disuse for actively trying to stop what little progress we FINALLY have made, by leaving them. if you leave coins on coinbase, you are supporting, another year of bitching and nothing getting done while bitcoin bleeds. I checkid my coinbase app on my iPad to see price has raised sence community has reached uncotinshous concentsus. Then I red that CEO brian is trying to kill bit coins with more capacity before late 2017. Quickly, I moved my millis to my blockchain wallet, phew, thanks Adam, that guy is evil for real, tries to kill the bit coin concentsus. This honey marmot don't care about capashity, price raised to $1000 in 2013 with 1MB, and wheel do again in 2016. Cheers, we can't loose.  |
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Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold. Watching fatty lose his principles for a $20 $19 relief rally was the hardest part. GG guys... GG |
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I'm aware that you're impotent, personally, but those that you endorse and enable are not... Truth is... Core Power Rangers have been given an ultimatum... now we anxiously await an answer. It's not about votes granted by breathing... it's about votes granted by quadrillions of hashes...  Unlike you? I'm willing to accept their decision. You honestly expect Honey Badger to respond to ultimatums (ie threats)? If X gives a shit about ultimatums and threats, X is not Honey Badger. As for the [impressively large number of] hashes, their function is to act as well-paid security guards, not executives. If the security guards start demanding a vote in the boardroom they protect, the board will simply fire and replace them with new rent-a-cops. There is nothing indispensable about sha256, and if the centralized miner tail tries to wag the distributed socioeconomic majority dog we will simply change to another PoW.  Have fun with your altcoin... may it be more exciting than monero. |
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Thanks for posting that wonderful slide, it's like the Rosetta Stone of Bitcoin's Great Schism. How do you imagine I'm going to cause some radical change in our beloved phlegmatic Honey Badger? I'm flattered you believe it's within my powers to transmute Bitcoin into some perverted form (via inaction no less!), but can't fathom the internal logic of such a fanciful delusion. The truth is Honey Badger really doesn't give a shit what I (or you) do (or don't do). Bitcoin will only stop being Bitcoin if it ceases to be immune to the populist nonsense and moral hazard insisted upon by Gavinista quasi-majoritarians. Gavincoin's 75% threshold is three wolves and a lamb voting on what to have for lunch. Bitcoin is never going to sacrifice its critical consensus for your high time preference. The max block size will increase eventually but Sorry, Not Tonight Dear.If you want to use a democratically elected political currency try the USD, EUR, or CNY.  I'm aware that you're impotent, personally, but those that you endorse and enable are not... Truth is... Core Power Rangers have been given an ultimatum... now we anxiously await an answer. It's not about votes granted by breathing... it's about votes granted by quadrillions of hashes... Unlike you? I'm willing to accept their decision. |
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This slide speaks to the Chinese as if they're absolute idiots... like they don't even know what they are deciding. The one positive... the outcome will give me a clear answer as to the level of risk I'm willing to place on this experiment... possibly forced diversification, as it were... pulling the cords after/during the "no fork" relief rally of course.
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That is a beautiful slide. Occident and Orient meeting on the common grounds of knowledge and wisdom. 5,000 year old high culture + liberation technology = WINNING. So much for the bigoted notion that Bitcoiners in China ("Chinese Bitcoiners") are too subservient, stupid, and greedy to resist the siren song of The Blockchain Alliance Inc's putative authority. Pervert it all you'd like iCE, it won't be Bitcoin when you're done with it. For monero... that's bullish AF. |
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in short, if a Raspberry Pi can handle bitcoin. then a laptop from 2005 can handle 2mb+segwit bitcoin because laptops of a decade ago were twice as powerful in every way as a Pi.
infact more recently, if we stop living in the past and live in the current. standard laptops and desktops are even more powerful again.
Isn't that the proposed path for core development? I thought all the current stress resulted from the demands for an immediate 2Mb blocksize with no other improvements. Path proposed over 5 years ago... pls... 2MB would be a joke to handle. It can be phased in, like:
if (blocknumber > 115000)
maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
limit sigops to the max in 1MB blocks... this dispute is about more than that. It's about steering fees for a generation. |
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I read somewhere that 2Mb blocks would increase the size of the UTXO pool. To me, this seems to be the opposite of the obvious result. The other comment was that full nodes would need to allocate more memory to running the core, and that this would lead to a reduction in the number of nodes. At the moment, running core doesn't seem to use many resources on this computer, how will this change in the future? I'm not interested in hard drive storage, I'm interested in cpu and system memory ( and maybe page swops).
According to technical experts... disk space is the biggest concern:  |
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Welcome to 1984... citizen. Are you a suppressive person?  |
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Anyone wanting to fire Core devs to put in charge a bunch of guys that haven't demonstrated anything of value beyond getting a small % of noobs supporting them for +1mb of block size increase is crazy.
There is no firing in open source, only rage-quitting. If Core would have listened to miners after Scaling HK in Dec... we wouldn't be having this little slap fight. Shame they didn't compromise earlier and spare us the drama. |
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fork off already.
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Pervert it all you'd like iCE, it won't be Bitcoin when you're done with it. 
