This is something I am worried about, if this continues and there is no suitable direction, the bitcoin may be left behind, and the other altcoin throne. Currently, bitcoin is in the development process, it should not get into any trouble. Conversely, altcoin is growing so quickly, it surprised me.
firstly, dont worry about price.. or market cap drama. thats all just ups and downs that will always occur, anyone can make an alt with 5 trillion coins premined, sell 1 coin on an exchange for just $1 and cause that altcoin to get a $5trillion market cap. devs can be ass-hats.. the sooner they change their ways the better. i just wish blockstream would hurry up and jump ship to hyper ledger so the real bitcoin passionate devs can get on with improving bitcoin without the puppet strings holding them up what does concern most and can significantly change the paradigm is if bitpay/coinbase switched their merchant tools from bitcoin to something else.. which many of the DCG cartel are thinking litecoin would be the option if it came down to it. in short if you can no longer buy real world items from the thousands of merchants that accept bitcoin currently, because it all switched over to another coin.. then bitcoin will get affected
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Why are you laying yourself out to evade addressing the dilemma I pointed out?
You can call that coin an altcoin or whatever, but this doesn't change anything. If things are as bad in respect to blocksizes as miners are claiming them to be (not actually miners but some dudes here that are pretending that they are), then, as I said, forking Bitcoin (making an altcoin, in your speak) would be inevitable, and it would be welcomed by virtually anyone (since the situation was dire and no longer tolerable or acceptable). If it is in fact "evitable", then the miners are lying, or the dudes who are telling that the miners "have been screaming for years about the blocksize increase" are lying. So who is lying here?
i am not evading anything. you are evading the drama of the last 2 years+ all the REKT campaigns by the blockstream fanboys. the censorship army all the crap to surpress the need and desires of many for more tx capacity onchain(without the cludgy half baked promises of blockstream devs) EG community voices a problem.. blockstream solution: cut off tongues until no problems can be voiced. then announce that all problems must have been solved due to no one voicing problems anymore devs should be coming up with solutions to problems not fairy tale hopes of solutions with promises of dreams coming true if everyone just goes to sleep for a couple years
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call it the BS coin
abbreviation of BlockStream or Barry Silbert..(they are the same group after all) after all they want it, they own it they can have their minority coin
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25hashcoin probably IS franky1. That guy (or service/business) has many alt accounts to try and influence people here.
nah i am me and me alone. i dont need multiple accounts. i dont need to make new accounts to speak my mind. because i do not fear what people say about me. insults are like whistles in the wind. but ignorance from others simply because they "trust" a business rather than code. really need to learn to grasp what is more important. it might be worth you spending more time reading code and documentation rather than the social reddit fud drama of scripting sheep to sleep your first post It's sad that so many bitcoiners are dumb enough to support B(F)U Chinacoin.
just 2 months ago reveals: 1. your not a newbie to bitcoin 2. you love using the reddit buzzwords(scripts) so its obvious you have more than one account
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Come August 1, franky's going to need to find a new line of work. :-)
come august first you can have your minority coin. seems all you care about is double spending and wanting splits. so go be happy in fiat land when you cash out. its people like you that would happily ruin bitcoin for a quick opportunity to double your coin even if the value (tech) becomes less unique. some people have more smarts to care about bitcoins longevity. not the temporary drama. P.S no one pays me for my opinion. im self sustainable thanks to knowing more than most and being in earlier than most. but have a nice cashout day when you fools get the split you been begging for that dosnt offer you the promises sold to you
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Then you should understand what it comes down to
If you fail somehow, I can help. It pretty much means that those miners allegedly screaming about larger blocks for so many years are outright liars. If there were real necessity in larger blocks (as Larger Blocks advocates seem to claim), forking Bitcoin would be an inevitable outcome greeted and welcomed by virtually everyone (and his fucking dog). But given that miners are not going to fork Bitcoin any time soon, it proves as well that they are up to something else, something different from what they are so vocal about
pools changing the rles without consensus is just them making their own altcoin.. it seems you dont understand consensus.. pools cannot control consensus. pools can only either stick to consensus or make an altcoin.. devs refuse to make an implemntation for pools, users to have a viable choice to change consensus.. with all the REKT campaigns the tower guarding of bips and even all the moderation of reddit and the tech discussion topic of this forum.. trying to get any change that is not blockstream sanctioned is futile i actually hope BLOCKSTREAM devs jump over to litecoin. and then the independant BITCOIN devs remain with bitcoin and then open transparent and no barrier changes can happen again. its gone down hill since 2014 (downhill as in real things that matter, code, control, ethos, direction) - dont reply simply about "price upwards"
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Some guy said something!!!! OMG, this must be huge!!!? "some guy" the Bips tower guard who refuses entry to anything not friendly with king blockstream tell you if you dont like the direction king blockstream is going use fiat.... shows how controlled bitcoin is. bitcoin meant to have no barriers of entry and if the bips tower guard is so arrogant to not want opposition. then he should not be the guard. replace him get someone else in control of the bips that wont shut down idea's purely because they do not lead to the blockstream emerald city via their roadmap
imagine it this way. 1990's microsoft make word '95. someone suggests a new feature.. and bill gates shouts if you dont like it my way then go use a marker pen... microsoft word would hav not grown to be as useful as it is now. it would have just been notepad
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Now try to address the dilemma I stated
If increasing block size is so urgent as you say, why miners don't just hard fork Bitcoin (given their mining monopoly)?
because consensus (real consensus) not the reddit propaganda crap the fudsters script... REAL consensus doesnt work by pools simply making bigger blocks. those bigger blocks would get rejected in 3 seconds
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Until a few months ago, no one talked about satoshis per byte. For years now transactions have been so cheap that you could have addresses with lots of tiny inputs, and it would still cost only 0.0001 or 0.00005 BTC to send. Since I was just a user sitting behind the driving wheel, clueless as to what an alternator or a distributor was, I paid absolutely no attention to the size amounts coming into addresses. Now suddenly, the truth comes forward, and it can now cost tens of dollars to move out smallish amount of bitcoin in an address. It can also cost a still reasonable amount, if you only have one input in an address that you're spending.
Anyway, now we all know better, Satoshis/byte is a real world thing now, and smallish amounts of BTC will be sent less and less frequently, sending bitcoin on chain will not be for tiny amounts anymore, fees will be more reasonable once this turnover of small inputs finishes, and we'll all adjust our usage habits.
everything you said is due to CORE removing many fee control mechanisms. the cost can actually be eleviated by bringing in a NEW 'priority fee formulae' which the fee rises not by how much you spend. but more so how soon you want it confirmed. take this one as an example here is one example - not perfect. but think about it imagine that we decided its acceptable that people should have a way to get priority if they have a lean tx and signal that they only want to spend funds once a day. (reasonable expectation) where if they want to spend more often costs rise, if they want bloated tx, costs rise.. obviously those wanting to spend many times a day can benefit from LN which then allows those that just pay their rent once a month or buys groceries every couple days to be ok using onchain bitcoin.. and where the costs of trying to spam the network (every block) becomes expensive where by they would be better off using LN. (for things like faucet raiding/day trading every 1-10 minutes) so lets think about a priority fee thats not about rich vs poor(like the old one was) but about reducing respend spam and bloat. lets imagine we actually use the tx age combined with CLTV to signal the network that a user is willing to add some maturity time if their tx age is under a day, to signal they want it confirmed but allowing themselves to be locked out of spending again for an average of 24 hours.(thats what CLTV does) to win lower fee and where the bloat of the tx vs the blocksize has some impact too... rather than the old formulae with was more about the value of the tx as you can see its not about tx value. its about bloat and age. this way those not wanting to spend more than once a day and dont bloat the blocks get preferential treatment onchain ($0.01). if you are willing to wait a day but your taking up 1% of the blockspace. you pay more ($0.44)if you want to be a spammer spending every block. you pay the price($1.44)and if you want to be a total ass-hat and be both bloated and respending EVERY BLOCK you pay the ultimate price($63.72)note this is not perfect. but think about it
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well there are many ways to prevent forgery, like this firstly take the example above of your address 1E7em3nT5AdDr35s but this time imagine that the land registry had to be involved in the first 'official' stamp of approval. to vaildate it..
your address 1E7em3nT5AdDr35s is combined with another address 1L4ndR3g15tryAdDress belonging to the land registry service these 2 addresses form a multisig 3E7em3ntL4ndr3gaDdre5s and that address makes the 'log'/'registration' 3E7em3ntL4ndr3gaDdre5s (0.05) => unabletodecode script decoded: DoL L594729 by it being a dual signed 'tx' by both sides this then becomes the 'genesis log'. (proved it was official) where you can prove you are you by signing a message 'i Mr element of 72 main road, klondike, alaska, own 1E7em3nT5AdDr35s' and hand out the public signed message, signed using 1E7em3nT5AdDr35s to anyone wants to query it
now when you sell land you can sell the deed on and just 'spend' the tx with the L594729 token to the intended recipient. no longer needing the land registry service to be involved at each sale.. because the taint of the 'tx' shows the original official genesis log of registration.. so now the only real owner of the land is the latest owner of the token DoL L594729 which has a 'tx' taint that goes back to the genesis tx of said token
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Some altcoin will take the throne if bitcoin doesn't change. Things change... deal with it or be pushed out of the way. Pigs get slaughtered.
And that most likely will be Litecoin Regarding the noise raised by the OP, I have heard many people claiming that miners have been screaming for years about the blocksize increase. If it is really so (I don't know, but let's assume that) and the blocksize increase was as required as they have been screaming, what prevented them from introducing this increase on their own? Okay, some dudes would readily say that they want consensus but if there is no consensus may be the bigger blocks are not in fact such an urgent feature as the miners are pretending it ti be? more like any attempt to make a implementation that offers it gets slammed with rekt campaigns. yet when core introduce something different they want everyone else to follow. but then pretend they dont 'add anything new' EG they dont want to add replay attack protection as thats the job of the opposition but then pretend they dont 'add anything new' EG dynamics.. as thats the job of the opposition. its like their road or F off back to fiat a stable 'reference' client should allow all the bips and then have options/'switches' for users to enable and disable depending on which route consensus follows. core should not be the dictators. but at most facilitator
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you also have Gmax saying that all bitcoin developers will move over to litecoin at 57m30s of video below and how he is happy to help litecoin.. https://youtu.be/LHPYNZ8i1cU?t=57m01syet any software 'brand' that is not blockstream/DCG endorsed he wont touch follow coblee(litecoin inventor) ->coinbase->DCG boblee(coblee's brother) ->BTCC->DCG gmaxwell -> blockstream -> DCG luke Jr -> blockstream -> DCG RustyRuss(LN) -> blockstream -> DCG and ofcourse barry silbert(DCG)-> alansilbert(capitalone healthcare)->hyperledger
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adding onto what brewmaster said as he covered part of what i was going to say then for the layman part imagine you own 1E7em3nT5AdDr35s address usually you go on to blockchain.info and see lots of transactions 1R4ndomAddr3s5 (0.1) => 1E7em3nT5AdDr35s (0.05) 1R4ndomAddr3s5 (0.1) => 1R4ndomAddr3s5 (0.05) now imagine 1E7em3nT5AdDr35s (0.05) => unabletodecode script decoded: DoL L594729 which refers to
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I have talked with one developer and he can incorporate a whole exchange into a single chat bot. You will tell the bot whether you want to buy or sell btc and then will ask how would like to pay like Bank, Webmoney etc and you pay right away on it. There will be a escrow feature as well.
oh so not a chatbot for newb's to learn about bitcoin... but an exchange service.... like an non human/automated irc.bitcoin-otc
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Hi,
So i am looking to make a first bitcoin chatbot! In which fields do you think they can help us in better way and save our time?
Let's brainstorm!
Bitcoin chat bot is not that easy to make because it is very complicated and a chat bot will help the people who are in need and even a person doesn't have the knowledge to help all the kind of problems that we are currently facing now so i think it is just a complicated project to make and it will take a lot of effort before you done that well. not complicated. its just using a similar algo as google search.. grab keywords from text box, show response that contains most keywords where the answers are refined if the keyword(s) is combined by 'who', 'why', 'where', 'when', 'how', 'what', 'which', 'will', 'could', 'should' then the algo gives a more precise response. its more time consuming than anything. usually if a query doesnt get a good answer the query is held and then the dev builds better responses for next time. usually in such an event the algo has set 'error' responses like "dude! ask again, but without the waffle".. followed by "Dude! i heard you the first time, ask something else"... followed by "DUDE!! insanity is trying the same thing hoping for something different."... followed by "DUDE!!!! your the kind of guy that loves telephone menu option 9 'press 9 to hear the options again' right?"
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a chat box where the answers to FAQ's are peer reviewed by non biased people.
otherwise newb's will just get the same scripted fud that reddit provides them
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the other thing can be fake company never making bitcoin. pretends its moved away to set up elsewhere, while publishing numbers of income vs expense in the hopes of grabbing VC money under the pretence they are already established yet only just setting up in the north
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Is there anyone surprised? Core is doing everything they can to stall blocksize increase.
And you believe Jihan is not stalling blocksize? He already dropped BU and those r/btc people all felt for his crap that Segwit is cancer, bad etc. And now he's working on a different version of Segwit..lol Jihan's business model is focused on milking out those high fee's as much as possible. do some real research.. reddit is FUD scripter zone not research zone. stay away from it your first fail is to turn everything into a jihan argument as if the 68%-70% nay/abstainers is just 1-2 guys fault. open your eyes, you will surprise yourself at what you see when you dont use reddit as your source
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4.5 million kwh/month and pay us more than 1 million yuan per month
thats $0.033 per kwh.... not cheap i guess they decided to go up north and stay up north more long term instead of seasonal
Sichuan is now in wet season and the electricity price will only cost 50% of that of in dry season. i added more to my previous post which might add extra depth to the argument against staying in the south.. but hey im just googling..
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