2011 vintage FUD: Deepbit has 51% ZOMG BTC DOOMEDDo "PANIC! Deepbit is too big!" threads and "BTC will never succeed" threads make up over 50% of this board yet?
2016 vintage FUD: 1MB blocks are too small ZOMG BTC DOOMEDThose were warnings about what was coming. The price jumped on pre halving FOMO. ETH went from peanuts to over $1 Billion market cap, now handling 40,000 tx per day that wouldn't fit on the Bitcoin network.
Yep, and the Blockstreamers think it's just a coincidence. And it's a "greedy self interest" (  ) for asking for a simple scaling solution that could pretty much be implemented immediately.  |
|
|
|
You left out the part where the $0.04 USD fee that today guarantees inclusion in the next block is dragging bitcoin down. 4 cents?!  That's a very high price to pay for simply transferring value to anyone/anywhere, securely and with no permission required.  We were told Bitcoin is magic internet money. Since when does magic require outrageous, unaffordable, disproportionate 4 cent fees? Bitcoin must promise FREE TX 4EVA, or it will be replaced with altcoins. I thought this was America.  BlockedSchemeCore is crippling and strangling baby honey badger in his crib. 4 cent transaction fees are Evil BlockedScheme's way to sabotage Bitcoin. They are rearranging the deckchairs on the Titanic. /incoherent Gavinista buttraging |
|
|
|
The main point about this is that dogie lied and that nobody seems to care that much.
I don't think the (alleged) lie that dogie said is relevant to anything. What dogie paid to his attorney is between him and his lawyer. It is also not uncommon for attorneys to work on contingencies in that they do not get paid unless they win (and/or settle in their favor) the case and collect on the judgment. I believe that the primary issue that dogie is owed a substantial amount of money from Spondoolies-Tech, as well as the fact that Spondoolies-Tech took substantial amounts of money under questionable circumstances. Spondoolies may have preferentially/illegally paid RoadStress using money/coins owed to dogie and other creditors. The bankruptcy court should be looking into when/why RoadStress was paid before/instead of dogie and other creditors, how much he was paid to shill and attack, and whether it's worth clawing back those (cash or BTC?) assets. |
|
|
|
Unpainted looks great!  Not sure if Monero Orange will go well with the shiny copper. Can I buy a Mustang Box of 500 oz?  Do you mind if we send you a new copper coin as a free sample to evaluate it first?  I will feel more comfortable to sell you a bunch after that when we are absolutely sure it's exactly what you really want. That would be great! I'm happy to put up some pictures and a review for potential buyers to consider. |
|
|
|
Adam is suing Spondoolies-Tech, so I can't engage him. Not sure you know what "can't" means. ROFLMFAO |
|
|
|
I tried to make a margin move and got caught with my hand in the cookie jar!  I was sorely tempted to go leveraged long at ~180k, but didn't due to 1. Pegasus' "don't be me" advice, and 2. my obscure 2FA device takes a while to boot up. /shoulda woulda coulda  |
|
|
|
[ScamDoolies apologetics]
tl;dr"ScamDoolies Nebber Hert Nuffen!" |
|
|
|
I can't believe you actually consider segwit (on it's own) to be a solution to anything.
It's just a re-arrangement of information in the blocks, an accounting trick that is overly-complicated just to get a slight boost in transaction capacity. 2mb would be far more effective, simple and efficient. And that's what bitcoin needs right now - simple efficiency, not overly complicated solutions that require every single wallet's code to be completely rewritten just for one change to work. Segwit on it's own solves the transaction malleability problem, thus enabling payment channels and true scaling at Layer 2. Is that clear enough? I doubt it's possible to explain this idea using smaller words or a shorter sentence. 2mb, like segwit's ~1.75mb, is also a "slight boost in transaction capacity." I'm not sure how you've convinced yourself there's a huge "far more effective" difference between their tps increases. A contentious hard fork is anything but "simple and efficient." Didn't you notice that at some point during the last year of XT and Klassik debacles? I guess the phrase "catastrophic consensus failure" is absent from your conceptual database. How can you be so sure of yourself and so wrong about the facts? Are you Mike Hearnia or something? Most modern wallets will support segwit, just as they are starting to support RBF. That's progress, and it didn't require the wallets to be "completely rewritten." Take your ignorance and malicious falsehoods back to rbtc. They have no power here.  |
|
|
|
WTF is going on in this thread? RoadStress' pre-order ASIC scam imploded, but not before swindling millions of $$$$ through a fraudulent merger. When called out for this behavior, the response was to delete critics' posts. When we moved to an unmoderated thread, the response was to crapflood it with very long xposts and NSFW pics of dog bollocks. RoadStress is, as usual, keeping it classy. |
|
|
|
Half of all Klassik nodes disappear, then /u/hellobitcoinworld takes the money donated for mining Klassik blocks and runs... |
|
|
|
each voting cycle guarantees that approximately half of a population will be frustrated or disappointed with the binding outcome, leading to ever-increasing festering resentments. In crypto, the safety valve takes the form of "I used to hodl X but now I hodl Y" That's a fine explanation of the winnowing consequences of an iterated zero-sum game, such as Masternode-voting-based Budget Blocks. We're already seeing the Dash community fighting over the budget like jackals over a dead pig. The result is an endless Dash Civil War, with (at least) two sides being relegated to Winner and Loser status in each voting cycle. As you note, the Losers slither away to some other coin leaving a smaller number of combatants for the next budget battle. That negative feedback loop is exactly why I'm highly skeptical of all formal crypto-democracy governance systems. IMO only informal, dynamic structures may adequately support the invisible hand of the market (for technical reasons relating to information/incentive degradation via reification). Decred has the best approach to solving these problems, such as requiring tickets to stake but also supporting stake pools. Dash should have had protocol-level stake pooling long ago, so users with less than 1000 DRK don't have to depend on commercial 3rd party Masternode sharing services. |
|
|
|
Why do we need to see an invoice from anyones solicitor? This is private information.
As for spondoolies; The arrogance and superior attitude of people like Guy and roadstress is what destroyed that company. How do you feel now about deleting posts and mocking people that questioned you? Things would be different for you today had you made intelligent decisions guy et al. RoadStress' demand to see dogie's private legal invoice is a distraction from the real issue, which is who is RoadStress and how much was he paid to shill for ScamDoolies' exit scam (and whether he should be subjected to Cypherdoc-type asset clawback). |
|
|
|
How much for the joy of seeing the chip knocked off RoadStress' shoulder and the scammer shoe put on his foot? Oh wait, that's priceless. The best things in life are free; for everything else there's Visa Bitcoin. Try harder! That's the best part about all this; I don't need to "try" at all, because you (and your hubris) did all the work for me. Now you get to know how it feels, without benefit of factual context (much less due process), to be judged a scammer for nothing more than supporting an honest/innovative ASIC company doomed by market conditions. Enjoy your newfound, yet permanent, status as a disgraced shill for an exit scamming bankrupt parade of FAIL.  |
|
|
|
Anybody notice all the commotion on dash forums? Seems like we got quite a few upset individuals about the DGBB system. Trying to get a better idea of what's going on if anybody has any insights.
"Distributed Governance By Blockchain" was always a hopeless pipe dream at odds with the actual reality that Duffield 100% controls Dash. The recursive "reinvent all the things, with moar shiny blockchains and trendy decentralizations" was never going to lead anywhere but endless frustration. Unlike an open-ended, pay-what-you-want project funding system, Dash's centralized, inflationary budget blocks create a zero-sum outcome where the incentive structure requires successful proposals to defeat other ones in order to be funded. That's a recipe for conflict. Yes, only a hard fork away from Duffield, secret X11 ASIC mines, THE DARKCOIN FOUNDATION, INC., and the [problematic early emission] can save this project. That's why Dash Classic is being implemented as a Bitcoin side chain. It will enjoy all the benefits of Dash's masternode tier and Bitcoin's POW network, without the burden of fake "DGBB" gimmicks and legacy of snake oil marketing. |
|
|
|
#R3KT
|
|
|
|
Dear friends!
In addition to the pure silver coins we are considering to mint brass Monero coins.
What color do you like more? I don't need a brass coin, but would like a (few dozen) 1oz .999 copper Monero. The test pure copper coin is at the left. At this moment without painting Monero sign with Orange and Grey. What do you think? Should we keep it like this? Or better add Monero colors as with the pure silver coins?  Unpainted looks great! Not sure if Monero Orange will go well with the shiny copper. Can I buy a Mustang Box of 500 oz? |
|
|
|
How would you guys compare Decred's voting system to the DAO ( of Ethereum) ?
there seems to be much more hype around DAO but Decred's going to implement something similar to Eth/DAO if I understand correctly?
I'm looking at both Decred and DAO and studying them both from teh PoV of decentralized voting crypto
DAO and Decred have the best chance of making their crypto-democracy projects work. They're using different approaches and have different goals, which may overlap and become mutually supportive in the future. If you want to see the same idea done very badly, check out the raging controversy about Dash's "DGBB" (Distributed Governance By Blockchain). |
|
|
|
What would the release of NXT 2.0 solve?
I mean what advanateges or features would it have compared to the current NXT version?
NXT 2.0 is an attempt to solve the problem of nobody caring about, much less using, NXT 1.0. The advantage of NXT 2.0 is that it may bring in fresh infusions of cash from noobs who missed the NXT 1.0 fiasco. |
|
|
|
The problem is there are a few accounts that have been created for the sole purpose of fudding pumping this coin.
There, I fixed it. |
|
|
|
|
Show Posts
