In the recent price rush of bitcoin and following price drop we already had legit transactions filling all the blocks. Which led to me losing money because my decently feed transactions didn't reach the exchange fast enough. Or not in the normal speed. Took hours. Which can be deadly with volatility of bitcoin price.

So it is not a hypothetical problem, it is live on here. Legit transactions, no spam. And the system is not enough unlimited to be reliable. Imagining that this should be the normal state and a high percent of legit transactions will never confirm can only mean death to bitocin.

I think if most really fear to drop the limit completely, which looks like it is the case, then there should be enough space for a relatively big adoption wave. Not sure in which amount of transaction raise. And new forks need to be ready to being rolled out in case that is not enough.

I agree that there might be a centralizing effect. But that effect is not even high enough than the technical development. The harddisc spaces doubles how often for the same price? The cpu-power doubles how often for the same price? Internet speed grows constantly too. And so on. If some old computers has to be replaced then this is the natural way it went all the time till now. Why should bitcoin be different there?

And be honest... what pressure? Even when we would have 2 MB blocks in 2 years... that is nothing each 10 minutes. This is like some spook that is painted on the wall... but it simply has no substance.

So i see that there might be an effect but that effect is easily eaten by the technological progress. In reality it will not be a problem. Of course when one thinks the way that we will use the same old tech in 2 years then it might be that there is an effect. Though that is simply far away from reality.

He got his coins back long ago and his arguments are stupid. Without escrow he would have lost everything, he already received 2 times of the amount back before from me, where he could prove that it is his, and he made a ruccus so that i believe it was only to provide pressure. It's unfortunate that good behaviour went down on the forum. Probably because some people really gave in then and do what the other demands.

At the end it really is not that hard. Simply send only from addresses you control so that you can proof you sent it.

I already answered you by pm though since you asked here too, i'm not related to the coin directly, i only was escrow for the ICO, means i held the investors bitcoins until they received their dcyp. I waited three days and asked if anyone sees problems and then i released the bitcoins to the issuer.

If you think that way then trading bit- or altcoins would be unethical too since every won bitcoin was lost by others. It's a zero game. If someone wins then some other is losing.

Und es fällt einfach ziemlich leicht zu glauben dass ein Staat die Stabilität einer Währung gewährleisten kann. Bzw ist fiat geld ja eigentlich ein Schuldschein der aussagt dass man mit diesem Schuldschein Wert vom Staat erhalten kann. Der Glaube an den Wert kommt dann halt aus dem Glauben in die Fähigkeit des Staates diesen Wert zu erbringen.

Dummerweise scheinen nicht wirklich viele zu erkennen dass diese Fähigkeit sehr fragil ist. Die Staaten haben so viele Schulden dass sie praktisch nie diese zurückzahlen können.

Sounds like the best way to lose your 50BTC. I don't know a way to have more than 50BTC at the end. In most cases you will have less than before.

Das nächste ist ein 4K Beamer. Glaub mir, die Teile sind richtig geil. Damit kannst du sogar 2D Filme automatisch in 3D konvertieren lassen. Und die Qualität ist so wie bei Filmen die nachträglich fürs Kino zu 3D aufbereitet wurden. Aus 2D Basis. Keine Ahnung wie die das machen aber es ist toll.

Dazu so ein Soundsystem und jedes Computerspiel oder Film wird richtig geil. Leider trotzdem einige Tausend Euro. Aber wenn man dementsprechend Zeit hat um das auch zu nutzen kann ich das nur empfehlen. Ich hab sie leider nicht mehr und hab meinen verkauft... :/

Ich frage mich allerdings gerade ob Ocolus Rift langsam so weit ist um es mal auszutesten.

Thank you for the info. I wonder what the trustee has to evaluate. The data is digital so it should be a matter of seconds to go through it. Does he do background checks of the users?

Is there any update for the mtgox claims via kraken? I have read the one in charge extended the time a bit in which one can claim his coins but at one point they have to pay out i think.

So what is the status?

I had to laugh. Since yes, this is something you, unfortunately, learn in the bitcoin community. The fact that bitcoin is money tends to bring out the worst of some humans. Well, not much can be done, i was scammed often enough and decided i might help others by providing escrow service. I like to think that i safed a good bunch of people from being scammed that way. In fact i know it.


I agree.


Agree again.


I did not watch them so closely but i will take your word on this. I myself think that blockstream is an interesting thing. It very well can have their share. But i believe it would not be much more then Ethereum or NXT... WHEN bitcoin would work fully fine. IF bitcoin would not work, then blockstream might prosper. And that is the whole problem i have with this. It's like they decided to have their own private "bitcoin" and in order to let everyone switch to their coin they misuse their position to stop the changes that wanted to be done by the other developers.

Well, i might be wrong and they really have no such motives and they really believe all this... nonsense... of centralization, because some old computers cannot be nodes anymore, or that we need a fee market for some reason no one than they can understand. But these arguments seem so far fetched that you ask yourself if they did not find better ones at all.


I really really would like to see a idealistic coder who develops an alternative client that can not be attacked so easily like bitcoin xt. My impression might be wrong but i have the impression that the majority of bitcoiners see that pressing bitcoin into that 1mb cage can in no way be a good thing for future development. And i'm sure many would switch. I mean value of a chain gets established by the trust and believe of it's users. Majority should win i think.

And i can understand it even though iam for bigger blocks because they are inevitable for a healthy grow of bitcoin. Ok, most XT-Fans did not want hearn and only wanted to make a point by support bigger blocks with it. But hearn and his stupid ideas and acts really destroyed a lot. Stupid person. Either he doesn't know what he does or he does and has different plans.

I only hope there is some independent developer who can offer a solution. Why gavin did not do his own thing even though he was critical of hearn... that's out of my understanding. He could easily have changed this topic if he would have acted smarter.

"lame noobish projections" Um... says november 2013 to june 2011.

And why the heck to you denigrate those that see the problem with small blocks and want a change as social media shitstormers? That doesn't sound like arguments but like something less worth.

If you try to make up the 12.5bitcoins that will be lost in next block halving with fees then calculate for yourself how high the fees for the transactions must be. Or see here: https://blockchain.info/block/0000000000000000014d2a3a95fcce5d6a884f0f9dd37fe0c91d3926f0481adf

Big block, nearly full. Fee 0.5 btc. If you want to make up for missing 12.5 btc in block reward you would have 13btc fee. 2713 transactions. 13 / 2713 = 0.0048 btc. Which translates to pretty exact $1.5 fee for every transaction. milk maid calculation of course. But expensive like paypal. You would lose the next positive point that speaks for bitcoin.

And regarding your fee market. You realize that the last days and weeks we have delays in confirmations because LEGIT transactions are so many? Bitcoin price is dancing and everyone wants to transact. I lost yesterday some money because my transactions with a really not bad fee were hanging in limbo for hours while the bitcoin price dropped even further in the meanwhile. If that is the great fee market then the future doesn't look bright.


Well, you already lost the miner decentralization. And it won't come back. Interestingly satoshi has foreseen that and he was not concerned.

But your fear of normal people not being able anymore like they can do it today sounds slowly like fud for me. There will be no 8mb blocks the next day. And even when, you really argument like running a full node is making a normal computer work at his limits. The truth is far away from that. Why always referring to computers built 10 years ago? Or to developing areas that might bring out another 0.1% nodes if we hold it at 1mb blocks. It simply makes no sense to claim everything will break only because we have to work on 1, 2 or some additional mb of transactions everyt 10! minutes.

Maybe it would be easier when you describe which computer setup you think has to have problem with constant 2 mb blocks. Or 8mb blocks. Please explain which group of computers and or users we would lose then.

Do you speak about the propagation time? That is no argument since a long time anymore. You know the miners that create empty blocks to have an advantage in propagation time and maybe even orphan big blocks? Some built a network, i'm not sure about the name anymore. Maiks Propagation network or so. If you are a miner and take part there then your full block gets propagated in 2 seconds or so. That will outperform any normal zero transaction block that is normally propagated.

Your argument, when i understand it right, is something like, "we have modem speed internet, we only can have 1kb blocks because otherwise someone with isdn? has an advantage." Though you totally forget that internet speed is developing constantly with time.


I think the possibility to create forks is there all the time. Then the question is which of the fork will be seen as THE bitcoin. And who decides that? The users. If 90% of bitcoiners decide that a fork is the real bitcoin now then it is the case and that bitcoin will have the value because they trust in the value.

Though one might ask what happens when the users on both sides sell the coins they own on the other side to push the price of the enemy bitcoin down. Might be that the one with many bitcoins can do a lot more damage then. Or maybe they would not. Because when they sell all these coins and this chain still wins, then they have nothing anymore. It's a gamble.

At the end the bitcoin value is based on trust that it has a value. And that trust gets decided by the users.

That would be true only for a short time until the difficulty adjusted. If really so many miners stopped instantly, which would not happen in one day timeframe, then it could mean that new blocks are only found every 25 minutes or so. Then when the difficulty adjusted then it should be again at 10 minutes.

That was because the stresstests. Someone created piles of junktransactions with a sligthly higher fee than legit transactions so that miners included the more expensive transactions and normal transactions got stuck. The problem was not that too view miners exist but that each block only can hold transactions worth 1mb of data.

By the way... the last days we have full blocks without spam attack. Many transactions are not confirming for a long time even though they have a good enough fee. Only because some people think we should not raise the blocksize limit.

The empty blocks are normal. Some miners do that all the time. The idea behind is that a block with only one transaction can be propagated faster through the network. Reaching >50% faster and maybe orphan other blocks that are big and can be propagated slower.

But there is a network to spread big blocks in 2 seconds or so. Every miner using it will not need empty blocks anymore. It is no argument anymore that you need to use empty blocks for an advantage.

So i lost some money yesterday because my legit transactions with enough fee did hang unconfirmed because there were too many legit transactions to get included. Great outlook on the future if the 1megabyte blocks remain.

Lets say $1000 already should be a problem when i see the orderbook for coinousd. And in the case you need it you want to exchange fast because most probable the bitcoin price is crashing at that moment.

You still would have to trust the platform that you get your fiat out when you want to, right?