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2181  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 10:32:28 PM
Most people live from paycheck to paycheck and don't use / hold any of these. Not sure which planet you live on.

Exactly. So how exactly do you suggest all those poor people is somehow going to make Bitcoin valuable.

Bitcoin will be powerful beyond reach if it attracts only the gold market. Your obsession with catering to the masses is going to be your downfall.

You are delusional. Bitcoin is not going to gain value by mainstream consumer usage. It is going to gain value by attracting all the capital in the world looking for a deflationary, censorship-resistant store of wealth. Think outside of the box for a second and stop acting like Bitcoin is goddamn startup for god sake
2182  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 10:25:27 PM
What hypocrisy! Such nonsense!

The BIP101 leaders started the movement of stifling productive technical discussion in exchange for political posturing. Your intention is nice and all but you have this completely backward. The onus was always on you to provide proofs of the technical merits of BIP101. It failed. Maybe you can take a last shot at it but lemme say chances are not on your side.

This is the kind of thing I'm talking about.  Straight away it's "political posturing" and I have to try to fight the urge to go on the offensive.  It's entirely possible to express that belief in a less pejorative manner if you try.  People seem to take issue with the way the BIP101 leaders launched their proposal.  Why is it immediately an illicit and suspect act to confer with mining pools to see how they react to it?  If you had written a proposal of your own, would you not have bothered to consult with them to see if anyone would actually support it first?  Sounds like common sense to me.  Would it not be fairer to say that while you don't approve of the manner in which they chose to consult with the miners, it was helpful in getting their proposal off the ground.  And while you might perceive it to be a "power grab", you recognise that others might see it in a more innocent light?  But again, this is just discussing the personalities and not the actual issue of blocksize and doesn't really get us anywhere, so moving on.

I see BIP101 as a simple and straightforward solution to an issue I perceive with capacity, but concede that there is a possibility that it could potentially jeopardise decentralisation in future if left unchecked.  However, I understand and recognise that you see BIP101 primarily as a threat to decentralisation and see less of an issue with capacity.  So the question is, what in your mind wouldn't be a threat to decentralisation while still conceding some ground on providing a little more capacity?  What compromise can we move towards?  Can we find some common ground in BIP100 or upal's BIP1xx proposal?  Introducing a dynamic aspect where the blocksize can be increased or decreased based on what the network is handling sounds reasonable.  Is that something you would find more acceptable than a preemptive and continuous increase?

Doesn't that sound more constructive than "hypocrisy" and "nonsense"?

What isn't constructive is your naive attitude. You seem blatantly unaware of how things unfolded and how we got here. This mess you denounce is the result of Gavin & Mike's actions. Now somehow we're to blame because we call bullshit?
2183  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 10:22:23 PM
Having a clear scalability path in a clear time frame is what all of the big businesses need. Too bad you and Core are just too blind to see this but we are now facing the consequences. Now face it.

Bitcoin is about decentralized, transferable value. That's what is important. Keeping that system robust is paramount. Security and consensus come first. What a few corporate executives think should have no bearing on that.

It goes like this: adoption --> scaling. We are missing the first part.

Maybe you should understand that for big businesses it goes like this:

System that guarantees scaling  --> marketeer (which cost money)  --> adoption

Not the other way around.

That's not logical. There is no logical reason why an increased block size limit will encourage adoption. It could enable more transactions per block, sure. That has nothing to do with what you're suggesting. I can increase the size of my bed. Doesn't mean I can expect an ever-increasing number of women to get in it, simply because there is more room. (In fact, there may be unexpected problems. Someone may notice all the unused space in my ever-larger bed, and start using it for storage or other activities that =/= my original intention of getting women in my bed)

Regardless, what a few corporate executives think means nothing, particularly if their ideas threaten the robustness of bitcoin. I don't care how they want to market their products -- bitcoin will be adopted because it is a decentralized, transferable form of money, with or without them. Bitcoin is not a product. We are not dependent on companies marketing it.

The question is, to what extent does adoption warrant scaling? And how can we do that responsibly, keeping the network secure?

It might not make sense to you but from any investors perspective it makes tons of sense. You might not care about they thing but be sure that they don't care about what you think either and they have deeper pockets than you. You are delusional if you think adoption will happen by "itself" because of "decentralization". The poeple on the street doesn't give a damn about this.

And yes, bitcoin IS a product.

Only a simple mind like yours would believe Bitcoin is a product to be sold to "people on the street".

You're a clueless noob

It's either this or a little niche experiment and no more.

Are people on the streets using gold, SDRs, derivatives? You obviously have no idea what constitutes an economy. To use a Mircea quote:

Quote
The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.
2184  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 10:16:17 PM
Having a clear scalability path in a clear time frame is what all of the big businesses need. Too bad you and Core are just too blind to see this but we are now facing the consequences. Now face it.

Bitcoin is about decentralized, transferable value. That's what is important. Keeping that system robust is paramount. Security and consensus come first. What a few corporate executives think should have no bearing on that.

It goes like this: adoption --> scaling. We are missing the first part.

Maybe you should understand that for big businesses it goes like this:

System that guarantees scaling  --> marketeer (which cost money)  --> adoption

Not the other way around.

That's not logical. There is no logical reason why an increased block size limit will encourage adoption. It could enable more transactions per block, sure. That has nothing to do with what you're suggesting. I can increase the size of my bed. Doesn't mean I can expect an ever-increasing number of women to get in it, simply because there is more room. (In fact, there may be unexpected problems. Someone may notice all the unused space in my ever-larger bed, and start using it for storage or other activities that =/= my original intention of getting women in my bed)

Regardless, what a few corporate executives think means nothing, particularly if their ideas threaten the robustness of bitcoin. I don't care how they want to market their products -- bitcoin will be adopted because it is a decentralized, transferable form of money, with or without them. Bitcoin is not a product. We are not dependent on companies marketing it.

The question is, to what extent does adoption warrant scaling? And how can we do that responsibly, keeping the network secure?

It might not make sense to you but from any investors perspective it makes tons of sense. You might not care about they thing but be sure that they don't care about what you think either and they have deeper pockets than you. You are delusional if you think adoption will happen by "itself" because of "decentralization". The poeple on the street doesn't give a damn about this.

And yes, bitcoin IS a product.

Only a simple mind like yours would believe Bitcoin is a product to be sold to "people on the street".

If you think a bunch of corporations and VCs rule over Bitcoin you are beyond help.

You're a clueless noob
2185  Bitcoin / Bitcoin Discussion / Re: Mike Hearn response to "An Open Letter to the Bitcoin Community" on: September 02, 2015, 09:25:26 PM


Like I said earlier, doing nothing is preferable to jeopardizing security.

again, most people agree Bip102 doesn't jeopardize security , but the devs would rather do nothing.
Doing nothing until there is a crisis and then rushing an emergency fix seems more dangerous than going with a reasonable approach now and testing the hell out of it.  And this is preferable to jeopardizing adoption too.

If we have the opportunity to fork the network only once this is what we should aim for. There is still no hurry to adopt BIP102 or any proposals until every alternative has been worked through.
2186  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 09:06:04 PM
It was the first proposal that saw any significant attention and rather than suggesting improvements and offering constructive criticism on how to improve it, all we saw was a barrage of accusations of ill-intent from the offset.  

If you disagree with the BIP101 proposal, or any of the proposals for that matter, fair enough, but do it in a less hostile way.  At least state your reasoning in a fashion that doesn't make you sound like you're deliberately trying to troll, like this stupid #rekt meme. Then you'll find when people come to defend the proposal, they won't be as hostile towards you and there might actually be a hint of a sensible discussion.

Stop the "XT vs Core" crap
Stop the "1mb vs 8mb" crap
Stop the "Blockstream vs Gavincoin" crap

It shouldn't be "anything vs anything" because that's not helping.  It should be "here's option A, these are the pros and cons.  Here's option B, pros/cons.  Option C, etc.  Clear and analytical discussion.  Can we try that just for a change?  

Wouldn't that be nice?

Actually, I believe I and several others have been trying quite hard to have a constructive conversation about the merits of BIP101. The problem is assuming that respondents won't be hostile as a result. In that sense, I think your characterization is very inaccurate. Dishonest arguments are the name of the game here, unfortunately.

Populist arguments are with us because the issue is a) controversial and b) highly technical. The easiest way to defend your position, therefore, is to avoid discussing technical merit and focus on making your opponent's proposal appear to be scummier (dictators! broken consensus! not acting in a timely enough manner! blockstream shills! CIA plants!) than your own.

 Cheesy Cheesy Cheesy What hypocrisy! Such nonsense!

The BIP101 leaders started the movement of stifling productive technical discussion in exchange for political posturing. Your intention is nice and all but you have this completely backward. The onus was always on you to provide proofs of the technical merits of BIP101. It failed. Maybe you can take a last shot at it but lemme say chances are not on your side.
2187  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 09:04:13 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.

Actually this noob you are talking to is likely not to learn anything. Grin

I guess this is good for adoption right?  Roll Eyes

I could careless about some noob having its bitcafe transaction delayed.

The only adopters I care about is those that will buy and hold. This has no impact on them.

Both goes together, you should know that. No one is going to buy and hold if no one will be able to use these bitcoins at some point for either  buying a cafe or whatever else. Speculators speculate on real market movements. Crippling the block size can only cripple the market which will makes speculators fleeing away.

You know what makes speculators flee away? Attacking Bitcoin's trust.

Also, but the sole responsible is Core devs not delivering what the market asks in a timely manner.


Understand that some have a different conception of Bitcoin's role in the future monetary system. The value Bitcoin offer is not in cost-effective or fast transaction and you are only fooling yourself if that is what you speculate on.

Bitcoin is the world's monetary reserve. A new gold standard. No one historically has bought and piled stacks of gold because derps were using it in transactions.  

Actually yes. You should go back read your history books. No one will treat bitcoin as a reserve currency if it cannot be used a currency first.

I suggest you find better history books.

Gold originated as a store of value in the form of collectibles, jewelry that would be gifted between different individuals of a tribe. The more they accumulated the bigger their wealth and status was. Gold was scarcely used as a transactional currency given its value. Other instrument were devised for that function.

https://en.wikipedia.org/wiki/Gold_standard

Quote
Origin
The gold specie standard arose from the widespread acceptance of gold as currency.[7] Various commodities have been used as money; typically, the one that loses the least value over time becomes the accepted form.[8] The use of gold as money began thousands of years ago in Asia Minor

No more arguing with you. You are helpless.

Please  Cheesy Cheesy Cheesy You're quoting Wikipedia

Everyone with an ounce of knowledge of history knows damn well gold's use as a transactional currency was marginal. Gold was mainly used to store wealth, as is the case today.

It's as if you people would rather have Bitcoin replace VISA than it replace gold...
2188  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:54:19 PM
Having a clear scalability path in a clear time frame is what all of the big businesses need. Too bad you and Core are just too blind to see this but we are now facing the consequences. Now face it.

Bitcoin is about decentralized, transferable value. That's what is important. Keeping that system robust is paramount. Security and consensus come first. What a few corporate executives think should have no bearing on that.

It goes like this: adoption --> scaling. We are missing the first part.

Maybe you should understand that for big businesses it goes like this:

System that guarantees scaling  --> marketeer (which cost money)  --> adoption

Not the other way around.

Bitcoin is not a business you idiot. It is a reserve currency for an economy.

The Knight22 formula!


2189  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:48:42 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.

Actually this noob you are talking to is likely not to learn anything. Grin

I guess this is good for adoption right?  Roll Eyes

I could careless about some noob having its bitcafe transaction delayed.

The only adopters I care about is those that will buy and hold. This has no impact on them.

Both goes together, you should know that. No one is going to buy and hold if no one will be able to use these bitcoins at some point for either  buying a cafe or whatever else. Speculators speculate on real market movements. Crippling the block size can only cripple the market which will makes speculators fleeing away.

You know what makes speculators flee away? Attacking Bitcoin's trust.

Also, but the sole responsible is Core devs not delivering what the market asks in a timely manner.


Understand that some have a different conception of Bitcoin's role in the future monetary system. The value Bitcoin offer is not in cost-effective or fast transaction and you are only fooling yourself if that is what you speculate on.

Bitcoin is the world's monetary reserve. A new gold standard. No one historically has bought and piled stacks of gold because derps were using it in transactions.  

Actually yes. You should go back read your history books. No one will treat bitcoin as a reserve currency if it cannot be used a currency first.

I suggest you find better history books.

Gold originated as a store of value in the form of collectibles, jewelry that would be gifted between different individuals of a tribe. The more they accumulated the bigger their wealth and status was. Gold was scarcely used as a transactional currency given its value. Other instrument were devised for that function.
2190  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:36:40 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.

Actually this noob you are talking to is likely not to learn anything. Grin

I guess this is good for adoption right?  Roll Eyes

I could careless about some noob having its bitcafe transaction delayed.

The only adopters I care about is those that will buy and hold. This has no impact on them.

Both goes together, you should know that. No one is going to buy and hold if no one will be able to use these bitcoins at some point for either  buying a cafe or whatever else. Speculators speculate on real market movements. Crippling the block size can only cripple the market which will makes speculators fleeing away.

You know what makes speculators flee away? Attacking Bitcoin's trust.

Understand that some have a different conception of Bitcoin's role in the future monetary system. The value Bitcoin offer is not in cost-effective or fast transaction and you are only fooling yourself if that is what you speculate on.

Bitcoin is the world's monetary reserve. A new gold standard. No one historically has bought and piled stacks of gold because derps were using it in transactions.  
2191  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:32:10 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.

Actually this noob you are talking to is likely not to learn anything. Grin

I guess this is good for adoption right?  Roll Eyes

I could careless about some noob having its bitcafe transaction delayed.

The only adopters I care about is those that will buy and hold. This has no impact on them.

adopters that will buy and hold, do so in the hopes one day everyone is doing "bitcafe transaction"

so maybe you should care?

I buy and hold and I sure hope no one will have to buy coffees on the Bitcoin blockchain. What a pain!  Undecided

I thought you had a more interesting vision for Bitcoin Adam  Sad I'm sorry to break it to you but smart adopters are definitely not buying in hopes of mass-consumer adoption scenario.
2192  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:22:03 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.

Actually this noob you are talking to is likely not to learn anything. Grin

I guess this is good for adoption right?  Roll Eyes

I could careless about some noob having its bitcafe transaction delayed.

The only adopters I care about is those that will buy and hold. This has no impact on them.
2193  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:13:23 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.

Actually this noob you are talking to is likely not to learn anything. Grin

 Cheesy

Yes I commented on this issue here:

Until then it seems your head is too far up into your ass to make any kind of valid judgement.
2194  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:08:41 PM
Wait for all the noobs coming here in panic because their transactions don't make it through. That test is far from being over.

Noobs will learn. That has no impact on the status of the Bitcoin network.
2195  Bitcoin / Bitcoin Discussion / Re: Mike Hearn response to "An Open Letter to the Bitcoin Community" on: September 02, 2015, 08:06:59 PM
In 12 months, average blocksize will be about 1mb on the current trajectory,
never mind spikes, unforseen circumstances, and the many months time
needed for consensus and rollout.

How long do you think we should wait?

If a solution is obviously needed consensus will be easy establish once we've taken the time to lay out the proper alternatives for implementation.

It is absolutely reasonable to stay as long as possible under current limit and reaching it so far has caused nothing but healthy fee pressure.

Understand that there is still a ton of spam transactions on the network daily which could be better handled off-chain for their absolutely don't need the security of Bitcoin.
2196  Bitcoin / Bitcoin Discussion / Re: Mike Hearn response to "An Open Letter to the Bitcoin Community" on: September 02, 2015, 08:03:15 PM
Core should clearly revise their priorities then. Their prioritizations are an obvious failure. No one could argue with that.

Failure? How?

I don't see how the Bitcoin network running smoothly as it stands (which it wouldn't if it wasn't for their work) is a failure?
2197  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 08:00:12 PM
Again it's not dishonest.
It is, try to read once more. Your arguments have nothing to do with what poeEDgar has said.

Their inactions are speaking louder than their actions. If they would have been really honest in solving the block size issue in a timely matter they would have communicated a clear path for doing so. Which they didn't.

THAT is either dishonest or incompetent.  
Inaction? brg444 has given you a summary of what has been done by them in the recent years for Bitcoin scalability.
Jesus Christ, why are they gathering in Montreal in two weeks then? Because they are dishonest or incompetent? Or maybe to try to find a solution?

It gets really pathetic.

Ok so where is the deadline then for those solutions then? Because it all come to this.

Why should there be a deadline?

Ask Coinwallet.

Anybody reported on Bitcoin being broken today? I don't see how these idiots throwing fees the miners way is somehow a problem.
2198  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 07:57:25 PM
Again it's not dishonest.
It is, try to read once more. Your arguments have nothing to do with what poeEDgar has said.

Their inactions are speaking louder than their actions. If they would have been really honest in solving the block size issue in a timely matter they would have communicated a clear path for doing so. Which they didn't.

THAT is either dishonest or incompetent.  
Inaction? brg444 has given you a summary of what has been done by them in the recent years for Bitcoin scalability.
Jesus Christ, why are they gathering in Montreal in two weeks then? Because they are dishonest or incompetent? Or maybe to try to find a solution?

It gets really pathetic.

Ok so where is the deadline then for those solutions then? Because it all come to this.

Why should there be a deadline?
2199  Bitcoin / Bitcoin Discussion / Re: Mike Hearn response to "An Open Letter to the Bitcoin Community" on: September 02, 2015, 07:53:30 PM
The problem is how we get there.  It looks very much like we are being steered into making a premature decision that makes it harder for us to have a say over future decisions.  We have a few devs who have created what they think is a solution to a future problem and we have coinwallet.eu trying to force the issue now.  So it looks very much like we are being pressured to make a decision when we don't need to and obviously that is creating blowback.

Bingo.

There is no bingo. What got us here is Core failing to deliver a solution in a timely manner.

Core is the problem, nothing else. Accusing the market that might be ready to make a move and that is sending clear signals is just immature.

You were sold the lie that it was a pressing matter and that we should address it with urgency. What do you know anyway about their actions?

Quote
Much work has already been done in this area, from substantial improvements in CPU bottlenecks, memory usage, network efficiency, and initial block download times, to algorithmic scaling in general.

These guys have been busy fixing bottlenecks that necessarily meant your 8MB blocks would've been useless. They are the scalability champions of Bitcoin so far in its life and you impressionable noob would rather we side with two irresponsible defectors who themselves stifled technical discussion and consequently derailed the incentive to continue productive work toward resolution of the issue by wasting time doing damage control because of the XT fiasco.

Mike & Gavin's actions are the epitome of dishonesty and incompetence. I am absolutely joyous that they have shown their true face and their exile from the community will be a blessing.

2200  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: September 02, 2015, 07:52:06 PM
And those who think they can wait forever are delusional. Time = money, you are about to experience it the hard way.

This is the crux of the argument for most BIP101 supporters. "If you don't support this single reckless proposal now, it means you are waiting forever and/or support only the status quo."

That's simply dishonest.

What's dishonest? As far as I know bitcoin still doesn't scale, still has a 1 mb limit and Core has no clear timely path to change this.

Prove me wrong.
I thought you could read. He clearly stated what is dishonest, and you're fighting a straw man.

Again it's not dishonest.  Their inactions are speaking louder than their actions. If they would have been really honest in solving the block size issue in a timely matter they would have communicated a clear path for doing so. Which they didn't.

THAT is either dishonest or incompetent. 

You were sold the lie that it was a pressing matter and that we should address it with urgency. What do you know anyway about their actions?

Quote
Much work has already been done in this area, from substantial improvements in CPU bottlenecks, memory usage, network efficiency, and initial block download times, to algorithmic scaling in general.

These guys have been busy fixing bottlenecks that necessarily meant your 8MB blocks would've been useless. They are the scalability champions of Bitcoin so far in its life and you impressionable noob would rather we side with two irresponsible defectors who themselves stifled technical discussion and consequently derailed the incentive to continue productive work toward resolution of the issue by wasting time doing damage control because of the XT fiasco.

Mike & Gavin's actions are the epitome of dishonesty and incompetence. I am absolutely joyous that they have shown their true face and their exile from the community will be a blessing.
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