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2321  Bitcoin / Bitcoin Discussion / Re: Evil Blockstream to rule the world? on: August 30, 2015, 01:32:23 AM
Maybe the motivation is to make the Bitcoin blockchain the ONE blockchain to rule the world  Shocked

With sidechains anyone could build on top of the most secure blockchain in the world. could it be possible their motivation is to add value to the Bitcoin blockchain

 Shocked

IMPOSSIBRUH!
2322  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT has code which downloads your IP address to facilitate blacklisting on: August 30, 2015, 01:30:36 AM
Don't you see how the 'dictator' arguments in FOSS and software forks is a logical fallacy? People exercising their free will but not doing what you want does not equal dictatorship.

This is actually why dictatorship often succeed. They give to "the people" the impression of a choice by encouraging them to exercise "their free will" when they are tired of waiting for traditional issue resolution processes.

This is textbook "why the worst people get on top".

If BIP 101 succeeds, what makes you think that I won't be able to switch back to Core or only-bigblocks with a different set of developers? Is Core just going to give up?

For BIP101 to succeed it needs to be merged into Core so I am not sure what you are talking about?


I presume that your concern about XT is that it and BIP 101 succeed without core adopting it, right? Most on this list don't really seem to be worried about that given that miners aren't jumping onboard (yet). If XT were to somehow 'takeover' then my point is that BIP101 would get merged into core since there's no way core would just continue on with <25% hashrate, no coinbase or bitpay, etc.

The point being is that no matter what big blocks BIP ends up being finally adopted, there will be and should be multiple software clients available to end users which makes some sort of dictatorship completely impossible.

I object! By the way I have no "concern about XT": https://bitcointalk.org/index.php?topic=1162684.0

Your interpretation of "how things should be" is a very common misunderstanding of the consensus fragility of the Bitcoin. Allow me to quote myself here:

Quote
You absolutely don't understand or are being willingly misleading about this "centralization" issue. There is quite simply no other choice but for us to support a centralized (read unique) consensus code. That's pretty much the only way Bitcoin works. It happens that the core developers have historically been the one trusted with maintaining this code and updating it. Several implementations have been built around this consensus code. Most of them have little support for very valid reason: their implementation is generally considered less tested and therefore potentially less secure than core implementation. Now should we blame core for attracting the most competent developers in the space? Would it be rational to ask of them to each start dividing their work between different implementations just for the sake of "decentralization"?

The centralization issue you refer to is nothing more than a lack of man power. That is, only a scarce amount of people are reliable and technically able enough to handle the highly fragile development of Bitcoin. It is no wonder the guys currently leading core are some of the world's most advanced experts in their own field. This expertise cannot be easily replaced or dismissed "because decentralization". It is absolutely unproductive and irresponsible to try to advance decentralization of Bitcoin development by encouraging incapable people to start messing around with their own implementations and risk breaking consensus.

We're going to have to agree to disagree. I'm not going to try the "you're too stupid to understand" argument which you seem to fall back on - we just fundamentally disagree on what are acceptable levels of consensus or fragility.

Ok  Roll Eyes

What if I told you there are already multiple software clients available to all users?

Have a look here: https://getaddr.bitnodes.io/nodes/

I can count nearly a hundred different software versions/implementation of the Bitcoin consensus code being run. Now what is it exactly you are complaining about?
2323  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2015, 01:28:48 AM

Quote
[ mass adoption ] will NEVER happen if the network doesn't scale efficiently.

One must wonder whether mass adoption will ever happen.  The block size limit has not been an obstacle so far, yet adoption does not seem to be exactly exploding.  (The block size limit might be an obstacle within a year, if the traffic keeps growing at the recent rate.)


Internet adoption didn't dramatically accelerate until the World Wide Web. Bitcoin is still looking for that "killer app".  There are many potential candidates, but what will take off is probably something we haven't even thought of yet. 

Heh, so you're a "killer app" troll too   Roll Eyes

Consider that Bitcoin adoption is not merely about adding users but attracting capital. Bitcoin as it exists can accommodate an infinite amount of capital. There is no "scaling" problem in that regard.

Now what you are concerned with "transaction scaling" is a different set of problem. One that is often correlated to the growth of the network but any perspicacious onlooker will have noticed there is something missing from this theory.

You have misconception about Bitcoin's utility value and you need to address it before coming forward with more arguments!
2324  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2015, 01:13:37 AM
who will bother to open an account with coinbase to buy bitcoins so they can buy stuff while paying a high fee ?? whats the point.. pay high fees.. instead use a debit card doesnt cost end user nothing to use a debit card and its easy.. no reason to use bitcoin that has multiples of issues that we all are aware of .. and if you are a gun owner and support the second amendment then you need to oppose the implementation of the "blockchain blacklists" code. i happen to be one of the "dwayne" brothers and i think your "blockchain blacklists" is a real cute trick. obviously there is only once choice.. cripple bitcoin with low bandwidth, slow payments with high fees ...... RIP XT or bitcoin make your choice.

about to get smacked down by the bear troll fud (i gotta get me one these cameras!) : https://www.youtube.com/watch?v=JIhCNbdIFT4

Indeed. What is the point of buying bitcoins to buy stuff? That is the question maybe you should ask yourself.

Did you consider maybe you did not have the right idea about what Bitcoin's real utility is?
2325  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2015, 01:06:50 AM
They can include or exclude any transactions as they see fit.

Then this is the culprit that needs to be fixed in a future update.  Miners should have no say whatsoever in which transactions to in or exclude.

Unfortunately, Satoshi's breakthrough, that made bitcoin possible, was to give all the power to the miners -- with the proof-of-work trick to keep them from cheating.  That would have worked if mining had remained well-distributed, so that it would be practically impossible to convince a majority of them to sabotage the system. 

But it did not happen that way, basically because the price shoot up to 100 or 1000 times what it should have been, given its usage.   With that hyperinflated price, and the fixed block reward, mining become a very profitable activity, that was worth carrying out in an industrial scale, by entities distinct from the users.  Then the mining industry got concentrated in a few companies because of economies of scale.

Bitcoin was created to be a peer-to-peer payent system that did not require trusted third parties, including central authorities.  Strictly speaking, bitcoin is broken right now; because the top 5-6 miners are third parties that must be trusted not to abuse their power.  With the BIP100 discussion, bitcoiners seem to be gradually becoming aware of that fact: it will be the miners that will decide whether, when, and how to change the block size limit

Bitcoin may still get "cured" if mining becomes again distributed among the users.  However, I do not see how that could happen, unless the price crashes to such a low level that no one will want to mine for profit, and mining becomes again a client activity -- say, a convenient alternative to buying bitcoins, that an ordinary person could use  to get some bitcoins to pay for coffee or whatever.

Taking away the power from the miners -- in particular, forcing them to process all transactions issued by clients -- would require reforming bitcoin to the core.  It seems that another Satoshi-level ingenious idea would be needed do that without introducing some trusted central authority.

All of this would be true if it wasn't for the nodes actually enforcing governance on the system.

Miners won't decide anything but what the economic majority gets consensus on.

The reason the block size is here is precisely to put a check on these miners and their selfish interest by protecting the network of nodes and its decentralization from the inherent economies of scale at play.
2326  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT has code which downloads your IP address to facilitate blacklisting on: August 30, 2015, 12:59:49 AM
Don't you see how the 'dictator' arguments in FOSS and software forks is a logical fallacy? People exercising their free will but not doing what you want does not equal dictatorship.

This is actually why dictatorship often succeed. They give to "the people" the impression of a choice by encouraging them to exercise "their free will" when they are tired of waiting for traditional issue resolution processes.

This is textbook "why the worst people get on top".

If BIP 101 succeeds, what makes you think that I won't be able to switch back to Core or only-bigblocks with a different set of developers? Is Core just going to give up?

For BIP101 to succeed it needs to be merged into Core so I am not sure what you are talking about?


I presume that your concern about XT is that it and BIP 101 succeed without core adopting it, right? Most on this list don't really seem to be worried about that given that miners aren't jumping onboard (yet). If XT were to somehow 'takeover' then my point is that BIP101 would get merged into core since there's no way core would just continue on with <25% hashrate, no coinbase or bitpay, etc.

The point being is that no matter what big blocks BIP ends up being finally adopted, there will be and should be multiple software clients available to end users which makes some sort of dictatorship completely impossible.

I object! By the way I have no "concern about XT": https://bitcointalk.org/index.php?topic=1162684.0

Your interpretation of "how things should be" is a very common misunderstanding of the consensus fragility of the Bitcoin. Allow me to quote myself here:

Quote
You absolutely don't understand or are being willingly misleading about this "centralization" issue. There is quite simply no other choice but for us to support a centralized (read unique) consensus code. That's pretty much the only way Bitcoin works. It happens that the core developers have historically been the one trusted with maintaining this code and updating it. Several implementations have been built around this consensus code. Most of them have little support for very valid reason: their implementation is generally considered less tested and therefore potentially less secure than core implementation. Now should we blame core for attracting the most competent developers in the space? Would it be rational to ask of them to each start dividing their work between different implementations just for the sake of "decentralization"?

The centralization issue you refer to is nothing more than a lack of man power. That is, only a scarce amount of people are reliable and technically able enough to handle the highly fragile development of Bitcoin. It is no wonder the guys currently leading core are some of the world's most advanced experts in their own field. This expertise cannot be easily replaced or dismissed "because decentralization". It is absolutely unproductive and irresponsible to try to advance decentralization of Bitcoin development by encouraging incapable people to start messing around with their own implementations and risk breaking consensus.
2327  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2015, 12:46:20 AM
(2) Max blocksize is nothing but a hardcoded upper limit. If miners really have an interest in creating artificial scarcity then they can already do so, collectively, by changing the default fee settings. No need for a vote to set a hard upper limit when they could have adhered to any arbitrary limit all by themselves before. The entire scarcity through max blocksize debate reminds me of an alcoholic who, on one of his good days asks someone else to locks away his booze, to be protected from himself on one of his bad days.

you're oversimplifying an economic problem

The obvious oversimplification in your case is really not a surprise to read as it is indeed so common: the "miners".

Understand that "the miners" is kind of like "the people" and "the community". It really doesn't exist.

As such, their "interest" cannot be projected "collectively". We can assess their individual actions in the present but not predict

The reason this is important is some not all miners have an interest in creating artificial scarcity. In the case of a couple they simply couldn't operate above a certain limit. Others could not particularly care.

As technology improves, bigger actors get into the game and the inherent economies of scale take place, orphan risk from including too many transactions will necessarily diminish and large miners will necessarily have an advantage and an ability to drive smaller ones out of business in a precipitated way. This is concerning because while mining consolidation into enormous corporations is by all account an obvious outcome, we cannot afford for the same for nodes.

It helps to think of it as a tragedy of the commons: absent of a blocksize it will eventually become in the miner's best interest to include as many transactions as possible in their blocks and consequently restricting access to governance of the network by way of bloating the blockchain.

2328  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: August 30, 2015, 12:11:34 AM
Furthermore placing our trust in the Core development team is a far more dangerous form of centralization then compared to anything else that is within the Bitcoin XT client.
Distrusting XT or BIP 101 =/= trusting the Core development team. That's another blatant mischaracterization that keeps being throw around. Please keep the discussion honest.

I think what VeritasSapere is getting at is that Bitcoin's greatest point of centralization is presently Development:

< bunch of non sense zipped >

Solex made in interesting observation here:  Node count has actually increased with the release of Bitcoin-XT.  If we had even more competing clients to choose from, perhaps we would see a further increase in node count as people ran nodes to express the vote for the direction the protocol should take.  In my opinion this would be a very big positive because it could simultaneously increase node count AND decrease development centralization around Core.  

I don't know whether engaging people who are happy to present such willfully dishonest arguments is genuinely productive in the long term. It suggests that these people and the arguments are worth addressing. Unfortunately the dishonest arguments cannot be separated from the others of a single participant, but we could separate those participants who use dishonest strategies from the debate. I don't address them.

Carlton, I'm gonna take your advice here  Wink

2329  Bitcoin / Bitcoin Discussion / Re: Evil Blockstream to rule the world? on: August 29, 2015, 11:07:57 PM
If the business plans are public, id like to read them.   Link, please?

Is this some kind of joke  Huh
2330  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT has code which downloads your IP address to facilitate blacklisting on: August 29, 2015, 11:03:06 PM
Don't you see how the 'dictator' arguments in FOSS and software forks is a logical fallacy? People exercising their free will but not doing what you want does not equal dictatorship.

This is actually why dictatorship often succeed. They give to "the people" the impression of a choice by encouraging them to exercise "their free will" when they are tired of waiting for traditional issue resolution processes.

This is textbook "why the worst people get on top".

If BIP 101 succeeds, what makes you think that I won't be able to switch back to Core or only-bigblocks with a different set of developers? Is Core just going to give up?

For BIP101 to succeed it needs to be merged into Core so I am not sure what you are talking about?



2331  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT has code which downloads your IP address to facilitate blacklisting on: August 29, 2015, 10:46:47 PM
Don't you see how the 'dictator' arguments in FOSS and software forks is a logical fallacy? People exercising their free will but not doing what you want does not equal dictatorship.

This is actually why dictatorship often succeed. They give to "the people" the impression of a choice by encouraging them to exercise "their free will" when they are tired of waiting for traditional issue resolution processes.

This is textbook "why the worst people get on top".
2332  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2015, 10:35:45 PM

Laws can be enforced if there is enough will to do so. (not always....but in this case the bigger mining plants have physical address and people, so it would be fairly easy to shutdown)

If miners start messing with a worldwide financial ledger, it's like poisoning the water purification plants. It'll have negative consequences for them. But like I mention before, I rather see bitcoin become resilient enough so this won't be necessary.

//I'm talking 20+ years from now when bitcoin is BIG.

I can't believe what I'm reading  Cheesy

You realise an ever important aspect of Bitcoin is that miners should remain anonymous if they wish to.
2333  Bitcoin / Bitcoin Discussion / Re: Thoughts from Russia on the block size situation and Blockstream on: August 29, 2015, 10:23:24 PM

1. Again:  This was debated for 3 years.   Gavin was forced to release something with Mike Hearn
because Greg and the kids on the blockstream wouldn't play ball.   If they really wanted to
release something, they would have worked with Gavin so the solution is more to their preferences.  Either
their interests in Blockstream prevented that, or they lack leadership/communication/team
skills.  Either way is a problem.  I think when you boil it down, they just don't see the urgency
as Gavin does.
  Maybe that's because of their other solutions like the lightening network.
Maybe they are willing to stall Bitcoin and take bigger risks.  They don't want to take technical
risks purportedly, but they are willing to risk slowing down adoption.  There is a risk/reward.
and part of their reward is blockstream business activities.  This is what you seem to deny.

Absolutely not what happened. You can read about it here.

As far as the rest of the post your are just making an ass of yourself again making all kinds of disingenuous assumptions.

2.  This leads to the next point.  Gavin says a fix is urgently needed.
I say an imperfect fix IS better than no solution.  Gavin
essentially said "Core devs won't agree, but we need bigger blocks,
so I'm going to do the best thing I can and release Bip 101 on Mike's fork."
No one ever said Bip 101 was perfect, but who are you to say its "broken"
and its worse than no solution?  I guess you know more about bitcoin than
Gavin so we should listen to you.  Roll Eyes
---  

That you fell into the "urgency" trap does not mean everyone is stupid enough to do so.

You can find various explanations on the web as to why it is broken. In short: an arbitrary limit (8MB) picked out of a chinese fortune cookie and an absolutely irresponsible activation threshold (75%)

The only way your position even makes sense is if you truly believe its not
important to have bigger blocks asap.  It must mean you agree with the devs
who aren't ready to raise the limit. Somehow it doesn't scare you.  You're not
worried about scalability.  Again, risk/reward.  But you won't be getting the
rewards that blockstream and its investors get by taking their side. 

Have you taken a looked at the average block size recently? We've been averaging less than 500kb for most of the year. Considering this, I indeed fail to see the need for "bigger blocks asap"

But you won't be getting the rewards that blockstream and its investors get by taking their side. 

 Roll Eyes
2334  Bitcoin / Bitcoin Discussion / Re: Evil Blockstream to rule the world? on: August 29, 2015, 10:06:21 PM
If their plan is to, say, help banks integrate Bitcoin with side chains, and charge the banks consulting fees, and the sidechains only would be necessary if the blocksize is small

Why do you keep running around every thread spreading misconceptions that you have been repeatedly told are not valid?

If you can't understand sidechains have someone explain them to you but until then maybe you ought to spot making assumptions
2335  Bitcoin / Bitcoin Discussion / Re: Evil Blockstream to rule the world? on: August 29, 2015, 06:57:03 PM
Seconded

2336  Bitcoin / Bitcoin Discussion / Re: Thoughts from Russia on the block size situation and Blockstream on: August 29, 2015, 06:52:42 PM
You don't seem to grasp the confilct of interest between blocksteam and Core development. I doubt you someday will because you don't seem to know what a conflict of interest actually is. That's OK.

I do understand it but from the list above you should understand, if you actually care about honesty, that there is a load of conflicts of interests to share between all Bitcoin developers. Conflict of interest does not imply ill intentions. You have to prove them. So far you trolls haven't done such a good job at providing factual information to back up your claims. Maybe... try harder?

Nope that's not how it works. Do you know that the opinion of experts in a position of conflict of interest are automatically disregarded in a court trial? The reason is simple, there is no way to prove if an intention is ill or not so they ate considered as ill by default.

Core devs shouldn't have put themselves in the position of working for Core and a private company in the first place. In no ways it should be considered as acceptable.

Scientific papers are published every day with stated conflicts of interest by their authors. It's nothing new really.

Moreover, core devs have to get paid somehow. You expect them to put in these types of hours for free? Do you happen to know under what model Blockstream was incorporated and what their stated goals are?

It's really curious and quite honestly hypocritical for you to rail against the Blockstream paid core devs but make no mentions of Gavin's tie to MIT, Coinbase & Mike's work with Circle or Jeff Garzik & BitPay. I suppose that "doesn't count" right?

Maybe... try harder?

Another thing you don't seem to grasp is that before XT blockstream developers was in position to block any Core development about the block size incentivised by their conflic of interest. This situation is so obvious to everyone but you. Funny isn't it?

Absolutely not what happened. You can read about it here.

In short, Blockstream developers (and others by the way) blocked Gavin's implementation of bigger blocks considering its lack of safe and sound technical backing. As far as I know they have never unequivocally shut the down on a block size increase. Unless you can point me to proofs of your assertions?

For someone who accuses me of "not grasping" things you sound quite ignorant and misinformed..

You can argue who is to blame, Gavin or Greg Maxwell.
But consider this:  One of them ultimately made a scalability solution available,
the other didn't

You are really simple heh  Roll Eyes

Anyone could've patched core with an block size increase picked out of a chinese fortune cookie. There's a reason no one Core devs employed by Blockstream did : it's stupid not good for Blockstream business. A broken solution is no better than no solution at all.

No one's arguing who's to blame. If one had to point fingers I'd start with you and your disappointing tendency to spread falsehoods and ignorance when you had previously be shown truth and facts.

FTFY

Show me the receipts. Until then keep your paranoia to yourself, it's really making you look desperate.

One last time:

Does bigger blocks benefit Lightning? Yes
Does bigger blocks benefit Sidechains? Yes

Does bigger blocks benefit Blockstream? Yes!
2337  Bitcoin / Bitcoin Discussion / Re: Thoughts from Russia on the block size situation and Blockstream on: August 29, 2015, 06:41:56 PM
You don't seem to grasp the confilct of interest between blocksteam and Core development. I doubt you someday will because you don't seem to know what a conflict of interest actually is. That's OK.

I do understand it but from the list above you should understand, if you actually care about honesty, that there is a load of conflicts of interests to share between all Bitcoin developers. Conflict of interest does not imply ill intentions. You have to prove them. So far you trolls haven't done such a good job at providing factual information to back up your claims. Maybe... try harder?

Nope that's not how it works. Do you know that the opinion of experts in a position of conflict of interest are automatically disregarded in a court trial? The reason is simple, there is no way to prove if an intention is ill or not so they ate considered as ill by default.

Core devs shouldn't have put themselves in the position of working for Core and a private company in the first place. In no ways it should be considered as acceptable.

Scientific papers are published every day with stated conflicts of interest by their authors. It's nothing new really.

Moreover, core devs have to get paid somehow. You expect them to put in these types of hours for free? Do you happen to know under what model Blockstream was incorporated and what their stated goals are?

It's really curious and quite honestly hypocritical for you to rail against the Blockstream paid core devs but make no mentions of Gavin's tie to MIT, Coinbase & Mike's work with Circle or Jeff Garzik & BitPay. I suppose that "doesn't count" right?

Maybe... try harder?

Another thing you don't seem to grasp is that before XT blockstream developers was in position to block any Core development about the block size incentivised by their conflic of interest. This situation is so obvious to everyone but you. Funny isn't it?

Absolutely not what happened. You can read about it here.

In short, Blockstream developers (and others by the way) blocked Gavin's implementation of bigger blocks considering its lack of safe and sound technical backing. As far as I know they have never unequivocally shut the down on a block size increase. Unless you can point me to proofs of your assertions?

For someone who accuses me of "not grasping" things you sound quite ignorant and misinformed..

You can argue who is to blame, Gavin or Greg Maxwell.
But consider this:  One of them ultimately made a scalability solution available,
the other didn't

You are really simple heh  Roll Eyes

Anyone could've patched core with an block size increase picked out of a chinese fortune cookie. There's a reason no one did: it's stupid. A broken solution is no better than no solution at all.

No one's arguing who's to blame. If one had to point fingers I'd start with you and your disappointing tendency to spread falsehoods and ignorance when you had previously be shown truth and facts.
2338  Bitcoin / Bitcoin Discussion / Re: Thoughts from Russia on the block size situation and Blockstream on: August 29, 2015, 05:28:53 PM
You don't seem to grasp the confilct of interest between blocksteam and Core development. I doubt you someday will because you don't seem to know what a conflict of interest actually is. That's OK.

I do understand it but from the list above you should understand, if you actually care about honesty, that there is a load of conflicts of interests to share between all Bitcoin developers. Conflict of interest does not imply ill intentions. You have to prove them. So far you trolls haven't done such a good job at providing factual information to back up your claims. Maybe... try harder?

Nope that's not how it works. Do you know that the opinion of experts in a position of conflict of interest are automatically disregarded in a court trial? The reason is simple, there is no way to prove if an intention is ill or not so they ate considered as ill by default.

Core devs shouldn't have put themselves in the position of working for Core and a private company in the first place. In no ways it should be considered as acceptable.

Scientific papers are published every day with stated conflicts of interest by their authors. It's nothing new really.

Moreover, core devs have to get paid somehow. You expect them to put in these types of hours for free? Do you happen to know under what model Blockstream was incorporated and what their stated goals are?

It's really curious and quite honestly hypocritical for you to rail against the Blockstream paid core devs but make no mentions of Gavin's tie to MIT, Coinbase & Mike's work with Circle or Jeff Garzik & BitPay. I suppose that "doesn't count" right?

Maybe... try harder?

Another thing you don't seem to grasp is that before XT blockstream developers was in position to block any Core development about the block size incentivised by their conflic of interest. This situation is so obvious to everyone but you. Funny isn't it?

Absolutely not what happened. You can read about it here.

In short, Blockstream developers (and others by the way) blocked Gavin's implementation of bigger blocks considering its lack of safe and sound technical backing. As far as I know they have never unequivocally shut the down on a block size increase. Unless you can point me to proofs of your assertions?

For someone who accuses me of "not grasping" things you sound quite ignorant and misinformed..
2339  Bitcoin / Bitcoin Discussion / Re: Thoughts from Russia on the block size situation and Blockstream on: August 29, 2015, 05:25:00 PM
First of all, I'd like to clarify that I don't think there is something really that bad about the Lightning Network itself. It may be a good idea for microtransactions or something like that. But it definitely should not finally replace traditional blockchain transactions. Blockstream developers have some very interesting ideas too, but that's off-topic here.

Can you answer one simple question for me? Because I've been reading materials on the topic for over 2 weeks now, but I haven't found the answer.
If, as you say, Blockstream's economic model won't be based on the fees coming from the LN, then it will based on what? Huh How do investors plan to profit from "voluntary development"? I believe you have no answer. Even if the things are not as bad as I described, there is absolutely clear conflict of interests.

Blockstream's business plan is of course not out in the open as is the case for a majority of early-stage companies, that would be a little misguided  Wink. Still, a little knowledge about what they plan to offer and the various business model in the open-source world should give you a clear hint of what their venture is about. To put it quite simply it seems apparent they would like to follow the long lineage of very successful businesses such as Red Hat, SUSE, the Mozilla Corporation by leveraging their expertise in Bitcoin development and sidechains to become these companies' equivalent for the Bitcoin ecosystem.

The next question is why if the LN and BIP101 8 Mb (or even Gb) blocks can coexist, and, as you say, Blockstream won't profit from the LN, there is so much censorship about it? Who is behind the censorship in the "open-source peer-to-peer without-needing-an-intermediary" community? Everyone agrees that block size should be increased. Well, even if someone is afraid that Mr. Anderson and Mr. Hearn may become "evil", why not to implement BIP101 into the Core? As for me, the answer is clear. BIP101 implementation with its 1 Gb blocks obviously will be not as profitable for Blockstream as if it were 1 Mb blocks. That's why we have this BIP100 nonsense.

I won't comment on the censorship issues other than to mention it is the product of only a couple of reddit & bitcointalk mods and that so far I have yet to see any developer sponsor or condone it.

Maybe "everyone agrees block size should be increased" although some people will raise their hands and claim the opposite. What is not clear amongst the proponents of a block size increase is what model of block "growth" should be adopted and under what parameters should this increase proceed.

You should understand that Lightning actually scales better with larger block and that the appeal of it is not only volume but efficiency. Lightning, unlike the Bitcoin blockchain (whatever size the blocks are) can accomodate micro or instant transactions in a safe and reliable manner.

Hope that helps!
2340  Bitcoin / Bitcoin Discussion / Re: Thoughts from Russia on the block size situation and Blockstream on: August 29, 2015, 04:45:03 PM
You are so funny. Here some cold truth for you.

Developer EmployerIn favor of
Gavin Andresen MIT8mb+
Mike HearnGoogle, now Vinumeris8mb+
Meni RosenfeldIsraeli Bitcoin Association, Bitcoiltentative 8mb+
Jeff GarzikBitpay, now Dunvegan Space Systems, Inc. 2mb+
Peter ToddViacoin et al.1mb
Luke-JRSubcontracted by Blockstream1mb
Adam BackBlockstream Co-Founder1mb
Matt CoralloBlockstream Co-Founder1mb
GmaxwellBlockstream Co-Founder1mb
Peter WuilleBlockstream Co-Founder1mb
Mark Friedenbach(Maaku7)Blockstream Co-Founder1mb
laanwj MIT 1mb


Do you have any argument? Let me adjust that list for you to make it... shall we say... a little more honest?

Developer EmployerIn favor of
Gavin Andresen MIT, Coinbase8mb+
Mike HearnGoogle, now Vinumeris, Circle8mb+
Meni RosenfeldIsraeli Bitcoin Association, Bitcoiltentative 8mb+
Jeff GarzikBitpay, now Dunvegan Space Systems, Inc. 2mb+
Peter ToddViacoin et al.1mb
Luke-JRSubcontracted by Blockstream1mb
Adam BackBlockstream Co-Founder1mb
Matt CoralloBlockstream Co-Founder1mb
GmaxwellBlockstream Co-Founder1mb
Peter WuilleBlockstream Co-Founder1mb
Mark Friedenbach(Maaku7)Blockstream Co-Founder1mb
laanwj MIT 1mb
Nick SzaboN/A1mb
Alex MorcosChaincode Labs1mb
Suhas DaftuarChaincode Labs1mb
Eric LombrozoCiphrex1mb
Jorge TimonN/A1mb
Bram CohenBittorrent1mb



But this is not accurate.

For example, Nick Szabo  said that "a rapid block size
increase is a huge security risk" and thought
Bip 103 type solution was more reasonable.

Jorge Timon drafted a consensus based block
size retargeting algorithm.

(Neither of them said we need to keep the
blocks at 1mb.)

Those are two just examples I bothered to
research just now.

You seem to be twisting facts.

You seem to be in denial about the fact
there's a problem (conflict of interest
or otherwise) with the leadership of
Bitcoin development under the blockstream
core devs.

I am merely re-using the list that was provided. I entirely agree that the "1mb" position ascribed is too simple and not quite accurate.

In fact it can be stated that most if not all the people on this list agree to a block size increase but differ on the approach and the actual size of the increase.

As far as twisting facts or denial of them I am not sure exactly what you are referring to  Huh

If you have a problem with the Blockstream developers involvement in Bitcoin core development then you need to provide arguments that do not ignore facts and explain why exactly it is a problem and not just your opinion. I'm waiting.
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