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inevitably we will have to increase block size
but with Segwit and all the other scaling work done, we won't need much more than a few dozen MB in the end.
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buy or die.
 One day ^^ Maybe...... LOL! for sure buddy. for sure. |
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I like that they are doing a simple 1 line change to 2MB.
this has a shot at forking bitcoin i guess.
but i would expect core to fallow the 2MB rule once its set in place... why wouldn't they? if they don't they technically mining an alt coin.
"bitcoin" necessarily is what the majority want it to be.
Technically, the core is just a bunch of devs. They don't mine. They could copy Core's code & call it Core 0.12, but only if they got no shame. right and if 75% of miners went to some fork probably 99.9% would come join them shortly after and then who cares about anything else? You never know. Smallblockers are unpredictable, about the only thing safe to assume is they won't pursue rational self-interest because too wild & irrational. this is all a moo-point, core has a Segregated Witness.  |
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...
I like that they are doing a simple 1 line change to 2MB.
this has a shot at forking bitcoin i guess.
but i would expect core to fallow the 2MB rule once its set in place... why wouldn't they? if they don't they technically mining an alt coin.
"bitcoin" necessarily is what the majority want it to be.
Technically, the core is just a bunch of devs. They don't mine. They could copy Core's code & call it Core 0.12, but only if they got no shame. right and if 75% of miners went to some fork probably 99.9% would come join them shortly after and then who cares about anything else? |
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sounds reasonable,
I like that they are doing a simple 1 line change to 2MB.
this has a shot at forking bitcoin i guess.
but i would expect core to fallow the 2MB rule once its set in place... why wouldn't they? if they don't they technically mining an alt coin.
"bitcoin" necessarily is what the majority want it to be.
i think at that point core would have to come to the realization that the development of bitcoin is becoming decentralized and so they can no longer call all the shots.
Clarifications... 1) Bitcoin classic is not simply changing maxBlockSize, doing so , even to 2MB would introduce dangerous attack vectors -CVE-2013-2292 The Classic devs are aware of this and thankfully making many more changes for sigop protections. 2) Development has already been decentralized with multiple implementations. We do need to support other implemenentations like libbitcoin and bitcore. There is a distinction to be made between having multiple implemenatations that break consensus rules and ones that do not . There can be multiple implementations that have different developers, written in different code/languages, and with different unique features all working cooperatively (This is recommended), but some would argue that always having implementations that are attempting to usurp consensus rules decreases user and investor confidence as ultimately there can only be one set of consensus rules that is considered bitcoin. 3) Segwit provides an effective 2MB increase in capacity , is already in testnet, has wide support - https://bitcoincore.org/en/segwit_adoption/ and will go live in april, IMHO before Classic can get deployed 4) In other news a planned hard fork increasing to an effective 4MB capacity is already being organized- https://botbot.me/freenode/bitcoin-core-dev/wangchun from F2Pool is planning with some core devs yesterday for a planned 2MB hard fork and adding extra nonce space in feb/march 2017 to increase effective capacity up to ~4MB. thanks for this. answers a lot of the questions i posted 1 hour ago. |
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Bitcoin was bound to go back to $400.- I didn't expected this rise so fast, i thought a test $350 ore so then to $400.
they cant go to 350.00, they can be hardballed there. seems to be the case <350 is starting to feel like a pipe dream, if it was going to happen it should have already my guess is price SHOULD BE much higher... but bitcoin isn't some Softball US Stock, so who knows! maybe is why the hearn thing happened, he might be thinking same as u about it would have already if it were going too .. $350 is hardball because from there they would get stuck in a smaller range, or peeps like me and you will win if they go up or down from there... buying at 400-500 range is not very strong position since you are relying on the price to go up from there rather than down .. i do not believe they can beat me at hardball if i bought at 300 - 350 .. i really dont want to buy above 300 though, but if i did, i am confident i would woop em at their game. i don't believe at this time we will see <350 anytime soon much less <300 before halving. i think <350 we can buy in w new fiat and force the win though . your not thinking long term enough in 6-24months there simply wont be any supply at these prices, price might need to climb an order of magnitude once bitcoin is over this block limit crap and supply drops. there are very useful applications to bitcoin poeple are going to find them and use them save some money and make bitcoin price explode. going up. |
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hello bitcoin land
it's some very nice weather we are having this morning.
anyway,
is there a date set by bitcoinclassic for there fork?
will the dev's have their implementation which gives about 4x capacity to the network be ready in time before bitcoinclassic forks?
if not, will poeple switch to bitcoin classic's 2MB right away even if core is on the verge of a breakthrough?
only time will tell, i guess.
Timing is really simple. As soon as classic is released, we need 750 blocks out of the last 1000 to be classic blocks (block.version=0x20000008). If we get that, Classic is activated, and bigger blocks are allowed after a 4 week grace period. sounds reasonable, I like that they are doing a simple 1 line change to 2MB. this has a shot at forking bitcoin i guess. but i would expect core to fallow the 2MB rule once its set in place... why wouldn't they? if they don't they technically mining an alt coin. " bitcoin" necessarily is what the majority want it to be. i think at that point core would have to come to the realization that the development of bitcoin is becoming decentralized and so they can no longer call all the shots. |
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Bitcoin was bound to go back to $400.- I didn't expected this rise so fast, i thought a test $350 ore so then to $400.
they cant go to 350.00, they can be hardballed there. seems to be the case <350 is starting to feel like a pipe dream, if it was going to happen it should have already my guess is price SHOULD BE much higher... but bitcoin isn't some Softball US Stock, so who knows! |
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hello bitcoin land
it's some very nice weather we are having this morning.
anyway,
is there a date set by bitcoinclassic for there fork?
will the dev's have their implementation which gives about 4x capacity to the network be ready in time before bitcoinclassic forks?
if not, will poeple switch to bitcoin classic's 2MB right away even if core is on the verge of a breakthrough?
only time will tell, i guess.
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Sounds like get everything the fuck into cold storage to me & await the chaos.
not the worst strategy for a certain time. best strategy of all time. just do what everyone says and lock away all your bitcoin on paper wallet and come back in 10 years. bitcoin will have halved and forked like 14 times!!  |
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Does anybody know which exchanges offer cryptographic proof of reserves? It seems like an obvious selling point to any that want to gain market share.
doesn't bitfinex only hold some kind of custodial key so that owners can remain in control of their BTC while holding a balance on bitfinex? i that i saw that somewhere on bitfinex idk i dont use it, maybe it was another exchange, good concept tho. |
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Gold is God's shitcoin
put that in your pipe and smoke it!
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I guess Hearn's ragequit doesn't look so bad now.
Seriously, given all that shit its remarkable that we are still at 380$... You seem like a level headed guy, are Core out of their fucking minds? i think its no more than a threat at the moment, but it shows the childish attitude that brought us here in the first place. gmax and luke seem to be very immature. It's like they think this is somehow comparable to OpenOffice or some linux distro. You can't say stuff like that when you're maintaining a digital currency. I don't care if they're the best coders in the world, they are shit at economics and should have nothing to do with Bitcoin! Gmax is convinced. I don't know if he still feels this way, but: Without a sharp constraint on the maximum blocksize there is currently _no_ rational reason to believe that Bitcoin would be secure at all once the subsidy goes down.
Bitcoin is valuable because of scarcity. One of the important scarcities is the limited supply of coins, another is the limited supply of block-space https://bitcointalk.org/index.php?topic=140233.msg1492537#msg1492537He was an idiot then and he is an idiot now. I can't understand why Gavin left Bitcoin in the hands of these idiots. Maybe he really is an USG shill. a sharp constraint on the maximum blocksize there is currently _no_ rational reason to believe that Bitcoin would be secure at all once the subsidy goes down. Bitcoin is valuable because poeple believe it has value, if there is a limited supply of block-space then there it can only be valuable to a limited number of people. |
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Nah.. I've been seeing 'Fullblockalypse' around for a while now...
It's my creation. I expect a satoshi any time you use it. chart buddy should calculate "Estimated time till the Fullblockalypse" |
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Either Loaded  is back... or his reddit account was compromised...  they support bigger blocks, huh. never would have guessed. |
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