Bitcoin Forum
June 18, 2024, 11:31:38 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 223 »
2541  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 05:46:16 PM
indeed, if you don't trust Mike and Gavin's XT code, but (for some unfathomable reason) you do trust Adam and Greg's Core, and Wladimir, Jorge, Pieter, Matt, Todd, Mark and all the others

You pathetic pathological lying POS

These developers are listed on Blockstream's "Team" page: Adam Back (President), Greg Maxwell, Pieter Wuille, Matt Corallo, Mark Friedenbach, Rusty Russell, Patrick "Intersango" Strateman, Jorge Timón, and Glen Willen. There may be others. Luke "Tonal" Jr works for Blockstream as contractor. Peter Todd works half-time for Viacoin, an altcoin that claims to be bitcoin done right -- e.g. with 25 times faster confirms.

Who is paying Wladimir's salary now?

Who's paying Mike's or Gavin's? You think these two are free from conflict of interest?

What really matters is you trolls still haven't been able to put forward a legitimate case of Blockstream benefitting from small blocks that doesn't rely on pure conjecture or total inability to grasp what it is they are doing.

I think your hijacking this tread too. (I'm sorry theymos closed down the thread where this debate was happening, some times when the truth is a treat authoritarian interests have to silence it and delete posts.) 

I will not let misinformation stand uncorrected  Smiley
2542  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 05:41:53 PM
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out Wink

And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...  Roll Eyes

Bitcoin XT is the only viable implementation of BIP 101, that is the only reason miners and node hosts are switching, if you had been paying attention this debate it about avoiding dictatorships not supporting them.

Mile knows as well as you that fungibility (no black green or red lists) is essential for bitcoin to succeed as money, he discussed an idea and yes I agree with you, that he even entertained the idea is a little disturbing.  

if he is as clueless as you it will be much easier to not employ his changes than it is to improve bitcoin with BIP101.  

You're not seeing things very clearly. Maybe ask your bro cypherdoc for an eye check?

1. There are no miners switching.
2. This political coup is precisely an attempt to establish a "benevolent" dictatorship over the governance of Bitcoin

Mike knows went further than "entertaining" the idea he implemented it in hundreds of line of codes being run right now by XT nodes (code that was reviewed and approved by Gavin btw).

2543  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 05:19:34 PM
indeed, if you don't trust Mike and Gavin's XT code, but (for some unfathomable reason) you do trust Adam and Greg's Core, and Wladimir, Jorge, Pieter, Matt, Todd, Mark and all the others

You pathetic pathological lying POS

These developers are listed on Blockstream's "Team" page: Adam Back (President), Greg Maxwell, Pieter Wuille, Matt Corallo, Mark Friedenbach, Rusty Russell, Patrick "Intersango" Strateman, Jorge Timón, and Glen Willen. There may be others. Luke "Tonal" Jr works for Blockstream as contractor. Peter Todd works half-time for Viacoin, an altcoin that claims to be bitcoin done right -- e.g. with 25 times faster confirms.

Who is paying Wladimir's salary now?

Who's paying Mike's or Gavin's? You think these two are free from conflict of interest?

What really matters is you trolls still haven't been able to put forward a legitimate case of Blockstream benefitting from small blocks that doesn't rely on pure conjecture or total inability to grasp what it is they are doing.
2544  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 04:34:21 PM
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out Wink

And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...  Roll Eyes

... there is no reason why the core devs can't update the fork when the dust settles.

"Update the fork" ?

How is that suppose to work again?

You just negotiate a deal with the NSA where you provide chinese miners as slaves in return for access to the mothership.

Or find common ground with the XT team and agree on an update. Or just do what Gavin and Hearn is doing.

Nahh.. NSA/Mothership.

common ground with the XT team ??  Cheesy Cheesy you haven't been following too well have you.

there is no place for common ground in XT: https://bitcoinxt.software/faq.html#who-is-involved

Quote
Decisions are made through agreement between Mike and Gavin, with Mike making the final call if a serious dispute were to arise.
2545  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 04:31:44 PM
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out Wink

And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...  Roll Eyes
There are no devs working on Bitcoin atm. They are all working on altcoins if you also include XT in that category.

 Huh

what are you talking about
Aren't they all working on sidechains, LN, Eth, and XT?

Oh yeah you right!

BTW I just spoke with one of them and they'd ask that you stop looking over their shoulders. It's your breath they say. It stinks of bullshit.
2546  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 04:23:35 PM
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out Wink

And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...  Roll Eyes

... there is no reason why the core devs can't update the fork when the dust settles.

"Update the fork" ?

How is that suppose to work again?
2547  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 04:22:57 PM
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out Wink

And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...  Roll Eyes
There are no devs working on Bitcoin atm. They are all working on altcoins if you also include XT in that category.

 Huh

what are you talking about
2548  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 04:04:27 PM
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out Wink

And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...  Roll Eyes
2549  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 03:53:40 PM
Bitcoin allready has a fee structure to deal with spam, and the wallets are implementing dynamic fees as we speak. A higher capacity system will be a lot more expensive to spam. If you think 7 tps is enough for the future of bitcoin, why don't you just say so?

An increase of TPS is already being discussed by core-devs, and they are trying to find the optimal way to implement it.

With a very large percentage of BTC txs being dust, they have plenty of time to figure it out.

What we don't have the luxury to do, is to start rogue forks that create friction in the dev community. But then again, what doesn't kill you makes you stronger.

As for spam, fees and block sizes: Altcoin Monero has a dynamic sized block. Let's say that, dynamically, the size can enlarge significantly. When it was spam-attacked last year (hint: the bloat created by anonymous coins is multiple size that of bitcoin), do you think people were like "oh, it's ok we have big blocks and we are ok"? No. They had to quickly implement high fees to stop the attack as it would bloat it to unusable levels. It was the fees that stopped the attack, not the self-adapting increasing blocksize.

LTC also used a patch, in the past, to prevent some spam techniques that were used against it. BTC might need to integrate it too.
The core devs have discussed this topic for years. Hopefully, XT will push them to action. If not, we will just opt them out.
A higher capacity system will be a lot more expensive to spam. I can't help you, if you don't understand this.

We ?

Who is we?

Cause the more I look the more I can't find any significant support for XT from anyone that actually matters in the ecosystem. Just a bunch of reddit trolls, forum posters and general foot soldiers of the "Free Shit Army"

If there is so little significant support for XT, what are you afraid of?  Wink

Afraid?

 Cheesy Cheesy Cheesy

I'm just trying to show you the light  Wink

The light is built into the system. If a group of developers fail to deliver, WE replace them Wink



The "we" you're referring to is the crowd. The "we" you represent doesn't have a say in this issue  Wink

The chinese mining pools are not happy with status quo and push for 8 mb limit. Will be exiting to see what they choose in january. At that time, I guess Wladimir has been pushed to come up with a core solution. (No, not the "wait for lightning"-solution, he he).

Solution will come in due time. Unlike what Gavinco would like you to believe there is no rush.

If there is consensus right now amongst relevant actors, it's that XT is not that solution.

See you weren't so wrong. The proper "we" will take action and the ones left in the dust will be Mike & Gavin.
2550  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 03:36:46 PM
Bitcoin allready has a fee structure to deal with spam, and the wallets are implementing dynamic fees as we speak. A higher capacity system will be a lot more expensive to spam. If you think 7 tps is enough for the future of bitcoin, why don't you just say so?

An increase of TPS is already being discussed by core-devs, and they are trying to find the optimal way to implement it.

With a very large percentage of BTC txs being dust, they have plenty of time to figure it out.

What we don't have the luxury to do, is to start rogue forks that create friction in the dev community. But then again, what doesn't kill you makes you stronger.

As for spam, fees and block sizes: Altcoin Monero has a dynamic sized block. Let's say that, dynamically, the size can enlarge significantly. When it was spam-attacked last year (hint: the bloat created by anonymous coins is multiple size that of bitcoin), do you think people were like "oh, it's ok we have big blocks and we are ok"? No. They had to quickly implement high fees to stop the attack as it would bloat it to unusable levels. It was the fees that stopped the attack, not the self-adapting increasing blocksize.

LTC also used a patch, in the past, to prevent some spam techniques that were used against it. BTC might need to integrate it too.
The core devs have discussed this topic for years. Hopefully, XT will push them to action. If not, we will just opt them out.
A higher capacity system will be a lot more expensive to spam. I can't help you, if you don't understand this.

We ?

Who is we?

Cause the more I look the more I can't find any significant support for XT from anyone that actually matters in the ecosystem. Just a bunch of reddit trolls, forum posters and general foot soldiers of the "Free Shit Army"

If there is so little significant support for XT, what are you afraid of?  Wink

Afraid?

 Cheesy Cheesy Cheesy

I'm just trying to show you the light  Wink

The light is built into the system. If a group of developers fail to deliver, WE replace them Wink



The "we" you're referring to is the crowd. The "we" you represent doesn't have a say in this issue  Wink
2551  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 03:26:11 PM
Bitcoin allready has a fee structure to deal with spam, and the wallets are implementing dynamic fees as we speak. A higher capacity system will be a lot more expensive to spam. If you think 7 tps is enough for the future of bitcoin, why don't you just say so?

An increase of TPS is already being discussed by core-devs, and they are trying to find the optimal way to implement it.

With a very large percentage of BTC txs being dust, they have plenty of time to figure it out.

What we don't have the luxury to do, is to start rogue forks that create friction in the dev community. But then again, what doesn't kill you makes you stronger.

As for spam, fees and block sizes: Altcoin Monero has a dynamic sized block. Let's say that, dynamically, the size can enlarge significantly. When it was spam-attacked last year (hint: the bloat created by anonymous coins is multiple size that of bitcoin), do you think people were like "oh, it's ok we have big blocks and we are ok"? No. They had to quickly implement high fees to stop the attack as it would bloat it to unusable levels. It was the fees that stopped the attack, not the self-adapting increasing blocksize.

LTC also used a patch, in the past, to prevent some spam techniques that were used against it. BTC might need to integrate it too.
The core devs have discussed this topic for years. Hopefully, XT will push them to action. If not, we will just opt them out.
A higher capacity system will be a lot more expensive to spam. I can't help you, if you don't understand this.

We ?

Who is we?

Cause the more I look the more I can't find any significant support for XT from anyone that actually matters in the ecosystem. Just a bunch of reddit trolls, forum posters and general foot soldiers of the "Free Shit Army"

If there is so little significant support for XT, what are you afraid of?  Wink

Afraid?

 Cheesy Cheesy Cheesy

I'm just trying to show you the light  Wink
2552  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 03:07:54 PM
What's up with these bs rally and fades right back down to the beginning of the rally point? Pretty annoying. Plus XT talk has killed this thread as well.

Bad times we are living in

If you are a trader you should be well advised to keep track of the XT issue.

Anyone and their mother could tell we were going to see a dump after the PR propaganda that begun on Monday.

There is no point trading this absolutely manipulated market at this point anyway.


I can keep track of XT elsewhere. Wall observer thread is not the right place.  

Everybody and my mother were surprised with the dump. XT could have easily been seen as the savior and price could have skyrocketed.

Manipulation, manipulation, manipulation...don't you guys ever get sick of crying manipulation? It's the way markets work, big money moves the markets.

 Cheesy

Maybe you need to keep track better.

About markets: I absolutely agree but there is an important difference, in Bitcoin big money breaks the market. We are in an accumulation phase and so you never know when a whale might get hungrier for more cheap coins. When they do there is nothing your TA & wall watching do to help.
2553  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 02:56:54 PM
What's up with these bs rally and fades right back down to the beginning of the rally point? Pretty annoying. Plus XT talk has killed this thread as well.

Bad times we are living in

If you are a trader you should be well advised to keep track of the XT issue.

Anyone and their mother could tell we were going to see a dump after the PR propaganda that begun on Monday.

There is no point trading this absolutely manipulated market at this point anyway.
2554  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 02:46:12 PM
Bitcoin allready has a fee structure to deal with spam, and the wallets are implementing dynamic fees as we speak. A higher capacity system will be a lot more expensive to spam. If you think 7 tps is enough for the future of bitcoin, why don't you just say so?

An increase of TPS is already being discussed by core-devs, and they are trying to find the optimal way to implement it.

With a very large percentage of BTC txs being dust, they have plenty of time to figure it out.

What we don't have the luxury to do, is to start rogue forks that create friction in the dev community. But then again, what doesn't kill you makes you stronger.

As for spam, fees and block sizes: Altcoin Monero has a dynamic sized block. Let's say that, dynamically, the size can enlarge significantly. When it was spam-attacked last year (hint: the bloat created by anonymous coins is multiple size that of bitcoin), do you think people were like "oh, it's ok we have big blocks and we are ok"? No. They had to quickly implement high fees to stop the attack as it would bloat it to unusable levels. It was the fees that stopped the attack, not the self-adapting increasing blocksize.

LTC also used a patch, in the past, to prevent some spam techniques that were used against it. BTC might need to integrate it too.
The core devs have discussed this topic for years. Hopefully, XT will push them to action. If not, we will just opt them out.
A higher capacity system will be a lot more expensive to spam. I can't help you, if you don't understand this.

We ?

Who is we?

Cause the more I look the more I can't find any significant support for XT from anyone that actually matters in the ecosystem. Just a bunch of reddit trolls, forum posters and general foot soldiers of the "Free Shit Army"
2555  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 02:37:19 PM
Higher fees don't remove the upper limit of 7 transactions per second. Is that so hard to understand?
Neither does XT altcoin.  Is that so hard to understand?
XT is not an altcoin. And it does widen the bottleneck until a better scaling solution is in place.

The point is it's still not a very good solution and the bottle neck would not be present without the spam/dust transactions.

It's really that simple.

It's a kick the can down the road situation that amounts to Gavin and Mike throwing a hissy fit.

Do you read the BIP's? Its not like core are sitting there saying 1mb is good forever, just that the solution isn't to suddenly throw 8mb patches into the mix. Further XT is basically Gavin and Mikes coin, are you confident that you want to trust the future of the project to these two dictators who, even if other devs join them on XT, could just do the same thing further down the line when they want to change something else.
I aggree it's kicking the can down the road. It's a temporary solution to a problem that can become significant next year. Adoption of bitcoin can suddenly grow exponential if it becomes popular. Gavin and Mike plan for success. In the future, I hope a scaling solution will be subsets of nodes verifying subsets of the transactions. (Today, everybody must verify every transaction.)

None of the BIPs you talk about have been put in effect. That's why we have XT today.

EDIT: And yes, I trust Gavin more than Wladimir.

Why?

Cause he seems like a nice guy?

Cause he managed to make himself the Bitcoin Santa Claus, the one who couldn't say no to "Bitcoin users" and was always "working for them"?

2556  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 02:30:35 PM
indeed, if you don't trust Mike and Gavin's XT code, but (for some unfathomable reason) you do trust Adam and Greg's Core, and Wladimir, Jorge, Pieter, Matt, Todd, Mark and all the others

You pathetic pathological lying POS
2557  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 03:45:23 AM
Why does this sound so plausible  Cheesy

Quote
Agent A : “Ok team, listen up, I’ve assembled you here today because we haven’t a moment to lose. These are the direst of times and we’re running out of options.”
Agent C : “I have the same sense, so what’s the plan ?”

Agent A : “We’re going to fast-track our proposed ph0rk, wind up the media marionette, and squeeze the price signal with everything we’ve got. I don’t know if it’ll be enough, but we have to do something. We can’t just take this laying down. The stakes are simply too high.”
Agent C : “I’m already on the phone with Agent E(conomist).”

Agent D : “I have Agent B(itfinex) on hold.”
Agent E : “Agents G(avin) and H(earn) are standing by awaiting your orders, sir. What shall I tell them ?”

Agent A : “Tell them to fire when ready. Hell, tell them all to fire, fire, fire. What choice do we have ? What else can we do ? Good God I hope this works. The People are counting on us…”

Quote
Agent B(BC) : “Bitcoin could split in debate over currency’s future”
Agent B(usiness)I(nsider) : “A bitcoin civil war is threatening to tear the digital currency in two”
Agent E(conomist) : “A spat between programmers may split bitcoin”
Agent G(uardian) : “Bitcoin’s forked: chief scientist launches alternative proposal for the currency”
Agent V(ox) : “Bitcoin is on the verge of a constitutional crisis”
Agent W(all)S(treet)J(ournal) : “Bitcoin’s Noisy Size Debate Reaches a Hard Fork”

http://www.contravex.com/2015/08/19/vox-populi-vox-dei-no-more/
2558  Economy / Speculation / Re: I AM HODLING on: August 20, 2015, 03:33:44 AM
someone want to explain the "HODL" backstory to me and it's full meaning?

I'm assuming just another way to say buy and hold and never sell  Grin

check OP. (1st post)
2559  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 03:19:41 AM

Back clearly does not understand economics. Mining gets more centralized because of economies of scale. this is unavoidable unless you intentionally want to keep mining as a hobby. Look at gold mining. At the beginning of the California Gold Rush, anybody with a shovel and a pan could make a buck. After the low hanging fruit all got picked,you had to invest more and more capital and have more knowledge and specialized knowledge.

Back's basically saying that he doesn't want to scale up at all, but if we are to scale up it should be as little as possible. He offers valid concerns, but in practice, that means that "reasonable" block size increase means no increase. 

Mining centralization is unfortunate and unavoidable but there is also limits to centralization in an open network. The barriers to entry are hardware efficiency, cost of hardware, cost of electricity, technical skill and other things like bandwidth.

Every single barrier can be overcome if the price of bitcoin gets enough. The same thing happened a few years ago when gold prices jumped so high that placer mining became profitable again. Smart rich people from lower margin industries come in and compete--But that WON'T happen if most bitcoin transactions go off blockchain because of economics.

Oh yeah. Economies of scale. Surely he hasn't heard that one before. Good on you to point this out.

I'd say you clearly don't understand english maybe? Did you somehow miss this paragraph ?

Quote
Adam Back: The worry with extremely large blocks is that they can be used to exacerbate a selfish mining attack. If you’ve got a large miner or a couple of large miners, they can create very large blocks and other people won’t be able to receive them or process them in time. So, they will gain an advantage in mining.

Bitcoin chose its parameters to make the advantage minimal so that it’s a level playing field between small miners and large miners. Right now, the interval between Bitcoin blocks is ten minutes. And the approximate time it takes to propagate, or send a block after it’s found, across the peer-to-peer network is about 10 or 15 seconds. You want the ratio between the propagation time and the block interval to be high enough, because, as a miner, while you’re waiting to receive a block, or while you’re processing a block to check it’s valid, you’re unable to mine. So, you lose money.

By having larger blocks, it’s going to take a longer time to process them. So, it’s going to favor miners with higher bandwidth or who are more centrally connected via high speed links to other miners. It gives them an advantage.

If you increase the block size rapidly, the level playing field is eroded. If it gets eroded too much, once miners are able to create blocks that only they and a couple of other big miners can mine, they can exclude everybody else because [other miners] can’t keep up.

The block size is there to put a check on these economies of scale and level the playing field.
2560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2015, 02:57:31 AM
This is an attempted coup alright, but it's from idiot miners who want a bigger slice of a smaller pie. If we cave on this, they will never allow our network to become competitive enough to disrupt the banksters.

Bloating the blockchain to DOA levels will disrupt bitcoin, not the banksters.

Besides, 8mb blocks, or even 80mb blocks, aren't enough to scale to such levels. You'd need enormous storage (and bandwidth) per day to compete with the volume of banks and credit cards.


so which is it, the increase is too big and too small at the same time?  We don't need to go head to head with VISA right now. We need grown up core devs who don't let the perfect be the enemy of the good.  

Why do you need bigger blocks right now?

Stop promoting this false dilemma. It's not XT or nothing.




I'm totally on board with the guy who doesn't know how to spell brakes. Obviously a Top Mind™.

The guy is Greg Maxwell. Of course small brains such as yours can only fixate on grammar mistakes and not the content of the message.
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 223 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!