This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the maximum effective block size, to more than 2 MB and less than 4 MB, and will only be adopted with a broad support across the entire Bitcoin community. -We will run a SegWit release in production by the time such a hard-fork is released in a version of Bitcoin Core. does this line imply 2MB + segwit or just segwit its not clear I'm taking it as a both 2MB + segwit. Segwit right meow. No more nonsense about contentious hard forks. 2mb eventually but Not Tonight Dear. |
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Ha ha. You lose. Again. Just like I told you would happen.
We all lose, you fucking dimwit. That's nice. Go tell Bitcoin Obituaries all about your whiny poutrage and how you wanted 2MB blocks Right Meow. The only way Honey Badger loses is if he starts giving a shit about your endless, petulant butthurt.  |
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I like your new signature quotes, but I miss the old avatar... I guess this is a zero-sum game after all?
I miss my Classic avatar too. The video in the pics from Russia thread reminded me how much I like it! It will change back soon. And the sig quotes get rotated. Too many good ones to fit in 3 lines. So yes, sig space is zero-sum. Duh! Thermos should let us pay to disable other users' option to not display sigs!  |
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... Now it is great time to readjust the interest rates in lending markets. Looks like there are a lot of demand for Moneros right now for shorting purposes. Some kind of "OPEC" style of cartel could be formed in lending markets.  I agree that this needs to be done, but not for the same reasons. And not just for the lending markets but for the stability of the asset (and the dream). I believe it is inevitable that this coin will be attacked by TPTB and there is no way in which it can be defended against those without a significant portion of the coin being protected. It is just a matter of time and that time is running out as the false Anon coins fall like domino's. As a matter of fact I would not be surprised to find out that a significant portion of the asset is currently held by those powers right at this moment. Many discount my warnings throughout time and inevitable all my prediction come true. Discount this without preparation and you will suffer the consequences. I believe this is the most serious threat to this project, far and above any competitor whether current or future. But I do not think You TrueCryptonaire are trustworthy enough to be part of this group as you will take the bribe when it appears with no thought to anything but your own self interest. But as for price fixing the lending rate I would say you would adhere to that partially just to make sure you make the highest returns possible. You are an exceptionally self centered person but at least that can be counted on. So I'm sure anyone entering in a deal with you will know that you will stab them in the back when it is to your self interest. Where should we fix the minimum lending rates? I suggest between 0.075% and 0.1%. Defectors from our alliance only hurt themselves by getting dust instead of real Monero. During a good rally, it's always fun the twisting the knife and inducing panic by taking all my available coins off the lending market for a while. In other news, Dash is on life support. Expect their market cap to continue leaking into Monero, as Dash has no plans (nor ability) to defend itself against a Shen-on-Shadowcash style pwning.  |
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I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER.
You'll always be a loser in my eyes. If pouting helps you feel better about Classic losing the debate and getting #R3KT in exactly the way I told you would happen, go for it. You probably also believe a tiny roomful of nerds eating sushi has the power to compel Honey Badger and commit him to future actions. How sweetly naive, how adorably innocent. |
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I've partially accepted the fact that "big blockers" have lost this round and have been trying to figure out if there's any future for Bitcoin after the miners decided to go with Core. I was very encouraged by two things today:
1. Core will commit to a HF of at least 2MB and have the code ready for July. Even if the trigger is Feb 1 2017 it would mean that a lot of the uncertainty surrounding Bitcoins viability would be gone. 2MB with Segwit would allow Bitcoin to grow on the main chain. Not much, but maybe enough for it not to experience an economic collapse.
2. Miners were explicitly threatening to ditch Core if they didn't give them a bump in the block size limit within a given time frame. That is powerful. What little I've understood from this debate is that parts of core are manipulators and lying bastards and can't be trusted, so it would be nice if someone held a gun against their heads.
However, If the miners accept the wording quoted above then this agreement is a total loss. We've seen the phrase "maximum effective block size" before. It takes into account the theoretical increase from segwit and all the other witchcraft they've been talking about lately. Bitusher even started including LN blocks into the calculations in an earlier discussion in this thread. We might end up with less than 1MB maxBlockSize on the main chain by the looks of it.
You should accept the fact "big blockers" never had a chance. Not this round, not the previous round, not the next round. You aren't holding any cards, and Honey Badger has aces up his sleeve. If that makes you cry, go write your whiny Bitcoin Obituary and ragequit like Hearn. 1. Core has no authority to commit Honey Badger to anything. You only pretend their happy talk about July '17 is a victory to protect your ego and avoid cognitive dissonance. In your heart, you know it's a hollow hope. 2. Honey Badger doesn't take well to explicit threats. How could you not understand that by now? Honey Badger will sooner tear your head off and take a nap in your chest cavity than capitulate to or compromise under duress. If he did anything different, he wouldn't be Honey Badger. You persist in the wishful thinking wherein if you complain and FUD loudly enough Honey Badger will magically transform into a Compromise Weasel. But that won't happen, unless he is not antifragile after all and we should all just go home because the experiment is over. Bitcoin's proof of work is replaceable; it's Holy Blockchain is not. Hyper-specialized, over-centralized sha256 ASIC miners need Bitcoin infinitely more than Bitcoin needs sha256 ASICs (which are becoming a liability as their centralization leads to some miners thinking they are the bosses of Bitcoin's Planning Committee). |
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Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold. Watching fatty lose his principles for a $20 $19 relief rally was the hardest part.  GG guys... GG Thanks for having to integrity to admit defeat and offer unconditional surrender. I can respect that. I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER. |
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The consensus is " there is no consensus on anything but 1. segwit asap and 2. fuck Classic." Honey Badger continues to sleep soundly. The noise of cans being kicked down the road does not disturb him in the least. |
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GavinCoin thinks consensus is 75 wolves and 25 sheep voting on what to have for lunch. It's actually an irrelevant number of wolves howling and one Honey Badger just not giving a shit. |
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so dash is done? xmr taking over for good? silly silly troll, Dash is just getting started. oh my, look at that .. a new ATH today :  oh dear, no impending doom signs And how did ATH in his feeder funds work out for Bernie Madoffield?   I can't believe Dash doesn't pay for bug bounties, but has plenty of cash for questionable priorities like soda machines and high-price marketing flunkies. It's not a good sign when the Dash community prefers a false sense of security and privacy theater to actually vetting their code with outside expert review. |
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"If core provide the specific date to deliver HF, and keep the promise" Core is in no position to make promises on behalf of Honey Badger, much less force him to do anything by a specific date. A HF done not for technical/engineering reasons, but merely to try and shut up the Classic extortionists, sets a terrible precedent. If Core is agreeing to throw Gavin a bone just to stop his dogs' barking, the stalemate is broken and all hell will be unleashed on the markets. I hope Core and Blockstream will on principle refuse to compromise under duress from the threat of Gavincoin's consensus destroying attack. If they do not, the cold war balance of MAD is over and the Great Schism could get very hot very fast. And we already have consensus...it's called The Holy Blockchain. |
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Core Power Rangers have been given an ultimatum It's not about votes granted by breathing... it's about votes granted by quadrillions of hashes... You honestly expect Honey Badger to respond to ultimatums (ie threats)? If X gives a shit about ultimatums and threats, X is not Honey Badger. As for the [impressively large number of] hashes, their function is to act as well-paid security guards, not executives. If the security guards start demanding a vote in the boardroom they protect, the board will simply fire and replace them with new rent-a-cops. There is nothing indispensable about sha256, and if the centralized miner tail tries to wag the distributed socioeconomic majority dog we will simply change to another PoW. "simply" he says. Yes I said "simply." You seem confused so I'll draw you a picture. If Gavincoin forces a situation where catastrophic consensus failure is unacceptably likely, the socioeconomic majority will simply change the PoW to something other than sha256^2. It's not hard; the code has already been written. We may even use the crisis as an opportunity to upgrade to a less centralization prone/friendly algorithm. But don't take my word for it, read what the CEO of Spondoolies says. https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0Sha256 isn't any more important to Bitcoin than an individual worker bee is to Honey Badger. Their angry buzzing and futile stings simply have no real power. They can try to make Honey Badger give a shit, but the attempt only results in their own demise. The Sovereign Citizens of La Serenissima will not allow Gavinista bankster shitlords like R3's Mike Hearn and Coinbase's Brian Armstrong to trade off their critical consensus (as preserved in the Holy Blockchain) for the sake of high time preferences. Any impatient/impertinent miner that joins in such a hostile effort may go straight to hell, and take their suddenly-obsolete sha256 ASICs with them as a handy doorstop/paperweight/boat anchor/souvenir. |
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Core Power Rangers have been given an ultimatum It's not about votes granted by breathing... it's about votes granted by quadrillions of hashes... You honestly expect Honey Badger to respond to ultimatums (ie threats)? If X gives a shit about ultimatums and threats, X is not Honey Badger. As for the [impressively large number of] hashes, their function is to act as well-paid security guards, not executives. If the security guards start demanding a vote in the boardroom they protect, the board will simply fire and replace them with new rent-a-cops. There is nothing indispensable about sha256, and if the centralized miner tail tries to wag the distributed socioeconomic majority dog we will simply change to another PoW. |
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Still going higher. At this point up 10x from a few weeks ago. I wonder if something is up? Seems a poor candidate for a takeover scam given the very, very slow emission curve. Assuming it's not abandonware, XCN was (is?) very oversold. Mini-blockchain is still a very cool idea, even if Nobody Cares at the moment. And every coin with a unique proof-of-work accrues value every day it continues to exist, as a backup/adjunct to Bitcoin if for no other reason. Too bad sidechains don't work, or we could bolt Confidential Transactions onto this thing and take it out to Bonneville. |
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Thanks for posting that wonderful slide, it's like the Rosetta Stone of Bitcoin's Great Schism. How do you imagine I'm going to cause some radical change in our beloved phlegmatic Honey Badger? I'm flattered you believe it's within my powers to transmute Bitcoin into some perverted form (via inaction no less!), but can't fathom the internal logic of such a fanciful delusion. The truth is Honey Badger really doesn't give a shit what I (or you) do (or don't do). Bitcoin will only stop being Bitcoin if it ceases to be immune to the populist nonsense and moral hazard insisted upon by Gavinista quasi-majoritarians. Gavincoin's 75% threshold is three wolves and a lamb voting on what to have for lunch. Bitcoin is never going to sacrifice its critical consensus for your high time preference. The max block size will increase eventually but Sorry, Not Tonight Dear.If you want to use a democratically elected political currency try the USD, EUR, or CNY.  |
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Short term predictions are harder than longer term.
Long term it is probably pretty binary:
1) A huge success
2) A complete loss.
There probably is not anything between since the extremes tend to gravitate Monero to either direction.
Last weekend I honestly thought it will go to 0.004 but then suddenly some shaky hand decided to pour his/her bag on our heads and shoulders and the market cooled down for a week.
There is meta-speculation about exactly what (for Monero, Bitcoin, gold, silver, and fiat) constitutes the "short" and "long" terms. Are those terms strictly temporal? Or are they the product of time and causality multiplicands? IOW, is the medium term defined by 'from now until Kondratiev Winter Solstice' or just by volume of calendar months? I'd agree that the medium term is demarcated by status quo and until such time as Bitcoin+Monero achieve huge success or suffer complete loss. The temporal duration is arbitrary and may be factored out. When I say "long term" I am referring to the post-fiat Great Hereafter of crypto ascendancy (Cryptopia) or the unmentionable Black Mirror alternative, not some random number of solar/lunar cycles. |
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That is a beautiful slide. Occident and Orient meeting on the common grounds of knowledge and wisdom. 5,000 year old high culture + liberation technology = WINNING. So much for the bigoted notion that Bitcoiners in China ("Chinese Bitcoiners") are too subservient, stupid, and greedy to resist the siren song of The Blockchain Alliance Inc's putative authority. |
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Pervert it all you'd like iCE, it won't be Bitcoin when you're done with it. 
