as Andreas says, "prepare to lose all your money!"  

Urgency begins before the sky is falling. Only limited brains would wait until the sky is falling.

Peter Todd is 'toxic' and a poisonous peep because he asks that people quote him correctly and not invent his arguments for him.  LOL.  I don't follow reddit much but when I do I inevitably find it even more useless than our little trolltalk here.

PT is getting trashed in the rest of the comment section those who seem sick of him are getting very highly upvoted

https://www.reddit.com/r/Bitcoin/comments/3fuz2s/peter_todd_against_gavin_on_the_bitcoindev/

I think this whole blocksize "debate" has opened a lot of people's eyes.

I don't see how proportion of hash rate has anything to do with orphan rate.  Each broadcast block has the same chance of being orphaned as the next broadcast block, regardless of your proportion of hashrate, with network speed and connectivity being the only major variable.  He needs to show some peterr-style analysis.

Ignoring many other issues related to uncapped block sizes, this demonstrates that, in network topologies where the majority of the malicious actions of a single miner can be sufficient to drive the poorly connected minority hashrate out of business, without negatively impacting the revenue of the malicious actor.

At this point of its early stages, MORPHiS is a global encrypted distributed datastore intended to replace the cloud for storage and far more. This first release also includes DMAIL (distributed mail), inherently spam resistant, inherently encrypted, uncensorable, free distributed messaging.

MORPHiS is simple to run, accessible to everyone: Download, double click, and your web browser now opens a window viewing the root MORPHiS UI page where you can already browse and upload to the next generation of the Internet - MORPHiS.

Through the power of distributed technology MORPHiS is software run by each of us to create an independent network that requires no centralized servers or control. Upload files to the network via the web browser, SSH client, or use "mcc", the command line MORPHiS UI.

MORPHiS is also a start to the foundational layer for The World Brain. It is a project that aims at a future of truly free and open dialogue, knowledge and ideas, not only on the web, but in our everyday lives.

If MORPHiS is successful, I believe it has the potential to connect us all on a trust based system via the next generation of the internet; deprecating necessary evil, making mass government surveillance impossible, and not to mention, the future possibility of dissolving human conflict into unity. Until then, it deprecates: email, bittorrent, youtube, the internet, etc.

I am doing this all for free for all humanity because I hate evil. I am morally opposed to slavery in every form, including the covert economic slavery powered by lies that is used today in all nations that claim they do not allow slavery.

Most important is that this project isn't about one person, or even a few. It's about all of us, working together to create the world we want to live in, free from corruption, slavery, evil and manipulation; a vision many have thought impossible, until now.

Who are these financial institutions, and why do assume they are necessary. You seem to ignore the fact that bitcoin is money. Its a medium of exchange, a unit of account, a store of value. The blockchain facilitates these things. Your financial institutions are an unnecessary complexity, the blockchain doesn't need financial institutions it *is* the institution.

Your summation quite clearly reveals some other agenda. You know that increasing the block size undermines it, so you are fighting tooth and nail to try and prevent it.

I see centralization and scalability as a trade-off, and for better or for worse, the block chain only offers one trade-off. I want to see technology
built on top that introduces lower levels of trust than typical fully centralized systems, while offering increased convenience, speed, reliability, and scale. I just don't think that all of that can happen on the lowest layer without hurting everything built on top. We need different trade-offs, and the blockchain is just one, but a very fundamental one.

Uh... you do realize this is just some jo dad with a stupid reddit user name, not the Winklevii.

uh oh, Blockstream pissing off some of the most important early adopters in the space:

https://www.reddit.com/r/Bitcoin/comments/3fhik9/mike_hearn_outlines_the_most_compelling_arguments/ctosiaz

i smell doom.

that long term bull trend line really added some colour. Might be the line to watch now.

TPTB so you see gold stay low tilll March next year?

I'm inlcined to see it your way. Can't see bitcoin go up massively if gold is going down.

Great discussion everyone!

2015 tells a different story.  Orange line is XAUUSD

oh, I think he does.  The lives he ruined is one thing, but he caused more damage to our project than any other single person. Bitcoin may be the only thing that saves our children from living in a vastly poorer world. If it is, and mass adoption was delayed by about a year or two because of him, the loss of potential benefit is incalculable.

Being everything for everyone is silly, I agree. But 2MB (max not avg) seems manageable for a vast majority current nodes. Seems satoshi's vision was scaling up where technologically feasible and reasonable, while maintaining sufficient decentralization.

how do you measure consensus?

don't you find yourself lame as hell quoting someone who's also getting pounded with downvotes?  and of all ppl, Troll davout-bc himself?   you're hurting your own case 

I guess you have a magical system to increase worldwide energy production overnight ?
And what does "worth it" mean?  If a coin is worth 500K people will spend maybe 450K worth of energy to mine it.
Is it "worth it"?
 

The nature of bitcoin is that if mining becomes too centralized and the miners decide on an unpopular fork, the users can just ignore them (well, we will need some miners, and in the worst case we might have to manually drop the difficulty to keep things running with less hashpower).

As long as the user base disagrees with the change, they don't have to follow along.  More users is more decentralized. The miners only have as much power as we grant them, and we can take it away if necessary.