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Jeebus buck this is getting tiresome. Answer the flipping question: Why do you think non-mining validator count has any bearing on a measurement of 'economic majority'?Read my posts, the answer is there. Because they can reject blocks and transactions that are invalid on the network. If the miners start pushing their own agenda and the economic majority resists, there is nothing the miners can do but to risk a chain split or follow the network rules. Is your brain broken? You have done nothing to answer the question. The question is not about miners vs. economic majority. Re-read, absorb the meaning, and reply to the actual question. Because the more nodes there are, the more node decentralization there is, and the more the network is resilient. But you believe that only miners should run nodes, right? How is that good for the network where there is miner cartelization? No. I never claimed that "only miners should run nodes". And again, you have not answered the question: Why do you think non-mining validator count has any bearing on a measurement of 'economic majority'? |
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Really!? Exactly why has my post been deleted? It is exactly on-topic, and it is not abusive to any other participants. Exactly what drew your ire? A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. about a month has passed from this, so can someone give us a summary of what exactly happened.
Yeah. Nothing. Not to mention the other posts you deigned to eradicate... uncomfortable truths, Mr Moderator? |
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Jeebus buck this is getting tiresome. Answer the flipping question: Why do you think non-mining validator count has any bearing on a measurement of 'economic majority'?Read my posts, the answer is there. Because they can reject blocks and transactions that are invalid on the network. If the miners start pushing their own agenda and the economic majority resists, there is nothing the miners can do but to risk a chain split or follow the network rules. Is your brain broken? You have done nothing to answer the question. The question is not about miners vs. economic majority. Re-read, absorb the meaning, and reply to the actual question. |
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You do realize who you are arguing with
Haha. I gotta ask. Just whoop you think I am? A paid shill Where's my pay? Do you dole it out? You owe me big time, dude (or dudette). |
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I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?
You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions. |
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Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?
Hey bearman. You said something about wanting to make some sort of research group If you want to make a discussion thread about it do so and toss me a link. New thread over here -> https://bitcointalk.org/index.php?topic=4748843.0edit: well, no. I've closed that thread after including a link to another thread on the topic that was booted up in my ever-so-brief absence. |
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I don't know why, but a preponderance of threads have the second post reserved by the thread starter. Maybe some day it will be evident to me why this is done. In the meantime...
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Branched from the WO thread: All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting: https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/
This thread is meant for the discussion of this program, and the tax advantages thereof. Think of it as a self-selected 'study group' where we all help each other to understand: - whether this is a program we each can take advantage of; - tools for evaluating the scope and amount of benefit; and - the details of engaging such program. This is a self-moderated thread. I intend to moderate only posts that are clearly off-topic or abusive. In an ideal world, this would be zero deletions. Let's see how it goes.
Edit: Nevermind - there is already active discussion underway at : https://bitcointalk.org/index.php?topic=4740118.0 |
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Thank you for the link. Extremely interesting. North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate. Can I invest in meth labs? Grr. Be serious for a moment, dammit! This is potentially useful to a good number of us here. Boblawblaw? Where you at? I know you've got me on ignore, but this should be very interesting to you too. This could be an opportunity for a seasteading Bitcoinist. Set up shop in an o-zone (numa numa) to build components for the steads. Dodge some tax money, employ a few people who need it and help to build your new community in the equatorial zone. Win win win. FryePondering.png "Not sure if serious...or trolling me". No. The tax advantage bestowed by this program is only for investment in specially designated Opportunity Zones - all within the US, and in areas deemed economically disadvantaged in relation to surrounding locale. Unsuitable in the least for seasteading. |
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interesting article. thanks. so i may have the option of taking tax money that otherwise would be paid to the government and more or less wasted and instead pick my own areas and technologies to invest it in instead. and it helps the little guys. im in. although it sounds too good to be true to be honest. and its new and untested. never had a problem with new and untested things before, as long as i can figure risk/reward ratios fairly well. Well, not quite. At least I don't think so. Bear in mind I just learned about it yesterday. But rather than being able to redirect your tax money, it is actually the money that you invest through this program is not taxed (for ten years, profits to be tax free, etc...). But overall looks like a very attractive program. Help bootstrap a needy community of your choice, and get a very favorable tax treatment. |
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You do realize who you are arguing with
Haha. I gotta ask. Just whoop you think I am? |
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Interesting. So essentially, I can sell all of my bitcoins and invest in something in some poor neighborhood. Then if I keep it 10 years I owe no tax. But what could survive in a poor neighborhood that would be worth anything in 10 years? Gold store full of gold? Lambo dealership? I seriously don't see anything in the US being as valuable in 10 years as keeping my bitcoins. Fair enough. You've made many steps toward divorcing yourself from the land. Some of the rest of us... not so much. Checking the maps, there are qualified Opportunity Zones quite near me. |
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Eat fish. You can't go wrong with fish.
Iodine supplements, man. I'm telling you... Also, Rick is going to be super happy when he wakes up, with the way Bitcorn prices are shaping up. Dude has decided he's going to ragequit his job if/when BTC hits $20k USD. I'm hoping Rick gets to quit soon. |
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Carolina
Woot! I remember her!  Who knew? |
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Thank you for the link. Extremely interesting. North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate. Can I invest in meth labs? Grr. Be serious for a moment, dammit! This is potentially useful to a good number of us here. Boblawblaw? Where you at? I know you've got me on ignore, but this should be very interesting to you too. |
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"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."
- 'Bitcoin: A Peer-to-Peer Electronic Cash System', Satoshi Nakamoto
The words of Satoshi. Do you believe we should follow it like a religion? No. At least not just because they are The Words Of Satoshi. But it does concisely explain how Bitcoin actually operates. No matter how much bloviating is directed to the incorrect impression that non-mining entities have any enforcement power over the chain consensus, the design decision of the miners determining the rules is unchanged. As it should. But that is not the case on how Bitcoin operates today. You are incorrect. It is exactly how bitcoin operates today. Ok so from your point of view it was the miners that agreed and decided to activate Segwit without outside pressure? Whether or not subject to outside pressure, it was indeed the miners that activated The SegWit Omnibus Changeset. That did not answer the question. Did or did the miners not succumb from outside pressure and went along to activate Segwit? Or do you believe they did the decision by themselves? Yes, it answered the question fully. There is no way of knowing what the motivation of any party is, as that is internal to their mind only. All we can know is what happened - which is that miners activated Segwit. Hypothetical situation, what if the miners disagree with the economic majority in activating something and the economic majority announces that it will activate and enforce it themselves and take the risk of a chain split?
In such a case, it would be a Mexican standoff until one or the other groups capitulates. There is no a priori way to determine which group would cave. For while it is true that a chain that nobody wants (as if it would be nobody) is worthless, similarly a chain that cannot be traded upon is also worthless. But a more important question to ask would be why it is that you think that non-mining, validating entities -- the most Sybil-able group in the ecosystem -- has anything to do whatsoever with economic power? But that was not what I was asking. I was asking about the importance of non-mining nodes enforcing the rules and validating transactions and blocks themselves. If there was "economic power" that would come with it, it would be secondary or a side effect. No. See my bolding of your quote. You were not asking about the importance of non-mining validators. You asked about a divergence between miners' desires, and desires of the economic majority. You seem to me to imply that non-mining validator count is an indication of economic majority. If this indeed be your claim, I call bullshit. Non-mining validators are a trivial cost to spin up any number of sybil clones. As opposed to mining power or demonstrated coin hodlings. Nevertheless, I am asking why you think non-mining validator count has any bearing on a measurement of 'economic majority'? But if the miners came to decide to do a Sybil attack because it is "easy", do you believe that the economic majority running non-mining nodes will follow? Would it not cause another chain-split? Do you really believe that the miner's chain will be called "the Bitcoin"? Why are you dodging my question? Answer the question I posed to you above. And again, you seem to be laboring under some delusion that non-mining validators have some relation to economic power. What is your justification for this assumption? |
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Well, that was a good movie (or a well-spent 90 minutes - whatevs).
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those walls must be totally gluten-free  I pity those with celiac disease. I love my gluten. I even add gluten to my dough when I bake. It's hard to get your hands on ultra-high-gluten flour unless you're a commercial bakery and even then it's not available in small amounts. It's easier to simply add gluten. In fact I'm in the process of boiling up some gluten-rich durham semolina pasta for dinner. All this wall eating is making me hungry. Nomnomnom. edit: $8k yay. Hmm. And I thought you were a steak-protien centric sorta guy. I guess one could be an consummate carnivore, and have a penchant for pasta besides... I just didn't see that coming. |
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