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Has anyone bought some pizza with ether yet?
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holy shit wtf is going on?
Amstrong's blog is from yesterday. Price started retreating three days ago. Perhaps the correct causality is price retreats --> Armstrong speaks Armstrong went full Buttcoin weeks ago. Armstrong running the biggest fiat exchange is like putting Stolfi in charge of Blockstream. The only question is "malice or incompetence?" armstrong is the next karpeles and coinbase is the next gox ... no company is bigger than bitcoin, they all seem to want to learn that mistake the hard way ... the warning signs have been there for quite while and the pattern is too familiar to be ignored. if I was him I'd be making arrangements for what happens while he goes inside. |
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admit it .. .the whole "blockstream core planners" spiel/spin is lame.
you just choked up your groupthink vomit all over the place trying to justify using such lame language.
[Politely nods.] If you can't see a conflict of interest glaring you in the face ['cause you chat with the nice fellows in irc], and don't see that conflict manifesting in how this has all gone down over the last year... I really just can't help you, sorry. 'cause arguing on politics, governance, motivations, personalities and social science unquantifiables is riddled with subjective sloppiness ... so that is where the scoundrels and stirrers seek refuge when they run out of technical arguments that can win on merit. yep, keep running that conflict of interest BS canard up the flagpole, that will definitely get bitcoin working better ... shall we have 8MByte worth of conflict of interest or do you think 20 MByte of conflict of interest is better? ... hmm let me just a put a thumb up my arse and pull another BS innumerate non-argument out. |
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admit it .. .the whole "blockstream core planners" spiel/spin is lame.
you just choked up your groupthink vomit all over the place trying to justify using such lame language.
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If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.
Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it. A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year. I can agree with you there [feels weird], miners would soft limit below the hard limit anyway, like they did before we hit the 1MB ceiling. I'm for a fee market, just one determined by the producers, not the planners. ... you need to break your mind free of the Classic groupthink newspeak rhetoric, there are no "planners" just developers providing code that the nodes choose (or not) to run. Attempts at vilification through framing the debate and/or agenda via language (spin) is a sure sign that you are the subject of an attempt to manipulate your opinions and influence your previously independent thought processes. |
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If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.
Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it. A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year. |
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If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.
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Looks like the anomalous transaction increase that prompted the timely March 1 chaos might have subsided. I predict that in keeping with the problem-crisis-solution spook playbook we will soon see a blog post or tweet or similar controversial statement from Gavin (big block solution now super-duper urgent) with his smiling face promptly upvoted to the top of the front page on r/Bitcoin ... a silent "beautiful settlement network you got there, be a shame to lose it ..."
https://www.reddit.com/r/Bitcoin/https://www.reddit.com/r/Bitcoin/comments/48srb6/onedollar_lulz_gavin_andresen/... and just like clockwork there's gavin's smiling dial on the top of reddit with the "solution" to the manufactured "crisis" |
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https://bitcointalk.org/index.php?topic=1382884.0small heads up for anyone thinking of shorting ... i'm getting a bit of 'bolt from the blue' scaling solutions vibe that has been building up recently, not just this paper but there has been some interesting novel approaches increasingly out of left field, only a naive pessimist would suggest upgrading bitcoin's capacity is an intractable problem, be careful what you wish for.
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What number of blocks is beyond the common sense reorg danger? I know theoretically very long reorgs are possible, but from what I have seen it is not so common for any big reorg. I think by setting a delay of N blocks before creating the most recent bundle, then the odds of having to regenerate that bundle would be very low. Since it takes about a minute to regenerate it, it isnt a giant disaster if it has to, but best to default things to almost never has to do it. For reference, there is a protocol rule which prohibits generated BTC (coinbase tx) from being spent until it has 100 confirmations. Older Satoshi client had an additional safety margin: it won't let you spend generated BTC until it has 120 confirmations. Discussion surrounding locking coins for sidechains was in the 144-288 blocks depth range. |
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Well I bought a metric fuckton of futures in the low $430's/high $420's  See yall in the morning. We're bleeding but I think you did the right thing at this point. That was an interesting all-in point I must say but we going back up in a large part. I had it in my head since a few days ago on a solid long + a solid short... going for a hat trick this week. I wouldn't be overly shocked to see $450's in the near future.
Opened a few shorts and off to bed.
Might be a shit show if there is a dip going into Monday.
Should have a nice buy back in the low $430s. (OKCoin futures)
If I get pwned I get pwned, but someone is buying a shit ton of quarterly futures on OKCoin atm. $1,000,000 worth are in the process of getting swapped around @ $428. $400,000 remaining.  you'll be sweet ... buying in on the classic big-block capitulation point looks like a winning trade to me. |
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It's gonna take some pain to wake up these miners to the fact that they may be relying on their main competitor to plan their own future.
Some times learning is painful, hopefully they realize LN is competition for fees, and while it promises to deliver many more TX/s it has no ability to create demand, quite the opposite relay it appears to erode the ability for individuals to settle with hard money. ... and yet more cluelessness, it appears to be spreading, I wonder why that is? |
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Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.
Satoshi is not Nick Szabo. Do some research. ... not him. |
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doom, lower, lower, lower ... the divide and conquer appears to be working.
and it could have been avoided so easily.... I don't think so ... Gavin is one stubborn SOB aussie |
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doom, lower, lower, lower ... the divide and conquer appears to be working.
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http://www.theguardian.com/business/2016/mar/02/global-super-rich-luxury-goods-yachts-wealth-report-knight-frankThe number of ultra rich – people with $30m (£22m) or more in assets – fell 3% last year. There are now 187,500 with assets in excess of that benchmark, down from from 193,100 in 2014. This was the first decline since the financial crisis. Between them, they controlled $19.3tn in assets, down from $22tn the year before.
The number of dollar millionaires around the globe also fell from 13.6 million in 2014 to 13.3 million last year. Together, they hold assets worth $66tn – more than the value of all global shares added together. The vast majority of the planet's wealth is concentrated in the hands of roughly 13 million people. Wealth and monetary goods are not determined by the "mainstream".
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Stop using pseudo-metrics bereft of meaning, sat/byte pls.
good point. Just for comparison, the reward/blocksize ratio in sat/Byte metric will be; 2500 sat/Byte for current 25 BTC/1MByte 1250 sat/Byte when SegWit delivers effective 2 MByte blocks 625 sat/Byte when reward halves and SegWit 312.5 sat/Byte when reward halves, SegWit and 2MByte hardfork delivers effective 4MByte TX space 156.25 sat/Byte when reward halves again to 6.25 and SW+HF. |
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Looks like the anomalous transaction increase that prompted the timely March 1 chaos might have subsided. I predict that in keeping with the problem-crisis-solution spook playbook we will soon see a blog post or tweet or similar controversial statement from Gavin (big block solution now super-duper urgent) with his smiling face promptly upvoted to the top of the front page on r/Bitcoin ... a silent "beautiful settlement network you got there, be a shame to lose it ..."
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