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3141  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 23, 2015, 02:30:14 PM
Two known CIA/NSA assets infiltrated in the Bitcoin community - Gavin Andresen and Mike Hearn - have joined forces to push a hastily concocted privacy nightmare/scamcoin, which they call Bitcoin-XT.

It is currently completely irrelevant, owing to an absolute lack of financial, economical, technical or social support.


This must be one of the lamest and most stupid FUD there is...It is pure lie and misinformation

He did meet with the CIA, in the same way that I met the FSB. He talks about it in "The Rise and Rise of Bitcoin". Meeting people just means that you meet people.

It might very well be that Satoshi Nakamoto was an alias related to a NSA∕CIA project to create a digital currency, in the same way as with TOR. But we don't give a shit, because we can check the code.

Who cares if it turns out that the NSA/CIA funds Bitcoin development? As long as we can check the code and see that it is in line with what we think Bitcoin needs to be then they're welcome to use their resources to make Bitcoin better.
3142  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 11:08:36 PM

Looks like we'll need to raise the block limit schnappish!
3143  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 10:24:16 PM
Quote
Question:   Core Vs XT
XT   - 13 (22.4%)
Core   - 30 (51.7%)
IDK   - 15 (25.9%)
Total Voters: 58
Core wins!


Hurray!
3144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 10:21:30 PM

3145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 10:12:39 PM
To "Bip or not to Bip" that is the question  Grin

I have been reading so many pros and cons..... last look, XT is slowly gaining nodes.

Of course you bip. Or you'll hit the wall.



If this doesn't solve the issue I will declare Bitcoin dead.
3146  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 08:43:52 PM
Listening to these fools, arguing that bitcoin doesn't need to scale because we can use trusted third parties to work around the transaction limit.  In short it can scale as long as we don't scale it. 

People with conflicts of interest complaining that their opponents have conflicts of interest. 

so anyway. I bought a $50 gamestop gift card at purse .io for $41 worth of bitcoin, went to Gamestop and used the credit to buy a shell gift card, went to shell and bought gas and a pack of cigarettes and still have $41 dollars left on the card, so I effectively got my purchase for free!

Purse.io rocks. Bullish? not a paid endorsement


I've been teasing you a lot lately, but that is actually really cool!
3147  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 07:59:27 PM
This is still a slippery slope argument. You're assuming that the Bitcoin ecosystem is so stupid that they will adopt just any change no matter how destructive it would be.

It's not stupidity. It's just that most people in the ecosystem are formulating an opinion based on a fraction of the data and possible implications.

Quote
If so, then Bitcoin is doomed anyways and we should just all give up. If there are no arguments pro core and/or against this XT implementation then I don't see what you're trying to say here.

I'm saying leave the experts of the core team to do their work. They know what to do and they're doing it well.

Quote
PS. You can disagree with Gavin, but to suggest that he doesn't know what he's doing warrants a bit of an explanation. I would be very interested to hear how he went from chief scientist to bumbling ignoramus.

Well, if avg block size is currently at 0.4mb (and even that is full of dust / spam txs which will be wiped out once fee competition starts for 1mb inclusion) and he says we "urgently" need 8mb and that's a very serious reason to fork it while in the process creating a rift among the devs and risking market uncertainty, well... you don't need to be a rocket scientist to realize that something very fishy is going on.

I don't believe he doesn't know what he is doing. He probably knows full well. It's the whole false rationale, motives and modus operandi that I'm having issues with.




If you look at the number of transactions between Jul 2013 and Jan 2014 there is a period where the number of transactions excluding popular addresses doubles. What I see is that if we get another bull run like that, the blocksize will probably hit the ceiling. So there is a bit of urgency to it.

Now, we might not have another bull run any time soon, but in case it happens next month I'd like to see that somebody has a solution lined up. And at this point I fear that a fee hike might strangle Bitcoin in its infancy.

In any event, why do we have to wait until the house is on fire before we buy a fire extinguisher?

And if you, and everyone else who are such gung ho core loyalists, really believe Gavin has a hidden agenda, could you please tell me what that agenda is thought to be? There's a lot of cloudy insinuations, but nothing really to suggest that he wants anything else than what he deems to be best for Bitcoin.

3148  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 07:06:52 PM


c'mon!
3149  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 06:54:46 PM
Hmmm...







C'mon!
3150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 04:04:25 PM
Miners are ultimately incentivized to secure and protect the network, not improve it with risky upgrades that cause market participants to panic sell, devaluing their network's token. I predict they will simply not adopt XT.



Some good news in mainstream press. Finally!

"Federal Reserve deeply split. Renegade group of board members to create separate American dollar"

"Despite all the sound and fury, a genuine split is still unlikely. Like doves and hawks at an old-fashioned central bank, the two sides will probably agree on some sort of compromise, perhaps at two fun-sounding “Bitcoin Scalability Workshops” scheduled for later this year. And even if miners get to decide by using the version they like, this would probably not lead to a Bitcoin split. Once it becomes clear which version is likely to prevail, all miners will have an incentive to join the winning side. Already, 13% of nodes have jumped on the dissident XT bandwagon, albeit few miners. Whether majority rule is the best way to run a system with Bitcoin’s pretensions is an entirely different question."

You know the debate is going off the rails when lambie is the voice of reason.
3151  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 01:53:19 PM
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

Poster earlier said "we need faster btc, not 10 minutes BTC".

Andersen and Hearn said "we need bigger btc, not 1mb BTC"

Next thing you know, a guy who doesn't follow protocol, just like Andersen and Hearn did, forks it in favor of 2x - 5x faster transactions and claims all the other guys are cripple coiners for insisting on a time limit that is slow and that can't rival visa. He proclaims that speed is a necessary element for getting wide adoption and that otherwise we'll be favoring payment processors that can take 0-conf transactions - so we really NEED these lower conf. times.

See how good it sounds? But these populist appeals to bigger-better-faster are bullshit.

If you ask anyone whether they want a bitcoin that can transact faster or be able to cope with more transactions, they will all say yes. Why wouldn't they? But there are very good technical reasons why we don't currently have 10mb blocks, or a high block frequency, or zero fees, or or or.

For most people these technical reasons are elusive, and that means that their decision in favor of a "better" bitcoin can be heavily influenced due to all those factors that they ignore.

So let's just leave the actual devs that know how BTC works, and that perform very thorough analyses on how it'll work out if they change key parameters, to decide the next development steps of BTC.

This is still a slippery slope argument. You're assuming that the Bitcoin ecosystem is so stupid that they will adopt just any change no matter how destructive it would be. If so, then Bitcoin is doomed anyways and we should just all give up. If there are no arguments pro core and/or against  this XT implementation then I don't see what you're trying to say here. Are you worried about the open source nature of Bitcoin?

PS. You can disagree with Gavin, but to suggest that he doesn't know what he's doing warrants a bit of an explanation. I would be very interested to hear how he went from chief scientist to bumbling ignoramus.
3152  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 11:36:04 AM
cry me a river.
3153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 11:30:18 AM
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

stfu. told you this is not the place. no need to spill your ignorance everywhere, thinking your opinion matter in the first place.

wall obs thread. lets keep it that way. go altcoin section.

Have I ever told you that you're a complete ass?

3154  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 11:16:35 AM
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.
3155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 11:12:44 AM
WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

And the solution is to change bitcoin's parameter with a TV-ads approach of "bigger is better" and "faster is better" pseudo-campaign?

So next thing we know, people will be forking bitcoin because

- it has small blocks that "don't scale" (fork already provided in the form of XT- check)

- it has 10 minute blocks ("should be 5minutes or 2 minutes, so we'll fork it for the lolz, because, yeah, people can't wait 10minutes or 60 minutes if a block is late... that can't rival visa that way"

- (once the price goes over 5-10.000$ and transactions are done in 0.00x - 0.000x btc) "it has too many decimals, most people don't like them, let's fork it with proper integer units to adequately reflect value!".

- it is very centralized due to asic manufacturers etc... "we need to shift from sha256 to an asic-resistant algorithm... we'll fork it right away".

- (after the block size increase doesn't provide adequate fee compensation for the miners): "We need to increase inflation to keep our network secure, so the 21m coin cap will be no more. The alternative of non-scaling can't be sacrificed, so we'll sacrifice the fixed cap. Fork it..."



No thanks. I prefer intelligent dialogue between the core team until they have consensus. This is a multi-billion project, you can't go like a raging bull around the place.

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

you dont know what you are talking about. pls stop. not here anyway.

Perhap, but please explain to retarded little me how these are not straw man arguments?
3156  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 11:06:51 AM
WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

And the solution is to change bitcoin's parameter with a TV-ads approach of "bigger is better" and "faster is better" pseudo-campaign?

So next thing we know, people will be forking bitcoin because

- it has small blocks that "don't scale" (fork already provided in the form of XT- check)

- it has 10 minute blocks ("should be 5minutes or 2 minutes, so we'll fork it for the lolz, because, yeah, people can't wait 10minutes or 60 minutes if a block is late... that can't rival visa that way"

- (once the price goes over 5-10.000$ and transactions are done in 0.00x - 0.000x btc) "it has too many decimals, most people don't like them, let's fork it with proper integer units to adequately reflect value!".

- it is very centralized due to asic manufacturers etc... "we need to shift from sha256 to an asic-resistant algorithm... we'll fork it right away".

- (after the block size increase doesn't provide adequate fee compensation for the miners): "We need to increase inflation to keep our network secure, so the 21m coin cap will be no more. The alternative of non-scaling can't be sacrificed, so we'll sacrifice the fixed cap. Fork it..."


No thanks. I prefer intelligent dialogue between the core team until they have consensus. This is a multi-billion project, you can't go like a raging bull around the place.

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.
3157  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 02:20:36 AM
There is no blacklist in XT... just a bunch of internet rumors:

https://bitcoinxt.software/patches.html

get lost.

unproductive comments such as your's Mr. Lama are the ones which should get lost.

Don't worry. He'll fold. They always do.

3158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2015, 01:13:31 AM

RIP Bitcoin

2009 - 2015

Cant think of a better way to represent bitcoin, a weeping angel. The Doctor Who fans in this thread know exactly what happens when you blink and a weeping angel is out to get you. You simply cannot declare bitcoin dead, you cannot take your eyes away from it, you cant blink.

Bitcoin has the phone box. It's a creature from another world. It's static only when you see it... the lonely assassin, they used to call it...
Dont turn around, dont look away and dont blink.

The Nerd is strong in this one
3159  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 21, 2015, 08:35:17 PM


Oh, they'll pay if doing nothing wrong can still get you in trouble. For an extreme example, try being gay in a country where that's illegal and/or will lead to death threats if known.

If you live in a country like that and you think BLACKMAIL is the problem, then I really can't help you. That's so dumb, I can't formulate a response.


How about a country where what you do in your free time can get you kicked out of your job, because some things are considered crimes although there's no victim?

Again, that's exactly what I'm asking. In the free market, every trade is win-win or no deal. No victims. One party may benefit more than the other but they both benefit or the trade doesn't happen. There is no "victim" in backmail. Actions have consequences and offering someone a choice as to which consequences they face is a simple business proposal. I'm guessing Bill Clinton would have preferred Linda Tripp make such a proposal. 

I guess this would apply to robbery at gun point as well.

https://www.youtube.com/watch?v=LR3uFfT-qtM

I already addressed the difference. It's not my fault if you jump in the middle and think you've made some profound point.

It was by no means meant to be profound, it's just a bit difficult to follow your mind sometimes.

https://www.youtube.com/watch?v=26hOn4KYjyA
3160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 21, 2015, 08:23:19 PM


Oh, they'll pay if doing nothing wrong can still get you in trouble. For an extreme example, try being gay in a country where that's illegal and/or will lead to death threats if known.

If you live in a country like that and you think BLACKMAIL is the problem, then I really can't help you. That's so dumb, I can't formulate a response.


How about a country where what you do in your free time can get you kicked out of your job, because some things are considered crimes although there's no victim?

Again, that's exactly what I'm asking. In the free market, every trade is win-win or no deal. No victims. One party may benefit more than the other but they both benefit or the trade doesn't happen. There is no "victim" in backmail. Actions have consequences and offering someone a choice as to which consequences they face is a simple business proposal. I'm guessing Bill Clinton would have preferred Linda Tripp make such a proposal. 

I guess this would apply to robbery at gun point as well.

https://www.youtube.com/watch?v=LR3uFfT-qtM
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