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341  Bitcoin / Press / Re: [2017-03-25]Why The Bitcoin Miners Are Destined To Lose The Hard Fork Wars on: March 27, 2017, 01:53:48 PM
They want to keep raising the price to send by BTC when an alternative is way cheaper then what they can do.
ETH to send is $0.02 Cheesy
So why they can ask for more when it can be done better at a cheaper rate is just beyond me to understand. Undecided
It is faster too I might infer to suggest you use this method of transit of your crypto sends instead of over fatted
BTC miners has become. Angry

If you are equating the network security of a fledgling compute-coin with a massive attack surface to Bitcoin, which has been operating with significant uptime for years - I think you're sadly mistaken.

Using the current core client with its proper fee estimation code - there's no reason to juggle alt-coin alternatives to "save" time or money. Just pay the fee, it isn't such a big deal, lol.
342  Bitcoin / Press / Re: [2017-03-22] China Cartel Shakedown - BU vs BTC on: March 27, 2017, 01:51:32 PM
Still no response from Ver on this bet.
https://bitcointalk.org/index.php?topic=1836672.0;all

its very telling BTCU is one big joke ,i ceap way to con people in to something.
Its pain full for people who believed in "bitcoin jezus" and have to find out that he is not more then a
scam.


I think he'll either hope it goes away, or just moves the "goalposts" so the bet isn't valid anymore. There's considerable doubt forming that he has the funds to pay anyway.
343  Bitcoin / Press / Re: [2017-03-25]BitPay Won’t Use Bitcoin Alternatives For Payment Systems Despite Sc on: March 26, 2017, 03:46:35 PM
Anyone claiming that sovereign states and banks are immutable and will exist forever without competition are simply deluded.

Bitcoin and its future evolution will no doubt change the financial landscape, and has already. Thinking that a bank will be the only way people transact globally is short-sighted at best, and obtuse at worst. Given the colossal amounts of debt sloshing around global financial systems, there is a very real risk of systemic default and its cousins (devaluation into hyperinflation) due to the continued belief that "faith and credit" in the system is enough to prop up Trillions in debts.

Its been speculated that Japan may be the first to fall, after all they've been printing money like mad since the 90's and their inverted demographics of increasingly older people supported by very few young workers will eventually take its toll. However, China may be the surprise that catches everyone unaware. Their GDP numbers have been admitted to be false, and other metrics of "just fine" growth could be just as imaginary.

Couple that with the impending destruction of the Euro, and you have a global financial crunch that will make anything else look like a fucking picnic.

So again, you don't have to be a "noob" (what is this, a video game chatroom?) to think that banks will get replaced, or governments will fall -- they're doing a bang-up job screwing themselves without Bitcoin's help.
344  Bitcoin / Press / Re: [2017-03-25]Why The Bitcoin Miners Are Destined To Lose The Hard Fork Wars on: March 26, 2017, 03:39:42 PM
I highly doubt now that there will be a fork.

But people are correct that you need to have ownership of your private keys on devices you control to be safe. The worst place to "store" bitcoin would be exchanges.

This latest push will go the same way "Classic" and "XT" did, which was nowhere....
345  Bitcoin / Press / Re: [2017-03-25]Why The Bitcoin Miners Are Destined To Lose The Hard Fork Wars on: March 25, 2017, 04:32:33 PM
A better read of BU's incompetence and timeline of idiotic behavior:

https://www.reddit.com/r/Bitcoin/comments/61bkqe/the_astounding_incompetence_negligence_and/

This is all you need to know about Ver and the rest of these fools.
346  Bitcoin / Press / Re: [2017-03-24]Bitcoin Unlimited Nodes Recover After Second Bug Exploit on: March 25, 2017, 04:30:50 PM

They are just going to become stronger and stronger with the $350 000+ Bitcoin fees they are pocketing every day. The miners have no incentive

to do anything... they want bigger block sizes, but till then they can pocket extra high fees because of this problem. Why would you want to

apply a fix that would take away your extra high fees forever? They know the BU "path" is only a temporary fix and can quickly be exploited by

spam attacks.... then they can milk the extra income from high fees again.  Angry

They are incompetent -- here's an excellent summary you should read, so you are more informed of the "big picture".

https://www.reddit.com/r/Bitcoin/comments/61bkqe/the_astounding_incompetence_negligence_and/
347  Bitcoin / Press / Re: [2017-03-22] China Cartel Shakedown - BU vs BTC on: March 25, 2017, 04:28:44 PM
Here's an excellent timeline and summary of the people involved in the BU vs BTC showdown - highly recommended you read this, so I'm x-posting here.

https://www.reddit.com/r/Bitcoin/comments/61bkqe/the_astounding_incompetence_negligence_and/

User: sound8bitsredditor

On August 26, 2016 someone noticed that their Classic node had been forked off of the "Big Blocks Testnet" that Bitcoin Classic and Bitcoin Unlimited were running. Neither implementation was testing their consensus code on any other testnets; this was effectively the only testnet being used to test either codebase. The issue was due to a block on the testnet that was mined on July 30, almost a full month prior to anyone noticing the fork at all, which was in violation of the BIP109 specification that Classic miners were purportedly adhering to at the time. Gregory Maxwell observed:

    That was a month ago, but it's only being noticed now. I guess this is demonstrating that you are releasing Bitcoin Classic without much testing and that almost no one else is either? :-/

    The transaction in question doesn't look at all unusual, other than being large. It was, incidentally, mined by pool.bitcoin.com, which was signaling support for BIP109 in the same block it mined that BIP 109 violating transaction.

Later that day, Maxwell asked Roger Ver to clarify whether he was actually running Bitcoin Classic on the bitcoin.com mining pool, who dodged the question and responded with a vacuous reply that attempted to inexplicably change the subject to "censorship" instead.

Andrew Stone (the lead developer of Bitcoin Unlimited) voiced confusion about BIP109 and how Bitcoin Unlimited violated the specification for it (while falsely signaling support for it). He later argued that Bitcoin Unlimited didn't need to bother adhering to specifications that it signaled support for, and that doing so would violate the philosophy of the implementation. Peter Rizun shared this view. Neither developer was able to answer Maxwell's direct question about the violation of BIP109 §4/5, which had resulted in the consensus divergence (fork).

Despite Maxwell having provided a direct link to the transaction violating BIP109 that caused the chain split, and explaining in detail what the results of this were, later Andrew Stone said:

    I haven't even bothered to find out the exact cause. We have had BUIP016 passed to adhere to strict BIP109 compatibility (at least in what we generate) by merging Classic code, but BIP109 is DOA -- so no-one bothered to do it.

    I think that the only value to be had from this episode is to realise that consensus rules should be kept to an absolute, money-function-protecting minimum. If this was on mainnet, I'll be the Classic users would be unhappy to be forked onto a minority branch because of some arbitrary limit that is yet another thing would have needed to be fought over as machine performance improves but the limit stays the same.

Incredibly, when a confused user expressed disbelief regarding the fork, Andrew Stone responded:

    Really? There was no classic fork? As i said i didnt bother to investigate. Can you give me a link to more info? Its important to combat this fud.

Of course, the proof of the fork (and the BIP109-violating block/transaction) had already been provided to Stone by Maxwell. Andrew Stone was willing to believe that the entire fork was imaginary, in the face of verifiable proof of the incident. He admits that he didn't investigate the subject at all, even though that was the only testnet that Unlimited could have possibly been performing any meaningful tests on at the time, and even though this fork forced Classic to abandon BIP109 entirely, leaving it vulnerable to the types of attacks that Gavin Andresen described in his Guided Tour of the 2mb Fork:

    “Accurate sigop/sighash accounting and limits” is important, because without it, increasing the block size limit might be dangerous... It is set to 1.3 gigabytes, which is big enough so none of the blocks currently in the block chain would hit it, but small enough to make it impossible to create poison blocks that take minutes to validate.

As a result of this fork (which Stone was clueless enough to doubt had even happened), Bitcoin Classic and Bitcoin Unlimited were both left vulnerable to such attacks. Fascinatingly, this fact did not seem to bother the developers of Bitcoin Unlimited at all.

On November 17, 2016 Andrew Stone decided to post an article titled A Short Tour of Bitcoin Core wherein he claimed:

    Bitcoin Unlimited is building the highest quality, most stable, Bitcoin client available. We have a strong commitment to quality and testing as you will see in the rest of this document.

The irony of this claim should soon become very apparent.

In the rest of the article, Stone wrote with venomous and overtly hostile rhetoric:

    As we mine the garbage in the Bitcoin Core code together... I want you to realise that these issues are systemic to Core

He went on to describe what he believed to be multiple bugs that had gone unnoticed by the Core developers, and concluded his article with the following paragraph:

    I hope when reading these issues, you will realise that the Bitcoin Unlimited team might actually be the most careful committers and testers, with a very broad and dedicated test infrastructure. And I hope that you will see these Bitcoin Core commits— bugs that are not tricky and esoteric, but simple issues that well known to average software engineers —and commits of “Very Ugly Hack” code that do not reflect the care required for an important financial network. I hope that you will realise that, contrary to statements from Adam Back and others, the Core team does not have unique skills and abilities that qualify them to administer this network.

As soon as the article was published, it was immediately and thoroughly debunked. The "bugs" didn't exist in the current Core codebase; some were results of how Andrew had "mucked with wallet code enough to break" it, and "many of issues were actually caused by changes they made to code they didn't understand", or had been fixed years ago in Core, and thus only affected obsolete clients (ironically including Bitcoin Unlimited itself).

As Gregory Maxwell said:

    Perhaps the biggest and most concerning danger here isn't that they don't know what they're doing-- but that they don't know what they don't know... to the point where this is their best attempt at criticism.

Amusingly enough, in the "Let's Lose Some Money" section of the article, Stone disparages an unnamed developer for leaving poor comments in a portion of the code, unwittingly making fun of Satoshi himself in the process.

To summarize: Stone set out to criticize the Core developer team, and in the process revealed that he did not understand the codebase he was working on, had in fact personally introduced the majority of the bugs that he was criticizing, and was actually completely unable to identify any bugs that existed in current versions Core. Worst of all, even after receiving feedback on his article, he did not appear to comprehend (much less appreciate) any of these facts.

On January 27, 2017, Bitcoin Unlimited excitedly released v1.0 of their software, announcing:

    The third official BU client release reflects our opinion that Bitcoin full-node software has reached a milestone of functionality, stability and scalability. Hence, completion of the alpha/beta phase throughout 2009-16 can be marked in our release version.

A mere 2 days later, on January 29, their code accidentally attempted to hard-fork the network. Despite there being a very clear and straightforward comment in Bitcoin Core explaining the space reservation for coinbase transactions in the code, Bitcoin Unlimited obliviously merged a bug into their client which resulted in an invalid block (23 bytes larger than 1MB) being mined by Roger Ver's Bitcoin.com mining pool on January 29, 2017, costing the pool a minimum of 13.2 bitcoins. A large portion of Bitcoin Unlimited nodes and miners (which naively accepted this block as valid) were temporarily banned from the network as a result, as well.

The code change in question revealed that the Bitcoin Unlimited developers were not only "commenting out and replacing code without understanding what it's for" as well as bypassing multiple safety-checks that should have prevented such issues from occurring, but that they were not performing any peer review or testing whatsoever of many of the code changes they were making. This particular bug was pushed directly to the master branch of Bitcoin Unlimited (by Andrew Stone), without any associated pull requests to handle the merge or any reviewers involved to double-check the update. This once again exposed the unprofessionalism and negligence of the development team and process of Bitcoin Unlimited, and in this case, irrefutably had a negative effect in the real world by costing Bitcoin.com thousands of dollars worth of coins.

In effect, this was the first public mainnet fork attempt by Bitcoin Unlimited. Unsurprisingly, the attempt failed, costing the would-be forkers real bitcoins as a result. It is possible that the costs of this bug are much larger than the lost rewards and fees from this block alone, as other Bitcoin Unlimited miners may have been expending hash power in the effort to mine slightly-oversized (invalid) blocks prior to this incident, inadvertently wasting resources in the doomed pursuit of invalid coins.

On March 14, 2017, a remote exploit vulnerability discovered in Bitcoin Unlimited crashed 75% of the BU nodes on the network in a matter of minutes.

In order to downplay the incident, Andrew Stone rapidly published an article which attempted to imply that the remote-exploit bug also affected Core nodes by claiming that:

    approximately 5% of the “Satoshi” Bitcoin clients (Core, Unlimited, XT) temporarily dropped off of the network

In DumbIt comments, he lied even more explicitly, describing it as "a bug whose effects you can see as approximate 5% drop in Core node counts" as well as a "network-wide Bitcoin client failure". He went so far as to claim:

    the Bitcoin Unlimited team found the issue, identified it as an attack and fixed the problem before the Core team chose to ignore it

The vulnerability in question was in thinblock.cpp, which has never been part of Bitcoin Core; in other words, this vulnerability only affected Bitcoin Classic and Bitcoin Unlimited nodes.

In the same Medium article, Andrew Stone appears to have doctored images to further deceive readers. In the DumbIt thread discussing this deception, Andrew Stone denied that he had maliciously edited the images in question, but when questioned in-depth on the subject, he resorted to citing his own doctored images as sources and refused to respond to further requests for clarification or replication steps.

Beyond that, the same incident report (and images) conspicuously omitted the fact that the alleged "5% drop" on the screenshotted (and photoshopped) node-graph was actually due to the node crawler having been rebooted, rather than any problems with Core nodes. This fact was plainly displayed on the 21 website that the graph originated from, but no mention of it was made in Stone's article or report, even after he was made aware of it and asked to revise or retract his deceptive statements.

There were actually 3 (fundamentally identical) Xthin-assert exploits that Unlimited developers unwittingly publicized during this episode, which caused problems for Bitcoin Classic, which was also vulnerable.

On top of all of the above, the vulnerable code in question had gone unnoticed for 10 months, and despite the Unlimited developers (including Andrew Stone) claiming to have (eventually) discovered the bug themselves, it later came out that this was another lie; an external security researcher had actually discovered it and disclosed it privately to them. This researcher provided the following quotes regarding Bitcoin Unlimited:

    I am quite beside myself at how a project that aims to power a $20 billion network can make beginner’s mistakes like this.

    I am rather dismayed at the poor level of code quality in Bitcoin Unlimited and I suspect there [is] a raft of other issues

    The problem is, the bugs are so glaringly obvious that when fixing it, it will be easy to notice for anyone watching their development process,

    it doesn’t help if the software project is not discreet about fixing critical issues like this.

    In this case, the vulnerabilities are so glaringly obvious, it is clear no one has audited their code because these stick out like a sore thumb

In what appeared to be a desperate attempt to distract from the fundamental ineptitude that this vulnerability exposed, Bitcoin Unlimited supporters (including Andrew Stone himself) attempted to change the focus to a tweet that Peter Todd made about the vulnerability, blaming him for exposing it and prompting attackers to exploit it... but other Unlimited developers revealed that the attacks had actually begun well before Todd had tweeted about the vulnerability. This was pointed out many times, even by Todd himself, but Stone ignored these facts a week later, and shamelessly lied about the timeline in a propagandistic effort at distraction and misdirection.
348  Bitcoin / Press / Re: [2017-03-24]Bitcoin Unlimited Nodes Recover After Second Bug Exploit on: March 24, 2017, 04:34:55 PM
BU is incompetent.

Also, it was down to less than 300 nodes during the failure. The majority came back up after their main Virtual Private Servers were rebooted. If you think that BU's clients are organically spread out over many users - you are mistaken. They're mostly clustered on VPS providers and cloud computing hosts. That's how you manufacture consensus, after all, if you're Roger Ver and Jihan Wu.

Its also telling that the mempool spamming ceased when there were more pressing problems for BU to work on. Oh I know - its a pure coincidence, right? Riiiiiiiiiiiight.

Barely Up is going to fail, its just the manner of its failure and when that haven't been determined yet.
349  Bitcoin / Press / Re: [2017-03-24] Bitcoin's value is set to soar - here are three predictions for the on: March 24, 2017, 04:32:05 PM
I see BU - Barely Up - as a possible attempt for a China-sponsored land grab. If you control the ASIC production in China, you control those that depend on that hardware. Wouldn't surprise me in the least if the PBoC was trying to plug the last hole in their capital controls.

I doubt BU will do anything but fail spectacularly, so it should be fun watching warehouses of miners turn into hot-air popcorn machines. Maybe Jihan Wu can be the Chinese Orville Redenbacher? LOL.
350  Bitcoin / Press / Re: [2017-03-22] China Cartel Shakedown - BU vs BTC on: March 24, 2017, 04:28:36 PM
Ver will probably move the goalposts if it becomes clear his bet is unwinnable. Just his style. Surprised he hasn't already, after the latest node outage. Barely Up is the new name for BU apparently.

What is very telling about all this is Ver won't sign a message showing explicit ownership of any coins at all. Makes you wonder if he has any Bitcoin left to bet in the first place....
351  Bitcoin / Press / Re: [2017-03-22] China Cartel Shakedown - BU vs BTC on: March 23, 2017, 01:34:59 PM
Quote
"they’re moving away from open source code for their fixes"

For anyone who cares about Bitcoin (and OSS in general), this should be enough to write off BU completely. 

If we wanted a centralized, closed-source system, we'd be using banks.


It gets worse. They are claiming not to violate LGPL, that source will be available later - in the case of this "hotfix" the source was leaked by someone in a very incompetent manner. However, given the lack of competence, I think it will just be a matter of time before they violate this again. Its obvious adherence to open source is not their primary concern.
352  Bitcoin / Press / [2017-03-22] China Cartel Shakedown - BU vs BTC on: March 22, 2017, 11:39:19 PM
https://medium.com/@tradertimm/china-cartel-shakedown-bu-vs-btc-482973935e06#

Quote
My how have times changed. Used to be, the worst thing that Bitcoin had to deal with were scammers and crooks infesting the ecosystem and giving the network a bad name. Now, we have potentially state-sponsored actors that are fighting to wrest control from the veteran Bitcoin developers and clients.

Quick writeup about the Chinese Cartels and their shakedown of Bitcoin.
353  Bitcoin / Press / Re: [2017-03-22]Bitcoin Scaling: Voorhees Says Algo Change “Absurd” And “Reckless” on: March 22, 2017, 04:12:15 PM
I find this entertaining coming from a guy that ran a business that bloated the original blockchain by 100%. Of course then, it was just a "business" even though he was treating it like a personal hard drive.

Now, we see that he's on the miner cartel side, which makes one wonder what kind of investments Voorhees has been making -- perhaps some Chinese ASICs? Oh heavens no, what am I thinking?

If Voorhees thinks defending the Bitcoin ecosystem from attack using a Proof-of-Work algo change is wrong, then I don't think he's on the right side of history. Big surprise....
354  Bitcoin / Press / Re: [2017-03-21] Bitcoin sidechain with a bigger block size limit may soon be a real on: March 22, 2017, 04:06:31 PM
Reposting this here since it clarifies things a bit - user 537311 from Reddit:

Quote
On one side, you have a group of people (over a hundred) of top minds in crypto development who are loosely called "core" who have been working on bitcoin for a long time. They are lead by company called blockstream which employees some of the top core developers so they can work on bitcoin full-time. Who is in charge of blockstream? Non other than Adam Back, one of the only people who was sited on the bitcoin white-paper by satoshi , and one of the original cypherpunks who have been working on decentralized digital money since the early 90s. who is on the other side? A small group of "developers" who have forked an old version of bitcoin core, and made some modifications to it, (not fully understanding the full code) hence the bugs, and they are lead by a man name Roger Ver who is a known con-man. A man who said MT Gox was solvent days before it tanked , who got involved in bitcoin early on for some reason or other, and became filthy rich and now is working with one of the biggest mining equipment manufacturers, Jihan Wu to block the adoption of SegWit, and upgrade that core has been working on for around 2 years, that will not only fix the transaction malleability bug, but it also opens the door for a slew of new applications. Why you ask? less fees for miners.. duh! Off chain transactions means less transactions settled on the blockchain means less money for them. Another notable character on this side is Gavin Andrseren, who again got involved early on and was working with Satoshi, and the day he told satoshi he is going to talk to "have a little chat with the CIA" was the day Satoshi stopped talking to everyone. Gee... I wonder which side i should support.

Standby and we'll see what we have to do. Brilliant minds are thinking of counter measures I'm positive. Keep informed.

Possible Fork Scenario:

Quote
so, lets say they fork and they take 80% of the miners (hashing power). That means 20% will be left for the smaller chain. Bitcoin adjusts the difficulty of the "math problem" every two weeks (roughly) and knowing these guys, since they are weapons grade cunts, they will fork the first day of the 2 week difficulty change. This means the chain with 20% (probably BTC) will slow to a halt since the math problem is way too hard, and 20% of the miners are going to have a hard time finding blocks. Which means, the two weeks becomes way way longer which forces Bitcoin (BTC) to change Proof-of-work. That means you can start mining on your computer again! Cheesy. Are you not entertained?
355  Bitcoin / Press / Re: [2017-03-22] Fire the Miners? Radical Ideas Emerge as Bitcoin Fork Talk Escalate on: March 22, 2017, 04:02:44 PM
User 537311 from DumbIt put it succinctly:

Bitcoin "Unlimited" vs Bitcoin:

Quote
On one side, you have a group of people (over a hundred) of top minds in crypto development who are loosely called "core" who have been working on bitcoin for a long time. They are lead by company called blockstream which employees some of the top core developers so they can work on bitcoin full-time. Who is in charge of blockstream? Non other than Adam Back, one of the only people who was sited on the bitcoin white-paper by satoshi , and one of the original cypherpunks who have been working on decentralized digital money since the early 90s.

who is on the other side? A small group of "developers" who have forked an old version of bitcoin core, and made some modifications to it, (not fully understanding the full code) hence the bugs, and they are lead by a man name Roger Ver who is a known con-man. A man who said MT Gox was solvent days before it tanked , who got involved in bitcoin early on for some reason or other, and became filthy rich and now is working with one of the biggest mining equipment manufacturers, Jihan Wu to block the adoption of SegWit, and upgrade that core has been working on for around 2 years, that will not only fix the transaction malleability bug, but it also opens the door for a slew of new applications.

Why you ask? less fees for miners.. duh! Off chain transactions means less transactions settled on the blockchain means less money for them. Another notable character on this side is Gavin Andrseren, who again got involved early on and was working with Satoshi, and the day he told satoshi he is going to talk to "have a little chat with the CIA" was the day Satoshi stopped talking to everyone. Gee... I wonder which side i should support.

Standby and we'll see what we have to do. Brilliant minds are thinking of counter measures I'm positive. Keep informed.

Possible Fork Scenario:

Quote
so, lets say they fork and they take 80% of the miners (hashing power). That means 20% will be left for the smaller chain. Bitcoin adjusts the difficulty of the "math problem" every two weeks (roughly) and knowing these guys, since they are weapons grade cunts, they will fork the first day of the 2 week difficulty change. This means the chain with 20% (probably BTC) will slow to a halt since the math problem is way too hard, and 20% of the miners are going to have a hard time finding blocks. Which means, the two weeks becomes way way longer which forces Bitcoin (BTC) to change Proof-of-work. That means you can start mining on your computer again! Cheesy. Are you not entertained?

I think that pretty much sums it up....
356  Bitcoin / Press / Re: [2017-03-22] Press Release: BITLICENSE LAWSUIT: JUDGE DECLINING TO DISMISS on: March 22, 2017, 03:59:14 PM
Sadly having seen US Justice up close, I'm not holding my breath.

Its slightly encouraging, but the judge could just fold and side on the Lawsky camp anyway.
357  Bitcoin / Press / Re: [2017-03-21] Chandler Guo’s Mining Pool Makes the Jump to Bitcoin Unlimited on: March 21, 2017, 05:25:48 PM
Bitcoin Core has no chance. All the big Bitcoin Chinamen are colluding together to kick them out.

They'll be cursing their $500 paperweights when the PoW fork kicks them out instead Wink


It's time. We must fork Bitcoin to a new PoW algo to preserve it.

That's about it. They're colluding to push an agenda. They might not like the result - warehouses full of air-heaters. Maybe they could switch over to making hot-air popped popcorn? LOL.

I've never seen so much greed in my 'effin life coming out of China. Its like they'd sell their own grandma to get $100 bucks now, versus taking care of her and inheriting millions from her estate.
358  Bitcoin / Press / Re: [19-03-17] Explained: how Bitcoin Unlimited leads to more centralization on: March 20, 2017, 02:04:57 PM
Listen, Chicken Little, if you have 5% of the hash rate, your attempt to "split the network" will go nowhere. The Bitcoin.com pool has around that much of the hash rate, and their accidental 1 MB+ block had no effect on the network at all.

Also, if a large enough portion of the hash rate increases the max block size, the rest of the miners won't be left behind, they will jump on board.

You make it sound like miners have to choose between Core or BU, but they don't. They can use whatever software they want. They can change the rules whenever they want. They don't need the Core priesthood to bless their changes.

Finally, miners already have full control. They have the ultimate say. That is how Bitcoin works. That is how it is structured. They do the proof-of-work. They decide what is valid and what is not valid. Of course, the other full nodes have some leverage, and users have some economic influence. But in the end, whether you like it or not, miners decide.

Their influence may be reduced, however. By putting it to the acid test they are incentivizing developers to look for ways to balance their "power". One potential nuclear deterrent is the threat of a Proof-of-Work change. While the effects would be disruptive, it would effectively negate any bullying potential. I hope it doesn't come to that, but when you have Bitcoin Unlimited tantrums with people saying they'll sue others - it pretty much tells you what you need to know.

There is an agenda being stuffed down the clients throats by "jihad" Wu, and it isn't one that they necessarily agree with, given the fact that most clients are using 0.13 - 0.14, which is an implicit backing of Segwit/Lightning.

Its sad, but I suppose we had to get to this point and have some clueless asshole push and push until we see their threats countered by effective changes to the system.
359  Bitcoin / Press / Re: [2017-03-17] Nearly $2 billion has been wiped off bitcoin’s value in three days on: March 19, 2017, 02:50:50 PM
Markets fluctuate. Who knew?

Old timers know swings like these, while not as frequent nowadays, are not atypical in Bitcoin's history.

I'd also point to other "capitulation" moments that ended up signaling the start of large rallies -- like the Silk Road seizure, Pirateat40, etc... We've been here before, folks...

360  Bitcoin / Press / Re: [2016-01-07] A Simple, Adaptive Block Size Limit on: March 19, 2017, 02:48:18 PM
Carlton is correct.

What is possible to be "gamed" or exploited will be. The risk is too great to accept any proposal that is blindly fumbling in the dark with incremental "improvements". The Bitcoin ecosystem is a living, breathing thing that can't be operated on open-heart surgery style at a whim. Any changes must be thoroughly examined and vetted. It isn't a time for loosey-goosey "what if" scenarios where the failure mode is Bitcoin in general suffering.

This is why Core is important, and their combined expertise brought to bear on problems that are complex and intertwined with the health of the ecosystem. If you want to play cowboy, go with the BU-Forkers and risk all of your holdings -- I know I won't, given their miserable track record.

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