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Wow, second time in one day China bans Bitcoin!
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just woke up. I see china banned bitcoin today too
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How many times has China banned Bitcoin?  It's pretty clear by now that PBOC is manipulating the market.
Since when are minor price movements in either direction equal to market manipulation? You haven't noticed how PBOC actions tend to coincide with major technical levels? Everyone was waiting for 7500 to break. Same happened with the Christmas / New Years rally. What PBOC is doing is just the start. The real fun will start when other central banks join the party. Expect ECB to be the next one. Jus to be clear: I doubt what they're doing is part of a centrally decided policy. It's probably just the lower officials dealing with Bitcoin who found a way to make money off of it. |
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How many times has China banned Bitcoin? It's pretty clear by now that PBOC is manipulating the market.
Since when are minor price movements in either direction equal to market manipulation? You haven't noticed how PBOC actions tend to coincide with major technical levels? Everyone was waiting for 7500 to break. Same happened with the Christmas / New Years rally. |
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It's pretty clear by now that PBOC is manipulating the market.
Which means they trade BTC.
Which is good, I guess.
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China Bans Bitcoin..... AGAIN!!!!
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but why most miners refuse to use it? It is 3 months after SegWit released, but only 20% miners agree to switch in SegWit mode, what is wrong? What do they think?
A lot of the problems seem to stem from miscommunication and lack of communication between developers and miners. It seems that some miners have taken a grudge against the developers (all of them in general) for not consulting them when devising scaling solutions. I really appreciate this acknowledgement of the problem. I would still love to hear what, if anything, is being done to remedy the situation.
Also, as I see segwit as a stepping stone towards a solid second layer solution, and part of the resistance in the community against segwit is due to this fact, could someone please give me an insight into the changes in incentives we'll see with such a solution? I gather that tx's and fees will flow differently. Is there a clear view on how things like decentralization and fee structure will change? Also, are there some less known positives with such a solution? |
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Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.
Because the idea is to have an evolution of the existing system and not create an additional system. But surely, looking at the mining community, that's a recipe for failure. It's not a failure to keep a working system when there is no consensus (on how) to change that system. Well, that's very zen of you. The question will soon have to be : working as what? Already it's no good for micro tx's. Soon (if we're lucky) it won't be working in any meaningful way as digital cash. What's left then? Some will say it will be the perfect digital gold then. To me it sounds more like a distributed decentralized pyramid scheme. I hope your position isn't representative for the whole of core. I hope some in core see this as something more than an act of deep meditation. ehh even satoshi advised against bitcoin unlimited, bitcoin xt, bitcoin classic etc.. hardfork attempts here in the forum, he predicted the ETH/ETC incident and knew this can happen with bitcoin if someone is stupid enough to hard fork and have bitcoin divided into two chains. https://bitcointalk.org/index.php?topic=195.msg1611I'd hate to argue with Craig through a third party about this, but the "eth/etc incident" was just that. Eth still lives and thrives and another shitcoin was born. But I thought the whole point of doing segwit as a softfork was that this wouldn't happen even with a much lower threshold? |
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I think you are confused as to what is 'left wing' versus 'right wing'.
IF you use the scale of government control over the individual, and the sacrifice of individual rights 'for the good of the whole (collective)" then fascism and socialism are indeed on the same side as totalitarianism, as opposed to free market libertarians wanting as little government control as possible, thus gravitating toward anarchism, or no laws or government control. He is not confused. The right wing/left wing spectrum just takes some weird turns in certain parts of US society. People outside the US are used to a spectrum consisting of, from left to right: Communist/Anarchists (Dark Red), Social Democrats (Red), Social Liberals (Light Blue/Yellow/Green), Conservatives (Blue), Liberals (Dark Blue), Nationalist Conservatives (Light Brown), Fascists (Dark Brown)Please note that it is normal to make a clear distinction between mainstream right wing parties and the far right. In Europe and elsewhere politicians on the mainstream right will often warn about the danger to society the far right poses in the same way the left wing parties do. It's a fairly uncontroversial way of viewing the political spectrum. *With the advent of Anarcaps one could say that there is a right wing strand to Anarchism, but as it basically throws away the whole concept of government it really doesn't matter. *One movement you will find in many countries which is not included here is The Green Party. That's because it's basically a single issue party and their overall policy will vary wildly from socialists to liberals. There is a lot of revisionist history going on today. Hitler and Stalin were in fact allies,,, until Hitler betrayed him and invaded poland and headed toward Stalingrad and Moscow. In fact, the death camps were a Soviet design by some accounts. Stalin and the USSR was left of Hitler Germany, but both were far left of any free market, individual rights respecting democracy.
A non-agression pact is not the same as an alliance. Furthermore, the Nazi concentration camp system was based on the camps Imperial Germany had used in Namibia. |
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Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.
Because the idea is to have an evolution of the existing system and not create an additional system. But surely, looking at the mining community, that's a recipe for failure. It's not a failure to keep a working system when there is no consensus (on how) to change that system. Well, that's very zen of you. The question will soon have to be : working as what? Already it's no good for micro tx's. Soon (if we're lucky) it won't be working in any meaningful way as digital cash. What's left then? Some will say it will be the perfect digital gold then. To me it sounds more like a distributed decentralized pyramid scheme. I hope your position isn't representative for the whole of core. I hope some in core see this as something more than an act of deep meditation. |
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Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.
Because the idea is to have an evolution of the existing system and not create an additional system. But surely, looking at the mining community, that's a recipe for failure. I will ask again. Is there any substantial communication between core devs and the mining community to make progress more likely? Any progress? Or is it an "all or nothing" approach that's being pursued? |
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It looks likely LTC will incorporate seg witness first. That will be interesting indeed.
what would you like to see interesting? Except of speculation about exchange rates, there will be nothing "interesting" there. In my opinion, Litecoin's Segwit adoption could be indeed "interesting" for Bitcoin. If successful, it could show to Bitcoin miners that the soft fork is not so risky or "complicated" than some of them may fear. Also, as I understand there are miner groups involved in LTC and BTC mining that could try Segwit first with LTC where they hold less stake and then in case of success enable it in BTC too. For this reasons, I expect Segwit adoption among Bitcoin miners (and probably also among normal nodes) to go up in case the LTC softfork happens without problems. It may not be enough to reach 95% inmediately but it could help pave the way to there. This a really interesting line of thought and I hope it has some truth to it. I would be more comfortable if this was clearly communicated between devs and the miners. And, if so, I see no reason not to communicate it to the community at large. Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before. |
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I'll assume your misspelling of "about" was a typo. It makes you sound like an American hillbilly though. They seem to think that if you don't pronounce "about" as "a-bay-owt" that you're talking about footwear.  LOL I could never understand why they seem to fixate on "about" and not on other "-out" words. They never talk about us going "oot" far a walk, having a summer "droot" or enjoying a nice cold Guinness "stoot". Isn't that the Scottish pronunciation?    Heh... I finally made Jiimbo crack |
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I only remember your diesel generator in the woods stories. You don't talk too much aboot your daily life in Toronto.
I have dual citizenship: country slicker and city bumpkin. That's one of the reasons for my higher than average security measures. People know I'm often away for days or weeks at a time. I'll assume your misspelling of "about" was a typo. It makes you sound like an American hillbilly though. They seem to think that if you don't pronounce "about" as "a-bay-owt" that you're talking about footwear. When in Rome |
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I see Jimbo is still spreading his log-cabin-in-the-woods-of-canada wisdom
LOL. Log cabin in the woods? Actually I'm in a concrete, steel and Lexan MR-10 bunker downtown in a metropolis of over 6 million people. Good fences make good neighbors. (Edit: OMG, I"m starting to sound like Drumpf.) I only remember your diesel generator in the woods stories. You don't talk too much aboot your daily life in Toronto. |
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bitpop, becoin... what are you guys doing with your lives? relentlessly trolling a thread not even followed by the thread starter any more? to quote the new looney tunes potus: sad.
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Wow, that recovered fast!! I have no idea what's going to happen next - are we headed up or down?  flat for a couple of weeks, then down, then flat, then gradually faster up beyond ath and never looking back Btw, are there any of my wo-peeps left here? I see Jimbo is still spreading his log-cabin-in-the-woods-of-canada wisdom |
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