Peter R's central thesis is that there is no need for a block size limit. He has shown that the mining dynamics will lead to a natural, free-market limit.
Of course, the butters that are working for blocking the butt stream are not happy with this, as their business plan of selling services to gambling websites requires that the butts move slowly. So they have rejected his paper.
It's intellectually bankrupt. Whoever is behind that decision ought to be ashamed of themselves.https://www.reddit.com/r/Buttcoin/comments/3tb7z4/peter_rs_paper_on_his_bitcoin_unlimited_proposal/ ... and the XTbuttheads have finally found their natural home, r/buttcoin, it was just a matter of time. |
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... You better hope there are enough people like me left.
I do, I do! With all the mud people getting them fancy degrees and wantin' high-payin' jobs, who else is gonna be left to dig my ditches and run that fryer at Mc. D's? don't worry your empty little head about it, the robots are coming to take all the jobs ... techno unemployment so you and the mud people can kick back and watch porn all day. |
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What is considered off-topic in this squalid thread?
bitcoin bear-trolling ... go away already. |
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I entirely agree.  I would support BIP100, BIP102, BIP103 or maybe even BIP106 when implemented as a compromise instead of BIP101 in the interests of reaching consensus, regardless of who does the implementation. chalk you up as just another small blockist then |
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moving up, ready to resume bull run after first wave breakout consolidation?
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...
this is some seriously muddled thinking ... first you are claiming that the market is totally rigged (I somewhat agree with you) and then you claim that some kind of TA will be effective in predicting future prices.
If the market is rigged TA is useless, except perhaps for the market riggers, who can paint whatever pretty picture they want with the price moves, including dragging TA-'sensitive' bots up, down and sideways, like bulls being led by a nose-ring ... in which case it is more rigged than you imagine.
Shh... If not for the likes of Mat, we'd all have to find real jobs. This weepy egalitarian obsession with educating the masses... we all have to find real jobs one day, parasite. Not so weepy egalitarian as you might think, educating the masses of lolcow bankster drones in "blockchain technologies" is quite lucrative, let me tell you. In fact, it is a hoot delivering to them the payload message that their free lunch is ending ... and getting paid for it! |
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Interesting how the similar spike 2 days ago did squat to the price, whereas this one raised our baseline about 2 points. It's almost like someone is deliberately measuring the impulse response.
Deliberate market moulding, and this someone could ramp the market anytime he wanted, and he will do....when he wants, but that might not be until after he has plunged it some more. on the 4hr charts on the CNY exchanges, Kraken, and Finex (Stamp needs to be ignored due to whale inspired excesses), I see a rising triangle forming. Would be totally orthodox market behaviour to see a retest of the lower trend line of this triangle before the break out...or break down, should that prove to be Messrs Whale & Son's desire. this is some seriously muddled thinking ... first you are claiming that the market is totally rigged (I somewhat agree with you) and then you claim that some kind of TA will be effective in predicting future prices. If the market is rigged TA is useless, except perhaps for the market riggers, who can paint whatever pretty picture they want with the price moves, including dragging TA-'sensitive' bots up, down and sideways, like bulls being led by a nose-ring ... in which case it is more rigged than you imagine. |
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caution: short flash-bomb testing, expect violent explosions any time.
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Do you think terrorists are more of bitfenix or bearstamp? Would they use leveraging? It would be comic if it wouln't be dramatic... terrists hanging out on bearstamps waiting for the halvening no doubts ... |
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Just have a look at this  HAHAHA https://archive.is/gqHB8They managed to be simultaneously delusional and desperate in the same post. Another eXTreme achievement.  Oh, and Poe's Law is hitting even among their ranks. Can't tell satire any more. I can understand that feeling just fine, mind. this is seriously funny, but off-the-reservation-batshite-crazy at the same time ... worse yet it provoked me into looking at r.bitcoinxt for the first time and my eye-balls feel dirty now  ... glorifying dear leader benny diktator hearn with his picture on top is more than a little creepy, just sayin guys. So now I'm thinking, let the max_block_size float up to any unlimited size. But have a limit on how fast it can rise that makes practical sense, a rate limiter of some sort so it can grow as fast the network grows but not so fast that an attacker could game it over the medium/short term to force smaller users off the network with unrealistic hardware upgrade requirements. Ultimately though have an infinite limit to max block size in the long term, as Mike Hearn says. marcus_of_augustus - April 10, 2013, 07:56:02 AM https://bitcointalk.org/index.php?topic=157141.msg1791022#msg1791022That was from 10 April 2013. I wouldn't change much in that quote with new information since then, (you left out much that still has relevance, especially the concluding sentence, in your haste to spin your twisted angle in italicised bolded glory). The biggest new information since then is how Gavin and Mike chose to wantonly split the community in a blatant political power grab with all their "meta" governance BS, which is just cover for their deficient technical skills ... at that point all bets were off and any hope for an amicable technical consensus based on "best effort engineering" for such a multi-variate problem. They reap what they sow and you bunch are fools for following and championing such meglomaniacal incompetents, that's all I need to know for now. Please, I do not expect a reply from you. Your words are basically worthless, repetitive garbage, my reply was for the interested reader. |
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Just have a look at this HAHAHA https://archive.is/gqHB8They managed to be simultaneously delusional and desperate in the same post. Another eXTreme achievement. Oh, and Poe's Law is hitting even among their ranks. Can't tell satire any more. I can understand that feeling just fine, mind. this is seriously funny, but off-the-reservation-batshite-crazy at the same time ... worse yet it provoked me into looking at r.bitcoinxt for the first time and my eye-balls feel dirty now ... glorifying dear leader benny diktator hearn with his picture on top is more than a little creepy, just sayin guys. |
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Besides, the FED is leveraged like 80-1. Where´s the tipping point? 100-1? 200-1? They can´t do any QE.
And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And there´s lots of that not least on the FED´s books after the last debacle and bailouts.
it's actually mark-to-model ... which is code phrase for "fantasy valuations", it's the only thing keeping the system solvent and people out of jail for criminally continuing to operate trading banks known to be insolvent. Yeah, I was thinking of mark to model. Thanks and sorry about that. no need to apologise ... it's good to know someone else is paying attention |
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Today Gavin pretty much admitted that he's down to end fungibility and enable law enforcement on Bitcoin because "think of the baddies": https://archive.is/4jL7n#selection-13347.0-13407.316[–]gavinandresen 0 points 1 hour ago
So...
Imagine we live in Voluntopia. There are no governments, everybody is free to interact, to put whatever they like into their bodies, etc.
There would still be law enforcement, of course, it would just be private law enforcement instead of government law enforcement.
If we lived in such a world, would it be OK to talk with law enforcement about how criminals use Bitcoin or the block chain to defraud or extort people?
I'm pragmatic; I want to see Bitcoin succeed, and I want to help law enforcement catch people who are harming other people. Yes, I know government law enforcement does a lot of OTHER things that have nothing to do with bad people hurting good people; I hope that changes one day.
Reasonable people can disagree about whether it is better long-term strategy to engage with people you disagree with or disengage. Maybe if I'd studied history or politics instead of computer science I'd believe disengagement was the best strategy; maybe somebody who HAS studied history or politics can chime in.... gavin has been #rekt on this issue for as long as I can remember. I stumped him with the question when I first raised the link between fungibility and digital traceability, on this forum, to which he still hasn't responded ... https://bitcointalk.org/index.php?topic=7945.msg121108#msg121108 |
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Besides, the FED is leveraged like 80-1. Where´s the tipping point? 100-1? 200-1? They can´t do any QE.
And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And there´s lots of that not least on the FED´s books after the last debacle and bailouts.
it's actually mark-to-model ... which is code phrase for "fantasy valuations", it's the only thing keeping the system solvent and people out of jail for criminally continuing to operate trading banks known to be insolvent. |
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I think the market is full of Wanna be Manipulators quietly accumulating and trying all kinds of tricks to keep price in check as they do it.
they could feel their control slipping away so they ran the price up a level so they could stay in control.
yep, they are retreating to higher levels, after OTC demand came onto the exchanges ... at some point the successive retreats will become a rout. |
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@ "have the most to fear" We banksters have more wealth than you could shake a stick at, visiting our humungous fortunes upon our children, and upon the children's children, unto the third and to the fourth generation. While you gamble away what little you make except bankster fiat "wealth" has no backing of value, but only debts, small but important detail, pauper. |
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...
go long or go home.
"Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost. Most gamblers never even come close to breaking even." @Hyperjacked: you too. god delivers an endless stream of these lolcows for milking ... it's like mana from heaven. You may find more fertile pasture for your anti-gambling evangelism on the trading floors of Wall St. banks and quant. offices of London City hedge funds who collectively lost over $100 trilion in derivative bets circa 2007-08 and trashed the global economy in the process, from which it still hasn't recovered. The losing bets and associated gambling has merely been moved onto Central Bank balance sheets, you should definitely wage a campaign to reform gambling addiction in bankster town. |
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