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June 17, 2024, 03:12:43 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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361  Other / Off-topic / Re: Flat Earth on: April 04, 2017, 10:03:45 PM
OOh jesus the amount of retardation in this thread is strong.
362  Other / Off-topic / Re: 90's cryptowar on: April 04, 2017, 10:03:06 PM
reading over the old mailing lists of people who now are big in the bitcoin space is pretty funny. Even back then they were disagreeing on the nature of crypto and where it was going to go.
363  Bitcoin / Bitcoin Discussion / Re: Even now in 2017, why is bitcoin *still* not accepted as a major currency? on: April 04, 2017, 09:59:13 PM
Changing the word takes time, 8 years is no time at all. I dont think it will completely replace other currencies but it will add value to more people around the world. We need the time anyway to make it scale.
364  Economy / Gambling / Re: Satoshi dice is back now check it on on: April 04, 2017, 09:55:01 PM
I'm pretty new to all of the functions and services available for Bitcoin, so thanks for sharing  Smiley

Honestly, I've only been using my BTC as an investment. I might try a few of these gambling sites haha.

Dont gamble too much and lose all your money. Its a trap that many bitcoin investors fall into. I know people who have lost 1000+ btc gambling in the old days that would have been millionaires now if they had just held.
365  Bitcoin / Bitcoin Discussion / Re: [POLL] Possible scaling compromise: BIP 141 + BIP 102 (Segwit + 2MB) on: April 04, 2017, 09:49:19 PM
regular segwit is fine for me. People are blocking it not for technical reasons, but because they will lose the ability to ransom for a HF
366  Bitcoin / Bitcoin Discussion / Re: Why I support Bitcoin Unlimited and hate the centralized banking cartel on: April 04, 2017, 09:46:21 PM
I fully support Bitcoin Unlimited, clearly it is the superior scaling solution.


UASF is very dangerous, every fork that Satoshi did was user activated, see how they all turned out. When Gavin proposed miner activated forks in 2012, miners started stalling them, every single one was stalled for a period of time. Even the very first miner activated fork, p2sh, had to be user activated after miners stalled it. Clearly this shows how malicious UASF is.

Back then everyone agreed with satoshis vision so of course everyone would fork alognside satoshi. 
Ignoring satoshis fork would be very stupid because you'd clearly be the minority.     

Also, miners didn't block gavins proposal, the other core devs did.   
Also, you seem to be ignoring the fact that satoshi handed the keys to gavin, and gavin choose to share his authority with 4 others instead of taking control on his own. And yet the same persons who got shared access accuse Gavin of trying to gain more control of bitcoin.     
If Gavin was trying to get control, then why would he share the keys? He didn't have to do that.       

The 300GB bandwidth and 2GB RAM it currently requires to run a non-listening node is absolutely nothing at all and an initial sync that can take weeks is perfectly fine. Doubling the block size increases bandwidth by more than double. Clearly 600GB+ bandwidth is nothing for 2MB blocks.

Gross exaggeration and you know it.   
Furthermore bitcoin was never designed to have regular users run nodes anyway.
Run a node if you can handle it and want to do so, but if you can't or don't want to, don't.


SPV wallets send all their Bitcoin addresses to the node, trust the node to relay their transactions, trust the node to not lie about unconfirmed txs, and trust the miners not to do any of the hundred malicious things they could do to SPV wallets. Who cares about privacy, security or anti-censorship? those are for those silly anarchist types.

Even if this is true, then it's still not worse then LN. 
However, I'm pretty sure SPV can be designed in a better way than what you are describing above.   




The Blocksize limit Satoshi added was very bad. Clearly he was bribed and extorted by the centralized banking cartel to insert this malicious code in to completely obliterate Bitcoin so that they can further their goal of taking over the world with liberal ideology and communism so that the USSR will reign once more. Gavin tried to warn the CIA about what happened, but it was too late, Satoshi shortly vanished after he met with the CIA.


Satoshi never intended the blocksize limit to stay for very long, in fact he hinted at removed it over 6 years ago.   
When it was placed it was 1000 times larger then the average blocksize back then, and only placed to prevent spam/bloat attacks on the network because back then every user had to download the full blockchain just to run a wallet.   
Right now most bitcoin users don't even download the blockchain, so the blocksize limit is already not serving the initial purpose anymore. 
Satoshi was quite clear about his intentions:
To prevent the blocksize from becoming too large too fast so that users new to bitcoin would not be discouraged downloading a wallet because of a too large blockchain (which they had to download in order to run a wallet).     
Right now the blocksize limit is discouraging new users from using bitcoin due to high fees and slow transaction times. In fact, it's not only discouraging new users, but it's discouraging old users as well.   
So not only does the blocksize limit no longer serve the initial purpose, it has actually become harmful.   
And it's not because satoshi was wrong for adding it, it's because the current core devs are wrong for not removing it like satoshi suggested.     

Roger Ver also an extremely trustworthy and upstanding citizen. I was a large customer of his, and he always delivered the explosives that I bought off him on eBay and counterfeit cisco hardware that he also sold to the US government on time and provided excellent customer support when he was an admin at blockchain.info wallet, and was nice enough to publicly post a blockchain users full name, address, phone number, wallet URL and wallet secret answer publicly on bitcointalk so that they won't forget them.


Roger Ver doesn't deserve all this blame, he isn't even a BU dev. He's just an early adopter and he's very open about what he thinks.
He's also one of the most honest persons in bitcoin, but even if you don't trust him, you don't need to trust him because he doesn't have any control over anyone in bitcoinland.   
Unlike Adam back and his gang.

>Roger Ver doesn't deserve all this blame, he isn't even a BU dev. He's just an early adopter and he's very open about what he thinks.
He's also one of the most honest persons in bitcoin, but even if you don't trust him, you don't need to trust him because he doesn't have any control over anyone in bitcoinland.   
Unlike Adam back and his gang.

you mean the guy who is bribing pools by paying more than the block reward, the guy who vouched for mtgox and isnt technical at all. Why should we trust him ?
367  Bitcoin / Bitcoin Discussion / Re: Bitcoin saving on: April 04, 2017, 09:42:31 PM
I just looked at that challenge, it is interesting, but I am lucky enough to have no life so I save a lot Smiley
368  Economy / Economics / Re: The future of the paper money on: April 04, 2017, 09:28:17 PM
paper money or cash will die, but I dont see it happening in the US for another 30 or so years. They will slowly pull it out of circulation and not just ban it all at once.
369  Economy / Economics / Re: It's Time To Get Painfully Honest: Banks Are Evil on: April 04, 2017, 09:27:07 PM
no shit sherlock

it's why most of the early investors even invested in bitcoin in the first place.

It's why bitcoin was created in the first place.

And ironically, bitcoin is now controlled by AXA.

AXA is literally an insurance company lmfao you would be complaining if silicon valley funded them too.
370  Economy / Economics / Re: It's Time To Get Painfully Honest: Banks Are Evil on: April 04, 2017, 09:26:14 PM
Banks are businesses that are going to make money anyway they can, if the government lets them get away with laundering money, loaning to cartels ect, then it is their fault.
371  Economy / Economics / Re: The best time to invest. on: April 04, 2017, 09:25:18 PM
Or the worst time to invest. I mean if you have something that almost always goes up in 30 year increments then yes the best time is today, but bitcoin is still at this point a massive risk.
372  Economy / Economics / Re: Bitcoin is no longer a currency on: April 04, 2017, 09:24:15 PM
I have always considered bitcoin an asset not a currency.
373  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: April 04, 2017, 09:23:45 PM
I sold my bitcoins to clear my student loan debt at 9% a year. I just didnt like the interest piling up over me.
374  Economy / Economics / Re: March 2017 , february 2017, january 2017, 2016’s top cryptocurrencies on: April 04, 2017, 09:22:55 PM
shitcoins will pump shitcoins will dump. The only one here to stay is tacocoin.
375  Bitcoin / Bitcoin Discussion / Re: Sending remittances with Bitcoin: which one do you prefer? on: April 04, 2017, 09:21:48 PM
I personally dont need any of the options for remittances, but I have heard good things about a few of those sites. I dont think circle does it anymore by the way.
376  Economy / Gambling / Re: Satoshi dice is back now check it on on: April 04, 2017, 09:14:08 PM
Wow satoshi dice, that brings back some memories.
377  Bitcoin / Bitcoin Discussion / Re: [Unknown] Attack on the Network in Progress on: April 04, 2017, 09:11:59 PM
Someone has been attacking the mempool for years to push their bigger block agenda, which is why we see so many small transactions in cycles.
378  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HLM] HELIUM - PRE NOTICE on: April 04, 2017, 09:10:43 PM
Please dont go with pool resistance pools arent the problem its asics. Pools lead to decentralization as long as the miners can move to the pools they want and there are multiple pools. The problem with no poos is the only people who will end up mining solo are big gpu farms and the 1 gpu or less powerful gpu miners will go to a coin which gives them a steady income even if they arent the one who finds a block.
379  Bitcoin / Bitcoin Discussion / Re: Block issue SOLVED!? Extension Blocks on: April 04, 2017, 09:01:08 PM
extension blocks arent going to get passed, the devs seemed to be pretty split on them and feel like they are sacrificing security for community consensus.
380  Bitcoin / Bitcoin Discussion / Re: Trying the new Bitcoin ATM near my house on: April 04, 2017, 08:59:53 PM
just saw theres now over 1000 bitcoin atms, I hope the ride to the next 1000 more is much quicker.
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