We need exponential scalability and increasing the block size is no such solution.
Nonsense. Do not confuse a sigmoid curve with an exponential curve. The sigmoid looks like exponential, until the inflection point. But then it slows. After all, once the entire world is using Bitcoin, there are no more people to newly adopt. (duh) |
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Just so you guys know, there's Black Friday 21% discount on Ledger Nano S until 27 november.
Hmm. I've been thinking about equipping the progeny. They're currently on paper wallets. But would that be additional incentive for them to not hodl?
And I repeat my query: What's the vision?
Just a few people living on houseboats. Nothing to concern yourself with. That's a shame. If there was a worthwhile vision you would not have anything against sharing it. On the contrary. Oh well. On the eve of Elwar's starting of probably the most significant chapter of his life's journey, you're going to call him to task for not engaging with a hornet's nest of internet trolls that only want to show how this work is sheer folly? Why the hell would he expend the mental bandwidth?
not saying it cant be done. saying an off-shore gated community for the transnational rich isn't interesting
its obscene
As opposed to, say, an on-shore gated community for the transnational rich? Either one is interesting at least to the transnational rich. As if that's all that's going on here. Though this is also an experiment in new forms of governance. Something from which the world could probably benefit greatly. BTW, your green gene is showing.
I've not been to this website before, and am not interested in spending the time to dig in to the results. That said, rather than comparing Apple to Google, should you not be comparing iOS to android? https://www.cvedetails.com/product/34425/Apple-IOS.html?vendor_id=49https://www.cvedetails.com/product/19997/Google-Android.html?vendor_id=1224 |
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Most of these seasteader types are:
1. Lone wolves
2. Anti-social
3. Stubborn
4. Eccentric
5. Nerdy
6. Drug and alcohol users/abusers
7. Entitled
8. Self righteous
9. Egotistical
10. Male
I was prepared for this getting into seasteading but working with the large group of people that are working on this I have found this to not be the case. If anything it's leaning a bit too much in the environmentalist arena for my tastes. But I understand the need for leaning on the environmentalist side with ocean projects. I have discovered there is a certain environmentalist mafia that exists that you do not go up against. Don't try to escape from the world! Try to change it for the better! Sometimes all that is needed for the masses to stop fighting against a better way is merely a working example. |
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And what exactly is wrong with me bitching about centralization wherever it rears its ugly head?
::sigh:: nothing. Though I believe you are confusing the position enjoyed by a superior competitor in the free market with centralization. A 70% market share in SHA256 ASICS and also have an interest in pools contributing to almost 50% of the hash rate for BTC and 90% for BCH? Oh no, that's not centralized at all. I suppose by your definition, De Beers was only a "superior competitor" in the free market of diamonds, until recently. Oh and as a side note: This DragonMint project does look promising. However, if it really appears as though it's going to cut in on Jihan Wu's turf, do you really think that Jihan is just going to sit idly by and let it happen? I'm sure Jihan will make every attempt to get his tentacles wrapped around that project. jbear hasn't got back to our point yet? it was so good tho I can't really see what there is to respond to. - I know nothing about the diamond industry - You seem to know nothing about the free market - You seem to engage in conspiratorial flights of fancy I think we've each made our positions clear. What's left to say? |
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Ouch, buthurt must be strong. Yeah. Well. The Bitcoin community used to collectively organize a push of Bitcoin consumerism on Black Fridays. To demonstrate to the world the power of cryptocurrency. But what with a large portion of retailers formerly accepting payments in BTC having dropped it, plus the general increased awareness of Bitcoin by the man on the street, I guess we don't do that any more.
Stop fucking exaggerating and defending jbreher.
... proclaiming doom and gloom and spreading FUD based on little to no evidence, including yourself when you go to support jbreher and the other Bitfinex fearmongering
I find it somewhat odd that you have turned an observation about the rather unique and seemingly precarious position that Bitfinex is in, into some sort of referendum on me. |
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And what exactly is wrong with me bitching about centralization wherever it rears its ugly head?
::sigh:: nothing. Though I believe you are confusing the position enjoyed by a superior competitor in the free market with centralization. check your biases. remember ghash.io? why are you so blind to this? Yeah. I remember ghash.io. I remember that they fleetingly enjoyed a 50%+ mining market share on the Bitcoin blockchain. I remember that they did not abuse their ability to execute a '51% attack'. I also remember that they are now merely a minor player. What's your point? |
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And what exactly is wrong with me bitching about centralization wherever it rears its ugly head?
::sigh:: nothing. Though I believe you are confusing the position enjoyed by a superior competitor in the free market with centralization. |
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Say we have a payment channel and I try and cheat you then you can just claim everything and I loose everything
Unless the mempool is clogged and my redeeming transaction does not get mined into a block before time runs out. |
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Sure, Bitfinex had several opportunities already to employ an exchange exit scam -
For all we know, they have already executed two partial exit scams. If you want to ground your views of the world on conspiracy theories, then sure that is possible. I've seen enough exit scams. I know the way this story usually ends. 'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking? You don't know shit.... You are merely, guessing, assuming, speculating and also coming to too strong of a conclusion that there is a scam going on based on pretty skimpy evidence, even if you are proclaiming to have some kind of "gut feeling" You're right. I don't know shit about Bitfiniex's situation. Which is why I don't trust them with my money. 'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking? |
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You speak as if you have never in your life had work that meant anything to you. That's sad.
So let's say you retire. What are you going to do with your time? Watch TV and have hookers blow you round the clock? While I imagine this would be a great time for a week or so, after a while, I'd be looking to exercise my brain.
Have you ever given up work for a few years, temporarily retired? Sorta. I was self-employed for a decade. I had the opportunity to select from the few jobs that came my way due to reputation. Was sort of a feast or famine period - when I was working, I was raking it in hand over fist. When not, I was pursuing other interests, and waiting for the phone to ring. Eventually, the 800 pound gorilla of my industry made me an offer to 'come inside'. After several rounds of negotiation, the offer became 'an offer I could not refuse'. So even if not for Bitcoin, I'd be sitting pretty. And I value the work - it's been a good run. Indeed, I've affected your life. Yes, you the reader - whomever you may be. But as I've said before, I've given my notice. Jun 30 I am out the door. Whatever contributions I am making to the industry, I'll do on my own dime after that - they should be wrapped up by end of 2018. Either way, there is plenty more work waiting in the wings. As in, my interests are varied and strong. While I will again be calling the shots, I will be applying intense effort to real world problems. |
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Hey look! An untapped market!
Who will be the first to spin an ASIC for Bitcoin Gold and its algo cousins? I can pretty well guarantee it won't be anyone who spends their precious time crusading on bitcointalk against Jihan's supposed unfair advantage.
(I don't mean to be ragging on you specifically, bones. This is really addressed to the masses)
As a consumer, I don't have to put up or shut up. For example, if I don't happen to like Wal-Mart, I don't need to raise the capital and come up with a viable alternative. I have every right to voice my complaints and take my business elsewhere. Are you stating that Yelp isn't an example of the free market at work?  No. Sorry. I am being unclear. Of course you have a right to whine about reality. However, it does nothing to change the situation, and merely makes you look like a whiner. Complaining about some supposed advantage that someone with resources, skill, and most importantly initiative enjoys, merely exposes one as someone who would rather complain than to actually do something. and again: (I don't mean to be ragging on you specifically, bones. This is really addressed to the masses) People deciding to try GPU mining rather than buying an ASIC from Bitmain is taking action. It's not simply doing nothing. In that respect, yes. And kudos for putting the pedal to the metal. But where we started was here: So if I want to mine with sha256 algo, I need to purchase the equipment from the same people who are going to be my direct competitors? What kind of fair raw deal is that?  To add insult to injury, Bitmain requires that I use only BCH, which benefits Bitmain even more. Sick of oligarchies making all the rules, to make the most profit for themselves. That's why I got into crypto in the first place. |
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You can call it whatever you want... a "job" or a career, but there ends up being a monetary calculation in there too, and at what point is working not worth the effort? Sure that is going to be an individual calculation, of course.
...
You speak as if you have never in your life had work that meant anything to you. That's sad. So let's say you retire. What are you going to do with your time? Watch TV and have hookers blow you round the clock? While I imagine this would be a great time for a week or so, after a while, I'd be looking to exercise my brain. Sure, Bitfinex had several opportunities already to employ an exchange exit scam -
For all we know, they have already executed two partial exit scams. If you want to ground your views of the world on conspiracy theories, then sure that is possible. I've seen enough exit scams. I know the way this story usually ends. 'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?
Evidence not compelling. There seems to be some strange nexus between Bitcoin and seasteading. When I attended the Bitcoin 2013 conference in San Jose, TSI was one of the exhibitors there.
I've been harping on this blocksize thing for three years. Now I see it as a symptom of a bigger problem: governance.
Replacing the anarchy of permissionlessness with a single self-selected lying autocrat holding 50% of the currency and 90% of the decision-making apparatus hardly seems like a preferable solution.
I wonder if since the other exchanges are having some sort of issue if all the trading has now moved to the Gox hence the recent increase somewhat.
Not sure if trolling or having a flashback.  Do androids dream of electric sheep? aka Do chatbots get flashbacks? |
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Hey look! An untapped market!
Who will be the first to spin an ASIC for Bitcoin Gold and its algo cousins? I can pretty well guarantee it won't be anyone who spends their precious time crusading on bitcointalk against Jihan's supposed unfair advantage.
(I don't mean to be ragging on you specifically, bones. This is really addressed to the masses)
As a consumer, I don't have to put up or shut up. For example, if I don't happen to like Wal-Mart, I don't need to raise the capital and come up with a viable alternative. I have every right to voice my complaints and take my business elsewhere. Are you stating that Yelp isn't an example of the free market at work? No. Sorry. I am being unclear. Of course you have a right to whine about reality. However, it does nothing to change the situation, and merely makes you look like a whiner. Complaining about some supposed advantage that someone with resources, skill, and most importantly initiative enjoys, merely exposes one as someone who would rather complain than to actually do something. and again: (I don't mean to be ragging on you specifically, bones. This is really addressed to the masses) |
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I do understand that there is one dilemma that a lot of folks could have, and that is if you have a lot of time vested into some kind of JOB, and you don't necessarily want to leave that money on the table - so in that regard, if the timeline (of suffering in the JOB) is rather short, then it could make sense to be allow that to play out in order to be able to extract some value from that JOB. Sometimes, early retirement can also be an option, but yeah some of the JOB's have minimum age requirements too, so if you have anything approaching 20 or more years in a JOB, but you have to stay an additional year or two or something like that in order to be able to collect, then it could be worth spending that time,... rather than just opting for "fuck you" right away, and without delay.... gosh.. 1000 coins... does almost seem as if "fuck you" could be a dilemma and tempting to just employ "right away", but without knowing how much value is there, it might not be prudent to leave some money on the table, too.
I tender an additional item for your consideration. While many people have 'JOBs', others have careers. Meaningful work can be part of what makes life worth living. I'm just saying that there may be additional considerations more important than simply hitting the 'fuck you money' threshold. BobLawBlaw, to return to your particular situation, I have no particular suggestion on navigating SO's wishes in relation to your (presumed) expectation for further value increase. Somewhere in the middle would seem prudent.However, finding a worthwhile money adviser may be difficult. If they aren't crypto millionaires, you should ask 'why'? If they don't 'get' crypto, you are unlikely to get useful advise from them. OTOH, if they are crypto millionaires, they've already amassed what JJG refers to as 'fuck you money'. Most of the good ones may be relaxing upon Caribbean beaches, with foofoo umbrella drinks in hand.
Sure, Bitfinex had several opportunities already to employ an exchange exit scam -
For all we know, they have already executed two partial exit scams.
Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Well, look who the cat dragged in. Welcome, BJA. Good to hear you're doing well (though it seems to me to be a grave mistake to pivot out of Bitcoin - but whatever trips your trigger)
Now I'm into Dash.
Oh. My condolences. |
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When will the bch support to Segwit
Probably never. And that's a good thing. There is no probably about it after the fuss that was kicked up about segwit they would probably let the chain die rather than backtrack if something like lightning takes off in a big way that requires segwit Problem: Segwit is not architecturally required for Lightning. Hell, even lack-of-malleability is not architecturally required for Lightning. And segwit is not required for lack-of-malleability. The discussion on this point within the Bitcoin Cash community is quite muted ATM - there are bigger fish to fry. However, BU had previously discussed the idea of a malleability fix quite extensively. If my reading of the tea leaves is correct, the prevailing attitude was leaning towards 'malleability fix yes, segwit no'. Your mileage may vary. Not to be used for the other purpose. Forward-looking statements carry some risk. Keep chainsaw away from testicles. Objects in rear view mirror may be larger than they appear.
the mystery miner, aka jihan wu, ...
While that is a reasonable inference, do you have any evidence to go with that assertion? has hundreds of millions of unspent bcash piling up. they should apply to him. i'm sure he'd like to spend some of it.
If instead it is Satoshi mining (OK, no evidence, but just accept the postulate for the sake of the hypothetical) there's plenty of evidence suggesting he has no need to cash in anytime soon (i.e., at least 980,000 BTC). |
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I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized?  What does it means?) It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers FTFY And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury. Irrelevant. Mining equipment is available to anyone willing to purchase. Though if you want to purchase the best, you'll need to acquire some BCH. So if I want to mine with sha256 algo, I need to purchase the equipment from the same people who are going to be my direct competitors? What kind of fair raw deal is that? To add insult to injury, Bitmain requires that I use only BCH, which benefits Bitmain even more. Sick of oligarchies making all the rules, to make the most profit for themselves. That's why I got into crypto in the first place. Then federate a coalition of people that feel the same way, put your time effort and treasure on the line, and spin your own ASIC. The free market will work for you just as well as it does for Jihan. Always drives me nuts that, in this permissionless environment, so many people complain about the way the free market operates. Again, kudos to DragonMint. Follow their example or kwitcherbitchen.  is gold still more profitable to mine than bch?
Both use different equipment. You need an ASIC to mine BCH. (You could try to mine BCH with a GPU, but your profit will be very meager, even if you have free electricity. If you do pay for electricity, it will be a definite loss. It definitely won't be worth your time, under any circumstances.)When I put in the numbers on What-to mine; Bitcoin Gold still appears to be the most profitable coin to mine with my Nvidia GPU, at the moment. https://whattomine.com/coins/214-btg-equihash?utf8=%E2%9C%93&hr=420&p=135&fee=0.0&cost=0.15&hcost=0.0&commit=CalculateHey look! An untapped market! Who will be the first to spin an ASIC for Bitcoin Gold and its algo cousins? I can pretty well guarantee it won't be anyone who spends their precious time crusading on bitcointalk against Jihan's supposed unfair advantage. (I don't mean to be ragging on you specifically, bones. This is really addressed to the masses) |
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I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?) It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers FTFY And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury. Irrelevant. Mining equipment is available to anyone willing to purchase. Though if you want to purchase the best, you'll need to acquire some BCH. For how long though if what DragonMint is saying is true then miners will purchase their miners instead with BTC Perhaps. We'll need to see how far the giddy optimism of tapeout diverges into the cold reality of first article delivery. But doesn't that admission poke holes in your 'bubut muh centralization' argument? (Incidentally: it's about frickin' time somebody stopped whinging about Bitmain's supposed unfair advantage, and actually got the cojones to try to compete instead.) |
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I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?) It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers FTFY AMD & nVidia aren't miners plus there are many more GPU manufacturers than ASIC manufacturers AMD & nVidia may produce the actual gpu core but it's the many manufacturers that release the cards. You are not forced to get your cards from AMD & nVidia there is nothing stopping you from going to your local big box computer store ...and buy card containing chips made by AMD and Nvidia. Nevertheless: I find the entire 'bubut muh centralization' narrative ludicrous. As long as there are no prohibitive institutional barriers to mining entry, it is as decentralized as is beneficial. |
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I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?) It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers FTFY And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury. Irrelevant. Mining equipment is available to anyone willing to purchase. Though if you want to purchase the best, you'll need to acquire some BCH. |
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When will the bch support to Segwit
Probably never. And that's a good thing. |
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