Its really incredible how this miners suddenly jumped in and save the day for us.
What's incredible is that you can possibly think that when the very same miners were the ones who held back on activating segwit the proper way, fucking it up for everyone and making a safe process precarious. Even though we're getting segwit, we're now staring down the barrel of a rushed miner code driven hard fork. Hopefully it is clear and concise to all parties that working together is in the best interest of all. The politics of Bitcoin has held this coinage back 2+ years now. Let's scale and build shit reputation. Corrected a bit |
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[..just re-read my post - I'm a bit out there.. been up all night.. forgive me..]
I'm sensing something..
Something in the crypto sphere.
Something in Bitcoin-Landia.
As we approach 'The Reckoning'.. and a resolution to this stalemate is achieved.
People of all walks of life asking me about Bitcoin. but in a good - how do I get in how do I use - sort of a way.
Maybe the fight it has taken to get here has made the prize seem all the larger - but there is very real sense of excitement about where crypto could lead in the future. From, well, everyone.
..
And more important than $10k/BTC (6 months tops).. Is the fact that all this 'Crypto-Anarchy' .. is working. (Anarchy - No Rulers, Not no Rules)
The Old Financial Order is crumbling around us fat & bloated & corrupt whilst a completely functioning anarchic-finance-system has sprung up along side. And lo and behold - people can't get enough of it.
More than ever - the old guard seem irrelevant and out of touch. The crypto sphere is literally where anything exciting and innovative is happening.
There's a storm coming.. and a new order.
The 'old' financial order was mostly about corrupt leaders and hidden agendas destroying the reputation at first place and betray the already poors. What do you see now? What is Bitcoin's reputation? Will it be increased ? How? |
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It would be really nice if you take this serious since lot of people come up with a lot questions.
I only see achow doing great job but seems to me that UASFolks are down to party and leave the rest alone.
Well done ! It was up to you so pls take your responsibilites now and here.
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If you just need tooooo many argument, toooooo many shil posts, tooooo many ranting ....
This must be really good in the end. - I really hope since I want to stay a bitcoin maximalist.
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Es ist immer wieder faszinierend wie verlässlich die Herde den vorgegebenen Mustern folgt:  Nuja, andererseits hätten wir ja sonst die netten Muster nicht  |
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It's happening.
Segshit and second fail layers aren't the bitcoin I signed up for.
Yep, looks like. Some might have to learn the hard way... The masses are always as dump as the dumpest of that mass Let s see how much is really used of all that. My hope is still to cut down the base protocol after some lessons learnd, guess its not too late. The worst thing that might happen is that they finally break the NYA as well and everything falls apart. Maybe this is a new start? |
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You guys do realize that the total crypto market hit a high of $116B, and now with even this mega pump we are only back up $92B? Not even back to over $100B, nor do I see that happening within 6 months.
Crypto "market cap" means absolutely nothing. Correct. Reputation and user base is all! |
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Sure. They will ensure the sentiment for the 2x is getting done as well. No breaking. All good. This is getting business style, get ready man or do you want to stay ranting nichy all time? |
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ein schönes doppeltop im wochenchart. drama voraus.
Drama?  Was meinst Du damit? wir werden bald mindestens zwei versionen von Bitcoin haben (Bitcoin + BitcoinCash) und gegen ende des jahres eventuell sogar 3 versionen (Bitcoin1MB + Bitcoin2MB + BitcoinCash) weil im BitcoinCore code kein HF zu 2MB eingebaut ist. NYA  |
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I still don't understand one thing: It was a bit surprising to see that there are miners who actually don't live in a cave. I am saying this because as for now, even the most hardcore segwit haters are signalling for segwit and the support levels are over %95!!! which was already needed to activate segwit via BIP141. Anyway It is nice to see that UASF worked out. Without threatening the lazy miners we will be having hard times to get future protocol upgrades it seems. Miners only understand one language; Violence. Sure - and in the mean time they (NYA) saved just bitcoin a little. |
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Now that BIP 91 has almost locked in, once it activates, it will hopefully make BIP 148 a non-event. However there is risk that enforcement does not happen for BIP 91 and BIP 148 may still happen. Even if BIP 91 is enforced, there may be many smaller forks since not 100% of the hash power is signaling BIP 91 and thus may end up mining BIP 91 invalid blocks. These invalid blocks could be briefly extended upon by spy mining and by other non-BIP 91 miners thus resulting in a fork. Such forks would likely be reorged out but they may happen multiple times, so we would end up with several mini-forks that go away.
Thx you update us all on the latent risks, even if their entry prob is mostly neglectible(now). I'd expected this from UASF fan-boys since it is fully up to their duties to take care and responsibilities, or are they fine with a split by any means? |
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If the agreement is not clear and does not provide a clear and unambiguous mechanism, then how the fuck they going to be on the same page regarding what it is that they are agreeing to do, exactly?
Dont worry, they understand what they signed. Its irrelevant you have problems understanding it... Look at you. Devolving into nonsense. If the terms of an agreement are vague, then you are not going to get unambiguous clarity about the terms. So what are the terms that they understand? They will support 2mb no matter what ? They will support hardfork no matter what? They will support attempting to change the governance of bitcoin no matter what? These are written or unwritten aspects that they supposedly understand? They agree to running whatever fucking code is given to them, no matter what? Does that make sense? You may not understand what is an agreement. Usually an agreement has to be specific, and I recall looking at the Hong Kong agreement and a bunch of big block whiners claiming that there was some kind of breach... which was total bullshit because they were trying to assert that the agreement was above and beyond to what it was. remember that one? Guess you remember last 2 days and how the price reacted due to the enforcing of agreements ? That counts - only that. We all are getting honored ONLY when we work together - not against each other ! Lesson learned? Oh my!!!!! ongoing skewing of reality. Are we talking about price or are we talking about hash power? There is a bit of a freemarket to this, and there are likely areas where the market converges, including in this situation there seems to be a path forward that brings some level of certainty, and in the end, seg wit has never really been that contentious. Segwit has been used as a political football, and so the last couple of days is the markets and the mining reacting to a good resolution and maybe even taking advantage of momentum. Don't try to read too much into it, otherwise you get back to your fantasy world.  Yeah - fantasy worlds have little more dimensions to understand - good training. Some people know to use it, some are getting lost and fear it. |
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If the agreement is not clear and does not provide a clear and unambiguous mechanism, then how the fuck they going to be on the same page regarding what it is that they are agreeing to do, exactly?
Dont worry, they understand what they signed. Its irrelevant you have problems understanding it... Look at you. Devolving into nonsense. If the terms of an agreement are vague, then you are not going to get unambiguous clarity about the terms. So what are the terms that they understand? They will support 2mb no matter what ? They will support hardfork no matter what? They will support attempting to change the governance of bitcoin no matter what? These are written or unwritten aspects that they supposedly understand? They agree to running whatever fucking code is given to them, no matter what? Does that make sense? You may not understand what is an agreement. Usually an agreement has to be specific, and I recall looking at the Hong Kong agreement and a bunch of big block whiners claiming that there was some kind of breach... which was total bullshit because they were trying to assert that the agreement was above and beyond to what it was. remember that one? Guess you remember last 2 days and how the price reacted due to the enforcing of agreements ? That counts - only that. We all are getting honored ONLY when we work together - not against each other ! Lesson learned? |
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Miners kept their word and started signalling SegWit through BIP 91 and we have overwhelming victory -
CoinDance states that: BIP 91 has locked in with 93.1% and BIP 91 activation is scheduled to take place in: 349 blocks
I can't imagine a better outcome than this. Just look at the price of Bitcoin, it is recovered and soon we will reach new ATH.
... and the bloodbath might be even worse once this is about to be broken from any side .... |
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There is nothing stopping all the miners from simply dropping the btc1 fork code and just using core after segwit is activated, and not all pools actually signed the agreement.
Pools were not the only ones signing the NYA agreement. Hard to believe every NYA signer going to toss his reputation by not honouring the agreement. And we are talking about the most important Bitcoin companies here... https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77Most bigger pools/companies use custom software, so the core vs btc1 code is not relevant here, what only matter is being compatible with Bitcoin, like accept up to 2M base blocks in about three months. Your last sentence contains very wise sense: Custom Software That's what we need to head to. Gedankenexperiment: Do we need software at all? Think of the Monopoly Game - The rules a very simple written into a White Paper Who / what enforces the rules? > there is no tech impl needed! There is just a strong agreement needed between more or less equal players that will all benefit when all play to this 'mental' rules. You trust old big player a bit more since they keep the game on track. It there is a single one getting too big -> all others will exit this game. So players see them getting too big , needs to shrink i.o. the keep the game up and running into eternity... >>>> The tech code we need could be a very very thin one -> minimum protocol level |
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i'm a little confused.. we're getting SegWit, then a 2MB hardfork.. why does Tone Vays refer to segwit2x as "clown code" that's untested or something?
BIP91 somehow allows SegWit and SegWit2x to work together? is that right? is the segwit in segwit2x not the same as regular segwit?
They just cannot stop fighting - this is sad.... but I hope all understand that there is nothing for free. SW2x is a trade off to keep bitcoin un-split. Hope even the dumbest will learn this on soft way now. I fear if that stupid fighting comes up again and NYA agreement will be broken - we are doomed and split? You write like you are a nutjob hv_..... ... Is that you craig? roger? Jihan? Which one are you?  Actually, I have seen videos of craig and roger, but I have never seen jihan talk so I am not sure whether he talks as crazy as those other two. You are writing as if you are victim and that you already been fucked and you are writing as if you are in some kind of superior position at the moment because you have the New York Agreement. Apparently, the NYA is Hong Kong agreement 2.0 in which you and your big blocker nut job buddies continue to assert that the agreement was breached and read whatever the fuck you want into the agreement... such as the locking in of 2mb hard limit increase. It is like you do not understand nuance and think that if you just keep repeating your view of events (no matter how detached from reality they are), you are going to get your way. The reality of the matter is there is no fucking mechanism that forces the 2mb upgrade or the hardfork... no matter how frequently you repeat it as if it were some kind of real and concrete thing. No - I've no correlation to anyone . I KNOW a lot of software, economics + game theory, industrial style projects, change management .... -> and RISK + REPUTATION issues. Bitcoin has all of that and needs more discipline or it stays nichy - I guess you can follow? I like to see some legend open a 'Lesson Learned' thread - or I do that. This should get the bitcoin project here up to NEXT LEVEL -> Scaling is one, Reputation is far more important. Think of a perfect scaleable system it can do all you want > If only stupid freaks leads and sell it - who wants that ? |
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i'm a little confused.. we're getting SegWit, then a 2MB hardfork.. why does Tone Vays refer to segwit2x as "clown code" that's untested or something?
BIP91 somehow allows SegWit and SegWit2x to work together? is that right? is the segwit in segwit2x not the same as regular segwit?
They just cannot stop fighting - this is sad.... but I hope all understand that there is nothing for free. SW2x is a trade off to keep bitcoin un-split. Hope even the dumbest will learn this on soft way now. I fear if that stupid fighting comes up again and NYA agreement will be broken - we are doomed and split? |
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