That is not relevant in the least. It will make it better than it is now.
We need improvements. Before we hit $100+ fees would be nice.
Why does BTC need improvements? If it is digital gold -- designed to be held and not spent -- then high fees that make it more difficult to use could be seen as a feature. Plus small blocks make it easier to run full nodes, which is important to many people. It does bother me that someone as (I think?) intelligent as you can only see this problem in 1 dimension and black and white... That is assuming the above quote is sarcasm, and not a sudden change of heart or a hacked account. By the way, I do not think bitcoin is/will be only a store of value... likely many of us do not. Also it is a straw man to assume small blockers want "no improvements". We want different ones from BCash. |
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A nice little pump going on...
Yeah. What was that?!?!  |
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I have yet to see anyone explain how increasing the blocksize increases centralization. It seems to be some idea that just took hold and that everyone believes in, because they believe in it.
And it doesn't end. There will always be a need for improvements because there will always be competitors ready to take over if we stagnate. stagnation is death.
Lightning requires segwit. Which is to say, it will be as worthless as segwit is.
Increasing the block size will require more storage, faster CPUs, and more network resources. The further we go, the more we price out smaller miners and move mining to the cartels which is already a problem. Congrats. It's now been explained to you. |
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I can admit that, if this was an enterprise, the blocksize increase would have come first as a temporary fix whilst the real scaling solution (LN) was being finishing development/tests/deployment/adoption etc... But it is not... decentralization has its pros and cons.
This is a key thought. We have not really had the crypto go-live yet. We are still in the testing phase. Those of us in this community buying Christmas gifts with purse.io and planning our yacht purchases do not live in the real world where crypto is still only magic internet money. Thing is... there can never be a hard go-live date. It is happening little by little over time. This *is* going to make most "enterprise" production systems look like tiddly-winks. We will NEVER have a better time than now to implement the needed scaling solutions to serve 7 (8, 9 10) billion people. The current transaction fees are growth pains on the way to a new world. No one said it would be easy. |
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I do not consider increasing blocks a good solution. It does not scale while the negative consequences for decentralisation are unclear. Since Bitcoin’s only true value lies in ‘decentralisation’, I support not hastily moving away from this core concept just to solve a current - perceived as immediate - issue. There is too much at stake.
Yes. Yes. A thousand times, yes. If people could realize than layer 2 is not an optional path, they would also realize that moving towards layer 2 is far more important than easing the current block size constraint. Layer 2 will ALWAYS be optional for the individual. It is an absolute certainty for the whole ecosystem. |
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Serious question - do you think Dr Craig S Wright is Satoshi?
Peter - if you are reading this I'm also interested in your view as well.
I think JayJuanGee is most likely Satoshi and is trolling us all. You are fucking ridiculous. You come into this thread periodically and troll the thread with your BIG BLOCKER non-topical discussion points, your frequently passive aggressive attacks on bitcoin, and your various presentations about the many ways that bitcoin is supposedly broken, your recent pumping of bcash (acting like that is the "real" bitcoin vision), and then somehow you muster up additional arrogance to assert further bullshit and distractive accusations that others (more topical posters, such as yours truly) are trolls.  Isn't there a bcash thread or a r/btc thread that needs your self-proclaimed "expertise?" BUSTED It was a magnificent retort. I am unignoring him.  |
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Serious question - do you think Dr Craig S Wright is Satoshi?
Peter - if you are reading this I'm also interested in your view as well.
I think JayJuanGee is most likely Satoshi and is trolling us all. That's a cute dodge. And here is a truth: I think JayJuanGee is 10000x more likely to be Satoshi than Craig Wright. |
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Can't wait to see what Kovri will do for XMR's status in the Bestestest Privuhsee Coyn EVUR circles!  I am willing to foretell this. Kovri will handily extend Monero's position as the leading privacy coin. This will do good things for our image, press, utility, and ultimately value. But in the circles you mention? We will hear cries of "Too little too late", "We already had this", "The Monero community are a bunch of bullies". And so on. It's the cross you bear when you are #1. |
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Call a spade a spade. The fact that we have healthy enough governance to routinely hard fork is amiable. We should pronounce it proudly. Call it a routine hard fork.
People are just basically idiots there is nothing we can do about it but dumb things down. I don't understand what you are saying... ELI5? |
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...I'm betting Roger Ver stepping back onto US soil is a disaster waiting to happen for him.
As I understand, he has tried on several occasions, but he is always denied a visa. It's like you guys think he's Dr. Evil or something. He was here in November for God's sake. Here's a picture we took together at SFO airport as "proof." Roger is a great human being and an awesome ally of Bitcoin. No, its just that all you guys are misplaced. You are wrong about the nature and situation with Bitcoin. Your solutions are not the best ones. You have let emotion and short sightedness direct you away from a coherent long term strategy. And now you shill an altcoin that isn't even as good as Litecoin. Bing-freaking-o. |
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Troll species going extinct here or what? Getting nervous a little. Step up please, I want to see that troll strength index increase, so I could expect another price jump. Walonek where you at bro???
Troll behavior is meant to take advantage of your emotions. There's not nearly enough fear right now for them to capitalize on. However, when the price falls below 50% of the ATH, the noise will start to increase. In a way, trolls are a representation of our inner uncertainty, which grows stronger as external reinforcement declines (deep, isn't it?). One you have seen the cycle a few times it is kind of uncanny. Early on I would attribute this to paranoia or confirmation bias. But like I said... watch the pattern enough times and it becomes pretty obvious. |
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I've been trying to get my dad to buy bitcoins since the price was $2. He just called me tonight and said he wants to buy some. Not a good sign.
Just make sure to teach him how the wallet works and have patience with him; last thing you want is for him to lose the coins.  I'm doing it for him. He doesn't even know how to hold a mouse properly. Soon people will begin to realize this is an even more important reason for L2 development than the blocksize issue. I remember chuckling when this thread got into the bitcoin opsec rabbithole a few dozen pages back. I mean we were talking about different kinds of concrete to bury your 2 of three seed parts in. Heh. L2 won't take away our ability to "be our own bank". But it will make ways for people who have no business trying to do that to also use bitcoin. They gain value... ...and so do we. |
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XMR has been knocking on the .025BTC door for quite some time. Recently it's been poking right over that value multiple times in a row. I like. Volume still soft... but we are coiling imho.
Sorry to ruin it by posting Heuristic...
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Will you have some patience? It looks like LN is coming soon enough.
Ramblings of a idiotic bigoted shithead deleted. I am completely serious. The trees aren't letting you see the forest behind. Yes, LN in its first phase might introduce some sort of "centralization" in that a hub and spoke model will be easier, cheaper and faster to deploy. But: 1- We are talking about L2. I wouldn't have any problem in additional layers more or less de/centralised. You shouldn't too, as they are all optional... just additional layers! 2- That's just at its first stage. It won't be that hard to evolve into a more decentralized structure some time later. 3- Rerouting a big amount of tx's to those (maybe) more "centralised" layers will free up more "space" for direct blockchain tx's. ... And, above all, it will be the best digital payment system ever known to man... Invest now, wait for it, and then fucking sell all your BTC for more shiny metals if that's your thing. Do you have some ethical (or mental) problem getting profits for your investments? No wonder you hate Jews so much. They don't fucking care about all those irrelevant details. Don't try to reason with that awful shithead. Many of us have him on ignore. |
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LOL, I can't search reddit! I can't even follow threads on it. I post and can't even find a response. That site blows my left nut.
Me too. I am not a fan if threaded forums. Especially when posts are grouped out of order, or hidden, etc. Old fashioned I guess.. Or just old? But it is my main complaint with both Reddit and the Monero forums. That said Reddit IS where the action is now. As to speculation. We are seeing some real nice consolidation on the xmr/btc charts. Dat .025 dough. If we can ever break that I see easy .027 and .03. |
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Yep. bullet proofs on the testnet already Sounds to me as though both are progressing well thus far. To the best of my knowledge (admittedly not the best) both are likely to be in the next protocol upgrade, barring catastrophic testing issues. It feels like a few weeks ago that I first heard about Bullet Proofs. Now they are likely weeks from release. The Monero Team is Fast. Spaceship Fast. Never thought I'd say that  Slow down there buddy. The release for the March HF code is scheduled for mid Jan. so that does not give much time for testing BulletProofs. At the dev meeting 2 weeks ago there was no consensus as to when BPs would be released. I imagine they are keeping an open mind but my guess is it will probably not make it. I must say that more people are involved in development these days so things do move faster but nothing will be released unless it is thoroughly tested and reviewed. Like everyone I hope it makes it. It is a rather easy replacement to our current range proofs but it is new tech. It would be the first implementation where money is involved so.............. Multisig has been tested and is ready for the March HF. Being a wallet change it actually doesn't need a HF. It is already on master and will be there and ready to use in the Jan release. If BPs are ready for the Jan code they will not be used until March as they do need a HF. Sigh. Enthusiasm Crushed. Reduced to level: Uber Bullish. Maybe I'm wrong to be so influenced by some troll on twitter, but but but... single-output Bulletproofs code is merged and will be live as part of the March hard fork.Cthulhu help us... another "announcement". |
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I'm getting those urges again, doctor...
Short the fuck out of it... ...and call me in the morning. |
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The poll is bullish as fark. Who here really thinks we're going to see $20k in three days? Tera?
Yeaaaah... I might have overshot it just a wee little. |
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