I'm for simple on chain scaling using a bigger block size and believe most of the support to do other things is politically motivated or a result of misunderstanding via propaganda.
The biggest myths are:
1. we need high fees right now 2. there is a danger to bigger blocks (aside from quadratic hashing) 3. if we increase blocksize we'll have gigabyte blocks overnight 4. node cost increases can be eliminated 5. there is no centralization risk with LN 6. we wont need bigger blocks with LN 7. we need segwit for LN 8. there's a specific plan to get worldwide scaling with LN in a p2p fashion
Great compilation - and the sad thing is that lots are brainstreamed already to believe in all that - so they act using only their instinct. Using instinct is far cheaper for human brains. Thinking about hard problems needs real energy = PoW and majority is not willing to spend that. We cant fix stupid....
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Sorry mate. Your b) is a wet dream of 'more dcentralization'. Proof? And whilst your are proving just prove why LN is more decentral? -> Hint: do not try the impossible. Uh.. not using a patented technology is more decentralized... you need that explained more? SegWit removes ASICBOOST (patented in China technology). As for LN, why it is decentralised - well you and your business partner can conduct thousands transactions without need for anyone else, any pair of nodes can. And then collapse it into 1 on-chain transaction. You can optionally use some federated mode too, that is an option, and setting up LN node is easy (not needing gigabytes of own data), plus you can always do good old on-chain transactions, while rest of world pays for their coffee or toothpicks individually with one-by-one, or federated, LN. Cool. I feel fully convinced now. Lots of stringent proofs every line... Thx for such a deep dive into UASF suporter minds. Why are you guys restrict yourself that much ? Are you paid or just blind? I guess you just like overengeneering because you are addicted to gameboy flashs and thats the tragedgy of the common.
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Given, we have about 1k alts now and only a few with significant trading vol ( agreed this is fishy, but vols < 1Mio$ per day is crap) How is the distribution, still very central? Given, that we have Turing Complete Alts = TCA that should be able to mimic all we might need? Could we replace all alts with these TCAs? Or do we just need to be scammed more and more and every day like in shiny Casino industry? Pump & Dump!
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As for BU, is there nothing stopping people submitting a pull request, or opening issues? Same with core, classic, xt. They are all clubs if you like, that can decide to accept or reject your pull request, or may respond with different ideas to the issue that you opened.
I can't be anything clearer, you have to be a member of BU to make a proposal, and so you have to be invited be the existing membership, which created and invited itself. It cannot be any more a setup for a dictatorship who's sole intention is to usurp power from the decentralized structure. This is why there is 100's of core contributor's which is not a single team but many teams and many individuals versus a very very small handful that is the clique that is BU. You are the ideal buddy. What do you think, ideal code should look like for your ideal money solution? Would you think it should have thousans of lines with thousands of params? Or just minimal lines with minimal param set? I suggest you should apply for BU membership!
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13 to 9 to 19 right now, in favor of code-based-algorithm.
I'm quite pleased with the result.
I think putting the blocksize out of the hands of humans is a smart move. Did you know the flexcap already is coded and comes (by defaulted disabled) with Bitcoin Classic?
some 40 voters.... Thats all just noise
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As for me in control of bitcoin's blocksize should be the most "savant" bitcoin people. Nor the users or nor the miners. Probably the developers who know very well in which way operate bitcoin and blockchain or probably the system itself if the developers will be able to build a such specific feature within the system.
Hmmm, and who would you like to be in charge to declare / vote who is savant enough to?
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I don't understand why people are calling BU a "fork coin". It's concept is good, I don't see anything wrong. If everyone else were to support it, there would be no two different coins, just one Bitcoin.
Segwit will not tackle the blocksize problem. It's a temporary fix them at will require a fork in the future.
There is no "blocksize problem". There is a transaction capacity problem. And Segwit _directly_ addresses that actual problem with a immediate capacity improvement. Yahoo, and what quality measure do you apply to this adressing thingy, directly? If acceptance stays that poor, given the most are agnostic or blindly following core, the measure is very poor....
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It's another vain attempt to communicate to the core devs to increase the effing blocksize. Nobody seems to be listening.
Personally I'm sick of the cult-like core devotees who claim to be intelligent and technically knowledgeable.
Personally I'm sick of people not being willing to understand or accept that an allegedly 'simple' blocksize increase exposes the network to a DoS risk. Yes it was thought a plain blocksize increase would be fine in the past; now we know better. Does that mean we should plough on regardless, knowing it's flawed? And now Core's inability to properly manage and communicate their scaling solution is leading us towards a much more dangerous HF. A damaging contentious HF now will primarily be Core's failure, not anyone else's victory. Not exactly stellar risk management. It is unfortunate that everything had to be bundled together like this. Especially when the contention in the BTC community became apparent. I understand there are technical reasons for doing so, but that's a lot of eggs in one basket. And we can always find risks for any solutions any changes any actions, even for no action. So best way is to try as many as possible and find back to the initial experiment thinking of Satoshi. Shrink the code to protocol level, clean it down to minimal essential params and diversify code bases. Best will win but only if free use is possible to find out about what works and what not.
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I don't understand why people are calling BU a "fork coin". It's concept is good, I don't see anything wrong. If everyone else were to support it, there would be no two different coins, just one Bitcoin.
Segwit will not tackle the blocksize problem. It's a temporary fix them at will require a fork in the future.
Yeah. All politics, hidden interest, fight for big balls and control. I say remove one line of code and let the market do the free float. But who gets the merits? No testing needed... All the rest are nice to haves and can be added later.
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Sorry mate. Your b) is a wet dream of 'more dcentralization'. Proof? And whilst your are proving just prove why LN is more decentral? -> Hint: do not try the impossible.
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Bitcoin is remaining the same without any solution and a important problem is persisting, a problem so big that is cappable of ruining a currency. That upgrade should had been done years ago, not when the problem started to be visible.
As others said. No matter how big the block is, if somebody wants to, it will fill it. So the solution has to be .. something different. I am not telling that SegWit is the best solution. I don't know. Now.. from what I've read SegWit took quite a lot of time to be implemented and tested. The problem is indeed visible for long time, but it was not so serious and was revealed during spam tests. Also an interesting fact is that after such "high" period ends, the network clears itself in 1-2 days. I still believe that somebody has interest in spamming the network, artificially making this problem big indeed.Right now the mempool is the smallest I've seen in long time. https://btc.com/stats/unconfirmed-tx shows it at under 1MB! This graph could also be used to show that lots of users are leaving... Put the market share of bitcoin vs rest of altcoins together.
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Bitcoin needs altcoins because they are a competition, a challenge coming up with the best possible features that bitcoin doesn't contain and either needs to add to itself, or overcome like transaction confirmations, anonymity, fee, etc... Alts are needed because they can demonstrate how a better Bitcoin can look like...
Yeah, hope it helps soon... But in terms of anker crypto, the first, the most notable it might be not really needed?
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Why is bitcoin about specific central individuals?
Yahhhn
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AI !
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I have a nice April compromise: Lets mix and randomize Core and BU code and see what comes out ! Whoooooaaa!
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Ok, then what shall we do?
Buy moooore
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The thing is clear, Shelby. All profitable business will lead to centralization, cartells, unequal wealth distribution. All written up in that older thread.
There is a difference between "unequal wealth distribution" and "centralization". Centralization happens, when decisions of change, permissions of participation etc.. can be taken by a small set of colluding entities (in other words, by one single meta-entity), changing former engagements, even with respect to one single participant. In other words, when it becomes possible to vote, and to obtain a majority for change. When one can vote, and one can hope to obtain a majority (that is, all positive voters are colluding), you have a centralized system. Even if they consist of one million different voters, they have become a single colluding entity capable of change against the agreements made with a minority, even with respect to one single participant. Of course, the smaller the number of votees needed to do this, the higher the probability of de facto centralization. And if one single votee is possible, you have a truly centralized system. Whether these votes need to obtain 10%, 50%, 90% of whatever "stake" (nodes, real-life persons, stake, hash rate, quantity of prime numbers, amount of Mc Donnalds hamburgers eaten in the past or whatever) is allowing change doesn't matter. What matters is whether such collusion can be reached or not. The only way to actually change a decentralized system, is if ALL participants agree with it. Decentralization is the way to impose "respect of contract". The only fair way to change an existing contract, is if ALL parties signing the contract agree upon changing it. "majority change of contract" is not done, it is ripping off the minority in disagreement. And now, the question is: how can you obtain a "majority vote" in a truly decentralized system (centralizing it, in other words) ? By bribing voters. How can you bribe them ? With rewards. If a majority can vote relatively MORE REWARDS for themselves, the decentralized system becomes centralized, the minority is screwed and the contract is broken. This is why one cannot have "rewards" in a truly decentralized system in its basic functioning (the system can be used to give rewards to people, but not by its intrinsic functioning) ; and why one cannot have voting systems or "governance". Centralization is bad, not because of "inequality", but because of "breach of contract". Of unilateral contract modification, majority (of whatever weight) over minority (the screwed ones). Thx for your comment here - yes there is lot of room to define and distinguish more. I guess that you finally agree what I'm about. 'Ideally' there should not be any splitting between nodes + incentives like we see it now in bitcoin. Old code had not such splitting like Wallet, Full Node, Miner. Ideally all should be same and earnings are shared more equal. -> How could you force at least miners to run full node each ? This would help a lot.... (and wallets should mine as well)
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Is everybody fine here with the reduced hashpower == security?
No pain no gain. If major miners dont follow this what happens to the block time at beginning?
It will increase. How safe are the first blocks after the activation?
If economic majority supports UASF, even first UASF blocks are reasonably safe. Non-UASF blocks aren't safe at all, even if mining majority doesn't support UASF in the beginning. You start using exact same arguments as people that want HF and are willing to risk even more. I wish you good luck but running into that big risk open eyed looks very desparate little boy.
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ladixDev, this is for you. I hope you understand how we will win. Let's get busy coding and stop bloviating. Make sure you deeply understand everything I have written in that thread for the past 2 days. Understand everything about money and why OpenShare will win. And so now I have finally butted heads with the richest whale in Bitcoin. ladixDev, your heart wants a meritocracy. So let's go make one. Being angry or upset is not a plan. We have a plan. Understand how everything is changing because we are leaving the fixed capital industrial age. You are still fighting the last war. Let's go fight the current war and we have the power. Coding is power. Use your power now to create meritocracy. In as much as pleasing friends is done to augment your own happiness, that's still nothing else but selfish behaviour !
And it is not incongruent with unselfish behavior when we remove the Prisoner's dilemma of fungible money, which I think is roughly what Nash was trying to say. Great post! Back to health?
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Is everybody fine here with the reduced hashpower == security?
If major miners dont follow this what happens to the block time at beginning?
How safe are the first blocks after the activation?
No, we are not fine with these things. We just try to not waste any more energy on repeating things that are obvious. UASF is not going to work. When the kids "activate" it by tweaking their nodes' software, the bitcoin network isn't even going to shrug on it - it's going to be that meaningless. Mehh, you again. Should not answer all stuff that clear. I wanna see some UASF coins falling...
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