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4861  Economy / Speculation / Re: ! on: March 19, 2017, 07:50:59 PM
It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!
Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!

* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!


1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!

Firstly, node operation does not require SSD latencies. HDD speeds are fine. So 25 bux. Yet... so what? Less than 0.2 BTC? Waaaaaah. Buck up buttercup - those that refuse to invest shall be rightfully cast aside. And good riddance to you too. It would be one thing if you even tried... but... I guess you're just too. damned. insignificant.

..................president............

A president? ... <tardness deleted>

I see you seem to love wallowing in your public display of ignorance. Suit yourself.... imbecile. When you actually absorb the reality, I'll be happy to respond in a more conducive manner.

Quote
Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:

Quote
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

Oh god! I hope he doesn't abuse his power by actually ... ASSIGNING A BUIP NUMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAIIIIEEEEEE!!!!!

A benevolent dictator believer!!! Please enlighten me with your infinite wisdom!  Cheesy

Anyway, the way things are setup, one can be a dictator (president, sic..........) only on those who trust him to be one. Hence, there is no need to talk that much.

Just a note to apologize for my rudeness. I think your stated positions are ludicrous, but I didn't need to be a dick about it. Sorry.
4862  Economy / Speculation / ! on: March 19, 2017, 10:57:24 AM
It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!
Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!

* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!


1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!

Firstly, node operation does not require SSD latencies. HDD speeds are fine. So 25 bux. Yet... so what? Less than 0.2 BTC? Waaaaaah. Buck up buttercup - those that refuse to invest shall be rightfully cast aside. And good riddance to you too. It would be one thing if you even tried... but... I guess you're just too. damned. insignificant.

..................president............

A president? ... <tardness deleted>

I see you seem to love wallowing in your public display of ignorance. Suit yourself.... imbecile. When you actually absorb the reality, I'll be happy to respond in a more conducive manner.

Quote
Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:

Quote
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

Oh god! I hope he doesn't abuse his power by actually ... ASSIGNING A BUIP NUMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAIIIIEEEEEE!!!!!
4863  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2017, 09:45:40 AM
I would say chances that we see a BU-fork in 2017 are 20% at the moment. They need a significant majority in hashpower, something like 80% and that's hard to get.

Last 144 blocks (24 hours):
BU: 43.8%
8MB: 6.9%

Yeah, variance could be a major factor, but that's over half for BU compatible blocks.

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blocksize?

Not at all. See, for example, the recent BitcoinEC effort. Not to mention any branch of Core that simply implements a larger maxblocksize (of course, that would have to keep chasing the emergent consensus)

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blockreward?

Of course. The absolute rejection of the users of any chain containing blocks that deviate from the established reward schedule.

The smartest people in the entire global crypto world are working on bitcoin.

That sounds a lot like the earlier reference to 'American Exceptionalism'. I mean, I don't know different, but do we really think Maxwell and Wuille get a seat at the hall of fame alongside Rivest, Merkel, and Nakamoto?

It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!

Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!

* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!

One thing Woo (and idiot Ver) may not have accounted for is by centralising so much power around themselves they are now major targets for any variant of the $5 wrench attack

Really? You don't think the fact that they each control a hundreds-of-millions-of-dollars prize is reason enough for the rubber hose cryptography treatment?

BU has sorted this out too... A Bitcoin ...President

Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:

Quote
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

oooh - scary! well ... not.



As a side note of commentary on delusion... all y'all are responsible for your own pain.
4864  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo on: March 19, 2017, 08:41:22 AM
How do you like the name "Qrator"?

dorain-not-bad.png
4865  Bitcoin / Bitcoin Discussion / Re: [POLL] Possible scaling compromise: BIP 141 + BIP 102 (Segwit + 2MB) on: March 19, 2017, 08:38:12 AM
I'm absolutely not convinced that miners showing support for BU actually want BU.

Certainly plausible, but it seems doubtful to me. What evidence leads you to conclude this?

Quote
Also, forking at 51% would be extremely risky

Agreed. Good thing the most-widely-distributed 'plan' for BU cutover is 75%. That would be amongst all compatible clients. Including BU, simple 8MB, the upcoming BitcoinEC, and others. Today's support is at 43.8% + 6.9% - looks like we are well on the way to an end to this war. Some will lick their wounds, but I like to think that the victors will be welcoming of all.
4866  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 19, 2017, 08:25:59 AM
I like the longer list. Thanks.

Unfortunate that our unbroken string was halted, but we're still flying high!
4867  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2017, 08:07:01 PM
But will the core wallet works with BU?

Core wallet works with BU. Note that BU and Core are currently the exact same blockchain. Once larger blocks start being mined, however, the Core wallet would require a rather trivial patch (to accept larger sized blocks) to remain compatible with the resulting chain.
4868  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2017, 07:49:47 PM
I have read that Antpool among others are already on board with BU... and are just waiting a unknown threshold to start mining BU and not BTC.

Umm... BU is Bitcoin. Merely with a user set max block size. What they are waiting for is a clear indication that a large enough majority supports this concept of emergent consensus. At which point, all but an intransigent 1% will accept the new paradigm and switch to a larger-block-capable client -- be it BU, patched core, or other.
4869  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2017, 08:25:47 AM
This BTU business is ... Has anyone committed to listing it yet?

Yeah. All the major exchanges have been listing Bitcoin Unlimited since its inception over a year ago. You can usually find it by searching for the symbol 'BTC' or 'XBT'.
4870  Bitcoin / Bitcoin Discussion / Re: BUcoin is officially dead on: March 17, 2017, 06:55:56 AM
The fact that the number of BU nodes is unchanged in light of the above speaks volumes for the type of people running them...

Yes. It demonstrates that we realize that a sub-optimal implementation of the right principles are more valuable than even an unrealizably- ideal implementation of the wrong  principles. For the former can asymptotically approach perfection, while the latter is doomed to forever head off in the wrong direction.
4871  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 04:01:53 PM
If that happens, their code will have to define the protocol which runs the network, right?

As a professional protocol developer (yes, really), I advance the notion that 'big boy' protocols are not defined by a single code implementation. Significant protocols have definitions that exist outside the various tangible implementations of their specifications. Indeed, many significant standards agencies will not recognize a protocol as ready for the big time until such time as there are multiple interoperating implementations from multiple sources.

These rather trivial bugs exhibited recently by BU merely serve to illuminate the problems that may arise when a single implementation is the only implementation of a given protocol. A failure in one implementation is a failure in the entire system. To assume there are not bugs of similar scope in Core is a blindered approach.

Yes, as there has been a resistance within the community to develop a formal specification, we are reliant upon duking it out in the marketplace. Some day, I hope we can move past these baby steps to where we have multiple interoperating implementations from many teams.

In the meantime, a marginal implementation of the better design is far more valuable than any near-bulletproof implementation of a bad design. I continue to advocate BU.
4872  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 05:18:35 AM
ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?
4873  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 05:16:00 AM

Hmm... Bill Murray, I know... Google Image Search tells me 'Groundhog Day' - a movie I've never seen (despite my finding Andie MacDowell (she was in that, right?) a room-filling brilliance). Relevance? You and I have been kicking around these parts publicly since mid-2011 (somewhat longer as an unregistered lurker for me). The movie is something about the same events playing over & over?
4874  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2017, 02:07:29 AM
I'm expected to trust these people with the Bitcoin network?

This is Bitcoin. If we need to trust anyone with it, it has already failed.
4875  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2017, 02:54:26 PM
First of you loudmouths harping about 'crappy BU code' who can actually exploit this so-called weakness is welcome to my stacks.

I have no idea what your jurisdiction is, but aren't you encouraging someone to break the law here? Which... again depending on your jurisdiction, may also be illegal.

My (admittedly drunkenly-expressed) point is... in the grand scope of things, this bug was inconsequential. The only thing at risk was connectivity. Yeah, it was an issue. Now its over. We move on. So what?
4876  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2017, 03:43:30 AM
Mmmmhh hmmm.....
Tell you what, chicken littles... I've got well over a first world salary parked on my BU node. First of you loudmouths harping about 'crappy BU code' who can actually exploit this so-called weakness is welcome to my stacks.

All I ask is that you first announce your attempt. Not that I'll invoke any countermeasures... I just want to make clear how fail-full your attempt is.

All right... who's first to eat it?
4877  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 15, 2017, 12:33:59 AM
Woo-Hoo! We've run the table!
4878  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2017, 03:49:56 PM
Shouldn't miners act always in what is better for higher Bitcoin price (higher rewards for them)? Or is it that for some unexplained reason they think the price would react otherwise?

It's really quite simple. And actually quite obvious. If you lift a stupid production quota that artificially hard-caps the number of transactions Bitcoin is capable of to about a quarter-million per day, then more people can each make more transactions. This is by definition greater utility. Greater utility leads to greater value, and greater value leads to greater price. All boats are floated.
4879  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 14, 2017, 06:48:06 AM
Tomorrow, the current top 20 list is going to be the last 20 days.

Indeed - if we hit it, it would be an unbroken string since 2017 Feb 23.

dorian-not-bad.gif
4880  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2017, 08:22:20 PM
But, but, but why is price going up? SEC rejected Bitcoin! It must vanish and disappear in matter of days!

Perhaps all the outsiders have figured out that there will not be an ETF to make it easy for them, and are buying in directly.

Yeah... seems to quick for that.
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