Bitcoin Forum
June 19, 2024, 05:05:47 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 ... 223 »
501  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2015, 07:35:15 PM
yea, mySQL databases does not need tokens.

Their digital tokens will be represented in USD and Euros primarily. For the time being these provide relatively stable forms of currency with low volatility(although the euro was more volatile than bitcoin week to week for the first 2.5 months 15' when it radically dropped in value) but just make sure you spend those currencies quickly as they aren't stable long term stores of value.

Not quite.

Banks, so far, are not trying to digitize currencies but titles which is pretty much the difference between Bitcoin the asset and their databases.

502  Bitcoin / Bitcoin Discussion / Re: Transactions speed prevent us from going to Mainstream ? on: November 22, 2015, 05:49:55 PM
Yeah, I think so. The transaction times are quite high and I think that it is one of the reasons Bitcoin is not mainstream yet. Some of my transactions have taken more than 1 hour to process. But normally it only takes around 10 minutes which is not very long. Another reason Bitcoin is not mainstream, is that not enough places accept Bitcoin.

Well it is up to you if you really want to wait for one or more confirmations. It should not be needed with a high enough fee. Of course only when you look at the real blockchain, preferably on your own computer or smartphone. Not looking at a blockchain the other party is showing you.

Maybe bitcoiners should handle ans communicate this topic more. I mean bitcoiners mostly speak about waiting for confirmations though it should not be really needed for most amounts. That might give the impression of bitcoin being slow. While in fact it is only MORE safe with one transaction. And like with banks, you only need higher security with higher amounts of money.

If you don't bother with security (small amounts of money) why use Bitcoin?

What's so wrong with spending fiat and saving Bitcoin?

Why do we have to pretend that Bitcoin has to be used and is better in every aspect? It's not. In fact it's frankly lacking in terms of convenience and daily usability.

Gresham's law is not going away
503  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2015, 05:44:00 PM
Bitcoin doesn't need its name attached with fiat failures hanging onto VC life support.

Businesses abandoning BTC is actually good for Bitcoin.
More Bitcoin businesses only lead to more bitcoin spending, -- the exact opposite of Bitcoin hodling, which is what gives Bitcoin value and  what everyone should do.

BINGO  Grin

Not all business is bad for bitcoin. I just thought of a great one:
1. Buy an old vending machine. Any kind will do, 'long as it accepts foldin' money.
2. Print up paper wallets with $5 - $50 worth of BTC.
3. Stick them into whatever packaging your used vending machine was designed for -- empty soda cans if Coke machine (throw a handful of sand into empty cans along with BTC. Weight is important for flawless operation), wrap wallet (along with small twig) in tissue paper if candy bar/general purpose machine, etc., etc.
4. ? ? ?
5. PROFIT!

6. HODL!!
504  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2015, 05:09:58 PM
Woud you have sold shares of the Federal Reserve early on?

"But, butttt Satoshi told me I can send it all over the world!"

"Not tonight, dear"
505  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2015, 05:07:51 PM
Bitcoin doesn't need its name attached with fiat failures hanging onto VC life support.

Businesses abandoning BTC is actually good for Bitcoin.
More Bitcoin businesses only lead to more bitcoin spending, -- the exact opposite of Bitcoin hodling, which is what gives Bitcoin value and  what everyone should do.

BINGO  Grin
506  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2015, 05:01:36 PM
Chris Odom really nailed it in his presentation at the Bitcoin Investors Conference.

"Everyone is still building 20th century financial institutions with the words "bit" and "chain" and "coin" in their name. And they are going to get disrupted by the very technology they were supposed to be spearheading."

Yep, fiat parasites masquerading as Bitcoin businesses.
507  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2015, 05:00:27 PM

+1

Bitcoin doesn't need its name attached with fiat failures hanging onto VC life support.
508  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 08:55:37 PM

Oh yeah, the whole "you're just not ready" excuse  Roll Eyes
509  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 08:41:59 PM
It's amazing to see what uncontroversial technical consensus looks like:

BIP65 a week release of supporting version



Now compare BIP101/XT after 3 months


source: https://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a

Great contribution to this thread! Deserving of the #REKT stamp of approval

510  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 08:32:22 PM

In any case-- I suggest you stop thinking in terms of finding ways to "force" people to do things; it's unbecoming.

The market will force the centralized dev team to raise the limit. That is my prediction. If you decide to prolong the stalemate ("which is the preferred outcome of bitcoin core" according to your cheearleader iCEBREAKER, the ad hominem warrior), your influence will be marginalized. The market will not be forced to follow the devs of one company any longer. The tide is turning.



Core running at full steam while XT's spiritual leader just rage quit and the "Unlimited" team of Lolcows can't even figure out what the hell it is they're trying to do.
511  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 08:18:58 PM
No, xapo did it before. Those are the market players who will enforce big blocks next year. Zero chance for the steam blocking trolls.

Do you enjoy sucking up to the bankers?

Are these the leaders you trust Bitcoin with? Larry Summers, Citibank & Visa?
512  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 05:12:59 PM
I want to apologise to Ice and Berg and anyone one else that I may have had a pop at on this or other threads.

Is anyone else struggling to remember the above? Not saying it didn't happen, bett, but you're possibly being a little too hard on yourself  Huh

 Cheesy

I also think he is. To his merit he never quite reached my & Ice's level and as far as I remember remained somewhat cordial although had his share of snarky comments  Grin
513  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 05:05:46 PM
I want to apologise to Ice and Berg and anyone one else that I may have had a pop at on this or other threads.

I still remain of the opinion that block size increase (sooner rather than later) should happen. Circular arguments for and against by either side have been done to death, so lets agree to disagree.

What I wanted to apologise for though, is that in previous discussion I have assumed bad faith from those who may hold a different view to me. The one thing we all share is a desire for bitcoin to succeed. Despite 'bitcoin succeeding' meaning different things to different people. When one feels passionate about something it can be hard to not let emotions cloud your thinking. My passion go the better of me, I got caught up in the squabble. I realised it wasn't helping so I took time out to reflect and think about what really matters. That's why now I am posting again.

I think the argument is stupid and pointless, the animosity it generates amongst those on this forum is of no benefit to anyone, this is not a criticism of one side, its criticism of everyone involved including myself.

Furthermore I don't think the kind of discussion going on here or in any other thread is an accurate representation of the reality of what is going on amongst the people that actually matter (devs), regardless of how much one side may try to vilify those devs on the opposing side, or pick over posts to try and mischaracterise their position. I think the truth is probably far more mundane, and that the internet's "drama amplification unit" is in full effect.

I think what will be will be. I think we'll get bigger blocks and I think we'll get sidechains. I think they are both necessary and most certainly not mutually exclusive, in fact I think they are symbiotic in nature, and both crucial to the 'success' of bitcoin whatever that may be defined as. I think you need them both whether bitcoin is a settlement layer, or is used for buying your coffee.

I think I have been just as bad as everyone else. I am human, fallible, sometimes driven by emotion and that they got the better of me. Crucially I hope I have the strength to learn from this and not get caught up in it again.

So, flame on, warriors! Wink

That's appreciated. It's pretty normal to have emotions involved since we are all very much invested into this thing. Allow me to return the apology for whatever flaming I might've participated in  Grin

I always considered you a sane person and was a little befuddled to see you get carried away by the FUD of other propaganda artists who deserve much more blame.

It's understandable to have a differing opinions on the issue of the block size but please make sure you don't lose your mind like these guys over there: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-115

Quote
for a core dev like Todd to say this, "Indeed, which suggests Bitcoin is poorly designed" is truly outrageous and suggests he should resign.
Quote
and the 2 DevCore video presentations by Corrallo and gmax had the same attitude; Bitcoin is fragile and flawed. gmax said Bitcoin is controlled by 3 ppl. imagine that. what a jerk not to mention poor steward of the code. i'm outraged at these idiots.
Quote
Just intuitively, if I were to guess what elements in the space were agents tasked to disrupt, the top of my list would be Peter Todd, Btcdrak, and John Dillon. I.e., Todd and two obnoxious anonymous randos that regurgitate his talking points nonstop.
Quote
They can see their vision for btc slipping away from them.
Quote
Seriously, I now see losing gmax & ptodd (and adam didn't contribute any code anyways) and their certainly valuable contributions in the past as much less of a problem as their toxic demeanor of being the arrogant and centralized self-elected 'Bitcoin wizards'
Quote
Yep, the Blockstream core devs have got to go. They've betrayed all of our trust.



514  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 03:22:04 PM
We've yet to average over 750kb on the weekly.
750kb is the limit of a 1MB block. We are already at the limit.

 Huh

I'm not sure that's what the article (from Jan. 2015) implies..

Did some miner self-enforce a 750kb soft limit? Yes.

Is the effective limit 1MB? Absolutely.

I mean we're seeing blocks above 750kb on a daily basis now...
515  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 21, 2015, 02:28:26 PM
Silly arguments by meme carry no weight. Even though this is not a new development it is an aspect of centralization due to small blocksize. I have always argued that centralization pressures exist when the blocks start to fill up.

 Roll Eyes



We've yet to average over 750kb on the weekly.

What "impact" exactly is this FUDster referring to? Don't you think it's possible he's merely using this propaganda to steer customers his way?

There's no such thing as "reliance on third party". Everyone is free to transact on Bitcoin's blockchain if they choose to, as long as they pay the necessary fee.

I'm curious what advantages of transacting over Bitcoin's blockchain do you prefer over LN?

I'm guessing you don't care for micro-transactions, increased privacy & instant settlement?
516  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 20, 2015, 06:21:29 PM
Small blocks will lead to fee market!

http://www.ibtimes.co.uk/bitcoin-giant-btcc-launches-priority-blockchain-transactions-its-customers-1529730

lol NOPE.

Quote
BlockPriority prioritises all BTCC's customers' transactions, including those who pay zero transaction fees. Customers who pay lower transaction fees on other exchanges or wallet services may have to wait before the bitcoin network confirms their transactions, said BTCC.

Don't see where the problem is.

Regular users needing prioritized transactions can simply pay higher fee.
517  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 20, 2015, 01:28:33 AM
This whole comment of Gmax laying the beats on Mike deserves its own post:

https://www.reddit.com/r/bitcoinxt/comments/3t21dh/dangerous_homebrew_cryptography_in_blockstream/cx586r1

Quote
In your post you appear to be blaming other people for the failure gain adoption for the Bitcoin XT agenda. Success or lack thereof on this matter is your responsibility not anyone else. You've already gone way over the top on the deceptive and hostile rhetoric, making low and outright misleading arguments, constant appeals to the press after almost universally the technical community analyzed and rejected your extreme positions, all to little effect-- while for the most part we've just quietly endured the defamation and insults. Against dozens of press articles and blog posts you've written attacking me, the developers of Bitcoin core, the many people at my company, etc.-- you will find nothing like that from me (just some arguments with you 1:1 in Reddit threads and mailing lists). You are not going to bludgeon or badger people into performing changes they believe are harmful in their own software; not by yourself and not through any number of violent threat-issuing sockmasters that your passionate blog posts reliably stir up. You are already free to copy changes made to Bitcoin Core, please stop acting like that gives you license to dictate what goes into it and how we spend our time. At this point I don't think anything more productive than this can be said: If you don't like it, then I beg of you please don't use it just as you have been insisting to others that they shouldn't.
518  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 20, 2015, 12:16:44 AM
Many are missing that Bitcoin can be useful to many people and entities while it is decentralized.

So it can even be useful also to banks.

There is just one entity on the entire Bitcoin system that gains from its current centralisation.

consensus is the new centralization.

the Bitcoin community is united in getting rid of deception artists like Mike Hearn and so far this block size debate has proved successful in purging the most toxic actors out of this ecosystem.

what a fantastic time to be alive, don't you think  Smiley
519  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 19, 2015, 09:37:32 PM
Nothing to see here. The cheerleaders of the Judean Front National still believe to represent Bitcoin. Unbelievable.
Even in the censored subreddit Mike gets the most upvotes.

... sounds like you're another footsoldier for BankCoin, report to Hearn for duties.

BS. A BankCoin is no competition to a permissionless p2p coin.

Tell that to Mike, he's given up on Bitcoin already.
520  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: November 19, 2015, 08:59:29 PM
Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
Laugh all you like, I would like to contribute to Bitcoin unlimited if I can. We need more alternative implementations for people to choose from. Bitcoin unlimited aligns better with my beliefs then Core presently does.

https://bitco.in/forum/threads/bitcoin-unlimited-ideas-arguments-and-proposals.123/#post-2903

Bitcoin Unlimited is a bunch of fluff who will never see the light of the day. Good luck with that.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 ... 223 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!