If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete. In reply to this argument. Let's imagine we had hard forked to 2mb and the limit was reached. The Bitcoin price would be between 2-3k PER COIN right now. The Market cap would be somewhere around 40 BILLION. Ethererum, Dash and Monero would be WAY down, they definitely wouldn't be hitting their highs right now. We'd have 2x the amount of transaction throughput which means there would be far less mempool backlogs, less network congestion and lower fees, which would overall create a MUCH better user experience. In other words, it's a GOOD problem to have. But you crybaby pussies, who apparently think 2017 tech can't handle >1mb, have forced the rise of altcoins, and have irreparably damaged Bitcoin's % of marketshare, and now markets are switching over to ethereum / dash / monero. It's EFFING RIDICULOUS. These are UTTER FAILURES from a business perspective. It is also an utter failure from the perspective of User Experience. This is why one can only conclude that Bitcoin Core has failed completely in leadership, tactics, and effectiveness, they don't even seem to care about the user experience. All in the name of creating a "fee market" which is not yet needed, and won't be needed for a few more decades down the line. BU at this point is the only thing that can really save bitcoin. Fork it already! The time has come. ^bitcoin will live on beyond BTU !!! lmfao!!! :-D |
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What about it? What implications are you trying to get at?
Larger blocks require more resources which harms decentralization. Indeed, but technological resources are increased over time, thus allowing higher capabilities at same costs (over the years). As I wrote a few posts ago, in 97, my bandwidth, cpu, storage, ram, was 1/1000th of what I now have. My pc could probably process ...1kb blocks back then... now 1mb... in 20 years, maybe 1gb. Satoshi never intended for the 1mb to be set indefinitely. He said, we'll raise it when needed. Obviously you don't want to have too much, because then it hurts in decentralization and leaves the door open for spamming the blockchain. It just needs a proper balance. I think the choices that exist right now may not be enough to gather a good consensus (like 90%+) which may in turn create the need for a new proposal. - BU is trash, nobody in their right mind wants it. - Segwit will not get adopted because it increases "complexity" and it makes some miners uncomfortable (translation for: "I like the bitcoin I know, I don't want it to change, with the remote chance it introduces unknown risks") So, given that neither will go ahead, we'll have to make some other arrangement like a 2mb upgrade in the short term, if we don't want to stick with 1mb. But this option doesn't exist right now and should be programmed and provided by core (=reputable source of code). ^2mb limit IS ONE LINE OF CODE!!!! :-D ~n00bs!!! bwaahahaha |
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It's already the people with the best hardware that make the most money. This is part of the design. It is not a flaw or anything new.
I'm not speaking of mining. Also, to play your game. It's already the people who pay the highest fees that get fast confirmations. This is part of the design. It is not a flaw or anything new. ^i can accept grown up fees thats cool pay the miners a bit more to upgrade their equipment to 2mb threshold...keep calm and /\BTC  |
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Good morning Bitcoinland.
I see the panicking has slowed down and the price is back in 4 digits... currently $1046USD (Bitcoinaverage).
I hope everybody stocked up when the price was so low. Once again, dip-buying holders rewarded for their patience.
The bounce back up was so sudden it makes me wonder what sparked it. Jihan Wu suddenly come to his senses?
At least the market seems to have come to its senses.
Now maybe al the FUDsters, trolls and alt shills can crawl back into their holes.
^everything is fine jimbo ~ and i found adam and the rest of the btu trolls i love this!! :-D * altbitcoin are heading into space** |
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I'm starting to truly believe that about 85% of the blocksize debate spammers here and on reddit are just alt coin shills hoping to spread FUD and get cheap bitcoins.
^there really is no debate we are raising the blocklimit to 2mb end of discussion !  |
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Segwit First!
^screw seqwit+ screw btu ... lets just increase to 2mb and get on up to $2000 ladies?  |
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BTU is an altcoin folks ..BTC is the real bitcoin... any questions? |
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_V_#vice channel #bitcoin show #1st season when? :-D
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Maybe it was unnoticed, does anybody know the current size of ETH blockchain? Thank you in advance.
What's the problem? Next fork will deal with it. You realize ETC has planned forks too, right? I would think at this point the idea of a chain forking for upgrades would be pretty normal. What are you trying to get at with your fud? ^what is $ETC and where is her github page? |
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O so much doom.
The real professionals always knew the ETF was never going to happen and they knew perfectly well that they could prey on that once the expectations ran out. Chuck in some forking fun and hey presto thousands of 'traders' will thrust their coins into your hands at an agreeable price.
Me, I'm off to the Isles of Scilly for a few weeks with a tent filled with luxuries to see what the real world is like. You're all invited but bear in mind that I snore like an elephant seal's death rattle.
~the funny part is the spin doctors don't even get the joke!!! :-D bwaahahaha |
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home run? are you kidding? !!
Captain Obvious says those answers better than the obvious ones!
GRAND SLAM my friend!! sending 3003.141592 tek on stake day
Very much appreciated Captain Obvious! I feel like the luckiest individual in the world right now! I will take good care of every single TEK, they are in good hands. ^who keeps buying tek i just bought more but why is it under 10 satoshi? lols :-D incredible~ It needs some utility.  TEK @ 9satoshis we have the new website will be up next week or so that will be like amazon of crypto TEK will be a good coin it will grow big! :-D |
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WHO MADE THIS FAKE NEWS OF FORK??? LMFAO  |
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^facebook is BANHAMMERED from the official TRUMPCOIN team since like three weeks ago ask skirmat the wallet builder dev!! **fyi |
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tl:dr ~ there is no fork only more shitcoins! +1 |
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Thanks for the answer.
Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?
We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds. Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members. ^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D *why one token = 1btc im not seeing people buying this...zzz  It's not 1 btc = 1 Scarab, the auction for the first Scarab Token started at 1BTC and goes down until purchased. It's currently at .0081 BTC for the Token. You can see the current price here http://coinvend.io/scarabWhy the name Scarab? In Egyptian the name for the Scarab is translated as hprr, meaning "rising from, come into being itself," close to the word hpr, wich means "to become, to change."* *cited source: "ANCIENT EGYPT." McClung Museum - Egyptian Scarabs. N.p., n.d. Web. 01 Mar. 2014. ^have you even looked===> ========================================================== The Scarab Token Vending machine. A shared artist persona for anyone to become, learn more @ http://thescarabexperiment.orgThe 1st Scarab Token is now available! The price starts with 1 Scarab Token for 1 Bitcoin, if it doesn't sell the price will automatically go lower until it does. Once it sells that will set the price for the rest of the Tokens and the rest of the 40,000 Tokens will then become available here. ========================================================= where are you seeing .0081?  |
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Thanks for the answer.
Since there is no escrow for the money raised and you have not shared your real world identity, how can you reassure us that this isn't just a scam for you to take the money and run?
We have not hidden our identities and in some venues they have been shared, but for the most part the Core members would like to remain away from the spotlight to put the focus on the artist, Scarab. We have been working on this since 2014 and we have no intention of leaving this project or running away with any funds. Each Scarab Token represents membership into the community for participation in voting and creating art. The cost of one token is still yet to be determined but it currently will be less than .009 BTC approx 11 EUR or 10 USD. We decided against an escrow because our best outcome is if each Token is owned individually, which limits the amount of risk one would assume by purchasing. If you wish to purchase many Scarab Tokens for potential profit gain that's an assumed risk that you have to take with virtually every cryptocurrency regardless of who they have as escrow or identify as their team members. ^let's see some of this artists' work "Scarab" is a masonic symbol ~ :-D *why one token = 1btc im not seeing people buying this...zzz |
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>>
Once this line of BS fails, and it will, the next wave will be direct head-to-head Bitcoin competition: Gov't sponsored/endorsed Bankcoins, and eventually Bankcoin ETFs.
Believe it. You read it here first.
nope they already have that it's called credit/debit cards! |
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^the only issue here is that lightning network scheme is gambling on the blocksize staying the same! These guys have infiltrated the core development team and are digging in to battle the idea of raising it because it will undermine their efforts for the push to offchain transactions...~i say raise the limit to 2mb already! :-D |
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As you are so vocal about BU, let me ask you one question:
Would you accept if segwit would be in effect in the following six months and forget about all that BU nonsense at least for some time being? If not, what about segwit + 2M blocks? Or is this all about that you guys insist in that all present and future transactions have to be ALL done in main Bitcoin blockchain?
Why not do this? This should appease everyone am I right, at least does the time being. And from now until when/if we need bigger blocks than 2MB the community should have a good handle on if they are needed or not. This seems like the most logical objective compromise to me. ^2mb or 2.3MB(via segwit) is what these chumps are beefing about...i mean really? :-D lulz |
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Hey gang. I heard someone mention something about blocksize and Bitcoin.
Does anyone here have an opinion on this?
^raise price to $2000 and blocksize to 2mb... ~now pay me! ha |
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