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881  Bitcoin / Bitcoin Discussion / Re: Punching Boy on: November 05, 2015, 04:40:44 PM
Quote
“No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

From CEO to prophet, that's quite a resume.

The part you quoted (I haven't bothered to read the entire article) sounds reasonable enough to me.
882  Bitcoin / Bitcoin Discussion / Re: Psychopaths trying to control Bitcoin! on: November 05, 2015, 04:36:16 PM
http://meaningness.com/metablog/geeks-mops-sociopaths
883  Other / Off-topic / Re: Nero vs Windows burner on: November 05, 2015, 07:00:54 AM
I don't use cds any more, usb and mobile phones are the new way, transfer the files to your phone and you can share them whenever you want. I used nero a lot in the past and i was very satisfied with it.

M-Disc is specifically designed to avoid data rot.

I would imagine OP isn't all that interested in sharing his wallets.
884  Other / Off-topic / Re: Nero vs Windows burner on: November 05, 2015, 06:58:28 AM
I am going to burn some wallets on to M-Disc DVD's.

I hope the wallets are created and burned on an air gapped machine.

In which case you should just use the burning software that comes with the OS.
885  Other / Off-topic / Re: Are you insane? on: November 05, 2015, 06:56:04 AM
I'm not...

...but everyone else is.
886  Economy / Speculation / Re: All-in, bulltard, this is Gentleman, HODLER ONLY Thread on: November 04, 2015, 06:10:39 AM
Sup.
887  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core on: November 04, 2015, 05:54:38 AM
...
I'm hoping that someone creates this client (which has happened) and starts mining on it without getting any percentage of consensus from other mines/users (which has not happened). If they are so sure of themselves, I don't understand why this hasn't happened yet. If you build it, they will come. Then we don't need to argue about the merits of small or large blocks anymore, we can simply vote with our wallet.

There are people running Bitcoin Unlimited today.  Bitcoin Unlimited is Core without the block size limit.  It will follow the longest chain composed of valid transactions, using the consensus mechanism described in the Bitcoin white paper.  The reason it is not forking with respect to Core is that the longest chain presently contains only blocks smaller than 1 MB.  In the future, if the longest chain includes blocks larger than 1 MB, then these nodes will follow that chain thereby forking off the Core nodes (assuming Core doesn't increase the block size limit too).  

At the moment, I don't think any miner would dare to publish a block greater than 1 MB because it would almost certainly be orphaned (even by nodes running Bitcoin Unlimited).  It would only make sense to publish large blocks when miners are confident that the majority of the network hash power would build on top of them.  

Yes, I'd like to see someone start mining a fork with > 1 MB blocks. If everyone who wants big blocks now invested some money into mining hardware and just went ahead and did it, I'm sure some existing miners would join and we'd have ourselves a fork and an end to these seemingly endless discussions.

In fact, to make it easier for miners to decide (or remove them from the decision entirely), Bitcoin unlimited should be capable of being merge mined. Wink
888  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core on: November 04, 2015, 05:23:40 AM
Because those running the show right now is the economic majority which means big market makers, those who sell the biggest amount of coins to the public. If they do a move, miners will follow, there is no doubt about that but these guys are being cautious and therefore slow to move. A bunch of them have settle December as a dead line back in August and now, as we approach this deadline and as the block are being full and the economic pressure is building up, Coinbase (which have received the largest investment) is now stepping up stating they will lead the move keeping the same date. It will happen, one must get prepared.

How much of Coinbase's liquid assets are actually in bitcoins? If I had to guess, I'd imagine them to be a company which functions fully on fiat besides their operational requirements.

I suppose Gemini, with the information I have (twins own a lot of coin), is actually part of the economic majority, but I'm not so sure about other "Bitcoin" companies. It would be interesting to know how many of them are actually part of the economic majority.
889  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core on: November 04, 2015, 05:04:44 AM
Well technically the old fork will still be usable but I fail to see why would anyone use it if the coins can't be traded anywhere.

I currently control funded Bitcoin private keys. If XT ever happens, I will then have XT coins. You posit that these XT coins will have value, no? I will offer them (post XTainting) in exchange for non-XT coins. Since XTcoins have value, my offer will be accepted by someone. It's that simple. If I'm not the only one willing to make this exchange (and I am guessing that I am not), we will have a market and an exchange rate. Miners will find a way (possibly even through merged mining) to mine both coins to their profit.
890  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core on: November 04, 2015, 04:56:18 AM
I say this with all sincerity to those who want bigger blocks now. Please fork already instead of this constant posturing! Fork the code. Mine your fork. Trade your forked coins. I wish you all the best, and would prefer the community split along these irreconcilable lines.

Do it! Let the chips fall where they may.

Stop talking. Do.

You've been here long enough to know how Bitcoin works, there are no forked coins to trade only Bitcoin. And only Bitcoin on the longest chain is valid.

When small block cause Bitcoin to fork Bitcoin won't become an altcoin.
.

If there is a client coded which creates blocks that other clients do not accept as valid and there is mining being done using both clients, there will be a fork. If mining continues on both sides of the fork, both sides will continue to exist. If you create a transaction with an input which is only valid on one chain, and the rest of your coins, you will have separate coins on both chains. If someone is willing to trade other things of value for coins on both sides of the fork, there will be an exchange rate between the two.

I don't care which side of the fork gets the name Bitcoin and which side of the fork gets the name "random altcoin", I only care about the rules of the protocol.

I'm hoping that someone creates this client (which has happened) and starts mining on it without getting any percentage of consensus from other mines/users (which has not happened). If they are so sure of themselves, I don't understand why this hasn't happened yet. If you build it, they will come. Then we don't need to argue about the merits of small or large blocks anymore, we can simply vote with our wallet.
891  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core on: November 04, 2015, 04:07:18 AM
People on these forums and the /r/bitcoin sub-reddit are being misled to think Core devs are maintaining "peace" by their use of censorship, when in fact they are orchestrating the censorship to intentionally cripple Bitcoin so they can provide the solution. Can anyone not see that?

There will be no peace. There are two sides with irreconcilable differences. The only solution that will please everyone is a fork.

Both sides can get exactly what they want with a fork (unless what they really want is to drag the other side with them kicking and screaming).
892  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core on: November 04, 2015, 02:01:49 AM
I say this with all sincerity to those who want bigger blocks now. Please fork already instead of this constant posturing! Fork the code. Mine your fork. Trade your forked coins. I wish you all the best, and would prefer the community split along these irreconcilable lines.

Do it! Let the chips fall where they may.

Stop talking. Do.
893  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 03, 2015, 03:46:59 PM
I bought 0.00000000 BTC when I first learned abot bitcoin -- in nov/2013, when the price was ~1200$.  So, even though my investment was fairly modest, and (as you already know) I have been able to double my holdings every day since then, I am still quite disappointed by the loss of almost 70% of the money that I put into this coin.

Time is money and you've invested plenty. I hope you are getting good returns on the time you've invested here.
894  Bitcoin / Bitcoin Discussion / Re: Best current cold storage method on: November 03, 2015, 02:12:41 AM
just multisig, cold storage is so 2011

If you create your private keys on a compromised networked computer, it doesn't matter how many of them you create. Wink
895  Other / Off-topic / Re: I Am Very Very Scared on: November 03, 2015, 02:03:04 AM
This dude has been trolling the forums for ages now. This is like the 40th incarnation of him that I've had to ignore because he uses a new account for every thread.

896  Bitcoin / Bitcoin Discussion / Re: Seperate bitcoin from the internet (in the long term) on: November 02, 2015, 01:02:12 AM
What the world needs is a functional global wireless mesh network.
897  Bitcoin / Bitcoin Discussion / Re: How many people REALLY use bitcoin on: November 01, 2015, 04:38:01 AM
Every day I use Bitcoin to keep a portion of my savings secure.
898  Bitcoin / Bitcoin Discussion / Re: Is it completely legal in the US to buy BTC on one exchange and sell on another? on: November 01, 2015, 04:34:41 AM
Yes (as long as you do all of the appropriate reporting and pay your taxes).

IANAL.
899  Other / Off-topic / Re: Unobtrusively Anonymizing the U.S. Postal Service With Smart Contracts on: October 31, 2015, 03:55:27 PM
Privacy issues aside, I assume the main reason for wanting to ship a package anonymously is because there is something inside which could get either the shipper, the receiver, or both, in trouble with the authorities.

So, now you've created an entire chain of people taking that risk! I don't see any reason for a peer to participate in such a network, but I do see a huge reason to avoid participating. Maybe I'm missing something?

Also, I don't know what this has to do with Bitcoin Development and Technical Discussion.
900  Other / Off-topic / Re: Video game suggestions? on: October 30, 2015, 03:37:03 PM
Honestly though, video games are so pointless.

I'm not trying to be mean.

Video games are just a form of entertainment. Everyone needs a way to blow off steam.

Perhaps you should consider your audience if you don't want to come off as "mean". This is a forum filled with computer geeks (in fact Bitcoin mining used to be done with hardware specifically designed for computer gaming). Telling them that computer games are "so pointless" is probably not going to earn you any friends. I'd imagine that most of the users here think that jewelry is pointless, but they probably don't go to jewelry forums to share their opinion. That would be a perfect example of trollish behavior.
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