[I guess July 18, 12:01:01!]

ETH community are busy building something remarkable.  Bitcoin people are busy arguing like pussies for three years while making no progress at all.  Very soon ETH market cap is going to pass the Bitcoin market cap.  Guess the date and win a prize!!!  

Presently: 43 / 35.  ETH is now 81% of Bitcoin's total market cap value.  It won't be long now.

I guess July 18, 12:01:01!  

Is your wallet really in a safe place?  These guys thought so too.  Residents of this horrible London fire have already reported a HUGE bitcoin loss.  1,734 bitcoin on a paper cold wallet were destroyed today.  Make certain you have smart backups. 

Will Adam Back and Greg Maxwell forever be known as World Class Epic Fuckwits for all of time due to the fact that they alone ruined Bitcoin pretending they didn't hold the keys to settle the impasse?

There is a clear and very serious risk the Greg Maxwell will forever be known as the guy who fucked up and ruined bitcoin finally.  It looks like ETH will win this battle and everyone will soon be moving over to a system far better managed. 

As wonderful as everyone thinks Satoshi is/was, Greg Maxwell will be / is reviled with equal magnitude. 

I think that is kind-of funny. 

Now those clever fuckers at Blockstream seem to want to concede somewhat.  However, SegWit with 2MB does NOTHING to get rid of the real problem.  The real problem is a private takeover of the blockchain to support Blockstream's view of the future where they charge you money to use their private 'side chains' to the disadvantage of the network's miners.  This is a wholesale diversion of funds away from network participants into the private pockets of big investors. 


SegWit with 2MB will be marketed as an improvement in capacity.  However, it will only serve to let the boys at Core continue to build toward a private 'off chain' system owned and controlled by Blockstream.

Fuck Core/Blockstream and their SegWit2MB

You guys ruined it all.  Bitcoin is now fucked and getting more fucked everyday.  I think the end in near.

The experiment taught us many valuable things.  Now it is time to back the fuck up and start over with some more workable parameters.  

Let's start with a new genesis block.  A more sane approach to mining.  Much faster block time.  Much higher capacity blcoks.  And no god-damned Blockstream dickheads trying to take-over and own the whole thing.  We need some real organization at the top.  Otherwise, Trump is going to create the Department of Homeland Cryptocurrency and electronic money will be forever controlled by the same politicians just like the last currency.  

No more fucking around with theory, it is time to put this thing right.  

Get rid of that poison team Adam Back and 1 Meg Greg.  Team Core is Team Bullshit.  

[the]

Looks like R3 is biting the dust big time.  Private blockchains don't work.  $59 million spend and they finally get it. 
https://cointelegraph.com/news/we-dont-need-blockchain-r3-consortium-after-59-million-research

However, extended functions on the blockchain, the Bitcoin blockchain, have infinite potential.  So-called 'layer 2' projects remain a clear path to some very exciting function. 

The Omni Project remains an important extension of Bitcoin.  This has quietly been being built over years without pump and hype.  These systems will crush stupid efforts like R3 because they are coupled with the real blockchain.  They make Bitcoin better and more powerful.

Presently well over $100M in assets (e.g. MaidSafe, Tether, et cetera) are running on this platform.  It remains the first, and still largest layer 2 platform. 

Go to Poloninex and get a few Omni now.  5 years from now, you'll be laughing your head off.

CounterParty is similar.  They build on and extend the real blockchain.  Unlike R3 who failed to understand why private blockchains are little more than very inefficient databases. 

Just before Hearn left he floated Bitcoin XT as a scaling solution.  While it got a significant showing of 'votes', it never really took off.  A major reason was due to all the DDOSing of XT nodes. 

This is pure and simple corruption.  If we are taking a vote, we have to let the vote be free and fair or we won't know the true result.  The Blockstream team is full of this kind of corruption and BS.

Same goes for this forum.  The heavy censorship here is totally corrupt.  They were trying to silence any opinion against SegWit. 

Even if I loved SegWit technically, even if it did provide some good advantage, I wouldn't go that direction.  The people behind that side of the story have repeatedly proven themselves untrustworthy.  SegWit/Blockstream/Core/Lightning are corrupt.  They will lie, cheat and steal to take over the network.  I don't want them in charge. 

We need to get Blockstream out of the Core influence.

[Bitcoin is finished.]

It is over folks.  The Bitcoin has now 'jumped the shark'.  

Because the transaction fee is now >.40USD, bitcoin transactions are more expensive than Visa swipe fees.  

Core has successfully forced a fee market of very expensive transactions by preventing others from increasing transaction capacity via larger blocks.  Satoshi wanted big blocks.  Yet, core has wrestled control and forced an unnecessary limit to block size thus creating their fee market.  All this with the idea of later providing relief via an off chain fee to go into their pockets.  Lightning is years away and fees are only going up from here.

Bitcoin is finished.  

If 95% signal SegWit - then it goes active.  By what definition is this 95% = 'consensus'?  Who said this?  What if the 5% don't agree with the 95% rule?  What if they only reach 87% and change the rule to 85%?  Where is it written that consensus is 95%? 

Of course the real number is 51% and some time after a fork to settle which is the dominant chain.  95% is such an artificial thing. 

Two years ago he threw a bitch fit and said if we don't increase blocksize, the network will die.  Now, Circle is taking their $138 million and leaving along with many, many others.  The congestion has jammed up the network and it is no longer useful.  While we still have our pure values of decentralization, we also have a dysfunctional system that no longer serves many of the original intents. 

We should go to 8MB today.  Keep building LN so we don't have to one day go to 16MB.  That way, all involved in making blockchain projects will stay with Bitcoin instead of running away to other FinTech like Jeremy Allaire. 

We CAN have it both ways!  8MB is the new 'small block'.

Why does everyone just stand around doing nothing while nullc / Blockstream / GMax takes over Bitcoin?

You guys are missing the most important aspect of Bitcoin.  The scaling debate is being done by people who don't understand Satoshi or Bitcoin. 

We don't have to settle which is the best path to take - either large blocks or small blocks.  In fact, deciding on either and leaving the other is FREAKING DANGEROUS!!!!

The way Bitcoin is supposed to work is we test both possibilities at the same time.  We run an BU experiment at the same time we run a SegWit experiment.  One will kick-ass, the other will fail.  We don't need to sit around for 18 months arguing about why one is bad and the other is good. Instead, we just run both systems and examine the result.

It's called a 'fork'.  A fork is not bad.  Forks are good, necessary and important.  Preventing a fork also prevents us from discovering what would happen on the other chain.  We need this valuable information. 

Not forking is stupid and dangerous.  Please fork now.  BitcoinA and BitcoinB.  Next year, we will have certainty as to which system is better.  We've been guessing why the 'other' chain is going to fail for years now.  We need to stop arguing about it and do the experiment.  Fork the chain now.  No more stupid control by GMaxwell/Blockstream.  This is precisely what Bitcoin was supposed to prevent. 

Not forking is bad.

Sometimes it appears to be a little of both and neither.

Changing a few lines of code to remove a temporary limit (1MB) is a tiny change to return to the original bitcoin. 

SegWit is a ridiculous AltCoin.  Segwit is a piece of garbage that barely improves transaction bandwidth and comes with a very high price of having to recode a bunch of stuff for all users/wallets/etc. 

How in the world did anyone every believe SegWit was a good thing? 

We need 8MB now.  Let's get back to the original bitcoin.

Carl Ferrer of BackPage which uses bitcoin - up to $3.1 million in one week as a payment means got arrested for sex trafficking of a miner and will be sent to California for prosecution.  He could get life in prison just like Ulbricht.  

Just like bitcoin was the payment system for Silk Road, it is the payment system for BackPage.  This is just about as big in many ways.  

Shit.

When Steem went up like crazy - I just wanted to short the hell out of that.  Total garbage.  But I dont' know where to get a Steem short.  Now I see Monero going like hell.  Same thing, I'd love to short the fucker. 

Which is the most comprehensive shorting platform that is somewhat reliable too?  I am going to make an account today.

Does anyone else share the curiosity that comes with the BFX issue? 

That is $62million of 'debt' - or 'IOU's all traded directly on the bitcoin blockchain.  I'll bet not many people anticipated this kind of support for trading when thinking about the blockchain. 

Is the BFX issue the first debt issue - or are there others?