We welcome a 1,8x increase. But I say it will not be the solution. That's even not enough to survive until the halving date.
If this is your impression of being welcoming, then I'd certainly avoid any event where you were greeting the guests. And more doomsday deadline scaremongering, after last time? Come on now. It is almost as if he believes that the only thing holding bitcoin back is capacity...and as soon as we build the 100k seat stadium it will be filled. More projections out of thin air. Crazy. |
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You're thinking of proposals that people dislike, not proposals that have received a warm welcome. Pieter Wuille is highly respected, mainly because of his amazing computer science work so far. This sounds to be more of the same, and all you can do is lie and hate? I feel genuinely sorry for you Zara, it can't be much fun, for you or your friends, being such a bitter person.
Just ignore anyone who ignores this: Ah, the ignoring user changed the title of his thread. |
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If we make sloppy and dumb capacity upgrades in fear and haste we don't have the right incentives to make the right tradeoffs and develop optimal solutions which benefit all. There is no harm in having tested backup plans if the need arises and demand increases more than expected.
Some say that a 'monster softfork' would be a dumber 'immediate' short term last minute solution than a simple increase of the block size, when everyone can see that the capacity is at the limit right now and the halving event is just 7 month away. |
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"I think that right now capacity is high enough and the needed capacity is low enough that we don't immediately need these proposals, but they will be critically important long term." Is this a joke? What is long term? 1 month before the halving date oder 1 month after? |
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Lol you clearly still cant read with any proficiency. For how many month will it be 'the solution' in 2016, the year of the Great Halvening? April or even May?
You're thinking of proposals that people dislike, not proposals that have received a warm welcome. Pieter Wuille is highly respected, mainly because of his amazing computer science work so far. This sounds to be more of the same, and all you can do is lie and hate? I feel genuinely sorry for you Zara, it can't be much fun, for you or your friends, being such a bitter person. Your stupid projections. Are you crazy? We welcome a 1,8x increase. But I say it will not be the solution. That's even not enough to survive until the halving date. |
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I'd like to send a big warm middle finger to:
1. All the XT-folks who believed increasing the block size is the only way to scale Bitcoin. If 8mb was designed to be for 2 years, I guess they will shut up for 1 year, with 4x more transactions in 1mb blocks, and let the fee market develop.
Seems to be even less than a 2x througput boost: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011869.html |
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... the cheerleaders of the Front National and alikes.
Le Pen is going to rock the vote, and I'm going to rub her victory in your face. As promised... About 40% of French voters are " cheerleaders of the Front National." How do your words taste, now that you have to eat them?  Yes, Anton Hinkel knew as many cheerleaders behind him as well. https://www.youtube.com/watch?v=bMIIpe-suAsIt feels great to have some of that kind of collectivists in the Bitcoin environment. Collectivists? Nope, FN just destroyed the Socialist Party. Wow! The Judean Collectivist Peoples Front just destroyed the Collectivist Peoples Front of Judea? Fantastic! |
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... the cheerleaders of the Front National and alikes.
Le Pen is going to rock the vote, and I'm going to rub her victory in your face. As promised... About 40% of French voters are " cheerleaders of the Front National." How do your words taste, now that you have to eat them? Yes, Anton Hinkel knew as many cheerleaders behind him as well. https://www.youtube.com/watch?v=bMIIpe-suAsIt feels great to have some of that kind of collectivists in the Bitcoin environment. |
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Zara is essentially consternation incarnate, there is no other way for this person to function. Never displays any other human traits at all.
I can see that now , thank you. I think we hold some responsibility in breeding this vitriol and hostility as well. There were many developers that were busy coding and testing instead of playing politics. Communication problems arose due to the inefficiencies over discussing complex ideas on mailing lists and forums which were exacerbated by the stakes involved which are much higher than most open source projects. In the future we need better communicators to bridge the ideas and work from developers as they are working at levels way above our heads and don't necessarily know how to gauge the audience or speak without jargon. We also need more conferences and get together between developers where they have a chance to build solidarity in a less stressful environment. Hopefully we can build from these mistakes and grow together. The larger problem is that some entitled little socialists who've never done anything relevant feel they deserve to be consulted on every decisions and that their "voice" matter "because democracy" when Bitcoin has always worked under the settings of a meritocracy for very obvious reasons. Yes, it's the market, stupid! The market forced the Politbüro to 'propose' to raise the limit. |
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Ok, great ... I'm happy there are multiple proposals and multiple implementations and people can vote by choosing their favorite. Why the offtopic attacks on blockstream or Wuille? Wouldn't it be healthier to present your case, develop your repository and perform tests? The first implementation should be credited if you want to be honest. And yes, Bitcoin Unlimited, my favorite implementation is developing, testing and everything it needs to be my favorite implementation.
bwahahaha  Bitcoin Unlimited is so out there and irrelevant That's why your are reading there all the time. |
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Ok, great ... I'm happy there are multiple proposals and multiple implementations and people can vote by choosing their favorite. Why the offtopic attacks on blockstream or Wuille? Wouldn't it be healthier to present your case, develop your repository and perform tests? The first implementation should be credited if you want to be honest. And yes, Bitcoin Unlimited, my favorite implementation is developing, testing and everything it needs to be my favorite implementation.
bwahahaha Dear hdbuck, how do you feel watching your beloved 1MB slowly disappearing? Is it a traumatic experience? |
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Ok, great ... I'm happy there are multiple proposals and multiple implementations and people can vote by choosing their favorite. Why the offtopic attacks on blockstream or Wuille? Wouldn't it be healthier to present your case, develop your repository and perform tests? The first implementation should be credited if you want to be honest. And yes, Bitcoin Unlimited, my favorite implementation is developing, testing and everything it needs to be my favorite implementation. |
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My prediction came true. The pressures of the marketplace force them to raise the block capacity. The business model of an artificial fee market (which you are cheerleading) is officially REKT anyway. Means: dead. Which is great.
All I care about is bitcoin moving forward with the best solutions decided upon by a rough consensus. I am happy that Hearn and Gavin forced the issue to come to head , and ecstatic that luke-jr and sipa came up with better solutions which were partially motivated through there hand being forced at the threat of a fork. Yes, and the market will decide which fork is the best fork. https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-145#post-4899 |
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Don't bother with him.
Most of it is panick from the fact that once again Core prevails and him and his shitty crew is on the verge of being irrelevant (if we pretend they weren't already).
Ohh... I understand, he is bitter and lashing out because he didn't think blockstreem would develop better solutions than BIP 101. I hope he comes around and assumes that everyone has good faith whether they are Gavin or Wuille. This is really petty and we need to get beyond this for the sake of bitcoin. No, I knew what will come: https://bitcointalk.org/index.php?topic=1162684.msg12955016;topicseen#msg12955016 |
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Offtopic? Why does CryptoNote need to be mentioned here or the presentation? Because ... The original implementation of segregated witness was also CryptoNote coins, as I mention here. Wuille's presentation fails to credit this alternative cryptocurrency at all (as did the Elements sidechains presentations/implementation/notes). Ironically the second time a major Bitcoin soft fork has come from an alt.
Are you panicking yet? Why? My prediction came true. Why? My prediction came true. The pressures of the marketplace force them to raise the block capacity. The business model of an artificial fee market (which you are cheerleading) is officially REKT anyway. Means: dead. Which is great. |
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Offtopic? Why does CryptoNote need to be mentioned here or the presentation? Because ... The original implementation of segregated witness was also CryptoNote coins, as I mention here. Wuille's presentation fails to credit this alternative cryptocurrency at all (as did the Elements sidechains presentations/implementation/notes). Ironically the second time a major Bitcoin soft fork has come from an alt.
Are you panicking yet? Why? My prediction came true. The pressures of the marketplace force them to raise the block capacity. The business model of an artificial fee market (which you are cheerleading) is officially REKT anyway. The stalemate could go on for some months, but the market will enforce a decision. u/hugolp 2 points an hour ago
and a way to really annoy /u/mike_hearn with a really humungous soft fork.
Is this just a joke or would it really annoy him? If so why?
u/edmundedgar 3 points an hour ago
For a long time he's been making an argument - I think correctly FWIW - that hard forks should be preferred over soft forks. Soft forks are a nasty hack where old nodes are tricked into thinking they're validating transactions, but really they're not because the rules have changed in some way they're not aware of.
This is a huge monster soft fork where by old nodes are completely unaware that the signatures they need to validate even exist. |
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Offtopic? Why does CryptoNote need to be mentioned here or the presentation? Because ... The original implementation of segregated witness was also CryptoNote coins, as I mention here. Wuille's presentation fails to credit this alternative cryptocurrency at all (as did the Elements sidechains presentations/implementation/notes). Ironically the second time a major Bitcoin soft fork has come from an alt.
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From what I understood is that they could discount the witness data by 75% right now, which means that 1 MB blocks could theoretically have as much transaction volume as 4 MB blocks. Or they increase the block size for the witness part to 4 MB (the non-witness part stays at 1 MB). This is how I understood it so far. This is still a fairly new concept so I'm also still learning.
Still learning; but making a post titled "Segregated witness - The solution to scaling". |
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