Why can't the Eth shills stick to their own thread? I don't go into their thread spamming a shitcoin.
it's the same crowd ... the ethereum pump is an attempt to spook the bitcoiner masses into the arms of the big-block banksters and their classic cronies ... 'cos "if bitcoin can't scale someone else will" ethereum has been crawling with banksters from day zero ... they crave the ethos of bitcoin but could never create it. Not sure what you mean by "big-block banksters". The numbers are arbitrary. You need a technical argument to support a particular block size. So far, 2 MB doesn't even approach a technical limitation and in fact doubles Bitcoin's almost negligible user capacity. |
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No other coin has been through the fire yet. I doubt any of them will survive "governance".
to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go. That's what we have now. It's called fiat. |
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No other coin has been through the fire yet. I doubt any of them will survive "governance".
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Bitcoin is too inflexible for what Ethereum is trying to do and vice versa. With Bitcoin Ethereum has a safe and reliable store of value which it can integrate into its systems. With Ethereum Bitcoin has a platform uniquely suited to expand its potential. It's a win-win situation.
When and how did Ethereum solve the two-way-peg-problem that is required for it to "use Bitcoin as a reliable store of value which it can integrate" ? Ethereum will not work like a sidechain. Distributed apps running on ethereum will run Bitcoin wallets and operate them through smart contracts.... I think. So you're saying that it's possible to move bitcoins back and forth from the Bitcoin blockchain using an outside D App without Bitcoin being aware of it and without a trusted third party ? Interesting. (I am pretty sure that it's not possible) No, that's not what I'm saying. The bitcoins stay on the Bitcoin blockchain. It's no different from me or you or Circle's system using Bitcoins. Except it's an Dapp doing it. Ok but who holds the private keys ? Me ? You ? The Dapp maintener ? The Dapp. Who controls the Dapp depends on the program. If you run the program, control the program and fill its wallet, then you control the wallet. You can also set it to be completely autonomous, which would be handy if you want to run a smart contract with triggers involving other people. I still don't understand. I think I will have to wait for a real dapp to implement it to see if it works. I've seen some examples, but I think most of its use cases haven't been thought of yet. Here's an interesting presentation from IBM and Samsung where they use Ethereum: https://www.youtube.com/watch?v=U1XOPIqyP7AHere's a decent example from the new Princeton textbook. Suppose Alice wants to challenge Bob to game of chess with money on-line. Alice will write an Ethereum program that implemements the rules of chess and upload it to Ethereum. She'll send the contract a quantity of Ether equal to the amount she wants to bet. Bob can see this, and if he decides to accept, he can start the game by sending his own stake of betting Ethers to the contract. The contract will then pay the winner. There's not always a winner. Let's see independent "contracts" play each other. |
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$20 will never reach $20 again.  |
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Benevolent dictator and a scripting language to empower the future of smart contracts? Big woop. I have a shoe. So?
Bitcoin is somewhere between Monero and Ethereum. You need contracting, but too much creates complexity traps. Some folks are trying to make Bitcoin too complex and adding unneeded features. Those will be selected out in future forks. The safest route is minimal functionality for what is most needed. Monero doesn't have enough to be useful for Zooko's Triangle. Everything else will be cloned and branded and not a store of value. |
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ETH is seeing the bubble meant to be for bitcoin. Everybody is "waiting for the consolidation" to get in...
Sounds familiar!? > ETH is 2011 all over again.
Nuts.  Because it requires Bitcoin to purchase, if it gets to a much higher price, then a competitor-clone to ETH will replace it and use less bitcoins. |
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The status quo folks are looking for cheap coins. They are getting cheaper every day. They never explained how they will secure their LN and sidechains with a worthless coin.
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garzik has stepped into hearn's slip ons as gavin's accomplice and this thread returns - so we see the beginning of the push beyond 2MB being broached - how long now before an XT- alike plan is proposed as a 'development' to address this ?
are the classic clunkers really so dumb they thought 2MB would be the end of it ?
Who is still saying Bitcoin will never scale beyond 2MB? |
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I think Bitcoin will not, cannot grow until the governance model is changed. There is a clear conflict of interest with the core developers and Blockstream.
Yeah, this is also my thinking. Is there any sort of bridge-building conference happening? We need some kind of peace talks! Way too much pride, testosterone and vested-interests [see above] for a sensible solution at this point. Yeah. I can't wait for them to lose interest in the "failed" Bitcoin and move on to creating and "governing" a project with no such conflicts. |
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If Bitcoin doesn't hard fork to a larger blocksize before the halving, not only will blocks remain full, but miners will drop and those transactions will wait even longer. Blocksize won't grow until there is adoption and adoption won't grow until there is a larger blocksize. Governance of a fools game.
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Thats why the best way going forward is to increase TPS via-segwit short term (superior to hardfork increase) and payment-channels, hard-fork, lightining, other methods long term.
No need for this contentious, chaotic hard fork attempt that is really power grab in disguise, and trades off decentralisation.
You can do that right now by creating a proof-of-burn POS hobby coin because that's what seg-witless is. |
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Facts:
1. Bitcoin functions perfectly with current limit. There is no urgent issue that is not FUD. It is a wholly manufactured non-existant FUD crisis. To say network is clogging, is FUD propaganda. I can send bitcoins all the time with no problems.
Agreed, given current hobby status. 2. The crash landing FUD propaganda predicted by Mike Hearn has not happened, despite FUD being spread months back that by December (or latest Jan) the network would break down.
Agreed, given current hobby status. 3. There is No reason to increase the block size limit now. To say otherwise exposes you for the complete ... Therefore, any FUD about need to increase to 2MB is laid bare as completely propaganda
Agreed, given current hobby status. |
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Yet Another Gox. A centralized database. |
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what would you guys say that we're waiting for (in terms of a higher price)?
I am looking forward to $50 each with a warm smile. I will buy a new car then so I can drive something who's windows roll up. I might try to buy the actual car with Monero if we ever got that high. Past that, I expect $500 each by 2020. That's when I can quit my job and travel. Or were you looking for something more grounded in reality, like a jump in price to $2.30? You will have to sell it for Bitcoin first which will drive its price up. |
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The purpose if life is not a hard question. It's simply to reproduce. All life since the start of time has evolved for that one purpose. Sorry guys, there is nothing more to it.  But immortality would be better. |
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Post Davos learning curve bump in 3...2...1...  |
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Bitcoin has done nothing but gone down for the last 2+ years. We may be in the late stages of myspace and the facebook of cryptos is already out, being coded as we speak. Its undeniable that electronic currency is the future.
I agree with this. Bitcoin today is what MS-DOS was 20 years ago ( or so ) It is shitty technology that we are going to be stuck with for decades, and it is in the process of dying ( very very slowly ) Seriously how can one look at what some new cryptocurrencies are able to do and justify why bitcoin still exists. Because they haven't gone through the fire yet. Bitcoin may be a little singed, but it still stands. They must go through "consensus" to prove themselves. |
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 Because you know what's going on. |
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ohnoes! 365  I think my brain just bled a little into my nose.  Thats just a capacity issue. Stupid big-brainer fudders (like NatureClassic) think the solution is to simply eveolve a bigger head, but BrainStream tm have the solution: We simply remove the parts of your brain you dont really need everyday, and cleverly move them to your anus, where they can grow to whatever size you need. This gives you an effective increase in your thought capacity of up to 1.75x. No more bleeding into your nose! ( not that you will be aware of it, anyway) The internets r funny today |
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