The hopium surrounding Ethereum is palpable.

New apps you say? The one example they have is, ironically, how to make a pyramid scheme work. If they have others that mean anything, that would be of minor interest, but there isn't anything out there right now that is making waves.

ETH is still a platform looking for a solution, instead of something that fits an actual existing need. There are plentiful computing platforms, you don't have to use ETH to spin up some instances somewhere and get back-end code running. There isn't a worldwide cabal restricting computing usage either. Its just a quaint curiosity that has all of its focus on price, not utility.

I still maintain that it solves nothing, and even is doomed to fail given the decreasing cost in computing power per cycle/flop/what-have-you.

More like a temper-tantrum ending with him throwing the ball in the sewer, just so people who wanted to play have a hard time.

Good riddance. He belongs wedded to the corporate and government entities from which he came, like some golem made of mud and sticks. He does their bidding now, and is willing to sell out for just a few more bits of colored paper.

So a sub-discussion on another internet forum is news?

Sure doesn't seem like it to me. We already knew that ETH has its own problems, including a bunch of shills that keep pumping it, hoping to achieve escape velocity from the black hole of alt-coin mediocrity. So far, that effort hasn't proven to be fruitful. I suppose you could post a bunch of Ethereum "news" articles too, but again, people aren't that stupid - so you might want to back off that too...

Nothing that Bitcoin can't do, but of course with the push to pump ETH into the stratosphere I suppose any dangling thread of hope will do.

Decentralized Autonomous Organizations eh? With zero legal recognition, zero legal recourse, zero legal precedent or the establishment of a new business class. Yeah, that's a big "use-case" all right. Let us know what happens when a DAO gets taken to court over a dispute and summarily ruled against for not showing up. That would be amusing.

Thanks for the necro-post.

Mastercoin is still dead, but at least now we have a reminder it is so. Want to enlighten us why you thought a thread from over a year ago was the place to put your little hoo-rah for this dead platform?

First, this is the same asshole CEO that is filing patents on Bitcoin tech and asking everyone to "trust us, we'll be cool".

Second, anyone propagating the myth that Bitcoin is "collapsing" because some idiots don't pay the proper fee and have delays in their confirms is extremely suspect. I've been using Bitcoin since 2011, and EVERY transaction I've ever done has NEVER failed to get the proper confirms, even now.

I'd really like to see more pushback on this kind of thing, because its an outright lie, and one that the "e-journalists" never fact-check to see if they are spreading rumors and FUD tactics.

Still doesn't solve the "last mile" problem, which is the interface with the physical real-world financial system.

Also, since this some mastercoin offshoot, which hasn't been doing too well at all, why would anyone bother with this particular effort?

Still no clarification on why you'd use a "Bitcoin Computer" over say, actually spinning up some cheap instances on a commercial provider or rolling your own for free. I get that every permutation of Bitcoin is viewed with some awe and excitement, but the use-case here is far from clear in a world full of cloud computing solutions. There isn't a draconian crackdown on individual computing resource availability, so why even bother with something like this?

But the hype keeps on hyping...

Right, another sensationalist headline no doubt fueled by The Verge's version of "reporting".

All this does is highlight how incestuous and non-original media outlets are today. A slight rewrite of the article and the usual hyperbolic conclusions tacked on. Does anyone really work as a journalist anymore, in the classic sense? I'm starting to highly doubt it...

Another alarmist headline about this bullshit.

There's a miner fee market. Use it. My transactions go through just fine, because I use a wallet that suggests the proper fee, and if I'm in doubt - I CHECK AND SEE IF IT IS CORRECT.

But I guess that's asking too much of people, to actually use the network properly. Expanding the size will only repeat this exercise at a later date.

I'm sure you've read Verge's "story" on how blocks are all full and transactions are failing. Problem is, that isn't what is happening.

https://medium.com/@tradertimm/the-verge-s-nightmare-scenario-has-come-to-pass-10554c533e47

Let the truth set you free...

The only thing notable about that guy is he runs a Bitcoin exchange, and at times, posts things that are way beyond loony. Lets just say he's in love with his own "genius".

Yet another sensationalist headline from the yellow-journalism site Verge.

Here's a better read: https://medium.com/@tradertimm/the-verge-s-nightmare-scenario-has-come-to-pass-10554c533e47

Yet another goddamned example of someone complaining about the Bitcoin network, when THEY are at fault, not Bitcoin.


See the problem? Oh right, NO FEE USED.

So there wasn't a DOUBLE SPEND, because if your transaction doesn't CONFIRM, then you haven't SPENT YOUR FUCKING BITCOINS properly. Any subsequent transaction depends on the inputs from the prior transaction being confirmed, and when this isn't the case, THAT transaction will be delayed too until the earliest one is done. (And until it does, or if it just goes into limbo - the coins are still in your balance.)

But again, we have people taking Bitcoin terminology and applying it in such a way as to cast doubt on the ENTIRE network.

Seriously, screw whoever is perpetuating this obvious shilling.

There are a bunch of jerkwads doing some shady crap on the network. Namely, trying to stuff blocks with "dust" so they can ring the alarm bells and say blocks are filling up. They call these "stress tests" and other such nonsense, but what it amounts to is a block DDoS attempt by bad actors. While the block usage trends are generally rising, any large spikes past 900k seem to be caused by this bullshit. I wouldn't hyperventilate about blocksize just yet, though.

Following up on this, there have been a spate of posts on DumbIt and elsewhere claiming a "vanilla" transaction with the minimum fee is not getting confirms.

It turns out a lot of these posts are cleverly crafted transactions that are using UNCONFIRMED INPUTS, which is the real problem, not necessarily the latest transaction. I think this is part of some subtle astroturfing campaign to subvert Bitcoin and portray it as an unreliable payment system, when it is clearly not the case.

Beware any of these kinds of threads, the agenda is deeper than you think.

You might want to actually include a topic for this post.

Thanks...

There have been a spate of people on reddit complaining about "Where's my confirms". This isn't new, but the frequency of people posting is. It looks a bit astro-turfing to me, because you'd think that anyone who was experiencing some difficulty would've searched reddit or read one of the recent threads without posting their own. The answers are there, but they keep posting these idiotic threads. It all boils down to not being a cheapskate when sending a transaction.

The miners fee right now is such a small fraction of a cent, it really isn't worth cheaping out on. It boggles my mind when people take a common resource, contribute nothing, and yet expect four-star performance. You get exactly what you deserve on the Bitcoin network.

This is the same asshole who is patenting things based on Bitcoin technology, with a "hey, don't worry we'll be good - honest!" as a policy.

I didn't like this guy before, and I sure don't like him now. "Competing Forks" is not a natural state for the tech, it either results in one branch being mined or not - this isn't opening a corner store and cutting prices for satoshi's sake.

Where do they get these MBA's that think they can just lord over an open source project. I'd really love to know.

Wow, maybe he actually rents flats now like a normal person.