from 90% to 84% percent market share in two months! If Bitcoin was a corporation, it would be extraordinary for the CEO NOT to get sacked by the Board of Directors. That is a stunning loss of market share in so little of time. It took IBM, Microsoft, Yahoo! years to lose that much. Not sure about MySpace though. the sad news is these altcoins even ETH is no safe haven from what's happening here in bitcoin land, if bitcoin can't do it no one can. and if everyone ( or a few to many poeple) goes of to doge maid eth etc the whole crypto world is going to come crashing down. i can't quite put my finger on why exactly but i have a feeling if bitcoiners get all divided up into 10 - 20 different cryptos, it's a big fat FAIL, for all. |
|
|
|
idk the guy, he's chinese i assumed he was a big blocker.
peter todd shouldn't be allowed to have friends.
Samson is the guy who basically spearheaded the "Great Consensus" event last weekend, I heard the letter turned medium blog post with fancy changing titles was written on his laptop. That explains his flurry of twittering during and following the event, I think. he seemed impartial last weekend. well now i know where he stands. |
|
|
|
This might help clear out some of the cobwebs of your confusion adam...   idk the guy, he's chinese i assumed he was a big blocker. peter todd shouldn't be allowed to have friends. |
|
|
|
Aaaand... the debate has risen to the tenor of "accusations of cockgobbling"  Way to go Samson Mow, CTO of BTCC Bobby Lee must be proud. LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it... i agree with the other guy yes, we need R&D on LN and sidechains just don't force me to buy it. pre-order I think you make a mistake of Mow's position. He's supporting LN. you sure? well in that case i'll just say that, i'll take Gavin's thing over Mow's thing... |
|
|
|
Aaaand... the debate has risen to the tenor of "accusations of cockgobbling" Way to go Samson Mow, CTO of BTCC Bobby Lee must be proud. LN promises to take away >90% of the fees generated per block, of course Samson Mow hates it... i agree with the other guy yes, we need R&D on LN and sidechains just don't force me to buy it. pre-order |
|
|
|
Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction. Well. Logical I suppose. But how do you know the size of your transaction? side note, my TX is the min size ~256bytes block height 399870 0 confirmations I have begun this experiment too, with transferring approximately $1 (although I think that the same fee will pretty much apply for a $100 or $1,000. I sent it 3 times, and I adjusted the fee to be either .0001 BTC per kilobyte ($.04 fee), .000025 per kilobyte ($.01 fee) and .00001 per kilobyte ($.004 fee). The higher two showed up on the receiving end without confirmations within a couple of minutes of my sending them; however the lowest one, which is essentially nearly no fees, has not yet even shown up on the other end, so far, after 22 minutes. I will attempt to check the extent of the update, every 30 minutes in order to verify whether they have confirmations. So far only one of my three transactions have gone through (listed below from higher fee to lower fee). The first transaction included the standard fees, and the second two included lower than the standard fees. 1) $1.06 (.0025 BTC) sent 6 hours ago Fee .0001 btc ($.04) (.0001 BTC per kilobyte) - Immediately showed up on receiving end, and 3 confirmations and available for use after 1 hour and 12 minutes. 2) $1.20 (.002855 BTC) sent 6 hours ago Fee .000025 btc ($.01) (.000025 BTC per kilobyte) - Immediately showed up on receiving end, and so far 0 confirmations and after 5 hours disappeared from receiving end 3) $1 (.00236 BTC) sent 6 hours ago Fee .00001 btc ($.004) (.00001 BTC per kilobyte) - So far has not shown up on receiving end and 0 confirmations I conclude that including the standard fees helps to ensure that your transaction goes through in a timely manner. Maybe I will provide another update, later, if these last two transactions ever go through? now, define "standard fees" in a way that wont be obsolete in 10 days |
|
|
|
|
Chinese miners are pushing hard to get some kind of progress in the blocksizelimitbitchfest
post your appreciation below:
|
|
|
|
|
i'm going to sell my ETH once bitcoin is boring again.
|
|
|
|
Someone on Reddit proposed BitcoinRadical today: to fork away from the Commies, you see.  Censorship-Coin? |
|
|
|
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
your ability to relate anything to bitcoin's current situation is amazing. anyway, i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow. " that is not what will happen forget it, "Bitcoin the original" doesn't exist even today. either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government" or there will be a fork, and each impl will change in their own way. there is no "original" there is only 2 new coins Core and Classic each with their own hashing power, each with there own new impls. this should be avoided, but at this point miners are on the brink. I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees. I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- ) maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last ) but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow. " hahahahahaha... Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about. There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on. hahahahaha  YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!my dad's an ivory tower type thinker, that for sure. but say tomorrow 80% hashing switch to classic and the HF will be activated in 28 days ( or wtv the grace period is ) what then what is "bitcoin the original"?? Core's segwit + 0.5MB blocks or Classics 2MB blocks you see there is no such thing as bitcoin the original!!! There's not going to be any 80% hashing power switch to classic. There's not enough support there... so therefore, we still be considering core to be the original. No? How many blocks have been mined by Classic? Less than 10? At this point, it seems way too speculative to suggest that in any time in the near future classic could become perceived as the original, even for this speculation thread. the other day 80% of the hashing power said " we are so fed up of you, if you don't listen to us a little we will switch to classic" agreement was signed now this agreement LOOKS like it might fall apart, again today one of the big chinese pools threatened to switch to classic. and we have BS BlockStream again not willing to listen; O.k. Well, maybe I do not understand the facts, enough. I thought that classic mined less than 10 blocks, so far... And, if there are like 10 blocks a day mined by classic, then maybe it could become more significant, no? Edit: Maybe I better sell a few more of my coins... ?  on the fencevvvv the miners can switch 80% hashing power to classic at a moment's notice. that is what they are threatening to do. but hold your sells. once the fork's grace period is started, everyone will go nut withdrawing bitcoin off the exchanges. and it's not clear that the market will dislike the fact that china is taking the lead. we could see some weird bump to 750 due to weird market conditions... it's possible... would a market that is lead by chain feel its bearish that chinese miners show there teeth? i'm not so sure. we are getting ahead of ourselves... but this is the point of Speculation, staying 1 step ahead |
|
|
|
|
if blockstream team was canadian, they would've said "Sorry" a millions times already, but no they are hard headed americans( right? )
|
|
|
|
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
your ability to relate anything to bitcoin's current situation is amazing. anyway, i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow. " that is not what will happen forget it, "Bitcoin the original" doesn't exist even today. either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government" or there will be a fork, and each impl will change in their own way. there is no "original" there is only 2 new coins Core and Classic each with their own hashing power, each with there own new impls. this should be avoided, but at this point miners are on the brink. I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees. I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- ) maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last ) but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow. " hahahahahaha... Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about. There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on. hahahahaha YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!my dad's an ivory tower type thinker, that for sure. but say tomorrow 80% hashing switch to classic and the HF will be activated in 28 days ( or wtv the grace period is ) what then what is "bitcoin the original"?? Core's segwit + 0.5MB blocks or Classics 2MB blocks you see there is no such thing as bitcoin the original!!! There's not going to be any 80% hashing power switch to classic. There's not enough support there... so therefore, we still be considering core to be the original. No? How many blocks have been mined by Classic? Less than 10? At this point, it seems way too speculative to suggest that in any time in the near future classic could become perceived as the original, even for this speculation thread. the other day 80% of the hashing power said " we are so fed up of you, if you don't listen to us a little we will switch to classic" agreement was signed now this agreement LOOKS like it might fall apart, again today one of the big chinese pools threatened to switch to classic. and we have BS BlockStream again not willing to listen; |
|
|
|
Are all zero fee transactions included in Litecoin, Dash, monero, etherium? Bitcoin is losing market share because competitors are underpricing us.
I'm sure they'd be ever so excited to receive any actual transactions regardless of fees. Peter Todd uses Monero. For privacy butt plugs.  hehehehe |
|
|
|
|
oh look ETH is pushing higher.
|
|
|
|
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
your ability to relate anything to bitcoin's current situation is amazing. anyway, i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow. " that is not what will happen forget it, "Bitcoin the original" doesn't exist even today. either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government" or there will be a fork, and each impl will change in their own way. there is no "original" there is only 2 new coins Core and Classic each with their own hashing power, each with there own new impls. this should be avoided, but at this point miners are on the brink. I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees. I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- ) maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last ) but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow. " hahahahahaha... Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about. There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on. hahahahaha YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!Most miners, particularly Chinese miners don't give a shit about Bitcoin other than as a revenue source. They will perpetuate the status quo as long as it makes them money and not a second longer. Already you see some of them trying to find a face-saving way to back out of the Roundtable Consensus because they know or suspect that it's too little too late for scaling and that Core won't ever honor it anyway. In fact, according to their own rules, they CAN'T honor it. The status quo is good for BTC price until blocks are full and then it's bad. Blocks are almost full. The future is full of uncertainty. Markets hate uncertainty. blocks are completely full every single one my 1cent fee tx has yet to be mined CB's maths are wrong. |
|
|
|
you see there is no such thing as bitcoin the original!!!
 |
|
|
|
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
your ability to relate anything to bitcoin's current situation is amazing. anyway, i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow. " that is not what will happen forget it, "Bitcoin the original" doesn't exist even today. either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government" or there will be a fork, and each impl will change in their own way. there is no "original" there is only 2 new coins Core and Classic each with their own hashing power, each with there own new impls. this should be avoided, but at this point miners are on the brink. I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees. I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- ) maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last ) but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow. " hahahahahaha... Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about. There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on. hahahahaha YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!my dad's an ivory tower type thinker, that for sure. but say tomorrow 80% hashing switch to classic and the HF will be activated in 28 days ( or wtv the grace period is ) what then what is "bitcoin the original"?? Core's segwit + 0.5MB blocks or Classics 2MB blocks you see there is no such thing as bitcoin the original!!! |
|
|
|
|
Show Posts
