Did Satoshi trick Gavin, or did Gavin trick Satoshi? ...... Theymos did not slip up, when he started to ban XT shills on \r\Bitcoin. He just prevented a small percentage of people from brigading and forcing people to use a lesser fork. It was just a temporary ban in anyway, so I guess some people got the message and things returned to normal quickly. I hope some of Dr Adam Back's wisdow will rub off on Gavin and he could break away from Hearn's influence. Gavin have so much more to offer...  You don't achieve consensus by banning people. |
|
|
|
The Developers have written an open letter to the community about Bitcoin scalability. https://bitcointalk.org/index.php?topic=1168393.0They have done a lot of work and describe it here: Much work has already been done in this area, from substantial improvements in CPU bottlenecks, memory usage, network efficiency, and initial block download times, to algorithmic scaling in general. However, a number of key challenges still remain, each with many significant considerations and tradeoffs to evaluate. We have worked on Bitcoin scaling for years while safeguarding the network’s core features of decentralization, security, and permissionless innovation. We’re committed to ensuring the largest possible number of users benefit from Bitcoin, without eroding these fundamental values.However, the real question for them is: Will they make a commitment to the principle of main-chain scaling?Will they support volume handling on the main-chain as a preference to off-chain solutions? 1). Bitcoin should be scaled so that transactions are handled on its main-chain, as a first and guiding principle. 2). Bitcoin's main-chain capacity should be allowed to scale at a rate broadly in line with the general improvement in global computing technology. How hard is it for them to publicly support 1&2 above? Unless they don't agree....? Bitcoin is based on notions of scarcity. Making room for every transactions in the world makes it worthless. Scarcity of coins not, scarcity of transactions! |
|
|
|
|
I don't think that anybody wants him to solve it. They would just like to hear his valued opinion.
|
|
|
|
One thing is for sure and you can quote me on this later. This whole XT mess will go away at some point when all the devs get together and sort it out, agree to future pull requests etc. When that happens god help the shorts.
That will never happen until Blockstream is removed from the equation. |
|
|
|
lol wtf first off you can't have anyone and everyone "the community" making changes as they please to the code base without completely destroying that code. second, if anything XT proves just how decentralized Bitcoin dev is, and at any point in time a change can be made WITHOUT consensus via forking, whether or not this fork is accepted by the community is another story. third, TLDR too much nonsense The nonsense is centralized developers calling the evolution hostile, blocking discussion, and spreading FUD. The bottom line more users will not break Bitcoin and preparation for more users as soon as next year isn't rushing anything. Bitcoin development is centralized about 90% of the network runs centrally developed code. That group of developers are actively pushing to move Bitcoin transactions and their fees off the blockchain. Moving Bitcoin fees off the blockchain will compromise security as the block reward diminishes. Exactly! |
|
|
|
|
I just don't see miners ignoring the longest chain unless there is some very big monetary incentive. If that were the case, the rest of the miners would do the same, and then they would all be on the eventual longest chain.
|
|
|
|
|
I have consumed 12 cups today.
|
|
|
|
|
I keep reading a lot of people saying that " if Core would raise block limit, they would say fuck you to XT ". There's the rub. They won't. The question that everyone should be asking is why? Could it be because more than 2 or 3 of them also work for a company that is counting on lower blocksize as their business model? I'm just sayin!
|
|
|
|
Meanwhile,
more and more blocks are going to be hitting the 1mb limit until they "save us" with
their "solution". The situation is even worse, many clients have as default value 750kB as limit, despite the fact that the max is 1MB!! Mike always fought against this different default value, but some others wanted to be it that way. Many of the miners will not be aware of this. So we really not far from disaster. I just learned about from this VERY interesting interview with Mike Hearn: https://www.youtube.com/watch?v=8JmvkyQyD8wAnd it totally smashes the fantasy of some of the miners here that, when capacity will get scarce that they then will earn 5000$ per month through "fee market". He worked 7 years for google in.... yeah right.. capacity planning and explains very well why its not working like that and bitcoinnetwork will crash due to lack of RAM on machines... if there keep coming transactions for e.g. 1,2 MB for a while but Blocksize only supports 1MB.. It's too bad that you weren't able to see the forest because all of those stupid trees were blocking your view. |
|
|
|
|
The reason Blockstream doesn't want bigger blocks is because if they're bigger , they won't make a shit load of money. It's as simple as that.
|
|
|
|
|
I may not post a lot but I've been around for quite some time. It appears to me that the large majority of FUD is coming from the "Core" camp.
|
|
|
|
If the majority of bitcoin-exchange market supply is coming from mining, which currently seems to be the case, Not at all. Not even if we assume miners selling every coin they mine. Source: blockchain.info and that supply halves, that's a supply shock. If demand remains the same, the price must roughly double.
A fundamental misunderstanding of how the market works. If that was really the case, GM could simply cut the number of cars manufactured in half, and double the price. Profit! Really comparing bitcoin to cars??? If there were only 100 cars in existence and there would never be any more, then we destroyed 50 of them , yes, the price of the remaining cars would skyrocket... err yeah, if Biitcoin was the only money in existence, or even the only crypto... But let's work with your example: "If there were only 100 cars in existence and there would never be any more, then we destroyed 50 of them , yes, the price of the remaining cars would skyrocket..." No, it would not. People will learn to walk, or ride scooters, or trains, or fly. Other car manufacturers would appear (just like other coins are appearing). You're starting with the same misconception that Beanie Babies enthusiasts fell victim to: Limited supply guarantees value. Of course, it doesn't. I don't need to own a Beanie, and I certainly don't need to own a bitcoin--I can chose to simply ignore both & use my CC. Bitcoin may not be the only coin out there but, it's the only one with a massively giant network behind it. |
|
|
|
Hi, recently I launch my altcoin and I create a post here in bitcointalk, after the post was created, this user start writing ofensive comments against me and my altcoin, he call me tieve, scammer, ignorant, etc, and he keep writing about bulls#1t ruing my post, and all that for no good reason.
So I ask him to stop but keep going and going, so I did as a normal person will do and instead of attacking him back, I contacted the mods of the forum and told them about this situation, they wrote back and said that they can't do nothing about, and advise me to ignore him and delete his comments.
So, what will you do?
Will you revenge or leave it like that?
Note: when I'm talking about revenge, I'm saying do the same to him here on bitcointalk, example, talking bulls#1t after about him and troll him. Nothing beyong that, I mean, only trolling.
As far as I know, a basic for all communities is the law, and because there is no low in here, should I apply eye by eye?
Thanks.
You're lucky it's not me givin' you a hard time. See my sig. BTW, quit being a pussy and write out "bullshit" completely. Ya! You should feel lucky that it's not him. |
|
|
|
This story has already been posted. It can not be blamed on bitcoin, if you want to blame somebody blame the US gun culture. As for journalists blaming this on bitcoin it's ridiculous, US kids have been buying guns and shooting up schools & colleges for decades. With reference to the story in the OP the kid could have bought weapons with USD. Hilarious they try to paint bitcoin in this light. Let's compare all the shootings in the US & draw up a graph of how many of the shooters used bitcoin to buy their weapons & how many used fiat to buy their weapons  People have been buying guns, drugs, prostitutes for centuries with fiat Why are you blaming the USA. This happened in the UK. |
|
|
|
|
Show Posts
