Bitcoin Forum
October 20, 2020, 09:27:34 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 »
481  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 04:25:04 PM

You are taking into account, that there will be a time, when you can't use Bitcoin as you are used to do it. I think, that would really hurt Bitcoin.
If Bitcoin is successful, this problem will occur.

Do you have hard evidence for your hypthesis other than vague projections that may or may not come true?
You are repeating the same over and over again while ignoring the counterarguments presented.
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/charts/avg-block-size?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
I didn't see any argument, explaining why that growth would stop. Can you show it to me?

Nobody said the growth would stop, what has been said is: hitting the blocklimit will not cause big trouble because the first thing that would happen would be microtransactions for tiny amounts of money happen somewhere else. So all your doom preaching and urgency is invalid.

Hitting the limit will not render btc unusable - in fact it will clean the chain from spammy microtransactions.
482  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 04:22:55 PM

You are taking into account, that there will be a time, when you can't use Bitcoin as you are used to do it. I think, that would really hurt Bitcoin.
If Bitcoin is successful, this problem will occur.

Do you have hard evidence for your hypthesis other than vague projections that may or may not come true?
You are repeating the same over and over again while ignoring the counterarguments presented.
It's not a hypothesis it is fact, it is numbers. If Bitcoin is successful and transactions increase the block size will increase hitting the cap, this means the next transactions will be forced to wait for the next one, which is getting filled quickly and causing a congestion. There is no hypothesis, this isn't that might happen but it will happen IF Bitcoin keeps increasing in popularity and transactions.

When will it happen? How can you tell the future? Bitcoin can't even hold its marketcap and demand is in decline. So what you are doing is wild guessing on what may happen in the future but you can't prove it beyond doubt. And there have been arguments layed out that show bitcoin will not get stuck even if the blocks hit the limit.
483  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 04:17:13 PM
These pro-fork people just run in circles not aknowledging the counterarguments. They just repeat the same shit over and over again. It's really not a discussion.
484  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 04:14:29 PM

You are taking into account, that there will be a time, when you can't use Bitcoin as you are used to do it. I think, that would really hurt Bitcoin.
If Bitcoin is successful, this problem will occur.

Do you have hard evidence for your hypthesis other than vague projections that may or may not come true?
You are repeating the same over and over again while ignoring the counterarguments presented.
485  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 03:56:35 PM
Not everyone even agrees there would be problems arising.

The same way not everyone agrees that climate change is a real thing.

now it's 'climate change' - last decade it was 'global warming' ... but it's getting colder.

Conclusion: the smartasses aren't all that smart. Scientists aren't infallible gods.
More questions?

Maybe you admire the scientists and follow them blindly - others don't and think for themselves. Refering to Bitcoin now, not climate change...

Different scientists have different opinions, assumption, hypothesis and way of working. Just because someone says unicorns fart rainbows in the future and that someone is a scientist with credentials doesn't necessarily make unicorns fart rainbows in the future. (same as the unthinkable happened and bitcoin crashed another time in january. That wasn't planned that way ... so why should unicorns now fart rainbows again in the future? I don't believe in a unicorn until i see one)
486  Bitcoin / Bitcoin Discussion / Re: 'Bitcoin Elite' to Gather on Secret Island for Bilderberg-Style Retreat on: February 04, 2015, 03:54:29 PM
why not in london? in amsterdam? or in san francisco? or rome? or tokio?
why not in a public venue?

is this maybe a private circle jerk party?



probably everyone getting instructions on the hardork and the future of bitcoin
487  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 03:48:00 PM

So, you want the foreseeable problem to become a real problem before doing something about it?

you are going in circles. The same shit has been posted here a hundred times now. Not everyone even agrees there would be problems arising.
488  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 03:06:52 PM


No need to get all angry. I wasn't trying to get you pissed. I was only trying to emphasize that nobody should choose where microtransactions happen if it's outside of the blockchain. Gavin explained why all transaction (big or small) should happen only on the blockchain. Because offchain transactions cause friction and more headache than necessary. We can expand into the subject if you want, but getting all pissed and leaving solves nothing.



is ok. I just thought maybe doing 50 cents transactions on btc with that marketcap is less appropriate than doing 50cent transactions on coins with smaller marketcap to keep the btc chain clean for the big stuff.

I don't see what the problem should be to pass microtransactions down to smallcap tipping currencies. It seems logical to me. And the beauty is: this would automatically occure once fees rise.

That's why we love btc: because it regulates itself.
489  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 03:02:20 PM
If you look at my post I am mostly informing people of the reality of what to expect of what would happen if this fork goes through, I am trying to combat the FUD and constant misinformation about the possibilities from this fork.

trying to shape public opinion basically ... ok ...


"A Consensus means everyone agrees and in this world that's just not going to happen, especially when talking about money. "

I disagree on that. Since everyone is sitting in the same ship once change becomes necessary consensus could maybe in fact be easier to achieve. In the end of the day everyone has similar targets, maybe, in case you're about a good price for the coins and not about some covert shit.

All in all you make a pretty pessimistic impression. Keep in mind others could in fact disagree with you. Just because something sounds logical to you and seems without alternative in your mind doesn't mean others have to share that view.

I have a feeling delaying the issue could in fact be very close to a solution that's kind of acceptable to everyone. 
490  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 02:50:00 PM
A consensus will never happen

then what are you trying to achieve here? Why are you even discussing? According to you it's futile anyways...
491  Bitcoin / Bitcoin Discussion / Re: Bitcoin Jokes on: February 04, 2015, 01:46:41 PM
492  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 01:45:41 PM
i've got one too

493  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Eventually Kill Facebook? on: February 04, 2015, 01:33:45 PM
no bitcoin will kill itself with a hardfork before any of that happens
494  Bitcoin / Bitcoin Discussion / Re: Satoshi is amomg us on: February 04, 2015, 12:40:22 PM
My theory: Satoshi is among us. He's running some kind of bitcoin business e.g. exchange.
I often see questions asking why Satoshi didn't spend his bitcoins.
This is perfect explanation: he didn't, because he's profiting from the fact these bitcoins remain unspend.
What do you think?

he's creating altcoins now
495  Bitcoin / Bitcoin Discussion / Re: everyone... please contact mcdondolds and ask them to accept bitcoin on: February 04, 2015, 12:29:39 PM
If you have to badger the shit out of people to accept something in order to bring it mainstream, it can't be that good of a product to start.

people will just delete their privatekeys
496  Bitcoin / Bitcoin Discussion / Re: Campaign to BOYCOTT BITCOIN! on: February 04, 2015, 12:24:41 PM
- Bitcoin is wasteful. The high inflation leads to a too large and centralised mining industry consuming huge amounts of electricity and money.
This has been discussed thousands of times.

Bitcoin only needs processing power, if someone can have a equipment with less power consumption the bitcoins processed will have less electricity used.

Also, You can use solar or wind power.

right now power consumption is about 1.5 full scale nuclear powerplants
497  Other / Meta / Re: Will we rename Bitcointalk to Gavincointalk? on: February 04, 2015, 11:59:21 AM
So this discussion is spreading into every aspects of the forums and internet. Please stop it.
Someone was right calling it the Bitcoin civil war.

Since we are already here.. theymos are you 'for' or 'against' the current proposal from Gavin?

Well of course it would be a civil war Lauda were talking about forking the blockchain, if there are legitimate reasons to do it people will change to the new one 20MB but still have mixed feelings about it either way.

it isn't necessary right now, people feel it's forced upon them, people don't like the idea of huge chain, there have been no alternatives presented ... and a lot more reasons.
As it stands now i think the fork will end both post-fork-coins. In any case it was bad PR.

I think once a coin has become so big with such a cap you just don't fork it. You let it run and try to preserve it while pushing out more sophisticated stuff in form of new chains. No idea what justifies to put people in this stress when Mr. Andresen can just release his visa-dream-coin in altsection and see if it finds a buyer. What's the problem about that? Are bitcoin bagholders too lazy to trade some coins or what's the problem? I don't see a reason to drag the entire userbase and investors into this shit when an altcoin can be released. This whole act is not justified and is in no way constructive. Bitcoin became the joke of the internet over night with this proposal shit. It's totally irrational.

So i do understand very good all the trolling now. And maybe we should rename the forum post-fork to gavincointalk, who knows?
498  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth to buy altcoins? on: February 04, 2015, 11:42:30 AM
Is it worth to buy any altcoin other than bitcoin?

Are some of them expected to rise indefinitely in the future, like bitcoin?

Can other coins behave exactly like btc, with bubbles and stuff?

is it worth to buy?  - certainly yes but not just any coin. 95% are scams and shit and you will loose all your money on them. The legit ones however can make good profit. Like really good profit - alts with small cap are much more volatile than bitcoin. We see moves of sometimes 1000% on a coin.

Rising indefinately: no coin can rise indefinately as the sellpressure from the miners always pushes the coin back down. So if you believe bitcoin can go up indefinately: it's a lie, it can't

Are bubbles possible? Yes they are of course. See Litecoin bubble in 2013  (going from 2$ to 50$ in a few days)  

--------

recommendation for noob: stick to established coins and always do very good research before you put more money in a coin and also don't go big in the beginning. Stay away from very new coins if you are not knowing very, very good what you are doing.

----------------

Uno is good currently, solid coin, good swings, trend is up
499  Bitcoin / Bitcoin Discussion / Re: bitcoin fork QUESTION on: February 04, 2015, 11:26:37 AM


Will this fork increase the total number of bitcoins to be made?

No.

well, yes. Amount will exactly double - so value should halve at least. (formally one coin with one cap - then two coins with less cap combined as everyone with a brain will cash out before the madness occures)

A pair Gavincoin/Mpcoin for the direct warfare can be expected on some exchange. It'll be fun to watch but certainly nothing anyone wants to get caught up in. War could go on for months but eventually both coins become worthless in the end and will be replaced with altcoins.

Maybe people get good arbitrage opportuninty in case chaos isn't too omnipresent to even move coins on any of the two chains safely.

Probably 51% attacks from either side can be expected aswell as wild fluctuations not only in price but also in hash of both coin. It will be an epic act of cannibalism. So, really noobs should stay away from the mad people. This isn't even fun. Better buy yourself Litecoin and dogecoin already and dump btc on the next peak like everyone else.
500  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: February 04, 2015, 10:37:23 AM
microtransactions can happen offchain. Why would they need to be on chain? What percentage of txs are micro? I guess most.

Gavins' approach is:
-alienating
-wasteful with recouces (storage)
-inefficient
-lowers security
-brings in more centralisation
-causes trouble because it's very controversal

i have no idea how anyone in their right minds can vote for this without even demanding alternative proposals

It's not your storage but the storage of the people on their systems. Maybe that's why you like to waste it?

Who are you to chose where microtransaction happen? I thought Bitcoin is all about decentralization and free market. Why are you trying to impose your point?


I'm not choosing where microtransactions happen. They happen where they happen. And who are YOU to try to impose your hardfork on me?


Gawd, this discussion is some toxic bullshit.
I'm out. F*** you all.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!