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821  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 09:24:53 AM
How anything can be a mystery to someone of such overwhelming intelligence is the real puzzle here. Sidestepped again, oh woe is me. It's not my job to explain your own view to you. Only you can bring yourself to your senses, you've proved countless times that you won't hear reason from anyone else.

The thrust of the Rome Burning metaphor is not the fact that Rome burns, but that you are Nero meddling fiddling whilst it happens. You missed that point though, so eager to to try and deny that there is any risk https://medium.com/@octskyward/crash-landing-f5cc19908e32

...and gavin said what now?

There is a very good blog post by David Hudson at hashingit.com analyzing what will happen on the network as we approach 100% full blocks. Please visit that link for full details, but basically he points out there is a mismatch between when transactions are created and when blocks are found– and that mismatch means very bad things start to happen on the network as the one megabyte limit is reached.

The only mystery here is how you could possibly extrapolate "moral bankruptcy" and well being coming "at the expense of others" from Davout's explicit "everyone gets to benefit" specification.  I suspect you are assigning moral solvency exclusively to equality of outcome, like a typical Free Shit Army Marxist.

And for the coup de grace, here is what Gavin said last month about your Sky Falling/Rome Burning/Red Zone/QUICK LET'S ALL PANIC-based attempts to ram through ill-considered hard forks using fear and mass hysteria:



Keep in mind this is the same Gavin who declared "increasing the max block size is urgent" back in early May.  Gavin must be using some exotic radial definition of "urgent" with which I am not familiar, because despite his FUD nothing bad happened, and as a result of 'meddling by doing nothing' we now enjoy the benefits of better node/pool/mine configurations, smarter wallet software, RBF, fee market incubation, and pressure on SC/LN development.

Code:
Gavin in May 2015: "increasing the max block size is urgent"
Gavin in July 2015: "The sky will not fall if the block size stays at 1MB"


#REKT


The problem with calling people 'fucking morons' is it really bites you in the ass when you say something stupid yourself.

Your "coup de grace" only serves to illustrate the point I have made several times here, that whatever anyone says, you will find some way to spin it to suit your own agenda.

Here is your last post, without the fancy words:

I don't understand why its fair for everyone to be able to use the blockchain, I'm afraid that somehow I won't be able to get more benefit than everyone else, so I'll call you names.

I don't really care about facts or reason, I just like arguing on the internet because I feel safe protected by anonymity and the lack of accountability it affords me. Look how I can misconstrue this quote to support my argument.

Hey everyone look at me I am super cool because I can make text red and I know what a hashtag is.

Yeah its ad hom. sue me.
822  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 05, 2015, 10:54:55 AM
What is the mysterious "some other agenda" you are talking about?  If my summation "quite clearly reveals" it, the specifics shouldn't be very hard for you to elaborate.   Grin Grin Grin

The exact names of the financial institutions aren't important, only that their "sanity and honesty are ensured by the holy blockchain."

You are of course aware the radical transparency and real-time accounting/auditing enabled by blockchains in general is all the rage.  So why does it fall upon me to spoon feed you common knowledge as if you are five years old?

You don't ask questions because you want answers. Your questions are devices used to restate another persons argument in such a way that you can then make arguments against them which cannot be refuted. By doing this you are attempting to create the illusion that your arguments actually refute what the other person said (as opposed to your mischaracterisation of what they said).

As this is a generalisation, your immediate reaction is to then go away and discover a single incident where this did not happen, and then argue that because this didn't happen one time, it never happens.

You use the same pattern here, without a question.

Quote
The exact names of the financial institutions aren't important, only that their "sanity and honesty are ensured by the holy blockchain."

[The exact names of the financial institutions aren't important] - Yes exact names are not important.

[only that their "sanity and honesty are ensured by the holy blockchain."] - you attempt to establish the credibility of this statement by contrasting it against the absurd.

This is a recurring theme, and it is the whole basis of your argument. You craft entire walls of text specifically designed to give the impression that you are of superior intellect, and that the other person is a buffoon. You think that by doing this you increase the legitimacy of your position. You do not.

This is the subtlety that you are missing: "Let each thing stand on its own merit"

This applies equally to LN / Sidechains as it does to your own self.

Sometimes one is just plain wrong. Acknowledging this is more important than being right.

For example, your handwaving over full blocks. I likened them to Rome Burning for a very good reason. Full blocks and a constantly increasing mempool cause significant problems. Maybe you should look into it, its the thing that most concerned me and I think is the biggest motivation for making sure that full blocks don't happen.

Peter R's paper, demonstrating the block size is self limiting, puts a fork in it! (so to speak)

It isn't me that is trolling ICE. I post what I believe to be true, based on what I have read, and learned and understood. I think there is a difference between us though: I know I might be wrong, and if I am, I'll be fine about it.

My God, you complain more than an old woman.   Roll Eyes  Of course your victimological dissembling allows you to once again sidestep unanswered questions about your misconstrual of davout's statement.  How could you possibly translate "everyone gets to benefit" into "moral bankruptcy" and well being coming "at the expense of others?"  If you could clear up that mystery, it would be great.

Your exaggerated likening of full blocks to Rome Burning® is hysterical hyperbole.  Even Gavin says full blocks won't cause the sky to fall.

The "significant problems" you mention have even more significant solutions, in the form of better node/pool/mine configurations, smarter wallet software, RBF, fee market incubation, and pressure on SC/LN development.  That's how antifragile works, and will continue to work as Layer 2 is built out.

Another amusing effect of antifragile: nobody cares about a few Quixotic Gavinistas tilting at the block size.

How anything can be a mystery to someone of such overwhelming intelligence is the real puzzle here. Sidestepped again, oh woe is me. It's not my job to explain your own view to you. Only you can bring yourself to your senses, you've proved countless times that you won't hear reason from anyone else.

The thrust of the Rome Burning metaphor is not the fact that Rome burns, but that you are Nero meddling fiddling whilst it happens. You missed that point though, so eager to to try and deny that there is any risk https://medium.com/@octskyward/crash-landing-f5cc19908e32

...and gavin said what now?

There is a very good blog post by David Hudson at hashingit.com analyzing what will happen on the network as we approach 100% full blocks. Please visit that link for full details, but basically he points out there is a mismatch between when transactions are created and when blocks are found– and that mismatch means very bad things start to happen on the network as the one megabyte limit is reached.
823  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 05, 2015, 08:50:44 AM
I've tried really hard to try and see the opposing POV but I come up short every time, and I think that's because I can't understand the philosophy behind making BTC some elitist tool when it seemed right from the outset that it was anything but.

If that makes me part of the "free-shit" army, then so be it. I'm not (yet) so morally bankrupt that I think that my well being can only come at the expense of others. That's what cripplecoin sounds like, thats why I don't want any part of it.

You aren't trying that hard if you can't read and understand this fairly simple, single sentence summation of the opposing POV:

Quote
The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".

Where in Davout's statement is the "moral bankruptcy?"  All I see is economic literacy and an understanding of the technical limitations of scaling Bitcoin I/O.

Where in Davout's statement is the desire for well being coming "at the expense of others?"  All I see is a workable plan for radical inclusion ("everyone gets to benefit"), albeit not in the manner preferred by those with atrociously paltry understandings of Bitcoin and economics.

Who are these financial institutions, and why do assume they are necessary. You seem to ignore the fact that bitcoin is money. Its a medium of exchange, a unit of account, a store of value. The blockchain facilitates these things. Your financial institutions are an unnecessary complexity, the blockchain doesn't need financial institutions it *is* the institution.

Your summation quite clearly reveals some other agenda. You know that increasing the block size undermines it, so you are fighting tooth and nail to try and prevent it.


How nice of you to ignore my two questions (Where in Davout's statement is the "moral bankruptcy?" and Where in Davout's statement is the desire for well being coming "at the expense of others?"), thereby backing off your previous unkind assertions about our motivations.

Oh wait, you are still speculating about motives.  Ok fine, let's 'go there' again....   Roll Eyes

What is the mysterious "some other agenda" you are talking about?  If my summation "quite clearly reveals" it, the specifics shouldn't be very hard for you to elaborate.   Grin Grin Grin

The exact names of the financial institutions aren't important, only that their "sanity and honesty are ensured by the holy blockchain."

You are of course aware the radical transparency and real-time accounting/auditing enabled by blockchains in general is all the rage.  So why does it fall upon me to spoon feed you common knowledge as if you are five years old?

You don't ask questions because you want answers. Your questions are devices used to restate another persons argument in such a way that you can then make arguments against them which cannot be refuted. By doing this you are attempting to create the illusion that your arguments actually refute what the other person said (as opposed to your mischaracterisation of what they said).

As this is a generalisation, your immediate reaction is to then go away and discover a single incident where this did not happen, and then argue that because this didn't happen one time, it never happens.

You use the same pattern here, without a question.

Quote
The exact names of the financial institutions aren't important, only that their "sanity and honesty are ensured by the holy blockchain."

[The exact names of the financial institutions aren't important] - Yes exact names are not important.

[only that their "sanity and honesty are ensured by the holy blockchain."] - you attempt to establish the credibility of this statement by contrasting it against the absurd.

This is a recurring theme, and it is the whole basis of your argument. You craft entire walls of text specifically designed to give the impression that you are of superior intellect, and that the other person is a buffoon. You think that by doing this you increase the legitimacy of your position. You do not.

This is the subtlety that you are missing: "Let each thing stand on its own merit"

This applies equally to LN / Sidechains as it does to your own self.

Sometimes one is just plain wrong. Acknowledging this is more important than being right.

For example, your handwaving over full blocks. I likened them to Rome Burning for a very good reason. Full blocks and a constantly increasing mempool cause significant problems. Maybe you should look into it, its the thing that most concerned me and I think is the biggest motivation for making sure that full blocks don't happen.

Peter R's paper, demonstrating the block size is self limiting, puts a fork in it! (so to speak)

It isn't me that is trolling ICE. I post what I believe to be true, based on what I have read, and learned and understood. I think there is a difference between us though: I know I might be wrong, and if I am, I'll be fine about it.
824  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 04, 2015, 08:43:01 PM
...snip...

I'm guessing you don't quite understand the nuances behind the idea icebreaker is trying to lead you to.. or maybe you outright disagree. Here is Peter Wuille's version of the same logic:

Quote
I see centralization and scalability as a trade-off, and for better or for worse, the block chain only offers one trade-off. I want to see technology
built on top that introduces lower levels of trust than typical fully centralized systems, while offering increased convenience, speed, reliability, and scale. I just don't think that all of that can happen on the lowest layer without hurting everything built on top.
We need different trade-offs, and the blockchain is just one, but a very fundamental one.
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/009908.html

You guess wrong. I understand the potential benefits of those technologies. Ice has made it clear that he wants to force adoption of those technologies by meddling with bitcoin.

I've already said what I think of that...

...snip...
I think block size increase should be done in good time to stop all of this forced LN/sidechain/alt-coin nonsense you are pimping. If those things are good, and wanted then they will stand on there own merit. Whereas you think we should do it later, after rome is burning.
...snip...
825  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 04, 2015, 12:53:30 PM
Just finished Peter R's paper. Really excellent, clear, and much-needed formalization of an important aspect of the debate often mentioned here.

Is that the sound of the tide turning I hear?

I don't think the actual tide was ever in doubt, just a few noisy ego's yelling King Canute style. Wink
826  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 04, 2015, 11:57:57 AM
I’d like to share a research paper I’ve recently completed titled “A Transaction Fee Market Exists Without a Block Size Limit.”  I formalizes the ideas from Cypherdoc, Adrian-X, thezerg, Rocks, ZB, Justus Ranvier, Solex, Melbustus, Majamalu and many others here.   In addition to presenting some useful charts such as the cost to produce large spam blocks, I think the paper convincingly demonstrates that due to the orphaning cost, a block size limit is not necessary to ensure a functioning fee market.  

The paper does not argue that a block size limit is unnecessary in general, and in fact brings up questions related to mining cartels and the size of the UTXO set.  

It can be downloaded in PDF format here:

https://dl.dropboxusercontent.com/u/43331625/feemarket.pdf

Or viewed with a web-browser here:

https://www.scribd.com/doc/273443462/A-Transaction-Fee-Market-Exists-Without-a-Block-Size-Limit

And here is its Reddit thread:

https://www.reddit.com/r/Bitcoin/comments/3fpuld/a_transaction_fee_market_exists_without_a_block/




Hero member indeed! A functioning bitcoin economy without a(n artificial) block size limit and not a sedition in sight. Marvellous.
827  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 04, 2015, 11:37:11 AM
I've tried really hard to try and see the opposing POV but I come up short every time, and I think that's because I can't understand the philosophy behind making BTC some elitist tool when it seemed right from the outset that it was anything but.

If that makes me part of the "free-shit" army, then so be it. I'm not (yet) so morally bankrupt that I think that my well being can only come at the expense of others. That's what cripplecoin sounds like, thats why I don't want any part of it.

You aren't trying that hard if you can't read and understand this fairly simple, single sentence summation of the opposing POV:

Quote
The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".

Where in Davout's statement is the "moral bankruptcy?"  All I see is economic literacy and an understanding of the technical limitations of scaling Bitcoin I/O.

Where in Davout's statement is the desire for well being coming "at the expense of others?"  All I see is a workable plan for radical inclusion ("everyone gets to benefit"), albeit not in the manner preferred by those with atrociously paltry understandings of Bitcoin and economics.

Who are these financial institutions, and why do assume they are necessary. You seem to ignore the fact that bitcoin is money. Its a medium of exchange, a unit of account, a store of value. The blockchain facilitates these things. Your financial institutions are an unnecessary complexity, the blockchain doesn't need financial institutions it *is* the institution.

Your summation quite clearly reveals some other agenda. You know that increasing the block size undermines it, so you are fighting tooth and nail to try and prevent it.
828  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 03, 2015, 08:41:48 PM

I cut my exposure to equities by half today, AAPL was amongst those that got the chop!

So it was you!

BTW, your simplicity argument against complex, conceptual only layer 2 solutions was spot on.

That would be some serious whale action to be able to move a market that big Smiley or maybe it was butterfly wings...

I thought the simplicity argument was self-evident and shouldn't need anyone to explain it! Somebody gotta try and cut through the crapflood though. I've tried really hard to try and see the opposing POV but I come up short every time, and I think that's because I can't understand the philosophy behind making BTC some elitist tool when it seemed right from the outset that it was anything but.

If that makes me part of the "free-shit" army, then so be it. I'm not (yet) so morally bankrupt that I think that my well being can only come at the expense of others. That's what cripplecoin sounds like, thats why I don't want any part of it.
829  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 03, 2015, 08:06:13 PM
this can't be good:



I cut my exposure to equities by half today, AAPL was amongst those that got the chop!
830  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 02, 2015, 08:37:16 PM
The nature of bitcoin is that if mining becomes too centralized and the miners decide on an unpopular fork, the users can just ignore them (well, we will need some miners, and in the worst case we might have to manually drop the difficulty to keep things running with less hashpower).

As long as the user base disagrees with the change, they don't have to follow along.  More users is more decentralized. The miners only have as much power as we grant them, and we can take it away if necessary.

...
When did miners decide on a fork anyway?
...


When the fork includes code that waits for a majority condition before triggering the production of blocks that the minority will reject as invalid.

Once the majority are running the new version and the condition is triggered then they will start mining those blocks, and the new blockchain becomes longer. Anyone that doesn't then get with the programme is effectively mining an alt coin.

Thats how miners decide. If they all stick with version N-1 blocks then version N blocks never happen.
831  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 31, 2015, 08:46:15 AM
Fully parsed, what you are claiming is
Quote
The simple solution is to remove the artificial cap hard fork Bitcoin.
Do you realize how naive that makes you look?

If you truly understood your own position then you would argue it instead of just railing at people who might have an opposing view. Call me some more names, it's really helping the credibility of your argument.

What *is* bloat? (apart from the intentional choice of hyperbolic word). Can you put a value on what is considered bloated? Can you confidently say that your idea of what constitute bloat is some world wide standard?

You put words in my mouth, then claim those invented words make me look stupid. In fact this only serves to make you look even more desperate. if I didn't understand the maxim, I would not be able to point out just how incoherent your thought process must be if you are attempting to equate feature-set with size-of-data. I understand the difference between feature-set and data-size, do you? I'll bet you do. So, don't even for one second pretend you think that systems with more data are inherently more complex than systems with less data.

Do you truly believe they are the same thing or are you again being disingenuous in order to try and maintain your tenuous argument that effectively 'changing a config setting' is somehow more complicated than developing a whole new platform and all the interfaces necessary to communicate.

Its about as elegant as your debating skill....

Fully parsed your argument against Gavin's fix for CVE-2013-2292 seems to be, don't do it because it increases complexity. Again disingenuous or actually not very smart?

Then finally you try to create further confusion between the feature-set of software vs its deployment. To be clear, what is being kept simple is the software. I'm interested to know though just exactly what it is that is complex about the hard fork. I can think of other words that might apply - contentious, unpredictable even undesirable - depending on your viewpoint - but not complex. You put the new release up, and those that want it deploy it. Those that don't do not.

Interestingly those words that apply to the hard fork, could quite easily be used to describe intentionally restricting transaction growth by refusing to update the max block size. So in that respect both 'solutions' are equal.

In another very important respect, they are not equal. Releasing a version of bitcoin core with an increased block size allows for true consensus from the user base. Refusing to do so, is enforcing the view of some core-devs. That's what is despicable.

Thankfully in time, once the details have been ironed out and devs eventually accept some form of block size increase schedule (and they will, however much you cling to your delusion) the hard fork can happen in core, and then the miners can have the final say in what goes forward. If everyone sticks on 1MB coin then you get your wish! I'll send you a cookie, iced with the words "Well done you!".

I think though, that is what you are terrified of. That you know there is actually no way in hell the block size will stay at 1MB, but you are so married to your position that you can't let go and will say anything to defend it. It comes across in your posts.

"Truly understood?"  The True Scotsman called and asks you return his kilt ASAP.   Tongue

Fret and mewl more about being called mean names, your endless concern-meta scoldings and finger-wagging process objections (we already know you are afraid to "fight features") are really helping the credibility of your argument.   Cheesy

The only way to remove the 1MB cap is via a hard fork.  Thus my parsing of your absurd assertion regarding "The Simple SolutionTM" is logically correct.

To quote Hearn, "don't pretend any of this stuff is obvious."

You asked "what is bloat?"  Bloat is Gavincoin, with its undesirable sacrifice of security for (the feature of) MOAR TPS.

I made no generic claims about whether "systems with more data are inherently more complex than systems with less data."

That depends on the inheritances (ie data dependencies or non-dependencies) of the system in question.  Usenet?  No.  Bitcoin?  Yes.  Your retreat into generalities is noted, with all due scorn.   Wink

Raising the block size, if done responsibly with a view to present entailments (100k max tx) and forward implications (Future Gavin vs 2015 Gavin), is not as obvious as 'changing a config setting.'  Again, "don't pretend any of this stuff is obvious."  DoS blocks are only one example of why Bitcoin is only now scaling to 1MB, and why massive order-of-magnitude jumps are hubris.

I want to enable Layer 2+ using the minimum of additional functionality in Layer 1.  You want to stuff all of Layer 2+ into Layer 1.  It doesn't take a PhD in linguistics to see who is proposing bloat.   Grin

Funny how you try to throw the term "eventually" in my face, when I've already said I agree a block size will happen in exactly that timespan.  Quick, pout moar about what a horrible person I am for agreeing with Satoshi!

Layer 1 and Layer 2 has nothing to do with software features, its an arbitrary economic division that you are using to try and confuse the issue. (Or are confused by?).

I think block size increase should be done in good time to stop all of this forced LN/sidechain/alt-coin nonsense you are pimping. If those things are good, and wanted then they will stand on there own merit. Whereas you think we should do it later, after rome is burning.

What is your motive for this?
832  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 29, 2015, 09:21:33 PM
The introduction of sidechains, LN and whatever other solutions is a complicated solution. It's also a solution motivated by a desire to fix a perceived economic issue, rather than sticking to the very simple issue at hand. It is the very opposite of what you are claiming to be important, that software should be kept simple.

That is a contradiction.

The simple solution is to remove the artificial cap. A cap that was put in place to prevent DDOS.

Your reference of CVE-2013-2292 is just distraction. It is a separate issue, one that exists now and would continue to exists with a larger block size.

Bloating Layer 1 is a complicated solution; scaling at Level 2+ is an elegant one.

You still don't understand Tannenbaum's maxim.  Its point isn't 'keep software simple FOREVER NO MATTER WHAT.'  That is your flawed simpleton's interpretation.

"Fighting features" means ensuring a positive trade-off in terms of security and reliability, instead of carelessly and recklessly heaping on additional functionality without the benefit of an adversarial process which tests their quality and overall impact.

One does not simply "remove the artificial cap."  You may have noticed some degree of controversy in regard to that proposal.  Bitcoin is designed to strenuously resist (IE fight) hard forks.  Perhaps you were thinking of WishGrantingUnicornCoin, which leaps into action the moment anyone has an idea and complies with their ingenious plan for whatever feature or change they desire.

Like DoS, CVE-2013-2292, as an issue that exists now, is fairly successfully mitigated by the 1MB cap.  It is not a separate concern because larger blocks exacerbate the problem in a superlinear manner.  You don't get to advocate 8MB blocks, but then wave your hands around eschewing responsibility when confronted with the immediate entailment of purposefully constructed 8MB tx taking 64 times longer to process than a 1MB one.  The issue is intrinsic to larger blocks, which is why Gavin proposed a 100k max tx size be married to any block size increase.

Fully parsed, what you are claiming is

Quote
The simple solution is to remove the artificial cap hard fork Bitcoin.

Do you realize how naive that makes you look?

If you truly understood your own position then you would argue it instead of just railing at people who might have an opposing view. Call me some more names, it's really helping the credibility of your argument.

What *is* bloat? (apart from the intentional choice of hyperbolic word). Can you put a value on what is considered bloated? Can you confidently say that your idea of what constitute bloat is some world wide standard?

You put words in my mouth, then claim those invented words make me look stupid. In fact this only serves to make you look even more desperate. if I didn't understand the maxim, I would not be able to point out just how incoherent your thought process must be if you are attempting to equate feature-set with size-of-data. I understand the difference between feature-set and data-size, do you? I'll bet you do. So, don't even for one second pretend you think that systems with more data are inherently more complex than systems with less data.

Do you truly believe they are the same thing or are you again being disingenuous in order to try and maintain your tenuous argument that effectively 'changing a config setting' is somehow more complicated than developing a whole new platform and all the interfaces necessary to communicate.

Its about as elegant as your debating skill....

Fully parsed your argument against Gavin's fix for CVE-2013-2292 seems to be, don't do it because it increases complexity. Again disingenuous or actually not very smart?

Then finally you try to create further confusion between the feature-set of software vs its deployment. To be clear, what is being kept simple is the software. I'm interested to know though just exactly what it is that is complex about the hard fork. I can think of other words that might apply - contentious, unpredictable even undesirable - depending on your viewpoint - but not complex. You put the new release up, and those that want it deploy it. Those that don't do not.

Interestingly those words that apply to the hard fork, could quite easily be used to describe intentionally restricting transaction growth by refusing to update the max block size. So in that respect both 'solutions' are equal.

In another very important respect, they are not equal. Releasing a version of bitcoin core with an increased block size allows for true consensus from the user base. Refusing to do so, is enforcing the view of some core-devs. That's what is despicable.

Thankfully in time, once the details have been ironed out and devs eventually accept some form of block size increase schedule (and they will, however much you cling to your delusion) the hard fork can happen in core, and then the miners can have the final say in what goes forward. If everyone sticks on 1MB coin then you get your wish! I'll send you a cookie, iced with the words "Well done you!".

I think though, that is what you are terrified of. That you know there is actually no way in hell the block size will stay at 1MB, but you are so married to your position that you can't let go and will say anything to defend it. It comes across in your posts.
833  Economy / Speculation / Re: Direction is NNE (north northeast) - MOON TIME on: July 29, 2015, 02:40:19 PM
i hate to watching price going up so hard and going down so easy. it seems 300 dollars too high to reach.

this is exactly what the bears don't want. its the opposite of the last six months or so where the overall momentum was always downwards, and the spikes up were fragile and unsustainable.

these are the low prices that nobody catches because they are still waiting for the bottom and don't realise its already in.
834  Economy / Speculation / Re: how many people in the world own any amount of Bitcoin? on: July 29, 2015, 08:53:21 AM
There are 523083 registered members here so from that I deduce about 7 people hold bitcoin.
835  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 29, 2015, 08:51:54 AM
Misrepresenting my position then arguing against that isn't going to cut it.

I said the problem is that the block size is too small, and that the solution is to make the block size bigger. That doing this requires no additional functionality. I contrasted this to the sidechain solution which does require additional functionality. As you rightly say nobody is claiming that is entirely the solution, but that is irrelevant, the point is that this or other solution(s) that require extra functionality are the very thing that your Tanenbaum quote warns against.

All that stuff you said about how we need to change TX size, thats some other thing. Either you are intentionally conflating the two, which is disingenuous or you really can't tell the difference, which I doubt is the case.

It looks to me like your emotional attachment to your position is causing your reasoning to become irrational. I don't think anyone's argument is absurd. I can see how enforcing higher fees benefits some parties, I think that misses the big picture which is that it *requires* additional functionality.

I'm not frightened of pissing contests, I think they are childish. You don't need to "fight" anything. As a smart human being we all need to listen, think and reason. Not inject hyperbole, and inflammatory language into posts to try and bully your opposition. Your argument should stand on its own merit and not the vehemence with which it is delivered.

We do need to "fight" features.  Tannenbaum's maxim is a restatement of the KISS principle.  I don't care if you can't see or won't accept that because of your economic illiteracy and a priori attachment to the absurd Red Queen interpretation.  The fight is happening (with your participation) whether you like it or not, mooting your objections.

I'm not "misrepresenting" your position.  The problem is that you don't understand your own position.   Cheesy

"Contrived" 1MB tx bog down the network and present an attack vector.  8MB tx would 8^2 times worse, and thus the added complexity/functionality of larger blocks is demonstrated (your feeble speculative whining about my "emotional attachment" notwithstanding).

This is Sergio's conclusion; and Gavin's (present) ad hoc workaround is to marry (IE "conflate") a 100k tx size limit to any blocksize increase. 

Let me be clear because you are a slow learner: The intentional conflation of 100k tx size limits and larger blocks is Gavin's quasi-solution to the additional functionality/complexity required by larger blocks, not my "disingenuous" personal interpretation.  You were completely wrong about that (among other things).

What frightens me is that the whole thing seems to have turned into a pissing contest.
I'm not frightened of pissing contests

If you could stop contradicting yourself, that would be great.  Wink

The introduction of sidechains, LN and whatever other solutions is a complicated solution. It's also a solution motivated by a desire to fix a perceived economic issue, rather than sticking to the very simple issue at hand. It is the very opposite of what you are claiming to be important, that software should be kept simple.

That is a contradiction.

The simple solution is to remove the artificial cap. A cap that was put in place to prevent DDOS.

Your reference of CVE-2013-2292 is just distraction. It is a separate issue, one that exists now and would continue to exists with a larger block size.

Great job on affirming your emotional attachment by posting inflammatory content, irrational argument and personal insults.

LN isn't really about fixing a perceived economic issue, it is about secure instant payments, something Bitcoin by itself can't do at all. The observation may be that if many routine/small transactions move to such a system, the need for such transactions on the main chain is reduced, but that is secondary. Even if the main chain had infinite capacity Lightning would still be extremely useful.



Yes I see your point. As a solution to block size issue I think its fair to say its still complex.

That is not to say it shouldn't still be done - as you say it may be very useful for instant transactions. (I still think those can happen on chain though but time will tell)
836  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 29, 2015, 07:51:58 AM
Misrepresenting my position then arguing against that isn't going to cut it.

I said the problem is that the block size is too small, and that the solution is to make the block size bigger. That doing this requires no additional functionality. I contrasted this to the sidechain solution which does require additional functionality. As you rightly say nobody is claiming that is entirely the solution, but that is irrelevant, the point is that this or other solution(s) that require extra functionality are the very thing that your Tanenbaum quote warns against.

All that stuff you said about how we need to change TX size, thats some other thing. Either you are intentionally conflating the two, which is disingenuous or you really can't tell the difference, which I doubt is the case.

It looks to me like your emotional attachment to your position is causing your reasoning to become irrational. I don't think anyone's argument is absurd. I can see how enforcing higher fees benefits some parties, I think that misses the big picture which is that it *requires* additional functionality.

I'm not frightened of pissing contests, I think they are childish. You don't need to "fight" anything. As a smart human being we all need to listen, think and reason. Not inject hyperbole, and inflammatory language into posts to try and bully your opposition. Your argument should stand on its own merit and not the vehemence with which it is delivered.

We do need to "fight" features.  Tannenbaum's maxim is a restatement of the KISS principle.  I don't care if you can't see or won't accept that because of your economic illiteracy and a priori attachment to the absurd Red Queen interpretation.  The fight is happening (with your participation) whether you like it or not, mooting your objections.

I'm not "misrepresenting" your position.  The problem is that you don't understand your own position.   Cheesy

"Contrived" 1MB tx bog down the network and present an attack vector.  8MB tx would 8^2 times worse, and thus the added complexity/functionality of larger blocks is demonstrated (your feeble speculative whining about my "emotional attachment" notwithstanding).

This is Sergio's conclusion; and Gavin's (present) ad hoc workaround is to marry (IE "conflate") a 100k tx size limit to any blocksize increase. 

Let me be clear because you are a slow learner: The intentional conflation of 100k tx size limits and larger blocks is Gavin's quasi-solution to the additional functionality/complexity required by larger blocks, not my "disingenuous" personal interpretation.  You were completely wrong about that (among other things).

What frightens me is that the whole thing seems to have turned into a pissing contest.
I'm not frightened of pissing contests

If you could stop contradicting yourself, that would be great.  Wink

The introduction of sidechains, LN and whatever other solutions is a complicated solution. It's also a solution motivated by a desire to fix a perceived economic issue, rather than sticking to the very simple issue at hand. It is the very opposite of what you are claiming to be important, that software should be kept simple.

That is a contradiction.

The simple solution is to remove the artificial cap. A cap that was put in place to prevent DDOS.

Your reference of CVE-2013-2292 is just distraction. It is a separate issue, one that exists now and would continue to exists with a larger block size.

Great job on affirming your emotional attachment by posting inflammatory content, irrational argument and personal insults.
837  Economy / Speculation / Re: What do you expect from the halving in 2016? on: July 28, 2015, 08:09:22 PM
Since the halving is a known future event, it should already be priced into the current price.

Miners are presumably planning in advance for the halving.  Right now, nobody should be buying hardware that won't make money after the halving.  A lot of older hardware will be shut down as no longer cost-effective.


The profitability of mining is a function of block reward and price. Although people know the block reward is halving they still don't know what the price will be, so how can the market price it in now?
838  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum is the future of crypto, bitcoin is not. on: July 28, 2015, 07:58:13 PM
Let me get this straight if $new_coin captures $arbitrary_small_but_credible_percentage of $some_preexisting_global_economic_market then moon.

I sense deja-vu  Cheesy
839  Economy / Speculation / Re: Pattern Recognition 101 on: July 28, 2015, 07:55:52 PM
This time could be different, an altogether new beast. During the transition to this next order of magnitude, many wealthy smart people are going to recognize that this pattern will not stop until all fiat wealth has been consumed. The new post-boom high could end up being much higher than 2,500 $.

sources confirm it
840  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 28, 2015, 07:52:26 PM
hang on.  Dow futures -20.

I have a question...

Everything seems to be going down (except bitcoin, but I exclude it here because it's negligibly small).

Where's the money going?


deleveraging as a precursor to incoming deflation?
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