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321  Economy / Speculation / Re: EXPERT: Bitcoin has Been Infiltrated on: March 12, 2017, 02:06:21 PM
Im not sure if this is a joke? I stopped watching after her first sentence:

"Bitcoin has been infiltrated. That's why its performance has been so poor."

Classic cognitive bias case. You refuse to consume information that contradicts with your established belief system.

Yeah, but disagreeing that bitcoin's performance has been 'poor' doesn't count as cognitive bias in any sane person's book.

So, to conclude.. you're the idiot here and tabnloz is spot on.

Next.

And you have a bias bias. The blind assumption that you are less biased than other bears in the forest.
322  Economy / Speculation / Re: EXPERT: Bitcoin has Been Infiltrated on: March 12, 2017, 01:59:16 PM
We can all agree that this technical issue is alarming for bitcoin's development. First of all what will happen when they accept Segwit inspite of btc unlimited? I am not a technical expert on this matter. What are the effects on the price, adoption etc, and most important why will bitcoin be infiltrated by Segwit and not by bitcoin unlimited? And we should not talk about eth scam. When windows sees that it is nothing more than an fancy monkey in a nice looking suit they will dump it and eth will collapse. dash is going to explode , huge nuke explosion incoming. They are just building their final buble right here. It will be fun to watch when it explodes.

Don't judge people by what they say, judge them by their actions. If you look at the code changes proposed by SegWitCoin then we see a trojan horse (evil). If you look at code changes proposed by Bitcoin Unlimited then we see what the community wants (smaller TX fees). When SegWit goes through banksters will have a way to cut a profit from BTC transactions (being the middle men that they are). When BU goes through the last window of opportunity for banksters to corrupt Bitcoin will effectively close. So it's not really a big question whether BU does not impose the same threat on Bitcoin as SegWitCoin does. You just have to look what they are proposing and accept the good stuff. Whenever in the future it happens that BU is trying to centralize Bitcoin and work against the will of BTC community we can ditch them too the same way we are going to ditch SegWitCoin.
323  Economy / Speculation / Re: EXPERT: Bitcoin has Been Infiltrated on: March 12, 2017, 01:29:45 PM
Im not sure if this is a joke? I stopped watching after her first sentence:

"Bitcoin has been infiltrated. That's why its performance has been so poor."

Classic cognitive bias case. You refuse to consume information that contradicts with your established belief system.
324  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 12, 2017, 01:18:35 PM
Bitcoin Unlimited doing good. We can make this altcoin bubble burst, just keep supporting the good stuff.

325  Economy / Speculation / EXPERT: Bitcoin has Been Infiltrated on: March 12, 2017, 01:08:23 PM
Well this sucks, I knew it.

https://www.youtube.com/watch?v=rp6DaMiORBU

But at least it proves SegWit is evil and should be rejected ASAP if we want BTC to keep ruling them all.

BTW, ETH, DASH and monero are all PnD vapourware/shitcoins. Only buy/sell it to profit on idiots who actually believe in those. The true innovation is ByteBall but it is probably going to take a while when it becomes popular mainly because there is no ICO. No ICO = no ICO funds to be spent on paid ads and marketing (point @ ETH and other shit).

Ethereum is no threat because it's not even a currency and their branding is just awful. A taxidriver would never buy ethereum. Dash got it semi-right by ditching "darkcoin" but it has no innovation so it will fade away as soon as the whales have unloaded their stash.
326  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 10, 2017, 06:52:14 AM
I wish i was able to understand what those half-wit and non-limited things actually meant...

BU supporters sayin SW is evil and SW supporters say the opposite.

Can someone explain the basic differences between them? Not anything technical. Just basic.

For example; will BU lower the transaction fees?
The problem some people have with SegWit is that it not pure protocol upgrade and Blockstream will try to appropriate bitcoin network using SegWit as a backdoor.

Bitcoin Unlimited main point is removal hard coded blocksize limit of 1 MB, and instead introduce soft limit, which can be easily be increased to 3MB, 4MB, and so on in the future.

Bigger blocks will have mainly 2 effects - it enables BTC to process more transactions per second and will lower transaction fees.
this isn't quite right.
BU does not remove the limit.
BU isn't even much of a change for the status quo
BU keeps a limit.
the only real difference as that it doesn't require a 1 line edit + recompile to change that limit.
ofocure the code is more involved then this, BU clients take EB and AD and such into consideration, but thats besides the point.
the point is, BU doesn't remove the limit, it just makes it user define instead of hardcoded.

I believe the biggest plus to making this blocksize limit "market driven", is that it will allow for a stable TX fee market to form.

with a static limit the size of blocks will never be optimal and always lead to a screwed up fee market, either their is simply to much blockspace ( 8MB ) in which the fee market dies and all BTC TX get in a block with no fee at all, or the blocksize is to small (1MB) and miners loss out on potential fees of including a few more TX on each block.

with this market driven limit we will not see 1MB 2MB 8MB blocks.... Nope, miners will quickly realize that its in there best interst to have a blocksize limit which creates SOME fee pressure. besides the whole "bigger blocks will hurt decentration"  rhetoric, there will be a real economic incentive to agree on a minimalistic blocksizelimit.

we'll see block size incress at rate which keeps fee pressure at an optimal rate, and honestly i just dont see TX demand going up 10X  in a year. what is more likely IMO is seeing blocks grow like  1.1MB 1.25MB 1.4MB .... up to 8MB 4 years from now once fee paying BTC TX demand has increased about 8x

I agree with Slark but his answer was obviously not the whole answer.

I have a giant problem with BlockStream using SegWit as a trojan horse to gain control over Bitcoin. I also have philosophical reasons how software should be developed and I don't think bundling a bunch of untested features into one package and deliver it to the users is a good thing to do.

I also agree with Killerpotleaf because he is right, BU will enable truly free TX fee market and it is going to be awesome. We have already powerful features such as block chain pruning, prioritized mempool, child-pays-for-parent and estimatetxfee command (all of them empower free market). Now the only thing remaining is to get rid of the block size limit and let it be driven by the free market. When that's done we should focus on lightning network and other such nice-to-have features.

Also, here's a today's update on SegWitCoin losing to Bitcoin Unlimited even more day-by-day:
327  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 10:21:28 PM
Of course, I wouldn't base my decision only on that.  Unfortunately I'm hard pressed to find a rational argument in favour of Segwit over BU.  I thought surely there would be one since I would assume the group that is working on Segwit is full of highly intelligent individuals that understand the nuts and bolts of Blockchain and Bitcoin very well.  I usually end up reading the reasons to support segwit are:

-slanderous statements against individuals that are in support of BU
-claims of impending doom to the network should BU be implemented with no technical explanation or reasoning, or ones not based on facts.
-claims that BU creates a centralized model, but without explaining how increasing block size above 1MB does this?  At the same time not explaining how forcing the majority of transactions to be done by centralized off chain hubs with need for trusted third parties in the "dark" does not create more of a centralized system.
-claims that BU is bad because it incentives mining, even though that is how the blockchain and bitcoin maintain their security and strength and incentive to mine is core to the maintenance of the network.

Here's a snapshot of this week's debate regarding this new altcoin "SegWitCoin" that wants to become Bitcoin.

Johnny (of Blockstream) vs Roger Ver - Bitcoin Scaling Debate (SegWit vs Bitcoin Unlimited)



Body language doesn't lie. Johnny is aware of his weakness and is afraid that he is not able to defend SegWit well enough to please his bankster masters, rightly so.
328  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 08:42:14 PM
I think it's laughable that Core supporters won't stop whining about Roger Ver, as if he were really some kind of Bitcoin Boogeyman.

The fact that one side has to engage in personal attacks & smear campaigns against the other side is really, really telling.

It is a sign of weakness if you have to slander your opponent with blatant lies and exaggerations.

This is one thing I noticed a lot of coming from the Segwit side.  From previous experience in other situations similar to this, it doesn't paint a pretty picture of what they have to give to the public.

It is especially concerning that all the "coin news" blogs seem to be biased and in favour of SegWit. A news reporter/blog writer should generally remain neutral, research both sides and try to give an objective evaluation of the situation. What I see more and more are attempts to manipulate the public opinion in favour of SegWit. It's utterly disgusting. I know I know BlockStream would go bankrupt if SegWit is rejected. Their whole business model is to gain sole control over the Bitcoin network similarly to how Ethereum Foundation is a central entity having a private block chain they call Ethereum. So they reverse transactions just like that. No wonder we see censoring and brainwashing, it's all backed up by the money of Blockstream investors who were sold the promise of becoming the owners of the Bitcoin network.
329  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 07:33:31 PM
Core 0.14 allows manual prunning of the blockchain, to a minimum of 450 MB(<- that is the number that I remember).

Yes, this is a really nice feature. So block chain size in general is a non-issue. People should just stop spreading paranoia about it, it's embarrassing.
330  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 07:19:38 PM

what you just said is not true. stop spreading lies.

Bitcoin Unlimited is much more than just block size increase - one feature at a time. The most urgent one is block size increase.

So you just admitted that the BU is just about block size increase for now  Grin

You didn't answer on technical problematics : _What about the total blockchain size which will grow exponentially faster with a block size increase ?
                                                              _What will be the block size with BU ? By choice of miners ? So the security problems and immutability problems that will result ?
                                                              _I'm not saying that segwit is essential, i think it's the best solution for now but of courseall solutions could always be better  Roll Eyes but if segwit will be rejected well i wouldn't think bitcoin is dead but if the chain split or if BU become the established chain i would reconsider my position on mid-term long-term investments due to the problematics that will cause

Blockchain size is not a problem of the Bitcoin protocol. It is a technical problem that can be overcome by technical means. It is a full node implementation related issue and thus not even worth talking about. Block chain size is never going to be a problem because digital storage does not cost much at all and technically it is possible to store the block chain in a decentralized manner. Instead of every full node storing the whole copy of the block chain they could only store parts of it proportionally to their disk capacity. When every full node stores random parts of the block chain then the block chain will still exist but is simply spread over the whole network rather than duplicated on every device. We also have block chain available in the torrent network so don't worry, nothing is lost. It's just a technical issue and it can be solved. Right now there just isn't big enough incentive to solve it and for that reason full nodes are still storing full copies of the block chain.
331  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 07:10:30 PM
I don't care about attack surfaces, but i DO care about not falling under a PBOC-driven cabal, present company excluded.

BlockStream bankster maffia is no better, so this really isn't a valid argument you have there. If SegWit goes through BlockStream would have monopoly over Bitcoin development. Someone truly being the "Bitcoin CEO" won't be a joke then.

BU is in control of a few Cinese miners, i think this central mining cartel isn't so decentralised, right? How much does Roger Ver pays you to mine ChinaCoin?  While Satoshi's vision is already absolute, the majority of the whole economic infrastructure wants SegWitt, NOT BU, BU miners will eventually mine for a loss sooner ore later. Blockstream ore Core's behaviour is irrelevant, ceo's, Exchanges, walletproviders, merchants etc the all dont care about it, except BU supporters Undecided

SegWit is in control of a few banksters from BlockStream and their lap dogs (Johnny and other Core devs). Roger does not pay me anything. I am exposing the SegWit lies from my free time for free ever since Bitcointalk mods censored my free speech in here. I made a Bitcoin Unlimited topic under Bitcoin general discussion and it got moved to altcoin board. The censorship guys made a powerful enemy that day and I promised publicly to do everything in my power to expose the corrupt SegWit/Core devs. And censoring tells really a lot about the agenda of BlockStream/Core. It's a big red flag.

So what do I get out of this you may ask? I'm a bitcoin hodler since 2012 and I just happen to be technically adept enough to understand that SegWit is really bad for Bitcoin. It just happens that BU is currently the only good alternative. Ideally there would be many dev teams all around the world working independently on improving the Bitcoin protocol. Wallet implementations should also be decentralized and that's why we must ditch the Core team. Core team's bitcoin-core implementation does not equate to Bitcoin. Bitcoin is a protocol not a protocol implementation and a technical variable such as the block size does not belong to the protocol layer. Block size is already limited by network speed, it does not require an arbitrary limit imposed by a bunch of self-proclaimed Bitcoin-CEOs.

SegWit supporters are like Hilary Clinton supporters. They play it dirty and they are sore losers.
332  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 06:47:42 PM
That is not true, that solves temporary i'm agree (short term) the problematics of high fees and increases the capacity of number of transactions /s but the total blockchain size would become exponentially faster a problem than with little blocks, this isn't elegant at all this is just basically a brutal short term approach, with that said the code of BU would cause many security problems and uncertainties on the immutability of Bitcoin now and that will mean the end of the project and would mean a big NON SENSE for investors who are searching a mean of storing value via a secured and immutable system.
And by the way The Core blocks represent still 73.4% of the blocks, BU is a minority which want to spread political rhetoric and non-scientifics argues to divide the Bitcoin community and kill bitcoiin because of their greed and their egocentralized point of view

what you just said is not true. stop spreading lies.

Bitcoin Unlimited is much more than just block size increase. They are implementing all the nice feature SegWit has slapped together except BU is doing it conceptually in a correct way --- one feature at a time. The most urgent one is block size increase. So basically what you just said is warm air, no content.
333  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 06:17:52 PM
I don't care about attack surfaces, but i DO care about not falling under a PBOC-driven cabal, present company excluded.

BlockStream bankster maffia is no better, so this really isn't a valid argument you have there. If SegWit goes through BlockStream would have monopoly over Bitcoin development. Someone truly being the "Bitcoin CEO" won't be a joke then.
334  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 05:55:08 PM
Is there some where someone can find a good objective review of the pros and cons of both BU and Segwit and legitimate reasons why people are so viscously apposed to one or the other? 

I've so far seen some coherent reasons for why people are not a fan of Segwit, but I really haven't seen much a rational argument from Segwit supporters. 

I'd really like to make an informed decision on which one I support.

I'm a life long software architect and a programmer. Having said that, as a specialist in my field, I can say the following:

Bitcoin Unlimited is a clean and elegant way how to upgrade the Bitcoin protocol one step at a time. It is philosophically sound, it is simple and effective. This is how software should be developed.

SegWit is an abomination to all self-respectful software architects. Shortly put --- it is a really ugly hack. It tries to accomplish many goals all at once. This drives up code/protocol complexity and increases the attack surface on the Bitcoin network by an order of magnitude. What is more, it will scare away open-source programmers from the Bitcoin project because no one enjoys working on a codebase that has become a labyrinth due to all these hacks and quirks. Does anyone remember the Heartbleed vulnerability discovered in OpenSSL? Well that's the kind of stuff you will get for code that no one enjoys reviewing. I don't want OpenSSL Heartbleed analogy to happen to Bitcoin and that's why I reject SegWit.

Those who keep saying "SegWit because of LN, TX-malleability, quadratic hashing fix" are demagogues. By saying this they make it seem as if Bitcoin Unlimited is not going to solve those issues. This is brutally wrong. You will get Lightning networks, a fix to TX malleability and a fix to quadratic hashing with Bitcoin Unlimited or even with Bitcoin Classic. You will get those features the way software is ought to be developed --- modularly, so that different features are logically separated and can be individually reviewed.
335  Economy / Speculation / Re: SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 06:47:12 AM
https://coin.dance/blocks
OMG!! i'm updating it right now and i've got suprised. Okay, let's imagine how the rogerver is laughing right now. There are less than a percent of the gap between the result of BU and SegWit.
So, BU is for real. But i've curious about how the BU it works. So, can the miners try to run a vote about the transaction fees?

Because i've heard if LN can steal the reward of the miners and it looks like terrible.

I added a Bitcoin Unlimited philosophy description to OP.

Also I find this explanation very good, also taken from BU's home page under FAQ section:

Will unlimited size blocks actually result in no fee market?

No. Intuitively you can understand this by realizing that it will take a lot longer to propagate a gigantic block across the network than a small one. Therefore a gigantic block has a higher likelihood of being "orphaned" -- that is, a competing block will be found, propagated across the network and supplant the gigantic block. In this case the miner of the gigantic block will lose the block subsidy and transaction fees. Therefore miners are incentivised by limitations in the underlying physical network to produce smaller blocks, and incentivized by transaction fees to produce larger ones.

Finding the balance between these forces is where the free market excels. As underlying physical networks improve or fees increase, miners will naturally be able to produce larger blocks. The transaction "supply" (space in a block) therefore depends directly on the fundamental capacity, rather than relying on some centralized "steering committee" to properly set maximum block size. Bitcoin is all about disintermediation, and this is another example of it working.

Bitcoin Unlimited is a vote for free markets. SegWit is like a communist centrally planned economy.
336  Economy / Speculation / SegWit losing Bitcoin Unlimited winning -> Moon soon on: March 09, 2017, 06:30:57 AM
As of today SegWit is losing to Bitcoin Unlimited. We can actually get done with this block size debate. Please spread the word and install Bitcoin Unlimited full node instead of Core. This debate has been holding back the price for too long now. It's time for change. Let's make Bitcoin great again.


Graph source: http://xtnodes.com/graphs.php


The Bitcoin Unlimited (BU) project seeks to provide a voice to all stakeholders in the Bitcoin ecosystem.

Every node operator or miner can currently choose their own blocksize limit by modifying their client. Bitcoin Unlimited makes the process easier by providing a configurable option for the accepted and generated blocksize via a GUI menu. Bitcoin Unlimited further provides a user-configurable failsafe setting allowing you to accept a block larger than your maximum accepted blocksize if it reaches a certain number of blocks deep in the chain.

By moving the blocksize limit from the protocol layer to the transport layer, Bitcoin Unlimited removes the only point of central control in the Bitcoin economy - the blocksize limit - and returns it to the nodes and the miners. An emergent consensus will thus arise based on free-market economics as the nodes/miners converge on consensus focal points, creating in the process a living, breathing entity that responds to changing real-world conditions in a free and decentralised manner.

This approach is supported by the evidence accumulated over the past six years. The miners and node operators have until now been free to choose a soft limit which, as demand grew, has always been increased in a responsive and organic manner to meet the needs of the market. We expect miners to continue in this tested and proven free-market way by, for instance, coordinating to set a new generated blocksize limit of 2MB and reject any blocks larger than 2MB unless they reach 4 blocks deep in the longest chain. As demand increases, the limit can easily be increased to 3MB, 4MB, and so on, thus removing central control over the process of finding the equilibrium blocksize by allowing the free market to arrive at the correct choice in a decentralised fashion.

As a foundational principle, we assert that Bitcoin is and should be whatever its users define by the code they run, and the rules they vote for with their hash power.


337  Economy / Speculation / Re: BTC Surpassing the Price of Gold on: March 08, 2017, 06:45:08 AM
Sorry, I am a week late to report this but WE DID IT!!!!!!!!!!!!!!!! FOR THE FIRST TIME IN HISTORY, BITCOIN HAS SURPASSED GOLD Mostly thanks to gold tanking lately. Sure there's currently BTC dump going on prolly in anticipation of ETF but nevertheless, we made history on the 2nd of March.


338  Economy / Speculation / Re: If we didnt had idiots blocking segwit we would be sittting on 4 figures by now on: March 07, 2017, 06:55:18 AM
Looks like the SegWit boys are losing the battle. Johnny really embarrassed the SegWit solution at Anarchapulco.




Gavin Andresen: “Run Bitcoin Unlimited” To Solve “Destructive Congestion”

If we could let go of this foul thing known as SegWit already, bitcoin would really be sitting on 5 figures already.
339  Economy / Speculation / Re: If we didnt had idiots blocking segwit we would be sittting on 4 figures by now on: March 05, 2017, 03:50:04 PM
Everyone with better understanding of bitcoin than you ever will have wants segwit. The fact that you don't want segwit should make you consider that your stance on this subject is indeed wrong.

oh should it really? I have done my research well enough to know that segwit is a trojan horse for the banksters to gain control over Bitcoin. you on the other hand are blindly believing anything that the ones claiming to be the authority tell you. If I am right then you must be wrong. And that surely cannot be, right? That seems to be the only reasoning you and most of the segwit fanboys have. Hey, I don't care if you don't agree with me. It is impossible to convince you and make you see the light. This is how human mind operates. It is selfish and egoistic and it is unwilling to admit being wrong. You either have a dog in this fight or you're just a sheep following the herd and believing whichever information you heard first.
340  Economy / Speculation / Re: If we didnt had idiots blocking segwit we would be sittting on 4 figures by now on: March 05, 2017, 03:12:44 PM
The majority of the whole ecosystem doesn't give a shit about that...the most prominent names wants Segwitt because Segwitt is technical better and gives more security.

If they really want security then they shouldn't be wanting SegWit. So, there's a fallacy in your line of thought.
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