ok simple questions about all those who falsely believe having funds alone is meaningful

1. satoshi has ~800k coins does that mean we should stay strictly to the rules of his 0.3 implementations

2. i have a few thousand. does that automatically mean just by having coin that my opinion means more then others who have less

or..
do people care more about the content of people opinion and the context of what people thoughts on future direction have on other users.. rather than their wallet holding

....

in my view bitcoin protocol does not care who is the owner of said coins. its pseudonymous afteral. the protocol is about CODE security which is only secured by nodes, asics and pools.

bitcoin is not secured by stake.. and many people need to realise. bitcoin is not a weak PoS coin.

bitcoin unlimited does not have code to activate mandatorily... it will only ever activate if there was majority consensus. meaning it becomes btc

so the 'token' on the exchange is not a coin with its own nodes. its just a 'token' on an exchange, in short just a entry on an exchanges database and does not exist outside of the exchange. and should not be treated seriously.

many people think of it as an unbacked gambling game. but basically its just to scam ignorant investors so exchanges can get their % cut of trade fee from people trading in this vapour token

lauda just to remind you bitcoin is wrote in C++ not java
http://bitcoinstats.com/irc/bitcoin-dev/logs/2016/01/17#l1453062298.0
"20:24    Lauda    Bitcoin does not use Java right?"


lauda, go spend more time reading reference material and less time on reddit propoganda scripts.
its proven time and time again that you failed the basics..

even now you cant explain the tier network, upstream filters, and why segwit keypair utility is not possible to test on mainnet now, even when everything is supposedly (in your eyes) backward compatible..
reminder: i gave you a hint april 2016

---

anyway. getting back on point of the topic:

as for the graphic of statistics lauda has pasted several times.. does he even know maths to actually check before pasting
EG
blocks 0.5mb.....graphic shows 6.2gb daily traffic.............. (facepalm)
..........
hint: there are only 144 blocks a day you dont even need a calculator to do the maths (hint: number in graphic is out by 86 multiples)
and dont even gt me started on the facepalming of ram in that graphic

i was curious so google image searched "walmart shopper"
hmmm..

i dont think ill be eating dinner tonight after seeing what i seen
(this post is made purely for humour purposes)

dont worry about lauda. he admitted last year that he hasnt even read a line of code, and also doesnt know how long it takes to sync to the network.

i believe he runs a node using amazon server and wants to cry about the cost of bandwidth (amazon subscription costs) but has no clue about computer costs, stats, utility.
he takes things out of context alot because of all the reddit scripts he gets spoonfed

he tries hard to sound like an expert who cough gets paid to consult cough. yet loves penny grabbing his sig campaign schemes and charging people for things they can do themselves.

i feel sorry for him as he seems to have wasted the last few years not learning the real utility of bitcoin and is just penny grabbing to stay afloat
i tried helping him but then he just cries "walls of text".. so you cant teach an old cat new tricks

well the tx fee war (not bitcoin price) is the real killer.

do you even know segwit..
i think you need to look at the empty promises vs realistic scenarios and see your hyping up something that offers very little

having coin on a privkey and thats it..  is meaningless.. no matter what the vote is your always going to have 'coin'
having coin makes no difference to the network structure direction or security.

it definitely doesnt make you as important as being a miner, pool, economic or active node.

EG if there was a split. even satoshi who has not been around for 7 years will have 'coin' on both sides

lol

hv_ you are mostly on the correct lines. but lets clarify things for those stuck in the past

1.
miners (ASICS) DO NOT CONTAIN A HARD DRIVE(that ended in circa 2013) nor do the see the blockchain. all they do is receive a block hash plus some very minimal data, to create the solved block hash.
they do not form blocks, do not validate transaction and do not collate transactions into blocks.. a miner just hashes a bit of blockheader data in simple terms.

2.
a POOL does the previous block validation, transaction validation, collate tx's for current block creation. but a pool does not directly create the hash of the block.. thats what miners(asics) do

3.
economic nodes are active nodes, but where the person running it has a economic part of the network by running a business/service/exchange that adds utility to bitcoin for users

4.
active users just run nodes that validate and relay blocks, validate and relay transactions (think of them like torrent seeds)

5.
users are mainly anyone with funds, whether they use any kind of wallet available and usually just leach off the network by not actively being part of the network security symbiotic relationship of the above 4 parts (these are prunned/outofdate/lite/no witness/cludgy/spv node users)


so if you want to be a fully vested and involved user, be part of all 5 elements of the symbiotic relationship (well atleast 1,3,4,5)

well lets take copper wire ADSL that the UK averaged a DECADE ago

0.5mb upload(2mb down)

0.5mbit/s = 5.4 GByte daily UP
2mbit/s = 21.6 GByte daily down

because of bits to bytes and then 1second to 24hours.. easy maths is to take whatever mbit speed you have and multiply it by 10800 to get the mbyte per day
(x / 8 * 60 * 60 * 24)=10800

thats mbytes per day.. or more simply multiply your xmbit per sec by 10.8 to get gbytes per day...

so say you had 1mb up on fibre
10.8gbyte of data can be sent from your pc per day

unless your a brand with many platforms / games/ software packages that can be interconnected via a singular currency
unless there is a purpose / NEED to use a coin that fiat or bitcoin cannot handle. then there is no point.

EG
imagine walking into a store and being told if you want to buy microsoft office you need to first buy MS coin. most people will think WTF and just walk out the store.

however if the store had 1000 software packages then you could offer allowing people to buy one of those packages using coin due to some discount it may offer or because it automates registration of the software licence or some other advantage.. then people would happily buy the coin because it has more than just a one time use

been tried and dumped

seems people dont research and are instead just trying to grab any empty excuse for an ICO which eventually wont even bother making an end product because they finally realise the issues of past attempts

reporting this to be thrown in the altcoin section along with the other altcoin failures

says the guy that thinks someone paying 40 hours minimum wage labour for 1 tx is 'normal' and 'bitcoin is running fine',  'just pay appropriate fee'  and 'just pay more'

now to wake you up:
cost of using bitcoin (tx fee) is more of a curse than running a node cost

lets first address the sidechains (i facepalm)
sidechain is an altcoin.. go play with litecoin or zcash or ethereum if you want that..
go support and protect a differnt chain/network...
honestly if another chain can handle 10mb then bitcoin can too.
simple reason: altcoins use computers.. altcoins use the internet so whatever an altcoin can handle bitcoin can too..

lets address the other part of ur comment
stop sniffing the reddit scripts of "gigabytes by midnight"

i continually laugh at the dooms dayers that know 32mb is manageable and any number below that is more then manageable
yep even 8mb is "RaspberryPi +ADSL (0.5mb upload /s)" safe.. so now the doomsdays try shouting
stay at 1mb or else gigabytes per block because they cant argue about 2-32 so have to exaggerate to 'gb by midnight' to scare people

this is not nor ever has been gigabytes by midnight proposal nor has there ever been a proposal for GB in hours days or months.
the main progress proposals onchain have been, natural growth over time that will eventually be xxmb IN DECADES
the stupid thing the "gigabytes by midnight" FUD scripters forget is that nodes choose what blocks are acceptable and so will not make such stupidly high leaps too soon. the nodes will challenge things going too fast. thus there is no problem. its self regulating because if the nodes cant handle it, they wont allow it. its the most fundamental part of bitcoins true consensus!!!


the reality is that TODAY 8mb is safe.. actually alot more than that is safe, but to calm down the doomsdayers it was suggested 16mb instead
of 32mb
then 8mb instead of 16.. then 4mb instead of 8mb then 2 instead of 4.. but then then the doomsdayers still cry they want 1mb

their explanations for 1mb are empty. no logic, no meaningful reason, apart from crying

every time i see a small blocker demand 1mb stays in effect all i read is
"no Call of duty/twitch live streaming due to ATI server rack data centres"
"no HDTV on demand due to server farms attached to household tvs"
in short they are stuck in the 90's


what im talking about is instead of core syncing and then prunning, no witnessing, stripping to become lite.
im talking abut core run in litemode. making the syncing part a background thing.

imagine it this way
imagine if microsoft instead of loading windows for people to use and then do updates in the background, microsoft decided that all windows updates needed to be done before letting people log into their computer.

people would hate waiting hours just to send an email or access a web page..
same goes for core and other nodes.

let people open the client and quickly get a utxo st of the keys they use to see a balance and be able to spend, and then the full sync just occurs in the background while people are using the node.

its not about turning off syncing. its about allowing users to use their node on the same day they download it..
because thats the part people are really peed off with.. not being able to do a thing for a couple weeks

BTCC used to offer free transactions to its customers as did xapo. all because they had control/links to pools, so could name their own price of what gets accepted into blocks.

obviously IF other pools were causing issues BTCC would still of remained the cheapest pools.. still offering free transactions and helping... but...

when looking at the stats.. it wasnt BTCC being "conservative".. it was actually Via and bitmain which had the average cheapest blocks. meaning while BTCC decided to get greedy and go for the highest tx's and screw even their own customers as well as being part of the "just pay more" crowd.. there were other pools still offering blockspace for free or even blocks with no fee's

btcc- DCG portfolio and BScartel supporter

when bscartel and their fanboys use the word conservative, you can tell they read reddit but never read a dictionary.

core are NOT conservative

"averse to change or innovation and holding traditional values."

segwit: NEW key pairs, new network topology, new block template
nothing traditional about that.

as for segwit being 'innovative' pfft.
their fixes/promises are empty and cannot be fully forfilled

there are many ways to solve the problems but core decided to go with the political definition not the literal definition
"just pay more"

LN will become paypal2.0
go check out the idea of hubs.. then check out the meaning of multisig and then check out CLTV (3-5business day maturing after confirm) CSV revoke (chargeback)

lauda please research the finer details. stop relying on reddit scripts

sounds like some people are stuck in 1999 trying to scream at twitch/skype that their business model of live streaming just wont work

anyway onto other points


the synchronisation is not a problem. the actual headache is that cores UI is not set up to function until synchronisation is complete.
as thats the real headache people gripe and moan about in regards to syncing
EG
no user balance or being able to spend until node has downloaded certain blocks that contain the users UTXO.
this can be fixed by having the UI function in Lite mode where it grabs a UTXO set first. or even just requests UTXO from peers of the keys the user owns. and then synchronisation becomes a background issue that can be done as and whenever the user pleases.

thus making a node spendably functional from the first hour

again the mindset is not about hinder bitcoin growth for the 99% purely for the 1% with limitations,
if it was the case, then core should not have removed fee controls that have wiped out utility for about 33% of the world*

(analogy time of dumb mindsets)
whats next. scream that employment wont work because most jobs are more than a mile from people houses and not everyone has decent transport
whats next. scream that retail shops wont work because most shops are more than a mile from people houses and not everyone has decent transport

*i do love the snobbery
"bitcoin should not grow because americans might need to pay 3 hours of minimum wage labour more PER MONTH to use it
but dont worry about tx fee, just pay more, it doesnt matter if cuba, india, africa have to pay 40 hours of labour PER TX!"

solution for users independantly
(same solution for torrent seeds)
reduce number of leachers(connections) = less bandwidth draw*

solution for dev implementations
reduce sigops and max txbytes = less ram/cpu demand

afterall with todays 4ktxsigops with 20k max block sigops
and segwits 16k txsigops 80k blocksigops.. that means a base block can be filled with just 5 tx's

and the max tx bytes of 100kb = 10 tx fills base block..

WHO THE F*CK deserves to have 10%-20% of the blocksize for just 1 tx..!!!!
reduce the greedy stupid, artificially high numbers, meaning transactions become leaner. and you will find that bloat, bottlenecking and processing time REDUCE all while allowing the block size to increase.

*i see many people with 'capped' internet that have 50+ connections. i facepalm them and tell them to learn "6 degree's of separation" and reduce their connection count.
not everyone needs to be a 'supernode' (multiple dozens of connections)

there can be side services to handle the niche market of 'instant spend' .. but that is no reason to try doomsday the blockchain using propaganda to stifle natural growth.

segwit cannot solve the promises it promises. and you cant segwit a segwit after segwiting it.. so the last 2 years of promoting and pushing for segwit has been nothing more then an empty gesture

itss time we move passed "segwit hope" and realise the trths about it.. and start actually getting bitcoins real and productive code running such as dynamic blocks (there are many different brands with different proposals so dont shout BU as your doom cry)