bitcoins $16billion market cap has nothing to do with value either.. its an empty bubble number.
i can make a altcoin with 5trillion coins. put  coin on an exchange and sell it to myself for $1 and suddenly the alt has a market cap of $5trillion

golds trillion cap is the same empty bubble number two.

based on the price of a few bars being on the market showing a PRICE. and multiplying that by how many bars exist.

price and market cap mean nothing

utility matters

if you cant do anything with gold, no electronics, no jewellery.. you might aswell be selling ice to eskimo's
selling somthing with no utility value does not mean that it still holds some price value

concentrate on expanding utility and the price will look after itself... not the other way round

your "rise in value"

oh please not again.. you referring to value(price)
try getting head out of the sand.

i and many other true bitcoiners that really understand these things and thinking long term, care more about the value(utility) which you have been trying to play mindgames with wording to try convincing that halting value(utility) is good for your beloved value(price).

lol nope ..
its deflationary

ok lets say there is a number.....um.. 1000
and inflation was 5% every 10 minutes

1050,, right.
but then the next 10 minutes is not an extra 50.. its actually 52.5
1102.5.. right

but then the next 10 minutes is not an extra 50.. its actually 55.125
1157.625.. right

inflation is that the new money INCREASES..

bitcoin however, stays at 50 per ~10mins.. then after ~4 years goes DOWN to 25 then after ~4 years goes DOWN to 12.5

have a nice day

check the dates of the mempool attack.
june/july 2016.
then it settled down
then increased in october ongoing until recently
https://blockchain.info/charts/mempool-size?timespan=1year

this was a core orchestrated attack to try swaying peoples belief that core features are desperately needed.
CSV in june/july.. segwit in the autumn

now core are planning a mandatory activation(UASF) they dont need to sway people over any more

meanwhile other implementations like BU have been running for years. no deadlines, no threats. no mandatory activations. no mining PoW nukes

my income does not come from protecting a brand. and certainly nothing to do with any particular brand

my income is from a business selling products and service completely unrelated to BU or any brand.
you can try pigeon holing me into any brand your side is REKT campaigning at anytime. but it wont help you.

but atleast admit your part of a REKT campaign thats only desire is to protect blockstream devs..
and atleast admit your REKT campaigns have nothing to do with a diverse decentralised PEER network.

otherwise your just being a hypocrit.

and i too have many coins and prefer a single network of diverse decentralised peers.
not a TIER network with one brand control

there would be less argument from me if cor got rid of their puppet masters blockstream. and the core 'independent' devs actually acted independently to help any and all 'brands'.. rather than locking themselves up into one brand and demanding it be the king brand of bitcoin

you always thought it was inflation..
bitcoin has been deflationary

before reading the next line. refrain from eating..

you forgetting the fraud of intersango?
how about becoming homeless by refusing to pay bills and saying he is doing so as a act of protest against corporations

also:

people need to realise bitcoin is just code. .. no arms, no legs, no voice.

bitcoin wont walk into the offices of amazon and sign a deal..
bitcoin did not name its storage of private keys a 'wallet' instead of a 'personal keyring' (better analogy).. people did
it requires people.

if you want YOUR local store to accept bitcoin YOU will need to ask your local store manager and maybe teach him/her about bitcoin. also show the manager statistics about how many local customers they can see using it regularly, etc.
this may require arranging meetups and organising your local area to concentrate on certain things.

bitcoin wont fly into YOUR local store like superman to help merchant adoption/mainstream growth.. PEOPLE like YOU(all readers of this post) need to get off of sitting on your hands waiting for superman. and do a little bit more in your area's

in short: it requires people to do something,

lightning is just a separate node/service on separate network offering a service offchain.. no fork no hassle anyone can run these whenever they like.. think of it much like depositing funds into coinbase or bitgo.. nothing big deal you choose to use it or not

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softfork segwit will kill off 5% of the hash and drop many of the diverse implementations down to a second downstream filterd tier network if it reaches the 95% by mid november

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USAF forces segwit to be activated and will cause more than 5% distruption. by mid november.

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as for BU. HF. the concept is node and pool consensus, hence no deadlines no threats no active banning.. but those on the segwit side see it as an attack/opposition. so segwit would pull a banning node/ rejecting hashpower trigger if BU got to a certain level of community consensus.

a cpu only makes say 500mhash

an asic makes 1300,000,000mhash

there are over 50,000 asics in just one pool.

thats the equivelent of 130,000,000,000 desktop pc power creating hashes ever ~10 minutes average.

for a hacker to change the direction of bitcoin it needs to not only have atleast a few thousand nodes to counter the rules but then hashpower of more than 130,000,000,000pc's to make blocks that follow the new rules the hacker wants.

if it just had the few thousand nodes. all it would be doing is rejecting blocks it didnt like. meaning it would be just doing nothing more than holding a chain of no blocks locally in the hackers pc's and no one would sync to it because the rejecting real bitcoin rules wont give it any height to affect anyone else

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just having hashpower without the nodes.. would too have the legitimate bitcoin nodes reject what a malicious pool was producing.

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its a symbiotic relationship. nodes set the rules. pools follow. if either are in dispute rejects occur. neither has ultimate power. its a decentralised consensus mechanism of mutual agreement or mutual destruction.

there is no single point of failure unless we got rid of
the diverse node implementations of atleast 12 'brands' and only had one...
got rid of all the atleast 20 pools and only had one.

and that single node and pool brand was all controlled by one entity.

good to see that you are finally out of your reddit script cabin fever corner.
and had that epiphany moment

fresh air does many people good.
currently im on a beach with a blue sky with a hint of white fluffy cloud.

once you realise there are well over a dozen implementations. and that there is only one fighting for top TIER network (core). the rest want mutual independent consensus in a peer network

hopefully you start to see the bigger picture of the meaning of the words diverse decentralisation. you will start to see the importance of what independent diverse node consensus is all about.

may the fresh air aid you more into seeing behind the 'blame Bu at all costs' scripts of reddit and start seeing the big picture.

enjoy your stroll through the park

your wrong
luke back tract and pretty much denounced his level of involvement in core within hours of signing

https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07jdup/

which led to luke saying he cant guarantee 2mb BASE 4mb weight because he has no power or control of core.
which led people to think that the core signatures could have just sent in their janitor and floor sweeper to sign it.. thus rendering the agreement void
nothing at all related to F2pool.

..

secondly lauda
to address the other matter you have been argumentative over for the last year+ now
 you think that segwit offers 2mb right at activation for everyone.. here lukes own words

meaning its about people moving funds from native keys to segwit keys to even start to use the 3mb spare weight.. which you and others are stating 1mb base and 1.1mb spare weight for the sigs will be utilised at best..(totalling 2.1mb) IF(the bit you forget to add is the if) people use segwit keys.

this was all crystal clear a year ago[feb'16] even before segwit was even ready for public testing[summer'16] and obviously before 0.13.1 release [oct'16]

emphasis if they use segwit keys.

i meant IF he tries to make bitcoin into the bad money and dark/dash into the money for anyone... emphasis promoting dark as the money for everyone. emphasis promoting bitcoin as the extremist only.

1. amir was a contributor but nothing big. his fame was just timing of being in early
2. amir says he was on the 'frontline' but then retracts to say he was at a distance.
3. amir says he didnt go there to kill, he went there to use his skills elsewhere (EG set up comms/payments)
4. amir wont defend bitcoin, mentioning bitcoin is going to be twisted into bitcoin used by extremists. personally he should stick to promoting his dash/darkwallet as the extremists preferential payment method.

IF we see amir talk about bitcoin as the payment method for extremists and then mention dark/dash as a separate thing for normal people. dont think of it as a good promo

they are planning on making bitcoin the prunned database of LTXO
(locked transaction outputs)

where LN and altcoins(sidechains) are the payment layer.


sidechains=altcoins. nothing more needs to be said.

Segwit is a bankster trojan horse from hell, i've studied every single line of the code. It doesn't work. BU is fantastic, it DOES NOT make the supply more than 21 million eventually, it DOES NOT give more control to miners. BU is safe. Segwit does not scale, it's an evil bankster takeover. Corestream propaganda will brainwash you into thinking otherwise. Gmaxwell is a..


1. i only have one username on this forum but i do not go by franky1 in other locations. in short even my birth certificate is not franky1. so dont expect my github to announce franky1.

2. i am for DIVERSE consensus network and DYNAMICS, which there are many implementations. trying to pigeon hole my as a BU guy, is like the failure in the past to try pigeon holing me into xt or classic during all of those REKT campaigns. i was defending diversity. not the bandcamp

3. Bu does not propose to change the 21mill.. if you do your research on Peter R mentioning of 'inflation needs non zero'.. he is talking about BLOCKSPACE. even watching the first 60 seconds of video that blockstreamists try using as the source of 'non zero inflation' reveal that. yep. under 60 seconds of a video. he is talking about blockspace, not 21m coin cap. its so easy to research that i laugh when people prefer the reddit scripts

4. if you want to refute what i say. use REAL data, REAL rebuttles. you know a proper intellectual rebuttle on bitcoin code...
you only hate me because the only thing you can rebut is my personality. not the content/context. because dep down you know that segwit wont meet the utopian promises sold to you in the reddit script propaganda

5. giving miners control? BU has not gone soft. bu and other dynamic implementations are sticking with consensus. hence no deadlines and just plodding along waiting for people to download the nodes.. even funnier no threats or side stepping the community.. unlike segwit

6. if you want to argue post stats. i can show you a name of someone that cant even read c++, who has more post counts then me but been in the forum less time as me, (meaning more active) who thinks they know better... but thats personal attacking and not on the subject of bitcoin

have a nice day

enjoy researching.

p.s while your at it. LEARN CONSENSUS
i would say that should be step one for anyone wishing to understand bitcoin, even before learning how to read code.

remember the 10 minute thing is not a 10 minute thing(in code)

its a difficulty with hopes that 2016 blocks are  made in 2 weeks.
its then the human mind that away from bitcoin code, which then does some maths to realise that it averages 10 minutes. and is only "10 minutes" at conversation level, not code level
sometimes though reality reveals a block is solved in just a couple minutes or nearly an hour.. but blocks are not locked to 10minutes and 0 seconds.

in short: there is no "10 minutes" in the code..

now if you want4032 blocks in 2 weeks (to human brain maths away from code, average 5min)
expect luck to make blocks in say 1 minute more often and still have some blocks taking an hour

this issues with (human brain 5 minutes)
1. 10mins or 5 mins or 2 minutes.. still are too long for the 'grocery checkout line experience'
2. due to the amount time to see a new block, download it verify it and be ready to relay it out.. multiplied by each relay hop.. (propagation time) can cause issues if there is not a healthy gap between blocks
3. changing a couple lines of code to get dynamics vs changing block reward, difficulty, halving reward schedule, etc.. you prefer to stupidly scrambling all the rules rather than just changing one.

lol
read harder.
they removed PART of it in 0.12.1, and more in 0.13

core are known to find faults in early versions. and things they missed/skipped.
but instead of updating early versions to be bug free. they just move to the next version and leave previous versions with bugs open to download with the bugs/issues still there cluttering the code..

thus if people were required to DOWNGRADE. they would not get a better old version than the first time they downloaded the old version last year.

imagine it this way
imagine if microsoft finds a issue in windows 8 and fixes it in an upcoming windows 11.. but doesnt go back and make a windows 8.x or windows 10.x fix..
they just moved onto version 11..

well thats what core do.
not fix the version with the issue or clean up things they missed.. instead they only care about the latest upcoming version..
(P.S i know microsoft do patch old versions, i was just saying 'IF' as an example)


it was already part removed AKA unusable
BU was just clearing the remnants..
to establish the alert key again requires a new mechanism / key.. and then the community would never hear the end of a debate that BU have a key to alerts twisted into BU control alerts and will broadcast propaganda.

so removing redundant code seems natural.. call it a spring clean exercise

lol the alert was removed in core last year
when bu grabbed core code. BU cleaned out the clutter of the last remnants of unneeded code

why do you think segwit team disabled the alert message system with some foolish crap about the keys may be compromised

why do you think they went soft instead of letting nodes upgrade first and show network confidence .. and then do a pool vote secondary..
think about why they avoided nodes first.

oh and why are they now FORCING a mandatory activation without conceding if they dont get the votes