new poll
Cool, but this time there is no "unlimited" option. well, certainly i'm no expert in polling; i just feed 'em like i see 'em. if you have any suggestions, lemme know. edit: given Gavin's proposal, it looks like the "unlimited" option is off the table for now, so in this sense, this latest poll is heading in the right direction. |
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just to memorialize the results of last poll:   |
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*btw, I'm still curious what your full node consumes in bandwidth?
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I don't think we need the same security model for buying loaves of bread that we use for buying homes,. Of course you do, once you understand what the security problem is. The entire job of the Bitcoin network is to make sure that the number of currency units is exactly correct at all times. There's probably a hundred million loaves of bread sold every day, which represents a hundred million opportunities to improperly expand the currency supply. Give me an inch and I'll take a mile? Sounds like banks. Maybe the better analogy would be HFT bots that steal pennies on every trade. Multiply that by 100M and pretty soon you're making real money. |
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I don't think we need the same security model for buying loaves of bread that we use for buying homes,. Of course you do, once you understand what the security problem is. The entire job of the Bitcoin network is to make sure that the number of currency units is exactly correct at all times. There's probably a hundred million loaves of bread sold every day, which represents a hundred million opportunities to improperly expand the currency supply. Give me an inch and I'll take a mile? Sounds like banks. |
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i'm going to lock this poll by tomorrow and put up a new one given Gavin's "announcement" so get your voting in now.
How about all of the above, stop wasting gavin's precious time, and do it sooner to give ppl some confidence that micropayments will be economically viable so we can get on with building stuff on the blockchain. Stuff that actually delves into areas where fiat cannot go rather then merely providing small benefits to those who have already set up wallets and little to no benefit to those who must do the whole education thing and then the time inefficient fiat btc xfer btc fiat circus. If Bitcoin's precious blockchain has no greater destiny than to be used for an eternal record of inconsequential "micropayments" the project has no future. Stop trying to enable the fluffy VC daydream of 'enabling tipping economies' and worry about macropayments. This is revolution against the BIS, etc. and a chance to evolve past gold as humanity's default store of value, not a call to replace Reddit gold/Dogecoin/TipBot. The places "where fiat cannot go" that matter are brain/paper/hardware wallets, multi-sig, and realtime auditing, not giving some Redditard 0.000000001 BTC for confirming your bias with a snarky comment. Too bad we have to wait an entire year to watch Mircea shit all over GavinCoin. It's worse than waiting for the next season of Walking Dead! Agreed. Bitcoin is much better suited to the store of value function. Why do you think Goldman Sachs et all are trying to pigeon-hole bitcoin as merely a "payments network"? *also, increasing block size does nothing to address the "instant payment" problem. The only thing Bitcoin needs to retain the SOV function is that it maintains its fixed supply. No one is talking about changing that. What you're forgetting is that thousands of years ago gold coins were in fact used on a daily basis to buy loaves of bread. Increasing usage in day to day TX's would maximize its utility as money and drive it's value much higher. The increase TX volume is clearly necessary to feed miners over the long run via fees. Bitcoins usage needs to be driven to the far ends of the earth into the hands of a many people as possible to guarantee is safety. Ok, I'll admit I'm still a little torn/undecided on this issue, but I don't think we need the same security model for buying loaves of bread that we use for buying homes,. As long as the profit motive for miners is kept intact, then I'm fine with whatever method ensures the security of the Blockchain. *btw, I'm still curious what your full node consumes in bandwidth? I'll answer this tomorrow when i can log in |
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i'm going to lock this poll by tomorrow and put up a new one given Gavin's "announcement" so get your voting in now.
How about all of the above, stop wasting gavin's precious time, and do it sooner to give ppl some confidence that micropayments will be economically viable so we can get on with building stuff on the blockchain. Stuff that actually delves into areas where fiat cannot go rather then merely providing small benefits to those who have already set up wallets and little to no benefit to those who must do the whole education thing and then the time inefficient fiat btc xfer btc fiat circus. If Bitcoin's precious blockchain has no greater destiny than to be used for an eternal record of inconsequential "micropayments" the project has no future. Stop trying to enable the fluffy VC daydream of 'enabling tipping economies' and worry about macropayments. This is revolution against the BIS, etc. and a chance to evolve past gold as humanity's default store of value, not a call to replace Reddit gold/Dogecoin/TipBot. The places "where fiat cannot go" that matter are brain/paper/hardware wallets, multi-sig, and realtime auditing, not giving some Redditard 0.000000001 BTC for confirming your bias with a snarky comment. Too bad we have to wait an entire year to watch Mircea shit all over GavinCoin. It's worse than waiting for the next season of Walking Dead! Agreed. Bitcoin is much better suited to the store of value function. Why do you think Goldman Sachs et all are trying to pigeon-hole bitcoin as merely a "payments network"? *also, increasing block size does nothing to address the "instant payment" problem. The only thing Bitcoin needs to retain the SOV function is that it maintains its fixed supply. No one is talking about changing that. What you're forgetting is that thousands of years ago gold coins were in fact used on a daily basis to buy loaves of bread. Increasing usage in day to day TX's would maximize its utility as money and drive it's value much higher. The increase TX volume is clearly necessary to feed miners over the long run via fees. Bitcoins usage needs to be driven to the far ends of the earth into the hands of a many people as possible to guarantee is safety. |
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i'm going to lock this poll by tomorrow and put up a new one given Gavin's "announcement" so get your voting in now.
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just in case anyone is interested in what one of my full nodes is using. it's remarkably consistent across all of them. note the minimal bandwidth usage. i have 1GB of RAM with 100GB of disk:  |
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I wonder how many of those who voted for a graduated increase realize that the blocksize limit isn't actually limiting anything right now. It's a limit that will eventually become a factor. Right now if it were removed nothing special would happen.
you're right that it isn't limiting anything right now. but if the market gets the sense that Gavin is going to get his way (and i think he will) it could unleash the next wave of speculation into the market, and along with it, a new wave of tx volume simply from everyone piling in frontrunning. the way the charts are lining up it seems to me that the market is looking for any reason at all to rally hard. |
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It looks like bitcoin will continue to drop for the next little while. I have sold most of my btc and plan on to reenter at around $150. Untill then I may buy some gold and see where that goes.
sounds like you're gonna be left behind. |
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given this new development, you guys ought to make sure to vote in the current poll above. |
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Paul Sztorc has no business talking while attempting to leach off Bitcoin by pre-selling his altcoin via SC's. |
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Oh it feels so good... moar, mosr!
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