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Author Topic: BREAKING: Satoshi Loyalists Upgrade to Bitcoin XT Before Deadline  (Read 2628 times)
NorrisK
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June 02, 2015, 06:45:48 AM
 #21

Im getting quite sick of this shit. The conflict of interest really fucks this up and is really showing why we are being steared away from 20mb blocks. Its quite clear what we all need to do in my eyes..

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johnyj
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June 02, 2015, 11:01:05 PM
 #22

There is no decision making mechanism in the current bitcoin core devs group, thus the chaos

In fact bitcoin is centralized around its protocol, the protocol is very centralized, there is no freedom in selecting different parameters of the protocol, that's the only thing that all the bitcoiners agree upon. So the protocol should be highly centralized around those basic promises like limited total coin supply, shrinking block reward and block reward incentivized mining

But block size limit clearly showed that even a small disagree on one of the parameters of the protocol can make it split, so it is better to let the rules written into stone and no one would be able to change it in future (So that we don't run into these political fight again and again in future)

Satoshi said the block size limit can be lifted when needed, but even raise it to 20MB will not be a permanent solution, a permanent solution will be either totally removing the hard cap (soft cap can still be set by miners) or set the cap by a dynamic formula. A genius formula will be the real solution but that requires huge wisdom, maybe Satoshi will throw in a formula some day

jeannemadrigal2
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June 02, 2015, 11:08:23 PM
 #23

There is no decision making mechanism in the current bitcoin core devs group, thus the chaos

In fact bitcoin is centralized around its protocol, the protocol is very centralized, there is no freedom in selecting different parameters of the protocol, that's the only thing that all the bitcoiners agree upon. So the protocol should be highly centralized around those basic promises like limited total coin supply, shrinking block reward and block reward incentivized mining

But block size limit clearly showed that even a small disagree on one of the parameters of the protocol can make it split, so it is better to let the rules written into stone and no one would be able to change it in future (So that we don't run into these political fight again and again in future)

Satoshi said the block size limit can be lifted when needed, but even raise it to 20MB will not be a permanent solution, a permanent solution will be either totally removing the hard cap (soft cap can still be set by miners) or set the cap by a dynamic formula. A genius formula will be the real solution but that requires huge wisdom, maybe Satoshi will throw in a formula some day

That is the holygrail of bitcoin.


I agree that the obvious solution is a sliding scale for the block size.  You think it would be easy because they already do this with the difficulty.  However I know little of math and I am sure that it is more challenging than it seems to the layperson.
QuestionAuthority
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June 02, 2015, 11:35:40 PM
 #24


When is the deadline? I searched in the internet about this and there is no info on the deadline. I am not sure there will be a fork.

Time to actually learn about bitcoin, dumbass. Your activity is over 400 and still doesnt understand shit.

Also are you too dumb to read threads in this section? Many threads already explain this FUD.

As the article say, there are lots of friendly and experienced Bitcoiners who are happy to help you make the transition over here on Bitcointalk.



Yeah, tons of friendly helpful people ready to assist you. ROFL

It's no wonder Vladimir Marchenko started a fully moderated Bitcoin forum years ago. Too bad Vladimir was a scumbag. His forum was actually pretty nice. So was his mining pool.

My head hurts reading your stupidity.....

Again, tons of friendly helpful people ready to assist you.

MicroGuy
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June 02, 2015, 11:47:16 PM
 #25

I think this thread has pretty much run its course. It's probably a good time to close it now! Smiley

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