Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)

[Holliday]

Not to specifically call any person out but, have you guys read Satoshi's whitepaper recently?

It's been a few months. I don't consult the writings of Karl Benz when I talk about automobiles either! Shame on me.

[1714311967]

1714311967

[1714311967]

1714311967

[knight22]

Does purely peer-to-peer refer to every single user, or just the bitcoin payment network? My reading of that statement is that purely peer to peer refers to the nodes that make up the payment network, not that every end user needs to run a node.

Every end user does not need to run a node. Surely Bitcoin enthusiasts who are willing to spend money on dedicated hardware and top tier home internet should be able to run a full node though, right?

Or is it OK if it requires business level infrastructure and resources to be a fully validating peer on the network?

Fuck that.

Don't be twisting words you as well. It has nothing to do with "enthusiasm" but financial responsibility and sovereignty.

If you are to use Bitcoin as truly a local, peer-to-peer user, there is absolutely no exception but to run a fully validating full node.

You might have your reasons to do so, yes you may choose not to do so. Indeed you don't "need" to run one...unless you care about monetary sovereignty which is where Bitcoin's true value resides.

But by all means go ahead use spv wallets, web "portals" (as in: and...it's gone), and other various Hearnias just make sure it don't come at no cost to me.

I don't need to pay from my own freedom to be free from trusted authority for these "users" inability to stuck sucking from the tit and always ask for a "supporting" hand to move forward.

I think you are misunderstanding what I've said. Let me try to explain.

Every user does not need to run a full node, yet every user who wants to run a full node should be capable of doing so.

Kind of like... every driver does not need to wear a seat belt, but every driver should be capable of wearing one if they want.

This

It's already not the case. Now what? Is bitcoin broken?

[brg444]

Does purely peer-to-peer refer to every single user, or just the bitcoin payment network? My reading of that statement is that purely peer to peer refers to the nodes that make up the payment network, not that every end user needs to run a node.

Every end user does not need to run a node. Surely Bitcoin enthusiasts who are willing to spend money on dedicated hardware and top tier home internet should be able to run a full node though, right?

Or is it OK if it requires business level infrastructure and resources to be a fully validating peer on the network?

Fuck that.

Don't be twisting words you as well. It has nothing to do with "enthusiasm" but financial responsibility and sovereignty.

If you are to use Bitcoin as truly a local, peer-to-peer user, there is absolutely no exception but to run a fully validating full node.

If this is the only thing you care about bitcoin why don't you go use an altcoin that offers the EXACT same things and let bitcoin SCALES as it supposed to be?

Raising the blocksize is not scaling, for the 1,000,000th fucking time you troll

[Holliday]

It's already not the case. Now what? Is bitcoin broken?

We should be working on improving that before having year long arguments about taking the training wheels off.

[knight22]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because the fear of the unknown then no one would ever walked on the moon.

[Holliday]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

[Holliday]

If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

It seems like the "large blockians" are afraid of starting their own coin from scratch (or even just forking today) and letting it compete with the current state of Bitcoin.

[RoadTrain]

A bit of a side note.

Been running a full listening node for about a month without a restart. Used 200+GB of traffic with my unlimited 40Mbit/s connection.

I've been running it with default settings, and about yesterday it's been so horrible that my PC (i5-2320, 12GB) had frozen at times. That's probably due to the recent flood of transactions.

Not quite as bad an experience, but not as good one either.

[brg444]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because the fear of the unknown then no one would ever walked on the moon.

The unknown?

ISPs every where all over the world are currently censoring internet access to their customers in some shape or form.

The internet grid is owned by major fiat corporations who can easily be pressed into "interfering" with a growing government threat.

While it may not happen in your country, it will in several others. We need to make Bitcoin resilient to these attacks.

[brg444]

If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

It seems like the "large blockians" are afraid of starting their own coin from scratch (or even just forking today) and letting it compete with the current state of Bitcoin.

they did 

look at thread title, it got #REKT

[QuestionAuthority]

Not to specifically call any person out but, have you guys read Satoshi's whitepaper recently?

It's been a few months. I don't consult the writings of Karl Benz when I talk about automobiles either! Shame on me.

Well, I wasn't talking about you but it's nice to know you're self-conscious. lol

[knight22]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

[RoadTrain]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because the fear of the unknown then no one would ever walked on the moon.

The unknown?

ISPs every where all over the world are currently censoring internet access to their customers in some shape or form.

The internet grid is owned by major fiat corporations who can easily be pressed into "interfering" with a growing government threat.

While it may not happen in your country, it will in several others. We need to make Bitcoin resilient to these attacks.

Exactly. There are a lot of sites blocked where I live, and I have to use Tor at times. Tor is what gives me freedom, so does Bitcoin. Bitcoin is Tor of money (even better!). Having Bitcoin 'decentralized' as modern ISPs is only in my nightmares.

[brg444]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

please be the first and fork off you clown.

[knight22]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

please be the first and fork off

Don't worry, it's going to happen sooner than you might think.

[brg444]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

please be the first and fork off

Don't worry, it's going to happen sooner than you might think.

Bitcoin is here now and it is already a destructor of worlds.

http://cascadianhacker.com/blog/2015/04/24_bitcoin-needs-no-changes-to-destroy-your-world.html

[knight22]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

please be the first and fork off

Don't worry, it's going to happen sooner than you might think.

Bitcoin is here now and it is already a destructor of worlds.

http://cascadianhacker.com/blog/2015/04/24_bitcoin-needs-no-changes-to-destroy-your-world.html

Bitcoin as is doesn't fits the needs of a broad market. Deal with it.

[brg444]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

please be the first and fork off

Don't worry, it's going to happen sooner than you might think.

Bitcoin is here now and it is already a destructor of worlds.

http://cascadianhacker.com/blog/2015/04/24_bitcoin-needs-no-changes-to-destroy-your-world.html

Bitcoin as is doesn't fits the needs of a broad market. Deal with it.

great cause we don't need broad market of suckers like you.

[knight22]

Do you think the internet is centralized because you need to rely on business grade ISP?

Yes.

In fact, until we have a worldwide wireless mesh network in place, Bitcoin is vulnerable to this centralization.

This is overly paranoid. This would be a good thing if we ever get there but it is not a reason to not move forward. If we can't move forward because of fear of the unknown then no one would ever walked on the moon.

Even if it is overly paranoid, let's not move in the opposite direction. Thanks.

Then bitcoin will never get anywhere if it only focus on being overly decentralized. It doesn't adds any utility to the system, won't bring any new participants and does't add any new value proposition. If bitcoin can't scale, then EVERY projects built around it will move to another system, either an altcoin or a fork. Miners will go where the value is because they don't mine for idealogical reasons.

please be the first and fork off

Don't worry, it's going to happen sooner than you might think.

Bitcoin is here now and it is already a destructor of worlds.

http://cascadianhacker.com/blog/2015/04/24_bitcoin-needs-no-changes-to-destroy-your-world.html

Bitcoin as is doesn't fits the needs of a broad market. Deal with it.

great cause we don't need broad market of suckers like you.

Nope, bitcoin will stay a niche and something else will fill the gap. Too bad it won't be bitcoin as is. Probably an altcoin or even more probably a fork.

[muyuu]

Lightning Network, Sidechains, other off-(main)-chain solutions.