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

[Zarathustra]

No, xapo did it before. Those are the market players who will enforce big blocks next year. Zero chance for the steam blocking trolls.

Do you enjoy sucking up to the bankers?

Are these the leaders you trust Bitcoin with? Larry Summers, Citibank & Visa?

Your signature is sucking up to the bankers.

Hal Finny is sucking up to the bankers?

According to brg's logic yes.

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[Zarathustra]

Silly arguments by meme carry no weight.

Samson Mow, BTCC's chief operating officer, said: "BlockPriority is a unique and innovative service available exclusively to BTCC users. It's also a means of mitigating potential impact to our customers from the lack of progress on blocksize increases."

We are here to enjoy ourselves by making fun of you and ensure your Gavinista narrative stays dead.

Memes are very effective for that purpose.  The sillier, and thus funnier, and thus more memorable, the better.  In Dawkin's meme theory, that corresponds to fitness.

Your 'Bitcoin is dying Because Core' meme is dead, because it was less fit than our 'XT is rubbish' meme.

You are so outmatched here it's not even funny; you don't even understand the nature of the battles in which you desire to fight.

That's why Team XT is getting rekt like Ronda Rousey.  You should have touched gloves, Mikey.  

You are losing. You already gave up fighting against big blocks. Your proxy war against your hate objects (who are the trigger of big blocks coming) is the best evidence.

https://bitcointalk.org/index.php?topic=1162684.msg13034374;topicseen#msg13034374
https://bitcointalk.org/index.php?topic=1162684.msg12955016;topicseen#msg12955016
https://bitcointalk.org/index.php?topic=1162684.msg13034875#msg13034875


Next year, despite you'll realize that the devs were forced to remove the cap, you nevertheless will claim victory:

https://www.youtube.com/watch?v=ikssfUhAlgg

[topiOleg]

We've yet to average over 750kb on the weekly.

750kb is the limit of a 1MB block. We are already at the limit.

 

I'm not sure that's what the article (from Jan. 2015) implies..

Did some miner self-enforce a 750kb soft limit? Yes.

Is the effective limit 1MB? Absolutely.

I mean we're seeing blocks above 750kb on a daily basis now...

Some mined blocks are (and will be) very small, this limits the possible weekly average to much smaller size than 1MB.

750kb as maximum weekly average is reasonable assumption.

[Carlton Banks]

Silly arguments by meme carry no weight.

Samson Mow, BTCC's chief operating officer, said: "BlockPriority is a unique and innovative service available exclusively to BTCC users. It's also a means of mitigating potential impact to our customers from the lack of progress on blocksize increases."

We are here to enjoy ourselves by making fun of you and ensure your Gavinista narrative stays dead.

Memes are very effective for that purpose.  The sillier, and thus funnier, and thus more memorable, the better.  In Dawkin's meme theory, that corresponds to fitness.

Your 'Bitcoin is dying Because Core' meme is dead, because it was less fit than our 'XT is rubbish' meme.

You are so outmatched here it's not even funny; you don't even understand the nature of the battles in which you desire to fight.

That's why Team XT is getting rekt like Ronda Rousey.  You should have touched gloves, Mikey.  

You are losing. You already gave up fighting against big blocks. Your proxy war against your hate objects (who are the trigger of big blocks coming) is the best evidence.

https://bitcointalk.org/index.php?topic=1162684.msg13034374;topicseen#msg13034374
https://bitcointalk.org/index.php?topic=1162684.msg12955016;topicseen#msg12955016
https://bitcointalk.org/index.php?topic=1162684.msg13034875#msg13034875

Seek professional help.

[Zarathustra]

Silly arguments by meme carry no weight.

Samson Mow, BTCC's chief operating officer, said: "BlockPriority is a unique and innovative service available exclusively to BTCC users. It's also a means of mitigating potential impact to our customers from the lack of progress on blocksize increases."

We are here to enjoy ourselves by making fun of you and ensure your Gavinista narrative stays dead.

Memes are very effective for that purpose.  The sillier, and thus funnier, and thus more memorable, the better.  In Dawkin's meme theory, that corresponds to fitness.

Your 'Bitcoin is dying Because Core' meme is dead, because it was less fit than our 'XT is rubbish' meme.

You are so outmatched here it's not even funny; you don't even understand the nature of the battles in which you desire to fight.

That's why Team XT is getting rekt like Ronda Rousey.  You should have touched gloves, Mikey.  

You are losing. You already gave up fighting against big blocks. Your proxy war against your hate objects (who are the trigger of big blocks coming) is the best evidence.

https://bitcointalk.org/index.php?topic=1162684.msg13034374;topicseen#msg13034374
https://bitcointalk.org/index.php?topic=1162684.msg12955016;topicseen#msg12955016
https://bitcointalk.org/index.php?topic=1162684.msg13034875#msg13034875

Seek professional help.

Do it!

[Lauda]

Some mined blocks are (and will be) very small, this limits the possible weekly average to much smaller size than 1MB.

750kb as maximum weekly average is reasonable assumption.

It is not. Creating a new account in order to help this "argument" doesn't help it at all.

Seek professional help.

Just ignore him. Either a paid shill or he does really need it. I've been telling you guys to put him on ignore for a while now, why haven't you done so?

[Carlton Banks]

Seek professional help.

Just ignore him. Either a paid shill or he does really need it. I've been telling you guys to put him on ignore for a while now, why haven't you done so?

You're right to say that, although I personally don't use Ignore for trolls (just for people who annoy me.... there is a difference!). Will these bankster shill-trolls not just spin ignoring them as another one of their "victories"? Probably, but I'm not going to argue against them forever, only as long as it takes to get real scaling solutions up and running.  

[Zarathustra]

Some mined blocks are (and will be) very small, this limits the possible weekly average to much smaller size than 1MB.

750kb as maximum weekly average is reasonable assumption.

It is not. Creating a new account in order to help this "argument" doesn't help it at all.

Seek professional help.

Just ignore him. Either a paid shill or he does really need it. I've been telling you guys to put him on ignore for a while now, why haven't you done so?

The great advisor for the streamblock shills.

[VeritasSapere]

Some mined blocks are (and will be) very small, this limits the possible weekly average to much smaller size than 1MB.

750kb as maximum weekly average is reasonable assumption.

It is not. Creating a new account in order to help this "argument" doesn't help it at all.

There is some truth to this statement. Some miners would indeed sometimes choose to mine very small blocks, either way the real capacity of the Bitcoin network certainly would therefore be less then one megabyte.

Seek professional help.

Just ignore him. Either a paid shill or he does really need it. I've been telling you guys to put him on ignore for a while now, why haven't you done so?

You know the word ignorance comes from the word to ignore. I never ignore anyone, it is good to be continuously confronted with opposing beliefs, it tests our own conception of truth.

[hdbuck]

I still think you small blockers are crazy like

there will be no corporate banking take over of bitcoin.



cypherpunk's home brew monetary sovereignty is the only deal.

[VeritasSapere]

Oh yeah, the whole "you're just not ready" excuse  

Just put him on ignore like me and you will be better off. XT is a failed takeover of Bitcoin. Everyone should accept its fate by now.

XT is not a takeover of Bitcoin, I wish you would stop saying this, I can respect your position, but saying that XT is a takeover actually harms all of Bitcoin regardless of what you believe.

Rule by the economic majority is how Bitcoin is meant to be governed. So if the majority of people freely choose to adopt an alternative implementation of the Bitcoin protocol then this should be considered legitimate, even if you disagree. XT requires seventy five percent consensus in order for it to even initiate a fork after all.

If Core was the client introducing BIP101 and XT represented the alternative choice for one megabyte blocks you might not have been so quick to describe XT as a takeover of Bitcoin. I do not think it is even possible to "takeover" Bitcoin. The only way for Bitcoin to lose its inherent freedom would be if people chose to give up their freedom, which is why I find such totalitarian conceptions of Bitcoin to be harmful, since Bitcoin does reflect the culture of its participants.

XT can only be considered a takeover if you believe that Core should or does rule Bitcoin, which is the same as saying that this small group of technical experts should decide on the future of Bitcoin. I find this mentality to be totalitarian in nature and antithetical to the ethos of Bitcoin.

The only way to destroy freedom, is to convince people they are safer without it. This is exactly what is happening to Bitcoin.

https://medium.com/@riprowan/the-entire-debate-transcends-block-sizes-and-gets-to-the-fundamental-principles-of-bitcoin-as-c7f7bc1a493#.e6tlubrv7

[iCEBREAKER]

Confirmed: Hearn = Circle = Goldman = shitlords

Circle, Bitreserve, and BitPay are turning their backs on bitcoin

Circle — which makes a mobile bitcoin wallet and is backed by Goldman Sachs — recently began accepting US dollars and when I met the founders in London recently they told me that bitcoin was just the first use-case of their technology.

The future, according to CEO Jeremy Allaire, lies in using the technology that underpins technology, called the blockchain, to make sending any form of money as easy as sending an email. He didn't want to talk about bitcoin.

Allaire says it's always been Circle's aim to go beyond bitcoin but that hasn't always been obvious to outsiders.

How many silver shekels did Goldman pay Mikey for betraying Bitcoin?

Oh right I forgot...that's none of our business...we should only worry about conflicts of interest involving companies named Blockstream.   

[hdbuck]

Confirmed: Hearn = Circle = Goldman = shitlords

Circle, Bitreserve, and BitPay are turning their backs on bitcoin

Circle — which makes a mobile bitcoin wallet and is backed by Goldman Sachs — recently began accepting US dollars and when I met the founders in London recently they told me that bitcoin was just the first use-case of their technology.

The future, according to CEO Jeremy Allaire, lies in using the technology that underpins technology, called the blockchain, to make sending any form of money as easy as sending an email. He didn't want to talk about bitcoin.

Allaire says it's always been Circle's aim to go beyond bitcoin but that hasn't always been obvious to outsiders.

How many silver shekels did Goldman pay Mikey for betraying Bitcoin?

Oh right I forgot...that's none of our business...we should only worry about conflicts of interest involving companies named Blockstream.  

circle bitpay 'und' al. shitlords are burning cash like crazy mofos.  

The success of BitPay has exactly zero to do with the success of Bitcoin, is the problem. They're trying to leech it, which only works for so long. What's worse, their burn rate is killing them... more properly put, the reasoning is that they will never make in the course of their business enough money to pay back that round of investment.

no wonder they finally exit bitcoin as nobody uses their purchases tracking service, especially when hoarding bitcoin is the only game we are playing here.

bitcoin 'debit' card they said.. either they think we are retards or they just are.


ps: im more and more encline to put some satoshis on the F.DERP fund... (certainly no investment advice here )

https://www.cryptocoinsnews.com/f-derp-short-risky-bitcoin-startups/

[Zarathustra]

Confirmed: Hearn = Circle = Goldman = shitlords

Confirmed: iCE = Banks = JPM = shitlords

He says: Bitcoin is not for the people ("free shit army"), it's a reserve currency for the banks.

[Carlton Banks]

Confirmed: Hearn = Circle = Goldman = shitlords

Confirmed: iCE = Banks = JPM = shitlords

He says: Bitcoin is not for the people ("free shit army"), it's a reserve currency for the banks.

"that's not me that's you". Really? Is that the level you're operating at now? 

[tvbcof]

Confirmed: Hearn = Circle = Goldman = shitlords

Confirmed: iCE = Banks = JPM = shitlords

He says: Bitcoin is not for the people ("free shit army"), it's a reserve currency for the banks.

Bitcoin is, or could be, a reserve currency NOT for the banks.

A common phrase back in the day way 'be your own bank.'  That is what both Bitcoin and gold, as a class of assets which don't involve counter-party risk and which are resistant to interference, bring to the table.

It may be the case that it is not technically practical to use an asset which is as powerful as Bitcoin to store wealth in increments small enough to represent a pair of tennis shoes.  That would be mildly sad, but the ability of others in the same general peer group who have amassed a somewhat more being able to protect it without the intrusive 'help' of governments and corporations will benefit the flat broke as well.

Yes, under a total control system the mainstream can and will re-distributed from the middle to the bottom which may seem like a win to someone who cannot afford a pot to piss in, but they will siphon off plenty for their own upper segment in the process.  To resolve this problem, subordinate chains build on the non-counterparty-risk aspect of Bitcoin (hopefully, or a satisfactory like reserve if not) to bring this basic strength to 'the masses.'

[iCEBREAKER]

More comedy from the free-range grass-fed Lolcows!   

They're really going off the deep end.  Loss of their Dear Leader Mikey has sent them over the edge.

https://www.reddit.com/r/bitcoinxt/comments/3trott/what_will_you_do_if_bip101_fails/

hellobitcoinworld XTnodes.com founder

I think Litecoin may be bought out already, by Blockstream as well.

How do you buy out a FOSS project?  Is it a power only possessed by the Dark Mages of Evil Blockstream?   


Mikey's dependents are having abandonment issues:

https://www.reddit.com/r/bitcoinxt/comments/3tjyjd/30_top_banks_and_bitcoin_developer_mike_hearn/

livinincaliforniaXT v0.11 2 points 1 day ago

Hearn's working with the likes of Goldman Sachs? Not sure what to think about that.

SoCo_cpp -3 points 1 day ago

Our glorious leader has forsaken us?

livinincaliforniaXT v0.11 -1 points 1 day ago

Yes

Oh, the huge manatee!   

[Zarathustra]

Confirmed: Hearn = Circle = Goldman = shitlords

Confirmed: iCE = Banks = JPM = shitlords

He says: Bitcoin is not for the people ("free shit army"), it's a reserve currency for the banks.

Bitcoin is, or could be, a reserve currency NOT for the banks.

https://bitcointalk.org/index.php?topic=1240437.msg12932924#msg12932924

[Sir Lagsalot]

Confirmed: Hearn = Circle = Goldman = shitlords

Circle, Bitreserve, and BitPay are turning their backs on bitcoin

Circle — which makes a mobile bitcoin wallet and is backed by Goldman Sachs — recently began accepting US dollars and when I met the founders in London recently they told me that bitcoin was just the first use-case of their technology.

The future, according to CEO Jeremy Allaire, lies in using the technology that underpins technology, called the blockchain, to make sending any form of money as easy as sending an email. He didn't want to talk about bitcoin.

Allaire says it's always been Circle's aim to go beyond bitcoin but that hasn't always been obvious to outsiders.

How many silver shekels did Goldman pay Mikey for betraying Bitcoin?

Oh right I forgot...that's none of our business...we should only worry about conflicts of interest involving companies named Blockstream.  

circle bitpay 'und' al. shitlords are burning cash like crazy mofos.  

The success of BitPay has exactly zero to do with the success of Bitcoin, is the problem. They're trying to leech it, which only works for so long. What's worse, their burn rate is killing them... more properly put, the reasoning is that they will never make in the course of their business enough money to pay back that round of investment.

no wonder they finally exit bitcoin as nobody uses their purchases tracking service, especially when hoarding bitcoin is the only game we are playing here.

bitcoin 'debit' card they said.. either they think we are retards or they just are.


ps: im more and more encline to put some satoshis on the F.DERP fund... (certainly no investment advice here )

https://www.cryptocoinsnews.com/f-derp-short-risky-bitcoin-startups/

Hey, that's one of my old articles. Doesn't seem to be loading right now, seems CCN has fallen over.

Not sure what all this argument achieves - XT was crap and Gavhearn is gone, time to move on.

Seems to me we should be pushing for a fix to the Transaction Malleability bug so we can get the Lightning Network running. It needs to be fixed anyway.

[VeritasSapere]

Bitcoin is both a commodity and a currency. It can do both of these things, just like the gold and silver coins of ancient times. Do not believe when people say that we must choice between these two aspects of Bitcoin, it is a false dichotomy, a false choice. These two aspects of Bitcoin are actually synergistic they reinforce each other. After all Bitcoin was designed to be a peer to peer electronic cash system which has some of the same properties of a commodity like gold.

Bitcoin can be many things to different people even beyond commodities and currency, we do not need to restrict Bitcoin and we do not need to limit it in order to preserve decentralization. We also certainly do not need to rely on a centralized authority for the development of Bitcoin or else, Bitcoin is strong, Bitcoin is anti-fragile. We will overcome this challenge and progress in the evolution of what Bitcoin started. Trust without centralized authority, freedom and decentralization applied to many different aspects of our life and civilization, it is a brave new world, so do not give in to fear and be brave, apply reason and choose freedom.