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

[meono]

Bitstamp will be banned!

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3


hilarious.
 

[Zarathustra]

Bitstamp will be banned!

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3


hilarious.
 

all 431 comments sorted by: controversial (suggested)

Manipulation Comedy in perfection.

[Richy_T]

Bitstamp will be banned!

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c?context=3


hilarious.
 

[hdbuck]

bitstamp =/= bitcoin

[RoadStress]

bitcoin =/= bitstamp

They are not the only ones that announced that they will follow BIP101.

[hdbuck]

bitcoin =/= bitstamp

They are not the only ones that announced that they will follow BIP101.

Oh yes, sry, + bitpay + goldman sachs + the whole Blockchain (ie. not Bitcoin) Allianzzz^tm!

How's that titty sucking your banking lords working?

[xyzzy099]

bitcoin =/= bitstamp

They are not the only ones that announced that they will follow BIP101.

What exactly does it mean when Bitstamp says they will 'follow' BIP101?

I mean, the BIP only addresses the generation of blocks, right?  And Bitstamp (as far as I know) does not generate any blocks.

I get the expression of support, but I don't see how they affect the adoption (or not) of BIP101 at all.

[hdbuck]

Ehhh, the forkers are back on full retard mode.

https://www.reddit.com/r/Bitcoin/comments/3uvaqn/visualizing_bip101_a_payment_network_for_planet/?sort=controversial

Peter you nasty charlatan.  


ps: controversial sorting does the trick tho, right through the sockpuppets brigading accounts.. proper rekkage.

[iCEBREAKER]

More and more desperation from the XTard drone camp.

Good.

Things are progressing in the right direction.

They are really buttrekt about the RBF thing; they know their ludicrous vision of coffees-on-the-Holy-Ledger is now truly dead and buried.

I haven't seen such wailing, gnashing of teeth, and rending of garments at FrappeForum since the original Great Schism.  

The moronero shills shouldn't laugh to early. The chance, that the community will be unable to respond to the blockstream attack (change a 'Peer-to-Peer Electronic Cash System' into a settlement layer for the banksters) is miniscule.

https://www.reddit.com/r/btc/comments/3ush79/then_they_fight_you/

XT is 100% in the "being laughed at" stage, especially after NotXT literally made a mockery of it.

Your technical illiteracy is evident when you naively propose a 'Peer-to-Peer Electronic Cash System' based on a blockchain can possibly scale to fiat levels of tx per second.

Hal Finney already revealed the endgame:

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010

Please note it's not an intended replacement for PayPal or Starbucks gift cards.

[Lauda]

Ehhh, the forkers are back on full retard mode.

https://www.reddit.com/r/Bitcoin/comments/3uvaqn/visualizing_bip101_a_payment_network_for_planet/?sort=controversial

Peter R definitely seems to be trolling sometimes. I've stopped taking him seriously long ago. This visualization of BIP101 makes it even look worse than it actually is:

Visa-2015-level transactions by 2032! Sounds awesome.

Notice how it says it would take us until 2032 to reach the CURRENT ts/ps of Visa. LOL. Such blocksize increase is futile and will only centralize Bitcoin, this is a fact. We aren't getting nowhere without LN. Get a grip.

Handling the amount of Visa transactions of 2015, by 2032, will make Bitcoin obsolete then because it will not be able to handle enough volume (i.e. BIP101 solves nothing).

[hdbuck]

bitcoin =/= bitstamp

They are not the only ones that announced that they will follow BIP101.

What exactly does it mean when Bitstamp says they will 'follow' BIP101?

I mean, the BIP only addresses the generation of blocks, right?  And Bitstamp (as far as I know) does not generate any blocks.

I get the expression of support, but I don't see how they affect the adoption (or not) of BIP101 at all.

It means nothing but Two Cans And String Supporting XTCoin Revival



TL;DR: "There is no word on any potential plans by Bitstamp to add a third can or more string."

[marcus_of_augustus]

I would have serious doubts that bitstamp even runs one single full node of their own ... probably outsourced.

Who cares what the crooked bearswamp wants, they have been allowing some seriously crappy stuff to happen on their "exchange" since mid-2014? Not much of it good for bitcoin.

[BillyBobZorton]

Cool, let's make the blocksize huge guaranteeing that the nodes are run by datacenters so goverments can control Bitcoin. Really cool way to ruin the project.

[brg444]

Cool, let's make the blocksize huge guaranteeing that the nodes are run by datacenters so goverments can control Bitcoin. Really cool way to ruin the project.

Don't worry, the loud nobodies on reddit in no way, shape or form constitute any kind of economically relevant entity with regards to Bitcoin.

Most of these zealots don't control an iota of hashing power or any significant amount of BTC.

Chinese are responsible for at least 50% of the ecosystem and they couldn't care less about the hijacking attempts of a couple of US corporations

[iCEBREAKER]

So now Bitstamp is officially on the BIP101 train.

https://www.reddit.com/r/btc/comments/3utza9/bitstamp_supports_bip_101_and_will_switch_systems/

The tide is turning. Check the votes. The stream will be unblocked; soonish.

Votes?

You believe Bitcoin is a democracy; how adorable.   

You think talking about Bitcoin makes you part of it.  That's just precious.   

The only "tide" I see turning is the rump subs at /r/btc and /r/xt filling up with more than usual brigade-bait posts about Sensor Ships, /r/bitcoin, and /u/theymos.

There are so many 'Let's gossip about how awful that place I falsely said I was leaving is' shitposts about theymos's sub, they are actually displacing the biblical flood of RBF FUD and Peter Todd hatings.

 

[VeritasSapere]

The moronero shills shouldn't laugh to early. The chance, that the community will be unable to respond to the blockstream attack (change a 'Peer-to-Peer Electronic Cash System' into a settlement layer for the banksters) is miniscule.

https://www.reddit.com/r/btc/comments/3ush79/then_they_fight_you/

XT is 100% in the "being laughed at" stage, especially after NotXT literally made a mockery of it.

Your technical illiteracy is evident when you naively propose a 'Peer-to-Peer Electronic Cash System' based on a blockchain can possibly scale to fiat levels of tx per second.

Hal Finney already revealed the endgame:

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010

Please note it's not an intended replacement for PayPal or Starbucks gift cards.

I suppose Satashi Nakamoto must have been technically illiterate according to your reasoning. Since a "Peer-to-Peer Electronic Cash System" is the title of the Bitcoin whitepaper after all.

[hdbuck]

So now Bitstamp is officially on the BIP101 train.

https://www.reddit.com/r/btc/comments/3utza9/bitstamp_supports_bip_101_and_will_switch_systems/

The tide is turning. Check the votes. The stream will be unblocked; soonish.

Votes?

You believe Bitcoin is a democracy; how adorable.  

You think talking about Bitcoin makes you part of it.  That's just precious.  

The only "tide" I see turning is the rump subs at /r/btc and /r/xt filling up with more than usual brigade-bait posts about Sensor Ships, /r/bitcoin, and /u/theymos.

There are so many 'Let's gossip about how awful that place I falsely said I was leaving is' shitposts about theymos's sub, they are actually displacing the biblical flood of RBF FUD and Peter Todd hatings.

 

Actually if only they could stick to their own subs...

Surely by now they'd be a 'majority' or something?

[VeritasSapere]

Ehhh, the forkers are back on full retard mode.

https://www.reddit.com/r/Bitcoin/comments/3uvaqn/visualizing_bip101_a_payment_network_for_planet/?sort=controversial

Peter R definitely seems to be trolling sometimes. I've stopped taking him seriously long ago. This visualization of BIP101 makes it even look worse than it actually is:

Visa-2015-level transactions by 2032! Sounds awesome.

Notice how it says it would take us until 2032 to reach the CURRENT ts/ps of Visa. LOL. Such blocksize increase is futile and will only centralize Bitcoin, this is a fact. We aren't getting nowhere without LN. Get a grip.

Handling the amount of Visa transactions of 2015, by 2032, will make Bitcoin obsolete then because it will not be able to handle enough volume (i.e. BIP101 solves nothing).

You claim that increasing the blocksize according to the schedule outlined in BIP101 solves nothing yet it does increases the throughput of the Bitcoin blockchain by a factor of eight thousand, compared to where it is now over a period of twenty years. Practically this makes a huge difference, the solution does not need to be perfect, be careful to not fall into the trap of the engineers nirvana fallacy.

[ArticMine]

bitcoin =/= bitstamp

They are not the only ones that announced that they will follow BIP101.

What exactly does it mean when Bitstamp says they will 'follow' BIP101?

I mean, the BIP only addresses the generation of blocks, right?  And Bitstamp (as far as I know) does not generate any blocks.

I get the expression of support, but I don't see how they affect the adoption (or not) of BIP101 at all.

It means if there is a fork say BIP101 gets over 75% they will follow the BIP101 chain rather than the Core chain. Old (pre fork coins) will of course work on both chains.

Edit: So would all the other corporate BIP101 supporters. So if you wanted to pay with Bitcoin at a BitPay or Coinbase merchant you would have to use BIP101 coins or old pre fork coins but not the post fork Core coins.

[iCEBREAKER]

So now Bitstamp is officially on the BIP101 train.

https://www.reddit.com/r/btc/comments/3utza9/bitstamp_supports_bip_101_and_will_switch_systems/

The tide is turning. Check the votes. The stream will be unblocked; soonish.

Votes?

You believe Bitcoin is a democracy; how adorable.  

You think talking about Bitcoin makes you part of it.  That's just precious.  

The only "tide" I see turning is the rump subs at /r/btc and /r/xt filling up with more than usual brigade-bait posts about Sensor Ships, /r/bitcoin, and /u/theymos.

There are so many 'Let's gossip about how awful that place I falsely said I was leaving is' shitposts about theymos's sub, they are actually displacing the biblical flood of RBF FUD and Peter Todd hatings.

 

Actually if only they could stick to their own subs...

Surely by now they'd be a 'majority' or something?

My favorite Gavinista dead-ender posts are the ones along the lines of 'This XT sub sucks because all we do is copy content from /r/bitcoin and complain about theymos.  We have to do better if we are to vanquish Evil Blockstream.'

And then they go right back to shoveling posts from the main Bitcoin sub and whining about Sensor Ships!

Priceless.

The /r/btc ban of Jorge Stolfi is producing solid laughs as well.  Lost it at "he must not have been Roger VERified."