Bitcoin becoming centrally planned: Communist

[RustyNoman]

If the core does not adopt it,  the bitcoin will become less useful for large transactions, the price will be zero when litecoin replace bitcoin as the most useful coin.

Core is planning doing 2-4-8 MB increases, but it seems all it takes to block this proposal is Greg Maxwell and luke-jr. Maybe there is another one who has dirty plans to veto the increase and let altcoins enjoing influx of new users. Where we come to when few can veto the rest of community and make money on altcoins at the Bitcoin expense. This compromise model is much worse than 51% democracy model. It remind me how Bitcoiners are treated as utopians from outsiders - the compromise model Bitcoin Core promote seems really as some unreachable utopia clearly out of reality...

There is a simple solution to that. We can all move to Classic and implement the 2MB increase. Bitcoin will survive again.

[RealBitcoin]

I saw a post today on reddit where a CB member said that bitcoin is exactly what I described here.

Of course the hypocrisy is that they are too centrally planned and cannot see that, but that's not the point.

I worry about bitcoin, thats all.

https://www.reddit.com/r/Bitcoin/comments/46ie5h/this_is_what_the_chairman_of_the_federal_reserve/

[RealBitcoin]

Centralization is now worrisome.

Japan will make bitcoin a real currency, now what?

The BOJ will start regulate it, or the japanese financial regulators?

They will demand github access to the source code so that they can impement changes in it lol. 

[blackbird307]

Centralization is now worrisome.

Japan will make bitcoin a real currency, now what?

The BOJ will start regulate it, or the japanese financial regulators?

They will demand github access to the source code so that they can impement changes in it lol. 

How could they? I doubt it. It's just a strategy.

[Yakamoto]

If the core does not adopt it,  the bitcoin will become less useful for large transactions, the price will be zero when litecoin replace bitcoin as the most useful coin.

Core is planning doing 2-4-8 MB increases, but it seems all it takes to block this proposal is Greg Maxwell and luke-jr. Maybe there is another one who has dirty plans to veto the increase and let altcoins enjoing influx of new users. Where we come to when few can veto the rest of community and make money on altcoins at the Bitcoin expense. This compromise model is much worse than 51% democracy model. It remind me how Bitcoiners are treated as utopians from outsiders - the compromise model Bitcoin Core promote seems really as some unreachable utopia clearly out of reality...

There is a simple solution to that. We can all move to Classic and implement the 2MB increase. Bitcoin will survive again.

At this point I do not care what is going to happen, I'm more interested in having everyone else do what they intend on changing. The sooner everyone comes to a consensus and everyone begins to start moving in that direction, the happier I will be.

A majority of the issues we have right now with Bitcoin revolve around the lack of political stability, which is expected from a decentralized system, but there should not be so many petty arguments and people should do what is best (which is subjective).

[adamstgBit]

you have it all wrong OP, bitcoin dev use to be "centrally planned".

now we have Core Classic Unlimited, all trying to get miners to agree with them.

development has never been more decentralized.

[RealBitcoin]

At this point I do not care what is going to happen, I'm more interested in having everyone else do what they intend on changing. The sooner everyone comes to a consensus and everyone begins to start moving in that direction, the happier I will be.

A majority of the issues we have right now with Bitcoin revolve around the lack of political stability, which is expected from a decentralized system, but there should not be so many petty arguments and people should do what is best (which is subjective).

Bitcoin is the single biggest test on weather people can cooperate or not.

This global test will show if cooperation between large people is possible or not. If not, then obviously democracy is flawed and cannot work, and we will inevitable slip into despotism, no matter how hard we oppose it.

Centralization is a feature of nature, and if the decentralization movement fails, then it becomes inevitable everywhere.

[whizz94]

weather people

A problem with democracy-by-headcount is that it gives equal votes to everyone, whether or not they can spell.  I prefer democracy-weighted-by-correctness.

[RealBitcoin]

weather people

A problem with democracy-by-headcount is that it gives equal votes to everyone, whether or not they can spell.  I prefer democracy-weighted-by-correctness.

Haha very funny.

I prefer democracy weighted by merits, which can be measured by the net worth of a person also known as: Capitalism.

The more money you have the more voting rights, however we must make sure the money comes from a legit way.

That would be a better system.


So in bitcoin, voting by balance is better.

http://bitcoinocracy.com/

[whizz94]

Not a chance, as I'm skint.  No debt, but not a lot of money either.
I think you'll find that capitalism gives almost all the permission in the world to idiots who borrow lots and can't or won't pay it back.  They have not shown merit; only reckless audacity.

[RealBitcoin]

Not a chance, as I'm skint.  No debt, but not a lot of money either.
I think you'll find that capitalism gives almost all the permission in the world to idiots who borrow lots and can't or won't pay it back.  They have not shown merit; only reckless audacity.

The debt culture is not capitalism, because its based on keynesian vodoo economics.

In real capitalism everyone would have a credit rating and borrow accordingly.


Printing money and loaning it out is a ponzi economy, and of course it will not be encouraged.


With bitcoin we can do a perfect closed system economy, with a few scams here and there, but not the entire system being a scam to begin with.

[lixer]

Bitcoins would let you transact using an electronic system, more anonymous and quite separate to your bank account.
But still, the rise of a digital currency instead of cold hard cash frightens a lot of people. But it could make sense for governments to dump cash and relay on only Digital currency.

[Betwrong]

Bitcoins would let you transact using an electronic system, more anonymous and quite separate to your bank account.
But still, the rise of a digital currency instead of cold hard cash frightens a lot of people. But it could make sense for governments to dump cash and relay on only Digital currency.

Maybe they will do just that in the future but most likely it will happen in the far future, 20 or 30 years from now. At this point most people unfortunately are not ready to dump cash completely and not only because of the habit of using it, there are a lot of other factors preventing relaying only on digital currency.

[RealBitcoin]

Bitcoins would let you transact using an electronic system, more anonymous and quite separate to your bank account.
But still, the rise of a digital currency instead of cold hard cash frightens a lot of people. But it could make sense for governments to dump cash and relay on only Digital currency.

Of course people are so materialists that they only like things in their hands.

They cant comprehend a financial system where you hold your money in your head, and it's so alien to them.


You can be a capitalist without being materialist, or atleast that is how I am, i dont really care about physical items, i can totally accept an ethereal economy.

[chek2fire]

[Lauda]

now we have Core Classic Unlimited, all trying to get miners to agree with them.

development has never been more decentralized.

We need more compatible implementations, not ones trying to take over. You can have your desired decentralization like that, however it does not make the developing ecosystem simpler.

So in bitcoin, voting by balance is better.
http://bitcoinocracy.com/

The 'forkers' tend to complain about this site, however I think that it represents one of the best voting mechanisms that we currently have (for the users). The signatures can be verified and anyone can vote with any balance (we can differentiate between total balance and total addresses (prone to abuse though)).

Core is planning doing 2-4-8 MB increases, but it seems all it takes to block this proposal is Greg Maxwell and luke-jr.

I don't see how they could veto the change if everyone else agreed to it.

[richkellj]

Bitcoins would let you transact using an electronic system,
But it could make sense for governments to dump cash and relay on only Digital currency.

[Ultrafinery]

Communists? In MY BITCOIN?!