Wondering out loud: Which should Chinese miners support - Core, Classic or another?

[CIYAM]

At the end of the day we don't even need Bitcoin to scale in order to have a "store of value" (do we really need to revisit the stupid "coffees" argument again?).

So there is no rush (unless you are Gavin who knows that his chance to "become dictator" again is running out rapidly).

If you are just "so impatient" to do more txs might I suggest that you try Litecoin or another alt?

[Fatman3001]

At the end of the day we don't even need Bitcoin to scale in order to have a "store of value" (do we really need to revisit the stupid "coffees" argument again?).

So there is no rush (unless you are Gavin who knows that his chance to "become dictator" again is running out rapidly).

If you are just "so impatient" to do more txs might I suggest that you try Litecoin or another alt?

No utility = No value

[CIYAM]

It needs to be useful as money first.

No it doesn't - gold isn't very useful "as money" yet it is still extremely useful as a store of value (same with other precious metals and minerals).

Bitcoin has never been as easy to use a conventional things like credit cards (and still isn't) so if your argument is about usability then Bitcoin should have already failed.

[BlindMayorBitcorn]

It needs to be useful as money first.

No it doesn't - gold isn't very useful "as money" yet it is still extremely useful as a store of value (same with other precious metals and minerals).

Gold was useful first. Why do you think it became money. Have a look at the periodic table if you still think gold is just a shiny metal.

Bitcoin has never been as easy to use a conventional things like credit cards (and still isn't) so if your argument is about usability then Bitcoin should have already failed.

Drugs and gambling and capital flight from China is great. Is that really your sole ambition for Bitcoin?

[CIYAM]

Gold was useful first. Why do you think it became money. Have a look at the periodic table if you still think gold is just a shiny metal.

Then you agree it is not useful now. But it still has its value - how?

Drugs and gambling and capital flight from China is great. Is that really your sole ambition for Bitcoin?

What on earth are you on about (when have I ever promoted the use of Bitcoin for drugs or capital flight)?

[CIYAM]

That is not an answer.

If you want to be treated like an adult then please behave like one (you are behaving like a silly child right now).

[CIYAM]

If Gavin would agree to simply have "no power" then I would support him (you and I both know that he will never do that as he only cares about taking control and doesn't care if he destroys Bitcoin in the process of trying to do so).

Ass.

Ass?

I see - you are resorting to insults now - guess I've beaten you then.

Next?

[Fatman3001]

It needs to be useful as money first.

No it doesn't - gold isn't very useful "as money" yet it is still extremely useful as a store of value (same with other precious metals and minerals).

Bitcoin has never been as easy to use a conventional things like credit cards (and still isn't) so if your argument is about usability then Bitcoin should have already failed.

Gold is used as heat shielding in both performance machines and satellites.

It is used for mirrors in space telescopes.

It is used as a coating on electronics to prevent corrosion.

It is used for jewelry and decoration.

It is used in heat reflecting windows.

It is used to reflect electromagnetic radiation in military jets.

In fact, It has lots of unique use cases, but cost limits its use.

[CIYAM]

Gold is used as heat shielding in both performance machines and satellites.

It is used for mirrors in space telescopes.

It is used as a coating on electronics to prevent corrosion.

It is used for jewelry and decoration.

It is used in heat reflecting windows.

It is used to reflect electromagnetic radiation in military jets.

In fact, It has lots of unique use cases, but cost limits its use.

But why is that every time we have a financial crisis gold goes up in value?

(hint - it isn't for any of the above reasons)

[BlindMayorBitcorn]

For the record, this is the least technical discussion I've ever taken part in. Ever hear the story of the chess playing pigeon? It just shits all over the board and struts around like it won something. 

[CIYAM]

For the record, this is the least technical discussion I've ever taken part in. Ever hear the story of the chess playing pigeon? It just shits all over the board and struts around like it won something.  

Then why not try stating something worthy of technical discussion?

Assuming that you are capable of that then there is no reason we can't actually make this topic have some technical point (so far it has just been politics).

[Fatman3001]

Gold is used as heat shielding in both performance machines and satellites.

It is used for mirrors in space telescopes.

It is used as a coating on electronics to prevent corrosion.

It is used for jewelry and decoration.

It is used in heat reflecting windows.

It is used to reflect electromagnetic radiation in military jets.

In fact, It has lots of unique use cases, but cost limits its use.

But why is that every time we have a financial crisis gold goes up in value?

(hint - it isn't for any of the above reasons)

Because you only see what you want to see.



The current upswing is more in line with the growth in mobile devices than economic crises.

[BlindMayorBitcorn]

http://xtnodes.com/other_nodes_and_xt_nodes_alldata.php

An interesting note on a reversal of node count drop off in that data. There appears to be a slight reversal in the downward trend due to decentralization of implementations. It will be interesting to see if this number continues to increase or not. We really need more incentives to increase economic full nodes. Payment channels like lightning may be the larger incentive to do just that.

There don't seem to be any hard psychological or financial incentives to running full nodes built into the system. I imagine if consumer use ever takes off in China we'll see more of them pop up?

[CIYAM]

Because you only see what you want to see.

Graphs are what politicians use to convince the masses of whatever they want to.

Please don't waste my time (like Peter R always does) with such nonsense.

[CIYAM]

There don't seem to be any hard psychological or financial incentives to running full nodes built into the system. I imagine if consumer use ever takes off in China we'll see more of them pop up?

We are not going to see that as Bitcoin is not allowed to be used for commercial purchases in China (it is only allowed to be used like a "stock").

[BlindMayorBitcorn]

There don't seem to be any hard psychological or financial incentives to running full nodes built into the system. I imagine if consumer use ever takes off in China we'll see more of them pop up?

We are not going to see that as Bitcoin is not allowed to be used for commercial purchases in China (it is only allowed to be used like a "stock").

You're in China. Can't you fix that? Get them all grokked to the ethos or whatever already.

[CIYAM]

You're in China. Can't you fix that? Get them all grokked to the ethos or whatever already.

I don't think that the Chinese government really gives much of a fuck what I think about (and if they did that would actually probably be of concern to me).

As I stated before - for the purpose of communication between the core devs and the Chinese miners I would offer my help (free of charge) because I am a Bitcoin "believer".

[Cconvert2G36]

To give Garzik a little bit of credit , he attempted to raise the the threshold to a slightly better number of 80% but was shutdown by Olivier Janssens in a couple minutes with support of the lead classic dev

https://twitter.com/_jonasschnelli_/status/693461617296678912
https://github.com/bitcoinclassic/bitcoinclassic/pull/60#issuecomment-177162092

It doesn't appear that Classic will budge to the concerns to the miners wanting at least 90%.

Thanks for the reconnaissance about the predictable, yet still hilarious, internal division at Classic HQ.

I suspect the optimally bad 75% is being enforced for reasons which are not yet public.  Perhaps like XT, Classic is only a probing attack, not intended to succeed but only for gathering info on the Core Defense Network and small block militia.

Garzik, as you note, has a brain, so he seems like a bad fit over there.

Who is this Olivier Janssens assclown, and why would he have "final call" authority above Garzik's?

Oh I see, he's some toxic, bigoted, ratfucking VC schmuck that plays sugar daddy to the anti-Core insurgency.

I look forward to seeing his head mounted in Mircea's trophy case, right next to Hearn's.

How big is this trophy case?

http://trilema.com/2015/theres-a-one-bitcoin-reward-for-the-death-of-pieter-wuille-details-below/

[hdbuck]

To give Garzik a little bit of credit , he attempted to raise the the threshold to a slightly better number of 80% but was shutdown by Olivier Janssens in a couple minutes with support of the lead classic dev

https://twitter.com/_jonasschnelli_/status/693461617296678912
https://github.com/bitcoinclassic/bitcoinclassic/pull/60#issuecomment-177162092

It doesn't appear that Classic will budge to the concerns to the miners wanting at least 90%.

Thanks for the reconnaissance about the predictable, yet still hilarious, internal division at Classic HQ.

I suspect the optimally bad 75% is being enforced for reasons which are not yet public.  Perhaps like XT, Classic is only a probing attack, not intended to succeed but only for gathering info on the Core Defense Network and small block militia.

Garzik, as you note, has a brain, so he seems like a bad fit over there.

Who is this Olivier Janssens assclown, and why would he have "final call" authority above Garzik's?

Oh I see, he's some toxic, bigoted, ratfucking VC schmuck that plays sugar daddy to the anti-Core insurgency.

I look forward to seeing his head mounted in Mircea's trophy case, right next to Hearn's.

How big is this trophy case?

http://trilema.com/2015/theres-a-one-bitcoin-reward-for-the-death-of-pieter-wuille-details-below/

Oh c'mon stop being such enraged virgin. That's humor.

[BlindMayorBitcorn]

To give Garzik a little bit of credit , he attempted to raise the the threshold to a slightly better number of 80% but was shutdown by Olivier Janssens in a couple minutes with support of the lead classic dev

https://twitter.com/_jonasschnelli_/status/693461617296678912
https://github.com/bitcoinclassic/bitcoinclassic/pull/60#issuecomment-177162092

It doesn't appear that Classic will budge to the concerns to the miners wanting at least 90%.

Thanks for the reconnaissance about the predictable, yet still hilarious, internal division at Classic HQ.

I suspect the optimally bad 75% is being enforced for reasons which are not yet public.  Perhaps like XT, Classic is only a probing attack, not intended to succeed but only for gathering info on the Core Defense Network and small block militia.

Garzik, as you note, has a brain, so he seems like a bad fit over there.

Who is this Olivier Janssens assclown, and why would he have "final call" authority above Garzik's?

Oh I see, he's some toxic, bigoted, ratfucking VC schmuck that plays sugar daddy to the anti-Core insurgency.

I look forward to seeing his head mounted in Mircea's trophy case, right next to Hearn's.

How big is this trophy case?

http://trilema.com/2015/theres-a-one-bitcoin-reward-for-the-death-of-pieter-wuille-details-below/

Oh c'mon stop being such enraged virgin. That's humor.

Humor is supposed to be funny.