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Author Topic: This article shows how BTC scale issue will not be solved  (Read 976 times)
korila (OP)
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May 25, 2016, 08:02:13 PM
 #1

https://bitcoinmagazine.com/articles/antpool-will-not-run-segwit-without-block-size-increase-hard-fork-1464028753


Please read those who are interested in Segwit..
BTC is dead... I think..
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Quickdart
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May 30, 2016, 08:10:37 AM
 #2

The Core developers or their representatives said in Hong Kong meeting that they will implement both the SegWit and 2MB block size.
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May 30, 2016, 08:51:06 AM
 #3

If they keep being stubborn they will just waste their energy on mining a coin no one uses.

Miners are not all-powerful as some people think.

Nodes, consumers, investors and merchants also play a role.

What good is a coin you mine if no merchant accepts it, and no investors want to buy it, and no consumers want to use it and if nodes refuse to transmit your transactions?

If investors/consumers/merchants and nodes don't agree with miners, then the miners will lose money.

If the market demands larger block size, we will have a larger blocksize whether the miners want it or not.

The miners that lagg behind because they're stubborn or greedy will either be forced to switch or go broke.

Also, as far as i'm aware, antpool actually supports classic
Quickdart
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June 08, 2016, 04:31:42 PM
 #4

If they keep being stubborn they will just waste their energy on mining a coin no one uses.

Miners are not all-powerful as some people think.

Nodes, consumers, investors and merchants also play a role.

What good is a coin you mine if no merchant accepts it, and no investors want to buy it, and no consumers want to use it and if nodes refuse to transmit your transactions?

If investors/consumers/merchants and nodes don't agree with miners, then the miners will lose money.

If the market demands larger block size, we will have a larger blocksize whether the miners want it or not.

The miners that lagg behind because they're stubborn or greedy will either be forced to switch or go broke.

Also, as far as i'm aware, antpool actually supports classic


I agree with that. I think the 2MB block size increase will happen in the next 12 months. If not, bitcoin is dead.
Kprawn
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June 08, 2016, 04:38:15 PM
 #5


WTF, Bitcoin is programmable money and the code can be changed on a dime, if need be. You will get quick consensus on issues with higher importance.. So developers will make these changes and

people will accept these changes, if it threatens Bitcoin's survival. At this stage, it's only a big issue for Gavinista's and Big block supporters will ulterior motives.  Roll Eyes If I had a Bitcoin for every time

Bitcoin were declared dead.. I would have been VERY rich.  Grin Grin Grin

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Assmaster2000
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June 08, 2016, 04:48:47 PM
 #6


WTF, Bitcoin is programmable money and the code can be changed on a dime, if need be.

>throughput is still ~3tps
>core still didn't release SegWit it promised would be done the month before last
By "on a dime" you mean "In Two WeeksTM," right?
fortif78
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June 08, 2016, 05:02:41 PM
 #7


WTF, Bitcoin is programmable money and the code can be changed on a dime, if need be. You will get quick consensus on issues with higher importance.. So developers will make these changes and

people will accept these changes, if it threatens Bitcoin's survival. At this stage, it's only a big issue for Gavinista's and Big block supporters will ulterior motives.  Roll Eyes If I had a Bitcoin for every time

Bitcoin were declared dead.. I would have been VERY rich.  Grin Grin Grin


 "Hey guys, [insert circular comments somewhat pertaining to topic], blah blah blah, don't mind me I'm just here for my signature post count, blah blah blah, the end.
There you go, summarized above for clarity.  Kiss

Anyways back on topic...


WTF, Bitcoin is programmable money and the code can be changed on a dime, if need be.

>throughput is still ~3tps
>core still didn't release SegWit it promised would be done the month before last
By "on a dime" you mean "In Two WeeksTM," right?

You speak as if these are things that should happen asap!!!!! get that implemented now now now!!! gah, what a weak argument - like the devs are just sitting around doing nothing  Cheesy the more time the better. These are serious changes to the way transactions are processed, they can take all the time they need to test every last edge-case .

>throughput is still ~3tps
>core still didn't release SegWit it promised would be done the month before last
By "on a dime" you mean "In Two WeeksTM," right?

Also - seems like you're one of those that loves to bable without any prior research.
Have you seen this: https://blog.blockchain.com/2016/05/16/announcing-the-thunder-network-alpha-release/            ?
There are scalability solutions that decimate that tps, and they will come, once again, with time.

"In the land of the blind, the man with one eye is king."
Assmaster2000
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June 08, 2016, 05:12:40 PM
 #8

>throughput is still ~3tps
>core still didn't release SegWit it promised would be done the month before last
By "on a dime" you mean "In Two WeeksTM," right?

You speak as if these are things that should happen asap!!!!! get that implemented now now now!!! gah, what a weak argument [snip] the more time the better.

Did I say now? Sorry, I meant a year ago. Or, failing that, over a month ago, when the core team promised the miners it would be done.
Which part of "don't make promises you can't deliver on, because it makes you look like either an incompetent or a flat-out liar" do you disagree with?
And which part of "on a dime" implies "the more time the better"?

Re. "alpha release": Nah, that don't count, because unusable IRL.
helloeverybody
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June 08, 2016, 05:17:33 PM
 #9

Other un named coins have managed to do a hardfork at the drop of the hat, Bitcoin  should be able to do the same though i would have expected them to do it much more efficiently yet we are still waiting for something to happen. All i can do is ride the wave and hope that core dont leave it too long although maybe the already have.

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June 08, 2016, 05:24:07 PM
 #10

Bitcoin becoming the new gold requires no change in tx capability in my opinion.

Bitcoin will be just fine.
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June 08, 2016, 05:27:27 PM
 #11

Bitcoin becoming the new gold requires no change in tx capability in my opinion.

Bitcoin will be just fine.

If the only reason people want to use bitcoin is for a store of value then i agree, its a great replacement for gold or just as a hedge but if people are wanting to actually be able to spend it then we run into problems.

Assmaster2000
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June 08, 2016, 05:29:08 PM
 #12

Bitcoin becoming the new gold requires no change in tx capability in my opinion.

Bitcoin will be just fine.



Right, we never really meant it to be A Peer-to-Peer Electronic Cash System Roll Eyes

Just keep telling yourself everything will be fine.
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June 08, 2016, 05:33:19 PM
 #13

Bitcoin becoming the new gold requires no change in tx capability in my opinion.

Bitcoin will be just fine.

If the only reason people want to use bitcoin is for a store of value then i agree, its a great replacement for gold or just as a hedge but if people are wanting to actually be able to spend it then we run into problems.
Eh, I don't know if people would use it as a store of value over a growth investment, there are far safer things that people can invest in instead of investing in Bitcoin. A large majority of investors aren't putting large amounts of money in because it'll keep it's value over a much longer period of time; they're putting the money in because of the monetary growth aspect of it.
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June 08, 2016, 05:42:54 PM
 #14

Bitcoin becoming the new gold requires no change in tx capability in my opinion.

Bitcoin will be just fine.

If the only reason people want to use bitcoin is for a store of value then i agree, its a great replacement for gold or just as a hedge but if people are wanting to actually be able to spend it then we run into problems.
Eh, I don't know if people would use it as a store of value over a growth investment, there are far safer things that people can invest in instead of investing in Bitcoin. A large majority of investors aren't putting large amounts of money in because it'll keep it's value over a much longer period of time; they're putting the money in because of the monetary growth aspect of it.

Your nit picking. When i say a store of value this would be similar to gold in that there's a good chance it wont lose too much value and could also go up. Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

spazzdla
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June 08, 2016, 05:55:15 PM
 #15

Bitcoin becoming the new gold requires no change in tx capability in my opinion.

Bitcoin will be just fine.

If the only reason people want to use bitcoin is for a store of value then i agree, its a great replacement for gold or just as a hedge but if people are wanting to actually be able to spend it then we run into problems.
Eh, I don't know if people would use it as a store of value over a growth investment, there are far safer things that people can invest in instead of investing in Bitcoin. A large majority of investors aren't putting large amounts of money in because it'll keep it's value over a much longer period of time; they're putting the money in because of the monetary growth aspect of it.

Bitcoin has a potential to 10x, 100x or even more..

All fiat currencies will move to crypto, I have massive doubts bitcoin will become a currency like the USD.  I see it becoming the new gold.

It has so many advantages over gold.

Govs WILL NOT give up the ability to printy money, they cannot give up that ability. 

Assmaster2000
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June 08, 2016, 05:56:48 PM
 #16

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.
Next you'll be telling me people use BBQcoin to store value Roll Eyes
spazzdla
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June 08, 2016, 05:58:59 PM
 #17

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.

Prove it
I doubt I will be continuing "telling" you anything.  Your cognitive dissonance is way to strong.
Enjoy the rest of your day trolling.
Assmaster2000
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June 08, 2016, 06:01:15 PM
 #18

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.

Prove it

Prove what? That gold has been used as a store of value for millennia, and Bitcoin has been around for 7 years totes, 3 of those in total obscurity?
Do you actually doubt that?
Are you also going to demand proof of 2+2=4, that water tends to be wet & fire warm?
Syke
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June 08, 2016, 06:06:12 PM
 #19

By "on a dime" you mean "In Two WeeksTM," right?

In the past, when significant problems arose, yes, bitcoin has been able to fork immediately. Blocks are not full, therefore, there is no immediate need for a fork at this time. If the need arises, it will be dealt with.

Buy & Hold
Assmaster2000
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June 08, 2016, 06:15:00 PM
 #20

By "on a dime" you mean "In Two WeeksTM," right?

In the past, when significant problems arose, yes, bitcoin has been able to fork immediately. Blocks are not full, therefore, there is no immediate need for a fork at this time. If the need arises, it will be dealt with.

Err... You mean this, way back when everyone in Bitcoin wasn't trying to tear each other a new one?

When half of the people are claiming that there's no need, that Bitcoin was never even meant to ba A Peer-to-Peer Electronic Cash System, that everything's just fine because it's a store of value, I doubt anything will happen on a dime.
Core will just keep telling us that the reason they couldn't deliver as promised is due to bitcoin being very scientific and dangerous, and that's why shit will stay on testnet for Two More Weeks.
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June 08, 2016, 06:35:40 PM
 #21

The original poster of this thread is a scumbag moron from a 3rd world country that opens long and short positions of 300 BTC while spamming the message board to try and make his position work.  Here is an example where he posted his long in one of my threads:



Although my keyboard typing hand was wrong, my brain was right Smiley
over 30btc profit...finally...

These people are absolute trash.  He also constantly posts Ethereum shill posts, even though it's a valueless scamcoin.  People who need to lie to make their positions work are called sociopaths.

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spazzdla
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June 08, 2016, 06:36:32 PM
 #22

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.

Prove it

Prove what? That gold has been used as a store of value for millennia, and Bitcoin has been around for 7 years totes, 3 of those in total obscurity?
Do you actually doubt that?
Are you also going to demand proof of 2+2=4, that water tends to be wet & fire warm?

Prove that gold still has value because it use to have value.  You said the only reason it is valuable is because it has been for ages.. that statement.. wow.

I am curious to who is paying you to post here though, would you share that info with us?
spazzdla
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June 08, 2016, 06:37:00 PM
 #23

The original poster of this thread is a scumbag moron from a 3rd world country that opens long and short positions of 300 BTC while spamming the message board to try and make his position work.  Here is an example where he posted his long in one of my threads:

https://bitcointalk.org/index.php?topic=1475538.msg14985512#msg14985512

These people are absolute trash.  He also constantly posts Ethereum shill posts, even though it's a valueless scamcoin.

Pretty sure this 68 post assmaster is an alt of his as well.
Assmaster2000
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June 08, 2016, 07:26:29 PM
 #24

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.

Prove it

Prove what? That gold has been used as a store of value for millennia, and Bitcoin has been around for 7 years totes, 3 of those in total obscurity?
Do you actually doubt that?
Are you also going to demand proof of 2+2=4, that water tends to be wet & fire warm?

Prove that gold still has value because it use to have value.  You said the only reason it is valuable is because it has been for ages.. that statement.. wow.

I am curious to who is paying you to post here though, would you share that info with us?

Lol, not everything that is valuable is used as a store of value, my spazzy friend. I value my cat, though my cat is a poor store of value. Ice cream is also valuable, but you're a fool to use it as a store of value. Stop.
Regarding my Saurian handlers, they're the ones who keep you eternally angry and stupid. Stupid but very tasty, won't lie.
Stay tasty, earthling.

korila (OP)
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June 08, 2016, 07:31:07 PM
 #25

dont bring this old post makes me feel awful..

I could have made much much more if I just hold that position Sad

But I couldn.t.... 


my last advice to all hold bitcoins till the end of the world!
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June 08, 2016, 07:32:08 PM
 #26

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.

Prove it

Prove what? That gold has been used as a store of value for millennia, and Bitcoin has been around for 7 years totes, 3 of those in total obscurity?
Do you actually doubt that?
Are you also going to demand proof of 2+2=4, that water tends to be wet & fire warm?

Prove that gold still has value because it use to have value.  You said the only reason it is valuable is because it has been for ages.. that statement.. wow.

I am curious to who is paying you to post here though, would you share that info with us?

Lol, not everything that is valuable is used as a store of value, my spazzy friend. I value my cat, though my cat is a poor store of value. Ice cream is also valuable, but you're a fool to use it as a store of value. Stop.
Regarding my Saurian handlers, they're the ones who keep you eternally angry and stupid. Stupid but very tasty, won't lie.
Stay tasty, earthling.



The difference is that you value your cat whereas nobody else does therefore its a poor store of value. many people consider bitcoin a good store of value therefore it is. If everyone valued ice cream as a store of value then price of ice cream would sky rocket and become a store of value too which would be a shame since i like ice cream and coudnt afford such luxury should it become a store of value.

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June 08, 2016, 07:48:48 PM
 #27

Thats why gold is also considered a store of value as bitcoin could be considered as aswell.

The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.

Prove it

Prove what? That gold has been used as a store of value for millennia, and Bitcoin has been around for 7 years totes, 3 of those in total obscurity?
Do you actually doubt that?
Are you also going to demand proof of 2+2=4, that water tends to be wet & fire warm?

Prove that gold still has value because it use to have value.  You said the only reason it is valuable is because it has been for ages.. that statement.. wow.

I am curious to who is paying you to post here though, would you share that info with us?

Lol, not everything that is valuable is used as a store of value, my spazzy friend. I value my cat, though my cat is a poor store of value. Ice cream is also valuable, but you're a fool to use it as a store of value. Stop.
Regarding my Saurian handlers, they're the ones who keep you eternally angry and stupid. Stupid but very tasty, won't lie.
Stay tasty, earthling.



The difference is that you value your cat whereas nobody else does therefore its a poor store of value. many people consider bitcoin a good store of value therefore it is.

No. Now, be honest with yourself, would you be holding BTC right now if you didn't think its buying power would be higher at some point in the future?
That's why most people hold BTC, that's why I held BTC. Think of it as a poker hand, think of it as casino chips, think of it as anything but a store of value, because my fucking cat is older than bitcoin, 4realsies.

Quote
If everyone valued ice cream as a store of value then price of ice cream would sky rocket and become a store of value too which would be a shame since i like ice cream and coudnt afford such luxury should it become a store of value.
No again. The reason ice cream is a shitty store of value is because it's almost as high-maintenance as my cat. You let the fridge power down for  a few hours, and there goes your store of value. Every day you have to pay the light bill, even tho you're not eating any of it. Now imagine doing that for a non-trivial length of time, like, oh, 50 years? The odds of having the power on 24/7 for 50 years are slim, the odds of tears upon opening in 50 years? 100%

Yet Bitcoin is exactly like that -- to keep the network as secure (fridge on) costs 25BTC every 10 minutes Sad
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