korila (OP)
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May 25, 2016, 08:02:13 PM |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Quickdart
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May 30, 2016, 08:10:37 AM |
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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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zimmah
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May 30, 2016, 08:51:06 AM |
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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
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Quickdart
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June 08, 2016, 04:31:42 PM |
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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.
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Kprawn
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June 08, 2016, 04:38:15 PM |
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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. If I had a Bitcoin for every time Bitcoin were declared dead.. I would have been VERY rich.
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Assmaster2000
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June 08, 2016, 04:48:47 PM |
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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 Weeks TM," right?
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fortif78
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June 08, 2016, 05:02:41 PM |
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There you go, summarized above for clarity. 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 Weeks TM," 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 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.
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"In the land of the blind, the man with one eye is king."
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Assmaster2000
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June 08, 2016, 05:12:40 PM |
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>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.
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helloeverybody
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★YoBit.Net★ 350+ Coins Exchange & Dice
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June 08, 2016, 05:17:33 PM |
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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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spazzdla
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June 08, 2016, 05:24:07 PM |
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Bitcoin becoming the new gold requires no change in tx capability in my opinion.
Bitcoin will be just fine.
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helloeverybody
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June 08, 2016, 05:27:27 PM |
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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.
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Assmaster2000
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June 08, 2016, 05:29:08 PM |
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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 Just keep telling yourself everything will be fine.
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MingLee
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June 08, 2016, 05:33:19 PM |
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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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helloeverybody
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June 08, 2016, 05:42:54 PM |
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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.
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spazzdla
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June 08, 2016, 05:55:15 PM |
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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.
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Assmaster2000
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June 08, 2016, 05:56:48 PM |
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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
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spazzdla
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June 08, 2016, 05:58:59 PM |
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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.
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Assmaster2000
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June 08, 2016, 06:01:15 PM |
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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?
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Syke
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June 08, 2016, 06:06:12 PM |
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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.
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Buy & Hold
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Assmaster2000
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June 08, 2016, 06:15:00 PM |
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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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