aztecminer
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February 29, 2016, 07:46:54 PM |
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...
"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".
Bitcoin is like brewer's yeast: by the time network stops growing it starts choking on its own piss, it's too late -- everything dies  that means bitcoin is worth $500 at least.. as can see .. my predictions are right.. when the blocks fill up bitcoin is worth more fiat . |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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Adrian-x
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February 29, 2016, 07:47:30 PM |
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Spam limit working as intended  no the transactions centralized control deemed undesirable were not written to the blockchain but bloated the Mempool, something that was not supposed to happen. Does 0.12 include a big flashing sign to remind me that my transaction is spam? I sure hope so. Then I can reenter it with a non spam mindset. No but they have included a new feature called Opt-in Replace-by-fee transactions you need to use this feature if you want to make your invalid transaction valid again. it's a change to Bitcoin that comes with a with a lot of new problems but just ignore them for now. RBF was actually invented by Satoshi and implemented in the original release. Try again I think you need to "try again", that's such a week response. and I suppose the Block limit is just a temporary limit that can be removed when transaction volume approaches the limit. |
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brg444
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February 29, 2016, 07:51:31 PM |
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I think you need to "try again", that's such a week response. and I suppose the Block limit is just a temporary limit that can be removed when transaction volume approaches the limit.
who said that? surely not satoshi |
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Adrian-x
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February 29, 2016, 07:52:16 PM |
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The network, not Core, not centralized policies, decide if your transaction is good or not.
hardly, its those who manage to veto the proposals to allow blockchain grow that exert control what transactions become valid - demand is moving off bitcoin blockchain and your calibrating.  By those you mean 4000 nodes and about 80% of the mining power? The standoff is just FUD and censorship if anyone knows how much the PR cost to keep control of Bitcoin Development you should have an idea. How sustainable is it? most people want to avoid corporate control of bitcoin and you keep telling us Blockstream has no influence, its independent bitcoiners who are corrupted by corporate control. I get it. |
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aztecminer
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February 29, 2016, 07:52:53 PM |
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price will rise before it rises higher.
can't you see it happening?
420 is just the beginning
so whats the target price for February ? 500  600 i think is stuck range 400 - 500 ... bitcoin is selling the halving . close... i think 350 to 500 is their range they are stuck in .. #paralyzed #GimpCoin |
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BitUsher
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February 29, 2016, 07:54:53 PM |
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Excellent Having a Diversity of Implementations that aren't attacking each other: https://bitcoinmagazine.com/articles/bitcoin-always-needed-more-than-one-body-of-developers-an-interview-with-libbitcoin-s-eric-voskuil-1456762744Eric is spot-on. Glad to have him and the rest of the libbitcoin team working on Bitcoin independently from those of us focussed on Core.
" A code fork that simply changes a consensus rule because there is not universal agreement is not resistance, it's an attack.
A dissenter always has the option to start another coin. But an attempt to cause a change in consensus rules without actual consensus is an attempt at theft.
I'm not keen on any block size limit increase presently. I assume we may need to do so at some point, but given the minimal fee pressure we see today, there is absolutely no urgency. And given the lack of consensus it would not be appropriate to try."
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Adrian-x
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February 29, 2016, 07:55:10 PM |
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I think you need to "try again", that's such a week response. and I suppose the Block limit is just a temporary limit that can be removed when transaction volume approaches the limit.
who said that? surely not satoshi So we agree on one satoshi quote, but it's hardly relevant you need to make up your mind independently of authority. |
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Fatman3001
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Make Bitcoin glow with ENIAC
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February 29, 2016, 07:57:08 PM |
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  Ahh... The Wonder And Beauty of a planned economy. |
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8up
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February 29, 2016, 07:58:47 PM |
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Ahh... The Wonder And Beauty of a planned economy. +1 it's actually quite funny, when libertarians turn into communists. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 29, 2016, 08:00:39 PM |
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hdbuck
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February 29, 2016, 08:01:19 PM |
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Ahh... The Wonder And Beauty of a planned economy. +1 it's actually quite funny, when libertarians turn into communists. bitcoin is not a democracy.  |
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Cconvert2G36
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February 29, 2016, 08:02:15 PM |
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Spam limit working as intended no the transactions centralized control deemed undesirable were not written to the blockchain but bloated the Mempool, something that was not supposed to happen. Mempool bloat? Meh, just another spam attack. Honeybadger eats those for lunch. $0.06 to get in the next block! Who's buying? AlexGR was happy to remind us it was $0.04 (we should be using sat/byte btw) a week ago. So... 50% growth in a week boys! Can you smell that predictability and competitive advantage? Mewn sewn! An aside: You, BitUsher, AlexGR, and hdbuck all joined the forum around the same time... can you guess who was first?  |
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brg444
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February 29, 2016, 08:03:43 PM |
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The network, not Core, not centralized policies, decide if your transaction is good or not.
hardly, its those who manage to veto the proposals to allow blockchain grow that exert control what transactions become valid - demand is moving off bitcoin blockchain and your calibrating. By those you mean 4000 nodes and about 80% of the mining power? The standoff is just FUD and censorship if anyone knows how much the PR cost to keep control of Bitcoin Development you should have an idea. How sustainable is it? most people want to avoid corporate control of bitcoin and you keep telling us Blockstream has no influence, its independent bitcoiners who are corrupted by corporate control. I get it. The standoff is actually called status quo in absence of any interesting option. You didn't really think your merry bunch of mental midgets could fork bitcoin did you? |
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Cconvert2G36
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February 29, 2016, 08:04:34 PM |
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That was the crawler used by the DDoSer that nailed all the classic ip's this weekend. |
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Adrian-x
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Activity: 1372
Merit: 1000
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February 29, 2016, 08:05:05 PM |
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Ahh... The Wonder And Beauty of a planned economy. +1 it's actually quite funny, when libertarians turn into communists. No whats funny is that bitcoin has fallen victim to the exact same problem, while under control of the exact same PTB. the existing Financial incumbents are seeing a return on there investment in Bitcoin already, despite the fact that they didn't have to buy one single bitcoin. welcome to the future. |
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Cconvert2G36
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February 29, 2016, 08:07:59 PM |
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Who should decide what the fair price of a tx is?
Competition between miners. Sounds good to me! The old supply/demand dynamic, right? Now, who should decide how much demand there is for tx? Who should decide what the supply of tx is? Demand is demand. Supply is supply. Free market is balancing supply and demand. Every miner decides which is the lowest tx fee (cut-off level) for every particular block. If tx fee for extended period is too low miners will go out of this business. If tx fee for extended period is too high new miners will enter this business. What don't you understand? So much fail... Do you even supply curve, broh? Do you even central plan? |
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brg444
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February 29, 2016, 08:09:31 PM |
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Ahh... The Wonder And Beauty of a planned economy.
+1 it's actually quite funny, when libertarians turn into communists. No whats funny is that bitcoin has fallen victim to the exact same problem, while under control of the exact same PTB. the existing Financial incumbents are seeing a return on there investment in Bitcoin already, despite the fact that they didn't have to buy one single bitcoin. welcome to the future. Didn't you sell your bitcoins anyway? Why do you care? I mean face it Blockstream won, time to jump ship to a new altcoin. Better luck next time |
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bargainbin
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February 29, 2016, 08:10:28 PM |
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... bitcoin is not a democracy.  |
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tommorisonwebdesign
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February 29, 2016, 08:13:23 PM |
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Ahh... The Wonder And Beauty of a planned economy. +1 it's actually quite funny, when libertarians turn into communists. bitcoin is not a democracy. What do you mean? We have rights and liberties to spend Bitcoin on whatever we want, right? |
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