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Cconvert2G36
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November 03, 2015, 11:08:03 PM |
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Some of the giant chinese mining pools are currently centralizing the validation of every transactions they mine.
Do you find that to be a concern?
I do. And I recall some of them paid dearly for that recently, so they might be thinking about it too. What part of "they're still doing" did you not understand? You'd think they would've stopped by now if really it wasn't profitable. But no, we'll just pretend that a couple of dropped blocks undermined weeks and months of cheating the system. "That'll make em learn"!  So we should be really afraid of miners solving blocks that will be rejected by the rest of the network? You guys have such interesting concerns. |
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barbs
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November 03, 2015, 11:09:35 PM |
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404 : WHALE NOT FOUND  |
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Wekkel
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Activity: 3122
Merit: 1538
yes
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November 03, 2015, 11:10:58 PM |
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nioc
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Activity: 1624
Merit: 1008
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November 03, 2015, 11:15:51 PM |
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Hey hey who cares look at the price
US=$400 China=$425 This is not a paid signature |
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brg444
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November 03, 2015, 11:20:40 PM |
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[–]solex1
Yes. I think the Bitcoin ecosystem will move to a big-blocks version whether Core updates or not.
However, there would be a lot more price volatility and bad publicity the longer Core Dev continues with the "settlement layer" fantasy.
[/i]
Yeah we get it. We didn't reject it. We're "just not ready". Seriously, take your meds. 'We' And who exactly are you?  |
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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November 03, 2015, 11:21:56 PM |
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Bedtime for me right now. I'll be up in 7 hours or so.
Any ideas where we are heading during these next 7 hours and any guesses what it'll be when I wake up?
My guess based on absolutely nothing is $415 (U.S price not CHI)
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Kanapka
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November 03, 2015, 11:25:47 PM |
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Please wake me when we reach 600(may very well be tomorrow)
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hendra147
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November 03, 2015, 11:26:24 PM |
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404 : WHALE NOT FOUND #IMO some people sell his bitcoin and withdraw his dollar/Fiat because "the price" is very dangerous |
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Tzupy
Legendary
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Activity: 2338
Merit: 1104
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November 03, 2015, 11:29:32 PM |
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It would be nice for this little triangle to break down (edit: in China) so I can go to sleep... |
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hdbuck
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Activity: 1260
Merit: 1002
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November 03, 2015, 11:29:38 PM |
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404 : WHALE NOT FOUND #IMO some people sell his bitcoin and withdraw his dollar/Fiat because "the price" is very dangerous hands up! nobody moves! |
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nioc
Legendary
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Activity: 1624
Merit: 1008
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November 03, 2015, 11:30:44 PM |
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Bedtime for me right now. I'll be up in 7 hours or so.
Any ideas where we are heading during these next 7 hours and any guesses what it'll be when I wake up?
My guess based on absolutely nothing is $415 (U.S price not CHI)
Well we have slowed down, volume as well. I no longer feel we are inevitably going up. Yes that's correct, it is a feeling. This is not a paid signature. |
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Kanapka
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November 03, 2015, 11:34:08 PM |
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Bedtime for me right now. I'll be up in 7 hours or so.
Any ideas where we are heading during these next 7 hours and any guesses what it'll be when I wake up?
My guess based on absolutely nothing is $415 (U.S price not CHI)
Well we have slowed down, volume as well. I no longer feel we are inevitably going up. Yes that's correct, it is a feeling. This is not a paid signature. Whales just ran out of money and are waiting their money transfers reach the exchanges. Then the pump will continue |
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Fatman3001
Legendary
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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November 03, 2015, 11:36:24 PM |
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[–]solex1
Yes. I think the Bitcoin ecosystem will move to a big-blocks version whether Core updates or not.
However, there would be a lot more price volatility and bad publicity the longer Core Dev continues with the "settlement layer" fantasy.
[/i]
Yeah we get it. We didn't reject it. We're "just not ready". Seriously, take your meds. 'We' And who exactly are you?  Good to see you're on top of things. |
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barbs
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November 03, 2015, 11:37:22 PM |
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i have this visual of peering over the precipice with no parachute..
Or, strapped into a moon rocket of some kind..
i have no idea
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Fatman3001
Legendary
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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November 03, 2015, 11:38:06 PM |
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Night Y'all!!
Don't fuck up my riches while I'm sleeping!
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spud21
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November 03, 2015, 11:38:51 PM |
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404 : WHALE NOT FOUND #IMO some people sell his bitcoin and withdraw his dollar/Fiat because "the price" is very dangerous In autumn 2014 the price rose to about 420 then crashed. That makes it a point of resistance because people still remember it. A parabolic rise can't continue indefinitely, it has to start heading downwards somewhere and points of resistance often herald the start of a down trend. It could go either way here. |
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nioc
Legendary
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Activity: 1624
Merit: 1008
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November 03, 2015, 11:40:16 PM |
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Night Y'all!!
Don't fuck up my riches while I'm sleeping!
Certainly not me. Sweet dreams  |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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November 03, 2015, 11:41:03 PM |
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Small blocks help a determined tx spammer because once the blocks are full, their transactions get dropped from the mempool and their fees can be recycled to continue the attack. Make the attacker pay fees. Make it very expensive to clog the network.
Miners are sufficiently incentivized to choose an appropriate block size. Too big and their chances of being orphaned increase. This is the decentralized solution for a decentralized system.
Core wants training wheels? Fine, do the 2, 4, 8 increase. I liked Garzik's one off "kick the can" 2MB because it would allow us to measure and study the effects on relay nodes.
If this rally turns out to be like 2013, we are going to see big increases in tx's. I'm willing to wait until January to see what comes out of Hong Kong, but if it is more stonewalling... my fears of capture by a for profit entity will be solidified.
We should stop the bi polar battle though. (Of which I'm guilty of participating in too) Our objectives are the same: the success of Bitcoin. We have enough external enemies without tearing ourselves apart with internal bickering. Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
+1 for a moderate voice in a debate that's entirely too partisan for my taste. |
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barbs
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November 03, 2015, 11:41:36 PM |
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404 : WHALE NOT FOUND #IMO some people sell his bitcoin and withdraw his dollar/Fiat because "the price" is very dangerous In autumn 2014 the price rose to about 420 then crashed. That makes it a point of resistance because people still remember it. A parabolic rise can't continue indefinitely, it has to start heading downwards somewhere and points of resistance often herald the start of a down trend. It could go either way here. So let me get this straight: It can go up - or down |
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spooderman
Legendary
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Activity: 1722
Merit: 1047
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November 03, 2015, 11:45:46 PM |
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404 : WHALE NOT FOUND #IMO some people sell his bitcoin and withdraw his dollar/Fiat because "the price" is very dangerous In autumn 2014 the price rose to about 420 then crashed. That makes it a point of resistance because people still remember it. A parabolic rise can't continue indefinitely, it has to start heading downwards somewhere and points of resistance often herald the start of a down trend. It could go either way here. So let me get this straight: It can go up - or down amazing. also, it could go sideway - people always forget that one. |
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