iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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February 20, 2016, 07:14:18 PM |
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The consensus is " there is no consensus on anything but 1. segwit asap and 2. fuck Classic." Honey Badger continues to sleep soundly. The noise of cans being kicked down the road does not disturb him in the least. |
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rafanadal
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Activity: 368
Merit: 31
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February 20, 2016, 07:14:26 PM |
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how many bitcoins do you guys own  |
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JimboToronto
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Activity: 4690
Merit: 6169
You're never too old to think young.
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February 20, 2016, 07:16:31 PM |
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how many bitcoins do you guys own Not enough. |
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USB-S
Sr. Member
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Activity: 574
Merit: 250
In XEM we trust
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February 20, 2016, 07:16:38 PM |
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how many bitcoins do you guys own I'm all in, wish I had more though. |
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adamstgBit
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Activity: 1904
Merit: 1039
Trusted Bitcoiner
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February 20, 2016, 07:16:45 PM |
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The consensus is " there is no consensus on anything but 1. segwit asap and 2. fuck Classic." Honey Badger continues to sleep soundly. The noise of cans being kicked down the road does not disturb him in the least. Classic is still on the table, should Core not deliver on promises... |
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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February 20, 2016, 07:18:01 PM |
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anything below 460 is pure GOLD
Awww, yeah! https://youtu.be/hj-jPJK8DEESit back, sip that Hennessy, and watch the money flow.  |
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adamstgBit
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Activity: 1904
Merit: 1039
Trusted Bitcoiner
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February 20, 2016, 07:18:26 PM |
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Now Chinese translated version also ready, words are carefully selected by attendees to avoid any disparities between languages. |
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chopstick
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Activity: 992
Merit: 1000
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February 20, 2016, 07:20:44 PM |
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Classic is still on the table, should Core not deliver on promises... We may very well end up in a position where miners are forced to fork off of core onto classic, if we end up with a massive transactions backlog - if the miners really care about the future of bitcoin at all, that is. A VC-funded company that cares first and foremost about nothing more than making Profits for its Investors has taken over Bitcoin's development. That is positively not good.Cross-post from r/bitcoin regarding the current situation: The CEO of a VC-backed private corporation, and a handful of Chinese miners, just unilaterally decided the future of Bitcoin. And they have the gall to call it consensus.
This is bad, really bad.
Editing this comment to respond in one place to the army of throwaway accounts jumping down my throat:
What would consensus look like? In my view there are five main groups that would need to agree on changes to Bitcoin to achieve consensus: The developers (the code), the miners (the hashpower), the nodes (the network), the exchanges and payment processors (the economic majority), and of course the users (Bitcoin early adopters). The users don't really steer the ship, they just vote by deciding to use/hold Bitcoin, and they'll vote by buying alt-coins if they don't agree with the direction the other four take.
At this meeting there are only representatives of two of those groups; the code and the hashpower. Missing from the developers are extremely important people like Gavin Andresen (Bitcoin's chief scientist), and Jeff Garzik. Missing from the hashpower is the single biggest pool Antpool and other pools like Slush, who have decided a hard fork to 2 MB needs to happen urgently, not years from now.
Calling this tiny meeting consensus? Laughable.
As to VC-backed Blockstream taking control of the Bitcoin protocol, they have a fiduciary duty to create a return for their investors. Their business plan is to profit from protocols built on top of Bitcoin, protocols that benefit from a crippled Bitcoin layer usable only for settlement. All their actions so far show they have a laser-like focus on enabling features in Bitcoin that will benefit the Lightning Network, while restricting the throughput of the Bitcoin network as much as possible until their product is ready to sell.
This will backfire, the users and the economic majority will move to a network that functions correctly. |
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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February 20, 2016, 07:20:50 PM |
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Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold. Watching fatty lose his principles for a $20 $19 relief rally was the hardest part.  GG guys... GG Thanks for having to integrity to admit defeat and offer unconditional surrender. I can respect that. I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER. |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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February 20, 2016, 07:22:21 PM |
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The consensus is " there is no consensus on anything but 1. segwit asap and 2. fuck Classic." Honey Badger continues to sleep soundly. The noise of cans being kicked down the road does not disturb him in the least. Cute. If you think miners will accept an "oh, by the way, but when our agreement included a reference to 2-4MB maxblock, that was more like a bone we were throwing to you, not really something we were going to do", you'll almost certainly find out that Classic will upgrade from 'credible HF threat' to, well, HF  |
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blunderer
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February 20, 2016, 07:24:19 PM |
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 And I'll just sit and grin The money will roll right in |
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bankingbtc
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February 20, 2016, 07:24:29 PM |
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how many bitcoins do you guys own i actually dont even own a 1 bitcoin, i did not look at it so seriously and i did not wait for such a huge price increase, but now i regret that i havent bought something like 10 bitcoins, i will seek such events closer in the future |
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Fatman3001
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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February 20, 2016, 07:25:10 PM |
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I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER.
You'll always be a loser in my eyes. |
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Laosai
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February 20, 2016, 07:25:27 PM |
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OMG it goes up so fast Oo |
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bankingbtc
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February 20, 2016, 07:27:27 PM |
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OMG it goes up so fast Oo yeah my eyes popped out i have never seen such a rapid pace in the price increase, i knew it might be fast but 5 dollars per hour is just insane, the only question know how long it will grow and how stable it will be after the whole pump |
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USB-S
Sr. Member
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Activity: 574
Merit: 250
In XEM we trust
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February 20, 2016, 07:27:41 PM |
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Thanks bitcoin for not letting me sleep. Again |
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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February 20, 2016, 07:28:03 PM |
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One more small wave down to above 390 seems likely at this point
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arklan
Legendary
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Activity: 1778
Merit: 1008
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February 20, 2016, 07:28:44 PM |
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i recommend calling granny and telling her what happened on this historic day   same dif. i sweart to god, if anyone ever paints this, i'm going to hunt them down. if we actually have consensus and a solution to the block size clusterfuck, all i can say is FINALLY. |
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bankingbtc
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February 20, 2016, 07:30:48 PM |
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i recommend calling granny and telling her what happened on this historic day
picture
picture
same dif.
i sweart to god, if anyone ever paints this, i'm going to hunt them down. if we actually have consensus and a solution to the block size clusterfuck, all i can say is FINALLY. theres no need to paint it right now as we have the possibility to take photos though it would be really cool, from my point of view today is one of the greatest days in the bitcoin history |
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