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Author Topic: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.  (Read 64019 times)
TooDumbForBitcoin
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March 26, 2017, 07:53:49 AM
 #361

SATOSHI wanted 1 MB blocks, not 2MB or unlimited block-size.

Are you sure about that?
Iirc I'm pretty sure he started with something much more than that and even said that it should be adjusted when needed..
Exactly, i can never remember reading any post by Satoshi where he says the block size should always remain at 1mb, if there is a post somewhere that he says that then please point it out to me.

Your search for Satoshi's Last Will and Testament is a noble one, and touching, but perhaps doomed to fail.



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March 26, 2017, 08:07:02 AM
 #362



segwit has more blocks then btc-u last 24 hr Smiley

But what do you expect btc-u is joke






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March 26, 2017, 09:27:49 AM
 #363

Jihan is afraid that he might lose fees once segwit is activated & LN implemented. What he cant understand is that he will receive more fees after segwit as the usage will increase again.

Dont know who is controlling who. Jihan by Roger or vice-versa.













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March 26, 2017, 09:32:30 AM
 #364

Jihan is afraid that he might lose fees once segwit is activated & LN implemented. What he cant understand is that he will receive more fees after segwit as the usage will increase again.

Dont know who is controlling who. Jihan by Roger or vice-versa.
That sounds weird... Miners wouldn't get more fees because of the LN network, because they'd still be mining the 1MB/2MB blocks. BU and LN will both increase usage and adoption, however BU will stay onchain, which means more fees and profit for the miners. All these talks about Jihan wanting to control BTC are bs, he just wants money. LOL (not blaming him for it though  Tongue)
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March 26, 2017, 09:34:40 AM
 #365



segwit has more blocks then btc-u last 24 hr Smiley

Coindance is a bit of a joke, IMO


Why is 1000 blocks relevant? Both Segwit and BU use 2016 block periods for their activation parameters, so the 1000 blocks sample makes zero sense

Vires in numeris
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March 26, 2017, 01:12:03 PM
Last edit: March 26, 2017, 01:27:00 PM by notthematrix
 #366



The only joke in town is Roger and btc-u
https://www.reddit.com/r/Bitcoin/comments/60ozkh/rogerver_lets_make_a_deal_1_for_1_trade_at_least/

about coindance:
coindance counts blocks.



asic miner owners are moving away from bt-u pools.
the assumption that a pool owns all asics is bul...
A lot of  asic miner owners flock in a pool to have bigger chance finding a block...
Using a chineese pool can be very handy f.e if it comes to taxing somewhere in future.
other thing is that not all china pools signal btc-u al few also signal segwit so also inside china people can reconfig there asics and switch pool.


  

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March 26, 2017, 02:01:40 PM
 #367

Jihan is afraid that he might lose fees once segwit is activated & LN implemented. What he cant understand is that he will receive more fees after segwit as the usage will increase again.

Dont know who is controlling who. Jihan by Roger or vice-versa.
That sounds weird... Miners wouldn't get more fees because of the LN network, because they'd still be mining the 1MB/2MB blocks. BU and LN will both increase usage and adoption, however BU will stay onchain, which means more fees and profit for the miners. All these talks about Jihan wanting to control BTC are bs, he just wants money. LOL (not blaming him for it though  Tongue)

If he wants money, why would he risk his entire ASIC industry in buggy software that can kill bitcoin? (and render him bankrupt as a result)

If he really wants money, lets get segwit + LN so we can reach massive usage. Also LN incentivizes running nodes since you can make money off interesting by running LN channels, which is why Core does a good job by keeping the block size small, so the average guy (us) can also make money by running LN hubs with their hodlings. Conservative block size also gives us the option to counter attack greedy miners with weapons such as UASF. The whole thing makes sense. Counting pros and cons, conservative block size, capacitiy increases (segwit) and layer 2 (LN) is the way to go.

After segwit, future block size increases will be needed anyway.

Onchain scaling will never amount to mainstream bitcoin usage. You can't be buying coffees and doing groceries waiting for the guy next to you in the lane to confirm the transactions. That's just stupid.
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March 26, 2017, 02:23:15 PM
 #368

  capacitiy increases (segwit) and layer 2 (LN) is the way to go.
 

the main problem with this is that we needed capacity increases yesterday and segwit won't be approved tomorrow...meanwhile bitcoin is losing market share to other cryptos.

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March 26, 2017, 02:50:24 PM
 #369


Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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March 26, 2017, 03:45:01 PM
 #370



Very apt  Cheesy

I still hope I can double up though.

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March 26, 2017, 06:30:50 PM
 #371

Jihan is afraid that he might lose fees once segwit is activated & LN implemented. What he cant understand is that he will receive more fees after segwit as the usage will increase again.

Dont know who is controlling who. Jihan by Roger or vice-versa.
That sounds weird... Miners wouldn't get more fees because of the LN network, because they'd still be mining the 1MB/2MB blocks. BU and LN will both increase usage and adoption, however BU will stay onchain, which means more fees and profit for the miners. All these talks about Jihan wanting to control BTC are bs, he just wants money. LOL (not blaming him for it though  Tongue)

If he wants money, why would he risk his entire ASIC industry in buggy software that can kill bitcoin? (and render him bankrupt as a result)

If he really wants money, lets get segwit + LN so we can reach massive usage. Also LN incentivizes running nodes since you can make money off interesting by running LN channels, which is why Core does a good job by keeping the block size small, so the average guy (us) can also make money by running LN hubs with their hodlings. Conservative block size also gives us the option to counter attack greedy miners with weapons such as UASF. The whole thing makes sense. Counting pros and cons, conservative block size, capacitiy increases (segwit) and layer 2 (LN) is the way to go.

After segwit, future block size increases will be needed anyway.

Onchain scaling will never amount to mainstream bitcoin usage. You can't be buying coffees and doing groceries waiting for the guy next to you in the lane to confirm the transactions. That's just stupid.

A miner wants money , he wont get that if you fight community...
and most important VER does not believe in BCU himself...
He did not respond to a $100.000.000 bet. so this guy is a fake.
abnd yes as a miner you dont want buggy software , trustware is the standard..
you will lose everything if you crash your chain. so miner will go for stabile opensource software without suprises.
there is no escape for ver this time , failing this bet will forever stick on him.

So miners move to pools that support segwit.


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muyuu
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March 27, 2017, 01:21:27 AM
 #372



segwit has more blocks then btc-u last 24 hr Smiley

Coindance is a bit of a joke, IMO


Why is 1000 blocks relevant? Both Segwit and BU use 2016 block periods for their activation parameters, so the 1000 blocks sample makes zero sense

Meh, they do have their things but 1000 blocks is almost exactly one week (~6.94 days +- hashing variance and adjustment lag). So not that crazy to include it.

I really don't think any of this matters as long as BU stays well under 50%. SegWit is not going to be activated by 95% any time soon if ever, so until they introduce some modification that matters for SegWit activation, nothing of this is news (save for BU getting dangerous).

By the way... longest 48h of my life.

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March 27, 2017, 01:32:37 AM
 #373

I bet he won't take it
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March 27, 2017, 07:29:48 AM
 #374

For the record,  I replied to Loaded on March 24, 2017, 10:29:47 PM.
I still haven't heard back from him yet.

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March 27, 2017, 07:34:47 AM
 #375

For the record,  I replied to Loaded on March 24, 2017, 10:29:47 PM.
I still haven't heard back from him yet.

Oh please

You can accept or decline the terms right now, then everyone knows where you both stand


Or do you need more time to think it over

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March 27, 2017, 07:43:38 AM
 #376

  capacitiy increases (segwit) and layer 2 (LN) is the way to go.
 

the main problem with this is that we needed capacity increases yesterday and segwit won't be approved tomorrow...meanwhile bitcoin is losing market share to other cryptos.

So instead of waiting and being patient you would rather have every miner hurry up and do the hardfork to an insecure code base like Bitcoin Unlimited? Is that what you really want?
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March 27, 2017, 07:53:18 AM
 #377

For the record,  I replied to Loaded on March 24, 2017, 10:29:47 PM.
I still haven't heard back from him yet.

Oh please

You can accept or decline the terms right now, then everyone knows where you both stand


Or do you need more time to think it over
The terms that Loaded offered are inherently unfair as they give loaded an easy out of the transaction. The terms of the deal are effectively that loaded gets a free put on BU in the event of a fork.

No one acting rationally would accept the terms that loaded is offering regardless of the asset pair being traded.

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March 27, 2017, 07:55:21 AM
 #378

The terms that Loaded offered are inherently unfair as they give loaded an easy out of the transaction. The terms of the deal are effectively that loaded gets a free put on BU in the event of a fork.

No one acting rationally would accept the terms that loaded is offering regardless of the asset pair being traded.

Which is why Roger turned up just now to refuse the bet?

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March 27, 2017, 08:05:33 AM
 #379

The terms that Loaded offered are inherently unfair as they give loaded an easy out of the transaction. The terms of the deal are effectively that loaded gets a free put on BU in the event of a fork.

No one acting rationally would accept the terms that loaded is offering regardless of the asset pair being traded.

Which is why Roger turned up just now to refuse the bet?
Presumably Roger was hoping to negotiate more reasonable terms with loaded

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March 27, 2017, 08:19:22 AM
 #380

  capacitiy increases (segwit) and layer 2 (LN) is the way to go.
 

the main problem with this is that we needed capacity increases yesterday and segwit won't be approved tomorrow...meanwhile bitcoin is losing market share to other cryptos.

I don't think a controversial hard fork is what you want.

As for me, SegWit first, on-chain scaling second. Both must be carried out by Core.

Whether the core shall propose on-chain scaling as an alternative solution when the SegWit is blocked by some ambitious miners. It's an interesting topic academically.
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