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Author Topic: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell  (Read 45970 times)
electronicash
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March 26, 2017, 05:54:47 PM
 #101

we all expect to be fair and decentralized. what it is right now isn't. its amazing that it still got some value even when its not decentralized. people hang its hope to btc. and we also hang out hope to those who wants this experiment fair and decentralized. we can see its broken as we progress so lets lets hard pork it. oink oink!

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traincarswreck
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March 26, 2017, 05:59:46 PM
 #102



I totally agree. Brilliant.

It was pure rhetoric though which is something that could hardly ever be referred to as "brilliant". Satoshi was brilliant, but you see its because he proposed an actual solution, he wasn't just arguing semantics versus an already existing solution.

we all expect to be fair and decentralized. what it is right now isn't. its amazing that it still got some value even when its not decentralized. people hang its hope to btc. and we also hang out hope to those who wants this experiment fair and decentralized. we can see its broken as we progress so lets lets hard pork it. oink oink!
It's not actually amazing if you think about it from a perspective of macro-economic theory.  It actually makes sense why bitcoin is valuable which has nothing at all to do with the transaction capacity.


Can't you all comprehend what is written at the links I provided  Huh

No one is going to read or address a bunch of rambling, at least compress your argument. And I traversed it, its not founded, do you claim your argument is scientifically founded, because I don't think you do.
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March 26, 2017, 06:03:29 PM
 #103


             Bob          Cindy
              ^             ^
              v              v
alice < > blockstream/DCG < > Felicia
              ^             ^
              v              v
            Dave        Eddie

So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

woot?
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March 26, 2017, 06:05:15 PM
 #104

OP is an uneducated baboon, similar to jonald_fyookball. These people have become so desperate that they've started spamming the board with threads and complaints.

Let me show you a nice picture:



Don't give me that "correlation != causation" crap, as the BTU folk has been often associating a price rise with an increase of BTU signalling (prior to this). Roll Eyes
To be entirely fair, it was core supporters who artificially crashed the market by selling 20k btc on bitfinex and gdax after the first xt block was mined. So if anything, the selloff was core supporters trying to manipulate the price...

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March 26, 2017, 06:13:08 PM
 #105

To be entirely fair, it was core supporters who artificially crashed the market by selling 20k btc on bitfinex and gdax after the first xt block was mined. So if anything, the selloff was core supporters trying to manipulate the price...

Care to back that up with some proof ?

woot?
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March 26, 2017, 06:14:46 PM
 #106

So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

the DNS seed that controls the routing.... obviously

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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March 26, 2017, 06:22:19 PM
 #107

So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

the DNS seed that controls the routing.... obviously

the DNS seed is used for jumpstarting bitcoin nodes not for lightning

woot?
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March 26, 2017, 06:25:21 PM
 #108

So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

the DNS seed that controls the routing.... obviously

the DNS seed is used for jumpstarting bitcoin nodes not for lightning


thats a bitcoin DNS seed

LN has its own DNS seed..
remember rusty russel of LN is a blockstream employee
remember Cdecker is LN is a blockstream employee - https://github.com/cdecker/lseed
Quote
A DNS seed for the Lightning Network


edit
to counter the fail of calling it Fud/conspiracy from trainwreck

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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March 26, 2017, 06:28:00 PM
 #109



thats a bitcoin DNS seed

LN has its own DNS seed.. remember rusty russel of LN is a blockstream employee
So its a conspiracy?
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March 26, 2017, 06:28:39 PM
 #110

typical Hillary voter

OMG i remember you, you are the dumb guy who was making youtube videos bashing Bitcoin back in 2014 hahahahahahhahahahaha you now turned yourself into a big block cheerleader, so pathetic, what the hell happened to you man?
You were wrong then and you are obviously wrong now sucker!  Wink

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March 26, 2017, 06:38:44 PM
 #111

So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

the DNS seed that controls the routing.... obviously

the DNS seed is used for jumpstarting bitcoin nodes not for lightning


thats a bitcoin DNS seed

LN has its own DNS seed..
remember rusty russel of LN is a blockstream employee
remember Cdecker is LN is a blockstream employee - https://github.com/cdecker/lseed
Quote
A DNS seed for the Lightning Network


edit
to counter the fail of calling it Fud/conspiracy from trainwreck

Ok. How can this be abused ?
This is for convenience just like the bitcoin DNS seed. Every lightning node operator
will make sure its well connected to the rest of the network so this is a minor nuisance even if abused.

woot?
traincarswreck
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March 26, 2017, 06:43:25 PM
 #112

edit
to counter the fail of calling it Fud/conspiracy from trainwreck
I didn't call it a conspiracy, I am asking you if you are claiming there is a conspiracy by blockstream that we should fear which signifies uncertainty for the future of bitcoin which implies we should doubt the current direction it is going?

Also, assuming you are not a fan of Adam Back, I should point out he was an original cypher punk (as I understand), and quoted in Satoshi's whitepaper, seemingly obviously trusted and respected by Satoshi.
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March 26, 2017, 06:47:59 PM
 #113

Greg has openly called for full blocks and a fee market (which we have right now).

If blocks are empty, then when the reward drops to zero how will miners get paid?


If LN siphons off the majority of network fees, how will miners get paid?

There will still be transactions done on the Blockchain, just like Xapo are doing this with off-chain transactions. Nothing is stopping anyone from

running their own nodes, but this is not what the miners want. They want to buy a bunch of hardware that needs very little effort and then they

want to mine with the maximum reward. Their whole business model is geared for "hardware" mining and not "software" mining.  Roll Eyes

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March 26, 2017, 07:02:50 PM
 #114

Would you please stop obsessing over me?  It's creepy.

I am not your mommy.

You do not get to determine how I spend my time, you do not get to restrict what I say or believe.  I don't force anyone to do anything. You will you make me cow down and obey you through threatening me by lying to the public to try to raise a mob of idiots against me, and even if you do manage to get me killed you will not stop bitcoin, you will not convert it to the centralized coin you seem to so desperately want.

So give it a break.





Dear Greg (and other Core developers),

Your response is deeply worrying me, I've decided to stop being just a spectator and register to make a comment, I hope this will help you and Core in some way.

Let me just begin by stating that I've been a long time Core supporter.

When Core released a new version of their Bitcoin software, I knew there was a certain level of quality control as well as forward thinking, a certain level of trust. It is because of that trust that I've never even considered looking at other alternatives, until now.

As a general fan and user of digital currency, I have no allegiance to Core/BU/XT/Miners or who ever, I don't feel personally attached to any party, I am just interested in Bitcoin's general progress, how Bitcoin will change the world for the better and make people's lives easier. I am also a realist, that means I will only make judgment base on practical matters instead of some arbitrary ideal moral high ground. So, everything I am posting here will be as neutral as you can get from a Bitcoin user.

With that out of the way, I must say, what happened in the past few months have really begun to change my perspective on Core.

For example the current BU fiasco, my understanding is that, a year ago some miners wanted 8MB blocks, some wanted 4MB, there was the usual struggle and bargaining between users/miners/nodes/developers, eventually the miners made a compromise, the "Hong Kong Agreement" was made, in which miners agreed to support Segwit and a 2MB block size increase, Adam Back signed the agreement, only to have you call them "dipshits" and broke the agreement afterwards. Source.

Because of that, now, a year later, the block chain has reached the 1MB block size limit, there is a huge tx backlog and as a result the tx fee has sky rocketed, users are affected and many have moved their money to alt coins. The miners have no choice but to choose the other best options: Bitcoin Unlimited.

So how can anyone honestly blame the miners and BU at this point? Seriously, even if you're paid to do so, deep down you must know this crisis was coming a year ago, and it was Core's responsibility to prepare for it.

Core and some of its fans (some are obviously paid) keep repeating miners and BU are evil because they are splitting the chain, sure you can say that, but seriously, what did you expect them to do. They already compromised and was ignored, now there is a tx backlog, Bitcoin is losing ground to competitions, Core is sitting on their asses holding the code hostage, breaking agreements, making insults, what else are the miners supposed to do. What did Core expect them to do?

I am not even defending miners/BU here, it's all about the block size limit, I am using a pure practical pov: If BU didn't exist, miners would have switched to something else without the 1M limit, simple as that.

Anyone who keep pointing their fingers at miners/BU is just trying to ignore the fact that Core did nothing about the 1MB limit for years.

The thing that really irritates me though, is that the block size limit wasn't even in the white paper, so why would Core hold the code hostage and refuse to increase the limit from 1MB? 1MB is such a small number, how can you even justify not increasing it?

The fact is many Core developers were openly supporting block size increase, but then became strongly opposed to it after they started working for Blockstream, now I don't care for all the conspiracy theories, but can you people just come out and explain why the sudden change of heart?

I find that really puzzling, it's like watching people who used to love pizza, suddenly hate pizza after they work for McDonalds, it just doesn't make sense. Mind you these Core members didn't just simply change their taste, they went from openly supporting raising block size limit to openly hating it with a passion.

Every explanations I've read from Core in the past few months, can basically translate to: "Our Segwit and LN will be soooooo great, who cares what people actually need right now, stop talking to me, I don't care, I already know what you want, if you don't agree with me, you're just stupid."

If Segwit and LN is so great, it'll naturally be adopted when there is a real demand. Core already had the market share and user trust, they already have the golden goose, so why do they have to kill the goose just to get the Segwit golden egg?

Core kept chanting how great Segwit and LN are, it may be true, but their actions tell me they are really insecure about them, otherwise they wouldn't need to artificially create a crisis just to force everyone to use it, I don't know about you, but I believe actions always speak louder than words.

Satoshi saw this tx backlog coming when he was designing Bitcoin, the block size limit isn't even in the white paper, the 1MB limit was only a temporary measure to stop spam in the beginning.

Satoshi's white paper clearly states that consensus should be made base on CPU power, not the number of nodes or IP addresses, not the number of developers, not online poll ratings, not social media, not forum polls, just CPU power. Satoshi made this decision not because he trusted the miners, but because he expected everyone to be selfish and act on their own interests, and of all the pieces in the ecosystem, hash power is the most difficult to fake and come by.

Miners are constantly in an arm race, hash rate never stop climbing, in this constant zero sum survival of the fittest, they get nothing the moment they stop competing, eventually miners become so focused on competing with each other, fine tuning every last knob to gain an hash rate advantage.

Regardless of what anyone else is doing, miners are always at maximum greed under the highest pressure, like a piano wire.

And that is the beauty of the Bitcoin design: All miners worry about is turning electricity into profit, they don't even care who is running the show, they ignore everyone else equally, because no amount of sucking up to users or developers will help their hash rate, but, miners do care about the stability of the ecosystem, because their profit depends on it. Given a choice they'd rather not make any decision that may shake the grounds and risk their profit.

So, in a world full of greed, lies, mistrusts, secret schemes, accusations and back stabs, miner's indiscriminately pure and focused self serving nature makes them the perfect center of balance. When nothing is reliable and nobody can be trusted, the simplest and purest form of greed becomes the constant.

As a digital currency, having consensus base on hash rate is why Bitcoin succeeded while other digital currency failed.

Miners generally don't care about what anyone else is doing, unless some other part of the system did something really short sighted (read: stupid) to tip the balance, and that is EXACTLY what Core did, miners tried to make compromises but were ignored and insulted, now the back log is full, miners are simply reacting in self defense.

Anyone who still blames the miners at this point, simply don't understand Bitcoin and why it succeeded.

Regardless of what you think of BU or Segwit, from a development point of view, Core simply failed, it failed because it ignored user's immediate and practical needs. They sat on their fat asses for a year, making promises after promises on some ideal vision, while there is a huge tx backlog on ground floor.

There are good and responsible Core members, but unfortunately a lot of Core members, especially the loudest ones, seem to be focused on excuses, launching personal attacks, making empty promises, making threats, playing victims, while ignoring practical and immediate user needs.

Greg, you may have a big ego, but you're not Bill Gates, and Bitcoin Core is not Microsoft Windows, block chain technology is young and there are competitions, Bitcoin users are mostly early adopters, they are sharp and they like trying new things, you can't play Bill Gates and use Microsoft tactics and still expect to win.

It is true that you currently have some status and spot light, you have your financial backings, you have your crew and echo chamber, you have your side chain patents, from your pov it really looks like you can do whatever you want, insult people, ignore users, and nobody can do anything about it.

But, in this field anything can happen in a year, so many new and shiny things have come and gone.

Pride goes before a fall, Microsoft, AOL, Yahoo all spent billions and failed because they ignored their users. Blockstream only have $75 million, they already made a big mistake, but for some reason they're not turning around, instead acting even cockier than Microsoft.

Judging from how you ignored Satoshi's email and only arrive back to the scene years after Satoshi has gone. I have reason to believe you're the type of person that lacks intuitive foresight.

So I am going to give you an advice: You're on the wrong side of history, but you still have a chance to turn around.

You can't treat your users like they are idiots, they might not find out the truth the first day, they might be fooled by censoring tactics, but eventually there will be a crack, and once people find out you've been lying to them, the trust is gone forever, they'll never trust you again.

Look at the Iraq war, the so called WMD, look at Powell, there were massive misinformation campaign to push people to war, emotions were high, lies mixed with half truths were flying around, SJWs and useful idiots were screaming on top of their lungs, so many people were convinced there were 100% right.

But a decade later, everyone just remember Powell as the guy who lied on TV holding a bottle of white powder.

Where do you think you will be in 10 years, Greg?

Are you going to be remembered as someone who made Bitcoin better, or someone who missed the Bitcoin boat twice?

Bitcoin Core team, this is for you: You had your chance and you failed, no matter who you think you are, you're on the wrong side of history and I don't believe in you people anymore.

And before you try to point fingers and accusing me of helping a side, I am telling you, I don't care who wins, I am tired of your BS and I am going to ditch Bitcoins until things clear.

I am not going to risk my hard earned money on a bunch of short sighted arrogant insecure emotional lying pricks and bitches stuck with messiah complexes who scream a lot and talk big but can't solve simple and practical problems right in front of their noses and screw things up for everyone then turn around and play victims like some entitled pre-adolescent brat asking for a kick in the face.

That's all.

Alex

Thanks for articulating well what I should have said publicly almost 2 years ago.

Bro, do you even blockchain?
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March 26, 2017, 07:07:34 PM
 #115

ENOUGH OF THIS BULLSHIT! WE HAVE A FIRST-MOVER

Bitcoin Classic is splitting off

Quote
As an act of good faith, and to resolve this fight amicably so we can all move on, we have decided to split off. We wish all the best to those who continue on the other path.

Bitcoin is finally saved! Bitcoin Classic has decided to end this BullShit SegWit vs. BU drama by simply splitting off. This is actually a really good news because we get the good old Bitcoin back and we can be sure they are not trying to implement anything crazy and dangerous such as the SegWit soft fork hack or ermergent consensus. Both suck. Bitcoin Classic is the way to go, we get block size increase and gradual enhancements to the Bitcoin protocol. I'm with Bitcoin Classic.

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March 26, 2017, 07:07:55 PM
 #116


If LN siphons off the majority of network fees, how will miners get paid?
Your premise wrong, and you have shown to the community you don't understand the subject you are referring to.

You didn't answer the question.

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March 26, 2017, 07:10:41 PM
 #117

To be entirely fair, it was core supporters who artificially crashed the market by selling 20k btc on bitfinex and gdax after the first xt block was mined. So if anything, the selloff was core supporters trying to manipulate the price...

Care to back that up with some proof ?

https://www.reddit.com/r/bitcoinxt/comments/3hhbm5/first_mined_xt_block_370434/
https://twitter.com/bitfinex/status/633811197452775424

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March 26, 2017, 07:12:36 PM
 #118

To be entirely fair, it was core supporters who artificially crashed the market by selling 20k btc on bitfinex and gdax after the first xt block was mined. So if anything, the selloff was core supporters trying to manipulate the price...

Care to back that up with some proof ?

https://www.reddit.com/r/bitcoinxt/comments/3hhbm5/first_mined_xt_block_370434/
https://twitter.com/bitfinex/status/633811197452775424

Before we go even further how are you telling this are Core supporters ?

woot?
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March 26, 2017, 07:13:30 PM
 #119

ENOUGH OF THIS BULLSHIT! WE HAVE A FIRST-MOVER

Bitcoin Classic is splitting off

Quote
As an act of good faith, and to resolve this fight amicably so we can all move on, we have decided to split off. We wish all the best to those who continue on the other path.

Bitcoin is finally saved! Bitcoin Classic has decided to end this BullShit SegWit vs. BU drama by simply splitting off. This is actually a really good news because we get the good old Bitcoin back and we can be sure they are not trying to implement anything crazy and dangerous such as the SegWit soft fork hack or ermergent consensus. Both suck. Bitcoin Classic is the way to go, we get block size increase and gradual enhancements to the Bitcoin protocol. I'm with Bitcoin Classic.

https://imgur.com/a/whClL

woot?
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March 26, 2017, 07:18:54 PM
 #120

ENOUGH OF THIS BULLSHIT! WE HAVE A FIRST-MOVER

Bitcoin Classic is splitting off

Quote
As an act of good faith, and to resolve this fight amicably so we can all move on, we have decided to split off. We wish all the best to those who continue on the other path.

Bitcoin is finally saved! Bitcoin Classic has decided to end this BullShit SegWit vs. BU drama by simply splitting off. This is actually a really good news because we get the good old Bitcoin back and we can be sure they are not trying to implement anything crazy and dangerous such as the SegWit soft fork hack or ermergent consensus. Both suck. Bitcoin Classic is the way to go, we get block size increase and gradual enhancements to the Bitcoin protocol. I'm with Bitcoin Classic.

https://imgur.com/a/whClL
So we have 1st BTCC Cheesy looks good i wonder if merchants will follow and add BTCC to portfolio.
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