Bitcoin Forum
April 28, 2024, 05:09:58 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Who else is tired of this shit?
It's a fucking mess - 16 (26.2%)
Fuck all of them - 14 (23%)
It's just the way PoW is intended to be - 7 (11.5%)
Tired? I live for this drama drug. - 3 (4.9%)
Yawn. Wake me up when something important happens - 19 (31.1%)
other (see the thread) - 2 (3.3%)
Total Voters: 61

Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: Who else is tired of this shit?  (Read 4809 times)
iamnotback (OP)
Sr. Member
****
Offline Offline

Activity: 336
Merit: 265



View Profile
April 07, 2017, 11:54:44 AM
 #41

No need to beat around the bush for ever.

And im not even saying this to imply then what you do about it other than being angry about it on the Internet, or Go make your own Smiley

But need to face what crypto are today. It's not about technical innivation , or fixing financial world, developping micro economy, or any of this.

Those 3 lines I think are the most important.
1714324198
Hero Member
*
Offline Offline

Posts: 1714324198

View Profile Personal Message (Offline)

Ignore
1714324198
Reply with quote  #2

1714324198
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
iamnotback (OP)
Sr. Member
****
Offline Offline

Activity: 336
Merit: 265



View Profile
April 07, 2017, 11:57:31 AM
 #42

I am not trying to play sides by stating this. I am stating this as a programmer with 37 years of experience and I have become reasonably knowledgeable about blockchain technology and economics in my 4 years since I entered the Bitcoin ecosystem.

I thought programmers are very busy people they don't have time to post loads of crap all day.

Oh you mean like ants who work furiously but can see beyond the bark on the tree much less over the trees.

Insight will beat code every damn time.

Thanks for the insult, but frankly I think you should stay focus on your toiling away on code that has little relevance.
aoluain
Legendary
*
Offline Offline

Activity: 2240
Merit: 1255



View Profile
April 07, 2017, 11:58:30 AM
 #43

Hello Smiley

Well not to sound harsh but ..

Yeah I think it's obvious by now what the world of crypto is coming at.

It's not going to help third world country to fight corruption in the financial world, or help micro economy.  It's just another toy millionere use to grab more millions from more people with gray area financial tactic in this unregulated world.

Crypto today are probably the most corrupt financial network. It's all about who you know rather than what you know. All about loyalty, not integrity.

If you know anything about real economics, you can say today 90% of it's value is a speculative bubble.

Can always pretend there is an hidden hand following market logic, but it's not the case, neither it's about investment in innovation, or for structueal development, it's all about clique making shady move for their own personal profits.

You can always try to understand the stake holders and mining farms and shakers and movers to put your stash on the right coin at the right moment, but it looks like italian football bet, french underground boxing bet.

All rigged up and you cant win big if you dont know who has stash involved. And it's not about knowing sport performance anymore. No more than it's about if coin is better than another.

For most people bitcoin is just a "get richer quick on the internet" scheme.

No need to beat around the bush for ever.

And im not even saying this to imply then what you do about it other than being angry about it on the Internet, or Go make your own Smiley

But need to face what crypto are today. It's not about technical innivation , or fixing financial world, developping micro economy, or any of this.


when printed in black and white this outlook is really sad
and it is looking more and more like this to me
so much for an alternative to the FIAT system which we are all still tied to
nope it seems just as corrupt

"1.Introduction
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as
trusted third  parties  to process electronic payments.   While the  system works  well enough for
most   transactions,   it   still   suffers   from   the   inherent   weaknesses   of   the   trust   based   model.
Completely non-reversible transactions are not really possible, since financial institutions cannot
avoid   mediating   disputes.     The   cost   of   mediation   increases   transaction   costs,   limiting   the
minimum practical transaction size and cutting off the possibility for small casual transactions,
and   there   is   a   broader   cost   in   the   loss   of   ability   to   make   non-reversible   payments   for   non-
reversible services.  With the possibility of reversal, the need for trust spreads.  Merchants must
be wary of their customers, hassling them for more information than they would otherwise need.
A certain percentage of fraud is accepted as unavoidable.  These costs and payment uncertainties
can be avoided in person by using physical currency, but no mechanism exists to make payments
over a communications channel without a trusted party.
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third  party.    Transactions  that  are  computationally  impractical  to   reverse   would  protect  sellers
from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.   In
this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed
timestamp server to generate computational proof of the chronological order of transactions.  The
system   is   secure   as   long   as   honest   nodes   collectively   control   more   CPU   power   than   any
cooperating group of attacker nodes."

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
Xester
Hero Member
*****
Offline Offline

Activity: 994
Merit: 544



View Profile
April 07, 2017, 12:14:42 PM
 #44

I am tired of this shit...


First item is to understand why Blockstream refused to accept 2MB blocks along with SegWit.

It is not that they feel that 1MB is the optimal number (if the max block size was currently 2MB, they would not be pushing for the max block size to be lowered to 1MB), and it is not that they are against 2MB blocks in itself, it is that they are against any max block size increase ever.

From the core roadmap https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html

Quote
Finally--at some point the capacity increases from the above may not
be enough.  Delivery on relay improvements, segwit fraud proofs, dynamic
block size controls, and other advances in technology will reduce the risk
and therefore controversy around moderate block size increase proposals
(such as 2/4/8 rescaled to respect segwit's increase). Bitcoin will
be able to move forward with these increases when improvements and
understanding render their risks widely acceptable relative to the
risks of not deploying them. In Bitcoin Core we should keep patches
ready to implement them as the need and the will arises, to keep the
basic software engineering from being the limiting factor.

They want improvement and security BEFORE raising the blocksize, nowhere does it say 1mb forever.

But Blockstream's stated logic above makes no sense. The real reason Blockstream doesn't want 2MB blocks now can only be because of what I explained earlier (because there is no other plausible reason that makes any sense).

It makes no sense from both a technology standpoint (i.e. afaik SegWit adds no significant reliability and security that would alleviate issues that a 2MB block could cause, instead the improvements of SegWit are bugs fixes for things that have nothing to do with block size)  and also because it is quite clear that they know Bitmain can covertly block all block size increases, so they know that the 2MB offer is actually a clever ploy of Bitmain wherein Bitmain's own customers will end up blocking the block size increase (so Bitmain can deny that they did it) and also because Blockstream knows they become irrelevant once the market has SegWit and block size increases. The market won't be in any rush to accept further protocol changes from Blockstream. So Blockstream is fighting for their control against Bitmain. So then if you understand all this I have written, then you understand that Bitmain is really against block size increases, but they have such a clever strategy that they can make it appear that they are for larger block sizes. The covert aspect of asicboost is a very key component to the masterful chess that Bitmain is playing. Bitmain's goal is to keep the protocol immutable and to destroy Blockstream. Very simple. But they have a clever strategy which obscures their actual intentions. Blockstream's goal is to be in control of the changes to Bitcoin's protocol.

Read again Bitmain's statement with this new analysis in mind.

I enjoy figuring out these mental chess challenges. That is why I do it. Not because I am for or against anything. I am trying to help readers understand the facts.


First item is to understand why Blockstream refused to accept 2MB blocks along with SegWit.

I haven't actually looked to see their official stated reason, but I can guess that it must be because they know they each time they want to "upgrade" the protocol, they need have some carrot and stick that forces the market to want their upgrade. So keeping blocksize very constrained is necessary so that Blockstream remains in control of the protocol.

In other words, Blockstream can't accept 2MB blocks, because they know their business model depends on them being in control of the protocol of Bitcoin. Also factor in that maybe Bitmain has told them behind the curtain that Bitmain will block all their future protocol changes after the 2MB+SegWit. Blockstream probably couldn't repeat that in public, because Bitmain would deny it and accuse Blockstream of fabricating lies.

Am I correct so far?

First item is to understand why Blockstream refused to accept 2MB blocks along with SegWit.

I haven't actually looked to see their official stated reason, but I can guess that it must be because they know they each time they want to "upgrade" the protocol, they need have some carrot and stick that forces the market to want their upgrade. So keeping blocksize very constrained is necessary so that Blockstream remains in control of the protocol.

In other words, Blockstream can't accept 2MB blocks, because they know their business model depends on them being in control of the protocol of Bitcoin. Also factor in that maybe Bitmain has told them behind the curtain that Bitmain will block all their future protocol changes after the 2MB+SegWit.

Am I correct so far?

It could be a matter of opinion. Or maybe you have perceived one actors tactical methods used in pursuit of their strategic goals.

If you had the chance to get your most significant work approved (SegWit) and only had to accept a 2MB block, why wouldn't you do it?

It makes absolutely no sense. Can you think of any other rational explanation than the one I offered?

Even if Blockstream had an opinion that they don't like 2MB blocks, they wouldn't block their own work over such a small quibble. There has to be a more significant reason they refuse 2MB blocks with SegWit. I offered my reason. Is there any possible other reason that makes any sense?

(note I am so very sleepy, so we may have to continue this after I sleep)

Presuming I am correct that Bitmain knows that Blockstream will never accept a 2MB+SegWit proposal, then you can then re-analyze their statement knowing full well that he knows there will never be big blocks.

Furthermore Bitmain is challenging the community to make AsicBoost patent licensing accessible to everyone. And to enable AsicBoost in the most optimum way. But Bitmain already stated that larger blocks make AsicBoost less efficient.

And remember some "hacker" (which is actually Bitmain but nobody can prove it) can release the covert upgrade so all Bitmain's [existing customers who own] miners on the planet could increase their efficiency and side-step the patent (and also they would be against large blocks).

So Bitmain is total BS about wanting larger blocks. Bitmain is trying to destroy Blockstream by never allowing them to get any protocol changes at all. That is why they proposed the 2MB+SegWit at HongKong. And that is why @Gmaxwell is wanting to block the covert AsicBoost.

But Bitmain has checkmated Blockstream. Think it out. I am too sleepy to explain all the detailed reasoning.


So I hope you understand that I don't think Bitmain nor its customers are currently employing asicboost in mining. Rather Bitmain has an installed base of customers worldwide (where the patent is a liability for the customers) whose hardware could suddenly be made more efficient if Bitmain were to release the software/firmware upgrade to enable asicboost.

Thus Bitmain has a poison pill on any block size increases which won't pin the blame on them for the failure of any soft (or hard) fork which attempts a block size increase. Because a "hacker" (who is actually Bitmain) could release the covert asicboost upgrade over the Internet, and then all those Bitmain customers would be economically incentivized to employ it and to block both block size increases and @gmaxwell's overt BIP (which is supposed to block the covert form of asic boost but not the overt form). Or even some clever people might reverse engineer and design the upgrade from scratch and release it. The point is the customers of Bitmain wouldn't want to run the overt asic boost because they wouldn't want patent liability. And those customers would also not want block size increases because asic boost looses efficiency with larger block sizes.

So Bitmain can block any block size increases without it even being provable that they did obstruct it. It can be made to appear that Bitmain was the good guy and was supporting 2MB blocks, but in fact behind the scenes Bitmain has already told Blockstream the truth and Blockstream is realizing they are fucked and trying to find a way to fight back, but it is too late, they are already checkmated by Bitmain's very clever strategy.

Bitmain urges the community to make the patent licensing available to all (not their patent but the patents held by others on asicboost) so it appears Bitmain is the good guys. Yet in reality, Bitmain knows that the patent licensing won't be forthcoming because you can't organize such a thing given there are multiple patent holders in different jurisdictions. Thus Bitmain knows the covert upgrade is the poison pill that blocks any thing Blockstream would attempt to do. Blockstream is now frantic and desperate.

Given the Chinese now know they have us by the balls, they are always manipulating the LTC markets as well. Using all this to pump up and crash the LTC price at will and taking more BTC from all of us.

I am hating PoW even more. I want to make those ASICs irrelevant. I want to eliminate PoW. I am so tired of all this fighting and manipulation. Before I supported Bitcoin because I thought it was a stable and politics-free reserve currency of the altcoins which I could hold without losing my time on this shit. Now these fuckers have turned the Bitcoin into a fucking noise that makes it just not worth it.

I will kill this shit. I hope you guys understand what is really going on.

I don't take sides. Bitmain is attempting to maintain immutability. Blockstream is attempting to take control and gain mutability. And all the fuckers involved are gaming this shit and making it a huge fucking mess. So we need to destroy this shit and replace it with something that actually works properly without any possible politics.

Impossible? Maybe. But I love a challenging goal.




I also think that giving every asicboost for free means that no one will have the advantage, and so now one will stand to lose anything by going with bigger blocks.

Not everybody has Bitmain's hardware. Not everybody is willing to risk the liability of running a (potentially) patented thing covertly. It is just simple economics. Miners are forced to support what gives them an economic advantage.

Why would Bitmain not want a larger max block size? Larger blocks will ultimately lead to additional total tx fees (and in turn higher overall block rewards), both of which will lead to greater profitability of those who run their equipment, which would theoretically lead to higher market prices for their equipment, and most importantly, more profits for them.

1. Because killing Blockstream and removing their ability to destroy Bitmain (and Bitcoin) by controlling the protocol is more important.

2. Because SegWit can be added on Litecoin where they can still earn all those fees, and Blockstream will be impotent.

It all about removing the coup d'etat of Blockstream.

In that way I like Bitmain, but as I said the Chinese are fucking with us and making it a fucking mess. I really blame PoW, because PoW makes all of this shit possible.

Can there be a better way? Maybe not. Maybe yes. I have ideas I need to go work on.

So are there are any objections to my analysis of this fucking mess?



I also think that giving every asicboost for free means that no one will have the advantage, and so now one will stand to lose anything by going with bigger blocks.

Not everybody has Bitmain's hardware. Not everybody is willing to risk the liability of running a (potentially) patented thing covertly. It is just simple economics. Miners are forced to support what gives them an economic advantage.

but Bitmain said he would want to work with other patent holders to null and void the patents and make it available to everyone.

his reasoning was, its better for bitcoin's security, to have an extra 20% hashpower over all, then drop hashing power by disabling his (potential) advantage.

I already refuted that:

Bitmain urges the community to make the patent licensing available to all (not their patent but the patents held by others on asicboost) so it appears Bitmain is the good guys. Yet in reality, Bitmain knows that the patent licensing won't be forthcoming because you can't organize such a thing given there are multiple patent holders in different jurisdictions. Thus Bitmain knows the covert upgrade is the poison pill that blocks any thing Blockstream would attempt to do. Blockstream is now frantic and desperate.

Can anyone find a flaw in my analysis?



Can anyone find a flaw in my analysis?

not really. it rings a tad false to me, and seems highly speculative, but its a workable theory...

If you can't come up with an alternative ECONOMICALLY plausible theory, then you'll know mine isn't speculative.

You can't just believe what people say. You have to analyze if what they say makes any sense or not.



I really blame PoW, because PoW makes all of this shit possible.

+1

and your analysis makes sense to me

Thank you.

I am also tired of this. There are many explanations coming from both party but they dont speak about their flaws and only focused on the flaws of other groups. Both groups promises something but behind it they are the ones responsible in attacking the system.  This trend has become a war between  groups and the holders are now watching a war movie in the bitcoin network.
aoluain
Legendary
*
Offline Offline

Activity: 2240
Merit: 1255



View Profile
April 07, 2017, 12:26:46 PM
 #45

How do you justify the blatant BS linked above (your quote of me) wherein the Chinaman deliberately says some BS to crash the LTC price?

thats one tool in a pool of many. seen Americans (famous Bitcoin is a failed experiment line), Russians, Japanese all do the same bitcoin/crypto over its history.

That is why we need an altcoin wherein the hodlers aren't speculating. They are using the tokens for something in which they have no desire to speculate with them.

With that wide base of transaction use which doesn't care about the exchange value, the manipulators will not be able to have much impact.

As I said, I have some ideas about how to make whales impotent. Traders won't like it, but long-term HODLers are going to love it, because it is deflationary, which is even better than Bitcoin (i.e. the coin supply will shrink forever never reaching 0).

you know traders or even greed isn't always a negative, there can be win win economic scenario's where greed and speculation is a positive driving force.

though in crypto atm i would agree many traders/manipulators are behaving like chickens without heads and going for personal profit without any thought to the entire ecosystem. however that often goes with the territory, tis just in the wild west phase atm.

Like halving a determined distance at every step............the two points in theory bever meet,
A bit mind bending, but interesting nonetheless

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
Yuuto
Hero Member
*****
Offline Offline

Activity: 644
Merit: 501



View Profile
April 07, 2017, 02:32:05 PM
 #46

For me, this is almost the "true spirit" of Bitcoin- no one agrees with another, and this agreement is not required...

However, if this goes on, bitcoin will really become an electronic asset/store of value, and no longer a efficient payment channel.
I dont agree with you, because we need to make an agreement or reach a consensus to improve bitcoin.
Bitcoin is decentralized, that is one of the reasons that it is so hard to reach consensus: some people are behind SegWit and some behind BitcoinUnlimited.

Also, both "fractions" act like they are the worst enemies, instead of calm discussion to improve the technology.
I think that in any case, we need to make transaction faster and fees might be lower (I hope so).
This year is extremely interesting for bitcoin, I think that 2017 is actually a "bitcoin" year. We hear so much about it in our country ( in regular news ) that im actually amazed.
Im glad that more and more people are going for bitcoin, but we really need to stop arguing and go for reasonable solution.
iamTom123
Hero Member
*****
Offline Offline

Activity: 490
Merit: 501



View Profile
April 07, 2017, 02:37:53 PM
 #47

Hello Smiley

Well not to sound harsh but ..

Yeah I think it's obvious by now what the world of crypto is coming at.

It's not going to help third world country to fight corruption in the financial world, or help micro economy.  It's just another toy millionere use to grab more millions from more people with gray area financial tactic in this unregulated world.

Crypto today are probably the most corrupt financial network. It's all about who you know rather than what you know. All about loyalty, not integrity.

If you know anything about real economics, you can say today 90% of it's value is a speculative bubble.

Can always pretend there is an hidden hand following market logic, but it's not the case, neither it's about investment in innovation, or for structueal development, it's all about clique making shady move for their own personal profits.

You can always try to understand the stake holders and mining farms and shakers and movers to put your stash on the right coin at the right moment, but it looks like italian football bet, french underground boxing bet.

All rigged up and you cant win big if you dont know who has stash involved. And it's not about knowing sport performance anymore. No more than it's about if coin is better than another.

For most people bitcoin is just a "get richer quick on the internet" scheme.

No need to beat around the bush for ever.

And im not even saying this to imply then what you do about it other than being angry about it on the Internet, or Go make your own Smiley

But need to face what crypto are today. It's not about technical innovation , or fixing financial world, developing micro economy, or any of this.


People (like me) who might be thinking that Bitcoin is a platform that can really transform the whole world and can really be a big push for human development can be in for a big disappointment. It is just like any other nice technology or development introduced by man and can also be corrupted along the way because Bitcoin or cryptocurrency has no power to change human nature. We are still bringing the kind of greed and selfishness we have and this is quite true with the raging debate in the Bitcoin right now. While we seem to criticize the world order as it is now and how Bitcoin can change the system, people in the Bitcoin community are sadly manifesting the same sickness and the same traits we want to avoid. This can be getting so ironic but not surprising to me.
YuginKadoya
Legendary
*
Offline Offline

Activity: 3038
Merit: 1169



View Profile
April 07, 2017, 02:42:35 PM
 #48

Well if you are so tired of all of it I think you need to take a break and take a moment of silent or stop thinking about it, I think you are pretty stress out of the over and over topic and the nonsense that have been driven all people to be crazy with something about bitcoin well I will not make a rant because all of us are only human that need some rest with this kind of issues.
xhiggy
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
April 07, 2017, 02:58:33 PM
 #49

No way it's set up so that you can 'activate' ASICboost with a software update. Why would you allocate wafer space to equipment that isn't functional?

Recognize conspiracy type thinking and ignore it.
btcbug
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250


View Profile
April 07, 2017, 03:33:22 PM
 #50

Hello Smiley

Well not to sound harsh but ..

Yeah I think it's obvious by now what the world of crypto is coming at.

It's not going to help third world country to fight corruption in the financial world, or help micro economy.  It's just another toy millionere use to grab more millions from more people with gray area financial tactic in this unregulated world.

Crypto today are probably the most corrupt financial network. It's all about who you know rather than what you know. All about loyalty, not integrity.

If you know anything about real economics, you can say today 90% of it's value is a speculative bubble.

Can always pretend there is an hidden hand following market logic, but it's not the case, neither it's about investment in innovation, or for structueal development, it's all about clique making shady move for their own personal profits.

You can always try to understand the stake holders and mining farms and shakers and movers to put your stash on the right coin at the right moment, but it looks like italian football bet, french underground boxing bet.

All rigged up and you cant win big if you dont know who has stash involved. And it's not about knowing sport performance anymore. No more than it's about if coin is better than another.

For most people bitcoin is just a "get richer quick on the internet" scheme.

No need to beat around the bush for ever.

And im not even saying this to imply then what you do about it other than being angry about it on the Internet, or Go make your own Smiley

But need to face what crypto are today. It's not about technical innivation , or fixing financial world, developping micro economy, or any of this.


when printed in black and white this outlook is really sad
and it is looking more and more like this to me
so much for an alternative to the FIAT system which we are all still tied to
nope it seems just as corrupt



I'm going to provide a different perspective:


You're brainwashed!

What did you guys expect? Seriously?


It's very rare, almost non-existent that we get to see battles in the free market. And when we do, we see how ugly things get. We are witnessing a true, free market battle in Crypto-currency space right now. That's a beautiful thing!

Normally, in politics we vote and a majority imposes their will on a minority. The loser must it accept it as morally virtuous and take it up the ass. This one-size-fits-all solution called Government is imposed on a population of 350 Million and nobody finds that outrageous because they're all Socialist, flag waving, sheep.

Sure, politics gets violently ugly and usually comes to a head with mass genocide, but people quickly forget and who cares because the only possibility is Democracy, right?

We don't get to see the "alt-coins" in government because government is by definition a monopoly (lack of free choice).

When we don't get to see the market place of ideas in action, we don't even know how ugly it can be. Let me clarify: Debating and name calling can be ugly and nasty, but it sure beats a mass genocide under an authoritarian regime!

So we're all sick and tired of the squabbling, fighting, whatever. I'll admit that I am too, but we really need to change our perspective.

Things will work themselves out (provided government doesn't step in a fuck this up completely!). Miners, whales, etc. will be punished if they push their limits too far. They can get away with a certain amount because BTC is the only rock solid, store of value crypto at the moment. Don't worry, it can be dethroned, we just haven't seen things get to that point yet.

The market will work this out and who are you or I to say who's corrupt, greedy etc. or claim "the outlook is sad". Stop investing emotionally and diversify yourself so that you aren't overly attached to any one currency, including BTC!

If Bitcoin loses because of greed and corruption then that's absolutely fantastic! If you view it any other way, then I'd say you're probably holding too much BTC at the moment.

If only governments could lose because of greed and corruption... just imagine! Smiley


IadixDev
Full Member
***
Offline Offline

Activity: 322
Merit: 151


They're tactical


View Profile WWW
April 07, 2017, 04:22:18 PM
Last edit: April 07, 2017, 05:26:07 PM by IadixDev
 #51

It's maybe bleak Outlook but seen this sort of things happening many time, hard not to see the pattern  Cheesy

But still need to have faith in positive outcome lol even when things seems hopeless and sucks, it's the best time to focus on positive outcome and find good solution  Cheesy

I watched ares yesterday also  ( http://m.imdb.com/title/tt4216902/ ) Grin might taint my view lol

Reminded me of this with big labs giving product to boxer to rig the match out of big interest and no matter how good the boxer is, if he is not sponsored by the good lab he has no chance , and all is around economics interest for big corps and speculators while  the boxers get all the side effect of drugs, with all corruption lol

But even italian football has good players, and can be fun to watch, but the whole betting side is rigged, and in cahoot with sponsors etc etc

But it make people think they can become rich and famous being good at football, but in fact it's just about following sponsor interest lol

Same with betting, you can  try to bet based on sport speculation, and make some win, but if you know the mafia you can get rich very quick lol

Seem the same with crypto valuation a bit, it is more indexed on knowing whales and miners moves, than on the technical or utility value of the coin.


It's always the same thing in the end https://youtu.be/Dw4rtERX0zw Cheesy

Maybe segwit can improve micro economic aspect, and least move some of the current power/weight repartition, and make it more stable but hard to say Cheesy

jonald_fyookball
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


Core dev leaves me neg feedback #abuse #political


View Profile
April 07, 2017, 04:36:36 PM
 #52

OP, can you state your point of this post in 1-2 short sentences?   Too much quoting this and rambling that.   

Minecache
Legendary
*
Offline Offline

Activity: 2184
Merit: 1024


Vave.com - Crypto Casino


View Profile
April 07, 2017, 04:44:36 PM
 #53

If you're tired just retire, I certainly tired of the likes of you and wont miss

Which side of the BU versus Blockstream nonsense brigade are you on Mr. Offended By Facts?



So I see you're not so tired as you claim, while posting 6000 post, and wanna fight with fresh strength to lure more passangers on your altcoin titanik

It offends you that someone would care enough to try to fix the problem what you will label that person as a villian before even evaluating the outcome? You are an example of the shit I am tired of.

just stop moaning and get retired dude

If you're happiness is dependent on that fantasy, then you're going to be very unhappy.
BTC will never move on with characters like you around polluting people's minds.

monsanto
Legendary
*
Offline Offline

Activity: 1241
Merit: 1005


..like bright metal on a sullen ground.


View Profile
April 07, 2017, 04:47:40 PM
 #54

I don't know what's going on with this wall of text thread or how the various bitcoin blocksize shit storm will play out, but I am starting to consider the following: if you had thousands of bitcoins and could create a debate within the community that divided said community.. and you had insiders on both teams.. well then you pretty much control the price. In other words, not only we're a lot of these devs involved in the original mining of bitcoins.. but now they control the shitstorm which controls the price. No wonder these guys are filthy rich  Smiley
IadixDev
Full Member
***
Offline Offline

Activity: 322
Merit: 151


They're tactical


View Profile WWW
April 07, 2017, 04:52:55 PM
 #55

I don't know what's going on with this wall of text thread or how the various bitcoin blocksize shit storm will play out, but I am starting to consider the following: if you had thousands of bitcoins and could create a debate within the community that divided said community.. and you had insiders on both teams.. well then you pretty much control the price. In other words, not only we're a lot of these devs involved in the original mining of bitcoins.. but now they control the shitstorm which controls the price. No wonder these guys are filthy rich  Smiley

Cia did this many times  Shocked

Carlton Banks
Legendary
*
Offline Offline

Activity: 3430
Merit: 3071



View Profile
April 07, 2017, 05:36:10 PM
 #56

I don't know what's going on with this wall of text thread or how the various bitcoin blocksize shit storm will play out, but I am starting to consider the following: if you had thousands of bitcoins and could create a debate within the community that divided said community.. and you had insiders on both teams.. well then you pretty much control the price. In other words, not only we're a lot of these devs involved in the original mining of bitcoins.. but now they control the shitstorm which controls the price. No wonder these guys are filthy rich  Smiley


Controlling the price is one option with that setup, and exchange insiders are no doubt making that happen.




What concerns me far more is some "voice of reason" stepping in with a poisoned compromise in a situation where everyone is panicking.


This is a classic deep state/shadow government technique:

take a thesis (Bitcoin), create it's anti-thesis (XT/Classic/BU etc), then have a pre-prepared synthesis to break the deadlock (but make sure to plan the anti-thesis carefully so that the synthesis step is very appealing, but ultimately gives the deep state as much power as possible)


thesis + antithesis = synthesis was described by social psychologist Hegel in the 19th century, and is commonly referred to as the "Hegelian dialectic".



I suspect an attempt to create such an appealing compromise has long since been in the works, and some well known and very trusted figure in the Bitcoin dev community has been positioned to "break their silence" to promote such a move.


But it will be a pre-prepared trick. Part of the problem with all the fork-coups thus far is that the trolls are suspiciously obvious alot of the time. It's almost as if they want to be just distrusted enough to set up the dialectic tension. I mean, who can really take Peter Rizun and BU seriously, he was always a bit of a joke with his fanatsy gif charts and his MS Paint pictures of a "Blocked Stream". And Mike Hearn was always just that little too off-message in cypher-punk anarchist terms, no-one who caught the Bitcoin bug would realistically follow Mike anywhere.

Call me cynical, suspicious, paranoid, whatever. But it seems increasing likely to me that the Hegelian dialectic will be invoked: a major crisis will be provoked somehow, sometime. And someone will step forward, perhaps even Satoshi himself will emerge from the shadows to do it, and propose a drastic or radical change to "save" us all

And it will all have been one big trick, and the joke will be on those that blindly follow through fear.

Vires in numeris
PancherBitCoin
Sr. Member
****
Offline Offline

Activity: 812
Merit: 317



View Profile
April 07, 2017, 05:58:52 PM
 #57

Well if you are so tired of all of it I think you need to take a break and take a moment of silent or stop thinking about it, I think you are pretty stress out of the over and over topic and the nonsense that have been driven all people to be crazy with something about bitcoin well I will not make a rant because all of us are only human that need some rest with this kind of issues.
It is very difficult to talk about rest, when it was not very long. Constant stress and time spent on the Internet with bitcoin trade, always get tired both physically and morally. Of course, just say that everything is tired, but when you can not do it without it, you will continue always and constantly.
crypticj
Sr. Member
****
Offline Offline

Activity: 873
Merit: 268


View Profile
April 07, 2017, 06:19:40 PM
 #58

+1 tired but still have faith in LTC and buying!!!
JanpriX
Hero Member
*****
Offline Offline

Activity: 1708
Merit: 606

Buy The F*cking Dip


View Profile
April 07, 2017, 06:36:31 PM
 #59

This has just turned into a pissing contest. Nobody is open for some compromise and everyone wants their side to win with whatever they are fighting. In the past few days, I just take some breather to get out of this drama and re-calibrate my thoughts about what's happening. Hopefully, all concerned parties will come to a solution that will provide better future for BTC.
The One
Legendary
*
Offline Offline

Activity: 924
Merit: 1000



View Profile
April 07, 2017, 08:02:47 PM
 #60

I don't know what's going on with this wall of text thread or how the various bitcoin blocksize shit storm will play out, but I am starting to consider the following: if you had thousands of bitcoins and could create a debate within the community that divided said community.. and you had insiders on both teams.. well then you pretty much control the price. In other words, not only we're a lot of these devs involved in the original mining of bitcoins.. but now they control the shitstorm which controls the price. No wonder these guys are filthy rich  Smiley


Controlling the price is one option with that setup, and exchange insiders are no doubt making that happen.




What concerns me far more is some "voice of reason" stepping in with a poisoned compromise in a situation where everyone is panicking.


This is a classic deep state/shadow government technique:

take a thesis (Bitcoin), create it's anti-thesis (XT/Classic/BU etc), then have a pre-prepared synthesis to break the deadlock (but make sure to plan the anti-thesis carefully so that the synthesis step is very appealing, but ultimately gives the deep state as much power as possible)


thesis + antithesis = synthesis was described by social psychologist Hegel in the 19th century, and is commonly referred to as the "Hegelian dialectic".



I suspect an attempt to create such an appealing compromise has long since been in the works, and some well known and very trusted figure in the Bitcoin dev community has been positioned to "break their silence" to promote such a move.


But it will be a pre-prepared trick. Part of the problem with all the fork-coups thus far is that the trolls are suspiciously obvious alot of the time. It's almost as if they want to be just distrusted enough to set up the dialectic tension. I mean, who can really take Peter Rizun and BU seriously, he was always a bit of a joke with his fanatsy gif charts and his MS Paint pictures of a "Blocked Stream". And Mike Hearn was always just that little too off-message in cypher-punk anarchist terms, no-one who caught the Bitcoin bug would realistically follow Mike anywhere.

Call me cynical, suspicious, paranoid, whatever. But it seems increasing likely to me that the Hegelian dialectic will be invoked: a major crisis will be provoked somehow, sometime. And someone will step forward, perhaps even Satoshi himself will emerge from the shadows to do it, and propose a drastic or radical change to "save" us all

And it will all have been one big trick, and the joke will be on those that blindly follow through fear.

Or both Core and BU want a hardfork, so they can pass 21m limit and get 42m.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

Pages: « 1 2 [3] 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!