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Author Topic: aaaand here we go again  (Read 3737 times)
European Central Bank
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April 16, 2017, 04:56:31 PM
 #61

You can complain, but BU and/or Segwit don't seem to be winning over the miners.
It looks like it is a flawed system, the turkeys have to vote for Thanks Giving, why would miners vote to increase the size, when it means that transactions will get cheaper, so they will lose out.

if we disregard bitfury and jihan wu, the majority of miners ain't signalling for anything.

if they can't figure out that increasing scaling by whatever means will ultimately make them more money then they're too stupid to have their opinion valued, but they don't appear to have one.
FiendCoin
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April 16, 2017, 06:00:30 PM
 #62

You can complain, but BU and/or Segwit don't seem to be winning over the miners.
It looks like it is a flawed system, the turkeys have to vote for Thanks Giving, why would miners vote to increase the size, when it means that transactions will get cheaper, so they will lose out.

if we disregard bitfury and jihan wu, the majority of miners ain't signalling for anything.

if they can't figure out that increasing scaling by whatever means will ultimately make them more money then they're too stupid to have their opinion valued, but they don't appear to have one.

Unfortunately, they're going to follow the money now not in the future, therefore, status quo.

"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
European Central Bank
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April 16, 2017, 06:01:52 PM
 #63

Unfortunately, they're going to follow the money now not in the future, therefore, status quo.

again, a great demonstration of how stupid they are. if status quo continues forever then there won't be any money to make.
FiendCoin
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April 16, 2017, 08:54:03 PM
 #64

Unfortunately, they're going to follow the money now not in the future, therefore, status quo.

again, a great demonstration of how stupid they are. if status quo continues forever then there won't be any money to make.

They'll push for upgrade when the current money dries up I guess?

Some have speculated BTC price will have to drop to like 500 before they will be forced to push for upgrades. Hopefully the entire system doesn't collapse and move into alt coins before they come around.

"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
European Central Bank
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April 16, 2017, 08:57:24 PM
 #65

They'll push for upgrade when the current money dries up I guess?

Some have speculated BTC price will have to drop to like 500 before they will be forced to push for upgrades. Hopefully the entire system doesn't collapse and move into alt coins before they come around.

too late by then surely? once enough users are pissed off then they'll be either gone for good or in another coin.

there's a case of a boiling frog here a little.
Yakamoto
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April 16, 2017, 09:01:02 PM
 #66

Unfortunately, they're going to follow the money now not in the future, therefore, status quo.

again, a great demonstration of how stupid they are. if status quo continues forever then there won't be any money to make.

They'll push for upgrade when the current money dries up I guess?

Some have speculated BTC price will have to drop to like 500 before they will be forced to push for upgrades. Hopefully the entire system doesn't collapse and move into alt coins before they come around.
I don't think they'd let Bitcoin fall that far down before they would start pushing for upgrades, they might at the very latest start to push forwards when the overall value is being pegged at something like $700-$800 but at $500 there would have been so much money lost by big investors that a lot of them will be left with a bad taste in their mouth and they would likely bail on the system entirely. Even down at $700 you're pushing it.
FiendCoin
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April 17, 2017, 01:35:26 AM
 #67

Unfortunately, they're going to follow the money now not in the future, therefore, status quo.

again, a great demonstration of how stupid they are. if status quo continues forever then there won't be any money to make.

They'll push for upgrade when the current money dries up I guess?

Some have speculated BTC price will have to drop to like 500 before they will be forced to push for upgrades. Hopefully the entire system doesn't collapse and move into alt coins before they come around.
I don't think they'd let Bitcoin fall that far down before they would start pushing for upgrades, they might at the very latest start to push forwards when the overall value is being pegged at something like $700-$800 but at $500 there would have been so much money lost by big investors that a lot of them will be left with a bad taste in their mouth and they would likely bail on the system entirely. Even down at $700 you're pushing it.

Its a fear ALL invested Bitcoiners should have, however, the miners don't seem to be worried?

Personally, I think f2pool started signaling SegWit just to insure status quo  Roll Eyes

"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
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April 17, 2017, 02:23:48 AM
 #68

You can complain, but BU and/or Segwit don't seem to be winning over the miners.
It looks like it is a flawed system, the turkeys have to vote for Thanks Giving, why would miners vote to increase the size, when it means that transactions will get cheaper, so they will lose out.

I think someone might just have to fork Bitcoin without having 66% or whatever is 'required'.  The current situation can't really last too long, it just makes Bitcoin look bad.

I am beginning to doubt the Chinese miners concern on the network and its users. They say they support Bitcoin Unlimited because it is good for everyone for the long term but what is happening? Nothing except someone spamming the network for their convenience. Do you know who the real supporters of Core are? The better part of the miners. Blame them.

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