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Author Topic: The Barry Silbert segwit2x agreement with >80% miner support.  (Read 119971 times)
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ComputerGenie
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May 26, 2017, 04:05:26 PM
 #341

...That's what you all BU shills do not understand from the beginning. Please Fork the fuck away asap, take your BUcoin and let us be.
Can we also dispense with spewing out some random false dichotomy like this?


It is actually possible for a rational human to believe some of the things BU believes in (or in this instance, one of the things BU believes) while not believing in BU.  Wink

Edit:mindrust, if you think Core incapable of creating a node client capable of handling the same amount of information that a 1990s era IRC server could, perhaps it's time to stop drinking the Core-ade.

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May 26, 2017, 05:16:36 PM
Last edit: May 26, 2017, 05:49:15 PM by mindrust
 #342


But this is already the case. ... and some thick useless wall o' text.


We know that.

That's why we propose not UASF only but UASF + PoW change, what did you think... Current situation with the miners is problematic. Their power levels need to be re-adjusted.

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ComputerGenie
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May 26, 2017, 05:38:22 PM
 #343

That's why we propose not UASF only but UASF + [delusional content removed].
Roll Eyes

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May 26, 2017, 05:57:52 PM
 #344


*has nothing to say so posts a stupid smiley*


I understand you invested heavily in Bitmain toys lately and you are having nightmares when you hear UASF and PoW change or anything which is going to make your hardware useless (or your precious ASICBOOST) but you should understand, this is for your own good, for all miners out there.

You'll take some losses but no big deal. In the long run you'll be the one who's laughing.

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ComputerGenie
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May 26, 2017, 06:12:17 PM
 #345

[nonsense removed]...
I'm not sure which I find more humorous, your unfounded delusions about ASICBOOST or your delusion that Bitcoin will ever be ASIC-free again.

If you have to ask "why?", you wouldn`t understand my answer.
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May 26, 2017, 07:35:00 PM
 #346

That's why we propose not UASF only but UASF + PoW change, what did you think... Current situation with the miners is problematic. Their power levels need to be re-adjusted.

I actually would propose a fork with PoS for the consensus, while keeping PoW for the coin creation.  The PoS would not be remunerated, it would just be a "free service to the community" in the same way that people are now running (powerless) full nodes.

But let us stick to your idea to change the PoW scheme.  For instance, scrypt instead of sha-256.  This has many facets to it.

First, I'm always puzzled why bitcoiners want to have something in bitcoin, that is already up and running elsewhere: if you change PoW into scrypt, you have Litecoin.  Litecoin is essentially bitcoin, but with PoW being scrypt.  Litecoin was invented, exactly, because already in 2011, people understood that asic owners were the deciders of the coin - it failed however, because there are also scrypt asics.  Note that DASH invented X11, a joyful mix of 11 different hash algorithms, "to resist ASICS".  Useless:

https://asicminermarket.com/product-tag/x11/

For the moment, cryptonight is still standing.  But with monero's increasing price, I wonder whether it will stand a long time.

There are serious efforts to make essentially ASIC resistant algorithms, and I think that burstcoin is using a so big memory needing PoW algorithm that you need disk space of TB for it ; it becomes "proof of capacity".  If I were a hard disk vendor, I would hype such coins.

But what I want to say, why stick with bitcoin if you want to use the system of another coin.  Simply sell your bitcoin and buy the other coin !

But let us consider that, nevertheless, you try to change the PoW function in bitcoin. Let us say for the moment that we take scrypt.  So the new bitcoin is simply a version of litecoin, but with a different initial chain. What happens ?  This is in fact a totally new coin you create, with not even the option for the actual miners to "switch camp".  So "old bitcoin" will simply continue to function, with all its stuff.  The only thing you did, was create a totally new coin, that happens to have the same coin possession as the bitcoin owners at the point of forking.   But it is, say, litecoin, but with the former balances of bitcoin.

People will now own two coins: the new alt coin you just made, and their original bitcoins of course.  In order for the new coin to take all the value of the old bitcoin, people need to sell all their old (original) bitcoins, and buy more of the new lite-bitcoin.  What makes you think that people are going to dump their *original bitcoins* to buy the new altcoin, and they didn't do that with the existing litecoin ?

After all, you have to sell your *original bitcoins* to buy more of a new coin that is in all respects like Litecoin.  

Note that deciding on which coin to sell, the "new free money you got" (the lite-bitcoin) or your "original bitcoins", you have to be careful.  If you make a mistake, you lose everything !  It is not a matter of *your own choice* but it is a matter of your own prediction of what others will do, while others will try to make you dump your "valuable" coin, and buy the shit coin instead.  Which one will it be ?
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May 26, 2017, 07:37:46 PM
 #347

Barry should try to get Blockstream and Core into the agreement discussion. If they refuse then perhaps we will know first hand who is truly at the root of the attack on bitcoin.

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May 26, 2017, 07:58:22 PM
 #348

 What makes you think that people are going to dump their *original bitcoins* to buy the new altcoin, and they didn't do that with the existing litecoin ?


The very same thing which makes Ver&WU to think that people gonna name their alt as "bitcoin".

That's for people to decide and we will never know unless it happens and trust me it will happen. There will be many forms of bitcoin and only one of them will bear the "bitcoin" name.

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ComputerGenie
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May 26, 2017, 08:20:26 PM
 #349

...There will be many forms of bitcoin and only one of them will bear the "bitcoin" name.
That much is true, and I'll bet money that it will not be the new, ASIC-free, non-Bitcoin altcoin that you're wanting to turn Bitcoin into.  Cheesy

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May 26, 2017, 09:15:03 PM
 #350

Hmm, i didn't saw any discussion about BU not a singel time...

BU is even more dead than i thought  Tongue
Even Roger Ver is part of the coup attempt by miners WITH segwit. BU was a distraction and should be forgotten. It's totally irrelevant to this next round of clashes.

ooorrr maybe not. Just now:


Same old mistake everyone keeps making. Variance. Exactly the same pools are signalling/flagging/fapping, whatever you want to call it, that have been for months now.

Variance? The one week figure has significant variance? Really?

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

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May 26, 2017, 09:59:09 PM
 #351

Same old mistake everyone keeps making. Variance. Exactly the same pools are signalling/flagging/fapping, whatever you want to call it, that have been for months now.

Variance? The one week figure has significant variance? Really?
Why not take another look right now and see for yourself?

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May 26, 2017, 10:06:30 PM
 #352

this silbert thing is just a joke. there is nothing written in code so far. where is the BIP?

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May 26, 2017, 10:13:43 PM
 #353

Same old mistake everyone keeps making. Variance. Exactly the same pools are signalling/flagging/fapping, whatever you want to call it, that have been for months now.

Variance? The one week figure has significant variance? Really?
Why not take another look right now and see for yourself?



One-week variance dropped from 42.1% to 41.3. Insignificant change confirmed.

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May 26, 2017, 10:15:40 PM
 #354

Same old mistake everyone keeps making. Variance. Exactly the same pools are signalling/flagging/fapping, whatever you want to call it, that have been for months now.

Variance? The one week figure has significant variance? Really?
Why not take another look right now and see for yourself?



One-week variance dropped from 42.1% to 41.3. Insignificant change confirmed.
Correct and it's been sitting at 38-41% for ages. You showed the pic showing 48% daily rate making it look like it was climbing. The daily rate has even peaked over 50% in the past.

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May 26, 2017, 10:29:39 PM
 #355

this silbert thing is just a joke.


I'd rather have a half assed or joke proposal than just sitting stubbornly on our asses like Core as bitcoins capacity issues become more critical by the day.

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May 26, 2017, 10:33:32 PM
 #356

this silbert thing is just a joke.


I'd rather have a half assed or joke proposal than just sitting stubbornly on our asses like Core as bitcoins capacity issues become more critical by the day.

why? segwit will be activated in August. you can choose the right chain.

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May 26, 2017, 10:34:37 PM
 #357

https://twitter.com/JihanWu/status/868157561488367616

so jihan wu has only today bothered to find out about bip148. this sure is a very relaxed guy when it comes to staying informed.
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May 26, 2017, 10:47:48 PM
 #358

this silbert thing is just a joke.


I'd rather have a half assed or joke proposal than just sitting stubbornly on our asses like Core as bitcoins capacity issues become more critical by the day.

why? segwit will be activated in August. you can choose the right chain.


You mean via uasf? If you haven't been paying attention or are living in Cores echo chamber, not a whole lot of people actually want Segwit, especially not on it's own. If Core goes uasf, I suspect the big block fork chain to completely destroy the uasf one. If you mean Segwit activates with 2mb block increase, then I hope you are right.

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May 26, 2017, 10:49:54 PM
 #359

... jihan wu has only today bothered to find out about bip148. this sure is a very relaxed guy when it comes to staying informed.
Imagine that, the CEO of a billion dollar hardware company has better things to do than personally read through the trivial software change proposals of one random protocol client; who'da thunk it.  Roll Eyes

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May 26, 2017, 10:50:02 PM
 #360

Someone, please remind me why we need any size limit in 2017; when CPUs are pushing 100 GFLOPS and GPUs are pushing 10k, surely more can be processed than produced...
Why are we still sitting with a 2011 mentality?  Huh

It's a deliberate strategy of creating scarcity when there should be none. Thus meaningless excuses just keeps on flowing.

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