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Author Topic: Bitcoin gave us something more than the protocol  (Read 456 times)
squatter
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December 17, 2018, 09:25:50 AM
 #21

seeing as you admire the word "state" to refer to certain group of elitist authoritarians. i shall refer to certain dv team as "dev state" for your benefit

In the context of this topic. Does the "dev-state" monopolize the printing, and issuance of the currency in the network? Does it have a police system to administer their "laws"? Does it threaten our freedom?

The developers clearly don't have power or authority over anything.

That's why Segwit wasn't activated for so long -- they had no mandate to force anyone to upgrade. BIP148 and BIP91 were not part of the Core implementation. If users or miners chose to run them or comply with their rules, it had nothing to do with Core.

Miners made a simple, calculated decision. They could have forced the question and split the chain, but they figured it was more profitable to go the path of least resistance.

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December 17, 2018, 11:12:32 AM
 #22

Bitcoin gave us the beggining of completely different market, something that we never had before. And it will not stop to exist as mentioned. It will still be the first product that block chain brought.
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December 17, 2018, 02:25:25 PM
 #23

seeing as you admire the word "state" to refer to certain group of elitist authoritarians. i shall refer to certain dv team as "dev state" for your benefit


In the context of this topic. Does the "dev-state" monopolize the printing, and issuance of the currency in the network? Does it have a police system to administer their "laws"? Does it threaten our freedom?

The "dev-state" can go, and the network can fail, but the idea of Bitcoin can be passed on.

currently every block is limited to 1,250,000,000 sharable units of the reward.. you do know that they are going to be soon wanting to make the reward have 1,250,000,000,000 sharable units of reward. which will extend mining for reward well passed the year 2140
but yea as per usual they will hide it by saying that 1250,000,000,000 is the same as 1,250,000,000 by saying the extra sharable units are named at the bottom end not the top end... trying to totally sleeping pill the sheep to not realise more units of measure are still more units of measure (less scarcity)

does it have a police system. yep
moderation and only certain "police" with authority to ack/Nack new laws. and then when pushing it through the "state" they are instead of using the old 2013 consensus mechanism. they are using the 2017 mechanism to administrate their laws into passing.

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December 17, 2018, 03:15:22 PM
 #24

Yes, bitcoin made us realize that it is possible for any individual to control our money without being handled to a third party, wake us up how banking system blinding us and manipulate us and who are the real scammers of your hard earned money. These are the reasons why many still believes in bitcoin's potential in the long run, the key for financial freedom and type of investment where you are fully in control. It is not failing, what happening today is a pure healthy price correction.

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December 17, 2018, 03:43:34 PM
 #25

It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
Before the coming of bitcoin there wasn't anything that people could use to transact online with other people and the people used to do bank transfers to make deals with people in some other country and that took a lot of time to confirm and wasn't at all trusted so the chances of being scammed was pretty high but bitcoin was liked by everyone as it holds value and in case of transacting online you can't get scammed now as escrow are possible, so for the people who have business online they can use bitcoin to get rid of many problems like charge backs and frauds.
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Segwit please.


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December 17, 2018, 04:11:14 PM
Last edit: December 17, 2018, 04:31:50 PM by 1Referee
 #26

To implement Bitcoin is more difficult than that also, not sure if it could be compared with but take as an example the EURO, it took over 10 years to see Europe adopting EUR, not even talking about the time spend to work on.

Bitcoin adoption is adoption out of free will. You can choose to not adopt it and it's all fine, which means that the adoption taking place will automatically take way more time to grow. The Euro was forced upon people, and an added benefit for governments was that it burns through the wealth that we all managed to build up throughout the last decades.

The worst thing is that the Euro has shown signs of failure in the very early stage of the 'rollout' and I expect it to implode in the forthcoming years.

Back in 2013 I was buying Bitcoin at an exchange rate of €1 = ~$1.4 and it has fallen well below $1.10 more than once already. If that isn't a bad sign, then I don't know what is.

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December 17, 2018, 04:40:01 PM
 #27

It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".

Bitcoin might fail? No way! it has no reason to fail.

If bitcoin already reach this point is because it was made to succeed... People believes in it, in the math behind it, and in the decentralised concept it give us, was what the world need and is imposible to go steps back.

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December 17, 2018, 04:54:25 PM
 #28

Yea, bitcoin has succeeded in giving us exposures on the concept of wealth making any where in the world.
It has also helped in keeping so many lives busy with something of value, at least anyone who is a bitcoin user will not say he is idle and be constituting nuisance in the community.
Bitcoin has also helped the government in form of providing source of income to many with which they depend less on the government. And few others .


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December 17, 2018, 05:12:43 PM
 #29

Yes! That is why Bitcoin will not die, it will live! I can even say more. Bitcoin is the first in the history of cryptocurrency. Right now the story is shaping up. And all the people who participate in this, all those emotions that are experiencing, all this will remain in history. I'm sure many books will be written on all that was. This phenomenon can not just go out, and the idea of Bitcoin will be modernized and used in other areas.
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December 17, 2018, 05:20:34 PM
 #30

It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".

Bitcoin might fail? No way! it has no reason to fail.

If bitcoin already reach this point is because it was made to succeed... People believes in it, in the math behind it, and in the decentralised concept it give us, was what the world need and is imposible to go steps back.

Bitcoin cannot fail, there is too much adoption already and it promises
too much for the future.

A lot of people it seems have lost the concept which bitcoin was created
for, transferring funds peer-to-peer.
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December 17, 2018, 05:33:28 PM
 #31

So we are going to see that bitcoin is going to fail soon?

I don't want that to happen and as the community we know how bitcoin changed the world's transacion now a days and imagine if it implemented everywhere then we can get away from banking slave who treat like us ther slaves.

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December 17, 2018, 05:44:12 PM
 #32

It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".

A better Bitcoin in the form of a new generation of coins and blockchain that fits the current system is what we need. At this point, it is hard to achieve a currency or money that is not controlled by the state, the government always want to have control over everything, and it is the big reason why there are too many regulations regarding cryptocurrencies. This won't last, the newer generation will accept the fact that cryptocurrencies are here to stay and this is the future of finance. The efficiency it provides is way better and more secure that the fiat system.

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December 17, 2018, 05:49:55 PM
 #33

For now, bitcoin isn't worth mentioning as a failure. Personally I believe, bitcoin will evolve. Until someday, bitcoin experiences improvements to become a better payment tool, than the current payment system

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December 18, 2018, 01:15:54 AM
 #34

It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".

I am agree, bitcoin is not just a cryptocurrency, its a new economic system that no need authority from government. I am believe bitcoin will not fail because its new investment and the market still at early stage

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December 18, 2018, 01:24:33 AM
Last edit: December 18, 2018, 01:45:49 AM by franky1
 #35

The developers clearly don't have power or authority over anything.

users do not code a node
bitcoin is not an AI machine that self codes.
its developers that code changes. so any changes made are done by developers.

your argument is like saying house buyers control house creation.. um.. no housing developers do. you know.. the people that lay bricks and cement.
homeowners dont lay the bricks and cement. and these days home owners have less choice of house designs unless they are rich to employ their own developers. the average person only get to choose whatever designs being offered by developers.

these days the developers have now more powers to push their designs through to activation without community consent

but concentrating on the change from 2009-13 libertarian/open border currency. compared to todays more capitalist elite/authoritarian currency.

you can convey the situation like this

dcg.co = NYA agreement = king
core developers = segwit1x = knights
bloq developers = segwit2x = knights
bitcoinabc= bch= pawns

dcg.co = president
core developers = senate law makers
bloq developers = senate law makers
bitcoinabc= kanye wests fake political nomination

dcg.co = town hall housing planning department
core developers = housing developers
bloq developers = housing developers
bitcoinabc= mobile home designers

when you look at dcg.co/portfolio
it all becomes clear
blockstream=core devs
bloq= jgarzic/gavin
blockchain.info=ver

august 2017 was a planned event. even bch was just a distraction fake choice, to give the illusion of free choice
ver is in the pocket of dcg just as much as gavin is. and remember the drama of gavin in 2013-4 vs core... same story played out as played out in 2017

the btc:bch drama is just kardashian family social distraction drama.

people really need to take a step back from being sheep following the promotional adverts and actually need to look at the bigger picture of the whole show being played out to dilute the community down and push people out of the bitcoin network at any means, but under the pretence of fake/empty promises of offering something better.

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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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December 18, 2018, 01:39:43 AM
 #36

The developers clearly don't have power or authority over anything.

users do not code a node
bitcoin is not an AI machine that self codes.
its developers that code changes. so any changes made are done by developers.

your argument is like saying house buyers control house creation.. um.. no housing developers do. you know.. the people that lay bricks and cement.
homeowners dont lay the bricks and cement.

Housing developers either answer to the market or they go bankrupt. The same goes for Bitcoin developers: If users don't want to run their code, they become irrelevant. (See: Bitcoin XT, Classic, Unlimited)

There are alternative implementations. People are free to run them or to code their own. The fact that the vast majority of users choose to run Core instead speaks volumes about what the market wants.

You're just fighting the market, Franky.

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December 18, 2018, 01:49:31 AM
Last edit: December 18, 2018, 02:12:03 AM by franky1
 #37

Housing developers either answer to the market or they go bankrupt. The same goes for Bitcoin developers: If users don't want to run their code, they become irrelevant. (See: Bitcoin XT, Classic, Unlimited)

your using the consensus as designed 2009-2013 to explain xt, classic, unlimited... and how core didnt get the vote early on
The developers clearly don't have power or authority over anything.
That's why Segwit wasn't activated for so long --

but you again seem to want to pretend the non consensus mandated august 1st 2017 bypass (dev state buzzword bilateral split) ever occured.
kind of funny because "dev state" were and still are proud that it occured

the fact that you admit in another post that core didnt get segwit in using the 2009-2013 consensus (the november 2016-spring 2017) shows it wasnt high majority. it only had 35% vote.

There are alternative implementations. People are free to run them or to code their own. The fact that the vast majority of users choose to run Core instead speaks volumes about what the market wants.
those that did run other nodes that are not compatible. were rlegated off network, diluting out the 65% objections. or relegated them as non voter 'compatible' (downstream/filtered/not full node/stripped)
purely to fake a 95% loyalty

thats why the mandated contentious events happened at the defined and mandated date of august 2017. because core didnt like their 35% vote, but didnt want to renegotiate/compromise back to a 2015 empty promise that the community would have accepted.

yep if core actually went with the 2015 consensus agreement they would have actually got segwit activated by christmas 2016 without contention(well, with the least contention)
.....
as for the market. dcg is the market. look at all the exchanges they OWN... remember the NYA agreement.. yes that... their involvement activated segwit with a fake promise that looks like the 2015 agreement. but backpeddled out of the 2x part, once 1x was activated. along with the UASF threats made by samson mow(dcg.co paid via BTCC) and luke JR(dcg.co paid via Blockstream). along with the fake offering of objectors with the bch(dcg.co paid via blockchain.info)

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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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December 18, 2018, 02:13:53 AM
 #38

one thing is obvious even by the topic.

bitcoin "gave".
even he topic creator subconsciously/subtly admits bitcoins PAST ethos gave people an idea.
but the present. is not the same as the past.

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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December 18, 2018, 02:32:27 AM
 #39

bitcoin is the one of product of blockchain that success, and i think that the real star in here is blockchain, many people here that want to know about blockchain and try to learn about it, so i think that blockchain will give us many many benefeit in the future

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December 18, 2018, 02:36:10 AM
 #40

It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
Bitcoin was first created to become the future currency, but what is happening now is that Bitcoin has changed its function, becoming a traded commodity, so this is not a failure of Bitcoin, but a setback in digital currency technology, because if this happens then the function from bitcoin only as a digital asset, bitcoin should be returned to its original function as a payment tool, because bitcoin has the potential to become the world's single currency.
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