Silly rabbit, Trix are for kids!

[sgbett]

There's a long thread in which I was roundly mocked despite calling the top, the first bounce, and having a 3 year long forecast play out pretty accurately until Tether showed up and pumped $60bn of fake dollars into the market. I'm relatively comfortable being wrong at times.

There's a certain satisfaction for getting mocked, I know I've had my share in my field(s) and have taken it on the chin, as it is an acknowledgment of sorts that we may know what we're talking about, even if we're not on the same page. I do like the hat gang a lot, I'd throw in my lot with them if this were a 2-sided game, but I'm also highly entertained by the comments of you and others of a different cloth.

I confess I never really know the complexities and nuances of all Bitcoin maxis, but I look forward to seeing more of this play out. Also, the various versions of the Bitcoin end game many of us believe in won't be for a very long time, and my belief is we won't any of us be alive to witness any of those ends, but we'll see a lot more years out, and I still rather feel we'll most of us end up winning in various ways.

P.S. I do struggle to really understand the CW-tinged sympathies, but I'd rather blank that out and enjoy everything else you talk about. Call me apolitical or ignorant? But the bliss taking refuge behind that is real;)

I like the cut if your jib! Pay no attention to my musings on CSW, they are just the ramblings of a mad old fool. OTOH 50k tx/s, virtually zero fees, and instant settler due to no RBF, CPFP and adherence to first seen rule… no wait that’s also mad too. Right?

Insert 4 quadrant princess “right!?” Meme

[Wind_FURY]

There's a long thread in which I was roundly mocked despite calling the top, the first bounce, and having a 3 year long forecast play out pretty accurately until Tether showed up and pumped $60bn of fake dollars into the market. I'm relatively comfortable being wrong at times.

There's a certain satisfaction for getting mocked, I know I've had my share in my field(s) and have taken it on the chin, as it is an acknowledgment of sorts that we may know what we're talking about, even if we're not on the same page. I do like the hat gang a lot, I'd throw in my lot with them if this were a 2-sided game, but I'm also highly entertained by the comments of you and others of a different cloth.

I confess I never really know the complexities and nuances of all Bitcoin maxis, but I look forward to seeing more of this play out. Also, the various versions of the Bitcoin end game many of us believe in won't be for a very long time, and my belief is we won't any of us be alive to witness any of those ends, but we'll see a lot more years out, and I still rather feel we'll most of us end up winning in various ways.

P.S. I do struggle to really understand the CW-tinged sympathies, but I'd rather blank that out and enjoy everything else you talk about. Call me apolitical or ignorant? But the bliss taking refuge behind that is real;)

I like the cut if your jib! Pay no attention to my musings on CSW, they are just the ramblings of a mad old fool. OTOH 50k tx/s, virtually zero fees, and instant settler due to no RBF, CPFP and adherence to first seen rule… no wait that’s also mad too. Right?

Insert 4 quadrant princess “right!?” Meme

Then who pays for the costs for keeping the whole network together? The miners? But Block Rewards are going down, and it has “virtually zero fees”? Will the miners hard fork, then extend the supply cap?

[sgbett]

There's a long thread in which I was roundly mocked despite calling the top, the first bounce, and having a 3 year long forecast play out pretty accurately until Tether showed up and pumped $60bn of fake dollars into the market. I'm relatively comfortable being wrong at times.

There's a certain satisfaction for getting mocked, I know I've had my share in my field(s) and have taken it on the chin, as it is an acknowledgment of sorts that we may know what we're talking about, even if we're not on the same page. I do like the hat gang a lot, I'd throw in my lot with them if this were a 2-sided game, but I'm also highly entertained by the comments of you and others of a different cloth.

I confess I never really know the complexities and nuances of all Bitcoin maxis, but I look forward to seeing more of this play out. Also, the various versions of the Bitcoin end game many of us believe in won't be for a very long time, and my belief is we won't any of us be alive to witness any of those ends, but we'll see a lot more years out, and I still rather feel we'll most of us end up winning in various ways.

P.S. I do struggle to really understand the CW-tinged sympathies, but I'd rather blank that out and enjoy everything else you talk about. Call me apolitical or ignorant? But the bliss taking refuge behind that is real;)

I like the cut if your jib! Pay no attention to my musings on CSW, they are just the ramblings of a mad old fool. OTOH 50k tx/s, virtually zero fees, and instant settler due to no RBF, CPFP and adherence to first seen rule… no wait that’s also mad too. Right?

Insert 4 quadrant princess “right!?” Meme

Then who pays for the costs for keeping the whole network together? The miners? But Block Rewards are going down, and it has “virtually zero fees”? Will the miners hard fork, then extend the supply cap?

Well gee gosh, I hadn't even considered that... *rolls eyes*

Take a very small number such as the cost of a Bitcoin transaction these days: 0.4sats/byte
Take a very large number such as the size of the biggest block that has been processed on main-net: 638mb

Thats 2.52 Bitcoin in fees right there.

You probably won't be aware of this in BTC land, but the guys at nChain are targeting *terabyte* blocks. If anything the sat/byte is going to get smaller because a 1TB block would be 4000 Bitcoin in fees at the current rate.

No need for your "sky is falling" scenario - if antything its BTC that is going to have a problem once the subsidy goes away...

[Wind_FURY]

There's a long thread in which I was roundly mocked despite calling the top, the first bounce, and having a 3 year long forecast play out pretty accurately until Tether showed up and pumped $60bn of fake dollars into the market. I'm relatively comfortable being wrong at times.

There's a certain satisfaction for getting mocked, I know I've had my share in my field(s) and have taken it on the chin, as it is an acknowledgment of sorts that we may know what we're talking about, even if we're not on the same page. I do like the hat gang a lot, I'd throw in my lot with them if this were a 2-sided game, but I'm also highly entertained by the comments of you and others of a different cloth.

I confess I never really know the complexities and nuances of all Bitcoin maxis, but I look forward to seeing more of this play out. Also, the various versions of the Bitcoin end game many of us believe in won't be for a very long time, and my belief is we won't any of us be alive to witness any of those ends, but we'll see a lot more years out, and I still rather feel we'll most of us end up winning in various ways.

P.S. I do struggle to really understand the CW-tinged sympathies, but I'd rather blank that out and enjoy everything else you talk about. Call me apolitical or ignorant? But the bliss taking refuge behind that is real;)

I like the cut if your jib! Pay no attention to my musings on CSW, they are just the ramblings of a mad old fool. OTOH 50k tx/s, virtually zero fees, and instant settler due to no RBF, CPFP and adherence to first seen rule… no wait that’s also mad too. Right?

Insert 4 quadrant princess “right!?” Meme

Then who pays for the costs for keeping the whole network together? The miners? But Block Rewards are going down, and it has “virtually zero fees”? Will the miners hard fork, then extend the supply cap?

Well gee gosh, I hadn't even considered that... *rolls eyes*

Take a very small number such as the cost of a Bitcoin transaction these days: 0.4sats/byte
Take a very large number such as the size of the biggest block that has been processed on main-net: 638mb

Thats 2.52 Bitcoin in fees right there.

Yes, but where? How many transactions does Bcash SV currently have on average per block? As the block rewards go down, it’s being killed because there will be incentive to mine. Next halving will be on 2024.

You probably won't be aware of this in BTC land, but the guys at nChain are targeting *terabyte* blocks. If anything the sat/byte is going to get smaller because a 1TB block would be 4000 Bitcoin in fees at the current rate.

No need for your "sky is falling" scenario - if antything its BTC that is going to have a problem once the subsidy goes away...

Haha. Anyone who has basic understanding of how Bitcoin works knows the folly of that goal, but GOOD LUCK!

[nutildah]

Nothing is wrong with Bitcoin SV by itself. It's a fork that has active developers, and even though it doesn't have actual use cases or economic utility, I can admit its a step up from Bitcoin Gold or Bitcoin Diamond.

And that's it. Every cent above $50 or so is sustained on the lie that Wright is Satoshi.

And as I stated before, nobody wants to use a coin led by a fraud. You should be more embarrassed defending his foolish exploits.



Congrats on reaching a multi-year low in mining difficulty.

Do you still not understand what decentralised means?

Price of BSV on Feb. 17: $182
Price of BSV today: $127

You know what takes precedence over interpretations of adherence to a white paper, at least in the minds of users of decentralized financial products (as spoken by market demand)?

That the administrator of the system not be a giant fraud.

You're big on loosely reinterpreting your old quotes into creating tenuous cases for being "right". Well how about this? I told you what actually mattered, was right, and you bulldozed over it in order to continue being wrong, inevitably leading anyone who listened to your advice to financial loss.

You insist that you are an intelligent person but then you open threads with gross misinterpretations of fact, like this one:

Craig Wright recognised by US Govt as Satoshi, author of white paper

So of course that was a lie, or "false."    Not at all incongruous to simultaneously demand respect as an intellectual and be capable of making such "honest" "mistakes."..  

[sgbett]

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

@nutildah I used to think a lot of things about Bitcoin that I have since learned are wrong. I think it's important to be able to revise your understanding when you learn new information. A good example would be running a non-mining node. I used to run three, I though I was helping to strengthen the. network. Then I learned new information, and understood I was basically burning money. The network doesn't need me. Seeing UASF unfold confirmed it, because nobody could actually explain why a non-mining node was useful, they would just wax lyrical about decentralisation and protecting us from evil miners. Not once acknowledging how the incentive mechanism works and why it keeps honest miners honest.

I also think it's important to troll bitcointalk from time to time in order to gauge reactions. It's up to others to figure out when I'm trolling and when I'm serious. Think of it as an intelligence test. It's up to you whether you pass or fail

[Wind_FURY]

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

There’s no folly in that, but the folly is in the design-decisions made by some of these fork-of-a-fork forked-shitcoin “developers”, that makes the network scale in instead of out, and claim that it’s “scaling”. Good luck developing your GIGA-MEG block network.

Plus newbies are currently more educated about Bitcoin today, good luck convincing them.

[sgbett]

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

There’s no folly in that, but the folly is in the design-decisions made by some of these fork-of-a-fork forked-shitcoin “developers”, that makes the network scale in instead of out, and claim that it’s “scaling”. Good luck developing your GIGA-MEG block network.

Plus newbies are currently more educated about Bitcoin today, good luck convincing them.

Sorry my edit coincided with your reply.

Newbies are influenced heavily by what is on social media. This is awash with a kind of groupthink that matches what is on bitcointalk, r/bitcoin etc which everyone knows is heavily moderated.

When you look at nullc's history at wikipedia it all paints a very clear picture.

Its also antithetical to Bitcoin, which is about maintaining a single ledger that can be trusted, and verified by anyone.

[nutildah]

You didn't actually refute a single thing I said.

I explained very carefully why you should not be trusted, laying out the evidence necessary to back my claim.

Then you countered it with a series of non-sequiturs, trying to assert that even when you're wrong you're right because you were "just trolling."

I'll say it again sgbett: nobody should listen to you for financial advice, and nobody wants to use a coin led by a fraud.

[Wind_FURY]

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

There’s no folly in that, but the folly is in the design-decisions made by some of these fork-of-a-fork forked-shitcoin “developers”, that makes the network scale in instead of out, and claim that it’s “scaling”. Good luck developing your GIGA-MEG block network.

Plus newbies are currently more educated about Bitcoin today, good luck convincing them.

Sorry my edit coincided with your reply.

Newbies are influenced heavily by what is on social media. This is awash with a kind of groupthink that matches what is on bitcointalk, r/bitcoin etc which everyone knows is heavily moderated.

No, I used to believe “bigger blocks = better for higher transaction throughput”, without truly understanding how the network works, and believing it was as simple as increasing the block size. I was conned, and I learned the HARD WAY. Newbies must learn too, either the easy way or the hard way.

When you look at nullc's history at wikipedia it all paints a very clear picture.

Its also antithetical to Bitcoin, which is about maintaining a single ledger that can be trusted, and verified by anyone.

I will say nullc is a fraud, if you say Craig Wright is a fraud.

[sgbett]

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

There’s no folly in that, but the folly is in the design-decisions made by some of these fork-of-a-fork forked-shitcoin “developers”, that makes the network scale in instead of out, and claim that it’s “scaling”. Good luck developing your GIGA-MEG block network.

Plus newbies are currently more educated about Bitcoin today, good luck convincing them.

Sorry my edit coincided with your reply.

Newbies are influenced heavily by what is on social media. This is awash with a kind of groupthink that matches what is on bitcointalk, r/bitcoin etc which everyone knows is heavily moderated.

No, I used to believe “bigger blocks = better for higher transaction throughput”, without truly understanding how the network works, and believing it was as simple as increasing the block size. I was conned, and I learned the HARD WAY. Newbies must learn too, either the easy way or the hard way.

When you look at nullc's history at wikipedia it all paints a very clear picture.

Its also antithetical to Bitcoin, which is about maintaining a single ledger that can be trusted, and verified by anyone.

I will say nullc is a fraud, if you say Craig Wright is a fraud.

Craig is Satoshi. nullc knows this and there is nothing he can do it about, however much he might try with his army of reddit warriors and his taxi r/bsv hate sub to try and denigrate him and BSV. It's laughably childish and entirely consistent with his past behaviours of astroturfing & sock puppetry. Meanwhile back in the world of grown ups the COPA case coming up. It is interesting how CSW name is mud, alleged a fraud by all, and yet no-one has actually taken him down. You'd think that would be easy if it was so obvious. McCormack backing out of the truth defense was awkward. A "crazy amount of evidence he is satoshi" but still nobody gives him any credit for his deep knowledge of Bitcoin due to him having invented it!. Meanwhile its the rock stars like Tether, Coinbase, Binance that the regulators are getting twitchy about, all while twitter laser eyes extoll their virtues about how legit everything all is and the Aussie man is bad.

Perhaps all is not what it seems with what you have heard about Craig.

But yeah you were conned alright, way before CSW came along. The poisoning of the well with regards scaling and block size started probably 2013, which then evolved through 2015 into social media attacks, censoring anyone that dared question block size limits, attacking Gavin and Hearne to kill Bitcoin XT, the coupe de grace was SegWitx2 and UASF - quite an incredible piece of public manipulation. "Hats off" so to speak

It's also interesting how I hear "simply increasing the block size" said a lot, like BSV is just some repo-fork that tweaked a parameter lol. Increasing the block size was far from simple, given the amount of damage done by core hacking in workarounds for a 1MB capacity - they fundamentally broke Bitcoin in ways that you folks still don't even comprehend. Probably not because you aren't capable but because you refuse to beleive that maybe, just maybe, you have made a miscalculation. In that situation it is absolutely vital you don't expose yourself to anything that might exascerbate the problem.

The work that Shadders and team did was phenomenal and this was just to get the BSV client into the ~1gb range to buy some time for what comes next.

The throughput in teranode represents an entire architectural shift away from monolithic nodes to horizontally scalable node farms that split up work. It's beyond core's wildest dreams. I don't suppose anyone I paying attention though. All asleep at the wheel as usual.

Surely I am the one learning a hard lesson for dumping all my BTC? Perhaps all my time is taken learning other things such that I haven't had time for that particular lesson.

@nutildah you are the same as every other BTCer when it comes to evidence, you think reputation, hearsay, PoSM campaigns all mean something - its the same kind of BS that gets levelled against Craig, and more recently any BSVer on twitter etc and everyone laps it up. Your blindness to this phenomenon makes you all so sure that I am wrong, and so you hold onto played out beliefs of days gone by about "non mining nodes" and "lightning network" even whilst Blockstream are now unashamedly doing exactly what was predicted in 2014. You ignore that and carry on LARPing the average 2015 bitcointalk degen. It's like talking to ICEBREAKER and brg444 all over again. When things dont go your way will you make a silent exit stage left too?

Be nice and easy for you all given you are all anons with no reputation to burn.

[Wind_FURY]

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

There’s no folly in that, but the folly is in the design-decisions made by some of these fork-of-a-fork forked-shitcoin “developers”, that makes the network scale in instead of out, and claim that it’s “scaling”. Good luck developing your GIGA-MEG block network.

Plus newbies are currently more educated about Bitcoin today, good luck convincing them.

Sorry my edit coincided with your reply.

Newbies are influenced heavily by what is on social media. This is awash with a kind of groupthink that matches what is on bitcointalk, r/bitcoin etc which everyone knows is heavily moderated.

No, I used to believe “bigger blocks = better for higher transaction throughput”, without truly understanding how the network works, and believing it was as simple as increasing the block size. I was conned, and I learned the HARD WAY. Newbies must learn too, either the easy way or the hard way.

When you look at nullc's history at wikipedia it all paints a very clear picture.

Its also antithetical to Bitcoin, which is about maintaining a single ledger that can be trusted, and verified by anyone.

I will say nullc is a fraud, if you say Craig Wright is a fraud.

Craig is Satoshi. nullc knows this and there is nothing he can do it about,

OK, then maybe Gregory Maxwell is Satoshi, and there is nothing Craig Wright can do about it. Obviously, gmaxwell is the better coder, and Computer Scientist.

however much he might try with his army of reddit warriors and his taxi r/bsv hate sub to try and denigrate him and BSV. It's laughably childish and entirely consistent with his past behaviours of astroturfing & sock puppetry.

That sounds like “someone else” would do.

Meanwhile back in the world of grown ups the COPA case coming up. It is interesting how CSW name is mud, alleged a fraud by all, and yet no-one has actually taken him down. You'd think that would be easy if it was so obvious.

McCormack backing out of the truth defense was awkward. A "crazy amount of evidence he is satoshi" but still nobody gives him any credit for his deep knowledge of Bitcoin due to him having invented it!. Meanwhile its the rock stars like Tether, Coinbase, Binance that the regulators are getting twitchy about, all while twitter laser eyes extoll their virtues about how legit everything all is and the Aussie man is bad.

Nothing in that post proves Craig Wright is Satoshi.

But yeah you were conned alright, way before CSW came along. The poisoning of the well with regards scaling and block size started probably 2013, which then evolved through 2015 into social media attacks, censoring anyone that dared question block size limits, attacking Gavin and Hearne to kill Bitcoin XT, the coupe de grace was SegWitx2 and UASF - quite an incredible piece of public manipulation. "Hats off" so to speak

The debate was technical, not political. XT would have been an unsafe risk if everyone came to consensus around it, and if the network actually forked to it. That would be the end, then we would have Satoshi spinning on his computer chair, in his mom’s basement.

It's also interesting how I hear "simply increasing the block size" said a lot, like BSV is just some repo-fork that tweaked a parameter lol. Increasing the block size was far from simple, given the amount of damage done by core hacking in workarounds for a 1MB capacity - they fundamentally broke Bitcoin in ways that you folks still don't even comprehend. Probably not because you aren't capable but because you refuse to beleive that maybe, just maybe, you have made a miscalculation. In that situation it is absolutely vital you don't expose yourself to anything that might exascerbate the problem.

Then show everyone, and argue for the improvements made in BSV.

The work that Shadders and team did was phenomenal and this was just to get the BSV client into the ~1gb range to buy some time for what comes next.

I almost laughed, but sorry. More details should be necessary. Node count, how many gigemeg blocks it handled consecutively.

The throughput in teranode represents an entire architectural shift away from monolithic nodes to horizontally scalable node farms that split up work. It's beyond core's wildest dreams. I don't suppose anyone I paying attention though. All asleep at the wheel as usual.

OK, why don’t you explain teranodes, and BSV’s architecture. There’s nothing there in your post, but this and that, and it will be “insanely great” like you’re Steve Jobs.

Surely I am the one learning a hard lesson for dumping all my BTC? Perhaps all my time is taken learning other things such that I haven't had time for that particular lesson.

Surely. In the end of everything the participants speak truly through the market.

[Wexlike]

Some miners seem to have some fun on the BTC S(hit)V(ersion) chain.

Yikes.

https://twitter.com/lucasnuzzi/status/1422637361138130944

[sgbett]

Today is a good day.