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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805879 times)
NotLambchop
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January 31, 2015, 06:59:44 PM
 #20901

...
I imagine people were saying the same about the internet back in 1993.

The Pets.com/Web TV analogy again.  Don't you ever get bored?

@hdbuck:
>for once



Always.  Each and every time Smiley
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brg444
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Bitcoin replaces central, not commercial, banks


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January 31, 2015, 07:05:14 PM
 #20902

...
I imagine people were saying the same about the internet back in 1993.

The Pets.com/Web TV analogy again.  Don't you ever get bored?

@hdbuck:
>for once

Always.  Each and every time Smiley

Absolutely not, it is always fascinating to see the stupidity you can come up with when trying to disprove the analogy.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
NotLambchop
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January 31, 2015, 07:11:08 PM
 #20903

...when trying to disprove the analogy.



Disprove the analogy...  You've clearly been to colleges Cheesy
BlindMayorBitcorn
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January 31, 2015, 07:43:29 PM
 #20904

...
I imagine people were saying the same about the internet back in 1993.

The Pets.com/Web TV analogy again.  Don't you ever get bored?

@hdbuck:
>for once



Always.  Each and every time Smiley

Wowow. You've moved on to the top tier to troll the die-hards? Shocked

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
NotHatinJustTrollin
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January 31, 2015, 07:44:46 PM
 #20905

1. Come up with a piece of technology you can invest in.
2. try to convince everyone to put money in it.
3. Claim that the heretics who have doubts about it simply don't understand it. Tell them that some folks had doubts about the internet back in its early days too.
4. ? ? ? ? ?
5. Profit!
brg444
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Bitcoin replaces central, not commercial, banks


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January 31, 2015, 07:46:55 PM
 #20906

1. Come up with a piece of technology you can invest in.
2. try to convince everyone to put money in it.
3. Claim that the heretics who have doubts about it simply don't understand it. Tell them that some folks had doubts about the internet back in its early days too.
4. ? ? ? ? ?
5. Profit!

Yes!  Smiley

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Dread Pirate Roberts
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Focus Bitcoin Trader . Wait and Get it out


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January 31, 2015, 07:48:23 PM
 #20907

4 pools owning around 51% of the hashing power.

"Further decentralization"? lol
i think they grow as fast . makes market have some chance
rates

MONEY ON MY MIND 16 march
NotLambchop
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January 31, 2015, 08:01:14 PM
 #20908

...
Wowow. You've moved on to the top tier to troll educate the die-hards? Shocked

Yeah, hopeless & ungrateful, but they're my cross to bear.  Also FTFY.
tabnloz
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January 31, 2015, 08:02:50 PM
 #20909

3. No, there is plenty of debate regarding bitcoins flaws / doubts. Plenty of agree to disagrees. Jesus, it involves economic theory, ideology, computer security etc it is a lot more volatile and complicated than just "simply don't understand it". Sidechains, block sizes, mining centralization etc etc

It's the condescending nature of some trolls (NLC), three word slogans (cut your loose, bitcoin is dying) and repetitive topics (no one is using it, there's no demand, get out now, bitcoin is dead) that shit me (same goes with the To The Moon / $100000000 per coin crowd, we're goin up)

You & your sock puppets are just like dust transactions, bloating the forum.
HeliKopterBen
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January 31, 2015, 08:13:40 PM
 #20910

...
I imagine people were saying the same about the internet back in 1993.

The Pets.com/Web TV analogy again.  Don't you ever get bored?

@hdbuck:
>for once



Always.  Each and every time Smiley

Wowow. You've moved on to the top tier to troll the die-hards? Shocked

Yep.  We have got to be fairly close to another bottom.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
600watt
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January 31, 2015, 08:39:06 PM
 #20911

f t t

fuck em really hard
marcus_of_augustus
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January 31, 2015, 09:41:34 PM
 #20912

trolls can relax, scaling is a solved problem, and has been since mid-2011. Implementations are now coming into public domain, just as the market demand arises.

Off-chain payment channels, incl. blinded hub-spoke, are an elegant, cheap, fast, privacy-enhancing mechanism that has as good security as full btc TX by essentially aggregating many TX into a single daily/weekly/monthly on-chain settlement TX.

Side-chains are a side-show that wont be effective for regular TX (too complicated), maybe useful for more exotic derivatives, smart contracts, stock-trading, bonds and etc, but do not let them be a distraction in the scaling 'debate' (which is over now in knowledgeable circles).

semaforo
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January 31, 2015, 11:12:03 PM
 #20913

Overall, the people explaining why different issues there appear to be with the bitcoin protocol seem to be a lot smarter than the trolls criticizing it, and their explanations are a lot more in depth. I think this bodes well for the long term viability. It's important to look for each persons agenda when reading commwntary . The beat voices to listen to are those that are genuinely excited and interested in getting to the truth.
justusranvier
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February 01, 2015, 01:06:43 AM
 #20914

Nice to see this thread merits the attention of the professional trolls.

Cypherdoc must be doing something right.
sgbett
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February 01, 2015, 01:20:07 AM
 #20915

3. No, there is plenty of debate regarding bitcoins flaws / doubts. Plenty of agree to disagrees. Jesus, it involves economic theory, ideology, computer security etc it is a lot more volatile and complicated than just "simply don't understand it". Sidechains, block sizes, mining centralization etc etc

It's the condescending nature of some trolls (NLC), three word slogans (cut your loose, bitcoin is dying) and repetitive topics (no one is using it, there's no demand, get out now, bitcoin is dead) that shit me (same goes with the To The Moon / $100000000 per coin crowd, we're goin up)

You & your sock puppets are just like dust transactions, bloating the forum.

solid post. I'm guilty of the odd "what if it goes to a million" type post, but I'm generally speculating about how that manifests itself and what it means in a sense of bitcoin's place in the world. I usually always try to balance it with a "bitcoin could go to zero" caveat.

What you say is right though, what may happen is so complex that none can possible predict with any surety. Dust transactions, great analogy.

http://haschinabannedbitcoin.com
Full Node: http://46.51.193.129 (BU)
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
Zarathustra
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February 01, 2015, 07:20:48 AM
 #20916

"Gold collapsing.  Bitcoin UP"

I LOL everytime.

Collapsing in waves.


"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
Grand_Voyageur
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February 01, 2015, 08:21:39 AM
 #20917

Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.

And when private enterprise attempts to create jobs, it is met with protests and arson.

http://www.businessinsider.com/demonstrators-protest-greek-gold-mine-2013-11



That truck is a metaphor for the entire country.  They made their socialist hellhole, and now they can burn in it.

Did these idiots forget that without the Athenian silver mines they'd all be speaking Persian?

Good triremes weren't cheap, and neither are F-16s.

Greece biggest challenge is to efficently collect taxes, actually the country has a 25% shadow sector in their economy. Also, the country still see Turkey as an existential threat hence the need for one o the most capable air force in Europe. Without them nor social security nor defence spending is possible.
Quote
It is only a question of when, not if, the Europeans pull the plug on Athens — which most likely will be at the first opportunity, when Greece does not present a systemic risk to the rest of Europe.
As a Stratfor geopolitical analysis put it: "Succeeding in maintaining control of the Aegean, Greece's most important imperative, in the face of regional opposition is simply impossible without an outside patron." So, Greece is whether it will be able to accept its much-reduced geopolitical role? The country would be able to reach an understanding with Turkey even if this means becoming subordinate to its neighbour?

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NotLambchop
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February 02, 2015, 06:19:51 PM
 #20918

...scaling is a solved problem, and has been since mid-2011. Implementations are now coming into public domain, just as the market demand arises.
...

Aha.

https://www.reddit.com/r/Bitcoin/comments/2t7e11/justus_ranviereconomic_fallacies_and_the_block/
Justus Ranvier--Economic Fallacies and the Block Size Limit, part 1: Scarcity by xcslerin Bitcoin

[–]theymos 6 points 11 days ago*
There's a hard protocol rule called the max block size which limits the number of network-wide transactions to a few transactions per second. The actual number of transactions per second depends on the size of the transactions, which varies. Removing or increasing this limit would require everyone who runs their own Bitcoin wallet to upgrade their wallet software. A change to the Bitcoin network which requires everyone to upgrade is called a hard fork.
Such a small limit on the network's capacity is obviously undesirable, and many people are a bit horrified that the Bitcoin network is limited in this a way when they first learn about it. The naïve response is to just completely remove this limit, which seems at first glance to be an utterly pointless restriction on Bitcoin's scalability. (Some well-informed people also hold this view and have reasonable arguments.) However, many Bitcoin experts believe that completely removing the limit is fairly likely to cause Bitcoin to become highly centralized, or become too weak against mining-based attacks, or be destroyed entirely. But even if Bitcoin can't handle as many transactions as we'd all like, that doesn't mean that Bitcoin is useless: there are several well-explored but not-yet-implemented ideas for using Bitcoin securely, cheaply, and easily without creating "actual" Bitcoin transactions.
I might try writing an easier-to-understand but still fairly complete and accurate summary of the issue, but that'll take several hours, and I don't have time right now. Until then, here's a propaganda video from someone who supports keeping the max block size at its current level for the foreseeable future, which is not what I support. The video also contains some exaggerated/controversial statements. But it's probably still an OK video for getting the basic idea.
inca
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February 02, 2015, 07:12:25 PM
 #20919

I am somewhat surprised Cypherdoc allows obvious trolls to post on this thread.

It may well be the last vestige of intelligent conversation within the fora. What a great shame it would be for this thread to be derailed down to the depths like the rest of the forum!
NotHatinJustTrollin
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February 02, 2015, 07:20:28 PM
 #20920

"Gold collapsing.  Bitcoin UP"

I LOL everytime.

Collapsing in waves.


That chart sure looks pretty, but you should post a linear one, which shows a different picture  Smiley

Everything that started at near zero and had fluctuations when it wasn't worth much and was eventually pumped way higher will have a similar chart in logarithmic scale.

Price could go at double or single digits and still look like a decent uptrend in the chart you posted for someone who can't read a logarithmic chart like it's supposed to. You are saying there is nothing to worry if it even goes to double or single digits?  Smiley
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