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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?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010827 times)
TPTB_need_war
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June 09, 2015, 03:11:43 AM
 #26121

Looking forward to a 'Monero'-like ring signature sidechain and Lightning network sidechain as first working demonstrations for the force of the distributed sidechain solution of self-similar networks operating concomitantly at multiple scales transferring value effortlessly up and down the wealth cascade.

Shit this is too important to ignore. Actually I had been thinking this out over the past days.

Subsumption of all altcoin advantages into pegged Bitcoin side chains is a very powerful threat to avoiding NWO dominance.

At the end game, TPTB push all their zombies that use Coinbase, Circle, Paypal, Facebook, etc into a pegged side chain which is a centralized ledger with world bank control over the debasement rate. MP's defense plan is destroyed by the pegging.

Monero has no technological disruption scaling advantages over Bitcoin in terms of mining, thus subsumption into a pegged Bitcoin side chain is imminent. Whereas a coin with scalable mining AND protections against implemention of pegged side chains (if that is possible, on my todo list to research the Blockstream whitepaper federation proposal) would not be implemented as a pegged Bitcoin side chain without losing the protection. Thus such a coin would garnish support from all those who want to resist the NWO outcome. Or they buy the pegged side chain version, because unlike other pegged side chains which can't resist 50% attack, such a side chain could survive alongside the cabal NWO side chain. However they may not be inclined to invest in the pegged side chain version of such a coin design, because they lose the upside ROI of such a novel design. Thus I am fairly confident that I possess the killer design which resists this subsumption. Blockstream is attempting to destroy the economics of altcoin, but I have an ace up my sleeve.

That in a nutshell is how this battle is going to play out. You read it first here. Don't forget who told you first.

The wildcard is if GavinCoin proceeds and there is a war now against MP et al. That might open a (probably short-term) window for Monero.

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

Sorry but the zombie masses who will use Circle, Coinbase, Paypal, Facebook, 21 Inc devices, etc.. won't care when their coins are processed in a centralized pegged side chain (with large blocks).

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cypherdoc
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June 09, 2015, 03:12:44 AM
 #26122

Dawn raid RPG incoming.

Sidechains ... coming up next!! exciting times!

http://www.coindesk.com/blockstream-open-source-code-sidechains/

Open source, "nothing up my sleeve", genuine article, don't settle for fake 'solutions' (xt) with hidden agendas.

We won't need tptb to continue the trainwreck from here, the SC buzz will send frappe.doc over the edge.
 
Looking forward to a 'Monero'-like ring signature sidechain and Lightning network sidechain as first working demonstrations for the force of the distributed sidechain solution of self-similar networks operating concomitantly at multiple scales transferring value effortlessly up and down the wealth cascade.

well now we know why the Blockstream cabal has been stalling.  despite denying that scaling was to be a selling point.  sounds like they're selling it hard now:

"The project has been heralded as a potential solution to bitcoin's perceived scalability issues for its attempt to enable experimentation on bitcoin's code."

sounds like they're selling out to banks just as we warned:

"He cited banks in particular as one group of interested parties, which he noted are interested in the ability to issue and distribute assets on the blockchain, as well as provide infrastructure for what Back called “new kinds of markets”.
iCEBREAKER
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June 09, 2015, 03:13:52 AM
 #26123

Dawn raid RPG incoming.

Sidechains ... coming up next!! exciting times!

http://www.coindesk.com/blockstream-open-source-code-sidechains/

Open source, "nothing up my sleeve", genuine article, don't settle for fake 'solutions' (xt) with hidden agendas.

We won't need tptb to continue the trainwreck from here, the SC buzz will send frappe.doc over the edge.
 
Looking forward to a 'Monero'-like ring signature sidechain and Lightning network sidechain as first working demonstrations for the force of the distributed sidechain solution of self-similar networks operating concomitantly at multiple scales transferring value effortlessly up and down the wealth cascade.

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB


 Roll Eyes
 Grin


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
justusranvier
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June 09, 2015, 03:17:18 AM
 #26124

So they were lying?

I'm shocked.
cypherdoc
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June 09, 2015, 03:19:55 AM
 #26125

Dawn raid RPG incoming.

Sidechains ... coming up next!! exciting times!

http://www.coindesk.com/blockstream-open-source-code-sidechains/

Open source, "nothing up my sleeve", genuine article, don't settle for fake 'solutions' (xt) with hidden agendas.

We won't need tptb to continue the trainwreck from here, the SC buzz will send frappe.doc over the edge.
 
Looking forward to a 'Monero'-like ring signature sidechain and Lightning network sidechain as first working demonstrations for the force of the distributed sidechain solution of self-similar networks operating concomitantly at multiple scales transferring value effortlessly up and down the wealth cascade.

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB


 Roll Eyes
 Grin

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.
marcus_of_augustus
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June 09, 2015, 03:22:13 AM
 #26126

Quote
"The project has been heralded as a potential solution to bitcoin's perceived scalability issues for its attempt to enable experimentation on bitcoin's code."

This was the reporter's quote. Your willingness to attribute words to mouths as and when it suits your agenda is particularly disturbing for a man sworn to the Hippocratic Oath.

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June 09, 2015, 03:28:27 AM
 #26127

Quote
in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.
   

bitcoin will get larger blocks, just not now, "not tonight dear" ... sidechains are inevitable because they are a logical evolution of the technology (if you study self-similar network properties arising from the emergent behaviours due to self-interested individual elements you will know this), with or without blockstream (i'm picking with at this point in time).

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June 09, 2015, 03:28:35 AM
 #26128

Quote
"The project has been heralded as a potential solution to bitcoin's perceived scalability issues for its attempt to enable experimentation on bitcoin's code."

This was the reporter's quote. Your willingness to attribute words to mouths as and when it suits your agenda is particularly disturbing for a man sworn to the Hippocratic Oath.

stop with the toxic bullshit marcus.  this has nothing to do with the Hippocratic Oath as much as you'd like to twist it to be.

what's more serious is are you accusing the reporter of being inaccurate?  on what basis?
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June 09, 2015, 03:31:41 AM
 #26129


in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

Why are you so sure?
tvbcof
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June 09, 2015, 03:34:14 AM
 #26130

...
At the end game, TPTB push all their zombies that use Coinbase, Circle, Paypal, Facebook, etc into a pegged side chain which is a centralized ledger with world bank control over the debasement rate. MP's defense plan is destroyed by the pegging.
...

Bitcoin as a backing for sidechains is eminently compatible with Bitcoin as MP's personal wealth playground.

I dunno if MP is a fraction of the Mr. Big that he and his minions proclaim but I suspect there is at least something to the assertion.  Certainly they are active and certainly they are among the most technically competent and economically literate of the ecosystem participants.

Last time I was paying much attention (early 2015 iirc) MP's seemed fairly allergic to the idea of the masses benefiting by Bitcoin and to the extent that they might by using a Bitcoin-backed sidechain and he seemed to have some resistance for that reason.  I wrote it off to his psychological need to broadly advertise himself as the worlds biggest prick.  I suspect that this need will take a second seat to his recognition that sidechains working as advertised give him vastly more power than vanilla Bitcoin alone.  One way or another, Hearn's fork is a genuine threat to him (and humanity) and something worth fighting off with as much energy, cost, and collateral damage as necessary.


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June 09, 2015, 03:36:45 AM
 #26131

Moar SideChains buzz! ... sounds like some homomorphic encryption ideas (blinded transaction amounts with verifiable crypto proofs) have been implemented in Elements .. wowsers. This is innovation.

https://s3-us-west-1.amazonaws.com/blkstrm/video/elements-gmaxwell.mp4

iCEBREAKER
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June 09, 2015, 03:38:56 AM
 #26132

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB


in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

According to MPEX, who has veto power in the form of his GavinCoin short, "Bitcoin with larger blocks" is not Bitcoin.

With sidechains now live on testnet, XT ain't gonna happen.  Support for larger blocks among the redditards will taper off as they are distracted by Blockstream's shiny new Thing, especially if the price begins to recover upward momentum.

We will see if your prediction that quasi-permanent 1MB blocks and sidechains will DOOOM BTC turns out to be true, because that's the path we're going down.  Good thing I have silver and XMR hedges in place to compensate for such a scenario.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
TPTB_need_war
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June 09, 2015, 03:39:05 AM
 #26133

...
At the end game, TPTB push all their zombies that use Coinbase, Circle, Paypal, Facebook, etc into a pegged side chain which is a centralized ledger with world bank control over the debasement rate. MP's defense plan is destroyed by the pegging.
...

Bitcoin as a backing for sidechains is eminently compatible with Bitcoin as MP's personal wealth playground.

So you are implicitly asserting he will agree to lose the decentralized, pseudonymous characteristic of Bitcoin? Because once the masses are on a pegged side chain with mandatory KYC, the miniscule minority Core chain can be 50% attacked to force it to have the KYC attribute (which means it is also effectively centralized).

Come on now, haven't you seen where this has all been headed?

MP may be a disinformation agent too. Anything is possible. His public role is the Hegelian dialectic employed by TPTB.

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June 09, 2015, 03:45:38 AM
 #26134

Moar SideChains buzz! ... sounds like some homomorphic encryption ideas (blinded transaction amounts with verifiable crypto proofs) have been implemented in Elements .. wowsers. This is innovation.

https://s3-us-west-1.amazonaws.com/blkstrm/video/elements-gmaxwell.mp4

should we be concerned?  not that i don't trust you or anything  Tongue

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June 09, 2015, 03:47:50 AM
 #26135

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB


in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

According to MPEX, who has veto power in the form of his GavinCoin short, "Bitcoin with larger blocks" is not Bitcoin.

With sidechains now live on testnet, XT ain't gonna happen.  Support for larger blocks among the redditards will taper off as they are distracted by Blockstream's shiny new Thing, especially if the price begins to recover upward momentum.

We will see if your prediction that quasi-permanent 1MB blocks and sidechains will DOOOM BTC turns out to be true, because that's the path we're going down.  Good thing I have silver and XMR hedges in place to compensate for such a scenario.

there are those of us who can do anything MPEX can do.

maybe more. 
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June 09, 2015, 03:51:02 AM
 #26136

Quote
in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.
   

bitcoin will get larger blocks, just not now, "not tonight dear" ... sidechains are inevitable because they are a logical evolution of the technology

Good one MOA.   Cheesy



Adam Back is the real Doctor of Cyphers.  And Nick Szabo has forgotten more about tech, gold, and economics than OP will ever learn.

OP is just a "Faster, please" gadfly opinionating from the code-free comfort of his armchair.

Not that there's anything wrong with that.   Embarrassed


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
TPTB_need_war
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June 09, 2015, 04:02:12 AM
 #26137

Or they buy the pegged side chain version, because unlike other pegged side chains which can't resist 50% attack, such a side chain could survive alongside the cabal NWO side chain. However they may not be inclined to invest in the pegged side chain version of such a coin design, because they lose the upside ROI of such a novel design.

Blockstream is killing altcoin economics, because Bitcoin users will be inclined to prefer the pegged side chain version over the altcoin so they don't have to deal with volatility in their Bitcoin unit-of-account.

However, if there are out-of-band applications of the altcoin which refuse BTC for ideological reasons (knowing that the ultimate outcome of Bitcoin is to move all zombie masses onto a centralized ledger KYC pegged side chain), then those users who want that out-of-band application will not invest in the pegged side chain version and instead will invest in the altcoin.

The point is that users who want anonymity will congregate away from Bitcoin. But Monero can be 50% attacked and it lacks this out-of-band application I have in mind (and couldn't support it without changes to the mining algorithm). If there is a pegged side chain with all of Monero's attributes, then I no longer need to hold XMR and instead will be holding BTC in addition to my coin.

I made an entire thread on this out-of-band application, but readers appear to be oblivious.

Monero folk will tell you we need more anonymity.  ...  that's enough anonymity for the ordinary user not doing anything wrong.

That is not enough anonymity for those with wealth who will be expropriated by the coming global contagion collapse of socialism. And that is key point! You've entirely missed the boat on this one. You are siding with the zombie masses who will vote for expropriation and unwittingly their own collapse.

So at this time it's Bitcoin hat has the most utility, alts aren't a threat, there will be hacks that can leverage that network, there will be investment opportunities and price growth in alts but for now as I see it

Until there is something that Bitcoin can't do and where BTC is not accepted because Bitcoin is a sly, imminent KYC expropriation paradigm. So now you know how such a coin will be marketed. Prepare your counter-arguments.

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June 09, 2015, 04:22:12 AM
 #26138

did you choose to ignore the comment TPTB_need_war made to me immediately after you doxxed me yesterday?  about coming up to my town and starting a physical fight?

I knew he was preparing a case against me.

What I wrote is I'd like for you to do some sport with me. Comparing the talent of your claimed black belt to my hobbiest messing around with boxing. I specifically wrote "for sport of course" and "inside the ring" meaning an agreed upon match.

Because you are one of those guys who brags about things but I'd like to see if you can actually put up when I shut you up. You backed away from the challenge as the weasel coward you appear to be. Why are you bragging about being a black belt on your bio if don't like a sport challenge? If you are truly a black belt, then you should be able to destroy a boxer. You see, I think all those titles are bullshit. There is a big difference between talents of people who claim be a "black belt". And I think you can be smothered and overpowered easily because you look feminine in your photo and you act feminine in your postings.

I also said that I grew up in and around your town. So isn't just "your town".

And if you've been put at risk of physical harm because some people who were defrauded by HashFast would like to break your legs (I wasn't one of their victims), then whose fault is that? Surely you are smart enough to have deduced the risks of what you were promoting at great 3000 BTC profit to yourself.

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June 09, 2015, 04:37:15 AM
 #26139

If it is any consolation the boys wanting to play with their big blocks XT toy will be able to run it as a Sidechain, in a sandbox, keeping the mess to a minimum. And we can all learn valuable things for when bigger blocks make sense.

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June 09, 2015, 04:39:11 AM
 #26140

OTOH, this could be as well achieved by adding PM in your portfolio. But that's not our subject.

Surely you recognize the great disadvantages of gold as I explained upthread? No one could refute my question about who they will sell their gold to when all the gold dealers have been shut down as they are now in France, and recently extending to Belgium, etc..

There is no economy-of-scale in trading gold. But crypto trades at a distance and (not for Bitcoin) anonymously, thus economies-of-scale are easily attained.

It is no contest. Gold is dead forever. Fuhgeddaboudit.

FWIW, I agree that anonymity can be achieved -under certain circumstances- with BTC but, let me add, this is possible also by using almost any means of transaction. If one wants to be anonymous, he will do what's necessary to achieve so.

When the mining refuses transactions without KYC, then you will not be anonymous in Bitcoin. I have already explained how this will come about over time.

You are digging your expropriation grave with Bitcoin.

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