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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 1803514 times)
sidhujag
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June 12, 2015, 04:23:36 AM
 #26381

Lol suuure, there is a difference between talking about the future and creating the future, guess what Monero devs are doing?

I am not disparaging Monero (and if I am successful Monero will receive a significant use case because of my efforts, assuming Monero hasn't been subsumed by a BTC side chain). Rather I am suggesting they direct their energy to leveraging BTC instead of XMR side chains. I have a specific suggestion in mind in that regard, but that suggestion will be published with my other work (however it gets published and I hope asap).

I accede to the vaporware implication. I wanted to make some points about the overall economics, then of course it is time to shut up and implement. Before we implement, we should understand well where we are headed, so we don't waste effort.


So your design doesn't use a blockchain, strictly p2p? The Bitcoin ala BitTorrent?

No that isn't an accurate way to visualize it. But transactions don't have to be sent to the block chain. Will publish asap for peer review. Allow me a little bit of time to figure out how I can profit on my discovery while also releasing into open source and also maximizing the odds that I am not a target of retribution nor jealousy.
So I assume they are kept in a mempool as you have to relay the transactions.. How u build consensus I dunno look fwd on reading it.. But to reach 100k tps will still be tough regardless of implementation.
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TPTB_need_war
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June 12, 2015, 04:36:52 AM
 #26382

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.

muhrohmat
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June 12, 2015, 06:44:37 AM
 #26383

the fact that gold is getting down its a symptom of people getting less gold and more other forms of power and central nervous system digital goods and porbably the gold in the houses of people its getting directly to central banks even swiss and the prochase its less and even the need of material and non digital power

kazuki49
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June 12, 2015, 11:06:30 AM
 #26384

Casares is openly skeptical about the ongoing – and increasingly popular – blockchain tech trend, which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

"I think that most people who say that do not understand what they're talking about," said Casares, adding "I think that they are trying to be politically correct."

Back in the day, he explained, executives or business people were reluctant to go on-record to comment on the Internet's promise, in fear of any public backlash if it failed to succeed.

Traditional finance organisations, said Casares, do not want to say anything positive about bitcoin. Instead, they insist on using a very convoluted argument that praises blockchain tech, but dismisses the digital currency. "It's childish," he added.


http://www.coindesk.com/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/?utm_content=buffer60df4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Lol, don't cherry pick, heres a video with wonderful human beings exalting Bitcoin: https://www.youtube.com/watch?v=uKIvxHi8AkY

(ignore the anti-bitcoin ranting)
sidhujag
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June 12, 2015, 12:06:17 PM
 #26385

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.
There always is bottleneck as long as there is physics
cypherdoc
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June 12, 2015, 12:55:21 PM
 #26386

Amazingly good news if true:

Russia Expected to Legalize Bitcoin P2P Transactions

http://cointelegraph.com/news/114537/russia-expected-to-legalize-bitcoin-p2p-transactions?utm_content=buffer91808&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
cypherdoc
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June 12, 2015, 01:51:50 PM
 #26387

Yes, it's happening and wet now have a timeline:

http://reddit.com/r/Bitcoin/comments/39kdoq/for_every_complex_problem_there_is_an_answer_that/cs451gn
cypherdoc
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June 12, 2015, 02:47:55 PM
 #26388

short lived bounce over:

cypherdoc
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June 12, 2015, 02:50:08 PM
 #26389

oh my, that's just awful.  leading to the downside:

cypherdoc
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June 12, 2015, 03:20:13 PM
 #26390

$DXY looking very shaky.  remember, my theory is that both USD and UST's can't go up like last time in 2008.  there's been too much damage to credibility for that to happen in the next crisis.  of the 2, i guess it would be the USD to go down as everything has to be done to save the larger component of money, that of debt, or the UST.  and it's time to intervene in UST's if you look at the chart.  all printed USD needs to go to purchasing them.  which means, you know what, for Bitcoin:

cypherdoc
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June 12, 2015, 03:21:56 PM
 #26391

here's my UST representative, TLT.  you can see it's intervention time:

cypherdoc
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June 12, 2015, 03:23:12 PM
 #26392

IOW, this kinda stuff cannot be tolerated:

sidhujag
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June 12, 2015, 03:28:34 PM
 #26393

Nah they will prob raise rates before intervention. That will blow top off of stocks.
cypherdoc
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June 12, 2015, 03:33:46 PM
 #26394

Nah they will prob raise rates before intervention. That will blow top off of stocks.

into the teeth of a falling stock mkt and already rising rates to the tune of 43% off the bottom?  i don't think so.
cypherdoc
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June 12, 2015, 03:57:02 PM
 #26395

posturing bullish again:

sickpig
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June 12, 2015, 04:37:16 PM
 #26396

 https://twitter.com/jgarzik/status/609371913748529153

Making Decentralized Economic Policy
BIP 100 ­ Theory and Discussion, v0.3 ­ draft
Jeff Garzik <jgarzik@gmail.com>

a.k.a.

Another proposal to scale up bitcoin removing the max block size limit

Protocol changes proposed:

Hard fork to remove 1MB block size limit.
Simultaneously, add a new soft fork limit of 2MB.
Schedule the hard fork on testnet for September 1, 2015.
Schedule the hard fork on bitcoin main chain for December 11, 2015.
Default miner block size becomes 1MB (easily changeable by miner at any time, as today).
Changing the 2MB limit is accomplished in a manner similar to BIP 34, a one­way lock­in upgrade with a 12,000 block (3 month) threshold.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
sidhujag
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June 12, 2015, 04:50:14 PM
 #26397

Nah they will prob raise rates before intervention. That will blow top off of stocks.

into the teeth of a falling stock mkt and already rising rates to the tune of 43% off the bottom?  i don't think so.

Rising rates is bullish for stocks(the one that is coming up soon)... chinese market taking a dip, euro in turmoil from greece: money looking for a home part 2.
tvbcof
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June 12, 2015, 04:54:39 PM
 #26398

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.

There always is bottleneck as long as there is physics

I thought about commenting that the statement smacked of a limitation in theory more so than to a robustness in implementation (however gestational it might be), but it wasn't worth the few seconds to peck it out on the keyboard.  Also, of course, Anonymint doesn't need the extra temptation to engauge on the forum with all the medical problems and important coding work he's got going.


sidhujag
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June 12, 2015, 04:56:08 PM
 #26399

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.

There always is bottleneck as long as there is physics

I thought about commenting that the statement smacked of a limitation in theory more so than to a robustness in implementation (however gestational it might be), but it wasn't worth the few seconds to peck it out on the keyboard.  Also, of course, Anonymint doesn't need the extra temptation to engauge on the forum with all the medical problems and important coding work he's got going.


+5
Adrian-x
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June 12, 2015, 05:10:27 PM
 #26400

Casares is openly skeptical about the ongoing – and increasingly popular – blockchain tech trend, which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

"I think that most people who say that do not understand what they're talking about," said Casares, adding "I think that they are trying to be politically correct."

Back in the day, he explained, executives or business people were reluctant to go on-record to comment on the Internet's promise, in fear of any public backlash if it failed to succeed.

Traditional finance organisations, said Casares, do not want to say anything positive about bitcoin. Instead, they insist on using a very convoluted argument that praises blockchain tech, but dismisses the digital currency. "It's childish," he added.


http://www.coindesk.com/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/?utm_content=buffer60df4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Lol, don't cherry pick, heres a video with wonderful human beings exalting Bitcoin: https://www.youtube.com/watch?v=uKIvxHi8AkY

(ignore the anti-bitcoin ranting)

Thanks for the video that group of globalists divide into 3 categories, those invested in exploiting the Bitcoin blockchain but not invested in bitcoin the currency, those who see change, disruption coming, and those who have invested in bitcoin.

As for the quote referenced above blockstream have provided a roadmap to separating the value in bitcoin the currency from Bitcoin the blockchain. I take many of them seriously, and more of them with a pinch of salt as most don't know the difference.  

It's mostly us who refuse to see what the blockchain but not the currency folks see.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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