Gold collapsing. Bitcoin UP.

[cypherdoc]

still <1GB of RAM + swap used:

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[TPTB_need_war]

yes, there is no NWO or mass conspiracy.  banksters can't trust each other:

http://www.financemagnates.com/cryptocurrency/innovation/safello-and-barclays-partner-on-poc-bitcoin-payments-for-donations/

Financial institutions can't trust each other perhaps. They are not the "banksters" if by that you mean the global elite helping to manage our self-chosen, NWO-directed path.

Until you understand who is the DEEP STATE and the way they are positioned in the establishment, you are hopelessly lost.

Skulls and Clowns?

Haha. Good one. It is quite the alibi.

One of the main methods the DEEP STATE employs to control these clowns is encouraging to make themselves assailable via blackmail.

http://armstrongeconomics.com/archives/17326

The rumor about Lindsey on the Hill is he is gay, flies to Paris even once a month, and he was blackmailed to introduce that bill. Every person who has introduced these draconian bills is vulnerable. You do not need to look at private groups.

[cypherdoc]

note the 2 defensive blocks of 1 tx each mined by F2pool:

[TPTB_need_war]

you know, you two should just move here and stay here.  then you can circle jerk one another.

you were made for each other.

Except that the poll on your thread shows that 24% of the voters want to hear the other side.

If you want a thread with no opposition, then (praying to Gavinmike) justus institute your NWO dictatorship already with exponential scaling to the moon, pluto, uranus and beyond your State-required colon(oscopy)...

Luckily the ObummerCure-prerequisite lobotomy was already in place so the pain of taking the blue pill is avoided.

[Peter R]

F2Pool just published a block that contains a lot of UTXO dust spam:

https://blockchain.info/block/00000000000000000b2383470df04eaa7053c3171902a43ad8a67ae3bc594ca6

[chriswilmer]

F2Pool just published a block that contains a lot of UTXO dust spam:

https://blockchain.info/block/00000000000000000b2383470df04eaa7053c3171902a43ad8a67ae3bc594ca6

Hmm... wonder why.

[Adrian-x]

Subsidies are great if you want to get applicants who qualify, It should be called a subsidiary not a reward for good reason, the problem is there are developers who feel the economics are wrong and Bitcoin needs to be fixed, I may not be able to express why but to my understanding the mechanism seems well balanced and considered in my view, the onus is on the people who have a problem with how Bitcoin works to prove its broken, and build a better mousetrap not change this one.

My position is that it would be great if we could have started Bitcoin up without a block subsidy, but since the currency has to be issued via some method, and since the only way to produce a truly optimal initial distribution would require an entity that was both omnipotent and omniscient, issuing the currency via block subsidy spread out over time is the least terrible way to do it.

It's in my queue of articles that need to be written.

I think it was 100% necessary to get it going, but just thinking about the 50% cut every 4 years that's like quitting hard drugs cold turkey, it not like any business invests in new infrastructure with a guaranteed 50% cut in income is a great business to get into even if you can price it in.

to be honest I was even a little apprehensive at the first halving, I thought it would be too much of a shock, I kept mining only because the price went up, all in all there are lots of well balanced incentives and while I've fantasized how my ideal alt would work I learn why something is the way it is.

[cypherdoc]

F2Pool just published a block that contains a lot of UTXO dust spam:

https://blockchain.info/block/00000000000000000b2383470df04eaa7053c3171902a43ad8a67ae3bc594ca6

Hmm... wonder why.

1SochiWwFFySPjQoi2biVftXn8NRPCSQC

has history of this last year Feb

[cypherdoc]

network is keeping up with unconf tx's not too bad at 7500

[cypherdoc]

my nodes having no trouble keeping up with memory and no signs of crashing.

[justusranvier]

I think it was 100% necessary to get it going, but just thinking about the 50% cut every 4 years that's like quitting hard drugs cold turkey, it not like any business invests in new infrastructure with a guaranteed 50% cut in income is a great business to get into even if you can price it in.

to be honest I was even a little apprehensive at the first halving, I thought it would be too much of a shock, I kept mining only because the price went up, all in all there are lots of well balanced incentives and while I've fantasized how my ideal alt would work I learn why something is the way it is.

If I thought it was worth going through the argument, I'd be in favor of a protocol change to make the block reward shrink a little bit each block instead of suddenly dropping by half every four years.

Really though it's only the first 3-4 block reward halvings that we need to worry about. After that it should be small enough to not matter any more.

[Odalv]

Only full nodes need to verify everything.  Not every user needs to run a full node.  

Why do so many people equate users with full nodes?

b/c you will not know if last 5(or 100) full nodes are cheating. ... you will have to trust them blindly like a sheep. :-)

It is easy to do not verify if you know that everybody can verify.

but .... if only "few" people have resources to verify ... and even less will spend(risk) resources to verify then who knows if blockchain is still valid ?

If you are pool miner who only create hashes and is not verifying blocks then cartel of pool owner can create bitcoins out of thin air. (and nobody will notice until it is late)

[TPTB_need_war]

Cyführer,

My dedication to you(r) high(ney)ness...

https://www.youtube.com/watch?v=tAhp17Mp7Xs

The key distinction between wannabes and the real deal is the latter make it appear to be effortless and the former believe it is...

https://www.youtube.com/watch?v=PH8nTfxwByY

https://www.youtube.com/watch?v=x7-bI8dj_sk

https://www.youtube.com/watch?v=A9ZaudNTSeQ

[Odalv]

my nodes having no trouble keeping up with memory and no signs of crashing.

increase load 20x and you will see what is chaos.

edit:
it is 1 MB block size limit what keeps your nodes happy. :-)

[Erdogan]

my nodes having no trouble keeping up with memory and no signs of crashing.

increase load 20x and you will see what is chaos.

edit:
it is 1 MB block size limit what keeps your nodes happy. :-)

Yes, the test demonstrates, if anything, that hell does not break lose when transaction pressure exceeds the limit. So it is not critical that the increase happens at any specific point. What we still don't know, is what happens when real people really want transactions to go through, and when the pressure keeps up over weeks. I think there is time to do it calmly.

[Odalv]

my nodes having no trouble keeping up with memory and no signs of crashing.

increase load 20x and you will see what is chaos.

edit:
it is 1 MB block size limit what keeps your nodes happy. :-)

Yes, the test demonstrates, if anything, that hell does not break lose when transaction pressure exceeds the limit. So it is not critical that the increase happens at any specific point. What we still don't know, is what happens when real people really want transactions to go through, and when the pressure keeps up over weeks. I think there is time to do it calmly.

This test demonstrates that cypherdoc's resources are at 25-45% of its capacity. And if we increase block size 8x then he can process only 2-4 MB blocks and his nodes will collapse.

[TPTB_need_war]

my nodes

The vested interest.

This is why I hate PoW mining as an economically significant paradigm.

ASIC hardware can't be repurposed.

I designed a far superior ASIC-resistant hash (meaning leverage the ASIC inside the CPU) than Monero's but I was still reticent because it is not sufficient to deal with that paradigmatic flaw, but then suddenly ugghh the epiphany and the rest is history waiting to be made.

[cypherdoc]

my nodes having no trouble keeping up with memory and no signs of crashing.

increase load 20x and you will see what is chaos.

edit:
it is 1 MB block size limit what keeps your nodes happy. :-)

Yes, the test demonstrates, if anything, that hell does not break lose when transaction pressure exceeds the limit. So it is not critical that the increase happens at any specific point. What we still don't know, is what happens when real people really want transactions to go through, and when the pressure keeps up over weeks. I think there is time to do it calmly.

This test demonstrates that cypherdoc's resources are at 25-45% of its capacity. And if we increase block size 8x then he can process only 2-4 MB blocks and his nodes will collapse.

nobody is expecting to not have to increase their full node capacity upon 8MB block sizes.  that's the price to pay to bring in new users.  as new users come in, more merchants will be born and host their own full nodes.   that's what we have been talking about as the network moves to more specialized full nodes.

[cypherdoc]

unconf tx's are still only at 6400

[cypherdoc]

fee rate dropping again: