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Poll
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 1808591 times)
TPTB_need_war
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June 22, 2015, 08:38:21 PM
 #27141

Someone disputed that and pointed out that desktop performance had in fact increased by 2-3x. Now 2-3x is great but it isn't 8x or 20x, and that sort of data doesn't lend a lot of support for 1000x in 15 years either.

Oh but smooth, please don't fret, the Lily pond is only 50% covered. The fish can still breath. Monoculture is not imminent. We can justus adjustus later.

(the lies our grandmothers never taught us)



Here's a working title: Anonymint's pedantic pontifications.

Breathing is I admit quite the pedantic sort.

The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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cypherdoc
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June 22, 2015, 08:42:34 PM
 #27142

hmm, spam's back:

cypherdoc
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June 22, 2015, 08:43:57 PM
 #27143

cypherdoc
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June 22, 2015, 08:51:32 PM
 #27144

Zarathustra
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June 22, 2015, 08:54:46 PM
 #27145


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?

"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."
cypherdoc
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June 22, 2015, 08:56:33 PM
 #27146

still <1GB of RAM + swap used:

TPTB_need_war
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June 22, 2015, 09:08:34 PM
 #27147


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

Quote
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
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June 22, 2015, 09:14:19 PM
 #27148

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

TPTB_need_war
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June 22, 2015, 09:18:00 PM
 #27149

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
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June 22, 2015, 09:31:13 PM
 #27150

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

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

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
chriswilmer
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June 22, 2015, 09:46:49 PM
 #27151

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

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

Hmm... wonder why.
Adrian-x
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June 22, 2015, 09:56:22 PM
 #27152

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.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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June 22, 2015, 10:00:36 PM
 #27153


1SochiWwFFySPjQoi2biVftXn8NRPCSQC

has history of this last year Feb
cypherdoc
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June 22, 2015, 10:09:29 PM
 #27154

network is keeping up with unconf tx's not too bad at 7500
cypherdoc
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June 22, 2015, 10:11:21 PM
 #27155

my nodes having no trouble keeping up with memory and no signs of crashing.
justusranvier
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June 22, 2015, 10:12:33 PM
 #27156

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
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June 22, 2015, 10:14:02 PM
 #27157

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
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June 22, 2015, 10:14:51 PM
 #27158

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
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June 22, 2015, 10:16:03 PM
 #27159

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
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June 22, 2015, 10:50:27 PM
 #27160

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.
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