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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 2010319 times)
Grand_Voyageur
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June 26, 2015, 04:13:20 AM
 #27481

this is interesting.

maybe a job for 21 Inc's embedded chips for negotiating right of way:

http://www.businessinsider.com/r-two-rival-self-driving-cars-have-close-call-in-california-2015-6

It made me think if any of this rival groups gave a thought to common interoperability concepts before. A 2 way data communication to alert a preceding autonomous vehicle of another incoming one in the fast lane could be really useful. Even more if the preceding one could let the fast incoming vehicle of the need to change lane due to a obstruction...thus forcing the latter to slow down to allow such evasive manouvering.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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iCEBREAKER
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June 26, 2015, 04:13:44 AM
 #27482

Isn't the real pressing issue recently the discovery that it takes less than the cost of a Smart car to spam up the system for hours and hours?

The *initial* cost to fill blocks is low, but (assuming actual non-spam/noise demand exists) fee pressure will result in an upward price spiral for the attacker.

However, the more room available in the block, the less effective this free market self-correcting remedy/mechanism becomes.

such shallow, naive economic thinking.

Please elaborate and provide (if available) evidence for this assertion characterization.

Or, just go back to using words you apparently do not know the definition of, like "thuggish."

AFAIK I have not robbed and/or murdered any travelers (lately  Wink).  As for Kali worship, [*cough*] no comment.   Cheesy



BRB, need to pick up turban from dry cleaners...


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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
iCEBREAKER
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June 26, 2015, 04:37:54 AM
 #27483

the recent one-two wombo combo of Gavin declaring

A. "the financial crisis is over"

and

B. "The sky will not fall if the block size stays at 1MB"

can't be easy for poor old Doctor Frappy to explain away with his usual hand-waving assclown routine.

By ignoring gainsaying and insulting the expertise of Nick Szaboshi, Adam Bakomoto, Bram Cohen, and ALL THE CORE DEVS, he's really painted himself into a corner.   Cheesy

iCEBlow continues to be lost.

the harder he flaps his lips for Blockstream the worse Monero gets.  his thuggery knows no bounds.  but the harder he thugs for SC's, the faster Monero falls.  and he has no idea why.

meanwhile:

[Cherry_Picked.gif]

How many times in this thread alone has the fallacy of cherry picking ranges to 'prooove' some larger point been debunked?  10?  100?  I've lost count!   Roll Eyes

Your hypocrisy is boundless.  After pimping Bitcoin as Gold 2.0 and acting as a shill for HashFast, you have the audacity to pick on poor little Monero?

If you recall, I was on the fence (leaning against) SCs for quite a long time.  But unlike you I possess an open mind, free from the ossification of early onset senility and elder rage, which is capable of learning new things.  New things such as the Cryptonote protocol, which incorporates the 'blind signatures' invented by Dr. Chaum in the form of ring signatures plus stealth addresses.  Of course that was the plan all along, which you would know if you were remotely worthy of the 'cypher' adjective in your screen name.

XMR is very stable BTW.  And in terms of UX, is where BTC was four years ago (IE on the cusp of breaking out of the nerdosphere into far wider demographics).

TPTB and you are brothers from different mothers.  Newsletter writing crank?  Check!  Endless moaning about doooom and gloooom?  Double check!

Spurned silverbug?  Triple check!  Resent GMax for being the smartest cryptogeek codemonkey in the room?  Quadruple check!   Smiley


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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 26, 2015, 05:02:34 AM
 #27484

TPTB and you are brothers from different mothers.

Resent GMax for being the smartest cryptogeek codemonkey in the room

We'll see about that soon...

In the meantime, it would front load my future ROTFLMAO, if you (not others who want to keep their shirts) buy moar XMR.

Wexlike
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June 26, 2015, 07:27:26 AM
 #27485

Heh, the Gavinistas are having a very bad day week.   Cool

First, Frap.doc was put upon to explain...
Actually it's been a bad 18 months and counting for Mr. 'bitcoin up' fap.doc.

OK sure, but the recent one-two wombo combo of Gavin declaring

A. "the financial crisis is over"

and

B. "The sky will not fall if the block size stays at 1MB"

can't be easy for poor old Doctor Frappy to explain away with his usual hand-waving assclown routine.

By ignoring gainsaying and insulting the expertise of Nick Szaboshi, Adam Bakomoto, Bram Cohen, and ALL THE CORE DEVS, he's really painted himself into a corner.   Cheesy

iCEBlow continues to be lost.

the harder he flaps his lips for Blockstream the worse Monero gets.  his thuggery knows no bounds.  but the harder he thugs for SC's, the faster Monero falls.  and he has no idea why.

meanwhile:

*pic*

I don't think it's useful to post a chart of an altcoin, that has no blocksize limit, in this argument. Smiley
BlindMayorBitcorn
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June 26, 2015, 08:34:06 AM
 #27486

Isn't the real pressing issue recently the discovery that it takes less than the cost of a Smart car to spam up the system for hours and hours?

I just got back, but



Edit: I don't see how any amount of money would ever be too much to deter bad actors from shitting on our parade for sport. Does blocksize even address this at all?

Lots of venom in this thread lately. Embarrassed

I think bigger blocks will just make shit parades more expensive to throw?




The way to generate resiliency for Bitcoin is to get to the point that each block generates $10M in fees.

Today each block generates around $4,500 in fees on average.

That is not resilient, that is weak and easy for any state to attack.

This idea that using fee pressure on a low # of transactions is a way to get to high value blocks from fees is absurd. The way to get to high value blocks is tons of transactions paying minimum fees.


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.
cypherdoc
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June 26, 2015, 09:24:05 AM
 #27487

You see iCEBLow, there is nothing to fear:

https://www.coinprices.io/articles/the-hard-fork-no-need-to-worry-bitcoin-upgrades-harness-free-market-consensus

Now a prolonged 1MB spam attack...  
lunarboy
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June 26, 2015, 11:28:30 AM
 #27488

massive losses on the CHINEXT composite, 8.3% at the close.

https://www.google.com/finance?q=CHINEXT+COMPOSITE&ei=2tSMVdmvLIu2iALN_57IAQ

http://www.wsobserver.com/china-stocks-suffer-biggest-one-day-loss-in-5-months-soufun-holdings-ltd-nysesfun-ctrip-com-international-ltd-adr-nasdaqctrp-500-com-ltd-nysewbai/7220618/

http://www.zerohedge.com/news/2015-06-25/chinese-equity-futures-tumble-ahead-open-morgan-stanely-warns-dont-buy-dip-0
cypherdoc
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June 26, 2015, 11:54:27 AM
 #27489


Pruden and sidhujag, you need to be afraid.
cypherdoc
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June 26, 2015, 12:24:20 PM
 #27490

Fascinating article about investor psychology and dependence on state intervention in Stock markets:

“The tone from the state media is particularly helpful to retail investors like me, as I have a job to do and am pretty busy,” said Yao, 35. “China’s stock market is really different from other countries. The government surely has some measures to control the movement.”

http://bloom.bg/1Nl6Wzh

The US is surely no different.
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June 26, 2015, 12:33:34 PM
 #27491

Who continues to be so stupid in bailing these guys out?

sickpig
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June 26, 2015, 12:55:35 PM
 #27492

BIP 101 from Gavin:
 
  BIP: https://github.com/bitcoin/bips/pull/163
 
  Code: https://github.com/bitcoin/bitcoin/pull/6341

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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June 26, 2015, 01:52:39 PM
 #27493

Yep, great news, finally...

I hope Bitcoin will be again on track with the true Shatoshi vision, a tool to serve their users, rich or poor,  not a tool to enrich miners, not a mere layer below other dozens of layers like the actual core devs want.

Lets the baby scale Wink


.

"pit pat piffy wing wong wang"
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June 26, 2015, 04:20:58 PM
 #27494

wow, this is getting some legs:

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June 26, 2015, 04:22:03 PM
 #27495

corporate investment grade bonds.  not good at all:

sidhujag
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June 26, 2015, 04:29:25 PM
 #27496


not at all.. its either now or wait for a few years for the bears.. they r pushing hard.

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Erdogan
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June 26, 2015, 04:31:39 PM
 #27497

Unbelievable!  It's almost as if subsidizing spam/noise transactions creates more of them.   Huh

Indeed, building wider motorways doesn't necessarily solve traffic congestion. A bunch of other things sometimes do (raising gasoline/car taxes/prices, regulation, unemployment, crime, alternative transport, virtual working, better city layout, emigration...).

Toll could remove congestion on the smallest road. But it does not solve the capacity problem directly, only as a price signal to entrepreneurs to build higher capacity roads.

There is a reason that metropols have multiplie high capacity multiple lane roads going in and out. They  need the capacity. The towns could not have grown to metropols without them.

kazuki49
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June 26, 2015, 04:36:33 PM
 #27498



This kind of talk will be used to remove the 21m coin limit in Bitcoin.

I'm sorry if you can't see it.
Erdogan
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June 26, 2015, 04:44:01 PM
 #27499



This kind of talk will be used to remove the 21m coin limit in Bitcoin.

I'm sorry if you can't see it.

No, it's food for dreamers. Imaging all the people...I know I'm a dreamer, but I'm not the only one!
Lennon was a bitcoiner, obviously.

cypherdoc
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June 26, 2015, 04:48:22 PM
 #27500



This kind of talk will be used to remove the 21m coin limit in Bitcoin.

I'm sorry if you can't see it.

your disrespect of dedicated insightful ppl in Bitcoin is astounding.

of course, i wouldn't expect anything less from the Monero Pimp.
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