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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 2028320 times)
cypherdoc
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June 29, 2015, 01:39:47 PM
 #27681

Thanks so much. You are doing my promotion for me. Kudos.

Delusions of grandeur, check.

he's an idiot.  surely a disgrace as a supposed "engineer".  don't waste your time.

i put him back on ignore for now.
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cypherdoc
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June 29, 2015, 01:43:20 PM
 #27682

DZZ already gone green:

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June 29, 2015, 01:52:06 PM
Last edit: June 29, 2015, 02:05:38 PM by cypherdoc
 #27683


from the article:

This is not to say that Bitcoin is a divine substance or some immaculate bit of quintessence. It just means that Bitcoin upgrades must be a clear improvement to Bitcoin as an investment or else they face a sharp uphill battle to adoption. Any scheme to reprogram it in service of special interests would almost certainly reduce its value proposition because it would change Bitcoin from something good for the world to something good for a smaller group. Of course, people actually need to be paying attention in order to prevent it, but we also don't need to go mad with hypervigilance

and this is where guys like me come in.  i AM hypervigilant.  i think i see things clearly.  i don't go mad.  and i am an investor.

but most importantly, i am unconflicted.  so at least you know you're getting an honest opinion.
cypherdoc
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June 29, 2015, 01:57:09 PM
 #27684

blocks filling up.  again:

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June 29, 2015, 02:00:29 PM
 #27685

we're getting close to 2.3 TPS in the Tradeblock post:

Zangelbert Bingledack
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June 29, 2015, 02:29:17 PM
 #27686

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199

cypherdoc
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June 29, 2015, 02:33:20 PM
 #27687

when the BIS talks like this, you know we got a problem:

http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defenseless-against-the-next-financial-crisis-warns-BIS.html
cypherdoc
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June 29, 2015, 02:50:44 PM
 #27688

goodl 'ol SLW in critical mode:

cypherdoc
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June 29, 2015, 02:52:48 PM
 #27689

Antpool back in defensive mode due to filled blocks.  tell me, what do we have core devs for again?:

cypherdoc
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June 29, 2015, 03:00:10 PM
 #27690

ouch Dow -190
elux
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June 29, 2015, 03:00:15 PM
 #27691

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199


XBT/XAU parity 2015?  Smiley

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=5Y
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June 29, 2015, 03:06:08 PM
 #27692

Antpool back in defensive mode due to filled blocks.  tell me, what do we have core devs for again?:


Some devs only view Bitcoin as a digital gold and are fine with 1Mb blocks and $10 fees,  leting the rest of the world out for use their sidechains and top layers.

Bitcoin is turning in an altcoin if you take the white paper and Shatoshi words as reference.
cypherdoc
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June 29, 2015, 03:06:16 PM
 #27693


do you think we can get there w/o a block size increase?
cypherdoc
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June 29, 2015, 03:09:34 PM
 #27694

Antpool back in defensive mode due to filled blocks.  tell me, what do we have core devs for again?:


Some devs only view Bitcoin as a digital gold and are fine with 1Mb blocks and $10 fees,  leting the rest of the world out for use their sidechains and top layers.

Bitcoin is turning in an altcoin if you take the white paper and Shatoshi words as reference.


you got that right.

look, i'm going to have to pull rank as the first to publicly convert from gold to Bitcoin.  they got it wrong.

Bitcoin will never become a digital gold until or unless BTC gets used regularly all across the world and goldbugs capitulate by selling off gold and stopping the vast majority of gold mining activity.  

true statement.  
cypherdoc
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June 29, 2015, 03:21:30 PM
 #27695

Dow -210

shame
elux
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June 29, 2015, 03:24:13 PM
 #27696


Hey, we already dinged it in 2013.  Which was crazy.

Now, wouldn't be so crazy.

The Blocksize debate turning into a religious war is... unfortunate.

But if we get Bitcoin to scale without destroying it in the process, we unlock > $10000 per coin.

Seems like no one is looking at the upside. Smiley
lunarboy
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June 29, 2015, 03:25:17 PM
 #27697

I know correlation and causation combined with zerohedge = hyperbolae.

Still it's fun to see the stories coming out about Bitcoin and Grexarmageddon 'patent pending term'

http://www.zerohedge.com/news/2015-06-29/fita-faith-falters-bitcoin-surges-7-post-greferendum-decision


cypherdoc
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June 29, 2015, 03:26:15 PM
 #27698

Contagion.  i love that word.  reminds me of when i had to walk thru AIDS wards:

http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open
cypherdoc
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June 29, 2015, 03:30:34 PM
 #27699


Hey, we already dinged it in 2013.  Which was crazy.

Now, wouldn't be so crazy.

The Blocksize debate turning into a religious war is... unfortunate.

But if we get Bitcoin to scale without destroying it in the process, we unlock > $10000 per coin.

Seems like no one is looking at the upside. Smiley

seriously, the only reason it has evolved that way is that Blockstream is fighting for it's life.  just look at the increasingly desperate comments from Adam all over Reddit and Twitter.

lifting the 1MB DoS artificial cap should be a no brainer.
Zangelbert Bingledack
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June 29, 2015, 03:36:09 PM
 #27700


Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.
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