Bitcoin Forum
December 09, 2016, 11:19:29 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
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

Pages: « 1 ... 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 [1386] 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807315 times)
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
June 29, 2015, 07:19:42 AM
 #27701

"85% chance that Greece is forced to leave the Euro zone".

oops.

Don't worry, because "The Financial Crisis Is Over."

Dow futures -255

Good.  More money printing quantitative easing will lead to an explosion of broadband to the home.

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
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481325569
Hero Member
*
Offline Offline

Posts: 1481325569

View Profile Personal Message (Offline)

Ignore
1481325569
Reply with quote  #2

1481325569
Report to moderator
sidhujag
Legendary
*
Offline Offline

Activity: 1302


View Profile
June 29, 2015, 07:32:17 AM
 #27702

Dow futures -255
No worries will be up 100 by morning
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
June 29, 2015, 10:09:59 AM
 #27703


This would be the final arbiter.

But, like the fork in 2013, I think miners would solve it before trading on classic vs new began.

Yup. It's the silent ace up investors' sleeves that prevents any funny business by the miners, devs, or other stakeholders.

This is incomplete logic thus illogical.

The essay forgets:

1. A 51% attack can enforce a protocol, but not including minority blocks in the longest chain. I already obliterated rocks' argument upthread that anyone could prove this is happening and thus get the masses to act on it by pulling their mining nodes (the masses don't mine). There is no way to prove that a minority chain is the honest one when it comes to censoring transactions.

2. Mining income is not the only potential profit motive from some entity aggregating hashrate for the purposes of censoring transactions.

3. Asymmetries in the impacts on profitability of different classifications of miners due to protocol changes, potentially change the dynamics in ways that the author's simpleton analysis miss.

I don't think you see the full extent of the paradigm shift the author hints at (perhaps the author doesn't, either).

A 51% attack is one thing, sure, if that's your concern it gets more complicated but certainly not impossible to tell that, for example, there is widespread inability to get transactions through. In the worst case, a nuke (spinoff to protocol with a different mining algo, retaining the ledger) can be made to be very easy to do. No proof of miner malfeasance is needed, mere suspicion will do if it is easy enough to go through the spinoff process. If it needs to be a regular thing, it can soon be done without the user even noticing by having the wallet software be advanced enough. Let that sink in. Investors always hold the final card. Miners make investors jumpy at their own peril, no matter what the miners' motivations are. Certainly there are tradeoffs, as investors know not to piss miners off too much or else alienate their hashing security team, but if this is just going to be another "Bitcoin is broken because 51% attack" argument where you are saying your system fixes this, well, that's cool but only once you show it. It doesn't mean anything to anyone just saying you have a better solution. We have no way of knowing you're right or wrong, and there are too many claiming the same.

Now if you'll say everyday users/sheep will just go with the flow, sure, they may and they will have their transactions censored, then, but with wallet software that makes it a snap - even unnoticeable, default - to switch to spinoffs at will so that the ledger is always maintained, the friction is reduced to practically zero. At worst we are back to a situation where people "don't realize they should be using Bitcoin," but this time it's little more than a single click on an interface to fix that.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
June 29, 2015, 10:18:30 AM
 #27704

stereotype
Legendary
*
Offline Offline

Activity: 1344



View Profile
June 29, 2015, 10:45:41 AM
 #27705



Currently trying to fill the gap. Big shorts @ 1.1160, i would say.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:20:14 PM
 #27706

"85% chance that Greece is forced to leave the Euro zone".

oops.

Don't worry, because "The Financial Crisis Is Over."

Dow futures -255

Good.  More money printing quantitative easing will lead to an explosion of broadband to the home.

if you're serious then that's a great argument for block size increases.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:20:49 PM
 #27707



Currently trying to fill the gap. Big shorts @ 1.1160, i would say.

they always do that before a deeper plunge
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:31:01 PM
 #27708

Gold up


sorry. reversing all it's gains.

Gold collapsing.  Bitcoin UP:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:32:02 PM
 #27709

Dow futures -255
No worries will be up 100 by morning

you're in trouble
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:35:45 PM
 #27710

trannies leading to the downside.

once the industrials breaks it SL, it's game over:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:39:47 PM
 #27711

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.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:43:20 PM
 #27712

DZZ already gone green:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:52:06 PM
 #27713


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
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 01:57:09 PM
 #27714

blocks filling up.  again:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 02:00:29 PM
 #27715

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

Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
June 29, 2015, 02:29:17 PM
 #27716

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

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

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 02:33:20 PM
 #27717

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 02:50:44 PM
 #27718

goodl 'ol SLW in critical mode:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 02:52:48 PM
 #27719

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

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 29, 2015, 03:00:10 PM
 #27720

ouch Dow -190
Pages: « 1 ... 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 [1386] 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!