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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 1804711 times)
iCEBREAKER
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July 08, 2015, 03:49:15 PM
 #28461

Dow - 179

I just heard the NYSE halted trading.

Don't worry, Gavin has assured us "the financial crisis is over" because of, like, NTFLX and stuff.

Who are you going to believe, the CEO of Bitcoin or your lying eyes?



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
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cypherdoc
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July 08, 2015, 03:57:46 PM
 #28462

I just heard the NYSE halted trading.

geezuz.

you see, it's a systemic global problem as i have been saying all along.

the sweet smell of Deflation.
goxed
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July 08, 2015, 03:59:11 PM
 #28463

I just heard the NYSE halted trading.

geezuz.

you see, it's a systemic global problem as i have been saying all along.

the sweet smell of Deflation.
Technical issues  Wink http://finance.yahoo.com/q?s=^dji

Looking to review Bitcoin / Crypto mining Hardware.
cypherdoc
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July 08, 2015, 04:00:36 PM
 #28464

back up for me but stocks headed down the shoot.  oil plunging:

cypherdoc
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July 08, 2015, 04:01:42 PM
 #28465

I just heard the NYSE halted trading.

geezuz.

you see, it's a systemic global problem as i have been saying all along.

the sweet smell of Deflation.
Technical issues  Wink http://finance.yahoo.com/q?s=^dji

yeah, iCEBlow (BS).  other exchanges have been getting "glitched" too the last few weeks.
iCEBREAKER
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July 08, 2015, 04:03:28 PM
 #28466

I just heard the NYSE halted trading.

geezuz.

you see, it's a systemic global problem as i have been saying all along.

the sweet smell of Deflation.
Technical issues  Wink http://finance.yahoo.com/q?s=^dji

Market crashing?  Not anymore!



How con-ven-ient!   Roll Eyes

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
thezerg
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July 08, 2015, 04:09:30 PM
 #28467

No really guys there's no contagion.........from Greece  Cheesy

EDIT: very promising that BTC remains independent

EDIT2: front page marketwatch lol: http://www.marketwatch.com/story/greeces-disease-wont-infect-healthy-european-countries-2015-07-08
cypherdoc
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July 08, 2015, 04:17:57 PM
 #28468

No really guys there's no contagion.........from Greece  Cheesy

EDIT: very promising that BTC remains independent

i kept telling you they were lying to you  Wink
cypherdoc
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July 08, 2015, 04:18:32 PM
 #28469

I just heard the NYSE halted trading.

geezuz.

you see, it's a systemic global problem as i have been saying all along.

the sweet smell of Deflation.
Technical issues  Wink http://finance.yahoo.com/q?s=^dji

Market crashing?  Not anymore!



How con-ven-ient!   Roll Eyes

yep.  you can bet the glitch was to protect some insiders ponzi.
iCEBREAKER
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July 08, 2015, 04:37:09 PM
 #28470

No really guys there's no contagion.........from Greece  Cheesy

EDIT: very promising that BTC remains independent

EDIT2: front page marketwatch lol: http://www.marketwatch.com/story/greeces-disease-wont-infect-healthy-european-countries-2015-07-08

What contagion?  Everything is fine!




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
cypherdoc
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July 08, 2015, 04:45:07 PM
 #28471

No really guys there's no contagion.........from Greece  Cheesy

EDIT: very promising that BTC remains independent

EDIT2: front page marketwatch lol: http://www.marketwatch.com/story/greeces-disease-wont-infect-healthy-european-countries-2015-07-08

What contagion?  Everything is fine!





just b/c he could get that wrong doesn't mean his entire thesis is wrong.  plus, he's got me as a counter balance. Grin
cypherdoc
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July 08, 2015, 04:58:29 PM
 #28472

look at this.  80K unconf tx's and 6.76TPS and yet gmax et al says there's no problem.  all that wasted computational work done by full nodes for blocks that will never clear those unconf tx's.  i told you long ago these guys will never even be able to recognize a problem even when it's staring them in the face and even after it's beat them over the head:

iCEBREAKER
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July 08, 2015, 05:05:25 PM
 #28473

What contagion?  Everything is fine!



just b/c he could get that wrong doesn't mean his entire thesis is wrong.  plus, he's got me as a counter balance. Grin

Getting that key premise wrong does in fact mean his entire consequent thesis is wrong.  EG:
Quote
I think we're about to see an explosion of bandwidth to the home, because the ongoing financial crisis will get much worse and big companies are investing in infrastructure again. And people LOVE streaming video....

^That^ doesn't make sense.  QED, Gavin explicitly and inseparably tied larger block feasibility to the supposed end of the financial crisis and subsequent future infrastructure investment.

Gavin is right about one thing however.  The sky will not fall because of full blocks.

Now please return to the normal Chicken Little routine.  It would be so quite in here without your panicked squawking.   Wink

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
OROBTC
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July 08, 2015, 05:14:51 PM
 #28474

...

The NYSE down.  The Bitcoin Ecosystem under attack (and yes, it is an attack, all the spamming).  China down.  Greece.

CNBC is now saying that *it appears* that the NYSE freeze-up probably is a somewhat benign software update.  Well, we'll see.

I have preached elsewhere DIVERSIFICATION for those with assets.  But, please count this as my last such comment here.

/OT

And now back to your regular technical programming.  Smiley

cypherdoc
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July 08, 2015, 05:17:29 PM
 #28475

What contagion?  Everything is fine!



just b/c he could get that wrong doesn't mean his entire thesis is wrong.  plus, he's got me as a counter balance. Grin

Getting that key premise wrong does in fact mean his entire consequent thesis is wrong.  EG:
Quote
I think we're about to see an explosion of bandwidth to the home, because the ongoing financial crisis will get much worse and big companies are investing in infrastructure again. And people LOVE streaming video....

^That^ doesn't make sense.  QED, Gavin explicitly and inseparably tied larger block feasibility to the supposed end of the financial crisis and subsequent future infrastructure investment.

Gavin is right about one thing however.  The sky will not fall because of full blocks.

Now please return to the normal Chicken Little routine.  It would be so quite in here without your panicked squawking.   Wink

you have no idea what a true fee mkt is.  it's not what we're getting now.  the above graph i just put up shows tremendous stress on Bitcoin usage by new and existing users.  what's ironic is that the continuous stream of full blocks is a reflection of miners begging for bigger blocks so that they can chew through that mempool in an instant.  that "clearing" of the mempool would enforce losses on the spammer.  right now, they can just recycle their spam as it gets deleted every 24 h while still causing damage to the user experience. 

get your head out of your ass.
Odalv
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July 08, 2015, 05:33:06 PM
 #28476

...  the above graph i just put up shows tremendous stress on Bitcoin usage by new and existing users.  what's ironic is that the continuous stream of full blocks is a reflection of miners begging for bigger blocks so that they can chew through that mempool in an instant.  ...

It is spam attack and with 8MB block it will be worse.

Quote from: Rusty Russell
... if blocks were 8MB: an 8MB transaction with 22,500 inputs and 3.95MB of outputs takes over 11 minutes to hash ....
kazuki49
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July 08, 2015, 05:41:08 PM
 #28477

look at this.  80K unconf tx's and 6.76TPS and yet gmax et al says there's no problem.  all that wasted computational work done by full nodes for blocks that will never clear those unconf tx's.  i told you long ago these guys will never even be able to recognize a problem even when it's staring them in the face and even after it's beat them over the head:

So the fix is to happily write these 80k spam transactions into the permanent ledger that we (full nodes) have to keep a copy of forever?

This may be the first false-flag attack on the Bitcoin network, just look how the henchman on this thread is salivating over this controlled crisis to force their botched fork.
cypherdoc
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July 08, 2015, 05:48:37 PM
 #28478

look at this.  80K unconf tx's and 6.76TPS and yet gmax et al says there's no problem.  all that wasted computational work done by full nodes for blocks that will never clear those unconf tx's.  i told you long ago these guys will never even be able to recognize a problem even when it's staring them in the face and even after it's beat them over the head:

So the fix is to happily write these 80k spam transactions into the permanent ledger that we (full nodes) have to keep a copy of forever?

Yes, initially.

After some volatility and after the spammers figure out they can't jack the mempool anymore the attacks should stop.
cypherdoc
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July 08, 2015, 05:52:11 PM
 #28479

look at this.  80K unconf tx's and 6.76TPS and yet gmax et al says there's no problem.  all that wasted computational work done by full nodes for blocks that will never clear those unconf tx's.  i told you long ago these guys will never even be able to recognize a problem even when it's staring them in the face and even after it's beat them over the head:

So the fix is to happily write these 80k spam transactions into the permanent ledger that we (full nodes) have to keep a copy of forever?

Yes, initially.

After some volatility and after the spammers figure out they can't jack the mempool anymore the attacks should stop.

someone did a calculation:

For example, with 100mb blocks, forcing average transaction fees up to only $0.06 over the course of a year would genuinely cost an attacker over $1billion.
Adrian-x
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July 08, 2015, 05:53:19 PM
 #28480

...  the above graph i just put up shows tremendous stress on Bitcoin usage by new and existing users.  what's ironic is that the continuous stream of full blocks is a reflection of miners begging for bigger blocks so that they can chew through that mempool in an instant.  ...

It is spam attack and with 8MB block it will be worse.

Quote from: Rusty Russell
... if blocks were 8MB: an 8MB transaction with 22,500 inputs and 3.95MB of outputs takes over 11 minutes to hash ....
worse for the attacker who would be paying 8 x in fees. miners can upgrade there CPU's if they are having problems collecting the fees.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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