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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?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803610 times)
iCEBREAKER
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July 21, 2015, 10:26:40 PM
 #29141

The evolution of "shill" etymology is going in the directing of deprecating the old 'deceitful carny' connotation, in favor of the more modern 'paid spokesperson' although preserving the negative aspect by substituting a 'sell-out' implication for the 'fraud' of yore.

OK.  Entrench away.  It is a weird place to plant a flag, and entirely dependent on the future yet to be seen.
In a broader social commentary, your expected future of the diminishing notion of deception attached to the word may have more to do with an increase in shamelessness.  As if the deception is always everywhere anyhow.
The pendulum may swing back the other way on that, and I'm rooting for this.


The success of my entrenchment is not "entirely dependent on the future yet to be seen."

The locus of common usage of "shill" has moved from describing a carny's trick, to a paid endorser, and now is heading towards endorsers who are probably not even be paid (secretly or otherwise).

EG, I'm called a Monero shill for my advocacy, even though nobody seriously thinks the CEO of Monero pays me.

Maybe you should correct them on their improper use of the word?

I won't correct them, but will correct your improper understanding of linguistics and etymology (IE, living languages).

Their use of the word "shill" is not improper, because in common (esp. internet) vernacular, shill simply means 'an advocate of anything you don't like or agree with and wish to chastise/silence'  The negative connotation, with roots deep in carny scams, traveled through Bill Cosby and Jello, and now has arrived in the stable of general insults.  The same process occurred as 'spam' and 'troll' drifted from their specific origins through the social abstraction process.

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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iCEBREAKER
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July 21, 2015, 10:38:55 PM
 #29142

my, my.  the anger is getting obvious.  no wonder tvbcof is going off:

https://www.reddit.com/r/Bitcoin/comments/3e34x7/do_you_remember_gold_it_was_kind_of_an_analog/ctb3zwz

"Do you remember gold? It was kind of an analog bitcoin."

No "anger" here; I laughed out loud at that one.   Cheesy

But as a buyer, I am loving these low PM prices.   Cool

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
iCEBREAKER
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July 21, 2015, 10:50:22 PM
 #29143

I apologize for not realizing that Hashfast actually did eventually get something delivered (apparently.)  I've not researched things enough to figure out whether Hashfast just bought a few of obsolete chips left over from the old days for a few cents and shipped them to fulfill some obligation and help them get by in court.  Doesn't matter since nobody can make a dime one way or another.

As is the case since I got involved, it just makes sense to either buy Bitcoin or sit on cash waiting to do so.  By the laws of economics few if any people are going to make any money mining except in temporary and corner-case scenarios.  Any semi-competent analyst could tell you that (and I have a number of times.)

Naturally it is very possible to make a ton of money scamming people who are not bright enough to see why mining economically futile.  Lots of people have made a ton doing so.  If cypherdoc had publicly informed people of this opportunity to put other people's money into their own pockets I would have some respect for him as a human being.  That he kept it to himself and put ton of other people's money into is own pocket by this means makes it so that I have to respect his ability to correctly read the ecosystem.  It only makes him more of a Lowelife in my book though.

Cypherdoc displays the worst aspects of Libertarianism and none of the good ones.  Big fish scam little fish in a cold hard world and any attempts for the little fish to form schools to mitigate the threat are bad.  At the same time he fully adopts the Socialist line that everyone should be subsidized in order to enjoy the benefits of Bitcoin without paying for them.  Just like most real Socialists he is likely just wishing to fatten up the small fish to they are a more fulfilling mouthful at some point in the future and much easier to catch.

30 seconds on the The Google is sufficient to ascertain the fact HF made the the first 3rd gen 28nm BTC mining ASIC.

If you spent 1% of the time researching that you spend on rambling counterfactual speculation, you would already know that.

And like a True Liberal you breathlessly and carelessly invoke the victimological frame, casting Frap.doc as a predator.

The problem with that (besides your lack of basic contextual knowledge) is that HF customers (EG icebreaker, gmax, Frap.doc, etc.) were not "little fish" possessing no agency and doomed to be the witless, hapless prey of Evil HF Inc.

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
iCEBREAKER
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July 21, 2015, 10:57:23 PM
 #29144

- Is there any question that cypherdoc accepted money to shill for Hashfast?

 - Is there any question that people who sent money to Hashfast didn't get what they expected in return?

 - Is there any question that some of that money which victims used to control is now controlled by cypherdoc?

- No, that fact was prominently disclosed in Frap.doc's HF OP, as everyone else noticed two years ago

- No, but that has zero bearing on an explicitly paid endorser's sales commission

- Yes, because you are begging the question by using the loaded conclusive term "victims" without proper justification, and even if you used the proper term "customers" that has zero bearing on an explicitly paid endorser's sales commission

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
tvbcof
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July 21, 2015, 11:20:24 PM
 #29145


30 seconds on the The Google is sufficient to ascertain the fact HF made the the first 3rd gen 28nm BTC mining ASIC.

'cuz everything one reads after looking for 30 seconds on the internet is totally 100% true, right?


If you spent 1% of the time researching that you spend on rambling counterfactual speculation, you would already know that.

My hypothesis are based on things which are very factual indeed.  It takes contortions like yours and Zwhatever's to come up with alternatives to the hypothesis that cypherdoc best fits the description of 'predatory scammer'.  Observations apart from his Hashfast shilling only lend strength.

And like a True Liberal you breathlessly and carelessly invoke the victimological frame, casting Frap.doc as a predator.

The problem with that (besides your lack of basic contextual knowledge) is that HF customers (EG icebreaker, gmax, Frap.doc, etc.) were not "little fish" possessing no agency and doomed to be the witless, hapless prey of Evil HF Inc.

I'm not complaining about being victimized in the least.  Cypherdoc has impacted my own financial actions not at all over the years but I feel bad for those who have listened to his bullshit.  And I already knew that investing in mining gear was a loser just from simple basic analysis.  Investing in pie-in-the-sky hypothetical gear at some point in the future is so retarded that I can hardly believe anyone fell for it.  Especially gmax (although he did make some poor decisions related to Mt. Gox IIRC, so it seems that he doesn't exactly have the best judgement in investments/bets at all times.)  Perhaps gmax wanted some sha256 ASIC tech for other purposes than making money mining Bitcoin.  That is the only reason I've ever bought any ASIC gear.


iCEBREAKER
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July 21, 2015, 11:31:15 PM
 #29146


30 seconds on the The Google is sufficient to ascertain the fact HF made the the first 3rd gen 28nm BTC mining ASIC.

'cuz everything one reads after looking for 30 seconds on the internet is totally 100% true, right?

I didn't make any claims about the truth value of "everything one reads after looking for 30 seconds on the internet."

I said "30 seconds on the The Google is sufficient to ascertain the fact HF made the the first 3rd gen 28nm BTC mining ASIC."

If you're going run away from the specific fact in question, retreat into generalities, and play baby games like solipsism, I'm done with you.

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
tvbcof
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July 21, 2015, 11:50:14 PM
 #29147


30 seconds on the The Google is sufficient to ascertain the fact HF made the the first 3rd gen 28nm BTC mining ASIC.

'cuz everything one reads after looking for 30 seconds on the internet is totally 100% true, right?

I didn't make any claims about the truth value of "everything one reads after looking for 30 seconds on the internet."

I said "30 seconds on the The Google is sufficient to ascertain the fact HF made the the first 3rd gen 28nm BTC mining ASIC."

If you're going run away from the specific fact in question, retreat into generalities, and play baby games like solipsism, I'm done with you.

Adios Amigo


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July 22, 2015, 12:07:04 AM
 #29148

This fits here:

https://twitter.com/jgarzik/status/623542542148214784

http://elbitcoin.org - Bitcoin en español
http://mercadobitcoin.com - MercadoBitcoin
WhatsBitcoin
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July 22, 2015, 12:48:27 AM
 #29149



Peter Todd is right. Comically low fees isn't a promise Bitcoin made in the first place.

Quote
@jgarzik Any announcement like that would be giving the impression that we're in control of the system, which simply isn't true. The Bitcoin protocol itself has always obviously had a transaction rate limit and associated economic consequences. We've done a bad job in communicating that fact to the general public, but doing that correctly requires a very different message than "we've changing a policy which previously meant txs were cheap, and now will mean they're expensive" - we simply don't have that level of control because Bitcoin is a decentralized system.

tl;dr: Don't try to blame the Bitcoin Core developers for a fundamental property of the Bitcoin protocol itself.

Get sick. Get well.
iCEBREAKER
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July 22, 2015, 01:35:54 AM
 #29150



Peter Todd is right. Comically low fees isn't a promise Bitcoin made in the first place.

Quote
@jgarzik Any announcement like that would be giving the impression that we're in control of the system, which simply isn't true. The Bitcoin protocol itself has always obviously had a transaction rate limit and associated economic consequences. We've done a bad job in communicating that fact to the general public, but doing that correctly requires a very different message than "we've changing a policy which previously meant txs were cheap, and now will mean they're expensive" - we simply don't have that level of control because Bitcoin is a decentralized system.

tl;dr: Don't try to blame the Bitcoin Core developers for a fundamental property of the Bitcoin protocol itself.



Nice to see PT, L-JR, DRAK, and especially Davout rekking the Gavincoiner Free Shit Army.


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
Adrian-x
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July 22, 2015, 01:48:17 AM
 #29151



Peter Todd is right. Comically low fees isn't a promise Bitcoin made in the first place.

Quote
@jgarzik Any announcement like that would be giving the impression that we're in control of the system, which simply isn't true. The Bitcoin protocol itself has always obviously had a transaction rate limit and associated economic consequences. We've done a bad job in communicating that fact to the general public, but doing that correctly requires a very different message than "we've changing a policy which previously meant txs were cheap, and now will mean they're expensive" - we simply don't have that level of control because Bitcoin is a decentralized system.

tl;dr: Don't try to blame the Bitcoin Core developers for a fundamental property of the Bitcoin protocol itself.

so leave it to the market, it wasn't ever agreed developers could manipulate the protocol to adjust fees to a level they dreamed appropriate, that's a Comical idea.

as pointed out many times by many people transaction fees are subsidized by block rewards, fees will increase when the reword drops enough, and the rewards are necessary to grow the network. Who could argue what the correct fare for a taxi should be if somewhere between 100% and 96% of the fee was subsidized by the cab company.  

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
pleaseexplainagain
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July 22, 2015, 02:02:31 AM
 #29152


[/quote]

so leave it to the market, it wasn't ever agreed developers could manipulate the protocol to adjust fees to a level they dreamed appropriate, that's a Comical idea.

as pointed out many times by many people transaction fees are subsidized by block rewards, fees will increase when the reword drops enough, and the rewards are necessary to grow the network, who could argue what the correct fare for a taxi should be if 99% of the fee is subsidized by the cab company.  
[/quote]

very apt analogy
iCEBREAKER
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July 22, 2015, 02:39:51 AM
 #29153

Quote
so leave it to the market, it wasn't ever agreed developers could manipulate the protocol to adjust fees to a level they dreamed appropriate, that's a Comical idea.

as pointed out many times by many people transaction fees are subsidized by block rewards, fees will increase when the reword drops enough, and the rewards are necessary to grow the network, who could argue what the correct fare for a taxi should be if 99% of the fee is subsidized by the cab company.  

very apt analogy

We're getting at the crux at the issue here, and thus now in danger of productive discourse occurring.

Continuing with the semi-apt metaphor of Uber's now-canonical salient example of Disruption, let us note Uber, Lyft, and Sidecar are burning copious amounts of VC funding to subsidize their ridesharing customers/drivers, so great is their fetish for market share.

Their question is to what extent is it rational to subsidize rides in order to gain market share, and our own is to what extent their model should be emulated.

(If I knew how to calculate that, I'd be too busy making big bucks programming high-frequency option trading bots to post here...)

But Bitcoin's equivalents of VC largess (block reward subsidizes and charitable community good will) do not operate on the same ROI calculus, so the metaphor breaks down quickly and catastrophically.

And thus our community cleaves (perhaps fatally) into two halves, one favoring even more generous user subsidies for the sake of Metcalfe's Law, and the other (asshole Libertarians all), who object on principle to charging less that what the market will bear for the miraculous services Bitcoin offers.

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 22, 2015, 03:12:48 AM
 #29154

...

iCEBREAKER

I must be an Asshole Libertarian (because that's just kinda the way I am), but even lil ol moi thinks that security and health of the Bitcoin Ecosystem might require the occasional *tweak* now and then.  As in my idea posted a couple of weeks or so ago re minimum BTC amounts (sayBTC0.001) and/or minimum fees (say, BTC0.0003) to fight off the spammers...

I don't mind paying a bit more for my BTC payment to go through.  And, really, who needs micropayments?  (Oh...., was that an ominous silence I just heard in here?)

*   *   *

(Hear you re getting rich programming if I could do really advanced calculations)

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July 22, 2015, 03:26:44 AM
 #29155

OROBTC:

I think you nailed the essence of the two views. But there is consequences for the current users:

With high capacity, more people will be able to use bitcoin, which is a clear advantage for the current users, because the bitcoins we have will be more liquid, and possibly higher priced.

With low capacity, there is a lower max limit to how many users there can be, because the higher fees will detract some use cases. Bluntly said, in the low capacity/high fee scenario, I might want to trade with someone that is not already a user, I have to suggest bitcoin to him, teach him everything, and if he becomes a new user, someone else is pressed out by the high fees.

I clearly favor the high capacity scenario on these grounds. Not here taking into account the risk of modifying the system.
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July 22, 2015, 03:36:51 AM
 #29156

And by "the risk of modifying the system", i mean the actual programming. I regard the current limit, or any programmed limit, as a form of defensive programming. Not as a rule inherent in the bitcoin system, as advised in the whitepaper.
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July 22, 2015, 04:07:57 AM
 #29157

Gold down already tonite.  Dow futures also down -73; that's not good:

cypherdoc
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July 22, 2015, 04:09:41 AM
 #29158

the once powerful Barrick Gold.  everything PM is looking sick:

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July 22, 2015, 04:10:51 AM
 #29159

this one's lookin' good, eh' tvbcof?:

iCEBREAKER
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Crypto is the separation of Power and State.


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July 22, 2015, 04:16:54 AM
 #29160

...

iCEBREAKER

I must be an Asshole Libertarian (because that's just kinda the way I am), but even lil ol moi thinks that security and health of the Bitcoin Ecosystem might require the occasional *tweak* now and then.  As in my idea posted a couple of weeks or so ago re minimum BTC amounts (sayBTC0.001) and/or minimum fees (say, BTC0.0003) to fight off the spammers...

I don't mind paying a bit more for my BTC payment to go through.  And, really, who needs micropayments?  (Oh...., was that an ominous silence I just heard in here?)

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(Hear you re getting rich programming if I could do really advanced calculations)

Well, I was the *first* libertarian asshole who objected on principle to charging less that what the market will bear for the miraculous services Bitcoin offers.  OK maybe not literally first, but at least I'm obnoxiously pushy and outspoken... Tongue

Yep, micropayments are very much a theoretical problem in search of an on-chain solution.  (Reddit's admittedly nifty BitcoinTip thingy notwithstanding.)

I say we work out macropayments, and in the process obsolete the BIS and its subordinate TBTF bail-out munching zombies, then worry about getting paid 2 satoshis for some snarky comment about Kim Kardashian.

Meanwhile, I support the original min tx fee of 0.01 BTC, for reasons Sunny King described starting here.

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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