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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 1940611 times)
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August 16, 2015, 09:13:25 AM
 #30681

XT is currently only a voting mechanism, like a poll here. Maybe in half a year we will see the first bigblock, maybe in a year. Gavin has been extra patient.
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August 16, 2015, 09:14:55 AM
 #30682

XT is currently only a voting mechanism, like a poll here. Maybe in half a year we will see the first bigblock, maybe in a year. Gavin has been extra patient.

another spam attack couldn't get the first big block ?

or is there a time constraint on when the first > 1 MB block can be created?

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August 16, 2015, 09:17:57 AM
 #30683

I think it is not correct because gold is always best investment and it will always grow for longer time. So it is not a good way to compare gold and bitcoin.

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August 16, 2015, 09:25:34 AM
 #30684

I think it is not correct because gold is always best investment and it will always grow for longer time. So it is not a good way to compare gold and bitcoin.

OH RLY?

Does gold only go up in price?

Answer: NO

Therefore: Gold is not always best investment

Every commodity traded has its price go up and down making it just an investment not "always the best investment"

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August 16, 2015, 09:26:45 AM
 #30685

I have been thinking about the mail from the nickname Satoshi Nakamoto, whoerever it is. His argument is not about the technical side of the debate but about politics and long term future.

I think people need to talk less about the technical implications and more about the political implications of this fork.
 
The argument of this guy is that if the XT fork is sucessful, that means that in the future someone with enough political influence can make a fork successful. That means that one days the President of the United States, who definitely has enough political influence, will be able to push a succesful fork. And we all know what that would mean: no more 21 million limit. We will be back to central banking.

The argument that the community will decide what is its best interest is invalid. Aristotle already knew that democracy turn into demagogy. And history and economics show that the outcomes of democratic process don't align with the best interest of the voters.

Basically the problem is that: by forking we are choosing a democratic political process, and it's the very same process which lead to central banking and is currently unable to stop it.
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August 16, 2015, 09:29:29 AM
 #30686

I'm not against bigger blocks. I am, however, vehemently against some minority coercing rather than appealing on merit a change that affects every member of a system for some collectivist notion of "the common good" without everyone's voluntary consent. Great, bigger blocks can fit more transactions, but maybe we should wait until there is full consensus that fees are indeed too high and we all agree to move together to using bigger blocks. Til then...Perhaps we can even work out a dynamic block size schedule based on rigorously proven and acceptedly fair feedback cycles by then and not have to go through the whole process again.

If XT is so great, no one should have to sell it to anyone, people will just switch.

But people won't because there is greater risk cost to switch than to stay until some situation demands full consensus migration. Antifragility.

Activating a hardfork based on what miners do is really bad. You could easily have a situation where 75% of miners support XT but none of the big Bitcoin exchanges or businesses do. Then miners would start mining coins that they couldn't spend anywhere useful, and SPV users would find that they can't transact with the businesses they want to deal with. The currency would be split, and in this case XT would be in a far weaker position than Bitcoin.

The possibility of this sort of network/currency split is what makes XT not a "legitimate hardfork", but rather the programmed creation of an altcoin. A consensus hardfork can only go forward once it has been determined that it's nearly impossible for the Bitcoin economy to split in any significant way. Not every Bitcoin user on Earth has to agree, but enough that there won't be a noticeable split.

Bitcoin is not ruled by miners. In a hardfork, miners barely matter at all. (Softforks are different.) What's important is what the economy does.

If the economy splits without full consensus in either direction, then this may happen:

Quote

If that happens, trouble for those on the fork and any businesses/entities that forked over without full consensus.

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August 16, 2015, 09:35:55 AM
 #30687

I have been thinking about the mail from the nickname Satoshi Nakamoto, whoerever it is. His argument is not about the technical side of the debate but about politics and long term future.

I think people need to talk less about the technical implications and more about the political implications of this fork.
 
The argument of this guys is that is the XT fork is sucessful, that means that in the future someone with enough political influence can make a fork successful. That means that one days the President of the United States, who definitely has enough political influence, will be able to push a succesful fork. And we all know what that would mean: no more 21 million limit. We will be back to central banking.

The argument that the community will decide what is its best interest is invalid. Aristotle already knows that democracy turn into demagogy. And history and economics shows that democracy choices don't align with the best interest of the voters.

Basically the problem is that: by forking we are choosing a democratic political process, and it's the very same process which lead to central banking and is currently unable to stop it.

http://esr.ibiblio.org/?p=984

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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August 16, 2015, 09:47:33 AM
 #30688

I have been thinking about the mail from the nickname Satoshi Nakamoto, whoerever it is. His argument is not about the technical side of the debate but about politics and long term future.

I think people need to talk less about the technical implications and more about the political implications of this fork.
 
The argument of this guy is that if the XT fork is sucessful, that means that in the future someone with enough political influence can make a fork successful. That means that one days the President of the United States, who definitely has enough political influence, will be able to push a succesful fork. And we all know what that would mean: no more 21 million limit. We will be back to central banking.

The argument that the community will decide what is its best interest is invalid. Aristotle already knew that democracy turn into demagogy. And history and economics show that the outcomes of democratic process don't align with the best interest of the voters.

Basically the problem is that: by forking we are choosing a democratic political process, and it's the very same process which lead to central banking and is currently unable to stop it.

Just because someone makes a client (XT or original satoshi client) doesn't mean they make people choose to use that client.

If that were so then Satoshi himself had political influence thus negating your point entirely.

I don't see anything that XT is doing other than allowing people a choice to switch their client to one that supports bigger blocks (and a few other minor things).

Ultimately people choose what they want to use.

Political influence lol.

Sorry but I make my own choices by thinking with my brain, not who is in the lime light.

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
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August 16, 2015, 09:50:04 AM
 #30689

I have been thinking about the mail from the nickname Satoshi Nakamoto, whoerever it is. His argument is not about the technical side of the debate but about politics and long term future.

I think people need to talk less about the technical implications and more about the political implications of this fork.
 
The argument of this guy is that if the XT fork is sucessful, that means that in the future someone with enough political influence can make a fork successful. That means that one days the President of the United States, who definitely has enough political influence, will be able to push a succesful fork. And we all know what that would mean: no more 21 million limit. We will be back to central banking.

The argument that the community will decide what is its best interest is invalid. Aristotle already knew that democracy turn into demagogy. And history and economics show that the outcomes of democratic process don't align with the best interest of the voters.

Basically the problem is that: by forking we are choosing a democratic political process, and it's the very same process which lead to central banking and is currently unable to stop it.

Just because someone makes a client (XT or original satoshi client) doesn't mean they make people choose to use that client.

If that were so then Satoshi himself had political influence thus negating your point entirely.

I don't see anything that XT is doing other than allowing people a choice to switch their client to one that supports bigger blocks (and a few other minor things).

Ultimately people choose what they want to use.

Political influence lol.

Sorry but I make my own choices by thinking with my brain, not who is in the lime light.

If people start to move over but not everyone moves over together, then you get two different blockchains.

To me, if everyone doesn't agree to move to a fork, then the proposed fork is not good enough yet.

Let It Be

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August 16, 2015, 09:55:14 AM
 #30690

If XT is so great, no one should have to sell it to anyone, people will just switch.

There is avast difference to discussing XT vs "selling" XT to users.

Kind of hard to discuss it if reddit moderators keep deleting posts/threads related to XT and moving XT discussion to alt coin section of this forum.

People can only switch if there is enough discussion about XT.

They won't just wake up one day and go "i'll with go to xtnodes.com and download the latest client" without anyone previously mentioning it on a forum etc.

Ultimately users will choose what they want in the end.

All of this back and forth is drama and kiddy BS. Pick a stance and stick to it without the ad hominem or personal attacks (<----directed at those going out of their way to bash others).

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August 16, 2015, 09:56:17 AM
 #30691

XT is currently only a voting mechanism, like a poll here. Maybe in half a year we will see the first bigblock, maybe in a year. Gavin has been extra patient.

another spam attack couldn't get the first big block ?

or is there a time constraint on when the first > 1 MB block can be created?

The first big block can only be mined in January of 2016 and after 2 weeks of >75% of xt mined blocks. At that point, we have already reached full consensus.

Currently, running a XT node is just a mechanism so rise your voice. Because we, the regular user, can't mine or sign new blocks, we can only rise our voice through our client choice.
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August 16, 2015, 09:57:47 AM
 #30692

XT is currently only a voting mechanism, like a poll here. Maybe in half a year we will see the first bigblock, maybe in a year. Gavin has been extra patient.

another spam attack couldn't get the first big block ?

or is there a time constraint on when the first > 1 MB block can be created?

The first big block can only be mined in January of 2016 and after 2 weeks of >75% of xt mined blocks. At that point, we have already reached full consensus.

I'll take that as a yes then?

███████████████████████████████████████

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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
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        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
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August 16, 2015, 09:58:15 AM
 #30693

Yes. Smiley
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August 16, 2015, 09:59:26 AM
 #30694

I have been thinking about the mail from the nickname Satoshi Nakamoto, whoerever it is. His argument is not about the technical side of the debate but about politics and long term future.

I think people need to talk less about the technical implications and more about the political implications of this fork.
 
The argument of this guy is that if the XT fork is sucessful, that means that in the future someone with enough political influence can make a fork successful. That means that one days the President of the United States, who definitely has enough political influence, will be able to push a succesful fork. And we all know what that would mean: no more 21 million limit. We will be back to central banking.

The argument that the community will decide what is its best interest is invalid. Aristotle already knew that democracy turn into demagogy. And history and economics show that the outcomes of democratic process don't align with the best interest of the voters.

Basically the problem is that: by forking we are choosing a democratic political process, and it's the very same process which lead to central banking and is currently unable to stop it.

Just because someone makes a client (XT or original satoshi client) doesn't mean they make people choose to use that client.

If that were so then Satoshi himself had political influence thus negating your point entirely.

I don't see anything that XT is doing other than allowing people a choice to switch their client to one that supports bigger blocks (and a few other minor things).

Ultimately people choose what they want to use.

Political influence lol.

Sorry but I make my own choices by thinking with my brain, not who is in the lime light.
It's people who have chosen central banking.

Trusting people for making good choices in monetary matters is a recipe for central banking. Populism will always win at the end of the day.
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August 16, 2015, 10:05:26 AM
 #30695

It feels to me like a major shift occurred today.  It was caused in part by Gavin and Mike completing the patch to support larger block sizes, but I think it was actually caused more so by a foolish move made on the battlefield-that-was-reddit today.  In an act of desperation, the mods at /r/bitcoin threw their swords.  

What do I mean by "throwing one's sword?"  I'll have to explain it with a story about my childhood…

...The town I grew up in (about an hour outside of Vancouver) seemed perfectly normal to me as a kid, but when I look back now, it was actually pretty rough.  It was home to hundreds of Hell's Angels and it served as a sort of distribution center in the drug trade.  

Anyways, there were lots of fights between groups of boys when I was growing up.  I was never really a part of it, but I was fascinated and paid attention to the dynamics of the process.  One strange behaviour I witnessed was that the last act of the losing faction of boys was always to throw their weapons.  It was such a stupid thing to do, because the baseball bat or hockey stick would rarely hit the intended target, and in the few times that it did, it would be travelling at such a reduced velocity that the impact imparted to the victim was superficial at best.  

And then the weaponless boys would get their butts kicked.

It turns out that this is a sort of a natural human reaction to severe stress.  As a last resort, we throw whatever we have left and hope for the best.  In the movies, it always works; in real life, the opposite is true.  

Of course the weapon of a mod is censorship.  Today was the day that the mods at /r/bitcoin threw their weapons.  

Unbelievable. Did anyone in this environment ever destroy himself even faster than that Thermos?

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August 16, 2015, 10:05:29 AM
 #30696

XT is currently only a voting mechanism, like a poll here. Maybe in half a year we will see the first bigblock, maybe in a year. Gavin has been extra patient.

another spam attack couldn't get the first big block ?

or is there a time constraint on when the first > 1 MB block can be created?

Who would risk a big block for spam?
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August 16, 2015, 10:11:27 AM
 #30697

If XT is so great, no one should have to sell it to anyone, people will just switch.

There is avast difference to discussing XT vs "selling" XT to users.

Kind of hard to discuss it if reddit moderators keep deleting posts/threads related to XT and moving XT discussion to alt coin section of this forum.

People can only switch if there is enough discussion about XT.

They won't just wake up one day and go "i'll with go to xtnodes.com and download the latest client" without anyone previously mentioning it on a forum etc.

Ultimately users will choose what they want in the end.

All of this back and forth is drama and kiddy BS. Pick a stance and stick to it without the ad hominem or personal attacks (<----directed at those going out of their way to bash others).

You can discuss proposals to change the Bitcoin main chain, but a forked chain that is not also the main chain is an altchain and not truly Bitcoin.

[–]theymos -1 points 4 days ago
Discussion of hardforks is not silenced. That's why a possible hardfork has been discussed ad nauseam on /r/Bitcoin for the past few months. XT-specific submissions are removed because XT is not Bitcoin.
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August 16, 2015, 10:20:50 AM
 #30698

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August 16, 2015, 10:28:23 AM
 #30699

If XT is so great, no one should have to sell it to anyone, people will just switch.

There is avast difference to discussing XT vs "selling" XT to users.

Kind of hard to discuss it if reddit moderators keep deleting posts/threads related to XT and moving XT discussion to alt coin section of this forum.

People can only switch if there is enough discussion about XT.

They won't just wake up one day and go "i'll with go to xtnodes.com and download the latest client" without anyone previously mentioning it on a forum etc.

Ultimately users will choose what they want in the end.

All of this back and forth is drama and kiddy BS. Pick a stance and stick to it without the ad hominem or personal attacks (<----directed at those going out of their way to bash others).

You can discuss proposals to change the Bitcoin main chain, but a forked chain that is not also the main chain is an altchain and not truly Bitcoin.

[–]theymos -1 points 4 days ago
Discussion of hardforks is not silenced. That's why a possible hardfork has been discussed ad nauseam on /r/Bitcoin for the past few months. XT-specific submissions are removed because XT is not Bitcoin.
permalinksavecontextfull comments (189)reportgive gold

...yet XT is using the exact same chain/protocol as core aside from the future possibility of block size increase.

Not an alt chain in any sense as it has been used on other coins like litecoin that are completely separate chains and protocols.

XT operates just like CORE as of right now.

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August 16, 2015, 10:31:37 AM
 #30700

If XT is so great, no one should have to sell it to anyone, people will just switch.

There is avast difference to discussing XT vs "selling" XT to users.

Kind of hard to discuss it if reddit moderators keep deleting posts/threads related to XT and moving XT discussion to alt coin section of this forum.

People can only switch if there is enough discussion about XT.

They won't just wake up one day and go "i'll with go to xtnodes.com and download the latest client" without anyone previously mentioning it on a forum etc.

Ultimately users will choose what they want in the end.

All of this back and forth is drama and kiddy BS. Pick a stance and stick to it without the ad hominem or personal attacks (<----directed at those going out of their way to bash others).

You can discuss proposals to change the Bitcoin main chain, but a forked chain that is not also the main chain is an altchain and not truly Bitcoin.

[–]theymos -1 points 4 days ago
Discussion of hardforks is not silenced. That's why a possible hardfork has been discussed ad nauseam on /r/Bitcoin for the past few months. XT-specific submissions are removed because XT is not Bitcoin.
permalinksavecontextfull comments (189)reportgive gold

...yet XT is using the exact same chain/protocol as core aside from the future possibility of block size increase.

Not an alt chain in any sense as it has been used on other coins like litecoin that are completely separate chains and protocols.

XT operates just like CORE as of right now.

But I don't agree with XT's definition that 75% of hashrate or whatever is network consensus.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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