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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 2010183 times)
vokain
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August 16, 2015, 11:36:14 AM
 #30701

From my perspective, that's because, like say, SatoshiDice for example, they run on top of Bitcoin as it is. They're like any other use case of the Bitcoin blockchain.

No comment on the "Yes" but I'm just glad to have learned so much today through all this hubbub. Sleep is now calling my name though.   Take care everyone

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August 16, 2015, 11:44:11 AM
 #30702

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"

I think your new to real investments. Can you prove gold went up to 1000+ and came back to 100+ in so many years of gold trading. You should read my post correctly, I said for long term investment not for short term.

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August 16, 2015, 11:56:14 AM
 #30703

I can understand that theymos is in a very difficult spot - he is probably right (in a literal, technical sense) in the assertion that XT as a theory is on topic, but as a viable, downloadable solution it becomes an alt-coin. Until it reaches consensus,

But what troubles me is the zeal with which this policy is still being executed across the platforms. At this point, who really benefits from a suppression of debate?
(bear in mind that we are free to discuss it here and many other topics)

During the fall of the Berlin wall, there was a pivotal moment when the border guards finally recognised the futility of their duty, and allowed people through unchallenged.

We must make money worse as a commodity if we wish to make it better as a medium of exchange
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August 16, 2015, 12:18:33 PM
 #30704

Side chains are certainly altcoins.

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August 16, 2015, 12:24:59 PM
 #30705

I can understand that theymos is in a very difficult spot - he is probably right (in a literal, technical sense) in the assertion that XT as a theory is on topic, but as a viable, downloadable solution it becomes an alt-coin. Until it reaches consensus,

But what troubles me is the zeal with which this policy is still being executed across the platforms. At this point, who really benefits from a suppression of debate?
(bear in mind that we are free to discuss it here and many other topics)

During the fall of the Berlin wall, there was a pivotal moment when the border guards finally recognised the futility of their duty, and allowed people through unchallenged.

Way out of the mess: Core adds a largeblock patch, different from gavins but who cares. Other XT patches are delayed to make them look important.

If not, they go the way of the Xfree86 developers - into the fog.

Next fight is over the name. I suggest renaming XT to core by april depending on 75% supermajority as expressed by just doing it. Smiley


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August 16, 2015, 12:25:48 PM
 #30706

Side chains are certainly altcoins.

Maybe in your universe.
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August 16, 2015, 12:27:31 PM
 #30707

Side chains are certainly altcoins.



Yeah and they don't run on top of Bitcoin. They run parallel like any other alt coin.

Yet once again it is okay to discuss side chains on reddit? Lol

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August 16, 2015, 12:29:07 PM
 #30708

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

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August 16, 2015, 12:29:53 PM
 #30709

I can understand that theymos is in a very difficult spot - he is probably right (in a literal, technical sense) in the assertion that XT as a theory is on topic, but as a viable, downloadable solution it becomes an alt-coin. Until it reaches consensus,

But what troubles me is the zeal with which this policy is still being executed across the platforms. At this point, who really benefits from a suppression of debate?
(bear in mind that we are free to discuss it here and many other topics)

During the fall of the Berlin wall, there was a pivotal moment when the border guards finally recognised the futility of their duty, and allowed people through unchallenged.

Way out of the mess: Core adds a largeblock patch, different from gavins but who cares. Othere XT patches are delayed to make them look important.

If not, they go the way of the Xfree86 developers - into the fog.

Next fight is over the name. I suggest renaming XT to core by april depending on 75% supermajority as expressed by just doing it. Smiley



It would have to follow a BIP. But isnt this scenario what MH and GA wanted all along?  The failure to get this resulted in XT.

We must make money worse as a commodity if we wish to make it better as a medium of exchange
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August 16, 2015, 12:32:20 PM
 #30710

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

They're not necessarily watered down, they might be concentrated, or some of both, who knows. But either way they are quite literally altcoins that are backed by Bitcoin. That makes them both altcoins and applications of Bitcoin both.


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August 16, 2015, 12:32:52 PM
 #30711

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

Side chains are implemented on top of bitcoin - they dont directly change the underlying protocol, only interact with it - like a wallet would.

However, some changes to core are required to support certain sidechain proposals.  

Edit:  Actually, when you tke into account the tokens for using sidechains ( eth, factoids, etc.) then, yeah, the lines really do begin to blur. Maybe call it alt-coin-lite? Grin

We must make money worse as a commodity if we wish to make it better as a medium of exchange
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August 16, 2015, 12:33:49 PM
 #30712

I can understand that theymos is in a very difficult spot - he is probably right (in a literal, technical sense) in the assertion that XT as a theory is on topic, but as a viable, downloadable solution it becomes an alt-coin. Until it reaches consensus,

But what troubles me is the zeal with which this policy is still being executed across the platforms. At this point, who really benefits from a suppression of debate?
(bear in mind that we are free to discuss it here and many other topics)

During the fall of the Berlin wall, there was a pivotal moment when the border guards finally recognised the futility of their duty, and allowed people through unchallenged.

Way out of the mess: Core adds a largeblock patch, different from gavins but who cares. Othere XT patches are delayed to make them look important.

If not, they go the way of the Xfree86 developers - into the fog.

Next fight is over the name. I suggest renaming XT to core by april depending on 75% supermajority as expressed by just doing it. Smiley



It would have to follow a BIP. But isnt this scenario what MH and GA wanted all along?  The failure to get this resulted in XT.

Exactly. It is the way out, no fork, everybody is happy (some just a tad butthurt).



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August 16, 2015, 12:39:14 PM
 #30713

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

They're not necessarily watered down, they might be concentrated, or some of both, who knows. But either way they are quite literally altcoins that are backed by Bitcoin. That makes them both altcoins and applications of Bitcoin both.




Watered down as in the amount of hash rate keeping the chain secure is less than the main chain. Pretty sure that fits an accurate description of side chains being watered down version of Bitcoin.

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August 16, 2015, 12:53:03 PM
 #30714

https://twitter.com/jgarzik/status/632877777688006656

Quote from: Jeff Garzik
Based on public statements and/or in-coinbase BIP 100 miner voting, over 80% of #bitcoin hashpower supports blocks larger than 1MB.

ed: Roger Ver XT endorsement

https://mobile.twitter.com/rogerkver/status/632866706864652288

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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August 16, 2015, 01:18:19 PM
 #30715

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

They're not necessarily watered down, they might be concentrated, or some of both, who knows. But either way they are quite literally altcoins that are backed by Bitcoin. That makes them both altcoins and applications of Bitcoin both.




Watered down as in the amount of hash rate keeping the chain secure is less than the main chain. Pretty sure that fits an accurate description of side chains being watered down version of Bitcoin.

Yes I agree with that. I thought you meant feature-wise, although that doesn't even make sense because obviously most side chains are going to want to add features otherwise there is no point.
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August 16, 2015, 01:19:54 PM
 #30716

I combined the Sickpig's idea that the block size limit is a transport limitation that crept into the consensus layer, with Smooth's observation that the Bitcoin white paper never mentions a block size limit, and rolled it into a toned-down version of the "moderators-throwing-their-swords" story:

https://www.reddit.com/r/Bitcoin/comments/3h73ws/the_morning_after_the_moderation_mistake_thoughts/

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August 16, 2015, 03:05:57 PM
 #30717



From: https://www.reddit.com/r/Bitcoin/comments/3h7dgl/there_is_no_fork_new_bitcoin_comic_strip/

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August 16, 2015, 03:16:16 PM
 #30718

^ great art!

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August 16, 2015, 03:37:51 PM
 #30719

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

Side chains are implemented on top of bitcoin - they dont directly change the underlying protocol, only interact with it - like a wallet would.

However, some changes to core are required to support certain sidechain proposals.  

Edit:  Actually, when you tke into account the tokens for using sidechains ( eth, factoids, etc.) then, yeah, the lines really do begin to blur. Maybe call it alt-coin-lite? Grin

Good morning good morning

So in this case, discussion of sidechains as a technological application of Bitcoin should be okay but once you step into the actual tokens or implementations  of sidechains then I think it becomes off Bitcoin topic?

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August 16, 2015, 03:39:08 PM
 #30720

continuing the ramp:

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