Bitcoin Forum
December 09, 2016, 08:03:13 AM *
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 ... 1492 1493 1494 1495 1496 1497 1498 1499 1500 1501 1502 1503 1504 1505 1506 1507 1508 1509 1510 1511 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 1540 1541 [1542] 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806991 times)
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 16, 2015, 11:03:48 PM
 #30821

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.

Sidechains are not altcoins, nor are they "watered down," nor are their block chain's "seperate."

Do you guys know what the phrase "TWO WAY PEG" means?   Cheesy

Yes, something that is impossible. Ask the SNB (down) or PBOC (up).


There is a world of difference between an economic peg (fiat) and a technical peg (sidechains)

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481270593
Hero Member
*
Offline Offline

Posts: 1481270593

View Profile Personal Message (Offline)

Ignore
1481270593
Reply with quote  #2

1481270593
Report to moderator
1481270593
Hero Member
*
Offline Offline

Posts: 1481270593

View Profile Personal Message (Offline)

Ignore
1481270593
Reply with quote  #2

1481270593
Report to moderator
Wexlike
Hero Member
*****
Offline Offline

Activity: 746



View Profile
August 16, 2015, 11:05:19 PM
 #30822

Go on smoothie.  Go on evoorhees.  Fuck off to greener, censorship-free pastures where may you attempt to attack Bitcoin all you want.

Don't let me stop you.  You're free now...move into the light...   Cheesy

iCEBLOW throwing his weapons.  or, blowing his weapons.

or, in medical terms, engaging in "projectile vomiting".

You are also welcome to fuck to https://voat.co/v/bitcoinxt, where your XT junta will not be "suppressed" by moderators enforcing rules.

Why are you supporting theymos' "epitome of authoritarianism" and "censorship" by gracing his forum with your presence?

What are you so afraid of, that you agree with all this censorship ?
Peter R
Legendary
*
Offline Offline

Activity: 938



View Profile
August 16, 2015, 11:07:44 PM
 #30823

It doesn't take much brains to figure out why the speed of increase of avg block has accelerated from days where Bitcoin had 10,000 users and how it projects to pickup even more speed as adoption and awareness grows.

"Supply creates its own demand"

This is false.  The growth rate of the average block size was fastest in early 2011.  

Well that sort of makes sense considering it started from barely anything but the point still stand.

Do you propose the growth rate of blocksize to decrease with time. I'm pretty convinced it won't until we start serving half of the transactions on earth (if we do insist on keeping them all on blockchain)

I propose it will grow somewhere between the HIGH and the MODERATE curves in this chart (that I feel I've posted ten times recently):



This would be a very good thing!

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 16, 2015, 11:10:38 PM
 #30824

Go on smoothie.  Go on evoorhees.  Fuck off to greener, censorship-free pastures where may you attempt to attack Bitcoin all you want.

Don't let me stop you.  You're free now...move into the light...   Cheesy

iCEBLOW throwing his weapons.  or, blowing his weapons.

or, in medical terms, engaging in "projectile vomiting".

You are also welcome to fuck to https://voat.co/v/bitcoinxt, where your XT junta will not be "suppressed" by moderators enforcing rules.

Why are you supporting theymos' "epitome of authoritarianism" and "censorship" by gracing his forum with your presence?

i think i need to change your resume from bombastic to ballistic.  the projectile vomiting part still applies however.
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 16, 2015, 11:15:20 PM
 #30825


With any less than 50% then MP is economically disadvantaging himself, and then it is a question of how big his pockets are and how much he is prepared to risk.


"How big?"  Sufficiently big.

"How much?"  Enough.


Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

Quote

This is a fight which, BY DESIGN, you Gavinistas cannot win.  Poor thing, no wonder it's "doing your head in."

Quote

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
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 16, 2015, 11:17:30 PM
 #30826

no, the Blockstream core devs already had their own Jekyll Island moment in the backwoods of California early last year.

You say Bohemian Grove, I say Satoshi Forest.   Grin Grin Grin

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
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 16, 2015, 11:18:02 PM
 #30827

It doesn't take much brains to figure out why the speed of increase of avg block has accelerated from days where Bitcoin had 10,000 users and how it projects to pickup even more speed as adoption and awareness grows.

"Supply creates its own demand"

This is false.  The growth rate of the average block size was fastest in early 2011.  

Well that sort of makes sense considering it started from barely anything but the point still stand.

Do you propose the growth rate of blocksize to decrease with time. I'm pretty convinced it won't until we start serving half of the transactions on earth (if we do insist on keeping them all on blockchain)

I propose it will grow somewhere between the HIGH and the MODERATE curves in this chart (that I feel I've posted ten times recently):



This would be a very good thing!

I find that quite bearish actually  Undecided

It took Paypal more or less 15 years to get to where they're at. 9 more years for Bitcoin to get there? I propose this is quite unlikely

Consider that some of the industry heads many of you have used to support your positions believe Bitcoin could turn into the reserve currency of the world within the next 10 years. Guess we're shit out of luck if that happens heh

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
August 16, 2015, 11:21:57 PM
 #30828

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.

Sidechains are not altcoins, nor are they "watered down," nor are their block chain's "seperate."

Do you guys know what the phrase "TWO WAY PEG" means?   Cheesy

Yes, something that is impossible. Ask the SNB (down) or PBOC (up).


There is a world of difference between an economic peg (fiat) and a technical peg (sidechains)

I have argued this before. The market is the proverbial gravity. If the peg is not allowed to break, all value will flow either to the sidechain or out of the sidechain. My personal guess is out of. Meaning the sidecoin fails.

So keep talking about sidechains for ten years, collect and burn mountains of dollar risk capital, because if you try to implement it, it will prove its futility, and investor money dries up.

Wexlike
Hero Member
*****
Offline Offline

Activity: 746



View Profile
August 16, 2015, 11:22:40 PM
 #30829


Just incredible how much crap an early adopter can write. He just writes like an angry internet troll. His posts contain mostly personal attacks.
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 16, 2015, 11:27:14 PM
 #30830

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.

Sidechains are not altcoins, nor are they "watered down," nor are their block chain's "seperate."

Do you guys know what the phrase "TWO WAY PEG" means?   Cheesy

Yes, something that is impossible. Ask the SNB (down) or PBOC (up).


There is a world of difference between an economic peg (fiat) and a technical peg (sidechains)

I have argued this before. The market is the proverbial gravity. If the peg is not allowed to break, all value will flow either to the sidechain or out of the sidechain. My personal guess is out of. Meaning the sidecoin fails.

So keep talking about sidechains for ten years, collect and burn mountains of dollar risk capital, because if you try to implement it, it will prove its futility, and investor capital dries up

The likelihood of sidechains becoming an integral part of Bitcoin is, I'd argue, far more important than any chance XT fork has at succeeding.

Keep burying your head in the ground and ignore innovation

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
ssmc2
Hero Member
*****
Offline Offline

Activity: 840


View Profile
August 16, 2015, 11:27:56 PM
 #30831



7-1/2% and climbing. 


In other news, the guy (/u/raisethelimit) who posted the cartoons of the thermos was apparently banned for 30 days for trolling: 



https://www.reddit.com/r/bitcoin_uncensored/comments/3h8tf2/uraisethelimit_was_banned_for_30_days_for_posting/

That act alone speaks volumes about the other side's state of mind.

"Throwing their weapons" indeed, as you put it.
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 16, 2015, 11:30:22 PM
 #30832


His posts contain a lot of personal attacks. Yet only the simpletons clinging to these "because offended" are unable to recognize the insights. Truth hurts indeed

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 16, 2015, 11:31:07 PM
 #30833

When cypherdocs capitulate, there will be future again for Bitcoin.

Sorry pal, you have to get rekt.

Doctor Frappe already got rekt.  He just has too much pride to admit losing so much face.

The last nails for the coffin lid are being pounded in, and he'll be buried soon:

https://twitter.com/NickSzabo4/status/633012686230437889

https://twitter.com/NickSzabo4/status/633023200922746880

https://twitter.com/NickSzabo4/status/633011973634961408

And now here's Szaboshi, throwing the first handful of dirt on the Gavinista's mass grave:



LOOOL, so fukkin' rekt...  I...can't...even...  Cheesy

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
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 16, 2015, 11:34:05 PM
 #30834

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/

It looks like my post has been removed from r/bitcoin (it had 172 up-votes in 8 hours).  It was near the top of the first page, and then 5 minutes later it was nowhere to be found.  

Both cartoons by /u/raisethelimit were removed too (and one was the second highest post).

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

There's plenty of room for all of your Gavinista butt-ragings at https://voat.co/v/bitcoinxt .

Just saying...

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
Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
August 16, 2015, 11:37:08 PM
 #30835

iCEBRAKER, brg444 you are losing hard, and throwing your swords. I don't see the point.


Peter R
Legendary
*
Offline Offline

Activity: 938



View Profile
August 16, 2015, 11:37:21 PM
 #30836


His posts contain a lot of personal attacks. Yet only the simpletons clinging to these "because offended" are unable to recognize the insights. Truth hurts indeed

Can you explain which insights you're referring to?  It looks to me like mostly technical misunderstandings about how a fork would play out combined with a lack of knowledge about Bitcoin.  For example, explain how this is true:

"If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything"

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 16, 2015, 11:37:52 PM
 #30837

oh my:

iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 16, 2015, 11:38:13 PM
 #30838

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

Indeed. They will be making "A List' next....

I was told that "book burnings" would be next.   Huh

Can you please get your Theymos Is Literally Hitler narrative sorted out?  It's getting confusing.

And why are you still here in the land of oppression, instead of running free and wild at https://voat.co/v/bitcoinxt ?

Did Hearn set up a checkpoint, or what?

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 16, 2015, 11:40:24 PM
 #30839

August 15, 2015:  The Day that iCE went crazy.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 16, 2015, 11:41:31 PM
 #30840

iCEBRAKER, brg444 you are losing hard, and throwing your swords. I don't see the point.




i prefer, "losing your cookies".

or, "projectile vomiting" will suffice.
Pages: « 1 ... 1492 1493 1494 1495 1496 1497 1498 1499 1500 1501 1502 1503 1504 1505 1506 1507 1508 1509 1510 1511 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 1540 1541 [1542] 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 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!