Bitcoin Forum
December 09, 2016, 11:24:30 PM *
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 ... 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 1807339 times)
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 16, 2015, 11:41:36 PM
 #30841

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...

  Grin

The cognitive dissonance is amazing.

"Screw you guys we're forking and there's nothing you can do about it! We're gonna need our subreddit though..."

"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
1481325870
Hero Member
*
Offline Offline

Posts: 1481325870

View Profile Personal Message (Offline)

Ignore
1481325870
Reply with quote  #2

1481325870
Report to moderator
1481325870
Hero Member
*
Offline Offline

Posts: 1481325870

View Profile Personal Message (Offline)

Ignore
1481325870
Reply with quote  #2

1481325870
Report to moderator
1481325870
Hero Member
*
Offline Offline

Posts: 1481325870

View Profile Personal Message (Offline)

Ignore
1481325870
Reply with quote  #2

1481325870
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481325870
Hero Member
*
Offline Offline

Posts: 1481325870

View Profile Personal Message (Offline)

Ignore
1481325870
Reply with quote  #2

1481325870
Report to moderator
Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
August 16, 2015, 11:44:18 PM
 #30842

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...

  Grin

The cognitive dissonance is amazing.

"Screw you guys we're forking and there's nothing you can do about it! We're gonna need our subreddit though..."

Yes, and we don't want to move to a free country, we want the government to leave, they are the criminals after all ... Smiley
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
August 16, 2015, 11:45:17 PM
 #30843

With respect to Nick Most-Likely-To-Be-Satoshi-And-That-Is-Worth-A-Lot-Even-If -He-Isn't Szabo, I despise the "$4 billion system" argument. Every one of those investors knows it is a high risk asset with the potential for a 1000x return (and therefore, by any reasonable economics or logic, enormous risks). These are not widows and orphans.

Maybe the block size increase is a bad idea and maybe XT is a bad way to do it, but that argument is absurd sensationalism at its worst.

brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 16, 2015, 11:48:11 PM
 #30844

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...

  Grin

The cognitive dissonance is amazing.

"Screw you guys we're forking and there's nothing you can do about it! We're gonna need our subreddit though..."

Yes, and we don't want to move to a free country, we want the government to leave, they are the criminals after all ... Smiley


 Smiley

You know that's what millions of people throughout history actually did right?

That's called an "exit". Seeing as an exit on the internet is not limited by costly physical constraints I really fail to see the point you're trying to make.

"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, 11:49:39 PM
 #30845

With respect to Nick Most-Likely-To-Be-Satoshi-And-That-Is-Worth-A-Lot-Even-If -He-Isn't Szabo, I despise the "$4 billion system" argument. Every one of those investors knows it is a high risk asset with the potential for a 1000x return (and therefore, by any reasonable economics or logic, enormous risks). These are not widows and orphans.

Maybe the block size increase is a bad idea and maybe XT is a bad way to do it, but that argument is absurd sensationalism at its worst.


Now, not yesterday, but today every bitcoin guru wannabe comes creeping out of the woodwork saying of course we need bigblocks but just something a tad different. I say hurry and sweep something together, build, test and distribute, or forever keep your peace.

iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 16, 2015, 11:51:24 PM
 #30846

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).


Fiat, LOL.

Do you know what the phrase "ATOMIC TRANSACTION" means?   Cheesy

(Keep acting stupid, I can do this all day.)

Keep acting smart.


NMF you started blathering about fiat nonsense in a discussion about crypto and e-cash.   Tongue

Don't worry, TWP and AT are our friends!

https://people.xiph.org/~greg/blockstream.gmaxwell.elements.talk.060815.pdf

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, 11:54:52 PM
 #30847

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).


Fiat, LOL.

Do you know what the phrase "ATOMIC TRANSACTION" means?   Cheesy

(Keep acting stupid, I can do this all day.)

Keep acting smart.


NMF you started blathering about fiat nonsense in a discussion about crypto and e-cash.   Tongue

Don't worry, TWP and AT are our friends!

https://people.xiph.org/~greg/blockstream.gmaxwell.elements.talk.060815.pdf

I couldn't be bothered to read that.

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 16, 2015, 11:57:35 PM
 #30848

"iCE, look.  i told you, you need to take your medications every day.  otherwise, the convulsions become uncontrollable. 

please, for your own good".  Cheesy
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 17, 2015, 12:02:58 AM
 #30849

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 ?

There is no censorship here or on the subreddit.

If you disagree, prove it by defecting from Core's flagship forums to https://voat.co/v/bitcoinxt.

Vote with your feet.  Knock us out with the alleged Gavincoin consensus of your supposed XT socioeconomic majority.

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
majamalu
Legendary
*
Offline Offline

Activity: 1652



View Profile WWW
August 17, 2015, 12:18:07 AM
 #30850


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"

Hey iCE! This is your opportunity to show us that you are not just a brainless bully.

http://elbitcoin.org - Bitcoin en español
http://mercadobitcoin.com - MercadoBitcoin
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
August 17, 2015, 12:20:01 AM
 #30851

With respect to Nick Most-Likely-To-Be-Satoshi-And-That-Is-Worth-A-Lot-Even-If -He-Isn't Szabo, I despise the "$4 billion system" argument. Every one of those investors knows it is a high risk asset with the potential for a 1000x return (and therefore, by any reasonable economics or logic, enormous risks). These are not widows and orphans.

Maybe the block size increase is a bad idea and maybe XT is a bad way to do it, but that argument is absurd sensationalism at its worst.

If anyone is aware Bitcoin is an experiment, it is Nick Szabo.

The specific figure is of no particular matter to his argument, but it's worth noting the experiment has gained considerable scope, such that a significant real world financial aspect exists and should be taken into account (in this case, by the Planning Dept.).

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 17, 2015, 12:23:48 AM
 #30852

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).


Fiat, LOL.

Do you know what the phrase "ATOMIC TRANSACTION" means?   Cheesy

(Keep acting stupid, I can do this all day.)

Keep acting smart.


NMF you started blathering about fiat nonsense in a discussion about crypto and e-cash.   Tongue

Don't worry, TWP and AT are our friends!

https://people.xiph.org/~greg/blockstream.gmaxwell.elements.talk.060815.pdf

I couldn't be bothered to read that.


OK, here's the version for verbal learners:

https://www.youtube.com/watch?v=9pyVvq-vrrM

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 17, 2015, 12:28:38 AM
 #30853


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"

Hey iCE! This is your opportunity to show us that you are not just a brainless bully.

I've already shown you.  Only the simpletons clinging to "because offended" are unable to recognize the insights.

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 17, 2015, 12:29:31 AM
 #30854

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).


Fiat, LOL.

Do you know what the phrase "ATOMIC TRANSACTION" means?   Cheesy

(Keep acting stupid, I can do this all day.)

Keep acting smart.


NMF you started blathering about fiat nonsense in a discussion about crypto and e-cash.   Tongue

Don't worry, TWP and AT are our friends!

https://people.xiph.org/~greg/blockstream.gmaxwell.elements.talk.060815.pdf

I couldn't be bothered to read that.


OK, here's the version for verbal learners:

https://www.youtube.com/watch?v=9pyVvq-vrrM

I couldn't be bothered to watch that.
sAt0sHiFanClub
Sr. Member
****
Offline Offline

Activity: 364


Warning: Confrmed Gavinista


View Profile WWW
August 17, 2015, 12:31:11 AM
 #30855


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

But thats it - you're not arguing, you are just saying.  

sidechains require far more fundamental changes to bitcoin to work than anything being done in this patch.

We must make money worse as a commodity if we wish to make it better as a medium of exchange
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
August 17, 2015, 12:34:11 AM
 #30856


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

But thats it - you're not arguing, you are just saying.  

sidechains require far more fundamental changes to bitcoin to work than anything being done in this patch.

 Huh

Do you even know what you're talking about?

"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
sAt0sHiFanClub
Sr. Member
****
Offline Offline

Activity: 364


Warning: Confrmed Gavinista


View Profile WWW
August 17, 2015, 12:34:28 AM
 #30857

..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?

Im just here observing your desperation curve, wondering where it will intersect the bitcoinXT adoption curve.

 Grin Grin Grin  

We must make money worse as a commodity if we wish to make it better as a medium of exchange
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
August 17, 2015, 12:40:10 AM
 #30858

With respect to Nick Most-Likely-To-Be-Satoshi-And-That-Is-Worth-A-Lot-Even-If -He-Isn't Szabo, I despise the "$4 billion system" argument. Every one of those investors knows it is a high risk asset with the potential for a 1000x return (and therefore, by any reasonable economics or logic, enormous risks). These are not widows and orphans.

Maybe the block size increase is a bad idea and maybe XT is a bad way to do it, but that argument is absurd sensationalism at its worst.

If anyone is aware Bitcoin is an experiment, it is Nick Szabo.

The specific figure is of no particular matter to his argument

That's exactly why including it is sensationalism.

Although I have to say to me it has the opposite effect: Only $4 billion? Good, still very safe to take some changes.

sAt0sHiFanClub
Sr. Member
****
Offline Offline

Activity: 364


Warning: Confrmed Gavinista


View Profile WWW
August 17, 2015, 12:40:36 AM
 #30859


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

But thats it - you're not arguing, you are just saying.  

sidechains require far more fundamental changes to bitcoin to work than anything being done in this patch.

 Huh

Do you even know what you're talking about?

make a point or shut up.

We must make money worse as a commodity if we wish to make it better as a medium of exchange
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
August 17, 2015, 12:41:57 AM
 #30860

With respect to Nick Most-Likely-To-Be-Satoshi-And-That-Is-Worth-A-Lot-Even-If -He-Isn't Szabo, I despise the "$4 billion system" argument. Every one of those investors knows it is a high risk asset with the potential for a 1000x return (and therefore, by any reasonable economics or logic, enormous risks). These are not widows and orphans.

Maybe the block size increase is a bad idea and maybe XT is a bad way to do it, but that argument is absurd sensationalism at its worst.

If anyone is aware Bitcoin is an experiment, it is Nick Szabo.

The specific figure is of no particular matter to his argument

That's exactly why including it is sensationalism.

Although I have to say to me it has the opposite effect: Only $4 billion? Good, still very safe to take some changes. Or maybe: Only $4 billion? This thing obviously still needs a lot of work.



Pages: « 1 ... 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!