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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 1981030 times)
iCEBREAKER
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August 17, 2015, 01:46:07 PM
 #30921

XTcharts has been on fire ever since fake XT nodes became available!



 Cheesy Cheesy Cheesy

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

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


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
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Erdogan
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August 17, 2015, 01:51:23 PM
 #30922

We have been reminded, by the pretention nodes, that there is always a risk of a largeblock being orphaned, especially the first one, then the next one that is larger, and so on. Not only due to timing, verification of the block, the technical stuff, but also the willingness of others to build on it. In business, the risk transforms directly to cost.

After a block of 2MB for example, the risk is reduced for blocks up to and including that exact size. We will therefore in the future see step increases in the blocksize, with retraction in between due to the varying demand. The typical leg up, stability, another leg up pattern, all market based.




cypherdoc
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August 17, 2015, 02:01:28 PM
 #30923

We have been reminded, by the pretention nodes, that there is always a risk of a largeblock being orphaned, especially the first one, then the next one that is larger, and so on. Not only due to timing, verification of the block, the technical stuff, but also the willingness of others to build on it. In business, the risk transforms directly to cost.

After a block of 2MB for example, the risk is reduced for blocks up to and including that exact size. We will therefore in the future see step increases in the blocksize, with retraction in between due to the varying demand. The typical leg up, stability, another leg up pattern, all market based.





Yes, tip  toeing forward according to fundamentals, both technical and economic.
cypherdoc
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August 17, 2015, 02:02:48 PM
 #30924

We have been reminded, by the pretention nodes, that there is always a risk of a largeblock being orphaned, especially the first one, then the next one that is larger, and so on. Not only due to timing, verification of the block, the technical stuff, but also the willingness of others to build on it. In business, the risk transforms directly to cost.

After a block of 2MB for example, the risk is reduced for blocks up to and including that exact size. We will therefore in the future see step increases in the blocksize, with retraction in between due to the varying demand. The typical leg up, stability, another leg up pattern, all market based.





Yes, tip  toeing forward according to fundamentals, both technical and economic.

Spammers can try to influence that progression but it will cost them.
Paashaas
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August 17, 2015, 02:08:56 PM
 #30925

The 1MB'ers are happy watching that adoption isn't growing anymore. Stupidity at its best.

I agree, it's always the same story; ppl dont like to come out of there comfort zone.

To much noob bitching all over the place, i'll take a Bitcoin break, everything will be all fine.
Zarathustra
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August 17, 2015, 02:18:55 PM
 #30926

Quote of the Year (2012): "I lean towards Anarchism"

https://en.wikipedia.org/wiki/User:Theymos
Peter R
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August 17, 2015, 03:40:23 PM
 #30927

Hey Guys,

I'm thinking it's time for me to leave /r/bitcoin (or at least begin making an exit).  There seem to be three good migration choices:

/r/bitcoin_uncensored        1,403 subscribers

/r/bitcoinxt                      2,390 subscribers
 
/r/btc                              625 subscribers

On a strictly "what is the best name?" basis, I prefer /r/btc.  Bitcoin_uncensored will come across as dramatic and childish when this ordeal blows over and bitcoinxt will appear too tightly-coupled to a particular implementation of bitcoin (the very problem we are trying to avoid). 

So, I think I prefer /r/btc; however, it has the smallest readership at the moment.  What are other peoples' thoughts?

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
Bagatell
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August 17, 2015, 03:55:25 PM
 #30928

All of the above, Multis ftw.
cypherdoc
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August 17, 2015, 04:19:39 PM
 #30929

564
rocks
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August 17, 2015, 04:33:52 PM
 #30930

Hey Guys,

I'm thinking it's time for me to leave /r/bitcoin (or at least begin making an exit).  There seem to be three good migration choices:

/r/bitcoin_uncensored        1,403 subscribers

/r/bitcoinxt                      2,390 subscribers
 
/r/btc                              625 subscribers

On a strictly "what is the best name?" basis, I prefer /r/btc.  Bitcoin_uncensored will come across as dramatic and childish when this ordeal blows over and bitcoinxt will appear too tightly-coupled to a particular implementation of bitcoin (the very problem we are trying to avoid). 

So, I think I prefer /r/btc; however, it has the smallest readership at the moment.  What are other peoples' thoughts?

I unsubscribed from /r/bitcoin and subscribed to all of the above. Not sure which is the right path, but they are all better than thermos' Stalinist utopia. 
cypherdoc
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August 17, 2015, 04:35:26 PM
 #30931

Hey Guys,

I'm thinking it's time for me to leave /r/bitcoin (or at least begin making an exit).  There seem to be three good migration choices:

/r/bitcoin_uncensored        1,403 subscribers

/r/bitcoinxt                      2,390 subscribers
 
/r/btc                              625 subscribers

On a strictly "what is the best name?" basis, I prefer /r/btc.  Bitcoin_uncensored will come across as dramatic and childish when this ordeal blows over and bitcoinxt will appear too tightly-coupled to a particular implementation of bitcoin (the very problem we are trying to avoid). 

So, I think I prefer /r/btc; however, it has the smallest readership at the moment.  What are other peoples' thoughts?

I unsubscribed from /r/bitcoin and subscribed to all of the above. Not sure which is the right path, but they are all better than thermos' Stalinist utopia. 

use this:  https://www.reddit.com/r/bitcoinxt/comments/3ha129/thoughts_on_normalizing_this_new_sub_and_killing/cu5ufhl
lunarboy
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August 17, 2015, 04:36:03 PM
 #30932

The 1MB'ers are happy watching that adoption isn't growing anymore. Stupidity at its best.


Stupidity is pretending that "adoption" and "growth" is all about users & transactions.

Probably one of your more stupid posts.

brg444 is correct.  EG:



Closed minded stubbornness it pretending it's not.

The reason for these phenomenal VC investments has nothing to do with the 'block size debate'  this false cause fallacy, is yet another desperate attempt to argue some hidden agenda  and self interest, in the face of overwhelming contrary evidence.
rocks
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August 17, 2015, 04:37:47 PM
 #30933

564

Still no blocks though apparently. There needs to be statements from the pool operators telling miners how they are voting. Right now I think most are being neutral to not lose anyone (either way), but at some point miners will want to know what the pools plan to do so they can migrate to pools aligned with them.  
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August 17, 2015, 04:42:10 PM
 #30934

amazing:

https://www.reddit.com/r/bitcoin_uncensored/comments/3haocj/a_few_of_the_posts_deleted_on_rbitcoin_yesterday/
Adrian-x
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August 17, 2015, 04:42:53 PM
 #30935

Hey Guys,

I'm thinking it's time for me to leave /r/bitcoin (or at least begin making an exit).  There seem to be three good migration choices:

/r/bitcoin_uncensored        1,403 subscribers

/r/bitcoinxt                      2,390 subscribers
 
/r/btc                              625 subscribers

On a strictly "what is the best name?" basis, I prefer /r/btc.  Bitcoin_uncensored will come across as dramatic and childish when this ordeal blows over and bitcoinxt will appear too tightly-coupled to a particular implementation of bitcoin (the very problem we are trying to avoid). 

So, I think I prefer /r/btc; however, it has the smallest readership at the moment.  What are other peoples' thoughts?

There is always cryptocrypt.org https://cryptocrypt.net/ it's what this website should have been iCE and cypher may be band after a single interaction, it was born from a similar conflict with theymos. I think it's still run by one of cyphers favorites the Goat.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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August 17, 2015, 04:44:00 PM
 #30936

564

Still no blocks though apparently. There needs to be statements from the pool operators telling miners how they are voting. Right now I think most are being neutral to not lose anyone (either way), but at some point miners will want to know what the pools plan to do so they can migrate to pools aligned with them.  

i've counted 3 pools so far.  it's early:

https://www.reddit.com/r/bitcoinxt/comments/3hbbxz/two_new_p2pools_you_can_join_mining_on_xt/
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August 17, 2015, 04:46:33 PM
 #30937

https://www.reddit.com/r/btc/comments/3hbmxz/theymos_is_breaking_3_rules_of_the_moddiquette_is/cu5xuaw
rocks
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August 17, 2015, 04:52:21 PM
 #30938

564

Still no blocks though apparently. There needs to be statements from the pool operators telling miners how they are voting. Right now I think most are being neutral to not lose anyone (either way), but at some point miners will want to know what the pools plan to do so they can migrate to pools aligned with them.  

i've counted 3 pools so far.  it's early:

https://www.reddit.com/r/bitcoinxt/comments/3hbbxz/two_new_p2pools_you_can_join_mining_on_xt/

The reason P2Pool never took off is because it's performance and rewards are sub-optimal and pay out less than other pools (only slightly but it's been enough to keep P2Pool from having wide adoption. )

So far as I can tell none of the major pools have committed either way and no mined XT blocks have been found.
rocks
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August 17, 2015, 04:57:26 PM
 #30939

People taking action at reddit against thermos

https://www.reddit.com/r/btc/comments/3hbmxz/theymos_is_breaking_3_rules_of_the_moddiquette_is/

It seems he has pretty clearly broken several basic rules for moderators. But reddit rarely takes action in these situations. I personally have only used reddit for /r/bitcoin. This is enough to make me simply delete my account and leave reddit entirely.

Then again this seems to work well enough
https://www.reddit.com/r/bitcoinxt/comments/3ha129/thoughts_on_normalizing_this_new_sub_and_killing/cu5t75i
cypherdoc
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August 17, 2015, 05:06:38 PM
 #30940

564

Still no blocks though apparently. There needs to be statements from the pool operators telling miners how they are voting. Right now I think most are being neutral to not lose anyone (either way), but at some point miners will want to know what the pools plan to do so they can migrate to pools aligned with them.  

i've counted 3 pools so far.  it's early:

https://www.reddit.com/r/bitcoinxt/comments/3hbbxz/two_new_p2pools_you_can_join_mining_on_xt/

The reason P2Pool never took off is because it's performance and rewards are sub-optimal and pay out less than other pools (only slightly but it's been enough to keep P2Pool from having wide adoption. )

So far as I can tell none of the major pools have committed either way and no mined XT blocks have been found.

this is true.  but i'd argue, this is exactly what we want to see and represents creative destruction in process.

disadvantaged p2pools are seeing an opportunity to level the playing field by attracting pro-XT hashers over to their pools to gain marketshare.  if we are correctly surmising the "economic majority" favoring XT, then large traditional pools need to be concerned with this migration if it occurs.  they stand to lose hashers.  of course, the flipside is true as well, by declaring one's use of XT software, they too could lose pro-Core hashers.  i still think XT is on the right side of this ultimately though.
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