Gold collapsing. Bitcoin UP.

[cypherdoc]

[sickpig]

http://www.8btc.com/blocksize-increase-2

Courtesy of google translator:

Beijing June 11, 2015, five Chinese mine pool jointly organized the "mine pool Technology Seminar" at the National Convention Center participating F2pool.com, BW.com, BTCChina, Huobi.com, Antpool.com five mine pool cell technology for ore-depth discussions and reached consensus on the expansion part of the block. They agreed that capacity is needed Bitcoin block size; in ensuring the premise of unified Bitcoin network intends in the next period of time to accept the size does not exceed 8MB (8,000,000Bytes) blocks.

edit: just found out there's already a thread in the speculation section https://bitcointalk.org/index.php?topic=1091170.0

[cypherdoc]

I now see full-node count as a red herring; the number of full nodes is dropping because we don't need that many full nodes (see my arguments above).  There's a huge gap between running bitcoin on a raspberry pie and "only the Googles of the world will be able to run bitcoin."  According to all my analysis, we are so far away from bitcoin being runnable by "a few mega corporations," that the "don't-increase-the-blocksize-because-centralization-arguments" come across as hyperbole to me.  

You are forgetting propagation delay and the need for IBLT to deal with it, which is a paradigm which will eventually hand a winner-take-all to the entities that can handle Visa volume on the block chain.

I believe before the big boys throw their transactions at Bitcoin, they want to make sure the paradigm is in place for them to capture it. Coinbase, Circle, Paypal, etc its all primed and ready to go after IBLT is implemented or large enough block size to handle the scale they want to throw at Bitcoin and force IBLT.

Mike Hearn and the Foundation appears to be captured by those big boys (TPTB).

Blockstream is attempting a rear guard and trying to not give them so much headroom all at once.

Or you might have two factions of the TPTB competing (since the end result if the same for as long as PoW is not fixed).

In any case, I don't really care. It is a morass and needs to be replaced by something that remains truly decentralized long-term.

you do realize the Foundation has been defunct for months now?

Or so you were lead to believe.

And the Rothschilds and Rockefellers also divested all their wealth too.

P.S. I am fairly certain Cypherdoc is a mouthpiece for TPTB. I posit he was purposely compromised by the HashFast offer to maintain his allegiance. This is their usual modus operandi. This is evident by his public role and other factors such as his denial of the fact that Bitcoin core is heading towards a centralized end game.

i am in agreement to talk with you on video Skype.  what's your handle?

yoohoo, TPTB_need_war, yoohoo.

yoohoo, TPTB_need_war, yoohoo.

hooohoooohoooo.

[Peter R]

I now see full-node count as a red herring; the number of full nodes is dropping because we don't need that many full nodes (see my arguments above).  There's a huge gap between running bitcoin on a raspberry pie and "only the Googles of the world will be able to run bitcoin."  According to all my analysis, we are so far away from bitcoin being runnable by "a few mega corporations," that the "don't-increase-the-blocksize-because-centralization-arguments" come across as hyperbole to me.  

You are forgetting propagation delay and the need for IBLT to deal with it, which is a paradigm which will eventually hand a winner-take-all to the entities that can handle Visa volume on the block chain.

I believe before the big boys throw their transactions at Bitcoin, they want to make sure the paradigm is in place for them to capture it. Coinbase, Circle, Paypal, etc its all primed and ready to go after IBLT is implemented or large enough block size to handle the scale they want to throw at Bitcoin and force IBLT.

Mike Hearn and the Foundation appears to be captured by those big boys (TPTB).

Blockstream is attempting a rear guard and trying to not give them so much headroom all at once.

Or you might have two factions of the TPTB competing (since the end result if the same for as long as PoW is not fixed).

In any case, I don't really care. It is a morass and needs to be replaced by something that remains truly decentralized long-term.

you do realize the Foundation has been defunct for months now?

Or so you were lead to believe.

And the Rothschilds and Rockefellers also divested all their wealth too.

P.S. I am fairly certain Cypherdoc is a mouthpiece for TPTB. I posit he was purposely compromised by the HashFast offer to maintain his allegiance. This is their usual modus operandi. This is evident by his public role and other factors such as his denial of the fact that Bitcoin core is heading towards a centralized end game.

i am in agreement to talk with you on video Skype.  what's your handle?

yoohoo, TPTB_need_war, yoohoo.

yoohoo, TPTB_need_war, yoohoo.

hooohoooohoooo.

Lol I just realized that you probably can't run bitcoin on a raspberry pie 

[cypherdoc]

I now see full-node count as a red herring; the number of full nodes is dropping because we don't need that many full nodes (see my arguments above).  There's a huge gap between running bitcoin on a raspberry pie and "only the Googles of the world will be able to run bitcoin."  According to all my analysis, we are so far away from bitcoin being runnable by "a few mega corporations," that the "don't-increase-the-blocksize-because-centralization-arguments" come across as hyperbole to me.  

You are forgetting propagation delay and the need for IBLT to deal with it, which is a paradigm which will eventually hand a winner-take-all to the entities that can handle Visa volume on the block chain.

I believe before the big boys throw their transactions at Bitcoin, they want to make sure the paradigm is in place for them to capture it. Coinbase, Circle, Paypal, etc its all primed and ready to go after IBLT is implemented or large enough block size to handle the scale they want to throw at Bitcoin and force IBLT.

Mike Hearn and the Foundation appears to be captured by those big boys (TPTB).

Blockstream is attempting a rear guard and trying to not give them so much headroom all at once.

Or you might have two factions of the TPTB competing (since the end result if the same for as long as PoW is not fixed).

In any case, I don't really care. It is a morass and needs to be replaced by something that remains truly decentralized long-term.

you do realize the Foundation has been defunct for months now?

Or so you were lead to believe.

And the Rothschilds and Rockefellers also divested all their wealth too.

P.S. I am fairly certain Cypherdoc is a mouthpiece for TPTB. I posit he was purposely compromised by the HashFast offer to maintain his allegiance. This is their usual modus operandi. This is evident by his public role and other factors such as his denial of the fact that Bitcoin core is heading towards a centralized end game.

i am in agreement to talk with you on video Skype.  what's your handle?

yoohoo, TPTB_need_war, yoohoo.

yoohoo, TPTB_need_war, yoohoo.

hooohoooohoooo.

Lol I just realized that you probably can't run bitcoin on a raspberry pie  

how many hoos can a yahoo like TPTB_need_war hoo?

answer:  zeroo

[cypherdoc]

wow, that shut his ass up quick didn't it? 

anyone who shills so hard for Martin Armstrong so much, who writes so poorly as Martin Armstrong so much (probably using spellchecker and grammar check), and who argues against Bitcoin as Martin Armstrong so much, probably is Martin Armstrong.

of course i could be entirely wrong.  which is why i'm perfectly fine to video Skype with TPTB_need_war.
 

[cypherdoc]

wow, that shut his ass up quick didn't it?  

anyone who shills so hard for Martin Armstrong so much, who writes so poorly as Martin Armstrong so much (probably using spellchecker and grammar check), and who argues against Bitcoin as Martin Armstrong so much, probably is Martin Armstrong.

of course i could be entirely wrong.  which is why i'm perfectly fine to video Skype with TPTB_need_war.
 

and, yahoo TPTB_need_war, if you are Martin Armstrong, don't you dare try to get a sit in for yahoo TPTB_need_war  because i will quiz that kid up the wazoo, you yahoo, on the massive content of what you've spammed in this thread which the poor kid would have no hope or understanding of that history.

[illodin]

Are you on the manic phase currently?

I thought you had him on ignore btw. 

[cypherdoc]

Are you on the manic phase currently?

I thought you had him on ignore btw. 

took him off obviously.

otoh, you should consider i have him trapped in a corner.  but i'm happy to be proven wrong.  all he has to do is video Skype.

[cypherdoc]

Are you on the manic phase currently?

I thought you had him on ignore btw.  

since you're so quick to defend him, defend his assertions that he was never going to return to this thread.  and how about his manic phase where he clogs up entire thread pages on end?

[TPTB_need_war]

i have him trapped in a corner

Lol. Yes he does. That corner in his mind.

[cypherdoc]

i have him trapped in a corner

Lol. Yes he does. That corner in his mind.

Skype address please 

[cypherdoc]

Big Bitcoin breakout underway.

[thezerg]

Big Bitcoin breakout underway.

ok you've made me go to bitcoinity.  This had better be good...

Edit: Big O notation is just a way to describe that the "order" of a function is less than that of another function, not counting the constant factor.

Typically used to describe CPU or memory complexity.  Painfully, people rarely identify the variables in their function or what complexity is being described.  So someone will say: "A bitcoin node scales as O(n)", but should really say "A bitcoin node's CPU use scales at O(t), where t = # of transactions, its disk use at O(b) where b = # of blocks, and memory use at O(u) where u = # of individual unspent accounts (UTXOs)"


EDIT2: ok, broke $250 (on all major exchanges) that IS good!

[cypherdoc]

we've broken over the top of resistance:

[cypherdoc]

Long term MACD confirming:

[cypherdoc]

Ouch, short squeeze up the ass.

[TPTB_need_war]

Sell at $320. Remember I told you all in May that rally was coming in June.

[cypherdoc]

Sell at $320. Remember I told you all in May that rally was coming in June.

oh, shut the hell up.

Skype address please.

[thezerg]

Sell at $320. Remember I told you all in May that rally was coming in June.

you say a lot of things.  A LOT of things.  You reply to yourself 20 times.  Your signal to noise ratio is frankly abysmally low.