philipma1957
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'The right to privacy matters'
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June 04, 2017, 12:40:49 AM |
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I'm with Biffa on this one. That's always been the end game in my view...mining for tx fees. The other variables...spot, network activity, etc...only make it look a bit better. Segwit is not the answer. I do code, and I don't like what I see. I think Kano and I share that view. Segwit is the death of btc . Btc has delayed a long time to do anything at all. alt coins now own more then 54 % of the wealth of cryptocoins http://coinmarketcap.com/The scaling delay may be very good for alt coins . Well we will see what happens if segwit is forced onto btc. My guess is BTC will lose a lot of value to alts. Of course my guesses really suck some of the time.
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firetreeactual
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June 04, 2017, 01:34:11 AM |
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I dinna think you're that far off on that one, laddie...LOL... EDIT: What I mean is...right on, Phil...
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To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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Biodom
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June 04, 2017, 01:38:58 AM |
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I'm with Biffa on this one. That's always been the end game in my view...mining for tx fees. The other variables...spot, network activity, etc...only make it look a bit better. Segwit is not the answer. I do code, and I don't like what I see. I think Kano and I share that view. Segwit is the death of btc . Of course my guesses really suck some of the time. All of the above including quotes are just individual persons opinions. Respectfully, I disagree, but I agree that it is, perhaps, too late. There is also a possibility that bitcoin goes myspace on us. That would suck big time. I am not sure what will happen, though. Maybe one chain/version would clearly win (by a knockout), but most likely not. Last time I thought that bitcoin is about to go down was at $1100 and here we are at $2500, so I am joining the "my guesses suck some of the time" club.
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philipma1957
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'The right to privacy matters'
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June 04, 2017, 01:41:42 AM |
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I'm with Biffa on this one. That's always been the end game in my view...mining for tx fees. The other variables...spot, network activity, etc...only make it look a bit better. Segwit is not the answer. I do code, and I don't like what I see. I think Kano and I share that view. Segwit is the death of btc . Of course my guesses really suck some of the time. All of the above including quotes are just individual persons opinions. Respectfully, I disagree, but I agree that it is, perhaps, too late. there is possibility that bitcoin goes myspace on us. That would suck big time. I am not sure what will happen, though. Maybe one chain/versio would clearly win, most likely not. Last time I thought that bitcoin goes down was at $1100 and here we are at $2500, so I am joining the "my guesses suck some of the time" club. There is some serious money in the game. 91 billion market cap is amazing.
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Biodom
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June 04, 2017, 01:49:50 AM |
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I'm with Biffa on this one. That's always been the end game in my view...mining for tx fees. The other variables...spot, network activity, etc...only make it look a bit better. Segwit is not the answer. I do code, and I don't like what I see. I think Kano and I share that view. Segwit is the death of btc . Of course my guesses really suck some of the time. All of the above including quotes are just individual persons opinions. Respectfully, I disagree, but I agree that it is, perhaps, too late. there is possibility that bitcoin goes myspace on us. That would suck big time. I am not sure what will happen, though. Maybe one chain/versio would clearly win, most likely not. Last time I thought that bitcoin goes down was at $1100 and here we are at $2500, so I am joining the "my guesses suck some of the time" club. There is some serious money in the game. 91 billion market cap is amazing. yep, crypto exceeded pound sterling at 87.5 bil (2008 numbers). This counts ONLY the paper money, of course. https://en.wikipedia.org/wiki/Circulation_(currency)
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kano (OP)
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Linux since 1997 RedHat 4
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June 04, 2017, 04:32:54 AM |
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Hey all. Bitcoin will not remain popular if you dont signal segwit. Without the blocksize increase people will be pushed to alternatives. And if bitcoin loses its no1 spot, it will not look as appealing and that will reduce the value of the coins you mine. So just a heads up. Have a nice day.
SegWit is not a block size solution. SegWit is a bunch of code changes to change the Core screwup called P2SH SegWit is one way to resolve malleability. That is it's design - even it's name is that: Segregated Witness. What is that name? Segregating the witness data from the transaction hash so that the crappy designed P2SH doesn't have malleability. So what if it has malleability? That is an accounting issue. If you write software that allows P2SH transactions, then you need to understand that transaction numbers can change. No big deal for anyone but a moron who who shouldn't be coding. Unfortunately, that isn't the only code in SegWit. Core decided to pretend it was a block size solution to make people think it was necessary. I created a thread on that subject ... asking why is SegWit necessary ... I'm not convinced anyone has given an answer to that ... Core has stated clearly that they want the Lightning Network. That is their road map. SegWit means they can do LN - they need the changes that they call 'SegWit' to allow them to do LN. LN's design is to the detriment of mining. Mining is the design of Bitcoin - that is how it works - that is in the original design document - that is why we are here. If you want some other coin, then go create it ... ... ... and get your great following to use that coin Just coz you want to rant and rave about your person opinion about what you want, doesn't mean that the rest of the world wants what you want. Core aren't getting their vote. So they come up with "Hey lets force everyone to do what we want" Funny, I always though Bitcoin was a Peer2Peer transaction system, not a centrally controlled, by Core, source of money for Core's pockets. Stop posting here ... as I have told you MANY times.
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in2tactics
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June 04, 2017, 07:31:47 AM |
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Hey all. Bitcoin will not remain popular if you dont signal segwit. Without the blocksize increase people will be pushed to alternatives. And if bitcoin loses its no1 spot, it will not look as appealing and that will reduce the value of the coins you mine. So just a heads up. Have a nice day.
... Stop posting here ... as I have told you MANY times. The problem is that folks such as this have no critical thinking skills. They are going to continue their mindless rants and agenda pushes regardless of how many times you point out the obvious because they are simply incapable of being reasoned with.
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Current HW: 2x Apollo, 2x Apollo BTC, 2x Apollo II Retired HW: 3x 2PAC, 3x Moonlander 2, 2x AntMiner S7-LN, 5x AntMiner U1, 2x ASICMiner Block Erupter Cube, 4x AntMiner S3, 4x AntMiner S1, GAW Black Widow, and ZeusMiner Thunder X6
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kano (OP)
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June 04, 2017, 07:50:50 AM |
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Block! by blockmines 3 in a row! S9v2
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os2sam
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Think for yourself
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June 04, 2017, 11:32:14 AM |
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Hi, if this pool does not have any plan to signal SegWit what is the plan? Bitcoin needs scaling yesterday
Supply and Demand works just fine. So we, and Bitcoin, can wait for a proper block size scaling solution. To correct the problem that SegWit is supposed to solve is easy, just remove the P2SH fiasco. It was an idea, not a good one, but it obviously failed so just correct that one error.
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A: Because it messes up the order in which people normally read text. Q: Why is top-posting such a bad thing? A: Top-posting. Q: What is the most annoying thing on usenet and in e-mail?
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os2sam
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Think for yourself
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June 04, 2017, 11:34:25 AM |
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*edit* I know i am probably being annoying. But you are being annoying too.
I'm glad you know your annoying. Now only if you understood why. You, and many others, can't comprehend simple economics which was the cornerstone of Bitcoin.
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A: Because it messes up the order in which people normally read text. Q: Why is top-posting such a bad thing? A: Top-posting. Q: What is the most annoying thing on usenet and in e-mail?
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ComputerGenie
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June 04, 2017, 11:46:41 AM |
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...Miners figured out activating segwit on litecoin was a good idea. And look how well they have done for themselves. The price of that coin increased 10 fold...
Setting aside that Bitcoin isn't Litecoin, that this has been discussed far too many times on this thread already, and that the pool op has already expressed concerns with both segwit code and implementation ad nauseam .... The price of BTC one year ago was 17% of what it is now (and that was 2x what it was the year before). I'm going to go out on a limb and say, "Bitcoin, while it does need improvements, is doing just fine without segwit". Just let it be clear that if bitcoin price starts dumping it will be because miners did nothing but count their blocks until price collapsed, and at that point it will be too late to correct the ship. Certainly going to be a long time until bitcoin gains momentum again (if ever).
Just let it be clear that the bitcoin price will start "dumping" at some point; it's called a "market correction". And while price may be an indicator of something, it's not everything. Anyone with a handful of cash or a vault of old coins (from when CPUs were king) could get bored and shoot or dump any coin at any given time.
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If you have to ask "why?", you wouldn`t understand my answer. Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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os2sam
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Think for yourself
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June 04, 2017, 11:47:07 AM |
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Second of all you are just a troll. So im not going to bother wasting more time on you.
Best news I've heard all day, regardless of who is actually the troll.
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A: Because it messes up the order in which people normally read text. Q: Why is top-posting such a bad thing? A: Top-posting. Q: What is the most annoying thing on usenet and in e-mail?
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os2sam
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Think for yourself
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June 04, 2017, 11:50:36 AM |
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Just let it be clear that if bitcoin price starts dumping it will be because miners did nothing but count their blocks until price collapsed, and at that point it will be too late to correct the ship. Certainly going to be a long time until bitcoin gains momentum again (if ever).
If Bitcoin really can't survive without constant micromanaging the it is a failure and should be allowed to die. But, as history has shown, it is a success as is, and as was, and can and will continue to prosper, if allowed to.
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A: Because it messes up the order in which people normally read text. Q: Why is top-posting such a bad thing? A: Top-posting. Q: What is the most annoying thing on usenet and in e-mail?
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philipma1957
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'The right to privacy matters'
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June 04, 2017, 12:00:50 PM |
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...Miners figured out activating segwit on litecoin was a good idea. And look how well they have done for themselves. The price of that coin increased 10 fold...
Setting aside that Bitcoin isn't Litecoin, that this has been discussed far too many times on this thread already, and that the pool op has already expressed concerns with both segwit code and implementation ad nauseam .... The price of BTC one year ago was 17% of what it is now (and that was 2x what it was the year before). I'm going to go out on a limb and say, "Bitcoin, while it does need improvements, is doing just fine without segwit". Just let it be clear that if bitcoin price starts dumping it will be because miners did nothing but count their blocks until price collapsed, and at that point it will be too late to correct the ship. Certainly going to be a long time until bitcoin gains momentum again (if ever).
Just let it be clear that the bitcoin price will start "dumping" at some point; it's called a "market correction". And while price may be an indicator of something, it's not everything. Anyone with a handful of cash or a vault of old coins (from when CPUs were king) could get bored and shoot or dump any coin at any given time. Hey we agree and I will go 1 more step it is providing a reason for the continued growth of Alt coins. Basically the reason is 16 million coins in wallets that can be accessed with a password. Are easy pickings for alt coin miners.I think it scares people to see BTC at 44% of the market when it was at 70% of the market. In reality it is big and its growth has slowed a bit. Think of a young mother duck being followed by it babies. Those babies have a lot to catch up. The young mother has a little more growth to go.
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ComputerGenie
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June 04, 2017, 12:14:45 PM |
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I have no doubt that the 1st segwit clusterf@ck (yes, we will get stuck with it someday, unless someone devs a new, popular wallet that isn't Core; and, yes, there will be at least one massive clusterf@ck with it) will send the BTC/USD price downwards by no less than 50% of whatever it is at that time. Of note: I have no evidence to support my downward-spiral belief other than my gut and trading experiences.
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If you have to ask "why?", you wouldn`t understand my answer. Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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kano (OP)
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Linux since 1997 RedHat 4
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June 04, 2017, 12:24:18 PM |
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Hi, ... Jack shit. Sad.
Sigh - ruined my breakfast You clearly are a moron. You keep ranting about how my decision not to signal SegWit on this pool is going to be the end of Bitcoin. Awsome! I have the power to destroy Bitcoin ... I feel like I'm now elevated to evil manga protagonist level "Fear is freedom! Subjugation is liberation! Contradiction is truth! Those are the facts of this world! And you will all surrender to them ..." ... I have repeatedly explained why I do not wish to signal SegWit. You clearly are unable to read or are just a complete troll. Which is it? ... and I wonder which other accounts you have here on the forum I'll go back and delete your posts yet again.
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ComputerGenie
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June 04, 2017, 12:24:31 PM |
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...Besides, miners are not letting bitcoin prosper thats my point, are you even listening?...
OK, you're all about "price", how is the fact that 24 months ago the price was less than 10% of what it is now something that isn't "prosperous"?
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If you have to ask "why?", you wouldn`t understand my answer. Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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ComputerGenie
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June 04, 2017, 12:26:09 PM |
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...Awsome! I have the power to destroy Bitcoin ... I feel like I'm now elevated to evil manga protagonist level ... And how is that any different for your normal daily perspective?
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If you have to ask "why?", you wouldn`t understand my answer. Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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ComputerGenie
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June 04, 2017, 12:37:08 PM |
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Ah yes, kano is now resorting to censorship because he feels bad for not signalling SegWit....
While I'm usually the 1st to call him out on deleting, the fact is that you don't have a case. You're wrong (on too many levels to get into). Not only are your repeated and reiterated segwit claims unsupported by you, they are non-supportable because they are all just a matter of speculation. ...PS. if you delete any more of the posts i will post about your behavior on reddit.
No adult gives a rat's ass about what some random crybaby on reddit has to say.
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If you have to ask "why?", you wouldn`t understand my answer. Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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kano (OP)
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Linux since 1997 RedHat 4
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June 04, 2017, 12:39:58 PM |
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Ah yes, kano is now resorting to censorship because he feels bad for not signalling SegWit....
While I'm usually the 1st to call him out on deleting, the fact is that you don't have a case. You're wrong (on too many levels to get into). Not only are your repeated and reiterated segwit claims unsupported by you, they are supportable because they are all just a matter of speculation. ...PS. if you delete any more of the posts i will post about your behavior on reddit.
No adult gives a rat's ass about what some random crybaby on reddit has to say. Lulz I've delete most of his posts before now also ... Wooo I'll see my name on reddit again Hopefully he'll include the Kill la Kill quote
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