DooMAD
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Leave no FUD unchallenged
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January 12, 2015, 05:55:13 PM |
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At the end of the day, everyone is going to do what they think is best for Bitcoin. And that's what you should all be thankful for, because you're free to choose. You can argue about it if you really want to, or you can just support your preferred option and see how it plays out.
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allthingsluxury
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Activity: 1540
Merit: 1029
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January 12, 2015, 06:25:29 PM |
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It will be very interesting to see how this all unfolds.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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a fool and his money ...
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January 13, 2015, 01:07:06 AM |
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There should be a small fork before the next block reward halving, maybe raise the size limit to 1.5MB just to hold the hands of the crybabies. Then after the halving, raise it to 25MB. I don't understand the reluctance of upgrading. When Bitcoin came out most people were still using Windows XP. All they're doing is changing a number FFS!
what's a 'small fork'? Something like 'a little pregnant'? |
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altcoin hitler
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January 13, 2015, 03:27:59 AM
Last edit: January 13, 2015, 03:45:57 AM by altcoin hitler |
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I'm dumping into alts. Fork you!
Bitcoin has become serious monkeybusiness
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Atruk
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January 13, 2015, 05:19:13 AM |
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I will vote with MP and tvbcof. I don't think the new fork will be economical to mine or use.
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cyberpinoy
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January 13, 2015, 05:37:16 AM |
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what about the news story where gavin so strupidly advised newcomber basically not to waste thier time on bicoins investments? https://bitcointalk.org/index.php?topic=921669.0 how will this shit help us increase awareness and the value of bitcoins. Seems to me someone was bought off by the banks, So not even bitcoin developers are strong enough to "Just Say No" to banks dollars. It would be nivce if he would spread some of that pay off to the people who worked thier asses off in this project of his. |
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solex
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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January 13, 2015, 05:39:42 AM |
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I will vote with MP and tvbcof. I don't think the new fork will be economical to mine or use.
Lets say for example we set a Target, that the average Blocksize is always 80% of max. Blocksize and adjust the max. Blocksize by max. +-20% all 2016 Blocks to meet this Target.
This would ensure that Blockchain space always remains scarce, therefore ensuring TX fees for fast transaction, by at the same time ensuring that it will always be possible to make a transaction.
I'm looking forward to learn why this wouldn't work.
The problem with this is that some pools still mine blocks where the only transaction is the one that awards them their subsidy, and that can really poison averages. Than change it to The average of the biggest 50% of all Blocks mined every 2016 Blocks. That would also mean that at least 50% of all miner would have to agree that a increase of the max. blocksize is necessary and also ensuring no minority can keep an increase from happening. So (numbers changed a little): Target: Average Blocksize of the biggest 1008 Blocks is always 90% of max. Blocksize Adjustment: Max. Blocksize, max. +-20% all 2016 Blocks to meet this Target. Isn't it amazing the difference adding one small caveat makes. This is why I'd default to trusting Gavin's judgement, because everyone is trying to smash all of these ideas in his face and he has to make decisions that protect brilliant ideas from naive attacks. http://www.schneier.com/blog/archives/2011/04/schneiers_law.htmlSo, what changed? |
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calaber24p
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Activity: 156
Merit: 100
If this is life , then I prefer death !
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January 13, 2015, 06:11:43 AM |
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Bitcoin can be hi-jacked by a simple majority?
The ALT coins can fork.
But once a crypto is past the age of 4. Or $10m in marketcap.
No you do not fork.
Bitcoin the only value it has against the ALTs is that it will not fork, because it is impossible to establish a 99% consensus.
Want a better 'bitcoin' make one
Launch it on the market.
Hell give a snap shot distribution to the bitcoin holders.
Let the market, not a group of devs decide.
Oh fuck off, how do you make anything better and more efficient then? Going through these threads more and more makes me think open source projects suck. No one wants to take leadership and do what at least they think is best for the project. I say just do it and watch the whiners slither back into their holes and do nothing about it. |
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railzand (OP)
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Merit: 250
Lux e tenebris
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January 13, 2015, 12:33:08 PM |
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So, what changed?
The landscape for bitcoin mining will be completely different at the end of 2013 than the beginning.
Yes, change happens. It is inevitable, like death and taxes. Rocks do it.
Opinions do it.
Gavin Andresen did it.
Even Lords of La Serenissima do it.
Every one of us will change, many times over, thoroughly, completely, and again, because bitcoin was invented: 23:48:53 mircea_popescu: reminds me of a much older but quite central asciilifeform point : "These fools have been handed a technology so clever, so disruptive and revolutionary, that the rulers of the world would have to fully unmask themselves as ruthless tyrants in order to suppress it, ? or give up their thrones on their own free will ? if it were used correctly, that is." And we propose to change it? Are we so arrogant that we can say we begin to know bitcoin's correct uses? Maybe they are just the microtransactions, drugs and poker that this fork would lead to? I doubt it, because that sounds very much like the status quo, but with crypto, yo. |
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cbeast
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Merit: 1014
Let's talk governance, lipstick, and pigs.
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January 13, 2015, 12:36:19 PM |
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And we propose to change it? Are we so arrogant that we can say we begin to know bitcoin's correct uses? Maybe they are just the microtransactions, drugs and poker that this fork would lead to? I doubt it, because that sounds very much like the status quo, but with crypto, yo. There are thousands of altcoins that can serve niche markets. Bitcoin has a greater destiny... or fate. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Flashman
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January 13, 2015, 12:41:36 PM |
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Upon release, core 0.1, did it even HAVE a block size limit?
So much anguish over removing a bandaid and replacing it with a knee pad.
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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wang_yan
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January 13, 2015, 12:42:08 PM |
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I will vote with MP and tvbcof. I don't think the new fork will be economical to mine or use.
I don't understand why Gavin is in such a hurry? |
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inBitweTrust
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January 13, 2015, 12:47:01 PM |
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I don't understand why Gavin is in such a hurry?
He has been planning, testing and discussing this for at least 3 months. ( http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/) It would be good to accomplish this before the next bubble where transactions could grow beyond 7tps (which is the ideal maximum now). |
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davout
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1davout
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January 13, 2015, 01:41:24 PM |
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It would be good to accomplish this
No. the next bubble
k. |
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jbreher
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lose: unfind ... loose: untight
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January 14, 2015, 08:17:56 AM |
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It would be good to accomplish this
No. the next bubble
k. Ummm... really? davout? For a formerly important participant in this experiment, where the heck have you been? |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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inBitweTrust
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January 14, 2015, 11:54:18 AM |
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 Expect to see more of these... more often ... one megabyte isn't going to be enough...  |
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statdude
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January 14, 2015, 10:54:29 PM |
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What are the characteristics of proposed fork in a nutshell?
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matt4054
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January 14, 2015, 10:58:23 PM |
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What are the characteristics of proposed fork in a nutshell?
Extending max. blocksize from 1 MB to 20 MB. That's it. |
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Jammalan the Prophet
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January 14, 2015, 11:18:38 PM |
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I don't know if anybody has calculated this before as it seems pretty stupid , but how much it will cost in transaction fees to fill all the blocks to the maximum ?
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solex
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100 satoshis -> ISO code
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January 14, 2015, 11:24:28 PM |
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I don't know if anybody has calculated this before as it seems pretty stupid , but how much it will cost in transaction fees to fill all the blocks to the maximum ?
Right now. Less than 1 BTC per block, roughly 100 BTC per day. Which is a relatively cheap attack. The limit creates an increasing risk of this event as normal tx volumes approach it. |
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