Raystonn (OP)
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January 26, 2015, 10:48:48 PM |
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coinableS
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January 26, 2015, 10:58:45 PM |
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Yea that's pretty darn bullish for mainstream media news article
"The arrival of institutional investors in digital currencies is a big bang event. If you have doubted the viability of digital currencies, today may be a good day to re-evaluate this emerging asset class."
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blade87
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January 26, 2015, 11:00:03 PM |
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Bullish indeed. But it won't change the fact it will take some time for them to arrive (won't be an overnight thing) while the rest of the market still does its thing to try and call a bottom.
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kwukduck
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January 26, 2015, 11:15:31 PM |
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Very good news, now even the winkelvos guys are lying about bitcoin.
It fundamentally can't handle any relevant amount of transactions to ever become a real world payment system of any significant size.
The only way around it is to do off-chain transactions, which kinda blows away the whole point of bitcoin... I can't believe satoshi didn't address this severe limitation.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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Melbustus
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January 26, 2015, 11:27:17 PM |
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...I can't believe satoshi didn't address this severe limitation.
You're either disingenuous, a fool, or both. Note: It can be phased in, like:
if (blocknumber > 115000) maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
And: http://gavintech.blogspot.com/2015/01/looking-before-scaling-up-leap.html[done feeding the troll now]
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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kwukduck
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January 26, 2015, 11:35:49 PM |
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...I can't believe satoshi didn't address this severe limitation.
You're either disingenuous, a fool, or both. Note: It can be phased in, like:
if (blocknumber > 115000) maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
And: http://gavintech.blogspot.com/2015/01/looking-before-scaling-up-leap.html[done feeding the troll now] Ah yes let's do a hard fork... You know what an utter total mess that would cause at this stage right? Could have done that in the early days, but not any more. I for one won't support a hard fork as it would just be another alt coin. It would no longer be bitcoin.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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Raystonn (OP)
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January 26, 2015, 11:41:22 PM |
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There's no reason not to support a hard fork for this functionality. Your coins will be duplicated onto the new blockchain. Whichever is more successful will live on. The other will die.
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nakaone
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January 26, 2015, 11:43:33 PM |
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the comments below the articles are pure gold.
the most challenging thing will be to explain the very concept to the masses
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Bernard Lerring
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January 26, 2015, 11:44:35 PM |
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How would a hard fork work at this stage of the game?
Would the new block chain be generated by a handful of dev nodes and then the world would have to resync and let the new 'chain perpetuate throughout the network?
That would cause some serious downtime.
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chopstick
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January 26, 2015, 11:46:37 PM |
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I've had a lot of new people buy BTC from me who just recently heard about BTC. Interest is certainly growing.
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Raystonn (OP)
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January 26, 2015, 11:48:27 PM |
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I've had people ask to buy from me. I just tell them I'm not selling and point to exchanges. It drives the point home that this isn't something I'm trying to offload on them, but a precious commodity.
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B.A.S.
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January 27, 2015, 12:06:51 AM |
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...I can't believe satoshi didn't address this severe limitation.
You're either disingenuous, a fool, or both. Note: It can be phased in, like:
if (blocknumber > 115000) maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
And: http://gavintech.blogspot.com/2015/01/looking-before-scaling-up-leap.html[done feeding the troll now] Ah yes let's do a hard fork... You know what an utter total mess that would cause at this stage right? Could have done that in the early days, but not any more. I for one won't support a hard fork as it would just be another alt coin. It would no longer be bitcoin. I'm with you. I've read and heard so many opinions on a hard fork. Seriously, why are people pushing this? There is no technical manual in the world that states "go ahead and fix it, even if it is not broken." Gavin and company are trying to front run (eventual boom of BTC perhaps?) by increasing limits before the # of transactions even supports the need to because mining technology scalability in the future will be difficult, i.e. no more huge profits from coin creation; they are actually going to have to do something (process transactions). Complete BS if you ask me.
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okthen
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January 27, 2015, 12:08:56 AM |
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I was reading the comments on both news, the level of ignorance and stupidity I saw made me miss our bitcointalk trolls. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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mmitech
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things you own end up owning you
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January 27, 2015, 12:23:59 AM |
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Wow the comments in the articles though ... it really proves that we will get tons of adoption, like millions of users will be buying tomorrow and fighting for a piece of Bitcoin.
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Chef Ramsay
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January 27, 2015, 04:28:03 AM |
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Wow the comments in the articles though ... it really proves that we will get tons of adoption, like millions of users will be buying tomorrow and fighting for a piece of Bitcoin. I know, right..!? At least the seed has been planted in something other than a hitpiece and while I agree that these mouthy types may be severely reluctant to ever get involved but the fact that those that (in totality) read these articles read this on a site that they come to for investment insight, should bear fruit in times to come as they normally follow the pulse of the industry leaders. Plus or minus, I'd say that this footnote is gonna bring plenty of new interested parties into the long game here. Ones, that have no idea about bitcoin other than a positive article about such and have taken a mind to it yet have near to no time to bother themselves in the commentary section.
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sunnankar
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January 27, 2015, 06:01:28 AM |
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"The arrival of institutional investors in digital currencies is a big bang event. If you have doubted the viability of digital currencies, today may be a good day to re-evaluate this emerging asset class."
So true.
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bassclef
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January 27, 2015, 06:12:41 AM |
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It is becoming clear that a bull market is ahead of us this year.
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Melbustus
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January 27, 2015, 06:27:39 AM |
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How would a hard fork work at this stage of the game?
Would the new block chain be generated by a handful of dev nodes and then the world would have to resync and let the new 'chain perpetuate throughout the network?
That would cause some serious downtime.
No, as per Gavin's proposal, the block-increase code in bitcoind wouldn't become active until >80% of miners signaled agreement by updating the version number in the block-headers they create. Thus, even *after* the code is deployed, no fork *actually* occurs until there's irrefutable supermajority consensus. Thus, significant network disruption is unlikely. People telling you this planned fork will be some catastrophic crises scenario always seem to leave that part out...
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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kwukduck
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January 27, 2015, 06:28:25 AM |
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I think the comment section on those articles clearly show there is no going up for the value of bitcoin.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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freebit13
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January 27, 2015, 07:06:57 AM Last edit: January 27, 2015, 08:44:44 AM by freebit13 |
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How would a hard fork work at this stage of the game?
Would the new block chain be generated by a handful of dev nodes and then the world would have to resync and let the new 'chain perpetuate throughout the network?
That would cause some serious downtime.
No, as per Gavin's proposal, the block-increase code in bitcoind wouldn't become active until >80% of miners signaled agreement by updating the version number in the block-headers they create. Thus, even *after* the code is deployed, no fork *actually* occurs until there's irrefutable supermajority consensus. Thus, significant network disruption is unlikely. People telling you this planned fork will be some catastrophic crises scenario always seem to leave that part out... +1 As far as I understand it, this would not be a hard fork and it would be in the best interests of everyone, so I doubt it would be difficult to get the network to agree. Especially the miners.
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Decentralize EVERYTHING!
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