Bitcoin 20MB Fork

[cbeast]

Ideal Money tells you what the optimal block size should be

What does it say it should be? Can you quote the relevant section?

What kind of person thinks you can paraphrase genius?

It was meant to be not paraphrased. In the context of this op.

It's going to have to be paraphrased before it can be implemented.

This isn't going to cut it:

Code:

static const unsigned int MAX_BLOCK_SIZE = #include "ideal_money.pdf"

Someone might fork it.

Code:

static const unsigned int MAX_BLOCK_SIZE = #include "ideal_money.txt"

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[NxtChg]

This isn't going to cut it:

Code:

static const unsigned int MAX_BLOCK_SIZE = #include "ideal_money.pdf"

Of course not!

This is how you do it:

Code:

#include "ideal_money.pdf"

static const unsigned int MAX_BLOCK_SIZE = IDEAL_SIZE;

Problem solved.

[Pecunia non olet]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

[onemorebtc]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

gavincoin does not exist. bitbeans seems like the usual altcoin scam.

looking forward to a working bitcoin with new blocksizes

[Pecunia non olet]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

gavincoin does not exist. bitbeans seems like the usual altcoin scam.

looking forward to a working bitcoin with new blocksizes

yeah, well the testrun altcoin fell apart rather quickly. Can someone produce a proof of concept altcoin that's viable?

Shouldn't be too much to ask for...

[Buffer Overflow]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

gavincoin does not exist. bitbeans seems like the usual altcoin scam.

looking forward to a working bitcoin with new blocksizes

yeah, well the testrun altcoin fell apart rather quickly. Can someone produce a proof of concept altcoin that's viable?

Shouldn't be too much to ask for...

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

[Pecunia non olet]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

[R2D221]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Can you post a link for the [ANN] thread?

[Pecunia non olet]

got to say a couple of things:

1) what happens when limit of 1mb is reached is easiely predictable while 20MB hardfork is much less predictable outcome
2) no proof of concept has been established so far and maybe it even can't be. On testnet things look often times different than in the wild
3) being most vocal or toxic doesn't make you right
4) please read this article on 'groupthink', it applies here: http://en.wikipedia.org/wiki/Groupthink
5) i'm not here to waste my time with the usual toxic folks (r2d221 and mr. buffer) so signing out now. Have a good one.

[bri912678]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

I know nothing about bitbeans, but the new thread says it's still working. It sounds like a POS coin that started briefly as POW. That's nothing like bitcoin.

https://bitcointalk.org/index.php?topic=969676.0

[Pecunia non olet]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

I know nothing about bitbeans, but the new thread says it's still working. It sounds like a POS coin that started briefly as POW. That's nothing like bitcoin.

https://bitcointalk.org/index.php?topic=969676.0

go to last page of the new thread. Network is forked up and new blocks are only found every couple of hours. It essentially fell apart.

edit: well, i haven't tested the client so far. But i think it's worth having an eye on it if it can be functional or not. So far marketcap is 36k$ which isn't a wildly successful coin.
Maybe i'm mistaken and it's still functional - but for how long?
pos or pow doesn't make a big difference as it's just a proof of concept coin for 20mb blocks.

So far it has been a bit of a disappointment and wasn't able to rise above the scam- and shitcoins and i'm honestly not sure if it can reach a half decent marketcap. I don't think it'll be functional for a very long time if it even still is at the time of writing.

[Buffer Overflow]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Sorry I was unaware of one. Can you post a link to this altcoin?

[Pecunia non olet]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Sorry I was unaware of one. Can you post a link to this altcoin?

for simulation/proof of concept just start an altcoin with tiny blocklimit and see how it pans out or alternatively use Bitcoin.
So far Bitcoin and various altcoins with 1mb blocklimit have been working flawless for years, so i don't know what you actually ask for.

[onemorebtc]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Sorry I was unaware of one. Can you post a link to this altcoin?

for simulation/proof of concept just start an altcoin with tiny blocklimit and see how it pans out or alternatively use Bitcoin.
So far Bitcoin and various altcoins with 1mb blocklimit have been working flawless for years, so i don't know what you actually ask for.

i guess he asks for a test how the hole economy would react if the 1mb blocklimit is reached.
would be interesting: but you want to test this with our precious bitcoin.

i prefer to avoid it as i think it will be dangerous and self-destructing for bitcoin

[Pecunia non olet]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Sorry I was unaware of one. Can you post a link to this altcoin?

for simulation/proof of concept just start an altcoin with tiny blocklimit and see how it pans out or alternatively use Bitcoin.
So far Bitcoin and various altcoins with 1mb blocklimit have been working flawless for years, so i don't know what you actually ask for.

i guess he asks for a test how the hole economy would react if the 1mb blocklimit is reached.
would be interesting: but you want to test this with our precious bitcoin.

i prefer to avoid it as i think it will be dangerous and self-destructing for bitcoin

Some people think the exact opposite with good reason as we know.

So far we have that proof of concept alt which is maybe not even functional and remains to be seen if it can even reach any support or marketcap worth mentioning. Bitbeans as proof of concept so far was disappointing. No big support and maybe not even viable.

I'd predict it to have marketcap below 10k$ within a few months and never reach higher than briefly 200k$ max. I think the bloatcoin is a failure and i further think it won't be possible to launch an altcoin with 20mb blocks that won't be a failure on the mid- to longterm timeframe.

Right now the 4 weeks old proof of concept coin for 20mb blocks is ranked on #150 on CMC together with shitcoins and scamcoins - that's all i know.

[Buffer Overflow]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Sorry I was unaware of one. Can you post a link to this altcoin?

for simulation/proof of concept just start an altcoin with tiny blocklimit and see how it pans out or alternatively use Bitcoin.
So far Bitcoin and various altcoins with 1mb blocklimit have been working flawless for years, so i don't know what you actually ask for.

Well it's not the same. I believe the market may react differently to a coin with a permenant cap vs a temporary cap.
To my knowledge we don't have a permanently capped block size coin. Unless you know otherwise.

[Pecunia non olet]

We also need to testrun a permanent 1MB cap altcoin. We haven't got one of those yet.

which is false

Sorry I was unaware of one. Can you post a link to this altcoin?

for simulation/proof of concept just start an altcoin with tiny blocklimit and see how it pans out or alternatively use Bitcoin.
So far Bitcoin and various altcoins with 1mb blocklimit have been working flawless for years, so i don't know what you actually ask for.

Well it's not the same. I believe the market may react differently to a coin with a permenant cap vs a temporary cap.
To my knowledge we don't have a permanently capped block size coin. Unless you know otherwise.

So far no coin reached the cap in blocksize in a way that it would have created any problems. Launching a coin with explicitely capped blocksize and otherwise good parameters could be a big success imo.
People love coins that just work and don't hardfork all the time.
If a dev would actually launch an altcoin that is good as is (a piece of art) and will not need any hardforks other than in case something is broken - i know i would buy this coin in bulks.

Perfection and genius is shown in a coin that is at launch so good that it never needs to hardfork again. Achieving this would earn huge respect.

Bells and whistles and permanent updates are for the simple minded to get them warm and running. Perfection from the getgo is what real quality is. We're dealing here with moneytokens afterall.

A hardfork is always a confession: "we haven't gotten it right from the start"
So in my opinion each hardfork lowers the objective quality of a coin.

[justusranvier]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

What exactly do you believe that you've proved here, other than that you're confused about whether or not the labor theory of value is valid, and the nature and value of money?

[Pecunia non olet]

looks like it went down as predicted with gavincoin altcoin (bitbeans):

No pump, broken and abandoned 3 weeks after launch ...

https://bitcointalk.org/index.php?topic=915650.0

q.e.d.

What exactly do you believe that you've proved here, other than that you're confused about whether or not the labor theory of value is valid, and the nature and value of money?

The experiment is ongoing. So far there is no big demand for the coin and it remains to be seen if it can even stay functional (or is). There is something to learn from that. If you want to deny that there can be things learned from such experiments well that's your narrow view then and i don't have to share that.

It's the first altcoin experiment for bloatcoin proposal and so far it looks like a failure. Nobody is mad enough to even put money into it - so maybe that tells you something about the value of the idea.

... maybe it's still going to pump ... but will it survive the dump? Will it stay functional? Is it even functional now? Will there be demand? Will it be able to maintain a value on the mid/longterm timeframe? Is it even remotely viable?

[RoadStress]

got to say a couple of things:

1) what happens when limit of 1mb is reached is easiely predictable while 20MB hardfork is much less predictable outcome

Hello MP. Please explain.

2) no proof of concept has been established so far and maybe it even can't be. On testnet things look often times different than in the wild

I assume that no proof of concept has been established for 20MB. What about 1MB? Demonstrate it.

3) being most vocal or toxic doesn't make you right

Agreed!

5) i'm not here to waste my time with the usual toxic folks (r2d221 and mr. buffer) so signing out now. Have a good one.

Ran out if ideas for your blog?

for simulation/proof of concept just start an altcoin with tiny blocklimit and see how it pans out or alternatively use Bitcoin.

Because an altcoin will tell us what will happen when we reach the 1MB block limit? C'mon...

So far Bitcoin and various altcoins with 1mb blocklimit have been working flawless for years, so i don't know what you actually ask for.

Do you eat shit in the morning only or in the morning and at noon too? Because otherwise I can't tell how come was Bitcoin fime with an 1MB limit since we haven't hit that limit yet. For me it is no difference if we have 100MB or 1MB block limit since blocks are only ~500kb in size.

I'd predict it to have marketcap below 10k$ within a few months and never reach higher than briefly 200k$ max. I think the bloatcoin is a failure and i further think it won't be possible to launch an altcoin with 20mb blocks that won't be a failure on the mid- to longterm timeframe.

Based on...what exactly? Don't be shy with the details.

A hardfork is always a confession: "we haven't gotten it right from the start"
So in my opinion each hardfork lowers the objective quality of a coin.

Ok. That is your opinion and Bitcoin will be fine without you. Don't worry about it. Bitcoin must be able to evolve and adapt to our needs now and in 2140 and in 2540. Creating something which we labeled as "Beta" and assuming it will not change...ever...is simply stupid. I want my Bitcoin to evolve to meet my needs. I don't want a Bitcoin that is limited this way:

DISCLAIMER: A RedeemScript larger than 520 bytes is unspendable at this time.  Raising this restriction would require a hardfork. Sending funds to a P2SH address which has a redeemScript larger than 520 bytes will result in funds being "lost".  Always verify your redeemScript length to prevent a loss of funds and always test new scripts on testnet before deploying to mainnet.

Your Bitcoin is limited and limiting. THAT is a failure. You know it too, but you have your own agenda. I am sure that your investors will make you a surprise in case of a hard-fork. You have no idea!