Author

Topic: Adam Back supports peer-to-peer electronic cash, he just prefers it on altcoins (Read 541 times)

Pab
legendary
Activity: 1862
Merit: 1012
Hey I have an idea.

Let's take $75 million in VC funding from Goldman & Sachs and other Central Bank affiliated investors.

Then let's use that money to take over Bitcoin's development, run the whole project with religious fanatics (luke-jr) & deluded narcissistic morons who can literally run in circles for years using the same logic over and over (greg maxwell)

Then let's engage in a never-ending campaign of censorship (r/bitcoin), use divide & conquer tactics on the entire Bitcoin community as a whole and then even spend hundreds of thousands of $$$ on DDoS'ing Bitcoin XT / Classic / BU nodes off the network.

Let's NEVER compromise and engage in the same circular logic endlessly. After all, who needs any kind of leadership skills whatsoever when our whole plan is to simply take over bitcoin and force it to the will of the Central Banks?

Then wonder why Bitcoin Unlimited is winning, and wonder why Altcoins are exploding in marketshare.


HMMMM....

A fine idea, yeah?


Very nice, i m sure Goldman will love it,what is 75mln$ for them just a pocket money,i think it will solve all btc problems
U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
Hey I have an idea.

Let's take $75 million in VC funding from Goldman & Sachs and other Central Bank affiliated investors.

Then let's use that money to take over Bitcoin's development, run the whole project with religious fanatics (luke-jr) & deluded narcissistic morons who can literally run in circles for years using the same logic over and over (greg maxwell)

Then let's engage in a never-ending campaign of censorship (r/bitcoin), use divide & conquer tactics on the entire Bitcoin community as a whole and then even spend hundreds of thousands of $$$ on DDoS'ing Bitcoin XT / Classic / BU nodes off the network.

Let's NEVER compromise and engage in the same circular logic endlessly. After all, who needs any kind of leadership skills whatsoever when our whole plan is to simply take over bitcoin and force it to the will of the Central Banks?

Evil plot to take over Bitcoin!

Step 1: Ask for 95% activation threshold!

Wut? o_O

Haha step one: shoot yourself in the foot more like it.

It's so clear that they're only trying to change what will benefit them and only them. No consensus is ever going to come with these morons shutting down every good idea.
legendary
Activity: 1204
Merit: 1028
Bitcoin Unlimited doesn't work and is dead. Stop beating a dead horse. There will be no president of BU as they wanted:



https://blog.sia.tech/a-future-led-by-bitcoin-unlimited-is-a-centralized-future-e48ab52c817a#.i70wlsv6j

legendary
Activity: 4424
Merit: 4794
hmmm ... zcash... (ill emphasise this more in a minute)

if a zcash chain can handle it then
chain for chain means bitcoin CAN too.
but blockstream says no.. (for reasons of neding commercial srevices to grab fees to repay the 70m+debt hannging over them from VC's

now follow the money
zcash<->digitalcurrencygroup->blockstream

zcash<->http://dcg.co/portfolio/#z -> http://dcg.co/portfolio/#b -> blockstream
legendary
Activity: 1120
Merit: 1012
Hey I have an idea.

Let's take $75 million in VC funding from Goldman & Sachs and other Central Bank affiliated investors.

Then let's use that money to take over Bitcoin's development, run the whole project with religious fanatics (luke-jr) & deluded narcissistic morons who can literally run in circles for years using the same logic over and over (greg maxwell)

Then let's engage in a never-ending campaign of censorship (r/bitcoin), use divide & conquer tactics on the entire Bitcoin community as a whole and then even spend hundreds of thousands of $$$ on DDoS'ing Bitcoin XT / Classic / BU nodes off the network.

Let's NEVER compromise and engage in the same circular logic endlessly. After all, who needs any kind of leadership skills whatsoever when our whole plan is to simply take over bitcoin and force it to the will of the Central Banks?

Evil plot to take over Bitcoin!

Step 1: Ask for 95% activation threshold!

Wut? o_O
hero member
Activity: 924
Merit: 506
Hey I have an idea.

Let's take $75 million in VC funding from Goldman & Sachs and other Central Bank affiliated investors.

Then let's use that money to take over Bitcoin's development, run the whole project with religious fanatics (luke-jr) & deluded narcissistic morons who can literally run in circles for years using the same logic over and over (greg maxwell)

Then let's engage in a never-ending campaign of censorship (r/bitcoin), use divide & conquer tactics on the entire Bitcoin community as a whole and then even spend hundreds of thousands of $$$ on DDoS'ing Bitcoin XT / Classic / BU nodes off the network.

Let's NEVER compromise and engage in the same circular logic endlessly. After all, who needs any kind of leadership skills whatsoever when our whole plan is to simply take over bitcoin and force it to the will of the Central Banks?

Then wonder why Bitcoin Unlimited is winning, and wonder why Altcoins are exploding in marketshare.


HMMMM....

A fine idea, yeah?
Altcoins you say? but don't you know that those pumpers already filled their large bags even before any of the coins rise above $7? definition of bubble, what else you want to be proven that they're bubbles people seeing price going up they buy more and other people do the same to a point where the biggest bag holders see the bubble might burst and start to dump down to the $10 below ranges.
Looks like the Core devs did a lousy job taking money from big bankers in day light and obviously in front of you I presume? what you said is just like one of the movies from hollywood Smiley
legendary
Activity: 4424
Merit: 4794
You want huge block sizes that would centralize the network while wanting to call that cash, it doesn't work like that, so get your priorities straight.

nodes set the limits.
so nodes wont throw out "gigabytes by midnight" flags. and will ofcourse reject pools that try

nodes will flag maybe 8mb right now as what they are capable of. then pools will incrementally go from 1mb, to 1.002mb to test orphan rate and bugs and then grow from there, OVER TIME to get to limits.

much like
nodes flagged 1mb years ago as what they are capable of. then pools will incrementally go from 0mb, 0.x in 2010, to 0.5mb in 2013, and 0.75 in 2015 and test orphan rate and bugs and then grow from there,

wake up to reality.

we wont have
billions of users by midnight
gigabytes per block by midnight

think rationally over NATURAL growth timescales of the next few years-decades.

otherwise you might aswell be shouting at activision back at 1996 shouting 1mb internet required and 60gb hard drive required. dont make Call of Duty, EVER because dialup and 4gb hard drive limit of 1996.

arguing to not scale naturally OVER TIME with failed logic rhetoric of "it cant cope with huge numbers today" is just (facepalm)
legendary
Activity: 1596
Merit: 1026
You want huge block sizes that would centralize the network

Why do you idiots think large blocks will centralize the network?  This is the biggest bunch of bullshit ever. 
legendary
Activity: 992
Merit: 1000
"Well, when we can just be Shameless whores for the Bankers, and if they'll give us $75 million to do it, WHY NOT?"

-Adam Back
legendary
Activity: 992
Merit: 1000
Hey I have an idea.

Let's take $75 million in VC funding from Goldman & Sachs and other Central Bank affiliated investors.

Then let's use that money to take over Bitcoin's development, run the whole project with religious fanatics (luke-jr) & deluded narcissistic morons who can literally run in circles for years using the same logic over and over (greg maxwell)

Then let's engage in a never-ending campaign of censorship (r/bitcoin), use divide & conquer tactics on the entire Bitcoin community as a whole and then even spend hundreds of thousands of $$$ on DDoS'ing Bitcoin XT / Classic / BU nodes off the network.

Let's NEVER compromise and engage in the same circular logic endlessly. After all, who needs any kind of leadership skills whatsoever when our whole plan is to simply take over bitcoin and force it to the will of the Central Banks?

Then wonder why Bitcoin Unlimited is winning, and wonder why Altcoins are exploding in marketshare.


HMMMM....

A fine idea, yeah?
legendary
Activity: 1610
Merit: 1183
You want huge block sizes that would centralize the network while wanting to call that cash, it doesn't work like that, so get your priorities straight.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
I suppose many here wouldn't disagree because Bitcoin isn't
supposed to electronic cash anymore like Satoshi said.  Roll Eyes

https://www.reddit.com/r/btc/comments/5zdy03/adam_back_supports_peertopeer_electronic_cash_he/
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