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Topic: An Open Letter from Sam Cole (CEO of KNC Miner) (Read 1612 times)

full member
Activity: 189
Merit: 100

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

If the BitcoinClassic increase the block size to 2MB and supported by most miners, bitcoin Core does not increase the block size. There will two groups of miners, most will support Classic so Core will be altcoin.

from where you've gathered the info that core is not going to increase the block at leats indirectly to 2mb?, they are doing it in different way with segwit

i still want them to increase it directly though, but whatever, they need to hurry at this point

I have the impression that Classic will implement the 2MB in March and Core will do it slowly, maybe in April. The segwit is more complex, needs more testing.
legendary
Activity: 3248
Merit: 1070

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

If the BitcoinClassic increase the block size to 2MB and supported by most miners, bitcoin Core does not increase the block size. There will two groups of miners, most will support Classic so Core will be altcoin.

from where you've gathered the info that core is not going to increase the block at leats indirectly to 2mb? they are doing it in different way with segwit

i still want them to increase it directly though, but whatever, they need to hurry at this point
full member
Activity: 189
Merit: 100

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

If the BitcoinClassic increase the block size to 2MB and supported by most miners, bitcoin Core does not increase the block size. There will two groups of miners, most will support Classic so Core will be altcoin.
legendary
Activity: 1134
Merit: 1000
If it would be so easy to make choices or to adapt those, today wouldn't be all this forum full of threads about the "dead" of bitcoin or about the difficulties it are suffering. Who have read what has written Mike Hearn can be understand easily that the changes are very difficult to be made. The divergences within the team of core developers are not only their divergences but the the divergences between large masses of peoples who believe on one or the another option. And to many time act like fanatics and not like human kinds who have brain to think, to hear, to judge and to respect the freedom of everyone who think differently. As for me the team are suffering the wrong choice made by Gavin Andresen to not accept or play the role of leader within the team after having the trust of Satoshi and having from it the source code repository and the network alert key. The given of those data to the other developers of the core team made impossible to make decisions in critic situation like is the actual one. Everyone can imagine himself as a leader within a team having everything they have. It will be repeated again and again if will not be one in charge to have the right to tell the last word.
legendary
Activity: 2212
Merit: 1038
The sooner this douchebag and his scam company exits stage left the better. Don't the door hit your ass on the way out!
legendary
Activity: 3430
Merit: 3080
Lol Sam won't be mining any of my transactions on a "classic" chain. The only classical aspect are Andresen and Garzik's adherence to the present line of the socialist/corporatist agenda (while cynically wearing the rhetorical skins of butchered liberal/libertarians). Next Jeff's going to be telling us he's a classical liberal
legendary
Activity: 2674
Merit: 2965
Terminated.
So what is actually stopping this from happening? What are the possible downsides of increasing the block size to 2mb?
Because this "solution" is redundant. SegWit has the same affect in addition to having many more other benefits. Classic is just another attempt at taking over the system.
Quote
Bitcoin Classic is using concerning tactics to overtake Core. jtoomim is willing to have consensus threshold be as low as 60% for hard fork. This could lead to dangerous forking situations.
This guy is starting to look like Hearn 2.0, aside from having even less skills. A 60% hard fork would split the network in 2 and possibly cause unrepairable damage. Let's not forget this "survey" the was done, implying that this was possibly planned before.
legendary
Activity: 1792
Merit: 1283

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)

So what is actually stopping this from happening? What are the possible downsides of increasing the block size to 2mb?
legendary
Activity: 3248
Merit: 1070

increasing the limit of core to 2mb, is making bitcoin an altcoin? since when? this change is needed, even satoshi said so

the limit was there because of past reason, there is no need to maintain it anymore

what xt was proposing was worse, because they were adding other random crap like ip checking and the increae was too high(8mb)
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
Now even Sam Cole is grabbing at anything to try and save his investments.
lol
Bitcoin to sub 300.
You have all been warned.
legendary
Activity: 889
Merit: 1013
if the Core devs would just make a compromise to 2 MB they would kill all discussions at once.... Roll Eyes
Hell Yeah.
legendary
Activity: 1120
Merit: 1004
Can we talk about bitcoin classic here or will we get banned?

It is quite urgent to expand the block size now. Without it, there is not much use of bitcoin. Blockstream will not come online next month.

What is this blockstream ? Is it another "concept" (another secession in fact), like Bitcoin XT or Bitcoin Classic ?
full member
Activity: 189
Merit: 100
Can we talk about bitcoin classic here or will we get banned?

It is quite urgent to expand the block size now. Without it, there is not much use of bitcoin. Blockstream will not come online next month.
legendary
Activity: 910
Merit: 1000
Can we talk about bitcoin classic here or will we get banned?
hero member
Activity: 731
Merit: 503
Libertas a calumnia
full member
Activity: 164
Merit: 100
Bitcoin core = altcoin. Soon.
legendary
Activity: 1722
Merit: 1000
Might as well go for 2mB until someone can figure out how to get more tx/s without taking up so much space.  Sidechains, etc, who knows.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
if the Core devs would just make a compromise to 2 MB they would kill all discussions at once.... Roll Eyes
legendary
Activity: 2786
Merit: 1031
It's rather odd that this isn't posted on KNCs website.  If Sam Cole were serious about it, why would he not advertise this on his mining website?  My bet is on hoax.


Dissent is met with great DoS, one must be very careful...
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