Satoshi expected the block size to be limited to 1MB for all time, that's why it is a consensus rule. It couldn't be changed even if Gregory wanted it to.
What does this mean for us?
Well, as the throughput of Bitcoin is about on par with a medium sized shopping centre... demand for the use of cryptocurrency will spread to other networks, like Monero (XMR), which has an adaptive blocksize.
In a sense, satoshi was brilliant to set 1MB in stone to encourage increased demand to move to other networks. It widens the attack surface, and now we will be decentralized because if Bitcoin remains fairly irrelevant due to its crippled capacity, thousands of other networks will rise to take its place.
Incredible guy, that satoshi, sacrificing his own potential personal wealth to keep our rasb pi nodes on costa rican dialup safe n sound.
Topic: "Bitcoin is at serious risk of becoming the MySpace of cryptocurrency" - Gavin - page 2. (Read 1413 times)
August 24, 2016, 06:42:39 PM
August 24, 2016, 05:43:06 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
This isnt the first time the core of bitcoin developement hasnt agree, we had already a problem with them, and who paid the bill were bitcoin, because people need stabillity, if Gavin doesnt like the way bitcoin is advancing just left the project, making a thread saying it will end as myspace or anything else looks like a child crying because they arent supporting him.
I bet Myspace thought the same thing when facebook came out....
Sad thing is that the whole Bitcoin ecosystem is about to become Myspace.
It won't be anything inside that breaks it though.
August 24, 2016, 05:34:16 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
This isnt the first time the core of bitcoin developement hasnt agree, we had already a problem with them, and who paid the bill were bitcoin, because people need stabillity, if Gavin doesnt like the way bitcoin is advancing just left the project, making a thread saying it will end as myspace or anything else looks like a child crying because they arent supporting him.
August 24, 2016, 05:33:02 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
Like cars, ships were also designed to fail.
This one looks like an infant engineered it.
They say usually smart money leaves first.
The rest struggle to find life boats.
Land HO!!!!!!!!!!!!
August 24, 2016, 05:30:56 PM
Days after Segwit code is released in Bitcoin Core 0.13.0, Gavin Andresen is back doing the rounds arguing for bigger blocks. Anyone smell another coup attempt brewing here? I suppose we all should have seen this coming.
Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
This guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.
And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.
Quote
Bitcoin is at serious risk of becoming the MySpace of cryptocurrency because it is failing to scale.
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u5mptNow he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
Quote
I HAVE done the research, your connection sucks compared to most of the rest of the world-- but why should the rest of the network be crippled because you have an irrational desire to validate every single Bitcoin transaction?
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u0grbThis guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.
And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.
And expect another round of altcoin pumping as the ecosystem becomes just like Wall St. with all the fake news and fake infighting to back the price fluctuations.
MySpace indeed.
The whole thing.
August 24, 2016, 05:02:34 PM
Next thing Gavin will do is probably abandon sinking (in his mind) bitcoin ship, exactly like Mike Hearn did.
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
Because apparently bitcoin development process is not going exactly as Gavin would like it to be.
Instead of criticizing bitcoin node structure why doesn't he find a feasible solution which will benefit everyone?
August 24, 2016, 04:48:25 PM
Frankly, I don't see how the hell he may find an alternative to the full nodes system validating all the transactions. How would be the chosen the good and the bad ones ?
Because there is no better solution than the nodes we have now. I see a node as some sort of vote. With that "vote" I can show everyone else what client I am supporting, and so can other people. I have 2 nodes running on VPS'es, and will continue to do so. Other than that, I block/ban nodes being from the other "parties" such as classic.
August 24, 2016, 04:39:34 PM
Fully agree, well said....... 
August 24, 2016, 04:32:53 PM
Frankly, I don't see how the hell he may find an alternative to the full nodes system validating all the transactions. How would be the chosen the good and the bad ones ?
August 24, 2016, 03:12:40 PM
Days after Segwit code is released in Bitcoin Core 0.13.0, Gavin Andresen is back doing the rounds arguing for bigger blocks. Anyone smell another coup attempt brewing here? I suppose we all should have seen this coming.
Now he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
This guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.
And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.
Quote
Bitcoin is at serious risk of becoming the MySpace of cryptocurrency because it is failing to scale.
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u5mptNow he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin.
Quote
I HAVE done the research, your connection sucks compared to most of the rest of the world-- but why should the rest of the network be crippled because you have an irrational desire to validate every single Bitcoin transaction?
https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u0grbThis guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin.
And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules.
Jump to: