Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 129. (Read 378996 times)
Pity
There were loads of XT shills supporters on here a few months ago declaring some sort of victory & the end of Core.
I remember a few of the usernames but I won't embarrass them by naming & shaming them, I'd be interested to know how they feel at the moment though?
I remember a few of the usernames but I won't embarrass them by naming & shaming them, I'd be interested to know how they feel at the moment though?
Quote
r/bitcoinxt is being trolled by people posing as xt supporters.
Zomg, NotXT nodes are becoming self-aware and making NotGavinista troll accounts at Reddit!
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Rubbish? I just told you what I have seen (without disclosing my location). It does depend on the region (or country). Especially if you live in less developed countries, coffee shops tend to not accept credit cards at all. I still prefer paying for such stuff using cash.Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Man I meant that vending machine coffee is rubbish, not that what you said is. Yeah, these usually are ran on cash, in some places. I have yet to see one of these in my area though.
It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so.
It is. And the capacity to do that increases the value of Bitcoin. But that doesn't mean you need to go out of your way to clog the blockchain with pointless transactions. As a high throughput system it currently doesn't have the capacity. Why pretending it does? Do you want to just push all domestic nodes out of existence and jeopardise the neutrality of the network?
My limited understanding of Bitcoin is its security depends on the cryptography and POW algorithms, not on the altruism and nurturing of each individual coffee drinker.
By "out of the way", do you mean down the street a block to a BTC-accepting coffee shop, or do you mean reaching into my left pocket for a smartphone instead of my right pocket for a credit card? The coffee shop is on my way to work, and my exchange happens instantly. No logging in, setting a sell price, paying an exchange fee, etc, etc.
It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so.
It is. And the capacity to do that increases the value of Bitcoin. But that doesn't mean you need to go out of your way to clog the blockchain with pointless transactions. As a high throughput system it currently doesn't have the capacity. Why pretending it does? Do you want to just push all domestic nodes out of existence and jeopardise the neutrality of the network?
+1 i conquer fully on this.
yes it seems convenient to buy stuff with bitcoin now, but as a holder, i woudlnt in any way.
this is how to make bitcoin worth more, hoard, sit back and relax (whilst spending the rest of the monkey paper money for day to day purchases)
it is trivial to compare bitcoin to visa or to use it for the same purposes as fiat is being used for.
and so it also goes with the bogus centralized fiat/btc exchange businesses that mimic the very same fundamental mistakes of the current system just to make a buck on noobs that still havent understood bitcoin is about controlling their funds and not letting someone else (untrustable third party) playing with them.
as i said before: as long as i hold my private keys, and regardless of blocksize, tps or whatever socialist unicorn of saving the world, bitcoin is doing exactly and perfectly what it is supposed to.
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Rubbish? I just told you what I have seen (without disclosing my location). It does depend on the region (or country). Especially if you live in less developed countries, coffee shops tend to not accept credit cards at all. I still prefer paying for such stuff using cash.Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Man I meant that vending machine coffee is rubbish, not that what you said is. Yeah, these usually are ran on cash, in some places. I have yet to see one of these in my area though.
It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so.
It is. And the capacity to do that increases the value of Bitcoin. But that doesn't mean you need to go out of your way to clog the blockchain with pointless transactions. As a high throughput system it currently doesn't have the capacity. Why pretending it does? Do you want to just push all domestic nodes out of existence and jeopardise the neutrality of the network?
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Rubbish? I just told you what I have seen (without disclosing my location). It does depend on the region (or country). Especially if you live in less developed countries, coffee shops tend to not accept credit cards at all. I still prefer paying for such stuff using cash.Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
where i live, you cant even always pay with CC as merchants have a minimum amount required (around 15€). 
Yeah it really depends where you live. The north is much more developed than the south though. Ah yeah, that's the so called "censorship" around here. It just doesn't make any sense to want to spend bitcoins.
It does not? It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so.
It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
Are you sure? I'm in Europe and I have never witnessed this. For example students usually buy coffee from those vending machines which only accept cash (obviously). I do agree that it is common to pay for tiny stuff with CC. I have one as well that is NFC enabled, and I can usually pay with a 2-3 second touch (pretty good).
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Some people who have gone full Bitcoin for whatever reason might be worried about being charged fees. In day to day small transactions, cash is fine (for now).
where i live, you cant even always pay with CC as merchants have a minimum amount required (around 15€).
ps: lmao for the censorship comic.
Yes, in several countries in the continent it's like that. Many small shops in Italy, France or Spain won't take CC under 10 or 15 euro.
It seems like in other northerly countries were the family business is basically dead (they belong to franchises or chains, even the most homely looking) there are deals with the main banking networks so that they keep most of the transactions within their system. It's an interesting phenomenon, but here certainly you won't undercut them, and that incentive completely goes away for better or worse. Maybe for the better since you would never be able to compete on raw throughput, you want the user to be aware that his privacy is lost completely instead and that is the price he or she is paying.
Thanks to cash it's not the most critical thing.
and that touchy thing paying with a 3sec contact is bogus as hell.
I carved a small hole in my card to prevent it from being highjacked.
lots of stories of stolen data and funds because of bandits wandering in crowded places with some wide range hacking device.
Are you sure? I'm in Europe and I have never witnessed this. For example students usually buy coffee from those vending machines which only accept cash (obviously). I do agree that it is common to pay for tiny stuff with CC. I have one as well that is NFC enabled, and I can usually pay with a 2-3 second touch (pretty good).
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Some people who have gone full Bitcoin for whatever reason might be worried about being charged fees. In day to day small transactions, cash is fine (for now).
where i live, you cant even always pay with CC as merchants have a minimum amount required (around 15€).
ps: lmao for the censorship comic.
Yes, in several countries in the continent it's like that. Many small shops in Italy, France or Spain won't take CC under 10 or 15 euro.
It seems like in other northerly countries were the family business is basically dead (they belong to franchises or chains, even the most homely looking) there are deals with the main banking networks so that they keep most of the transactions within their system. It's an interesting phenomenon, but here certainly you won't undercut them, and that incentive completely goes away for better or worse. Maybe for the better since you would never be able to compete on raw throughput, you want the user to be aware that his privacy is lost completely instead and that is the price he or she is paying.
Thanks to cash it's not the most critical thing.
Are you sure? I'm in Europe and I have never witnessed this. For example students usually buy coffee from those vending machines which only accept cash (obviously). I do agree that it is common to pay for tiny stuff with CC. I have one as well that is NFC enabled, and I can usually pay with a 2-3 second touch (pretty good).
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Some people who have gone full Bitcoin for whatever reason might be worried about being charged fees. In day to day small transactions, cash is fine (for now).
where i live, you cant even always pay with CC as merchants have a minimum amount required (around 15€).
ps: lmao for the censorship comic.
Are you sure? I'm in Europe and I have never witnessed this. For example students usually buy coffee from those vending machines which only accept cash (obviously). I do agree that it is common to pay for tiny stuff with CC. I have one as well that is NFC enabled, and I can usually pay with a 2-3 second touch (pretty good).
From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Some people who have gone full Bitcoin for whatever reason might be worried about being charged fees. In day to day small transactions, cash is fine (for now).
In Europe it's common to pay for tiny stuff with CC. Most coffees are paid for with CC, for sure, in at least UK, Denmark, Netherlands or Sweden.
I can see that in the US, CC companies fleece users so badly, that avoiding these fees can be seen like the killer application of Bitcoin. But let's take a step back and look at what is the truly revolutionary idea of Bitcoin. It's not saving a few pennies.
Are you sure? I'm in Europe and I have never witnessed this. For example students usually buy coffee from those vending machines which only accept cash (obviously). I do agree that it is common to pay for tiny stuff with CC. I have one as well that is NFC enabled, and I can usually pay with a 2-3 second touch (pretty good).I can see that in the US, CC companies fleece users so badly, that avoiding these fees can be seen like the killer application of Bitcoin. But let's take a step back and look at what is the truly revolutionary idea of Bitcoin. It's not saving a few pennies.
Well, alas everybody here agrees somehow.
Not everyone, but most of us do. I personally would opt for the latter, since sane people would not spend as much time and effort to continuously vomit their nonsense and calls for censorship.
As for the censorship:
For me the VISA argument is already a counter-troll to the doritos in the chain or coffees in the chain argument.
Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
I do agree with you to a certain degree. Honestly, people need to stop expecting to pay for everything using Bitcoin (e.g. small stuff like coffee). Does anyone buy coffee with a CC? I doubt it. It's usually bought with cash and I don't mind it staying that way. Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
I do want Bitcoin to be able to handle more transactions when necessary. However, we also need to consider what kind of transactions. If we let spam through, then anything under a infinite TPS will never be enough. I do like the idea of dynamic block size (with the right rules) as well. However, any predetermined growth pattern is pointless and probably will end up being harmful (what Gavin proposed).
(Above I mean't "nobody sane" - typo).
In Europe it's common to pay for tiny stuff with CC. Most coffees are paid for with CC, for sure, in at least UK, Denmark, Netherlands or Sweden.
I can see that in the US, CC companies fleece users so badly, that avoiding these fees can be seen like the killer application of Bitcoin. But let's take a step back and look at what is the truly revolutionary idea of Bitcoin. It's not saving a few pennies.
As Paul said in the conference: to have a debate first we need to have a target function, otherwise this is just a helpless yelling at each other.
For me the VISA argument is already a counter-troll to the doritos in the chain or coffees in the chain argument.
Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
I do agree with you to a certain degree. Honestly, people need to stop expecting to pay for everything using Bitcoin (e.g. small stuff like coffee). Does anyone buy coffee with a CC? I doubt it. It's usually bought with cash and I don't mind it staying that way. Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
I do want Bitcoin to be able to handle more transactions when necessary. However, we also need to consider what kind of transactions. If we let spam through, then anything under a infinite TPS will never be enough. I do like the idea of dynamic block size (with the right rules) as well. However, any predetermined growth pattern is pointless and probably will end up being harmful (what Gavin proposed).
Well, alas everybody here agrees somehow.
It is Hearndresen's
These people are dangerous psycopaths, egomaniac sophists taht either doesn't have a clue about what they are talking about or puposedly mislead people to favor a not so covered agenda of destabilizing bitcoin.
I personally would opt for the latter, since sane people would not spend as much time and effort to continuously vomit their nonsense and calls for censorship.
But then again, they lost their XTurd war and their future highjacking attempts won't succeed as well.
Power to Bitcoin!
For me the VISA argument is already a counter-troll to the doritos in the chain or coffees in the chain argument.
Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
I do agree with you to a certain degree. Honestly, people need to stop expecting to pay for everything using Bitcoin (e.g. small stuff like coffee). Does anyone buy coffee with a CC? I doubt it. It's usually bought with cash and I don't mind it staying that way. Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
I do want Bitcoin to be able to handle more transactions when necessary. However, we also need to consider what kind of transactions. If we let spam through, then anything under a infinite TPS will never be enough. I do like the idea of dynamic block size (with the right rules) as well. However, any predetermined growth pattern is pointless and probably will end up being harmful (what Gavin proposed).
Be Ready at Any Hour
"But of that day and hour no one knows, not even the angels of heaven, nor the Son, but the Father alone."
Matthew 24:36
"But of that day and hour no one knows, not even the angels of heaven, nor the Son, but the Father alone."
Matthew 24:36
You are such an easily mislead person.
Your Second Coming of XT Soon® belief system is laughable.
Bitcoin has been near capacity for years. Marginal cases unable to pay competitive tx fees are simply shunted off-chain, or to alt chains. That's how it's supposed to work, using fee markets to determine optimal allocation of scarce resources.
The attempt to
But please, keep living in your fantasy world where there is >zero propensity for successful defection from Bitcoin's socioeconomic majority.
It's great for a laugh!
Personally I believe that increasing block size should happen eventually, but only when the network can reach consensus. Perhaps when Bitcoin grows to VISA-size, then we can revisit this issue.
Bitcoin can not even get anywhere near Visa at the current state that it is in. At least you aren't trying to flame others in this forsaken thread. Basically Bitcoin has maximum of 7 tps (transactions per second) at the moment. In real world performance, it is more around 3 tps. In comparison Visa handles around 3000 tps, with a peak capacity of around 56 000 tps. It is pretty obvious that Bitcoin does not even come close. This is why this "issue" is being discussed right now. There are different proposals out there and if you're interested you should look into them.
For me the VISA argument is already a counter-troll to the doritos in the chain or coffees in the chain argument.
Nobody same would set that target "or bust", because short term that means "bust". Currently there is no way in hell we can achieve that in raw transactions, and trying to will destroy the network as a decentralised entity with complete certainty.
Personally I believe that increasing block size should happen eventually, but only when the network can reach consensus. Perhaps when Bitcoin grows to VISA-size, then we can revisit this issue.
Bitcoin can not even get anywhere near Visa at the current state that it is in. At least you aren't trying to flame others in this forsaken thread. Basically Bitcoin has maximum of 7 tps (transactions per second) at the moment. In real world performance, it is more around 3 tps. In comparison Visa handles around 3000 tps, with a peak capacity of around 56 000 tps. It is pretty obvious that Bitcoin does not even come close. This is why this "issue" is being discussed right now. There are different proposals out there and if you're interested you should look into them.
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