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Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 133. (Read 378996 times)

donator
Activity: 980
Merit: 1000
Big surprise: one of the loudest XTards has no fucking idea about transaction costs and the current miner incentive equilibrium.


EDIT: I withdraw the XTard label because he seems genuinely interested in the calculations.

https://archive.is/mcs1q

legendary
Activity: 1260
Merit: 1002
donator
Activity: 980
Merit: 1000
legendary
Activity: 2044
Merit: 1005
Reddittards are mostly statist socialists, the kind of people you don't want steering Bitcoin. Little sample just from today: https://archive.is/kUSSW
They must be bitcoin noobs or not very quick learners.
donator
Activity: 980
Merit: 1000
Reddittards are mostly statist socialists, the kind of people you don't want steering Bitcoin. Little sample just from today: https://archive.is/kUSSW
legendary
Activity: 1260
Merit: 1002
What could be more ridiculous than radical individualists spouting platidudes about consensus?


right gavin & hearn? riiight?
donator
Activity: 980
Merit: 1000
legendary
Activity: 1162
Merit: 1004


The Gavinista suits their Redditurd Army have no hope against the cypherpunks and radical individualists.  We shaped the battlefield long ago; your defeat is assured by math and the physical properties of the universe.  As well as your obsequious, yet easily irritated nature.


Radical individualism is sociopathy and not possible beyond a statist society. You're an n00b in anthropology. Your 'language' says it all.
What could be more ridiculous than radical individualists spouting platidudes about consensus?
legendary
Activity: 1162
Merit: 1004
Stupid, dumb, idiot, asshole, bastard, noob, fucker, Jesus Christ!

ROFL - this thread just gets funnier by the minute.  

Indeed. Nobody is better in damaging the reputation of the small blockers than this 'Bitcoiners'.

We dont care about reputation.


Yes, you dont care about your reputation. You promised to leave the thread and were not able to. You even can't trust yourself.
legendary
Activity: 1162
Merit: 1004
You think that most people should rely on off chain solutions?

Yes, that's their agenda (core agenda / blockthestream agenda).
sr. member
Activity: 346
Merit: 250
Stupid, dumb, idiot, asshole, bastard, noob, fucker, Jesus Christ!

ROFL - this thread just gets funnier by the minute.  

Indeed. Nobody is better in damaging the reputation of the small blockers than this 'Bitcoiners'.

We dont care about reputation. We care about bitcoin and freedom.

You corporatist sheeps should be forking off already.

legendary
Activity: 1162
Merit: 1004
Stupid, dumb, idiot, asshole, bastard, noob, fucker, Jesus Christ!

ROFL - this thread just gets funnier by the minute.  

Indeed. Nobody is better in damaging the reputation of the small blockers than such 'Bitcoiners'.
sr. member
Activity: 346
Merit: 250
Reminding everyone here, who claims that every user needs to be able to run a full node. Quoting Satoshi Nakamoto:

"The eventual solution will be to not care how big it gets." "But for now, while it’s still small, it’s nice to keep it small so new users can get going faster. When I eventually implement client-only mode, that won’t matter much anymore." "The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users."

Boring appeal to authority.

BTW had you no shame sharing the misleading "article" of a known scammer!?:
https://bitcointalksearch.org/topic/m.12620721



Really awkward isn't it though.


Nope. For you guilible followers probably but i personnaly had my doubt since his fraud of a thread. Such liar could only end up scamming.

Guess who was right yet again?

Quote
Gerald Davis is a contemptible worm. He is not merely lying : he is intelligent and informed enough to know he's lying, and does it nevertheless. The fact that he's done it in the first place, the fact that he does not fear public ridicule more than he fears his masters, the fact that he's - provedly - willing to fuck a goat with cameras rolling satisfy that point : no, he's not going to stop. Because the only thing you can do, once you've lost your good name, is to continue whatever you did that lost it. Right ?

http://trilema.com/2015/gerald-davis-is-wrong-heres-why/
legendary
Activity: 2576
Merit: 1087
Reminding everyone here, who claims that every user needs to be able to run a full node. Quoting Satoshi Nakamoto:

"The eventual solution will be to not care how big it gets." "But for now, while it’s still small, it’s nice to keep it small so new users can get going faster. When I eventually implement client-only mode, that won’t matter much anymore." "The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users."

Boring appeal to authority.

BTW had you no shame sharing the misleading "article" of a known scammer!?:
https://bitcointalksearch.org/topic/m.12620721



Really awkward isn't it though.
legendary
Activity: 2044
Merit: 1005
You think that most people should rely on off chain solutions? Needing third parties in order to transact in Bitcoin defeats part of the purpose. We should be able to use the Bitcoin Blockchain directly, off chain solutions do not truly increase the throughput of the Bitcoin blockchain.
I think icebreaker missed that part:

Quote from: Bitcoin: A Peer-to-Peer Electronic Cash System
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.
The only way to use Bitcoin without relying on a third party is to run a full node. How else do you propagate your transactions privately.
The vast majority of Bitcoin users do not run full nodes, smart phones can not run full nodes after all. I also very much doubt that every user in the future that does niot live in the developed world will be able to run a full node either. People can use Bitcoin without running a full node, while still holding their own private keys and being able to transact freely on the Bitcoin blockchain.

Yes, and it's a shame they pretend to be Bitcoin, a purely peer-to-peer form of electronic cash, users.

Of course no one is proposing you shouldn't run Bitcoin on your smartphone, but to be safe you should first be generally careful about doing that and the first sane thing to do is to still rely on your node to broadcast transactions.

Of course this is all irrelevant anyway seeing as it is all part of your repeated attempts to turn Bitcoin into a consumer product which does not fly. Yes you are free to spend Bitcoin and trust an SPV wallet using your smartphone but I frankly think at that point you might want to pull out your credit card. Again, I don't care about your ideology or "what you think", I'm just saying don't expect any typical retarded consumer to adopt this.

Soon enough it will seem economically wasteful to transact on the Bitcoin blockchain. Large scale open source payment systems will prove to be more efficient, flexible and almost as reliable as regular blockchain transactions. The experience will be unlike anything in the Bitcoin ecosystem right now. Payment addresses will be abstracted, transactions will be instant, privacy will be improved.

Bitcoin's blockchain will forever remain a low-velocity network settlement network. It is was it was engineeringly designed to be.

lol this is blatantly false and you know it.
Ive already gone through all of this with you on why andd how bitcoin is a settlement system..

Yup but it didn't make any sense from any economic point of view and none actual bitcoin financial institutions want this anyway.

http://blog.blockchain.com/2015/08/24/industry-endorses-bigger-blocks-and-bip101/

So it won't happen and bitcoin will be forked out at some point.



It makes total sense, maybe you need to look at the bigger picture. Anyways the people that can't see a step ahead are the ones who are complaining about block sizes anyways... you can go and re-read my posts about it if you would like to get a sense of what the actual debate is about. I don't think you fully understand the concept.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
You think that most people should rely on off chain solutions? Needing third parties in order to transact in Bitcoin defeats part of the purpose. We should be able to use the Bitcoin Blockchain directly, off chain solutions do not truly increase the throughput of the Bitcoin blockchain.

Nowhere did I say "most people should rely on off chain solutions."

SC/LN do not require trusted third parties, and they do truly increase the throughput of the Bitcoin blockchain.

They are third parties, and they do not increase the throughput of the Bitcoin blockchain directly, even larger deployment of SC/LN would still require a larger blocksize to support this in the long term.

I like the lighting network however I am skeptical of side chains due to them being to complex. Either way the blocksize still needs to be increased.

"trusted third parties" != "third parties"


EG, sidechains' two-way pegs are in the code/blockchain, not some centralized authority.

You lost the Battle of the Blocksize, and you will continue to lose the Bitcoin Civil War.

The Gavinista suits their Redditurd Army have no hope against the cypherpunks and radical individualists.  We shaped the battlefield long ago; your defeat is assured by math and the physical properties of the universe.  As well as your obsequious, yet easily irritated nature.

Quote

Perhaps it is cruel to continue poking you dumb animals with sticks just to watch you rage and foam.  Nah, it's the only way you'll learn!   Wink
legendary
Activity: 1260
Merit: 1002
You think that most people should rely on off chain solutions? Needing third parties in order to transact in Bitcoin defeats part of the purpose. We should be able to use the Bitcoin Blockchain directly, off chain solutions do not truly increase the throughput of the Bitcoin blockchain.
I think icebreaker missed that part:

Quote from: Bitcoin: A Peer-to-Peer Electronic Cash System
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.
The only way to use Bitcoin without relying on a third party is to run a full node. How else do you propagate your transactions privately.
The vast majority of Bitcoin users do not run full nodes, smart phones can not run full nodes after all. I also very much doubt that every user in the future that does not live in the developed world will be able to run a full node either. People can use Bitcoin without running a full node, while still holding their own private keys and being able to transact freely on the Bitcoin blockchain.

Yes, and it's a shame they pretend to be Bitcoin, a purely peer-to-peer form of electronic cash, users.

Of course no one is proposing you shouldn't run Bitcoin on your smartphone, but to be safe you should first be generally careful about doing that and the first sane thing to do is to still rely on your node to broadcast transactions.

Of course this is all irrelevant anyway seeing as it is all part of your repeated attempts to turn Bitcoin into a consumer product which does not fly. Yes you are free to spend Bitcoin and trust an SPV wallet using your smartphone but I frankly think at that point you might want to pull out your credit card. Again, I don't care about your ideology or "what you think", I'm just saying don't expect any typical retarded consumer to adopt this.

Soon enough it will seem economically wasteful to transact on the Bitcoin blockchain. Large scale open source payment systems will prove to be more efficient, flexible and almost as reliable as regular blockchain transactions. The experience will be unlike anything in the Bitcoin ecosystem right now. Payment addresses will be abstracted, transactions will be instant, privacy will be improved.

Bitcoin's blockchain will forever remain a low-velocity network settlement network. It is was it was engineeringly designed to be.
lol this is blatantly false and you know it.

Quote from: Satoshi Nakamoto
"I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume."


there you go..

max onchain transaction as of advertised by you noobs does break with all the other fundamentals of bitcoin as advertised by satoshi.

as of bitcoin's current state, only sound money settlement  made available by maxing decentralization matters to make the network worth anything against the fraud of a freaking system we live in.

you wannabes lack basic economic ground, as only scarcity has driven btc price up, both from a cap and blocksize point of view.

hello, no mass adoption there. just some few golden tickets for the privileged libertarian than want to cut loose with the current system encompassing corporations sheeps and bank cartels..

ergo you dumb STATISTs &#@%$ !!1

so yes i fully concur with Satoshi's quote, but then im only focused in making btc worth MOAR.
hero member
Activity: 546
Merit: 500
You think that most people should rely on off chain solutions? Needing third parties in order to transact in Bitcoin defeats part of the purpose. We should be able to use the Bitcoin Blockchain directly, off chain solutions do not truly increase the throughput of the Bitcoin blockchain.

Nowhere did I say "most people should rely on off chain solutions."

SC/LN do not require trusted third parties, and they do truly increase the throughput of the Bitcoin blockchain.

Quote

Sorry if that burns your butt.   Wink
They are third parties, and they do not increase the throughput of the Bitcoin blockchain directly, even larger deployment of SC/LN would still require a larger blocksize to support this in the long term.

I like the lighting network however I am skeptical of side chains due to them being to complex. Either way the blocksize still needs to be increased.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Ive already gone through all of this with you on why andd how bitcoin is a settlement system..

Yup but it didn't make any sense from any economic point of view and none actual bitcoin financial institutions want this anyway.

http://blog.blockchain.com/2015/08/24/industry-endorses-bigger-blocks-and-bip101/

So it won't happen and bitcoin will be forked out at some point.

Quote

Meanwhile...

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
You think that most people should rely on off chain solutions? Needing third parties in order to transact in Bitcoin defeats part of the purpose. We should be able to use the Bitcoin Blockchain directly, off chain solutions do not truly increase the throughput of the Bitcoin blockchain.

Nowhere did I say "most people should rely on off chain solutions."

SC/LN do not require trusted third parties, and they do truly increase the throughput of the Bitcoin blockchain.

Quote

Sorry if that burns your butt.   Wink
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