Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 134. (Read 379003 times)

It being open source does not change the contradiction.

You are referring vaperware companies that does not exists while ignoring the needs of the actual market.

Enough said. Prepare yourself to be forked out by the real market that have real immediate needs.  

Don't mind me just preserving that for posterity




 

Oh sorry it didn't know you had never heard of open-source

Enough said. You are completely disconnected from reality and contradicting yourself.

Irrelevant? I don't see how.

These companies are irrelevant yes since most of them are only banking parasites trying to fit Bitcoin into their paradigm attempting to create closed gardens they can control.

A majority of them have no Bitcoin balance to speak of and are nothing but a bunch of old fiat money infrastructures and bureaucracy. It's likely half the amount of their venture raises are used to bribe financial and government officials so they can also get in the club.

As any entity on the Bitcoin network they are to be judged on their peer participation, bitcoin balance and reputation.

Your delusion that they have any importance is spurious and demonstrates how much of a low level noob you are. Bitcoin doesn't need these VCs and these entrepreneurs. It will succeed as a store of value and a peer-to-peer network for private payments. We absolutely can make it without your broken consumer attittude and your "mass adopters". Any thing the masses cling to typically turns into a worthless piece of shit anyway.

We stand to make sure this doesn't happen to Bitcoin and that's why if you're not happy with the code, fork yourself.

Completely irrelevant comment.

What a lame with his fiat companies 

How many of these have positive cash flow denominated in Bitcoin?

 

Bitcoin is a settlement system and a currency, and many more things, your conception of Bitcoin is restricted and narrow, fortunately not everyone agrees with you. Cryptocurrency will rise and triumph regardless.

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.

Yes, Satoshi had forethought of the payment channels and other open networks I'm referring to. I'm sure he knew someone would come up with something like Lightning.

Ive already gone through all of this with you on why andd how bitcoin is a settlement system..

lol this is blatantly false and you know it.

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 for retail transaction to happen 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.

Which means running a full node will become useless for almost everybody but financial institutions to settle their interbank payments. Not very useful for you and me.

That is true, no matter what happens to Bitcoin, the crypto revolution will stay alive because of altcoins.

Then every altcoin can fill that purpose no?

I agree, however with one megabyte blocks at greater levels of adoption, it would lead to centralization in terms of the limited amount of competing third party payment processors or banks. Since in order to transact with the Bitcoin blockchain directly the average person would be priced out by having to compete with payment processors and banks over the limited space. I do not think that situation would arise because of the existence of competing altcoins however hypothetically this limited group of payment processors and banks could become points of censorship as well. Much worse obviously then a blockchain that more people can use directly.

https://bitcointalksearch.org/topic/permanently-keeping-the-1mb-anti-spam-restriction-is-a-great-idea-946236

"Running a node is the only way to verify you balance privately without signaling your intention to the NSA"

Your full node is to be used in the future mostly to settle or resolve disputes between the numerous open source payment systems to come.