Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 209. (Read 378996 times)

Bitcoin is not a business you idiot. It is a reserve currency for an economy.

The Knight22 formula!

I suggest you find better history books.

Gold originated as a store of value in the form of collectibles, jewelry that would be gifted between different individuals of a tribe. The more they accumulated the bigger their wealth and status was. Gold was scarcely used as a transactional currency given its value. Other instrument were devised for that function.

Maybe you should understand that for big businesses it goes like this:

System that guarantees scaling  --> marketeer (which cost money)  --> adoption

Not the other way around.

This deserves to be quoted for posterity.

Bitcoin is about decentralized, transferable value. That's what is important. Keeping that system robust is paramount. Security and consensus come first. What a few corporate executives think should have no bearing on that.

It goes like this: adoption --> scaling. We are missing the first part.

Also, but the sole responsible is Core devs not delivering what the market asks in a timely manner.


Actually yes. You should go back read your history books. No one will treat bitcoin as a reserve currency if it cannot be used a currency first.

I think I'm going to try to take a new approach at this from now on.  I honestly don't understand the abject hatred that BIP101 seems to attract and I doubt it can be remedied at this point.  But I'll point out one obvious thing here.  It was the first proposal that saw any significant attention and rather than suggesting improvements and offering constructive criticism on how to improve it, all we saw was a barrage of accusations of ill-intent from the offset.  So the harder people try to discredit it, the harder others try to defend it and it just keeps escalating and polarising discussion.  No one is winning anyone over and people are just digging their heels in and refusing to budge.  It's just an increasingly noisy stalemate as you find new trivial technicalities to quibble over.  

It's easily done and I've found myself getting caught up in it.  I read a proposal that sounds reasonable to me, yet someone else finds it an abomination, but rather than state why they disagree, they attack the person who came up with the proposal.  I then question the motives of why they're attacking the person and not the proposal and assume they have an agenda, so I attack them and it all goes downhill from there.  But none of that results in getting any closer to a proposal anyone is likely to agree on.  I'm getting tired of calling motives into question when no one can clearly state what the hell their goal is.  After a few posts, apparently everyone involved is either "blind", "deluded", "dishonest" or whatever other insults start flying from both sides.

If people keep spouting this "dictator" and "attack" nonsense, I don't see how they expect people on the opposing side to find some common ground to agree with them on and move forward.  Also, the very fact that there seem to be "sides" at all means we're approaching this little debate all wrong.  If you disagree with the BIP101 proposal, or any of the proposals for that matter, fair enough, but do it in a less hostile way.  At least state your reasoning in a fashion that doesn't make you sound like you're deliberately trying to troll, like this stupid #rekt meme.  Then you'll find when people come to defend the proposal, they won't be as hostile towards you and there might actually be a hint of a sensible discussion.  If all you're going to do is keep slinging the same mud back and forth, how do you honestly expect things to progress?  This thread was destined to be a shitstorm from the start.

Stop the "XT vs Core" crap
Stop the "1mb vs 8mb" crap
Stop the "Blockstream vs Gavincoin" crap

It shouldn't be "anything vs anything" because that's not helping.  It should be "here's option A, these are the pros and cons.  Here's option B, pros/cons.  Option C, etc.  Clear and analytical discussion.  Can we try that just for a change?  

You know what makes speculators flee away? Attacking Bitcoin's trust.

Understand that some have a different conception of Bitcoin's role in the future monetary system. The value Bitcoin offer is not in cost-effective or fast transaction and you are only fooling yourself if that is what you speculate on.

Bitcoin is the world's monetary reserve. A new gold standard. No one historically has bought and piled stacks of gold because derps were using it in transactions.  

I buy and hold and I sure hope no one will have to buy coffees on the Bitcoin blockchain. What a pain! 

I thought you had a more interesting vision for Bitcoin Adam  I'm sorry to break it to you but smart adopters are definitely not buying in hopes of mass-consumer adoption scenario.

Both goes together, you should know that. No one is going to buy and hold if no one will be able to use these bitcoins at some point for either  buying a cafe or whatever else. Speculators speculate on real market movements. Crippling the block size can only cripple the market which will makes speculators fleeing away.

adopters that will buy and hold, do so in the hopes one day everyone is doing "bitcafe transaction"

so maybe you should care?

lemme guess..

I could careless about some noob having its bitcafe transaction delayed.

The only adopters I care about is those that will buy and hold. This has no impact on them.

I guess this is good for adoption right? 

Having a clear scalability path in a clear time frame is what all of the big businesses need. Too bad you and Core are just too blind to see this but we are now facing the consequences. Now face it.

 

Yes I commented on this issue here:

Actually this noob you are talking to is likely not to learn anything.

Noobs will learn. That has no impact on the status of the Bitcoin network.