Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 68. (Read 378992 times)

"Strong minds discuss ideas, average minds discuss events, weak minds discuss people":

https://bitcointalksearch.org/user/lauda-101872

"We don't believe that we, as developers, should be dictating economic policy."

https://www.reddit.com/r/Bitcoin/comments/3ttu4k/btcsuite_announcing_btcd_0120_release/cx96i1i

Can you qualify the bolded statement? You're simply asserting your regard for a viewpoint without explaining why. If it resonates with you so deeply, I expect you will be only too happy to explain.

There is not going to be a "free choice". Who knows what Hearn promised supporters like Coinbase. Essentially the tactic is getting the major services to join you. Once everything is set up, the people will not have a "free choice" . It will either be sink or swim. Also 75% consensus is definitely not enough, and will cause damage (as intended). Face it, there's nothing good about XT. Do you want bigger blocks, be it 2,4,x MB? Fork Core, change the parameters/fork Core with BIP101 and there you have it.

The same people who are writing your papers.

If that were true, who do you suppose he's shilling for?

is there a TL;DR?

I have not kept up with the overly long debate of "Dah Blohk Seyez"

thanks

Rather he's a charlatan, or prolific shill, who you have been sucked in by,

All you are doing is demonstrating your lack of knowledge of the art, or intelligence to know you are out of your field, passing judgement on things you are not equipped to be assessing.

You had to do it sgbett, didn't you... Inducing iCE to say something I agree with. 

hehe, well nice one mate.

i did heard that one of the main "actual" flaw here is the malleability issue.

its always about mark karpeleese anyway. ^^

Bitcoin is both a commodity and a currency. It can do both of these things, just like the gold and silver coins of ancient times. Do not believe when people say that we must choice between these two aspects of Bitcoin, it is a false dichotomy, a false choice. These two aspects of Bitcoin are actually synergistic they reinforce each other. After all Bitcoin was designed to be a peer to peer electronic cash system which has some of the same properties of a commodity like gold.

Bitcoin can be many things to different people even beyond commodities and currency, we do not need to restrict Bitcoin and we do not need to limit it in order to preserve decentralization. We also certainly do not need to rely on a centralized authority for the development of Bitcoin or else, Bitcoin is strong, Bitcoin is anti-fragile. We will overcome this challenge and progress in the evolution of what Bitcoin started. Trust without centralized authority, freedom and decentralization applied to many different aspects of our life and civilization, it is a brave new world, so do not give in to fear and be brave, apply reason and choose freedom.

Hey, that's one of my old articles. Doesn't seem to be loading right now, seems CCN has fallen over.

Not sure what all this argument achieves - XT was crap and Gavhearn is gone, time to move on.

Seems to me we should be pushing for a fix to the Transaction Malleability bug so we can get the Lightning Network running. It needs to be fixed anyway.

https://bitcointalksearch.org/topic/m.12932924

More comedy from the free-range grass-fed Lolcows!   

They're really going off the deep end.  Loss of their Dear Leader Mikey has sent them over the edge.

https://www.reddit.com/r/bitcoinxt/comments/3trott/what_will_you_do_if_bip101_fails/


How do you buy out a FOSS project?  Is it a power only possessed by the Dark Mages of Evil Blockstream?   


Mikey's dependents are having abandonment issues:

https://www.reddit.com/r/bitcoinxt/comments/3tjyjd/30_top_banks_and_bitcoin_developer_mike_hearn/



Oh, the huge manatee!   

Bitcoin is, or could be, a reserve currency NOT for the banks.

A common phrase back in the day way 'be your own bank.'  That is what both Bitcoin and gold, as a class of assets which don't involve counter-party risk and which are resistant to interference, bring to the table.

It may be the case that it is not technically practical to use an asset which is as powerful as Bitcoin to store wealth in increments small enough to represent a pair of tennis shoes.  That would be mildly sad, but the ability of others in the same general peer group who have amassed a somewhat more being able to protect it without the intrusive 'help' of governments and corporations will benefit the flat broke as well.

Yes, under a total control system the mainstream can and will re-distributed from the middle to the bottom which may seem like a win to someone who cannot afford a pot to piss in, but they will siphon off plenty for their own upper segment in the process.  To resolve this problem, subordinate chains build on the non-counterparty-risk aspect of Bitcoin (hopefully, or a satisfactory like reserve if not) to bring this basic strength to 'the masses.'

"that's not me that's you". Really? Is that the level you're operating at now? 

Confirmed: iCE = Banks = JPM = shitlords

He says: Bitcoin is not for the people ("free shit army"), it's a reserve currency for the banks.

circle bitpay 'und' al. shitlords are burning cash like crazy mofos.  


no wonder they finally exit bitcoin as nobody uses their purchases tracking service, especially when hoarding bitcoin is the only game we are playing here.

bitcoin 'debit' card they said.. either they think we are retards or they just are.


ps: im more and more encline to put some satoshis on the F.DERP fund... (certainly no investment advice here )

https://www.cryptocoinsnews.com/f-derp-short-risky-bitcoin-startups/

Confirmed: Hearn = Circle = Goldman = shitlords

Circle, Bitreserve, and BitPay are turning their backs on bitcoin


How many silver shekels did Goldman pay Mikey for betraying Bitcoin?

Oh right I forgot...that's none of our business...we should only worry about conflicts of interest involving companies named Blockstream.   

XT is not a takeover of Bitcoin, I wish you would stop saying this, I can respect your position, but saying that XT is a takeover actually harms all of Bitcoin regardless of what you believe.

Rule by the economic majority is how Bitcoin is meant to be governed. So if the majority of people freely choose to adopt an alternative implementation of the Bitcoin protocol then this should be considered legitimate, even if you disagree. XT requires seventy five percent consensus in order for it to even initiate a fork after all.

If Core was the client introducing BIP101 and XT represented the alternative choice for one megabyte blocks you might not have been so quick to describe XT as a takeover of Bitcoin. I do not think it is even possible to "takeover" Bitcoin. The only way for Bitcoin to lose its inherent freedom would be if people chose to give up their freedom, which is why I find such totalitarian conceptions of Bitcoin to be harmful, since Bitcoin does reflect the culture of its participants.

XT can only be considered a takeover if you believe that Core should or does rule Bitcoin, which is the same as saying that this small group of technical experts should decide on the future of Bitcoin. I find this mentality to be totalitarian in nature and antithetical to the ethos of Bitcoin.

https://medium.com/@riprowan/the-entire-debate-transcends-block-sizes-and-gets-to-the-fundamental-principles-of-bitcoin-as-c7f7bc1a493#.e6tlubrv7

there will be no corporate banking take over of bitcoin.



cypherpunk's home brew monetary sovereignty is the only deal.