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Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 70. (Read 378992 times)

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
legendary
Activity: 1162
Merit: 1004
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
It's amazing to see what uncontroversial technical consensus looks like:

BIP65 a week release of supporting version



Now compare BIP101/XT after 3 months


source: https://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a

Great contribution to this thread! Deserving of the #REKT stamp of approval

legendary
Activity: 1064
Merit: 1000
It's amazing to see what uncontroversial technical consensus looks like:

BIP65 a week release of supporting version






Now compare BIP101/XT after 3 months



source: https://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks

In any case-- I suggest you stop thinking in terms of finding ways to "force" people to do things; it's unbecoming.

The market will force the centralized dev team to raise the limit. That is my prediction. If you decide to prolong the stalemate ("which is the preferred outcome of bitcoin core" according to your cheearleader iCEBREAKER, the ad hominem warrior), your influence will be marginalized. The market will not be forced to follow the devs of one company any longer. The tide is turning.



Core running at full steam while XT's spiritual leader just rage quit and the "Unlimited" team of Lolcows can't even figure out what the hell it is they're trying to do.
legendary
Activity: 1162
Merit: 1004
No, xapo did it before. Those are the market players who will enforce big blocks next year. Zero chance for the steam blocking trolls.

Do you enjoy sucking up to the bankers?

Are these the leaders you trust Bitcoin with? Larry Summers, Citibank & Visa?


Your signature is sucking up to the bankers.
legendary
Activity: 1162
Merit: 1004

In any case-- I suggest you stop thinking in terms of finding ways to "force" people to do things; it's unbecoming.

You are free to suggest whatever you want. The market will force the centralized dev team to raise the limit. That is my prediction. If you decide to prolong the stalemate ("which is the preferred outcome of bitcoin core" according to your cheerleader iCEBREAKER, the ad hominem warrior), your influence will be marginalized. The market will not be forced to follow the devs of one company any longer. The tide is turning.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
No, xapo did it before. Those are the market players who will enforce big blocks next year. Zero chance for the steam blocking trolls.

Do you enjoy sucking up to the bankers?

Are these the leaders you trust Bitcoin with? Larry Summers, Citibank & Visa?
legendary
Activity: 1162
Merit: 1004

Their Big Lie is that Bitcoin was created to replace commercial banking, not central banking (as if the Genesis Text was about $2 ATM fees instead of TBTF bailouts).

Brilliant observation, thank you.

It is indeed.  I personally care not one iota about replacing ATM's.  The debt-based monetary system which currently animates the entire economic state of my country is what I care about.  More specifically, the inherent life expectancy of such systems and their typical failure modes, and what it may mean to me.  Even more specifically, what evolves out of such an implosion.

It is worth note that almost without exception the efforts that Hearn and Andresen have focused on are to facilitate to enlistment of people who's interest does not go beyond the ATM/VISA/PayPal aspect of the Bitcoin monetary system.  I attribute this to a strategy which recognizes that these participants are a distinct liability to the defensibility of the ecosystem.  The demands that 'the masses' make will open many chinks in the armor.  Actually 'chinks' is an understatement.  The effect would be that of a sufficiently large torpedo detonated under the keel mid-ship.

I do believe that this 'enlist the masses' focus has been strategic, and is for the ultimate purpose of destroying the Bitcoin solution in it's initial form.  At least in Hearn's case.  Gavin may at one point have been legitimately convinced that ballooning the userbase was a viable defense however naive that may be, and also that bending over backward to placate the existing political power structures so that they will be nice to us made sense.  I don't believe that that is a sustainable argument any more if it ever was, and Gavin must certainly know this.



heh, and now coinbase goldman sachs is issuing bitcoin 'debit' cards...

clearly the innovation of teh century!


No, xapo did it before. Those are the market players who will enforce big blocks next year. Zero chance for the stream blocking trolls.
legendary
Activity: 1162
Merit: 1004
RBF also mitigates BTTC's impact.   Grin

Quote
petertodd

you can (ab)use this service to zeroconf double-spend merchants by first creating a low-fee transaction paying a BTCC wallet address, followed by double-spending that transaction with one paying the merchant. BTCC will mine tx1 even after tx2 is created, yet all other miners will mine tx2. (and may not even see tx1) Similarly, tx1 is unlikely to be propagated widely if at all, so the merchant probably won't even see it and won't know they're being doublespent.

RBF and CPFP both make fee bumping fairly easy, which makes this kind of service a lot less useful - I'm far more concerned about other centralization pressures than this one.



Is there a life beyond war for you frontists? Every second 'post' with war and blood pictures. How sick is that? Bitcoin is not a playground for warriors and socialist collectivists (Front National statists).
legendary
Activity: 1162
Merit: 1004
As for El Todd's new stragety, it is to exploit the crap out of BTCC if they start to be shitlords.

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@petertoddbtc

Idea: (ab)use BTCC's BlockPriority to doublespend w/ a zero-fee doublespend paying a BTCC wallet addr, followed by high-fee to merchant.


https://twitter.com/petertoddbtc/status/667754533800382465

Heh, so rekt.  You should have learned from the XT debacle and CLTV/RBF triumphs to always bet on El Todd.   Wink

They are finished. BIP101 triggered the turning tide. The BTTC event will force core to raise the limit even more soonish than intended until yesterday.

BTCC is a non-event, but cling to your latest FUD narrative if it helps soothe the sting of your crushing defeat by Team Core.

You Gavinistas have a thing for celebrating victory before the battle has started.  How did that work out for XT and BIP101?

Your ridiculous XT-proxy war is the best sign that the Bitcoin 'community' will leave your ridiculous 1MB cap behind next year. Nobody cares about your XT phobia.
It is irrelevant how the devs are forced to implement big blocks. Relevant is that they are.
legendary
Activity: 4760
Merit: 1283
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The BTTC event will force

...
There is nothing all that interesting about it, in this case: In Bitcoin, a fee is pretty much a fee regardless of its paid in or out of band.
...

Speaking of 'out of band', let me again suggest that it ('out of band') is a powerful concept which could be used to financially reward all infrastructure providers rather than just miners.  Specifically, 'full verifying transfer nodes' (shortened to 'full nodes'.)  The obvious reason for doing so would be that it would foster a broad and robust network.

If a dedicated subordinate chain were used for the 'global network infrastructure support reward' duty, the payouts could be done on the micro level.  Only those actively supporting the infrastructure would care much about this particular sidecoin so the load would not need to be borne on the main-chain.  Better yet, there would need be nearly no changes to core as it operates now provided that the miners could be induced to submit the block reward to the support sidechain.  Not sure how best this would be accomplished (if it is even very possible.)

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
I want to apologise to Ice and Berg and anyone one else that I may have had a pop at on this or other threads.

Is anyone else struggling to remember the above? Not saying it didn't happen, bett, but you're possibly being a little too hard on yourself  Huh

 Cheesy

I also think he is. To his merit he never quite reached my & Ice's level and as far as I remember remained somewhat cordial although had his share of snarky comments  Grin
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
I want to apologise to Ice and Berg and anyone one else that I may have had a pop at on this or other threads.

I still remain of the opinion that block size increase (sooner rather than later) should happen. Circular arguments for and against by either side have been done to death, so lets agree to disagree.

What I wanted to apologise for though, is that in previous discussion I have assumed bad faith from those who may hold a different view to me. The one thing we all share is a desire for bitcoin to succeed. Despite 'bitcoin succeeding' meaning different things to different people. When one feels passionate about something it can be hard to not let emotions cloud your thinking. My passion go the better of me, I got caught up in the squabble. I realised it wasn't helping so I took time out to reflect and think about what really matters. That's why now I am posting again.

I think the argument is stupid and pointless, the animosity it generates amongst those on this forum is of no benefit to anyone, this is not a criticism of one side, its criticism of everyone involved including myself.

Furthermore I don't think the kind of discussion going on here or in any other thread is an accurate representation of the reality of what is going on amongst the people that actually matter (devs), regardless of how much one side may try to vilify those devs on the opposing side, or pick over posts to try and mischaracterise their position. I think the truth is probably far more mundane, and that the internet's "drama amplification unit" is in full effect.

I think what will be will be. I think we'll get bigger blocks and I think we'll get sidechains. I think they are both necessary and most certainly not mutually exclusive, in fact I think they are symbiotic in nature, and both crucial to the 'success' of bitcoin whatever that may be defined as. I think you need them both whether bitcoin is a settlement layer, or is used for buying your coffee.

I think I have been just as bad as everyone else. I am human, fallible, sometimes driven by emotion and that they got the better of me. Crucially I hope I have the strength to learn from this and not get caught up in it again.

So, flame on, warriors! Wink

That's appreciated. It's pretty normal to have emotions involved since we are all very much invested into this thing. Allow me to return the apology for whatever flaming I might've participated in  Grin

I always considered you a sane person and was a little befuddled to see you get carried away by the FUD of other propaganda artists who deserve much more blame.

It's understandable to have a differing opinions on the issue of the block size but please make sure you don't lose your mind like these guys over there: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-115

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for a core dev like Todd to say this, "Indeed, which suggests Bitcoin is poorly designed" is truly outrageous and suggests he should resign.
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and the 2 DevCore video presentations by Corrallo and gmax had the same attitude; Bitcoin is fragile and flawed. gmax said Bitcoin is controlled by 3 ppl. imagine that. what a jerk not to mention poor steward of the code. i'm outraged at these idiots.
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Just intuitively, if I were to guess what elements in the space were agents tasked to disrupt, the top of my list would be Peter Todd, Btcdrak, and John Dillon. I.e., Todd and two obnoxious anonymous randos that regurgitate his talking points nonstop.
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They can see their vision for btc slipping away from them.
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Seriously, I now see losing gmax & ptodd (and adam didn't contribute any code anyways) and their certainly valuable contributions in the past as much less of a problem as their toxic demeanor of being the arrogant and centralized self-elected 'Bitcoin wizards'
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Yep, the Blockstream core devs have got to go. They've betrayed all of our trust.



legendary
Activity: 2674
Merit: 3000
Terminated.
I'm not sure that's what the article (from Jan. 2015) implies..

Did some miner self-enforce a 750kb soft limit? Yes.

Is the effective limit 1MB? Absolutely.

I mean we're seeing blocks above 750kb on a daily basis now...
In other words, we are not at the limit. Ignore that article. Just because some miners have set up soft limits that does not mean that we are at a limit. Nothing should surprise you here. Some are eager to rush everyone into a decision or just an increase. The real question is why? (definitely not because of good intentions) Rushing into anything is usually very bad.
legendary
Activity: 3430
Merit: 3080
I want to apologise to Ice and Berg and anyone one else that I may have had a pop at on this or other threads.

Is anyone else struggling to remember the above? Not saying it didn't happen, bett, but you're possibly being a little too hard on yourself  Huh
legendary
Activity: 2576
Merit: 1087
I want to apologise to Ice and Berg and anyone one else that I may have had a pop at on this or other threads.

I still remain of the opinion that block size increase (sooner rather than later) should happen. Circular arguments for and against by either side have been done to death, so lets agree to disagree.

What I wanted to apologise for though, is that in previous discussion I have assumed bad faith from those who may hold a different view to me. The one thing we all share is a desire for bitcoin to succeed. Despite 'bitcoin succeeding' meaning different things to different people. When one feels passionate about something it can be hard to not let emotions cloud your thinking. My passion go the better of me, I got caught up in the squabble. I realised it wasn't helping so I took time out to reflect and think about what really matters. That's why now I am posting again.

I think the argument is stupid and pointless, the animosity it generates amongst those on this forum is of no benefit to anyone, this is not a criticism of one side, its criticism of everyone involved including myself.

Furthermore I don't think the kind of discussion going on here or in any other thread is an accurate representation of the reality of what is going on amongst the people that actually matter (devs), regardless of how much one side may try to vilify those devs on the opposing side, or pick over posts to try and mischaracterise their position. I think the truth is probably far more mundane, and that the internet's "drama amplification unit" is in full effect.

I think what will be will be. I think we'll get bigger blocks and I think we'll get sidechains. I think they are both necessary and most certainly not mutually exclusive, in fact I think they are symbiotic in nature, and both crucial to the 'success' of bitcoin whatever that may be defined as. I think you need them both whether bitcoin is a settlement layer, or is used for buying your coffee.

I think I have been just as bad as everyone else. I am human, fallible, sometimes driven by emotion and that they got the better of me. Crucially I hope I have the strength to learn from this and not get caught up in it again.

So, flame on, warriors! Wink
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
We've yet to average over 750kb on the weekly.
750kb is the limit of a 1MB block. We are already at the limit.

 Huh

I'm not sure that's what the article (from Jan. 2015) implies..

Did some miner self-enforce a 750kb soft limit? Yes.

Is the effective limit 1MB? Absolutely.

I mean we're seeing blocks above 750kb on a daily basis now...
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
We've yet to average over 750kb on the weekly.
750kb is the limit of a 1MB block. We are already at the limit.
legendary
Activity: 2674
Merit: 3000
Terminated.
It is a possibility, figures though that you default to attacking the man like you do have done towards most people you disagree with on this thread. I think it is safe to assume that transaction volume will continue to grow however.
You are correct. However it is also safe to assume that quite a decent portion of the current volume is spam. Regardless of both points, whoever says that there is a issue right now is a manipulative liar. Hong Kong is a few days away; people need to be a little more patient.
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