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Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 93. (Read 378993 times)

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
The XT supporters make their true intentions clear:

Quote from: Peter R
I think what your missing is that the only consensus that matters is that formed by the longest persistent chain. If the longest chain includes blocks larger than 1 MB, well that is just Bitcoin's consensus system doing what it's supposed to do. If--in the distant future--there was some important reason to maintain a small perpetual inflation rate, then the longest chain would probably include some small perpetual inflation.

https://www.reddit.com/r/Bitcoin/comments/3siyff/theymos_asked_for_a_reason_to_propose_any_block/cwxuv81

Yes, that also had me raise an eyebrow.
legendary
Activity: 1260
Merit: 1002
The XT supporters make their true intentions clear:

Quote from: Peter R
I think what your missing is that the only consensus that matters is that formed by the longest persistent chain. If the longest chain includes blocks larger than 1 MB, well that is just Bitcoin's consensus system doing what it's supposed to do. If--in the distant future--there was some important reason to maintain a small perpetual inflation rate, then the longest chain would probably include some small perpetual inflation.

https://www.reddit.com/r/Bitcoin/comments/3siyff/theymos_asked_for_a_reason_to_propose_any_block/cwxuv81





press it! Cheesy

Why?  Because the idea that Bitcoin is ultimately controlled by the market is too dangerous?


you no market, you're a charlatan.
legendary
Activity: 1162
Merit: 1007
The XT supporters make their true intentions clear:

Quote from: Peter R
I think what your missing is that the only consensus that matters is that formed by the longest persistent chain. If the longest chain includes blocks larger than 1 MB, well that is just Bitcoin's consensus system doing what it's supposed to do. If--in the distant future--there was some important reason to maintain a small perpetual inflation rate, then the longest chain would probably include some small perpetual inflation.

THE REST OF MY QUOTE: But these sorts of events are not to be feared--they are what allows Bitcoin to adapt to challenges as they arise. They would not result in bitcoins having no value as some fear, but are what prevents Bitcoin from losing its value in the face of obstacles.

This is what the Bitcoin experiment is all about! If we can't trust the market to make good decisions for the health of Bitcoin--and if we really do need people like Greg and Adam making those decisions for us--then Bitcoin has already failed.


https://www.reddit.com/r/Bitcoin/comments/3siyff/theymos_asked_for_a_reason_to_propose_any_block/cwxuv81





press it! Cheesy

Why?  Because the idea that Bitcoin is ultimately controlled by the market is too dangerous?
hero member
Activity: 546
Merit: 500
brg444,

Why would the market care yet? No one is complaining about high fees yet. No adoption is being hindered. Yet. The market is patient as long as it can be, and prefers the conservatism of sticking with Core until Core shows itself to be definitely unwilling to meet market demands. This may or may not happen, depending on what Core decides to do with the blocksize in the coming months. I'm guessing Core will increase the blocksize fairly soon, but if they don't. POW.

With the quote, I have no idea what it's getting at. Who are the "needers" and who are the "creators and owners" - needers, creators, and owners of what?

It's really very simple: investors can support whatever fork they like, and there will go the hashing power and eventually the development. Investors hold the keys to the castle. Always have, always will. It doesn't matter if they don't create or own anything. All that matters is they can move the price of CoreBTC or XTBTC when the time comes.

Maybe you need to read it again:

"The community" of people that need things can not fork Bitcoin to provide for their needs at the expense of the actual community of people that create things and own things."

If you agree that "the investors" decide then you should understand that the individuals of make the majority of "the investors" group largely could not care less about an marginal increase in fees by the simple fact that they are largely "Bitcoin rich". This very clear fact also suggest that they do not particularly care whether adoption by those who cannot afford larger fees is hindered.

The needers are those who need small fees and MOAR transactions. The owners are "the investors".

As such you may need to revise your expectations of what "the investors" pain points are and how long they can remain patient.
Smart investors would realize that keeping the fees low would allow for increased adoption, since smart investors would know that further mass adoption is what would be best for their investment. What you refer to as the "needers" are the users of Bitcoin, these are the people that give Bitcoin more value. Even investors will need to transact in order to exchange their Bitcoin for fiat. I rather hold on to my Bitcoin and exchange them for goods and services directly as opposed to waiting to cash out so to speak, since if that was everyone's mentality that would not be much better then a pyramid scheme, that is thankfully not the case and many people here do truly believe like myself that Bitcoin is the future of money and much more.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
The fact is that Core has not increased the blocksize and they have no plan in place to do so either. What you are saying does not change this reality.
What kind of fact is that? Even if they thought so, they aren't allowed to change their mind? Very weird thinking.
The fact is that right now Core will not increase the blocksize and they have not publicly stated their definitive plans to do so. It is strange that you find it so difficult to acknowledge this fact.

More disgusting lies  Angry

Shame on you.
legendary
Activity: 1162
Merit: 1004
Quote from: Lauda
Enough of those gifs. I've seen them all.

I'm not posting only for your benefit.  A lot of people haven't seen them.  For example, this one was banned (twice) from /r/bitcoin:

Won't you get off us you fucking psycho. The mad house is over there : https://bitco.in/forum/

A small blocker who is loosing control. Over and over again. It's really great how you are exposing yourself all the time in this ad hominem thread. Great job!
legendary
Activity: 1260
Merit: 1002
The XT supporters make their true intentions clear:

Quote from: Peter R
I think what your missing is that the only consensus that matters is that formed by the longest persistent chain. If the longest chain includes blocks larger than 1 MB, well that is just Bitcoin's consensus system doing what it's supposed to do. If--in the distant future--there was some important reason to maintain a small perpetual inflation rate, then the longest chain would probably include some small perpetual inflation.

https://www.reddit.com/r/Bitcoin/comments/3siyff/theymos_asked_for_a_reason_to_propose_any_block/cwxuv81





press it! Cheesy
legendary
Activity: 1260
Merit: 1002
Quote from: Lauda
Enough of those gifs. I've seen them all.

I'm not posting only for your benefit.  A lot of people haven't seen them.  For example, this one was banned (twice) from /r/bitcoin:



administrator
Activity: 5222
Merit: 13032
The XT supporters make their true intentions clear:

Quote from: Peter R
I think what your missing is that the only consensus that matters is that formed by the longest persistent chain. If the longest chain includes blocks larger than 1 MB, well that is just Bitcoin's consensus system doing what it's supposed to do. If--in the distant future--there was some important reason to maintain a small perpetual inflation rate, then the longest chain would probably include some small perpetual inflation.

https://www.reddit.com/r/Bitcoin/comments/3siyff/theymos_asked_for_a_reason_to_propose_any_block/cwxuv81
legendary
Activity: 1162
Merit: 1007
Quote from: Lauda
Enough of those gifs. I've seen them all.

I'm not posting only for your benefit.  A lot of people haven't seen them.  For example, this one was banned (twice) from /r/bitcoin:

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
Quote from: Lauda
Enough of those gifs. I've seen them all.

I'm not posting only for your benefit.  A lot of people haven't seen them.  For example, this one was banned (twice) from /r/bitcoin:

Won't you get off us you fucking psycho. The mad house is over there : https://bitco.in/forum/
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
Wow, 200 followers! Compared to 26'000 Bitcoiners who follow Roger Ver.
A true small blocker!

 Cheesy

What is this? A popularity contest  Roll Eyes

Currencies are a popularity contest. Bitcoin is not very popular until today compared to the US$. But the times, they are a changin.
That will also be true for dev decentralization. You've got choice. Whether you like it or not.

Yes, you can have the popular idiots  Roll Eyes

legendary
Activity: 1162
Merit: 1004
Increasing the block size != support for XT. I (e.g.) have nothing against a reasonable increase. On the other hand, I'd be gathering support to reject Bitcoin in general, should XT take over.

Why does XT have to "take over"?  Why can't we decentralize development and embrace multiple protocol implementations?





Isn't reporting the same inane nonsense all the time a bannable offence around here? You have posted the same exact thing countless times ever since the run up to Montreal, and your reponse to criticism is posting the same thing again. Do you have a mental illness? I heard you are in the medical field, get checked.

As if you are not reporting your same ad hominem nonsense all the time.
legendary
Activity: 1162
Merit: 1007
Why does XT have to "take over"?  Why can't we decentralize development and embrace multiple protocol implementations?
My answer is, why would we? Exactly what do you think this will achieve aside unnecessary complexity; less control for Core?

Yes, less control for Core and more voice of "exit" for users.  

For example, imagine that today there were three dominant implementations each with about 1/3rd node share.  Perhaps one of these implementations proposes BIP101 as a solution, another proposes a one-time raise to 2 MB, while the third proposes to retain 1 MB.  Users would migrate to the implementation that met their needs with less friction--people would vote with their feet.  Finally, in an effort to retain their dwindling node share, the other implementations would cave in and make fork-wise compatible changes.
hero member
Activity: 546
Merit: 500
The fact is that Core has not increased the blocksize and they have no plan in place to do so either. What you are saying does not change this reality.
What kind of fact is that? Even if they thought so, they aren't allowed to change their mind? Very weird thinking.
The fact is that right now Core will not increase the blocksize and they have not publicly stated their definitive plans to do so. It is strange that you find it so difficult to acknowledge this fact.

I actually favor a more moderate increase as well, however in the absence of a third alternative and when forced to choose between Core and BIP101, I choose BIP101, even if that means I am choosing the lesser of two evils.
Well I'd even go with BIP101 in Core, but I'd never go with XT. It comes with a lot of baggage and a CEO.
You can easily just patch BIP101 into Core yourself, or run a BIP101 only version of XT. Only the blocksize increase is consensus critical, everything else is optional, so there is no "extra baggage" as you claim.

Why does XT have to "take over"?  Why can't we decentralize development and embrace multiple protocol implementations?
Enough of those gifs. I've seen them all. My answer is, why would we? Exactly what do you think this will achieve aside unnecessary complexity; less control for Core?
Because it is an extension of the ethos of decentralization and yes this would lead to Core having less control, that would be the desired effect indeed. Reduced control/influence for any singular development team would be a great achievement and milestone for the development of Bitcoin.
legendary
Activity: 1162
Merit: 1004
Wow, 200 followers! Compared to 26'000 Bitcoiners who follow Roger Ver.
A true small blocker!

 Cheesy

What is this? A popularity contest  Roll Eyes

Currencies are a popularity contest. Bitcoin is not very popular until today compared to the US$. But the times, they are a changin.
That will also be true for dev decentralization. You've got choice. Whether you like it or not.
legendary
Activity: 1260
Merit: 1002
@muyuu probably took him so much time to make these gifs, so he might be a little sensitive about letting them go.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
Increasing the block size != support for XT. I (e.g.) have nothing against a reasonable increase. On the other hand, I'd be gathering support to reject Bitcoin in general, should XT take over.

Why does XT have to "take over"?  Why can't we decentralize development and embrace multiple protocol implementations?

See that's precisely how broken this argument is.

XT being the only implementation currently supporting bigger blocks it would take near unanimous adoption by every full nodes to enable its "vision"

What would happen then is you'd merely switch Core for XT in your little gifs.
donator
Activity: 980
Merit: 1000
Increasing the block size != support for XT. I (e.g.) have nothing against a reasonable increase. On the other hand, I'd be gathering support to reject Bitcoin in general, should XT take over.

Why does XT have to "take over"?  Why can't we decentralize development and embrace multiple protocol implementations?





Isn't reporting the same inane nonsense all the time a bannable offence around here? You have posted the same exact thing countless times ever since the run up to Montreal, and your reponse to criticism is posting the same thing again. Do you have a mental illness? I heard you are in the medical field, get checked.
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