BUcoin is officially dead - page 2. | Bitcointalksearch.org

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: jonald_fyookball on March 15, 2017, 10:22:15 PM

ideally we shouldnt have to "trust" any group of developers. This is supposed to be decentralized and trustless.

Wise words.

You should rather trust what you see.

I see (next to lots of FUD) reactions like bug was fixed very quickly - more nodes up now than before.

I still hope that since we have 2 groups in hard competition they will help each other in the end - and I don't mind which way they do (hacking, helping, ...) - finally we will all benefit.

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: chopstick on March 15, 2017, 11:30:59 AM

Bitcoin's marketshare has dropped below 80% for the first time.

Bitcoin businesses are dropping Bitcoin as a payment method left and right.

Yeah, bitcoin is fine. We don't need any competing implementations. All we need is Blockstream Kore. Their leadership is perfect and ONLY they know the true way forward Roll Eyes

Lightning Network will solve ALL our problems when it's finally released 5 years from now! /s

The truth is that BlockstreamKore are a fucking cancer that need to be removed with some kind of laxative.

If they aren't removed, then bye bye Bitcoin as the #1 Coin - Either Monero or Dash or Ethereum will take over the majority of marketshare.

Think about this for a second, wasnt it all an experiment from the very beginning? Didnt Satoshi say that there will be lots of transaction volume years from now, or there will be none? What if in 10 years BTC was really going down anyway? The only problem is it could come earlier than expected.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

ideally we shouldnt have to "trust" any group of developers. This is supposed to be decentralized and trustless.

Viscount

sr. member

Activity: 243

Merit: 250

Paashaas

legendary

Activity: 3512

Merit: 4557

Quote from: chopstick on March 15, 2017, 02:08:15 PM

Quote from: Paashaas on March 15, 2017, 02:02:06 PM

Quote from: chopstick on March 15, 2017, 01:16:46 PM

What you people fail to understand, is that as Bitcoin loses its utility and number of use cases it will also inevitably lose value, making it a poor store of value.

"Blah blah blah Chinacoin blah blah blah Roger Ver," that part of your post is just stupid FUD as usual, which is all you have for logic. No brains.

We should have the ability to choose between on-chain and off-chain scaling ourselves, or at-least have both, not have the solution forced onto us by people who think they know better (hint: they don't)

What you fail to grasp is the fact in terms of nodes, wallets, businesses, exchanges etc aka the economic majority wants Segwit. Technical improvement, trust, security and innovation outweight more what UB can offer.

Nobody cares how Blockstream gets his money, only BU people seems having a problem with it Undecided

You need to make consessions, i did that and i belong to that 'economic majority' untill BU can impress me.

This supposed "economic majority" is just another Ridiculous term invented recently to help push through Kore's propaganda.

The reality is that people want a blocksize increase. Some people have swallowed Kore's propaganda and think a blocksize increase is "too dangerous,"

You can't quantify any support in real, actual, tangible numbers based in fact.

Which means your "economic majority" is just more hot air.

Welcome on my ignore list, FUDsters like you are a disgrace for Bitcoin.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: -ck on March 15, 2017, 06:32:30 PM

The fact that the number of BU nodes is unchanged in light of the above speaks volumes for the type of people running them...

I assume you mean that they were able to quickly identify an outtage, apply the correct fix, and bring the node back online swiftly was good?

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: Carlton Banks on March 15, 2017, 01:25:03 PM

Well, I send merchants less than 100 satoshis per byte right now, and it confirms pretty quickly (<10 blocks most of the time)

Not sure why it could be such a big problem for anyone else, there's nothing special about the coins I'm sending.

10 blocks is an hour and a half on average, and 10 blocks is probably closer to the lower bound of what you will need to wait for a confirmation at this fee rate currently.

The problem with waiting 10 blocks, or longer is that there is the risk that you will be able to double spend the transaction when (not if) the mempool gets too large very quickly, and your original transaction drops from the mempool.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: -ck on March 14, 2017, 11:36:25 PM

Some of the nodes have come back online, presumably patched, but it's still under 400 on coin dance. I wonder how much time is needed to know how many have patched their clients and restarted them or have abandoned BU after this. It will probably be many days before we know since not all nodes will be attended to or monitored daily.

Looks like the number of nodes is back to the baseline of ~800. Both the second showstopper bug that was exploited and their embarrassingly bad attempt to cover it up by alleging core nodes were affected, and trying to fake the number of core nodes in existence look like less than exist have not perturbed them.
https://www.reddit.com/r/Bitcoin/comments/5zhmwn/andrew_stones_bu_dev_fake_screenshot_is_a_poor/
The fact that the number of BU nodes is unchanged in light of the above speaks volumes for the type of people running them...

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Quote from: European Central Bank on March 15, 2017, 03:52:02 PM

i want something that scales of course

Abandon the big blocks rhetoric if you believe that.

The bigger blocks approach is no different in scale irrespective of how big the size is, the rate of transactions increases 1:1 with the increase in blocksize. Not scaling is not scaling.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: chopstick on March 15, 2017, 02:08:15 PM

This supposed "economic majority" is just another Ridiculous term invented recently to help push through Kore's propaganda.

i would class the economic majority as people who don't want the bitcoin network to be thrown away by a reckless feud. i want something that scales of course, but i also want something that most of all works without any problems.

put everyone on here in a room today with two buttons, one says 'core', the other says 'unlimited' and tell them this vote will decide which chain becomes bitcoin. i don't think the unlimited button is gonna get alot of action.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

We were getting a bit too close for comfort with me thinking a hard fork would actually happen and that I'd have to do something relating to my bitcoin, be it buy, sell, or pick a currency to stick with cause you don't know which one is going to end up winning out.

Quote from: cellard on March 14, 2017, 06:18:58 PM

This is great news. I was getting a bit worried a hard fork would actually happen, but looks like Jihan's little nerd dream to be the emperor of bitcoin will not happen. Sorry, Core wins another day, and now $3000 are actually possible in 2017.

What do yall think the sub reddit for r/btc is looking like right about now? Anyone think they're in full damage control to attempt to show this is all bullshit and they'll "fix this" asap.

This is going to end BU forever, RIP that and it looks like Segwit will be able to pick up all the undecided and maybe even someone from Campaign BU.

chopstick

legendary

Activity: 992

Merit: 1000

Quote from: Paashaas on March 15, 2017, 02:02:06 PM

Quote from: chopstick on March 15, 2017, 01:16:46 PM

What you people fail to understand, is that as Bitcoin loses its utility and number of use cases it will also inevitably lose value, making it a poor store of value.

"Blah blah blah Chinacoin blah blah blah Roger Ver," that part of your post is just stupid FUD as usual, which is all you have for logic. No brains.

We should have the ability to choose between on-chain and off-chain scaling ourselves, or at-least have both, not have the solution forced onto us by people who think they know better (hint: they don't)

What you fail to grasp is the fact in terms of nodes, wallets, businesses, exchanges etc aka the economic majority wants Segwit. Technical improvement, trust, security and innovation outweight more what UB can offer.

Nobody cares how Blockstream gets his money, only BU people seems having a problem with it Undecided

You need to make consessions, i did that and i belong to that 'economic majority' untill BU can impress me.

This supposed "economic majority" is just another Ridiculous term invented recently to help push through Kore's propaganda.

The reality is that people want a blocksize increase. Some people have swallowed Kore's propaganda and think a blocksize increase is "too dangerous,"

You can't quantify any support in real, actual, tangible numbers based in fact.

Which means your "economic majority" is just more hot air.

Paashaas

legendary

Activity: 3512

Merit: 4557

Quote from: chopstick on March 15, 2017, 01:16:46 PM

What you people fail to understand, is that as Bitcoin loses its utility and number of use cases it will also inevitably lose value, making it a poor store of value.

"Blah blah blah Chinacoin blah blah blah Roger Ver," that part of your post is just stupid FUD as usual, which is all you have for logic. No brains.

We should have the ability to choose between on-chain and off-chain scaling ourselves, or at-least have both, not have the solution forced onto us by people who think they know better (hint: they don't)

What you fail to grasp is the fact in terms of nodes, wallets, businesses, exchanges etc aka the economic majority wants Segwit. Technical improvement, trust, security and innovation outweight more what UB can offer.

Nobody cares how Blockstream gets his money, only BU people seems having a problem with it Undecided

You need to make consessions, i did that and i belong to that 'economic majority' untill BU can impress me.

Fizamcc

full member

Activity: 126

Merit: 100

Quote from: pereira4 on March 15, 2017, 01:47:07 PM

Sooner or later we will find a way to properly scale bitcoin for global mainstream success, as of right now it is a good censorship resistant tool to store and move value. Unfortunately, this does not come cheap, as opposed to centralized payment networks which the average joe uses.

As Andreas said, as long as we struggle to scale, we are making progress (as in an analogy to how the internet is always struggling to scale)

In other news, looks like Roger Ver already patched his botnet and nodes are at an all time high. Too bad the damage is done already and BU's credibility is shattered forever.

What do you see scales for bitcoins in the future? I'm already tired of proving that bitcoin will not replace real money. For bitcoin, in my opinion, a different future is prepared.

pereira4

legendary

Activity: 1610

Merit: 1183

Sooner or later we will find a way to properly scale bitcoin for global mainstream success, as of right now it is a good censorship resistant tool to store and move value. Unfortunately, this does not come cheap, as opposed to centralized payment networks which the average joe uses.

As Andreas said, as long as we struggle to scale, we are making progress (as in an analogy to how the internet is always struggling to scale)

In other news, looks like Roger Ver already patched his botnet and nodes are at an all time high. Too bad the damage is done already and BU's credibility is shattered forever.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Carlton Banks on March 15, 2017, 01:25:03 PM

Well, I send merchants less than 100 satoshis per byte right now, and it confirms pretty quickly (<10 blocks most of the time)

Not sure why it could be such a big problem for anyone else, there's nothing special about the coins I'm sending.

I think the issue is you are waiting over an hour and a half to confirm. That doesn't work for brick and mortar shopping.

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Quote from: cellard on March 15, 2017, 01:29:51 PM

In any case only nerds and geeks use BTC to pay for stuff

How dare you! (guilty as charged Grin

)

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: Carlton Banks on March 15, 2017, 01:25:03 PM

Well, I send merchants less than 100 satoshis per byte right now, and it confirms pretty quickly (<10 blocks most of the time)

Not sure why it could be such a big problem for anyone else, there's nothing special about the coins I'm sending.

Bitcoin is as quick as ever for me with the recommended fee and even a bit lower.

In any case only nerds and geeks use BTC to pay for stuff, the rest is all for hedging against the collapsing fiat system and speculative purposes.

Mainstream usage is not viable without LN, think about the trillions of transactions we would need per day for a global mainstream economy, doesn't scale onchain.

In any case bitcoin as a store of value alone is highly underrated and worth more than gold, since it is a better gold already, and will only get better.

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Well, I send merchants less than 100 satoshis per byte right now, and it confirms pretty quickly (<10 blocks most of the time)

Not sure why it could be such a big problem for anyone else, there's nothing special about the coins I'm sending.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: chopstick on March 15, 2017, 01:18:18 PM

Quote from: Carlton Banks on March 15, 2017, 12:25:56 PM

Quote from: BillyBobZorton on March 15, 2017, 12:13:59 PM

Sorry but the killer bitcoin app is digital gold. Bitcoin will never be optimal for payments until LN is operative.

Bitcoin (at today's exchange rate) works fine with the type of merchants who accept it anyway: online shops that mail the goods to you. For that, instant confirmations, or even confirmation in the next block just isn't needed, the goods will take a day or more to arrive anyway.

This is just ignorant. The high fees are causing havoc for both merchants and customers. Merchants don't want to send an order unless they know 100% that it is going to confirm. This is causing huge headaches for businesses that accept bitcoin.

Some people feel merchant adoption isn't even importance and that widespread use isn't important...they think Bitcoin can be used as a store of value regardless. See my other thread about that.

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