Topic: Chinese Miners Revolt, Announces Plan to Hard Fork to Classic - page 3. (Read 6911 times)

Again, another mistake. 'Core' as a group is hard to represent, and does not have anything to do with this. The people who signed the agreement are the ones who are going to lose their reputation/respect if they fail to deliver a HF proposal.

As far as scalability is concerned, it almost does nothing to improve it. Moving from a 1 MB block size limit to a 2 MB block size limit would increase the average throughput from 3 TPS to 6 TPS. That's about it. Segwit does so much more and will deliver only slightly less throughput (on average) once adopted.

Can someone with more brains than I have explain how an extra 1MB/10MB/20MB would make a lick of difference re: scaling?

HaoBTC is signaling their displeasure, again, with the way the HK agreement is being unceremoniously turned to confetti.

HaoBTC and BTCC were the main pools to convince the others to attend, and reluctantly sign on to the HK agreement. Thus, they are the ones that look the most like fools for falling prey to this ruse.

Making agreements, shaking hands, smiling, having the agreement met with great fanfare from the press and the wider Bitcoin community... To toss the agreement into the garbage now, several months later, is about the biggest insult possible to eastern business sensibilities, where one's word and honorable dealings are very important.

This is turning out to be a poker game, with Core acting like they've got a royal flush, let's see if they get called.



https://twitter.com/HaoBTC
https://www.cryptocoinsnews.com/bitcoin-miners-hardfork-according-circulating-rumors/

 

The link I provided is the source. Due to somehow people think that the proposal is going to get implemented for  no reason other then it was proposed. The founder of bitmain tweeted a response to the 8btc (the chinese forum for bitcoin) thread.

no thats crapmedia i said the real source.. IE if its talking about pools colluding then it has to be a document from the pools

exactly.. its not any news about what pools will do. just some outsider making fake news trying to circle jerk it until he hopes it will come true

so im guessing no pool has invented this "terminator" pool. and thus this whole topic is meaningless

here is the link to the original thread proposing that the Chinese miners, except one pool start to support classic by mining classic blocks. The referenced thread proposed that once classic support plus the Chinese pool that is not mining classic blocks reaches 90% that the last chinese pool start to mine classic blocks, activating classic.

It appears that the OP of that thread has merely proposed this plan, but none of the Chinese miner have actually agreed to this plan (at least not publicly) and none of the Chinese miners appear to be actually implementing this plan at this time. The plan appears to be not unlike a BIP being proposed (I think anyone can write/submit a BIP proposal) in a sense that the idea has been proposed and is currently being discussed.

The Chinese miners that have responded to this proposal in english appear to "like" this proposal and have spoken positively about it, however have explicitly said that they have not agreed to this plan and that they are not aware that any of the other Chinese miners agreeing to the plan (yet). All of the Chinese miners that have responded to this proposal have also jabbed at the moderation policy of bitcointalk and r/bitcoin by saying that the chinese forums allow for discussion of scaling proposals without censorship. (I don't think the moderation policy amounts to "censorship" although I do think that the moderation policy of both is harmful to the development of Bitcoin -- some people do however feel that the moderation policy of both bitcointalk and r/bitcoin does amount to censhorship in that any scaling proposal that ultimately goes against the wishes of the core devs would be considered an altcoin -- or more specifically the implementation of such proposal without the blessing of the core devs)

Of course unregulated markets are manipulated, that's why anti-monopoly laws (i.e. intrusive government regulations interfering with free market) were created by adults NannyState in the first place.

The whole point of Bitcoin is to make it impossible for jackbooted statist thugs to interfere with the divine workings of teh Invisible Hand via threats of violence.
Bitcoin is working exactly as it was meant to, which is to say becoming a plaything of the rich expressing the will of the Economic Majority

The big story about a mobile (or cell if you prefer) phone creating an explosive event at a gas/petrol station originated from Indonesia but no actual evidence of any such event was ever found (just circle-jerk reports).

Just like stories about the Aussie con-man being Satoshi the media just fed of its own bullshit and now in every single petrol station in Australia there is a sticker with a mobile phone surrounded by a circle with a slash (i.e. just like a no smoking sign).

Mythbusters put the bullshit idea that a mobile phone could cause such an event to the test and unless you throw the thing hard enough to create a spark then that is simply not possible (and even then almost impossible if your phone has a plastic casing or covering).

Yet - still in every single petrol station in Australia they have that same sticker (ten years after been exposed as complete rubbish).

So this FUD won't stop and the people "raising the flags" will keep on doing so no matter what is actually real or not.

what documents do you need? do you think that you are talking with real corporations? it's mutual agreement between chinesses.

money dictates the way    it's so simple.

kind of funny..

reddit post a bit of rumour.. linking crapmedia.. where crap media have no source
then 2 days later reddit again enforce the rumour with another crapmedia site that guess what, turns out to be quoting the first reddit..
(known as cirle jerking)

anyway.
here is the initial presumed "spark" that started the rumour was (supposedly) http://archive.is/DoJj7 but no where did it mention "terminator pool"
but everyone on reddit is now talking about it like it is some terminator plan.

anyone have a copy of any actual document wrote by any actual mining pool that is talking about the terminator plan??
even the tweets from the pools are not saying they planned anything.

so any real source?? or just circle jerking

cartels(biz gang) means monopoly and price manipulation. this is what is happening. all the BTC trades are manipulated. if you are good with this then it's without ...words

"Gang" is such a loaded word. The miners are free to cooperate with each other and with exchange owners. No racketeering laws in Bitcoin, that's outmoded statist thinking.
If cooperation serves the miner's rational self-interest (maximizes their monetary profit$), that's what they should do.

the miners and the big exchangers are forming a gang. so, BTC belongs to them. The shit nodes are not an issue. You can set up thousands in matter of days

conclusion: the miners + exchanger's gang will do whatever they want. the most of the BTC users will follow them like amenable sheep

And economics & game theory kicks in again.
Make your bets now!

Huh, looks like it's still happening.
Bitcoin Miners to Hardfork According to Circulating Rumors

Would set a horrible precedent.
Next Lauda'll get all pouty and start demanding I take him at his word.

Like, what, my word wasn't good enough for you?

^BitcoinNewsMagazine, thanks.

We all make mistakes.

https://www.reddit.com/r/btc/comments/4qmb33/does_jihan_wu_indirectly_confirm_corexit/

So what then?
Is Bitcoin becoming a big fat large corporations where who has a big stash commands and who does not is not even heard?

I supposed bitcoin was different.