Topic: Consensus Reached - page 5. (Read 5225 times)

Obviously you are not someone who is familiar with the underlying technology nor the development process. Unless you understand the complexity of the system, you need not complain about "delaying". Segwit is coming as planned and the HF grace period was expected.

i get your point, im not too familiar with it but does it really have to be delayed by that long? it has been delayed a couple of times now and im pretty sure that now there is a huge potential that it will not happen or that something else will interrupt this from happening

Obviously you are not someone who is familiar with the underlying technology nor the development process. Unless you understand the complexity of the system, you need not complain about "delaying".

all i see is a PR release designed to try to keep the market calm as the whales try to pump the price on the back of the halving expectations of the hopeful. Psychological operations.

boy are poeple gonna be fucking pissed off if this turn out to be the case.

im kinda pissed off already, they said that they have reached "consensus" but all the things were just delayed once again, the problems were neither solved nor became anywhere closer to be solved

boy are poeple gonna be fucking pissed off if this turn out to be the case.

Funny on the picture in OP is that there are only guys. No women at all. I guess some female ideas would be a good step forward.

all i see is a PR release designed to try to keep the market calm as the whales try to pump the price on the back of the halving expectations of the hopeful. Psychological operations.

nothing new has been reached, they decided to increase the block size only after year, so thats just speculation once again, im a bit disappointed right now by the whole meeting thing as it was kinda pointless

this is not a 100% sure right? or is it official?

I'm copying/pasting this comment from r/bitcoin, because I believe it is truthful and relevant.
-snipped nonsense-

This is the loophole. If core blockstream proposes a HF that includes controversial changes along with an increase in the maximum block size then such HF will not get adopted.

Do you have any actual information that is not public or are you just speculating?

I'd love to hear your reasoning. But it seemed to me he made some good points. I could be wrong. I just don't want to see bitcoin taken over by special interest groups.

Because they might want to address other issues while the opportunity is here? You will see why soon enough though.

You will see why soon enough though.

The CEO of a VC-backed private corporation, and a handful of Chinese miners, just unilaterally decided the future of Bitcoin. And they have the gall to call it consensus.

This is bad, really bad.

Editing this comment to respond in one place to the army of throwaway accounts jumping down my throat:

What would consensus look like? In my view there are five main groups that would need to agree on changes to Bitcoin to achieve consensus: The developers (the code), the miners (the hashpower), the nodes (the network), the exchanges and payment processors (the economic majority), and of course the users (Bitcoin early adopters). The users don't really steer the ship, they just vote by deciding to use/hold Bitcoin, and they'll vote by buying alt-coins if they don't agree with the direction the other four take.

At this meeting there are only representatives of two of those groups; the code and the hashpower. Missing from the developers are extremely important people like Gavin Andresen (Bitcoin's chief scientist), and Jeff Garzik. Missing from the hashpower is the single biggest pool Antpool and other pools like Slush, who have decided a hard fork to 2 MB needs to happen urgently, not years from now.

Calling this tiny meeting consensus? Laughable.

As to VC-backed Blockstream taking control of the Bitcoin protocol, they have a fiduciary duty to create a return for their investors. Their business plan is to profit from protocols built on top of Bitcoin, protocols that benefit from a crippled Bitcoin layer usable only for settlement. All their actions so far show they have a laser-like focus on enabling features in Bitcoin that will benefit the Lightning Network, while restricting the throughput of the Bitcoin network as much as possible until their product is ready to sell.

This will backfire, the users and the economic majority will move to a network that functions correctly.