Even more proof that market wants segwit - page 2.

Sanugarid

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Quote from: thejaytiesto on April 09, 2017, 08:02:53 AM

https://twitter.com/shaolinfry/status/850995104240336896

A single truth a rumor of Jihan using his power to crush segwit is already crashing the market hard, just like everytime he makes an statement about blocking segwit in BTC and so on.

Im sick of this bullshit, we need to get rid of this idiot. UASF segwit or whatever I don't give a fuck, im sick of a single guy with a ton of mining power crashing markets at will and make millions shorting while doing nothing. This is fucking NUTS.

Since we know the ASICBoost existence, the bitcoin price remains around $1200. Why do you say the market is crashing hard?

AngryDwarf

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OP links to a cry baby who submitted the BIP's for UASF and flag day activation. Wipe away the tears and work towards a solution that will get consensus.
And on a PoW coin, that requires miner consensus. There are plenty of PoS coins out there if you think they are a better coin. Then it is big whale holder consensus. They can block any solution they do not like as well.

franky1

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Quote from: orsotheysaid on April 09, 2017, 10:15:21 AM

it's a rumor,

are you ignoring this

temporary price drama is meaningless..
PoW nuking based on temporary price speculation and rumour...illogical

alani123

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I don't think that markets are crashing because of the non adoption of segwit. The thing is, bitcoin's speculative market would likely benefit gelreatly if consensus was finally reached. So far though, in spite of the lack of agreement among parties with influence, the price reached ATH levels. This is indicative that speculators don't really care.

orsotheysaid

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Quote from: franky1 on April 09, 2017, 10:08:23 AM

Quote from: thejaytiesto on April 09, 2017, 10:02:08 AM

blah

random shaolin tweet of speculation and no proof.
temporary price drama

thejaytiesto and the usual blockstream party now wants to bomb china..

so why do you keep ignoring this:

https://twitter.com/SatoshiLite/status/850080167791702016

and the fact that segwit lossing support rumors cause price crashes? who cares if it's a rumor, the point stands.

BillyBobZorton

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Quote from: FlamingFingers on April 09, 2017, 09:56:18 AM

Rejecting Bitcoin Unlimited doesn't necessarily mean accepting Segregated Witness. I know Jihan and Wung are dickheads, but the market doesn't need SegWit, it needs a solution for the scaling problem, and SegWit has its flaws as well – it's not the perfect solution.

It generally does. Even the ones that want bigger blocks, generally reject BU-coin. Let's look at the data shall we:

Rejected by who? A couple of chinese miners.

The rest are in with segwit:

The market has spoken. Segwit goes up = price goes up.

https://s12.postimg.org/4qtf02fij/segwitup2.png

Economic majority has spoken: All experts and relevant actors in the field are pro-segwit and anti-BU:

https://pbs.twimg.com/media/C8HwIp7VwAEGPBb.jpg

https://medium.com/@21/using-21-to-survey-blockchain-personalities-on-the-bitcoin-hard-fork-1953c9bcb8ed

Node majority has spoken: Segwit support overwhelms Buggy Unlimited.

https://s1.postimg.org/qc16wc7qn/nodes1.png

Not that I follow satoshi's word's as if he was Jesus Christ himself, but even he warned us about the dangers of BUcoin:

https://s12.postimg.org/4cazmc05p/satoshi_Bu.png

Unfortunately, the entire ecosystem keeps getting blocked by the chinese mining cartel.

I was hoping LTC would show the benefits of segwit in action, but of course, Jihan is scared that this happens, so he will stop it in LTC too, since it was getting too much attention and it's basically a BTC clone so it would be a valid experiment (that's why he didn't bother with some other obscure coins that actually got segwit but no one cares)

franky1

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Quote from: thejaytiesto on April 09, 2017, 10:02:08 AM

blah

random shaolin tweet of speculation and no proof.
temporary price drama

thejaytiesto and the usual blockstream party now wants to bomb china..

thejaytiesto

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Quote from: Carlton Banks on April 09, 2017, 09:02:00 AM

Quote from: cellard on April 09, 2017, 08:22:31 AM

We need to fire those miners with UASF.

We need to fire the miners by changing the proof of work. They've got too much power, and this behaviour (amongst so much other poor faith behaviour) only demonstrates it further. PoW should be changed before these miners escalate their malign and selfish behaviour, if we wait until they do it, the results will be far more catastrophic.

I hate to sound alarmist, but it wants to happen yesterday. BU can still hard-fork away from Bitcoin by the rogue miners anyway, regardless what the users want. And I've outlined before, they could screw things up really, really badly if they attack without mercy or shame. Who wants to risk that? Not me

Even if you change PoW, what stops new monopolies to be formed? Look at LTC. There's a scrypt monopoly already. Change it to anything you want and you will get chinked again because chinese miners have free electricity and cheaper labour force coupled with sponsored PBOC money. PoW cannot be saved as it stands, changes need to be made, all PoW will always lead to the current situation. I had an idea of randomly changing PoW algo or something like that, SOMETHING must be done to avoid coins getting chinked or else you might as well dump and have nuke backed dollars. What's the point if both are centralized anyway.

franky1

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lol still laughing

2 year old hardware
and everyone screaming "PoW designed to attack segwit"

logic shows 6month old software and 1 month old flaw found = software not as 'soft' compatible as first thought.

time now to just do a proper node CONSENSUS and get the other features in during the opportunity.. for a 1merkle segwit+dynamics and lowered maxtxsigops limit and other efficiencies (in short: do it properly!!)

otherwise all we are doing is just wasting another year where by blockstream wont take no for an answer and will just delay crap until late 2018 just to ONLY GET flawed 2merkle segwit in(flawed version needing a tier network)

http://www.uasf.co/

Quote

Can BIP148 be cancelled?
Yes. In the event that the economic majority does not support BIP148, users should remove software that enforces BIP148. A flag day activation for SegWit would be the next logical steps and require coordination of the community, most likely towards the end of 2018.

thejaytiesto

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Quote from: alyssa85 on April 09, 2017, 09:15:41 AM

If the market genuinely wants segwit, we should see a migration to litecoin when segwit becomes activated there.

I predict no migration at all, because users arn't really crying out for it.

What do you mean users aren't really crying for it? do you measure it in the number of tears? Don't you see how the market is insta dumping at mere rumors of miners stopping segwit? If Jihan confirms it the price of LTC will tank back to 1 USD you dumbass.

Quote from: franky1 on April 09, 2017, 09:23:55 AM

lol OP's proof
.. a tweet starting "i heard"...

Are you this dense? Don't you see how the confirmation would make it even worse? Stupid fuck.

https://twitter.com/f2pool_wangchun/status/850053367988592642
This caused a massive price crash too, and it recovered when it cleared that he was not stopping segwit support:

https://twitter.com/SatoshiLite/status/850080167791702016

Pretty much instant reaction of the market: positive segwit news = price up. Negative segwit news = price down. Why are we still arguing this FACT? don't bother replying because im not wasting time with you again.

FlamingFingers

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Rejecting Bitcoin Unlimited doesn't necessarily mean accepting Segregated Witness. I know Jihan and Wung are dickheads, but the market doesn't need SegWit, it needs a solution for the scaling problem, and SegWit has its flaws as well – it's not the perfect solution.

Carlton Banks

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Quote from: alyssa85 on April 09, 2017, 09:15:41 AM

If the market genuinely wants segwit, we should see a migration to litecoin when segwit becomes activated there.

I predict no migration at all, because users arn't really crying out for it.

Even if you were right amanda85, you do realise that people exist that may not have decided, yet? And, heaven forefend, they can even *gasp* change their mind? Y'know, a "free" market?

The market isn't frozen in suspended animation for all time, individual people make decisions, which can include making no decision at all, as well as changing from one preference to another. If that's OK with you, that is? We wouldn't want to offend your own personal definition of what "free market" means, now would we?

And your premise is wrong anyway. If people didn't choose Segwit, why did they choose Bitcoin 0.13.1 in such large numbers, so quickly? That was a far better test than your Litecoin proxy, as 13.1 was the Segwit changes only, and 13.1 was actually Bitcoin, Litecoin is something different to Bitcoin. That's why they've got different software, different networks (and different names, lol)

manselr

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Quote from: Carlton Banks on April 09, 2017, 09:02:00 AM

Quote from: cellard on April 09, 2017, 08:22:31 AM

We need to fire those miners with UASF.

We need to fire the miners by changing the proof of work. They've got too much power, and this behaviour (amongst so much other poor faith behaviour) only demonstrates it further. PoW should be changed before these miners escalate their malign and selfish behaviour, if we wait until they do it, the results will be far more catastrophic.

I hate to sound alarmist, but it wants to happen yesterday. BU can still hard-fork away from Bitcoin by the rogue miners anyway, regardless what the users want. And I've outlined before, they could screw things up really, really badly if they attack without mercy or shame. Who wants to risk that? Not me

It's very obvious the problem of PoW is a very serious one. Bitmain is yet to launch new huge facilities that will make Jihan even stronger. He will keep stacking more and more and more hashrate power. Time to dump since I didn't I didn't sign up for JihanCoin.

Quote from: franky1 on April 09, 2017, 09:23:55 AM

lol OP's proof
.. a tweet starting "i heard"...

hmm wheres the salt

asics have been around for 2 years
asic boost as been around for 2 years

segwit code 6 months
gmax found flaw in segwit codes incompatibility 1 month

drama today is not caused by actions of asics. but speculation.

asic manufacturers did not make a time machine to make a segwit nuke
segwit just wasnt made 'soft enough' to not cause issues.
and gmax just a month ago found an issue where segwit is noft soft enough to work with 2year old hardware and efficiency technique.

solution
fix segwit to be even softer.
or
fix segwit to actually be implemented as a proper node CONSENSUS along with other community required features(dynamics, lowered max txsigops), thus only need 1merkle and get other needed features in. and finally get the community what it wants

stupid part is even with lots of pools abstaining objecting(70%) the fingers are being pointed at 16% and even blaming temporary price drama on that pool even when the pool has not done anything different for the last 2 years

Jihan controls way more than 16% lol. He controls tons of anonymous pools. Also he can put pressure into buyers to signal what he wants or else. Also he will eventually have 51%+ of the network at this rate, he is expanding quickly and it's unstoppable. He controls production, he gets sponsored by China for sure, he gets free electricity. Classic monopoly formation, it's too late, PoW cannot be saved.

franky1

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lol OP's proof
.. a tweet starting "i heard"...

hmm wheres the salt

asics have been around for 2 years
asic boost as been around for 2 years

segwit code 6 months
gmax found flaw in segwit codes incompatibility 1 month

drama today is not caused by actions of asics. but speculation.

asic manufacturers did not make a time machine to make a segwit nuke
segwit just wasnt made 'soft enough' to not cause issues.
and gmax just a month ago found an issue where segwit is noft soft enough to work with 2year old hardware and efficiency technique.

solution
fix segwit to be even softer.
or
fix segwit to actually be implemented as a proper node CONSENSUS along with other community required features(dynamics, lowered max txsigops), thus only need 1merkle and get other needed features in. and finally get the community what it wants

stupid part is even with lots of pools abstaining objecting(70%) the fingers are being pointed at 16% and even blaming temporary price drama on that pool even when the pool has not done anything different for the last 2 years

alyssa85

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If the market genuinely wants segwit, we should see a migration to litecoin when segwit becomes activated there.

I predict no migration at all, because users arn't really crying out for it.

Carlton Banks

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Quote from: cellard on April 09, 2017, 08:22:31 AM

We need to fire those miners with UASF.

We need to fire the miners by changing the proof of work. They've got too much power, and this behaviour (amongst so much other poor faith behaviour) only demonstrates it further. PoW should be changed before these miners escalate their malign and selfish behaviour, if we wait until they do it, the results will be far more catastrophic.

I hate to sound alarmist, but it wants to happen yesterday. BU can still hard-fork away from Bitcoin by the rogue miners anyway, regardless what the users want. And I've outlined before, they could screw things up really, really badly if they attack without mercy or shame. Who wants to risk that? Not me

Clement Kaliyar

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Quote from: thejaytiesto on April 09, 2017, 08:02:53 AM

A single truth a rumor of Jihan using his power to crush segwit is already crashing the market hard, just like everytime he makes an statement about blocking segwit in BTC and so on.
Im sick of this bullshit, we need to get rid of this idiot. UASF segwit or whatever I don't give a fuck, im sick of a single guy with a ton of mining power crashing markets at will and make millions shorting while doing nothing. This is fucking NUTS.

This is the flaw that satoshi never imagined would happen in the beginning as he might not have figured that ASIC mining will make bitcoin more centralized than the model he envisioned ,with people fighting to take over bitcoin and squeeze the maximum benefit out of it i am seeing more solutions being thrown each and every day and i am not sure which one will be the best suited to overcome the current issue without compromising the decentralized nature and if you are giving more control and power to the miners it will cause serious issue at a later stage without a doubt when the block rewards gets reduced .

aarturka

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Quote from: jonald_fyookball on April 09, 2017, 08:30:29 AM

I'm pretty sure a UASF will cause a network split just the same as a hard fork if the miners don't have consensus.

Don't you think you are in the wrong time? Folks are very frustraited with money loss, the last thing they wanna hear some shit from BTU clown Sad

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

I'm pretty sure a UASF will cause a network split just the same as a hard fork if the miners don't have consensus.

cellard

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Quote from: jonald_fyookball on April 09, 2017, 08:06:55 AM

If the market really wants segwit, then it'll get it.

There's no need to try to 'prove' anything.

Yep it will get it via UASF, because 1cpu=1vote is possible with UASF. The market can't do nothing in the monopolized centralized rigged mining world. The price can't depend on 2 guys tweeting things otherwise the entire thing is dead.

Quote from: jonald_fyookball on April 09, 2017, 08:20:55 AM

Quote from: Xester on April 09, 2017, 08:19:09 AM

Quote from: thejaytiesto on April 09, 2017, 08:02:53 AM

https://twitter.com/shaolinfry/status/850995104240336896

A single truth a rumor of Jihan using his power to crush segwit is already crashing the market hard, just like everytime he makes an statement about blocking segwit in BTC and so on.

Im sick of this bullshit, we need to get rid of this idiot. UASF segwit or whatever I don't give a fuck, im sick of a single guy with a ton of mining power crashing markets at will and make millions shorting while doing nothing. This is fucking NUTS.

I dont really care as to who will have the advantage over btc be it be the BTU or segwit by the core developers. But the biggest concern that has to be stopped are the senseless statements coming from powerful people in the bitcoin industry that can lead to panic among the bitcoin holders. As such it is so unprofessional of Jihan to make negative statements such as that since even if he isnt doing something his words are causing big trouble for the investors.

Jihan didn't make any negative statement..this is pure rumor and FUD from Shaolin Fry.

Doesn't matter. The point is, it shows the power of Jihan's ASIC's and also Wang from f2pool did the same thing himself a couple days ago:

This https://twitter.com/shaolinfry/status/850995104240336896

This single tweet crashed the market, he shorted, made a lot of millions, then he said "whoops not stopping signaling".

He even trolls with this:

https://twitter.com/f2pool_wangchun/status/850070006830292992

This is intolerable. Billions of dollars in crypto depend on those guys and they take it as a stupid game, they launch rumors, they short, they make people broke, and they block progress too. Anyone defending this insanity is getting paid of braindead. We need to fire those miners with UASF. I can't consider having money in crypto worth it anymore when the value can change so much with single tweets. Stupid.

Topic: Even more proof that market wants segwit - page 2. (Read 2002 times)