Everything is going to be ok. - page 4.

unamis76

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Quote from: shinratensei_ on March 09, 2017, 07:50:22 PM

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner. Shocked

Both look the same, but are they the same? And how factual is that? How is that compared to a few years back? That was the end goal of my post, make readers think.

Too early to tell who will win when most seem to want nothing and 2 groups seem to not want what the "other group" wants.

bamboylee

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That is what I keep telling myself, everything is going to be okay. But, I also know that if scaling is not resolved soon, it will be a downward spiral soon. Miners are the only one enjoying the high fees and long confirmation time not the ordinary users.

shinratensei_

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Just less than a percent to BU for passing the SegWit.

https://coin.dance/blocks

Quote from: unamis76 on March 09, 2017, 07:41:16 PM

Quote from: FiendCoin on March 09, 2017, 07:40:41 PM

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

So, Bu/SegWit = Few Chinese controlling the majority of hash. Both look same. And whatever who will be the winner the result will be same. It seems like BU will be the winner. Shocked

cpfreeplz

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Quote from: Hexadecibel on March 09, 2017, 06:39:40 PM

Quote from: eule on March 09, 2017, 06:34:20 PM

I don't know, all this infighting lately surely seems weird to outsiders. Also the slow transaction-/high fee-problem must be addressed asap.

Otherwise things are looking great. Tongue

Yes, I'm sure it is weird to newbs. The "Core" developers do not own Bitcoin. They have been blocking attempts to address scaling while trying to implement a half-baked solution that directly benefits themselves and cripples Bitcoin. What you are seeing is the market rejection of Bitcoin Core.

This. If it only benefits a few then it's never going to take off. That's the whole point of consensus. In the long run we'll be fine, but I'd like a permanent solution to the whole block size situation that's been going on for ... years?

Vhern

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It's looking better than the being of this week and since the weekend is upon us then it should be all okay.
No matter what outcome tomorrow will bring us all in this community. Wink

unamis76

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Quote from: MintCondition on March 09, 2017, 07:34:19 PM

Hoping that It gets well again ,though the value of bitcoin now is not that bad at all, though there are some issues and failures in transactions in still satisfied on what I'm getting and earning in bitcoin. Hoping that it will goes upward and more developments in bitcoin.

The exchange value of Bitcoin and whatever all of us combined are earning and/or profiting somehow with Bitcoin is a really, really tiny drop in the ocean compared to the scaling issue. If we don't scale today, we don't "earn" tomorrow (and I mean this in multiple ways, and profiting is what least concerns me).

Quote from: FiendCoin on March 09, 2017, 07:40:41 PM

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

So according to Bitcointalk and other discussion boards, "Core=Few Chinese controlling majority of hash" and "BU=Few Chinese controlling majority of hash".

Time to have a "break it down" post regarding this like some posts we had regarding Core/SegWit and other ideas/implementations?

FiendCoin

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The devil is in the detail.

Quote from: Hexadecibel on March 09, 2017, 07:01:04 PM

BU = Nakamoto's Consensus

As described in Satoshi's white paper.

BU = Few Chinese controlling majority of hash

Can't believe anyone would be ok with that.

If that is what Satoshi wanted, guess he wasn't the genius I though he was. Too bad he's not around anymore.

MintCondition

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Quote from: serjent05 on March 09, 2017, 07:16:24 PM

Quote from: Hexadecibel on March 09, 2017, 06:31:44 PM

Quote from: FiendCoin on March 09, 2017, 04:21:16 PM

Quote from: Hexadecibel on March 09, 2017, 03:24:46 PM

Things are looking up in my opinion.

I thought they were as well until I realized that China was trying to take control of Bitcoin and many western BU supporters don't seem to understand it or maybe they don't care to because they only see a Core conspiracy.

Odd, I thought the only thing China was doing was supporting superior software.

People are finding someone to blame if ever Bitcoin failed to meet its goal. And they see Chinese seems fit as escape goat LOL. However, there will be lots of blaming like these when things get tough.

Quote from: unamis76 on March 09, 2017, 07:09:58 PM

I agree with the title of thread but not with what the first post says... The chain isn't stopped so it can always get worse Tongue

Jokes aside, we are indeed reaching a new low, so it can only go up from here, I guess...

So tell me what is this new low? I am kinda intrigue wth this and yes I agree that after the new low, the next move is the new high Cheesy

. When caught at the bottom there is always a two direction to go. It is either to go horizontal or go upward Cheesy

Hoping that It gets well again ,though the value of bitcoin now is not that bad at all, though there are some issues and failures in transactions in still satisfied on what I'm getting and earning in bitcoin. Hoping that it will goes upward and more developments in bitcoin.

unamis76

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Quote from: serjent05 on March 09, 2017, 07:16:24 PM

So tell me what is this new low? I am kinda intrigue wth this and yes I agree that after the new low, the next move is the new high Cheesy

. When caught at the bottom there is always a two direction to go. It is either to go horizontal or go upward Cheesy

I think it's pretty obvious that the low is the fact that we've been discussing scaling for ages, the discussion's tone has risen up once again for the 2nd or 3rd time and we're almost as close to a solution as we were when we started (unfortunately due to many people's stubbornness, from both sides)

serjent05

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Quote from: Hexadecibel on March 09, 2017, 06:31:44 PM

Quote from: FiendCoin on March 09, 2017, 04:21:16 PM

Quote from: Hexadecibel on March 09, 2017, 03:24:46 PM

Things are looking up in my opinion.

I thought they were as well until I realized that China was trying to take control of Bitcoin and many western BU supporters don't seem to understand it or maybe they don't care to because they only see a Core conspiracy.

Odd, I thought the only thing China was doing was supporting superior software.

People are finding someone to blame if ever Bitcoin failed to meet its goal. And they see Chinese seems fit as escape goat LOL. However, there will be lots of blaming like these when things get tough.

Quote from: unamis76 on March 09, 2017, 07:09:58 PM

I agree with the title of thread but not with what the first post says... The chain isn't stopped so it can always get worse Tongue

Jokes aside, we are indeed reaching a new low, so it can only go up from here, I guess...

So tell me what is this new low? I am kinda intrigue wth this and yes I agree that after the new low, the next move is the new high Cheesy

. When caught at the bottom there is always a two direction to go. It is either to go horizontal or go upward Cheesy

unamis76

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I agree with the title of thread but not with what the first post says... The chain isn't stopped so it can always get worse Tongue

Jokes aside, we are indeed reaching a new low, so it can only go up from here, I guess...

Hexadecibel

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I still <3 u Satoshi

Quote from: ImHash on March 09, 2017, 07:06:11 PM

I don't see any where people "rejecting" bitcoin core, all I see is the majority of nodes and miners supporting and running their software.

I'm rejecting Bitcoin Core. So there's one.

Most miners are not supporting SegWit, but Bitcoin Unlimited. You'll be seeing more of that.

ImHash

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I don't see any where people "rejecting" bitcoin core, all I see is the majority of nodes and miners supporting and running their software.

Hexadecibel

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I still <3 u Satoshi

BU = Nakamoto's Consensus

As described in Satoshi's white paper.

Slark

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Quote from: FiendCoin on March 09, 2017, 04:21:16 PM

Quote from: Hexadecibel on March 09, 2017, 03:24:46 PM

Things are looking up in my opinion.

I thought they were as well until I realized that China was trying to take control of Bitcoin and many western BU supporters don't seem to understand it or maybe they don't care to because they only see a Core conspiracy.

So at this point we have a 'core conspiracy', Blockstream backdoor theory, Chinese hostile takeover via BU and maybe half dozen other conspiracy theories.
Where is that one scaling option which is not linked to anything scary? I realized that upgrading bitcoin is a choice between to evils and there is no good way.
Bitcoin Unlimited = Chinese dictatorship, SegWit = Blockstram influence. Maybe it is time for another solution?

Hexadecibel

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I still <3 u Satoshi

Quote from: eule on March 09, 2017, 06:34:20 PM

I don't know, all this infighting lately surely seems weird to outsiders. Also the slow transaction-/high fee-problem must be addressed asap.

Otherwise things are looking great. Tongue

Yes, I'm sure it is weird to newbs. The "Core" developers do not own Bitcoin. They have been blocking attempts to address scaling while trying to implement a half-baked solution that directly benefits themselves and cripples Bitcoin. What you are seeing is the market rejection of Bitcoin Core.

eule

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I don't know, all this infighting lately surely seems weird to outsiders. Also the slow transaction-/high fee-problem must be addressed asap.

Otherwise things are looking great. Tongue

Hexadecibel

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I still <3 u Satoshi

Quote from: FiendCoin on March 09, 2017, 04:21:16 PM

Quote from: Hexadecibel on March 09, 2017, 03:24:46 PM

Things are looking up in my opinion.

I thought they were as well until I realized that China was trying to take control of Bitcoin and many western BU supporters don't seem to understand it or maybe they don't care to because they only see a Core conspiracy.

Odd, I thought the only thing China was doing was supporting superior software.

Iranus

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True but there might still be a long way ahead before the price and Bitcoin's adoption starts properly soaring. Either BU or SegWit needs to be implemented or Bitcoin's use as a currency will suffer. The ETF needs to be approved and, for this forum, the new forum needs to be implemented. Then, there's no telling how far Bitcoin could go, especially with near-instant transactions and the fact that it deflates by nature.

FiendCoin

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The devil is in the detail.

Quote from: Hexadecibel on March 09, 2017, 03:24:46 PM

Things are looking up in my opinion.

I thought they were as well until I realized that China was trying to take control of Bitcoin and many western BU supporters don't seem to understand it or maybe they don't care to because they only see a Core conspiracy.

Topic: Everything is going to be ok. - page 4. (Read 3162 times)