F2Pool: "Segwit will be a disaster."

Rahar02

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Quote from: BitcoinHodler on April 13, 2017, 08:05:47 AM

Quote from: vlom on April 13, 2017, 07:54:43 AM

Quote from: lurker10 on April 13, 2017, 06:48:33 AM

Quote

Segwit will be a disaster. I am not going to support it on BTC because I am a bitcoin HODLER. Meanwhile, I do not have a single litecoin.

Quote

One major reason why I had to support Segwit on Litecoin it is because I scare DDoS too much.

https://twitter.com/f2pool_wangchun/status/852389706956365824
https://twitter.com/f2pool_wangchun/status/852372824643600384

why does he think that segwit will be a disaster? i did not find an answer in the linked tweets.

a lot of weird thing has been coming out of f2pool_wangchun these days (and probably before but i have not been aware of it) and he doesn't seem to be all serious about the tweets he makes and it is very possible that he is doing it as a manipulation of the prices since it has been effective on litecoin also.
so in short i wouldn't read to much into "why he says what he says"

Just speculation I thought, without any explanation and reason, he threw an issue.
We have to satisfy with current nodesa/algorithm of blockchain without an upgrade.
Besides, segwit or bitcoin unlimited seems too far away to become reality, or maybe impossible.

ImHash

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Disaster? what do you call 4 hours transactions confirming with 132 sats per byte? I think miners are too much full of themselves thinking bitcoin is magic and they'll always have community's support, I'm telling you most of the people are in it for low fees and fast transactions.
You can't come and tell us to go use altcoins if we want lightning networks/ fast confirmations, no we want bitcoin to be fast, people need a reliable payment processing network which is also decentralized.

When people realize currently in this world everything works in competition, if bitcoin fails to offer competitive utility then people will eventually though slowly seek something better.

franky1

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Quote from: stdset on April 15, 2017, 06:20:35 AM

Quote from: Lauda on April 15, 2017, 04:47:15 AM

The top players right now (besides Monero and LTC) are all scam coins (ETH, DASH, Ripple, et. al.). A centralized, banker and corporation funded coin like ETH or a system (backed by the same groups) such as Ripple can easily overthrow the Bitcoin market cap within a week.

I agree. I also thought about it. Even if one of this coins surpasses BTC in marketcap, their fiat (ETH), scam (DASH), centralised trusted (Ripple) nature will become evident sooner or later. Unlike you I also disrespect LTC since it's a copycat.

ripple and dash wont go anywhere

but looking at how the 'merchant tools' and the VC's behind blockstream are also looking at ether and LTC and zcash. you can see they wont give up without a fight.

coinbase for instance can with a click of a button allow their hundreds of thousands of merchants accept LTC and ethereum as a payment method in shops that currently use coinbase merchant tools.

so although these alts are not as good as bitcoin. you can easily see blockstream devs jump over to most probably LTC if segwit gets adopted over there. especially with coblee at the helm of coinbase

stdset

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Quote from: Lauda on April 15, 2017, 04:47:15 AM

The top players right now (besides Monero and LTC) are all scam coins (ETH, DASH, Ripple, et. al.). A centralized, banker and corporation funded coin like ETH or a system (backed by the same groups) such as Ripple can easily overthrow the Bitcoin market cap within a week.

I agree. I also thought about it. Even if one of this coins surpasses BTC in marketcap, their fiat (ETH), scam (DASH), centralised trusted (Ripple) nature will become evident sooner or later. Unlike you I also disrespect LTC since it's a copycat.

franky1

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Quote from: Lauda on April 15, 2017, 04:47:15 AM

(besides Monero and LTC)

lol you have really bit down on the gmax appreciation gang..
you forgot to mention that group also adore zcash..

oh let me also update you gmax and his VC funders love Ethereum too..
i cant wait for you to backtrack to play follow the leader

Lauda

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Terminated.

Quote from: d5000 on April 14, 2017, 01:04:27 PM

Quote from: Lauda on April 14, 2017, 03:42:34 AM

There is no such thing as the "Flippening".

For now, I agree ... but that could change in the distant future. We don't know it. My point was that e.g. if Ethereum (or any other altcoin that F2Pool doesn't support) manages to get 40-50% of BTC's market cap F2Pool could change their opinion and support Segwit to ensure BTC conserves its leadership. (At the moment ETH is on 20% of BTC's marketcap so it looks not completely impossible, although I wouldn't bet on it).

Stop with this doomsday propaganda. There is a possibility in the distant future that an asteroid wipes us all. We don't make decision today just based on this remote possibility. No altcoin comes near to anything what Bitcoin offers. The top players right now (besides Monero and LTC) are all scam coins (ETH, DASH, Ripple, et. al.). A centralized, banker and corporation funded coin like ETH or a system (backed by the same groups) such as Ripple can easily overthrow the Bitcoin market cap within a week.

Moving on:

xhiggy

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Quote from: BillyBobZorton on April 13, 2017, 08:15:00 AM

Quote from: Alex.BTC on April 13, 2017, 07:24:18 AM

Quote from: BillyBobZorton on April 13, 2017, 07:16:42 AM

Those guys can't even write proper english, and they think they have enough understanding of coding and so on to defy the opinion of 100% of experts in the field. Looks like common sense doesn't add up. He is just testing his twitter-influence over price again. Miners are really good for nothing goons.

And you can't even do basic maths.
100% of experts in the field?
SegWit has even less support than BU on the only number that matters, hash rate:
Bitcoin Unlimited blocks: 362 ( 36.2% )
SegWit blocks: 278 ( 27.8% )

In pure tech, here is one expert's opinion on why SegWit is total garbage:
'Segregated Witness is the most radical and irresponsible protocol upgrade Bitcoin has faced in its eight year history':
https://medium.com/the-publius-letters/segregated-witness-a-fork-too-far-87d6e57a4179

13 links on why SegWit is just sub par:
https://medium.com/@SegWit/segwit-resources-6b7432b42b1e

In features, FlexTrans is superior to SegWit in every way.

Segwit, rejected by who? A couple of chinese miners. Literally.

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.

Anti-segwit, pro-BUcoin supporters are now officially fighting against reality. We didn't sign up for JihanCoin.

Looks like he read his marching orders carefully.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: d5000 on April 14, 2017, 01:04:27 PM

Quote from: Lauda on April 14, 2017, 03:42:34 AM

There is no such thing as the "Flippening".

For now, I agree ... but that could change in the distant future. We don't know it. My point was that e.g. if Ethereum (or any other altcoin that F2Pool doesn't support) manages to get 40-50% of BTC's market cap F2Pool could change their opinion and support Segwit to ensure BTC conserves its leadership. (At the moment ETH is on 20% of BTC's marketcap so it looks not completely impossible, although I wouldn't bet on it).

LOL. following Core down the road to hell is the reason BTC is in trouble in the first place. Segwit is dead.

d5000

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Decentralization Maximalist

Quote from: Lauda on April 14, 2017, 03:42:34 AM

There is no such thing as the "Flippening".

For now, I agree ... but that could change in the distant future. We don't know it. My point was that e.g. if Ethereum (or any other altcoin that F2Pool doesn't support) manages to get 40-50% of BTC's market cap F2Pool could change their opinion and support Segwit to ensure BTC conserves its leadership. (At the moment ETH is on 20% of BTC's marketcap so it looks not completely impossible, although I wouldn't bet on it).

gentlemand

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Welt Am Draht

I'm not really inclined to believe a word that comes out of his tweets going by his track record. The longer it drags on the more locked in some type of user inspired fork becomes.

lurker10

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Quote from: Loganota on April 14, 2017, 09:57:34 AM

Quote from: lurker10 on April 13, 2017, 06:48:33 AM

Quote

Segwit will be a disaster. I am not going to support it on BTC because I am a bitcoin HODLER. Meanwhile, I do not have a single litecoin.

Quote

One major reason why I had to support Segwit on Litecoin it is because I scare DDoS too much.

https://twitter.com/f2pool_wangchun/status/852389706956365824
https://twitter.com/f2pool_wangchun/status/852372824643600384

To what extent is Bitcoin decentralized? Too bad Satochi did not predict that miners would take over Bitcoin as it is today. Let's see where it goes.

This is how Proof of work is designed. Users depend on miners who provide network security.

Welcome to Proof of stake if you're tired of this dependence.

cpfreeplz

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Lol luckily these places aren't just run by one person right? So they'll have to all agree on what to do. I thought they supported segwit though??

Loganota

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Quote from: lurker10 on April 13, 2017, 06:48:33 AM

Quote

Segwit will be a disaster. I am not going to support it on BTC because I am a bitcoin HODLER. Meanwhile, I do not have a single litecoin.

Quote

One major reason why I had to support Segwit on Litecoin it is because I scare DDoS too much.

https://twitter.com/f2pool_wangchun/status/852389706956365824
https://twitter.com/f2pool_wangchun/status/852372824643600384

To what extent is Bitcoin decentralized? Too bad Satochi did not predict that miners would take over Bitcoin as it is today. Let's see where it goes.

franky1

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Quote from: mr.mister on April 14, 2017, 09:00:57 AM

Quote from: AngryDwarf on April 14, 2017, 05:49:59 AM

Quote from: mr.mister on April 13, 2017, 10:54:34 PM

Jihan Wu is the only problem Bitcoin is facing. Lets get together, and get off of the antpool and his cloudming at hashnet. He has imbedded so much garbage on his chips, how do we know that he has not inbedded worms, trojans, viruses, and other malicious bugs?

What is it going to do? Infect the stratum server, then the blockchain? Roll Eyes

His equipment works on a network. What if, in very small amounts, he was able to divert your payments to his pockets, covertly, just like he is using a similar technology to AsicBoost?

what you are talking about is schnorr signatures(more precisely mimbleswimbles OWAS).. but guess who really really really wants them as part of bitcoin

mr.mister

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Quote from: AngryDwarf on April 14, 2017, 05:49:59 AM

Quote from: mr.mister on April 13, 2017, 10:54:34 PM

Jihan Wu is the only problem Bitcoin is facing. Lets get together, and get off of the antpool and his cloudming at hashnet. He has imbedded so much garbage on his chips, how do we know that he has not inbedded worms, trojans, viruses, and other malicious bugs?

What is it going to do? Infect the stratum server, then the blockchain? Roll Eyes

His equipment works on a network. What if, in very small amounts, he was able to divert your payments to his pockets, covertly, just like he is using a similar technology to AsicBoost?

AngryDwarf

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Quote from: mr.mister on April 13, 2017, 10:54:34 PM

Jihan Wu is the only problem Bitcoin is facing. Lets get together, and get off of the antpool and his cloudming at hashnet. He has imbedded so much garbage on his chips, how do we know that he has not inbedded worms, trojans, viruses, and other malicious bugs?

What is it going to do? Infect the stratum server, then the blockchain? Roll Eyes

Lauda

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Terminated.

Quote from: Alex.BTC on April 13, 2017, 03:10:30 PM

Quote from: Alex.BTC on April 13, 2017, 07:16:10 AM

Speaking the truth means he'll get DDoSed soon.
Just like BU nodes.

Called it.

https://twitter.com/f2pool_wangchun/status/852480476744896516
4:15 AM - 13 Apr 2017 @f2pool_wangchun: We are under DDoS attack.

If you state that DDoS is your greatest weakness, you can expect to be attacked regardless of what or who you are supporting.

Quote from: d5000 on April 13, 2017, 08:37:10 PM

For me, it looks like F2Pool is trying to win time until another significant move in the blocksize debate happens (UASF, or a possibility of some kind of "Flippening" that puts in danger their business model).

There is no such thing as the "Flippening". That's a term made up by the r/btc sub and their fanatics. It is very clear that they support shady altcoins.

Quote from: mr.mister on April 13, 2017, 10:54:34 PM

Can Jihan Wu be trusted?? The answer is clearly NO!

Correct.

Quote from: jonald_fyookball on April 13, 2017, 11:26:23 PM

feels like the lies are crumbling... we are close to winning.

There is no "we" and there is no "winning". All you can do is fork into the BTU altcoin that may get listed on some exchanges. The positive outcome here is that Segwit would activate on the real BTC chain.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: lurker10 on April 13, 2017, 07:19:37 AM

Quote from: BillyBobZorton on April 13, 2017, 07:16:42 AM

Those guys can't even write proper english, and they think they have enough understanding of coding and so on to defy the opinion of 100% of experts in the field. Looks like common sense doesn't add up. He is just testing his twitter-influence over price again. Miners are really good for nothing goons.

Miners are evil. Except miners who run Core.

feels like the lies are crumbling... we are close to winning.

mr.mister

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Jihan Wu is the only problem Bitcoin is facing. Lets get together, and get off of the antpool and his cloudming at hashnet. He has imbedded so much garbage on his chips, how do we know that he has not inbedded worms, trojans, viruses, and other malicious bugs?

Can Jihan Wu be trusted?? The answer is clearly NO!

pooya87

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to me, the only reason to make such a tweet (very similar to what he did with litecoin) is to manipulate the price. i wouldn't even be surprised to find out there was more to it that we know, such as him being paid by some market makers to cause some volatility this way (same way he did with litecoin).

Topic: F2Pool: "Segwit will be a disaster." (Read 2310 times)