Topic: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell - page 13. (Read 46265 times)

I'm not a BU loyalist.  I'll support any implementation that allows big blocks and on chain scaling.

and no, segwit isn't meaningful onchain scaling in my view.

The economic majority wins. Those who are buying LTC now are doing so because they want SegWit to be activated. Jihan Wu of Bitmain who is blocking SegWit on both LTC and BTC, created the new more efficient Scrypt miners, so I didn't realize this before. They could monopolize these in theory. So this fight might not be as easy as I thought. But the economic majority should win, unless it lacks resolve and/or patience. Already people are arbitraging and finding ways to rent hashrate in order to earn money and support SegWit. If you think the price is going up, you try to lock in a rental price that doesn't increase as the price rises, so you can profit. Others may be buying A4s if they want to maximize profits and believe the price will remain high (and going higher).

Jihan Wu needs to get his ass kicked economically so both Bitcoin and Litecoin can move forward.

It is most likely that BU is a diversionary lie. These miners simply want to gouge high fees on Bitcoin and block any alternatives. They were never going to fork with BU. It was a lie to prevent everyone from joining together to kick Jihan's ass.

If my health will improve or stabilize, my plan is to launch a Bitcoin Killer which doesn't require PoW (the design is already completed). I want to bankrupt all these miners. Their vested interests are a pain in the ass. We need to kick all their arses out into the street and turn their ASICs into door stops. I am talking long-term plan.

Those who are buying ASICs now, my plans are a year or more away from reaching any relevancy or size, so fear not. Buy A4s and profit.

Both you guys are obstructionist wolves in sheepskin. You pretend you want to make progress but you are intentionally stalling. Any one with a brain stem can see right through your deceit.

ProHashing is not signaling SegWit thus they are an obstructionist. Their words are meaningless. In a meritocracy only actions count.

"Talk is cheap, show me the code", wrote Linus Torvalds

Also it is quite clear that BU never intended to fork Bitcoin with that Buggy Unlimited piece-of-shit, because they know damn well the economics of Bitcoin are that the whales can and will destroy any miners who attempt to fork Bitcoin. I explained this in great detail on BCT.

BU is a lie and diversionary tactic in order to fool everyone. The real goal of Jihan Wu is to gouge maximize transaction fees from Bitcoin and block any alternatives for scaling. These obstructionists are block progress on both Bitcoin and Litecoin, because Bitcoin depends on Litecoin to add off chain scaling, because the whales of Bitcoin will never allow SegWit on Bitcon. Period. ProHashing by their actions is complicit. Words are meaningless.

Look at your conflicting statements:




Stalling. Deceit. An obstructionist wolf in sheepskin.


Miners should leave such an incompetent company.

Whining in a forum about not being able to do your accounting at the same time you do your technical work.

Of course it is quite clear you are just lying and deceitful.

You guys ruined it all.  Bitcoin is now fucked and getting more fucked everyday.  I think the end in near.

Incorrect. Most of the speculation value from altcoins ends up in BTC, not in the altcoins. Altcoins are complementary to BTC. The reason BTC percentage of market cap is diving lately is because Bitcoiners are trying to force protocol changes to Bitcoin, instead of doing it on Litecoin, and so no progress is being made at all. Stuck in the mud.

Bitcoiners need to re-orient their thinking. Read my prior post and click the link and read more.

2in 2 out... not that heavy

Some people feel that discounting the signatures on SW transactions was to make using LN more economical as the on-chain portion of LN transactions (eg creating and settling LN channels) will be very signature heavy.

Some people feel that discounting the signatures on SW transactions was to make using LN more economical as the on-chain portion of LN transactions (eg creating and settling LN channels) will be very signature heavy.

Because there's no need for a fee market right now...maybe in a few decades, because right now miners get the block reward (12.5 BTC).   And its not even clear if fees would be bigger with small blocks anyway, because small blocks limit growth and limit the number of users paying fees.  So it makes the most sense not to worry about fees right now, and instead just focus on letting the network grow.

Altcoins are good competitors to Bitcoin and I think it just needs it.

Ok thanks for the clarification. But that does not make any sense. Why then are the miners trying to support Bitcoin Unlimited if that will hurt their "healthy fee market"? What do you believe is in it for them if we hard fork to BU?

I do not think that restricting the main blockchain is intentional. The 1MB maxblocksize limit is there as an anti spam measure. The Lightning Network is set up to carry some of the load and could do much more. Later, I believe there will be a need for a block size increase to accomodate the closing of LN's payment channels as they get settled on the main chain.

Ethereum opened a can of worms, now everybody wanna fork with success maybe we can see some Litecoin Unlimited soon?
My position focuses onto a single bitcoin blockchain containing merely 21mio BTC. Doubling that will end toxic, waisting the former social contract.

the effective block size, part of segwit, was a compromise meant to appease the big blockers. ironically enough this is the part that most big blockers have the most issues with.

the effective block size, part of segwit, was a compromise meant to appease the big blockers. ironically enough this is the part that most big blockers have the most issues with.