Topic: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell - page 34. (Read 46270 times)

because gmaxwell is NOT thinking about or caring about the more transactions = more utility value onchain
he is thinking with the less transactions = less utility value onchain = more utility value offchain = more economics value for himself to get greedy fee's by blockstream and DCG running LN hubs to repay their millions of debt value

he values repaying the $70m+ debt he is contracted to repay as part founder of blockstream, more so then BITCOINS network value

OP is an uneducated baboon, similar to jonald_fyookball. These people have become so desperate that they've started spamming the board with threads and complaints.

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Let me show you a nice picture:



Don't give me that "correlation != causation" crap, as the BTU folk has been often associating a price rise with an increase of BTU signalling (prior to this).

A very entertaining thread! My favourite part is when Alex.BTC takes the time to attempt a thorough, well-reasoned argument, then completely destroys his credibility with a ridiculous string of insults at the end.

My theory that arguments need to be scientifically founded to have validity? Not everyone wants more capacity, there are a few rational players that are fine with status quo, Maxwell even recently said something to this regard.

I'm proposing a hard fork with 4MB blocks and segwit. No soft fork. Sounds like that meets your requirements.

If LN siphons off the majority of network fees, how will miners get paid?

I want bigger blocks but without segwit soft fork. I would accept segwit as a proper protocol upgrade though (not as a soft fork). Thankfully BU team is already working on SegWit as a hard fork solution.

Absolute bullshit, based on NO economic theory whatsoever.

Roger is perpetuating a myth, that only those that do not understand economic theory will believe in.  It is absolutely not true that raising bitcoin's transaction capacity will raise its value.  Doing so will destroy bitcoin's quality as a digital gold.  Ver wants control of bitcoin and he wants to break it because he is a power hungry child that has absolutely no understanding of economics.

Satoshi built this system, much like the foundation for the US government system, such that a faction like Ver's brigade CANNOT override the consensus mechanism and usurp the system's security.

There is absolutely no scientifically founded argument for the drivel Ver is spouting which is exactly why he never says anything but things like "Bitcoin is like Starbux therefore...".

Thinking bitcoin needs more and more uses cases and that we must guard bitcoin's utility as a coffee money is to completely not understand bitcoin's macro-economic relationship to our global economy.  Raising bitcoin's transaction capacity solves no significant problem whatsoever.

People like Roger that subscribe to this myth do not understand what money is for. Money as a medium of exchange is not a significant solution to anything.  The significant purpose for money to exist is to provide a pricing mechanism for the markets so that they may operate efficiently.

It is the VALUE proposition that must be guarded in regard to bitcoin and changing the implied tps absolutely alters and effectively destroys the stability of this proposition.

Ver will never enter dialogue with me on this because I will absolutely school him on the subject with truth founded in accepted and basic (macro)-economic argument.

Keep yelling, keep having tantrums, keep banning people from your community who will explain what is wrong with your understanding.  You have only one hope Roger, to destroy your wealth, it's logically impossible to do what you are trying to do. Satoshi is laughing at you, Szabo is laughing at, and anyone who understands economics is appalled by your argument.

You are a communist block-chain Keynesian in (not very good) disguise, you do NOT understand economics and you have no idea what money is for or how it works.

https://medium.com/@rextar4444/the-absurdity-of-communism-and-hard-forking-bitcoin-to-coup-core-4486aa9191c8#.ouf5gdbgz

If blocks are empty, then when the reward drops to zero how will miners get paid?

I don't force anyone to do anything.

Your weird theories are a distraction from discussing the real issues.  Everyone on both sides of the debates wants more capacity in one form or another.  I'm putting you on ignore and suggest others do the same.  Sorry.

That increasing the blocksize/transaction capacity will increase the value of the network. There is no founded argument for such a claim, which is exactly why supporters of it are just loudmouth accounts that avoid proper dialogue.

Scientific reasoning as to what?

typical

Care to cite any scientific reasoning behind the opinion you are asserting?  

Didn't think so.

It's not that you are a shill, its just that you are speaking to a subject you know nothing about.

The new study entitled “On Scaling Decentralized Blockchains” was prepared by the Initiative for CryptoCurrencies and Contracts (IC3) at the Jacobs Technion-Cornell Institute. It reveals that approximately 90% of the examined 4,565 nodes (there are currently more than 7,000 nodes) would continue normal operation even with 4 MB blocks. This particular block size would allow to increase the speed of transactions from the current 2,5 to 27 transactions per sec.

It shouldn't be a hard choice - on one side you have the bitcoin developers and thinkers who have devoted their time on making the world a better place
on the other side you have two rich guys that have done nothing for world except make themselves richer.

I`m newbie in many things, can you please explain to me what is the difference between real and fake bitcoins? How can we notice the difference?
I understand that some dev`s have different opinion on how should bitcoin be upgraded, many things are complicated for me to understand, can someone clear up things for me?
Whom to trust, I noticed some names, and many people argue what is right, and everyone tell some other story. I`m ordinary man, and I think there is many people here just like I`m, how can we know who tells the truth and really wish good for bitcoin, and who is looking for fast profit?

I'm in total agreement with Alex.BTC here.  I haven't posted in Bitcointalk for a while, but figured I would voice my opinion since there are accusations being made that block size increase supporters are new accounts, shills, etc.  Well, here's an old account, and I also think the bock size needs to go up.  Core could have done so at any moment, but they refused and now we have a stalemate and a split community.  It's a shame.

 Even if 8MB came today, it would take more than 6 months to get stable and win back user faith.  Probably too long and Ethereum or Dash will be quite strong by then.