Gold collapsing. Bitcoin UP. - page 18.

brg444

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Activity: 644

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Bitcoin replaces central, not commercial, banks

Quote from: Erdogan on August 16, 2015, 06:44:18 PM

Quote from: brg444 on August 16, 2015, 06:41:36 PM

Quote from: iCEBREAKER on August 16, 2015, 06:34:05 PM

Quote from: Peter R on August 16, 2015, 04:22:00 PM

Quote from: Peter R on August 16, 2015, 08:19:54 AM

I combined the Sickpig's idea that the block size limit is a transport limitation that crept into the consensus layer, with Smooth's observation that the Bitcoin white paper never mentions a block size limit, and rolled it into a toned-down version of the "moderators-throwing-their-swords" story:

https://www.reddit.com/r/Bitcoin/comments/3h73ws/the_morning_after_the_moderation_mistake_thoughts/

It looks like my post has been removed from r/bitcoin (it had 172 up-votes in 8 hours). It was near the top of the first page, and then 5 minutes later it was nowhere to be found.

Both cartoons by /u/raisethelimit were removed too (and one was the second highest post).

Quote from: inca on August 16, 2015, 04:36:28 PM

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

There's plenty of room for all of your Gavinista butt-ragings at https://voat.co/v/bitcoinxt .

Just saying...

The cognitive dissonance is amazing.

"Screw you guys we're forking and there's nothing you can do about it! We're gonna need our subreddit though..."

Yes, and we don't want to move to a free country, we want the government to leave, they are the criminals after all ...

You know that's what millions of people throughout history actually did right?

That's called an "exit". Seeing as an exit on the internet is not limited by costly physical constraints I really fail to see the point you're trying to make.

smooth

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With respect to Nick Most-Likely-To-Be-Satoshi-And-That-Is-Worth-A-Lot-Even-If -He-Isn't Szabo, I despise the "$4 billion system" argument. Every one of those investors knows it is a high risk asset with the potential for a 1000x return (and therefore, by any reasonable economics or logic, enormous risks). These are not widows and orphans.

Maybe the block size increase is a bad idea and maybe XT is a bad way to do it, but that argument is absurd sensationalism at its worst.

Erdogan

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Activity: 1512

Merit: 1005

Quote from: brg444 on August 16, 2015, 06:41:36 PM

Quote from: iCEBREAKER on August 16, 2015, 06:34:05 PM

Quote from: Peter R on August 16, 2015, 04:22:00 PM

Quote from: Peter R on August 16, 2015, 08:19:54 AM

I combined the Sickpig's idea that the block size limit is a transport limitation that crept into the consensus layer, with Smooth's observation that the Bitcoin white paper never mentions a block size limit, and rolled it into a toned-down version of the "moderators-throwing-their-swords" story:

https://www.reddit.com/r/Bitcoin/comments/3h73ws/the_morning_after_the_moderation_mistake_thoughts/

It looks like my post has been removed from r/bitcoin (it had 172 up-votes in 8 hours). It was near the top of the first page, and then 5 minutes later it was nowhere to be found.

Both cartoons by /u/raisethelimit were removed too (and one was the second highest post).

Quote from: inca on August 16, 2015, 04:36:28 PM

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

There's plenty of room for all of your Gavinista butt-ragings at https://voat.co/v/bitcoinxt .

Just saying...

The cognitive dissonance is amazing.

"Screw you guys we're forking and there's nothing you can do about it! We're gonna need our subreddit though..."

Yes, and we don't want to move to a free country, we want the government to leave, they are the criminals after all ...

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: iCEBREAKER on August 16, 2015, 06:34:05 PM

Quote from: Peter R on August 16, 2015, 04:22:00 PM

Quote from: Peter R on August 16, 2015, 08:19:54 AM

I combined the Sickpig's idea that the block size limit is a transport limitation that crept into the consensus layer, with Smooth's observation that the Bitcoin white paper never mentions a block size limit, and rolled it into a toned-down version of the "moderators-throwing-their-swords" story:

https://www.reddit.com/r/Bitcoin/comments/3h73ws/the_morning_after_the_moderation_mistake_thoughts/

It looks like my post has been removed from r/bitcoin (it had 172 up-votes in 8 hours). It was near the top of the first page, and then 5 minutes later it was nowhere to be found.

Both cartoons by /u/raisethelimit were removed too (and one was the second highest post).

Quote from: inca on August 16, 2015, 04:36:28 PM

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

There's plenty of room for all of your Gavinista butt-ragings at https://voat.co/v/bitcoinxt .

Just saying...

The cognitive dissonance is amazing.

"Screw you guys we're forking and there's nothing you can do about it! We're gonna need our subreddit though..."

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: Erdogan on August 16, 2015, 06:37:08 PM

iCEBRAKER, brg444 you are losing hard, and ~~throwing your swords.~~ I don't see the point.

i prefer, "losing your cookies".

or, "projectile vomiting" will suffice.

cypherdoc

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Activity: 1764

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August 15, 2015: The Day that iCE went crazy.

iCEBREAKER

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Activity: 2156

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Crypto is the separation of Power and State.

Quote from: sAt0sHiFanClub on August 16, 2015, 04:49:56 PM

Quote from: inca on August 16, 2015, 04:36:28 PM

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

Indeed. They will be making "A List' next....

I was told that "book burnings" would be next. Huh

Can you please get your Theymos Is Literally Hitler narrative sorted out? It's getting confusing.

And why are you still here in the land of oppression, instead of running free and wild at https://voat.co/v/bitcoinxt ?

Did Hearn set up a checkpoint, or what?

cypherdoc

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oh my:

Peter R

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Quote from: brg444 on August 16, 2015, 06:30:22 PM

Quote from: Wexlike on August 16, 2015, 06:22:40 PM

Quote from: iCEBREAKER on August 16, 2015, 06:15:20 PM

Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

Quote

the fork proposed is not simply nondeterministic behaviour, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the Bitcoin chain are accepted as valid on both Bitcoin and Gavincoin, but holdings on Gavincoin are rejected by Bitcoin. Consequently, everyone involved with the fork is writing options to everyone in Bitcoin, free of charge.

This is a fight which, BY DESIGN, you Gavinistas cannot win. Poor thing, no wonder it's "doing your head in."

Quote

because of the way Bitcoin is constructed, only the forker chain can take any casualties.

If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything [they invested in it], but Bitcoin holdouts still have all their Bitcoins (some of them also perhaps have some war booty, but that's not guaranteed).

It's really very unilateral (as it should be, incidentally – if this weren't the case every John, Dick and Jane would fork Bitcoin every time they got bored).

Just incredible how much crap an early adopter can write. He just writes like an angry internet troll. His posts contain mostly personal attacks.

His posts contain a lot of personal attacks. Yet only the simpletons clinging to these "because offended" are unable to recognize the insights. Truth hurts indeed

Can you explain which insights you're referring to? It looks to me like mostly technical misunderstandings about how a fork would play out combined with a lack of knowledge about Bitcoin. For example, explain how this is true:

"If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything"

Erdogan

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Activity: 1512

Merit: 1005

iCEBRAKER, brg444 you are losing hard, and throwing your swords. I don't see the point.

iCEBREAKER

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Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Peter R on August 16, 2015, 04:22:00 PM

Quote from: Peter R on August 16, 2015, 08:19:54 AM

I combined the Sickpig's idea that the block size limit is a transport limitation that crept into the consensus layer, with Smooth's observation that the Bitcoin white paper never mentions a block size limit, and rolled it into a toned-down version of the "moderators-throwing-their-swords" story:

https://www.reddit.com/r/Bitcoin/comments/3h73ws/the_morning_after_the_moderation_mistake_thoughts/

It looks like my post has been removed from r/bitcoin (it had 172 up-votes in 8 hours). It was near the top of the first page, and then 5 minutes later it was nowhere to be found.

Both cartoons by /u/raisethelimit were removed too (and one was the second highest post).

Quote from: inca on August 16, 2015, 04:36:28 PM

..and all pro XT and angry censorship postings are removed from the front of /r/bitcoin. Disgraceful.

There's plenty of room for all of your Gavinista butt-ragings at https://voat.co/v/bitcoinxt .

Just saying...

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: klee on August 16, 2015, 03:33:23 PM

When cypherdocs capitulate, there will be future again for Bitcoin.

Sorry pal, you have to get rekt.

Doctor Frappe already got rekt. He just has too much pride to admit losing so much face.

The last nails for the coffin lid are being pounded in, and he'll be buried soon:

https://twitter.com/NickSzabo4/status/633012686230437889

https://twitter.com/NickSzabo4/status/633023200922746880

https://twitter.com/NickSzabo4/status/633011973634961408

And now here's Szaboshi, throwing the first handful of dirt on the Gavinista's mass grave:

LOOOL, so fukkin' rekt... I...can't...even... Cheesy

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: Wexlike on August 16, 2015, 06:22:40 PM

Quote from: iCEBREAKER on August 16, 2015, 06:15:20 PM

Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

Quote

the fork proposed is not simply nondeterministic behaviour, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the Bitcoin chain are accepted as valid on both Bitcoin and Gavincoin, but holdings on Gavincoin are rejected by Bitcoin. Consequently, everyone involved with the fork is writing options to everyone in Bitcoin, free of charge.

This is a fight which, BY DESIGN, you Gavinistas cannot win. Poor thing, no wonder it's "doing your head in."

Quote

because of the way Bitcoin is constructed, only the forker chain can take any casualties.

If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything [they invested in it], but Bitcoin holdouts still have all their Bitcoins (some of them also perhaps have some war booty, but that's not guaranteed).

It's really very unilateral (as it should be, incidentally – if this weren't the case every John, Dick and Jane would fork Bitcoin every time they got bored).

Just incredible how much crap an early adopter can write. He just writes like an angry internet troll. His posts contain mostly personal attacks.

His posts contain a lot of personal attacks. Yet only the simpletons clinging to these "because offended" are unable to recognize the insights. Truth hurts indeed

ssmc2

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Activity: 2002

Merit: 1040

Quote from: Peter R on August 16, 2015, 05:21:25 PM

7-1/2% and climbing.

In other news, the guy (/u/raisethelimit) who posted the cartoons of the thermos was apparently banned for 30 days for trolling:

https://www.reddit.com/r/bitcoin_uncensored/comments/3h8tf2/uraisethelimit_was_banned_for_30_days_for_posting/

That act alone speaks volumes about the other side's state of mind.

"Throwing their weapons" indeed, as you put it.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: Erdogan on August 16, 2015, 06:21:57 PM

Quote from: brg444 on August 16, 2015, 06:03:48 PM

Quote from: Erdogan on August 16, 2015, 05:53:36 PM

Quote from: iCEBREAKER on August 16, 2015, 05:50:17 PM

Quote from: smoothie on August 16, 2015, 07:29:07 AM

Quote from: Odalv on August 16, 2015, 07:25:48 AM

Quote from: smooth on August 16, 2015, 07:18:33 AM

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

Sidechains are not altcoins, nor are they "watered down," nor are their block chain's "seperate."

Do you guys know what the phrase "TWO WAY PEG" means? Cheesy

Yes, something that is impossible. Ask the SNB (down) or PBOC (up).

There is a world of difference between an economic peg (fiat) and a technical peg (sidechains)

I have argued this before. The market is the proverbial gravity. If the peg is not allowed to break, all value will flow either to the sidechain or out of the sidechain. My personal guess is out of. Meaning the sidecoin fails.

So keep talking about sidechains for ten years, collect and burn mountains of dollar risk capital, because if you try to implement it, it will prove its futility, and investor capital dries up

The likelihood of sidechains becoming an integral part of Bitcoin is, I'd argue, far more important than any chance XT fork has at succeeding.

Keep burying your head in the ground and ignore innovation

Wexlike

legendary

Activity: 1473

Merit: 1086

Quote from: iCEBREAKER on August 16, 2015, 06:15:20 PM

Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

Quote

the fork proposed is not simply nondeterministic behaviour, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the Bitcoin chain are accepted as valid on both Bitcoin and Gavincoin, but holdings on Gavincoin are rejected by Bitcoin. Consequently, everyone involved with the fork is writing options to everyone in Bitcoin, free of charge.

This is a fight which, BY DESIGN, you Gavinistas cannot win. Poor thing, no wonder it's "doing your head in."

Quote

because of the way Bitcoin is constructed, only the forker chain can take any casualties.

If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything [they invested in it], but Bitcoin holdouts still have all their Bitcoins (some of them also perhaps have some war booty, but that's not guaranteed).

It's really very unilateral (as it should be, incidentally – if this weren't the case every John, Dick and Jane would fork Bitcoin every time they got bored).

Just incredible how much crap an early adopter can write. He just writes like an angry internet troll. His posts contain mostly personal attacks.

Erdogan

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Activity: 1512

Merit: 1005

Quote from: brg444 on August 16, 2015, 06:03:48 PM

Quote from: Erdogan on August 16, 2015, 05:53:36 PM

Quote from: iCEBREAKER on August 16, 2015, 05:50:17 PM

Quote from: smoothie on August 16, 2015, 07:29:07 AM

Quote from: Odalv on August 16, 2015, 07:25:48 AM

Quote from: smooth on August 16, 2015, 07:18:33 AM

Side chains are certainly altcoins.

Maybe in your universe.

Lol how are they not?

They are essentially watered down versions of Bitcoin lol with a separate block chain.

Sidechains are not altcoins, nor are they "watered down," nor are their block chain's "seperate."

Do you guys know what the phrase "TWO WAY PEG" means? Cheesy

Yes, something that is impossible. Ask the SNB (down) or PBOC (up).

There is a world of difference between an economic peg (fiat) and a technical peg (sidechains)

I have argued this before. The market is the proverbial gravity. If the peg is not allowed to break, all value will flow either to the sidechain or out of the sidechain. My personal guess is out of. Meaning the sidecoin fails.

So keep talking about sidechains for ten years, collect and burn mountains of dollar risk capital, because if you try to implement it, it will prove its futility, and investor money dries up.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: Peter R on August 16, 2015, 06:07:44 PM

Quote from: brg444 on August 16, 2015, 06:01:45 PM

Quote from: Peter R on August 16, 2015, 05:48:30 PM

Quote from: brg444 on August 16, 2015, 05:43:50 PM

It doesn't take much brains to figure out why the speed of increase of avg block has accelerated from days where Bitcoin had 10,000 users and how it projects to pickup even more speed as adoption and awareness grows.

"Supply creates its own demand"

This is false. The growth rate of the average block size was fastest in early 2011.

Well that sort of makes sense considering it started from barely anything but the point still stand.

Do you propose the growth rate of blocksize to decrease with time. I'm pretty convinced it won't until we start serving half of the transactions on earth (if we do insist on keeping them all on blockchain)

I propose it will grow somewhere between the HIGH and the MODERATE curves in this chart (that I feel I've posted ten times recently):

This would be a very good thing!

I find that quite bearish actually Undecided

It took Paypal more or less 15 years to get to where they're at. 9 more years for Bitcoin to get there? I propose this is quite unlikely

Consider that some of the industry heads many of you have used to support your positions believe Bitcoin could turn into the reserve currency of the world within the next 10 years. Guess we're shit out of luck if that happens heh

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: cypherdoc on August 16, 2015, 11:16:44 AM

no, the Blockstream core devs already had their own Jekyll Island moment in the backwoods of California early last year.

You say Bohemian Grove, I say Satoshi Forest. Grin

iCEBREAKER

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Merit: 1072

Crypto is the separation of Power and State.

Quote from: sgbett on August 16, 2015, 10:55:03 AM

With any less than 50% then MP is economically disadvantaging himself, and then it is a question of how big his pockets are and how much he is prepared to risk.

"How big?" Sufficiently big.

"How much?" Enough.

Everyone rushing to be the first XTcoin recipients are economically advantaging MP & Co by writing them free options:

Quote

the fork proposed is not simply nondeterministic behaviour, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the Bitcoin chain are accepted as valid on both Bitcoin and Gavincoin, but holdings on Gavincoin are rejected by Bitcoin. Consequently, everyone involved with the fork is writing options to everyone in Bitcoin, free of charge.

This is a fight which, BY DESIGN, you Gavinistas cannot win. Poor thing, no wonder it's "doing your head in."

Quote

because of the way Bitcoin is constructed, only the forker chain can take any casualties.

If Gavincoin wins, Bitcoin holdhouts lose nothing and Gavin supporters gain nothing. If Gavincoin flounders, Gavin supporters lose everything [they invested in it], but Bitcoin holdouts still have all their Bitcoins (some of them also perhaps have some war booty, but that's not guaranteed).

It's really very unilateral (as it should be, incidentally – if this weren't the case every John, Dick and Jane would fork Bitcoin every time they got bored).

Topic: Gold collapsing. Bitcoin UP. - page 18. (Read 2032266 times)