Author

Topic: Gold collapsing. Bitcoin UP. - page 240. (Read 2032248 times)

legendary
Activity: 4690
Merit: 1276
June 12, 2015, 11:54:39 AM
But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.

There always is bottleneck as long as there is physics

I thought about commenting that the statement smacked of a limitation in theory more so than to a robustness in implementation (however gestational it might be), but it wasn't worth the few seconds to peck it out on the keyboard.  Also, of course, Anonymint doesn't need the extra temptation to engauge on the forum with all the medical problems and important coding work he's got going.

legendary
Activity: 2044
Merit: 1005
June 12, 2015, 11:50:14 AM
Nah they will prob raise rates before intervention. That will blow top off of stocks.

into the teeth of a falling stock mkt and already rising rates to the tune of 43% off the bottom?  i don't think so.

Rising rates is bullish for stocks(the one that is coming up soon)... chinese market taking a dip, euro in turmoil from greece: money looking for a home part 2.
legendary
Activity: 1260
Merit: 1008
June 12, 2015, 11:37:16 AM
 https://twitter.com/jgarzik/status/609371913748529153

Making Decentralized Economic Policy
BIP 100 ­ Theory and Discussion, v0.3 ­ draft
Jeff Garzik <[email protected]>

a.k.a.

Another proposal to scale up bitcoin removing the max block size limit

Protocol changes proposed:

Hard fork to remove 1MB block size limit.
Simultaneously, add a new soft fork limit of 2MB.
Schedule the hard fork on testnet for September 1, 2015.
Schedule the hard fork on bitcoin main chain for December 11, 2015.
Default miner block size becomes 1MB (easily changeable by miner at any time, as today).
Changing the 2MB limit is accomplished in a manner similar to BIP 34, a one­way lock­in upgrade with a 12,000 block (3 month) threshold.
legendary
Activity: 1764
Merit: 1002
June 12, 2015, 10:57:02 AM
posturing bullish again:

legendary
Activity: 1764
Merit: 1002
June 12, 2015, 10:33:46 AM
Nah they will prob raise rates before intervention. That will blow top off of stocks.

into the teeth of a falling stock mkt and already rising rates to the tune of 43% off the bottom?  i don't think so.
legendary
Activity: 2044
Merit: 1005
June 12, 2015, 10:28:34 AM
Nah they will prob raise rates before intervention. That will blow top off of stocks.
legendary
Activity: 1764
Merit: 1002
June 12, 2015, 10:23:12 AM
IOW, this kinda stuff cannot be tolerated:

legendary
Activity: 1764
Merit: 1002
June 12, 2015, 10:21:56 AM
here's my UST representative, TLT.  you can see it's intervention time:

legendary
Activity: 1764
Merit: 1002
June 12, 2015, 10:20:13 AM
$DXY looking very shaky.  remember, my theory is that both USD and UST's can't go up like last time in 2008.  there's been too much damage to credibility for that to happen in the next crisis.  of the 2, i guess it would be the USD to go down as everything has to be done to save the larger component of money, that of debt, or the UST.  and it's time to intervene in UST's if you look at the chart.  all printed USD needs to go to purchasing them.  which means, you know what, for Bitcoin:

legendary
Activity: 1764
Merit: 1002
June 12, 2015, 09:50:08 AM
oh my, that's just awful.  leading to the downside:

legendary
Activity: 1764
Merit: 1002
June 12, 2015, 09:47:55 AM
short lived bounce over:

legendary
Activity: 1764
Merit: 1002
legendary
Activity: 1764
Merit: 1002
legendary
Activity: 2044
Merit: 1005
June 12, 2015, 07:06:17 AM
But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.
There always is bottleneck as long as there is physics
sr. member
Activity: 350
Merit: 250
June 12, 2015, 06:06:30 AM
Casares is openly skeptical about the ongoing – and increasingly popular – blockchain tech trend, which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

"I think that most people who say that do not understand what they're talking about," said Casares, adding "I think that they are trying to be politically correct."

Back in the day, he explained, executives or business people were reluctant to go on-record to comment on the Internet's promise, in fear of any public backlash if it failed to succeed.

Traditional finance organisations, said Casares, do not want to say anything positive about bitcoin. Instead, they insist on using a very convoluted argument that praises blockchain tech, but dismisses the digital currency. "It's childish," he added.


http://www.coindesk.com/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/?utm_content=buffer60df4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Lol, don't cherry pick, heres a video with wonderful human beings exalting Bitcoin: https://www.youtube.com/watch?v=uKIvxHi8AkY

(ignore the anti-bitcoin ranting)
sr. member
Activity: 252
Merit: 250
June 12, 2015, 01:44:37 AM
the fact that gold is getting down its a symptom of people getting less gold and more other forms of power and central nervous system digital goods and porbably the gold in the houses of people its getting directly to central banks even swiss and the prochase its less and even the need of material and non digital power
sr. member
Activity: 420
Merit: 262
June 11, 2015, 11:36:52 PM
But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.
legendary
Activity: 2044
Merit: 1005
June 11, 2015, 11:23:36 PM
Lol suuure, there is a difference between talking about the future and creating the future, guess what Monero devs are doing?

I am not disparaging Monero (and if I am successful Monero will receive a significant use case because of my efforts, assuming Monero hasn't been subsumed by a BTC side chain). Rather I am suggesting they direct their energy to leveraging BTC instead of XMR side chains. I have a specific suggestion in mind in that regard, but that suggestion will be published with my other work (however it gets published and I hope asap).

I accede to the vaporware implication. I wanted to make some points about the overall economics, then of course it is time to shut up and implement. Before we implement, we should understand well where we are headed, so we don't waste effort.


So your design doesn't use a blockchain, strictly p2p? The Bitcoin ala BitTorrent?

No that isn't an accurate way to visualize it. But transactions don't have to be sent to the block chain. Will publish asap for peer review. Allow me a little bit of time to figure out how I can profit on my discovery while also releasing into open source and also maximizing the odds that I am not a target of retribution nor jealousy.
So I assume they are kept in a mempool as you have to relay the transactions.. How u build consensus I dunno look fwd on reading it.. But to reach 100k tps will still be tough regardless of implementation.
sr. member
Activity: 420
Merit: 262
June 11, 2015, 11:15:57 PM
which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

Those who can’t build, talk

Quote from: Eric S Raymond, progenitor of the term "open source"
One of the side-effects of using Google+ is that I’m getting exposed to a kind of writing I usually avoid – ponderous divagations on how the Internet should be and the meaning of it all written by people who’ve never gotten their hands dirty actually making it work. No, I’m not talking about users – I don’t mind listening to those. I’m talking about punditry about the Internet, especially the kind full of grand prescriptive visions. The more I see of this, the more it irritates the crap out of me. But I’m not in the habit of writing in public about merely personal complaints; there’s a broader cultural problem here that needs to be aired.

The following rant will not name names. But if you are offended by it, you are probably meant to be.


I have been using the Internet since 1976. I got involved in its engineering in 1983. Over the years, I’ve influenced the design of the Domain Name System, written a widely-used SMTP transport, helped out with RFCs, and done time on IETF mailing lists. I’ve never been a major name in Internet engineering the way I have been post-1997 in the open-source movement, but I was a respectable minor contributor to the former long before I became famous in the latter. I know the people and the culture that gets the work done; they’re my peers and I am theirs. Which is why I’m going to switch from “them” to “us” and “we” now, and talk about something that really cranks us off.

We’re not thrilled by people who rave endlessly about the wonder of the net. We’re not impressed by brow-furrowing think-pieces about how it ought to written by people who aren’t doing the design and coding to make stuff work. We’d be far happier if pretty much everybody who has ever been described as ‘digerati’ were dropped in a deep hole where they can blabber at each other without inflicting their pompous vacuities on us or the rest of the world.

In our experience, generally the only non-engineers whose net-related speculations are worth listening to are science-fiction writers, and by no means all of those; anybody to whom the label “cyberpunk” has been attached usually deserves to be dropped in that deep hole along with the so-called digerati. We do respect the likes of John Brunner, Vernor Vinge, Neal Stephenson, and Charles Stross, and we’re occasionally inspired by them – but this just emphasizes what an uninspiring lot the non-fiction “serious thinkers” attaching themselves to the Internet usually are.

There are specific recurring kinds of errors in speculative writing about the Internet that we get exceedingly tired of seeing over and over again. One is blindness to problems of scale; another is handwaving about deployment costs; and a third is inability to notice when a proposed cooperative ‘solution’ is ruined by misalignment of incentives. There are others, but these will stand as representative for why we very seldom find any value in the writings of people who talk but don’t build.

We seldom complain about this in public because, really, how would it help? The world seems to be oversupplied with publishers willing to drop money on journalists, communications majors, lawyers, marketers manqué, and other glib riff-raff who have persuaded themselves that they have deep insights about the net. Beneath their verbal razzle-dazzle and coining of pointless neologisms it’s extremely uncommon for such people to think up anything true that hasn’t been old hat to us for decades, but we can’t see how to do anything to dampen the demand for their vaporous musings. So we just sigh and go back to work.

Yes, we have our own shining visions of the Internet future, and if you ask us we might well tell you about them. It’s even fair to say we have a broadly shared vision of that future; design principles like end-to-end, an allergy to systems with single-point failure modes, and a tradition of open source imply that much. But, with a limited exception during crisis periods imposed by external politics, we don’t normally make a lot of public noise about that vision. Because talk is cheap, and we believe we teach the vision best by making it live in what we design and deploy.

Here are some of the principles we live by: An ounce of technical specification beats a pound of manifesto. The superior man underpromises and overperforms. Mechanism outlasts policy. If a picture is worth a thousand words, a pilot deployment is worth a million. The future belongs to those who show up to build it. Shut up and show us the code.

If you can live by these principles too, roll up your sleeves and join us; there’s plenty of work to be done. Otherwise, do everybody a favor and stop with the writing and the speeches. You aren’t special, you aren’t precious, and you aren’t helping.
legendary
Activity: 1764
Merit: 1002
June 11, 2015, 11:13:07 PM
Casares is openly skeptical about the ongoing – and increasingly popular – blockchain tech trend, which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

"I think that most people who say that do not understand what they're talking about," said Casares, adding "I think that they are trying to be politically correct."

Back in the day, he explained, executives or business people were reluctant to go on-record to comment on the Internet's promise, in fear of any public backlash if it failed to succeed.

Traditional finance organisations, said Casares, do not want to say anything positive about bitcoin. Instead, they insist on using a very convoluted argument that praises blockchain tech, but dismisses the digital currency. "It's childish," he added.


http://www.coindesk.com/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/?utm_content=buffer60df4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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