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Topic: hypothesis: BU motivations (NO PROOF) (Read 2662 times)

legendary
Activity: 2898
Merit: 1823
April 03, 2017, 11:11:57 PM
#53
of course , because it will be more expensive as we discussed earlier.

Right. Let me divert the topic a little. Who do you think is spamming the network and for whose best interest is he acting? All we see are cries of "Oh someone is spamming and flooding the mempool" but there is no mention of who or what group is doing this.

In theory it could be someone who has a commitment to Bitcoin Unlimited but I do not want to go there and be biased. That is why I am asking you.

looking at the dates of when the most spam spikes are

june/july 2016
and then
a long constant go at it from october onwards..

it appears obvious that anyone offering something from those particular dates that want to sway people into thinking their features are needed to remedy the spam would benefit from creating spam to then point out that something needs to be done.
https://blockchain.info/charts/mempool-size?timespan=1year

june/july 2016 = core CSV
october+ = segwit

You cannot be serious in using that as evidence to show that Core or a group allied with Core is behind it right? That is too obvious. Because a group against Core could do it too and make it look like Core did it. We cannot snub that possibility out.
legendary
Activity: 4424
Merit: 4794
April 03, 2017, 07:33:12 PM
#52
iamback
quoting yourself is meaningless.
your getting to the point of being a traincarwreck endless pil of rants that just circle into an endless loop of 'im wright because i said so here, her and here'

sr. member
Activity: 336
Merit: 265
April 03, 2017, 05:07:04 PM
#51
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.

Decentralized on chain scaling is technologically impossible with PoW:

https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/dfr3weo/

If you actually understood the technology, then perhaps you'd change your position to something which can actually scale off chain.



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:

Quote from: ProHashing pool
He states that we oppose Segregated Witness, which is true. We do not think that SegWit is the best course for bitcoin or litecoin.

Quote from: ProHashing pool
We do intend to implement SegWit

Quote from: ProHashing pool
A majority of customers have requested SegWit, so we plan to implement it.

Stalling. Deceit. An obstructionist wolf in sheepskin.

Quote from: ProHashing pool
the IRS doesn't move its deadline back because of SegWit, and we won't have any business at all if they come after us

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.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
April 03, 2017, 03:48:56 PM
#50
  I think the miners are the bad actors here skewing everyones vision.

Explain why the miners are bad actors , please...because to me it sounds crazy.  Miners are the ones securing Bitcoin, how could they possibly be bad actors unless
they are going to be blatantly malicious (unwind transactions, block transactions etc)

sr. member
Activity: 812
Merit: 251
April 03, 2017, 03:45:43 PM
#49
I think that BU legitimately thinks that they are choosing the way forward, I think the miners are the bad actors here skewing everyones vision. Even Roger I think believes he is doing the right thing, if not he would sell all of his coins and could live like a king for the rest of his life.

BU has missed the way, how can they lead us? They better listen to the core Devs and act appropriately. I don't see why they keep seeking undeserved attention?
member
Activity: 77
Merit: 10
April 03, 2017, 03:11:06 PM
#48
BU trash aint dead yet?  Lips sealed

I see people supporting this crap coin. They must be paid by his friend roger and antpool comunist.

What the fork guys. No one want this crap bugged coin. Stop messing up kids.
sr. member
Activity: 378
Merit: 250
April 03, 2017, 03:07:10 PM
#47
I think that BU legitimately thinks that they are choosing the way forward, I think the miners are the bad actors here skewing everyones vision. Even Roger I think believes he is doing the right thing, if not he would sell all of his coins and could live like a king for the rest of his life.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
April 03, 2017, 02:51:20 PM
#46
of course , because it will be more expensive as we discussed earlier.

Right. Let me divert the topic a little. Who do you think is spamming the network and for whose best interest is he acting? All we see are cries of "Oh someone is spamming and flooding the mempool" but there is no mention of who or what group is doing this.

In theory it could be someone who has a commitment to Bitcoin Unlimited but I do not want to go there and be biased. That is why I am asking you.

I really do not know.  It could be either side of the debate trying to force a resolution. 

Honestly I do not think it is Roger Ver (as some say) because I know he was using Bitcoin for
payments, so it wouldn't make sense to cause an issue just so he could complain
about it since he could complain anyway once it became an issue.
legendary
Activity: 4424
Merit: 4794
April 03, 2017, 01:09:08 AM
#45
no shills, i actually hate BU.Just worried and looking for concrete and substantiated feedback for my hypothesis.could you read it and point what is wrong?

The thing is, anyone with 51% of the hashpower can attack the network and kill it -- they don't BU or anything else, or anyone's consensus or permission.
Also bigger blocks or smaller blocks do not affect this one way or another.  


but it's not feasible today to buy tons of petahash just to attack the network, to force a decision, if that the reason behind the attack

it's always better for them to mine with that hashrate than doing an attack, the only case where this can make sense is if bitcoin is tanking hard and there is no real profit anymore

as a desperate final move a 515% would make sense in that case

hashpower alone doesnt mean much. all it means is more dodgy blocks get rejected/orphaned and a group with such high hashpower is just wasting much more electric just to get rejected.

EG
imagine there was 2 pools and the node rule was 1mb
pool A with 500000000 exahash making a 1.000,250 block
and pool B with 4exahash making 0.999,750 block

pool A would lose, all that happens is that the orphan/reject stats would be higher

NODES have to have consensus and accept 1.000,250 block.
and even then thats just to try to keep the over 1mb going because the nodes are just in a orphan drama event.

the only way to make sure that 1.000,250 blocks are acceptable without drama without fuss and with the pools making the blocks able to spend their rewards, is to have node consensus of majority, merchant/services node acceptance and to completely ignore the minority to not care about their old rules.

...
now if dynamic implementations wanted to do this controversially they would have done it already over the last few years. they would have even set a date and announced it.

now if dynamic implementations wanted to do this controversially they would have gmaxwell up on the bilateral split offer, rather than laugh in his face at gmaxwells desire of dominant TIER centralised control by pushing anything not core away/to bottom tier.
legendary
Activity: 3248
Merit: 1070
April 03, 2017, 12:46:49 AM
#44
no shills, i actually hate BU.Just worried and looking for concrete and substantiated feedback for my hypothesis.could you read it and point what is wrong?

The thing is, anyone with 51% of the hashpower can attack the network and kill it -- they don't BU or anything else, or anyone's consensus or permission.
Also bigger blocks or smaller blocks do not affect this one way or another.   


but it's not feasible today to buy tons of petahash just to attack the network, to force a decision, if that the reason behind the attack

it's always better for them to mine with that hashrate than doing an attack, the only case where this can make sense is if bitcoin is tanking hard and there is no real profit anymore

as a desperate final move a 515% would make sense in that case
legendary
Activity: 4424
Merit: 4794
April 02, 2017, 11:25:47 PM
#43
Do you think spamming the blockchain will be discouraged by having bigger blocks?

by not being so generous with the txsigop limit can discourage it
by having more space in the base block so that it takes more effort can discourage it

by even inventing a new priority mechanism thats not just a rich vs poor preference but a real bloat +young age costly thing.. can discourage it.

but core have not increased base block.
but core have not reduced txsigop limit, infact they increased it to be absurdly more generous to spammers
and core have removed any kind of priority barrier  

even funnier. core say the onchain fee is good for pools. even though pools dont really 'need' it this decade. but at the same time discounted it as a way to tempt people to use segwit. thus not really offering more 'bonus' to pools due to a discount. and not really offering a real discount by pre-emptively increasing the fee's 10-100x the cost of 2015
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
April 02, 2017, 11:17:49 PM
#42
of course , because it will be more expensive as we discussed earlier.

Right. Let me divert the topic a little. Who do you think is spamming the network and for whose best interest is he acting? All we see are cries of "Oh someone is spamming and flooding the mempool" but there is no mention of who or what group is doing this.

In theory it could be someone who has a commitment to Bitcoin Unlimited but I do not want to go there and be biased. That is why I am asking you.

looking at the dates of when the most spam spikes are

june/july 2016
and then
a long constant go at it from octobre onwards..

it appears obvious that anyone offering something from those particular dates that want to sway people into thinking their features are needed to remedy the spam would benefit from creating spam to then point out that something needs to be done.
https://blockchain.info/charts/mempool-size?timespan=1year

june/july 2016 = core CSV
october+ = segwit

+1 Well said Franky1.

Franky1 has the answer and I recommend others to read his post.

Its obvious there are those with an agenda to undermine Bitcoin. There's a long list of names and institutions, not that hard to identify who.
legendary
Activity: 4424
Merit: 4794
April 02, 2017, 11:14:23 PM
#41
of course , because it will be more expensive as we discussed earlier.

Right. Let me divert the topic a little. Who do you think is spamming the network and for whose best interest is he acting? All we see are cries of "Oh someone is spamming and flooding the mempool" but there is no mention of who or what group is doing this.

In theory it could be someone who has a commitment to Bitcoin Unlimited but I do not want to go there and be biased. That is why I am asking you.

looking at the dates of when the most spam spikes are

june/july 2016
and then
a long constant go at it from october onwards..

it appears obvious that anyone offering something from those particular dates that want to sway people into thinking their features are needed to remedy the spam would benefit from creating spam to then point out that something needs to be done.
https://blockchain.info/charts/mempool-size?timespan=1year

june/july 2016 = core CSV
october+ = segwit
newbie
Activity: 45
Merit: 0
April 02, 2017, 11:07:20 PM
#40
The thing is, anyone with 51% of the hashpower can attack the network and kill it -- they don't BU or anything else, or anyone's consensus or permission.
BTC could be taken down with zero hashpower.
legendary
Activity: 2898
Merit: 1823
April 02, 2017, 10:52:00 PM
#39
of course , because it will be more expensive as we discussed earlier.

Right. Let me divert the topic a little. Who do you think is spamming the network and for whose best interest is he acting? All we see are cries of "Oh someone is spamming and flooding the mempool" but there is no mention of who or what group is doing this.

In theory it could be someone who has a commitment to Bitcoin Unlimited but I do not want to go there and be biased. That is why I am asking you.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
April 01, 2017, 11:01:50 PM
#38
of course , because it will be more expensive as we discussed earlier.
legendary
Activity: 2898
Merit: 1823
April 01, 2017, 10:36:24 PM
#37
jonald_fyookball, franky1, you have gone too technical and lost me. My pea brain can only handle enough information at a time. I will need to step back and reread your posts later. Cheesy

I request for someone with more technical knowledge for a rebuttal while I try to read their posts. I am learning as I go.

try to look at from a simple supply and demand persective.

Supply = blocksize space
demand = transaction

by making the supply smaller, prices (fees) will go up.  

So if someone wants to manipulate the market (spam attack) and make prices go up, obviously its going to easier with a smaller market (smaller blocksize, smaller supply)
than with a bigger one..

I hope that isn't too technical.

Thank you.

But if we have a layer on top of the blockchain for offchain transactions, we would be given an option as an out to avoid doing the transaction on the blockchain and do it off the chain. That is a shallow reason but still very useful.

Do you think spamming the blockchain will be discouraged by having bigger blocks?

Franky1, I will reply to your post later if I can find the brain cells. Cheesy
legendary
Activity: 2562
Merit: 1441
April 01, 2017, 02:32:44 AM
#36
I would like to share an hypothesis.

With enough asics a group of miners could offer/sell an alternative to SWIFT for banks?

The group could settle a secret agreement with some banks to raise a few billion US$ for their hash capacity (they would have to leave bitcoin).
They would need something like 40% to 50% of bitcoin hash rate to avoid attacks (Bitcoin unlimited is in almost 40%?).
They would have to keep building asics to keep hash capacity in bitcoin level. Or build even more.
Them we would live in a world with 2 major coins. Both only vulnerable to each other hash capacity.
The miner (banks backed) would have lot of budget to keep pumping asics until bitcoin is forced to change POW or other mitigation strategy.
The group would guarantee its future in asics manufacturing and operations and would ´t care if bitcoin fails. Quick $ with low risk. As it would have a signed contract with major banks to back them.
Actually this group of miners would gain with bitcoin suffering.
Banks could have a chance to have its own SWIFT and damage bitcoin considerably, gaining more time for their fiat party, with very low costs for them(comparing to acquisitions we are seeing today and the SWIFT value)

Interesting theory OP.

I wonder if this could be evidence of banks/states supporting bu.

Quote

There could be some agenda in play where people with money and influence are spreading pro bitcoin unlimited propaganda.

If there is a hard fork, will decreasing the number of miners and nodes also lead to slower transactions?

The concept of a hard fork could be flawed if such is the case.
legendary
Activity: 4424
Merit: 4794
March 31, 2017, 11:52:39 PM
#35
jonald_fyookball, franky1, you have gone too technical and lost me. My pea brain can only handle enough information at a time. I will need to step back and reread your posts later. Cheesy

I request for someone with more technical knowledge for a rebuttal while I try to read their posts. I am learning as I go.
usually i try to keep things laymens.
non technical version

imagine it like a plane that originally only allows 2500 seats. and people are waiting at the airport to buy their seat

issues.
1 guy can buy a party ticket to buy up all the seats for only 5 obese people to sit in..
leaving 2495 passengers angry and frustrated

solutions

a. allow plans to grow in seating capacity, but limit the party ticket. EG a 5,000 seat plane has a party ticket to allow 20people to reserve the whole plane instead of 5 (or go one step further make it so party ticket people need 40+ to fill the plane instead of 5)
b. make the cargo-hold area into new seating and offer a discount for adults if the let their kids sit in the cargo hold
c. invent a teleporter on teleport island to avoid passengers needing the plane each month. but once a month they need to travel by plane to or from teleport island just to be able to use the teleporter inbetween times.

a=dynamics
b=segwit
c=LN

issues
b. though there are 2500seats that could possibly allow more first class empty seats for more people because some adults volunteer to put their kids into cargo freeing up the main seats. the plane operator has done nothing to stop the party ticket guy from buying up all the seats for only 5 people

c. although some people may love teleport island. some people may only need the plane once a month so why buy a return ticket via teleport island to get to destination. rather than just a single ticket to destination. also plane operator hasnt stopped the partyticket reserving the plane for just 5 people.

thats the situation we are at...



now to your question
1. are you open to a smaller maxblocksize and an offchain transaction layer for Bitcoin? Honestly.
answer: LN (teleport island) does have a niche for gamblers that want to get to Lasvegas many times a day instantly in their coffee break. but LN is not for everyone. and forcing people into LN/teleport island especially without fixing bloat/partyticket, isnt solving the issue of queues at the airport.
answer: also if it starts costing too much just to get to teleport island by plane. people will hate travlling distances and never use the airport to even then use the teleport island.(AKA never use bitcoin to never use LN)

2. planes with (ur 32mb scenario) 80000 seats too big to be reliable around the sky and can crash with all the weight.
answer: no one is building plane to be that big overnight. it would be natural growth over time that move when safety allowances are met. nodes wont flag preference for such big planes unless they could cope. (think slow progressive growth over time. not 32mb by midnight)
answer: if the plane allowed a party ticket of 5 extremely obese guys fill the plane then the unbalance weight could cause more damage. so restrictions of bloat to allow say only parties of 2 onboard (40,000 tickets) is safer and manageable. rather than 5 tickets of insane obesity.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
March 31, 2017, 11:24:35 PM
#34
jonald_fyookball, franky1, you have gone too technical and lost me. My pea brain can only handle enough information at a time. I will need to step back and reread your posts later. Cheesy

I request for someone with more technical knowledge for a rebuttal while I try to read their posts. I am learning as I go.

try to look at from a simple supply and demand persective.

Supply = blocksize space
demand = transaction

by making the supply smaller, prices (fees) will go up.   

So if someone wants to manipulate the market (spam attack) and make prices go up, obviously its going to easier with a smaller market (smaller blocksize, smaller supply)
than with a bigger one..

I hope that isn't too technical.
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