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Topic: Quote of the Century (Read 1542 times)

legendary
Activity: 1904
Merit: 1074
September 14, 2015, 10:08:13 AM
#31
How many people attended the session? Nobody thought to record some video...? I did watch some of the live streaming and enjoyed the masters of ceremony the most.  Grin

What a character ...." Gavin I want your babies " will be stuck in my brain forever....  Shocked .... I missed out most of day 2, but I am catching up as we speak.  Huh

The transcripts and the video should not be censored, because it just puts fuel on the fire. Let's just be transparent.  Wink
legendary
Activity: 1100
Merit: 1032
September 14, 2015, 08:37:27 AM
#30
However we can raise the Blocksize up to a certain level. What is speaking against an increase to 2 or 4MB and then continue with an increase which grows equally as technological progress?

2 or 4 MB would not mean much in terms of increased usage, you need at least one order of magnitude to make a meaningful difference, going from 1-10% of Starbucks' tx rate to 4-40% would still look just quite inadequate.

That said the current challenge is more propagation times and the risk of orphans.

Even with the "stress test", we never went above 80% of fill rate, and this time it's much less (60-70%). It just does not make economical sense for miners to fill blocks and risk getting orphaned because their block propagated too slowly.

Outside of stress test, blocks are at 30-50% fill since early january, indicating either a lack of demand... or a miner soft limit wrt propagation.
legendary
Activity: 1680
Merit: 1010
Professional Native Greek Translator (2000+ done)
September 14, 2015, 07:39:31 AM
#29
Live fast, Die Young, Make a beautiful corpse Cheesy
legendary
Activity: 1386
Merit: 1009
September 14, 2015, 07:38:11 AM
#28
There's a transcript, not sure how complete it is.
http://diyhpl.us/wiki/transcripts/scalingbitcoin/peter-r/
legendary
Activity: 1162
Merit: 1007
September 14, 2015, 07:33:23 AM
#27
sounds potentially fishy. let's keep an eye on the situation.

Here's what a conference organizer said when I asked about the Day 1 Morning session videos being missing:

Quote
Dear Peter,

Thanks for your presentation and we had some teething video problems on morning day 1, though our livestream back-up site via akamai worked flawlessly (it was good to have a plan b).

We've captured the video on disk and will process them shortly.

Sorry for the inconvenience and slight delay.

p.
Q7
sr. member
Activity: 448
Merit: 250
September 14, 2015, 07:25:51 AM
#26
Current direction it is heading towards, i can imagine it would fail big time. When it was supposed to be the greatest invention ever made becomes an epic flop.
legendary
Activity: 1162
Merit: 1007
September 14, 2015, 06:45:35 AM
#25
Great presentation.

Thanks!  I just hope it gets put back up on YouTube.
legendary
Activity: 1442
Merit: 1016
September 14, 2015, 04:18:41 AM
#24
Have fun trying to keep bitcoin decentralized with a blocksize big enough to keep all transactions, no matter what, on chain and with micro fees. This is unfortunately a pipe dream.

Indeed. I guess many do not realize the number of transaction and block sizes that would be involved.

Just to handle the transactions from Starbucks you would need 10 MB block size on average, and 100 MB to handle rush hours without too much lag. That's a single company, a global one, but just one.

We don't have to take every single transaction on chain. I think everybody will agree that this is almost impossible. So solutions like payment channels (Lightning Network) and sidechains are needed no doubt.
However we can raise the Blocksize up to a certain level. What is speaking against an increase to 2 or 4MB and then continue with an increase which grows equally as technological progress?
sr. member
Activity: 338
Merit: 253
September 14, 2015, 04:16:53 AM
#23
Peter Rs presentation was very good, but I think that pun about blockstream is completely unnecessary.

Do you know the difference between a pun and a metaphor?
legendary
Activity: 1442
Merit: 1016
September 14, 2015, 04:11:41 AM
#22
sounds potentially fishy. let's keep an eye on the situation.

You're right.If there is one thing out there I hate most it is censorship! Definitely very fishy imo.Not good at all!
legendary
Activity: 1100
Merit: 1032
September 14, 2015, 04:06:35 AM
#21
Have fun trying to keep bitcoin decentralized with a blocksize big enough to keep all transactions, no matter what, on chain and with micro fees. This is unfortunately a pipe dream.

Indeed. I guess many do not realize the number of transaction and block sizes that would be involved.

Just to handle the transactions from Starbucks you would need 10 MB block size on average, and 100 MB to handle rush hours without too much lag. That's a single company, a global one, but just one.
legendary
Activity: 1162
Merit: 1004
September 14, 2015, 03:58:32 AM
#20
sounds potentially fishy. let's keep an eye on the situation.

"Every post the mods censor, every user they ban, just for disagreeing with the approved perspective, makes us even stronger." (statoshi)
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
September 13, 2015, 11:45:49 PM
#19
"What is needed is an electronic payment system based on cryptographic proof instead of trust"   -Satoshi

P.S. Also, Sprach...
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
September 13, 2015, 09:58:27 PM
#18
sounds potentially fishy. let's keep an eye on the situation.
legendary
Activity: 1162
Merit: 1007
September 13, 2015, 08:48:48 PM
#17
where can i watch the video replay

It was on youtube but it was later removed (along with the other talks for that session).  The videos for all the other sessions have now been posted so this is the only missing session.    

why?

I'm not sure. Some are saying that it was censored; others are saying that there were technical difficulties. What is strange though is that people from the conference said to me personally that it was posted for a while before it was removed.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
September 13, 2015, 07:16:56 PM
#16
where can i watch the video replay

It was on youtube but it was later removed (along with the other talks for that session).  The videos for all the other sessions have now been posted so this is the only missing session.    

why?
vip
Activity: 1316
Merit: 1043
👻
September 13, 2015, 06:39:41 PM
#15
Great presentation.
legendary
Activity: 1162
Merit: 1007
September 13, 2015, 06:11:16 PM
#14
where can i watch the video replay

It was on youtube but it was later removed (along with the other talks for that session).  The videos for all the other sessions have now been posted so this is the only missing session.    

Was there any talk about the BIPs, especially BIP 105 & BIP 106 in the whole session ?

This conference was aimed at presenting research related to scaling bitcoin in order to "set the scene" for future proposals.  The Hong Kong conference is intended to discuss concrete proposals like BIP105, etc.  So, no proposals were presented during PowerPoint talks, or discussed at round tables.  
legendary
Activity: 1662
Merit: 1050
September 13, 2015, 06:03:45 PM
#13
where can i watch the video replay

It was on youtube but it was later removed (along with the other talks for that session).  The videos for all the other sessions have now been posted so this is the only missing session.    

Was there any talk about the BIPs, especially BIP 105 & BIP 106 in the whole session ?
legendary
Activity: 1162
Merit: 1007
September 13, 2015, 05:57:47 PM
#12
where can i watch the video replay

It was on youtube but it was later removed (along with the other talks for that session).  The videos for all the other sessions have now been posted so this is the only missing session.    
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