[SHOCK] Core dev and Blockstream employee tells bitcoin users to use fiat! - page 6.

leopard2

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Quote from: jonald_fyookball on June 03, 2017, 07:53:18 PM

Quote from: Decentradical on June 03, 2017, 05:03:20 PM

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.

PoS is inherently subject to cheap grinding attackings.

Vitalik has spent 18+ months on Casper and its still not ready.

Good point.

Well, there is always PPC and LTC to take Bitcoin's place, and they are incredibly cheap right now

Trouble is there is also (ewwww....) cRipple waiting Shocked

digaran

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🖤😏

Dude Franky1 don't you know the world has been ruled either by royal families or random and normal "families" from the Adam and Eve?
I'm just dazzled why LTC is not kicking and rising to the skies?
I'm also having difficulties understanding if not miners+nodes could change the code then who could? I know "devs" propose the change by implementing it into the new version but only miners+nodes are the ones deciding which proposal to upgrade to.

DoomDumas

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Bitcoin

Calm down folks, Coredev understand that Bitcoin still better than fiat actually.. They wont do things to fast, to be sure that release will be top quality code.. that's what I expect from them..

Enjoy the ride and keep calm Cheesy

Zadicar

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DGbet.fun - Crypto Sportsbook

Quote from: Sadlife on June 03, 2017, 08:27:13 PM

High fees will continue as long as the miners doesn't have any consensus if this miners really want to increase the blocksize so everyone in bitcoin network will be happy but i guess they're enjoying the high fees because it is much more profitable for them.
What's the point of UASF then, it is a plan to keep the users from believing that it will activated someday which is most likely will not. I think if they feel like it to implement segwit they can do it immediately without without any need of consensus.

We dont know whats actually on their minds regarding on increasing blocksize either they would remain that way or been changed for the goodness of bitcoin users. You do have make a point that they will not activate it because they do love to milk bitcoin users who do love on making transfers.Imagine that fees do really already hurt its users-correct me if im wrong since ive been experiencing it already. Changes are always welcome if this thing would remain i think there would be good alternative.

Sadlife

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High fees will continue as long as the miners doesn't have any consensus if this miners really want to increase the blocksize so everyone in bitcoin network will be happy but i guess they're enjoying the high fees because it is much more profitable for them.
What's the point of UASF then, it is a plan to keep the users from believing that it will activated someday which is most likely will not. I think if they feel like it to implement segwit they can do it immediately without without any need of consensus.

franky1

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Quote from: chek2fire on June 03, 2017, 07:40:29 PM

if you know greek wou will find easy what i post in altcoin section. Only to warn ppl about the tech scams and nothing more.
But as i say there are a bunch of charlatans around bitcoin that they think that with btc collapse their shitcoin will take it place.
this is and the main reason why this ppl so easy pump completely broken tech proposal as BU, BitcoinXt or bitcoin classic and do whatever they can to toxic and split bitcoin community.
Your agenda is not hidden anymore. But you payed for it. Other do this free.

lol
more reddit scripts.. if you think bitcoin XT, classic, nbitcoin, btcd, BU are altcoins.. then you really need to adblock reddit.com.. you have been falsely advertised crap propaganda..

they are bitcoin implementations not altcoin implementations.
they dont even have code that are staged to cause an altcoin..

however UASF is staged to create an altcoin..

have a nice day

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Decentradical on June 03, 2017, 05:03:20 PM

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.

PoS is inherently subject to cheap grinding attackings.

Vitalik has spent 18+ months on Casper and its still not ready.

chek2fire

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Quote from: franky1 on June 03, 2017, 07:32:33 PM

Quote from: chek2fire on June 03, 2017, 07:25:51 PM

is this yours??

Bitcoin Discussion       10632
Service Discussion       345
Speculation                326
Off-topic                   225
Altcoin Discussion         214

10632 vs 214

also i havnt posted in altcoin in years

have a nice day

is this yours
Bitcoin Discussion 728
Altcoins (Eλληνικά) 513

728 vs 513

if you know greek wou will find easy what i post in altcoin section. Only to warn ppl about the tech scams and nothing more.
But as i say there are a bunch of charlatans around bitcoin that they think that with btc collapse their shitcoin will take it place.
this is and the main reason why this ppl so easy pump completely broken tech proposal as BU, BitcoinXt or bitcoin classic and do whatever they can to toxic and split bitcoin community.
Your agenda is not hidden anymore. But you payed for it. Other do this free.

franky1

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Quote from: chek2fire on June 03, 2017, 07:25:51 PM

is this yours??

Bitcoin Discussion       10632
Service Discussion       345
Speculation                326
Off-topic                   225
Altcoin Discussion         214

10632 vs 214

also i havnt posted in altcoin in years

have a nice day

is this yours
Bitcoin Discussion 728
Altcoins (Eλληνικά) 513

728 vs 513

chek2fire

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Quote from: franky1 on June 03, 2017, 07:18:16 PM

Quote from: chek2fire on June 03, 2017, 07:08:55 PM

and for sure you are new here and you dont even understand how blockchain works. Even the beloved from BU supporters Ethereum system collapse before two days after heavy load of onchain transactions or better smart contracts. Now Vitalik talk about scaling through Lighting network.
If you want to break bitcoin follow the opinion of the ppl that have no idea about tech as is Roger Ver, Jihan Wu and every charlatan around bitcoin that pump their ridiculous ideas.
If you have time try to find the post history of every person that is against bitcoin developers and pump this ridiculous tech ideas like BU or whatever.
You will be surprise when you find that all of them are also shitcoin supporters or worst scamcoin supporters.
My advice is for you to wake up.

gmax - monero in his profile
DCG - zcash, ethereum, litecoin investors
bobbylee(BTCC) - litecoin lover
segwit support pools - merge mining altcoins

but the real thing i find funny is that while only a third of the community want segwit..
hell even the pools that pushed litecoin to adopt segwit are not even using sgwit keypairs for their block rewards..

these segwit 'lovers' are the people that repeat the same buzzwords
"jihan/bU/riger" as if only 2 people are against segwit...
anyone who's buzzwords jihan/bu/roger are just reddit script readers of fud. who lack doing real research and probably have not read a single line of segwit code to understand what 'promises' will actually be met.

anyway..
if anyone really wants to know why Luke JR loves the "just pay more" mantra.
if anyone really wants to know why Luke JR loves the "if you dont like the roadmap f**k off mindset

his income comes from fee's and merge mining altcoins

is this yours??

franky1

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Quote from: chek2fire on June 03, 2017, 07:08:55 PM

and for sure you are new here and you dont even understand how blockchain works. Even the beloved from BU supporters Ethereum system collapse before two days after heavy load of onchain transactions or better smart contracts. Now Vitalik talk about scaling through Lighting network.
If you want to break bitcoin follow the opinion of the ppl that have no idea about tech as is Roger Ver, Jihan Wu and every charlatan around bitcoin that pump their ridiculous ideas.
If you have time try to find the post history of every person that is against bitcoin developers and pump this ridiculous tech ideas like BU or whatever.
You will be surprise when you find that all of them are also shitcoin supporters or worst scamcoin supporters.
My advice is for you to wake up.

gmax - monero in his profile
DCG - zcash, ethereum, litecoin investors
bobbylee(BTCC) - litecoin lover
segwit support pools - merge mining altcoins

but the real thing i find funny is that while only a third of the community want segwit..
hell even the pools that pushed litecoin to adopt segwit are not even using sgwit keypairs for their block rewards..

these segwit 'lovers' are the people that repeat the same buzzwords
"jihan/bU/riger" as if only 2 people are against segwit...
anyone who's buzzwords jihan/bu/roger are just reddit script readers of fud. who lack doing real research and probably have not read a single line of segwit code to understand what 'promises' will actually be met.

anyway..
if anyone really wants to know why Luke JR loves the "just pay more" mantra.
if anyone really wants to know why Luke JR loves the "if you dont like the roadmap f**k off mindset

his income comes from fee's and merge mining altcoins

chek2fire

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Quote from: 25hashcoin on June 02, 2017, 11:39:11 AM

Users complaining about high bitcoin fees....Core dev and Blockstream worker Lukejr mocks them and tells them to "just use fiat". https://np.reddit.com/r/Bitcoin/comments/6ereib/these_fees_are_unacceptable/dicq95v/

These are the people responsible for stalling bitcoin. These are the people we are trusting to let bitcoin grow into mainstream.

If you seriously haven't realized the BlockstreamCore is attempting to overthrow bitcoin and constrict the blocksize forever to turn it into a settlement only system then I seriously feel sorry for you.

The BlockstreamCore devs do not understand the purpose of bitcoin which is peer to peer cash. The have been compromised from $55 million from AXA from the former Bilderberg chairman.

Wake Up!!! Angry

and for sure you are new here and you dont even understand how blockchain works. Even the beloved from BU supporters Ethereum system collapse before two days after heavy load of onchain transactions or better smart contracts. Now Vitalik talk about scaling through Lighting network.
If you want to break bitcoin follow the opinion of the ppl that have no idea about tech as is Roger Ver, Jihan Wu and every charlatan around bitcoin that pump their ridiculous ideas.
If you have time try to find the post history of every person that is against bitcoin developers and pump this ridiculous tech ideas like BU or whatever.
You will be surprise when you find that all of them are also shitcoin supporters or worst scamcoin supporters.
My advice is for you to wake up.

The One

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Quote from: mining1 on June 03, 2017, 06:18:01 PM

The network will never be " entirely cripled " with ~50$ average fees. Because, by then, bitcoin will either massively scale both onchain and offchain or die/ be replaced.

@franky1 i've seen you really trying to "fight" for btc. Do you really risk everything hoping bitcoin will eventually scale, or are you diversified ?

It's to late to diversify as all altcoin have been pumped up. I hedged myself in the beginning of the year. Taken profit and kept some altcoins just in case. If they were to get dumped then i would lose nothing. To diversify now would be far more risky than 4 months ago.

franky1

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Quote from: mining1 on June 03, 2017, 06:18:01 PM

The network will never be " entirely cripled " with ~50$ average fees. Because, by then, bitcoin will either massively scale both onchain and offchain or die/ be replaced.

@franky1 i've seen you really trying to "fight" for btc. Do you really risk everything hoping bitcoin will eventually scale, or are you diversified ?

i never been interested in altcoins. last time i touched them was probably 2013.

my business, my hoards are in bitcoin. and when travelling i talk about bitcoin, not the crap coins.
though im highly invested in bitcoin. i can see rationally passed my own 'value' and see things from the prospective of third world countries and i do see and respect their objections they find when they try using bitcoin.

too many people compare bitcoin to the most expensive western service they can think of..
rather than the standard everyday things people use around the world.
EG do you think that developing countries pay $2 for every time money changes hands.. no
does it actually cost $2 for every time money changes hand in any country.. no
but stupid fools will still find the most expensive use-cases and try to say bitcoin is better than X
even while they ignore A-W which is cheaper/free

i also see the positioning of certain cartels and see where things could end up steering towards if things continue down blockstreams one way street
(litecoin seems to be the direction flow (coblee->coinbase)(DCG->coinbase)(merchant tools->coinbase->ltc) seems more obvious than others)

yea we have gmax with his monero adoration. but i dont see that being next in line.
yea we have many cartel with zcash adoration. but i dont see that being next in line.

worse comes to worse ltc replaces btc as the 'merchant' accpting currency which ends up changing the paradigm.
but i still feel we shouldnt just let blockstream and barry silbert(dgc) cartel lead bitcoin down the one way street they have been since 2014

and we shouldnt give in to people who want splits and altcoins
and we shouldnt give in to fools who just shout "just f**k off"

mining1

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The network will never be " entirely cripled " with ~50$ average fees. Because, by then, bitcoin will either massively scale both onchain and offchain or die/ be replaced.

@franky1 i've seen you really trying to "fight" for btc. Do you really risk everything hoping bitcoin will eventually scale, or are you diversified ?

franky1

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Quote from: The One on June 03, 2017, 09:11:27 AM

Agree.
Agree depending on the ATM.
Disagree as transaction cost are added on the cost of good/services. One pays indirectly... sorry, playing semantics here.

the 'transaction costs are added on the cost of goods and services'

lol actually you will finds this to be an OLD misconception.
by the way if you think Visa charge 2.5% tx fee to merchants. you have been reading the fud. of try to find the most expensive examples of jst smal user cases and exaggerate it into sounding like every usercase.

things like paypal and applepay are not Visa. so yea using paypal will cost people money. but im talking about using FIAT not these middle men crap

same goes for ATM's... the ATM's that charge are not bank ATM's they are middlemen serviced ATM's. but im talking about using FIAT not these middle men crap

but basically.. paying $2 just t buy anything.. is expensive.
and dont turn it into "not if your buying a lamborghini" argument..

$2 is 40 hours labour in some countries. yep a bitcoin tx is more expensive then someones weekly wage in many countries

Decentradical

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Quote from: franky1 on June 03, 2017, 05:15:09 PM

Quote from: Decentradical on June 03, 2017, 05:03:20 PM

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.

the value of an address does not suddenly change the security of an address!!!!

It changes the weight in the consensus. That's what we are (at least I am) talking about here, the cost of performing a 51% attack against the network. I don't know what else you mean when you refer to 'security'. Are there other possible ways to mess with the network?

franky1

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Quote from: Kabul on June 03, 2017, 11:59:05 AM

so that means we can not trust bitcoin anymore, right? we should move on to the new cryptocurrency or something that can replace bitcoin as a new type of online payment and online currency. Am I correct?

"move on" - no...
we should kick out the dev's that are trying to ruin bitcoin..
but soo many people are ass kissing devs.. because devs are offering false promises of discounts, and false promises that one day nodes can get paid. that nodes are being sheep herded into the wolfs pen and not realising they have been led astray.

false promotion one (retail analogy)
walmart: " in 6 months we are going to do a 75% discount on icecream... "
reality: month 1-5 increase icecream by 2000%. and then the offer at the 6th month becomes 500% instead of 2000% of old prices

false promotion two
use our loyalty debit card service and get cashback just for using it instead of paying cash
reality: lots of people put funds into the loyalty debit card and are charged a 500% transaction fee eachmonth to keep the card active.. and find out that the 'cashback' is only available on bulk items that only a select few people get to grab.

franky1

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Quote from: Decentradical on June 03, 2017, 05:03:20 PM

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.

the value of an address does not suddenly change the security of an address!!!!

if you think the ECDSA security becomes magically stronger if someone has 0.1btc compared to someone else who only has 0.001btc. is foolish
ECDSA doesnt become more secure the more value you add

..

PoS is less about security and more about "i wanna get paid to keep my computer on"

the way people should be thinking of is. "if i secure the blockchain by validating blocks, i get rewarded by my holdings value increase"

in short you can hope to turn 0.1 into 0.1001 by ding PoS .. but if that system is not as secure.. that 0.1001 Value can decrease even if the count of satoshis increase

Decentradical

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To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.

Topic: [SHOCK] Core dev and Blockstream employee tells bitcoin users to use fiat! - page 6. (Read 6040 times)