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Topic: The Barry Silbert segwit2x agreement with >80% miner support. - page 48. (Read 120029 times)

hero member
Activity: 1092
Merit: 552
Retired IRCX God
Nothing says "I want to wastefully spend money I don't have to no other end than to attempt to vainly prove a point" like:
Quote
raise funds to buy/rent hash power to support a UAHF
 Roll Eyes

I rent a lot of hash and almost none of it is wasted on such things as the loss of return a bitcoin rental yields (the circumstances where rental for bitcoin has a positive return are infinitesimal).
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Viabtc threats today that will side mining a bitcoin testnet with big blocks and that will fork and sell this testnet coins if segwit2x agreement fails

https://medium.com/@ViaBTC/uahf-ico-proposal-draft-b962c7e00718
I can't believe that any sane person, acting in the best interest of the network, could make any such decision/create such a proposal. They are either extremely greedy or being controlled by someone else (e.g. PBOC). If these threats continue, it's likely that we are heading for a PoW change in the coming years.

Which pools have not yet added the string into their coinbase?

Satoshi for sure has never predict that miners will act in the future against their own profits. the only protection against that kind of threats is not socialism decisions like a change to pow imo but a more free market choice. I think that this kind of attack can be easy defend from the other competitor miners.
legendary
Activity: 2674
Merit: 3000
Terminated.
Viabtc threats today that will side mining a bitcoin testnet with big blocks and that will fork and sell this testnet coins if segwit2x agreement fails

https://medium.com/@ViaBTC/uahf-ico-proposal-draft-b962c7e00718
I can't believe that any sane person, acting in the best interest of the network, could make any such decision/create such a proposal. They are either extremely greedy or being controlled by someone else (e.g. PBOC). If these threats continue, it's likely that we are heading for a PoW change in the coming years.

Which pools have not yet added the string into their coinbase?
legendary
Activity: 3512
Merit: 4557
Well, that escalated very fast with those miners signaling Segwit2x. I think Segwit2x will be the compromise that makes everyone happy.

I'm gonna buy a bottle of Bacardy rum when this long-term scaling debat has come to an end.
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Viabtc threats today that will side mining a bitcoin testnet with big blocks and that will fork and sell this testnet coins if segwit2x agreement fails

https://medium.com/@ViaBTC/uahf-ico-proposal-draft-b962c7e00718

lol
hero member
Activity: 1092
Merit: 552
Retired IRCX God
What's also amusing is the corresponding drop in transactions back to normal basal levels again now that all those pools are in agreement about what to do next. This adds circumstantial evidence that someone was injecting all that shit into the transaction biosphere to make it look like there was a transaction volume crisis there that didn't exist.
Not saying that I think it was them, but logic dictates that Core dev's primary fiduciary duty is to Core (and keeping it relevant) and Bitcoin must come after that.  Lips sealed
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
What's also amusing is the corresponding drop in transactions back to normal basal levels again now that all those pools are in agreement about what to do next. This adds circumstantial evidence that someone was injecting all that shit into the transaction biosphere to make it look like there was a transaction volume crisis there that didn't exist.
sr. member
Activity: 443
Merit: 260
I am only glad that finally someone is doing something and "we" are not just talking until the world ends Wink

Segwit Implementation sometime before August 1st seems like a done deal so the UASF is basically moot.

Then if hashrate keeps supporting the 2 MB hard fork this will also happen.

And yes: now the bad bad miners are activating SegWit and not good core, but well .... Core just couldn't do it, so get over it Wink
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
Unlocked since the original discussion is still relevant.

I'm going to call it now, segwit2x will be responsible for activating segwit at last due to overwhelming miner support, BUT great thanks to James Hilliard for introducing them to BIP91 which makes segwit2x compatible with the other segwit activations.

Watch this for the very rapid rise in segwit2x support that will happen fast now:
https://coin.dance/blocks

Segwit may well get a miner activated soft fork before BIP148's UASF which remains in limbo in terms of meaningful support but seems to have had the desired effect of forcing miners' hands in one way or another.

What happens after segwit though is a mystery, but there is enough miner hashrate support for 2MB that it might happen too.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
What the progress of solutions to the stalemate are and what the current state of support, likelihood of acceptance and so on...
I'm not sure that conversation can be had in an environment where discussing the misconceptions/opinions of what is/isn't a "solution" is verboten.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
Like I said earlier, I don't want to see this thread turn into another pointless flamewar with everyone posting their own opinions about segwit/core/blocksize/BU/Ver/classic/XT/fuckme . Stick to the topic please.
OK, so (given what you deleted) the topic isn't about the long-term scalability and usefulness (or lack thereof) of segwit (and thus the crux of the agreement); what is the topic?   Huh
What the progress of solutions to the stalemate are and what the current state of support, likelihood of acceptance is and so on... There are plenty of flamewars elsewhere to discuss people's personal opinions regarding the rest.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
Like I said earlier, I don't want to see this thread turn into another pointless flamewar with everyone posting their own opinions about segwit/core/blocksize/BU/Ver/classic/XT/fuckme . Stick to the topic please.
OK, so (given what you deleted) the topic isn't about the long-term scalability and usefulness (or lack thereof) of segwit (and thus the crux of the agreement); what is the topic?   Huh
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
Like I said earlier, I don't want to see this thread turn into another pointless flamewar with everyone posting their own opinions about segwit/core/blocksize/BU/Ver/classic/XT/fuckme . Stick to the topic please or I'll just delete your posts.
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Bitcoin Unlimited.
We all agree that this code is crap.

Well, no. We do not all agree that BU code is crap. It has had some high-visibility bugs. All SW has bugs. The amount of detected bugs has been in inverse proportion to the size of the team. As is normal.

It is certainly possible that there are more critical bugs that will be exposed within the BU codebase over time. However, it is the only codebase in somewhat wide distribution that implements easily user-settable maxblocksize. As such, it is the only codebase that has a chance of solving the current scaling defect.

Right now, the largest bug in the entire Bitcoin sphere is the limit on transactions per unit time. BU solves Bitcoin's biggest bug. Permanently. And it is the only codebase which does so.

is normal?

Yes. If you knew anything about code development, you would already know this.

Quote
and why this "normal" situation never happen to bitcoin core until now.

It has.

Quote
Can i ask you guys where i can apply to get payment like all of you? because only payed ppl will say this bullshits like nothing happens.

If I knew where to get paid for advocating what I already believe, I'd be getting paid for advocating what I believe. My payment is in the appreciation of my Bitcoin holdings. Or at least preventing the market collapse of my Bitcoin holdings.

and you promote a stall situation from miners that for sure will collapse bitcoin value. And you try to believe you?
I bet that you dont have a single bitcoin.
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Bitcoin Unlimited.
We all agree that this code is crap.

Well, no. We do not all agree that BU code is crap. It has had some high-visibility bugs. All SW has bugs. The amount of detected bugs has been in inverse proportion to the size of the team. As is normal.

It is certainly possible that there are more critical bugs that will be exposed within the BU codebase over time. However, it is the only codebase in somewhat wide distribution that implements easily user-settable maxblocksize. As such, it is the only codebase that has a chance of solving the current scaling defect.

Right now, the largest bug in the entire Bitcoin sphere is the limit on transactions per unit time. BU solves Bitcoin's biggest bug. Permanently. And it is the only codebase which does so.

is normal? and why this "normal" situation never happen to bitcoin core until now. Or to be more specific why bitcoin core has not 5 critical software failures in only one month?Huh
Can i ask you guys where i can apply to get payment like all of you? because only payed ppl will say this bullshits like nothing happens.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Bitcoin Unlimited.
We all agree that this code is crap.

Well, no. We do not all agree that BU code is crap. It has had some high-visibility bugs. All SW has bugs. The amount of detected bugs has been in inverse proportion to the size of the team. As is normal.

It is certainly possible that there are more critical bugs that will be exposed within the BU codebase over time. However, it is the only codebase in somewhat wide distribution that implements easily user-settable maxblocksize. As such, it is the only codebase that has a chance of solving the current scaling defect.

Right now, the largest bug in the entire Bitcoin sphere is the limit on transactions per unit time. BU solves Bitcoin's biggest bug. Permanently. And it is the only codebase which does so.
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Miners are completely fools imo. There are so stupids that they are not only act against their own proftis but against their economical future survivor.
If they had activate segwit bitcoin will be much higher in price and bitcoin ecosystem will ha a huge innovation atm.  And innovation means money to everyone especially startups and miners. He will be even in e much better position for a hard fork future proposal.
But what choose this "brilliant" mind? to stall bitcoin and risk a not consensus fork that will create an economical disaster to the whole bitcoin ecosystem.
Especially Bitmain will hit hard from this economical collapse because is one of the Bitcoin mining startups that are heavily exposed to bitcoin ecosystem. They have invest huge amount of money to bitcoin startups and of course to btc mining.


https://twitter.com/JihanWu/status/868896110760181760

"You will find that the canonical block is less than 1MB but your tx fee is so high, after SegWit is activated. SegWit tx is unfairly cheap"
-Bitmain's super clever CEO Jihan Wu.

Jihan is a brainless moron who is after the fee income and nothing else. They want 8mb blocks because there will be x8 more transactions and x8 more people using bitcoin. (in theory) That means x8 more fee income. They are only after that. They think nothing else.

I can't and I will never respect a moron like him.

His moronic buddy Roger Ver is no different than him https://www.youtube.com/watch?v=TIA8w5tfr70&t=2122s

He is a shopkeeper and don't have a basic knowledge about decentralization/economics/coding. A fucking shopkeeper whos after more customers.

2 fools > 1 fool. You both have the reasons bitcoin is stagnating precisely backwards. Segwit is not a scaling solution, it forces people onto sidechains (it's specifically what Blockstream's business plan and prospectus says). Blocksize was supposed to be increased years ago, it didn't happen because the current trollish core devs took over the project from the original devs. Miners could care less about fees - the block rewards are still many times what they collect in fees. Most sane people want bitcoin to grow, but not Blockstream and core - they want blocks to be full to force people into their (second-rate) second-tier solutions. It's not working. All it's accomplished so far is a massive erosion of Core's credibility, loss of bitcoin's dominance, and a huge bubble in the altcoin space.

Oh, and it got a bunch of people all butthurt.


yeah again blockstream conspiracy theory.
Blockstream has activate this tech to all of that altcoin heh? lol

Litecoin
Groestlecoin
Syscoin
Digibyte
Viacoin
Vertcoin
NAV coin

and all of them works without a single problem...because blockstream told them :evil: Cheesy
hero member
Activity: 686
Merit: 504
Miners are completely fools imo. There are so stupids that they are not only act against their own proftis but against their economical future survivor.
If they had activate segwit bitcoin will be much higher in price and bitcoin ecosystem will ha a huge innovation atm.  And innovation means money to everyone especially startups and miners. He will be even in e much better position for a hard fork future proposal.
But what choose this "brilliant" mind? to stall bitcoin and risk a not consensus fork that will create an economical disaster to the whole bitcoin ecosystem.
Especially Bitmain will hit hard from this economical collapse because is one of the Bitcoin mining startups that are heavily exposed to bitcoin ecosystem. They have invest huge amount of money to bitcoin startups and of course to btc mining.


https://twitter.com/JihanWu/status/868896110760181760

"You will find that the canonical block is less than 1MB but your tx fee is so high, after SegWit is activated. SegWit tx is unfairly cheap"
-Bitmain's super clever CEO Jihan Wu.

Jihan is a brainless moron who is after the fee income and nothing else. They want 8mb blocks because there will be x8 more transactions and x8 more people using bitcoin. (in theory) That means x8 more fee income. They are only after that. They think nothing else.

I can't and I will never respect a moron like him.

His moronic buddy Roger Ver is no different than him https://www.youtube.com/watch?v=TIA8w5tfr70&t=2122s

He is a shopkeeper and don't have a basic knowledge about decentralization/economics/coding. A fucking shopkeeper whos after more customers.

2 fools > 1 fool. You both have the reasons bitcoin is stagnating precisely backwards. Segwit is not a scaling solution, it forces people onto sidechains (it's specifically what Blockstream's business plan and prospectus says). Blocksize was supposed to be increased years ago, it didn't happen because the current trollish core devs took over the project from the original devs. Miners could care less about fees - the block rewards are still many times what they collect in fees. Most sane people want bitcoin to grow, but not Blockstream and core - they want blocks to be full to force people into their (second-rate) second-tier solutions. It's not working. All it's accomplished so far is a massive erosion of Core's credibility, loss of bitcoin's dominance, and a huge bubble in the altcoin space.

Oh, and it got a bunch of people all butthurt.
legendary
Activity: 1098
Merit: 1000
I still get the impression that most of them are running it as a kind of protest vote.  I could be wrong, but I still think this whole sorry mess could have been avoided if developers had placed more commitment on exactly *when* there would be an adjustment to the blocksize, because it's undeniably a large concern for the miners.  I suspect many of them are wary of fees being sapped away by second layers.  We should have off-chain as an option, but shouldn't be driving away too much fee-paying traffic.  

It's all so vague and nebulous at the moment.  SegWit is fine, but it seems clear to me that miners want some certainty and guarantees about the blocksize, not estimates or indeterminate future actions that may never materialise.  You can't pin the delay on SegWit entirely on the miners, it takes two to have an argument.  Both sides need to make some concessions for this impasse to end.  As such, I still think something like this is the way forward.

It's also a concern for some of us users too

If I want to send you a payment all I want to do is enter it in my wallet, press send and pay a reasonable fee. I have no desire to think about whether I do or do not open a channel between us and how much I want to tie up just in case I later decide to send you some more, and the hassle of getting it back if I then change my mind.

It's a hugely complicated solution to a simple problem, increase the bloody blocksize. Yes segwit has a little extra but it's all determined by too many factors that it's not going to make much difference.

Segwit + 2MB sounds ok at first thought, but it seems to me that Devs have fought tooth and nail against increasing the blocksize, we are only at this compromise point now because of the miners pressure. But what's going to happen down the road, once devs have segwit then pools have nothing to bargain with and before too long, those new 2MB blocks are going to be full and the fees will be high again, at that point the chances of any further increases in the blocksize are pretty much zero so high fees will be here to stay and it will only get worse, at that point you will only have 2 choices

1. On Chain, High Fee
2. Off Chain, Still High (But not as high as above)

Oh there may be various off chain solutions competing to get your transactions and offering a decent price at first, but as sure as eggs are eggs the number will diminish and the prices will rise, it seems that people cry about centralisation of one thing, and ignore the centralisation of another.

I'm not anti-segwit or against off chain scaling, like you I think it should be an option for those that find it useful, I can't think of why I personally would need to use it, but there may be a reason in the future, so bring in segwit but I want a one time solution at the same time, not a sticking plaster and kicking a can down the road.

Bigger blocks are the solution, but core doesn't want them and pools don't want them, I have just read your linked post (sorry should have done it first), yes that's a compromise I'd be more than happy with, but sadly I don't see either side agreeing because both sides aren't after that (but I could be wrong).
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
bitcoin market loose share from miners ridiculous actions. Has no logic for them to continue to stall bitcoin especially from miners like Bitmain that are heavily exposed economical to bitcoin space.
For what happen now show and the quality of this guys. There are so stupids that they not even understand that act against their own profits.

I thought as a community we might have moved beyond this point by now.  Why is it always the first thought that comes into someone's head to insult the miners and question their intelligence?  I don't see groups of miners storming into threads and making disparaging generalisations about node operators and their preferences towards scaling.  It just doesn't happen.  So why do you think it's okay for you to constantly make disparaging generalisations about them?  Either you respect the fact they can choose to run whatever software they like, or you can fork away and "enforce" your preferences on your own minority chain, much like you're probably going to do with BIP148 anyway.  Some would argue that trying to turn Bitcoin into some sort of perverted oligarchy of <1000 nodes is acting against your own self interests and a bit stupid, but hey, whatever floats your boat.  Have fun.

i am not support UASF if it is a minority. I only support common sense and the common sense says that the most trust scaling solution atm is segwit. A reminder to everyone is that this Miners support until now the most crap software as a solution and replace of core. And i talk about Bitcoin Unlimited.
We all agree that this code is crap. And you talk to me about the intelligent of miners after that? lol Cheesy

I still get the impression that most of them are running it as a kind of protest vote.  I could be wrong, but I still think this whole sorry mess could have been avoided if developers had placed more commitment on exactly *when* there would be an adjustment to the blocksize, because it's undeniably a large concern for the miners.  I suspect many of them are wary of fees being sapped away by second layers.  We should have off-chain as an option, but shouldn't be driving away too much fee-paying traffic.  

It's all so vague and nebulous at the moment.  SegWit is fine, but it seems clear to me that miners want some certainty and guarantees about the blocksize, not estimates or indeterminate future actions that may never materialise.  You can't pin the delay on SegWit entirely on the miners, it takes two to have an argument.  Both sides need to make some concessions for this impasse to end.  As such, I still think something like this is the way forward.
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