things are reaching a boiling point - page 2.

gentlemand

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Quote from: iamnotback on April 02, 2017, 04:41:29 AM

Bitcoin will never scale without Litecoin. No significant protocol changes will ever be made to Bitcoin. Bitcoiners need to get this nailed into their thick skulls. Read the following:

Bitcoin will achieve maximum value by enabling SegWit on Litecoin. There is no other option going forward. The above linked post explains why in detail.

How would this be possible without some type of protocol change that allows stuff such as atomic swaps? Without that the chains are stuck as separate entities.

iamnotback

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While some of you waste your time trying to figure out what all the irrelevant noise of signaling on Bitcoin doesn't mean, the reality is something that will require re-orienting your thinking.

Bitcoin will never scale without Litecoin. No significant protocol changes will ever be made to Bitcoin. Bitcoiners need to get this nailed into their thick skulls. Read the following:

https://bitcointalksearch.org/topic/m.18424568

Bitcoin will achieve maximum value by enabling SegWit on Litecoin. There is no other option going forward. The above linked post explains why in detail.

Bitcoin was designed by Satoshi such that the vested interests would be that no one can change the protocol. No change is ever coming to Bitcoin. The sooner you realize this, the sooner we can get unstuck from the mud. Those of you who continue to facilitate this illusion of change coming to Bitcoin's protocol are obstacles in the way of progress.

Quote from: iamnotback on April 02, 2017, 04:15:23 AM

Quote from: Taki on April 02, 2017, 04:04:19 AM

Altcoins are good competitors to Bitcoin and I think it just needs it.

Incorrect. Most of the speculation value from altcoins ends up in BTC, not in the altcoins. Altcoins are complementary to BTC. The reason BTC percentage of market cap is diving lately is because Bitcoiners are trying to force protocol changes to Bitcoin, instead of doing it on Litecoin, and so no progress is being made at all. Stuck in the mud.

Bitcoiners need to re-orient their thinking. Read my prior post and click the link and read more.

Marma Kalari

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Quote from: cpfreeplz on April 01, 2017, 09:53:40 PM

The signalling is going to be 100% segwit soon I'm sure. Test them out, see which is best then switch. If it's done with Litecoins it'll be done with bitcoins.

How do you figure out that segwit will be taking over,how do you evaluate these things as i am not sure how to verify those,what i know is litecoin has already activated segwit in its testnet in January and i am glad to see the price of litecoin moving up atleast now ,do they run the segwit in testnet before activating,since i am not aware of these i would like to know about this.

iCEBREAKER

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Quote from: jonald_fyookball on April 01, 2017, 03:08:20 PM

ZOMG things are reaching a boiling point!!!!!!!1111!!

i dont think this is a joke11!!!11!!ONEELEVENTYONE

( *FALSE SENSE OF URGENCY INTENSIFIES, IS STILL FALSE* )

iamnotback

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Quote from: Sadlife on April 01, 2017, 10:30:18 PM

F2pool is signalling many things including segwit and BU

Not on Litecoin. F2Pool is only signaling SegWit on Litecoin.

Quote from: Sadlife on April 01, 2017, 10:30:18 PM

They seem to be testing which code is best for their system. I personally think that there is no need for a fork what we need is to upgrade and secure the bitcoin protocol then how the blocks delay should be fix.

That is what ignorant fools believe.

The signaling on Bitcoin is a diversion designed to fool you (so they can laugh at Bitard maximalists who don't comprehend that Bitcoin will prosper only if Litecoin gets SegWit). The smart people are looking at Litecoin. Nothing will happen on Bitcoin. Nothing.

Sadlife

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F2pool is signalling many things including segwit and BU
They seem to be testing which code is best for their system. I personally think that there is no need for a fork what we need is to upgrade and secure the bitcoin protocol then how the blocks delay should be fix.

megynacuna

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Quote from: Genedarner123 on April 01, 2017, 09:53:34 PM

seriously BU is more than 50% now . It was just around 30% yesterday shit

That's a hell of a joke, thought it was April fools day and you guys were up to some games but if it's indeed passed 50% then that's massive and I hope that's the solution we've all been waiting for.

iamnotback

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Quote from: cpfreeplz on April 01, 2017, 09:53:40 PM

If it's done with Litecoins it'll be done with bitcoins.

Incorrect. <--- the entire thread should be digested

There will be no forks on Bitcoin, other than non-contentious (especially emergency) bug fixes that all relevant economic players in the system agree on wholeheartedly.

Satoshi designed the game theory of Bitcoin's political-economics such that it's protocol can't be upgraded so that it can't be manipulated.

cpfreeplz

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The signalling is going to be 100% segwit soon I'm sure. Test them out, see which is best then switch. If it's done with Litecoins it'll be done with bitcoins.

Genedarner123

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seriously BU is more than 50% now . It was just around 30% yesterday shit

paul gatt

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Hard Fork does not need to happen and it will not happen, it's the statement of a man who topped the world's second largest lake. That's the truth, the statement was made by him, so HF can not happen, Segwit and BU both do not exist, that's just false news, it's not true. Bitcoin core works normally and does not make any changes.

Quote from: d5000 on April 01, 2017, 03:56:31 PM

That's probably only because F2Pool decided to signal both Wink

Until now it seems a April Fools', but let's see what happens in the next hours.

Edit: In China it's already April 2, and F2pool still mining blocks signalling for both options. Maybe they like to confuse us. But with Litecoin they seem to go for Segwit seriously, and they have stated that after testing Segwit there, they probably would also signal it on BTC.

LTC need a much lower percentage of BTCs (75% vs 95%), so I believe it's possible to take them, and they're really serious about it, I agree with your opinion.

iamnotback

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Quote from: andron8383 on April 01, 2017, 07:22:00 PM

BU is for blocking segwit.
Without segwit Bitcoin will slowly loosing dev warfare over alts like ETH and many people will move to ETH till its implode...

I was originally thinking ETH, but there is a new Sheriff in town as of 48 hours ago.

Bitcoin will not move higher in price, until Litecoin catches up.

ETH will also compete with Raiden, but LTC is where the big time action is.

tobacco123

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Quote from: SONG GEET on April 01, 2017, 09:35:45 PM

It is already down to 39% for unlimited and 30% for segwit. There is no point in having less than 95% support to ny of them, one must get 95% to get activated and i dont think anyone can have it in future. This block size debate will not over for decades Grin

You can check the nodecounter.com- BU has just captured more than 51% of the block in the last 24hr (>40% in the last 7 days). Has BU confirmed to activate at 75%?

SONG GEET

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It is already down to 39% for unlimited and 30% for segwit. There is no point in having less than 95% support to any of them, one must get 95% to get activated and i dont think anyone can have it in future. This block size debate will not over for decades Grin

7788bitcoin

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Hope this start to stir things up a bit and force people to make a decision... The sooner this debate is over, the better. BTW, BU has just captured >50% block in the past 24 hours- effect of April fool?

gentlemand

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Let's get April Fools out of the picture first and then reconsider.

I'll only be well and truly impressed when it's 95% signalling for both of them. Come on boys, I know you can all get it done.

andron8383

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Quote from: iamnotback on April 01, 2017, 04:36:33 PM

Who ever mines BU will lose all the money they spent on mining it. So that 50% threshold means nothing. Any fork of Bitcoin will be attacked ruthlessly by those who have enough resources to destroy any miners foolish enough to try.

The large miners/pools know this. The April's fool joke is on anyone who believes that signaling means anything on Bitcoin. It doesn't.

add to all that bugged coin will be used and will be on exchanges then magic will start Cheesy

from dev side attack, miners can lost not only time but even more a mined BTU with some major fail can go to 0 in NO TIME... BU is for blocking segwit.
Without segwit Bitcoin will slowly loosing dev warfare over alts like ETH and many people will move to ETH till its implode...
If ETH won't implode it will move away from BTC then miners will be realy fucked Cheesy

once you lose market and users tasted fast cheap currency expect problems.
BTC won't go on track without any improvments on way.
Increasing/unlocking blocksize its making BTC like alt coin tweek number and go...

iamnotback

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Who ever mines BU will lose all the money they spent on mining it. So that 50% threshold means nothing. Any fork of Bitcoin will be attacked ruthlessly by those who have enough resources to destroy any miners foolish enough to try.

The large miners/pools know this. The April's fool joke is on anyone who believes that signaling means anything on Bitcoin. It doesn't.

d5000

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Quote from: Ayiranorea on April 01, 2017, 04:01:34 PM

This is serious nothing to be related to the April fools. F2pool continue to signal both. At some point it will completely make itself over segwit. So this time the support will be gained by segwit as the growth and price sustainability is going in a perfect track.

But at the same time, they happen to shift Bitcoin Unlimited support above the 50% mark ...

I don't know if this has any effects on other miners, though. As far as I know, the other pools have already stated to which group they belong.

iamnotback

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There are multiple implied messages in this April fool's prank.

1. That Bitcoin is a signaling mess, but Litecoin isn't.
2. That signaling on Bitcoin is a fool's errand, because Bitcoin will never fork because in finance the tail never wags the dog meaning that Satoshi cleverly designed the game theory such that Bitcoin can't fork.
3. That smart money should profit the most on this wisdom, so our ecosystem isn't in the control of fools. SegWit on Litecoin is now at 58% and climbing roughly 1% per hour. Activation at 75%.

Topic: things are reaching a boiling point - page 2. (Read 2828 times)