Topic: ToominCoin aka "Bitcoin_Classic" #R3KT - page 111. (Read 157137 times)

No, this is how you do it.

#UNR3KT

its not about free transactions. in 20 years i too expect miners to be paid fairly for their work. but it needs to be affordable. and scaling needs to start sooner to allow for slow growth over 20 years to then be viable for miners to get a nice payday for their work. rather than a mad rush when the usability bubble is about to burst.

EG if you small blockers want to stick to 1mb, then miners will want $2.50 per transaction in 20 years just to get the $10,000 a block based on 4000 tx's(like the $10,000 they get thanks to the block reward today)

bitcoin needs to scale to allow more transactions when needed.. like a buffer to allow growth, rather then bottle-necking to cause a demand fee rise. and then only change when the bubble is about to burst.

much easier to have a 2mb buffer sooner, to allow 4001 transactions of 8000 buffer.. and then when miners are comfortable with the milisecond extra processing time for that extra tx. they try 4002, then 4003, slowly over time, rgow when they are comfortable processing more... because miners are not going to throw 8000 transactions(1.999mb) into their processing time straight away. thats just illogical doomsday scenarios that doesnt benefit miners. and is just the crappy hypothetical that trolls use to misdirect people into thinking growth is bad..

only when miners are happily near the 8000tx average in a few years due to comfortable slow growth, then the block limit rise debate can be debated again.

all the meandered debates that dont address growth in a different manner than blockstreams plans to get everyone over to their liquid alt.. is just boring waffle that doesnt inspire bitcoin growth and just distracts people from code change debate.. which i know you love baiting and switching, not only in debate, but also in future plans.

but i do love how you say bitcoin can cope.. while at 90% transaction capacity (false pretense there is 10% buffer free to expand) yet less publicly there is 900% second class(not priority) waiting in the wind(mempool) for hours. which debunks your attempts to say bitcoin can cope.

wouldn't you rather have bitcoin actually do its job properly and actually process transactions in a timely manner because they have more capacity as a buffer to allow for growth?.... or is it all about the profits from screwing people over that interests you, while you hold your bag of 'liquid' that you want to be priced at $400 a pop, while slowly killing off bitcoin

That doesn't make me a "greedy banker."  Rather, it makes me one who realizes the One True Holy Blockchain can keep the bankers' potentially-useful natural greed in check, by ensuring transparent and honest financial institutions.

I've always known the destiny of private-sector digital currency (eventually/ultimately to be known as "Bitcoin) is to replace central banking, by acting as an easily auditable 'digital gold' mother-of-all-settlement-networks.

Hal Finny said so 5 years ago.  Where have you been?  Do you think Bitcoin is here to replace commercial banking?  Or make it more profitable when parasitic start-ups resell expensive, externally-subsidized blockchain real estate to impress their institutional backers?

Do you think this is about replacing fucking Apple Pay and fucking Square hipster/yuppie/Person-of-Walmart consumer quotidian bullshit?   

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Then consider the possibility you "FREE TX 4EVA" Tooministas are useful idiots for the R3 darkside, or, GTFO n000b!

WOW, that is a shocker.. now icebreaker sounds like a greedy banker.. i guess he has moved over to the R3 darkside

happy that centralised exchanges who send large amounts of 10k coins can be sent in one go but completely ignores that 5000+ PEOPLE (separate transactions) may want to use their funds at the same time.. but cant

https://np.reddit.com/r/Bitcoin/comments/42e551/25_billion_worth_of_bitcoin_transactions_verified/

You can preach in public all you want to and simply confuse the people even more than they already are. There are so many completely incorrect views in this thread being presented as the gospel who's to say which one the general public will latch on to as their own. All the preaching in the world from people not in control will have very little to do with the decisions that are made. Bitcoin is a financial tool. Financial decisions are typically made by those who have the greatest stake in the game. None of those groups are here.

But I do understand where you're coming from and I suppose it's better to have general discussions in public as opposed to hidden on the TBF forum.

I have been thinking about this a lot lately. And I don't know if I would continue with cryptocurrencies if Bitcoin forks without consensus.
It would show that mob rules and what's stopping them from forking other cryptocurrencies?

You couldn't be any more wrong.

The power in money is part functional, and part belief. The functional has/is been/being taken care of, but the belief is a person to person phenomenon. Attempts at leading popular hardforks from third-parties to the Bitcoin dev team require commensurate popular support: belief. It's such an important aspect of what gives money it's value, and it's pliable in the defining stages of a new money. So, a bit of rhetorical discourse in public will thrash the issue out quite well, I would say. Shows the context to those who don't talk publicly, but use public forums for information anyway.

Is anyone in this thread in a position of power with the ability to change the outcome of this heated discussion? Here's a clue:

Are you a developer in the group capable of coding the changes that determine the direction of Bitcoin? No, then you have no power.

Are you the responsible party controlling one of the large mining farms? No, then you have no power.

Are you the head of one of the Bitcoin mega corporate businesses that pay developers and have inside connections in the Bitcoin space? No, then you have no power.

You're all beating your heads against the wall created by your opponents for no reason. Vote with your feet. Wait for the outcome and leave Bitcoin for something else if you don't agree with it.

Forking competition is not the ideal route.  But if cooperation proves to be impossible, what is the alternative?

the downfall of altcoins: now they just pretend being bitcoin.

... cause "governance reasons"

No, adding competing versions of the consensus rules devalues the network/currency, due to the uncertainty about how the currency might change in the future. Why do you keep pushing a destructive idea, simultaneously selling it not as destructive, but as a solution?

Just your everyday Bitcoin life.

It seems that having an exchange of ideas without attacking someone is a challenge for you.

Yes centralization has been a working governance model for open source projects
but Bitcoin is a different animal. Consensus on protocol rules
is needed.  In other open source projects, if people wanted to run their own
version they could do so largely without affecting others.   Given this
requirement of everyone having to have the same rules, new challenges
in governance emerge.

When did you ever say anything through the centre of your mouth? Centralisation is the working governance model for open source software projects, no less so for a consensus driven network such as Bitcoin.

This "decentralise everything down to your fingernail fungus" bleeting has got to stop Jonald, or I'm going to insist on you decentralising your Bitcoin holdings to your fellow decentralists. And your wife/girlfriend, give it up jonald, we'll have no more of your centralising nonsense now!

When did I ever say that?

but i await your apology, which took a month for you to be proven wrong.. even when you said weeks ago you spoke to all those involved to get your facts right we soon learned you still lacked the full understanding and that it took until only a few days ago for you to ask the right questions.. and be told even by those involved that my mindset was correct

so i am actually happy you now know more then last month.. but now its time you cool off the attitude and pretending everyone is wrong.. even after they proved the opposite..

And the perfect governance model is democracy?
Yeah right, let me know how that works out for ya.