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Topic: ToominCoin aka "Bitcoin_Classic" #R3KT - page 77. (Read 157137 times)

legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
March 14, 2016, 09:29:22 AM

I guess it makes sense to support Core if you don't understand how Bitcoin works.

I saw the twins in an interview and they are really amazing , one of the elite of bitcoin, but very good people.

They seem to support core and they have intelligently explained why = DECENTRALIZATION.

Unfortunately classic shills cant understand that a 100 petabyte blockchain will not make bitcoin decentralized.

That's so boring.

Nobody outside small blockers mind is talking about a 100 petabyte blockchain.

If we ever need this space that there will be now way around some kind of centralization, be it lightning, sidechains or blocksize. And, to be honest, if we are in this scenario, a big blocksize may be NOT the most centralized vision.

But that doesn't matter. Nobody is talking aboutz 100 petabyte blocks. End of the story.

Like it or not, even when bitcoin's price was at peak actual use of the currency was mostly from underground markets and various unregulated financial activities. Increasing the block size brings a burden to those hosting nodes and doesn't change bitcoin's potential for real world use. Bitcoin as it stands today is bad for purchasing goods, too slow to walk in a bricks and mortar store expecting to use it to securely purchase. something. The changes that would need to be made for those issues to be addressed haven't been thought out yet but increasing the block size doesn't fix any of them. It's likely that a layer using bitcoin as a settlement layer would be more efficient at providing competitive Financial transaction services rather than attempting to fork bitcoin itself. The latter would likely even turn away some of the current users and having the network shrink can only weaken bitcoin.
sr. member
Activity: 687
Merit: 269
March 14, 2016, 09:26:07 AM
They are only now started to planning the actual hard fork.
sr. member
Activity: 409
Merit: 286
March 14, 2016, 09:03:07 AM

I guess it makes sense to support Core if you don't understand how Bitcoin works.

I saw the twins in an interview and they are really amazing , one of the elite of bitcoin, but very good people.

They seem to support core and they have intelligently explained why = DECENTRALIZATION.

Unfortunately classic shills cant understand that a 100 petabyte blockchain will not make bitcoin decentralized.

That's so boring.

Nobody outside small blockers mind is talking about a 100 petabyte blockchain.

If we ever need this space that there will be now way around some kind of centralization, be it lightning, sidechains or blocksize. And, to be honest, if we are in this scenario, a big blocksize may be NOT the most centralized vision.

But that doesn't matter. Nobody is talking aboutz 100 petabyte blocks. End of the story.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
March 14, 2016, 07:29:50 AM

I guess it makes sense to support Core if you don't understand how Bitcoin works.

I saw the twins in an interview and they are really amazing , one of the elite of bitcoin, but very good people.

They seem to support core and they have intelligently explained why = DECENTRALIZATION.

Unfortunately classic shills cant understand that a 100 petabyte blockchain will not make bitcoin decentralized.
member
Activity: 97
Merit: 10
March 14, 2016, 06:52:23 AM
Wow, that's just... wow. Look how big our node numbers are; that must mean we're legit! Meanwhile, Core nodes stay around the same numbers as they've been at since pretty much no one who ran a node before this ruckus is actually switching over...
sr. member
Activity: 687
Merit: 269
March 14, 2016, 04:18:56 AM
before a court of law, but what about coins that are only valid on the forked network?

relax no hard fork would happen
they don't have the balls to actually do it
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
March 14, 2016, 02:59:34 AM
What about the exchanges? Do they have any liabilities to worry about if they start sending customers "Classic" coins after they've bought bitcoins? It seems like there could be no question that the original 1MB version of the software would be "bitcoins" before a court of law, but what about coins that are only valid on the forked network?

The intra- and post-contentious-hardfork nightmare scenario should terrify Coinbase (and their lawyers/insurers/investors) but for some unfathomable reason they insist on pushing forward into such uncharted, fog-of-war obscured territory.

They seem to be intent on confiscating all their users' CoreCoins (IE Bitcoins) and replacing them with BIS-friendly ClassicCoins.

Of course, This Will Not Stand.  But regardless, Brian Armstrong has been sufficiently motivated to go all-in by supporting the governance coup to the hilt.

... he seems quite desperate, like he has nothing to lose. Perhaps Coinbase is going the way of Gox, in a very NY, US govvy regulated kind of way though?
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
March 13, 2016, 09:52:45 PM
What about the exchanges? Do they have any liabilities to worry about if they start sending customers "Classic" coins after they've bought bitcoins? It seems like there could be no question that the original 1MB version of the software would be "bitcoins" before a court of law, but what about coins that are only valid on the forked network?

The intra- and post-contentious-hardfork nightmare scenario should terrify Coinbase (and their lawyers/insurers/investors) but for some unfathomable reason they insist on pushing forward into such uncharted, fog-of-war obscured territory.

They seem to be intent on confiscating all their users' CoreCoins (IE Bitcoins) and replacing them with BIS-friendly ClassicCoins.

Of course, This Will Not Stand.  But regardless, Brian Armstrong has been sufficiently motivated to go all-in by supporting the governance coup to the hilt.
hero member
Activity: 756
Merit: 502
CryptoTalk.Org - Get Paid for every Post!
March 13, 2016, 09:42:40 PM
What about the exchanges? Do they have any liabilities to worry about if they start sending customers "Classic" coins after they've bought bitcoins? It seems like there could be no question that the original 1MB version of the software would be "bitcoins" before a court of law, but what about coins that are only valid on the forked network?
legendary
Activity: 1806
Merit: 1521
March 13, 2016, 09:18:40 PM
Gavin even said that many had pledged to "spin up" thousands of nodes... how valuable is that? It doesn't mean that people are switching from Core. The node counts don't look like people are switching either. I don't want any forked coins, I'll keep running my Core node to make sure I don't get any.
legendary
Activity: 2674
Merit: 2965
Terminated.
legendary
Activity: 1260
Merit: 1002
March 13, 2016, 06:14:12 PM
Toomin's latest bright high-dea....

Nice detective work. This Toomin clown seems to be dangerously clueless.

Can someone in the community make him a sandbox to thrash around in? Please, somebody give him commit access to some shitcoin's source code!

As for Gavin, I assume he's getting all giddy because there are over 2000 Classic nodes running? Still only 4% of blocks mined by Classic however.

Have others seen this?: http://nodecounter.com/announcement.php


It's not safe to assume that Gavin himself fired up those nodes, what's safe to assume is that they're all fake. It's been done in the past and it's likely being done right now as well. As proven again and again, node numbers are very easily faked, thousands of fake nodes can be hosted for cheap but they contribute nothing to the network.

afaik they are real AWS free trial nodes.

51% of Bitcoin Classic Nodes Hosted on AWS
https://www.reddit.com/r/Bitcoin/comments/499bai/51_of_bitcoin_classic_nodes_hosted_on_aws/

https://bitnodes.21.co/nodes/?q=Amazon.com,%20Inc.


https://www.reddit.com/r/btc/comments/44syq6/start_a_classic_node_in_aws_in_under_20_minutes/



legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
March 13, 2016, 05:17:50 PM
Toomin's latest bright high-dea....

Nice detective work. This Toomin clown seems to be dangerously clueless.

Can someone in the community make him a sandbox to thrash around in? Please, somebody give him commit access to some shitcoin's source code!

As for Gavin, I assume he's getting all giddy because there are over 2000 Classic nodes running? Still only 4% of blocks mined by Classic however.

Have others seen this?: http://nodecounter.com/announcement.php


It's not safe to assume that Gavin himself fired up those nodes, what's safe to assume is that they're all fake. It's been done in the past and it's likely being done right now as well. As proven again and again, node numbers are very easily faked, thousands of fake nodes can be hosted for cheap but they contribute nothing to the network.
hero member
Activity: 686
Merit: 504
March 13, 2016, 04:31:29 PM
Toomin's latest bright high-dea....

Nice detective work. This Toomin clown seems to be dangerously clueless.

Can someone in the community make him a sandbox to thrash around in? Please, somebody give him commit access to some shitcoin's source code!

As for Gavin, I assume he's getting all giddy because there are over 2000 Classic nodes running? Still only 4% of blocks mined by Classic however.

Have others seen this?: http://nodecounter.com/announcement.php
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
March 13, 2016, 02:16:24 PM
The Gavinista movement survived internal controversy about 2MB vs "Unlimited" block sizes, as they could agree on 2MB as a temporary anti-Core thin wedge.  But they cannot survive splitting into multiple PoWs, which is Toomin's latest bright high-dea....

https://forum.bitcoin.com/bitcoin-discussion/bigger-blocks-discussion-jonathan-toomin-guy-corem-t5080.html
Quote
1|Guy Corem:2016-01-20 09:18:41:To have clear seperation between Classic and Core
1|Jonathan Toomim:2016-01-20 09:18:45:They can change the transaction format
1|Guy Corem:2016-01-20 09:18:58:I understand
1|Jonathan Toomim:2016-01-20 09:18:59:they can increment the Transaction version number
1|Guy Corem:2016-01-20 09:19:12:So they'll need to do that as well in the POW HF
1|Jonathan Toomim:2016-01-20 09:19:19:the patch that luke-jr submitted to me for the PoW change did not do that
1|Jonathan Toomim:2016-01-20 09:19:26:so they'll have to add it



https://medium.com/@yanislav/decentralize-bitcoin-again-bigger-blocks-and-a-new-dynamic-pow-199a68dbf34a
Quote
we should rapidly change the PoW algorithm to make it impossible to build custom ASIC hardware



https://bitco.in/forum/threads/announcement-bitcoin-project-to-full-fork-to-flexible-blocksizes.933/
Quote
Start with the scrypt algorithm as a base starting point



https://github.com/satoshisbitcoin/satoshisbitcoin
Quote
Why change the POW algorithm?
This step is technically required to implement a full fork where a minority of users wishes to break away from the main chain.



INB4 "Satoshi's Bitcoin" #R3KT thread...   Roll Eyes
legendary
Activity: 1708
Merit: 1049
March 13, 2016, 01:06:45 PM
I guess it makes sense to support Core if you don't understand how Bitcoin works.

What are you referring to?
sr. member
Activity: 687
Merit: 269
March 13, 2016, 11:30:36 AM
Could hellobitcoinworld possibly be any more melodramatic and self-pitying?
 Cheesy Cheesy Cheesy

Who is hellobitcoinworld anyway? A shadow eminence, tresaury holder, puppet master ? Or is it something deeper?
legendary
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
March 13, 2016, 10:47:27 AM


I guess it makes sense to support Core if you don't understand how Bitcoin works.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 13, 2016, 05:57:49 AM


someone needs to tell them that with pools small time operations with 1 machine and a shit internet conection can mine bitcoin.

trying to send a billion dollars with bitcoin would be fascinating, especially if you didnt have any BTC to boot. Grin

I can see it now a 1billion dollar wall, for once the wall observer thread would be OT.
legendary
Activity: 1260
Merit: 1002
March 13, 2016, 05:53:34 AM
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