Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19249. (Read 26607989 times)

With Bitcoin you only have to trust the government and central bank of China.  Chinese miners caved to core. You think they wouldn't cave to their own government? 

This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB, and will only be adopted with broad support across the entire Bitcoin community.

    SegWit is expected to be released in April 2016.
    The code for the hard-fork will therefore be available by July 2016.
    If there is strong community support, the hard-fork activation will likely happen around July 2017.

Consensus is 100%

If you mine a block that 79% agree with you create 2 forks. One with 100% consensus on the old rules, and the other with 100% consensus on the new rules.

Unless you can force the 21% that disagree with the new rules to accept the change and abandon their block history, you effectively now have 2 separate bitcoins.

http://qntra.net/2015/01/the-hard-fork-missile-crisis/ <~ I thought everyone knew this by now?

You seem to like to pervert things and to apply poor analogies.

From my understanding, this is not a one vote one person question.  


In actual practice, some votes count more than others.


For instance, I doubt that my vote counts for much of anything, merely participating in this thread, versus if I were to show up and be allowed to attend and participate in a scaling meeting in which they are taking votes... and probably, even there some votes weigh more than others (someone new to the meetings would carry less weight than someone who has been involved in such scaling discussions and contributions for a longer period of time).

Oh thanks a lot.  Now you have given me another thread to read.  I'm not sure if I can handle it.   


It seems that I was using the terms implementing and implementation differently from you, and for me both terms are the same - and it would depend upon context to choose which is used:  one is a verb and the other is a noun.

My understanding of seg wit is that the code has largely been written.. it is currently being tested and will be implemented after the testing (anticipated in April).... I mean implemented means it is available to be able to run in reality rather than merely as a test.. blah blah blah.

on bitcointalk poll 60% = consensus

60% is a pass, we can't expect everyone to understand the question, and answer it correctly. ( i kid... sorta )

Right. with bitcoin I need to trust the integrity of the blockchain, that the record has not been tampered with. I can verify this myself, and I can cross-verify with several thousand other nodes across the network.

In a fiat transaction I need to trust the government and central bank, which do not have a great track record over the last hundred years. When was the last time the federal reserve was audited?

Flip floppin' around. Sounds like you.

I was young and foolish.

Let's look at Adam's poll: 79 percent support the compromise. Totally too small of a samples size, but just for shits and giggles, let's assume that is representative. 75% is NOT consensus, but 79% is?

That's amazing! You can even see which fold I hid my dick in.

It's more like that cat got wrapped up into a subway sandwich wrapper, and because of such wrapping doesn't really trust humans any more.

when you lose trust in the community, it can be a long (and hard) row to hoe to regain such trust (and maybe the trust will not be completely regained).

Only 1MB required? You a spy, Fatty?

Doesn't really look like she needs me.

Nor will I need much once I get my Oculus.

VirtualRealPorn.com takes Bitcoin.

sure but all this should be on the Roadmap https://bitcointalksearch.org/topic/bitcoin-core-roadmap-visualized-1349965


just to clarify.
implementation = the code
implementing = writing the code

counterfeiting like double spending? Which you can do if you control 51% of the network like the Chinese do?

Heroic Fatman in motion:

So elegant, so powerful.

Maybe we are talking about two different things?

From my reading, if they are saying that they are implementing seg wit first, and then they will work on planning to increase the blockchain with some tests of such plans beginning to take place 3 months after seg wit (summer of 2016), therefore, no real need to commit to any actual increase for 6 more months (after testing it out blah, blah, blah). 

All of this sounds good to me, and really shouldn't be that big of a deal, no?

Don't we need to test things out before actually implementing?   And seg wit is going to provide some interesting and potentially unanticipated developments that need to be considered in light of any additional future changes, no?

Even though the current consensus roadmap is not considerably concrete, it sounds pretty decent, reasonable and really good for bitcoin on both a technical and political level, under the current circumstances, no?

Thx!



"Dididadadududadadididadadududada.....burrrggrrrrssss!!!!"

But while you have paid for creating (a binary string), distributing (to miners), and transferring (for as long as the miners are interested in mining) you have not paid for accounting -- having it exist on the blockchain is far from accounting, ask your accountant.
And certainly not for the next 40 years -- why assume that Bitcoin will even exist in a year or two?

Of course, you were joshin' when you brought up "providing trusted means of settlement between antagonistic nations." No nation I know of transacts in BTC, other than paying an occasional ransom to an extortionist, like that douche that recently earned $17k by hacking a hospital & encrypting all the patient data. No nations transact in BTC, antagonistic or otherwise.

And, of course, a transaction is not simply sending the money in one direction. A transaction is only complete when the stuff you paid for arrives at your door. Shit ain't trustless if you want to buy a car from me, you send me your trustless money, and I take your money & show you my middle finger. You get no car. What now?

The reason that shit don't happen with fiat is we have jackbooted thugs to intervene on our part. Bitcoin? Well, you try to have "trusted escrows," but, judging by this forum, they tend to run away/screw you out of your money.
You gotta trust somebody