Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19268. (Read 26607093 times)

OF FUCKING A!!!!

Ok, I'm new to this. Who do we invade?

There is no "I" in "consensus", but there is an "us".

Which one of the Core Devs do you think will be the first to crack under the pressure? 2 of 5 with commit access are already bigblockers. Who's going to be the swing vote?  Who's going to ragequit?

They successfully fought off XT so maybe they still think they can win, but if they come back with a date for a HF farther out than 18 months, the markets going to take a big steaming dump on their heads. If they don't respond at all by the deadline, it's a big dump. If they say 1MB4EVA, big dump. If they say blah de blah, it's impossible to set a date because reasons...Big dump.

If they say "oh, alright. All that stuff we said we couldn't do? We'll do it", Fucking. Moon.

Politically, It will be Jeff Garzik's win and he becomes Satoshi's successor.
Blockstream will have to explain to the VCs why they just destroyed their own business plan. That would be an interesting conversation to hear.

We will all be sipping margaritas by the pool celebrating my short blowing up while scantily clad Polynesian girls fan us with palm fronds. Odes will be written about Garzik the Great Consensus Builder. Earnest young men will valet park our Lamborghinis.  Empires will crumble.  Maidens will weep with joy and then...

Oh yeah, we still have that concentrated mining problem. Fuck.

BJA:   I hope that you are not suggesting that deep down inside that you possibly could be a consensus builder.

 

Bad analogy.

Bitcoin is not a company.... It is called an open source project that is peer to peer, and so the weight of power and influence that individuals have over the whole process is much more transient and diffused.. and that is how it should be.. it is both a downside and an upside, so long as you basically understand the difference.

https://bitcointalksearch.org/topic/m.13941677

i'd like a few more votes.

For as many years as it takes to reach a critical mass of users.  Businesses and investors are forward thinking.  If fees double every year, in a decade they could be over $10,000 per transaction!  OTOH if $/BTC price doubles every year, miners will still be well compensated with blockrewards even when mining a tiny fraction of coin per block.   Which of these two scenarios would make you want to invest?

I have the feeling that all it needs is a spark, since the network is ready whenever required.
No clue what that spark is or will be though, but surely having my popcorn ready.

Coin



Explanation

How many years?

BTC is on it's 7th year, approaching the second halving, and already having distributed nearly 75% of the total monetary base (leaving just 25% for subsidy). Fees are currently at 0.01 - 0.04$ = peanuts, despite "Blocks are full".

bitcoin is neither a company, nor a charity ffs.

Facebook went years without ads to grow it's user base. Is Zuckerberg a socialist?  Youtube did the same thing. So did Google, Microsoft, IBM, Yahoo!...are all these companies charities?

there is no consensus to be found whatsoever with socialist freeshit spammers.

so you are free to fork off to whatever bloated corpcoin, gavincoin, usgcoin..

bitcoin will still exist as is and prevail in value with its conservative original parameters.

That's right! The price is always a bit unstable, but the 420 ceiling is incredibly strong

This is a good example of what I am talking about. This is something a consensus builder would not say.

Last 5 blocks were nearly completely full :-/

Pretty good write-up about opt-in RBF here by GreenAddress CEO Lawrence Nahum*: Why Replace by Fee is Good for Bitcoin

*Do we know this guy from somewhere?

All the money in the world yet he can't prevent himself from looking like a Lego man. I think there's a lesson in there somewhere. Or maybe he paid to look like one which is even more unsettling.