Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19313. (Read 26623302 times)

says who?

can some PLEASE FUCKING MAKE AN OFFICIAL STATEMENT

all in

We now have over 20% of the nodes supporting 2MB or greater.  XT, BU and Classic have cooperated to ensure that all three implementations remain compatible.  Nodes will follow the longest chain and XT/BU/Classic miners will flag support for the 2MB upgrade.  




For the last several months, we've been focussing on the Classic launch.  The miners were more comfortable with this option, as it will allow them to more easily synchronize the block size limit increase to 2MB.

That being said, we will soon be releasing Xthin block propagation under the BU label.  Xthin reduces the propagation impedance by over an order of magnitude.  This is particularly relevant to a good paper recently published:



The authors estimate that even given today's crude block propagation, 4MB is a reasonable block size (IMO using very conservative reasoning):



Further, they claim that the bottleneck is presently block propagation to nodes.  Xthin blocks are expected to drop the propagation impedance by over an order of magnitude, facilitating a further order of magnitude increase in block sizes.  

Combined with subchains, and already we have the technology required to scale--on chain--to over 100 MB blocks.

The future is bright.  All we need to do now is decentralize away from Blockstream and Core.  


We'll be getting much more than that.  But it is good to see that the back peddling has begun

Big blocktards are very disappointed. Bitcoin continues to appreciate despite their efforts.

http://fc16.ifca.ai/bitcoin/papers/CDE+16.pdf


even the geniuses want bigger blocks. but there really smart and understand its only the first step.

basically what i've been saying all along...

i don't shoot for keeping requirement so low so i end up with higher numbers for abs max block size.

wtv man, why is todd not on the same page?

FOMO 

Boom BTC3K market buy on Finex. Been too long since i've seen those.

i'm honored.

A split at fork (having two blockchains) would be detrimental to the price. Miners know that and will try to avoid a full out war unless they're 99% confident that majority will follow. But portion of miners profit comes from the fees and with the halfing coming up that portion will get even more significant. So naturally they're bias for bigger blocks, as that means more profit from fees.

Coinbase and the like already have their business plan set up and want to show returns yesterday. So they want everything and right MEOW!!

Majority of users are also too short sighted. They want to be able to send $0.05 of internet magic money to each other and feel that BTC in the current implementation must be able to support it. Since it's coming to it's capacity the "logical" thing is to upgrade to new bigger capacity version like they do with their phones and computers.

Core devs are the geek engineers and are the ones that need to be 99.9% sure that updates don't introduce more attack vectors, make BTC more centralized etc... Mining pools are driven by market profits so it's not something  that can easily be tested in the lab.

tl;dr
Engineers-we need more time to make sure it won't blow up.
Managers-we have delivery deadlines, this beta release should be good enough and we'll just patch it later.
Early users/consumers-WTF my iPhone 19c is out of memory, oh apple just released 20s with double the space time to buy more.    

I do but I like to come in here once in a while to hurt your feelings. 

don't you geniuses has a better forum to chat on? or did you get kicked out for being such a dick?


fucking easy to make up BS data when you start off with BS assumptions, what excalty this line means and how it effects the data is unclear.

All we have to do now is to ride the wave as the price seems to continue to rise slowly but surely this time around. Hope that there'll be no dramas that will bring the price back to below $400.

Hey Peter! Still alive?

How's that BU going? How many nodes now? 10? 15?

Yes yes, you'll get your 2MB chain, but..... not tonight, dear

Coin



Explanation

Sure, here's one of the papers:

http://fc16.ifca.ai/bitcoin/papers/CDE+16.pdf



There's also the data obtained by Jonathan Toomim from his testnet tests and his survey of Chinese miners.

Like I said, you're so far behind with regards to this stuff you might as well keep concerning yourself with the price and leave the other stuff to competent adults.

We all appreciate your role as a cheerleader, sincerely, we do.

Your words can't hold back the market, brg444.

they change their position as often as i do.

you  probably  have some data showing that smaller miners become handicapped by larger blocks nothing more.

show me this "scientific data"

We have scientific data showing that the network can't handle much more than 3mb right now so yeah.... GTFO

You people seriously need to get out of this little cargocult @ bitcointalk, there's a world out there with science and stuff. It's very cool but admittedly it's harder to figure out than looking at charts all day and posting about moon. 

Did ya'll not read the miners letters basically telling that Classic and their fork YESTERDAY!!!! can go get fukt. Even Jeff Garzik isn't buying this shit.

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