Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19383. (Read 26609874 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?


Isn't there some resistance to classic by core because there are changes to internal governance?


So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

yes, but meanwhile this thing has become a matter of pride and kiddiefight. especially gmax and luke seem very hesitant in doing any compromise. jonas schnelli on the other side already signaled being able to update to 2MB.

I constantly hear people say anything other than Core is bad news for Blockstream and their investors. 


Yeah, but if you believe that kind of narrowly summarizing of a situation, resistance is not just about "Blockstream and their investors."

Segwit adds all kind of functionality to bitcoin that is nearly unanimously agreed upon to be a good thing.

Some suggest that Segwit is too complicated.. .blah blah blah.. but in the end, the whole of bitcoin is complicated, and the large amount of agreement from technical people in bitcoin really seem to have consensus around the fact that segwit brings way more advantages than it does disadvantages, and overall it is a good thing for the whole ecosphere of bitcoin, whether that ecosphere be supported by blockstream or some other centralized entities.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?


Isn't there some resistance to classic by core because there are changes to internal governance?


So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

yes, but meanwhile this thing has become a matter of pride and kiddiefight. especially gmax and luke seem very hesitant in doing any compromise. jonas schnelli on the other side already signaled being able to update to 2MB.


At this point, I don't see any need for core supporters to compromise regarding some blanket and/or immediate increase of the blocksize from 1mb to 2MB when it is not needed (that is it is not needed at this point and immediately).
 
Segwit is in the works and is very imminent to being implemented, and even if Segwit does not completely resolve the scaling issue, there seems to be some justification that there will be some need to see and experience how Segwit plays out before implementing any immediate 2mb increase.  Further, such 2mb increase could be implemented on top of seg wit or even possibly implemented on an emergency basis, if such an immediate increase were to be needed, which it is not.

From what I have been reading in some of these various blocksize discussions, a very large majority of persons whether "small blockers" or not, agree that at some time in the fairly near future there will be a need for some kind of increase in the blocksize, which 2mb seems to be fairly reasonable and agreeable amount, even though it does not seem to be necessary at this particular moment and may possibly not be needed for another year or more.

In this regard, even though classic is frequently presented as only addressing the blocksize issue (doubling), it is also conceded to change governance as well.... which seems to have a lot of baggage that it going to cause resistance and stubbornness when attempting to implement that kind of stuff.





legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?

Classic wouldn't exist if there weren't already serious internal governance issues in Core.

Isn't there some resistance to classic by core because there are changes to internal governance?

See above.

So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

That would seem to be a perfectly reasonable course of action and easily secure a future in which Core remains the "reference" implementation. If Core had announced plans after Scaling HK for a 2MB HF followed by a fully tested segwit (with plenty of time for 3rd parties to accommodate it)... we wouldn't be having this debate.

Given all this, one has to wonder if gmax and his clique of wizards are dogmatically putting ego (and stock options?) before Bitcoin.  Angry

yeah it's all just a big "governance" issue  Roll Eyes ... you're certainly right on with the party spiel of MIT/govt Forde and Gavin ... except it's not, its actually real technical problems that are being solved (not by the likes of you)

https://letstalkbitcoin.com/blog/post/epicenter-bitcoin-117-eric-lombrozo-upgrading-bitcoin-with-segregated-witness
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?


Isn't there some resistance to classic by core because there are changes to internal governance?


So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

yes, but meanwhile this thing has become a matter of pride and kiddiefight.

the kiddiefight has all been in here and on reddit ... if you followed the actual dev forums it's all quite sanguine, which makes Gavin Hearns and now Jeff's blog outbursts all the more surprising, like intentional "playing to the mob" ... who are they trying to convince, certainly not other devs.
sr. member
Activity: 392
Merit: 250
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?

Classic wouldn't exist if there weren't already serious internal governance issues in Core.

Isn't there some resistance to classic by core because there are changes to internal governance?

See above.

So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

That would seem to be a perfectly reasonable course of action and easily secure a future in which Core remains the "reference" implementation. If Core had announced plans after Scaling HK for a 2MB HF followed by a fully tested segwit (with plenty of time for 3rd parties to accommodate it)... we wouldn't be having this debate.

Given all this, one has to wonder if gmax and his clique of wizards are dogmatically putting ego (and stock options?) before Bitcoin.  Angry
full member
Activity: 154
Merit: 100

I was hoping for something that didn't involve drugs or gambling.

How's about Ethering the cash to pre fund the removal of some Indian sap's kidney and then they get the rest when it's safely installed in grandma back in the good old US?

>Order decent white kidney
>Pay for decent white kidney
>Get Indian kidney

Lord, why hath thou forsaken me?
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

I was hoping for something that didn't involve drugs or gambling.
How's about Ethering the cash to pre fund the removal of some Indian sap's kidney and then they get the rest when it's safely installed in grandma back in the good old US?

There are no independent triggers in that arrangement.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

I was hoping for something that didn't involve drugs or gambling.

How's about Ethering the cash to pre fund the removal of some Indian sap's kidney and then they get the rest when it's safely installed in grandma back in the good old US?
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Bitcoin is too inflexible for what Ethereum is trying to do and vice versa. With Bitcoin Ethereum has a safe and reliable store of value which it can integrate into its systems. With Ethereum Bitcoin has a platform uniquely suited to expand its potential. It's a win-win situation.

When and how did Ethereum solve the two-way-peg-problem that is required for it to "use Bitcoin as a reliable store of value which it can integrate" ?

Ethereum will not work like a sidechain. Distributed apps running on ethereum will run Bitcoin wallets and operate them through smart contracts.... I think.



So you're saying that it's possible to move bitcoins back and forth from the Bitcoin blockchain using an outside D App without Bitcoin being aware of it and without a trusted third party ? Interesting.

(I am pretty sure that it's not possible)

No, that's not what I'm saying. The bitcoins stay on the Bitcoin blockchain. It's no different from me or you or Circle's system using Bitcoins. Except it's an Dapp doing it.

Ok but who holds the private keys ?

Me ?
You ?
The Dapp maintener ?


The Dapp. Who controls the Dapp depends on the program. If you run the program, control the program and fill its wallet, then you control the wallet. You can also set it to be completely autonomous, which would be handy if you want to run a smart contract with triggers involving other people.

I still don't understand.
I think I will have to wait for a real dapp to implement it to see if it works.

I've seen some examples, but I think most of its use cases haven't been thought of yet.

Here's an interesting presentation from IBM and Samsung where they use Ethereum: https://www.youtube.com/watch?v=U1XOPIqyP7A


Here's a decent example from the new Princeton textbook.

Suppose Alice wants to challenge Bob to game of chess with money on-line. Alice will write an Ethereum program that implemements the rules of chess and upload it to Ethereum. She'll send the contract a quantity of Ether equal to the amount she wants to bet. Bob can see this, and if he decides to accept, he can start the game by sending his own stake of betting Ethers to the contract. The contract will then pay the winner.

I was hoping for something that didn't involve drugs or gambling.
legendary
Activity: 1456
Merit: 1000
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?


Isn't there some resistance to classic by core because there are changes to internal governance?


So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

yes, but meanwhile this thing has become a matter of pride and kiddiefight. especially gmax and luke seem very hesitant in doing any compromise. jonas schnelli on the other side already signaled being able to update to 2MB.

I constantly hear people say anything other than Core is bad news for Blockstream and their investors. 
legendary
Activity: 1260
Merit: 1116
Bitcoin is too inflexible for what Ethereum is trying to do and vice versa. With Bitcoin Ethereum has a safe and reliable store of value which it can integrate into its systems. With Ethereum Bitcoin has a platform uniquely suited to expand its potential. It's a win-win situation.

When and how did Ethereum solve the two-way-peg-problem that is required for it to "use Bitcoin as a reliable store of value which it can integrate" ?

Ethereum will not work like a sidechain. Distributed apps running on ethereum will run Bitcoin wallets and operate them through smart contracts.... I think.



So you're saying that it's possible to move bitcoins back and forth from the Bitcoin blockchain using an outside D App without Bitcoin being aware of it and without a trusted third party ? Interesting.

(I am pretty sure that it's not possible)

No, that's not what I'm saying. The bitcoins stay on the Bitcoin blockchain. It's no different from me or you or Circle's system using Bitcoins. Except it's an Dapp doing it.

Ok but who holds the private keys ?

Me ?
You ?
The Dapp maintener ?


The Dapp. Who controls the Dapp depends on the program. If you run the program, control the program and fill its wallet, then you control the wallet. You can also set it to be completely autonomous, which would be handy if you want to run a smart contract with triggers involving other people.

I still don't understand.
I think I will have to wait for a real dapp to implement it to see if it works.

I've seen some examples, but I think most of its use cases haven't been thought of yet.

Here's an interesting presentation from IBM and Samsung where they use Ethereum: https://www.youtube.com/watch?v=U1XOPIqyP7A


Here's a decent example from the new Princeton textbook.

Suppose Alice wants to challenge Bob to game of chess with money on-line. Alice will write an Ethereum program that implemements the rules of chess and upload it to Ethereum. She'll send the contract a quantity of Ether equal to the amount she wants to bet. Bob can see this, and if he decides to accept, he can start the game by sending his own stake of betting Ethers to the contract. The contract will then pay the winner.
legendary
Activity: 1260
Merit: 1116
ETH is seeing the bubble meant to be for bitcoin. Everybody is "waiting for the consolidation" to get in...

Sounds familiar!? > ETH is 2011 all over again.



Nuts. Angry
Because it requires Bitcoin to purchase, if it gets to a much higher price, then a competitor-clone to ETH will replace it and use less bitcoins.

I can buy ETH with EUR on Kraken.

Ya, well, stop it. It's freaking me out!
ImI
legendary
Activity: 1946
Merit: 1019
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?


Isn't there some resistance to classic by core because there are changes to internal governance?


So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?

yes, but meanwhile this thing has become a matter of pride and kiddiefight. especially gmax and luke seem very hesitant in doing any compromise. jonas schnelli on the other side already signaled being able to update to 2MB.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
... Your statement is true of some classic supporters who don't understand Segwit, and have a low comprehension where they didn't realize the
He bankster lapdog, shilling for Teh Man. Pathetic Puppet don't grok disruptive potenshul of our paradigm-shifting blockchain technology. Legacy finance fiat toilet paper chancellor on the brink of second bailout, right at the tipping point of our Black Swan paradigm shift to cryptopia.

This train is bound for glory (this train), leaving with or without you so get in at the ground floor, onboard now or cry later.

CCMF! SFYL!

Communication must become total and conscious before we can stop it. Cut word lines -- Cut music lines -- Smash control images -- Smash control machine!

Maybe it's the weed, but this was a fun read!
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
devs should all agree to 2MB blocks And segwit

that way classic and core can both coexist  and we can 4x capacity



What about the internal governance issues in Classic?


Isn't there some resistance to classic by core because there are changes to internal governance?


So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
idk about you guys, my target is like 760 ish.  Cool



Oh shit!!!!!!



Da penquin spoke.



 Tongue
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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