Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19400. (Read 26609709 times)

Good points.

Sure, Classic is "just a simple 2MB patch."  And some new sigop-bothering cruft.  And a contentious hard fork, done at "75%" (variance notwithstanding) with one month for everyone to upgrade.  And a political coup.

It's very simple.  As long as you ignore the new 20k/block sigop limit, the optimally dangerous hard fork, and the core-dev-alienating governance coup.

These Gavinistas are either fucking idiots, fucking liars, or both.

Jokes and sarcasm is not lost upon me, and in essence your whole participation in this thread seems to be a kind of joke with your superficial dumbass claims.

Yes Bitcoin has been suffering some downward price pressures and we also suffered for about 10 months with btc prices hovering largely in the $200s.

We are doing quite well right now, and we appear to be on a fairly clear path for Segway implementation and likely some other reasonable scaling solutions thereafter, to the extent they may be needed.

Accordingly, the Bitcoin network already seems quite prepared for a 20x to 40x increase in today's price in the coming months, if there were such a surge in prices.

Even though the current contents of your posts seem pretty ridiculous, they are likely to appear even more ridiculous as some of these already vetted solutions are implemented and additional potential solutions are continuing to be considered be core developers to the extent that those solutions may be good for Bitcoin.

In the end there seems to be considerable consensus, as well, that softforks are the preferred path forward, to the extent that they can be attained and so long as there's no emergency requiring a hardfork, which seems to be the current status of the Bitcoin space.

The 1MB limit is a sanity check to prevent DOS attacks, not a kludge.  It is also a serendipitous supply demarcation line useful for establishing fee markets.

Glomming yet another poorly designed MB onto the existing one, in lieu of segwit, for a tiny tps increase, is a kludge.

You also failed to disclose complexity is added to Classic because of the 2MB limit, in the form of Gavin's ill-considered new tx/sigop tracking/limiting patch(es).

https://github.com/jtoomim/bitcoin/commit/f259595c5abd2e59da6ac515f9d30953dbf21d06

"No complexity added?"  You are an idiot, a liar, or both.

Coin



Explanation

Maybe you haven't noticed, but nowadays it is startups who actually innovate an have the ability and agility to jump into tiny gaps (in other words, they closely listen to the users or offer an unique feature).

As always, startups are quickly consumed by the big boys when they get somewhat successful: consider Classic as a great opportunity to safely figure out what the market wants. If successful, the 2mb feature will be adopted. A win-win situation I would say.

*Also in-game currency for My Pathological Delusions of Grandeur My Crypto Kingdom.

Frankly, there's a lot of things you don't understand.  You may know how to change a variable and recompile (such wow), but the logic and mechanics of policy debate and legislation are beyond your ken.

EG, you complain about "politics" but fail to understand why inclusion of as many items as possible from the Hardfork Wishlist is key to gaining a critical mass of support and thereby overcoming contention.

Clinging to your 'smallest change possible' annointed vision for elective hard forks (palliative/curative emergency measures notwithstanding) only demonstrates your desire to effect a coup d'état using the technological thin wedge of a popular greatest-common-denominator feature against Core.

Don't be so hard on him. He wised up. Just look at how he's all down with Monero. They say it's the esperanto of cryptocurrencies.

OMG! The USG is controlling Wladimir van der Laan as well. Looks like Bitcoin Unlimited is the only viable choice. Thx aRSEBREAKER!

Nah, it doesn't hurt decentralization iCICLE, don't just parrot the shit said by grownups (whose boots you're forced to lick due to your string of "unfortunate" investments)

FTFY.

And don't forget 2mb blocks + segwit hurts decentralization (because of bandwidth/storage constraints).

Your post failed to mention segwit.  Why is that?

Are you unaware segwit exists, is being tested, and approximates the tps increase of 100% block size increase?

Or are you lying by omission?

Lighten up Francis!

Bitcoin's antifragility only grows stronger when presented with adversity.

And the stampeding herds of noisy Gavinista Lolcows are more comedy than adversity.

Coinbase and [email protected] have now spent over a year bloviating about Capacity Crunches, Hard Landings, etc. 

Result?  Honey Badger just don't care.   

WAIT...WAIT ..  you are talking like bitcoin is a HUGE RISK .

That's a relief.

what if we mine only half as many coins ?? as long as we are mining less coins then it shouldnt matter if we can only do 350k transactions a day cuz there are less coins to trade.... GENIUS!! .. bitcoin back to $500 this week .... ..... #GimpedCoin

It appears that many classic supporters are now betting on if classic reaches the 75% threshold, Core will simply go against all their principles and add the bump2mb  changes to 0.12.1 and proceed with a <28 day HF. This is likely based upon the assumption that most core devs simply believe that segwit is a slightly better solution than BIP 102/bump2mb which isn't entirely true. In reality, many core devs see this HF as an attempt to remove consensus and replace it with democratic governance in which a majority can force the minority into adapting changes ... and see that as a complete failure of the project.

These aren't attempts at bluffing, we really do believe this, and thus what would likely happen if Classic activates at 75% is some core devs decide to join the classic team, some leave bitcoin entirely and slowly sell their large investments, some create an alt or leave to develop another alt, and some start making plans for the day of the fork with attack vectors on the new chain to wrestle back control..... or Bitcoin Core acknowledges Classic's accomplishment , make an announcement that they will set a planned 2MB HF 6-8 months from than* and the miners quickly turn their hashpower back to core forcing classic to quickly scramble at updating their nodes before the deadline is met and they fork off with a minority amount of hashpower.


* -- If certain conditions are met.

@BMB Don't worry, we are both merely wet farts in the sewers.

that means bitcoin is worth $500 at least..

the obvious answer to this is ... PUMP BITCOIN.... obviously .