Meant to not change without how much consensus?
Edit: Some of it? All of it? Do we require social consensus before all else? How much?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19443. (Read 26708661 times)
February 05, 2016, 07:58:30 PM
February 05, 2016, 07:56:56 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.
Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.
Some people would rather the 75% be 95% or 99%. I think that is too high because it gives “veto power” to a single big solo miner or mining pool. Holding veto power is dangerous– somebody who disagrees with the change or just wants to disrupt Bitcoin might use extortion, bribery, or blackmail against a miner to try to prevent the change.
Other people think 75% is too high; after all, if 51% of hash power got together they could just choose to ignore blocks that vote 'the wrong way’. If they are mining pools they might lose most of their miners, but they could.
What a thoughtless heathen!
Lol he can not gain consensus so he just lowered the trigger (compared to 95% which is usually used for soft forks!) to try and push through his chaotic contentious hard fork (really attempted coup).
He is again using political language, hiding his real aim of forcing a hard fork under the banner of fighting extortion veto etc. Nobody is extorting anybody many people simply disagree. Bitcoin is meant to not change without consensus.
February 05, 2016, 07:48:20 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.
Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.
I expect adoption of the 2mb change will be faster, because once 50% of hashpower supports the change Bitcoin Core will complain “This version is obsolete; upgrade required!”.
What a thoughtless heathen!
February 05, 2016, 07:45:53 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.
Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.
February 05, 2016, 07:39:56 PM
It's his explanation and break down of 2mb blocks. I can't say it made me scream or break out in a cold sweat.
February 05, 2016, 07:39:40 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.
Any time the price tanks they blame Gavin. Might even be true. He's a human stress-test.
February 05, 2016, 07:35:25 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.
February 05, 2016, 07:32:23 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
Shit-eating grin lol!
Wouldn't be surprised.
February 05, 2016, 07:08:17 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
That's probably you dumping and blaming him. Brilliant, really!
Edit: I have to go walk my dog.
February 05, 2016, 07:02:43 PM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
February 05, 2016, 07:01:19 PM
February 05, 2016, 06:30:05 PM
Altcoin discussion is off-topic here.
Do you want me to bore you with the details of how my dCred test node is doing?
Or how great the latest Monero release is at minimizing RAM use to ~100MB?
Do you want me to bore you with the details of how my dCred test node is doing?
Or how great the latest Monero release is at minimizing RAM use to ~100MB?
Well, no. But I see you're going to do it anyway.
February 05, 2016, 06:26:49 PM
I'm generally ok with the speed of payment. I truly take issue with some properties of the Fiat money, though. Especially with the fact that banks can lend it into existence out of thin air. I can see why someone from a bank would downplay the fact that I am probably not alone.
I don't think of it so much as that they can create it out of thin air.
No - banks absolutely and unequivocally create most of the money they lend out of nothing. It is zapped into being by the mere act of making the loan. Given your long and august participation on this forum, I am surprised you do not know this already.
eta: reading the rest of the thread to this point, I must have misunderstood your statement? I hope so.
February 05, 2016, 06:18:29 PM
Microtransactions
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
Yet Another Gox. A centralized database.Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
BTC tried and tested for seven years, a hackers nightmare, there can be only one (channeling Highlander, yeah!)
of course multiple currencies can exist, choose your weapon
"BATTLE OF THE BLOCKCHAINS"
February 05, 2016, 06:13:45 PM
Microtransactions
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
Yet Another Gox. A centralized database. Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
February 05, 2016, 06:12:33 PM
Microtransactions
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
http://coinjournal.net/prediction-10-billion-will-be-invested-in-blockchain-startups-in-2016/
“It’s already started. I mean, my estimate is that we’re going to see $1 billion come into the Ethereum ecosystem in 2016 alone, and the general estimates for the amount of money going into the entire blockchain ecosystem, including Bitcoin, is on the order of $10 billion.” - Vinay Gupta (original CypherPunk member)
“It’s already started. I mean, my estimate is that we’re going to see $1 billion come into the Ethereum ecosystem in 2016 alone, and the general estimates for the amount of money going into the entire blockchain ecosystem, including Bitcoin, is on the order of $10 billion.” - Vinay Gupta (original CypherPunk member)
huge consortium using the ethereum programming
http://www.ibtimes.co.uk/r3-connects-11-banks-distributed-ledger-using-ethereum-microsoft-azure-1539044
some other financial institutions are using the legacy open source linux hyperledger
ASX is testing this at the moment
sounds like Visa'a developing their own blockchain
adding to the list
Interesting to know if they have developed this themsleves or using an outside developer
MTX and omni channel API's
its happening "BATTLE OF THE BLOCKCHAINS" wooo hooo
there is only one true decentralized virtual currency BTC
February 05, 2016, 06:06:08 PM
I'm generally ok with the speed of payment. I truly take issue with some properties of the Fiat money, though. Especially with the fact that banks can lend it into existence out of thin air. I can see why someone from a bank would downplay the fact that I am probably not alone.
I don't think of it so much as that they can create it out of thin air. Rather, the deposits you hold at a bank are not real money, but a mix of loans, stock investments etc., with a small bit of cash reserves so they can pay out the few people who want some cash at any given time.
True. The smallest fraction of money is in the form of cash of course (the only form of legal tender in germany, for example). Banks are engaging in fractional reserve lending (no surprise). Point being: could they do it with bitcoin? Theoretically yes, if they can get everyone to deposit their bitcoins it could work just as well. Central bank would be replaced by bitcoin network. In practice it wouldn't work well at all though, because bitcoin is way easier (cheaper) to move / store / transact online than cash. It's digital cash.
Banks runs are just a mouse click away.
They can't let that happen so they'll divert the attention to "blockchain tech", do a little "embrace and extend" magic and hopefully be done with bitcoin.
In a bitcoin world, I do think there would be less fractional banking because it's easier to 'be your own bank(vault)', in a quite secure way. Adding to this, the average returns from investments (loans, stocks) might not be dramatically higher than bitcoin appreciation due to productivity gains and population growth, making non-bitcoin investment relatively less attractive (which would slow down economical growth somewhat, but also decrease malinvestment).
My 2 cents.
February 05, 2016, 06:01:20 PM
February 05, 2016, 05:54:12 PM
Microtransactions
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
February 05, 2016, 05:34:35 PM
https://www.pwc.com/us/en/financial-services/publications/qa-whats-next-for-blockchain.html
Wat??
Quote
We see three trends related to blockchain that we believe will be important in 2016: incumbents focus on protecting their intellectual property as they explore new collaborative opportunities with customers, suppliers, and competitors; large financial institutions will need strategic plans to set parameters for technology risk taking; and market participants will start to develop the processes that surround the transactional layer.
Wat??
Seems legit.
Jump to: