Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19522.

rebuilder

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Quote from: BlindMayorBitcorn on January 23, 2016, 01:53:27 AM

I guess we have to decentralize all the things by force..

Maybe this was sarcasm, I'd have to read more from the previous discussion to tell.

In case it's not: It shouldn't be surprising mining is becoming more centralized, seeing as Bitcoin appears to have been designed with that expectation:
https://bitcointalksearch.org/topic/m.6306

" The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate."
('generating' being what mining was called way back,)

So yeah. From that, it seems if you want highly decentralized mining, you should take a hard look at whether Bitcoin is suitable to your purposes.

Cconvert2G36

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Quote from: BlindMayorBitcorn on January 23, 2016, 01:53:27 AM

Quote from: Cconvert2G36 on January 23, 2016, 01:49:53 AM

Quote from: BlindMayorBitcorn on January 23, 2016, 01:41:10 AM

Quote from: Cconvert2G36 on January 23, 2016, 01:19:09 AM

Quote from: BlindMayorBitcorn on January 23, 2016, 01:10:42 AM

Is This The Bitcoin You Want? Because This Is The Bitcoin You Have

He paid too much, first of all. But this is the arena we are entering... one of uncertainty, bidding wars, and limited capacity... while the reward is 25 BTC per block.

We ~~are~~ should be planning for tomorrow, not today.

Ok but, it seems to be a growing number of technically-minded people agree that under any real adoption scenerio this is going to happen. What happens when we move from 3tps to 6 or 10? I don't know enough to know if SegWit is just a dirty hack or not. But they all appear to be just can-kicks towards the inevitable day when adoption outpaces blockspace and the bidding war begins.

Oh what a happy day... but you shouldn't clamp iron manacles on your legs while you're waiting for the cavalry to arrive. Sidechains... LN... SuperLN, they all need to compete on an even playing field. Miners compete for fees and block subsidy, and they choose what software they run. The exterior solutions should cater to them, not the other way around.

Yep. See that sounds right, too.

I guess we have to decentralize all the things by force..

It's the only force identified by satoshi for the handling of disputes. In a sense, it's the only authorized use of force in Bitcoin.

You either believe that free market principles work, or you don't. Time, explain, sorry, etc.

ChartBuddy

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BlindMayorBitcorn

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Quote from: Cconvert2G36 on January 23, 2016, 01:49:53 AM

Quote from: BlindMayorBitcorn on January 23, 2016, 01:41:10 AM

Quote from: Cconvert2G36 on January 23, 2016, 01:19:09 AM

Quote from: BlindMayorBitcorn on January 23, 2016, 01:10:42 AM

Is This The Bitcoin You Want? Because This Is The Bitcoin You Have

He paid too much, first of all. But this is the arena we are entering... one of uncertainty, bidding wars, and limited capacity... while the reward is 25 BTC per block.

We ~~are~~ should be planning for tomorrow, not today.

Ok but, it seems to be a growing number of technically-minded people agree that under any real adoption scenerio this is going to happen. What happens when we move from 3tps to 6 or 10? I don't know enough to know if SegWit is just a dirty hack or not. But they all appear to be just can-kicks towards the inevitable day when adoption outpaces blockspace and the bidding war begins.

Oh what a happy day... but you shouldn't clamp iron manacles on your legs while you're waiting for the cavalry to arrive. Sidechains... LN... SuperLN, they all need to compete on an even playing field. Miners compete for fees and block subsidy, and they choose what software they run. The exterior solutions should cater to them, not the other way around.

Yep. See that sounds right, too.

I guess we have to decentralize all the things by force..

Cconvert2G36

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Activity: 392

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Quote from: BlindMayorBitcorn on January 23, 2016, 01:41:10 AM

Quote from: Cconvert2G36 on January 23, 2016, 01:19:09 AM

Quote from: BlindMayorBitcorn on January 23, 2016, 01:10:42 AM

Is This The Bitcoin You Want? Because This Is The Bitcoin You Have

He paid too much, first of all. But this is the arena we are entering... one of uncertainty, bidding wars, and limited capacity... while the reward is 25 BTC per block.

We ~~are~~ should be planning for tomorrow, not today.

Ok but, it seems to be a growing number of technically-minded people agree that under any real adoption scenerio this is going to happen. What happens when we move from 3tps to 6 or 10? I don't know enough to know if SegWit is just a dirty hack or not. But they all appear to be just can-kicks towards the inevitable day when adoption outpaces blockspace and the bidding war begins.

Oh what a happy day... but you shouldn't clamp iron manacles on your legs while you're waiting for the cavalry to arrive. Sidechains... LN... SuperLN, they all need to compete on an even playing field. Miners compete for fees and block subsidy, and they choose what software they run. The exterior solutions should cater to them, not the other way around.

BlindMayorBitcorn

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Quote from: Cconvert2G36 on January 23, 2016, 01:19:09 AM

Quote from: BlindMayorBitcorn on January 23, 2016, 01:10:42 AM

Is This The Bitcoin You Want? Because This Is The Bitcoin You Have

He paid too much, first of all. But this is the arena we are entering... one of uncertainty, bidding wars, and limited capacity... while the reward is 25 BTC per block.

We ~~are~~ should be planning for tomorrow, not today.

Ok but, it seems to be a growing number of technically-minded people agree that under any real adoption scenerio this is going to happen. What happens when we move from 3tps to 6 or 10? I don't know enough to know if SegWit is just a dirty hack or not. But they all appear to be just can-kicks towards the ~~inevitable~~ day when adoption outpaces blockspace and the bidding war begins.

lottery248

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beware of your keys.

Quote from: ChartBuddy on January 23, 2016, 01:01:32 AM

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boi, after the bump in the china, seems china really given up with the XT and now stuck with the core - they want more transaction fees. Sad

this is probably discompetition to win others outside the china.

gizmoh

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Cconvert2G36

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Quote from: BlindMayorBitcorn on January 23, 2016, 01:10:42 AM

Is This The Bitcoin You Want? Because This Is The Bitcoin You Have

He paid too much, first of all. But this is the arena we are entering... one of uncertainty, bidding wars, and limited capacity... while the reward is 25 BTC per block.

We ~~are~~ should be planning for tomorrow, not today.

BlindMayorBitcorn

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Is This The Bitcoin You Want? Because This Is The Bitcoin You Have

ChartBuddy

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5od0miz3r

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Quote from: Adrian-x on January 22, 2016, 11:33:36 PM

https://i.imgur.com/OmDKcWf.jpg

I though I'd just leav this here because its probably censored elsewhere. source

There's something fishy about Core's new logo:

https://i.imgur.com/vgAXrpC.png

BlindMayorBitcorn

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submitted 3 hours ago * by vbuterinVitalik Buterin - Bitcoin & Ethereum Dev

Quote

So given that large portions of the bitcoin community seem to be strongly attached to this notion that hard forks are an unforgivable evil, to the point that schemes containing hundreds of lines of code are deemed to be a preferred alternative

https://www.reddit.com/r/btc/comments/428tjl/softforking_the_block_time_to_2_min_my_primarily/

Anybody notice how the only thing left on the original r/bitcoin is mindless chatter about Breadwallets and links to cheap rags?

Cconvert2G36

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Quote from: marcus_of_augustus on January 23, 2016, 12:29:16 AM

no, so stupidly wrong and venal it is hard to imagine ... Blockstream have been advertising for Dev evangelist for ~12 months

12 months! How many more do they need! Cheesy

marcus_of_augustus

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Eadem mutata resurgo

Quote from: Cconvert2G36 on January 22, 2016, 11:38:22 PM

Quote from: Adrian-x on January 22, 2016, 10:53:57 PM

-snip-
(digital influencer) budget ran dry
-snip-

Related?

no, so stupidly wrong and venal it is hard to imagine ... Blockstream have been advertising for Dev evangelist for ~12 months

marcus_of_augustus

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Eadem mutata resurgo

Quote from: Adrian-x on January 22, 2016, 09:39:28 PM

Quote from: ?? on ??

Didn't Satoshi consider the possibility that a hard fork could be contentious? Why isn't this a real concern?

Its supposed to protect the network, the problem is most people cant see who is creating the so called "controversy" and the "toxic environment" hint, its not the people wanting to scale bitcoin by allowing more people to interact with the blockchain directly.

Oh rly?

You and that shilling scammer cypherdoc have been in full-blown toxic PR mode since Gavin and Hearn started pulling your heart strings and stroking your sad egos' lust for relevance ... finally an issue dirt-dumb enough to get some leverage over the evil devs.

ChartBuddy

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