Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19965.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: Cconvert2G36 on December 07, 2015, 04:36:30 AM

Quote from: marcus_of_augustus on December 07, 2015, 04:30:12 AM

he's talking about raising the total data rate (seg. witness + tx data) gradually, not the max_block_size limit ...

Sigh, you're right, he's afraid about even getting these "free" gains already... I knew that didn't sound like luke. Cheesy

An hour later he gave us a kernel of moral wisdom on slavery.

Quote

To Christians: why is slavery not permitted today? by some_random_guy_5345 in DebateReligion
[–]luke-jr 1 point an hour ago
Slavery is an imperfection. We can and should strive to get rid of imperfections. However, since slavery is not inherently immoral itself, when it is practised, it must be done morally and slaves treated as people, hence the need for guidelines.

... the guy is incorrigible but if he keeps solving bitcoins problems with flashes of weird brilliance from the fringey far-side, then all power to him. Great strength comes from diversity of thinking.

Cconvert2G36

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Activity: 392

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Quote from: marcus_of_augustus on December 07, 2015, 04:30:12 AM

he's talking about raising the total data rate (seg. witness + tx data) gradually, not the max_block_size limit ...

Sigh, you're right, he's afraid about even getting these "free" gains already... I knew that didn't sound like luke. Cheesy

An hour later he gave us a kernel of moral wisdom on slavery.

Quote

To Christians: why is slavery not permitted today? by some_random_guy_5345 in DebateReligion
[–]luke-jr 1 point an hour ago
Slavery is an imperfection. We can and should strive to get rid of imperfections. However, since slavery is not inherently immoral itself, when it is practised, it must be done morally and slaves treated as people, hence the need for guidelines.

marcus_of_augustus

legendary

Activity: 3920

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Eadem mutata resurgo

Quote from: Cconvert2G36 on December 07, 2015, 04:21:45 AM

Quote from: marcus_of_augustus on December 07, 2015, 04:10:45 AM

Quote from: Cconvert2G36 on December 07, 2015, 03:50:48 AM

Quote from: marcus_of_augustus on December 07, 2015, 03:40:48 AM

not sure if you read some of my previous posts up page ... there is way more than a plan in place already
imho that seg-witness stuff looks like a viable solution for the foreseeable future (4-6yrs) plus some other benefits to boot, better than a risky can kick, it is a low risk restructuring that buys time and makes lite clients a real thing again (not just security theatre like SPV bitcoinJ)

tl;dr short-term scaling is solved ... we can worry about the long term when it arrives because we will know better what it looks like then (particularly the fees market with less reward transition conundrum)

tl;do read

I'll let luke-jr supply a little cold water for your 4-6 year solution euphoria:

Quote

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

euphoria huh? Luke-Jr is always conservative on bandwidth because lives in rural Florida on an apparently sub-par connection. If we scale TX rate 4x without a hard-fork then current bandwidth is already capable of handling that ... not sure where your cold water thinking is here, a damp squib?

The key is without risky hard-fork for now ... in the meantime technology hardware, software and network data knowledge all improve while transition to fees driven PoW security gets closer (halving to 6.25btc reward) ... and lite nodes now have a viable future instead of client-server (risky offchain). It's all very encouraging, an alternative consensual path for foreseeble future to bludgeoning through an unpopular blocksize hardfork with exponential scaling into an unknowable outcome. The world might look very different in 2 years, let alone 5 or 20.

I thought the quote was appropriate because even luke-"dialup"-jr is for conservative max increases (sooner than 2019 or 2021), and he understands the actual gains provided by SegWitness better than me and most.

he's talking about raising the total data rate (seg. witness + tx data) gradually, not the max_block_size limit ...

Cconvert2G36

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Quote from: marcus_of_augustus on December 07, 2015, 04:10:45 AM

Quote from: Cconvert2G36 on December 07, 2015, 03:50:48 AM

Quote from: marcus_of_augustus on December 07, 2015, 03:40:48 AM

not sure if you read some of my previous posts up page ... there is way more than a plan in place already
imho that seg-witness stuff looks like a viable solution for the foreseeable future (4-6yrs) plus some other benefits to boot, better than a risky can kick, it is a low risk restructuring that buys time and makes lite clients a real thing again (not just security theatre like SPV bitcoinJ)

tl;dr short-term scaling is solved ... we can worry about the long term when it arrives because we will know better what it looks like then (particularly the fees market with less reward transition conundrum)

tl;do read

I'll let luke-jr supply a little cold water for your 4-6 year solution euphoria:

Quote

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

euphoria huh? Luke-Jr is always conservative on bandwidth because lives in rural Florida on an apparently sub-par connection. If we scale TX rate 4x without a hard-fork then current bandwidth is already capable of handling that ... not sure where your cold water thinking is here, a damp squib?

The key is without risky hard-fork for now ... in the meantime technology hardware, software and network data knowledge all improve while transition to fees driven PoW security gets closer (halving to 6.25btc reward) ... and lite nodes now have a viable future instead of client-server (risky offchain). It's all very encouraging, an alternative consensual path for foreseeble future to bludgeoning through an unpopular blocksize hardfork with exponential scaling into an unknowable outcome. The world might look very different in 2 years, let alone 5 or 20.

I thought the quote was appropriate because even luke-"dialup"-jr is for conservative max increases (sooner than 2019 or 2021), and he understands the actual gains provided by SegWitness better than me and most.

Cconvert2G36

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Activity: 392

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The miner panel at Scaling HK:

https://www.youtube.com/watch?v=H-ErmmDQRFs&t=18m12s

Worth a watch for any bitcoin investor. My impression was that they all want bigger blocks, but feel that BIP101 is too aggressive. They don't hate the idea of being given more power in the form of BIP100, but added complexity and the possibility of a 20% miner blocking increases are negatives.

marcus_of_augustus

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Activity: 3920

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Eadem mutata resurgo

Quote from: Fatman3001 on December 07, 2015, 04:02:01 AM

Quote from: Cconvert2G36 on December 07, 2015, 03:50:48 AM

tl;do read

I'll let luke-jr supply a little cold water for your 4-6 year solution euphoria:

Quote

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

wut?

no magic?

Small-block scaling is starting to remind me of cold fusion.

god you bears are desperate, at least try and use material you have an inkling of ... hint: there are 16 inklings in a clue.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Cconvert2G36 on December 07, 2015, 03:50:48 AM

Quote from: marcus_of_augustus on December 07, 2015, 03:40:48 AM

not sure if you read some of my previous posts up page ... there is way more than a plan in place already
imho that seg-witness stuff looks like a viable solution for the foreseeable future (4-6yrs) plus some other benefits to boot, better than a risky can kick, it is a low risk restructuring that buys time and makes lite clients a real thing again (not just security theatre like SPV bitcoinJ)

tl;dr short-term scaling is solved ... we can worry about the long term when it arrives because we will know better what it looks like then (particularly the fees market with less reward transition conundrum)

tl;do read

I'll let luke-jr supply a little cold water for your 4-6 year solution euphoria:

Quote

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

euphoria huh? Luke-Jr is always conservative on bandwidth because lives in rural Florida on an apparently sub-par connection. If we scale TX rate 4x without a hard-fork then current bandwidth is already capable of handling that ... not sure where your cold water thinking is here, a damp squib?

The key is without risky hard-fork for now ... in the meantime technology hardware, software and network data knowledge all improve while transition to fees driven PoW security gets closer (halving to 6.25btc reward) ... and lite nodes now have a viable future instead of client-server (risky offchain). It's all very encouraging, an alternative consensual path for foreseeble future to bludgeoning through an unpopular blocksize hardfork with exponential scaling into an unknowable outcome. The world might look very different in 2 years, let alone 5 or 20.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: Cconvert2G36 on December 07, 2015, 03:50:48 AM

tl;do read

I'll let luke-jr supply a little cold water for your 4-6 year solution euphoria:

Quote

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

wut?

no magic?

Small-block scaling is starting to remind me of cold fusion.

ChartBuddy

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BlindMayorBitcorn

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Quote from: Cconvert2G36 on December 07, 2015, 12:07:09 AM

Well, seeing as you lot have turned it into the Lambie Observer Thread again.

Quote from: CoinCube on December 06, 2015, 11:47:29 PM

Quote from: ?? on ??

Izabella Kaminska has a classic case of acute sociopathic personality disorder. She fits the symptoms as well as one can. The sociopath fears exposure above most things. I don't know what methods The Doxing used to unmask her and they likely weren't legal in many jurisdictions, but it has already been done. It is understandable that The Doxing left no concrete proof to avoid incriminating himself. I for one would not want to see him arrested for making the world a better place. It is very obvious she is indeed Lambie, and she has admitted it on multiple occasions, so further proof is not necessary. If she is low on funds from shorting bitcoin in hopes of blogging hit pieces and trolling the market so much she turned a profit, then I believe she would make a great candidate for a high level psychiatric study that might warrant a stipend. I believe in her delusions of grandeur she believed that one blogger could affect a world wide market. One can't help but notice the irony that Izabella tweets about her financial hardships, yet spends her days and nights fighting to defend the corrupt system that make her barely able to afford the high cost of living in London, rather than finding a mate and giving birth to and raising more Izabellambies. Perhaps that is for the best, who knows. It is nice to know who is doing all the ridiculous trolling, so The Doxing, if your reading, this ones for you buddy.

https://twitter.com/izakaminska/

This is an obvious attempt to provoke people to harass an innocent financial blogger in an attempt to generate bad press for bitcoin.

I tend to agree with this.

This, " interested in all things energy, central banky, market structurey and science fictiony.", is just so horrible... a pseudo-intellecutual-valley-girl-speak that doesn't jive with what we know. Real lambie's ego is far too huge and confident to willingly smear their own public image so badly.

Still, someone seems to have taken the bait:

Izabella Kaminska ‏@izakaminska 32m32 minutes ago

Quote

The world of bitcoiners is so binary. Hilarious. https://www.reddit.com/r/Bitcoin/comments/3vq65d/kaminska_critiques_goldman_sachs_setlcoin_patent/ …? (Fyi - I have not changed my view of Bitcoin)

Cconvert2G36

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Activity: 392

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Quote from: marcus_of_augustus on December 07, 2015, 03:40:48 AM

Quote from: Searing on December 07, 2015, 03:05:08 AM

Quote from: marcus_of_augustus on December 07, 2015, 02:34:15 AM

maybe we will see dinosaurs, or sheep, mutton dressed up as lamb ... who knows what in the run to six hundy?

well ....if there is a plan of a plan that comes out of the Hong Kong btc scaling dev conference....well we will go over 400 usd btc quick imho..

http://www.coindesk.com/chinas-miners-heat-up-blocksize-debate-at-scaling-bitcoin-hong-kong/

if nothing comes of it ...even something as lame as the above a plan for a plan....some kinda process hell it will probably drop back to mid 200's again

I mean the rest of KNOW we don't know wtf is going on with crypto and btc......we have 'guideline' that we think is gonna happen

but if the core devs can't figure it out among themselves either well ..'shudder' just scared myself Sad

just saying..they can lie to me/ make stuff up/ I don't care ...I don't code.....just make it frigging 'plausible' that there is a plan for a plan

us bitcoin types are used to little info and much hope ...so hell even that much would work ...to calm the 'kiddies"

not sure if you read some of my previous posts up page ... there is way more than a plan in place already
imho that seg-witness stuff looks like a viable solution for the foreseeable future (4-6yrs) plus some other benefits to boot, better than a risky can kick, it is a low risk restructuring that buys time and makes lite clients a real thing again (not just security theatre like SPV bitcoinJ)

tl;dr short-term scaling is solved ... we can worry about the long term when it arrives because we will know better what it looks like then (particularly the fees market with less reward transition conundrum)

tl;do read

I'll let luke-jr supply a little cold water for your 4-6 year solution euphoria:

Quote

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Searing on December 07, 2015, 03:05:08 AM

Quote from: marcus_of_augustus on December 07, 2015, 02:34:15 AM

maybe we will see dinosaurs, or sheep, mutton dressed up as lamb ... who knows what in the run to six hundy?

well ....if there is a plan of a plan that comes out of the Hong Kong btc scaling dev conference....well we will go over 400 usd btc quick imho..

http://www.coindesk.com/chinas-miners-heat-up-blocksize-debate-at-scaling-bitcoin-hong-kong/

if nothing comes of it ...even something as lame as the above a plan for a plan....some kinda process hell it will probably drop back to mid 200's again

I mean the rest of KNOW we don't know wtf is going on with crypto and btc......we have 'guideline' that we think is gonna happen

but if the core devs can't figure it out among themselves either well ..'shudder' just scared myself Sad

just saying..they can lie to me/ make stuff up/ I don't care ...I don't code.....just make it frigging 'plausible' that there is a plan for a plan

us bitcoin types are used to little info and much hope ...so hell even that much would work ...to calm the 'kiddies"

not sure if you read some of my previous posts up page ... there is way more than a plan in place already
imho that seg-witness stuff looks like a viable solution for the foreseeable future (4-6yrs) plus some other benefits to boot, better than a risky can kick, it is a low risk restructuring that buys time and makes lite clients a real thing again (not just security theatre like SPV bitcoinJ)

tl;dr short-term scaling is solved ... we can worry about the long term when it arrives because we will know better what it looks like then (particularly the fees market with less reward transition conundrum)

r0ach

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Newest most accurate TA:

https://bitcointalksearch.org/topic/voodoo-magic-man-1279383

ErisDiscordia

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Imposition of ORder = Escalation of Chaos

Quote from: marcus_of_augustus on December 06, 2015, 11:53:25 PM

https://www.reddit.com/r/Bitcoin/comments/3vql34/segregated_witness_and_its_impact_on_scalability/

tl;dr bitcoin can scale for the forseeable future (4-6yrs) without hardfork ... uberbullish.

I like this a lot and I'm pleasantly surprised that the conference seems to be working towards what we all want: scaling without incurring needless centralization risks. Would be nice if this could end the toxic blocksize vitriol-spewing trench warfare of opinions I'm sick of it.

Searing

copper member

Activity: 2898

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Clueless!

Quote from: marcus_of_augustus on December 07, 2015, 02:34:15 AM

maybe we will see dinosaurs, or sheep, mutton dressed up as lamb ... who knows what in the run to six hundy?

well ....if there is a plan of a plan that comes out of the Hong Kong btc scaling dev conference....well we will go over 400 usd btc quick imho..

http://www.coindesk.com/chinas-miners-heat-up-blocksize-debate-at-scaling-bitcoin-hong-kong/

if nothing comes of it ...even something as lame as the above a plan for a plan....some kinda process hell it will probably drop back to mid 200's again

I mean the rest of KNOW we don't know wtf is going on with crypto and btc......we have 'guideline' that we think is gonna happen

but if the core devs can't figure it out among themselves either well ..'shudder' just scared myself Sad

just saying..they can lie to me/ make stuff up/ I don't care ...I don't code.....just make it frigging 'plausible' that there is a plan for a plan

us bitcoin types are used to little info and much hope ...so hell even that much would work ...to calm the 'kiddies"

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

maybe we will see dinosaurs, or sheep, mutton dressed up as lamb ... who knows what in the run to six hundy?

MNDan

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Quote from: bitebits on December 07, 2015, 02:23:54 AM

Quote from: kurious on December 06, 2015, 12:39:18 PM

Why has no one posted a dino-chart lately?

Whatever happened to the MagicMexican guy.... I miss dinosaurs with great hats.

*sigh*

Nostalgia ain't what it used to be....

If I am not mistaken dinosaurs live in the 600$ era.

Won't be long..........

bitebits

legendary

Activity: 2242

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Flippin' burgers since 1163.

Quote from: kurious on December 06, 2015, 12:39:18 PM

Why has no one posted a dino-chart lately?

Whatever happened to the MagicMexican guy.... I miss dinosaurs with great hats.

*sigh*

Nostalgia ain't what it used to be....

If I am not mistaken dinosaurs live in the 600$ era.

ChartBuddy

legendary

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Chef Ramsay

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Quote from: ?? on ??

Yep, you're a confirmed paranoid psychopath.

I actually wish those accounts were mine now. Not for trolling, but for your sake. So you could be right about at least one thing. Cry

Sadly, you're just a pathetic anti BTCitcoin keyboard warrior.

You seem to have an odd obsession with facials and underage individuals. Lambie, were you abused as a child? Is that why everyone professes that when you were doxxed it was brought to light you are an avid carpet muncher?

Interesting, 4 buttlickers on the way in and another 3 or more on the way out. Crotch-face loves those butts in any event. Epic crotch valuations coming up.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19965. (Read 26608860 times)