What's wrong with XT? - page 2. | Bitcointalksearch.org

tokeweed

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Quote from: Adrian-x on October 14, 2015, 10:49:00 AM

Quote from: tokeweed on October 14, 2015, 10:30:32 AM

Quote from: knight22 on October 14, 2015, 09:29:36 AM

Quote from: tokeweed on October 14, 2015, 08:36:55 AM

Quote from: knight22 on October 14, 2015, 08:24:57 AM

Quote from: tokeweed on October 14, 2015, 08:10:59 AM

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

So bitcoin can with the help of trusted third party?

If you want it to scale to 'Visa' like proportions, yes. Or go XT, which the majority doesn't want.

And remember, it's you who want it to scale right now. I'm fine with it evolving slowly.

Going XT allows the system to grow organically BTW. Blocks won't be filled out overnight you know? The limit is still only an anti spam limit.

I like BTC fine as it is, thanks. From nothing to worth over 200 per coin? That's not bad. Not bad at all.

Just let it evolve. No need to rush things.

I'm not convinced you understand how evolution work's or how bitcoin evolved to be worth $200+.

There are lots of hard forks in that history.

Not like Gavincoin. There's a reason why a good majority didn't like it.

Quote

Adopting one that allows more users to join the network is part of that natural evolution. If you want to see price increase with market adoption you're going to need bigger blocks.

No need to rush. Bitcoin is fine. Price is fine. Just let the Gavincoin issue go and let's move on.

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: knight22 on October 14, 2015, 09:29:36 AM

Going XT allows the system to grow organically BTW. Blocks won't be filled out overnight you know? The limit is still only an anti spam limit.

Adrian-x

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Activity: 1372

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Quote from: tokeweed on October 14, 2015, 10:30:32 AM

Quote from: knight22 on October 14, 2015, 09:29:36 AM

Quote from: tokeweed on October 14, 2015, 08:36:55 AM

Quote from: knight22 on October 14, 2015, 08:24:57 AM

Quote from: tokeweed on October 14, 2015, 08:10:59 AM

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

So bitcoin can with the help of trusted third party?

If you want it to scale to 'Visa' like proportions, yes. Or go XT, which the majority doesn't want.

And remember, it's you who want it to scale right now. I'm fine with it evolving slowly.

Going XT allows the system to grow organically BTW. Blocks won't be filled out overnight you know? The limit is still only an anti spam limit.

I like BTC fine as it is, thanks. From nothing to worth over 200 per coin? That's not bad. Not bad at all.

Just let it evolve. No need to rush things.

I'm not convinced you understand how evolution work's or how bitcoin evolved to be worth $200+.

There are lots of hard forks in that history. Adopting one that allows more users to join the network is part of that natural evolution. If you want to see price increase with market adoption you're going to need bigger blocks.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: knight22 on October 14, 2015, 09:29:36 AM

Quote from: tokeweed on October 14, 2015, 08:36:55 AM

Quote from: knight22 on October 14, 2015, 08:24:57 AM

Quote from: tokeweed on October 14, 2015, 08:10:59 AM

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

So bitcoin can with the help of trusted third party?

If you want it to scale to 'Visa' like proportions, yes. Or go XT, which the majority doesn't want.

And remember, it's you who want it to scale right now. I'm fine with it evolving slowly.

Going XT allows the system to grow organically BTW. Blocks won't be filled out overnight you know? The limit is still only an anti spam limit.

I like BTC fine as it is, thanks. From nothing to worth over 200 per coin? That's not bad. Not bad at all.

Just let it evolve. No need to rush things.

muyuu

donator

Activity: 980

Merit: 1000

Quote from: colinistheman on October 14, 2015, 10:01:16 AM

The camp against a block-size increase apparently thinks that high fees and few transactions (like moving gold once a year) is how the blockchain should be used.

View this dialogue to see why:

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/cvyfzyw

If you read the conversation, you may come to the same conclusion. These individuals do not see bitcoin as a payment network. They see it as a settlement network only.

It's a certainty that raw transactions on the blockchain don't scale to payment network levels while keeping Bitcoin decentralised.

So unless you want to destroy Bitcoin as we know it, you oppose that obtuse school of thought. Thing is, some people do want to destroy Bitcoin as we know it and have openly said it, among them the man in charge of XT.

muyuu

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Activity: 980

Merit: 1000

Quote from: knight22 on October 14, 2015, 09:57:04 AM

Quote from: muyuu on October 14, 2015, 09:55:50 AM

Quote from: mexxer-2 on October 14, 2015, 09:41:25 AM

Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

Indeed. It's where it belongs.

Thanks OP, that minimum decency is usually missing in the XT crowd, that makes you elite there.

It has probably been moved by the censoring mods. Don't delude yourself.

Why would you assume OP has no dignity? I was around and didn't see it outside of here. Unless it was moved automatically it's likely that he respected the rules of this forum and acted with a minimum of decency. Probably a wild idea for you, but not for everybody.

mexxer-2

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Quote from: knight22 on October 14, 2015, 09:57:04 AM

Quote from: muyuu on October 14, 2015, 09:55:50 AM

Quote from: mexxer-2 on October 14, 2015, 09:41:25 AM

Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

Indeed. It's where it belongs.

Thanks OP, that minimum decency is usually missing in the XT crowd, that makes you elite there.

It has probably been moved by the censoring mods. Don't delude yourself.

The only thing ridiculous is the inability of bitcoin to move forward.

Seeing as the OP himself has said nothing about it, and that I am more or less here 12/7 and I haven't noticed a "Moved to:" for this thread, I'd say the probability of what you are saying is low.
Edit: Awww come on not this discussion again, we have been over it on 100s of threads and lastly its only the hype that gets someone's attention towards it, not the usefulness.

colinistheman

hero member

Activity: 907

Merit: 1003

The camp against a block-size increase apparently thinks that high fees and few transactions (like moving gold once a year) is how the blockchain should be used.

View this dialogue to see why:

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/cvyfzyw

If you read the conversation, you may come to the same conclusion. These individuals do not see bitcoin as a payment network. They see it as a settlement network only.

knight22

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Activity: 1372

Merit: 1000

--------------->¿?

Quote from: muyuu on October 14, 2015, 09:55:50 AM

Quote from: mexxer-2 on October 14, 2015, 09:41:25 AM

Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

Indeed. It's where it belongs.

Thanks OP, that minimum decency is usually missing in the XT crowd, that makes you elite there.

It has probably been moved by the censoring mods. Don't delude yourself.

The only thing ridiculous is the inability of bitcoin to move forward.

muyuu

donator

Activity: 980

Merit: 1000

Quote from: mexxer-2 on October 14, 2015, 09:41:25 AM

Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

Indeed. It's where it belongs.

Thanks OP, that minimum decency is usually missing in the XT crowd, that makes you elite there.

mexxer-2

hero member

Activity: 924

Merit: 1005

4 Mana 7/7

Long time didn't see another XT discussion, lets just accept the fact that the idea in itself was ridiculous, maybe BIP 101 implemented seperately would be good, and it died away. Anyway, at least OP had the dignity to put this discussion in Altcoin discussion

muyuu

donator

Activity: 980

Merit: 1000

Every single difference with Core is for the worse IMO. Much for the worse, even the governance model and the people in charge are immensely for the worse.

Obviously you are free to disagree and join their rather lonely motley crew.

knight22

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Activity: 1372

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--------------->¿?

Quote from: tokeweed on October 14, 2015, 08:36:55 AM

Quote from: knight22 on October 14, 2015, 08:24:57 AM

Quote from: tokeweed on October 14, 2015, 08:10:59 AM

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

So bitcoin can with the help of trusted third party?

If you want it to scale to 'Visa' like proportions, yes. Or go XT, which the majority doesn't want.

And remember, it's you who want it to scale right now. I'm fine with it evolving slowly.

Going XT allows the system to grow organically BTW. Blocks won't be filled out overnight you know? The limit is still only an anti spam limit.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: knight22 on October 14, 2015, 08:24:57 AM

Quote from: tokeweed on October 14, 2015, 08:10:59 AM

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

So bitcoin can with the help of trusted third party?

If you want it to scale to 'Visa' like proportions, yes. Or go XT, which the majority doesn't want.

And remember, it's you who want it to scale right now. I'm fine with it evolving slowly.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: tokeweed on October 14, 2015, 08:10:59 AM

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

So bitcoin can with the help of trusted third party?

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: knight22 on October 14, 2015, 08:01:30 AM

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

Not the idea of a payment system with 'visa' scalability.

edit: BTC can, with the help of other platforms and doing off chain transactions.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: tokeweed on October 14, 2015, 12:27:19 AM

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

I'm pretty sure the $1G invested in that space that needs bitcoin as a payment system disagree with you.

Just being curious, why do you cheers for decentralized marketplace if bitcoin can't be used as a payment system?

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Bitcoin as a payment network is a futile endeavor. It's better as a store of value.

subwoofer12

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Quote from: tokeweed on October 13, 2015, 07:38:24 PM

Because Gavincoin is dead. Let's just leave it and move on.

How would you plan to address scalability then? Bitcoin XT is the best proposal I have seen so far.

Far from being dead: http://coin.dance/xt

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Because Gavincoin is dead. Let's just leave it and move on.

Topic: What's wrong with XT? - page 2. (Read 2266 times)