all right an insurance company investing wing invested in Blockstream, I can understand why this could like some kind of "conflict of interests" or something like that, I dont, investors looking to make money I think its silly to think its some kind of conspiracy to topple crypto as if this section of AXA were trying to maintain the fiat status quo.
Care to adress my other questions please, especially the technicals those are interesting to me, to sum up:
Why does segwit activation insures that only blockstream can develop and nobody else?
You didnt adress my points about mining centralization in on-chain scaling solution, just saying "but BTC is developer-centralized" is not an answer.
Why does segwit activation insures that only blockstream can develop and nobody else?
I am not sure exactly how it works but for example see screenshot below litecoin doing changes to protocol whilst not needing to do a hardfork - they do not need miners to upgrade. He can just implement it like windows updates.
You didnt adress my points about mining centralization in on-chain scaling solution, just saying "but BTC is developer-centralized" is not an answer.
The main argument is that mining centralization will not happen if you increase the blocksize to 8MB. But at least you allow for the network to get rid of congestion whilst other technologies are being developed. Instead of congesting network making it unusable for small transactions. Most people only oppose blockstream because they are in the pocket of bankers.
why not dump all your btc and hold bch. you have your fork. stand by it.
Why would I risk it. I'll just hold both. I did get extra BCH tho
Also because markets can stay irrational for long time. The blockstream have been very successful with censorship to convince many people to follow them blindly. As well as now is the time when institutional money will flow in at a crazy rate into the ecosystem and everyone mostly knows only bitcoin.
I am not saying bitcoin will go down tomorrow or in a month time. Until then it can reach 50k for all i know.
Why does segwit activation insures that only blockstream can develop and nobody else?
I am not sure exactly how it works but for example see screenshot below litecoin doing changes to protocol whilst not needing to do a hardfork - they do not need miners to upgrade. He can just implement it like windows updates.
You didnt adress my points about mining centralization in on-chain scaling solution, just saying "but BTC is developer-centralized" is not an answer.
The main argument is that mining centralization will not happen if you increase the blocksize to 8MB. But at least you allow for the network to get rid of congestion whilst other technologies are being developed. Instead of congesting network making it unusable for small transactions. Most people only oppose blockstream because they are in the pocket of bankers.
why not dump all your btc and hold bch. you have your fork. stand by it.
Why would I risk it. I'll just hold both. I did get extra BCH tho
Also because markets can stay irrational for long time. The blockstream have been very successful with censorship to convince many people to follow them blindly. As well as now is the time when institutional money will flow in at a crazy rate into the ecosystem and everyone mostly knows only bitcoin.
I am not saying bitcoin will go down tomorrow or in a month time. Until then it can reach 50k for all i know.
You should be careful to take strong positions when you dont understand the technicalities.
Roger Ver has tweeted about 1GB blocks, their idea of bitcoin isnt to just gain some time with 8MB blocks to then develop 2nd layer solutions, their idea is to keep scaling on-chain and that would certainly centralize mining as the difficulty to mine would increase exponentially.
You believe the success of BTC is because of some fucking forum moderation on Reddit? lol come on. It has always honestly puzzled me why such a silly claim by Roger has become so important for people like yourself.
I don't care about Roger.
As far as I am concerned there is a choice of
1) Go with Blockstream core - supported by Banks linking to a dude that sits on Federal Reserve
2) Go with the Community (whichever way they achieve scaling)
If you want to go with the bankers, its your choice
1) Go with Bitmain - supported by embezzlers and ex-convicted criminals
2) Go with the coummunity (whichever way they archieve scaling)
See how intellectually dishonest is to frame the argument in that faux dichotomy?
I dont go with corestream, I go with the scaling that keeps Bitcoin mining decentralized, which gives censorship resistance, attribute that for me is more important than temporal lower transaction fees
spets. since you keep spewing all the propaganda against core and btc, seriously, then dump btc and stick to the fork that you asked for. but if you're really holding btc because you think it's going to $50,000. then keep quiet about all the bs. let's be real. we're in this for the money.
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
if you really stand by it then dump btc and hold your precious decentralized bch.
and how do you figure that btc is becoming centralized? core cant implement anything without the community coming to consensus. all they can do is propose. its up to us if we decide to run it.
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
For example, look at this shit:
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
FTFY
Roger became a millionare and CEO at age 25 unrelated to crypto and a billionare in his 30s... If you think that is just dumb luck then you are also not thinking clearly.
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
FTFY
Roger became a millionare and CEO at age 25 unrelated to crypto and a billionare in his 30s... If you think that is just dumb luck then you are also not thinking clearly.
he also sold a high volume of firecrackers and sent them through the mail and went to prison for it. he's also proposing that it's possible to have 1gb blocks.
if money and success mostly makes a person brilliant for you, then be my guest.
"btc1 nodes stuck on block 494782 even though the fork was supposed to occur on block 494784. Turns out @jgarzik can’t even trigger a hard fork without messing things up! Shame on the companies that wanted to damage a $100B network by trusting this idiot."
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
FTFY
Roger became a millionare and CEO at age 25 unrelated to crypto and a billionare in his 30s... If you think that is just dumb luck then you are also not thinking clearly.
he also sold a high volume of firecrackers and sent them through the mail and went to prison for it. he's also proposing that it's possible to have 1gb blocks.
if money and success mostly makes a person brilliant for you, then be my guest.
I would qualify the vast majority of self-made millionares under 25yo as brilliant, it would be quite ridiculous not to when I wasn't able to do it myself
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
FTFY
Roger became a millionare and CEO at age 25 unrelated to crypto and a billionare in his 30s... If you think that is just dumb luck then you are also not thinking clearly.
he also sold a high volume of firecrackers and sent them through the mail and went to prison for it. he's also proposing that it's possible to have 1gb blocks.
if money and success mostly makes a person brilliant for you, then be my guest.
I would qualify the vast majority of self-made millionares under 25yo as brilliant, it would be quite ridiculous not to when I wasn't able to do it myself
i get it. but i wouldn't go far to call roger ver brilliant.
On November 17 2017 01:35 spets1 wrote:
and you would rather bet decentralization being achieved by bankers? They love centralization. I give up on you baal. I thought u were anti-bank. You can solve a scaling issue technoogically, you cant get rid of bankers once they take control
Im hedging my bets on the community that initially created and developed the concept
I have been blockchain fan since bitcoin was $4 dont tell me im just in it for the money(altho im not complaining about the gains) - but it is becoming about money with everyone else, blindsided by $$ whilst the take over taking place.
I am in general anti-bank, and believe me I want to like Roger, he is an individualist, anarcho capitalist and absolutely brilliant and I like his conviction story however he seems to enjoy power too much and that fault destroys him, he makes super aggro plays to pursue what he believes is the future of BTC and I think he has lost clarity in this process.
For example, look at this shit:
If the SEC had oversight on crypto Roger would deservedly be in jail again, that was the biggest market manipulation in the history of crypto and a direct attack on bitcoin.
And you can't just "descentralize with technology" the centralization is a planned thing to gain control on BTC as mining bigger and bigger blocks becomes incresingly difficult for smaller rigs.
I understand the position of antagonizing banks, but I think its nearsighted to simply take the opposite position Blockstream takes for no other reason than to oppose them
What that chart? Can you explain?
In US everyone is happy as long as all the prices are rising. Unless its crude oil - Marc Faber
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United States. Nov 27 2017 17:34. Posts 8955
