Gold collapsing. Bitcoin UP.

[Mengerian]

Latest KNC block back to version 4

 

[freetrader]

Wow, didn't know (or care) that bitcoinwisdom runs on PHP, until:

Undefined offset: 99 /var/www/bitcoinwisdom/tmp/app/cono/root.php : 199

[ There we go, glitch is over after a few minutes. Whoever updated this might not get fired ]

 

[cypherdoc]

[doublepost=1456445737][/doublepost]

 

[solex]

BU v0.12 announced on reddit.
This software is a nuclear bomb on the 1MB.
Anyone who still argues for it has a hidden agenda about preventing Bitcoin scaling.

You can't see the 1MB under that because the fricking thing is vaporized!

 

[dlareg]

Wow. Amazing work with BU v0.12 guys! The feature set is absolutely fantastic. Getting chills down my spine!

 

[freetrader]

BU v0.12 announced on reddit.
This software is a nuclear bomb on the 1MB.

Well now that a nuke has been spent on this release, we're gonna need to think of some more powerful weapon systems for the next releases

Belated release nickname: 'Fat Boy' (i know, probably inaccurate)

 

[solex]

The next weapon is Peter R's subchains.
I'm sure there's something on Star Trek which will capture the impact of that.

 

[lunar]

Subchainspace

 

[cypherdoc]

I've asked twice now. Why won't he answer me?

 

[AdrianX]

@cypherdoc Who is sysman and what is FB?

 

[bucktotal]

@Norway https://monegraph.com/

@AdrianX probably BitFury (BF)

 

[freetrader]

BF = www.bitfury.com , an ASIC producer

I think sysman is Alex Petrov (https://github.com/sysmanalex), been named as CIO (ref. https://bitcoinmagazine.com/articles/bitcoin-roundtable-announcement-thwarts-bitcoin-classic-launch-1455412826)

 

[cypherdoc]

 

[rocks]

I've asked twice now. Why won't he answer me?

Because he doesn't have an answer since he hasn't thought about the issue at all, and doesn't care about it one way or another.

And yet he has infinitely more votes than everyone here combined

 

[rocks]

Luke demonstrating more competence

 

[albin]

All you silly kids trying to improve relay! This is all worthless when we can just make nodes less resource costly by completely abandoning tx relay!

https://bitcointalk.org/index.php?topic=1377345.0

 

[solex]

@albin
Wow. So he has determined experimentally that real-time tx propagation is 88% of bandwidth usage and block propagation is 12%.

In which case the 2MB is needed immediately! Only another 12%. The flow of new transactions is independent of block-size and magnified if people try to re-submit with RBF in a bidding war for limited block space. Coming soon to a congested network: wallets with automatic RBF incrementing.

Of course what is missing is the data burst factor. The network has a lot of capacity for real-time tx, but block propagation is on the critical path for miners.

I think Maxwell's timeline is clear:
2004 Prove that inflation-controlled digital currency can't work.
2008 Proven wrong by Satoshi
2012 Begins spreading meme to Core Dev about how broken Bitcoin is
2016 Bitcoin finally gets broken and alts like Etherium are rampant
2020 Lightning Network ready to save the burnt-out shell of Bitcoin but Maxwell is proven right after all.

 

[Norway]

Democracy at work! F2Pool now has 34% of hashing power.
https://blockchain.info/pools?timespan=24hrs

 

[bluemoon]

F2Pool growing fast on the back of supportive noises towards Classic?

No wonder they got a dose of DDoS.

 

[satoshis_sockpuppet]

lol I'm not sure, Mr. Mow was aware of the irony of this:

Coming from the guy with ~10 tweets per minute..