Gold collapsing. Bitcoin UP.

[cypherdoc]

"Since forking away from the current miners (changing the PoW) has a cost, once the cumulative damage from errant miner softforks and miner refusal to perform valuable hardforks exceeds the cost of PoW change, they get forked off." - @Zangelbert Bingledack

I really don't put this primarily at the feet of the miners but instead kore dev.
[doublepost=1465729835][/doublepost]Turning them into zombies that accept ANYONECANSPEND does not qualify as a fully validating node.

They do...

 

[Zangelbert Bingledack]

@cypherdoc

Yeah I'd phrase it as:

"If the miners follow Core too far instead of following the market, they'll get forked."
[doublepost=1465730097][/doublepost]The exponential slope since this rally started is roughly the same as in early 2013, meaning we're on track for that nice sweet and steady 5-week doubling time. (The blue lines are parallel.)

If things go that way, the all-time high will be history by mid-July, and in August we'll see a real shot at touching quintuple digits before settling down around maybe $4000 for a while.

The outcome of a full repeat of 2013 would be a new bubble peak of around $50,000, but I wouldn't want to speculate on that yet.

 

[Erdogan]

"Since forking away from the current miners (changing the PoW) has a cost, once the cumulative damage from errant miner softforks and miner refusal to perform valuable hardforks exceeds the cost of PoW change, they get forked off." - @Zangelbert Bingledack

I really don't put this primarily at the feet of the miners but instead kore dev.
[doublepost=1465729835][/doublepost]Turning them into zombies that accept ANYONECANSPEND does not qualify as a fully validating node.

Anyonecanspend is a bug in the rules.

 

[jonny1000]

Turning them into zombies that accept ANYONECANSPEND does not qualify as a fully validating node

My point was they do see them as valid. Stop changing subject.

Full nodes already accept anyone can spend, so it's not turning them in to anything. They still check everything except the signature so how is that a zombie? Also do you have a link where you complained last time a change equivalent to this happened? If so I would be able to be more certain of the authenticity of your concerns

 

[cypherdoc]

@jonny1000 No

No, they really don't see them as valid at all until they arrive in a block. In fact, they are seem as non standard and won't get relayed as a result.

Btw, you always talk about Sybil. How do you prevent Sybil of old nodes?

 

[jonny1000]

The exponential slope since this rally

Yes the price is going up and a "fee event" never destroyed the network. Luckily the increasing price has distracted many large blockers providing a possible rest bite. In contrast small blockers need to remain vigilant and defend the existing rules.

When the price falls again please do not blame the Core team.

 

[Zarathustra]

"Yes the price is going up and a "fee event" never destroyed the network."

For half a year now the market begins slowly but steadily to price in that the domination of the sado-maso church of The Kore Gang will eventually have been overcome and the artificial fee market can't be enforced by organized violence of those attackers and traitors.

It would have been a shame to this libertarian project if the totalitarian behavior of that company and its representatives with their disgusting business plan including an idiotic full block strategy would be successful.

 

[jonny1000]

@jonny1000 No

No, they really don't see them as valid at all until they arrive in a block. In fact, they are seem as non standard and won't get relayed as a result.

Btw, you always talk about Sybil. How do you prevent Sybil of old nodes?

Yes, I am talking about Bitcoin blocks not the p2p relay network.

Please explain what new Sybil attack this opens up?

 

[AdrianX]

You're digging your own grave here, buddy. Existing nodes do not recognize SegWit transactions as valid.

So practically speaking SegWit is not even Bitcoin if you think valid Bitcoin transactions need to be relayed and accepted by Bitcoin nodes.

SegWit is a Collusion attack, miners and developers colluding against the entire network. @jonny1000 is advocating I stop supporting Classic and Bitcoin for that matter ie. give up any influence I may have as a user and accept 95% extreme consensus one derived by miners and Core developer collusion and let them change Bitcoin into something not even a single bitcoin node today will recognize as Bitcoin.

The real tragedy is he'd rather see bitcoin value drop to zero than follow the majority of existing nodes, but then he is quite happy giving authority to some ruling class and have them turn bitcoin into something an existing bitcoin node does not recognize as bitcoin.

That old world model is dead.

 

[cypherdoc]

@jonny1000
A miner, like BTCC, who admittedly has 100 full nodes scattered round the world could surround your old node with a self mined double spend .
[doublepost=1465733711][/doublepost]When the price falls again please do not blame the Core team."-@jonny1000

Its always heads I win, tails you lose, with you.

Yes the price is going up and a "fee event" never destroyed the network. Luckily the increasing price has distracted many large blockers providing a possible rest bite. In contrast small blockers need to remain vigilant and defend the existing rules.

When the price falls again please do not blame the Core team.

 

[cypherdoc]

 

[Erdogan]

The fee market is support for larger blocks. At high fee, consume less transactions, produce more block real estate.

The users can now envision larger capacity, they see the system works also under stress, therefore they want to hold, therefore price of the coin itself goes up.

Life is good.

 

[Zarathustra]

The Japanese finally discovered Bitcoin:

http://bitcoincharts.com/charts/coincheckJPY#rg1460zigWeeklyztgSzm1g10zm2g25zvzcv

 

[Erdogan]

I expected week long confirmation times - but no. The market works. It will work also for the blocksize.

 

[Norway]

The spread between Bitfinex and Huobi is about USD 25 per btc.

I like huge spread.

 

[cypherdoc]

@Norway

Expect to be dragged up kicking and screaming!

 

[Norway]

This page is quite funny:
http://fiatleak.com/

 

[theZerg]

@Norway

Expect to be dragged up kicking and screaming!

But where's the volatility expected after a rise like this?

 

[bitsko]

@jonny1000, enjoy your brief moment of rest bite, there is no status quorum, shit may get fannish when the cartel realizes theyve been 100% duped by the core development team.

Everyone else; if you sold, I hope you have no regrets. Im in it for a store of value.

I agree with Falkvinges standpoint, and hope for success however it comes.

 

[jonny1000]

The real tragedy is he'd rather see bitcoin value drop to zero than follow the majority of existing nodes

Please stop mischarectising my position. I would rather the price drop to near zero, than have a simple majority be able to eliminate an existing consensus rule and have the new thing be called Bitcoin, despite significant oposition. I only want a very strong majority to have the ability to do that, or Bitcoin is useless in my eyes.

Please don't reply with:
1. Oh but not hardforking is a change - that is simply not what I mean
2. Oh but you can keep your small block coin - That is fine, but if the new coin is called Bitcoin and is regarded as Bitcoin, the minority has lost
3. But we never have a strong majority - Watch CSV, just watch it... 95% in the last 24 hours, even though its a SF, despite teh large blockers saying 95% cant be done...