Gold collapsing. Bitcoin UP.

[cypherdoc]

@Inca It really hasn't been annoying to me at all. In fact, the opposite. A lifesaver and much more fun & easy than real estate or stocks. Bitcoin is the ideal investment; buy it and head to the beach. Instant liquidity when you need it. Infinite appreciation potential.

All things @jonny1000 doesn't have a clue about especially when he says silly things like, "I'd rather see it go to zero when it does something I don't understand or i disagree with".

 

[lunar]

Tharrrr she blows 700

 

[albin]

Look, I think Bitcoin is the People's Money.

That's exactly what my original reaction to Bitcoin was, and why I feel like alot of the small-blockist rhetoric condemning "populist tactics" and defaming democracy (which in this case isn't political democracy per se, but rather the market) is tremendously offensive on moral grounds.

 

[Peter R]

Part 5 of 5: Massive on-chain scaling begins with block sizes up to 20MB.

https://medium.com/@peter_r/towards-massive-on-chain-scaling-block-propagation-results-with-xthin-5145c9648426

Final post of the Xthin article series.

 

[lunar]

@Peter R Fantastic as usual. I believe you meant to say.....

60 transactions/sec, 20 MB blocks

“With Xthin, efficient block relay is now a reality.”

 

[albin]

I like that term "Optimistic mining", that's like the perfect way to describe it.

 

[cypherdoc]

To add to the offensesiveness, is the aggressive, condescending, often ignorant and presumptuous manner with which nullc, Luke, and less so Adam argue.

That's exactly what my original reaction to Bitcoin was, and why I feel like alot of the small-blockist rhetoric condemning "populist tactics" and defaming democracy (which in this case isn't political democracy per se, but rather the market) is tremendously offensive on moral grounds.

 

[Peter R]

@Peter R Fantastic as usual. I believe you meant to say.....

60 transactions/sec, 20 MB blocks

“With Xthin, efficient block relay is now a reality.”

Isn't that what it does say? I can't see the mistake.

 

[Erdogan]

Look, I think Bitcoin is the People's Money.
...

Private, free market sound money for the people of the world.

 

[cypherdoc]

Money that is accessible and affordable to all. Apolitical money. The separation of money and state. Monetary freedom. Money that travels the Internet seamlessly across borders. Money of the Internet, by the Internet, and for the Internet.

I believe these are principles completely foreign to kore dev.

 

[lunar]

@Peter R

Sorry didn't mean to imply that. I was just SHOUTING from the rooftops how good Xthin is.

 

[Peter R]

@lunar -- oh I see. In that case, yes, that IS what I meant to say!

 

[jonny1000]

You are a supporter of enabling a tiny minority to eliminate an essential consensus rule (Blocks must not be full)

That is not a rule enforced by nodes

 

[Inca]

Perhaps we should have a bitcoin party if we break the ATH on this run up?

 

[Zangelbert Bingledack]

@Inca

At this rate that'll be in just a few weeks. Maybe a 10K party?

 

[jonny1000]

I was checking google trends for Bitcoin and I noticed a strange thing: the first place is... Ghana!

Ghana is the default 0-0 coordinate, when Google can't get the location it just puts 0-0 in. See I can make some neitral non blcoksize comments.

 

[Inca]

@Robert Frost: checkout coinbase.com or circle.com

 

[jonny1000]

All things @jonny1000 doesn't have a clue about especially when he says silly things like, "I'd rather see it go to zero when it does something I don't understand or i disagree with".

If we maintain the property that a HF is avoided, without strong consensus and the price goes to near zero, there is at least the opportunity Bitcoin can pick up again. If a consensus rule is eliminated without consensus, Bitcoin is as good as dead.

As a long term value investor, short term price fluctuations do not concern me much. I belive in Bitcoin for the long term, due to its unique robustness, driven by the design feature that the rules can not be eliminated without strong consensus from the entire community.

Lets get to 2MB, but please let the people who agree with me about robust rules stay on the same chain with you. Can you do that?

 

[Dusty]

Ghana is the default 0-0 coordinate, when Google can't get the location it just puts 0-0 in. See I can make some neitral non blcoksize comments.

Thanks for the info, didn't know that.

 

[jonny1000]

What convinced me to get into Bitcoin back in Jan 2011, way earlier than you

If you want to assume bad faith then fine. If you assume good faith then please listen when I try to explain this dispute. Many people, including me, made these assumptions about how difficiult it was to do a HF in the 2010 and 2011 period, we made asuumptions on top of these and became more conviced of these assumptions as Bitcoin succeded. You clearly made a different set of assumptions, that is why there is this dispute. We have deeply held views going back years.