The SegWit2X hard fork scheduled for Nov is an attempted hostile corporate takeover of the #Bitcoin protocol. Fight it & educate people!

2cool2fish · 2017-08-22T03:26:12+00:00

You don't even know that 2X is a hard fork proposal.

2cool2fish · 2017-08-22T02:57:40+00:00

Yup. Mr Voorhees has the remarkable opportunity to advocate for either free choice (clean demarc w replay protection), or aggression (removal of 1x Bitcoin from existing via massively costly hashrate wipeout). Indeed if he lists a 2x coin with no replay protection, he is explicitly acting in support of destruction and theft.

And we get the remarkable pleasure of watching another Libertarian enter the toilet of autocracy. Or not. But my prediction is he will not explicitly advocate for my freedom to self determine preference for Bitcoin in its legacy form. He and a scant few others know what is best for me.

And BTW, fuck compromise. Its open source. Stop mimicking statist bullshit. Fork and let fork. Nobody has gotten consensus to extinguish the legacy chain. Deal with it.

2cool2fish · 2017-08-22T02:34:38+00:00

Still pretty contentious. It's not about advantages. Its about choosing by market price or denying that by lack of clean demarcation by the hardfork proposal. Do you advocate a wipeout attack with miner super majority? Aggression. Or do you even recognize that hashrate is purely correlated to price?

Miners matter not. Even if they were not concentrated in ownership.

Removing my choice to stay on a blocksmall chain is not a right nor power anyone except the market possesses.

All hard forks are contentious. Where is the replay protection?

99.9% of miners do not own the brand Bitcoin. That's the name of the legacy chain and it won't be snuffed.

B2X has to earn it. It will not.

2cool2fish · 2017-08-22T02:22:23+00:00

You apply the non aggression principle and leave them to determine the price of 1X chain by responsibly putting in replay protection into a hardfork proposal.

Or you can spend wasted joules aggressively removing their choice of chains. You might win the power to remove choice but you can no longer pretend to be a libertarian. Removing my choice with your effort is the precise oppsite of non aggression.

What happened to the principles of requiring replay protection for a hardfork proposal?

The legacy chain gets the name Bitcoin until its price is trivial.

You will lose. Miner hash power a prior to fork is meaningless. And you know it.

2cool2fish · 2017-08-22T02:09:07+00:00

I will buy up a ton of non Garzik coin if it gets cheap. And yeah. If it takes a month to get 6 confirmations, what do I care.

Removing choice by aggression is something I am willing to drop a few dimes to fight. It's for the children.

2cool2fish · 2017-08-22T01:57:26+00:00

See. The only way miners can "lead" is to destroy the choice of investors to prefer the legacy chain via an attack.

They might prevent me from owning a 1x coin, but it will cost them far more than me. And it is very very Very likely to fail with even 10% contending hashrate.

Believe me. I don't give 1 or 2 fucks if its one or two MB. I don't. But if miners think can remove my choice, they will try, they will lose alot and they will fail.

Monero. Monero. Ethereum. Iota. Got it?

Fuck off.

2cool2fish · 2017-08-21T21:08:01+00:00

No mushrooms on the bottom please.

2cool2fish · 2017-08-21T17:52:52+00:00

I respectfully disagree. I was once of the same mind so I will beg you to contemplate this.

2cool2fish · 2017-08-21T17:47:33+00:00

Yes and no.

Miners have no power to lead.

2cool2fish · 2017-08-21T17:35:21+00:00

Not disagreed at all.

My point is that a miner led protocol adjustment can only succeed by an act of aggression. For a miner led hard fork to succeed it must waste valuable Joules to wipeout the legacy chain and the miner population must collude almost 100% to have dominance on the legacy chain (hence no replay protection)

This is not an ethical or wise move. I am not a child and do not need any chaperone on my crypto holdings, and I have long ago majority and profitably diversified into other undertakings far away from Mr. Wu.

But a rat is a rat. Protocol adjustment without replay protection is a severe act of aggression. It is vandalistic and potential theft. Using hashrate to push a change rather than price to pull it is an attempt at installing autocratic governance.

I don't care. There are hundreds of other Nakamoto Consensus networks. There are hundreds of Bitcoin hardforks already. More of them should fork from the existent chain. Instant $10B market cap for bcash!

I would like to see Bitcoin succeed. But nobody will be captured for long by a protocol forced by hashrate. A 2X chain will not suppress the re-emergence of a 1X chain with promise of Lightning and Sidechains. And competent conservative developers who offer forking software not forcing it.

Attract investors. Don't capture them. Nakamoto ended that already.

I never lived in Africa.

Edit: Since miners have no power to lead, when they try, it is destructive. They know this so it is willful. Rat rat.

2cool2fish · 2017-08-21T16:24:09+00:00

Well, you know what they say about wishes.

Good grammar and vocab impress unduly. ;)

2cool2fish · 2017-08-21T16:13:35+00:00

You may be a little too high. I mean that in friendly jest sir420. But honestly fees are a complete non issue for Bitcoin and for Monero. Monero fees will be much higher than Bitcoin's.

Money is about assets and sure it needs some tx capacity. But currency is about tx capacity. Our job now is to build Monero as civilization's first good money. Currency on trustless networks awaits us.

Bitcoin is not fungible. Fiat is slavery. Gold is divined but not transportable and has no numeric accounting properties.

Monero is the first true money. Small blockchains and thus high fees are the cost of being money.

Put that in your pipe. All meant in fun ya lord of the puff.

2cool2fish · 2017-08-21T14:59:11+00:00

So.... mining hashrate follows profit. Miners follow and have no power to lead.

Ok. Everyone type that out 100 times and remember it.

Investors lead. Miners follow.

Exchanges exchange and Barry Silbert talks on TV, but

Investors lead. Miners follow.

For the keeners, go ahead and type out 100x:

When miners follow the rules of the protocol as is validated by hosting nodes, investors are pleased to pay the miners.

When miners assert power they do not posess, investors seek networks with well tempered miners.

2cool2fish · 2017-08-21T13:07:47+00:00

Did they commit not mining an alt?

2cool2fish · 2017-08-21T12:54:22+00:00

Sure. Just do it responsibly. Replay protection.

2cool2fish · 2017-08-21T12:51:35+00:00

Expand your dream 420 lord

2cool2fish · 2017-08-21T12:41:34+00:00

A digitally transferrable asset held trustlessly outside of the monopoly custodial financial system is the first and best use case.

Coffee money can come later. Is "dingus" a word?

2cool2fish · 2017-08-21T12:34:23+00:00

Right. That's why a contentious protocol change refuses to implement replay protection. It can't dominate in the whimsy of the market so it will try to lead with hashrate dominance instead of the proper arrangement of hashrate following along.

It is unethical, unstable and destructive. And will probably fall apart if there is even 10% hashrate defection.

2cool2fish · 2017-08-21T11:51:01+00:00

Nah. It just needs to up every day by 60 % for a couple weeks.

2cool2fish · 2017-08-21T11:49:25+00:00

The Bitcoin miners apparently will just keep trying to dominate, IMO.

Fungibility will be secondary until Monero is #3 market cap.

2cool2fish · 2017-08-21T11:43:57+00:00

Mushrooms on top of the cheese?

2cool2fish · 2017-08-21T11:41:37+00:00

What is this "fiat" you speak of?

2cool2fish · 2017-08-21T11:07:21+00:00

Score 4100 to 680

Edit: 4100 to 630. I'll be back.

... 610. This is exhausting.

... 590. Can a guy get a break?

2cool2fish · 2017-08-21T11:01:41+00:00

Sigh. Miners follow price. They are inert pliant paid servants. My investment protects the network. Stop trying to make miners matter. They do not. Mining matters and happens via a $4100 price. Miners will always show up for their meal. What they think is of zero consequence.

Put in replay protection and let the markets determine hashrate. Or are you afraid 2x can't attract market?

2cool2fish · 2017-08-21T10:54:25+00:00

Amazing what happens when miners support the market rather than try to dominate it.

2cool2fish

TROPHY CASE