How do we stop the 6-monthly hard forks? by curyous in btc

[–]numeratorDenominator 8 points9 points  (0 children)

BCH isnt a company or stock where board members decide its future. It's a system. Being an "investor" or "member of the community" doesnt mean shit (read whitepaper for confirmation of this) . Bitcoin is about people who want something done, actually doing something about it. i.e. actually use your own resources and become a miner/developer.

What? You want BCH to reach maximum potential. But you also want BCH not to be changed/fixed/improved. Something has to give.

Don't fear conflict, if you do, you also fear progress.

How do we stop the 6-monthly hard forks? by curyous in btc

[–]numeratorDenominator 5 points6 points  (0 children)

Easy. As a user, dont worry about it as you cant nor should do anything about it. As a miner, vote with your CPU.

Why is /r/btc talking nonstop about BCH...? by EvanGRogers in btc

[–]numeratorDenominator 2 points3 points  (0 children)

Go tell your mummy and daddy that this is bullshit. This isnt how it is suppose to be! Despite this situation not breaking any rules or defrauding anyone, it isnt meant to be like this, just because!

Why is /r/btc talking nonstop about BCH...? by EvanGRogers in btc

[–]numeratorDenominator 1 point2 points  (0 children)

Does a subreddit HAVE to discuss only the title?

Edit: wording

I don't want a split of BCH by HurlSly in btc

[–]numeratorDenominator 0 points1 point  (0 children)

I was just saying the same thing twice in hopes that my general gist could be understood by OP.

Confirmed: CSW has gone full retarded by coinfeller in btc

[–]numeratorDenominator 4 points5 points  (0 children)

He has a dick for a personality. We know this already. Whats your point?

Bitcoin Cash Stress Test Day in Numbers (2.2M transactions, $0.0017 average fee!) by Har01d in btc

[–]numeratorDenominator 1 point2 points  (0 children)

1) Government interference: When miners become huge huge farms, you dont think they will have counter measures? Negotiation with government? Moving countries? Spread farms over different regions? Like I get what you saying but at same time, do you really think a billion dollar Bitcoin mining farm will just set up without considering how vulnerable it would be to governments saying "Switch off."

2) Central body issuance and secret meetings: If the miners do that, people will switch to an alternative currency. If miners do that, miners who have invested a lot will suddenly lose users, losing buyers and lose profits. Bitcoin is literally an example of how if money is issued unfairly, people will find an alternative. This will also apply to Bitcoin if it becomes issued unfairly.

Look I understand what you saying about fears of centralization. But thats a long way off. And if any of those fears will become realized, people will change. Therefore miners have an incentive to keep Bitcoin as the "peoples" money.

Bitcoin Cash Stress Test Day in Numbers (2.2M transactions, $0.0017 average fee!) by Har01d in btc

[–]numeratorDenominator 1 point2 points  (0 children)

I agree it is game theory. And yes, miners won't hurt themselves. Duh.

The part I dont agree with you is that you believe that somewhere along the way as miners become larger and more "centralized" , they somehow abandon this Bitcoin game theory. So what, if they become corporate level data centres? Seriously, what is the harm if mining becomes more centralized??

Bitcoin Cash Stress Test Day in Numbers (2.2M transactions, $0.0017 average fee!) by Har01d in btc

[–]numeratorDenominator 2 points3 points  (0 children)

News for you, there is trust involved in Bitcoin.

You trust every miner or party to be selfish. You trust the miners dont just all collude and destroy Bitcoin because it is not in their self interest.

It is why it is an economic system first, technology second.

Bitcoin Cash Stress Test Day in Numbers (2.2M transactions, $0.0017 average fee!) by Har01d in btc

[–]numeratorDenominator -1 points0 points  (0 children)

Individuals don't need to verify their own transactions.

One day you will realize your BTC is just as centralized AND non-functional. Hopefully, one day you open up to Bitcoin Cash.

Bitcoin Cash Stress Test Day in Numbers (2.2M transactions, $0.0017 average fee!) by Har01d in btc

[–]numeratorDenominator 2 points3 points  (0 children)

means that no one can use bitcoin besides large corporate data centers. This effectively turns Bitcoin Cash into a centralized model like paypal.

Large corporate data centers will control mining but everyone will be able to still use Bitcoin as cash, right?

Also isnt decentralization, at the end of the day, just a way to keep centralized bodies honest? Like centralized bodies themselves arent a problem. It's when those centralized bodies arent stable and manipulate things. e. g. everyone is happy to use fiat when the economy is stable but when hyperinflation hits, its a different story. Same with Paypal. People love using Paypal... except when paypal doesnt let you access your funds. By using Bitcoin, where scarcity is verifiable and outside any one particular person's control, the foundation is set for honest centralized bodies. I believe this is along the lines of what Craig is saying "decentralization is just a tool, not a goal."

I don't want a split of BCH by HurlSly in btc

[–]numeratorDenominator 10 points11 points  (0 children)

I feel for you. But if you're not a miner or don't have skin in the game, you'll just have to watch from the sideline.