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Bitcoin news for the week of June 5th with your hosts @theonevortex, @lopp, @eric_lombrozo, @lightcoin, and special guest @SimonDixonTwitt!
First Half Topics:
-UASF
-State of Bitcoin
Second Half with Special Guest:
-ICOs
-ICOs vs Traditional funding
-Regulation Progress
Links:
UASF will fail so let’s not even bother to try it.
A Brief History of Bitcoin Forks
https://blog.blockchain.com/2016/02/26/a-brief-history-of-bitcoin-forks/
Satoshi Nakamoto how much is Roger paying you ??
Jihan Wu You gotta be in it to win it !!
Fantastic show Vortex, You got some good people on. Well done and a big thanks to the CORE DEV TEAM, We love you all.
Thanks so much Paula! Humbled!
When did devs dictate what software users need? Users have rejected segwit, competent devs would listen and provide a solution that meets users needs.
Can you explain how Segregated Witness does not need our needs?
“Users have rejected segwit”
False, over 95% of the network runs Core and over 80% of the hashing power and community wanted segwit in the recent New York agreement.
26:30 it really is obvious why they want to change the activation method, miners are mad they are not getting their compromise for bigger blocks, everyone wants segwit, but for miners they believe they have justification to also demand a blocksize increase. Without changing the activation method, they can’t guarantee nobody will follow through with the hardfork. This will not work because the reality is that node runners have the last say
Wow, what a guest lineup (just starting the vid) – $3K-day today!
“If we get past the scaling…” – all our heads will explode. 🙂
The miner’s job is to secure the network, for which they get extremely well paid – not to the fill blocks with spam, slow things down, increase fees, cheat in any way they can, block progress…
The artificially limited block size is what has caused the high fees , slow tx and finally the mass exodus to Alt’s. If the temporary 1MB restriction was removed certain people could not implement their theoretical layer 2 scaling / skimming system. Unfortunately they will all learn the very hard way by waking up to bitcoin losing it’s market share due to it’s high fees and ultra slow tx. You will notice the more successful Alt’s will be the ones with the fastest and cheapest on-chain tx throughput. If people don’t get rid of this temporary 1MB limit then I’m afraid to say it’s over folks. The flip will be as quick as it takes the weather to change and this idiocy of not removing the temporary 1MB limit will go down in history as one of the most foolish things ever done in this space.
Please try get some english speaking miners from China to appear on the show. How feasible is that ? Has anyone tried ?
This would be dope
Chris deRose has an interview with someone from BW. It’s the same story about not clumping “chinese miners” a
they want segwit2mb because it allows them to keep asicboost
Why do you ask “why did they delay Segwit?”, or “why are they still blocking and delaying”? You know the answer, guaranteed short term enrichment and a power trip. Say it. Let them answer it – with a good Chinese translator. They have another 6-7 weeks of crooked profits, period. – otherwise they will just continue delaying, playing upset, playing nice, false signalling, playing dumb, playing “business-like”, playing professional, playing whatever.
@JohnLight. You say you don’t understand why Segwit2x want to activate Segwit together with a lock-in for 2MB. The reason is of course that if you and many segwit(only) supporters will not honour the 2MB blockchain raise if that is not already in the software. Becuse of this new bundle everybody only need to update to get the segwit and then the software will also give people 2 MB a little later. You also say that almost everyone supports segwit. This is not true but the compromise was that if 2MB blocksize is implemented then they can live with the segwit beeing included too. Without the compromise segwit will not be close to a majority. And the “reimplementation of segwit” is just activating on a different bit (segwit is the same) so users will need to update to get the budnle. Accept the comprimise or you are the one who is stalling.
just tuning in at 8.00am London Uk and I can see you have a seriously heavyweight panel – this will go down well with my porridge
Excellent hosting of the show Vortex – The 2 hours flew by.
Great show, adding to my Play List of UASF Must Watch Video’s
Thanks Tone! You and madbitcoins did such a great job of talking about the technical details of UASF that I thought it might be more appropriate to just get a general idea of what everyone is thinking about the UASF at this time rather than dive too much into the details of how it actually works.
awesome vid huys had to break it down to a few parts to finish the whole thing butit’s a amaizing very warm chat!
Great show!!
Hi guys. Who was your guest on the latest live podcast? Can I have his Twitter account name?
Coins I have Love for wealth and profits: FastCoin (FST) and ZCash (ZEC).
FastCoin will be spiking soon as its relatively still cheap to get in!
in fact they destroyed every users mining operations worldwide, now act like idiots & earned 100s of millions with their centralized mining scams, ASICboost & chips distribution. Why the bitcoin owners will not fight back with legit power?
User activated softfork with POS to brake that idiots business finally.