Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 03/01/2015, 17:19:34 UTC

I suspect most people who have been trolling Adam and the sidechain developers have ulterior motives. They probably either hold large Alt coin hoards, are part of alt coin development teams or have other vested interests that the sidechain project would directly compete with/make redundant.

You can't lump me into this generalization. Anyone who had followed this thread for the mere 3.5 years of its existence knows I'm an altcoin and Bitcoin 2.0 hater as I believe they're sucking badly needed capital away from Bitcoin temporally. Doesn't mean  I don't think they have a right to compete fairly by not bring able to change Bitcoins source code. 

The spv verify opcode looks to me like to me to be in the class of a generically useful inclusions which anyone is free to use for a variety of developments or optimizations of existing developments.

Do you suppose that anyone involved with Bitcoin dev had any ideas or involvement in efforts which could have made use pay-to-script-hash when it was integrated?  I don't remember you pitching a bitch about that.

I'm sure we are going to hear howls of rage from you if/when there is call for a hard-fork to raise the transaction rate cap because someone involved in Bitcoin dev might also have involvement in a tangential effort which might benefit by increased transaction rates.  Right?

A reasonable hypothesis explaining the resistance to sidechains is that the failure of crufty old Satoshi-esque code and ad-hoc unencapsulated network transport is actually a very desirable thing to some and the trajectory of their strategy depends on it.  Sidechains could extend the life expectancy of ad-hoc collection of unencumbered organic solutions.



fundamentally, none of the technical enhancements to Bitcoins money function couldn't be done on the MC.  not easy to gain consensus but it CAN be done.  i'm all for that.  this is what we have testnet and federated server SC's for.  experimentation.  esp when we're only at the $4B market cap.

it also looks like CP and colored coins will bring us other assets to MC.  that's good too.

about 90%+ of satoshi's code has been rewritten.  we ARE seeing steady improvements to the code like the recent 0.1 with 3h MC download times now.  that's an extraordinary improvement of about 10x.  i put up that link of that Seagate 8TB SSD the other day.  storage is outpacing MC growth and now costs $0.03/GB.  i'm actually quite satisfied with where we are even now.  with a few, or even one, tx hop one can have provable deniability for anonymity reasons if they want.  10 min block times isn't conceptually ideal but works perfectly well for me.  i'm not sure what all the complaining is about.

who knows how much further MC achievements might have been accomplished if BS core devs were spending all that time working on Bitcoin Core that they undoubtedly have been dedicating to the spvp for the last year and a half.  forget that shit and get behind Gavin and increase blocksize.  now is the time to do this.

fundamentally, i think allowing an offramp for BTC units over to insecure SC's is economically and technically flawed for all the Sound Money reasons i've already articulated.

improve the MC; it's not that hard.