Quote from: Arghhh on March 08, 2015, 12:12:30 AM

I just noticed that most of the 20MB opponents are altcoin supporters. They're the same people who would troll sidechain proposals too. They don't want positive things for Bitcoin.

FWIW, I do not support any altcoins. I am of the opinion that there can be only one, and that one is bitcoin.

Quote from: ajareselde on March 08, 2015, 12:37:07 AM

I dont understand whats the real problem with 20mb fork, its obviously necessary to keep up with advancement.

See this:

Quote from: danielpbarron on January 31, 2015, 07:16:10 PM

Quote from: Mircea Popescu http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

III. I don't understand why anybody would be against a larger block.

The popular name to this is "arguing to ignorance". You might also not understand why anyone would propose you wash, stop collecting broken car engines on plastic foil in front of your dilapidated motorhome or fucking your cousins. What you understand or don't understand is not a proper subject of discussion, and you aren't welcome to try and foist it on intelligent people who aren't your parents.

Quote from: sardokan on March 09, 2015, 06:00:52 PM

You need 80% of hashrate to win. Not nodes.

The miners will follow the money; not the other way around:

Quote from: danielpbarron on January 31, 2015, 07:16:10 PM

Quote from: Mircea Popescu http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

VII. The minersⁱ decide.

No, they do not. The miners make some minor decisions in Bitcoin, but major decisions such as block forks are not at their disposition alone, and this for excellent reasons you'll readily understand if you stop and think about it.

There are two specific methods to control miners on this matter, which will make the scamcoin Gavin is trying to replace everyone's Bitcoin with only replace some people's Bitcoin. The first and most obvious is that irrespective of what miners mine, each single full node will reject illegal blocks. This is a fact. If all the miners out there suddenly quit Bitcon and go mine Keiser's Aurora scamcoin instead, from the perspective of the Bitcoin network hash rate simply dropped and that's all. There's absolutely no difference between Keiser's scamcoin and Gavin's scam coin as far as the network is concerned : while one's a scammer that I humiliatingly defeated in the past whereas the other a scammer that I humiliatingly defeat in the future, this makes no difference for Bitcoin. As far as anyone will be able to perceive, miners simply left.

The second and perhaps not as obvious has nevertheless been discussed at length on multiple occasions on #bitcoin-assets. Consider this terse explanation from March. 2013.

Quote

mircea_popescu: whoever has enough money to matter is likely to pick one chain for whatever reason
mircea_popescu: since fork means btc can be spent independently on either chain
mircea_popescu: he will sell his btc on one and perhaps buy on the other.
mircea_popescu: as a result prices will rapidly diverge, panicking the mass of users, and the fork is economically resolved.

The situation here is aggravated by the fact that the fork proposed is not simply nondeterministic behaviourⁱⁱ, and so the holdings on the two chains aren't notionally equivalent. Instead, all the holdings on the Bitcoin chain are accepted as valid on both Bitcoin and Gavincoin, but holdings on Gavincoin are rejected by Bitcoin. Consequently, everyone involved with the fork is writing options to everyone in Bitcoin, free of charge. That they have no ready way to finance these should be obvious, and consequently the grim prospects of the Gavin side of the fork should be just as obvious. At least, to people who understand economy to any degree.

Quote from: justusranvier on March 09, 2015, 05:35:46 PM

What you're saying is that just because the block size limit might suddenly jump to 20 MB, there's no good reason to assume the actual size of blocks will jump at the same time.

Since 20 MB blocks aren't practical on the current network, nobody will mine them even though the protocol allows such.

Just like how Bitcoin blocks have, ever since the block size limit was implemented, always remained smaller than the limit.

For those who might still have an ear to hear:

Quote from: danielpbarron on January 31, 2015, 07:16:10 PM

Quote from: Mircea Popescu http://trilema.com/2015/third-pass-addressing-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

XI. Raising the limit doesn't force the blocks to be filled. It just gives miners the option to make bigger blocks should market conditions make it to their advantage to do so.

This is not how economics work. Quoting Buffettⁱ :

Quote

The domestic textile industry operates in a commodity business, competing in a world market in which substantial excess capacity exists. Much of the trouble we experienced was attributable, both directly and indirectly, to competition from foreign countries whose workers are paid a small fraction of the U.S. minimum wage. But that in no way means that our labor force deserves any blame for our closing. In fact, in comparison with employees of American industry generally, our workers were poorly paid, as has been the case throughout the textile business. In contract negotiations, union leaders and members were sensitive to our disadvantageous cost position and did not push for unrealistic wage increases or unproductive work practices. To the contrary, they tried just as hard as we did to keep us competitive. Even during our liquidation period they performed superbly. (Ironically, we would have been better off financially if our union had behaved unreasonably some years ago; we then would have recognized the impossible future that we faced, promptly closed down, and avoided significant future losses.)

Over the years, we had the option of making large capital expenditures in the textile operation that would have allowed us to somewhat reduce variable costs. Each proposal to do so looked like an immediate winner. Measured by standard return-on-investment tests, in fact, these proposals usually promised greater economic benefits than would have resulted from comparable expenditures in our highly-profitable candy and newspaper businesses.

But the promised benefits from these textile investments were illusory. Many of our competitors, both domestic and foreign, were stepping up to the same kind of expenditures and, once enough companies did so, their reduced costs became the baseline for reduced prices industrywide. Viewed individually, each company's capital investment decision appeared cost-effective and rational; viewed collectively, the decisions neutralized each other and were irrational, just as happens when each person watching a parade decides he can see a little better if he stands on tiptoes.

After each round of investment, all the players had more money in the game and returns remained anemic. Thus, we faced a miserable choice: huge capital investment would have helped to keep our textile business alive, but would have left us with terrible returns on ever-growing amounts of capital. After the investment, moreover, the foreign competition would still have retained a major, continuing advantage in labor costs. A refusal to invest, however, would make us increasingly non-competitive, even measured against domestic textile manufacturers. I always thought myself in the position described by Woody Allen in one of his movies: "More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray we have the wisdom to choose correctly."

For an understanding of how the to-invest-or-not-to-invest dilemma plays out in a commodity business, it is instructive to look at Burlington Industries, by far the largest U.S. textile company both 21 years ago and now. In 1964 Burlington had sales of $1.2 billion against our $50 million. It had strengths in both distribution and production that we could never hope to match and also, of course, had an earnings record far superior to ours. Its stock sold at 60 at the end of 1964; ours was 13.

Burlington made a decision to stick to the textile business, and in 1985 had sales of about $2.8 billion. During the 1964-85 period, the company made capital expenditures of about $3 billion, far more than any other U.S. textile company and more than $200-per-share on that $60 stock. A very large part of the expenditures, I am sure, was devoted to cost improvement and expansion. Given Burlington's basic commitment to stay in textiles, I would also surmise that the company's capital decisions were quite rational.

Nevertheless, Burlington has lost sales volume in real dollars and has far lower returns on sales and equity now than 20 years ago. Split 2-for-1 in 1965, the stock now sells at 34-on an adjusted basis, just a little over its $60 price in 1964. Meanwhile, the CPI has more than tripled. Therefore, each share commands about one-third the purchasing power it did at the end of 1964. Regular dividends have been paid but they, too, have shrunk significantly in purchasing power.

This devastating outcome for the shareholders indicates what can happen when much brain power and energy are applied to a faulty premise. The situation is suggestive of Samuel Johnson's horse: "A horse that can count to ten is a remarkable horse, not a remarkable mathematician." Likewise, a textile company that allocates capital brilliantly within its industry is a remarkable textile company, but not a remarkable business.

My conclusion from my own experiences and from much observation of other businesses is that a good managerial record (measured by economic returns) is far more a function of what business boat you get into than it is of how effectively you row (though intelligence and effort help considerably, of course, in any business, good or bad). Some years ago I wrote: "When a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact." Nothing has since changed my point of view on that matter. Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

So, no : infinite blocks to not give "the miners" any sort of option, because "the miners" as a collective noun do not exist. There exist individual miners exclusively, and the incentives of individuals are, should the Gavin scam actually be implemented, firmly oriented towards destroying the commons that is Bitcoin.

There's no way out of this problem, and simple ignorance of economy or game theory is not a solution.

Quote from: Arghhh on March 09, 2015, 05:49:42 PM

Then it's back to all things equal, the more numerous consensus will win. Poll above has writing on the wall.

Nope. Covered already:

Quote from: danielpbarron on January 31, 2015, 07:16:10 PM

Quote from: Mircea Popescu http://trilema.com/2015/third-pass-addressing-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

XIV. We all agree.

Good for you, too bad you're irrelevant. Bitcoin is about money and about power, not about opinion and social media. You can agree until you are blue in the face, that's not what makes a difference. Your public humiliation on this score - in case your shepherd be dumb enough to actually take the field and be humiliatedⁱⁱ - should be instructive for you.

Take notice on the why and the how you don't matter, understand why "MP doesn't cater to my idiocy which makes me want to support anything else" doesn't actually do anything, break through the shell of your own idiocy and start actually developing as a human being already. Going by your infantile behaviour this is clearly the first time you had the chance, but going by the messy state of the world around you it might actually be your last, too. Try and make the best of the very little you have at your disposal.