Quote from: dinofelis on March 19, 2017, 04:44:54 PM

Quote from: iamnotback on March 19, 2017, 03:26:54 PM

Bitcoin Unlimited is doomed now that I've shown it is based on faulty math. This is fundamental and the entire concept of unlimited block size is flawed. Once the market digests my revelation

This is an illusion. Markets don't digest mathematical revelations.

Let's put that to a test right now. I am going to refute you and let's see if the market is paying attention, because miners damn well better be paying attention.

Perhaps you haven't noticed that before I made my shocking math post, the Bitcoin price was declining, since I made my post then the BTC price has risen 5% ~~and miner support for BU has declined~~. I think the market is paying attention and that is why I am following up with more explanation (when I should be sleeping instead because it is 2:30am where I am and I am on medications).

Quote from: dinofelis on March 19, 2017, 04:44:54 PM

I think that the problem with the analysis is that you don't know the elasticity of the demand for transactions. The mathematics makes the assumption of fees independent of the pressure on the fee market. But the game is much more complicated than that: you have miners that set their own secret limits on the blocs on which they will build, and the blocs they will try to orphan, while they have their own other secret limits on the blocs they will make themselves.

One thing is very clear, and that all those strategies were already in play. What unlimited block sizes bring that is new is they hand another club membership tool for the large pools and mining farms to use against those who don't adhere to their cartel.

Quote from: dinofelis on March 19, 2017, 04:44:54 PM

In your math, you presume that network transaction time is important, but for the moment, this is not the case.

But it is instantly the case when the block size is unlimited and transaction fees can be as small as any level of spam one wants to incentivize (or even miners paying themselves the transaction fees so they can spam the other miners will huge block sizes with the disproportionate profits going to those with more hashrate, faster propagation, and secret signing agreement cartels).

Quote from: dinofelis on March 19, 2017, 04:44:54 PM

The battle will be a complex dynamics of secret orphaning sizes and own sizes. There's a contradictory force: own advantage, which is to MAKE bigger blocs, and collective advantage, which is to make smaller blocs, and trying to guess how big is the chance that by you orphaning a big bloc, you are in fact making an orphaned bloc yourself on top of it, or you will inspire others to join you.

Incorrect. I refer you to the research on optimal mining strategies. You are behind the curve of the current knowledge of the experts in the field.

Quote from: iamnotback on March 19, 2017, 07:00:39 PM

If Bitcoin Unlimited is able to create blocks Core won't accept, then it becomes an alt and everybody sells it to buy BTC. Same as for ETC dumped to buy ETH.

Everybody who waited to dump ETC was a loser, so FOMO effect will take hold again.

BU is deadman walking. Probably won't even make it to HF based on my recent technical posts.