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Title: Let's show them what Bitcoin can do. Post by: cbeast on June 28, 2013, 08:40:53 PM With this new nLockTime microtransaction update coming in bitcoinj it will allegedly allow unlimited microtransactions with no fees to accumulate until one large transaction is submitted by a vendor. If this is correct, then Bitcoin will become the fastest and most powerful financial network anywhere. Let's use it, acquire statistics, and prove that Bitcoin can process the world's transactions with speed and efficiency.
Title: Re: Let's show them what Bitcoin can do. Post by: The Bitcoin Catalog on June 28, 2013, 08:44:24 PM This is excellent news!
Title: Re: Let's show them what Bitcoin can do. Post by: TippingPoint on June 28, 2013, 09:19:35 PM There is not much of an explanation here.
How is this going to make Bitcoin "the fastest and most powerful financial network anywhere"? Title: Re: Let's show them what Bitcoin can do. Post by: cbeast on June 28, 2013, 09:36:17 PM There is not much of an explanation here. Let's all play Satoshi Dice for literally Satoshis. The network should be able to handle many thousands of micro-transactions per second and match any payment system out there. Sure it won't be large amounts yet because Bitcoin is not fully capitallized yet, but lets see anyone else able to handle many thousands of µTRX/s globally, instantly, and anonymously.How is this going to make Bitcoin "the fastest and most powerful financial network anywhere"? Title: Re: Let's show them what Bitcoin can do. Post by: The Bitcoin Catalog on June 28, 2013, 09:43:21 PM There is not much of an explanation here. How is this going to make Bitcoin "the fastest and most powerful financial network anywhere"? https://bitcointalk.org/index.php?topic=244656.0 Title: Re: Let's show them what Bitcoin can do. Post by: TippingPoint on June 28, 2013, 09:55:14 PM There is not much of an explanation here. How is this going to make Bitcoin "the fastest and most powerful financial network anywhere"? https://bitcointalk.org/index.php?topic=244656.0 Thank you. That thread, in the Development & Technical Discussion forum, provides the needed explanation. Title: Re: Let's show them what Bitcoin can do. Post by: legitnick on June 29, 2013, 03:12:11 AM With this new nLockTime microtransaction update coming in bitcoinj it will allegedly allow unlimited microtransactions with no fees to accumulate until one large transaction is submitted by a vendor. If this is correct, then Bitcoin will become the fastest and most powerful financial network anywhere. Let's use it, acquire statistics, and prove that Bitcoin can process the world's transactions with speed and efficiency. This is great news. I heard about this earlier also, but dont think its going to be a big of a change in speed and efficiency as it is now. We will have to see though, a boost to Bitcoins speed is something definitely high on the need to do list. |