I bet the jury still do not know what the F a Bitcoin is lolol
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Just buy Monero. It will be real cash and a nightmare trying to legalize it. At the same time, if we want a coin to be 100% mainstream success i think regularization is unavoidable.
Just buy ''insert shitcoin name''.
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So, not only we lend them our money for free so they can re-lend it and make a certain % of interest on our back but now we have to pay them ?
So we pay them for what service exactly? The service of making money for themselves out of our money ? geez thanks.
Makes sense. derp derp.
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Might... might not.
One thing is for sure, Millions Worth of USD Is Utilized By ISIS
So you believe the news? Nah there is no proof about the BTC use.
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Might... might not.
One thing is for sure, Millions Worth of USD Is Utilized By ISIS
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1k GB per year is a bigger problem than the 1MB vs 20MB thing imho or at the very least equivalent...
This is misinformation and you are confusing people. That number isn't true as it assumes we will immediately be processing 84k transactions per block which isn't going to happen. 20GB is the future limit and not the size of most blocks in the future. We are only 600-700tpb at the moment https://blockchain.info/charts/n-transactions-per-block which means we are typically 15-25% full blocks for 1MB blocks.... do you really expect this to shoot up to 100% full 20MB blocks overnight?.... it will take years to start getting close to those levels. Additionally, you are completed ignoring the work that is being completed on merkle tree pruning. P.S... You may ask yourself why bother if we aren't even fully utilizing 1MB blocks now ... the answer is that we are having more and more examples where the 1 MB block limit is preventing more transactions from confirming and this is only going to get worse with each passing day. Analogy to think about --- Why do gamers look for gfx cards that can support incredibly high fps rendering their games avg's of 120fps when their monitors typically won't reflect more than 60 fps and they would be hard pressed to tell much of a difference between 30 to 60 fps with their naked eye? Answer- because avg fps doesn't matter but minimum fps matters and if you buy a gfx card that benchmarks 1080p @ 50fps , it may occasionally dip to 10-18fps during certain moments of the game and create major moments of lag. Thanks for the infos.
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I see this topic as being retarded.
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That graph shows a pretty healthy decrease in price over the last decade. Not exponential, but linear as Gavin's projections have charted. a 4TB hard drive costs less than 135usd today guys.... have you checked prices? I currently have over 10TB in my desktop alone, space is so cheap. Additionally, the average user with a 500GB hard-drive in a laptop isn't going to be running a node regardless as they don't even know how to call up their ISP and open port 8333 to begin with . There are only between 6-7k active nodes and most are miners at the moment. I agree we should increase this amount for better decentralization , but we can do so by buying 5 dollar vps's which have much better bandwidth in the first place so, thus are preferred nodes to be distributing. 1k GB per year is a bigger problem than the 1MB vs 20MB thing imho or at the very least equivalent...
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Isnt the 1k GB per year blockchain size a HUGE issue here ?
The price of storage is exponentially getting cheaper and the 1K GB would be the theoretical maximum growth.... or not going to happen for at least a few more years. Additionally, there are attempts to work on merkle tree pruning and other solutions to reduce blockchain bloat. The reason this is important now is because their are some blocks that already are completly full at the 1MB limit. we don't want this to become the norm and have transaction fees skyrocket and confirmation times becoming 2-3 times longer. No way regular people will buy 1-5TB drives only to run a full node out of good will. This is dreaming. Less full nodes means a less secure network. I don't know much about this specific problematic but put this way i'd rather have higher transaction fees than a substantially weaker network.
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Lol so the new type of payment was.... LOVE ? Lamest thing I've ever heard.
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This would be awesome but let's face it, it wont happen.
Exactly what i was thinking.
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Isnt the 1k GB per year blockchain size a HUGE issue here ?
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It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner Wait and see
Well its not that difficult to beat any of the exchanges we've seen so far, considering the biggest one was run by Magic the Gathering card traders. lol
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The guy is so fucked its not even funny.
He's gone. Accept it.
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Don't spend your time regretting and spend it finding the next best thing, a lot of people don't think the early investor ship has sailed for Bitcoin yet!
Food for thought.
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Ah yes. The "hack".
I made a dream last night. In that dream exchange operators all over the web were taking BTC from their exchange and calling it a hack. Everybody believed it. Life is good.
Then again that is just a "dream"
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