BLOCK SIZE: BITCOIN DOES NOT SCALE EFFECTIVELYThe current 1 MB blocks allow a theoretical maximum of 7 transactions per second at 250 bytes per transaction. Let's scale up to half of Visa's capacity of around 22,000 transactions per second: 10,000 Bitcoin transactions per second requires 1.6 GB blocks and would result in a block chain that grows by 87 TB (Terabytes) per year, consuming storage of 1.5 TB per week. (The above example does not take into consideration the impossibility of this theoretical scenario due to lag introduced by transaction and block validation - pushing 1.6GB blocks around the network for consensus seeking). bitcoin mining imageThe effect on Bitcoin mining - the core security mechanism of the network - will be that centralization becomes inevitable. Assuming the protocol could handle this amount of traffic - which it cannot - how many of today's miners will be able to afford the hardware and infrastructure required? Who, except a wealthy few, could afford to run their own fullnode to contribute validation and security to the network? https://www.cryptocoinsnews.com/block-size-bitcoin-not-scale-effectively/ Well... Were fucked! Lets clone Etherium Guys! (NOPE!) Bitcoin has left the building. Allow me to correct this. First of all , by transactions per second what do you mean? As someone very very familiar with BTC code base and the goings on, i can tell you the above assumptions are false. Per second , the network can handle as many transactions as are thrown at it and it can propagate. Confirmation time is the bottleneck that this ill written article is trying to allude to. Now, let's do some math, @7 tx/s per MB, let's instead of modifying the block size, we modify time span, down to a minute and bloc reward to 1/10th of current (maintain the status quo vis a vi moneysupply and emmissions plan). We now have 70 tx/s and even now we can't hit that peak yet..... let's go further in a bid to stave off any further modifications for the foreseeable future and push our blocks to 20 MB (this is the current situation in BCR, tried and tested)..... we now have a limit of 1440 tx/s while keeping the basic system of block[{tx}, {tx}] (edit)For the crazies:- let's have 100 MB blocks then and top off @ 7200 tx/s Pitfalls Users in some areas may have difficulty with downloading a full (if it ever gets there) 20MB block per minute (this is assuming this happens in the next 5 years, if not most will have capable net connections) The orphan rate my increase slightly But let's now run a comparison, do you know how much infrastructure is invested in VISA? By any standard 1440 tx/s in a decentralized database is far greater achievement than 10K tx/s in a centralized database. That's Chinese for me, but now that you are here and looking and this coin struggle to find a Dev, why don't you jump on board? |
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BLOCK SIZE: BITCOIN DOES NOT SCALE EFFECTIVELYThe current 1 MB blocks allow a theoretical maximum of 7 transactions per second at 250 bytes per transaction. Let's scale up to half of Visa's capacity of around 22,000 transactions per second: 10,000 Bitcoin transactions per second requires 1.6 GB blocks and would result in a block chain that grows by 87 TB (Terabytes) per year, consuming storage of 1.5 TB per week. (The above example does not take into consideration the impossibility of this theoretical scenario due to lag introduced by transaction and block validation - pushing 1.6GB blocks around the network for consensus seeking). bitcoin mining imageThe effect on Bitcoin mining - the core security mechanism of the network - will be that centralization becomes inevitable. Assuming the protocol could handle this amount of traffic - which it cannot - how many of today's miners will be able to afford the hardware and infrastructure required? Who, except a wealthy few, could afford to run their own fullnode to contribute validation and security to the network? https://www.cryptocoinsnews.com/block-size-bitcoin-not-scale-effectively/ Well... Were fucked! Lets clone Etherium Guys! (NOPE!) Bitcoin has left the building. |
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BLOCK SIZE: BITCOIN DOES NOT SCALE EFFECTIVELYThe current 1 MB blocks allow a theoretical maximum of 7 transactions per second at 250 bytes per transaction. Let's scale up to half of Visa's capacity of around 22,000 transactions per second: 10,000 Bitcoin transactions per second requires 1.6 GB blocks and would result in a block chain that grows by 87 TB (Terabytes) per year, consuming storage of 1.5 TB per week. (The above example does not take into consideration the impossibility of this theoretical scenario due to lag introduced by transaction and block validation - pushing 1.6GB blocks around the network for consensus seeking). bitcoin mining imageThe effect on Bitcoin mining - the core security mechanism of the network - will be that centralization becomes inevitable. Assuming the protocol could handle this amount of traffic - which it cannot - how many of today's miners will be able to afford the hardware and infrastructure required? Who, except a wealthy few, could afford to run their own fullnode to contribute validation and security to the network? https://www.cryptocoinsnews.com/block-size-bitcoin-not-scale-effectively/
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no new logo, please.
skull is clean and pretty cool
What is the skull for, this coin is not called skull candy. If you understood re-branding you would consider it and brainstorm around it. I Crave, what I Want, and I Crave what I need. I Crave to the Grave. And my Target is Crave. I want to Skull Fuck the Dev. And as anyone has a say, it should be done according to how many coins one has, so far i got 7000 votes (CRAVE Coins), and i can prove it. Or build your own Logo and we will vote on that, also have a game plan with it, we start new. Or sell your coins to me, and move on. ok, I'll be straight. Your logo is a piece of shit. You are the worst designer I've ever seen You should be a child or a retarded Cheers We can take it to another level if you want.  |
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Developers - you fools! 10% of the profit is ~100 Crave per day. If you develop the coin and the price will rise to 1$ - is ~100$ per day and ~3000$ per month! If the price of the coin 2$? 5$? 10$? Yourself can find and think about the future permanent income?
Well let's see it at $0.50 first and then we worry how much others make. |
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Their other coin is still getting developments lol
Blow their lid off, so we can steer clear of their future scams. Well, if you are following altcoins its easy to spot them. Circ is what spots talking about. Actually it's not, but I can add that to my list if it's true lol Here's a hint.. ooh ooh aah aah Can't be Wankcoin, or Monkey coin |
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These coins are meant to be accepted for payment towards goods, why the fuck would i accept a fucking skull for payment towards vitamins or , potatoes ?
Maybe, life insurance, or a children's book ?
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no new logo, please.
skull is clean and pretty cool
What is the skull for, this coin is not called skull candy. If you understood re-branding you would consider it and brainstorm around it. I Crave, what I Want, and I Crave what I need. I Crave to the Grave. And my Target is Crave. I want to Skull Fuck the Dev. And as anyone has a say, it should be done according to how many coins one has, so far i got 7000 votes (CRAVE Coins), and i can prove it. Or build your own Logo and we will vote on that, also have a game plan with it, we start new. Or sell your coins to me, and move on. ok, I'll be straight. Your logo is a piece of shit. You are the worst designer I've ever seen You should be a child or a retarded Cheers let's see yours bitch, but you liked a fucking skull ? What was this coin Ed Hardy's fucking coin.Moron |
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no new logo, please.
skull is clean and pretty cool
What is the skull for, this coin is not called skull candy. If you understood re-branding you would consider it and brainstorm around it. I Crave, what I Want, and I Crave what I need. I Crave to the Grave. And my Target is Crave. I want to Skull Fuck the Dev. And as anyone has a say, it should be done according to how many coins one has, so far i got 7000 votes (CRAVE Coins), and i can prove it. Or build your own Logo and we will vote on that, also have a game plan with it, we start new. Or sell your coins to me, and move on. |
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love the logo  Thx. |
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Time for a new logo, i'll post my version, let's clean the past, and start a new chapter.  Three pages to this new book, just fill in the blanks, one page at the time, The Book of I CRAVE. 1. I Need 2. I Want 3. I CRAVE, all the way to the Grave. |
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Their other coin is still getting developments lol
Blow their lid off, so we can steer clear of their future scams. |
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Warning. This is a group PUMP-DUMP. Do not be fooled for a fictitious sale. They sell themselves to do panic. They want to CRAVE free. And for three months when you sell you, CRAVE soar to 0.01 BTC = 1 crave
That's why I will die bagholding a bunch of coins  What's a bunch ? I have 7000 CRAVE. |
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BTC volume is 0.23304492 BTC guys, why? Please trade some. CRAVE is not a "trashcoin". Where is the DEV  " CRAVE is not a "trashcoin". ...&....Where is the DEV " , kinda ruined that motivational speech for all. |
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Come on guys move on,, dev has been die  If you are going to bash, at least learn how to speak English first. "....Has been DIE...." WTF You been lie, when you high, now you cry, cause Dev has been die. |
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what the fate of this coin??
does dev really abandoned this project? i have trust and now its fading....\
someone shed me a light,,so i can move on..
Same as the Bitcoin Dev, maybe you should move on from BTC too. |
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There will be no takeover? Why were these lies? CRAVE is DEAD.
STFU |
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That's all you got to offer ? The last thing we need is more cheap CRAVE, and as if we cannot get cheap CRAVE at Bittrex, the price is ridiculous from it's all time high. |
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Takeover and without a new dev?
LOL!
Pump is over guys...time to move to next coin!
Says who ? |
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