Das ist aber nun stark Offtopic: Wenn der geammte Strom Ausfällt hast du sicher andere Probleme  Wenn das Internet "Parziel" Ausfallen würde, so Minen halt Inseln weiter. Kommen diese Inseln wieder zusammen, so Gewinnt die Insel mit dem der längsten Kette! Die kürzeren Verwaisen dann. Ein Szenario das z.B. mit China passieren kann (bzw. schon ist). Schöner Grund warum auch das Energienetz besser 'dezentraler' laufen sollte  |
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massive block sizes are not good for the long-term health of the network,
no one realistically is actually or has ever actually proposed formally and sensibly 'massive block sizes' I was exaggerating. I meant that I don't believe that Bitcoin could scale solely on big blocks. I'm not very interested in the politics. The entire idea behind Bitcoin is to remove as much politics and middle men by economics and working tech + PoW. >> These who try to want keep politics inside and try to gover MUST fail. Keep blocksize low and inject SW + LN is biggest faliure ever. > gave altcoins the room to grow as well as cutting script options > gave ETH & co room to grow |
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Most of them will disappear - for good
The DNA (incl PoW) of it will live forever, tho
Disappear? Well I think it will not but a can a crypto can be dump or called as shit coin or shit token. Definitely there will be a thousands of coins that will be dump together by those good for nothing team that are not doing something worth for the project. Disappear in terms of globally irrelevant , banned, insecure, unusable |
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Things will turn very badly for Wright, you can't cheat with the blockchain records: https://twitter.com/MyLegacyKit/status/1141815202859667457-> Who needs Netflix when we have Craig's undisclosed Panamese trust, Hal Finney receiving 10 BTC from Satoshi in block 170, and Craig claiming in court to be not only Satoshi but also "mining directly into the trust after block 70" Lol - keep trying. You show all that u can think only in 1 dimension - if at all |
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I see some people mentioning an adaptive block size limit solution, and I'd just like to point out that satoshi has floated something of the sort in the past: It can be phased in, like:
if (blocknumber > 115000)
maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
Not saying I necessarily agree, as I don't believe massive block sizes are not good for the long-term health of the network, but at the same time, block size increases probably shouldn't be this contentious. A block size increase will be necessary as the userbase grows anyway, so it shouldn't hurt to increase it a little to alleviate some of the short-term confirmation issues. Better: Remove 'maxblocksize ' at all. There are so many other and natural coinstrains left acting as a better control than such MAGIC NUMBER in the code.... |
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angola's minimum wage $60 a month (/4/40=$0.375 an hour)
kenya minimum wage $130 a month (/4/40=$0.81 an hour)
nigeria minimum wage $80 a month (/4/40=$0.50 an hour)
mozambique minimum wage $50 a month (/4/40=$0.31 an hour)
bitcoins tx fee just to move funds costs ~20minutes to 1 hours minimum wage.
many africans learn about bitcoin. find out it isnt suitable and just use it as a gateway into altcoins which are cheaper and more suitable to transact with.
OnChain scaling BitCoin solves the issue. |
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Don't be stupid, these cases are all about CSW not other frauds.
I just read it in your own linked story
The initial was the SW fraud |
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Let me guess, is that Calvin's website?
Hilariously bias reporting.
Oh no I'm in for a suing now.
I still don't understand how CoinGeek gets cited as an actual news source, picked up by Google News, etc. They make bitcoin.com look like hard-hitting investigative journalism. Speaking of bitcoin.com, sure has been quiet around here. Not much fun with the drama being monopolized by another camp. Ver needs to engage in some wacky escapades to steal the spotlight back from Wright as most hated man in crypto. Sure, CSW is most hated, because he Points to all the frauds and their powers. No wonder most shout back even louder. CSW came here in reactive mode. To help killing SegShitCoin |
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Du bist ein ziemlicher Optimist. Ich schätze 1/1000 dieser Menschen wäre schon ein gewaltiger Schritt in die richtige Richtung. Mag sein, aber ich denke, so wenig sind es dann auch nicht. Es muss sich ja nicht jeder auf akademischem Niveau in die gesamte Kryptowährungs-Philosophie einarbeiten. Die Grundsätze (Eigenverantwortung, Dezentralisierung) sollte doch eine größere Gruppe verstehen. Es geht primär auch nicht um Geld, sondern um Macht und Freiheit. Letztendlich geht es um Gewalt und zu welchem Grad Du ein Opfer dieser Gewalt bist.
Das Geldsystem wird bei der Verteilung von Macht und Freiheit meines Erachtens überschätzt. Bitcoin kann natürlich einigen Menschen mehr Freiheit und Macht bringen (ich denke da z.B. an die "Unbanked", aber auch Zugang zu bestimmten Arbeitsmärkten, aber auch generell die Unabhängigkeit von Banken und anderen zentralisierten Akteuren - hier kann z.B. der Libra nicht mithalten). Aber Ungleichheiten und Ungerechtigkeiten wird es auch in einer utopischen "Bitcoin-Welt" geben, in der Bitcoin zur Leitwährung geworden ist. Nehmen wir Satoshi: Wenn er noch lebt/existiert und bis zu diesem Endstadium "hodlt", wäre er in einer solchen Bitcoin-Welt weitaus reicher als jeder der heutigen "Mächtigen". (Und was, wenn es am Ende _doch_ ein Unsympath wie CW ist?  ) Bitcoin ist m.E. ein Werkzeug, das einige Dinge zum positiven verändern kann. Andere Probleme dagegen werden dadurch überhaupt nicht tangiert. Da is was dran - Bitcoin ( System ) ist ein neues, gut funktionierendes Medium, die grundlegenden rechtlichen Ordnungen wird es jedoch damit (noch) nicht direkt verändern, aber wir sehen, dass sich manch Gesetzgeber auf den Weg macht ... (Schweiz) und dadurch andere unter Druck setzt (Deutschland) und die DT Börse nun in der Schweiz (mit Swisscom) mal was anfängt. Börse Stuttgart kaufte übrigens Berner Börse ... wann kommt der Bison rüber? Wir sind uns auch sicher einig, dass die Herren / Damen Satoshi sicher ein rechtes Problem lösen konnten, dass andere nicht so leicht geschafft haben - das kenne ich gut von den Naturwissenschaftlern ( Mathe / Theo Physik Profs et. al) Die sind allesamt Asperger-Auffällig und kriegen sich dauernd wegen irgendwelchen (meist unverständlichen!) Details mächtig in die Haare - das wirkt alles äusserst unsympathisch - zumindest für die Massen, die das mal zu sehen bekämen, was sie aber nun in Bitcoin tun ... |
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Basically, libra (which would be based only on usd, eur, pounds and yen) would decimate local currencies. If used broadly, why would anyone use local? Binance research suggests something similar, but in a wrong direction.
If you earn USD, why would you want to take (partial) FX risk on yen, pounds and euros? True, that goes without saying re the dollar. What I am talking about is the following: if, theoretically, libra becomes popular for exchange in countries outside of the big four currencies represented in the 'basket', I can foresee citizens of those countries abandoning their local currencies. Why would they still transact in rupee/lira/peso/rand when essentially a basket of stronger currencies is available? USD is the global reserve currency. Making it a basket of currencies is very international but unnecessarily complicated things, in a way that a Venezuelan with a grade 3 education will struggle to understand. Facebook dun goofed. It should be a USD stable coin only. it would make no sense to fb to limit only to $$. here is a reason: https://www.bloomberg.com/opinion/articles/2019-06-18/facebook-will-make-the-money-nowFor another thing, if Libra gains widespread acceptance, its lack of one-to-one correspondence will give it a tendency to displace national currencies. If you mostly spend dollars, and Libra is always going up and down against the dollar, that will be annoying and you won’t want as many Libras. But if you mostly spend Libras—if Facebook is successful at making this the main currency of the internet—then that dynamic will reverse. If the dollar is always going up and down against the Libra, that will be annoying and you’ll want more Libras. The dollar will start to seem unstable and useless. If you buy most things online, and if everything online is priced in Libras, then you’ll end up living your life denominated in Libras, and only converting your Libras into dollars on your occasional touristic visits to the physical world. 4 The goal is for Libra to be more useful than any national currency, accepted in more places and with fewer complications; pegging it to a single national currency would only hold it back. However, if zuck would try to displace the dollar...well, let's just say that it won't happen. wait: https://www.politico.com/story/2019/06/18/maxine-waters-facebook-hearing-1539475lol |
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The industrialization path is clear - it IS happening Bitcoin started with small hobby miners, but the GPU >> FPGAL >> ASIC Phase showed there is industrialization Happening BTCore still want to stay such, but times goes on. Now this: https://twitter.com/annairrera/status/1141035331963248641FBCoin wants to be 'decentralized' by 100 big companies - but in a dump old fashiond PoS System ( wait ETH ... ?) << strong proof that there is industry coming after Conclude: The only save path to go is KISS & legit (Bitcoin White Paper, opens source, started with no ICO , dont alter protocol, only scale...) - let Bitcoin scale into industrial regions ! -> BSV ( the only solution I and many old legends here (most left) see) |
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Of course someone is scared this Libra thing could actually work after all:
I believe Libra will be a threaten to banks, not to bitcoin. I see many people saying it would destroy XRP... this is a non-sense to me. Libra may force banks to modernize, as Libra will be more open than banks (more border-less), but will also follow their rules (centralized, legislation rules, reliable, etc).. How will banks modernize? XRP may be the answer for them. XRP always tried to get blockchain technology into the banking system. Banks think XRP is a big joke. It is |
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Some of the 800 + patents will do. Glad we have that, a brain that can think what shit might happen against BitCoin |
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Et läuft. Meine Prognose: es geht weiter rauf und runter, mit der Tendenz nach oben. Lief de letzten 10 Jahre so, ich erwarte nicht, daß sich daran in absehbarer Zeit was ändert. Wenn ich dran denke, daß mein langfristiges(!) Wunschtraum-Kursziel damals™ bei $100 lag (und ich dafür ausgelacht wurde), mussich mich manchmal schon kneifen, um zu checken, ob ich nich doch immernoch schlafe.  Ich lach mich für mein langfristiges Kursziel manchmal sogar selber aus Das finde ich grossartig ! Die Welt ist oft schon traurig genug  |
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