Would transaction throughput increase with block size?
Yes. Would confirmation times remain the same?
Mostly yes. Network efficiency will degrade, but difficulty will adjust to mostly compensate. |
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Other than the fact that Satoshi's original release had no set limit on block size. Well, there is that.
No explicit limit, but other parts of the protocol limited the blocks to 32MB. |
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Blocks are nice and empty at the moment if anyone wants to consolidate. Just had a 20 sat transaction clear in first block I think.
20 sat/b is way too high for next block inclusion. Thinking about a post on how to calculate optimal fees and stuff. Every sat count! Keeping stacking Satoshi! I think he meant 20 sat total fee. Mempool is being nearly cleared each block recently. |
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I'm not touting anything, I'm asking basic questions about the differences in protocol between projects.
There's one thing that has no place in WO. That is discussion of shitcoins. Go here: https://bitcointalk.org/index.php?board=67.0. |
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Are we going to come out of the weekend at $9500 or $10100?
There's your answer. Pump initiated! |
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I've heard the "first mover advantage" mentioned, along with terms like "the network effect", but I'm yet to hear a convincing argument for the superiority of the bitcoin protocol, when compared with others in the space.
Because bitcoin isn't just a protocol. It is the whole ecosystem: users, apps, miners, history, devs, merchants, exchanges, etc. |
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What?! Really? The benefit of the doubt? Seriously? You would give me that? On my very first post?!? YES PLEASE!! Pretty please with a big fat red dildo on top!
We prefer green dildos around here. |
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Wow. Trump twittering about Bitcoin. Did not expect that to happen for a few more years. Expected when the world would collapse, but it did not (yet). If this is not a bullish sign what is? I am truly amazed there is so little impact. Wow.
Technically, that's not donny. Tweets that have semi-normal grammar, etc. are from his Social Media Director Dan Scavino. |
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Good point. Just please don't choose Thailand as a venue for the $100k party (dark humor sorry)  I'll definitely be partying in Thailand at 100k. |
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Here's my estimate:
MtGox has 141,686.35 BTC. They've approved 802,521 BTC in claims. Estimated payout is 17.6% BTC, or roughly $2000 USD at this time. Fiat claims complicate this estimate, but I think their fiat holdings cover the fiat claims.
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Fuck, he should write a book, title it the the Thai Tide or running towards the moon (gotta sneak a little crypto reference in there)
I'd buy that for a dollar! |
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Bitcoin has a lot of people who are small government and want the people to be able to control their funds. That is a conservative and right wing view. Now why would you want crypto to succeed if you're a liberal and want government control in everything? It doesn't make sense.
Small government conservatives are actually very rare in the last few decades.  |
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Are there any occurances of 6 month green streaks? |
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That's exactly how I made them, except without the fancy lighter to launch them. |
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And the average home price there is $1.62 million! People are prepared to pay a lot to live in a city full of people just shitting wherever.
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LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).
Current bull run is more like 3 months. There's plenty of fuel left in the rockets. |
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Break up or break down?
I’m going up 3am GMT
It's going up. |
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Next challenge: $100k!
WO Page parity first. |
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Trending worldwide.
Trends for you, Bitcoin and ... Hannity??? |
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