Interestingly, (hv_: on-chain- ) Bitcoin is unbacked pure commodity currency. This places it under the exemptions of 15 U.S.C. § 77c(a) (2000) [2]. Not as “Digital Gold” but as cash. The system completes each exchange. Unlike Lightning, where a forward instrument is used (with penalties), Bitcoin is the commodity with a direct payment in that form.
https://medium.com/@craig_10243/lightning-is-malleable-steel-is-not-4e68bfdef31  |
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^ Bitmain sells miners - already to very different blockchains / PoW algos.
Their interest is clearly to sell as much miners as possible / diversify.
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Bitcoin Cash has gradually developed into a leader in the area of block chain payment. I firmly believe that BCH is the best, and holding this coin will have a great return in the future.
Yes - stable, censorship-free, instant global p2p payments with an absolutely scarce medium of exchange. But Tokenization of assets on the same, unique and scalable blockchain will follow soon, keeping the inherent scarcity ! ( Not ICO-polluting the cryptoverse with ERC20 rubbish) Outlined a bit here: https://memo.cash/post/a1b03e72820ddd3bb7fc723bc4aa8639e2a944db33870ba8a8d54bdf7ce3b8d6 |
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Yes, I believe that ETH is the most potent coin, able to surpass the BTC in the future, BTC is not as popular as ETH and they can not compete with ETH in the future.
How scaling ? How protecting against own Turing complete attacks ? How passing all regulation on planet earth ? |
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As far I know (from docs) the lightning network is not centralized.
The static snap shot is not of help. Dynamics are important together with economical attractors - > these are always leading to centralization. Only external factors like op-risks can break these up, like PoW has plenty of. |
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Very funny, how different ppl define what they feel a 'hack' is. I d start, with the static max_block_size parameter, making this into the consensus protocol first of a (planned) rapidly / dynamically growing social system. 2nd checkout, what SW really does and how it's implemented into the protocol layer 3rd Deploy that as a SF 4th LN ( and hope , hope for fixing companies scaling issues with 2nd layer to come) 5th legal issues with all that tech on top of first / initial layer (Telling ppl to keep small blocks to further dictate them run RasPi nodes for MAX decentralization, but forcing them to recon only 3 MAX fee TX of some huge central clearing counter parties CCCP https://en.wikipedia.org/wiki/Central_counterparty_clearing on 2nd layers ...) ___ This mainly addresses only the tech part, and we could dive into economics, legal, social and scientific (dynamic math modelling) parts as well, but getting it up to a widely acceptable science / business level i.o. to define and remove such hacks is beyond of what can be achieved here or with any individual hack-posts. 'Please feel free to understand, discuss and constructively criticize this post. |
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The only non-Security coin with highest TX capacity and smart contract features due to op_return codes is ?
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ETH ist noch nicht ganz vom Eis, der ICO ist Thema. XRP mitten im Legal Kampf.. BTC und BCH keine Security. Gedanken über LN / 2nd Layer (Derivate, Payment...) würde ich mir aber mal machen. Jede Technologie die ANDAUERND online sein muss um zu funktionieren ist der Willkür der Gesetzgeber schutzlos ausgeliefert, und wenn die irgendwo zugreifen können wo Geld im Spiel ist, die Beobachtungen aller Jahrhunderte zuvor sagen: Dann tun die das, aber mit beiden Händen, und immer wieder, und noch einmal. Die Zehn Minuten im TOR Netzwek haben einen Grund. Es ist völlig egal welche "Rechtslage" da gilt, die Gesetze dazu werden dann halt umgebogen oder neu erfunden, man will ja ans Geld und die Argumentation da drumherum ist dann nahezu willkürlich. Gut. Mir geht es grundsätzlich um die Frage der Massentauglichkeit, Mainstream, weltweite Akzeptanz, Inklusionstauglichkeit für alle typen von Mensch. Das Internet selbst ist schon ganz gut darin. Bitcoin? Momentan schiessen Blockchain Experten aus dem Boden im ähnlichen Tempo wie diese ganzen Scam coins selber .Must watch Zu der Frage Massentauglichkeit, Mainstream, weltweite Akzeptanz, Inklusionstauglichkeit für alle typen von Mensch. Bitcoin... Schau dir mal Zap wallet an  ztztztz - die werden es auch alle noch lernen, wo der Blockchainhase hinläuft. Die Schweiz wieder mal zuerst? Institutional Traders GOOOO: https://memo.cash/post/1b038ee659faa9dc7c4bf92d5452da689e572d11e8e9b8aff6e76f336f4bf757WOW! |
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You're another one that can't believe the Bitcoin Cash Developers actually test code before releasing it.
Again your problem not theirs.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
They only produce blocks large enough to hold the transactions , they don't produce the maximum size blocks every single block.
You might be missing the point just a little bit. Sure, the network will readily cope with the occasional large block, mostly because all the others are so proportionately tiny. But if they were to produce the maximum size block every single block, that's where you might find some issues creeping in. That's when some of the people trying to run full nodes will suddenly decide that's no longer an option. That's when the claims that BCH is centralised start to gain a bit of credibility. For the record, I don't think BCH is centralised, just that it has a greater potential to move in that direction. so your worry about spam is empty
how can you argu about spam. then argue there is no spam because blocks are empty.
whats next worry that cars can b overcrowded because you sen a comedy clip of 30 clowns walking out of a mini car.. but then argue that cars should only have a drivers seat because most of the time thers only one person per car.
hint: an near empty block of 0.2mb does not lock off 32mb of hard drive space. it just uses 0.2mb of hard drive space. but allows the rules of allowing mor transactions in without 2 years of debate.
its better to have 32mb limit and not need it. than to have 1mb limit and argue for 2 years how to expand it
its better to 4 seat car and not need it. than to have 1seat car and argue for 2 years how to upgrade the car
So why have the 32MB limit? Why not remove it altogether? It seems largely symbolic at this stage, doesn't it? To have enough excess capacity for next few years. And right, the max BS might be gone soon. |
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You. Are. Not. Producing. 8. MB. Blocks.
And you definitely aren't producing 32 MB blocks, which I understand is the new cap.
You're producing an average of ~50 or 60 KB blocks with a maximum threshold you've not come close to reaching.
so your worry about spam is empty. because there is no spam filling up every block? funny part is any coin, even btc can prvent spam. simply by having a fee priority formulae re-established. that makes it harder/more expensive to spend fresh utxo that have not matured for long(low coinage/confirm count=expensive), that alone will solve people trying to churn through transactions by spending them as son as they are confirmed. but anyway. btc has stagnated onchain. and all devs care about is LN so that they can grab peoples BTC using punishments and exsivvive onchain fee's to tempt them not to leave LN until thir channel is empty. or get kicked to a crap coin so the hubs can get all the btc. typical banker mindset Yes, I speak with a lot of bankers about Bitcoin and LN. They always identify LN as most interesting to enter this market since it is typical their business. Get prepared that if it is a thing, small and medium entities will not long exist. Regulation is a thing here as well, so think of what bigger entities will pull to get smaller ones out of markets. |
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Now all the Germans get depressed. Expect a serious dump... .  Mexican will overcompensate that. And they need it more than dumping Germans. |
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