They can have their blocks rejected despite any of that.


Time to change your underwear, off you scuttle

Put the pipe away, it's not doing you any favours

If they're not making any BTC mining, they will have nothing to pay their bills.


The End.

You have zero clue, and consequently have no business speaking in the Technical discussion sub

You should break out the CarltonDance gif instead, as that's literally what I was actually doing


Can you explain, lo-kicker, how the Unlimited pool will pay out 110% of anything when their blocks keep getting rejected? These people are going to have one nasty electricy bill to pay

There is a need to have a coherent conversation, and my tolerance for poor quality discourse is low.

There's no chance Quickseller wrote it and actually understood what he/it was writing.

What's 110% of zero?

https://bitcointalk.org/index.php?topic=1804141.msg18095902#msg18095902

Do you think the corresponding drop in difficulty will attract new participants to mining (hint: it will)

What you need in mind is reading comprehension; your replying about LN when I wasn't even talking about it

What's 110% of zero?

https://bitcointalk.org/index.php?topic=1804141.msg18095902#msg18095902

FTFY

You sound like a miner that's about to get his lunch eaten All LN will do is remove even more power from the miners to behave in bad faith, they're developing a bit of a superiority complex it seems

This should read "intents and purposes". Are you copy-pasting from somewhere, or did you just repeat it without understanding it's meaning

The banking system doesn't tolerate mistakes in their account numbers either.


It's essentially an infinite chain, so when infinity runs out, you will indeed have to furnish people using it with a new one.

Let's do it. Antminer can get bricked IMO

Using payment channels. There are 3rd party services for this already (and demonstrates to the receiving party how many months of the service for which you are sufficiently solvent to pay for at any given time). p2p payment channels can be made with bitcoinj or Lightning (currently WIP)



Either you give people who wish to pay you a BIP32 chain of addresses (represented by a deterministic code), or you could open a payment channel between you and your employer. The former is probably more appropriate for this use case.

Segwit compatible nodes are 51% of the network. You didn't ask about miners, you stated that a majority of users had rejected it.


If you really think moving the goalposts is how to win the game, you must be more stupid than the audience you believe you can fool



They're all Bitcoin nodes, because they have to behave like Bitcoin nodes to participate in the network, by definition. Anything that doesn't observe the rules is rejected, you're arguing non-pertinent semantics, not technical details


More concerned that you believe using the Bitcoin software "isn't for everyone". There are no security implications, it only strengthens the network. Stop using unqualified statements to discourage people to run a node, it's a highly irresponsible falsehood

He's losing his shit

Just about every franky/jonald/jbreher post these days reads:

"No! You don't understand Bitcoin! It works like " <long boring description of how BU works>



In your dreams, dickheads

Yes, although it's unlikely they're original, someone else is bound to have recognised this too. I'm sure a more refined or more universal theory can make better sense of the uselessness paradox.

Remember that the "borrowing future prosperity" model is a consequence not of paper money per se, but of the sovereign bonds used to "back" it's value. It's a reflection of the virtue of uselessness in money being a sophisticated concept; just like with Bitcoin, many regular people will not buy the idea that inventing a form of money is valid, so some narrative about what makes the money valuable is required to aid acceptance. Telling people that it's good money because it's even more perfectly useless than the last form of money will be typically difficult to swallow.