fuck me

he is worried they are going to assassinate him

https://www.youtube.com/watch?v=26LDWnM7qe4

6:55

Craig claims that Bitcoin was not created to fix "the system", while Satoshi created Bitcoin as a reaction to the 2008 financial crisis.

His quote: "That's [debt and the debt crisis] not what Bitcoin helps with."

Every other time he opens his mouth he directly contradicts Satoshi.

Good!
Hopefully CW ends up selling his ass for 60 bucks a night in a cheap Motel to put food in his lying, arrogant gut.

I can’t wait to see the down fall of that oxygen thief.

I'm hoping for some news from Elwar. They're going to fucking steal his home, but at least I'd like to know he's free and safe.

I am not supporting illegal migration.  I am simply stating that much of the US economy runs on illegal migrant labor.  This is a fact.  If you suddenly stop migrant labor and remove all the migrants, you are going to fuck up your economy while you restructure to higher wages due to decreased labor supply.  It’s Economics 101.

And no, American teenagers do not want to pick bell peppers out of the dirt in the blazing sun for $2 per hour. Edit: I don’t want to do it either.

(((Hungarian)))

Right back at ya. BTC is a fork in and of itself. As such, it has no more claim upon longevity than do any of the other forks of the satoshi chain.

Talk about stupidity...

I'm a bit perplexed about rumors I've been hearing that (((someone))) was the $100M market buy that caused this FOMO.

6
7
5

 

First of all, I don't believe you need to explain it on technical level why bigger blocks are not a permanent solution to unconfirmed transaction. if 1MB is not bigger enough what makes you think 1GB will be? read back and see my highway analogy and how impracticable it is.

Want a technical explanation of the impact of having every single transaction recorded on the blockchain and also the blockchain having a bigger blocks...

1. Database Size
Lets assume Bitcoin is now the standard peer-to-peer payment method. for Simplicity, let assume there will be 1,000,000,000 Transaction a day. Each transaction is approx 250b. (assuming there is only one input and one output). 41,666,666 / Hour or 6,944,444 /10Mins

This will mean we need a min of 1.736GB blocksize to accommodate the transactions.
So...
Every Block: 1.736GB
Every Hour: 10.416GB
Every Day:  250GB
Every Year: 91,250GB
is added to the blockchain

2. Hardware Requirements
Using a base line, and I am being conservative, of 30sec and 200MB (Should be about 1GB-2GB) of RAM to Validate and Confirm 1MB.
1,736MB would require approx 868mins or 14.4Hours  to confirm a block
1,736MB would require approx 347GB of RAM
1,736MB would cost $0.034 (0.02c per GB) or $1,825.00 per year (assuming your computer had enough SATA interfaces)

3. Internet Connection/Bandwidth required
Assuming everyone is on a 1GB fiber connection
1000mBIT / 8bit = 125MB/sec will take 13secs not including overheads, retry missed packet etc etc....
13secs to get to the first node (2 Available to Rely)
26secs to get to another 2 nodes (4 Available to Rely)
39secs to get to another 4 nodes (8 Available to Rely)
52secs to get to another 8 nodes (16 Available to Rely)
65secs to get to another 16 nodes (32 Available to Rely)
78secs to get to another 32 nodes (64 Available to Rely)
91secs to get to another 64 nodes (128 Available to Rely)
104secs to get to another 128 nodes (256 Available to Rely)
117secs to get to another 256 nodes (512 Available to Rely)
130secs to get to another 512 nodes (1024 Available to Rely)
143secs to get to another 1024 nodes (2048 Available to Rely)
156secs to get to another 2048 nodes (4096 Available to Rely)

You will also require a data plan of 7.5TB a month for below.
Every Block: 1.736GB
Every Hour: 10.416GB
Every Day:  250GB
Every Year: 91,250GB

So just to recap the above,

You would need to buy a machine capable of handling 1TB of RAM and possible a RAID Storage that can handle 91TB of Hard Drive Space
You would need and awesome internet connection, maybe two, one for your node the other for netflix
And lets say all this is possible and affordable, you will be spending half the day validation/confirming just 1 block.

From a mining point of view, there would be many orphan and rejected blocks given it takes a large amount of time to validate/confirmed blocks. It will also advantage the last miner who has found the block as they can start on the next block before anyone else.

Say good bye to decentralization of Bitcoin Nodes. Only the Rich and Powerful Corporations will run a full node and destroy the very fabric Bitcoin was built for - Decentralization

In other words, we need to scale a different way! Bigger Blocks/Dynamic Blocks are not the answer.

You are right on a few things, you can not argue with jbreher, because he doesn't actually know what he wants.

First it was "bigger blocks", so i pulled him up on that, and then it is a "no protocol-determined block limit" and now it is a "dynamic block size" that miners can decided what they want.

The other thing that you are definitely right about is that the "game is not over yet". But is sure isn't a game between BTC vs BCH/SV.

It is BTC against another tech that will change the way we look at this whole peer-to-peer payment system. not just another clone of Bitcoin but a real game changer! that is what i am worried about!

I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.

You can’t just waltz in here and demand a hat.

First you have to write a haiku.

I don't have any issue with second layer innovation, per se. What galls me is that Blockstream and the rest of Core deliberately crippled Layer 1 in order to accomplish their layer 2 'innovation'. Which, for all intents and purposes, still sucks two years down the line.

Cool. I'm actually interested to know the answer to that question...

Was it LFC that was running a Lightning node for a while? I know somebody was...

Everyone who runs a node please raise your hand.

Hello.

I understand this is the real seat of power, here on Bitcointalk, and none of the other threads really interest me.

Creating this account on April 1st seemed appropriate.

My name is ThrobbingSausage, and I sometimes help to route your payments on the Lightning Network.

I like Bitcoin and Bitcoin accessories.

I offer Lightning and Lightning accessories.

Look forward to hanging out with you people.

I am here for the memes, mostly.

#strognhands2019 #hodl

Next ATH will be rear view too.
Rear view is the only view we have.