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^
Was she bringing up three very lovely girls?
Did all of them have hair of gold, like their mother?
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^^ And you'll probably not deliver on the wrenches or the Seagull outboard, and I'll stand there with my Bimmer in pieces & dick in hand. Just like the average Bitcoin enthusiast, after transact with fellow pedophiles Bitcoin enthusiasts via the medium of Bitcoin. Because I can see it clear as day already, don't lie to me -- I know exactly how it's gonna go down. Right tool for the right job  Remember, there IS no right job for Bitcoin. Well, none that doesn't involve underage kids or defrauding someone. Bitcoin is a tool desperate for a job, but not really, more lies! Only interested in getting on teh dole. |
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^People like having the tools to get the jobs done. My debit card could be denominated in mittens, so long as I get my coffee.
People do not like needing a unique tool for every possible job. That's why there are things like standards -- a 7/16 bolt head, a 1/2 bolt head, but no 15/32 bolt head, or an 11.947mm bolt head. You know why that is? Well, I'll tell you -- even though sometimes a 1/2 bolt head is just a bit too big, ONLY A FUCKING RETARD WANTS TO BUY 9,999 OPEN-END WRENCHES. see? Ya but: if they want good high-quality honey puffs and USD's can't get 'em. Then they pick a new tool. A hammer can't do everything. u hear me brah?  Yes, I see. You want to sell me a set of Whitworth wrenches. No thanks. But wait, it's actually worse -- you want to sell me the BSW wrenches, and are trying to convince me to install a Seagull outboard in my Bimmer. Just so I won't feel stupid about buying your wrenches. |
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^People like having the tools to get the jobs done. My debit card could denominated in mittens, so long as I get my coffee.
People do not like needing a unique tool for every possible job. That's why there are things like standards -- a 7/16 bolt head, a 1/2 bolt head, but no 15/32 bolt head, or an 11.047mm bolt head. You know why that is? Well, I'll tell you -- even though sometimes a 1/2 bolt head is just a bit too big, ONLY A FUCKING RETARD WANTS TO BUY 9,999 OPEN-END WRENCHES. see? It's the same with money. Only a retard wants a separate currency for everything. because some days, the retard's wallet would have 10 bucks in it, and he'd need 10 bucks worth of gas to get home. All seems well ...but oh  The bucks, they're Censorship-resistant CP bux, not the Galoneers required for filling car |
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^^A simple "no" would've sufficed  |
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... I never understood why anyone would need censorship resistant monies to purchase a beverage, anyway. ...
Mainly because people don't like having a whole shitload of different kinds of currencies, each good for doing its thing only -- USD for buying coffee, censorship-resistant BTC for your Child Pornography needs, Meat Pound for buying uncooked beef & poultry, Galoneers for filling your car, etc., etc. |
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So, can you give me a list of agreements reached at Hogwarts Wizarding School Camelot Dungeons and Dragons Satoshi's Demilune whatever that thing was called?
I mean, other than devs agreeing that calling each other names in public is bad form?
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^^ Shop locally, meet interesting people who share your interests Can't buy good dissidence on the streets these days. It ain't safe! If by "dissidence" you mean provocatively-posed photos of sexy underage children... For everything else, there's $$$$. |
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^^ Shop locally, meet interesting people who share your interests |
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Not a problem with a dynamic fee estimator built right into your wallet  P.S. Et tu, Motherboard? How much is the govvy paying you to spread this fud? |
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...
Ahhh, yes , one of the few wallets without dynamic fee adjustments ...
Wish there was a way to make my IRL wallet calculate tx fees dynamically... if my centralized, not p2p cash charged me for using it, that is, which it don't Owait, I bet I can figure out how to make my debit card calculate my fees, dynamically... nope, that legacy finance piece of shit don't charge me nothin' either... dang  |
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And you think keeping the limit low is appropriate now because... Why?
The 'only' ~6500 full nodes. Of which i am one (or 3 actually). I wouldn't mind to double the size, i'd keep running the nodes. I feel a lot of others won't. I just don't see the urgency at this moment. Tell me why a high mempool forcing higher transaction costs is a bad thing. Unless processing time for transactions with normal fees will take too long there is no need and it takes away the need to pay the fees. >why a high mempool forcing higher transaction costs is a bad thing Because nearly-free, nearly-instant transactions were a part of Bitcoin's pitch deck, remember? Because most people hate being lied to. Because if you can't use BTC in 90% of transactions because too expensive is yet another reason to call Bitcoin the criminal's currency of choice & ban it. Because without increasing the number of on-chain tx, we can't increase he number of users. Really. Because you can't ask people to transact less, and we're hitting the limit nao. Do you want more, or are we good? And you are running 3 nodes This helps "decentralization" exactly ...how? Do you understand why you are doing it? Would it surprise you to know that many (including Core devs) consider running more than a single node to be counterproductive, some actually calling it malicious, right? |
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... I'm a Hero Member now. Everything I do is monumental.
Remember, being a Wizard is...  ...it's lonely at the top. |
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...
As I demonstrated BTC is not losing anything to its competitors.
We have a "blocks are full" situation. Who is getting BTC traffic due to our "disadvantage"? Competitors blockchains are empty ghost-towns.
... Lol, it's not just the alts that are Bitcoin's competition (tho both ETH & Reptilia's in-game currency are doing spectacular, compared to BTC), it's that crusty legacy finance, too Don't expect BTC to get any bigger than it already is if it can't get any bigger than it already is. |
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>As those rewards are built into the bitcoin eco-system
Those rewards are a part of the bitcoin protocol, not some *ecosystem. One fucking word, learn it if you must use it.
The block rewards are there *specifically* to allow miners *not* to rely on tx fees this early in the game.
You should also understand that the miners are free to reject any transaction right now -- nothing stopping them from rejecting junk transactions.
My sincere apologies. Bitcoin protocol it is. Block rewards are the incentive to mine at the moment, but we're not 'early in the game' anymore. Come June the reward will be cut in half for the second time. I understand miners can reject junk transactions. They can also be selective. They should be, and they are. So now transactions with low fees are waiting to be processed, if they are processed at all. My point was that this is a good thing and blowing up the blocksize to counter a high mempool size is not a good sollution in my opinion. So the miners are being selective, but they need to have a block size limit imposed on them? Because Bitcoin can't work with bigger blocksize limit, though even the Core devs are planning to increase it, just, you know, later? The fact that Satoshi felt changing the limit would be trivial doesn't play into your opinion? It [block size -ed] 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.
And you think keeping the limit low is appropriate now because... Why? |
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...
You do realize that bitcoin transactions are near-zero-cost, don't you?
If by "near zero" you mean "about $7 US @ current exchange rate, subsidized by block rewards (base money inflation)," then sure. |
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Wealth is not linearly distributed but closer to logarithmic with a vast majority of wealth concentrated in a few hands (currently even dangerously so for civic stability considerations), the mainstream is not where wealth is concentrated so for a monetary adoption targeting the mainstream is a losing proposition.
Bitcoin doesn't necessarily need more transactions as much as higher value transactions, the value of a monetary network is not simply the number of connections but the total value of connections, i.e., number * value.
Because what the super-rich really crave is a dysfunctional p2p network at war with itself. They're just waiting for *all* the mining to become centralized in Communist China, and then there'll be no stopping those Wall St. institutional investors. It'll be bigger then Gemini! We are at least 3-4 orders of magnitude in value growth away from the 'super-rich' being able to adopt bitcoin and 2-3 orders in magnitude from Wall St. 'insitutionals' being able to adopt/use. The p2p network and surrounding infrastructure (and troll-box 'communities' like this thread) will all look very different when those times comes around, troll/shills like yourself will probably have moved on maybe being paid to pump bitcoin by then. Lol @ orders of magnitude. The super-rich,* whose massive dongs investments you've been daydreaming about, are not interested in this dysfunctional joke that Bitcoin has become. Bitcoin can't cope *with a single Chinese exchange* operating on the blockchain, forget fucking world economy. In other words, stop daydreaming about the super-rich & teh Wall st. -- they are, and will always be, way out of your league. Saying this as a friend, 'cos this is what's gonna happen to you if you let your fantasies get the better of you:  *And also the moderately rich, the merely comfortable, and the sane poors. |
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... Bitcoin needs to stay self-sustaining. ...
You do understand that it's not "self-sustaining" now, right? Transactions currently cost ~$7, and are paid by Bitcoin base money inflation (block rewards). As those rewards are built into the bitcoin eco-system they are an essential part of it. In my mind that still counts as self-sustaining. At some point the rewards will be zero and by that time fees are the only incentive for miners to mine. My point is that increasing the blocksize will only help process transactions with low fees (spam or otherwise), blowing up the blockchain and causing more people to stop running full nodes since there is almost nothing to gain from running a full node as it is. There will always be a bunch of these low fee transactions waiting to be processed. Eventually they will be discarded by the network. Not lost, only put back into the senders wallet. A large mempool isn't a bad thing, just an incentive to pay a higher fee. >As those rewards are built into the bitcoin eco-system Those rewards are a part of the bitcoin protocol, not some *ecosystem. One fucking word, learn it if you must use it. The block rewards are there *specifically* to allow miners *not* to rely on tx fees this early in the game. You should also understand that the miners are free to reject any transaction right now -- nothing stopping them from rejecting junk transactions. |
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... Bitcoin needs to stay self-sustaining. ...
You do understand that it's not "self-sustaining" now, right? Transactions currently cost ~$7, and are paid by Bitcoin base money inflation (block rewards). |
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^^And how about you choke on a bag of dicks, hmm? How would that be? |
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