Bitcoin will still be incredibly slow by the standards of credit cards & other payment systems which achieve thousands of transactions per second. 24 transactions per second with 8 MB blocks is still extremely slow.
False comparison. On a human scale, bitcoin transactions post in about the same time as credit card transactions - a couple seconds. Bitcoin transactions settle in several ten minute intervals. In contrast, credit card transactions settle in thirty days or more. And when blocks are not chronically full, zero conf transactions are reliable enough for the majority of retail purchases. At least they were, until RBF broke them. |
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Had a dream last night that I woke up and saw my bitcoin price ticker up over $400,000 and rising quickly. Saw it touch $500,000 as it came "crashing" back down to the high $300k range. With such high numbers I couldn't even think of how much money that meant I had...just that I was fucking rich. Then I woke up  ...rich! |
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If after segwit active for sometime and the network is still clogged as usual, I think people will advocate segwit2X. Otherwise, If the network clears, I think people will stay under segwit 1M. A war begins.
There is a perpetual war between Oceania, Eurasia and Eastasia. Let's hope we either heal or go our own ways before we descend into a daily two minutes hate. |
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@jbreher you are funny not understanding humour like that
You are right. Given our past interactions, I detected no humor in your tone. I guess I'm on edge. Sorry. Anyways, congrats on segwit. |
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Also meant to be a temporary scaling solution until LN which is still a long time away. So we're supposed to deal with these slow and expensive transactions until then?
Suck it up, buttercup. The next transaction fee you pay will probably the cheapest you will ever pay in the future for an on-chain transaction. At least on the core chain. It can only climb from here on out. Careful what you wish for. |
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Just my opinion, it is completely up to the network to decide what is valid, and if I was to have my say it would be made invalid.
Because you seem to do your thinking from your adrenal gland, rather than from your cerebral cortex. |
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One issue with larger blocks is, it assumes a significant increase in transaction per second performance can be gained by increasing block size despite these claims being untested and unvetted.
Nonsense. It is pre tested and pre vetted a priori. Because, first grade arithmetic. Larger block supporters also assume these positives will outweigh any negatives associated with nodes becoming more centralized due to higher hardware requirements & possibly better attack vectors with larger blocks.
Ok, here you have a valid point. |
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bitmain who are officially the enemy of bitcoin
Well that's just a silly claim. Bitmain is no enemy to bitcoin. And... 'officially'? After all this time, and all your contributions, do you still not understand the permissionless nature of Bitcoin? |
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To my core-ian crypto brethren... Congratulations on achieving segwit. Sincerely. 'Tis a red letter day in your camp. I salute you.
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So, you all got your BCC, no problem whatsoever ? ?
Sorry, man. Got mine. Moved a big chunk from coinbase to kraken, because I read the fine print. What were poloniex's claims leading up to the fork? Edit:FWIW, I do feel for ya. |
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It comes down to this, if he ultimately isn't satoshi, can't prove anything, and ergo has no chance at having his patents approved,
Just no. CSW's ability to successfully register his patents is completely orthogonal to whether or not he is satoshi. No dependency whatsoever. No dependency whatsoever? Just no. In a logical, just world, it is necessary. Yes, it is possible that strings could be pulled by government agencies to allow him to have the patents without proof of being Satoshi, but you know damn well in such a scenario there will be legal action against Craig and people will cry bloody murder. Just what.... Exactly.... Do you think his patent filings cover? The fundamental underpinnings of all contemporary cryptocurrencies? Get a grip. That ship sailed years ago. You can't patent something already in the public domain. Just no. |
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Turns out, that my lending on Polo went on through that time (history-lending).
So, the person who lended from me has 96.2 BCC, which is a lot of money, as of now.
ARTFP. Always read the fine print. |
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So three days boom, three days bust. Is that the cycle?
No. Difficulty and price will both stairstep to stability. |
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So every miner in the entire world all came to the same decision at the same time
Profitability flipped back to BTC, so miners switched back to mining the more profitable chain. What's so hard to understand? After profitability switches back to Bitcoin Cash, I expect miners to return. It's all quite simple and logical. |
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It comes down to this, if he ultimately isn't satoshi, can't prove anything, and ergo has no chance at having his patents approved,
Just no. CSW's ability to successfully register his patents is completely orthogonal to whether or not he is satoshi. No dependency whatsoever. |
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"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.
And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."
any company in the whole freaking world that turns over more than $250 can probably be labelled illuminati if you make enough dumb leaps of logic. OTOH, the (former) Chair of the Bilderbergs is pretty rarefied company. |
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Whenever you spend BTC which you have received via SegWit addresses, you will receive the SegWit discount.
So segwit destroys fungibility. Got it. |
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"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.
And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."If true, that explains a lot of things!  Thanks for sharing those links. I've never read so much bullshit in my life I take it you have read the source code ? And fully understand it Forgive my humble observations, but as staunch opposition to Bitcoin Cash (I presume) can you share with us your positions and validate those positions vs offering rebuttal without substance ad nauseam? Well, I'm even a supporter of Bitcoin Cash, but your accusations read as FUD even to me. In 'merka, patenting something comes with an inherent requirement to publicly disclose. So where is the evidence even that they have such patents, let alone evidence that they mean to use them to clamp down on bitcoin use? Even if they meant to, how could they possibly enforce it? While I don't disagree with Falkvigne's concern (my day gig is also in developing technology standards), I have yet to see any evidence of such malfeasance. |
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Hmmm.'Round these parts, back in the 2014 election, both major party candidates for U.S. house were taking bitcoin contributions. I actually set one of them up to do so. |
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Does anyone here use any of the Bitcoin debitcards that you can load with BTC and spend your BTC anywhere?
I want to get me one and any recommendations/warning etc would be appreciated.
The more private the better
I have the SHIFT card. It's from Coinbase. I don't use it - I'd rather spend fiat than crypto. But it is Visa-branded, and converts only at moment of purchase. I like having it, just in case I need it. Probably not private. |
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