^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks
No, it wasn't. It was to create "A Peer-to-Peer Electronic Cash System." https://bitcoin.org/bitcoin.pdf...bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.
Nothing preventing you from crowdfunding your new home purchase with fiat money, today. Try it and see how it goes. I, myself, am not going to lend you 1BTC to have it paid back in 20 years, and here's why: You most likely will pull a runner, because, if BTC price keeps rising at the current rate, you'd owe me ~$100,000 in 20 years, same as you will owe to the other suckers who lent you 1BTC each. |
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What's going on here? I wake up to *THIS*?!  |
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So switching "padlocks thrown about on our lawn" for "garlands of garlic on our front door" proves your case....how? I provided numerous arguments that suggest this is an absurd analogy with no basis in reality.
You don't understand what an analogy is. Start learning here. Here's the most common definition of "analogy": a·nal·o·gy
noun: a comparison between two things, typically on the basis of their structure and for the purpose of explanation or clarification. Did you or did you not make a comparison between "nodes", "padlocks thrown about on our lawn" and "garlands of garlic on our front door?" I didn't make those comparisons; you did: 1. You claim that the hundreds of padlocks thrown about on our lawn help secure our house. 1. You tell me that hanging garlands of garlic on our front door is essential for home security
Yes i did. For those failing to see parallels apparent to a household cat, I'll explain: Garlic garlands, padlocks strewn about the lawn, and non-mining nodes are analogous, that is to say have a thing in common: They're all FUCKING IRRELEVANT TO SECURITY. How so? Explain how non-mining nodes garlic garlands are irrelevant to security. Otherwise you have no basis to compare them to garlic garlands or padlocks strewn about the lawn--it's just a baseless opinion. FTFY. If you can't prove to me that garlic garlands are irrelevant to home security, it's just a baseless opinion. The similarities don't end here.
If one is challenged by some frustratingly dense douche to prove garlic's lack of efficacy in keeping out The Father of Lies, one is unable to do so, as one would be unable to prove nonexistence of unicorns and Easter Bunnies. Because proving the negative is notoriously difficult, if not outright impossible.
Go figure. And what does this have to do with non-mining nodes? You haven't established that (see above). This isn't about garlic. It's called an analogy. If I compare thee to a summer's day, I don't mean to suggest you have 24hrs & that there are 365 of you in a year. Your failure to understand such basics is, partially, what led me to conclude that you're a ... frustratingly dense douche ... Duh. Since I mounted considerable evidence that nodes are essential to network security, it is incumbent upon you to explain how nodes are comparable to either of those things.
No. You typed shitloads of words, which rarely corresponds to "mount[ing] considerable evidence." This subtle distinction eludes you too, I'm sure. It may appear to be wordy, since I make an effort to respond to every point my opponent makes. You, on the other hand, respond to precisely zero of the arguments your opponent makes. Then you complain that your opponent uses too many words, as if that was sufficient to refute his arguments. In other words, you're just talking shit, as usual. The problem with attempting to converse with your likes is that (on top of your other failings) you cause the argument to bloom -- instead of limiting yourself to a single point, you create multiple branches, going off on multiple tangents. This could be due to an undisciplined mind -- inability to focus, choosing instead the spray & pray, the shotgun approach, or "throwing spaghetti at the wall & seeing what sticks." A less generous interpretation is "force the debate into a stalemate by causing it to bloom & become unmanageable/"too much of a bother to continue." If so, GG. ... And here you admit to gaming the very system you claim to support  Gaming the system, how? You've never read the bitcoin whitepaper have you? Proof-of-work is essentially one-CPU-one-vote It's not one-user-one-vote. My nodes are simply enforcing the consensus rules that the rest of the network is, i.e. honest nodes. How is that gaming the system? In that case, you disagree with the majority of Core supporters, who feel that one node = one "economic agent" (whateverthefuck that means) & thus nodes become a voice of the "economic majority" (whateverthefuck that means). One node is one agent in the network. Could you explain how it isn't? That doesn't mean that one user = one node. In that case, it things like Sybil attack are bullshit -- all the nodes participating in the attack are "[valid, legitimate] agent[s ] in the network." A Sybil attack is not an attack, merely Bitcoin functioning as it should. Discouraging "Bitnodes['s] incentivizing full node operators "until the end of 2015 or until 10,000 nodes are running." by Core was also bullshit. Case closed. Sources for the latter claim? See above. |
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Everything's gonna work out just fine, I think. At times like this, not losing hope and remaining super positive is real important  Because otherwise, it won't be as funny for me when the trap is sprung & your hopes are finally shattered. |
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Just picture gentlemen: An army of wolf men. Fearless! Raging! Every man a snarling animal! My serum will make it possible to unloose millions of such animal men. Men who are governed by one collective thought: the animal lust to kill, without regard to personal safety. Such an army will be invincible, gentlemen! |
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Blitz Netwerken ready in Two WeeksTM then?
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...
Same way the banks do it. The company through which you went to lend will sue him.
The difference is that in a bank you deposit and they use your money and make you pay for that! In this system you decide if you invest or if you keep in your wallet!
Did Kickstarter ever litigate on behalf of the "lenders"? Or do you expect everyone who "invested" a dollar in your house to take legal action? How would this work? |
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Yes i did. For those failing to see parallels apparent to a household cat, I'll explain:
Garlic garlands, padlocks strewn about the lawn, and non-mining nodes are analogous, that is to say have a thing in common: They're all FUCKING IRRELEVANT TO SECURITY.
The similarities don't end here.
If one is challenged by some frustratingly dense douche to prove garlic's lack of efficacy in keeping out The Father of Lies, one is unable to do so, as one would be unable to prove nonexistence of unicorns and Easter Bunnies. Because proving the negative is notoriously difficult, if not outright impossible.
Go figure.
You didn't explain anything; you just insult. Your analogies are weak and you have no position. I apologize in advance to anyone reading this however I feel an ad hominem attack is warranted. Bargainbin, your intelligence is low and you likely suffer from hygiene problems. That is all. Dear fucking idiot: your failure to understand may be caused by a) My failure to explain b) You being a fucking idiot I'm betting on the latter. Now run along and play your vidya. |
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A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank". Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin! Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks. No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back. What is FDIC? In fact at the moment you make a deposit you have nothing but a bank credit.
What does that even mean? Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.
"Kickstarter applies a 5% fee on the total amount of the funds raised.[28] Their payments processor applies an additional 3–5% fee." In exchange, you have no legal standing if you get *nothing* for your investment (even when the project succeeds). Number of home purchases financed by Kickstarter: 0 (zero). |
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^Blitzkrieg = Lightning Network? My German is shit.
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A bitcoin bank would be very stupid, the bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.
Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank". Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin! Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks. |
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@BitUsher: Still waiting for your reply. ...
To help you understand it I will use an analogy... You are playing a game of poker with your friends and instead of settling up between all 20 games in a tournament, you use a special program that automatically locks and remembers all debts in a trustless and secure manner between games so the only txs you need to perform is buying the chips initially and cashing out at the end of the night. At any time you can quickly look up and see your balance and be assured that it is impossible for others to take it or manipulate your earnings.
And if my wallet is empty when the IOU is called? Shit out of luck? |
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Nope. all people will need bank.
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
Why? Why would people need banks??? With btc you can store your money safely so why would you need a bank? You want to buy a house, but don't have $1 million? That's where the bank comes in. You mean lending? Well lending by crowdfunding is definitely the solution here, especially with btc it becomes really easy! Whelp, nothing stopping you from crowdfunding a new house now. Try it & see how that goes for you. When you fail, try to figure out why you did, & why thousands of people didn't line up to lend you a million dollars. |
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I don't understand. Isn't the size of blocks the limit for number of tx?
Even if you change the network, a XMB block can still contain only an amount of Tx's proportionnal to X no?
No , the LN is a extremely efficient caching layer that doesn't involve trusting third parties and can settle much higher txs. To help you understand it I will use an analogy... You are playing a game of poker with your friends and instead of settling up between all 20 games in a tournament, you use a special program that automatically locks and remembers all debts in a trustless and secure manner between games so the only txs you need to perform is buying the chips initially and cashing out at the end of the night. At any time you can quickly look up and see your balance and be assured that it is impossible for others to take it or manipulate your earnings. And if my wallet is empty by the time the IOU is called? Shit out of luck? |
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We want an armored truck, not a safe on castor wheels pulled by a horse.
We are building a tank with hardened steal, exploding anti- tank missile panels, advanced engine and suspension components for maneuverability, and a more efficient engine to carry a larger capacity and more ammo... You simply want to double the weight of the tank and throw a bigger cc diesel engine in her that guzzles more fuel.  Reality: Core team sits on butt for 7 years, because tanks (  ) don't scale. With Axis of Evol at the gates, Core chooses to forgo  , because "lack security," ...opting, instead to reinvent tank warfare. By having those WW1 Mark 1s (top speed: 7tps; Cruising speed: 2.7tps) tow a bunch of half-tracks (see: BlitzNetzwerk), which would do that actual fighting. A scheme analogous to  , which we all know worked super good. Bonus: Troop morale at all-time high, because BlitzNetzwerk development fully funded by Krupp Works. |
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... If the byproduct is happiness that that is a consequence I can accept. Bllep bloop blop
My words are being written without brrrzg bleep bloop aggression and lack any emotional fervor. They are written with a calm and confident resolution attached to some well dumping core in reasoned principles.
They aren't even intended for many of the human individuals I am responding to but to educate other readers lurking to our perspective meat space brrp bzz bleep bloop blop.
BTW, who are "we"? Who are these people who are so willing to throw everyone under the bus to get it their way?
No one is willing to throw anyone under the 16bit bus. I empathize with your position and will not interfere with your brrrapzap choices or vision of bitcoin, human. That is the beauty of bitcoin, its voluntary nature bleep bloop kernel panic!
"We" principally refers to the scenting life form that is Us bloop blop.
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...
I'd rather have my dad use a trezor than coinbase.
The thought of my dad using a Trezor or Coinbase -- either one -- unsettles me a bit. On par with imagining him scoring crack. At 2a.m. In the projects... LOL. We have a ways to go on making consumer friendly offline wallets. People do need to make a paradigm shift and understand that freedom comes with a cost. It takes more effort to be your own bank. I fear most won't understand the value in it until they have fallen prey to depositor bail-ins, seized accounts, or just an outright bank failure with or without deposit insurance. The thing is, not everyone is looking for this kind of freedom. My dad has fallen victim to exactly the same bail-ins as you have, (though he has never had an account seized, as, I'm assuming, you have) but there's no way I could convince him to start using BTC. Because being his own bank is as attractive to him as being his own mechanic. Which is to say "not at all." I, myself, like being my own mechanic, but I do realize that it's not for everyone. That's why I do not corner people in stairwells & lecture them on how much money they could save by being their own mechanics, how auto shops routinely replace shit that doesn't need replacing & what a racket the whole auto industry is. |
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Tell me more about your exquisite underwear Lamby What else is there to say? It's exquisite and risqué <==the "é" is a nod to BitUsher If really curious, find out for yourself at  , where we Agent Provocateurs hang out. |
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1) No one cares about Bitcoin (excluding a very small tranche of society)
2) No one cares about "decentralisation" (excluding a very small tranche of society)
3) The masses do what they're told (excluding a very small tranche of society)
1. Maybe they should start to care, because they missing out on a great technology. 2. They do not care, because they never had a alternative solution... now they have. 3. Sheep will be sheep, they just need someone to lead or chase them... Bitcoin is the sheep dog. ... 1. They're starting to care, with high-profile cases like http://www.latimes.com/local/lanow/la-me-ln-hollywood-hospital-bitcoin-20160217-story.html2. The ones who want to charge too much for shitty drugs on DNMs & sell child porn care -- the rest not so much. 3. Bitcoin's getting B& in Russia, others sure to follow. That ain't no sheepdog you're following, moar liek Pied Piper. |
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Nope. all people will need bank.
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
Why? Why would people need banks??? With btc you can store your money safely so why would you need a bank? You want to buy a house, but don't have $1 million? That's where the bank comes in. |
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