Thanks guys, you have given me some insight about this unnecessary war that began before I really got into crypto.
Double Agent S-M started CPU-Wars to mine new coins so in that respect Intel, AMD and big oil are very happy and the other debate about having to take everything off block to use Lightning Network is going to get much hotter yet. Bigger blocks and playing with the timing on Bitcoin may help a little bit but they need Distributed Network Architecture (DNA) and not replication or banker hubs on the main block chain |
|
|
|
First, lets define scaling as having enough capacity to provide very cheap transactions for all the active users. Currently Bitcoin has 4-7 transactions per second, while Visa processes 4,000 transactions per second. This means that to get to that level blocks should be 1,000 times bigger, and this is bad, because users won't be able to participate in the network - and when it happens, it stops being cryptocurrency and turns into another payment processor. And what is worse, it can happen pretty fast even 8-12 MB blocks would dramatically decrease the node count, while not giving any significant boosts in capacity. So, increasing blocksize is by no means can be called a scaling solution, it is very-very short term, and we shouldn't care about short term, because Bitcoin is a fundamental technology.
They have got to spread the block-chain across nodes instead of just doing data replication but I think they are dead set on this path with Lightning and you know just what I think of that. Several times now I have tried to image how to do this but the concepts I come up with just end up as a big complicate mess and its as if some elegant simple solution is just out of reach but it's not coming to me. Whispers, gossip and gossip about gossip just don't sit well with me |
|
|
|
Bitcoin is free software and any developer can contribute to the project.
The first: Code Review
Bitcoin Core is security software that helps protect assets worth billions of dollars, so every code change needs to be reviewed by experienced developers
I am not so sure that it this easy and Mr J Poon who's running the lightning network project won't answer his emails and I once tried this "Open Source" approach with firefox and code related to google but they would not take the offending code out. My code for Bitcoin Core is only one line long so do you think they will put it in to the project for me public static money MaxFee=1.5 // Miners that do not like it are free to leave because we have ten timed more than we need |
|
|
|
|
Question should be more like will it hit $100 within 100 days
Them fat plump gentlemen moving at a slow pace towards the door are whales, they own the Bitcoin development team
and are about to start running, one falls over because he was laughing so much, no sorry that was a miner, CPU heat got
to him
|
|
|
|
I propose that the steps listed below are useful.
1. Buy 'bitcoin' in bulk, or 'PANIC BUY',
2. Forcing 'big whales' to buy bitcoin as it did in Dec. 2017.
3. Fix 'high transaction fees' in order to get back low.
I think the three ways are very precise, and if is successfully realized, I`m sure investor interest in bitcoin will be higher again.
No man you need to buy some of them ICO things your selling from Iceland because the polar bears are getting cold out in the snow and need warming up via CPU-Wars but what, what is this I notice............wot you is begging for money on the site ......... ..... wot and you don't mind Ripple ........ it, not do Minning ... rip of.... ri.. f Please speak slowly, get the grammer rrrright be cus it's cold ear you're breaking up............. yes I got your nnnmmbera .............bears are hungr...y ..............£$%^£& .. |
|
|
|
woah  this post was way back 2015 and it is good to see that most of these users are now high-ranked. Hero and Legendary going to the question, Western union or other similar services usually take 1–5% for a transfer of money while by Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry. so I think bitcoin transfer is better Holly shit batman I knew my computer had a virus when you said " Bitcoin the usual transaction fee is a couple of cents!"  The forkers have even taken over my calculator and here I was thinking that two weeks ago a single transaction fee just to send $10.00 to my mum had cost me $37.94 how stupid could I be, you saved my life so let me kiss you  |
|
|
|
Between WU and Bitcoin, it is Bitcoin even when the fees were at their highest point. It's just such a massive ripoff, unbelievable.
Yes WU you put money or gold in and you got money or gold out minus fees Here you put money in and you get tokens out so "massive ripoff, unbelievable" and that just for sending 250 bytes of electronic data and we know Bitcoin will always be around because today you can walk into any flower shop and still buy a Tulip |
|
|
|
Bitcoin price is so volatile, it goes up and down. Now, bitcoin price is going down but i dont think it will reach to as low as $100 .
I see hope for you yet Having a plan and sticking to it is the key and my plan was to get out at $50,000 because I thought that the professionals controlling the miners would run to about $50,000 and it was best not to be greedy Well I can admit that I was wrong but I had already made sure that I was playing for free and did not mind the flutter but i am dammed if I will let the miners mug me at the door for ten cents and get away with it. Note everyone running an advert in there footer is so overoptimistic because without them the debate here would be much closer to 50:50 and today they are going mad pumping old posts back to the top. Tulips went up and down until one day the didn't ! |
|
|
|
Liking your style, when the mining market crashes I'm gonna see if I can get some cheap second hand GPUs.
I just love the smell of panic and I am not sure what triggered it and could I find a way of going short on second had GPU's then I would join you. We knew it would pop but the miners and development team got too greedy too early and I cannot do much about the so called whales but the miners robbed me for $100 last month in fees and it's payback time so what you bid me on a slightly used 1080 GPU that comes in a box with free postage. Funny, as i said the miners have gone all pussy and tom fool won't step into the ring |
|
|
|
it will not happen, bitcoin is never down the price but it does not get that bad
You know for some strange reason and i cannot think what it is but everyone running a signature campaign in the footer of the comments they make somehow seem a bit disconnected from the comments that other make as if the just don't "Get it" I was wondering about you views about this ? |
|
|
|
|
OP shut up because I was hoping against hope to see $12oz silver and now you have to go
and say that
Tulips got to $200,000 in today's and I would not even dare to fart in a room with one of them in it
and I am sure BTC was good for $50,000 but greedy miners and the development on the take got
too greedy too soon and now the whales are heading for the exit door slowly and hope not to create
a panic but the greedy around is just won't see it, addicts new do when they are with their own kind
Come on miners or have you all turned pussy
.
|
|
|
|
|
Four views, no reply's
Looks like magnets under the table in this bar too.
|
|
|
|
I think once the Korean exchange bans news ends, and the Indian bank accounts for exchanges reopen then bitcoin will be back to 15K +.
I am not sure that even Jesus can save you and I never got to church |
|
|
|
I think nothing shy of "lightening network solves bitcoin problems" will suffice. Until we see lower transaction fees and slower wait times, we're going to be stuck at this level.
it's too late brother, Joe six pack witnessed fees rising to $55 per transaction just to send $1.00 and won't be coming to this bar to drink or play the games because the table has magnets under it. Worse then that the whales know that the cat is out the bag about Lightning being nothing but a network of private ledgers and banks they called hubs and they are slowly heading for the exit doors without trying to start a panic. oh you think I am joking then here is the paper, read it yourself https://lightning.network/lightning-network-paper.pdfI am not a religious man but i am trying to save you ! |
|
|
|
|
it won't rise and the whales are heading for the doors and hoping no one panics until they
have managed to at least cross the street.
Cats got out the bang me thinks about the proposed "Lightning Network" being nothing
more than a network of banks that the development team tried to call hubs so please try
to walk and don't run
|
|
|
|
|
They got wind of transactions fees reaching $55.00 just to send 250 bytes of data
across the network to have it recorded in the block chain and all they wanted to do
was gamble a hundred bucks
Sorry boys they know about the magnets under the table and whales know that the
cat is out the bag about Lightning Network being nothing but a network of hub banks so they are
slowly trying to get out saloon without creating a panic.
Save the lady folks, I will deal with the miners so bring it on boys and I bid you
$5.55 for that 1080 GPU but only if it comes with the box and free post
|
|
|
|
The period of anarchists and cyberpunks, rolling for the crypto-anarchism, is gone for a long time now. During the last 12 months (at least) the majority of people who jumped on the cryptos trend was for the sole purpose to speculate on it, this is even more evident when looking at the ICO.
Well said Look at Bitcoin 1 year ago the value was $1,000 now 12 months later $12,000. Not long ago it was at $20,000. Think about this: if $8,000 is just a correction for Bitcoin, imagine the price it could be soon... The $60,000 is really possible. My number was about $50,000 before it went bang but the miners got too greedy to soon and news has now spread far and wide and new money is not coming to this pyramid no more because newbie understand that fees can rise and the development team have gave into greed in other words they have fucked it for everyone 20,000 full nodes processing a mere seven transactions per second is one of the biggest jokes in history but to put that in a number that you can understand (I JOKE NOT) it amounts to about 4kbs<< YES A FUCKING K and a poor quality voice channel (uncompressed) only needs about 33kbs just to put the global warming into perspective |
|
|
|
We can't do anything about it. It has been like this since the beginning of trading. And per BTC's history, this will be normal so rest assured that with these kinds of drop, at some point it will rise again. There will be news of BTC hype again and people will rush in on that bull run.
Well yes Tulip too had bad weeks and kept going up until one day they didn't and I know that's not digital so maybe you can remember the Dot.CON boom and bust because that was digital It different this time right I hope you understand all this "investing" malarkey because I don't so do you mind telling me how to short the price of second hand 1080 graphic cards because I know how to short prices on new ones but not the old ones ? |
|
|
|
When BTC goes down vs USD I never understand it. Once in crypto, always in crypto. I'm only too happy to let go of those dollars.
oh that's so nice to hear so your buying a big six bedroom house in second life and getting one of them crypto-kitties things that running on ETH to keep you company How sweet and I only hope the two of you are happy together |
|
|
|
if you bought something you should have done your homework and believe in the project and If that is the case then stop whining when it drops 30-40% following BTC.
Yes i have done my homework but have you done yours is the question ? Maybe we need a little quiz 1. How many transactions per second can BTC perform 2. What crypto-coin has the highest transaction fees 3. Explain what Segwit is and why so few people use it 4. In the lightning network explain why credits cannot move across ledgers Yes you can ask a friend on question four so which one will it be Alice https://www.youtube.com/watch?v=UYHFrf5ci_gBob https://lightning.network/lightning-network-paper.pdfBuzz, buzz that was the wrong answer Here is the answer http://forum.cryptolivecap.com/posts/t31-Lightning-NetworkHubs are banks people and your money is stuck in the private ledger and the banks money moves and you can ask an accountant why you cannot just take money from one ledger and move it to another |
|
|
|
|
Show Posts
