Another major problem with LN is one-time low value transactions are not supported. MOST low value transactions are not repeat-many type. Rather, buying coffee is can be one time - never see you again transaction. MOST small transactions will be one-time, never see you again. LN is only good for low value when there is a repeat many relationship between two parties. One-time low value is still not served.
This is the real reason Satoshi walked away - because his vision for, and hard work towards, buying coffee with bitcoin (as stated in the whitepaper) was being threatened. It's also the reason his coins have never moved. No one sells a frappasushi mocha supreme. |
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This is exactly what is happening to Bitcoin due to Core's roadmap. They may be expert programers, but they don't understand that Bitcoin is only valuable if it is useful, and their roadmap is destroying its usefulness. Full blocks and the high fees and backlog that they create are destroying Bitcoin's comparative advantage and driving people to use alt coins instead.  Roger now using his vast wealth to patronize the arts. Thanks, Roger! Did you color that yourself? Was it numbered? Maybe it's not part of Roger's art collection. Maybe it's part of his book collection. Maybe it's a graphical representation of his crypto holdings over time. Please keep us updated, Roger! |
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SATOSHI wanted 1 MB blocks, not 2MB or unlimited block-size.
Are you sure about that? Iirc I'm pretty sure he started with something much more than that and even said that it should be adjusted when needed.. Exactly, i can never remember reading any post by Satoshi where he says the block size should always remain at 1mb, if there is a post somewhere that he says that then please point it out to me. Your search for Satoshi's Last Will and Testament is a noble one, and touching, but perhaps doomed to fail. |
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<...really long post from newbie trying to get to 10-post count in one post ...>
To summarize this rather wordy appeal: 1. Hey, Core, please post your technical reasons for controlling the block size. I'm not able or willing to search for the other 200 times this has been explained, despite having followed this issue for a long time. 2. Hey, Core, you and Blockstream are identical. 3. Miners hate high fees. You can tell they hate high fees because they take the transactions with the highest fees first, instead of taking the oldest transactions first. 4. Satoshi's vision. (NOTE: Why does nobody post about Satoshi's hearing, or his sense of smell? It's always his vision.) 5. I'm not emotionally invested, but Core/Blockstream are doody heads and I quit. |
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Stop the excessive quoting or else. I have also nuclear options.
Rico
24 hours with no quote, no reply??!! I saw my life colliding before my eyes! I apologize for myself, becoin, and everybody else, going forward for the next 2 160 posts. |
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Roger Ver thinks he is the ultimate whale of bitcoin when he is a nobody compared to real 2010-2011 tier whales
Pretty sure there are some 500.000 BTC+ cryptopunks out there reading this thread.
Im sure Roger Ver will find some excuse to not make the public deal because he isn't going to dump, he's just bluffing.
Bitcoin Unlimited nodes are crashing again due a bug. There are 0% chances the market will support BTU.
The (small but noisy) segment of the market's economic nodes currently attacking Bitcoin are running Core while signaling BTU support. No matter. Roger is a snotty punk (especially) compared to the 500k+ BTC Arcturian Megavoidwhales who frolic in the deep beyond Valhalla, singing to their God, the ultimate whale, Satoshi Himself.  Is that your girl Le Pen there in the middle? She's off on a date with Putin. I wonder if Putin and Trump know the meaning of menage a trois. |
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And the 1st 500bn keys (something that took the project like two months) are searched today within 30 minutes.
And we all are going to be dead when 2^256 keys are searched in this project within next couple of centuries. Get your basics right. This project is not searching 2^256 keys. Rico This is fairly high praise coming from a detractor. Not many 2-century projects in human history. |
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Schrödinger's Cat is both alive and dead until someone has a look. Turns out, the same is true for the private keys your LBC client has found. There may be private keys to thousands of bitcoins on your hard disk, and the wave function will only collapse if you have a look. So until you do - you may be a billionaire.  It also turns out, the LBC pool has found #50 about a day ago and today someone - going by the id HodlAllTheCoins - had a look. 0x22bd43c2e9354 - time of find: "Not earlier than Monday 13th March 2017 10:27:20 AM UTC" Rico I should get a reward for asking how many days, which made you urge colliders to look. BTW, I asked on the same day it was found - coincidence, or am I so dumb I'm smart? |
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If polo does not let users set their own transaction fees for BTC withdrawals, this is a disservice to customers.
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35USD is a pretty high level for FOMO money.
Looks to me like educated money is looking for an alternative to BTC in the event of an ETF or blocksize crash in BTC price, or is looking for a toehold in the "silver altcoin" which might grow as bitcoin use wains due to transaction fees/delays.
Educated money might be seeing something in XMR's marketcap competitors that XMR doesn't offer. Unbloated blockchain? Real world use?
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Good point. rephrase my usage of "spam attack" to "time period where the mempool has a lot of unconfirmed transactions"
I doubt whoever is responsible for the recent spike in transactions has taken the effort that we have to reduce the impact of dPoW transactions, and in fact they could well have designed their transactions to use up as much of the mempool as possible.
Fair enough. I guess the thing on everyone's mind (or at least my mind) here is what is happening during the times outlined with the green circles.  From what has been stated in this thread from the people with knowledge of Komodo, is that Komodo transactions aren't causing the spikes in the green circles. Can you say with confidence that Komodo transactions are happening with the same frequency during the times circled in red as the times circled in green? If so, then I'd say the title of this thread is appropriate. Obviously, something is happening during these massive spikes and I think most people involved with Bitcoin would like to know what it is (hence this thread). Many people claim it's simply "normal use" but I'm just not buying that. Your description of the green circles as spikes would be more accurate if they didn't occupy more than half the horizontal axis in your figure. |
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Can we get an update to NotBitcoinUnlimited please?  Can you get an upgrade to maybe having a shred of moral fortitude?  Spoofing clients is an attack on Bitcoin's consensus mechanism and should be condemned by honest users.  Why would you endorse such behaviour unless you are deliberately trying to cause havoc? Your behaviour is far more potentially damaging to the network that any non-core developer could ever be. You are reprehensible. Then again, you probably endorse DDOS attacks on alternative client nodes too, so it's pretty much par for the course, right?  Is that Marine LePen? |
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I've talked to the admin that performed the block and I know their reason for it.
Hope to see you on reddit soon, and FWIW, thanks for the portion of 1200USD that you are responsible for. |
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Inquiring minds want to know.
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When the International Quantum Computing Society inaugurates it's Cryptocurrency Hacker of the Year award in 2025, will it be called the Rico in honor of the pioneer in collision computing?
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Any significance to the extended absence of aminorex in these parts?
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Good morning! HeavenlyCreatures found #49 From XXX
To bots@cryptoguru.org
Date Today 08:02
Hi,
I found #49
0d2f533966c6578e1111978ca698f8add7fffdf3:c:priv:000000000000000000000000000000000000000000000000000174176b015001
+ 0xf4c Looking at the PK, the pool must have found it GMT: Sat, 11 Feb 2017 04:32:26 GMT edit: trophies update. cheers! Rico 16 days, 16 days, 33 days, 67 days, ...... |
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Also, the price for becoin is 0.5 BTC.
I had a boss pull this on me 30 years ago in front of a crowd of people. It was very effective in shutting my smartass mouth. |
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