Bitcoin Forum
May 25, 2024, 11:09:02 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 [47] 48 49 50 51 52 53 54 55 56 57 58 59 »
921  Bitcoin / Bitcoin Discussion / Re: $55 Million for Blockstream to build out Bitcoin! on: February 03, 2016, 11:07:38 PM
Wish this block size debate could be put to sleep for good. So tiresome.

War. What is it good for? Absolutely nothing Sad
922  Bitcoin / Bitcoin Discussion / Re: Is it good or bad that Core development is virtually controlled by one company? on: February 03, 2016, 11:02:42 PM
"We were one of the first companies that painted a vision for interoperable blockchains, that there wasn’t going to be one blockchain, but many of them, all building off the bitcoin codebase to deliver the technology."

No false modesty here. Just a dynamic, innovative company.

923  Bitcoin / Bitcoin Discussion / Re: Is it good or bad that Core development is virtually controlled by one company? on: February 03, 2016, 10:45:47 PM
So Tor's development is driven by the US government? Just trying to understand your logic behind this.

TOR development is funded by the US government, but not necessarily driven by it. Unlike corporations, governments (at least in theory) are not created/structured to generate profit.

Corporations, of course, are responsible to their shareholders, typically to generate financial gains.
Imagine such a for-profit corporation, a hot dog bun manufacturer, being placed in charge of your lunch menu.
Question: All other things being equal, do you think you'll eat hot dogs or hamburgers more often?

To be fair, I don't think a private company has the same legal obligations. There are no shareholders.

"Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use." --CoinDesk

"A Series A round is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchange for their investment. It is usually the first series of stock after the common stock and common stock options issued to company founders, employees, friends and family and angel investors."--Wikip
924  Bitcoin / Bitcoin Discussion / Re: Is it good or bad that Core development is virtually controlled by one company? on: February 03, 2016, 10:22:18 PM
So Tor's development is driven by the US government? Just trying to understand your logic behind this.

TOR development is funded by the US government, but not necessarily driven by it. Unlike corporations, governments (at least in theory) are not created/structured to generate profit.

Corporations, of course, are responsible to their shareholders, typically to generate financial gains.
Imagine such a for-profit corporation, a hot dog bun manufacturer, being placed in charge of your lunch menu.
Question: All other things being equal, do you think you'll eat hot dogs or hamburgers more often?
925  Bitcoin / Bitcoin Discussion / Re: Analysis and list of top big blocks shills (XT #REKT ignorers) on: February 03, 2016, 09:07:41 PM
There should be no such thing as a main implementation, and if there is a reference implementation like there is now, power and control should be taken away from this point of centralization.
Nonsense. You're pulling up your own biased opinion. Bitcoin has always had a main implementation (QT now Core). There is no reason for which this has to change.

To think that we should only change the network when we have consensus is the equivalent to saying that we should never change the rules of the protocol. True consensus in the original sense of the word is impossible among larger groups of people. Enforcing such an idea is no different then a tyranny of the minority. Bitcoin is freedom, it even solves the problem of tyrrany of the majority, exactly because of this ability to hard fork. Which I think is a crucial feature of Bitcoins governance mechanism which helps to ensure the continued freedom and decentralization of the protocol.
I think you misunderstood the 'tyaranny of the majority' part. What Classic is proposing is exactly the kind of tyranny that I'd expect from the people who are behind it. The minority (which is the wrong word for 1/4 of the network) is left with no choice but to join or quit completely.

mi·nor·i·ty
məˈnôrədē/
noun: minority; plural noun: minorities
1. the smaller number or part, especially a number that is less than half the whole number.

So yeah, 1/4 is THE MINORITY. And no one is stopping you from doing shit, or making you join anyone. Do what you want. Mine, not mine, keep your coin, sell it -- the future is yours, baby!

Quote
Another thing that you're trying to sell here is that the network can't reach consensus; this is wrong. Miners have demonstrated that this is possible with several soft forks. With enough time and support a hard fork can be easily deployed with 90% consensus and probably more.

Again, from wikip:
"...Possible decision rules for consensus vary within the following range:

    Unanimous agreement
    Unanimous consent (See agreement vs consent below)
    Unanimous agreement minus one vote or two votes
    Unanimous consent minus one vote or two votes
    Super majority thresholds (90%, 80%, 75%, two-thirds, and 60% are common).
    Simple majority
    Executive committee decides
    Person-in-charge decides"
926  Bitcoin / Bitcoin Discussion / Re: $55 Million for Blockstream to build out Bitcoin! on: February 03, 2016, 07:00:50 PM

I, for one, welcome our Blockstream overlords.
927  Bitcoin / Bitcoin Discussion / Re: Europe unfriendlyness is growing on: February 03, 2016, 06:54:03 PM
Terrorism can be related to anything. Or not. Same with bitcoin. Or anything else. Terrorists can deal with anything: money, bitcoin, gold. But all of a sudden they've got bitcoin to blame. How convenient.

Sometimes... Sometimes it just seems they don't even care how we feel...
928  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 03, 2016, 05:28:18 PM
everyone CHILL OUT

its not about bitcoin.
its about unregulated exchanges that handle FIAT

they are not going after bitcoin-core to start demanding users hand over ID, its purely exchanges that handle FIAT unregulated.

so chill out, its not an attack on bitcoin

Today it is unregulated FIAT exchanges and tomorrow they decide to close down regulated exchanges that allows for Bitcoin trading. We will have to

find a way for these services to survive, no matter what these organizations decide to do. Let's say, they want to advance their own Blockchain

technology and then regulate these exchanges to deny Bitcoin... It can happen, and it will happen as soon as their technology are completed.

I'm afraid the day of reckoning is upon you, criminal.
Turn yourself in to your local authorities, and try to show some remorse for what you've done..

929  Bitcoin / Bitcoin Discussion / Re: The need for decentralised exchanges — has never been more important on: February 03, 2016, 04:46:18 PM
...
your forgetting ripple that allowed exchanging on ripple. and when finally ready to cash out you would use things like bitstamp/kraken
...

Option A:
1. Give your ID to bitstamp/kraken
2. Trade & cash out on bitstamp/kraken

Option B:
1. Trade via Ripple, the centralized decentralized solution
2. Give your ID to bitstamp/kraken
3. Cash out on bitstamp/kraken

Nice Smiley

I used to travel to the US 3 or 4 times a year, and I used to buy my dollars from people in the exchange bank queues. It gave both of us a better deal. How long will it be before people start doing this with Bitcoin.

Being done now. >>> Localbitcoins.com
930  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 03, 2016, 04:35:53 PM
This is quite funny in my opinion because this is like if a person is doing murder with knife , you put a ban on selling of knives.
When they can't stop the criminals and terrorism why do they think they can stop Bitcoins ? I think its funny if hackers and terrorists start using USD , they will demand USD ban too.

No one is banning Bitcoin. They're not letting you sell it, for their filthy fiat, anonymously. Or, rather, they're not letting exchanges facilitate such transactions.
931  Bitcoin / Bitcoin Discussion / Re: Technological Wizards of the Banking Industry on: February 03, 2016, 04:16:00 PM
...
Why? So they could reduce their transaction costs and time.

Banking transactions take roughly (ping time) + (time to update a database) = less than a second. When I buy shit with a CC, it takes me anywhere from 3 to 20 seconds before I leave the checkout.
Bitcoin?

The cost of a fiat transaction is a few pennies.
Bitcoin? Currently $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes.
So now you know.
I cashed a cheque last week. It took over 3 business days to clear.  

ORLY? I tried to cash out some BTC from Cryptsy. Guess how long that's taking?
No, the point you tried to argue is that banking is almost instantaneous. I refute that. That said I can see from your curt replies that you enjoy muddying the water.

No. I said banking transactions are almost instantaneous. In some cases, like with your 20th-century anachronism, the paper check, banks *choose* not to credit your account for security reasons. My bank, for instance, clears the business checks I deposit instantly (not really sure tho, haven't been living hand-to-mouth lately, perhaps because have been out of BTC for >2 years. Feelsgoodman.gif).

Oh yes there is a massive security risk on a £40 cheque cashed between 2 family members with accounts in the same bank. Maybe they needed the time to let the ink dry on the money. Or maybe they were scared that in those 3 business days they'd be needing another bail out.

Your family keeps bouncing checks off each other? Well there's your problem right there!

Seriously tho, you do understand why checks exist, correct? It's so that old people, who get scared by anything more high-tech than a pen, can still buy things. Without needing a computer, smartphone, or internet connection.
Next you'll start bitching that wheelchairs and mobility scooters are slow Angry

So when you hit up your Granny for £40 because you gambled away your rent on bitcoins, remember: If not for paper checks, you would have got nothing at all. Which would have been better both for you & Granny -- she's just enabling you, should let you hit rock-bottom.

The great thing about Bitcoin is that it allows those who are bankless to participate in the global economy....And, it provides a platform by which one can interact within the digital economy on a micro-scale which benefits consumers of intellectual content, as well as, the artists who produce it.

Who are these works of fiction? Why can't they buy prepaid cards, at their local bodegas, but can buy bitcoins?

'S far as microtransactions go, forget about those. Because "[Bitcoin transactions currently cost] $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes."
Sad

There are some places in the world that do not have "local bodegas" and there are others that are in extreme turmoil due conflict and unrest....In fact, I used to think like you until I found out that not every city in the world has a 7-Eleven on all their corners.  I don't know, it's just nice that those who are struggling in third world nations have an outlet to participate in commerce when they need it.  Countries whose economy is suffering with hyper-inflation, at least, have the option to store their assets in bitcoin to secure their holdings...Zimbabwe for example.

Those places without local bodegas, in social turmoil, full of unbanked -- their commerce is Bitcoin-based, you say? Or do they order shit on the internet, via universal free sat uplinks?

Do you know that "Nearly half the world's population, 2.8 billion people, survive on less than $2 a day"? These are the people who are going to flock to Bitcoin? To buy angora socks on AlphaBay, I take it?

Where do you get these weird fantasies?

P.S. Inflation is a *rich people problem*.  When you're living on < $2 a day, ain't much money sitting in the bank. 4realsies.

No, they're the shoeless one's raising the rabbits, processing the fur, and producing the angora socks to sell to the bourgeoisie so that they can earn enough to feed their children.

These are figments of your imagination, like pink elephants and the bugs crawling under your skin after you do too much shitty DNM crank -- not real, they do not exist.
Stop concocting these outlandish fantasies -- you won't reconcile your trying to get rich by buying BTCeanies & sitting on your butt with basic human ethics, sorry.
Put me in touch with *one* person like that, *ONE*. Then we'll talk.

P.S. No need to thank me for letting you advertise that dice site in your sig.

Here are some real world cases: https://www.youtube.com/watch?v=cTVWasymExg

P.S.  More than dice....Poker's my thing....But, thank you anyway....Capitalism at it's best!

Lol, this is exactly what I mean: you're being fed bullshit. Already addressed her:
...
No one is giving out any (meaningful sums of) Bitcoins in Africa. The last thing I heard was some BitPesa 3dpd lady taking Safaricom to Kenyan High Court because "BAWW, payment processors don't want to play with us."
...and LOSING!!
Cheesy



Everyone wants to *make money* on 3rd-world countries. These are not nice people. Bitcoiners are banksters too, only worse. Because vulgar, hungry, uncouth nouveau riche Sad

TL;DR: Don't confuse "exploit" & "help." At least do some research [read: Google] on the shit you link.
932  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 03, 2016, 04:09:10 PM
Your old Samsung cut off the text? Again? Oh well, another try:

Right, I going to try with you again also (god knows why): that kind of language is never appropriate with me < >
K, I'll be gentler & reword.
Still trying to run a full node on that old Samsung smartphone, I take it?

Still trying to pretend that big-blockism is all about everyone transacting on-chain?  Wink The idea that old smartphones could handle your plan for infinite blocksizes should really be a central part of your rhetoric, no?  Grin

Lol no mah nigga, sweetie,  just trying to keep the Peer-to-Peer Electronic Cash System dream alive for the Great Unwashed. 'Coz once they figure out we've been selling them a story, I do believe they'll lynch us Sad

Chin up, Buttercup! Smiley
933  Bitcoin / Bitcoin Discussion / Re: Technological Wizards of the Banking Industry on: February 03, 2016, 03:37:51 PM
...
Why? So they could reduce their transaction costs and time.

Banking transactions take roughly (ping time) + (time to update a database) = less than a second. When I buy shit with a CC, it takes me anywhere from 3 to 20 seconds before I leave the checkout.
Bitcoin?

The cost of a fiat transaction is a few pennies.
Bitcoin? Currently $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes.
So now you know.
I cashed a cheque last week. It took over 3 business days to clear.  

ORLY? I tried to cash out some BTC from Cryptsy. Guess how long that's taking?
No, the point you tried to argue is that banking is almost instantaneous. I refute that. That said I can see from your curt replies that you enjoy muddying the water.

No. I said banking transactions are almost instantaneous. In some cases, like with your 20th-century anachronism, the paper check, banks *choose* not to credit your account for security reasons. My bank, for instance, clears the business checks I deposit instantly (not really sure tho, haven't been living hand-to-mouth lately, perhaps because have been out of BTC for >2 years. Feelsgoodman.gif).

Oh yes there is a massive security risk on a £40 cheque cashed between 2 family members with accounts in the same bank. Maybe they needed the time to let the ink dry on the money. Or maybe they were scared that in those 3 business days they'd be needing another bail out.

Your family keeps bouncing checks off each other? Well there's your problem right there!

Seriously tho, you do understand why checks exist, correct? It's so that old people, who get scared by anything more high-tech than a pen, can still buy things. Without needing a computer, smartphone, or internet connection.
Next you'll start bitching that wheelchairs and mobility scooters are slow Angry

So when you hit up your Granny for £40 because you gambled away your rent on bitcoins, remember: If not for paper checks, you would have got nothing at all. Which would have been better both for you & Granny -- she's just enabling you, should let you hit rock-bottom.

The great thing about Bitcoin is that it allows those who are bankless to participate in the global economy....And, it provides a platform by which one can interact within the digital economy on a micro-scale which benefits consumers of intellectual content, as well as, the artists who produce it.

Who are these works of fiction? Why can't they buy prepaid cards, at their local bodegas, but can buy bitcoins?

'S far as microtransactions go, forget about those. Because "[Bitcoin transactions currently cost] $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes."
Sad

There are some places in the world that do not have "local bodegas" and there are others that are in extreme turmoil due conflict and unrest....In fact, I used to think like you until I found out that not every city in the world has a 7-Eleven on all their corners.  I don't know, it's just nice that those who are struggling in third world nations have an outlet to participate in commerce when they need it.  Countries whose economy is suffering with hyper-inflation, at least, have the option to store their assets in bitcoin to secure their holdings...Zimbabwe for example.

Those places without local bodegas, in social turmoil, full of unbanked -- their commerce is Bitcoin-based, you say? Or do they order shit on the internet, via universal free sat uplinks?

Do you know that "Nearly half the world's population, 2.8 billion people, survive on less than $2 a day"? These are the people who are going to flock to Bitcoin? To buy angora socks on AlphaBay, I take it?

Where do you get these weird fantasies?

P.S. Inflation is a *rich people problem*.  When you're living on < $2 a day, ain't much money sitting in the bank. 4realsies.

No, they're the shoeless one's raising the rabbits, processing the fur, and producing the angora socks to sell to the bourgeoisie so that they can earn enough to feed their children.

These are figments of your imagination, like pink elephants and the bugs crawling under your skin after you do too much shitty DNM crank -- not real, they do not exist.
Stop concocting these outlandish fantasies -- you won't reconcile your trying to get rich by buying BTCeanies & sitting on your butt with basic human ethics, sorry.
Put me in touch with *one* person like that, *ONE*. Then we'll talk.

P.S. No need to thank me for letting you advertise that dice site in your sig.
934  Bitcoin / Bitcoin Discussion / Re: Technological Wizards of the Banking Industry on: February 03, 2016, 03:13:28 PM
...
Why? So they could reduce their transaction costs and time.

Banking transactions take roughly (ping time) + (time to update a database) = less than a second. When I buy shit with a CC, it takes me anywhere from 3 to 20 seconds before I leave the checkout.
Bitcoin?

The cost of a fiat transaction is a few pennies.
Bitcoin? Currently $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes.
So now you know.
I cashed a cheque last week. It took over 3 business days to clear.  

ORLY? I tried to cash out some BTC from Cryptsy. Guess how long that's taking?
No, the point you tried to argue is that banking is almost instantaneous. I refute that. That said I can see from your curt replies that you enjoy muddying the water.

No. I said banking transactions are almost instantaneous. In some cases, like with your 20th-century anachronism, the paper check, banks *choose* not to credit your account for security reasons. My bank, for instance, clears the business checks I deposit instantly (not really sure tho, haven't been living hand-to-mouth lately, perhaps because have been out of BTC for >2 years. Feelsgoodman.gif).

Oh yes there is a massive security risk on a £40 cheque cashed between 2 family members with accounts in the same bank. Maybe they needed the time to let the ink dry on the money. Or maybe they were scared that in those 3 business days they'd be needing another bail out.

Your family keeps bouncing checks off each other? Well there's your problem right there!

Seriously tho, you do understand why checks exist, correct? It's so that old people, who get scared by anything more high-tech than a pen, can still buy things. Without needing a computer, smartphone, or internet connection.
Next you'll start bitching that wheelchairs and mobility scooters are slow Angry

So when you hit up your Granny for £40 because you gambled away your rent on bitcoins, remember: If not for paper checks, you would have got nothing at all. Which would have been better both for you & Granny -- she's just enabling you, should let you hit rock-bottom.

The great thing about Bitcoin is that it allows those who are bankless to participate in the global economy....And, it provides a platform by which one can interact within the digital economy on a micro-scale which benefits consumers of intellectual content, as well as, the artists who produce it.

Who are these works of fiction? Why can't they buy prepaid cards, at their local bodegas, but can buy bitcoins?

'S far as microtransactions go, forget about those. Because "[Bitcoin transactions currently cost] $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes."
Sad

There are some places in the world that do not have "local bodegas" and there are others that are in extreme turmoil due conflict and unrest....In fact, I used to think like you until I found out that not every city in the world has a 7-Eleven on all their corners.  I don't know, it's just nice that those who are struggling in third world nations have an outlet to participate in commerce when they need it.  Countries whose economy is suffering with hyper-inflation, at least, have the option to store their assets in bitcoin to secure their holdings...Zimbabwe for example.

Those places without local bodegas, in social turmoil, full of unbanked -- their commerce is Bitcoin-based, you say? Or do they order shit on the internet, via universal free sat uplinks?

Do you know that "Nearly half the world's population, 2.8 billion people, survive on less than $2 a day"? These are the people who are going to flock to Bitcoin? To buy angora socks on AlphaBay, I take it?

Where do you get these weird fantasies?

P.S. Inflation is a *rich people problem*.  When you're living on < $2 a day, ain't much money sitting in the bank. 4realsies.
935  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 03, 2016, 02:52:13 PM
I think Europe has more important problems than Bitcoin.
Immigration second wave is going to begin.
Political instability.
Know a bitcoiner who loves and stands behind his government? Me neither.
Quote
Terrorism.
Bitcoin funded. Because can't be controlled by statist pigs, not like their filthy fiat.
Quote
US with much stronger centralized government didn't try to ban bitcoin..
Some claim Bitcoin's a NSA honeypot...
936  Economy / Speculation / Re: Bitcoin goes to 1200-1300 (within a month?) on: February 03, 2016, 02:43:50 PM
...
Japan just announced they are going to negative interest rates. Many elderly people around the world saved their entire lives ...

"Japan’s new negative interest rate, minus 0.1 percent, will take effect on Feb. 16. It will be assessed only on balances that commercial banks deposit at the central bank in excess of regulatory minimums."

TL;DR: .1%, i.e. 10 years to turn 100 moon moneys into 99 moon moneys.
And only between banks Cheesy
No Japanese elderly exodus out of banks & into buying your bags, sry.
937  Bitcoin / Bitcoin Discussion / Re: Technological Wizards of the Banking Industry on: February 03, 2016, 02:29:54 PM
...
Why? So they could reduce their transaction costs and time.

Banking transactions take roughly (ping time) + (time to update a database) = less than a second. When I buy shit with a CC, it takes me anywhere from 3 to 20 seconds before I leave the checkout.
Bitcoin?

The cost of a fiat transaction is a few pennies.
Bitcoin? Currently $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes.
So now you know.
I cashed a cheque last week. It took over 3 business days to clear.  

ORLY? I tried to cash out some BTC from Cryptsy. Guess how long that's taking?
No, the point you tried to argue is that banking is almost instantaneous. I refute that. That said I can see from your curt replies that you enjoy muddying the water.

No. I said banking transactions are almost instantaneous. In some cases, like with your 20th-century anachronism, the paper check, banks *choose* not to credit your account for security reasons. My bank, for instance, clears the business checks I deposit instantly (not really sure tho, haven't been living hand-to-mouth lately, perhaps because have been out of BTC for >2 years. Feelsgoodman.gif).

Oh yes there is a massive security risk on a £40 cheque cashed between 2 family members with accounts in the same bank. Maybe they needed the time to let the ink dry on the money. Or maybe they were scared that in those 3 business days they'd be needing another bail out.

Your family keeps bouncing checks off each other? Well there's your problem right there!

Seriously tho, you do understand why checks exist, correct? It's so that old people, who get scared by anything more high-tech than a pen, can still buy things. Without needing a computer, smartphone, or internet connection.
Next you'll start bitching that wheelchairs and mobility scooters are slow Angry

So when you hit up your Granny for £40 because you gambled away your rent on bitcoins, remember: If not for paper checks, you would have got nothing at all. Which would have been better both for you & Granny -- she's just enabling you, should let you hit rock-bottom.

Straw man.

You are a banker shill and apologist, and I claim my 0.0001 bit.

Banker Shill?!



Stop calling me a bankster shill, Bitcoin criminal! I know your kind, probably hopped up on bath salts, jerkin' to CP you bought with your Pedo Pesos Angry
938  Bitcoin / Bitcoin Discussion / Re: Technological Wizards of the Banking Industry on: February 03, 2016, 02:13:35 PM
...
Why? So they could reduce their transaction costs and time.

Banking transactions take roughly (ping time) + (time to update a database) = less than a second. When I buy shit with a CC, it takes me anywhere from 3 to 20 seconds before I leave the checkout.
Bitcoin?

The cost of a fiat transaction is a few pennies.
Bitcoin? Currently $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes.
So now you know.
I cashed a cheque last week. It took over 3 business days to clear.  

ORLY? I tried to cash out some BTC from Cryptsy. Guess how long that's taking?
No, the point you tried to argue is that banking is almost instantaneous. I refute that. That said I can see from your curt replies that you enjoy muddying the water.

No. I said banking transactions are almost instantaneous. In some cases, like with your 20th-century anachronism, the paper check, banks *choose* not to credit your account for security reasons. My bank, for instance, clears the business checks I deposit instantly (not really sure tho, haven't been living hand-to-mouth lately, perhaps because have been out of BTC for >2 years. Feelsgoodman.gif).

Oh yes there is a massive security risk on a £40 cheque cashed between 2 family members with accounts in the same bank. Maybe they needed the time to let the ink dry on the money. Or maybe they were scared that in those 3 business days they'd be needing another bail out.

Your family keeps bouncing checks off each other? Well there's your problem right there!

Seriously tho, you do understand why checks exist, correct? It's so that old people, who get scared by anything more high-tech than a pen, can still buy things. Without needing a computer, smartphone, or internet connection.
Next you'll start bitching that wheelchairs and mobility scooters are slow Angry

So when you hit up your Granny for £40 because you gambled away your rent on bitcoins, remember: If not for paper checks, you would have got nothing at all. Which would have been better both for you & Granny -- she's just enabling you, should let you hit rock-bottom.

The great thing about Bitcoin is that it allows those who are bankless to participate in the global economy....And, it provides a platform by which one can interact within the digital economy on a micro-scale which benefits consumers of intellectual content, as well as, the artists who produce it.

Who are these works of fiction? Why can't they buy prepaid cards, at their local bodegas, but can buy bitcoins?

'S far as microtransactions go, forget about those. Because "[Bitcoin transactions currently cost] $373 * 25BTC / 2.7tps * (600sec per block) = ~$5.75 + tx fee, per fucking transaction. You don't pay it because it's currently subsidized by Bitcoin base money inflation, i.e. printing 25 bitcoins out of thin air every 10 minutes."
Sad
939  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 03, 2016, 02:05:30 PM

Your old Samsung cut off the text? Again? Oh well, another try:

Still trying to run a full node on that old Samsung smartphone, I take it?

Still trying to pretend that big-blockism is all about everyone transacting on-chain?  Wink The idea that old smartphones could handle your plan for infinite blocksizes should really be a central part of your rhetoric, no?  Grin

Lol no, mah nigga, just trying to keep the Peer-to-Peer Electronic Cash System dream alive for the Great Unwashed. 'Coz once they figure out we've been selling them a story, I do believe they'll lynch us Sad
940  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 03, 2016, 01:32:18 PM
lol at "average webpage size is 2MB"

So, Mr. Computer Scientist, I suppose all the Javascript interpreting and CSS rendering that takes place after the webpage is downloaded is also equivalent to verifying the ECDSA signatures & Merkle roots of a 2MB of Bitcoin transactions?

Much simplicity. Very ignorance.
Even if you ignore that part, Gavin has lost a lot of credibility for me in the block size debate. Half a year ago '2MB was absurdly small' (let's also recall "20MB urgent") and now he's the one who made the proposal for Classic. I'm not sure how people can't realize that he's not doing this for the community nor for Bitcoin. It wouldn't matter much to me if they had set the consensus threshold at 90-95% though.

2MB *is* absurdly small, Lauda. What Gavin's doing is what's called "compromising."
Yes, upping the blocksize was (and is) urgent. A hard fork is required to change the blocksize, no matter if by 1 byte or 19 MB. If it's the hard fork that bothers you, you should understand why 2MB will give Bitcoin a new lease on life by kicking the can down the road, while 20 would kick it into the next county.

That said, he'll likely live down your loss of respect for him. He's rugged.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 [47] 48 49 50 51 52 53 54 55 56 57 58 59 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!