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price is up a bit, Max leverage short now?
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Segwit is more like 1.3MB equiv, to 1.75MB equiv in a rosy scenario. It also gives a heavy discount to signature heavy transactions like the vaporous LN. Most importantly, the "soft" fork method allows no room for protest at the node level.
It has the added "benefit" of leaving all non segwit nodes in a half broken state, not able to fully validate. All done without their request or permission.
way to understate segwit. 1.75x incess is HUGE! scaling bitcoin isnt about how big we can make the blocks, but how efficiently we can use block space |
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Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.
This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.
Gold is up because it solved its block size problem. you've fallen into Gavin and Mike Hearns govt. doublespeak language trap, there is no "blocksize problem" ... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with. You are correct that it is a transaction capacity problem. I didn't realize it was largely solved and being implemented. A few points of clarification please. What transaction capacity is needed? Being that the transaction capacity challenges are largely solved, would you please list what those solutions are? What is the timeline for the implementation of these solutions? What will be the transaction capacity be when these solutions are implemented and how does it compare to the needed transaction capacity? Thank you. i'll anwer your questions in order for now... about double what we have now. segwit mostly. 6months ISH about double. |
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Shit, we're gonna drop more now
and MindCoin will skyrocket soon! |
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Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.
This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.
bitcoin is different from gold in that it is way more risky. sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place. Hey Adam!!!!!! Give us a sign, fearless leader.   Onward!  to the moon! |
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very nice market action past few hours, we are on the verge poeple.
THE VERGE!
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Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.
This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.
bitcoin is different from gold in that it is way more risky. sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place. |
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please PM me your GH/s and price for 10days of mining the altcoin of my choosing
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Bitcoin Making trips to the moon affordable |
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relentless vol at relatively low levels, everyone is busy selling bottom... will they all sell at once in a panic again at some point? maybe...
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First green shoots on the 30min chart. We're going higher.
32,000? |
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Fellow bitcoiners, bag holders, mother's, sons of bitches! glory is ours for the taking. segwit is a banner, symbolizing our power and cunning, a techno cou de force! throught deep commitment to strong consensus we will achieve an infallible system in which will will sow the seed of disruption. We WILL destroy markets and assimilate nations! nothing can stop us. buy hold spend, spread. We need only be the change we want to see and we shall have it! seize the day and buy ALL the bitcoins!  |
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on avg i guess poeple make 3 TX pre day
that would mean about 256,891TPS on earth
10GB blocks?
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...
100MB blocks with segwit = ~2Mbps ~1400TPS capacity just about the same as Visa's avg TPS.
3 * 100 * (at most) 2 = (at most) 600, not 1400  right, 3-5 * 100 *2 well with god knows what further improvements i think we can get a high enough TPS so that tiny fees support miners, and then eventually bitcoin will be able to handle all payments on earth. |
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Spam fills blocks => a "savior" comes along and says the solution is to increase block size to fill blocks with more spam under the pretext of scaling txs => you have both a power grab and more inefficiency to deal with.
is 100x 50cent bets spam? the idea is to have enough TX on the network so that fee's replace block subsidy. i say, let the BMO's blockchain app spam away! If you have ample space (let's say 10mb blocks), why would anyone pay fees to get included? It's not like there's a shortage of space... so the fee would be more like ...a tip at that point. The only way people would pay fees is if miners started declining free or near-zero-fee txs for processing, (or fees were enforced by the protocol or something). But if that happened, you don't get to spam for near-zero cost or zero cost. no people have and always will pay the tiny fee. blocks were never full and everyone paid the fee. there is a supply / demand dynamic at play with or without a block limit. miners gain nothing from including a 0fee TX, it makes there block bigger for no reason, they will do like they do now and make 0fee TX wait at 0conf for a while. |
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