EDIT this reply wound up in its own topic due to some error on my part. sorry for cross post: https://bitcointalk.org/index.php?topic=5264273.msg54864403#msg54864403decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run? No. But nice mischaracterization. At this point, there are plenty of 'normal' computers processing the BSV blockchain. sure, now. im talking years out (if it doesnt die off in the meantime) AFAIC, as long as there are no exclusionary barriers for new entrants to participate, then non-mining validation is exactly as decentralized as it need be. More such 'decentralization' is a red herring that serves no useful purpose. I realize this is a controversial perspective, but it is the one I hold.
just the money constraint. perhaps youre so loaded that 100+ grand for a datacenter and update cycle that will be needed eventually is a barely noticeable expense for the convenience and security. so say 50 grand for a casual setup that maybe that would last a couple years? so whats the upper limit for "just verifying" my transactions? The alternative is to dumb down the entire system to 3 to 7 transactions per second. The notion of such a system working as world money is so ludicrous that it beggars the imagination that anyone would so think.
i agree here. work is needed. it is being done. i may not agree with some of it but stuff is happening regardless. |
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huh this post was meant to be a reply to a post in the WO thread, unsure how it got here as a new topic (user error im sure).
but since its here..
one thing ive done in case of miners bombing the difficulty (or vice versa) and the occasional mempool problems is park a bit of coin on exchanges (yes not your keys etc) but at least its there to sell on a moments notice. yeah it can be confiscated, stolen by aliens, all that.
but until there is a fast way to get a tx on chain to somewhere, even if an exorbitant fee is needed (which im actually OK with), it wont work the way i need it to when the mempool is full and im in an emergency situation. i can pull cash from a bank in an instant more or less. try to pull btc out in a cold wallet for whatever in a hurry during peak fomo.
please note im not a big blocker as that has issues of its own. but hopefully the folks with the bulging brains will come up with something.
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decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run? No. But nice mischaracterization. At this point, there are plenty of 'normal' computers processing the BSV blockchain. sure, now. im talking years out (if it doesnt die off in the meantime) AFAIC, as long as there are no exclusionary barriers for new entrants to participate, then non-mining validation is exactly as decentralized as it need be. More such 'decentralization' is a red herring that serves no useful purpose. I realize this is a controversial perspective, but it is the one I hold.
just the money constraint. perhaps youre so loaded that 100+ grand for a datacenter and update cycle that will be needed eventually is a barely noticeable expense for the convenience and security. so say 50 grand for a casual setup that maybe that would last a couple years? so whats the upper limit for "just verifying" my transactions? The alternative is to dumb down the entire system to 3 to 7 transactions per second. The notion of such a system working as world money is so ludicrous that it beggars the imagination that anyone would so think.
i agree here. work is needed. it is being done. i may not agree with some of it but stuff is happening regardless. |
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decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run? No. But nice mischaracterization. At this point, there are plenty of 'normal' computers processing the BSV blockchain. sure, now. im talking years out (if it doesnt die off in the meantime) AFAIC, as long as there are no exclusionary barriers for new entrants to participate, then non-mining validation is exactly as decentralized as it need be. More such 'decentralization' is a red herring that serves no useful purpose. I realize this is a controversial perspective, but it is the one I hold.
just the money constraint at some point as it will ever cost more as time marches on. perhaps youre so flush that 100+ grand for a datacenter and update cycle that will be needed eventually is a barely noticeable expense to you for the convenience and security. so say, for the average mook a 50 grand minimal setup (not now im talking later if this ttakes off and actually stores useful data) for a casual setup that maybe that would last a couple years? so whats the upper limit for "just verifying" my transactions? The alternative is to dumb down the entire system to 3 to 7 transactions per second. The notion of such a system working as world money is so ludicrous that it beggars the imagination that anyone would so think.
i agree here. work is needed. it is being done. i may not agree with some of it but stuff is happening regardless. |
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oops methinks i may of stepped in something
lol. I got into bitcoin early, spent too early, and now I am set for major expenses but hurting for daily funds. :/ I spent a decade here trying to educate people about bitcoin, and the danger of scammers; I didn't use this forum to make money. Would you consider writing some different questions for me? well you just answered the two questions i was going to ask  |
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I received your questions, but they don't make much sense for my history here. Are you aware of my history on this forum?
wait. wouldnt it make it more interesting and thus more worthy of an interview? oops methinks i may of stepped in something |
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So awesome. But they forgot Idiocracy. i think idiocracy is the big grey(ish) box everything else is in. |
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I wonder which will be the first US bank to get hacked and their Crypto stolen?  the fed? heh |
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[bsv]
This is the coherent argument: Simply Bitcoin. Unhindered by some stupid insane production quota upon transaction capacity.
None more need be said.
surely satoshi would have had to put some constraints on block size at some point, even if it was just to accommodate the then current technology. after all he was refining it till he left. and no dont ask me for ideas if that was anyones intention.. me brains been running on fumes for a long time. |
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Well, it's not so much that the majority of fully-validating non-mining clients are run by economically useless riffraff, it is more the fact that the network is dumbed down to the point that economically useless riffraff govern the capacity of the system.
all i want is a node i can run purely to validate my own transaction and check my balances. not a 24/7 node, just for my own use. i would rather do that on my own equipment, say prosumer class (is that still a word - high power personal computers HEDT and ECC maybe but beefed to the max) and/or a decent server or two (failover) and enough raid for the blockchain. i can live with that. i mean rpis are out as well as most regular desktops. but yeah ya gotta pay to play, but bsv seems to want much much more. |
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edit: upon rereading, it would seem that I was castigating vapourminer as being penniless. Nay, that was meant to be directed at vapourminer's accusers.
no worries either way; ive been penniless. good for character building IMO. thankfully bitcoin has changed that considerably, among my other endeavor of course funny the hate on coinbase. yeah i get they have been and are problematic in many ways due to the rules. but never a problem here. to each his/her own. |
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YOU claimed that both coins are equally decentralized, i asked for you to back it up, and you're asking me to define decentralization?
decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run? |
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Bump is nice! Meantime I saw this and just fell over laughing. I simply do not think this well....  i think they pioneered that in china (Hong Kong?) somewhere else anyway. hockey sticks to slap back tear gas canisters were another "return to sender" item pressed into service. |
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Holy shit whats behind these no volume pumps?
aliens |
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thanks for the links, gemini has changed since last i tried maybe 4 years ago. |
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ok guess i need to forecast some numbers
up to 14k and down to 10k by november.
and if not i will..... er.. continue to shitpost.
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can Chromebooks run ubuntu? never had one but they are very low power iirc. might be worth looking for one.
might be a bit more powerful that a pie, plus fully self contained.
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im probably a bit more forgiving when it comes to meriting noobs.
i would rather err on the side of generosity than being overly critical of it being a near perfect post. if some who dont deserve it get it, well thats on me.
so, if its anywhere near interesting to me it gets one.
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I get all that, but this is not an argument of exchange vs. no exchange, even when you decide to use an exchange, you do have other options. Why not use exchange (with all the same issues/risks as above) but doesn't have a history of trying to fuck BTC any chance they get? Kraken/Gemini have all the same issues but don't seem to actively go out of their way to screw with BTC
[re:coinbase] i was/am planning on opening a gemini account but last i went to join they wanted my login to my bank. no thanks, coinbase does the two random transaction and you just confirm them. did that like 7 years ago and been there ever since. yeah they are getting draconian. but its solely an on/off ramp for me. i dont send/receive coins to <wherever> from coinbase (ie i dont use it as a wallet). i xfer out when i buy, xfer in when i want to sell. doesnt mean they cant freeze it if they dont like where they came from. i have signed messages for some coins - mining payout addys mainly - if needed (never needed to show that though), and coinbase supplied the others. and i do keep a bit there for trading. such as it is lately. but youre absolutely right, coinbase is going downhill as far as snooping/chainanalysis/tracking and such. government must be loving it. |
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