Fees are not fixed, you just made all that up.

Minimum fees are less than half of $0.01. On Lightning, they're 10,000 times less than that.



It isn't pitched as a viable transaction system for the masses, it's pitched as a viable transaction system for people who don't want their money to be controlled or inflated. Banking system can't compete with Bitcoin version 0.1.0 when it comes to control and inflation, let alone today's Bitcoin

1. Backup the wallet

2. Uninstall the anti-virus software


Anti-virus is a scam really. Either your OS is secure, or it's not. Anti-virus makes no difference to computer security.

no it doesn't, the difficulty adjustments keep the supply increases regular. That's like bitcoin basics fact no. 2 or thereabouts



Bitcoin's had supply inflation since the first block, and will continue to inflate it's supply until the last block

Another point:

OP sounds like "don't use Bech32 when bitcoin is congested"


That's the opposite of the truth. Blocks can be made bigger if it contains segwit transactions, and bech32 is the most space-efficient segwit address type. Bigger blocks will relieve the congestion.

: \

Blocks are a little slow today, that's all it is.



You don't know what your're talking about, Bech32 transactions are on the same network as all other Bitcoin transactions



No, that's wrong. If the network was congested (and right now it's not), bech32 transactions will confirm the same speed as any other transaction.

If you pay sufficient fees, it's fast. If you don't pay sufficient fees, it's slow. It's really really simple.

Oh no, libertarianism is being connected with right-wing extremism whether it makes any sense or not. Opponents of libertarian ideals are the suspects here, and that makes widely feted pro-ponents of libertariansm suspects too (Ron Paul etc).

Why do people who publicly identify as libertarian so consistently endorse racism or corporatism, when both those are incompatible with libertarian principles? Why indeed.

---

Here's the problem with these ideological arguments: Bitcoin is both collectivist and individualist simultaneously, so capitalists can attack Bitcoin for being socialist, and socialists can attack Bitcoin for being capitalist. They cancel each other out.

Bitcoin is:

Socialist: running the Bitcoin software enforces rules equally amongst the participants to everybody's benefit, very much a socialist concept
Capitalist: the equal enforcement of the rules enables individual rights, the right to spend your own money how and when you like

Which is great, because it proves you don't need corrupt politicians and/or institutions to administrate a transparently fair money system

Lighting Loop announced today: https://blog.lightning.engineering/posts/2019/03/20/loop.html


So Lightning Labs are operating a new service that does everything their lightning client (called "lnd") should be doing, and they intend to begin to charge businesses a fee to do this!



I get why: businesses don't even need their own lightning node to do this.

But the Loop servers will be a central point of failure, so any kind of attack against those servers will undo any adoption Loop could stimulate, and harm Lightning's reputation in the process.


If Lightning Loop is such a good technology, and Lightning Labs are a competitive provider of services using that tech, then they can open source the server code so that others can set up Loop servers and compete openly. But they've chosen monopoly status as a provider of Loop, and all the negatives that brings with it.

Lightning Labs do not want an open competition, and any adoption of Loop will create a significant point of failure for the Lightning network. Lightning Labs are shooting themselves in the foot doing it this way.

That made sense as a prudent statement in 2008 (when Satoshi said it), I'm not convinced it makes sense now. The tech has demonstrated how resilient it is, and how attractive that is. It's one big positive feedback loop, and it's difficult to see how that can be disrupted now.
 


No need. Bitcoin is objectively storing value, being exchanged in trade, and used as a unit of account today.

It's unstable in all those respects. All currencies are unstable in all those respects.

• Bitcoin is less stable, but increasing in value; fiat currencies are more stable, but decreasing in value
• Trade involving Bitcoin is increasing; trade involving fiat is declining (or at best static)
• The number of people using Bitcoin to account for their wealth is increasing; price inflation in fiat denominated goods/services/assets implies that using fiat to account for wealth is in decline

It's difficult to see how Bitcoin's momentum can be stopped. The design was very carefully conceived precisely to make it difficult to stop, and attractive to users.

Very small initially would be best....



I think you should use the post fees to encourage community determined quality (i.e. try to foster the type of people you want there at the start, then structure a fee schedule so that positive and negative feedback loops drive behaviour)

Some possibilities:

1. Consider making the fees a bond; people recieve some or all of their money back after some condition/s has been met (you can do this pragrammatically using bitcoin script IIRC)
     a. Users could maybe receive back bonded payments to the forum according to how much they receive in tips from others
     b. An "Account opening bond" could be set high to disincentive ban evasion, which is lost when a user is banned
     c. Set a minimum "Account open" bond, but make it possible, and publicly provable, to submit a bond higher than the minimum
  
2. Tier payments based on forum status
3. Make a status level beyond which high status users receive some proportion of the fees paid by low status users. Persistent bad actors would end up paying good actors so that they can behave badly
4. Make it reasonably easy to understand the system

Above all, moderators need to be knowledgable & fair. People won't join if they don't trust the management.



Neither, those names are appropriate for this custom forum software you are developing, not for an instance of a site using that tech.

I would suggest adding to your mission statement, as Lightning tech itself will eventually become too niche and esoteric as it becomes increasingly extensive, and as that enxtense is abstracted away from lightning users. Doing something that sets the pace against other bitcoin forums would have more longevity and wider appeal.

 

False

1. Currencies with inflating supply do not stay stable. Name one, you'll be wrong (again)
2. Bitcoin's supply inflates

1. in Bitcoin Core, go into Settings > Options

2. change the 'Size of database cache' box
        a. if you have 4GB RAM, put 2000
        b. if have 8GB RAM, put 4000
        c. if you have more than 8GB RAM, put 6000

3. click OK, shut Bitcoin Core

4. start Bitcoin Core again


Should go faster after that

all wallet software creates multiple addresses for you. using the same address twice is a bad idea, for various reasons

 

Already answered that question:

Makes zero sense

Bitcoin is designed to be a capitalist utility. Fascists are corporatist, making them anti-capitalist. This David Golumbia character obviously doesn't even know the basics of what he's talking about

You can arrange the data directories in a way that minimises that

• Set the bitcoind parameter -datadir to your fastest disk, preferably a disk that's not the main OS disk (e.g. a SATA/M.2/PCI SSD based SSD)
• Set the bitcoind parameter -blocksdir to a slower disk with loads of space, again, not your OS disk (i.e. a regular mechanical HDD)

So ideally that involves 1 fast disk for the OS, 1 fast disk for the datadir, and 1 slow disk for the blocks. But it will speed things up noticeably.


Another syncing quickly tip: set the -dbcache parameter to something like dbcache=6000 or dbcache=8000, assuming you have that much RAM to spare

You can set maxuploadtarget=n in either bitcoin.conf or as a desktop menu parameter. That will limit uploaded data to n MB per 24 hours

I've never needed to export keys from Armory, as it works very well.

Check out some other posts in this sub-forum, you're not the first person who is unable to set Armory up, nor the first person who can't wait for Bitcoin to finish syncing

If you wait for Bitcoin to sync, you can just send your BTC from Armory



You could export the keys from Armory. You have to be very careful and patient to do this, as mistakes could cause you to lose your money

Sometimes I type out a question to post, but the act of putting the problem into words leads me to figure out the answer before I even hit send

Minimum version 0.96.5 to use --satoshi-port IIRC

Like hatshepsut93 said, you can go the pencil and paper route to create the private/public keypairs. And like I said, if you want to use an open chip design, you still have to trust the manufacturer of the chip to produce the design according to the open spec