Bitcoin Forum
May 02, 2024, 10:02:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Are you pissed off with Blockstream?
yes - 3 (42.9%)
no - 4 (57.1%)
Total Voters: 7

Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: You Mad Bro?  (Read 3293 times)
Lauda
Legendary
*
Offline Offline

Activity: 2674
Merit: 2965


Terminated.


View Profile WWW
February 20, 2016, 10:58:44 AM
 #81

already customers are discovering they like hamburgers as well ( ETH )
You mean the pump and dump scheme? The "Bitcoin 2.0 marketing fraud"? Anyone reasonable would stay away from such (aside from profiting to get more Bitcoins of course).

I guess a lot of newbies must be using inferior services and wallets. That needs to change.
Either:
1) People are using inferior services and wallets.
2) People don't know how to use Bitcoin (fee wise).
In either case, you can't blame Bitcoin if your transactions take longer to confirm.

Shit i have to pay 1000 satoshi more for my transactions.
Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
System is collapsing? Run around and panic?  Cheesy

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
1714687323
Hero Member
*
Offline Offline

Posts: 1714687323

View Profile Personal Message (Offline)

Ignore
1714687323
Reply with quote  #2

1714687323
Report to moderator
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714687323
Hero Member
*
Offline Offline

Posts: 1714687323

View Profile Personal Message (Offline)

Ignore
1714687323
Reply with quote  #2

1714687323
Report to moderator
1714687323
Hero Member
*
Offline Offline

Posts: 1714687323

View Profile Personal Message (Offline)

Ignore
1714687323
Reply with quote  #2

1714687323
Report to moderator
1714687323
Hero Member
*
Offline Offline

Posts: 1714687323

View Profile Personal Message (Offline)

Ignore
1714687323
Reply with quote  #2

1714687323
Report to moderator
adamstgBit (OP)
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
February 20, 2016, 11:08:46 AM
 #82

already customers are discovering they like hamburgers as well ( ETH )
You mean the pump and dump scheme? The "Bitcoin 2.0 marketing fraud"? Anyone reasonable would stay away from such (aside from profiting to get more Bitcoins of course).


most promising alt of all time
Bitcoin 2.0 marketing fraud


if i only produce 1 pizza a day i can sell it for 10,000$ because 1000 poeple want 1 pizza / day
if i only produce 1 MB of block space every 10 mins fees will rise, and the backlog will go away.


what's the dif?

Jet Cash
Legendary
*
Offline Offline

Activity: 2702
Merit: 2456


https://JetCash.com


View Profile WWW
February 20, 2016, 11:21:54 AM
 #83

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
adamstgBit (OP)
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
February 20, 2016, 11:26:15 AM
Last edit: February 20, 2016, 11:38:09 AM by adamstgBit
 #84

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.

why not?

Jet Cash
Legendary
*
Offline Offline

Activity: 2702
Merit: 2456


https://JetCash.com


View Profile WWW
February 20, 2016, 11:29:07 AM
 #85

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.

why not?

Well I guess you could start a dating service, and encourage people to share the double pizza. Smiley

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
adamstgBit (OP)
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
February 20, 2016, 11:38:27 AM
 #86

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.

why not?

Well I guess you could start a dating service, and encourage people to share the double pizza. Smiley

omfg that sounds like LN  Cheesy


why not cap the number of pizza you produce so you can really jack up the price! $_$

adamstgBit (OP)
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
February 20, 2016, 12:18:22 PM
 #87

IT'S OVER

WE HAVE REACHED CONSENSUS !!!!!!!!!!!

https://twitter.com/cnLedger

this is coming from some meeting in China regarding trying to reach consensus.

adamstgBit (OP)
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
February 20, 2016, 12:19:33 PM
 #88


btcltccoins
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
February 26, 2016, 06:08:06 AM
 #89

why he is mad? if he used bitcoin with sense then its impossible he became mad.
michnelli6
Sr. Member
****
Offline Offline

Activity: 365
Merit: 250



View Profile
February 26, 2016, 12:34:40 PM
 #90

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
The best thing in this scenario is that you increase the pizza price and so 500 customers will go away automatically seeing the price increase. And when you sell them to 500 people, you will get the profit of 1000 people buying pizza, because you have increase the price and profits per pizza. Hopes this helps.
RussianRaibow
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500

I AM A SCAMMER


View Profile WWW
February 26, 2016, 01:05:08 PM
 #91

The most frustrating thing about the whole debate is the censorship.  At least let people talk about it.

I AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMERI AM A SCAMMER
bargainbin
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile
February 26, 2016, 01:22:42 PM
Last edit: February 26, 2016, 01:58:31 PM by bargainbin
 #92

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.

Not quite. In Adam's analogy, 1 pizza = 1 tx. By doubling the blocksize limit, you're not making bigger pizzas (tx sizes don't change).
What's happening is loosely this:
Right now, a pizza delivery guy leaves the pizza shop roughly every 9 minutes. Today, his car can fit 500 delivery orders; after the block size increase, 1000.

P.S. re. "spam transactions":
The pizza shop get all sorts of orders called in -- some people just order a Coke, because too lazy to hit the bodega themselves. Smallblockers will have you think that the best way to deal with this is by keeping the Isetta delivery car, so no more than 500 orders will need to be delivered every 9 minutes.

This is stupid: just like the pizza shop, the miners can (and do) reject any order they don't feel like dealing with. They may choose to deliver Cokes to build up clientele, or charge $20 to deliver a Coke to your door.
Keeping a small delivery car simply means your pizza business can't grow Sad
18xk5oT2rLrAc24SL96XT14BX
Newbie
*
Offline Offline

Activity: 48
Merit: 0


View Profile
May 06, 2016, 06:51:25 PM
 #93

We should develop advanced AI and put it in charge of bitcoin development? Because we as Humans could never achieve total bias and emotion less judgement.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!