chriswilmer
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April 06, 2013, 04:01:12 AM |
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Wow, I went into this thread with enormous skepticism and was actually very impressed with OP's argument. Thought provoking!
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spacegoat
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We are connected. you are me I am you.
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April 06, 2013, 04:04:06 AM |
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dude byte coin is not troll coin. TRC is obviously Trollcoin
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yeah baby yeah
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Come-from-Beyond
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April 06, 2013, 05:39:18 AM
Last edit: April 06, 2013, 06:05:33 AM by Come-from-Beyond |
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Bitcoin devs failed to solve the scalability issue. Maybe Bytecoin is not a brilliant solution but it's, at least, a quite good one.
When did this happen? Sure they haven't included pruning yet, but when they do i'm hoping disk seek work is greatly reduced. The up front bottleneck is the ballooning size of the blockchain, and how long it takes to launch the client, and catch up for the first time. I think the true solution is to include a hash of utxo in the block headers....think about it. 1. Satoshi lowered blocksize hard limit from 32 Mb to 1 Mb. 2. Luke-Jr non-stop accusing SatoshiDice ddosing Bitcoin. 3. Bitcoin Foundation released 0.8 version of the classic client with increased blocksize soft limit which led to the recent fork. This doesn't look like a success, does it? |
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Buffer Overflow
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April 06, 2013, 05:48:59 AM |
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I see OP's argument, interesting idea. It's a bit like what Intel and AMD did with there processors. They had trouble with heat problems getting a single core over say 3/4 GHz, so they went wider and added more cores. This multi-threading comes at the cost of addition complexity of course.
Perhaps that's the way Bitcoin needs to head. Get the blockchain wider by using more blockchains, not stuffing more transactions into the same single chain. Maybe the blockchain will eventually spawn a new blockchain automatically when it detects being overloaded; multi-threading itself.
This of course will bring it's own huge design and programming problems. But then again, Bitcoin was never going to be an easy project to begin with.
Shouldn't this thread be moved to the 'Development & Technical Discussion' board?
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BitHits
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April 06, 2013, 07:29:04 AM |
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Free BTC http://beta.BitHits.info BTC 1DNNERMT5MMusfYnCBfcKCBjBKZWBC5Lg2 DGC DH2Pm4VXxsTeqUYZkEySU1c8p5TLvuLe8u LTC LP2QiL1pnsaKVX5Qa811pFJuFL8FxkxWRz
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Anon136 (OP)
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April 06, 2013, 10:04:07 AM |
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Wow, I went into this thread with enormous skepticism and was actually very impressed with OP's argument. Thought provoking!
this is encouraging =) i put quite a bit of money into bitcoin2 so i wish i was as confident about my argument as i sound =P |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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Anon136 (OP)
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April 06, 2013, 10:06:39 AM |
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Shouldn't this thread be moved to the 'Development & Technical Discussion' board?
it probably should but i have a feeling that if i move it john would send it right back over here =P |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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HiveLibrary
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April 06, 2013, 10:31:24 AM |
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Come-from-Beyond
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April 06, 2013, 03:02:53 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". |
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Anon136 (OP)
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April 06, 2013, 03:20:52 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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Come-from-Beyond
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April 06, 2013, 03:28:22 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized. Sorry, but I disagree. |
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Anon136 (OP)
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April 06, 2013, 04:03:26 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized. Sorry, but I disagree. its almost exactly the same. The only things they changed where the proof of work algorythm and the time between blocks. other than that its almost an exact clone. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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Come-from-Beyond
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April 06, 2013, 04:17:33 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized. Sorry, but I disagree. its almost exactly the same. The only things they changed where the proof of work algorythm and the time between blocks. other than that its almost an exact clone. I'm talking not about technical details. |
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Anon136 (OP)
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April 06, 2013, 04:41:10 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized. Sorry, but I disagree. its almost exactly the same. The only things they changed where the proof of work algorythm and the time between blocks. other than that its almost an exact clone. I'm talking not about technical details. oh than what are you talking about? |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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Wekkel
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yes
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April 06, 2013, 06:47:31 PM |
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I have to remember sending some BTE to a faucet.
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aa
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April 06, 2013, 07:22:26 PM
Last edit: August 01, 2014, 05:33:23 PM by aa |
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foggyb
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April 06, 2013, 07:36:59 PM |
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African nations are lucky if they get dial up. It could take weeks if not months for an African to sync up with the bit coin.
That's one reason why I see that bit coin is doom to fail in the long run,which will cause it to be replaced.
Bitcoin will fail because Africa?  Who cares? All the Africans have to offer to the internet, so far, is Nigerian scammers. |
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Come-from-Beyond
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April 06, 2013, 07:56:14 PM |
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It's a long story. Centralization of Litecoin was revealed in drama "BitcoinExpress and Litecoin 51% attack". no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized. Sorry, but I disagree. its almost exactly the same. The only things they changed where the proof of work algorythm and the time between blocks. other than that its almost an exact clone. I'm talking not about technical details. oh than what are you talking about? He's talking about nothing because he was wrong and he has nothing to reply with in terms of actual facts or proof. C'mon. I already answered. Read again my reply regarding BCX and Litecoin 51% attack drama. It's too long story to discuss it again. PS: I understand. U bought a lot of litecoins, they r dumped now, u r upset. It's obvious, baby. |
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aa
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April 06, 2013, 10:14:01 PM
Last edit: August 01, 2014, 05:33:27 PM by aa |
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Buffer Overflow
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April 07, 2013, 05:40:05 AM |
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African nations are lucky if they get dial up. It could take weeks if not months for an African to sync up with the bit coin.
That's one reason why I see that bit coin is doom to fail in the long run,which will cause it to be replaced.
Perhaps you should have a read up on 'thin clients' in the Bitcoin wiki and this might change your mind. |
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