jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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I believe Satoshi died with Dave and Hal.
Dave? Hal? WTF!?
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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DaRude
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Activity: 2750
Merit: 1747
In order to dump coins one must have coins
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July 16, 2018, 05:53:41 PM |
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Looking forward to some quality Schnorr FUD from Jbear and crew.
I don't know why you'd think that. I don't believe I have previously espoused an opinion on Schnorr sigs. You basically said Schnorr signatures would do nothing to alleviate the scaling issue. That would qualify as an opinion. Hmm. I guess you know more about my past postings than do I. Link? Schnorr can obviously reduce the size of txs that have multiple elements. I wouldn't say that is 'nothing'. If this be shown to be a reversal of a previously held opinion, then so be it. Of course, my final opinion would be driven by an analysis of not merely the benefits of Schnorr, but also its costs. edit: Oh - I see you've added the link. Thank you. I shall quote: Currently it would take over 30 years to send each person on earth a single Bitcoin transaction. Think about that.
Lightning does nothing to alleviate that. Segwit does nothing to alleviate that. Schnorr sigs does nothing to alleviate that. True enough. If you wish to send every person on earth a single Bitcoin tx (e.g., perhaps to open an LN channel), it will take on the order of three decades. And Schnorr indeed does nothing to alleviate that. It is a true statement, and it is not identical to "Schnorr signatures would do nothing to alleviate the scaling issue". Your assertion is shown to be false. And if that each person wanted to make just 32 transactions to different people bcash would need 30yrs to process that. Think about that!
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Arching_wild
Member
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Activity: 252
Merit: 12
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July 16, 2018, 05:55:07 PM |
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starmman
Legendary
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Activity: 1484
Merit: 1029
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July 16, 2018, 05:56:05 PM |
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Thanks for sharing - was wondering where the increase came from =)
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bitcoinPsycho
Legendary
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Activity: 2422
Merit: 1996
$120000 in 2024 Confirmed
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July 16, 2018, 06:08:01 PM |
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BTC to $7000 in 2 days please Just another $500 to go make that $330. C'mon bitcoin
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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July 16, 2018, 06:16:41 PM |
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And if that each person wanted to make just 32 transactions to different people bcash would need 30yrs to process that. Think about that!
I have thought about that. Today, that is indeed the case. Or even maybe longer - as 32MB is the currently supported max, which is subject to miners' decisions to create blocks smaller than max. Which is, of course, why there has been discussion within the BCH development community -- for as long as there has been a BCH -- on other orthogonal approaches to scaling. So while true today, it will be false for some value of 'tomorrow'. In the meantime, BCH is not suiciding itself for the sake of some illusory benefit of 'decentralization' along some axis that is entirely irrelevant.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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July 16, 2018, 06:21:54 PM |
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Why did the blonde schnorrt sweet n' low? She thought it was diet coke.
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Biodom
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Activity: 3696
Merit: 3782
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July 16, 2018, 06:27:47 PM |
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yesterday's rant =>today's gain however, i am not falling into post hoc, ergo propter hoc fallacy No, siree .
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Phil_S
Legendary
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Activity: 2087
Merit: 1456
We choose to go to the moon
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July 16, 2018, 07:02:12 PM |
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Price dynamic seems different today.
It's no longer sideways->jump->sideways.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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July 16, 2018, 07:03:57 PM |
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That Jeff Bezos. He's not schnorrt of a bob or two.
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jojo69
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Activity: 3122
Merit: 4271
diamond-handed zealot
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July 16, 2018, 07:05:20 PM |
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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July 16, 2018, 07:10:07 PM |
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This is not good. Triple top is in.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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July 16, 2018, 07:12:09 PM |
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Searing
Copper Member
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Activity: 2898
Merit: 1459
Clueless!
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July 16, 2018, 07:15:55 PM |
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The price of BTC is creeping up IMHO on the off chance that the SEC will approve the 'top heavy for the rich' ETF next month https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again be cautious brad
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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July 16, 2018, 07:27:40 PM |
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We have another year of this guys. Just stay level otherwise you will wear yourselves out.
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Rosewater Foundation
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July 16, 2018, 07:28:54 PM |
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I believe Satoshi died with Dave and Hal.
Dave? Hal? WTF!? spooky.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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July 16, 2018, 07:35:54 PM |
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We have another year of this guys. Just stay level otherwise you will wear yourselves out.
So you're saying 4% gainz per day for a year will wear us out? Sure. xclnt point
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gembitz
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July 16, 2018, 07:36:29 PM |
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stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<<
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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July 16, 2018, 07:41:50 PM |
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We have another year of this guys. Just stay level otherwise you will wear yourselves out.
So you're saying 4% gainz per day for a year will wear us out? Sure. xclnt point Well that would be $10.8 billion per bitcoin which would be nice.
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