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Whoever mines the block which ends up containing your transaction will get its fee.
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Arriemoller
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Cлaвa Укpaїнi!
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November 09, 2017, 02:52:32 PM |
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vroom
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a Cray can run an endless loop in under 4 hours
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November 09, 2017, 02:57:40 PM Last edit: November 09, 2017, 03:58:24 PM by vroom |
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thanks, so much choo choo. this thread delivers
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Torque
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November 09, 2017, 03:25:46 PM |
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Ms Kaminska writing lovely things about the Honey Badger as usual https://www.ft.com/content/c166aa1e-c303-11e7-a1d2-6786f39ef675And even if all that were possible, none of it changes the fact that if bitcoin’s primary use is for speculation rather than transaction, the energy wastage serves very little constructive social purpose at all. energy wastage is heating my house, my mistresses' houses, the office ... energy from Chinese, Siberian, Canuck dams would be wasted if not used for mining that girl needs a good somethinging Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 11 terrawatt-hours/year (??) CERN Hadron Collider: 1.3 terrawatt-hours/year
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hv_
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Clean Code and Scale
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November 09, 2017, 03:29:13 PM |
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Thx - that's a nice picture to understand that single small users cannot / should not control bitcoin any more.
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Arriemoller
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Cлaвa Укpaїнi!
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November 09, 2017, 03:40:29 PM |
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Ms Kaminska writing lovely things about the Honey Badger as usual https://www.ft.com/content/c166aa1e-c303-11e7-a1d2-6786f39ef675And even if all that were possible, none of it changes the fact that if bitcoin’s primary use is for speculation rather than transaction, the energy wastage serves very little constructive social purpose at all. energy wastage is heating my house, my mistresses' houses, the office ... energy from Chinese, Siberian, Canuck dams would be wasted if not used for mining that girl needs a good somethinging Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 11 terrawatt-hours/year (??) CERN Hadron Collider: 1.3 terrawatt-hours/year Digressing and OT I know, but the light pollution reminded me, in 2019 all electric cars in the EU must make a sound in slow speeds! what an moronic idea. When we finally made cars silent they force us to make them noisy again. And it's a very irritating sound too. A by law forced noise pollution. https://youtu.be/p4cjPk8mqEMEDIT: typos and stuff.
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BitcoinNewsMagazine
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November 09, 2017, 03:44:56 PM |
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keeping up with the garzicks That is remarkable for a wallet. Have to take a look at Samourai.
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Last of the V8s
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Be a bank
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November 09, 2017, 03:47:47 PM |
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Pontus Lindblom Retweeted Blockchainlife @Blockchainlife 12h12 hours ago
Sitcom The Big Bang Theory will dedicate a full episode on #Bitcoin in Season 11 Episode 9: "The Bitcoin Entanglement". Broadcasting November 30th on CBS with an estimated 14.2 million viewers. Bazinga! #BigBangTheory
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cofefeGandalf
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November 09, 2017, 03:48:47 PM |
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Digressing and OT I know, but the light pollution reminded me, in 2019 all electric cars in the EU must make a sound in slow speeds! what an moronic idea. When we finally made cars silent they force us to make them noisy again. And it's a very irritating sound too. A by law forced noise pollution. https://youtu.be/p4cjPk8mqEMEDIT: typos and stuff. Typical EU bullshit. I'm still pissed about them fucking up the vape market. Fucking assholes. Sorry for OT. Will this affect cars bought before 2019?
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chopstick
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November 09, 2017, 03:50:52 PM |
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As someone who bought their first Bitcoin in 2012 for $20,
Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.
It's both amusing and kind of sickening to watch happen.
Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.
However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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November 09, 2017, 03:53:40 PM |
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keeping up with the garzicks That is remarkable for a wallet. Have to take a look at Samourai. would love to know what you make of it tbh have heard mixed reviews
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cofefeGandalf
Member
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Activity: 96
Merit: 14
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November 09, 2017, 03:56:04 PM |
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As someone who bought their first Bitcoin in 2012 for $20,
Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.
It's both amusing and kind of sickening to watch happen.
Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.
However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.
It's not about "1mb forever", it's about not fucking up the network due to forking without consensus and RP. I don't give a crap if the blocksize is 1 MB or 2 MB, just the way it was done.
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Bapt07
Jr. Member
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Activity: 38
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November 09, 2017, 03:56:40 PM |
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Pontus Lindblom Retweeted Blockchainlife @Blockchainlife 12h12 hours ago
Sitcom The Big Bang Theory will dedicate a full episode on #Bitcoin in Season 11 Episode 9: "The Bitcoin Entanglement". Broadcasting November 30th on CBS with an estimated 14.2 million viewers. Bazinga! #BigBangTheory
Awesome ! Plus they will probably adopt our enthusiasm for BTC which may deliver a good message to people
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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November 09, 2017, 03:57:49 PM |
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. Yada yada yada.
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FrozenChaos
Member
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Activity: 88
Merit: 50
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November 09, 2017, 03:59:13 PM |
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As someone who bought their first Bitcoin in 2012 for $20,
Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.
It's both amusing and kind of sickening to watch happen.
Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.
However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.
ETH will never be a number one coin. It's an applications on the blockchain tool and buggy at best.
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willope
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November 09, 2017, 04:00:36 PM |
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As someone who bought their first Bitcoin in 2012 for $20,
Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.
It's both amusing and kind of sickening to watch happen.
Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.
However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.
Remember that BTC already has 4mb capacity(segwit). It's just that companies and wallets sould use it.
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Arriemoller
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Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
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November 09, 2017, 04:03:06 PM |
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Digressing and OT I know, but the light pollution reminded me, in 2019 all electric cars in the EU must make a sound in slow speeds! what an moronic idea. When we finally made cars silent they force us to make them noisy again. And it's a very irritating sound too. A by law forced noise pollution. https://youtu.be/p4cjPk8mqEMEDIT: typos and stuff. Will this affect cars bought before 2019? No, not as far as I know, but manufacturers may implement it early, so buy now.
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Arriemoller
Legendary
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Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
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November 09, 2017, 04:08:42 PM |
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Pontus Lindblom Retweeted Blockchainlife @Blockchainlife 12h12 hours ago
Sitcom The Big Bang Theory will dedicate a full episode on #Bitcoin in Season 11 Episode 9: "The Bitcoin Entanglement". Broadcasting November 30th on CBS with an estimated 14.2 million viewers. Bazinga! #BigBangTheory
I've been waiting for a bitcoin episode, it always struck me as strange that those nerds wasn't into bitcoin.
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har23
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November 09, 2017, 04:16:26 PM |
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The price is still to sweet, calm before the storm of dumping ?
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conspirosphere.tk
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Bitcoin is antisemitic
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November 09, 2017, 04:52:01 PM |
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unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.
if you want your goymoney you can have your goymoney.
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