yefi
Legendary
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Activity: 2842
Merit: 1511
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July 16, 2018, 05:46:20 PM |
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Looking good Bitcoin, looking good
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bitserve
Legendary
Online
Activity: 1862
Merit: 1530
Self made HODLER ✓
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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. After re-reading your post I stand corrected on my interpretation and agree you were referring to a very extreme theoretical scenario where all the block space is used exclusively for opening channels for every person on earth. I am glad to hear you agree that Schnorr signatures could have some impact on scaling improvement depending on circumstances.
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jbreher
Legendary
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Activity: 3052
Merit: 1665
lose: unfind ... loose: untight
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I believe Satoshi died with Dave and Hal.
Dave? Hal? WTF!?
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DaRude
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Activity: 2905
Merit: 1919
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
Online
Activity: 2660
Merit: 2450
$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: 3052
Merit: 1665
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
Legendary
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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
Legendary
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Activity: 3934
Merit: 4459
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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
Online
Activity: 2121
Merit: 1567
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: 3346
Merit: 4636
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: 2386
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: 1465
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
Offline
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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