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kurious
Legendary
Offline
Activity: 2590
Merit: 1643
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October 01, 2018, 01:26:36 PM |
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Some excellent and thought-provoking reading, LA / V8.. And hearty congrats on reaching the status that many here on the WO probably reckoned you already had. Keep it up, eh?
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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October 01, 2018, 01:38:59 PM |
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Thanks guys for the congrats and the merits but it's a travesty. Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.
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RealMachasm
Member
Offline
Activity: 187
Merit: 25
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Thanks guys for the congrats and the merits but it's a travesty. Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.
In light of your recent posts and of events that have happened to me in the past, I would advise you to take measures to secure your account on bitcointalk. There is a post https://bitcointalk.org/index.php?topic=497545.0that explains how you can take steps to protect your account (although it didn't do me any good!) Legendary accounts are going for quite an amount these days.
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TopTort777
Legendary
Offline
Activity: 2478
Merit: 1492
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October 01, 2018, 02:10:36 PM |
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this picture is lacking checking cmc or blockfolio every 5min
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Paashaas
Legendary
Offline
Activity: 3575
Merit: 4724
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October 01, 2018, 02:11:38 PM Merited by JayJuanGee (1) |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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October 01, 2018, 02:45:51 PM |
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Never go to New Zealand. On a separate note, Bitcoin price is cooling down in the 4hr chart but I think support will be found just below the $6,500 level. In other words: the sideways trend continues.
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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October 01, 2018, 02:57:43 PM Last edit: October 01, 2018, 03:07:51 PM by Last of the V8s Merited by JayJuanGee (1) |
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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October 01, 2018, 03:03:27 PM |
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Coffee time for Crypto Bugs http://coffee4crypto.com
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Phil_S
Legendary
Online
Activity: 2119
Merit: 1562
We choose to go to the moon
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October 01, 2018, 03:09:14 PM |
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Makes sense to buy a cheap phone just for a trip, with no secret/personal info.
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jbreher
Legendary
Offline
Activity: 3052
Merit: 1665
lose: unfind ... loose: untight
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October 01, 2018, 03:19:22 PM |
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Thanks guys for the congrats and the merits but it's a travesty. Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.
cheers!
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bitserve
Legendary
Online
Activity: 1862
Merit: 1485
Self made HODLER ✓
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October 01, 2018, 03:34:56 PM Merited by vapourminer (1) |
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Never go to New Zealand. On a separate note, Bitcoin price is cooling down in the 4hr chart but I think support will be found just below the $6,500 level. In other words: the sideways trend continues. Never travel without your clean "disposable" electronics (laptop/phone). That way you don't even have to worry much about theft or losing em. In other words, always repurpose your older devices as traveling gear when you do upgrade.
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d_eddie
Legendary
Offline
Activity: 2674
Merit: 3602
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October 01, 2018, 04:17:01 PM |
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Just bought s'moar. Dollar cost averaging on its way, especially on the way down as someone else has drilled into our collective heads I hope my timing is lucky this time around. Not so much for the small advantage of buying slightly cheaper, but as a good start for a year final bull run in bitcoin's best tradition. Every moon climb begins by tackling a hill.
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cAPSLOCK
Legendary
Online
Activity: 3822
Merit: 5272
Note the unconventional cAPITALIZATION!
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October 01, 2018, 04:19:06 PM |
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Segwit and nonsegwit are all "on the blockchain." I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain? I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp... It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.
Yeah... about that.... Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it. People testing the lightning network are seeing 400TPS easily between two nodes. Segwit let that happen. Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ... Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out. But what difference does it make, jbreher, if "on the blockchain" or not, Because 'on the blockchain' means 'on the blockchain'. Because words have meanings. Because the total value accessible* on the pan-global lightning network won't even buy a single house in some markets. *Because that total value really isn't 'accessible' anyhow. We that is the fundamental argument is't it? I mean you ad-hom calling me a loon is not very effective, but that aside, The choice of the Bitcoin camp is to move mass tx *off* chain. And segwit allowed that. The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain. I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain.
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jojo69
Legendary
Offline
Activity: 3346
Merit: 4634
diamond-handed zealot
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October 01, 2018, 05:13:15 PM |
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jeez guys...I don't know what is happening I'm supposed to be an OG bitcoin sophisticate and shit. I'm bored man, I mean, I really appreciate y'alls efforts to entertain and engage, I really do, but man, the rain is coming soon and this sideways is boring as fuck. it might be time
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AlcoHoDL
Legendary
Online
Activity: 2548
Merit: 4741
Addicted to HoDLing!
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October 01, 2018, 05:28:03 PM |
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[...]
The choice of the Bitcoin camp is to move mass tx *off* chain. And segwit allowed that. The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain. I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain.
Exactly! I just can't imagine my daily morning coffee and other petty, insignificant purchases being permanently recorded on-chain, and having to be copied to millions of devices on the network and preserved ad-infinitum... This would soon result in a monstrously large blockchain that contained mostly worthless junk. It just seems so pointless and a great waste of resources. Logic dictates that, as Bitcoin grows and adoption increases, the blockchain should tend to contain mostly transactions of non-trivial value, that are either transfers of non-trivial amounts of value/wealth, or aggregates of smaller transactions coming from one or more off-chain layers, such as the Lightning Network. Such "layered" approaches are already being successfully utilized in several computer science concepts that are being used by you and me everyday. Computer networking is one of them. Regardless of what each of us support, the Bitcoin ecosystem will find its way, and, almost by definition, will move towards the optimal solution to the scaling problem. "Vires in numeris." Nothing to worry about. Just HoDL and enjoy the show.
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 01, 2018, 05:45:03 PM |
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d_eddie
Legendary
Offline
Activity: 2674
Merit: 3602
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October 01, 2018, 06:47:44 PM |
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Investors IPOwned... nothing to see here gents, please move along.
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infofront (OP)
Legendary
Offline
Activity: 2646
Merit: 2842
Shitcoin Minimalist
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October 01, 2018, 06:54:10 PM |
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Segwit and nonsegwit are all "on the blockchain." I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain? I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp... It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.
Yeah... about that.... Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it. People testing the lightning network are seeing 400TPS easily between two nodes. Segwit let that happen. Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ... Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out. But what difference does it make, jbreher, if "on the blockchain" or not, Because 'on the blockchain' means 'on the blockchain'. Because words have meanings. Because the total value accessible* on the pan-global lightning network won't even buy a single house in some markets. *Because that total value really isn't 'accessible' anyhow. We that is the fundamental argument is't it? I mean you ad-hom calling me a loon is not very effective, but that aside, The choice of the Bitcoin camp is to move mass tx *off* chain. And segwit allowed that. The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain. I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain. Lightning, or something extremely similar, would've been possible without segwit.
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