becoin
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Activity: 3431
Merit: 1233
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February 12, 2019, 07:48:09 AM |
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Why would anyone want smaller blocks? Have we forgotten the dark times of $100 fees already?
Fee size doesn't depend on block size. Fee size depends on the will of Chinese mining cartel to spam the blockchain for the purpose of promoting their bcash corporate coin! Now Bitmain & Co is in big trouble and don't have the resources to do what they've done when fee was $100. Lightning is the way to go for everyday bitcoin payments. Blockchain is the settlement layer for those payments. |
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Ibian
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Activity: 2268
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February 12, 2019, 08:11:04 AM |
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Why would anyone want smaller blocks? Have we forgotten the dark times of $100 fees already?
Fee size doesn't depend on block size. Fee size depends on the will of Chinese mining cartel to spam the blockchain for the purpose of promoting their bcash corporate coin! Now Bitmain & Co is in big trouble and don't have the resources to do what they've done when fee was $100. Lightning is the way to go for everyday bitcoin payments. Blockchain is the settlement layer for those payments. It does when the blocks are full. Supply and demand, same as anything else, none of this is new. |
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Lauda
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Terminated.
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The moment Vinny Lingham backs it, you know it is a scam  It seems there are some big blockers supporting smaller blocks in the hopes of destroying bitcoin. Hahahahahaha Touché. Agreed that Vinny is not exactly a trustworthy or credible character in the bitcoin space based on some of his past behaviors. In other words, whatever Vinny says should be taken with a BIG ass grain of salt. -snip- My pet monkey is smarter than Vinny by quite the margin. For those that actually do understand the tech and the scaling issues (not just in Bitcoin but in general software), then they would understand that Luke actually makes very-good arguments from a technical perspective but he kind-of forgets that Bitcoin is not just tech. Now if everyone understood that the UTXO set size is kind-of only bound by the block size, they would pretty much never advocate for any significant block size increase. A lot needs to change before we could be considered *ready* for a good proposal, although it's possible that we never reach consensus. I had read some previous posts in this thread, and maybe some other threads suggesting that "we" focus on Schnorr signatures, fungibility, privacy and other more important bitcoin development matters, which reminds me of the quote from a famous little girl.
That is already underway, it just isn't ready. |
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P_Shep
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This is not OK.
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February 12, 2019, 08:41:25 AM |
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4 genuine (as in not generate by me) relayed transactions on my Lightning Node yesterday  I have now earned the princely sum of 0.2 satoshis! |
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alevlaslo
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February 12, 2019, 08:46:18 AM |
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why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best
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becoin
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Activity: 3431
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February 12, 2019, 08:58:25 AM |
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why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best
The beauty of bitcoin is that you can build anything that already exists on top of it including Visa like payments. However, there is no point of doing that because Lightning is lightning years ahead of Visa. But it is too complicated for you to understand. Stick to bcash and sink with it! You'll learn from your own experience. |
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Cryptotourist
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February 12, 2019, 09:03:17 AM Merited by LFC_Bitcoin (1) |
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why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best
Actually my dick is the best.  It increases it's block size on demand, and it does not let anything interfere. It's safe and cold sometimes, but only requires one single lightening transaction to leave Visa & fiat rekt. Doesn't need a segregated witness either. Morning WO's. |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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February 12, 2019, 09:10:01 AM
Last edit: February 12, 2019, 09:23:59 AM by LFC_Bitcoin |
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why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best
Useless shill  |
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Cryptotourist
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February 12, 2019, 09:16:15 AM |
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Forgot to mention. THANK BUDDHA WE HAVE BITCOIN. It is the only easy way to accumulate wealth really.
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Wilhelm
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February 12, 2019, 09:21:33 AM |
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Forgot to mention. THANK BUDDHA WE HAVE BITCOIN. It is the only easy way to accumulate wealth really.
Thank Satoshi for Bitcoin .... |
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LFC_Bitcoin
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February 12, 2019, 09:23:00 AM |
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Forgot to mention. THANK BUDDHA WE HAVE BITCOIN. It is the only easy way to accumulate wealth really.
Effectively agree. Buy coins & HODL for a number of years sitting on your ass. Check price in 3-4 years = guaranteed significant profits. That’s what we’ve seen with bitcoin so far any way. I guess average joe hasn’t got the balls to see his investment (at times) drop in price significantly. It’s always OK in the end though. Patience & a good, strong pair of testicles are required at times. |
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Cryptotourist
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February 12, 2019, 09:38:30 AM |
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Thank Satoshi for Bitcoin ....
Of course, but he did have an epiphany.  Effectively agree. Buy coins & HODL for a number of years sitting on your ass. Check price in 3-4 years = guaranteed significant profits. That’s what we’ve seen with bitcoin so far any way.
You also need to fill in the data required into the most powerful (arguably) processing unit known to man. Man. Personally, BTC selling points are kinda fixed - somewhere in the far future. I guess average joe hasn’t got the balls to see his investment (at times) drop in price significantly. It’s always OK in the end though. Patience & a good, strong pair of testicles are required at times.
Cohones. Love the sound of that word. |
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mindrust
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February 12, 2019, 09:54:02 AM
Last edit: June 13, 2019, 08:12:41 PM by mindrust Merited by LFC_Bitcoin (2), infofront (1) |
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This is how I accumulated my btc since last year. #Never Surrender Meanwhile...  |
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LFC_Bitcoin
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February 12, 2019, 09:58:20 AM |
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 This is how I accumulate my btc since last year. #Never Surrender I have my own personal target too, I’m not going to reveal it but it’s good to have goals. I get caught in two mind - 1.) Wanting the price to soar so we’re all richer 2.) Wanting more sideways for another 3-6 months to load up I suppose it’s a WIN either way. |
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StartupAnalyst
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Crypto Casino & Sportsbook
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February 12, 2019, 10:27:30 AM |
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why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best
BCH is best, we have Roger Ver who bought Bitcoin.com with the sole purpose of trying to trick new users into using our better coin. We also have Jihan Wu who has put backdoors into every antminer. Bitcoincash also has Craig Faketoshi Wright, the man who can't prove he's Satoshi and uses this fake title to try and intimidate others. Sure he has had some fake lawsuits using high amount public keys to try and have bolster claims he has tons of coins and power (unfortunately he didn't do the research and they we're gox public keys) but he's more of a run and gun figure the details out kind of guy. (See broken BSV) Seriously though Bitcoincash is fucking stupid, a money and power grab that thankfully failed. These guys are just all fools, enjoy 1GB BSV blocks and empty bch blocks.  |
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wachtwoord
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February 12, 2019, 10:46:17 AM |
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He is right. We've Lightning now and 300kb blocks is something more than logical!
Please tell me you are joking; it's so hard to detect sarcasm  In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ? No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption! I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive). Never sacrifice security for something pitiful like "low fees". Huh? Segwit is not going to be undone. You have to get consensus to undo segwit, and recall segwit passed by nearly unanimous consent. I doubt that sentiment has changed very much, in terms of undoing segwit. It seems that there remains a vast majority of support for segwit that you would have to overcome if you want to undo it... a simple majority would be inadequate.. bitcoin no work like dat... Lol not undo segwit. But with segwit came an implicit blocksize increase as segwit transactions are discounted. By reducing thel blocksize to 300 kb that effective increase is undone and the previous situation restored. |
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Globb0
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Free spirit
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February 12, 2019, 11:04:54 AM |
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Gonna keep the argument going a few more days to save on presents  hehe Ha brilliant Man down guys! I managed to sleep on the sofa but she broke me this morning. |
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El duderino_
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BTC + Crossfit, living life.
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February 12, 2019, 11:10:09 AM |
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 come LFC stamp that dirty FIAT |
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El duderino_
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BTC + Crossfit, living life.
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February 12, 2019, 11:11:17 AM |
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Gonna keep the argument going a few more days to save on presents hehe Ha brilliant Man down guys! I managed to sleep on the sofa but she broke me this morning. stretch that back and wake up man UP  |
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BitcoinGirl.Club
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Farewell LEO: o_e_l_e_o
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February 12, 2019, 11:11:31 AM |
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Man down guys!
What! May day! May day!! Man down, Man down I repeat Man doan LOL I did not even read anything before. By the way, Good morning brothers. Have a good day for bitcoins price market. I am thinking does it matter at all? I am gonna hodl my coin even if it is over $20K |
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