What we need are instant transactions (no RBF) and miners who mine terabyte blocks.
Billions of transactions per block. Transaction script where you can store any kind of data.
Who is this "
we" you're referring to? That sounds like that's something
you need because you can't get it. You can't get it because such a network would never garner sufficient usage or network effects in order to
fill gigabyte blocks (let alone terabyte ones). You simply don't understand the incentives required to secure the chain. You can't build an economy with empty promises. I've seen so many clueless rejects like you over the years who think they know how to make Bitcoin "better" with your banal ideology that doesn't hold up to scrutiny. Unless you're just one of the old rejects back again with a new username and the same tired old lines, of course. But keep trying (and failing). You're never going to make any progress here.
Two things will make BTC fail.
Its bad implementation including the fact that its useless.
Another reason which will make btc even more worse in the eyes of everyone:
The revealing of the truth that 70% of btc's price is fake and pumped up by tether with fake money which will cause the btc price to fall by over 95%.
Uh huh. Cool story bro. Tether is unquestionably a time bomb, but there is no damage it can do to Bitcoin as a network or a protocol. The people who are going to get hurt there are mostly the ones holding Tether. I honestly don't care if there's some short term turmoil with price. Bitcoin's price isn't what's important. If you think it is, you're only highlighting your ignorance further. The important aspects are all the ones your fantasy "terabyte blocks coin" would never be able to achieve, assuming:
a) anyone was actually stupid enough to try to create it and
b) it actually managed to fill those blocks. Obviously it would never fill them because the only users would be misguided fools like you.
But now that you've revealed your true agenda, perhaps consider dropping the flimsy pretence and acting like this is anything to do with mixers. Your purpose here is obvious. Disinformation and propaganda is your game. You're about as subtle and nuanced as faketoshi himself. I see right through you.
To spell it out for everyone else reading this, the intended target here isn't mixers, the attack being attempted here is very much on Bitcoin as a whole. If everyone could stop playing along and fuelling this troll's ambitions, that would be just swell. //EDIT: Brash colouring added so people notice.
I started talking about mixers. You started talking about some of my other posts and referring to my quotes like bitcoin is not bitcoin anymore. So you started the whole thing. You don't have to red flag your lies saying I'm the one who wants to use this post to spread information regarding other topics.
There are already fiber cables out there doing terabytes. When your investing millions of dollars in a mining operation you also want the best and fastest fiber cables that exists right now in the world.
Mining will be the most competitive industry in the world. Every miner wants to be best and to be the best you need to have the best equipment. A miner also has to get better. If he stops doing so he will fail, cant compete with other miners and he loses hes million dollar investment. Home nodes do nothing they are worthless. Your only a node when you mined successfully a block in the 2016 block period.
Miners always need to get better. Better and more mining devices, infrastructure, better security, better ddos protection, better and faster fiber cables.
Miners can't hide. They have a physical location which is know to everyone. Everyone knows who they are and where they are. When they try to cheat they get rejected and lose millions. And with future laws all their assets are seized and they lose everything. No real business men does or wants that.
When you want to start in industries like oil, airline, huge construction or energy you can't start with a 10k loan from your parents.
You need a hundreds of millions of dollars. Otherwise you can leave.
The same will be with the mining industry in the future. In most part the mining industry is like that already right now.
So mining terabyte blocks is possible. You have to give the miner the opportunity to mine a block big as he wants. If its so big that other miners can't handle it its their problem and they can leave. They have to get better or they can get out of businesses. Again they don't do or want that so they also get better.
A digital currency using pow is secured by economics and not by just cryptography and some holy grail and fake illusions like why all are flying around with cryptography in a digital cyber tunnel and nobody can stop us.
You can be esoteric as a human but you can't be esoteric with technology.
And with "we" I mean every human on this planet. The technology is revolutionary.
With "we" I mean everyone. Me, you, rich, poor and everyone else. Just everyone.
We need a digital peer-to-peer cash system which makes everyone's life better.
Billions of transactions per block. Try that with a 1MB + segwit block.
Not something like btc which you can use for nothing and just enriches some billionaires and speculators.
With btc you couldn't even handle a city with about 50k citizens.
When you do it right you can change the whole world.
