justusranvier
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August 03, 2015, 07:39:12 PM |
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Bitcoin won't get more expensive, fee-wise, if we bring on many, many more tx's onto the MAINchain that will help spread the costs and provide enough profit for mining to expand and grow. It just goes to show how insane people are to suggest that Bitcoin transaction processing, with its very high fixed cost, should spread that fixed cost over a smaller number of transactions rather than a larger number of transactions. I think any business plan that suggested such a strategy would spontaneously combust out of embarrassment before anyone could read it. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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sickpig
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August 03, 2015, 07:49:48 PM |
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justus, all it seems that awareness of the need to introduce economic incentives for services provided by full nodes are rising among devs community, see this thread on the btc dev mailing list: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/009879.htmllet's see how core devs will react to this idea. |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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sgbett
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August 03, 2015, 08:06:13 PM |
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this can't be good:  I cut my exposure to equities by half today, AAPL was amongst those that got the chop! |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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cypherdoc (OP)
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August 03, 2015, 08:16:56 PM |
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this can't be good: I cut my exposure to equities by half today, AAPL was amongst those that got the chop! So it was you! BTW, your simplicity argument against complex, conceptual only layer 2 solutions was spot on. |
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thezerg
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August 03, 2015, 08:27:45 PM |
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How would this work if you issue (say) one txn per day on average? I mean, wouldn't it take a month or even a year before the SPV client summed up enough use to make it worth committing the txn? Are there risks to having a payment channel or LN connection open for these durations? |
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sgbett
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August 03, 2015, 08:41:48 PM |
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I cut my exposure to equities by half today, AAPL was amongst those that got the chop!
So it was you! BTW, your simplicity argument against complex, conceptual only layer 2 solutions was spot on. That would be some serious whale action to be able to move a market that big  or maybe it was butterfly wings... I thought the simplicity argument was self-evident and shouldn't need anyone to explain it! Somebody gotta try and cut through the crapflood though. I've tried really hard to try and see the opposing POV but I come up short every time, and I think that's because I can't understand the philosophy behind making BTC some elitist tool when it seemed right from the outset that it was anything but. If that makes me part of the "free-shit" army, then so be it. I'm not (yet) so morally bankrupt that I think that my well being can only come at the expense of others. That's what cripplecoin sounds like, thats why I don't want any part of it. |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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cypherdoc (OP)
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August 03, 2015, 08:48:22 PM |
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cypherdoc (OP)
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August 03, 2015, 08:51:01 PM |
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priceless:
[–]WinkleviBitcoinTrust 6 points 23 hours ago
Sure I can imaging it. I just don't feel like supporting those block cock blocking devs.
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brg444
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August 03, 2015, 08:53:26 PM |
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 is this a joke
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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lunarboy
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August 03, 2015, 08:57:26 PM |
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priceless:
[–]WinkleviBitcoinTrust 6 points 23 hours ago
Sure I can imaging it. I just don't feel like supporting those block cock blocking devs.
could be time for a new Zhou Tong remix....... Chemical brothers https://www.youtube.com/watch?v=MaU5qkQJ1e4 |
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cypherdoc (OP)
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August 03, 2015, 09:09:37 PM |
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is this a joke no, you're the joke. |
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Cconvert2G36
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August 03, 2015, 09:17:49 PM |
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is this a joke no, you're the joke. Uh... you do realize this is just some jo dad with a stupid reddit user name, not the Winklevii. |
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sickpig
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August 03, 2015, 09:24:01 PM |
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How would this work if you issue (say) one txn per day on average? I mean, wouldn't it take a month or even a year before the SPV client summed up enough use to make it worth committing the txn? Are there risks to having a payment channel or LN connection open for these durations? I agree that implementation of such payment system has to be carefully crafted. that said I'm not knowledgeable enough to evaluate which solution are better. (1) I just want to say that even at current level of adoption there's enough SPV traffic to support a market based on supply and demand. e.g. 1 txn per day per SVP client, supposedly half a million of active SPV clients would generate: 500000÷(3600×24) ~ 5.7tx/s clearly we are not there since 5 tx/s per second is above the actual network capacity, but it is not so far fetched to estimate at least 500K SPV clients once we gain a wider users base. (1) fwiw I'm following LN mailing list and it seems to me that keeping a channel open even for long period of time is not impossible. |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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cypherdoc (OP)
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August 03, 2015, 09:24:14 PM |
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is this a joke no, you're the joke. Uh... you do realize this is just some jo dad with a stupid reddit user name, not the Winklevii. if so, the jokes on me. evidence? |
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Cconvert2G36
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August 03, 2015, 09:26:45 PM |
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is this a joke no, you're the joke. Uh... you do realize this is just some jo dad with a stupid reddit user name, not the Winklevii. if so, the jokes on me. evidence? [–]WinkleviBitcoinTrust 29 points 1 month ago I saw a headline somewhere else on Reddit when the price dipped below $200 in January. That's what got me interested in BTC, and I have been buying ever since. I could cash out now for a modest gain, but why would I do that when we are going to the moon? |
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cypherdoc (OP)
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August 03, 2015, 09:33:24 PM |
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is this a joke no, you're the joke. Uh... you do realize this is just some jo dad with a stupid reddit user name, not the Winklevii. if so, the jokes on me. evidence? [–]WinkleviBitcoinTrust 29 points 1 month ago I saw a headline somewhere else on Reddit when the price dipped below $200 in January. That's what got me interested in BTC, and I have been buying ever since. I could cash out now for a modest gain, but why would I do that when we are going to the moon? ok, sorry brg444. |
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cypherdoc (OP)
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August 03, 2015, 09:34:16 PM |
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brg444
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August 03, 2015, 09:46:51 PM |
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is this a joke no, you're the joke. Uh... you do realize this is just some jo dad with a stupid reddit user name, not the Winklevii.  |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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conspirosphere.tk
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Bitcoin is antisemitic
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August 03, 2015, 09:51:26 PM |
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and gold will be at $400
maybe paper gold. You'll never get any gold that you can hold nowhere near that price. In fact if BTC goes todamoon again and PM stay depressed I will stack some more phyzz. |
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cypherdoc (OP)
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August 03, 2015, 10:01:09 PM |
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and gold will be at $400
maybe paper gold. You'll never get any gold that you can hold nowhere near that price. In fact if BTC goes todamoon again and PM stay depressed I will stack some more phyzz. still a gold bug? since when can you get a better price at your local bullion dealer than what's priced on comex? |
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