All posts made by hisslyness in Bitcointalk.org's Wall Observer thread
1.
Post 26777506 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.34h):
Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taking iT cannot been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins
LIST MAKING ENDS 25-12-2012 @ 22.00 cet
31st march 2018 - hisslyness
2.
Post 27212343 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.36h):
'Uncapped' is your first mistake. Ripple is capped at its current supply 'Banking scam' got strong conspiracy ish connations to that, but feel free to believe that is the case.
You know what the fun part is? People like me can watch you guys bask in ignorance for months and years to come, and still regurgitate the same false arguments all the way down. This place is and has always been a perfect example for what cultism and group think might lead to, and in that sense, I look forward to the weeks and months to come.
I could swear I have seen the supply increase by billions this year.
Anyway it's good to see that ripple is p2p, decentralized and censorship resistant
Thanks
The supply stands at 100 billion: more cannot be made. But the circulating supply increases, due to Ripple Inc holding on to about 60 billion XRP at this point (which are placed in escrow by the way, and only gets released in small batches). Ripple uses this 'war chest' of XRP to attract new partners, all of which that buy it are restricted it dumping it on the market as well. I do remark on that, as there is some kind of 'idea' - a poor one that is - within this community that Ripple can just nuke the market at once. Anyone that even followed the company longer than a day knows that would run counter to everything it stands for, but since most people here haven't even read more than a tweet about Ripple I will suffice by saying that much.
Ripple is actually quite decentralized nowadays. You can inform yourself here:
https://ripple.com/dev-blog/decentralization-strategy-update/ And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?
Is this 'not' centralized?
The big irony of some of you oldtime Bitcoiners is that you just
cannot see what is unfolding in front of your very eyes, that being that BTC is actually at this point more centralized than XRP. Good luck defending the opposite point of view.
Thats an old image? Slush Pool is not 2.5% of the network....
3.
Post 27212785 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.36h):
Also will be buying my new Canaan Avalon Miner 8 with XRP early next year... Wait, will they take XRP as payment?
4.
Post 27242784 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.36h):
Block #501853
A new one, but the "unknown" miner only sacrifices only the Tx fee this time.
Number Of Transactions = 1
Transaction Fees 0 BTC
https://blockchain.info/block-height/501853Viable attack to use when the blockchain is already backlogged with txs?
Somebody needs to start working on a fix.
Hoping it isn't a viable attack in the long term.
Cant keep sacrificing 12.5 BTC unless there is a bigger end game. But can keep sacrificing fees for keeping the mining fee higher for longer.
Have a bad feeling about this. Mostly the timing. Already a bit too down on price and might end up testing long term support levels .Hope its nothing.
Empty blocks are very common... but what i haven't seen before was the Zero reward...
I have asked the question in the Tech Support board..
https://bitcointalk.org/index.php?topic=2667744.0Basically need to change the BTC wiki to say Max coin generated is 21M - 12.5
5.
Post 28339957 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.39h):
BobLawblaw, did you buy back in?
400+ buy on BitFinex
6.
Post 28340989 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.39h):
Volume is low, we'll go lower.
Yeah, not much momentum. We shall see though.
I am going to sell my BTC holdings. Watch the price Skyrocket now!
I am going to take this one for the team!... You can thank me later!
Here we go!....
EDIT: Price just rose to 10K....
7.
Post 28342827 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.39h):
I am going to sell my BTC holdings. Watch the price Skyrocket now!
I am going to take this one for the team!... You can thank me later!
Here we go!....
EDIT: Price just rose to 10K....
Again.
I am fairly certain I caused the market to move with my sale!!
Like i said, i took this one for the team!.. Also i am taking donations now to build my BTC again!....
8.
Post 28343772 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.39h):
WHO SODL THE BOTTOM ?!???
I had to bob, else it would have keep going down!
9.
Post 28348655 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.39h):
Is the nightmare over yet ?
Nope, looks like we are going sub 10k again
Good, I've still got $2000 that I forgot to spend.
Ok let me try and get this price up again!.. I am going to Sell some more BTC.....
Current Price: 9826.00
10.
Post 28366811 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.39h):
Is the nightmare over yet ?
Nope, looks like we are going sub 10k again
Good, I've still got $2000 that I forgot to spend.
Ok let me try and get this price up again!.. I am going to Sell some more BTC.....
Current Price: 9826.00
you come off as a troll or an idiot or maybe a combination of both.. trying to rile up some additional bearish sentiment....
Good luck to you and your supposed far from believeable position
You're going a little hard on the Beaver, Ward.
The guy took one for the team! He's trying to turn the market around single-handedly and add an air of humour to an otherwise somber sentiment.
I am glad someone seen the funny side...
And for the record, no I never did sell anything, and i didn't buy anything either. However, it did turn around as soon as posted the thread... twice...
11.
Post 28872965 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.40h):
Just like how these agencies rated Sub-Prime Mortgages as AAAAAAAAAAAA++++++++
12.
Post 29314207 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.41h):
Wow bitcoin is under heavy attack from jew media here in Germany. The biggest jew paper "Bild" says it will completely collapse soon and go to zero. Looks like they are really scared of cryptos 👍
I love when they say goes to zero. Then I will by all bitcoins for zero and sell it for 0.00001$ and will be infinetely rich!
No, you will only have 20m *0.00001 = 200 dollars. Definitely not rich
Yeah, I forgot there are only 20 m to be mined
Alright, I will sell them at 1$
You will not get 20M, because i have already got my buy orders for 10M BTC!
13.
Post 29386099 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.41h):
This is bullshit.. i just watched a 1000 BTC buy-wall get sold out in 2 secs?? wtf?
EDIT: at $9300 on bitfinex
14.
Post 29449317 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.41h):
So I have tried to protect my position/investment and also accumulate BTC along the way. Trade in and out of positions...
After weeks of reading other member post, analysing charts and learning TA theories, trying to predict when the bounce will happen.
I came to the conclusion, I know fuck all about what will happen next. Whenever I buy, price goes down even further, when ever I sell, price goes up! WTF am I doing...
Then it just hit me.... Imagine if you were a BTC Whale, why would you buy into the market right now?
How far can they push the price down before the average person finds the price reasonable to join the BTC again?
BobLawblaw, have you bought back in after selling 200+ BTC? I think that is the gauge, until Bob buys back in we should all sit this one out!
15.
Post 29450358 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.41h):
Wow!.. I never thought this would happen... It is 20% cheaper to buy BTC in Australia than BTC/USD!
8000AUD vs 8176USD (BitFinex)
16.
Post 29475326 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.41h):
Bull market = buy the fucking dip
Bear market = sell the fucking bounce
Which one will you go for??
Bull market = buy the fucking dip - LOST $$
Bear market = sell the fucking bounce - LOST
BTCThird Option....
HODL - WIN!!!
17.
Post 29486973 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.41h):
I also support blocking people from buying crypto on credit cards. By definition borrowed money is not what you can afford to lose.
Letting them get in debt 100K for a degree in gender studies is totally sound investment instead.
or Lesbian Dance Theory
18.
Post 29644771 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.42h):
So... sell a bit to take profit next week ?
Next week we could be fighting over the bones. I'd say run now.
I am buying now. The price is right and it won't be for long.
Me too!.. Just loaded up a chunk of BTC... USD/AUD conversion was well under... Have one more stash of $AUD, if the price falls any lower. Hoping I do not have to use it!..
Should have settled for a 2nd hand Lambo in last December!
19.
Post 29657128 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.42h):
I just realise all my Alerts are now set to LESS-THAN a certain price.... Where as last year it was all GREATER-THAN ...
Anyone else has their alerts all set to LESS-THAN?
20.
Post 29659322 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.42h):
How did you earn so many merits with your stupidity? Did you make accounts just to give some to yourself?
I know the feels when your gains are practically reduced to one third, i lost 100 bucks
I can't stop laughing! That was freaking hilarious! I just saved that for future use!
That is the one thing i look forward to here... Absolutely Hilarious Meme!
I wanted to start a thread of just Meme.. no comments... Just Meme...
21.
Post 29663043 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.42h):
Nice!.. Looks like I got 40 pages to go through!
22.
Post 29778697 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.43h):
So, who bought at the bottom?
Me!!... and i think FOMO is about to kick in! I have extra $$$ ready to buy more!... Should i pull the trigger!
23.
Post 29788294 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.43h):
I still will not be inclined to feel any semblance of meaningful relief regarding the bottom is in until prices get back securely above $10k.
Not sure I should be admitting this, but I'm thinking of selling another batch, for tax liabilities, as soon as it recovers back to $10k.
Whatever is left after taxes, is what I live on until the fund starts kicking in next year.
Play it safe, sorta thing. That slide from $14.5k to $11.5k took a year off my life over the stress/timing for retirement funding.
You should have moved to a TAX Friendly country before selling your BTC!
24.
Post 29788724 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.43h):
You should have moved to a TAX Friendly country before selling your BTC!
Fuck you. I'm a proud American.
I'm sure you are mate!
Have you resigned from work yet?
25.
Post 30201143 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.43h):
I'm young and I have some FUD for you. Just when the older generation finally starts accepting it, the underlying encryption will be broken and they wont have any idea what that means. They'll be like 'what are these youngsters jabbering about? bitcoin just got licensed in new york! so what is the ceo and the board of directors doing about this bizzare issue? Did they halt bitcoin yet? These low prices are a steal and you better get in before Goldman Sachs.'
Maybe in a few hundred million years....
26.
Post 30358560 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.44h):
At what price will FOMO kick in?
27.
Post 30358929 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.44h):
At what price will FOMO kick in?
Somewhere close to the last ATH I'd assume, by MSM starting another hype cycle once steam has run for natural climbs.
I really hope there isn't any dumb FOMO $$$ coming in before then! After ATH is broken, let then roll in to take it higher and higher!
28.
Post 30359375 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.44h):
Someone keeps putting this 10K/300BTC wall on BitFenix.... Let it go already...
29.
Post 30359487 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.44h):
Still a fight on Bitfinex for 10k. 300-500 btc walls keep going up and keep being eaten.
It is moved to $10,050.00
30.
Post 30363278 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.44h):
At what price will FOMO kick in?
I thought that was around $8900. Don't tell me I wasn't supposed to panic and buy back then.
I thought he was referring to the mainstream, not people who have already been in Bitcoin and know more or less how to swing.
Yes, I was referring to the "dumb FOMO $$$"... that will help BTC price shoot past ATH...
31.
Post 30948804 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.45h):
Did BitFinex have a flash crash down to $9,505.00?
32.
Post 30958832 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.45h):
The idea of government transparency is a good one but Assange is just a Russian troll.
You should fear the Left though. We are very dangerous. We are here to educate your women, house your homeless and provide free health care to your children. We will also cut government waste, starting with the JSF.
And how are you going to pay for all of that? or are we all meant to do our part and works as one to "educate women, house homeless and provide free health care"?
The left has no concept of reality!.. Constantly living in a bubble of wishful thinking!
33.
Post 30959881 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.45h):
The idea of government transparency is a good one but Assange is just a Russian troll.
You should fear the Left though. We are very dangerous. We are here to educate your women, house your homeless and provide free health care to your children. We will also cut government waste, starting with the JSF.
And how are you going to pay for all of that? or are we all meant to do our part and works as one to "educate women, house homeless and provide free health care"?
The left has no concept of reality!.. Constantly living in a bubble of wishful thinking!
JSF is $US 1.1 trillion program. Cutting that would be a start.
Of course there is nothing so terrifying to a fiscal conservative as cutting corporate welfare.
And i quote...
"It's worth putting that amount in context however; the $1.5 trillion figure is an estimate on the cost to develop the jet ($55B), buy 2457 of them through to 2044 ($320B), and operate them for 8000 flight hours / ~30 years each until the last one is retired in 2070 ($1.1 trillion)"
So that is only $50B a year... or less than $145 per person per year (350M POP)... and you just put a whole bunch of people out of work.... Typically Lefty! No concept of reality!
Where is the rest of the money coming from?
34.
Post 30960404 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.45h):
The idea of government transparency is a good one but Assange is just a Russian troll.
You should fear the Left though. We are very dangerous. We are here to educate your women, house your homeless and provide free health care to your children. We will also cut government waste, starting with the JSF.
And how are you going to pay for all of that? or are we all meant to do our part and works as one to "educate women, house homeless and provide free health care"?
The left has no concept of reality!.. Constantly living in a bubble of wishful thinking!
JSF is $US 1.1 trillion program. Cutting that would be a start.
Of course there is nothing so terrifying to a fiscal conservative as cutting corporate welfare.
And i quote...
"It's worth putting that amount in context however; the $1.5 trillion figure is an estimate on the cost to develop the jet ($55B), buy 2457 of them through to 2044 ($320B), and operate them for 8000 flight hours / ~30 years each until the last one is retired in 2070 ($1.1 trillion)"
So that is only $50B a year... or less than $145 per person per year (350M POP)... and you just put a whole bunch of people out of work.... Typically Lefty! No concept of reality!
Where is the rest of the money coming from?
Trust me the $1.5 trillion will blow out. It’s already blown out about 9 times so far.
We could cut the Zumwalt battle ships that the Navy can’t afford to arm?
https://motherboard.vice.com/en_us/article/ev5e5j/navy-smart-shells-zumwalt-warshipGreat idea!.. In fact lets cut the entire US Defense Budget!... Let China roll on in and create a remote communist outpost... Typically Lefty! No concept of reality!
35.
Post 33811910 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.50h):
Different approaches. I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).
What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?
36.
Post 33812905 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.50h):
Different approaches. I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).
What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?
There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.
Didn't you know that?
Sorry i didn't know that... I was just wondering how much BTC or $$$ some people here are dealing with...
37.
Post 33813693 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.50h):
Different approaches. I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).
I am too scaredy cat for that style...
It’s a recipe for regularly losing small amounts of money with a goal of occasionally earning large amounts. The trick, as always, is guessing when to sell so you can quickly move your stops down. Buying is easy as the market normally takes out my stops.
Always bad timing for me!.. Then FOMO kicks in!..
38.
Post 33818401 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.50h):
I was expecting hoping? for something like this, but what makes you say that 16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk is MtGox coins? Don't see address in his list or you just FUDing?
Edit: Ahh that address has
BTC142k in it so calling FUD on MtGox link
Wow!.. $72,000,000.00 moved, all for $0.30 in fees!...
39.
Post 34209981 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.51h):
very quick short list for a small "game list" or how i have to call it..... only when breaking 12288 dollar price..... almost same rules as the list before just a winning date AND
.15 BTC for correct date
only accounts with minimum 5 Merit and 20 activity (last time to many new pop't up )
LIST CLOSES tuesday 12 CET allways CET time no execptions
just for quick enjoyment
normal tommorrow i look @the dates.... firts one posted has the choosen date , some one with the same date have too take another one so look out a bit....
DATES sended in PERSONAL MESSAGE will NOT count
let us break back 5-digits 12288 = 10000 eu 5-digit for a change
.......
I seem to just miss these fun games!
If you will make an exception and put me on this time.... "08th June 2018"
40.
Post 34218710 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.51h):
very quick short list for a small "game list" or how i have to call it..... only when breaking 12288 dollar price..... almost same rules as the list before just a winning date AND
.15 BTC for correct date
only accounts with minimum 5 Merit and 20 activity (last time to many new pop't up )
LIST CLOSES tuesday 12 CET allways CET time no execptions
just for quick enjoyment
normal tommorrow i look @the dates.... firts one posted has the choosen date , some one with the same date have too take another one so look out a bit....
DATES sended in PERSONAL MESSAGE will NOT count
let us break back 5-digits 12288 = 10000 eu 5-digit for a change
.......
I seem to just miss these fun games!
If you will make an exception and put me on this time.... "08th June 2018"
Send you 2 merit .....
now youre on 5 or not ?
You're the best! Thank you micgoossens!
41.
Post 34244791 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.51h):
Anyone noticed that 7000btc wall on finex at 7000$?
Yuh someone just buy it will they it's annoying af
Cannot wait for the day a 1BTC wall becomes a big deal!
42.
Post 36198078 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.54h):
Anyone had any luck in claiming shit coins?
I was looking after my own BCH and BTG and have just come back to it and feel there must be a service that does all the work for you that has built up some trust already.
What i am after is giving the private keys to someone for a wallet that has had BTC, BCH and BTG removed and then them giving me back all the value in shitcoins back in BTC. (minus a fee obviously)
Anyone have any experience with something like this?
Thanks
Is there a link for all the BTC forks out there?
I just fired up my BCH node, going to change the rest them all over tonight!.. will try and sync all the fork nodes and well... i wonder how much space i will need.
43.
Post 36202237 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.54h):
Anyone had any luck in claiming shit coins?
I was looking after my own BCH and BTG and have just come back to it and feel there must be a service that does all the work for you that has built up some trust already.
What i am after is giving the private keys to someone for a wallet that has had BTC, BCH and BTG removed and then them giving me back all the value in shitcoins back in BTC. (minus a fee obviously)
Anyone have any experience with something like this?
Thanks
Is there a link for all the BTC forks out there?
I just fired up my BCH node, going to change the rest them all over tonight!.. will try and sync all the fork nodes and well... i wonder how much space i will need.
and
https://forkdrop.io/index.htmlShiiiiittt!... I am going to need to get 20 computers going!
44.
Post 39054662 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.57h):
Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin
AHAHAHA
Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold". That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!!
...just kidding, all PoW coins function as Ponzi schemes in practice
because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction.
Sorry had to quote this one. This proves that you're an idiot r0ach, as no miners are going to switch over to a dead coin that no one is buying or transacting with. So you think that zombie coins buy themselves now?
Your comment makes zero sense. Go back to the drawing board; you have it completely backwards. A PoW coin with no block reward subsidy IS A DEAD coin because transactions are no longer subsidized and lower overhead alternatives then mop the floor with it either in the form of:
A) A different PoW coin with block subsidy still running
or
B) Some other consensus algo with less overhead like proof of shit
Normally PoS wouldn't be able to win if PoW actually worked as advertised, but it doesn't. It's just centralized vs centralized. Also, you nooblords in this thread don't seem to understand adversarial mining works better the lower the block reward goes, which probably also blows up PoW in the end.
So the real endgame is that PoW is not sustainable because there is no valid Schelling point to force everyone to use the same PoW chain, and even though PoW is designed to completely centralize, it manages to fool enough uneducated people for the time being to not go to zero. But proof of stake is a more obvious interest-based, slumlord usury scam, and probably wouldn't tread water for long should there be an exodus from PoW.
There is no future in any of this garbage and silver and gold will destroy them in the end because they're all centralized with no fundamentals. The only real application for cryptocurrency is federated chains, but nobody would want to use that as a store of wealth over physical metals. Take a wild guess who does want to use federated chains, though? The govt to enslave you.
Hi r0ach,
You have it all wrong, and I am not even sure you understand BTC and the thought processes of Satoshi Nakamoto. When BTC block rewards go down to ZERO, there will still be transaction fees to reward the miners. Will the fees be enough to sustain the mining activity? We will find out in Year 2037... Not sure if you will be alive..
Either block sizes will be keep small to ensure higher transaction fees and Layer 2 Scaling will be the norm and BTC onchain will be used as a settlement layer.
Or Block sizes are increase to allow more transactions to be included in a block, hence a larger transaction fee.
Currently the average transaction fee is about 0.125BTC per block and average block size is about 60%. Guestimate the value of BTC in 20 years from now and do the calculations. It will be worth it for miners!
45.
Post 39056274 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.57h):
You have it all wrong, and I am not even sure you understand BTC and the thought processes of Satoshi Nakamoto. When BTC block rewards go down to ZERO, there will still be transaction fees to reward the miners.
LOL. Well golly jee! I had no idea transaction fees were recirculated as block reward instead of burned! Wait, actually I did, and a static block reward is a direct subsidy to transaction fees via inflation tax on the rest of the coin holders while a static block reward of zero provides no such subsidy.
You receive an F- on your post for pretending a static block reward of zero is no different than a block reward of 50.
The newbie section is that way---->Again, you are assuming miners need to be subsidise to keep doing what they are doing. My local bus route was subsides by the government for 30years. Once the population grew and passengers jumped on board, the subsidy disappeared. Guess what, the bus route is still there!
EDIT: and the passengers still uses the bus route. they didn't just catch the bus in the next suburb or look for a bus that was subsidise!
Not asking or seeking a rating from you buddy! and obviously your conclusions are just a insight in your delusional thinking.
46.
Post 39057904 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.57h):
r0ach is a troll? can't be? he is the smartest retard I have ever met.
47.
Post 39060056 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.57h):
You shills pretend that bitcoin has a captive audience monopoly over every transaction on the planet and doesn't have to face ANY competition. Your transactions were essentially free at a block reward of 50, but let's say they're 'only' $200 at a block reward of 0 while not being subsidized any longer. Since bitcoin is completely centralized, where in the flying fuck is the value proposition in paying $200 or more for a transaction on a centralized service that arbitrarily blacklists your non-fungible shitcoins when you can use a different centralized service for 1/100th the price or less? There's many services that even have free transactions between users.
Bitcoin is a garbage store of value and can never defeat silver and gold as the base of Exter's Pyramid, so the only trait anyone would actually be interested in is either:
A) using it as a pump and dump scam
B) using it for regulatory arbitrage (which is fast being stamped out by the day with govt regulations)
C) using it as a cheap payment system that would cost them less than using a normal bank or other financial services entity (not exactly going to happen with on-chain transactions and LN is an unworkable train wreck unless you make it completely centralized)
Again, no one here has said BTC has a monopoly on every transaction. In fact your delusions are coming back, I think you are reading what isn't on the screen, but what is in your head!
We want competition, this will make BTC better, force developers to think outside the box and develop tech the like you can not even imagine.
The bus ride was essentially free as well. But there were transaction fees during the 50BTC reward periods.
No one is asking you to use BTC go use your shit coin, but don't assume you know what will happen with BTC, don't assume miners will just dump BTC chain and mine elsewhere.
Do you even mine BTC? Do you think we are making shitloads of BTC?
Again you assuming $200 for an onchain transaction. Then I will assume it is for a $1Billion movement. I am fine with that! Or you can go with PayPal and get charged 2.6%?
48.
Post 39064794 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.57h):
Send a better Trilemma representative next time. You tried using words like "statist" as an insult, meaning you pretend you're some type of cool guy anarchist, yet I already explained to you nooblords that if you live in a closed ecosystem (aka the earth), libertarianism is a laughable impossibility because the vast majority of your actions have direct effect on others. Anarchy, same difference. Anarchy is an imaginary and non-existent concept - a power vacuum to be instantly taken over by a strongman.
So you are shit out of luck and groups of marauders are going to organize against you to take what you have, whether they be Congo negroids who want to rape and murder anything that moves, Jihaders who want everyone on the planet to be named Mohammed, or Jews who wish to monetarily enslave everyone on the planet with usury and murder you with their Kalergi plan. Your only real hope is forming some type of union to defend yourself against those enemies. Enter white & asian ethno-nationalism, the only two forces capable of destroying all these threats.
See you should spend more time talking about that... BTC is not for you man! but the above I really like!... You are the smartest retard I have every met!
Go the "white & asian ethno-nationalism"!!!!!
49.
Post 40889258 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_15.59h):
Someone needs to reboot their bot...
50.
Post 48568143 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.20h):
Didn't get a thing: what private keys? The website is down from here...
That site was a joke. Sure it gave lists of private keys with corresponding addresses, but good luck finding a private key for an address with coins in it. I believe the 1st pages had some hits of actually used private keys/addresses. But that is because I believe someone had used a really dumb private key like the equivalent of using the number one.
WARNING: DO NOT go looking for your privkey/BTC Address on the this site!
51.
Post 49210505 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.26h):
if we where in SCI-FI
and there is an offer to watch 1 day in the future (whenever day you wish, just to see where BTC stands)
how much would you offer to pay for that and how far would you wanna look ?
Are you hinting you have a "time machine" and are selling access to the highest bidder?
If so i am in... 1BTC for 30 Years from now. Would like to know if BTC will part of my retirement...
52.
Post 49310769 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.26h):
Fuck this market, i sold 60% of my btc yesterday. if it goes on like this for the next three months, I'll sell everything.
Good good you cannot do any better
I am serious, I don't have time to play.
Did you buy at 19k?
No.
I would sell even if I had bought at 19k.
Sell now!.. Price just jumped $100.00
53.
Post 49323823 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.27h):
Don't let corporates get away with paying less than 1% tax and suddenly there is enough funding for everything.
Life was indeed simpler before I realized that corporations can not be made to pay any taxes whatsoever.
No corporation has ever paid ANY tax in history.
I personally paid more income tax last year than Ikea paid corporate tax in my country, despite them having operated here for a long time. One person. I earn a good living but I really don't earn *that* much. And they have billions of revenue here.
You wonder why there's no money in the government treasury - that's your answer.
a bit of a double standard here.. what about US based corps,Google/Apple/MS etc... operating in other countries and not paying their fair share of company tax there?
Also at the end of the day, it is the individual shareholder who will cop the tax via personal tax returns. much easier/more for gov to tax and collect from the people than the corps...
54.
Post 49323888 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.27h):
Also at the end of the day, it is the individual shareholder who will cop the tax via personal tax returns. much easier/more for gov to tax and collect from the people than the corps...
Not when the company execs have private jets and Aspen lodges bought by the company. That’s tax free.
Not sure about the US tax system, but in Australia, that is covered under fringe benefits tax..
Again, i don't see a problem with corps owning such assets, the cost to maintain and run will flow down to other parties and the profits generated will be taxed.
55.
Post 49324100 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.27h):
FBT is great in theory. Hold a half hour company meeting at Telluride. Trip is deductible.
The Australian tax authority is almost as badly funded as the IRS, so can’t run audits effectively. Of course the underfunding is deliberate.
In theory, alot of things are great, in practice it is something else, that is with everything not just taxation.
Gov knows they are never going to collect 100% of what it is owed to them... self assessment is just that, you telling the government what you want to pay them! Gov hoping you are telling the truth.
also, any company who holds a 30mins meeting is not an ikea/google/facebook..
56.
Post 49327915 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.27h):
I reiterate;
CORPORATIONS DO NOT PAY TAX
Customers pay tax, on rare occasions shareholders may bear some of that burden for a short time.
This is not mere semantics. To a corporation taxes licenses and fees are nothing more than a line item, part of the cost of converting one set of goods and services into another set of goods and services. It will perform this conversion at a profit or it will cease to exist. All costs associated in the conversion are passed to the purchasers of the output goods and services.
So if my company sells products or services to the government, does that mean the government has paid tax for me?
If my company receives interest from a bank, does that mean the bank has paid tax for me?
What happens if my company makes a loss, does that mean my customer's get extra TAX back?
I bought a $2,000.00 Television this weekend, can i add the tax i paid as credit to my TAX return?
57.
Post 49447113 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.28h):
It's very annoying the Lightning Network conmen are trying to pretend LN while bitcoin has empty blocks vs bitcoin with full blocks that are uneconomical to use would look anything remotely similar to one another. It's a testnet and they're launching spam channels everywhere that have pocket change in each one and try to pretend each 'line' represents 'decentralization'. In the real world, the way it's designed incentivizes you to put all your money in a single channel connected directly to a well-connected bank, so the exact opposite of how they try to trick people and portray it as.
The testnet lines are meaningless, only incentives matter. Empty channels that nothing flows through is not a valid measurement of anything, just a visual trick. The real measurement of LN decentralization is basically what % of a user's net worth is all in the same channel and how few channels would actually be moving all the volume in the real world. For example, do you think someone is going to have 20% of their net worth in a channel connected to the grocery store then 5% to the pet store, yada yada? Hell no. They're not going to pay money to open all these channels and then for no reason split all their money up into non-fungible pools that can't be combined to spend on larger purchases.
How the fuck would you mobilize your cash to invest in anything if you constantly have to keep it in 100 different channels too? It's not feasible for savers, spenders, for anyone really. The only way it works at all in a non-clown car manner is having all your money in a single channel connected directly to a bank. So in other words, LN is completely worthless and is identical to the current banking system.
Roach, despite distracting and less than admirable personal qualities, you get some things right.
When I first looked into Lightning Network, I was thoroughly underwhelmed. Nothing has happened to change my mind.
LN is a kludge.
Bullshit! He doesn't have any points... it just shows how much roach really understands how LN functions.
Also these Bitcoin Banks are identical to the current banking system, does that mean one of these bitcoin bank can operate fractional reserve banking?
so fucking closed minded and blind!.. always thinking about what is here now. Mate, think 5-10 years from now, what evolution can take place with LN.
100 open channels, again shows how much you know about LN...
58.
Post 49514267 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.28h):
I started to take the inverse of my dad's opinion on Bitcoin. He is super mainstream and listens to all the media, at $20k he was Mr. hodl and all the way down he said it was going to $50k next month. He stopped talking about it, I assume this means he thinks it's dead. This is the biggest buy flag I have ever had. Buy buy buy
Just bought 0.1BTC at these prices... bargin!
59.
Post 49515384 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.28h):
I started to take the inverse of my dad's opinion on Bitcoin. He is super mainstream and listens to all the media, at $20k he was Mr. hodl and all the way down he said it was going to $50k next month. He stopped talking about it, I assume this means he thinks it's dead. This is the biggest buy flag I have ever had. Buy buy buy
Just bought 0.1BTC at these prices... bargin!
And I just bought 0.136
BTC ---> straight to my ledger nano s
Mine is moving into a new wallet address on my Full BTC Node...
Also, setup more 0.1 buys every $500AUD (350USD) down... Just in case there are more people wanting to sell them to me at bargin prices...
60.
Post 49515512 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.28h):
I started to take the inverse of my dad's opinion on Bitcoin. He is super mainstream and listens to all the media, at $20k he was Mr. hodl and all the way down he said it was going to $50k next month. He stopped talking about it, I assume this means he thinks it's dead. This is the biggest buy flag I have ever had. Buy buy buy
Just bought 0.1BTC at these prices... bargin!
Indeed good BUY you did there
Keep on buying continiously and you Will be OK
I remember a few years back a n00b friend bought 2.5 BTC of another friend for 2500€
My selling friend “long time coiner” Said to me again a Guy i set for the future
With being longer in BTC i do understand that more and more
BTC=long term future asset
Back in the peak of dec2017, a friend of mine wanted in... he couldn't get his money in any exchange fast enough... so i said i would buy it for him through my trading account and he can fix me up later...
so i bought him $5,000.00 worth... now everytime i see him, it feels like, he thinks i ripped him off/let him down somehow! a bit of tension there!
has anyone else been in this situation?
61.
Post 49750032 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.31h):
If JP's coin is privately mined and checksummed, then it's about as secure as a normal database and probably worse as they most likely fucked up the design. Not a biggie, or something I would trust more than a standard SQL server.
probably running on an MS Access 2007 Database....
62.
Post 49755699 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.31h):
Grrr.. that market sell/dump was not nice.. whose retirement plan was it??
Full-Disclosure: my next liquidation level is $1M USD @ ~$11k USD/BTC (depending on momentum).
Bob, if you don't mind me asking, how'd did you amass such large qty of BTC? Mining/Trading/Buying or Silk Road?
63.
Post 49755785 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.31h):
Silk Road?
In my own case I'm the guy who took all of Ross's money for assassinations and sent back photos of Ken dolls covered in ketchup.
I sleep fine at night.
I would too, with all of Ross's coins!
64.
Post 49830125 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.32h):
Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.
I beg your pardon ?
Lightning
IS Bitcoin.
Lightning transactions are not on chain, so they are therefore not Bitcoin transactions. So if LN txs are not Bitcoin txs, it follows that ...
I'm not trying to claim that LN is useless. It will likely have benefits for some limited applications. But to pin BTC's future on it when simpler methods were available... smh.
Going to have to pull you up on that one mate... LN Opens and Closed channel onchain. therefore they are BTC transactions.
On another note, i don't know why people are discounting LN. This is some awesome development/technology. What you see now may be different in 5 -10 years from now, there alot of smart people with forward thinking minds.
65.
Post 49830324 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.32h):
Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.
I beg your pardon ?
Lightning
IS Bitcoin.
Lightning transactions are not on chain, so they are therefore not Bitcoin transactions. So if LN txs are not Bitcoin txs, it follows that ...
I'm not trying to claim that LN is useless. It will likely have benefits for some limited applications. But to pin BTC's future on it when simpler methods were available... smh.
Going to have to pull you up on that one mate... LN Opens and Closed channel onchain. therefore they are BTC transactions.
On another note, i don't know why people are discounting LN. This is some awesome development/technology. What you see now may be different in 5 -10 years from now, there alot of smart people with forward thinking minds.
these people are anti segwit and pro bcash. you can not take them serious, just ignore them.
That's the thing with Technology. It is meant to evolve.
66.
Post 49833074 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.32h):
Australia probably doesn’t have any gold because it sold it for beer and bug spray 30 years ago.
We needed something to wash down the shrimp on the barbie!
England taking Australia Gold is just protection money being paid... nothing to worry about...
67.
Post 49838987 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.33h):
Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.
I beg your pardon ?
Lightning
IS Bitcoin.
Lightning transactions are not on chain, so they are therefore not Bitcoin transactions. So if LN txs are not Bitcoin txs, it follows that ...
I'm not trying to claim that LN is useless. It will likely have benefits for some limited applications. But to pin BTC's future on it when simpler methods were available... smh.
Going to have to pull you up on that one mate... LN Opens and Closed channel onchain. therefore they are BTC transactions.
Just no. The opening and the closing are Bitcoin transactions. All the in-channel transactions are NOT Bitcoin transactions. Sorry. This should be obvious.
On another note, i don't know why people are discounting LN. This is some awesome development/technology. What you see now may be different in 5 -10 years from now, there alot of smart people with forward thinking minds.
I'm only 'discounting' LN against the absurd claims made for it. As a layer 2 protocol, I'm completely whatevs with whatever all y'all want to do with a layer 2 thingy. The galling thing is that the underlying base protocol was intentionally crippled in order to implement LN. The fact that such crippling wasn't even necessary only adds insult to injury, and calls into question the motives and wisdom of those who advocated for such.
We will see which "peer to peer payment" system will survive in 30 - 40 years from now.
I think we will see that having such a massive database was the death of BCH.
BTC without Layer 2 Scaling has more of a chance!
68.
Post 50347340 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.38h):
A Bull or a Bear trap? Who knows other than it lays waiting for the unwary. #btd
4h
#stronghands'19
Where do you generate these sexy looking charts from?
69.
Post 50419435 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.39h):
#BTFD?
70.
Post 50485574 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
blocksize increase would not have stopped the stupid ass forks.. unless it were to break bitcoin, which was part of their goal to change bitcoin's governance and make bitcoin easier to change.....
Again with the delusion. One of the major 'features' in The SegWit Omnibus Changeset was for the sole stated purpose of making Bitcoin easier to change in the future.
jbreher..
What is your actual point? Seriously...can you dumb it down for all us plebs and just state
what the problems are and how
you would fix them. In simple non technical terms so we can all follow along at home.
Sure. Though you've branched from a twig of this thread that is kind of peripheral, I will swerve back to the big hitter.
Problem: As blocks become persistently full, tx fees required skyrocket, average settlement time skyrockets, many use cases become uneconomic, and Lightning fundamentally breaks - due to inability to make economic channel opens and closes, inability to get stale-channel-state-theft repudiation txs included in a timely manner to prevent the theft, LN txs that require out-of-channel execution becomes a larger percentage of the total, etc.
Solution: Avoid persistently full blocks.
How?: The Coreian solution seems to be to drive demand out of the system by reducing usability. I do not buy into that as any sort of a solution at all. One does not grow a system by limiting the things for which it is useful. The solution I advocate is so simple it almost does not require stating. It is the solution 'everyone in Bitcoin circa 2012' knew was the obvious direction to go in.
Simply increase the block size to accommodate the demand upon the system. This would return Bitcoin to the economic model it held from inception until insanity.
If I had a magic wand, I would roll back The SegWit Omnibus Changeset. But that ship has sailed. For worse.
I've got a lot of other points, but that's probably the top line item.
Thank you.
You're welcome.
Wow!.. That's your solution? Bigger Blocks?
I don't understand some people's way of thinking. We are living in an era where almost anything is possible, we just need to be able to imagine it.
Let me dumb it down here...
How do we fix a traffic congestion. I know, let's build/add more lanes on the freeway. that will solve the issue, Right?. Where do we stop? 10 lanes, 100 lanes , 1000 lanes?
Can you see a problem? Eventually your solution will be obsolete, eventually the traffic congestions will surface. Not only that, what about the towns and cities that may be around the freeway when it was just 2 lanes, you would have to demolish the towns and buildings to build these new lanes, eventually you won't have any towns and city to use the freeway with 100 lanes.
Not only that, what if the land is not suitable for your extra lanes. Ie, mountains/rivers/lakes etc.
The solution is not simple, it would have to involve a multi point attack. We could implement, high speed rail to move people around faster, we could use other transport methods, increase Bus or Multi-Passenger vecihles to reduce the amount of cars using the freeway. We can even think outside the box, change peoples driving and transport habit, work from home in the first 2 hours. Leave work later etc etc.
Now back to Bitcoin, does this sound familiar, now can you relate to what the developers are trying to archive? Layer 2? LN?
If you think Bitcoin is crippled because of small block size, then you are still thinking inside the box, and do not have the capacity to understand the full ramifications of larger and larger block size, let alone the importance of a smaller block size. Again, this is only one aspect of Bitcoin.
The other night, I came home and the front light was out. I found my keys, but was struggling to see in the dark, took a tad bit longer to get the front door open, then I thought to myself, wouldn't it be awesome if I had one of those proximity cards, like I do at work, and be able to just swipe my wallet and get inside. So in other words, my house is CRIPPLED and I should move out to my Office/Work. Again, the front door lock is just one aspect of my house.
"One does not grow a system by limiting the things for which it is useful." <- That doesn't apply to Bitcoin, data shows Bitcoin usage has grown year on year. Never have been limiting Bitcoin, infact, we are finding ways to push the boundary of it "usefulness"
The biggest problem you have with your mindset is that you are only thinking about what is here now and not what could be here in the next 5/10/15 years. The Bitcoin developers, not only have to think about block size, they have to think about the whole of BITCOIN. Do not ever say they deliberately crippled Bitcoin, because that is an insult!
71.
Post 50485658 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
This week in crypto:
1. One buyer pushes BTC over $5k
2. “Bitcoin” Google searches triple
3. SEC publishes token guidance
4. Binance launching in Singapore
5. More than 40 central banks are evaluating blockchain tech
6. Bitcoin still not dead
Building the foundation weekly!
https://twitter.com/APompliano/status/11145044352486522896. Bitcoin still not dead or "Crippled"!
72.
Post 50491898 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
... insults is all he's got.
I disagree with him on many (most) points but this...just ain't so.
For sure he's a smart guy and makes some good points.
"Smart" isn't in short supply. I grew up in a smart city, was surrounded by smart people, went to a smart university, got a smart degree. I'm just not impressed with "smart." Some people can be extremely intelligent by some measures and especially dumb in others. So what is "smart"?
In my experience, honesty and integrity are far more scarce and far more valuable attributes. I've watched "smart" people destroy the world around them, and themselves, during the course of my lifetime. I'm just not impressed by "smart."
If you break his points down and really analysis them, you will realise just how weak they really are.
Big Blocks is the solution! What a load of horse shit!
"A hard cap on on-chain txs is a hard cap on on-chain txs, any way you try to spin it." <- then it doesn't matter what size you raise the blocks? how could you advocate larger/bigger blocks when you do not believe in it as a solution to deal with transaction congestion. 1MB/8MB Same thing! Need a better solution. 1 Lane Highway/10 Lane highway, eventually you will get to the same issues at hand!
He say Layer 2 is a non solution, again, such ignorance to the fact you he uses layer 2 every day.
And his response to, "what happens when your 8MB block is not enough?", that's fine we will just keep raising the block size!
Lets keep raising it to the point where the blockchain/database/ledger is so massive, no one is going to want to run a full node.
The other misconception he is pushing is, "higher fees". As much as we all like to pay nothing for something, the true reality is, we need fees to keep bitcoin secure! We need the miners to do what they do, we need to reward them. The block rewards will be negligible in 3 - 4 halving times, we need fees to be as high as possible, if that means only using onchain to settle large value transaction.
There could be a layer 3, but on top LN (layer2), that could open and close channels without the need to write onchain, utilize existing onchain open channels. How do we that, i do not know, i am not smart enough and neither is jbreher.... but the difference is, i can see the possibilities and the potential..
73.
Post 50492239 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
^ I can tell you how L3 would work. (custodial L1/L2 wallets) Global payment processors with deals between them.... except they will probably be using L2/L1 to settle between them regularly (ie: hourly?)
IF Bitcoin some day gets massively adopted, that's how it will be done. You can quote me for posterity.
Yes i can see it happening that way, but what i meant was from a technical point of view how they will achieve this.. so it is trustless and open.
74.
Post 50492723 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
... insults is all he's got.
I disagree with him on many (most) points but this...just ain't so.
For sure he's a smart guy and makes some good points.
"Smart" isn't in short supply. I grew up in a smart city, was surrounded by smart people, went to a smart university, got a smart degree. I'm just not impressed with "smart." Some people can be extremely intelligent by some measures and especially dumb in others. So what is "smart"?
In my experience, honesty and integrity are far more scarce and far more valuable attributes. I've watched "smart" people destroy the world around them, and themselves, during the course of my lifetime. I'm just not impressed by "smart."
"A hard cap on on-chain txs is a hard cap on on-chain txs, any way you try to spin it." <- then it doesn't matter what size you raise the blocks? how could you advocate larger/bigger blocks when you do not believe in it as a solution to deal with transaction congestion.
WTF are you babbling about? I advocate larger blocks, as I
do believe in it as a solution to deal with transaction congestion. Quite a splendid one, in fact.
Lets keep raising it to the point where the blockchain/database/ledger is so massive, no one is going to want to run a full node.
There will always be those who with to run a full node, if only for the ability to trustlessly process incoming payments.
The other misconception he is pushing is, "higher fees". As much as we all like to pay nothing for something, the true reality is, we need fees to keep bitcoin secure!
The miners don't need your centrally-planned price controls.
You actually remind me of r0ach, when you can not defend your position or answer anything, you just go on a tangent and throw out statements which make no sense..
You still haven't mentioned what size blocks you think Bitcoin needs... reminds me of the little do'er carpet commercial, "tell them the price son!, the price!"
"Tell me the blocksize son! the blocksize!"
75.
Post 50492804 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
They will probably just reuse LN channels and just settle them regularly. With enough transactions, maybe they would be settling those channels hourly...
Settled? You mean become actualized on the Bitcoin chain?
Current LN channel capacity limit is just a temporary safety measure... It will get raised as needed.
That's what used to be said about block size.
Yes, it is not my problem as a user when (if ever) they settle my coffee payment. Or my burger. Or my (whatever pocket money purchase) I did.
Maybe they don't even settle as often because, your know, incoming/outgoing tx's sometimes are not that much unbalanced (see banks, even though they do regularly settle).
But as I said, I just deposit some pocket BTC money in one of those providers and all that I care is that they route my small instant tx's.
For all the rest, there is L1.
About your second point... well, if they were as evil as you sometimes imply that they wanted to cripple L1 and just move everyone to L2 they would need to raise that limit.
So either they aren't or the limit will be raised.
In fact I am sure it will be raised, eventually.
I do also think the blocksize will be raised (moderately) sometime soon... if they don't, I will certainly be very dissapointed... probably not so much as to leave Bitcoin for [insert here your preferred alternate shitcoin], but dissapointed indeed.
There is no need to raise the blocksize, if you do you just push away the need for change, the need for innovative ways to build on top of Bitcoin. We would never be able to scale the usage of bitcoin to replace the VISA and MasterCard of this current corrupt system.
I am going on the record here and now, I believe lowering the block size would be more of a "positive move" for the bitcoin in the long term than increasing the size of the block.
76.
Post 50494329 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
You are the one going off on tangents and ignoring the points that he's making.
And no, lowering the block size would almost certainly kill it right now because people would be incapable of using it and hence likely move elsewhere.
Disagreeing with larger blocks is one thing, although you have failed to produce any sensible argument against it. But advocating for lowering the block size just indicates that you're just running your mouth.
Are you perhaps trying to farm merits so you can join some signature campaign?
nah you got me!.. i am only trying to get merits... but it is for a good reason.
i am trying to enter micgoossens prediction games!.. but he keeps on increasing the merits required!
I am not saying i want to lower the blocksize now, i meant if i had to choose between the two, i would pick lower the blocksize, as i see more benefits from that, than raising the block size.
I told you my thinking behind why larger blocks will not solve the unconfirmed transaction issue with Bitcoin. It is a bandaid fix, that will need to be re-address time and time again!
We need a solution that is outside normal way of thinking, forcing transaction off chain and to layer 2 and yes the only way to do that is too keep the blocksize where it is or smaller and with the benefits that come with that, although most people will see it as a negative....
77.
Post 50509702 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
*looks around guiltily I have a confession to make.
I cant sleep...I think about it all the time..I might have a problem. I find myself looking at it when I know Im not supposed to. I talk to it inappropriately in a uncontrolled manner. Yet still...I stare at it unabashed..fantasizing.
Cookie Monster like bottoms.
100 day MA bottom is in boys. I think its just sexy how it transcribes across the cloud in preparation for going vertical. #nerdprawn
D
#stronghands
Have i ever told you how sexy these charts look!... if not..
Dam! Your charts look sexy!
78.
Post 50510176 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
WTF are you babbling about? I advocate larger blocks, as I do believe in it as a solution to deal with transaction congestion. Quite a splendid one, in fact.
You actually remind me of r0ach, when you can not defend your position or answer anything, you just go on a tangent and throw out statements which make no sense..
You still haven't mentioned what size blocks you think Bitcoin needs... reminds me of the little do'er carpet commercial, "tell them the price son!, the price!"
"Tell me the blocksize son! the blocksize!"
The _protocol_ needs no maximum on the block size. The miners, being the ones who are affected by the block size, can set it without your soviet. At whatever point makes sense from a market demand and supply perspective.
Let me get this correct, you did advocate for larger blocks, but now you don't. You changed your mind.
What you really want is a "dynamic block size", that Miner's will set themselves, be it Small (80kB) or Large (8GB), doesn't matter.
79.
Post 50523914 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
WTF are you babbling about? I advocate larger blocks, as I do believe in it as a solution to deal with transaction congestion. Quite a splendid one, in fact.
You actually remind me of r0ach, when you can not defend your position or answer anything, you just go on a tangent and throw out statements which make no sense..
You still haven't mentioned what size blocks you think Bitcoin needs... reminds me of the little do'er carpet commercial, "tell them the price son!, the price!"
"Tell me the blocksize son! the blocksize!"
The _protocol_ needs no maximum on the block size. The miners, being the ones who are affected by the block size, can set it without your soviet. At whatever point makes sense from a market demand and supply perspective.
Let me get this correct, you did advocate for larger blocks, but now you don't.
You changed your mind.
You are incorrect. My advocacy has always been for
no protocol-determined block limit. For such is exactly equivalent to a centrally-planned production quota. And production quotas -- to the extent that they are enforceable -- are invariably economically inefficient, ensuring crappy outcomes for most participants.
In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.
At 1MB in size, blocks are so trivially small that miners' only consideration was in maximizing tx fees in the blocks they are building. Leading to blocks not being persistently full until the number of txs desired by the community became in excess of the block size limit. Obviously, such an issue can be solved by increasing the block size limit.
Of course, at some size (specific size thereof unknowable to the central planners), block size will be problematic. But
the market will solve this issue. At the point where block propagation increases due to size leads to a higher incidence of orphaning, that is where the equilibrium point for block size will be set. Again, assuming no centrally-planned max, and that sufficient txs are available to build such large blocks.
What you really want is a "dynamic block size", that Miner's will set themselves, be it Small (80kB) or Large (8GB), doesn't matter.
Absolutely. Now you seem to have caught up.
and what would you do when groups spam the blocks to make them large and reduce the number of nodes?
Is anyone going to pull you up on this one? Look above, you said you advocate for larger blocks.
And now you advocate for a dynamic block, only after i mentioned dynamic block, which you never mentioned previously. If that is the case and it is dynamic blocks and not bigger blocks, then you also must support the current and smaller block size as it fits within your framework of a dynamic block. Therefore, your arguments about a smaller block size goes out the window.
The thing is, when mining a block it doesn't matter what size the block is, the cost to generate such blocks are the same.
Can you imagine a scenario, where there are 100,000 unconfirmed transaction, which you now have a dynamic blocksize, and a miner confirms all 100,000. what will happen for the next miner to find a block? what is going to be his reward? what will be his incentive to keep mining? the hopes he will find a block big enough, with enough fees to pay the electricity bills?
What will happen to fees? it will drop to nothing as there will be no competition to have your transaction validated.
Production Quota are economically inefficient? <-WTF? this just confirms to me, you are completely delusional..
I wish i had you as a boss, "Hey jbreher, how much products should i get out today? Up to you mate, do a little, do a lot, do what every you see fit. I'll leave it with you. no production quotas here mate!.
As much as we all want to support Bitcoin, bills still need to be paid, cost needs to paid. profit needs to be made!
BTW this has been discussed a while back in BIP106, dynamic block size with formulas to calculate next block size etc... but you will probably claim you already know about that...
But of course you won't agree, you will go off on a tangent and talk about "centrally planned" and "soviets" and god know what else.
Someone earlier mentioned talking to you is like talking to a wall... exactly know what they mean now...
I'll leave it with this one last point...
You talk about the market this, the market that, the market will, well the market has spoken mate! and You and BCH/BSV and what every other shitcoin you represent are the weakest link!
Good Bye!
80.
Post 50528356 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
Blah blah blah larger block blah blah
You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend
Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.
And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?
For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.
I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.
Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.
The market picks the winners. The market doesn't always care about "superior technology".
That's fair if the argument is made that way. But using the market's decision as an argument for which is "better" in a technical argument doesn't make sense.
I don't think there's anything wrong with just outright stating that you're into Bitcoin because the most prominent representatives of BCash are a bunch of ass wipes that can not be trusted. And that's clearly the reasoning that most people arguing with jbreher are following. After all they're clearly incapable of having a technical debate about the matter. I fall into that camp as well, but I'm not going to pretend that I can hold a candle to jbreher on this topic. Never bothered getting into the technicalities of BTC so can't argue on his level.
If they were the only information that I had regarding BTC vs BCash I would be siding with BCash myself.
So maybe some people in this thread should take a step back and consider the implications of their petty tribalism with regard to new coiners.The game isn't over yet, and if all that new people have to go by is a bunch of nonsense vs technical arguments we could very well see BCash overtaking.
So for whatever reasons, people who care about BTC may want to consider whether or not they want to taint its image with retarded personal attacks and complete absence of rationality.
First of all, I don't believe you need to explain it on technical level why bigger blocks are not a permanent solution to unconfirmed transaction. if 1MB is not bigger enough what makes you think 1GB will be? read back and see my highway analogy and how impracticable it is.
Want a technical explanation of the impact of having every single transaction recorded on the blockchain and also the blockchain having a bigger blocks...
1. Database Size
Lets assume Bitcoin is now the standard peer-to-peer payment method. for Simplicity, let assume there will be 1,000,000,000 Transaction a day. Each transaction is approx 250b. (assuming there is only one input and one output). 41,666,666 / Hour or 6,944,444 /10Mins
This will mean we need a min of 1.736GB blocksize to accommodate the transactions.
So...
Every Block: 1.736GB
Every Hour: 10.416GB
Every Day: 250GB
Every Year: 91,250GB
is added to the blockchain
2. Hardware Requirements
Using a base line, and I am being conservative, of 30sec and 200MB (Should be about 1GB-2GB) of RAM to Validate and Confirm 1MB.
1,736MB would require approx 868mins or 14.4Hours to confirm a block
1,736MB would require approx 347GB of RAM
1,736MB would cost $0.034 (0.02c per GB) or $1,825.00 per year (assuming your computer had enough SATA interfaces)
3. Internet Connection/Bandwidth required
Assuming everyone is on a 1GB fiber connection
1000mBIT / 8bit = 125MB/sec will take 13secs not including overheads, retry missed packet etc etc....
13secs to get to the first node (2 Available to Rely)
26secs to get to another 2 nodes (4 Available to Rely)
39secs to get to another 4 nodes (8 Available to Rely)
52secs to get to another 8 nodes (16 Available to Rely)
65secs to get to another 16 nodes (32 Available to Rely)
78secs to get to another 32 nodes (64 Available to Rely)
91secs to get to another 64 nodes (128 Available to Rely)
104secs to get to another 128 nodes (256 Available to Rely)
117secs to get to another 256 nodes (512 Available to Rely)
130secs to get to another 512 nodes (1024 Available to Rely)
143secs to get to another 1024 nodes (2048 Available to Rely)
156secs to get to another 2048 nodes (4096 Available to Rely)
You will also require a data plan of 7.5TB a month for below.
Every Block: 1.736GB
Every Hour: 10.416GB
Every Day: 250GB
Every Year: 91,250GB
So just to recap the above,
You would need to buy a machine capable of handling 1TB of RAM and possible a RAID Storage that can handle 91TB of Hard Drive Space
You would need and awesome internet connection, maybe two, one for your node the other for netflix
And lets say all this is possible and affordable, you will be spending half the day validation/confirming just 1 block.
From a mining point of view, there would be many orphan and rejected blocks given it takes a large amount of time to validate/confirmed blocks. It will also advantage the last miner who has found the block as they can start on the next block before anyone else.
Say good bye to decentralization of Bitcoin Nodes. Only the Rich and Powerful Corporations will run a full node and destroy the very fabric Bitcoin was built for - Decentralization
In other words, we need to scale a different way! Bigger Blocks/Dynamic Blocks are not the answer.
You are right on a few things, you can not argue with jbreher, because he doesn't actually know what he wants.
First it was "bigger blocks", so i pulled him up on that, and then it is a "no protocol-determined block limit" and now it is a "dynamic block size" that miners can decided what they want.
The other thing that you are definitely right about is that the "game is not over yet". But is sure isn't a game between BTC vs BCH/SV.
It is BTC against another tech that will change the way we look at this whole peer-to-peer payment system. not just another clone of Bitcoin but a real game changer! that is what i am worried about!
81.
Post 50529592 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
Blah blah blah larger block blah blah
You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend
Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.
And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?
For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.
I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.
Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.
The market picks the winners. The market doesn't always care about "superior technology".
That's fair if the argument is made that way. But using the market's decision as an argument for which is "better" in a technical argument doesn't make sense.
I don't think there's anything wrong with just outright stating that you're into Bitcoin because the most prominent representatives of BCash are a bunch of ass wipes that can not be trusted. And that's clearly the reasoning that most people arguing with jbreher are following. After all they're clearly incapable of having a technical debate about the matter. I fall into that camp as well, but I'm not going to pretend that I can hold a candle to jbreher on this topic. Never bothered getting into the technicalities of BTC so can't argue on his level.
If they were the only information that I had regarding BTC vs BCash I would be siding with BCash myself.
So maybe some people in this thread should take a step back and consider the implications of their petty tribalism with regard to new coiners.The game isn't over yet, and if all that new people have to go by is a bunch of nonsense vs technical arguments we could very well see BCash overtaking.
So for whatever reasons, people who care about BTC may want to consider whether or not they want to taint its image with retarded personal attacks and complete absence of rationality.
First of all, I don't believe you need to explain it on technical level why bigger blocks are not a permanent solution to unconfirmed transaction. if 1MB is not bigger enough what makes you think 1GB will be? read back and see my highway analogy and how impracticable it is.
Want a technical explanation of the impact of having every single transaction recorded on the blockchain and also the blockchain having a bigger blocks...
1. Database Size
Lets assume Bitcoin is now the standard peer-to-peer payment method. for Simplicity, let assume there will be 1,000,000,000 Transaction a day. Each transaction is approx 250b. (assuming there is only one input and one output). 41,666,666 / Hour or 6,944,444 /10Mins
This will mean we need a min of 1.736GB blocksize to accommodate the transactions.
So...
Every Block: 1.736GB
Every Hour: 10.416GB
Every Day: 250GB
Every Year: 91,250GB
is added to the blockchain
2. Hardware Requirements
Using a base line, and I am being conservative, of 30sec and 200MB (Should be about 1GB-2GB) of RAM to Validate and Confirm 1MB.
1,736MB would require approx 868mins or 14.4Hours to confirm a block
1,736MB would require approx 347GB of RAM
1,736MB would cost $0.034 (0.02c per GB) or $1,825.00 per year (assuming your computer had enough SATA interfaces)
3. Internet Connection/Bandwidth required
Assuming everyone is on a 1GB fiber connection
1000mBIT / 8bit = 125MB/sec will take 13secs not including overheads, retry missed packet etc etc....
13secs to get to the first node (2 Available to Rely)
26secs to get to another 2 nodes (4 Available to Rely)
39secs to get to another 4 nodes (8 Available to Rely)
52secs to get to another 8 nodes (16 Available to Rely)
65secs to get to another 16 nodes (32 Available to Rely)
78secs to get to another 32 nodes (64 Available to Rely)
91secs to get to another 64 nodes (128 Available to Rely)
104secs to get to another 128 nodes (256 Available to Rely)
117secs to get to another 256 nodes (512 Available to Rely)
130secs to get to another 512 nodes (1024 Available to Rely)
143secs to get to another 1024 nodes (2048 Available to Rely)
156secs to get to another 2048 nodes (4096 Available to Rely)
You will also require a data plan of 7.5TB a month for below.
Every Block: 1.736GB
Every Hour: 10.416GB
Every Day: 250GB
Every Year: 91,250GB
So just to recap the above,
You would need to buy a machine capable of handling 1TB of RAM and possible a RAID Storage that can handle 91TB of Hard Drive Space
You would need and awesome internet connection, maybe two, one for your node the other for netflix
And lets say all this is possible and affordable, you will be spending half the day validation/confirming just 1 block.
From a mining point of view, there would be many orphan and rejected blocks given it takes a large amount of time to validate/confirmed blocks. It will also advantage the last miner who has found the block as they can start on the next block before anyone else.
Say good bye to decentralization of Bitcoin Nodes. Only the Rich and Powerful Corporations will run a full node and destroy the very fabric Bitcoin was built for - Decentralization
In other words, we need to scale a different way! Bigger Blocks/Dynamic Blocks are not the answer.
You are right on a few things, you can not argue with jbreher, because he doesn't actually know what he wants.
First it was "bigger blocks", so i pulled him up on that, and then it is a "no protocol-determined block limit" and now it is a "dynamic block size" that miners can decided what they want.
The other thing that you are definitely right about is that the "game is not over yet". But is sure isn't a game between BTC vs BCH/SV.
It is BTC against another tech that will change the way we look at this whole peer-to-peer payment system. not just another clone of Bitcoin but a real game changer! that is what i am worried about!
Internet speeds are irrelevant, as they increase rapidly as data usage increases. The capacity is not even remotely near its maximum (last I checked 100~1000 GBit for consumers were possible but simply not sensible right now), even if you exclude all the satellites that are being launched over the coming years.
Data plans irrelevant as most countries don't have "data plans" for home use and offer unlimited bandwidth instead.
Storage is irrelevant as well. Even 4 TB SSDs only cost a few hundred bucks these days. By the time storage became an issue we'll have 50-100 TB hard drives for a couple hundred dollars.
RAM seems the only sensible bottleneck if your numbers are accurate. $6 per GB currently and I haven't seen RAM size increase as much as other hardware. But that seems to be mostly because of a lack of utility rather than technical implausibility.
I also fail to see how your highway analogy is supposed to hold. Highways are inherently limited by physical space. Hardware inherently works in a different way. If we had arbitrary amounts of space that we could build on economically we'd have no problem with building even a personal lane for every single human in the world. And with hardware we actually do. It takes sometime to develop and scale, but so far there's no end in sight to how much data we can get from any one point on earth to any other.
I have no idea about the implications on mining and centralization though.
As far as a "real game changer" is concerned. That's already Bitcoin. It solves one of humanity's biggest issues. Banks fucking around and screwing the entire population. For a new "real game changer" to appear we would first require a new "real problem".
And Bitcoin hasn't even been around long enough to really get rid of the issues that come with banking, privatized profits, socialized losses, as well as the fiat toilet paper printing press.
It'll probably take a few decades until we can really identify new serious problems
and have people give enough of a shit about them for some to try and someone to actually succeed in solving them as well as people actually jumping ship.
yes totally agree with you on your last point....
The highway analogy was not about space to build the highway, but rather it doesn't matter how many lanes are built, it will still eventually get to the same outcome as a 1 lane highway. You will still end up with traffic congestion, nothing has been solved. I was merely trying to associate with the fact bitcoin developers was not concerned with building more lanes, ie increase block size, but focusing on alternate transport methods or alternate transport habits. ie layer 2 scaling.
There also comes to a point where you may never be able to run full node from scratch. Based on a 30sec a 1MB validation time and i have read somewhere that it may be quadratically longer the bigger the block. will try and find the whitepaper on that one, but for arguments sake i used a linear model. You will be validating previous blocks and never catching up.
Just to confirm the 30sec theory, i'd shutdown my Bitcoin Node, was 8 blocks behind, fired it back up and it took about 5mins to catch up 10 blocks, two blocks was found while validating/catching up.
Maybe in developed countries the internet is more reliable, but what about us third world internet countries, like here in Australia! Struggling to even get 100Mbit business internet grade, let alone consumer grade. Typical speeds are more like 10mbit.
BTW 100-1000Gbit Internet available right now? who the fuck is offering that? i want one right now!
82.
Post 50530377 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
When in doubt, zoom out #Bitcoin
Statistic speaks
Can't wait! Only more 4 years till we get excited about seeing a coin wall of 1BTC!
83.
Post 50530551 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
Buy Bitcoin, hodl Bitcoin and buy more Bitcoin.
And don't forget to consolidate your wallet's UTXO. Especially if you are adding small amounts at a time.. the last thing you want to do it generate a 44KB transaction when sending bitcoin somewhere...
84.
Post 50530766 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.40h):
the last thing you want to do it generate a 44KB transaction when sending bitcoin somewhere...
What is it with 44KB?
When i'd first started mining, i set my payouts to certain amount and generated over 2000+ UTXO, yes i have been mining for a while. Not understanding that each UTXO will incur 250b or there abouts... so when i wanted to send 2BTC to my brother wallet, did it come with a shock! i had to move it in 44KB increments to minimize the fees and also my Bitcoin Wallet Freezing and stalling when selecting the inputs.
EDIT: Now i have them consolidated from 2000UTXO+ to 27UTXO spread across 8 wallets, 3 are SegWit across 3 Bitcoin Full Nodes
85.
Post 50535431 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.41h):
yes totally agree with you on your last point....
The highway analogy was not about space to build the highway, but rather it doesn't matter how many lanes are built, it will still eventually get to the same outcome as a 1 lane highway. You will still end up with traffic congestion, nothing has been solved. I was merely trying to associate with the fact bitcoin developers was not concerned with building more lanes, ie increase block size, but focusing on alternate transport methods or alternate transport habits. ie layer 2 scaling.
As I pointed out earlier, and I quote: Stupid analogy is stupid.
There also comes to a point where you may never be able to run full node from scratch. Based on a 30sec a 1MB validation time
According to statement by gmaxwell, Core 'nodes' do not verify back to the genesis block, relying instead upon checkpoints. I deigned to just accept his assertion on this point - it may be incorrect.
and i have read somewhere that it may be quadratically longer the bigger the block.
Yes. Operative word is _may_. One is able to construct an aberrant block that requires quadratic time to verify. Fortunately, this is a self-rectifying non-problem.
Just to confirm the 30sec theory, i'd shutdown my Bitcoin Node, was 8 blocks behind, fired it back up and it took about 5mins to catch up 10 blocks, two blocks was found while validating/catching up.
Folly of trying to limit the performance of our lifetime's second most significant technological achievement, only in order to satisfy having essentially zero skin in the game, is duly noted.
Yeah we are not going to agree on anything mate.
Let not even attempt to discus Moore's Law and the possibility of it not fully applying in 2020/30/50. That another 10 pages on the WO wasted!
The one thing, I have noticed from you, is the vague response you give, wether it is tactic you employ to evade and dismiss people or to counter arguments, in a way of "I didn't say that" or "I meant this"
Anyhow,
You cannot convince me a "different approach" is the wrong way to handling bitcoin scalability... and
I cannot convince you bigger blocks/dynamic blocks or anything to do with blocksize will NOT scale bitcoin.
86.
Post 50535530 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.41h):
You cannot convince me a "different approach" is the wrong way to handling bitcoin scalability... and
I cannot convince you bigger blocks/dynamic blocks or anything to do with blocksize will NOT scale bitcoin.
That's the core of it. Why is anyone wasting their one precious life on this 'debate'? The result of it is already here.
Instead of attempting to convince people who can't be convinced why aren't they instead working on the actual development of their pet? That might actually achieve something for the same amount of calories.
Fair enough... what do you do if you do not a pet?
87.
Post 50543881 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.41h):
Internet speeds are irrelevant, as they increase rapidly as data usage increases. The capacity is not even remotely near its maximum (last I checked 100~1000 GBit for consumers were possible but simply not sensible right now), even if you exclude all the satellites that are being launched over the coming years.
Data plans irrelevant as most countries don't have "data plans" for home use and offer unlimited bandwidth instead.
Storage is irrelevant as well. Even 4 TB SSDs only cost a few hundred bucks these days. By the time storage became an issue we'll have 50-100 TB hard drives for a couple hundred dollars.
RAM seems the only sensible bottleneck if your numbers are accurate. $6 per GB currently and I haven't seen RAM size increase as much as other hardware. But that seems to be mostly because of a lack of utility rather than technical implausibility.
I also fail to see how your highway analogy is supposed to hold. Highways are inherently limited by physical space. Hardware inherently works in a different way. If we had arbitrary amounts of space that we could build on economically we'd have no problem with building even a personal lane for every single human in the world. And with hardware we actually do. It takes sometime to develop and scale, but so far there's no end in sight to how much data we can get from any one point on earth to any other.
I have no idea about the implications on mining and centralization though.
As far as a "real game changer" is concerned. That's already Bitcoin. It solves one of humanity's biggest issues. Banks fucking around and screwing the entire population. For a new "real game changer" to appear we would first require a new "real problem".
And Bitcoin hasn't even been around long enough to really get rid of the issues that come with banking, privatized profits, socialized losses, as well as the fiat toilet paper printing press.
It'll probably take a few decades until we can really identify new serious problems and have people give enough of a shit about them for some to try and someone to actually succeed in solving them as well as people actually jumping ship.
yes totally agree with you on your last point....
The highway analogy was not about space to build the highway, but rather it doesn't matter how many lanes are built, it will still eventually get to the same outcome as a 1 lane highway. You will still end up with traffic congestion, nothing has been solved. I was merely trying to associate with the fact bitcoin developers was not concerned with building more lanes, ie increase block size, but focusing on alternate transport methods or alternate transport habits. ie layer 2 scaling.
There also comes to a point where you may never be able to run full node from scratch. Based on a 30sec a 1MB validation time and i have read somewhere that it may be quadratically longer the bigger the block. will try and find the whitepaper on that one, but for arguments sake i used a linear model. You will be validating previous blocks and never catching up.
Just to confirm the 30sec theory, i'd shutdown my Bitcoin Node, was 8 blocks behind, fired it back up and it took about 5mins to catch up 10 blocks, two blocks was found while validating/catching up.
Maybe in developed countries the internet is more reliable, but what about us third world internet countries, like here in Australia! Struggling to even get 100Mbit business internet grade, let alone consumer grade. Typical speeds are more like 10mbit.
BTW 100-1000Gbit Internet available right now? who the fuck is offering that? i want one right now!
Again, your highway analogy only works with restrictive limitations. More highways irl only converge towards congestion because we can't build them indefinitely in an economic manner. If we kept building highways indefinitely, then at some point there would be more lanes than humans and thus no congestion whatsoever, even long before each person gets their own lane.
And again, our bandwidth is not even remotely utilized to its full capacity even when ignoring future changes. Congestion is a non-issue, at least with the issues that you've raised so far. As soon as it became one our bandwidth and data plans would adapt and that's that.
I'm saying 100-1000Gbit are easily possible, probably more by now since I've read about this quite a while ago. There's just no reason to offer those bandwidths when the most a consumer does is stream multiple 4k videos at the same time. See for example this article from 2007:
https://www.theregister.co.uk/2007/07/12/swedish_woman_has_fastest_internet_connection/The argument with undeveloped countries (in terms of internet speed) doesn't hold if you argue for decentralization, unless you want the majority of "normal" people to run a node. There are enough people who can easily afford to run nodes and they don't. This won't change even if it's free simply because there's no immediate incentive for anyone to do so. If people acted in the ways necessary for that to work none of us would be using fiat money.
Edit: Not trying to say that there is no problem with big blocks. I don't know enough about the protocol to pass judgement on that front. But the bandwidth and storage issues seem heavily overblown to me and suffering from the same type of linear mindset that keeps people out of Bitcoin and investing in general.
Either, you are shit stirring me or you genuinely cannot see where the analogy leads you...
I leave you with this quote from Einstein,
"The definition of insanity is doing the same thing over and over again and expecting a different result"
(and yes, I know there is. no evidence that Einstein wrote or spoke the statement above)
88.
Post 50636492 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.42h):
Happy 6th Birthday WO!
89.
Post 50642201 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.42h):
There are at least 2 ways to prove that he is Satoshi:
Satoshi Nakamoto <satoshin@gmx.com>He should have access to email Satoshi.
Satoshi Nakamoto in bitcointalk.orgLog in to your bitcointalk.org account
And leave a message: "
Hello, this is Craig Wright and I am Satoshi Nakamoto!"
If this is done, there will be, almost, no doubt that Satoshi is him!
Let the judge accept this information!
Get with the times, youngling.
The gmx email address was compromised years ago and put up for sale.
The bitcointalk database has been compromised multiple times and satoshi's account has been long shut down.
Even if he signed from one of the known blocks all it would prove is that he controlled those private keys at that moment of signing, though of course it would be much more compelling than anything else.
No one can prove they're Satoshi without a shred of doubt. It's too late now.
Did anyone ever try and figure out from the logs what IP address he was connecting from?
90.
Post 50643830 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.42h):
There are at least 2 ways to prove that he is Satoshi:
Satoshi Nakamoto <satoshin@gmx.com>He should have access to email Satoshi.
Satoshi Nakamoto in bitcointalk.orgLog in to your bitcointalk.org account
And leave a message: "
Hello, this is Craig Wright and I am Satoshi Nakamoto!"
If this is done, there will be, almost, no doubt that Satoshi is him!
Let the judge accept this information!
Get with the times, youngling.
The gmx email address was compromised years ago and put up for sale.
The bitcointalk database has been compromised multiple times and satoshi's account has been long shut down.
Even if he signed from one of the known blocks all it would prove is that he controlled those private keys at that moment of signing, though of course it would be much more compelling than anything else.
No one can prove they're Satoshi without a shred of doubt. It's too late now.
Did anyone ever try and figure out from the logs what IP address he was connecting from?
indeed there was one connectivity w/o Tor the time Hal Finney and Satoshi Nakamoto worked together on the Bitcoin client.
Satoshi Nakamoto IPhttp://www.plotip.com/domain/h-68-164-57-219.lsanca54.dynamic.covad.netHOST DETAILS: H-68-164-57-219.LSANCA54.DYNAMIC.COVAD.NET
IP Address: 68.164.57.219
IP Block: 68.164.57.128 – 68.164.57.255
Reverse DNS: h-68-164-57-219.lsan.ca.dynamic.megapath.net
Host: Covad Communications. Van Nuys, CA, USA
Location: Van Nuys, CA, USAThis is not a TOR exit node which implies that this is the IP address used by Satoshi on 2009-01-10 and he was in Van Nuys on this day.
very interesting is that a young lady which is connected somehow with Dave Kleiman and CSW lives near this location.
CSW was in Australia working at BDO Kendalls around 2008... was he anywhere in USA in 2009?
91.
Post 50671514 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.42h):
network was too slow to propagate the blocks.. now imagine a 1GB block in action...
92.
Post 50688827 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.42h):
Lot more than a few. If only I had just bought and held ...
That’s not really a post you want to be associated with!.. or be congratulated on...
Maybe if it was something like...
If you are now hodling Bitcoin after you’ve:
.....
93.
Post 50728561 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.42h):
Great interview on the What Bitcoin Did podcast:
https://www.whatbitcoindid.com/podcast/peter-rizuns-lightning-critique-fud-or-fairI assume a number of you will summarily dismiss this, rushing to judgement before examining the evidence. But for the open-minded, certainly worth a listen.
I am truly looking forward to the necessitated responses from the LN-faithful. Well, to the extent that such responses be substantive. If this conversation carries forward in a respectful manner, we may
all learn a thing or two.
edit: Incidentally, this has been 'Lightning Month' on What Bitcoin Did. Quite a few good installments, each focusing on a different aspect of Lightning.
So i listen to this with an "open-mind".
Yes, we all know LN isn't perfect right now, but for a technology that is a few years old, it has friggen not too bad!.
I don't agree that it is a negative that LN is skewed towards transactions rather than users. This is what LN is for.
I don't believe his arguments has diminished idea of a layer 2 implementation.
Anyhow, I guess we keep coming back to the general idea that it will be fine in the future!.. The technology will be there to support Bigger Blocks and Massive Database (but in the future it will be considered small). We will have cheap 1000GBit connections to link everyone together and 80TB hard drives! Moore says so!
The same can be said for LN and Layer 2 solutions. The developers are working on a solutions for this and that. A different Layer 2 solution will be available soon and so forth.
But which would you bet on? Something that is developing and evolving right before our eyes or relying on Moore's Law?
And I do like Peter McCormack interviewing style. He's use of the word FUCK is so.. so... not sure how to describe it actually..
94.
Post 50852497 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.44h):
So I am guessing you missed out the college just like me but you are street smart
I did miss Some of those yes only high-school myself....
I went to graduate school for an advanced degree in Neuoscience and I can tell you it means fuckall in terms of acquiring real life/world experience. The only 2 things I got out of it were:
1. A $30,000 student loan
2. Concrete proof that people who value intellect and associated status over all else are are massive cunts.
There's obviously more than one way to be smart. That's another thing I learned.
95.
Post 50852634 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.44h):
Seen that meme the other day on IG and pissed my self laughing! and when you were talking about college and debt, i thought it was fitting to include it here.
I think Larry's mechanic workshop takes BTC via LN!
96.
Post 50864315 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.44h):
So instead of settling on a closed SQL Server of some sort, they have now settled on closed blockchain...
I wonder if it was a blue or red blockchain!
97.
Post 50961373 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.45h):
McAfee is probably some type of puppet of the US govt at this point. The carrot they use being: say some random shit promoting or denigrating bitcoin on various days of the week and we'll give you safe harbor status and not extradite you for whatever the hell you did in some 3rd world country. But that's basically what they do to everyone. Even if you've done nothing, they'll frame you for something and do the same thing. Which is why it's important to keep a low profile.
Do you really, really believe some of the shit you post?
Unless the US Gov has knocked on your door and asked you to promote metals to help keep the price artificially low...
98.
Post 50977615 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.45h):
Hi guys,
Just returned here to see pumpy gifs and memes. I hope you are all well
Then that was one big motherfucker of a bear trap! I think you were trapping Brontosaurus’s!!
99.
Post 51037904 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.46h):
In theory it works like that but in practice it doesn't. Even in the Bretton Woods system there was a "notional" convertibility to gold. But there was still far more currency in circulation than there was gold in existence. The value of gold was simply pegged to a multiple of the dollar ($30 I think).
Lets say you had 1 bitcoin and you issued a bitcoin backed bond. You now have 2 effective bitcoins in circulation - the real one and the bond. The original doesn't cease to exist just because it's backing a bond. Similarly, crypto exchanges inflate the bitcoin money supply. We deposit our bitcoin on exchanges and they create these "synthetic" bitcoins for us to trade. Meanwhile the deposited BTC are still in circulation on the blockchain.
People tend to think that they're "locked away" and out of circulation, but they're not. The new synthetic ones are added to the supply. The exchange can do what they want with the deposits - it just depends on the contractural terms.
So the "21 million" limit is not really a limit. The bitcoin supply can be expanded in an unlimited way and will be simply through its use as a pure unit of account, same as any other asset.
That does not make sense... you just said, one is the REAL Bitcoin the other is a BOND (FAKE), there will only be one BTC ever appearing on the blockchain... also, slightly less than 21M in circulation.
What you do in your closed system will only be in it's closed system with the participants involved, be it exchanges/coinbase to coinbase transaction etc.
At the end of the day, 21M is still the limit, no matter what you want to peg it against!...
100.
Post 51037915 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.46h):
But, what do those numbers you posted (2-2-10-4) mean? Just curious...
Play Railroad Tycoon, you'll learn.
Great Series of games BTW.
Damn I miss that game. Goes great with a bag of weed (as do most things).
One of my favorite aspects was trying to bankrupt the other tycoons by manipulating their stock prices.
If you had enough capital to buy and crash the price of a competitor's stock, you could leave them forever bankrupt, unable to dig themselves out of massive debt. Fun!
What about Transport Tycoon... That what so far advance for it time!.. I remember the longer you played the slower it got!
The economic module of the game was fantastic. I usually played only as investor manipulating mine and all other stocks, trying to bankrupt the other rich guys, while having quit as a manager of the company and letting the game automanage it...
Playing the market was a great part that I had totally forgot about!
OK, I have to dig it out now. I think I only have RT3 left so it'll have to be that one.
Anyone remember Transport Tycoon?... It was so far advance for its time. I remembered the longer you played the slower it got!.. Those super fast Pentiums was no match...
101.
Post 51065854 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.46h):
I like your comment. Am here question i want to ship product from us and they can't accept bitcoin and confuse what to do next. After at i google and get a blog @
packageforwarding.info where many companies are mention for my package forwarding but what to do with bit coin issue ?
Send me your Bitcoin and i’ll take care of the shipment for you...
102.
Post 51134185 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.47h):
FOMO will be in full force shortly... Just sold my Antminer S9! with 60 views and 4 watchers...
Testing to make sure it still works, so i logged into Slush's pool and found i still have 0.04BTC waiting for me!
Great day!
103.
Post 51236152 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.48h):
Can they really make it any more obvious this market is a giant scam where a single entity rigs the price? Like wtf? No markets are this fraudulent on the entire planet that the govt doesn't crack down on (besides the scams they're running themselves), yet this retardedly obvious pump and dump scam has been going on for YEARS where it's ALWAYS a single entity rigging the price. So what does that tell you? The govt has done absolutely nothing to attempt to stop Bitcoin because the govt wants you to buy these centralized govt tracking system tokens.
There's going to be some complete idiot like the godless corsair Elwar or Last of the V8s that will claim it's somehow impossible for the govt to stop bitcoin (LOL NO). All they have to do is block all fiat deposits and withdrawals on exchanges and it becomes completely useless. Why haven't they done it? They want you to buy these imaginary digital tokens instead of metals to try and force you into a cashless society slavery system.
And who is this single entity?
104.
Post 51307636 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.49h):
Since Last of the V8s is completely delusional, we can have a contest. We can both lobby for the govt to ban both Bitcoin and physical metals then see which one is still actually useful afterwards. Bitcoin is completely useless just by blocking fiat deposits and withdrawls to exchanges, let alone a complete ban. On the other hand, it's not actually possible to ban the periodic table from existing.
So did everyone hand in all their physical gold in 1933? Not one US citizen own any gold?
Did people stop drinking during prohibition? They did stop the booze getting to the bar right?
I think you are delusional if you think just stopping fiat deposits and withdrawals means the end of Bitcoin!...
105.
Post 51307913 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.49h):
I think you are delusional if you think just stopping fiat deposits and withdrawals means the end of Bitcoin!...
Already explained it before. It's both cheap and efficient for the govt to operate a police state on the internet where Bitcoin resides (see Twitter, Facebook, the nation of China), while operating a police state in the physical world where gold and silver exists requires orders of magnitude more effort and expense bordering impossible. A single demonic Jew can operate a police state online, but it's far too difficult to source a Jew to place on every street corner and living room.
Police state in the internet? Yeah right! Either you are completely dilusional, or you actually own 1,000+BTC but can not make friends in the real world and are here during what should be your lunchtime/playtime, and using A delusional version of grammaly app to construct your out there post and response...
BTW, I bought some 1oz Gold and 5oz Silver Lunar New Year Coins a few months back, about 1BTC worth... was going to create an index to track the two investments and call it the “Dick-a-Roach Index” and post regular updates of it here... so far the gold and silver is far behind!
106.
Post 51603905 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.53h):
The kikes can attempt to rig this to try and distract people from physical metals as much as they want, the goyim are simply not buying imaginary, valueless, digital shitcoins.
You are 100% correct, they are buying BITCOIN...
107.
Post 51605077 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.53h):
Still waiting for my first #FOMO phone call..... #FOMO not in yet?
108.
Post 51605100 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.53h):
This is ridiculous. We are going completely out of schedule. Is this 2020 or what?
Bitcoin doesn't follow any schedule, it carves it's own!
109.
Post 51618536 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.53h):
110.
Post 51804325 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_16.55h):
I haven’t written a check since 2002. And the last time I saw someone actually use a check was almost 10 years ago. It’s astonishing that they still exist in some parts of the world.
Older people mor so than younger still use them and they have one aspect they like and thats when they get their statements there are copies of the checks or the voided checks returned for their files. Not everyone wants top go paperless and like to have physical proof they paid for something.
I still use cheques for my business. We pay for our suppliers for stock with cheques, the best part of it is, the supplier doesn't bank them straight away, giving us a few days of credit. I also have client who also pay their suppliers with cheques and post them out, so by the time the supplier banks it, they have an extra 2-3 weeks.
But for personal banking, it is all electronic...
111.
Post 53720450 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.13h):
The threat is real:
BREAKING: First case of coronavirus in Germany
Looking similar to BTC pricing trajectory!
112.
Post 53729281 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.13h):
Jesus Christ. Now we have idiots with sig spam campaigns for "gold backed Tethers".
What?... I thought you were the creator?
113.
Post 53740669 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.13h):
New yearly highs recorded on Coinbase...
What's Coinbase?
a base you build when you were a kid, for your coins?
114.
Post 53786021 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.14h):
I must admit that I am surprised that Justin Sun survived this enthusiasm with Buffett (you missed one t), considering what his twitter looks like after this historic encounter. Now Buffett is the owner of TRX and BTC, does this mean that he will now start talking positively about BTC?
Buffett was just being polite. He isn’t going to promote BTC and TRX.
Buffett Before Dinner with Justin Sun: “Bitcoin has no unique value at all,”... “It is a delusion, basically.”
Buffett After Dinner with Justin Sun (Scenario 1): Now that Justin has explained BTC and how it really functions as a peer-to-peer electronic cash system. I am sold and will recommend to everyone i know!!!! Including Bill and Jamie... I cannot believe my comments the last few years have been completely misguided! but still not too sure what that TRON crap was all about...
or
Buffett After Dinner with Justin Sun (Scenario 2): Has that little Asian Guy transferred the $4.5million dollars yet? Get me the hell away from here and toss that samsung shit in the bin, happy with my nokia 5110.
115.
Post 53797933 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.14h):
@BinaryOverdose
#bitcoin over 10k on at least one exchange🚀🚀🚀
When Stamp......
not too far behind!..
116.
Post 53830437 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.15h):
This thread is full retard now. You have digital shitcoin scammers Gentlemen like Marcus and LambwhateverMy Hero Slayer praying as many people die in some sort of global plague as possible pretending it would be bullish for Bitcoinunderstanding how flights to safety work . If it was a worst case scenario and 2-15% of the global population actually did die (the high ball estimates are too high because only asians have elevated ace2), I'd bet everything that it would be a deflationary collapse and Bitcoin would get clobbered because Bitcoin performs terribly in deflation.
LOL, like you bet everything on silver and sold your Bitcoins for peanuts in 2015. You could have been a man of wealth and taste....
Once we hit new all time highs I dont know how you will have the balls to show up here anymore tbh.
He’ll still turn up to try & scare off noobs, he won’t want new people getting rich on the next wave. People who sold too early don’t like to see other people do well.
He sold early? doesn't that make him the biggest RETARD.?? Maybe he is the "Retard Gang Leader"
117.
Post 53843320 (copy this link) (by hisslyness) (scraped on 2020-04-04_Sat_17.15h):
https://twitter.com/MorlockP/status/1228086074871865345?s=20So it seems that
* efforts at containment of covid-19 have failed
* it's out of China and will soon be everywhere
* r0 may be at the higher end of the range: ~ 5 +
* lethality may be much higher than we hoped
so : feces hitting the fan, medium hard
>>>
#preppertalk
+thread
16/
I have very low confidence in my thoughts.
I ** KNOW ** that I don't know.
Basically I'm looking for hedges in case stuff is bad, not PREDICTING that it is
But...my best guess?
* undeniable "outbreak" in US in < 6 weeks
* r0 of 4-5
* lethality 2%
So I had one of those cheap industrial/workshop mask, and decided to put it on to hopefully filter some of the air i am surrounded by.
The one thing i know for sure, my breath fucking stinks!...
