All posts made by nomnomnom in Bitcointalk.org's Wall Observer thread



1. Post 13736305 (copy this link) (by nomnomnom) (scraped on 2020-04-04_Sat_14.42h):

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Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

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There are those who would say this to you:

Pay up or use PayPal.

I am so sick reading stuff like this over and over. This kind of elitist thinking is very dangerous imho.
The Whitepaper says "A peer to peer cash" system. As long as lightning network and co are not production ready
the coffee goes in the blockchain - deal with it.

Also the 7$/TX theoretical cost ist retarded, this is mostly because the 1MB blocklimit, if we would raise it to say 10MB
it would go down to 0,70$/TX and so on. ( of course this shit is inefficient, but it makes sooo much economic sense wtf )

I know decentralization above everything blabla, but I think we have to make a tradeoff here, most fullnodes are servers or on cable
connections anyway. Those machines don't care much if the blocksize is 1, 2, 4 or 8 MB... They run anyway, top 5 fullnode networks:

Code:
1 OVH SAS 366 (6.39%)
2 Comcast Cable Communications, Inc. 343 (5.99%)
3 Hetzner Online GmbH 228 (3.98%)
4 Amazon.com, Inc. 218 (3.81%)
5 Hetzner Online AG RZ 147 (2.57%)





2. Post 13736974 (copy this link) (by nomnomnom) (scraped on 2020-04-04_Sat_14.42h):

Quote from: Elwar on January 31, 2016, 08:45:07 PM
decentralization above everything blabla

This.

 Grin

I agree decentralization is very important and we shall not lose it, but it is also a very subjective and hard to measure thing.
We have to find the sweet spot that makes most sense:
http://www.coindesk.com/how-to-save-bitcoins-node-network-from-centralization/