/biz/ - Business & Finance

lolol bcore

>>9685139

Bitcoin Cash is unironically the real Bitcoin. The real scammers are the ones running around stating bcore is anything like Bitcoin. Go read the whitepaper you moron.

Bcore should have died the moment the upgrade occurred (the Bitcoin Cash fork). This isn't the first time Bitcoin has forked, in fact Bitcoin has upgraded/forked successfully 2 more times since August 1st 2017.

>>9654146
>>9654267
>>9654513

BTC marketcap is less than 50%. That is, by definition, a minority.

>>9629835
What worth is that initial laying of those tiles now ? An inflationary currency would be better."
"So an inflationary bitcoin is what we should go for ?" (2) asked.
"Not exactly," I said. "If folk's bitcoin were to lose its value immediately upon receiving it then where's their incentive to chew through electricity to run a mining node ? So even though inflationary currency makes better practical sense I think we'll have to go with deflationary for now and see if it works. If it fails we can always set it up as inflationary and get it running again."
"Ok, then," (2) said. "Deflationary it is. How would that be set up ?"
"Well," I said. "This is going to be similar to mining, right ? That means digging resources out of the ground. If it's like gold then there's only so much gold beneath the ground. Over time it will become harder and harder to find pockets of gold. The soil where the pockets are found will become more and more diluted, so there's less gold for every square meter. This means that there will only ever be a maximum amount of gold ever mined from the earth. The remuneration is higher at the beginning and diminishes over time until all gold has been mined. This makes the gold more and more scarcer over time which in turn would force its value upward, so long as there is a positive demand for it."
"What do you mean positive demand for it ?" (2) asked. "Won't it always be in demand ?"

>>9606057

>please not the easily verifiable facts!

>>9542677

>he wanted to create a trustless system. The big blocks model relies on trust

Lightning nodes are subject to censorship and regulation. Big blocks are just the same blockchain... with bigger blocks. Satoshi is on record as theorising bitcoin would become the provenance of "large server farms". Farms which would follow consensus rules. I know which I'd rather trust.

>his goal is fucking central banks and fiat, no to create an inefficient version of paypal for retards like you.

LN is Paypal 2.0, not on-chain scaling.

>small blocks = better for decentralization
>lightning = scalability and low fees

Non-mining nodes do not contribute to the network. Congrats on being the flat earther equivalent of crypto. LN will fill 1MB blocks at such a scale, so the block size has to be raised anyway.

LN is a joke and you ate that shit right up. I understand that you bought in at 19k and you're desperate to recover your investment but I'm afraid you bet on the wrong horse. Doesn't really matter because for every one uneducated brainlet like you there are ten people who will read this post, double check the facts themselves and wake up to the fact that Blockstream has sold the crypto community a dream. And it is them I am truly addressing. You're just a tool I can use to demonstrate a point.

>>9397019

You're mistaken, Rajeet. Bitcoin Cash is the real Bitcoin.

I hold 7 real Bitcoins

>>9298550

Weak concern troll

For terabyte blocks you'd be filling all transactions in every form worldwide, not going to happen. Especially not going to happen over the next 10 years.

Gigabyte blocks can be mined on your home PC today and gigabyte blocks aren't going to be nearly full for years.

As for nodes, who the fuck cares if you run a node. Your exchange may see value in running a node, as will miners. A cucklord like you doesn't need to run a node because it doesn't fucking validate anything for you.