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13370331 No.13370331 [Reply] [Original]

We've already won the fight for SHA256 hashpower and the other coins haven't even realised why.

The reason is the block transaction fees. Block 578691 has just 407 transactions with a size of 9.3mb. More importantly it has 4.27 BSV in fees attached to it. A regular block with many small sized transactions won't even get close to this amount of fees.

So what do you think will happen when the transaction fees make BSV more profitable to mine? The hash comes to us.

BCH can't compete with this unless they push for blocks much larger than what we're capable of and can fill them, not going to happen anytime soon. BTC hasn't got a hope in hell as the only time the fees rise is when they're at capacity, the more this happens the more users will leave for greener pasteurs.

To accelerate this process we need to build as many BSV services as we can that will start to bring in the fees. It's a new frontier with plenty of opportunity.

>> No.13370346

lmao the bsv shills are so desperate they have to spam their bullshit here nonstop
filtered

>> No.13370392
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13370392

please sirs.. do the needful.. the bags are so heavy

>> No.13370636
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13370636

>>13370346
>>13370392

Not an argument

>> No.13370648

>>13370346
>>13370392
Nervous core kikes

>> No.13370697
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13370697

Kek oh no

Now this is what peak despair looks like

>> No.13370759
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13370759

>>13370346
RENT FREE

>> No.13370810
File: 1.05 MB, 1080x4594, 2019-4-18_21-54-3.png [View same] [iqdb] [saucenao] [google]
13370810

>>13370331
Ok!

>> No.13370821
File: 495 KB, 1022x674, cryptoscams_.png [View same] [iqdb] [saucenao] [google]
13370821

>>13370331
Get out SCAMMER.
BSV = SCAM

>> No.13370824

>>13370331
post more, OP

>> No.13370835
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13370835

>>13370821
Go back to plebbddit soi npc

>> No.13370958

>>13370636
>tfw blockchain is AI DNA

>> No.13370963
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13370963

>>13370331
Who is brian norgard

>> No.13370981

>>13370331
>We've already won the fight for SHA256 hashpower and the other coins haven't even realised why.
What? Everyone knows BTC dominates hashpower, that isn't news anon.

>> No.13371566

>>13370963

Good question ;)

>> No.13371572
File: 989 KB, 2653x2386, 1530328288426.png [View same] [iqdb] [saucenao] [google]
13371572

Reminder that these are the people running the shill campaign against CSW

Besides [01G], he does it for free

>> No.13371576
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13371576

>>13371572

>> No.13371579
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13371579

>>13371576

>> No.13371581

>>13371572
CSW is running the shill campaign against CSW. The dude is a fucking moron.

>> No.13371641

>>13371572
>[01G]
idk how any rational person can still be aligned with Bitcoin Segwit. Still having faith in BCH I can understand, as I'm still somewhat of a fence sitter myself on BCH and SV. I want the latter to succeed and it seems like its got the most going for it, though idk if the market cares rn. I think a lot of people are satisfied with BCH for the time being.

>> No.13371751
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13371751

>>13371641

Bitcoin is not a cryptocurrency, it's an address space that people ascribe value to based on real-world expenditure being realized to secure the contents of the address space, which can be seen more practically as a ledger since chronology and time is involved.

BTC fucked this up with Segwit (an entirely vestigial construct that leeches from the base address space) and BCH is fucking it up with CTOR and Graphene.

BTC fucked up space, BCH is fucking up time.

>> No.13371769

>>13371751
>Bitcoin is not a cryptocurrency
It is though.

>> No.13371786

>>13371751
Why the fuck do developers insist on fucking with the way transactions are done on the protocol? With Core and Segwit I can't help but feel they are just being malicious, but with BCH I think they're misguided, but maybe there is some other thing happening.

>> No.13371853

>>13371769

Bitcoin/ecdsa does not use encryption at all. You can not encrypt a message natively in the protocol. "Hashcash" is a much better way to look at it than "cryptocurrency." Monero and Zcash are cryptocurrencies, because you use encryption to obfuscate transaction data.

>>13371786

They are all fools, idiots or feds. There are no developers in bitcoin, just bad miners. Eventually they'll get this

>> No.13371871
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13371871

>>13370331
BSV transactions are fake spam, no one want to store 9.3mb for 250 dollars, unless it’s illegal content.
You can literally get 150gb for few bucks using any legit file storage service.
Unless you want to fill the blocks with cp...
The sooner you realize that, the better.

>> No.13371882

>>13371871
>pay fee to get on the block
>fake

>> No.13371890

>>13371853
Didn't read that.
Bitcoin is a cryptocurrency. It's not a debate.

>> No.13371920
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13371920

>>13371882
>be the only BSV miner
>be a millionaire that want to show off fake capabilities spending 250dollars that anyway he will probably collect back as miner reward
> spam for free and * honk *, big announcement on Twitter

>> No.13371948

>>13370331
>We've already won the fight for SHA256 hashpower
* INHALES *
AAAAAAAAAAAAAAAAAAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAGHAHAHAHAGAGAGAGAHAHAHAHAHAHAHAHAHAJAHHAHAHAHAHAHAHAHAHAHAHA

THE ABSOLUTE STATE OF DELUSION

>> No.13371970

>>13371920
>show off fake capabilities
You keep using the word "fake". I don't think you understand what the word means.

>> No.13371996
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13371996

>>13371890

I'm just stating facts, Bitcoin does not use encryption in any way.

DigiCash was a cryptocurrency.

>Didn't read that.

Others will, though.

>>13371920
>>13371920

You don't understand the game of mining.

>> No.13372084

>>13371996
>Bitcoin does not use encryption in any way.
you are stupid signig is encrypting a hash with your private key

>> No.13372108

>>13372084

"Encryption preserves confidentiality of the message ("some data"), while signing provides non-repudiation: i.e. only the entity that signed it could have signed it."

>> No.13372114

>>13371572
that doesnt mean i dont accept payments its just nobody pays for doing satoshis work.

>> No.13372117

>>13372108
I'm not going to argue with you. You're just wrong.

>> No.13372125

>>13372108
read up on this shit nigga! crypto is fun. public key cryptography is a bit special because it works both ways depending on which key you use to encrypt.

>> No.13372200

>>13372084
>signing transactions

Nah, Bitcoin Segwit doesn't do that anymore and that blockchain is forever ruined.

>> No.13372329

>>13372200

People don't realize how much of a disaster Segwit really is. It was a really, really bad idea.

>> No.13372382

>>13372329
yes but it will be fine some people don't realize that altho segwit was a fucking bad idea it doesn't mean all that much and completely optional to use it.

>> No.13372399

>>13372382
>optional
>bunch of unsigned transactions in the blockchain
>its totally cool, bro. we don't need to verify anyone actually owns the private keys that made the transaction

>> No.13372409

>>13372200
alrigh>>13372399
t then try to send a segwit tx without signature!

>> No.13372415

>>13370331
What's the best miner for $600? Sha256

>> No.13372428

>>13372399
>For non-SegWit nodes or miners, this is an ingenious trick. This transaction is a “non-standard” transaction, also called “anyone-can-spend outputs”. Such transactions are not relayed in the network. However, if a miner (SegWit miner) includes a nonstandard transaction in a block, such block will be valid and the transaction will be relayed.

>> No.13372478

>>13372399
btw do you even know what pay to script hash means?

>> No.13372524

>>13371996
>You don't understand the game of mining.
If you build a miner paradise and ignore that no user in this planet is willing to pay 250$ to store 9mb, you are delusional.
Big blocks? You ends up with centralization, so there is literally no point of using BSV over Dropbox.
The only reason you want to store file on the blockchain is illegal content cause they cannot be deleted.

>> No.13372526

>>13372409
The signature is discarded to make more room and all that is left is the witness hash. Its the most retarded method of scaling ever conceived. Seriously this shit had to be malicious. Its also going to prevent btc from every being used in any form of contracting, which I guess is fine because Blockstream made sure to limit the protocol and scale in pretty much every way conceivable so smart contracts and other business applications weren't going to happen anyway (even though these things were always intended on the protocol). Garbage fire of a fucking coin. Lost every advantage it ever had and fucked up adoption, setting us back years because now we need to migrate to another chain. I'll never forgive Core.

>>13372428
>anyone-can-spend
>its not a flaw its a feature!

This is such a fucked up incentives scheme baked in to Segwit... With a 51% attack you can only double spend your transactions. With SegwitCoin and anyone-can-spend a 51% attacker can then spend anything that's been used in Segwit addresses. Because the pot is now something beyond an individual miners double spend and now includes funds of others it incentives miners to form a cartel and 51%. Whereas before the incentive to attack the chain really only benefited a single spender/miner.

>> No.13372539
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13372539

>>13372524
>Big blocks? You ends up with centralization, so there is literally no point of using BSV over Dropbox.

>> No.13372547

>>13371970
Ok, not fake but not applicable to real world economy.
No one want to pay a miner to:
-get BSV
-spend BSV for transaction fee to store data
-spend BSV to access data
It is RETARDED, it’s slow, expensive and totally non sense

>> No.13372554
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13372554

>>13372524
I bet this guy thinks he's verifying transactions on his laptop.

>> No.13372595

>>13372526
>With SegwitCoin and anyone-can-spend a 51% attacker can then spend anything that's been used in Segwit addresses
Massive if true. If true, this will happen once all the hash power has been yanked over to bsv

>> No.13372719

>>13372526
btw do you even know what pay to script hash means?

>> No.13372733

>>13372524

Again, you don't understand the game of mining!

Centralization is never the problem at scale, because it is a ridiculously profitable endeavor with a lot of optionality that allows the most pure form of competition ever devised by man. This is the entire point of Nakamoto Consensus. There will always be competition.

>> No.13372735

>>13372595
not true but he can spend anything in the mempool that is coming from a segwit wallet as he pleases its just vitcoin would fork immediately.

>> No.13372744

>>13372735
*bitcoin
and while the price would suffer such an attack temporarily the attacker would be largely alone on his new network and his forked coin worthless

>> No.13372793
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13372793

>>13372735
>>13372744

Ledger = time
Address space = space
Segwit = black hole

"You're not ready for that one yet, but your kids are gonna love it."

>> No.13373015

>>13372793
>13 Posts by the same ID
>>13372719
>10 Posts by the same ID
Cope, Vishnus

>> No.13373059

During the bcash days i never believed that paid shills are a thing because people are dumb enough to shill dumb ideas and scams for free...but this is a whole new level...fucking no one would go this low for free

>> No.13373162

>>13370331
>>13370331
Im invested in bsv and I got a lot, in my own estimate. I have 21 bsv.
sometimes I unironically withdraw and deposit somewhere just to use the chain

but why the fuck does it take 36 long ass confirmations? once it took 22 hours to arrive.

anyway OP; post more.

>> No.13373598
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13373598

>>13373162

>> No.13373983

>>13373015
meh i though he was going to answer my question...
>btw do you even know what pay to script hash means?