/biz/ - Business & Finance

Does Craig even contribute to the project in a tangible way? Serious question.

>>14267605

So many empty blocks. What a shame.

>>14267605
No thanks I prefer bcore with 4 tx/s
BSV is scam

>>14267735
This but unironically lightning network is smarter than doing things in chain, fuck I want to wait 10 mins for a confirmation for?

>>14267748
bsv is instantaneous though
nice trolling otherwise

>>14267605
how big would the bsv blockchain get in one year if it did that many transactions per block every time?

>>14267624
marketing and mining

>>14267605
Exactly my kind of humour.
Having empty blocks, cause nobody wants to use this cryp -> Let's have bigger, emptier blocks!!! Yay!

>>14267786
Way to big for the avg user like me to run my own node and validate the network and keep it very decentralized

>>14267767
literally just used it for the first time to sell my fork coins and it took 30 mins to arrive on bittrex

>>14267813
because cucktrex requires 3 confirmations pajeet.
try to send it from wallet to wallet and keep coping

>>14267721
It's blocks are fuller than BCH and Litecoin

>>14267860
Sounds like you're projecting, Rakesh.

>>14267860
It's actually incredible not having to wait for confirmations, I withdrew from Polo to moneybutton to streamanity so I could watch a video in under 60 seconds yesterday. Not a single delay

am i a brainlet or is this not impressive? harmony has 118k tps right now and is aiming for 10million

>>14267917
b-b-but anon, bitcoin is not supposed to be used.
its muh digital gold! use a credit card if you want to send small transacctions ffs

>>14268043
buy BSV and SHUT THE FUCK UP NIGGA!

>>14268043
>PoS-based full sharding scheme
in the trash it goes.

>>14267624
unwriter is not a person but a team

>>14267605
b-but my lightning network! in the next 18 months for sure this time!

>>14267605
Just shy of $10,000 per coin

>>14267624
He is lead scientist so yes. And also he literally created Bitcoin.

>>14267605
>2GB blocks
>scaling
OP, are you retarded?

>>14267917
This is how Bitcoin was always supposed to work.

You should be angry at the people who sabotaged this.

>>14268066
explain plz wtf is that

>>14267624
he satishi

*teleports behind you*

>>14268239
thats the consensus model of your shitcoin. PoS is crap and doesnt work. it rewards the largest holders and leads to collusion. 51% can control the network simply by buying up all the coins. then 51% can control those 51% and so on. eventually you end up with 1% calling the shots. PoW rewards miners for working and securing the network instead of just hoarding coins. Dr. Wright talks about this extensively
https://medium.com/@craig_10243/proof-of-unregistered-security-798f4df2fbb9
most people in crypto dont really get it (heck I barely understand it myself). but a core innovation of bitcoin was the nakamoto consensus model involving PoW. PoS, DAG and all the other crap out there is a deviation from this and wont work in the long run.

>>14268334
The only scaling method I've seen that isn't shit it Bitcoin-NG.

>>14268273
>sharding
same crap, see
>>14268334
all these shitcoins sacrifice security for scaleability. BSV is the only scaleable PoW coin following satoshi nakamotos original design. it works but instead of building it up blockstream has crippled the development, leading to all these shitcoin abominations popping up. they will all be crushed by BSV.

>>14268334
https://cointelegraph.com/news/vitalik-buterin-proof-of-stake-sharding-to-make-blockchains-1-000x-more-efficient

what about this seems pretty convincing to me

>>14268444
Checked. Vitalik is by all means the smartest man in crypto, or at least in the top 10.

it is btw pretty telling that most people in crypto dont have the slightest clue about the tech. they think muh muh many transactions good, while all these deviations from the original protocol lead to centralization and/or loss of security. Visa does 150 million tx per day but its completely centralized. if you just want many transactions while sacrificing security you might as well just use credit cards. and ironically thats exactly what blockstream has been telling people to do. even most developers dont seem to get it since they dont understand economics. the genius of satoshi nakamoto was that he combined various fields (cryptography, economics) and came up with a genius solution thats economically incentivized on every level. BSV works as intended, its fully scaleable and it will crush all the competition. 99.9% of these shitcoins will be gone in a couple of years.

>>14268186
You're right, 2gb is still way too small, 1tb blocks are ideal and the goal BSV is working toward

>>14268444
see
>>14268334
Dr. Wright talks specifically about ETH and why its dead in the water.

>>14267917
how'd that work out for NANO again? Down 90% from ATH

>>14268494
but eth is being adopted by all the corporations

>>14268401
Proof of work is shit. It was invented by Adam Back, and he's a cuck. Do you seriously want to support Adam Back?

when i dumped this shit, i unironically had to wait 3 hours till it reached the exchange. forst confirmation tookk 30 mins and i needed 10 of those! wtf are you rambling on about instant tx here, this is an absolute shitcoin and even bitcoin itself is way faster.

>>14268582
Adam Back invented Hashcash, not PoW.
>>14268563
they will all move to BSV eventually.

>>14268563
couple of .ppt partnerships and after conference photoshoot is not adoption

eth doesn’t scale beyond 14 tx/s
14 tx/s
i can repeat it again

14 tx/s

>>14268644
From bitcoin's whitepaper:
>To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proof-of-work system similar to Adam Back's Hashcash
Fuck him. Fuck Adam. We have to break from his heritage, not dwell on it.

>>14268665
Proof of Work was invented in 1993 by some harvard nerds. Adam Back is not the inventor of PoW he was just one of the first to use it in software.

>>14268663
seriously? so isnt the token that helps eth scale become the technology at the forefont of the crypto space?

>>14268532
No blockchain, no proof of work, i.e. it's a shitcoin.

>>14268716
The reputation of PoW is now tainted because of him. We have to move on. Fuck Handcash, fuck PoW. Don't fall for Adam Back's PoW shills.

>>14268760
>some meanie used it
>therefore nobody can ever use it again
not how it works anon

>>14268760

>>14268178
Hahahaha he's looking more and more stressed out by the day!

>>14267624
Creg is satoj he make the Coin

>>14268760

>>14269215
Looks fine to me.

How well are you coping on the other hand?

>>14269416
Hahaha Get the fuck outta here, queer. Guy looks like he's not gonna make it.

>>14268468
I have 3.5 Bsv. How many do I need to make it?

>>14269708
>I have 3.5 Bsv. How many do I need to make it?
-200 BSV to make it

>>14267605
This means jackshit, I could send Terablocks too between my two computers too.
What matters is the number in live situation with a global network where you have to transmit these blocks between thousands of nodes around the planet with various hardware and connectivity.

>>14267605
Imagine being able to do 14000 transactions per second but actually not even needing one tps.

>>14267735
>>14267748
Enjoy $0 btc

We have warn you

>>14269728
When my shitcoin holdings sell Im all in BSV.
Billionaires always get what they want.
Why is BTC pumping? To dump when Satoshi reveals himself in a few months.

"this time its different"

>>14268043
Haaa what lkek

>>14269756
But even if he is Satoshi, why would people buy his coin? I never see bsv shills explain this. They all act as if the price will go up magically if it is proven that wright is Satoshi.

>>14268459
No
You dont do code

>>14267605
you have to be a total retard to own anything in this man-child market except BSV, which is literally the only adult in the room

>>14269708
21

>>14269791
Because humans want leaders, its nature

They want accountability they want to trust

>>14269851
Omg what a retard you are.
>Muhh people will buy my cryptocurrency because they want a leader

Seriously whoever is paying you for this shills is getting scammed.

Pointless test. The bottleneck would be distributing transactions globally fast enough. At higher rates of txns and larger blocks its just huge amounts of data throughput, in the gigabits per second, every node needs to be supporting globally, scaling exponentially. Testing big block TPS in a testnet shows absolutely nothing.

On chain transactions simply can never scale because they require global consensus on incredibly large sets of data. You want every node to be synchronizing hundreds of gigabytes of network traffic, disk I/O, petabytes of storage? You would essentially have only a few full nodes dominate the network, turning it into a centralized system. Even ETH, which already has dynamic blocks, can't even be run on a hard disk anymore, you need a fast SSD to run a full node.

This is why off chain solutions are probably the future, they keep the underlying blockchain free to focus on security and decentralization rather than compromise those aspects for raw TPS. The blockchain becomes a base layer to provide trust for applications built on top of it. Not every transaction in every application can be settled on chain.

>>14269742
>We have warn you

Power pajeet

>>14269796
Nigger, CSW can't code at all. He's clueless as fuck. Skelly is a guru programmer who even partook in IOI as a teen. Obviously he's more competent in protocols too.

>>14269791

https://www.youtube.com/watch?v=9EHKvNuRc0A

>>14269891
>you need a fast SSD to run a full node.
oh noes how will industrial scale miners ever gonna cope with this excessive hunger for hardware?

>>14269906
vitalik still thinks communism can work
he can code but not much else

>>14269891
>t. Adam Back
Thanks for your worthless input. Would have gone to leddit if I wanted to hear the blockstream PR narrative.

>>14270030

For ETH, which is only doing like 10-20 TPS on average. For gigabyte blocks like BSV is talking about, you're right, only industrial scale miners would be able to run full nodes. Everyone else would have to "trust" them and rely on centralized third party services to join the network.

>>14270050
Fuck Adam Back. I hate this man. Hashcash and PoW were a mistake.

>>14267605
Craig Smokes Ganja With Hebrew Israelites

BSV is a total scam ran by Colombians.

>>14270070
>muh full nodes
get outta here with that blockstream propaganda. nodes dont even verify transactions. the plan was never to have raspberry pis run a global currency. of course it will be handled by big miners with resources. that doesnt mean muh centralization. eventually every country will have their own mining oiperations because... newsflash... its actually profitable to mine BSV and they dont rely on a broken "fee model".

>>14269791
THEY WONT BAHAHAHA. No one is buying this bsv FORK shitcoin. Its literally going to zero EOY, watch Calvin dump his bags to pay for his resort.

Empty 128mb blocks vs empty 2 gig blocks

>>14269791
if he turned out to be satoshi no one would think any better of him, people would simply agree that satoshi has gone insane and thank God his no longer associated with bitcoin

>muh tps, guess what Visa can do more than that, why would I use bsv again? yeah, I thought so.
Store of value > Payment processor

>>14269708
21 for the guarantee.

I think you will be fine if you hold for the next decade.

>>14270190
Stage 1

>>14267605
How many exchanges have BSV again? lol

>>14267748
yeah screw peer to peer, middlemen are the future.

>>14267808
your node is worthless dummy. at scale nationstates and corps will be miners. that is plenty decentralized.

>>14270593
Mining is already performed by big data centers in fact. (Mining pool = data center). If you can't scale it at this level, there's no point fantasizing about "nationstates and corps".

>>14268334
>thats the consensus model of your shitcoin. PoS is crap and doesnt work. it rewards the largest holders and leads to collusion. 51% can control the network simply by buying up all the coins.
much more expensive than buying/manufacturing hardware enough to 51% attack a POW chain
you drank too much kool-aid, man.

make 3 blocks like this one after another and see what will happened, not just one that's too easy

>>14269891
if you want to mine and make the big bucks you are gonna need good hardware and a good connection. crippling the network for raspis and old hardware is and has always been retarded. survival of the fittest.

>>14270700
Mining pools already have good hardware and a good connection, dolt

>>14270728
so whats your point? your raspberry pi dropping off the network is a good thing dingus.

>>14270070
That is literally how Bitcoin was designed. Satoshi told us this 9 years ago in no uncertain terms.

PROFESSIONAL SERVER FARMS IS THE INTENDED CONFIGURATION FOR BITCOIN AT SCALE

>>14270752
No one is talking about raspberries. Even data centers are still using the common internet infrastructure. Good luck expecting them to synchronize multi-gigabyte blocks across the globe. You'd need a dedicated channel for that, something like VoIP, not the internet. Last time when BSV had a dangerous 6-block reorg and the whole network halted for 1.5 hours, it were not raspberries who caused it. Everything was mined in data centers.

>>14270775
Professional server farms are already the case and they're called mining pools

>>14269891
>distributing
>every node
you core keks still dont get it do ya? still havent listened to one word craig said.

DATACENTERS nigger.

>>14270875
Already the case, fag. Solo miners died out like out 5 years ago, it's all mining pools now. Doesn't help.

>>14270898
>pools
oh lord. you cant be this dumb.
there aint gonna be anymore pools you dense fuck. no more nothing. it will be ran in a datacenter and it will be centralized. no more consensus no more democracy. no more bucketshops.

>>14267624
Proof of burn

>>14270875
>imagine writing 14k transactions into your mysql database in a datacenter and thinking this has real world implications
ratio is getting pushed down everyday calvin. its humorous watching you piss away your gambling money in real time.

>>14270935
There will always be pools faggot. We had 60tb ssd's since 2016. Wake the fuck up SJW

>>14271010
imagine not knowing what a binary file is and how it works.

>>14271032
lol enjoy your lawsuit and bankruptcy.

>>14267605
are either of them private/fungible? no?
WHO CARES YOU FUCKING SLAVE
monero already has: dynamic blocks, pruning, a median-fee of $ 0.0034, and default, protocol-level privacy.
you're fucking retarded if you're not buying. enjoy your IRS-coin.

>>14267605
if you think this can remain secure, you're completely retarded

look up network propagation and how it affects the probability of fork sometimes also refer to as uncle rate

this shit will not work, that's a fact

I think Creg is an outright scammer, but can someone explain this to me:

>Core and ETH for instance hate big blocks
>try to implement extremely convoluted scaling solutions like lightning and PoS+sharding
>can't make shit work

>BSV and BCASH for instance love big blocks
>have instantaneous transactions and limitless scaling

So what's the drawback to having bigger blocks?

>>14271120
look up where satoshi specifically said bitcoin would eventually be centralized and ran in a datacenter. the decentralized beginning and small block size was only meant to bootstrap it into adoption. after adoption all that shit isnt needed anymore.

>>14271052
imagine thinking because your berkleydb scaled on empty transactions using your test rig with 1GB ethernet...that means the same results will happen in truly distributed scenario

>>14271071
I am just a STRAWMAN i dont even have a brain

You can call me based gawd

>>14271171
>truly distributed
Maybe time to stop this “everybody is a node” mantra?
No businesses will care about your raspberry pi basement project incel

>>14271171
>distributed
annnnd here we go again. i swear this cocksucker is completely braindead.

>>14271135
The block chain will grow in a rediculous pace, and at some point hw development can't keep up. So it becomes almost impossible to store the BSV block chain. Gigantic blocmsizes only work as a short term solution

>>14271221
You mean nodes won't be able to keep the entire record?

>>14271104
>enjoy your IRS coin
I'd gladly enjoy my IRS coin if I make millions and pay 20% of that while you're off trading your 100 dollar Moneros for vein draino over the internet.

>>14271193
>everyone will use a crypto where 100% is controlled by nchain inc
guess what the market value of that is?

>>14271221
Google writes 40 petabytes per second, and you are afraid of 1TB per 10 minutes?
Kys, save the humanity from braindead genes

>>14271221
it's also easy to do when you only have 2 or 3 nodes on the testnet, it'll blow up if it ever gets as many nodes as BTC

>>14271227
60tb ssd's available since 2016.
Dont be stupid

>>14271252
You are always connected to 8 closest nodes retard.
Do you even understand how bitcoin network works?

>>14268468
Hi Craig how ya going?

>>14271261
>our wonderful crypto
>100% run by nChain Inc (tm)

Quintessentially Antiguan

>>14271252
>as many nodes as core
i feel like im taking crazy pills now. you guys have to be bots or something.

>>14271166
Corecucks don't even know what the meaning of decentralization is. Do you know what TRUE Bitcoin decentralization is? Billions of people all around the world using it that governments can't ever hope to put everyone in jail for it and they learn to accept it. How do you get billions of people to use it except to make it a fucking usable currency? As it stands, Corecoin is NOT usable for a vast human population.

It's supposed to be digitized money, not the Windows 95 of currency where everyone has to agree and make new software updates every 2-4 years adding in a bunch of bloatware. The property of money is not supposed to change hence why SV's protocol is locked down.

>>14271281
as was intended by satoshi himself.

>>14271261
>>14271221

Did actual Satoshi ever address this?
Did he ever mention anything like "computer storage capacity will grow enough in the future for Bitcoin blocks to keep growing"?

>>14271303
No, he said the smaller blocks the better

>>14267605

It's not hard when there is only one BSV pool.

>>14271342
>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

>>14271247
>>14271261
1tb per 10 minutes? So that 60tb ssd is filled in 10 hours...

>>14271247
Google accumulates data from a multitude of slow, asynchronous user connections. Not quite the same thing as exchanging multi-gigabyte blocks with several nodes on one synchronous, time-bound connection.

>>14271368
Big server farms are already the case. They're called mining pools & mining farms. There are no user nodes anymore.

Still doesn't help.

>>14271398
hah...a company named "nChain" doesnt recognize that a connection is only as strong as its weakest link....does it get anymore pajeet?

>>14271420
>There are no user nodes anymore.
Isn't Electrum for instance a "user node" that doesn't require downloading the entire chain?

There is a reason why professional algo trading and prop trading companies (who exchange financially critical data in real time) use a dedicated channel to the stock exchange, not the internet connection. "Just use a data center LMAO" is clearly not enough in their case.

>>14271395
>the whole world is immediately use bitcoin

It’s going to be gradual and miners can choose to accept the block or not.
And the 1TB block is gonna have a shit ton of transaction rewards. Bigger than the coinbase transaction.

The bigger the blocksize, the jewier the coin.
BLACKBERRY PI

>>14270593
I am really not sure if this post is satirical or not, sure hope it fucking is though.

>>14271298
Satoshi was dumb then. He just made a system that would inevitably become centralised. What’s the point when in 5-10 years time if people haven’t already moved to superior systems, use a crypto that has 2 main validators who are probably friends? Nice censorproof system.

You see, in reality all these ancap ideas never work out. Bitcoin was a cypherpunk/ancap dream, hasn’t worked out very well.

>>14271827
In a sense, Satoshi created all of crypto, regardless of the ticket. The closest thing to Satoshi's vision would be something with reasonable blocks and a strong disposition towards payments, I guess BCH.

>>14271827
Did you finally just learn to stop associating bitcoin with anarcho capitalism? Congratulations you are now apart of the 1%. Now go figure out why the other buzzwords don't mean jack shit.

>>14271303
I already fucking posted it

>>14270775
>>14270775
>>14270775

Fuck I hate you retards who can't even see the answer when it's right in front of you.

>>14271827
It was never an ancap idea, the fucking anarchist fags hijacked it.

>>14268043
came here to say this...ONE is orders of magnitude faster. just be confident in knowing that you got in at $.02 when we're at $1.00...50x bro.

>>14271245
>vein draino
kek

>>14271245
>glances at estimated illicit drug market-cap
>glances at estimated amount of money held offshore
yeah, i'm going to bet on the one thing that is sure to be around: drugs and tax evasion.
bitcoin has no utility by comparison.
monero will make you millions, btc will make you a 2x.

>>14267624
love how you didnt get one straight answer from these faggot fanboys

>>14272965
do we work at nchain?
no
are you a retarded faggot?
yes
here are some straight answers for you

>>14267624
He orally satisfies the gay boys on the staff, which helps greatly with the morale.

>>14267748
BSV has 0conf but not like satoshi intended
also, it's important to add that nobody (marketplace) accepts their 0conf as payment or even their coin

Huge blocks have limits, notably:
CENTRALIZATION
Only big entities can afford a lot of storage space. As BSV grows, eventually miners will need hundreds of terabytes, NSA-tier
Eventually you'll need literally petabytes of data. It also fucks up everything. Mining is ridiculously hard etc, it fucks up scaling in all kinds of ways.

And >KYC wallets
when satoshi made the fucking currency to avoid banks and governments...

>>14274788
Everything you said is false.

Satoshi didn't want to avoid governments. See >>14272320

And mining was always meant to be run by large server farms as the network grows, see >>14270775

You are really just incomprehensibly stupid and should stop talking. Thanks.

>>14274788
He made the currency to fuck banks and governments. Not avoid them.
Imagine whale alert every time your government moves a satoshi

>>14275534
>>14275565
if satoshi was so smart and so great why did he leave the development of btc?

If Kreg really was so smart with a 179IQ why did he need to get all that education? (those 17 degrees). Makes zero sense, BSV BTFO.

>>14267624
he kisses twink chinks

>>14267917
>send faketoshi shitcoin to service with 0 sat fee
>send same coin to yourself with high fee
>???
>profit

>>14267903
?????????????
retard