/biz/ - Business & Finance

>>6697718
Nothing about core makes sense.

>>6697718
you have to go back to your coffee pals

Btcoin Cash has shown that increasing block size wasn't an issue. It worked, and fees on BCH are a few cents. Lightning Network is how Blockstream kikes are attempting to take over all BTC transaction processing. Their astroturfing has been so effective that the goys are literally begging them for it

>>6697974

Bitcoin transactions were cheap when no one was using it too

>>6697899
Most of us go there because it's the only place to get bch news. But bringing that shit here makes 0 sense.

>>6698008
Do you absolute dense retard even understand that the number 8 is more than 1?

There is no problem raising capacity by 8, supporting 8 times more transactions for the same price as BTCs 1 capacity.

For BCH to reach the fees of BTC, the price has to be 8x of BTC, and usage has to be 8x. By that time BCH would have 32MB limit.

>>6697974
it's shown that it provided minimal gains in the long run for disproportionate costs, which was exactly what people expected. any alt is cheap and fast when nobody cares about using it, and when people do, the problems with getting txs on the base layer are all exactly the same.

LN may or may not be the best solution, but layers that build on top of the blockchain and get progressively more centralized or less secure for smaller and less significant transactions has been known from the beginning as the only way to acually scale any of this.

the absolutely incorrect way to go about it is to start with a highly centralized and insular base layer blockchain with very few actual users keeping the miners in check, and they attempt to build decentralized layers on top of it, which of course are ultimately as centralized as the base layer.

the peer to peer in peer to peer cash is the most important part of what makes bitcoin bitcoin. it's a shame people who look to satoshi as some kind of infallible figure didn't even understand the main purpose of what he was building.

>>6698008
That's a good one, but I've heard it before. Got any new jokes?

>it's shown that it provided minimal gains in the long run for disproportionate costs,

Completely wrong

>>6697899
What do you care it's a pasta? It's a valid question I never saw any Corecuck answer.

>>6698232
>LN may or may not be the best solution, but layers that build on top of the blockchain and get progressively more centralized or less secure for smaller and less significant transactions has been known from the beginning as the only way to acually scale any of this.
You're avoiding answering the question.

The nice thing about being right is that there's no need to argue. You can literally see your solution in action WORKING, and working better in real time

https://bccblock.info/

The discord pump group that is unstoppable,,

https://discord dot gg/6ddqFHd

You have to monitor your channel periodically to make sure your counter-party didn't try to steal the funds by broadcasting an old channel state where they had more money in the balance than they do currently.

Yes, Lightning is that shitty.

>>6698196
he thinks his blocks won't be filled up any faster lmao. If transactions are super cheap and near free, people are going to be sending alot more transactions just for the hell of it. your blocks will fill up just as fast as bitcoin. you just need the users that don't exist

>>6698525
it just works

>>6699211
hahaha holy shit that is hilarious. hey cashcucks you can get your bcash in 1 minute or 20 minutes, depends on the timing of the blocks being mined. Oh shit eda automatically lowers the difficulty and blocks are being mined every minute. oh look at that the block reward halvening is a year sooner than expected. Oh shit the rewards is now cut in half and it's not worth mining anymore. that's fine just wait for eda to automatically kick in and drop the difficulty, back to one minute block sizes. OH SHIT the reward just got halved again in 6 months, welp gg bcash