/biz/ - Business & Finance

[Anonymous No.10066264]

>"This is an attack on Bitcoin"

[Anonymous No.10066352]

>>10066264
so are you defending blockstream? I don't get it

[Anonymous No.10066356]

>bigger than 1MB blocks will cause centralization

[Anonymous No.10066390]

>don't trust, verify

[Anonymous No.10066405]

>non-mining full node

[Anonymous No.10066422]

>the absolute state of bcashers

[Anonymous No.10066549]

I actually find it fucking unbelievable that so many people seriously think a 100mb block would cause mass centralisation in the year of our lord 2018

[Anonymous No.10066676]

who would build a 2nd layer solution on top of a flawed 1st layer? none of it makes sense.

[Anonymous No.10066733]

>>10066676
Any protocol is flawed. For instance, the protocols the internet is built on. Yet it just werks.

[Anonymous No.10066740]

>>10066549
>100mb
>mb
try terabyte faggot

[Anonymous No.10066964]

>>10066264
to all you faggots thinking that you can actually scale onchain, heres a question:
We know that to pay for a transaction you pay in sats per byte, lets say in some utopic future bcash becomes the main way people pay for shit, like it gets paypal-like amount of transactions.....that would take 1 bcash to at least 1mil$.....which fucking means since you pay your transaction in bch - the fees would still be fucking huge in $...
>b-but we are just going to incvrease the block size eaven more to keep fees low
sure thing retard, how the fuck do you incentivize miners when the block reward becomes very low or stops?

[Anonymous No.10066980]

>>10066264
>bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash was the attack now its dying.

[Anonymous No.10066983]

>>10066676
You use the internet right? Every single layer is fucked up.

[Anonymous No.10067033]

>>10066964
Where did you learn math, pajeet?

[Anonymous No.10067103]

>>10066676
it makes sense when you realize that the whole purpose was to subvert the bitcoin revolution

[Anonymous No.10067163]

>>10067033
ok explain it to me than faggot

[Anonymous No.10067186]

Imagine being the pajeet that's hired to shill bcash in this shithole. Imagine that's literally your life.

[Anonymous No.10067197]

>>10066264
just buy BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH

[Anonymous No.10067209]

>>10067186
ironic

[Anonymous No.10067279]

>>10066676
Why fork into a bigger block size limit when absolutely no one gives a fuck about it? Why fork and increase it again when still no one gives a fuck about it and blocks are smaller than 200kb?

The answer is its a scam and you shills really ought to kys. Think about it: You're pajeets, poor and your job is obnoxious as shit. Think about it.

[Anonymous No.10067289]

>>10067163
Let's say x is the minimal fee (in $) you have to pay to get your transaction confirmed. Our target is to keep x below a certain threshold (maybe 0.01$) and give miners an incentive to mine.
The miner reward (in $) is #TransactionsPerBlock*x. This shows that the miner reward (in BTC) stays the same if the number of transactions increase proportionally compared to the BTC price. If Metcalfe's law holds, the number of transactions should even increase quadratically compared to the BTC price, so we can assume that this strategy will work.
https://en.wikipedia.org/wiki/Metcalfe%27s_law
For example take x = 0.05$, n = 32000 (number of tx per block), p = 2000 (price of 1 BTC), then you get

block reward (in BTC) = (x*n)/p = 0.8BTC

[Anonymous No.10067308]

>>10067289
tl;dr
more transactions = more fees, it's very basic isn't it?

[Anonymous No.10067341]

>>10067289
yes but you need constant exponential growth...what if you get to huge blocks and than the use goes down dramatically because some regulation or some of the other 10000 factors that could make people use it less (eaven for a short amount of time like a few months)......and the price also goes down (its a speculative asset after all).....now miners have empty blocks and cant make money on fees, lets say this is in like 30 years and the block reward is also very very low.....the network would slowly die....

[Anonymous No.10067366]

>>10067341
its like the boomer system where they said: yeah sure lets give ourselves huge pensions when we retire because the economy is going to keep growing forever and new generations are just going to keep making more and more value and the sytstem wont collapse...they were kinda wrong
this is why i think a more conservative a proach is better

[Anonymous No.10067461]

>>10066549
So you're saying you don't know the trade-offs of increasing the block size and you think it's just about storage right?
Even ETH is starting to have problems already.
Can't fucking even sync it unless you have a 1 TB SSD.
https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

[Anonymous No.10067499]

The bcore team all use their BTC to purchase BBC porn

No doubt about it

They all look like they're into fairy and pony shit or whatever the fuck ELF shit who knows

[Anonymous No.10067741]

>I secure the network by running a node on my raspberry pi

[Anonymous No.10067757]

>>10067279
because this fags says it needs it

[Anonymous No.10067939]

>>10067757
>>10067279
You're Pajeets, you don't even have a fucking clue what increasing the blocksize even means - it doesn't mean it's always 32MB, dumbshits!

[Anonymous No.10068001]

r/btc

[Anonymous No.10068063]

>>10066264
Btc is for fags

[Anonymous No.10068372]

LN is hijack attempt by Bilderberg bankers, read the facts!
Big hubs will require KYC compliance, this development is already loud and clear.
You may believe in possibility of getting rich but they will not succeed. People will always prefer economic freedom!

[Anonymous No.10068655]

>>10068372
most stupid comment of the day.jpg

[Anonymous No.10068721]

>>10068655
Please educate me.

[Anonymous No.10068745]

>>10068721
educate you on what?
you just started spouting bullshit. Prove any of the things you fucking said
fucking retard
go to bed and let the adults talk.
holy shit this mentality that every opinion must be right. fuck off.

[Anonymous No.10068936]

>>10067939
Relax Amir, did I touch a nerve?

You know what 100kb sized blocks means? It means nearly no one gives a fuck about your (twice) increased limit, the amount of bcash shilling here and elsewhere is completely disproportionate to the actual use and demand for it.

Also a friendly reminder: as a lower class pajeet no hot western girl will ever really be attracted to you, even if one of your online bamboozles were to turn a profit. People joke about you smelling funny here.

[Anonymous No.10068981]

>>10068745
Wow, you act so mature... Look up Blockstreams investors, thats no secret.
Currently 0.4% of hubs control 51% of the capacity, as many have predicted.
Both parties need to sign tx in LN. You control liquidity by restricting/declining to sign txs or imposing arbitrary limits

[Anonymous No.10068999]

>>10068745
>>10068936
>seething corejeets
0.000122BTC(-0.0001 fee) has been deposited to your account

[Anonymous No.10069019]

>>10068655
>saying .jpg after any and every sentence

It's easy to spot AXA astroturf, they try hard to fit in.

[Anonymous No.10069067]

>>10067279
This. Cashies are retard pajeets.

[Anonymous No.10069078]

>>10069067
t. corejeet sock puppet

[Anonymous No.10069096]

The fun starts next month

[Anonymous No.10069099]

>>10069078
>t. pajeet calling others pajeets.

Bcash is a corporation, Bitcoin isn't.

[Anonymous No.10069122]

>>10069099
>kikestream isn’t a corporation
>BCore is (((open source)))

[Anonymous No.10069303]

>>10069099
Lmao this troll or stupidity.

But I guess you could call an implementation a corporation. As for bitcoin being non-corporate, that's true for the bitcoin cash chain but not the bitcoin core chain.

[Anonymous No.10069330]

>first they ignore you
>then they laugh at you
>then they fight you (we are here)
>then you win