/biz/ - Business & Finance

[Anonymous No.15909714]

Based

[Anonymous No.15909741]

>>15909714

ironic considering that blockstream is bitcoin's vatican 2.

[Anonymous No.15909742]

>>15909714
so he forked his religion and he forked his crypto?
at least he is consistent.

[Anonymous No.15909757]

>>15909742
bitcoin is backwards compatible retard

[Anonymous No.15909793]

>>15909714
>INTP
imagine believing in a pseudo-scientific test but thinking you are an intellectual.

[Anonymous No.15909804]

>>15909793
he has 7 children and you're a coomer

[Anonymous No.15910001]

>>15909714
i wish he stopped believing in flat earth and 300k blocks

[Anonymous No.15910058]

This guy is unironically based

[Anonymous No.15910757]

pee pee poo poo

[Anonymous No.15911061]

>>15909742
the fork is the one with the shorter chain

[Anonymous No.15911076]

>>15910001
I wish blocks were 250k, just to make you faggots seethe harder
in your mind, paying by check is impossible since it takes mora than a day to compute lol
now go read some Szabo
https://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html

[Anonymous No.15911101]

>>15911061
you can't just call anything bitcoin.
segwit is not bitcoin
daa is not bitcoin

bitcoin returns next feb

[Anonymous No.15911108]

>>15911061
bitcoin is not the longest chain its the longest valid chain

[Anonymous No.15911113]

>>15911101
Cope

[Anonymous No.15911117]

>>15911101
>a malleability fix is not bitcoin!
yes it is lol

[Anonymous No.15911128]

>>15911101
bitcoin is consensus first and foremost
and the consensus is you and your idol are faggots

[Anonymous No.15911158]

>>15911108
correct
that's what I meant, but it's as you said rather

[Anonymous No.15911162]

>>15911113
>>15911117
>>15911128
>We define an electronic coin as a chain of digital signatures.
https://bitcoin.org/bitcoin.pdf

so if you made btc proof of stake would it still be bitcoin?
what about if you increased the supply?

[Anonymous No.15911171]

>>15911162
any of those changes would change the protocol and a fork would happen

[Anonymous No.15911182]

>>15911171
exactly what happened in 2017 and 2018

https://satoshi.nakamotoinstitute.org/posts/bitcointalk/126/

[Anonymous No.15911187]

>>15911158
yes and the longest valid chain is btc under pre 2017vbitcoin ruleset

[Anonymous No.15911212]

>>15911162
you got a wild fantasy theoretically speaking the majority fork of btc is btc

[Anonymous No.15911216]

>>15911182
by what happened, do you mean BTC getting the malleability fix and the left behind nodes turning into bcash?
>>15911187
btc

[Anonymous No.15911217]

>>15909714
based, it's time to make Catholicism great again.

[Anonymous No.15911222]

>>15911216
rofl

[Anonymous No.15911226]

>>15911222
what's so funny

[Anonymous No.15911260]

>>15911212
if you believe the only criteria is the length of the chain you could be led to believe the usd is bitcoin, all you are saying is the characteristics don't matter which is ridiculous.

>>15911216
yes, but the daa perpetuated the two chains as miners didn't have to commit. The daa disappears next feb.

[Anonymous No.15911274]

>>15911061
>fork
FFS can you newfags learn to use this word properly? A chain is not a "fork." A fork is what HAPPENS to a chain, creating two other chains.
Saying shit like "X chain is the fork" outs you as a turbo-brainlet.
>>15911128
>consensus
Yet another retard who cannot use words properly. The word "consensus" is meaningless without further definition. Consensus based on what? Cumulative hashpower? Social Media posts? Define your terms properly or GTFO

[Anonymous No.15911276]

only a mentally ill person would find it necessary to put that in his or her bio

[Anonymous No.15911282]

>>15909714
HAHAHA just another jew worshiping fuckhead.

[Anonymous No.15911284]

>>15911260
you mean EDA ends next feb?

[Anonymous No.15911288]

>>15911276
Bro, if you think that is bad, let me tell you about something called tonal bitcoin...

[Anonymous No.15911296]

>>15911274
cope
you didn't apply the malleability fix and got left behind in the fork

[Anonymous No.15911299]

>>15911284
no the eda was replaced by the daa end of 2017.
bsv goes back to 2016 block difficulty adjustments next feb.

[Anonymous No.15911309]

>>15909714
>Based

No that is not based, If you believe in a semetic religion you are not based.

[Anonymous No.15911311]

>>15911299
to lower the difficulty I suppose? makes sense since Calvin is the only miner

[Anonymous No.15911320]

>>15911309
do you mean semitic?
catholicism isn't semitic since it was created to defy the jewish temple
it's a hard fork ;)

[Anonymous No.15911322]

>>15911296
You're the one coping
Last time I checked there are three chains vying for supremacy, BTC/BCH/BSV. Such a shame that maximalist trash like you have to be so salty about it.

[Anonymous No.15911327]

>>15911320
>walk into catholic church
>mostly jews
>Ok everyone open your bibles
>Catholicism isn't semetic

[Anonymous No.15911336]

>>15911322
I'm not a bitcoin maximalist tho
3 chains? do these chains put together amount to at least 5% of the BTC value?
last I checked bch was at 0.0269 and bsv was at 0.0103
you're telling me that you think there's a fight going on?
lol

[Anonymous No.15911346]

>>15909742
>Nigger shirt
>Nigger shoes
>Nigger jacket
Every time, on time.

[Anonymous No.15911351]

>>15911311
to return the original protocol.
It won't lower the difficulty it will mean miners will have to put there money where their mouth is as gaming the difficultly won't be profitable.

If you think bsv is shit you should be celebrating as you think this will be very dangerous for bsv as the blocks could slow right down if hashrate doesn't start moving over permanently.

but then we have https://www.globenewswire.com/news-release/2019/08/29/1908736/0/en/Squire-Agrees-to-Purchase-Companies-with-Cloud-Computing-Assets-Totaling-Approx-2-982-Petahash-to-Become-One-of-the-World-s-Largest-Public-Blockchain-Computing-Companies.html

[Anonymous No.15911391]

>>15911351
I don't really think anything of BSV or BCH other than it's what bitcoin looks like if it was made by software engineers, trying to bring efficiency to the table rather than decentralization

turns out, scalability for transactions is only worth 2.69% of what decentralization is worth
and that number is approaching 0%
fast

[Anonymous No.15911412]

>>15911391
define decentralization

[Anonymous No.15911518]

>>15911412
no central authority

[Anonymous No.15911534]

>>15911518
bsv is as decentralized as btc by this definition but is not limited.

[Anonymous No.15911564]

>>15911274
>Consensus based on what?
not based on what its consensus about what is bitcoin how it is used defined valued and developed among other things.

[Anonymous No.15911586]

>>15909714
Based and christpilled

[Anonymous No.15911589]

>>15911296
not what happened bch literally forked off by making their ruleset deliverately incompatible with bitcoin

[Anonymous No.15911605]

>>15909714
sedevecantism = baste

[Anonymous No.15911613]

>>15911534
bsv decentralization is dependent on the chain not growing in size fast enough, so that the number of nodes are kept or grown.
A change in protocol becomes increasingly easier the less nodes it has
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
see how steep that curve is?

[Anonymous No.15911616]

>>15911534
bcash and subsequent forks are centralized because they broke bitcoin's compatibility and failed to gain hashrate support

[Anonymous No.15911621]

>>15911586
>t.

[Anonymous No.15911624]

>>15911613
so what you actually meant was decentralization is defined by the number of nodes?
define node

[Anonymous No.15911650]

>>15911624
decentralization is no central authority
bit torrent is decentralized

[Anonymous No.15911658]

>>15911650
>>15911534

[Anonymous No.15911731]

>>15911658
>>15911613

[Anonymous No.15911738]

>>15911731
>>15911624

[Schiff Will Win !!L6zziHG8/KZ No.15911743]

>>15909714
Based, actually makes me want to buy some bitcoin to support this guy

[Anonymous No.15911782]

>>15911738
bitcoin does not have a node problem?
the curve is steep, as I shown you, but it's not approaching any alarming size, which can't be said for BSV

is there anything you don't understand?

[Anonymous No.15911792]

>>15911782
>>15911624

[Anonymous No.15911816]

>>15911792
?
>>15911613

[Anonymous No.15911822]

>>15909714
As I have grown older, I have learned to respect this kind of people

[Anonymous No.15911828]

>>15911816
is decentralized defined by the lack of a central authority or the number of nodes?

[Anonymous No.15911879]

christcvcks are so pathetic

muh imaginary kike is better than yours

kys

[Anonymous No.15911900]

>>15911828
central authority
'number of nodes' is the means to achieve that end
no central authority is the end result, which can be described as decentralized
get it?

[Anonymous No.15911905]

>>15911900
define node

[Anonymous No.15911937]

>>15911828
>>15911900
to give you an exemple, as of today, I can download bitcoin fullnode on two out of three machines I have, my old laptop and my PC. the 250GB chain is too much for my nexus5, but any old laptop has 1TB+ of memory

I had the fullnode before, don't have it anymore
but I can download it right now, takes about 1 day and 16 hours

[Anonymous No.15911945]

>>15911905
https://www.edx.org/course/understanding-blockchain-and-its-implications

[Anonymous No.15911962]

>>15911937
if it cannot do work, it does not contribute to decentralization unless you disagree with pic related >>15911905

a blockchain with 100million non mining nodes and one miner is more centralised than one with two mining nodes and 0 non mining nodes.

bitcoins decentralization comes from the fact that is profitable to secure the network. If one day a competing sha256 coin becomes permanently more profitable than btc btc dies regardless if every human being on earth was running a non mining node

[Anonymous No.15912002]

>>15911962
why is bitcoin profitable to secure?

[Anonymous No.15912038]

>>15912002
because of of transaction fees and the block reward.

btc cannot do more than 7tps and its blockreward is halving.
bsv will have unlimited transaction scale next feb and its blockreward is halving.

[Anonymous No.15912063]

>>15912038
you're a brainlet lol
when did you get interested in bitcoin?

[Anonymous No.15912067]

>>15912063
not an argument

[Anonymous No.15912068]

>>15911962
a fullnode does work
>>15912002
it's always more profitable to secure a PoW blockchain than to attack it

[Anonymous No.15912083]

>>15912068
a mining node does work
a non mining work does not, it has no hashpower.

bitcoin is proof of work not proof of stake

[Anonymous No.15912122]

>>15912083
both do work

[Anonymous No.15912123]

>>15912083
non mining nodes can bootstrap the network in the event of something catastrophic happening
it's essentially the user's vote in the governance model
miners are paid for a service they provide and that's it
there's a money sink to attack the network, and if somehow miners can continue the attack there needs to be non-mining nodes to switch mining algorithms and brick the hardware of security service providers
it's all a game theory and governance model and removing the non-mining node you lose all power to continue the network freely
fuck mainchain tps if you can't maintain the system against attacks it's worthless

[Anonymous No.15912138]

>>15909793
>>thinking you are an intellectual.
>jumpingToConclusions.jpg

[Anonymous No.15912161]

changing the consensus against the user's wishes was an attack
the NYA (S2X) was an attack on the network
the user with their non mining nodes signaled UASF
they were prepared to defend against changes using their non mining nodes
this mechanism is important to bitcoin's decentralization and the reason why bitcoin is worth so much more than any shitcoin out there

[Anonymous No.15912163]

just remember that the edx courses are free (most of them I guess)
that linux foundation blockchain course is fast and easy, if you are having questions about bitcoin or whatever the fuck, like our friend /SBabwYi, you can head over there and take the course anytime

[Anonymous No.15912176]

if users don't have nodes
the system is lost to the miners and banks to any rule changes that may come in the future
bcash is cucked and you're too stupid see it

[Anonymous No.15912201]

>>15911391
2.71% now

[Anonymous No.15912205]

>>15912122
what you call a fullnode has no hashpower it does not contribute to proof of work. A chain with no mining nodes and a trillion fullnodes will not mine a single block, will have no utility and no value.

>>15912123
>it's essentially the user's vote in the governance model
bitcoins consensus is proof of work, a non mining node has no ability to do work it has zero role in the governance model.

two competing sha256 coins identical in characteristics besides transaction capacity, the one with more transaction capacity wins every time as it inevitably becomes more profitable to mine

>>15912161
>nya
this was decided by miners. Every single non mining node could be against miners and the miners have full control because they have proof of work

>>15912163
why don't you read this Bitcoin: A peer to peer electronic cash system https://bitcoin.org/bitcoin.pdf

>>15912176
there is no action non mining nodes can take to change what miners do because they non mining nodes do not have the ability to do work and bitcoin is proof of work

[Anonymous No.15912232]

>>15912205
the only reason why bitcoin is valuable is because of the community
the miners don't make bitcoin worth anything you fucking moron
if the miners decide they get 100000 BTC per block they could do that does that mean they win the 256 chain?
I really can't believe people like you exist

[Anonymous No.15912239]

>>15912176
even if you believe the system should maintain some ratio of non mining nodes to mining nodes justify a 1mb block limit

define blocklimit as a a function of non mining nodes to mining nodes in a way that justifies a 1mb cap

[Anonymous No.15912252]

>>15912239
the smaller the block limit the cheaper it is for a node to sync to the network
cheaper nodes means more nodes means bitcoin's network is stronger and more decentralized

[Anonymous No.15912260]

>>15912252
so you would advocate for a smaller block limit than 1mb?

[Anonymous No.15912268]

>>15912260
I don't think a proposal like that would pass
things are fine right now

when you talk about changing the protocol it's a long difficult process, and I don't believe a smaller blocksize would create enough of a benefit to justify that fight

[Anonymous No.15912277]

>>15912268
so if I wanted to decrease the blocksize on btc to 300kb how many non mining nodes would I need to buy to make that change?

[Anonymous No.15912293]

>>15912260
bandwidth and computers are getting faster and cheaper so this will make a node more available to the average person
segwit opened the blocksize to like 4mb blocks if transactions are written optimally into the mempool
so both of these factors keep things even and bitcoin only did a softfork and kept everything backwards compatible
it was the least controversial change I can image happening

[Anonymous No.15912302]

>>15912277
you would need community consensus
if nobody in the community wanted to jump onto your hardfork it wouldn't it wouldn't matter how many nodes you sync
you'd have no economic activity and no incentive for miners
nodes is a representative of a user keeping the chain honest, if you buy 1000 nodes it's only worth 1 because it's still you with the same economic impact

[Anonymous No.15912321]

>>15912302
>if you buy 1000 nodes it's only worth 1 because it's still you with the same economic impact
>>15912252

[Anonymous No.15912345]

>>15911336
Somebody gonna tell him that the banks took over BTC?

[Anonymous No.15912354]

>>15912321
should only coinbase run a node for 100,000 users
or should 100,000 users run their own node
both produce the same economic activity
which is more decentralized and secure?

[Anonymous No.15912366]

>>15912354
>Proof of economic activity
God I love it

[Anonymous No.15912374]

>>15912366
you don't get it
can't believe I've wasted time responding to you

[Anonymous No.15912390]

>>15912374

[Anonymous No.15912412]

>>15909742
>>15909793
>>15910001
>>15911101
>>15911108
Oof sad to see faggots this delusional honestly.

[Anonymous No.15912814]

>>15909714
so he is catholic but doesn't into the vatican, doesnt that make him nu-age?

[Anonymous No.15912849]

>>15912814
no that makes him a heretic.

[Anonymous No.15913026]

These threads are 90% disinfo language games by core cuck communists.

[Anonymous No.15913084]

Forkdelta udoo

[Anonymous No.15913092]

>>15911061
its not the length of chain what counts, but the cumulative difficulty.

[Anonymous No.15914080]

>>15909714

https://coinbase.com/
earn/xlm/
invite/4qr8m769

please use my links I need to pay rent this month!!!

here is a nice pic