/biz/ - Business & Finance

[Anonymous No.16464538]

>bitcoin has no development

[Anonymous No.16464546]

>>16464538
>over engineered garbage
wow nice

[Anonymous No.16464563]

>>16464546

[Anonymous No.16464564]

>>16464538
>Still stuck on 7 transactions per second

WOAH
so this
IS THE POWER
of
Lightning (BTC)

[Anonymous No.16464637]

>>16464538
And hashrate is in a bubble

[Anonymous No.16464652]

sirs, buy mooncoin on obscure overseas exchange, very good coin and fundamentals sirs

[Anonymous No.16464784]

https://www.youtube.com/watch?v=znNnTgsSRqU

[Anonymous No.16464830]

>>16464538
>lightning network

[Anonymous No.16464840]

Bitcoin has been infiltrated and is centralized as anything now

[Anonymous No.16464925]

>>16464840
highest hashrate
most nodes
most distributed worldwide
a friggin satellite

[Anonymous No.16464960]

>>16464538
i heard about rootstock since 2015 kek
they should just move to bsv

[Anonymous No.16464970]

>>16464960
rootstock is merged mined it basically btfo sv while keeping layer 1 bitcoin decentralization

[Anonymous No.16464997]

>>16464538
most of this shit is just hopium and has been 'developed' for years with no end in sight

[Anonymous No.16465001]

>>16464546
>>16464564
>>16464637
>>16464652
>>16464830
>>16464840
>>16464960
>All the forkie's' cope

[Anonymous No.16465011]

>>16464637
you mother is in a bubble

[Anonymous No.16465057]

>>16464784
that was cool as fuck

[Anonymous No.16465344]

>>16464538
>scriptless scripts
U shud read these shitposts before reposting next time

[Anonymous No.16466029]

>>16465344
Scriptless Scripts

Scriptless scripts was born out of necessity when Poelstra was investigating MimbleWimble. MimbleWimble is such a constrained platform that it does not support scripts at all. The entire blockchain functions only on signatures and commitments that represent spendable coins. Without scripts, Poelstra wanted to find a way to introduce rudimentary smart contract functionality.

To have smart contracts using only signatures, we take advantage of signature aggregation within Schnorr. Aggregation is a property we get from Schnorr signatures because they are linear. This means they can be added and subtracted and the result is a valid signature corresponding to the same addition or subtraction of the public keys. This is not the case with the ECDSA signatures that Bitcoin currently uses. With ECDSA, adding and subtracting signatures results in gibberish.

To visualize what’s happening in Schnorr, consider the following (simplified) example:

pubkey1 + pubkey2 + pubkey3 = pubkeyY

signature1 + signature2 + signature3 = signatureY

We attach bitcoin to pubkey Y, which is not a key anyone has access to, but really the summation of pubkeys 1,2, and 3. Signatures from each of the keys 1,2, and 3 can be summed to create a signature for pubkey Y, and the blockchain won’t be any wiser that there was actually three keys involved in creating the signature. It will look just like an ordinary signature from pubkey Y, but the network accepts it as authorizing the spend.

In order to implement smart contracts in this scriptless world, the spending conditions are not enforced by the blockchain, but rather enforced by the parties themselves. Only once the parties within the contract agree that the conditions have been met will they collaborate and sign the finalizing transaction. To the blockchain, it looks like an ordinary signature and only the participants know what’s going on.

[Anonymous No.16466041]

>>16464970

Then why is noone using it?

[Anonymous No.16466058]

>>16464925
>highest hashrate
Which is literally in a bubble

[Anonymous No.16466092]

>>16464925
Space is fake, zen has more nodes, asics are centralized

[Anonymous No.16466094]

>>16466058
how can hashrate be in a bubble lol
if miners aren't profitable they turn off their machines
the hash rate increasing could be from more efficient machines and/or cheaper electricity
this lowers the threshold for bitcoin's price to maintain to justify continuing hashing

there is also a futures market that miners use to lock in their profits for any difficulty period
how could miners be a in a bubble LOL

[Anonymous No.16466275]

>>16466094
the nocoiners and bsv shill can not be reasoned with, so best to ignore them. they literally hate money.

[Anonymous No.16466276]

>>16466094
>if miners aren't profitable they turn off their machines

You're living in fantasy land if you think this is how it works

[Anonymous No.16466339]

>>16466276
He doesn't realize that the hardware lags the software. Unfortunately, he probably won't get it until he feels the pain of hashrate collapse.

I mean look at all the software junkies. They were buying all the way up to December 18th 2017.

[Anonymous No.16466351]

>>16466339
double-digits
loopless

[Anonymous No.16466359]

>>16466339
>He doesn't realize that the hardware lags the software.