/biz/ - Business & Finance

>>11664184
It's the future man

>>11664184
muh lightung netwoork
butt cone maximalist

>>11664191
Still. fucking. nothing. How is this shit ever going to be used by anyone. Better pay for your meals at the restaurant before you eat. That way you only have to wait for one conformation by the time your three course meal is gone.

>>11664207
>not using credit cards

High fees
Reverse adoption
Slow transaction speed
No securty incentives
War is peace
Freedom is slavery
Ignorance is strength

Graft network. Blockchains strength is in immutable, unbiased transaction settlement. Trying to modify it to achieve speed thus far has been a moot point as security or decentralization in every case has been compromised. It's like trying to take your defense line and lighten them up to also be your quarterback. Equally retarded. Visa/MasterCard also doesn't transaction immediately. There's a second layer there, providing real time authorization, to assure the merchant that the money is there and will be processed into their account. This is what graft is doing - using monero code to anonymously process transactions on the blockchain while using a second layer staked supernode network to provide the immediate authorizations, making the relative transaction speed irrevelent.. It's brilliant. They also have working terminal applications with Ingenico and verifone, the two largest terminal manufacturers for current credit card transactions that both you and the merchants already know, use and trust. The videos are on youtube. but it doesn't matter. ive already posted this before and you fools won't listen anyway. You'll continue ejaculating over chink promises of pegged storage and whatever other fucked up buzzword is the flavor of the day. See you on the moon boys. Mainnet RTA network goes live in six days.

>>11664184

>>11664282
How are the nodes performing?

>>11664282
wtf is a graft network
bitcoin is a small world network

without on chain adoption it dies

Blockchains are a scam, they do not scale. Stop using them and go back to fiat.

>>11664282
where to buy?

>>11664184
BTC is not for people who make less than $3 a day

>>11664231
>High fees
>Reverse adoption
>Slow transaction speed
>No securty incentives
>War is peace
>Freedom is slavery
>Ignorance is strength
This post is a kill-shot.

>>11664184
I guarantee that there is nothing you currently use bitcoin for that requires you to spend more than 1sat/byte.

>>11664207
Number of confirmations depend on the level of trust between parties and the value of what you're selling. Most things could probably be sold on zero confirmations because that's how retailers are used to working anyway. When I swipe my credit card they don't get paid for 30 days and I could do a charge back at any time. There's inherently less risk of accepting a zero confirmation btc transaction than a credit card transaction because you have less than 10 minutes to decide to double spend, but can do a charge back months later. The amount of energy you'd have to use to double spend after 1 confirmation is almost certainly more than that transaction is worth.

the true redpilled is realizing the only thing that truly matters is an immutable public ledger. transaction speed and cost who gives a shit.

>>11664349
fucking retard

https://www.graft.network/blog/

Don't know, I mine. Nobody talks about it on forums. And the devs are 10/10 autist so marketing has been nil, and they aren't spending dev funds to pay for listings. Instead they are using the money to incentivize supernode owners to get the RTA network off the ground.

>>11664207
>three course meal
Pleb. Five course meal or bust.

NANO ftw

>>11664406
I think you missed the joke (see his associated pic).
But in all seriousness, for the dumb-shits here, a validating node DOES NOT need to store the entire blockchain, only the UTXO set at the latest blockheight. Why? Because only addresses with balances can actually make transactions. The rest only needs exist for historical and security reasons. If it ever became infeasible to store every transaction ever (it won't), a Blockchain client could simply scale back to store:
>The UTXO Set
>And X Number of Past Blocks
In short, Blockstream utterly fucked you in order to push their Liquid Shit by dangling a carrot (LN) that could never work as touted.

>>11664184
Satoshis shotgun ;)

>>11664291
Is this a real fucking quote?

>>11664399
>money isnt for people who use money

Corecucks will literally never make it.

>>11664449
>Is this a real fucking quote?
yes sir

>>11664477
These mother fuckers are unironically working for Mastercard.

>>11664508
Thing is: I think most people who remain in the BTC camp are there purely as an investment, whereas those who were in BTC early supported it on philosophical grounds.
I imagine most of the latter have moved to BCH or other projects.

>>11664477
Checked. Gonna be a great day when everyone wakes up to the bcore bullshit.

>>11664592
>when everyone wakes up to the bcore bullshit.
The red pilling never ends.

>>11664427
>*reserves
Lol

>>11664592
>>11664571
>>11664477

Its kind of fucked, but the more i read into this shit the more i truly believe CW was right when he said competition breeds improvement... and if you look at how bitcoin was suppose to develop hashwars where simply as to choose what chain is bitcoin. With the current BTC infrastructure refusing to come to concesnus and advance its tech; eventually... in the game theory that is bitcoin, it will be taken over and assimilated into a more efficient chain; Hence making the chain that takes it blocks the "longest" chain- and as satoshi said, the "longest" chain is bitcoin.

Holy fuck.
This all makes sense.

If BCH truly has that "shotgun" software it will definitely be able to slow the BTC system to a crawl using minimal processes on its end, and with the rumor of new style of miner sitting in the dark waiting to be turned on, they might be able to bring alot more hash power then anyone could have thought before. Then dump pump and slug other chains into oblivion...

>>11664477
Charlie Lee's quote is the least autistic. Crypto is still in its infancy and new tech is always expensive at first, but it gets better over time and trickles down.
See: the automobile, electricity, computers, and mobile phones.

>>11664184
Good enough for buying stuff online.

>>11664404
Don't think you understand btc security. The first confirmation takes ages. It might never receive one confirmation. Every subsequent is fairly regular. Above 2 confs it basically doesn't matter unless you literally spent a billion dollars. Zero conf on bitcoin is not secure though because of replace by fee. So basically bitcoin is slow, expensive, and all around shit and that's only going to get worse if it continues to grow.

>>11664207
I use it everday. Btc is in reality pretty fast if you know about it.

>>11664184
if you choose buttcore you choose for shitty slow network with high fees. if you choose lighting you can't use it on your phone and you risk of losing all the value you set up in a channel because its unstable and shitty as fuck, not to mention it can only serve so much clients cause it doesn't serve the routing problem, leading to 10x worse centralisation than "big blocks" ( lmao 32mb max is tiny af )
ever will

you choose the shitcoin, not the bitcoin.
now you pay the price

>>11664650
I don't trust that CW is Satoshi for a second. When he himself moves a Satoshi-coin, maybe. But right now, he seems like an a-grade conman.
I wont disparage everything he says though. He is correct on many things, very incorrect on others.

>>11664184
Blockstream's vision

BTC has been compromised. A new P2P electronic cash system has emerged based on the same concepts I designed Bitcoin around. It takes what we have learned over the years and improves on the original design. This is our best shot at a decentralized future and it should secure our freedom for the next several decades.

Please refer to snowblossom.org and the community there with any questions.

Best regards,
Satoshi Nakamoto

Wasn't segwit supposed to make transactions quicker?

>>11664961
you are probably using too low of a fee and the network is prioritizing better transactions.
>>11665289
>muh fees
Retards have no idea how fees work, fee's are so low right now too. The higher the value and the bigger the size of the other transactions compared to yours in the block determine fees. So your shitcoin with next to no value and small transactions is going to have very small fees.

>>11665502
The customer facing answer is that yes it was. Privately it was intended to prevent real scaling from taking place (i.e. just increasing the blocksize) and served as farce for progress in regards to the LN (coming soon, wink wink nudge nudge. "Also, here's our Liquid Side Chain").

10 sat/vbyte will always get you into the next block
With segwit 10 sat/vbyte is like 7 sat/byte.
https://twitter.com/CoreFeeHelper

>>11664282
The fact retarded corecucks have not absolutely capitulated by now despite it being a year in which lightning was conclusively proven to be a failure even whilst being centralised, and while the majority of btc activity was focused around a fucking etf managed by the state "backed" by bitcoin, and last of all while blockstream rubbed your retarded fucking noses in it by the coup de grace of liquid, and you stupid fucking cunts still don't fucking get it.

You are fucking retarded beyond all measure. You are ignorant obsolete farm equipment that is operating on luck alone. You picked the wrong side of the fucking chain and refuse to accept your error and the incumbent forces of states and central banks and other assorted unproductive psychopathic motherfuckers are the only things propping you up. You will fail, you deserve to fail, and most importantly for the slump to correct you fucking must fail. So just capitulate now and get it the fuck over with. I don't give a shit if you buy the real bitcoin fork, just stop propping up the fucking zombie shitcoin masquerading as Bitcoin that even the most retarded fucking downs syndrome extra chromosome having motherfucker on the planet could identify as a scam by this stage.
Fucking wake up you absolute sad fucks.

>>11665976
>You will fail, you deserve to fail, and most importantly for the slump to correct you fucking must fail.
Well put.

>>11665976
nailed it, these are the words I've been looking for for weeks, needs pasta.

>>11664184
another disingenuous cashie thread

>>11664184
hello Roger

>>11666105
>disingenuous
that's a big word for ignorant obsolete farm equipment

>>11664184

no matter how many paid shills appear here, your inferiority complex will never go away

kys cashies

>>11664184
Got the same.

Currently waiting 30+ minutes for 2 confirmations REEEEEEE

Bullrun confied. Grab your pussies

>>11667062

>>11664404
>nothing requires you to spend more than 1sat/byte.
idk man, waiting more than 1 hour for my porn is pretty painful