/biz/ - Business & Finance

>>14308270
They are either retarded or larping or shilling their favorite shitcoin. Don't worry about it.

>>14308270
>20 cents
lmao BSV does a fraction of a cent and lets talk fees again when BTC moons again. it was $50 bucks during the last bullrun. corecucks on suicide watch BSV is taking over you faggots

>>14308283

No fucking pajeet. I literally payed the minimum transaction that you can pay in any bitcoin chain (1 sat/byte), so even if I used your pajeet chain it would have been costed the same. What we are talking about is that it got confirmed in one block, something that you would never believe.

>>14308283
In the early years of bitcoin, it was obscure and unvaluable. Demand was so tiny you could send any amount for free. There was no real congestion, so software didn’t handle it, nor did business plans: gambling service Satoshidice famously sent a 1-satoshi payment to losing bets, using the infinite-capacity blockchain as a signaling layer. It was all free money.

Bitcoin was a new, barely-understood technology. It was hard enough to comprehend the interactions of its constituent parts, let alone extrapolate to what this would mean in future. Several factors made this worse:

1. The pseudonymity and lack of central authority was deeply attractive to scammers, who became pervasive enough to make the permeation of real information extremely difficult and also lead to widespread distrust.

2. The success of the system brought others who tried to replicate it (often with the main goal of simply generating money) and almost always with minimal understanding of the system.[1]

3. The early adopters had not only the normal tribalism of an emerging clique, but a concrete financial self-interest in adoption. The resulting boosterism meant it was extremely difficult for any awkward facts to permeate the wider ecosystem.

The result there was surprisingly low awareness that this phase of “free money” was not the natural state of bitcoin. The developers were aware, so added some configurable settings in the reference client to minimize the worst abuses. These rules did not change bitcoin, just the default behavior: they added a minimum fee[2], stopped relaying tiny payments[3], and enhanced the scripting language to reduce the size taken up by unspent outputs[4].

https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

I was pleasantly surprised in discovering that today OP was not a faggot.

>>14308280
saved

>>14308270
>bitcoin works as intended once in a blue moon when nobody else is using it, therefore we don't need scaling
kys retard

>>14308388

> 1 sat/byte confirmed in a block.

kys retard

>>14308414
>1 sat/byte confirmation in 1 block possible 3 out of the last 100 days; will be impossible if any new adoption is achieved
>hehehe good enough for me

>>14308270
BITCORN

>>14308270
>20 cent fees

>>14308517

>>14308492

you can confirm 1 sat/byte transaction in the morning and in the rush hours you can do 3 sat/byte and be just fine, kys nigger.


cant you read? >>14308303 fucking pajeet.

>>14308270
OP we hardly post here and i hope you can see why with all these trash fucking responses and blatant refusal of facts.

>>14308270
T. test

Every single criticism of lightning goes away once bitcoin incorporates sighash noinput. After that no need to be online or use watchtowers at all, and cashies will all mass suicide

>>14308270
>implies that scalability has something to do with transaction fees, not transaction speed.

I thought it was not possible to be this retarded, OP.

How much time did you need to wait for that transaction to come through?