/biz/ - Business & Finance

Paging greg maxwell

>>15923024
>entire BSV infrastructure compromised because even their superhero unwriter is too stupid to realize what true p2p means
lmao what a dumpsterfire this shitcoin is

>>15923447
So you agree with ari, nothing will work unless it's made via spv.
Why does aws work then?

>>15923464
i just think its hilarious to watch this shitcoin implode. bsv claims they could onboard millions of users but turns out the entire infrastructure is fucked and theyre too busy infighting to fix their problems. Im enjoying watching this burn to the ground.

>>15923671
it can onboard billions with spv

>>15923681
too bad all the retard devs are too stupid to wrap their heads around it and are building their little third party apps. this will kill all the momentum this shitcoin ever had. they dont even realize they have a problem and top devs like shadders dismiss ari for being "toxic". just like the rest of crypto dismissed CSW lmao oh the irony.

>>15923693
and how come if CSW is satoshi that even his right hand lieutenant shadders doesnt understand SPV? youd figure that satoshi could break it down to his own developers huh. its pretty obvious at this point that craig is a fraud who tricked all these people even gavin andresen admitted that he couldve been bamboozled.

>>15923693
>>15923698
it's early days but yeah would be nice to see more economeering instead of computer engineering.

the scalability problem for non mining nodes is profit, it's not that apps have to use spv.
non p2p bsv apps still can scale but they need to integrate server costs into their business model ie money button, handcash could use aws but they need to pay those server costs and still make a profit.
what would be exciting would be spv apps or apps that use micro transactions to be profitable and by extension scalable

>>15923746
>it's early days but yeah would be nice to see more economeering instead of computer engineering.
this is the same shit that killed bitcoin. moronic dev autists who dont even have a basic level understanding of economics. and if CSW was satoshi then why doesnt he even explain it to his own developers?

its pretty telling btw that Im the only one who even replies ITT. other BSV threads get 100+ answers and all they do is jerk each other off over greg maxwell memes. BSVers dont even understand how fucked their entire ecosystem is right now. Im not even a dev or economist all I have is a basic education from high school. and even I can figure out that the current system of third party apps will never work you already saw twetch and moneybutton breaking down regularly. so what does it tell you about the average BSV user and developer.

>>15923808
It can work though, so it's just an opportunity.
I don't think much of anything like twetch or money button besides what unwriter has done but he hasn't monetised it, so someone could make money by copying what he did and making it so that running a planaria node made you money scaling solved.

your point about craig is contradictory the only reason anyone properly understands spv now is becaue of him and he's patented it for bsv. No one believes bitcoin can scale without spv

>>15923844
is there any alternative source for this video? would like to watch it but streamanity is garbage that wont even let me sign up with email, all they have is fb/twitter which I dont use (another failed bsv app).

>>15923864
it will be put up here eventually https://www.youtube.com/channel/UCEbSUrxk2eFMHEJRoF5V6Cw

>>15923867
cheers

bsv needs to be able to do smaller value transactions for metanet to be feasible.
What is the lowest profitable price for a single api call, its surely micro cents or micro micro cents. Should have unwritters nodes competing with others to service apps, every single action should have a cost paid to the person running the service

So many issues with the whole damn thing. For one, SPV was never meant for "apps", whatever is meant by that. An SPV can't even query arbitrary transactions and look up their OP_RETURN.

No p2p, tough luck.

>>15923900
apps are just a gui on top of transaction types.
everything in bitcoin is just paying to have something put into a block in a certain way.
Transactions can be done through a third party that requires a server or they can be done through spv
https://craigwright.net/blog/bitcoin-blockchain-tech/simplified-payment-verification/

>>15923915
The basic premise of that model is that you have too look up a arbitrary transaction and its OP_RETURN, i.e. to receive the content of a shitpost.

But SPV is exactly for what it's named, simplified payments. You can't possibly query a arbitrary transaction by its txid. So the whole thing is bust.

>>15923932
unwriter has already achieved that

but he did it so that servers do the looking instead of having the miners do what his servers do via transactions spv just lets you verify with trivial resources

>>15923693
>they dont even realize they have a problem and top devs like shadders dismiss ari for being "toxic".
lmao wtf, where can I read about this drama?

>>15924062
https://twitter.com/ari_cryptonized/status/1182223174542381056

There's always some BSV video with a bunch of literally whos excited for a literally what project that literally nobody will use.

I'm sick of being told the dragons will come.
That killer app never fucking happens.

>>15924352
watch from 7 hours 4 min for enterprise adoption https://youtu.be/HfHgMDhISGw

>>15924465
No one?

>>15924465
Who is big from that?

>>15924465
>a "former" SBI exec who now gets paid by calvin ayre
>a literal who CEO
>a literal who consultant
>another literal who CEO called the "fishman"
wow big dogs in the building, massive adoption coming soon bois!!!

>>15923817
Yo re a retard , twetch isn't out of beta yet, the whole ecosystem is 12M old.
And somehow bsv is far ahead of the eos and eth cucks , go figure .
We have more apps , better apps , and better scalability options , you can use SPV/or some of unwriter's toolset.
Now fuck off.

>>15925655
>twetch isn't out of beta yet
and why do you think that is hm? their platform has been slow as shit ever since they rolled out the follow feature which is EXACTLY what we are discussing in this thread. these shitty apps will never scale and they already have massive problems right handling the load on their serves, look at moneybutton for example.
>bsv is far ahead of the eos and eth cucks , go figure
wow way ahead of literal scams that havent done shit. WHAT AN ACCOMPLISHMENT! you are still too retarded to see the writing on the wall, this is exactly the same shit that killed BTC a bunch of economically illiterate devs taking over and messing with the original vision. exactly the same thing happening with all those shitty apps on BSV that use third party APIs right now and you faggots have the nerve to go around and make claims of onboarding billions of users when the infrastructure cant even handle a shitty twitter clone right now great job you retards.

>muh scaleability
terabyte blocks would completely wreck all those shitty BSV apps, moneybutton already went down because they couldnt handle the load and average blocksize is around one mb right now. none of these apps are scaleable and BSVers are jerking themselves off over muh scaleability it would be funny if it wasnt so pathetic.

>>15925913
https://blog.moneybutton.com/2019/07/29/towards-scalable-wallet-infrastructure/

>>15925655
Dude, BSV has a totally different functionality than ETH and EOS, that's the first thing.

Second, you can't use SPV wallets to retrieve arbitrary transaction data - this is technically impossible due to the nature of SPV, hence no P2P apps.

Finally, lots of BSV web services are operated by community volunteers and can be simply DDoSed or abused (and likely will). Bico.media is a prime example.

>>15924465
i watched and dragons are still coming.
even IF anything happens in 3 years it feels like it's too late now, with fake crypto like Libra with 1 million users on day 1 or whatever, why would anybody use anything else

>>15925943
>Bico.media
this is a prime example, the files on bico.media are freely available to everyone. I had been asking BSVers for month how its possible that they are free as somebody still has to pay for the hosting. now its all coming to light that these apps are runs by short-sighted amateurs and cant scale. this should be the #1 topic of discussion among BSVers but here on bizi is the first time I see it discussed at all.

>>15926035
in a bitcoin at scale world content providers would be necessary. the data is available to everybody willing to set up a data center but most would just use a service to look up data (free or not free). it's the exact same today with bico.media but the difference is there aren't several alternative such services like there would be in a bitcoin at scale world. but there could be today if anybody gave a fuck. likewise you can also set up a "data center" today and download and look up the data locally yourself (since the chain is so small today compared to a bitcoin-at-scale world you can just run it on your computer).

so it's not that there's anything wrong with bico.media, it's just a proof of concept. the reason why it's freely available today is because the costs with running such a service is super low when the chain is so small (no lookup cost and bandwidth cost is also small with little usage, just a proof of concept). it would work just fine in a bitcoin-at-scale world where google has a content provider and amazon has one and some other company has one, all competing for your business in looking up data (maybe the first gb is free, maybe there's a limit to how far back you can go for free, etc)

i still feel it's too late tho. everything is just proof-of-concept on real crypto networks and Libra (fake crypto) has become reality.

>>15926619
>i still feel it's too late tho. everything is just proof-of-concept on real crypto networks and Libra (fake crypto) has become reality.
europe is talking about banning libra, but yeah in general I agree with you. there was a window of opportunity and its been squandered by all this bullshit. always gotta keep in mind not only retail investors got burned but also CEOs who shoveled millions into shit like ETH only to realize it doesnt work as advertised and all the promises are hot air. this has done a lot of damage to crypto and killed a lot of goodwill and Im not sure this can ever be repaired again but who knows.

btw this thread is a breath of fresh air with some real discussion happening and not just retarded corecucks and qboomers shitting all over each other.

>>15925748
>Equates the failing of a random beta third party app with failings of the underlying protocol

>MyLittlePony.com is crashing regularly therefore the Internet is failed project

Yikes dude.

>>15923698
Jeez you blockstream shills are out here

>>15923024
>running a planaria node
dude... planaria is autistic bullshit nobody wants open ended contracts.

>>15927222
/biz/ is blockstream shill central. It's basically 90% paid comments here.

>>15927181
>>15927222
>>15927323
and here come the retards. oh well he had a good thread for 40 replies or so, twas bound to end eventually

So BSV accepts fucked up big OP codes. Does BCH do the same?

I'm thinking that a blockchain that deals with nothing but the mandatory transaction data would work with fuck-huge blocks without problem. It would only be for transactions, though, which limits its usefulness, but at least sticks to its guns.

>>15927366
>We astroturfed without opposition for 40 replies, now someone comes and breaks our false narrative building.

GTFO

>>15927366
Your spam in this thread is based on some retards twitter tantrum, you don't even understand what you are talking about and can't even explain to us how the entire infrastructure is fucked. You and Ari are completely retarded and are not even very good trolls.

>>15927777
Wasted.

>>15923746
on sv spv makes no sense. it only makes sense on a sparse block chain. otherwise you don't really win anything compared to a pruning node. not until the utxo set grows insanely huge. but this is not a threat on sv as most of the block size is junk.

>>15923808
>if CSW was satoshi
hahahhaha good one m8

Bitcoin will scale with lightning network. Once that happens we can finally deal a killing blow to BSV.

>>15927834
nah m8 it's moronic to think lightning is a scaling solution. it's retail and micropayment. something that makes bitcoin able to compete with credit cards in a trustless manner. that's all.

but bitcoin is not suitable for everyday money. the supply curve and cost of transactions and accounting regulation are strongly against that. why do you think most people started talking about store of value and settlement layer?

>>15927777
>im too stupid to understand anything ITT so I'll just cope by posting stale craig memes
what a waste of quads

>>15927941
so tell us how the entire protocol is fucked
or are you just going to keep linking us to that faggots twitter?

>>15927967
>>15927967
nobody here even said anything about changing the base protocol you moron. go read the thread and try to understand what is actually being discussed before you start shitting it up. and if ari is such a troll then why did CSW even come onto the metanet stream to address his concerns. just fuck off back to /r/bitcoincashsv or some other retarded echo chamber

>>15927834
LN is built specifically to lose transactions. You need 20-40 years of keeping records for some financual tx. LN doesnt even do 20 days and thats baked in the cake. Its literally the dumbest scaling solution known to man because its illegal to lose tx. It will *never* see wide spread adoption, core cucks know nothing outside how to code garbage new shit.

>>15928070
not lose, forget you turd. also the nodes can keep the record if required by an authority hey just don't need to publish it.

i've been following bsv sort of and it appears that it's primary use is going to be distributing CP that can never be taken down via the bottle browser. no wonder you pieces of shit love this coin so much. fuck you if you support bsv in any way.