/biz/ - Business & Finance

>>9739961
>one metric is exhausted in the BTC architecture
>increase that metric 32x
>see, problem solved!!!1

in the real world, the goalposts were just moved a mile.

>>9739961
>BTC
>the best devs lol

Satoshis scaling ideas are mathematically impossible. He made a bunch of incorrect assumptions about internet speeds and storage scaling at the rate of moores law.

>>9740050
Totally. What kind of absurd black wizardry is it these days to send 2 HD movies over the internet.

>>9740114
I mean you could just read the next paragraph too and see he was absolutely spot on, but yeah.

>>9740114
The upload requirements are much too extreme, you lock out a large percentage of the worlds population if you try to scale that way. They would have to use BTC only through centralized providers at which point its basically ripple but you're giving chinese miners billions for nothing. Proposed BTC scaling options deserve criticism but bcash is an outright attempt by bitmain to scam people. What they are up to is far worse than what people accuse blockstream of.

>>9740129
Satoshi was absolutely spot on? Yes, I know.
Luke-jr is just a laughing stock though. He has gone completely off the deep end as his narrative around full nodes collapses in on itself and he has to keep rewriting pieces to keep it consistent. SPV is insecure because it relies on miners for validity signalling, not nodes. And miners are only used for the ordering of transactions so that can't be allowed. And Satoshi's scaling is impossible because then poor hicks couldn't run full nodes on their raspberry pi in the middle of nowhere on a free to air satellite link alone. Which also means they would have no way of knowing what's a valid block, etc etc etc.
You can see how he contorts everything so his dogma stays consistent, rather than updating his perspective to match actual reality and accept that he's wrong.
It's a fascinating psychological study desu.

>ignoring the problems
There are no problems with scaling. Unless an incompetent dev team comes along. Not to mention the Lightning Network is NOTHING BUT problems.

Bitcoin has been infiltrated. Just based on this tweet alone Luke should be removed from the development team. It should be clear by now that the goal of the Core team is sabotage.

>>9740174
Trust the party that invested billions in the creation maintenence and propagation of the system, to which membership is completely open and absolutely permissionless, who have every incentive in the world to act as stewards and none to act as saboteurs, or trust the party who have demonstrably actually acted as saboteurs in actual practice, who are a tiny political committee to which entry is strictly restricted based on adherence to unquestionable dogma, and are desperately trying to rewrite the narrative in order that their fraud is not exposed for what it is.

Yeah. Super hard choice there shlomo.

>>9740204
Jihan is a much better business person than cashlets. The high IQ chink with degrees in economics and psychology will definitely manage to help himself to all the cashlets money making them pay dearly before moving on.

>>9739961
The more I think about this tweet the more pissed off i get. He literally said "impossible". IMPOSSIBLE! Holy fuck, this guy is either a complete fucking retard or he's been completely bought off by Blockstream. Maybe both. The really unfortunate thing is that all the retarded faggot on Twitter will eat this shit up. They'll get amped up and start typing BCASH a few more times and pretend like they understand what's going on

>People unironically think you should be running a non mining node

>>9740174
>BTC scaling options deserve criticism but bcash is an outright attempt by bitmain to scam people

You fucking idiot. You do realize that BCH is the original Bitcoin chain, with blocks increased to 32MB, WHICH IS THE ORIGINAL BLOCKSIZE?? How is literally the original Bitcoin chain a scam? Are you saying BTC was a scam UNTIL segwit? And now Segwit makes it NOT A SCAM ANYMORE??? You fucking jackass, I'm so sick of you retarded fucks talking out of you ass. KYS bitch

>>9740272
BCH is not the original chain, it hard forked off prior to segwit, is not compatible with the BTC chain due to changes to blocksize, difficulty adjustment mechanisms and various other alterations. Why do cashlets lie so much? Isn't it embarrassing or something?

>>9740244
he already premined 100k bcash and the cashlets dont even give a single shit

>>9740272
this cashlet has no clue the blocks were unlimited until satoshi put in the 1mb limit and told nobody
satoshi is not infallible

>>9740244
Yep. He'll totally sabotage the code of the system in plain view with nobody noticing, cash out with nobody noticing, and then light his entire business on fire with nobody noticing. This is a compelling and completely legitimate fear.

>>9740250
Exceeding 13.333 kbps is literally impossible. No technology in the world could do this. We're pushing her as hard as she can go Cap'n, any harder and she's gonna explode!
Corecucks actually believe this shit.

>>9740311
>>9740300
jr wrote a bip to increase the block size to 31mb and with segwit that would be much bigger...

>>9740289
I'll explain slowly since your obviously retarded. Up until the fork the BCH and BTC chains are identical. BCH made some changes to the code and BTC made some changes. How does that make BCH a scam and not BTC? If you say hashpower you're even dumber than i thought.

The changes made by BTC were more drastic and takes it further away from what's described in the white paper. So again, how is literally the original Bitcoin chain a scam?

>>9740324
Turns out that's impossible tho.

If BCH is a scam than at least one of the following statements about Bitcoin must be true:

1. Bitcoin was a scam before implementing Segwit. Segwit makes it not a scam anymore
2. Bitcoin was a scam when the network had less hashing power
3. Adjusting the blocksize or difficulty of Bitcoin makes it a scam

Which one is it Corecucks?

>>9740354
perhaps you misunderstood.

>>9740351
segwit is a soft fork you dumb faggot.
that means its backwards compatible and by definition less drastic.
not to mention the whitepaper says the real bitcoin the longest chain with the most work done.

>>9740411
Bitcoin is a scam until a realistic PoW solution is found, it died when chinese miners seized the network and devs sat around doing nothing. It's no longer trustless or permissionless in its current form.

>>9740431
Perhaps you misunderstand.

>>9740431

oh so what the whitepaper says is important then? cause corecucks like JR say it is outdated and doesn't matter.

Or maybe it is just important when it suits you

>>9740411
>its not scam

>>9740431
I never said BCH is "the real Bitcoin". I said it's the original chain, up until the fork. I'm arguing that BCH isn't "a scam" as claimed by Corecucked faggots that think they know what they are talking about, but can't properly follow the conversation, like yourself.

>>9740481
It's not the original chain, BTC has not hardforked since satoshi last did it. You can use old BTC software from years ago and it will still work. BCH requires separate software and runs on a separate chain. By all accepted terminology in software development bcash is a separate software fork and chain. Anyone claiming BCH is the original is factually incorrect, I'm unsure why anyone would even care to lie about it, ultimately it means little, the only obvious use is attempting to scam unsuspecting people who know little about crypto.

>>9740444
its almost like you are actually retarded
probably just a chink tho

>>9740456
lol it never ends with you cunts
you faggots are constantly claiming the whitepaper as why bcash is the real bitcoin, when it clearly says it is not.
you fuckers are delusional.

>>9740481
they fucking changed the difficulty adjustment algorithm and mined 100 fucking thousand extra coins.
whoops no big deal our bad bros.
its a scam.

>>9740431

>taking it out of context

it's talking about a malicious attack on the network where you "abduct" the chain and prevent other from validating. If you knew anything about bitcoin its talking about the flaw that makes a 51% attack possible. youre taking the words "longest chain" and making them apply to a completely unrelated situation.

If you cared about the white paper, what you'd be quoting is:

>Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution

lightning as a settlement layer would end up going through financial institutions. hence, not in the spirit of bitcoin.

Proof 0xBTC wins. Time to buy it cheap, Bros.

>>9740539
the entire goddamn section is there for you to read.
>The proof-of-work also solves the problem of majority decision making..
not to mention LN would work on bcash too, you fucking dumbass

>>9740537
Not an argument

>he thinks his non-mining node can maintain "consensus"

>>9740574

>>9740611
Checks out.

>>9740622
sure does

>>9740647

Bcore so attached to their name. Probably because they have nothing technical to go on. They're just banking on that first mover advantage so they can drop their bags

>>9740440
vertcoin is trying to maintain a fair mined version of bitcoin

"Satoshi is wrong" when it suits bcash bag holder arguments
"csw is Satoshi and is behind the 'real' bitcoin" when it suits bcash bag holder arguments

yeah nah fuck off cunt

>>9740563
if they wanted lightning they wouldnt have needed bitcoin cash. if they wanted it, they could have it, but they dont. and yeah no fucking shit that the more mining CPUs means that the "majority" decision goes to the longest forked chain, aka whoever mines more blocks can represent a voting system. hes describing a hard fork and how to determine how much support is on either side of it. that has no bearing on merit or identity. keep in mind most people in germany during WW2 supported nazis,

>>9740672
>vertcoin is trying to maintain a fair mined version of bitcoin
Their algo will probably still fall to ASICs sooner or later sadly. Looking at the MTP PoW system zcoin plans to use it could be a step in the right direction. I think problems with PoW won't be solved with algo changes alone though.

>>9740481
>everyone who shits on bcash is a "core cuck"
drooling-mongloid.jpg