Is this space completely hopeless?

[Anonymous No.13420450]

There STILL are people to this day that believe a full node is something you run on a raspberry pi. These same people actually believe their raspberry pi helps to decentralize the network.

These idiots don't realize I could run one of these nodes with a two gigabyte blocksize Bitcoin in my RAM because they've literally never read the whitepaper.

[Anonymous [O1G] No.13420505]

>>13420450
2 gig blocks would not propagate well (ie it would take over 10 minutes to saturate the network by the time an other block or two may be found) and still would fail to bring you visa levels of tx count. blocks should only grow with the underlying infrastructure.

[Anonymous No.13420524]

>>13420505
I think you may be a bit retarded. Have you considered spending your time on something other than spamming /biz/ with the same statements I can find on my toilet paper after wiping my ass?

[Anonymous [O1G] No.13420532]

>>13420524
if you stop i stop i never made a thread about this bullshit i make threads about how to secure your bitcoin and stuff like twice a year.

[Anonymous No.13420552]

>>13420450
core cucks are beyond salvation
it is time to boycott btc

[Anonymous No.13420570]

>>13420532
You just can't stop the BitCoin train. Do you not realise it's the invention of the millennium? It will forever change the world. Much more than your tiny hungarian brain can fathom

[Anonymous No.13420580]

>>13420570

[Anonymous No.13420585]

>>13420505
>what is fiber optic and 5G
>implying anyone but a miner needs these upgrades
>implying the node I'm running out of my RAM does the same thing as a full node (see miners)
>implying something I'm running out of RAM could store this
>implying a node that verifies (not validates) needs anything more than block headers
>implying you've read the whitepaper

[Anonymous [O1G] No.13420593]

>>13420570
sv is not bitcoin nor it ever will be pajeet

[Anonymous No.13420594]

>>13420570
Based

>>13420585
and redpilled

[Anonymous No.13420595]

>>13420450
This image is what I kept seeing on /g/ in the early 2010s.
Why didn't I get more engaged, /biz/? Why didn't I at least test out my new graphics card by mining some?
I could've had my grandmother taken care of like the queen she was in the last years of her life.

[Anonymous No.13420601]

>>13420595
We all make mistakes, anon.

[Anonymous [O1G] No.13420609]

>>13420585
cashies dont get what bitcoin is thats why they post this stupid shit. the health of the network and its ability to stop blocks that break the rules from propagating is important in the miners dilemma.

[Anonymous No.13420620]

>>13420609
post like that makes me really wanna buy BCH
maybe I should get me the 21 life insurance

[Anonymous [O1G] No.13420625]

>>13420585
and thats what i said btw if network speed and atorage sizes increase 10 fold you can probably increase the block size too 10 fold. sv is just going full retard cash is miles saner.

[Anonymous [O1G] No.13420630]

>>13420620
go ahead i wouldnt reward those cucks for defecting and doing the one thing they should not have done (a minority hardfork) but do whatever you want. one day maybe you understand that bitcoin is consensus even when you dont like it.

[Magic No.13420638]

>>13420450
In the last BTC analysis, I showed how the first 2015 golden cross happened exactly at the high of the move, causing BTC to retrace all the way to the 61.8 retrace. As you can see, we rallied up to the weekly 50 MA (in black) and pierced above it. However, BTC has now pulled back below the weekly 50 MA. It will be interesting to see where this candle closes. I am expecting it to close below the black moving average. From there, I am expecting to see price create a head and shoudlers pattern. You can see that we have what looks like half of a head and shoulders pattern right now, with a possible left shoulder, leading in to what could be the head. So, we did get the golden cross, and we did get the spike up like we saw in 2015. Now, we need to see if price will ultimately return to the downside here. Personally, I'm expecting BTC to return to at least the 4200 range, and possibly even lower.

The upside is now becoming more and more limited, while the indicators are flashing sell signals, and showing signs of exhaustion. I really doubt that there is much upside left, if any at all. We've rallied 80% from the low, and we are becoming increasingly due for a pullback in the coming weeks. In 2015, Bitcoin rallied 93% from the low to the high that pierced the hit the weekly 50 MA. So, this rally has been similar in percentage terms, and nearly identical in it's movement. So, until we see a major deviation, there is no reason to believe that price won't continue to follow the same general movement patterns that we saw in 2015.

Remember, it took months and months of testing for BTC to break down below the 6000 area. It is extrememly unlikely that BTC would be able to surpass it without some potentially big failures on the way back up.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

[Anonymous No.13420641]

>>13420609
Imagine watching sportsball on tv and thinking you are basically a referee. The absolute state of you nodefaggots.

>>13420625
>he thinks these upgrades prohibit miners from entering the market

and I thought it was the multi million dollar mining equipment. The more you know I suppose.

>>13420630
Enjoy BTC never getting consensus to hardfork a larger blocksize because the controlling hashpower has a vested interest in not doing it, because that fork already exists. Even right now without rededicating hashpower to BTC from BCH or SV it would be blocked.

[Anonymous [O1G] No.13420654]

>>13420641
never said anything about miners equipment
>Enjoy BTC never getting consensus to hardfork
it will when it needs to

[Anonymous No.13420665]

>>13420654
>it will when it needs to
Its needed to for like 3-4 years and it won't for reasons I already laid out.

[Anonymous [O1G] No.13420676]

>>13420641
>Imagine watching sportsball on tv and thinking you are basically a referee.
told you you dont understand full nodes are like broadcast channels and newspaper a foul or rigged match they refuse to broadcast will never reach the viewers in a way it never happend to them.

[Anonymous [O1G] No.13420686]

>>13420665
we will see nobody involved in bitcoin wants its demise despite the tinfoil hat conspiracy theories

[Anonymous No.13420737]

>>13420676
>full nodes
You're still not talking about miners are you? jfc man. Your raspberry pi node has no say what gets onto the block, it has no ability whatsoever to enforce consensus rules.

>>13420686
Getting transactions off the blockchain and into a banking layer would say otherwise. If you're wholly dependent on a second layer, you aren't using bitcoin.

[Anonymous [O1G] No.13420755]

>>13420737
>it has no ability whatsoever to enforce consensus rules
of course it has its part of the collective that decides what is real or not invalid blocks get ignored by full validating nodes and not propagated you could spam the network all day long with invalid blocks nothing would happen.

[Anonymous No.13420796]

>>13420755
Yeah, so to reiterate they do nothing to secure or validate the network. The absolute most you can do with one is verify a transaction to check for fraud or post on Twitter about it.

None of this requires high speed internet or excessive storage. The whole debate over these things helping secure the network is a lie as is the required hardware to run them.

[Anonymous [O1G] No.13420896]

>>13420796
>they do nothing to secure or validate the network
only in the shriveled cashie mind that is true
i explained to you a few times already that network propagation is very important for bitcoin and full nodes are the main workhorse for that. what blocks they propagate contains what transactions happened for everyone on this planet. even miners wouldn't know about an invalid block one their own found if it's not propagated.

[Anonymous No.13420908]

>>13420896
Honest question: Did you actually read the whitepaper, and if you did, do you actually comprehend what it conveys?

[Anonymous [O1G] No.13420912]

>>13420908
a few times yes don't worry terminology got refined a bit since than but it's still pretty simple.

[Anonymous No.13420919]

>>13420912
But you do understand why I ask?

[Anonymous No.13420926]

>>13420896
For the love of god please read:

chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/https://bitcoin.org/bitcoin.pdf

[Anonymous [O1G] No.13420939]

>>13420919
>>13420926
don't worry guys i'm sure one day you will get it.

[Anonymous No.13420949]

>>13420939
>I'm just pretending I'm not completely btfo

[Anonymous No.13420967]

>>13420949
fuck you you idiot

[Anonymous [O1G] No.13420969]

>>13420926
it's always on my desktop nigga

[Anonymous No.13420971]

>>13420939
This is just sad to watch

[Anonymous No.13421017]

>>13420969
Weird flex, but okay. Could you point me to the section where it states that non-full nodes validate the blockchain?

[Anonymous [O1G] No.13421094]

>>13421017
in the whitepaper nodes are actually the analogue of miners. which is not true since 2010. terminology evolved bitcoin evolved the entire world has changed and the theory of bitcoin operation naturally evolved also since the whitepaper. if you literally try to force the sentences in the whitepaper to today's terminology they will often make no sense.

[Anonymous No.13421106]

>>13421094
>nodes are actually the analogue of miners
Finally you have started to learn something

>which is not true since 2010
oh never mind. Can't teach a retarded dog new tricks I guess

[Anonymous [O1G] No.13421117]

>>13421106
in a p2p network every piece off software running is a node that participates in the propagation of information and network operation. that is why we call miners miners and nodes nodes to avoid confusion. now obviously miners (pools really) are also running nodes.

[Anonymous No.13421120]

>>13421117
mining nodes are peers
you are a seeder, you are not equal to a miner
you are a cockroach

[Anonymous No.13421122]

>>13421094
Actually Satoshi differentiates between a full node (miner) and one that isn't. How about you read the fucking whitepaper and stop trying to find excuses for BTC being a shitcoin with artificial limits to force people on a banking layer.

>8.Simplified Payment Verification It is possible to verify payments without running a full network node. A user only needs to keep a copy of the block headers of the longest proof-of-work chain

[Anonymous No.13421131]

>>13421117
Please read the whitepaper over and over till you understand it, before you open your foul smelling mouth pretending you know how bitcoin works

[Anonymous No.13421133]

>>13421122
>inb4 this namefag doesn't know the difference between verify and validate

[Anonymous No.13421136]

>>13421133
omfg nvm...

>>13421076

[Anonymous No.13421140]

>>13421133
>>inb4 this namefag doesn't know the difference between verify and validate
I think that's his main problem. Besides being mentally dull of course

[Anonymous No.13421148]

>>13421136
looooool. This is just priceless

[Anonymous No.13421155]

bitcoin is stupid as fuck and it will end up being the Pets.com of the crypto bubble.

[Anonymous [O1G] No.13421161]

>>13421136
that's not hard nigga
verify is when you just check the hash
validating is when you check the content to adhere to the rules

[Anonymous No.13421184]

>>13421161
>that's not hard nigga
According to you mining doesn't validate transactions, but your raspberry pi does and in PoW everyone can validate a block. This is obviously very difficult for you.

[Anonymous No.13421198]

everyone can check if the proposed new block hash the valid solution to the previous hash, a phone can do it in 1ms

only miners nodes participate in the consensus, everyone else just drinks their cum

[Anonymous [O1G] No.13421205]

>>13421184
i never said miners don't validate transactions but if we wanted a trusted cartel to run things for us we could have stayed with the banks. miners are not to be trusted ever, at best case it would make them sloppy.

[Anonymous No.13421206]

>>13420896
>An invalid block? Well, I won't be propagating that! That'll show em.
Could you explain how that's different from not propagating blocks by just not running a node at all?

[Anonymous [O1G] No.13421215]

>>13421198
>only miners nodes participate in the consensus
this is what cashies think i know, but miners are as much hostages to consensus as everyone else. if 51% of the miners would defect and stop enforcing segwit rules say. the remaining 49% would have no choice but to follow them, except since the 51%s blocks are not propagating to the network the 49% is incentivized to ignore them.

[Anonymous [O1G] No.13421221]

>>13421206
it's different because you do propagate valid blocks and 70000 other nodes do the same.

[Anonymous No.13421230]

>>13421205
>I don't understand incentives the post

Yet again a non-mining node is powerless to do anything about miners breaking the rules, aside from posting on Twitter about it and yet again even if this argument was valid the fake and gay node you're running that you think validates transactions (it doesn't) only needs to keep a copy of block headers.

[Anonymous [O1G] No.13421240]

>>13421230
cashie delusion the post

[Anonymous No.13421242]

>>13421221
Your rasperry pi hobby node is not fast enough to have a say. Before you have even had the time to downoad the block, the grown up miners have already validated it and started mining the next block.

Dude, why don't just read the whitepaper and leave us alone. This is getting really tiresome

[Anonymous No.13421247]

>>13421221
it does not matter you fucking brainded imbecile
those 70k nodes are just seeder
the miners produce and no one else
the miner decides what to include in a block

[Anonymous [O1G] No.13421249]

>>13421230
and no you need to keep a few blocks in full you can trim most of the blockchain but then you can't help new nodes sync anymore. even if you trim and run a full node it takes away from the security and robustness of the network. this is one thing i'm very unsatisfied with in core though.

[Anonymous No.13421258]

>>13421249
You are stupid, that's all you need to know. Please shut up, and gtfo. You are a fucking spammer

[Anonymous [O1G] No.13421264]

>>13421242
cashie delusion the post
also having no clue how p2p networks operate
>those 70k nodes are just seeder
>the miners produce and no one else
>the miner decides what to include in a block
miners decide what to include in their block the nodes decide what to propagate. a miner would waste time and effort to mine a block that doesn't propagate just for himself.

[Anonymous [O1G] No.13421269]

>>13421258
i see you realized you lost the fucking debate and switched to damage control. good.

[Anonymous No.13421277]

>>13421249
>you need to keep a few blocks in full
>A user only needs to keep a copy of the block headers of the longest proof-of-work chain

How long do we need to keep saying this. You DO NOT propagate blocks if you're not a fucking miner.

[Anonymous No.13421281]

>>13421264
miners propagate. If you are not propagating, you are not a miner. If you are not a miner you are not a node.

Is it really that hard for you to understand? I have never seen anything like it (you).

[Anonymous [O1G] No.13421293]

>>13421281
>miners propagate.
miners are just a handful of nodes literal drops in a sea of nodes
>If you are not a miner you are not a node.
like i said not since 2010

[Anonymous No.13421300]

>>13421293
helloooooooo
those 15 miner nodes are all that the BTC chain is
without them your node can't do shit

[Anonymous No.13421305]

>>13421293
Why even have miners, amirite?

[Anonymous No.13421306]

>>13421293
>like i said not since 2010
Do you really think you have a say in how bitcoin works? Read the whitepaper and you might undestand how stupid you sound to others

[Anonymous No.13421313]

>>13421293
>miners are just a handful of nodes
And they'd make sure they're directly connected to make sure their blocks don't get orphaned. This also means they don't give a single fuck whether your raspberry pi is propagating or not.

[Anonymous No.13421429]

>>13420552
>it is time to boycott btc
Its you newfags fault you hate BTC so much! you bitch about manipulation but don't buy any BTC, keep being pawns to only crypto that matters!

Just let your scam coins die, its the only way crypto can recover.

[Anonymous No.13421502]

Btc is shitty old tech.
It's like running Windows 98 in 2019.
Time to die!

[Anonymous No.13421511]

>>13421429
fuck BTC and fuck YOU

[Anonymous No.13421548]

Btc has become a centralized shitcoin like almost all the other centralized shitcoins.
Very few exceptions.

[Anonymous No.13421767]

>>13421511
Show me ratio of your hodlings, PoW vs Everything else. tell me that & I will tell you the chances of you making it!

[Anonymous No.13421776]

>>13421767
I have only PoW coins
no BTC
no ICOs

[Anonymous No.13421795]

>>13421767
The only guy arguing against PoW in this thread was the namefag who didn't understand how mining works. As far as hes concerned mining does nothing and the network is secured by raspberry pis.

[Anonymous No.13421802]

>>13421502
Tonnes of infrastructure computers are still on Windows NT/XP. Oilrigs, power stations ect. If it ain't broke don't fix it.

>>13421776
97.3 chance of making it!

[Anonymous [O1G] No.13421819]

>>13421300
>without them your node can't do shit
just as without the nodes and users the miners are doing nothing of interest to anyone just wasting electricity.

[Anonymous [O1G] No.13421830]

>>13421313
>And they'd make sure they're directly connected to make sure their blocks don't get orphaned.
it would be pretty stupid for a miner not to use game theory and care only about blocks that propagate the network.