EIGHTEEN MONTHS

[EIGHTEEN MONTHS No.13552191]

EIGHTEEN MONTHS
>EIGHTEEN MONTHS
EIGHTEEN MONTHS
>EIGHTEEN MONTHS
EIGHTEEN MONTHS

[Anonymous No.13552276]

MORE THAN THREE HOPS
3RD PARTY WATCHTOWERS
PROOF OF STAKE LAYER OVER BITCOIN
BANKRUPT THE MINERS
DESTROY THE SECURITY MODEL
REGULATOR CAPTURE
PROMOTE CRONY CAPITALISM

[Anonymous No.13552315]

KYC MONEY TRANSMITTERS
HUBS HAVE INCENTIVE TO FORM CARTELS
IMPOSSIBLE TO AVOID SYBIL ATTACKS
SEPARATE USERS FROM THE BLOCKCHAIN
TRAVELING SALESMAN PROBLEM
ROUTING PROBLEM
LITERALLY DOESN'T WORK PROBLEM

[Anonymous No.13552359]

>>13552191
>>13552276
>>13552315
absolutely based

[Anonymous No.13552422]

Only $6 million worth of transactions in the Lightning Network.

[Anonymous No.13552431]

>>13552191
>X ARBITRARY UNITS OF TIME FOR SOME EVENT THAT WILL NEVER ACTUALLY HAPPEN

[Anonymous No.13552441]

IMPOSSIBLE TO COLD STORE COINS
MUST BE ONLINE TO RECEIVE PAYMENTS
HUBS CAN BE DDOS AND KILL MASSIVE PORTIONS OF THE NETWORK
CHANNELS CAN CLOSE ON A WHIM
ON CHAIN TRANSACTION REQUIRED TO FUND CHANNELS


>JUST WAIT 18 MONTHS
>JUST USE FIAT
>JUST USE CREDIT CARDS THEY HAVE GREAT CASH BACK PROGRAMS
>JUST CASH OUT SOME BITCOIN EVERY MONTH TO PAY OFF YOUR CREDIT CARD
>JUST BUY IT BECAUSE ITS DIGITAL STORE OF VALUE GOLD AND THE PRICE CAN ONLY GO UP
>JUST

[Anonymous No.13552495]

JUST BUY A $300 "NODE" WITH WALLET SOFTWARE ALREADY INSTALLED BECAUSE THIS SHIT IS TOO COMPLICATED FOR NORMALFAGS TO EVER UNDERSTAND
>JUST USE OUR SIDECHAINS TO TRANSFER
JUST USE OUR SIDECHAIN TOKEN LBTC ON LIGHTNING NETWORK, ITS JUST AS GOOD AS BTC
>JUST USE OUR 3RD PARTY "SMART CONTRACT" RSK SIDECHAIN TOKENS ON LN
JUST VISIT YOUR LOCAL BANK TO FUND YOUR CHANNEL AND AVOID THE FEES
>YOU CAN ONLY VISIT YOUR LOCAL BANK MONDAY THRU FRIDAY 9-5
SERVICES WILL NOT BE AVAILABLE ON HOLIDAYS

[Anonymous [O1G] No.13552535]

>>13552495
okay this must be the most retarded shit i read about ln

[Anonymous No.13552543]

so what is the alternative?
big blocks that lead to centralization on the blockchain?
or pos that basically only can evolve to centralization?
whats up? whats up nigga?
HUH MOTHAFUKKA WHTA FKGGNKA UP

[Anonymous No.13552546]

>>13552191
>>13552276
>>13552315
>>13552441
>>13552495
core jews will defend this

[Anonymous [O1G] No.13552547]

>>13552543
pos is not a scaling solution if you made bitcoin pos it wouldn't do anything more or better.

[Anonymous No.13552559]

fuck blocksteam and fuck bilderberg

[Anonymous No.13552578]

>>13552543

LTC and other coins with atomic swaps

[Anonymous No.13552585]

>>13552191
GTFO MY IMAGE BOARDS DERO NIGGER

[Anonymous No.13552588]

>>13552543
32mb blocks will not lead to node or miner centralization. When the time comes to increase blocksize even more, the internet speeds, storage, etc. on a consumer scale will be capable of handling it.

[Anonymous [O1G] No.13552594]

>>13552559
no worries bitcoin don't need either not to function not to evolve the boomers try but they don't get it. you can't control a hurricane you can't calm it down not even with fucking nukes (yeah someone did the math)

[Anonymous [O1G] No.13552617]

>>13552588
32 megs is way too much for this tx count bitcoin block size should have been doubled with every halving. we would be at what 4 megs soon 8? totally doable the underlying storage and network infrastructure scaled as much in 10 years.

[Anonymous No.13552648]

THE LOWEST FEES ON LN ARE 1SAT/BYTE, THE SAME IS AVAILABLE ON CHAIN WITH BCH OR SV
>PEOPLE LOSE MONEY USING LN
DEVS WARN PEOPLE ABOUT LOSING MONEY FROM USING
>IT WAS PURPOSELY RELEASED BEFORE IT WAS STABLE (IT NEVER WILL BE) BECAUSE THE WALLS ARE CLOSING IN AND PEOPLE ARE MIGRATING TO OTHER COINS

[Anonymous [O1G] No.13552689]

>>13552648
so it never occurred to you that core devs actually did math on this ran scenarios and honestly don't believe onchain scaling is a viable option? to me it smells more desperate and incompetent than malevolent but fuck knows.

[Anonymous No.13552702]

So criptoe is ded? B-but I haven’t made it and bought my dream waifu yet...

[Anonymous [O1G] No.13552722]

>>13552702
it's about as dead as this

[Anonymous [O1G] No.13552737]

>>13552722
also you see a lot of graphs coming here all meaningless the bottom is meaningless the next peak is meaningless where and when? who the fuck cares. the only thing that matters is the blue line.

[Anonymous No.13552763]

BLOCKSTREAM'S PURPOSE IS TO FORM A PARASITIC LAYER OVER BITCOIN TO CONTINUE THE GOLDSMITH SCHEME
>AFTER LN HAS SUFFICIENTLY REDUCED THE PROFITABILITY OF MINING AND MINERS GO BANKRUPT THE HUBS (BANKS) WILL BUY OUT ALL THE MINERS, ASSERTING CONTROL OVER THE NEW WORLD MONEY SYSTEM FOREVER
HUBS WORK EXACTLY LIKE CONTEMPORARY BANKING SYSTEMS (READ THE LN WHITEPAPER) MAKING ALL THE CENSORSHIP RESISTANCE OF BITCOIN DISAPPEAR

[Anonymous [O1G] No.13552854]

>>13552763
i'm not sold on miners going bankrupt bitcoin will appreciate steeply even the meager rewards form transaction fees will be a lot of fucking money. and block size must be increased anyhow because ln channels still need to be maintained and at scale that requires a few hundred megabyte block.

[Anonymous No.13553031]

BY DESTROYING THE INCENTIVE STRUCTURE OF BITCOIN BANKS CAN ENSURE THEY HAVE A HAND IN THE BITCOIN NETWORK
>HASH WILL BEGIN TO DROP AS MINERS GO BANKRUPT AND THEN STABILIZE AS BANKERS BUY THEM UP
THEY WILL HAVE SUCCESSFULLY ELIMINATED ALL COMPETITION TO THE CURRENT BANKING WORLD ORDER
>THE DREAM OF FRICTIONLESS, HARD AND PREMISSIONLESS MONEY WILL BE GONE
THESE PARASITES WILL STOP AT NOTHING TO KEEP THEIR HOST

[Anonymous No.13553053]

>>13552535
>anything I don't wanna hear because it calls out my shitcoin for being a shitcoin is retarded.exe
Never change biz

[Anonymous No.13553064]

>>13553053
there are a lot of things i don't want to hear that make sense that post was retarded tho

[Anonymous No.13553084]

>caps lock posting means I can talk bollocks
Nope.

[Anonymous No.13553098]

>>13552617
we are effectively at 4mb with segwit. tx count is at ATH and fees stayed low.

[Anonymous No.13553102]

>>13553031
that's a lot of money and doing and it's so easy to defect for the people if they don't like the result.
you can literally fork bitcoin in 5 minutes.

these tinfoil hat theories are really fucked up altho not nearly flat-earther level fucked up.

[Anonymous No.13553117]

>>13553098
4mb my ass 1.2mb more likely

[Anonymous No.13553141]

>>13553117
EFFECTIVELY
can you read?

[Anonymous No.13553158]

>>13553098
> $1 fees, right now
https://bitcoinfees.info/

[Anonymous No.13553172]

>>13553158
and what was the fees last time the tx count was this high? right, it was literally up to $50.

[Anonymous No.13553219]

>>13553141
effectively we have the same tx count as pre-segwit pretty much.

[Anonymous No.13553266]

>>13552543
big blocks do not lead to centralization anymore than small blocks.

there is a limit today of big blocks, like 1GB is too big, but 32MB or 128MB is perfectly fine, and increases the efficiency of bitcoin by 32 or 128x. 1GB will however be fine in a few years, when the internet is upgraded.

centralization. the power-centralization which means who controls and directs bitcoin, its consensus and development. BTC as evidenced is controlled and directed by authority of BTC Core developers, theymos and similar caricatures. irregardless of what mining power wants or users want as shown by hard forks and usaf.

today, there is nothing, NOTHING, stopping BTC/Core from releasing a new client which removes the 21M coin limit and introduces other "financial controls" For Your Own Benefit.

Bitcoin Cash, stock up son, you have been given another chance, 10 years from now, normal users can pick LN and BTC in a wrapping made by todays Banks, a "settlement layer" with "financial controls" and "fee market" - this looks very attractive to idiots who also like USD EUR and such familiar currencies. Or they can pick The real fucking bitcoin as made back in 2009.

[Anonymous No.13553295]

>>13553031
BASED POSTER

tell me your BCH Ill send some, reminiscent of 2010 fren

[Anonymous No.13553301]

>>13553266
>today, there is nothing, NOTHING, stopping BTC/Core from releasing a new client which removes the 21M coin limit and introduces other "financial controls" For Your Own Benefit.
well nothing stopped anyone from doing that from day 1. yet...

[Anonymous No.13553336]

>>13553301
satoshi himself, and later mining power, stopped that from day 1.

what you can learn from 2017, from segwit2x, is that mining power in btc/core means jack shit, btc/core/LN functions for all intents and purposes as a common bank. the financial system in a "cryptocurrency" wrapping.

all these boys giggling about how some central bank will issue their own "cryptocurrency", yeah no shit, they are late and dumb, the master strategist banksters already figured out how to issue their own cryptocurrency and overcome adoption - overtake the existing one by buying/bullying the developers and social media.

have fun with BTC/CORE/LN/EUR/Venezuelan dollars if thats your cup of tea.

[Anonymous No.13553357]

>>13553336
>>13553301
as if the miner base would ever allow that
with alle the bch cloud mining controlled by roger I am not so sure.

[Anonymous No.13553388]

>>13553336
no satoshi couldn't have stopped you from making a fork of bitcoin even if he ever thought about it. but nobody would have downloaded your shit.

that's consensus. something cashies just don't fucking get.

[Anonymous No.13553433]

>>13552543
>pos that basically only can evolve to centralization
being this stupid in 2019
>fascinating

[Anonymous No.13553470]

>>13553433
pos is code for monopoly (the game)

[Anonymous No.13553591]

>>13553470
for a well distributed coin pos means more decentralization than pow. it's just you can't start a coin as pos because it's "memory" works very different from pows.

but again pos is not a scaling solution in itself. it changes nothing. the one thing you can do with pos and can't do with pow very well (or at all) are side-chains.

[Anonymous No.13553630]

>>13553591
PoS allows for eventual asynchronous actors and then allows for latencies that can't be done in a synchronous model. Rewards don't have to be linked to blocks they can be just be on a timed release or related to used compute because processing happens solely on a node level.

[Anonymous No.13553654]

>>13552594

The blocksize limit is never going to be raised on BTC.

[Anonymous No.13553707]

lots of salty shitcoiners in this thread

[Anonymous No.13553798]

>>13553630
Malicious actors get their staked coins wiped in ethereums proposal. I don't know the specifics of how they decide what is malicious but that's a big punishment to stay in line