I like big blocks and i cannot lie

[Anonymous No.16832341]

[Anonymous No.16832349]

fake weather transactions lol

[Anonymous No.16832394]

>>16832349
No its not, see for yourself
http://blocks.bitcoincloud.net

[Anonymous No.16832399]

>>16832349
>real fake transactions

[Anonymous No.16832506]

>>16832341
>>16832394

Feb 2020 will see 100 mb block mined, just to prove a point. March will see 250mb, mid year we will have a 1gb block mined.

BTC will be forever BTFO

[Anonymous No.16832552]

>>16832506
We've already had 200mb blocks I'm pretty sure.

[Anonymous No.16832570]

We went over this 4 years ago. Big blocks lost. Try to keep up.

[Anonymous No.16832574]

>>16832341
>My retarded rules didn't pass Nakamoto consensus and I had to fork 2 (two) times! Btw I'm Satoshi Nakamoto and my fork is BitcOin!!!

[Anonymous No.16832577]

>>16832570
>>16832574
cope

[Mr Squids !fokV81ACwI No.16832831]

>>16832577
Those blocks are making me stiff

[Anonymous No.16833167]

>>16832349

Brings the halving closer brainlet, Whichever BTC chain gets the halving first will pump to fit the 'deflationary asset' agenda on BTC otherwise its dead

[Anonymous No.16833177]

>>16832349

'fake transactions'

... makes sense anon

[Anonymous No.16833464]

Why do bigger blocks matter? (Unironically asking for knowledge)

[Anonymous No.16833486]

>>16832341

Cant somebody tell me if this coin is decentralized?

[Anonymous No.16833517]

>>16833464

The bigger the blocks the more transactions per block you can fit, the problem is, the bigger the blocks the more your blockchain becomes centralized because nobody can afford to run a node.

BSV is a pajeet scam that you should ignore

[Anonymous No.16833533]

>>16833464
Think of it more as "unbounded blocks" instead. Basically it allows miners to accept whatever size transactions they want. This could be anything from data intensive things like video or high volume transactions. The more data in a transaction the more money a miner earns. So if there are a few large data transactions the miner earns a lot. If there are millions of low data transactions, like typical payments the miner earns a lot. This is required for Bitcoin to survive. The block subsidy ends eventually and really after the next having 90% of all Bitcoin that will be mined have been mined. So we have to make up the difference in transaction fees.

ON THE USER SIDE OF THE ISSUE

Users benefit from unbounded blocks because it means they can use the network as they please and pay low fees while they do it. This means instant payments (because blocks aren't full and no RBF so the network goes by the "first seen rule" which is how 0-conf works). The beauty of it is if I'm a business I need dependable fee structure and throughput. With unbounded blocks my fees will always be fractions of a penny and my throughput is for all intents and purposes unlimited. This means microtransactions and different business models that can't exist in the current system we have today. Bitcoin is the most efficient economic system ever created.

[Anonymous No.16833547]

>>16833517
>the bigger the blocks the more your blockchain becomes centralized because nobody can afford to run a node

Listening nodes contribute nothing to the network. Hobbyists are irrelevant. If you want to compete, compete. Otherwise just be a user like the rest of us.

Nobody runs a node unless they can make money from it. That is how Bitcoin is designed. If you can't make money from storing and servicing the blockchain then you're irreverent. Miners are kept honest by economics. Read the whitepaper.

[Anonymous No.16833588]

>>16833517
I figured this, because if blocks start hitting 1TB like people are raving about, I don't think even many large commercial businesses could even handle the throughput. My connection is 'reasonable' at 80Mbps and this isnt impressive but I can handle 2 people streaming... FTP to a vps, mining, running a BTC node and multiple devices syncing just fine. But it would take literally over 1 day to sync a single Terabyte block.
Someone would need to have at least 250Gbps connection to feasibly sync a network with terabyte blocks. Which is insane.

[Anonymous No.16833614]

>>16833547
I run a bitcoin fullnode with no expectation of benefit. I do it because I can and it keeps the network alive. I couldn't do this on bsv with big blocks, and wouldn't want to even if I could because it is contrary to the bitcoin whitepaper.

[Anonymous No.16833623]

>>16833614
>contrary to the bitcoin whitepaper
no that would be your definition of a node

[Anonymous No.16833636]

>>16833588
>Someone would need to have at least 250Gbps connection
Terrabit connections are possible and have already been tested. We're talking about a multi billion dollar industry. Mining is often hundreds of millions of dollars for one venture. Paying for broadband and storage are the least of their concerns.

>>16833614
>it keeps the network alive
It doesn't. You want to know why I know why not?
>with no expectation of benefit

Bitcoin is secured by economics, not hash.

[Anonymous No.16833638]

>>16833517
Just like satoshi wanted

[Anonymous No.16833651]

>>16833638

[Anonymous No.16833658]

>>16832506
we have already had 2 256mb blocks
https://blockchair.com/bitcoin-sv/block/593161
https://blockchair.com/bitcoin-sv/block/593164

[Anonymous No.16833661]

>>16833651
Yes i know, these fuckers know nothing about bitcoin

[Anonymous No.16833704]

>>16833517
>>16833588
Morons who will be left behind.
>>16833614
Especially you because you don't understand profit motive and act out of altruism and not self interest, despite your altruism doing literally nothing for the network. GTFO crypto you fucking communist.