Too much now. Need to go. You figure it out...
You keep going but keep coming back.
now i'm out. Need sleep. Tomorrow maybe back.
Topic: Bitcoin 20MB Fork - page 104. (Read 154794 times)
You keep going but keep coming back.
now i'm out. Need sleep. Tomorrow maybe back.
Too much now. Need to go. You figure it out...
You keep going but keep coming back.
not 'pegged' ... 'pegged' isn't possible.
Exactly. That's my point.
there are already solutions for the conversion worked on. Conversion between currencies will not be a problem. Everything can be denominated in btc without the need to be actually btc. Don't know what's so hard to understand about it.
It doesn't make sense to bloat to 1 terrabyte in a year and force every user to download all these microtransactions when using another chain is the most rational thing. Man, i'm getting tired. I'm out for now.
It doesn't make sense to bloat to 1 terrabyte in a year and force every user to download all these microtransactions when using another chain is the most rational thing. Man, i'm getting tired. I'm out for now.
Are these currencies pegged to Bitcoin? If not, when why should I choose not to use Bitcoin?
not 'pegged' ... 'pegged' isn't possible. 'peg' doesn't even exist. Crypto is freely convertible actually or just virtual (convert without converting) ... but that's likely too deep now since you are still stuck with the idea of an impossible 'peg'.
You can use bitcoin wiithout using the btc chain - it's totally possible with altchains and those tokens are convertible - actually or virtually. Too much now. Need to go. You figure it out...
sidechains = pipedreams, doesn't exist
most these pro-fork people are dancers in the sky with no grip on reality.
Alts or sidechains are the obvious answer at the mo but transaction handling could evolve methods for handling huge volumes within Bitcoin. That's in my very limited understanding, there may be some reason transaction handling can't be expanded and it would have to be handled externally but I doubt it.
How does a sidechain work? Is there an existing sidechain implementation?
Suppose you add a new Microcoin (for microtransactions, that is). At what point is a transaction considered micro? What happens if people start hoarding Microcoin, effectively disregarding what it was created for? Will there be a limit, so that Microcoin will be used exclusively micro? If not, then it's just another altcoin, and I don't see the point.
there are already solutions for the conversion worked on. Conversion between currencies will not be a problem. Everything can be denominated in btc without the need to be actually btc. Don't know what's so hard to understand about it.
It doesn't make sense to bloat to 1 terrabyte in a year and force every user to download all these microtransactions when using another chain is the most rational thing. Man, i'm getting tired. I'm out for now.
It doesn't make sense to bloat to 1 terrabyte in a year and force every user to download all these microtransactions when using another chain is the most rational thing. Man, i'm getting tired. I'm out for now.
Are these currencies pegged to Bitcoin? If not, when why should I choose not to use Bitcoin?
Well, yes. I don't state my opinions as fact, unlike others in this thread.
An opinion can't be considered as a valid argument when it comes to changing a quite sensitive protocol, can it?
Who are you to decide where these will go?
Who wants to change Bitcoin again?
Didn't Satoshi consider the 1MB a temporary limit as well?
Except it's not just about "giving the network more capabilities".
Referring to satoshi's supposed authority by the means of your personal interpretation is no argument.
I don't think having another coin for micro transactions is a good idea.
For example, I have a bank account, but also have bills in my wallet and change in my pocket. If all these were different currencies, it would be a pain in the ass to know exactly how much money I have. What if I want to withdraw from an ATM? How many Billcoins are my Bankcoins worth? If I buy a coffee and pay with a Billcoin, how many Changecoins will I get in exchange?
there are already solutions for the conversion worked on. Conversion between currencies will not be a problem. Everything can be denominated in btc without the need to be actually btc. Don't know what's so hard to understand about it.
It doesn't make sense to bloat to 1 terrabyte in a year and force every user to download all these microtransactions when using another chain is the most rational thing.
If i want to use crypto for micro-stuff i will have to download chain of crapcoin X - if i don't intend to use crypto for mini-stuff i will not be forced to download all that shit. Your hardfork proposal is inefficient, risky, unnessary, irrational.
Man, i'm getting tired. I'm out for now.
my point is:
Your FUD of a "chain grinding to halt" is pure FUD and has been proven to be wrong by me - i have shown in case the blocklimit will be reached microtransactions will go to a cheaper chain and bitcoin is better off without them as they only cause bloat and use expensive recources with little need to do so. So reaching the blocklimit at least for a while will do more good than harm and will in no way cause the chain to grind to halt. All the urgency that people want to imply here is false FUD
Now carry on.
Who are you to decide where these will go?Your FUD of a "chain grinding to halt" is pure FUD and has been proven to be wrong by me - i have shown in case the blocklimit will be reached microtransactions will go to a cheaper chain and bitcoin is better off without them as they only cause bloat and use expensive recources with little need to do so. So reaching the blocklimit at least for a while will do more good than harm and will in no way cause the chain to grind to halt. All the urgency that people want to imply here is false FUD
Now carry on.
do you want to decide they need to be on the btc chain by all means? I didn't decide a thing - i was just showing your conclusions you draw from the projections are inaccurate at best.
Everything should be the same currency, and Bitcoin is capable of handling microtransactions. I don't understand why people say the opposite.
Not indefinitelly, even with the cap removed completely, networking streamlined, etc. it would still reach a point where bundling small transactions together would be more efficient.
How would such bundling work?
Who are you to decide where these will go?
Who wants to change Bitcoin again?
Didn't Satoshi consider the 1MB a temporary limit as well?
I don't think
Everything should
Lolk, go away.
Well, yes. I don't state my opinions as fact, unlike others in this thread.
I don't think
Everything should
Lolk, go away.
Who are you to decide where these will go?
Who wants to change Bitcoin again?
Do we want Bitcoin to be a currency used for all types of transactions or a transfer of wealth?
Do we want an altcoin to be used for micro transactions and push for a two coin system? if so which coin?
Do we want an altcoin to be used for micro transactions and push for a two coin system? if so which coin?
I don't think having another coin for micro transactions is a good idea.
For example, I have a bank account, but also have bills in my wallet and change in my pocket. If all these were different currencies, it would be a pain in the ass to know exactly how much money I have. What if I want to withdraw from an ATM? How many Billcoins are my Bankcoins worth? If I buy a coffee and pay with a Billcoin, how many Changecoins will I get in exchange?
Everything should be the same currency, and Bitcoin is capable of handling microtransactions. I don't understand why people say the opposite.
If transactions keep on their current course and keep growing the 1mb limit WILL BE REACHED. This is a fact and in the future.
You can't have a fact with such an assumption. What if transactions don't actually keep on their current course?
What you're stating is a prediction. It may be more tan 99% probable, but it's still a prediction and not a fact.
But even though it's conditional we can all agree this will happen, if the transactions continue to increase the blocks will get large until they hit the cap.
We can all agree on that but now here is the thing we need to decide what we want to happen
Do we want Bitcoin to be a currency used for all types of transactions or a transfer of wealth?
Do we want an altcoin to be used for micro transactions and push for a two coin system? if so which coin?
Maybe that's what they want, a two coin system.
my point is:
Your FUD of a "chain grinding to halt" is pure FUD and has been proven to be wrong by me - i have shown in case the blocklimit will be reached microtransactions will go to a cheaper chain and bitcoin is better off without them as they only cause bloat and use expensive recources with little need to do so. So reaching the blocklimit at least for a while will do more good than harm and will in no way cause the chain to grind to halt. All the urgency that people want to imply here is false FUD
Now carry on.
Who are you to decide where these will go? Your FUD of a "chain grinding to halt" is pure FUD and has been proven to be wrong by me - i have shown in case the blocklimit will be reached microtransactions will go to a cheaper chain and bitcoin is better off without them as they only cause bloat and use expensive recources with little need to do so. So reaching the blocklimit at least for a while will do more good than harm and will in no way cause the chain to grind to halt. All the urgency that people want to imply here is false FUD
Now carry on.
Jump to: