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Topic: BLOCKSTREAM Appreciation Thread (Read 6296 times)

legendary
Activity: 992
Merit: 1000
March 04, 2016, 07:34:52 PM
#92

“My basic thesis was this: anyone who was dumb enough to think that they could make money reviewing television shows would pay $49 dollars for a training program,” said Hill. “And anyone who is that lazy will never complete the training program. So they’d just give up and I could sell a $2 dollar training program for $49.”

It worked: he made about $100,000 in three months. (At that point the crowd gave him an ovation... -snip-


http://betakit.com/montreal-angel-austin-hill-failed-spectacularly-before-later-success/



And this guy is the fucking CEO of blockstream. HAHAHA. Man, it just keeps getting worse and worse.
sr. member
Activity: 392
Merit: 250
March 04, 2016, 06:45:53 PM
#91
Bitcoiner, you've gotta ask yourself one question: "Do I feel dumb?" Well, do ya, punk?
legendary
Activity: 1260
Merit: 1116
March 04, 2016, 06:10:21 PM
#90

“My basic thesis was this: anyone who was dumb enough to think that they could make money reviewing television shows would pay $49 dollars for a training program,” said Hill. “And anyone who is that lazy will never complete the training program. So they’d just give up and I could sell a $2 dollar training program for $49.”

It worked: he made about $100,000 in three months. (At that point the crowd gave him an ovation... -snip-


http://betakit.com/montreal-angel-austin-hill-failed-spectacularly-before-later-success/

sr. member
Activity: 392
Merit: 250
February 28, 2016, 04:33:26 PM
#89
Blockstream has announced $55 million in series s funding to further enhance our sidechain technology, expand their operations globally for total investments up to $76 million. That's really great to hear.

I miss the times when bitcoin was developed by individuals in fight with financial system, corporations, banks, etc. Few years later, development of bitcoin core is driven exactly by what orginal bitcoin creator/creators wanted to combat.
legendary
Activity: 1260
Merit: 1116
February 28, 2016, 01:46:14 PM
#88
Blockstream has announced $55 million in series s funding to further enhance our sidechain technology, expand their operations globally for total investments up to $76 million. That's really great to hear.

Too bad the money is coming (partially) from a Bilderberger and HSBC banking boardmember

lol

legendary
Activity: 992
Merit: 1000
February 28, 2016, 12:57:41 PM
#87
Blockstream has announced $55 million in series s funding to further enhance our sidechain technology, expand their operations globally for total investments up to $76 million. That's really great to hear.

Too bad the money is coming (partially) from a Bilderberger and HSBC banking boardmember

lol
legendary
Activity: 1260
Merit: 1116
February 28, 2016, 10:23:12 AM
#86
Blockstream’s core area of innovation is unspeakable evol and an unquenchable lust for power.

That don't seem right. Undecided
legendary
Activity: 1386
Merit: 1058
February 28, 2016, 10:03:37 AM
#85
Well done Block Stream
Blockstream’s core area of innovation is sidechains, a technology focused on improving on the blockchain, the most powerful public utility for distributed trust systems.
sr. member
Activity: 687
Merit: 269
February 27, 2016, 03:22:05 PM
#83
Is there a Blockstream dev currently working on LN? I thought sidechains like Liquid were more their angle.


    [1] Lightning Network by Joseph Poon and Thaddeus Dryja (website), github repository (golang)
    [2] Deployable Lightning by Rusty Russel (Blockstream), github repository (C)
    [3] Thunder Network by Mats Jerratsch (Blockchain.info), github repository (Java)

The way i see it , the sidechain approach makes sense for now . It cannot be seriously used until the malleability is fixed by segwit. Once that's done, lightning will be developed for the real blockchain
legendary
Activity: 1260
Merit: 1116
February 27, 2016, 03:04:37 PM
#82
It might be fine for microtransactions, but no business in its right mind would want to lock up non-trivial amounts of bitcoins in payment channels; it's an invitation to regulation and market corrections.

Anybody can settle the tied up funds anytime. The question is , would the on-chain confirmation regulated? If anybody can prevent the channel closure from confirmation, then the same individual could effectively freeze any bitcoin even under the current rules.

Only difference is the channel closure has a specific close time window, so yes, the risk is slightly larger, but not significantly. We'll see

Is there a Blockstream dev currently working on LN? I thought sidechains like Liquid were more their angle.
sr. member
Activity: 687
Merit: 269
February 27, 2016, 03:02:34 PM
#81
It might be fine for microtransactions, but no business in its right mind would want to lock up non-trivial amounts of bitcoins in payment channels; it's an invitation to regulation and market corrections.

Anybody can settle the tied up funds anytime. The question is , would the on-chain confirmation regulated? If anybody can prevent the channel closure from confirmation, then the same individual could effectively freeze any bitcoin even under the current rules.

Only difference is the channel closure has a specific close time window, so yes, the risk is slightly larger, but not significantly. We'll see
legendary
Activity: 1260
Merit: 1116
February 27, 2016, 02:57:02 PM
#80
No. Angry

Why? Storm in a teacup? Satoshi vision violated? 4 cent fees unacceptable?

It might be fine for microtransactions, but no business in its right mind would want to lock up non-trivial amounts of bitcoins in payment channels; it's an invitation to regulation and market corrections.
sr. member
Activity: 687
Merit: 269
February 27, 2016, 02:55:36 PM
#79
No. Angry

Why? Storm in a teacup? Satoshi vision violated? 4 cent fees unacceptable?
sr. member
Activity: 687
Merit: 269
February 27, 2016, 02:47:02 PM
#77
legendary
Activity: 1260
Merit: 1116
February 27, 2016, 02:39:55 PM
#76
BlockstreamTM is taking a conservative approach. SegWit soft fork, see how that goes. Then Lightning Network and some sidechains and we'll be good to go. Isn't it? I don't "code" or have any particular "insights". But I can appreciate that.

I mean, 2mb/4mb/8mb, what difference does it make; it will never be enough for the sloppy mob of Backpagers pounding at the doors. We have serious business to conduct. Amirite?


Whatever happened to you... A wise man changes his mind sometimes, a fool never.

Congrats.


Not that blockstream knows the ultimate truth, they are at least better qualified than hearn/toomin/obama when it comes to cryptography and decentralization.

Let them do the code, whilst still not being forced to use it anyway.

PS: fuck gavin.

I flip-flop too much to be on anyone's team. I'm an outcast. Cool

I always thought a contentious hard fork was a bad idea.

Lightning Network is the most exciting on Bitcoin right now, I can't wait to see it in action so we can forget the "oh no, not enough blocks! oh no my transaction is taking 10 minutes longer than expected!.." you know all that bullshit. Im going to be using LN cause it's going to be as safe as it needs to be, and it's going to be as fast as we need it to be. We will be competing against the titans of payment platforms in the next 1-3 years and I think this will change a lot of things in the game. Let's see how they deal with it.

LN is not a scaling solution.
legendary
Activity: 1358
Merit: 1014
February 27, 2016, 11:29:25 AM
#75
Lightning Network is the most exciting on Bitcoin right now, I can't wait to see it in action so we can forget the "oh no, not enough blocks! oh no my transaction is taking 10 minutes longer than expected!.." you know all that bullshit. Im going to be using LN cause it's going to be as safe as it needs to be, and it's going to be as fast as we need it to be. We will be competing against the titans of payment platforms in the next 1-3 years and I think this will change a lot of things in the game. Let's see how they deal with it.
legendary
Activity: 1260
Merit: 1002
February 27, 2016, 11:25:01 AM
#74
BlockstreamTM is taking a conservative approach. SegWit soft fork, see how that goes. Then Lightning Network and some sidechains and we'll be good to go. Isn't it? I don't "code" or have any particular "insights". But I can appreciate that.

I mean, 2mb/4mb/8mb, what difference does it make; it will never be enough for the sloppy mob of Backpagers pounding at the doors. We have serious business to conduct. Amirite?


Whatever happened to you... A wise man changes his mind sometimes, a fool never.

Congrats.


Not that blockstream knows the ultimate truth, they are at least better qualified than hearn/toomin/obama when it comes to cryptography and decentralization.

Let them do the code, whilst still not being forced to use it anyway.

PS: fuck gavin.
legendary
Activity: 1260
Merit: 1116
February 27, 2016, 10:18:19 AM
#73
https://www.crunchbase.com/organization/blockstream/investors
https://www.crunchbase.com/organization/crypto-currency-partners#/entity

And it all comes back to Mr. Sticky.* Embarrassed

Blockchain Capital:
Founders:
    Brad Stephens
  
    Gil Penchina
   
    Brock Pierce

    
    W Bradford Stephens
    
    Bart Stephens
Headquarters:
    San Francisco, CA
Funds Raised:
    $13M
Categories:
    Entrepreneur, Bitcoin, FinTech, Finance
Description:
    Professional investors and entrepreneurs driving innovation in the Blockchain ecosystem.
Website:
    http://www.blockchain.capital

*1997-1999
Founder & EVP
Digital Entertainment Network (DEN)
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