Topic: Can we just stop with the block size panic crap? - page 5. (Read 3925 times)

Dust limits are in place to prevent transactions of no economic
benefit.  That is orders of magnitude smaller than a coffee,
which clearly does have an economic benefit.  Pretty weak
argument.


It's been "pointed out" erroneously hundreds of times.

Absolutely you can rely on zero confirmations since few people are going to risk going to jail for attempted theft over a coffee.  In addition, it is possible for nodes to query the mempool (see Bip35) to detect double spend attempts with zero confirmation.

It is not fine for any size transaction and I'm surprised you would make such a silly statement.

Can you make a transaction with 0.00000001 BTC?

(and I mean literally yourself not a miner)

It has also been pointed out hundreds of times that you can't rely upon zero confirmations so your coffee is going to go cold before you will be allowed to drink it (and if changes are pushed that would allow for tx replacement with a fee then it would be child's play to cheat your coffee vendor).

It's fine for any size transaction as amounts large and small are supported
by the protocol and we have seen it in action in both.

The burden of proof is on you to if you want to assert its somehow "unsuitable for coffee".
Appears that its your own personal opinion based on your own biases of what you think
Bitcoin should be.

Apparently it is just because you say it is - just like the world is really flat.

Paid shills...lol umm yeahhh. right.

anyway i disagree with you.  Bitcoin is perfectly suitable for coffees.

This is the point to be honest, no matter what they do, there will always be a part of people that's not happy with it, that's human, so I say keep nodes decentralized as first priority and keep working in the good direction for this to happen.

not exactly.. infact by making it easier to undo transactions or replace them.. will increase the likelihood of a retailer seeing one transaction. and then once the customer has left the retailer before 10 minutes. the customer simply undoes or changes the transaction adding a higher fee to a second transaction that pays himself..

for a retailer to retain the first transaction the RBF requires the retailer the ability to change values to allow a higher fee to the first transaction to force miners to accept that transaction instead of the second transaction the customer pushes out after leaving the retailer (trying to double spend to make the retailer tx void)

the problem is that if we have a tx that is
1customerbitcoin address (1btc) -> 1Retailerbitcoin address (0.01btc)
                                                  -> 1customerbitcoin address (0.9899btc)     (remember its not 0.99 as the fee is done by not giving all change back)

if a retailer can change the values without needing to have that customers signature.. then the retailer can do this too
1customerbitcoin address (1btc) -> 1Retailerbitcoin address (0.9999btc).
                                                  -> 1customerbitcoin address (0btc)

if anyone can change values without signatures.. then bitcoin is screwed.. and so without screwing the system. only the customer can change values which means a customer can do
1customerbitcoin address (1btc) -> 1Retailerbitcoin address (0btc)
                                                  -> 1customerbitcoin address (0.9999btc)
to ensure he gets his money back, while sipping his free coffee

yes

Core as in Bitcoin-QT?

After reading so many things on the blocksize debate I'm not even sure if there is an answer to it.  Can't please everyone whatever 's done.

I guess I can appreciate that.

Core, why?

What Bitcoin wallet are you using at the moment?

As ATguy mentions, RBF will fully deprecate 0 conf, making double spending a transaction a one button affair available to all.

The dream of in-person retail BTC payments, after existing as a brief twinkle in our eye, will be fully sacrificed on the altar of centrally planned production quotas and artificial scarcity.

Bitcoin is wealth storage and transfer for the wealthy and as a settlement layer for banks cutting edge payment processors. Poors may use Doge.  

Yeah, I'm saddened a bit to see people saying its not good for coffees, as that is what I thought was one of the major benefits of bitcoin, the low transaction fees enable more economic flow, which includes many small purchases. "Not suitable for coffees" seems like a different coin altogether.

Do you even realize you want Bitcoin to be something different than it meant to be since the start ? The problem is bitcoin development is overtaken with devs with so different vision where Bitcoin should go versus original Satoshi plans.





Yes, instead of strenghtening zero confirmation transactions (which works relatively reliable today), new plan is RBF (replace by fee) which makes zero confirmation transactions not useable because double spending zero confirmation transactions will become trivial soon, thanks again to current Bitcoin devs steering the Bitcoin to their desired path of Bitcoin used as remitance or store of value only, both with higher fees - but who will use such Bitcoin in first place and why store value there when you will need convert to fiat or other real usage crypto and give fees to centralized exchanges for such conversion




Never going to happen with RBF (replace by fee)

thats because visa has guarantee's.. if there are no funds its INSTANTLY declined.. so that means that even if it does take 4 days to settle(confirm). it dont matter as there is no malleability to worry about..

once bitcoin sorts out malleability then retailers will be happy to accept 0 confirms and wont care it it takes 10 minutes or 1 hour to settle as they are guaranteed to get paid.. just like visa

no shop, in the world of HELL, wait for the confirmation.

VISA/MASTERCARD need 4 days to confirm in the best way ... and 8 days in difficult conditions.

You should only worry about something that is worthy of worry. For I do not know what that could be of, I still support meaningful and genuine worry. The blocksize as I know it isn't too much to mind but you must completely respect another's concern. That's just the way I see it.

keepdoing also has an odd obsession with Craig Wright. Very peculiar indeed.

Edit: More like keepgoing. Hehe. Isn't guys?



Ya!