Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 13407. (Read 26723267 times)

Quote from: Elwar on July 26, 2018, 12:18:02 AM

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

Yeaaaaa no I don't.

Average bitcoin transaction 0.00000025gb
Half the people on earth use bitcoin 3.5billion
Each person does about 5 transactions a day
144 blocks in a day

0.00000025*3.5billion*5/144=30gb blocks. 30 gb every 10 minutes people would need to download. Do you have any clue just how far away from that we are? Moore's law or not? That would be 1.5petabytes per year. That's ~16 yeas IF Moore's law holds. Which, by the way, it hasn't been lately. And even then, that's only regular transactions. That's at best only replacing traditional finance. No innovation there. No pay as you go. No IOT markets. No decentralizing the internet. No micro transactions. It's a piss poor vision for the future.

With all due respect, blah blah blah.

You explain to me how 9 billion people are able to merely open a single Lightning Network channel in under three decades, and we have the start of a conversation*. Otherwise, you're just blowing smoke. AAR, you are certainly not responding to the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

*and then we can move on to the more interesting topic of how permissionless, pseudonymous routing can be done in a network where participants can come and go as they please

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

From Max Keiser tweet (https://twitter.com/maxkeiser/status/1022257638283857922)
Jamie Dimon checks Bitcoin price

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Bcashers.....lol.

Quote from: infofront on July 25, 2018, 05:29:52 PM

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.

IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.

With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.

So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.

IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.

You seem to be giving bcashers too much benefit of the doubt, that they really believe their own bullshit about supposed on-chain scaling and that on-chain scaling is preferred. They probably could not code their way out of a wet paper bag, so, I doubt that any of their technology is superior, which seems to be the hypothesized presumption that you are presenting.

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

New from Masterluc:

I like this early February stuff, the graph is freaky:

https://vk.com/bitcoin_vanga?w=wall-130254204_9481

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: Elwar on July 26, 2018, 12:18:02 AM

Bcashers.....lol.

Quote from: jbreher on July 26, 2018, 12:49:58 AM

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.

IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.

With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.

So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.

IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.

Reasonable enough for me. Excellent comparison

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: jbreher on July 26, 2018, 12:49:58 AM

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

... or you do?

Why don't you just write down this ever-so-simple equation that explains where everybody else fucked up and shows simply why Bcash is the embodiment of the time derivative ratio of adoption to technology?

You are so full of shit ... isn't it time you got the fuck outta here with your Bcash shilling and pumping?

Anon136

legendary

Activity: 1722

Merit: 1217

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

Yeaaaaa no I don't.

Average bitcoin transaction 0.00000025gb
Half the people on earth use bitcoin 3.5billion
Each person does about 5 transactions a day
144 blocks in a day

0.00000025*3.5billion*5/144=30gb blocks. 30 gb every 10 minutes people would need to download. Do you have any clue just how far away from that we are? Moore's law or not? That would be 1.5petabytes per year. That's ~16 yeas IF Moore's law holds. Which, by the way, it hasn't been lately. And even then, that's only regular transactions. That's at best only replacing traditional finance. No innovation there. No pay as you go. No IOT markets. No decentralizing the internet. No micro transactions. It's a piss poor vision for the future.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Bcashers.....lol.

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.

IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.

With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.

So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.

IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

Bcashers.....lol.

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Have you considered the possibility that some people don't want babies to die for no good reason?

Anon136

legendary

Activity: 1722

Merit: 1217

Bcashers.....lol.