Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16799. (Read 26711601 times)

Would you mind sharing one example please?


No worry I will not ban you, at most put you on my ignore list if your comprehension limitation start to be boring.


thanks, I would happily send your way a silver flake but this is all have got : 

those rent seekers... what a plague.

This is the dumbest sentence I've ever seen on this forum.  The burden of proof isn't even on others to prove increasing throughput increases value, the burden of proof is actually on you to prove that bitcoin has any value whatsoever as a settlement network and that 4 TPS would somehow allow it to fill this role.  

I've already explained numerous times why bitcoin has zero value as a settlement layer:

1)  It has built-in rent seeking middlemen (transaction validators) and doesn't remove counter party risk since you're always relying on all kinds of external parties to facilitate transactions

2)  Alternatives already exist before the creation of bitcoin that are far superior for settlement such as gold and silver that actually do remove counter party risk and don't have built-in rent seeking middlemen

3)  Network effect assumes infinite scalability, which bitcoin doesn't have.  Trying to force everyone onto a highly scaling constrained system with giant fees is a pro-usury stance

4)  Due to the above , bitcoin has a reverse Schelling point where there's huge incentive to fork or use a different system rather than pay extortion usury fees.  Low scaling = inveitable rough consensus attack/split.

5)  Bitcoin is a currency and not money.  The value of a currency is entirely based on transaction flow, not stock (how much commerce it can facilitate by scaling)

6)  The greater fool theory only works if other people actually need what you have and nobody needs an imaginary "virtual commodity" when they can just create their own.  They do however need things like silver.  Cornering the market on bitcoin doesn't actually give you any type of power over others, while cornering real commodities like oil or silver does.

You're always welcome here my learned friend

The potential users does not define the value of a network, nor does its number of users: https://medium.com/@rextar4444/my-previous-previous-explained-how-bitcoins-usefulness-as-a-settlement-system-is-able-to-scale-23bfdc02689f

https://medium.com/@rextar4444/bitcoins-most-valuable-usecase-7f5c6e95be22


You see we are holding tacit assumptions that aren't grounding.  We are perpetuating myths and half truths.  I'm banned from r/btc because I would put and end to these myths.

No.  think about what you have said.  Some networks only few people can use and they are very valuable.  You are wrong.


Do you mean Szabo? Everything is cited and linked to the rabbit hole: https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-2-re-solving-nashian-and-szabonian-views-on-the-emergence-of-money-b3c83a5d019f

the higher fees induced by the 1mb limitation restrain the number of potential users. If someone can't have way more than the minimum fees while would he join the network?

thanks for this comment.

Okay you can quit with the school yard comments now. You are making your own case against you.

If you don't have the private keys...

Which exchange will be the first to allow it do you think?


92% correlation, rather than me argumenting, prove that the graph doesn't work in the past time (it stops in september 2015) and see if it isn't true.

you are very messed up in your mind, learn the difference between science and philosophy and try to sustain consistancy in your argumentation if you don't want to be taken for a fool playing with concept he doesn't get, but simply repeat (or is) the opinions of others.


And how to know otherwise when the segwiters will surrender and join the bigger block resistance?

A network is only as useful, and hence valuable, as the number of people who can use it. The transaction rate is the limit on that. More volume means more people means more money means higher price.

As for the guy you talked about above, could you link some of his stuff?

No. What you describe as 'your hope' sounds very little like satoshi's vision. Bitcoin Cash today -- and I believe also tomorrow -- does sound a lot like satoshi's vision.

If you got some balls, sell all youre BTC for BCC and move youre ass out of the BTC forum and join Roger and friends at /rbtc.

Dont try to eat from 2 sides 

Sux because if we could just exchange our btc for bch we could get the free money!!!  Can anyone solve this problem?

That's not how you make a grounded argument.  There is accepted economic philosophy.  You have to tie your argument to it otherwise its inconsistent with observable reality.  You can point to two simultaneous events and claim observation is proof that one causes the other.

It's a community of 5 year olds.

The exchanges wallets will remain blocked until the owners decide.  This is really a shameless manipulation but par for an unregulated industry.
Watch out when the floodgates open.

do you know the command pruning ?

    -prune=    Reduce storage requirements by enabling pruning (deleting) of old blocks. This allows the pruneblockchain RPC to be called to delete specific blocks, and enables automatic pruning of old blocks if a target size in MiB is provided. This mode is incompatible with -txindex and -rescan. Warning: Reverting this setting requires re-downloading the entire blockchain. (default: 0 = disable pruning blocks, 1 = allow manual pruning via RPC, >550 = automatically prune block files to stay under the specified target size in MiB)

https://www.amazon.com/gp/product/B013JPKUU2/ref=s9_acsd_zwish_hd_bw_b1Muqux_c_x_w?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=merchandised-search-11&pf_rd_r=5S25BFB90F47CP2XV7Y6&pf_rd_t=101&pf_rd_p=8fc50eca-db79-5cb9-b4bf-3deedcf4fb2d&pf_rd_i=1254762011

4tbs for 114$. You can use sata ports (most mb have at least 2, but more common is 4+) and build a small raid array. This is the raspi debate. What do you want? with 1mb, fees will get exorbitant or it's the offchain problematic.

Quote from: traincarswreck on August 01, 2017, 09:15:42 PM

Quote from: B1tUnl0ck3r on August 01, 2017, 09:03:05 PM

Quote from: Ibian on August 01, 2017, 08:49:15 PM

Whoever, if anyone, thinks this new clone coin has better fundamentals than the original, could you explain why?

I can in one number : 7tps.

I wanted a 10mb block size, then 100 and 1000 but I make a concession and will see how it goes with time.

Then it has the history, making all the cold hodler have the amount. Mining gears are the same. And there is no useless and dangerous complications resulting from offchain txs.

I can understand the arguments of those who don't want to change the 1mb, and don't want segwit. Keeping the code as is. However as soon as the intentions behind is to push for segwit (to earn the fees) or to push another chain, I think it's dishonest toward those who started it all.

It's people that don't understand fundamentals.

There is no founded argument that increasing 7tps increasing the value.  Economics doesn't support it.  There is no grounded arguments.  There are only people that have no understanding of economics that are screaming like roger "It obvious you dummies" .

Sometimes when the experts and knowledgeable people disagree with what seems like common sense, its because the problem is more complex than you think and the solution not so obvious.

 



it's clear. how can you not see? the argument is "grounded". there is a strong difference between experts and smart scammers.

It's people that don't understand fundamentals.

There is no founded argument that increasing 7tps increasing the value.  Economics doesn't support it.  There is no grounded arguments.  There are only people that have no understanding of economics that are screaming like roger "It obvious you dummies" .

Sometimes when the experts and knowledgeable people disagree with what seems like common sense, its because the problem is more complex than you think and the solution not so obvious.

I think I'll wait until there's a nice Bitpay client that will do this split for me. I'm sure it will have mooned by then.  

In that case, odds that it will overtake what is currently called bitcoin?

Regarding Bitcoin Cash:

I hope the whole damn thing ends up completely consolidated into a single, gigantic Chinese data center.

With 128 MB blocks.

Where the mega miner can make dev changes directly to the code and adopt his/her own changes without user concern.

Perhaps even change it to closed source. And get rid of the coin cap.

Behind the Great Firewall.

Where the Chinese Govt. can block it at any time they wish.

Sounds perfectly like Satoshi's vision, yeah?