Topic: Yep.. BU absolutely definitely possibly maybe ready for prime time.. - page 2. (Read 3238 times)

LN is NOT, repeat NOT a scaling solution. It is a nice-to-have thingy to make micropayments, so people do not have to resort to DOGE or LTC to pay for coffee.

Like a corporate gift card from Starbucks or whatever...

We still need a real scaling solution and bigger blocks. LTC's Charlie Lee has promised it, for BTC a promise is not enough. It must be in the code.

I suggest locking BU devs and Core devs into a bunker and not let them out until a satisfactory compromise has been created  

well if people want to fill every block by spending 144 times a day and they are not doing lean tx's then they should pay more.

EG not just a pay per byte, but a pay per lack of many confirms.
EG you pay 144 times more if you want to spend every block, compared to someone who only spends once a day.

the benefit is then if its not spam but a service that needs to send every block. they then move over to LN and save lots of fees

that way users that only spend once a day are not paying the price

I want you to show that you can do basic research, provide the proper sources and properly quote the relevant information.

Who are you to decide what is or what isn't spam based on some "formula"?

and spammer can be dealt with by adding a new priority fee forumale that hurts spammers and rewards those that dont spam

the genesis block. can you not even find it?

Whether I favor corporations or not is entirely irrelevant.

Which "comments" are your referring to? Please quote and provide a source.

It looks like Maxwell is part of some of your weird fantasies, as I have not mentioned him at all.

Spammers can, and already have, influenced the fee market. This is not going to change.

In a few decades.. speculation.

corporate lauda.. may your comments show your corporate adoring mindset.

can you even tell me why bitcoin was invented based on the comments in the genesis block
or are you too deep in the corporate backside.. that all you can see is your own greed and the inner workings of gmax

there is no reason at all that in the next few years to push fees up so high.

in a few decades when pools need it. the onchain capacity should have naturally grown (not at GB by midnight) at a natural progressive node capable rate that even users paying just 10cents would combine to give enough funds to pools

Bitcoin is not a charity. If you want to help people in need, join Caritas or something.

so you showed the swiss franc..

have you totally forgot about the unbanked world of third world countries.

you still talk crap and you dont know nothing about it. USA is not the center of the world.

1. onchain fee's of $1-$2 .. your thinking about corporate america.. come on look beyond your window.. $1-$2=>20 labour hours in multiple countries
think about the unbanked!!

2. LN has limitations. Eg lets say you just want to deposit $60 for microtransactions.. to open-close = $2-$4 = 3-6% (ps even the LN architects are suggesting only using $60 amounts due to a few risks that LN has (blackmail, chargebacks, address reuse attack)

3. LN although can be open for a year. think real worls usage. can you predict how much you would need to spend each day, beyond say 2 weeks..(ps even the LN architects are suggesting only using $60 amounts, for a 2 weekish lock-in due to a few risks that LN has (blackmail, chargebacks, address reuse attack)

so knowing people are only using it on average for just some of thier funds (not whole hoard) and for a couple weeks (not eternity) then you start to realise that even though xapo, coinbase, changetip all have internal offchain 'swapping' .. onchain capacity still needs to grow to cope with the depositing and withdrawing and also the 'larger spends'

please note that saying people should lock their entire hoard into a channel for eternity shows that your not looking at the reality, risks and limitations but trying to create a utopian and false hope narative.

onchain scaling needs to grow because LN will just help services like shapeshift/xapo.. but those peopl paying rent or travel or fortnigtly groceries will still be onchain and fighting for room alongside all the LN channel open-closing.

and i think is clear that you are the one here that has obsessions. I only follow the tech facts and believe to the best tech proposal. I have not change to this. I only want my value to bitcoin to be safe and usable in long term.

Nonsense. I have not lied about anything. Just because your perception of the truth is extremely bent, that doesn't mean that what I said was a lie.

You don't need a BIP, nor do you need anything adopted by Bitcoin Core either. You need community/industry consensus, and you can release your own client (or Core + patch).

I've never seen someone make a unbased nACK on something that was actually good.

My post has nothing to do with Blockstream. Get a life already, shill.

and then if anyone agree that micropayments can solved from LN what we need a block size increase? As i say even if bitcoin price double bitcoin is again very cheap,. 1-2$ for fees to transfer money is ridiculous cheap.

get passed the reddit scripts.

you will find that many are ok with LN as a side service. such as xapo is. such as coinbase, changetip, and shapeshift is.
for the faucet, day trader, gamblers..
but not as a REQUIRED service for all

pools dont give a crap about LN, neither do the other implementations. its reddit scripters insinuating what pools and other implementations want.

again LN as a voluntary side service is acceptable.. but NOT by pushing the fee's up by holding the blocklimit hostage with false promises and removing the reactive fee's to force everyone into permissioned commercial hub services

give this facepalm to your beloved boy Roger Ver. He claims that bitcoin is an everyday coffee payment system. I personal see bitcoin as it is. A decentralised payment system to store value and to transfer value around the world without the needing of the banking system.

so you went with the "buy coffee" reddit script
(facepalm)

the great opportunity for bitcoin to hafve a huge innovation. this are doing this proposal. In other hand bitcoin works fine as it is now and nothing will happen if never scale imo.
Is still very cheap to transfer a huge stake of bitcoin around the world. Even if the price double the fees will be only 1-2$, very cheap for someone that want to transfer some thousand of dollars or for someone to keep his anonymity.
And for sure bitcoin will not be good to buy your coffee. If you want this then you choose a wrong payment system.

tell me what makes segwit a good tech proposal
i edited the questions to be more about end user (not code) this time

i will answer what we will see if segwit activate and is lighting network, Tumblebit or p2p exchanges, sidechains
We will see all of them isn litecoin very soon.
And i am not a fan boy of blockstream. I dont care who does a good tech proposal and segwit seems to be a very good tested proposal.
For the same reason i am very positive to extension blocks idea but i am very negative to the crap code of BU.