Topic: You Mad Bro? (Read 3350 times)
We should develop advanced AI and put it in charge of bitcoin development? Because we as Humans could never achieve total bias and emotion less judgement.
If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
Not quite. In Adam's analogy, 1 pizza = 1 tx. By doubling the blocksize limit, you're not making bigger pizzas (tx sizes don't change).
What's happening is loosely this:
Right now, a pizza delivery guy leaves the pizza shop roughly every 9 minutes. Today, his car can fit 500 delivery orders; after the block size increase, 1000.
P.S. re. "spam transactions":
The pizza shop get all sorts of orders called in -- some people just order a Coke, because too lazy to hit the bodega themselves. Smallblockers will have you think that the best way to deal with this is by keeping the Isetta delivery car, so no more than 500 orders will need to be delivered every 9 minutes.
This is stupid: just like the pizza shop, the miners can (and do) reject any order they don't feel like dealing with. They may choose to deliver Cokes to build up clientele, or charge $20 to deliver a Coke to your door.
Keeping a small delivery car simply means your pizza business can't grow
The most frustrating thing about the whole debate is the censorship. At least let people talk about it.
If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
The best thing in this scenario is that you increase the pizza price and so 500 customers will go away automatically seeing the price increase. And when you sell them to 500 people, you will get the profit of 1000 people buying pizza, because you have increase the price and profits per pizza. Hopes this helps. 
why he is mad? if he used bitcoin with sense then its impossible he became mad.
IT'S OVER
WE HAVE REACHED CONSENSUS !!!!!!!!!!!
https://twitter.com/cnLedger
this is coming from some meeting in China regarding trying to reach consensus.
WE HAVE REACHED CONSENSUS !!!!!!!!!!!
https://twitter.com/cnLedger
this is coming from some meeting in China regarding trying to reach consensus.
If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
why not?
Well I guess you could start a dating service, and encourage people to share the double pizza.
omfg that sounds like LN
why not cap the number of pizza you produce so you can really jack up the price! $_$
If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
why not?
Well I guess you could start a dating service, and encourage people to share the double pizza.
If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
why not?
If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.
already customers are discovering they like hamburgers as well ( ETH )
You mean the pump and dump scheme? The "Bitcoin 2.0 marketing fraud"? Anyone reasonable would stay away from such (aside from profiting to get more Bitcoins of course).most promising alt of all time
Bitcoin 2.0 marketing fraud
if i only produce 1 pizza a day i can sell it for 10,000$ because 1000 poeple want 1 pizza / day
if i only produce 1 MB of block space every 10 mins fees will rise, and the backlog will go away.
what's the dif?
already customers are discovering they like hamburgers as well ( ETH )
You mean the pump and dump scheme? The "Bitcoin 2.0 marketing fraud"? Anyone reasonable would stay away from such (aside from profiting to get more Bitcoins of course).I guess a lot of newbies must be using inferior services and wallets. That needs to change.
Either:1) People are using inferior services and wallets.
2) People don't know how to use Bitcoin (fee wise).
In either case, you can't blame Bitcoin if your transactions take longer to confirm.
Shit i have to pay 1000 satoshi more for my transactions.
Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
System is collapsing? Run around and panic? Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
I think people often see credit card as instant when it is not. Only the authorization is instant. The transaction itself doesn't happen sometimes for days.
With Bitcoin, you can look at a transaction with 0 confirmations as an auth. Once out on the system and relayed around, double spending it is very difficult if you are not a miner, so unless it is a high value - you don't really need to worry about whether it confirms within 1 or 17 hours.
It's still faster than credit card and unlike credit card, it can't be undone days later (aside from a 51% attack)
With Bitcoin, you can look at a transaction with 0 confirmations as an auth. Once out on the system and relayed around, double spending it is very difficult if you are not a miner, so unless it is a high value - you don't really need to worry about whether it confirms within 1 or 17 hours.
It's still faster than credit card and unlike credit card, it can't be undone days later (aside from a 51% attack)
yah i m mad ! mad about doing thngs perfectly and mad about earning wht typ of mad are u ?
wht typ of mad are u ? Shit i have to pay 1000 satoshi more for my transactions.
Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
fees will not rise substantially, thats not the issue, the issue is the line up will grow substantially .
believing fees will rise is like saying if i only produce 1 pizza a day i can sell it for 10,000$ because 1000 poeple want 1 pizza / day
believe or not your not the only pizzeria in town.
already customers are discovering they like hamburgers as well ( ETH )
It's not very polite to kill people while they're having lunch 
So yeah, what's your counter-argument regarding full nodes count?
So yeah, what's your counter-argument regarding full nodes count?
if poeple believe node count is dangerously low, they will sign up to a free AWS account and fire up a node.
so, node count is and always be at least as high as what poeple think is acceptable.
Shit i have to pay 1000 satoshi more for my transactions.
Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
Where will i get hold of this huge amount of money? Better raise that blocksize to 1 GB fast.
now.. when the core fanboys upgrade to segwit. not all of those 2500 regular updaters will stick to being full archival mode versions.. we could see as many as 500+ prefer to be the pruned no witness nodes. thus diluting down the amounts of real uptodate nodes with the latest rules that fully validate the blockchain.
basically only 2000 nodes fully validating segwit transactions/blocks
Or you could see a number of users saying - hey this new faster core with pruning looks better than a 3rd party wallet. I'm going to start using it.
No. You can't blame the product (i.e. Bitcoin) because the user does not know how to use it (i.e. include proper fees). I've never had any problems with this.
Me neither. I don't understand what the issue is. Coinbase pays the fee for the user and it is very fast, bitcoin-core has a slider you can adjust that tells you the approximate wait time based upon the current setting.
I guess a lot of newbies must be using inferior services and wallets. That needs to change.
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