I hope that Stripe consider support for GNU Taler!
Ending Bitcoin Support
651–659 of 659 posts
Re: Ending Bitcoin Support
#652Earlier quoted context omitted.
Arguably not. Based on testing, they're able to handle up to 25 tx/sec without any problems now, compared to Bitcoin struggling with only 5 to 10 tx/sec. And they have only a 8MB block limit currently, but are only using a small fraction of that on most blocks. And they have plenty of room to expand, given that a 10 terabyte hard drive is only a few hundred dollars now. I'm still incredulous that Bitcoin has resisted…
Isn't 25 tx/sec extremely low for something aiming to be a global payment system? I am not bashing BCH...they tried -- it just seems like something not based off of BTC might be the answer.
Again, that's with only an 8MB block size. They're now doing research into 1 GB block size limits. Think about it, with 10 terabyte hard drive at $300, it's completely feasible to have 1GM blocks.
Re: Ending Bitcoin Support
#653Earlier quoted context omitted.
> Please unpack this statement. Which part of the Bitcoin system is functioning incorrectly? The payment system part. One of the main reasons why Satoshi created Bitcoin in the first place. As someone who got into Bitcoin in early 2011 (but left when things got crazy around 2014), it's utterly laughable to me that Bitcoin now can't even be used as a payment system. And that the fees per transaction are roughly the sa…
I have also been in Bitcoin since early 2011. I once thought as you did until I realized that the most important part of Bitcoin is censorship resistance. It's not about storing your latte payment on the immutable ledger forever . > Bitcoin now can't even be used as a payment system What about the part where the blocks are full of tons of payments ? The fork drama proved the most important part of Bitcoin: it's immut…
> If the Bitcoin Cash blocks get full, then we'll see how things go.
Yeah, then they'll raise the limit from 8MB to 16MB. With 10 terabyte hard drives at $300-$400, that's not a big deal for anyone running a full node.
Re: Ending Bitcoin Support
#654Earlier quoted context omitted.
That's why I said "wait". Do you know how long it's been in testing? Do you know how close it is to readiness?
Lightning has been close to readiness for what seems like an eternity. It's an exciting prospect to be sure (centralization worries aside) but I think it's important to keep our expectations reasonable. The long term future of cryptos is harmed by baseless hype.
Re: Ending Bitcoin Support
#655Stellar which they mention as alternative would probably suit them way better. It doesn't have any of the issues that were problem with Bitcoin, but it's adoption is significantly less. Litecoin support would be very nice to have, it is kind of obvious step for transaction processing.
Would prefer them to be looking into other coins such as Raiblocks.
Yeah Raiblocks is pretty interesting too. I really like what developer had done.
Re: Ending Bitcoin Support
#656For what it's worth, we just spent two weeks trying and failing to get Stripe's Bitcoin integration working on our site. The short version is that Stripe guaranteed a USD BTC exchange rate for an hour, after which they would automatically cancel the transaction. Given that most transactions now take well over an hour to be verified on the blockchain, that means basically every transaction fails.
I honestly don't know what use-case remains for Bitcoin. If you have large value transactions you'd probably choose something with privacy like Monero, and if you want something cheap and fast, maybe Bitcoin Cash. In both use-cases, you have a few competing alternatives. In no circumstance is Bitcoin preferable to one of the mature alternatives. ...and if no one is using it as a transaction medium, then acting as a s…
Ask Greg Maxwell. He is "popping the champagne" for reaching his goal of having a always full mempool (Greg is CTO of Blockstream and GitHub repo owner for Bitcoin Core.
Re: Ending Bitcoin Support
#657I hope that Stripe consider support for GNU Taler! https://gnutaler.org/
That website is a fake website. The real one is taler.net. See the discussion in the email list: http://lists.gnu.org/archive/html/taler/2018-01/msg00009.htm...
Re: Ending Bitcoin Support
#658I hope that Stripe consider support for GNU Taler! https://gnutaler.org/
That website is a fake website. The real one is taler.net. See the discussion in the email list: http://lists.gnu.org/archive/html/taler/2018-01/msg00009.htm...
Wow, that’s pretty serious, thank you for pointing it out!
Re: Ending Bitcoin Support
#659Earlier quoted context omitted.
> To be fair, people could also stop thinking gold is worth much. They've already noted that: > people's perception of its value will change But as they say, a gold bar will remain a gold bar, until and unless it is actively destroyed. Not so for bitcoins, which only remain so as long as they're actively maintained (not just individual coins but the mining networks which allows the creation of new transactions)
One of the properties of gold is that it cant be destroyed by chemical reactions. Physical destruction would amount to powderizing and dispersing over an area too wide to re-mine. There are other ways though: http://www.imdb.com/title/tt0058150/
FYI the link is to Goldfinger.