Off Topic: Is anyone else creeped out by having an open ledger? As soon as I transact with someone or an entity, they now have access to view my wallet's holding/transactions via pub key. I don't know how I feel about Overstock having that information.
You never use the same address twice. scatter received coins over other addresses.
Did Bitcoin just prove it can't scale?
441–450 of 501 posts
Re: Did Bitcoin just prove it can't scale?
#442Earlier quoted context omitted.
It's 0.001% over-inflated? So it reaches the 2020 halving earlier, and wins then too.
In the ~4 months since its creation, 115,975 Bcash tokens were mined ahead of schedule.
Re: Did Bitcoin just prove it can't scale?
#443Others here are touching on Bitcoin being like the "1.0" of cryptocurrency, but it's actually a lot more than that. In the public eye, it's a symbol of what cryptocurrencies can be. You're suggesting Bitcoin just proved it can't scale, but it actually just proved it did--just not with transaction volume. The network continued to process transactions averaging one block every ten minutes exactly as it was built to do,…
The size of blocks is not core to the algorithm of Bitcoin though. What would you say to the person trying to send $30 only to have $20 of it eaten up in fees? Come back later when you can afford to use Bitcoin?
Re: Did Bitcoin just prove it can't scale?
#444Earlier quoted context omitted.
If proof of stake proves itself to actually work, Bitcoin will adopt it. Migrating a 200 billion dollar network to an untested PoW proposal would be irresponsible. Arbitrarily increasing blocksize without addressing propagation delay and centralization impacts is also irresponsible. Bitcoin has been tirelessly working on the scaling problem in a responsible way. SegWit will allow up to 12t/s. Mimble Wimble and Schnor…
> If proof of stake proves itself to actually work, Bitcoin will adopt it. I wouldn't hold my breath for that. Bitcoin still is having a holy war about increasing the blocksize. One side effect of this whole deal is it shows that it is incredibly hard, if not possible, to change a decentralized system. By its very design, it will be all but impossible to make any breaking changes to bitcoin at this point. > Lightning…
There have even been successful atomic BitcoinLitecoin cross-chain transactions with Lightning last month.
Re: Did Bitcoin just prove it can't scale?
#445https://us.teamblind.com/article/update-from-block---btc-fut...
Re: Did Bitcoin just prove it can't scale?
#446Earlier quoted context omitted.
Dogecoin has much cheaper fees than Bcash and its block confirmation target is around 1 minute -- roughly an order of magnitude cheaper and faster than Bcash.
A note to readers: "Bcash" is a derogary term used by Core supporters to undermine and discredit Bitcoin Cash. Always be mindful when someone uses it.
Re: Did Bitcoin just prove it can't scale?
#447Earlier quoted context omitted.
Don't feign ignorance. You know exactly what I'm talking about. :)
For those who don't understand what this is about: one of the tactics that trolls like grubles use is referring to Bitcoin Cash as Bcash as a form of derision. Bitcoin Cash does not call itself Bcash and the term Bcash is considered derogatory.
Re: Did Bitcoin just prove it can't scale?
#448Earlier quoted context omitted.
In the ~4 months since its creation, 115,975 Bcash tokens were mined ahead of schedule.
It is about 60 days ahead at most and it doesn't matter because the hard cap of 21 million coins is till the same. This has gotta be the dumbest argument I've ever heard.
Re: Did Bitcoin just prove it can't scale?
#449That sir is a first world problem!