"This is an attack on Bitcoin"

>"This is an attack on Bitcoin"

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Other urls found in this thread:

en.wikipedia.org/wiki/Metcalfe's_law
hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62
twitter.com/SFWRedditImages

so are you defending blockstream? I don't get it

>bigger than 1MB blocks will cause centralization

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>don't trust, verify

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>non-mining full node

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>the absolute state of bcashers

I actually find it fucking unbelievable that so many people seriously think a 100mb block would cause mass centralisation in the year of our lord 2018

who would build a 2nd layer solution on top of a flawed 1st layer? none of it makes sense.

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Any protocol is flawed. For instance, the protocols the internet is built on. Yet it just werks.

>100mb
>mb
try terabyte faggot

to all you faggots thinking that you can actually scale onchain, heres a question:
We know that to pay for a transaction you pay in sats per byte, lets say in some utopic future bcash becomes the main way people pay for shit, like it gets paypal-like amount of transactions.....that would take 1 bcash to at least 1mil$.....which fucking means since you pay your transaction in bch - the fees would still be fucking huge in $...
>b-but we are just going to incvrease the block size eaven more to keep fees low
sure thing retard, how the fuck do you incentivize miners when the block reward becomes very low or stops?

>bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash bcash was the attack now its dying.

You use the internet right? Every single layer is fucked up.

Where did you learn math, pajeet?

it makes sense when you realize that the whole purpose was to subvert the bitcoin revolution

ok explain it to me than faggot

Imagine being the pajeet that's hired to shill bcash in this shithole. Imagine that's literally your life.

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just buy BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH

ironic

Why fork into a bigger block size limit when absolutely no one gives a fuck about it? Why fork and increase it again when still no one gives a fuck about it and blocks are smaller than 200kb?

The answer is its a scam and you shills really ought to kys. Think about it: You're pajeets, poor and your job is obnoxious as shit. Think about it.

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Let's say x is the minimal fee (in $) you have to pay to get your transaction confirmed. Our target is to keep x below a certain threshold (maybe 0.01$) and give miners an incentive to mine.
The miner reward (in $) is #TransactionsPerBlock*x. This shows that the miner reward (in BTC) stays the same if the number of transactions increase proportionally compared to the BTC price. If Metcalfe's law holds, the number of transactions should even increase quadratically compared to the BTC price, so we can assume that this strategy will work.
en.wikipedia.org/wiki/Metcalfe's_law
For example take x = 0.05$, n = 32000 (number of tx per block), p = 2000 (price of 1 BTC), then you get

block reward (in BTC) = (x*n)/p = 0.8BTC

tl;dr
more transactions = more fees, it's very basic isn't it?

yes but you need constant exponential growth...what if you get to huge blocks and than the use goes down dramatically because some regulation or some of the other 10000 factors that could make people use it less (eaven for a short amount of time like a few months)......and the price also goes down (its a speculative asset after all).....now miners have empty blocks and cant make money on fees, lets say this is in like 30 years and the block reward is also very very low.....the network would slowly die....

its like the boomer system where they said: yeah sure lets give ourselves huge pensions when we retire because the economy is going to keep growing forever and new generations are just going to keep making more and more value and the sytstem wont collapse...they were kinda wrong
this is why i think a more conservative a proach is better

So you're saying you don't know the trade-offs of increasing the block size and you think it's just about storage right?
Even ETH is starting to have problems already.
Can't fucking even sync it unless you have a 1 TB SSD.
hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

The bcore team all use their BTC to purchase BBC porn

No doubt about it

They all look like they're into fairy and pony shit or whatever the fuck ELF shit who knows

>I secure the network by running a node on my raspberry pi

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because this fags says it needs it

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You're Pajeets, you don't even have a fucking clue what increasing the blocksize even means - it doesn't mean it's always 32MB, dumbshits!

r/btc

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Btc is for fags

LN is hijack attempt by Bilderberg bankers, read the facts!
Big hubs will require KYC compliance, this development is already loud and clear.
You may believe in possibility of getting rich but they will not succeed. People will always prefer economic freedom!

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most stupid comment of the day.jpg

Please educate me.

educate you on what?
you just started spouting bullshit. Prove any of the things you fucking said
fucking retard
go to bed and let the adults talk.
holy shit this mentality that every opinion must be right. fuck off.

Relax Amir, did I touch a nerve?

You know what 100kb sized blocks means? It means nearly no one gives a fuck about your (twice) increased limit, the amount of bcash shilling here and elsewhere is completely disproportionate to the actual use and demand for it.

Also a friendly reminder: as a lower class pajeet no hot western girl will ever really be attracted to you, even if one of your online bamboozles were to turn a profit. People joke about you smelling funny here.

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Wow, you act so mature... Look up Blockstreams investors, thats no secret.
Currently 0.4% of hubs control 51% of the capacity, as many have predicted.
Both parties need to sign tx in LN. You control liquidity by restricting/declining to sign txs or imposing arbitrary limits

>seething corejeets
0.000122BTC(-0.0001 fee) has been deposited to your account

>saying .jpg after any and every sentence

It's easy to spot AXA astroturf, they try hard to fit in.

This. Cashies are retard pajeets.

t. corejeet sock puppet

The fun starts next month

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>t. pajeet calling others pajeets.

Bcash is a corporation, Bitcoin isn't.

>kikestream isn’t a corporation
>BCore is (((open source)))

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Lmao this troll or stupidity.

But I guess you could call an implementation a corporation. As for bitcoin being non-corporate, that's true for the bitcoin cash chain but not the bitcoin core chain.

>first they ignore you
>then they laugh at you
>then they fight you (we are here)
>then you win