See screencap
Is this prophetic or is this bullshit?
Thoughts? BTC 51% attack imminent
Hudson Garcia
Robert Rogers
everytime I read something about BTC I realize that BCH is the real deal.
Dominic Davis
500mb blocks dont work. according to the screen cap
Jeremiah Martinez
Pure BS
Adrian Nguyen
500MB blocks don't work at this moment.
You are forgetting the exponential growth of memory / hard disk sizes and the exponential decrease of price.
You are forgetting a lot of things here.
Bitcoin will not only revolutionize the financial industry, it will also boom the technology race for better faster microchips and memory.
keeping the blocksize at 1mb at all times is beyond retarded. not just a little retarded.
Evan Davis
moores law is dead now
Grayson Barnes
here's a history log of the prices of memory.
in 1957 the cost was $411,041,792 for one megabyte.
in 2018 the cost is $0.0068 for one megabyte.
and that's just market prices.
James Nelson
it doesn't even matter. tech will advance and new ways will be found to produce bigger, smaller memory anyways. we have micro chips now, wait till we get to nano chips.
Brayden Hughes
hes not talking about whether 500MB blocks are physically possible to propagate. Hes talking about the economic incentives for miners to be honest (transaction fee reward vs new block reward)
Levi Jackson
moores law is dead because chips cant be shrank any further so they simply can't fit more resistors in any smaller piece of silicon
yes, things will get better, but not in the rate to make 500mb blocks work in the near future unless the entire network requires to be ran in datacenters with 1 gigabit lines
Grayson Cox
not really, he said 500mb blocks will cause other issues, aka centralisation
Christian Johnson
moores law might be "dead" but tech advancment isnt.
towardsdatascience.com
Julian Johnson
no, but you still have the crux of the issue that any high block sizes means higher requirements of the node meaning less people can run one.
anyway, it's not even hardware whats the issue, more peoples internet speeds.
Dylan Gonzalez
not everyone is supposed to run a node.
how can you not understand that?
Connor Murphy
>people need to run nodes to validate transactions
>people need to transact offchain using LBTC and lightning
you literally got taken in by a group funded by Bildeberg and Mastercard. Did you really think they wanted to help bitcoin out of the goodness of their hearts?
Joseph Stewart
> decentralisation, what is it?
no, not everyone should be able to run a node, but then nodes shouldn't be left to people who have colocated space in DC's or want to shell out 4 figures a month on centralised cloud providers that do nothing for decentralisation anyway
I'm not defending BTC here, I hate lightning
both approaches dont work, BTC and all forks will die because of it, they're not going anywhere
Mason Ramirez
The post is mainly about the economics on why BTC will eventually fail
Is what he is saying BS or not?
Isaac Morris
Yes it is. Brace for impact. You have been told
Sage
Thomas Gray
>no, not everyone should be able to run a node, but then nodes shouldn't be left to people who have colocated space in DC's or want to shell out 4 figures a month on centralised cloud providers that do nothing for decentralisation anyway
if you want a global tier currency then we can't have "decentralization" in a way that every neckbeard can run a node in his basement. unless tech advances go super hard and that becomes possible.
currently the best bet for bitcoin is having a bunch of nodes in datacenters across nationstates. take it or leave it. decentralization at this moment with the infra we have is a meme.
Zachary Moore
I agree but BCH isn't the answer, digital money needs to be fully programmable or there's no functional advantage to actually using anything blockchain
Ryan Morgan
This seems grossly oversimplified and fails to consider 2 dozen other economic factors, incentives, and logistics. OP is homosexual and consider this thread saged.
Ethan Phillips
>if you want a global tier currency then we can't have "decentralization"
Thanks jihan
Alexander Evans
BCH has opcodes enabled and recently had it's first ICO on the platform. while BTC has nothing.
all im saying is that BCH > BTC in every way.
there's probably even better alts.
but BTC is the epitome of super shit.
Easton Johnson
Jihan realized the truth and stocked up on the real bitcoin. that's what I call a smart man.
Andrew Bell
it's chasing a loosing battle that eth will always win
Gabriel Smith
you are making assumptions without really knowing about anything so I am just going to stop talking here.
Aiden Garcia
kek
you say BCH has enabled op codes to allow for contracts or programmable money, I say who cares when you have eth
you don't know what you're talking about
no one is going to overtake a platform that has all the best devs and researches in the whole space
Leo Phillips
>no, not everyone should be able to run a node, but then nodes shouldn't be left to people who have colocated space in DC's or want to shell out 4 figures a month on centralised cloud providers that do nothing for decentralisation anyway
why?
Ethan Phillips
cause any large scale outage with any large colocator or saas provider is going to harm the network to a point where it could be sybil attacked
Aiden Jackson
if every country in the world has 100 datacenters that run nodes, how the fuck will there ever be an issue? braintard
Owen Allen
kek you need to google how the internet works
Daniel Fisher
bitcoin is more distributed and secure than ever and alt nocoiners are still trying to FUD it
lmao
Ryder Taylor
I'm a linux sysadministrator as profession, you need to shut up cause you are a retard.
now i'll really stop commenting cause I'm done arguing with a literal fucking retard
Carter White
well done you know how to use a linux terminal, what you want a fucking cookie?
Ryan Hill
its from 4 years ago
Wyatt White
there are plenty of people saying it's prophetic in this thread
things aren't 100% figured out for bitcoin but it's getting better
in 10 years we will have a much more accurate answer if bitcoin can last indefinitely but from 4 years ago to now its outlook is better
Ayden Williams
Sage with a pic wew lad
Michael Carter
Everyone I read something negative about Bitcoin I
1. Sit down
2. Laugh my ass off
3. realize it's paid BCH shills posting it
Michael Watson
Great video but I've cued it up to the most relevant part for you guys. Watch about 2 minutes.
youtu.be
Jacob Rodriguez
Actually watch just under 10 minutes. You won't regret it. It might upset you for a few days though.