NPCs Assemble

>reversible transactions

lmao

They are over-engineered and hard to implement solutions. There are better on chain solutions and BTC just has to shift from POW to survive, but they won't.

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NO FUCK FUCK FUCK FUCK
AHHHHHHHHHHHH
WHY
AM I SO LONELY
AND FUCKING
HORNY
AGHAHWASHDSAHJDJHASFAS
ASDJFKJSKFAJS:FAJSHKFGAKFGHKA:HK
HKAHASJFHASDJLASJLFAGFGSJD
ASFASFUJIWUQOIHASZJFDAWAE

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oh dear my nofap streak

my laptop has that exact sticker covering the apple logo

Your gonna lose all your money like this dude.

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You've got a lot more shilling to do before the next halving if you are going to meet your price targets. Best get to work. The BSV business model is to make more profit from fees from huge blocks. The bigger the blocks, the more profit. Everything but BSV is dead crypto walking.

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nah, top of my head

>Why is Lightning Network bad?
It's not. This is the best shot blockchain has at scaling to mass adoption. Although I think hashgraph will be the "mainstream" coin with bitcoin relegated to the dark web
>Why is Segwit bad?
It's not. You need to segregate the witness to prevent transaction malleability which is needed for ln. Also segwit allows for >1mb blocks, improved signature hashing, improved multisig, etc. Segwit is objectively good

LN is retard reengineering
Segwit breaks the chain rendering it's integrity void
BSV is Bitcoin now and will become the million dollar coin
Screencap this

>bchsv is the poo in the street coin now and will become the million poo coin
>screencrap this

Yeah it used to be that way before blockstream blocked the stream

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Why would normalfags want to use this shit. WHy do you faggots want bitcoin to be so goddamn complicated. what kind of normalfag will want to buy bitcoin, set up a node, a watch tower or whatever the fuck, set up lightning etc etc.

if you say use a custodial wallet then the normalfag will just think it's some kind of bank and go back to venmo, which already WORKS

cry some more

autists are obsessed with numbers and can't fathom not being able to verify our central banks ledgers
so they'll be the ones making sure everything is legit while NPC fags will adopt late and utilize a centralized service

also how are you going to explain lightning to a technically illiterate person

"Oh yeah, you set up your wallet, and then you download and run a node, it always has to be online. and you can't send ALL your money. you can only send some pieces of it some time because of channels, and that depends on how much you spend where"

the normalfag will look at you like you're crazy.

what's interesting is after eltoo and watchtowers LN will have custodial wallets available for mobile
so it will be as simple as using cash but still some NPCs will use coinbase node or whatever

then it's literally using a bank. you went full circle back to bank hood. holy fucking deluded

BITCOIN IS NOT FOR BRAINLETS! NORMIES CAN GO FUCK OFF!

you don't understand any of this lol jesus christ the brainlets here

actually I missed one word my bad
eltoo and watchtowers allows non-custodial* wallets
while NPCs will use a custodial service

>how are you going to explain tcp/ip to a technically illiterate person?

The only way for that to work if you abstract it all away with a custodial wallet. then guess what chimp? you just went back to have a bank account. the point is you own your own money. Normalfags will never use this shit, not in a hundred years

>Normalfags will never use this shit, not in a hundred years

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Capped. Which of these two worldviews eventually wins out is the most interesting question of our day, lads. Personally, I think BSV is the best risk/reward of all the current offerings.
Whoever wins, this cap should be pretty lulzy in a few years.

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cringe

They aren't bad.

It's small block sizes so poor people aren't able to do small transactions. This forces them on the lightning network, which basically means they don't own the bitcoin anymore and need to borrow it from others, or force to use their channels and pay them fees.

>Brainwashed to perfection.

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I want to test out LN. Whats the best wallet?

big blocks centralize who can verify the network and it's proven it can't scale
if you want another central bank shitcoin support big blocks

didnt luke jr wanna reduce the blocksize to 800 KB? KEK. this coin is a joke. i feel bad for any deluded fuck who still is pro bitcoin

bcash 3% security and worth of bitcoin
makes propaganda about a guy cited by satoshi in the white paper
the absolute state of cringe pajeets

the fact that you retards keep bringing up bcash when nobody mentions it proves you're afraid of it

you fags post lies and bullshit daily and it never catches on
the fact you have to attack the most secure and decentralized project speaks volumes on your fear of bitcoin

>you fags
lol
I literally dont think any crypto can scale
to me it's all shit
i sold all my coins months ago because no project can prove it can compete with paypal in transactions per second. Ethereum is a scam and even bcash can't move more than 100 tx/s.
when a coin can actually compete with visa I will buy, but none can

It is really sad what has happened. If only Gavin had never stepped down. If only Jihan hadn't been such a goddamn retard and used his hashpower to nip the small blocker nonsense in the bud, things might have turned out differently, but here we are. Real PoW with a static protocol is going to win out eventually, but the path we are taking is certainly not the most direct one.

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then why are you commenting on my response to a cashie
btw lighting scales past visa

Are you a literal retard? You dont run your own goddamn LN node. You need a professional server to handle that. Professional financial companies well set up a node that millions of people all connect to. So all you have to do is set up a connection with their node, which will be seamless because its built into whatever wallet you have downloaded. Then they in turn have connections to every other major node company like themselves. So the entire world can connect in no more than 4 hops across the network.

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...

>I literally dont think any crypto can scale
>to me it's all shit
>i sold all my coins months ago
The true face of Satoj's vision. Take a good look, pageets, this is the quality of person beside you in the trenches.

gavin met with the CIA and got paid off
bitcointalk.org/index.php?topic=6652.0
it's no coincidence he vouched for craig and tried to dismantle the project in many ways since then

miners were proven to be simply service providers
jihan's acts cost bitmain billions of dollars and he was fired from the company for being a chink retard

what advantages does this give over a bank account?
because bitcoin took a gamble with small blocks and 2nd layer while bitcoin cash took a gamble with big blocks, but now as time goes on it looks more like the big blocks will edge out, just because they're easier to use and maybe some hitherto unseen update will fix block propagation. lightning is dead in the water with pathetic growth.

still no coin can scale right now

Nope! That is not how multisig wallets work. The node cannot spend your money without your signature. At any point you (or anyone else) can send the latest settlement statement to get all your money back on chain. Its no different than a normal wallet if you want to do normal, on chain transactions.

the big block camp is holding 3% value and has no direction lol
how new are you?

why does that matter? neither coin can scale so I don't care. everything is going to 0 in my eyes

No one can spend it except you. The node needs your signature plus their own to execute any transaction. You can upload the latest settlement to the network whenever you want to pull all your money out and there is nothing they can do to stop you. Its no different than a regular bitcoin address, but it allows you to use LN if you want.

they already did. it's called bitcoin green.

>Gavin is CIA

>chink retard
On that, we can at least agree.

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LN takes all the fees offchain. What happens in 9 years when the block rewards are 1.5625? Better hope BTC is worth over 100k to keep that hash rate up. What happens another 8 years after that when the block reward is 0.390625BTC?

Without fees to miners bitcoin is not sustainable. That is obvious to anyone with half a brain.

Core will end up increasing the inflation rate past 21million. It's the only way they can maintain their hash rate over time. This is a 100% guarantee with the LN.

>big blocks centralize who can verify the network and it's proven it can't scale

>ACTUALLY believes people can't afford 2TB hard drives

it's 2019

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RSK is merge mined
the future of some sidechains will use bitcoin miner's security to secure their specified sidechains
these mining fees will go towards the block reward
we have ~9-13 years to develop these out
rootstock network has like 15 times more hashing power security than bcash

ever hear of bandwidth?

Yeah, the whole "Bitcoin can't scale because god forbid we require robust miner nodes" narrative is just so tiresome. It needs to die, yet the retards propagate it, day in and day out.

Your IP address is like your postal address on the internet.

You are a fucking tard

I prefer this shitshow happening now than with btc @ 100k$.

this

>bitcoin is the greatest invention of our lifetime
>bitcoin is so shit we have to stack 12 different technologies ontop of it for it to function as a peer-to-peer cash outlines in the whitepaper

pick one

it doesn't matter anymore. The bcash/bsv split destroyed the credibility of alternatives.

holy kek

>big blocks centralize who can verify the network
an 8tb drive is $150 now, fuck off kike

what will happen? how will we return to real "PoW with a static protocol"?

If both of these things suck, it doesn't matter because BTC the only truly decentralized crypto

An 8MB block every 12 minutes means you need an internet connection of at least 12kb/s. That's literally dial-up tier. Dial-up can reach 56kb/s.

GET YOUR FUCKING HEADS OUT OF YOUR ASSES AND DO SOME MATH BEFORE POSTING I'M TIRED OF DEBATING THIS SHIT

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Lightning would provide an advantage to those living in countries which are currently under-supported by the finance industry, or those who do not have access to bank accounts.

Think about it, anyone in the world with an internet connection can now send and receive money for almost nothing. Paypal and Venmo can't do that, as they are dependent upon the global banking system to function, and therefore geographically limited.

hell, someone with dialup, assuming they have all the blocks downloaded, could technically process 32mb blocks. EVEN then, there's still 0-conf transactions, so this debate is just dumb

block propagation has nothing to do with bandwidth. Even if you wanted to send a 120 mb block it would take hours to propagate

honestly, if BTC pumps SV will probably follow too, kek, might as well hedge with SV, it's win win

To my understanding the bitcoin mining software just needs to be updated to be multi-threaded. Back in 2009 multithreaded CPUs werent as common as they are now.

The current vector of attack is changing the software so less information needs to be propagated. But I imagine making bitcoin multi-threaded would involve rewriting everything from the ground up

Literally useless. NO ONE uses Bitcoin for payments.

The few people who do use Bitcoin to transact use it for buying illegal shit. They obviously won’t use Lightning and risk exposing their identities to use it when the Bitcoin blockchain works fine. It doesn’t matter whether it takes 1 second or 10 hours to confirm when you’re buying illegal shit online.

How does Lightning verify if transactions are accurate if there is no mining?

Sent ;)

Why SegWit is bad:
youtube.com/watch?v=VoFb3mcxluY

Why the Lightning Network is bad:
youtube.com/watch?v=DFZOrtlQXWc

Why Blockstream is bad:

Investor in Blockstream: AXA, see this link:
crunchbase.com/organization/blockstream/investors/investors_list

CEO of AXA:
en.wikipedia.org/wiki/Thomas_Buberl

Former CEO of AXA:
en.wikipedia.org/wiki/Henri_de_Castries

Both of whom happen to be in the Bilderberg meetings:
bilderbergmeetings.org/participants2017.html

The earlier CEO is even:
CHAIRMAN STEERING COMMITTEE
Castries, Henri de (FRA), President of Institut Montaigne; Former Chairman and CEO, AXA

Why BTC (Core) is bad, the high fees of December 2017 were BY DESIGN:
weusecoins.com/gregory-maxwell-bitcoin-expert/

Who is Gregory Maxwell, you ask? Well glad you asked, a BTC Core developer and CTO of Blockstream:
weusecoins.com/gregory-maxwell-bitcoin-expert/

Sorry, wrong first link, let me try again:

Why BTC (Core) is bad, the high fees of December 2017 were BY DESIGN:
lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

I own a little over 50 BSV as suicide insurance, pretty sure craig is a scammer though desu, which is a shame because I like their scaling solution more than core's.

LMAO, so many corefucks trying to defend their precious store of value from BCH. Flippening with ETH is going to be this year.

Because the coins are stored in special multisig wallets before they can be used with LN. Quick recap:

>user makes a multisig wallet with Tradehub. Tradehub is a professional LN node.
>user wants to send his bitcoins to coinbase
>user signs a statement with Tradehub that says my coinbase account now has 10 coins and my tradehub account has 0 coins. Tradehub also signs it.
>tradehub contacts the coinbase node and they sign a statement. It says tradehub now has 10 less coins and coinbase now has 10 more.
>none of this gets added to the chain. Both nodes keep a copy of the latest statement in storage for if they ever want to finalize the transaction.
>coinbase credits your account with the coins. While nothing ever got added to the chain, coinbase can at any time upload that statement and claim all coins it references. Its basically as good as having the coins.
>since none of this goes on the chain it can all happen instantly and in parallel

If you are wondering how they verify it, coinbase has a copy of the entire blockchain stored and they just reference the info there to see yes you do have the coins you are trying to spend. Its exactly the same as regular transactions in that way.

This guy is a complete brainlet. Why did you even post this? He doesnt even know what segwit is.

okay, but what is stopping a double spend from happening prior to final settlement on the main chain? This is as reliable as paypal, not blockchain.

Why do people keep calling bitcoin 'bitcoin core'? Just seems silly.

Watchtowers. When you do a LN transaction you have to broadcast it to the LN netwetwork. Watchtowers record this statement and store it, and its considered "canon" as soon as they recieve it assuming it doesnt conflict with any other statements they have stored.

Assuming user was a faggot and wanted to rob coinbase in the above example, he could upload his original statement before he moved the coins to remove his coins from the network. Watchtowers would see this, and upload the newer version which conflicts with the older version. The software is designed to prioritize newer versions first so his original statement gets ignored.

All of this depends on watchtower computers staying online 24/7 watching the network. If they went down then double spend shenanigans could happen. But as long as at least one remains online then LN should be safe. Watchtowers receive a fee when they perform these services which incentivizes their existence.

Both are bad, because they’re still PoW. Concensuses like PoW and PoS are too prone to centralization and thus will cause the bottleneck to mainstream adoption. Read up about Obelisk consensus if you’re really into the tech.

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He does, he speaks gibberish for the first half of the video, then goes into detail and it starts to make sense. In SegWit, a miner can release a block to the network but delay releasing the co-block with the SegWit signatures. Now some other miners can start mining on top of that block before they actually verify the co-block, to gain an advantage to the other miners. Sooner or later, most miners won't be verifying any SegWit transactions and at some point people could start losing money.

absolutely based, mein negger

SKYCoin CEO has no penis and only one testicle
Community manager Sudo is a space alien
Team is mostly lizard people
Telegram room is hosted on the Tron network
Insider trading of cats and thots happens daily
Partnership with Ivan the Terrible
McAfee's Sky Coin tattoo drawn with baby kitten's blood
Partnership with shady-as-fuck Adolf Hitler
Working with corrupt international governments of Lannister, Targaryen and Bolton
Sold miners to plebs for one million dollars, to mine a fucking carrot
Claim to have one billion nodes deployed but each Skyminer has one billion nodes so it's really only 1 node lol
Desktop wallet steals your television
Android wallet full of cockroaches
iOS wallet rejected by Apple due to worms
Hardware wallet made of play-doh
Antenna just a coat-hanger
Coin Hours banned in most countries
Sky Coin token only used for human trafficking
The Sky Coin "blockchain" runs on an old wooden abacus in Synth’s caravan
The only games or apps running on Skycoin CX are Red Dead Redemption 2 and Fallout 76
Only activity on GitHub is Sudo and Synth posting dick pics
Sky Coin CEO eats babies and fakes his own death every day
All the projects launched on Skycoin Fiber have been charged with international war crimes

If you buy 100000% scam sKy~CoIN tokens you will get fucked up the ass by Ernest Khalimov.

It's time to censor SkY cOiN from /biz today!

>You actually have to USE fiat currency.
>not just horde it for decades, untouched, expecting to get rich off it from doing nothing.

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good thread OP