We've already won the fight for SHA256 hashpower and the other coins haven't even realised why.
The reason is the block transaction fees. Block 578691 has just 407 transactions with a size of 9.3mb. More importantly it has 4.27 BSV in fees attached to it. A regular block with many small sized transactions won't even get close to this amount of fees.
So what do you think will happen when the transaction fees make BSV more profitable to mine? The hash comes to us.
BCH can't compete with this unless they push for blocks much larger than what we're capable of and can fill them, not going to happen anytime soon. BTC hasn't got a hope in hell as the only time the fees rise is when they're at capacity, the more this happens the more users will leave for greener pasteurs.
To accelerate this process we need to build as many BSV services as we can that will start to bring in the fees. It's a new frontier with plenty of opportunity.
>We've already won the fight for SHA256 hashpower and the other coins haven't even realised why. What? Everyone knows BTC dominates hashpower, that isn't news user.
Jonathan Robinson
Good question ;)
Brody Clark
Reminder that these are the people running the shill campaign against CSW
CSW is running the shill campaign against CSW. The dude is a fucking moron.
Connor Martinez
>[01G] idk how any rational person can still be aligned with Bitcoin Segwit. Still having faith in BCH I can understand, as I'm still somewhat of a fence sitter myself on BCH and SV. I want the latter to succeed and it seems like its got the most going for it, though idk if the market cares rn. I think a lot of people are satisfied with BCH for the time being.
Andrew Powell
Bitcoin is not a cryptocurrency, it's an address space that people ascribe value to based on real-world expenditure being realized to secure the contents of the address space, which can be seen more practically as a ledger since chronology and time is involved.
BTC fucked this up with Segwit (an entirely vestigial construct that leeches from the base address space) and BCH is fucking it up with CTOR and Graphene.
Why the fuck do developers insist on fucking with the way transactions are done on the protocol? With Core and Segwit I can't help but feel they are just being malicious, but with BCH I think they're misguided, but maybe there is some other thing happening.
Joshua Miller
Bitcoin/ecdsa does not use encryption at all. You can not encrypt a message natively in the protocol. "Hashcash" is a much better way to look at it than "cryptocurrency." Monero and Zcash are cryptocurrencies, because you use encryption to obfuscate transaction data.
They are all fools, idiots or feds. There are no developers in bitcoin, just bad miners. Eventually they'll get this
Mason Turner
BSV transactions are fake spam, no one want to store 9.3mb for 250 dollars, unless it’s illegal content. You can literally get 150gb for few bucks using any legit file storage service. Unless you want to fill the blocks with cp... The sooner you realize that, the better.
Didn't read that. Bitcoin is a cryptocurrency. It's not a debate.
Lincoln Nguyen
>be the only BSV miner >be a millionaire that want to show off fake capabilities spending 250dollars that anyway he will probably collect back as miner reward > spam for free and * honk *, big announcement on Twitter
>We've already won the fight for SHA256 hashpower * INHALES * AAAAAAAAAAAAAAAAAAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAGHAHAHAHAGAGAGAGAHAHAHAHAHAHAHAHAHAJAHHAHAHAHAHAHAHAHAHAHAHA
THE ABSOLUTE STATE OF DELUSION
Tyler Nelson
>show off fake capabilities You keep using the word "fake". I don't think you understand what the word means.
Parker Edwards
I'm just stating facts, Bitcoin does not use encryption in any way.
>Bitcoin does not use encryption in any way. you are stupid signig is encrypting a hash with your private key
Henry Green
"Encryption preserves confidentiality of the message ("some data"), while signing provides non-repudiation: i.e. only the entity that signed it could have signed it."
Brandon Murphy
that doesnt mean i dont accept payments its just nobody pays for doing satoshis work.
James Young
I'm not going to argue with you. You're just wrong.
Alexander Martinez
read up on this shit nigga! crypto is fun. public key cryptography is a bit special because it works both ways depending on which key you use to encrypt.
Josiah Garcia
>signing transactions
Nah, Bitcoin Segwit doesn't do that anymore and that blockchain is forever ruined.
Wyatt Miller
People don't realize how much of a disaster Segwit really is. It was a really, really bad idea.
Bentley Rodriguez
yes but it will be fine some people don't realize that altho segwit was a fucking bad idea it doesn't mean all that much and completely optional to use it.
Christopher Wright
>optional >bunch of unsigned transactions in the blockchain >its totally cool, bro. we don't need to verify anyone actually owns the private keys that made the transaction
Nathan Davis
alright then try to send a segwit tx without signature!
Jacob Wilson
What's the best miner for $600? Sha256
Christopher James
>For non-SegWit nodes or miners, this is an ingenious trick. This transaction is a “non-standard” transaction, also called “anyone-can-spend outputs”. Such transactions are not relayed in the network. However, if a miner (SegWit miner) includes a nonstandard transaction in a block, such block will be valid and the transaction will be relayed.
Dominic Campbell
btw do you even know what pay to script hash means?
John Watson
>You don't understand the game of mining. If you build a miner paradise and ignore that no user in this planet is willing to pay 250$ to store 9mb, you are delusional. Big blocks? You ends up with centralization, so there is literally no point of using BSV over Dropbox. The only reason you want to store file on the blockchain is illegal content cause they cannot be deleted.
Austin Young
The signature is discarded to make more room and all that is left is the witness hash. Its the most retarded method of scaling ever conceived. Seriously this shit had to be malicious. Its also going to prevent btc from every being used in any form of contracting, which I guess is fine because Blockstream made sure to limit the protocol and scale in pretty much every way conceivable so smart contracts and other business applications weren't going to happen anyway (even though these things were always intended on the protocol). Garbage fire of a fucking coin. Lost every advantage it ever had and fucked up adoption, setting us back years because now we need to migrate to another chain. I'll never forgive Core.
>anyone-can-spend >its not a flaw its a feature!
This is such a fucked up incentives scheme baked in to Segwit... With a 51% attack you can only double spend your transactions. With SegwitCoin and anyone-can-spend a 51% attacker can then spend anything that's been used in Segwit addresses. Because the pot is now something beyond an individual miners double spend and now includes funds of others it incentives miners to form a cartel and 51%. Whereas before the incentive to attack the chain really only benefited a single spender/miner.
Aiden Walker
>Big blocks? You ends up with centralization, so there is literally no point of using BSV over Dropbox.
Ok, not fake but not applicable to real world economy. No one want to pay a miner to: -get BSV -spend BSV for transaction fee to store data -spend BSV to access data It is RETARDED, it’s slow, expensive and totally non sense
Caleb Jones
I bet this guy thinks he's verifying transactions on his laptop.
>With SegwitCoin and anyone-can-spend a 51% attacker can then spend anything that's been used in Segwit addresses Massive if true. If true, this will happen once all the hash power has been yanked over to bsv
Cooper Smith
btw do you even know what pay to script hash means?
Brayden Gomez
Again, you don't understand the game of mining!
Centralization is never the problem at scale, because it is a ridiculously profitable endeavor with a lot of optionality that allows the most pure form of competition ever devised by man. This is the entire point of Nakamoto Consensus. There will always be competition.
Colton Nelson
not true but he can spend anything in the mempool that is coming from a segwit wallet as he pleases its just vitcoin would fork immediately.
Austin Evans
*bitcoin and while the price would suffer such an attack temporarily the attacker would be largely alone on his new network and his forked coin worthless
Jonathan Wood
Ledger = time Address space = space Segwit = black hole
"You're not ready for that one yet, but your kids are gonna love it."
>13 Posts by the same ID >10 Posts by the same ID Cope, Vishnus
Jaxon Butler
During the bcash days i never believed that paid shills are a thing because people are dumb enough to shill dumb ideas and scams for free...but this is a whole new level...fucking no one would go this low for free
Liam Watson
Im invested in bsv and I got a lot, in my own estimate. I have 21 bsv. sometimes I unironically withdraw and deposit somewhere just to use the chain
but why the fuck does it take 36 long ass confirmations? once it took 22 hours to arrive.
