Bitcoin - store of gold

As expected have a nice thread

probability says my IQ is likely higher than any random person such as yourself

>bitcoin cash - ?
store of gold, store of silver, stores all digital assets, acts as intermediary for trade of all digital assets, acts as a smart contract method of simple law intermediation for the ownership and creation of digital assets in the music industry, movie industry, and tech industry. Bitcoin Cash is what you get if you add all the good features of all other coins in the crypto space into one.

the funny thing is you wouldn't be so optimistic about its fundamentals if it wasn't for the recent moonings

Tungsten

If you do the math you will find you can easily scale to 7 million transactions a second at one-tenth a cent fees and get thousands of highly profitable miners. (youtube.com/watch?v=PKFkhWWiLDk) . Please tell me how it cannot scale if only asks the miners to scale who make massive profits? Please tell me how Lightning scales when the routing issue is NP Hard as admitted by Vitalik here (youtube.com/watch?v=oeM8BuzeSTc) and when we know the heuristic algorithm they will use will become less and less efficient at scale? Why would the BTC Segwit/Core team decide to choose a scaling solution that mathematically will not scale?

*sigh*

You know, this is prime example of why people like you shouldn't enter an engineering debate. But just to humour you, I'll explain.

Whenever you're scaling a system, you want to think of ways and methods to increase number of users at least with an order of magnitude, i.e. at least 10x. Now, let's take an example in which I can clearly explain the concept. You have a factory, where you use 1000 workers to put together some product. Your product is useful, and there's far more demand than you can supply, you have to upgrade. Increasing the blocksize would be the equivalent of hiring 1000 workers. You would have to build a brand new factory in order to house them, which would be extremely expensive, but in the end, you could be producing twice as many Bullshits™.

Ok, so you might naively think that this is a good solution, but it really isn't. It's not even what we call "scaling" in engineering, because even in the best case scenario, you could only linearly increase your output (and in fact, there's a point where you can't build new factories, because there's no more land to build on, or because people are mad that your Bullshit™ factories are popping up everywhere and are ruining the landscape or something.

Ok, so you have to come up with something. You don't have the room to hire new people, but if you switch up the layout of your factory, you could actually fit twice as many people in there. This layout switch wouldn't be particularly expensive, as it doesn't require new architecture, legislation or whatever, you can do it swiftly overnight. (~soft fork) With this, you could fit like 2000 ppl in there. This is SegWit. It's not bad, because at least you produce twice as much Bullshit™ as you were before, and you didn't even have to build a new factory, but it's not going to be enough.

Cont. 1/2

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Cont.

Thus, you hire a fine bunch of engineers to automate the SHIT out of your factory. You make up plans to completely replace 990 workers with robots. This will increase your output at least 10x, but the engineers are pretty sure that they could even crank up the numbers to 100x, or possibly more, it's hard to tell exactly. You also won't have to pay so much for the workers, which frees up money. Building a new factory will actually be cheaper this way, and more economic to run. It would easily allow you to produce 100x as much Bullshit™ from half as much money. (This is Lightning Network.)

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It's adding oblivious transfers (Monero-like privacy), shared key generation (storing coins at exchanges without threat of hacks), smart contract re-enabling, Emin Gun Sirer released BCH's version of Lightning (Bitcoin Thungder aka Teechain) which has none of the routing problems of Segwit Lightning, finally it has fees lower than 1 cent per transaction. Things have been going very well as far as development goes, it will take a long time with the price continuing to go up at this pace in order to match the development progress.

>Ok, so you might naively think that this is a good solution, but it really isn't. It's not even what we call "scaling" in engineering, because even in the best case scenario, you could only linearly increase your output (and in fact, there's a point where you can't build new factories, because there's no more land to build on, or because people are mad that your Bullshit™ factories are popping up everywhere and are ruining the landscape or something.
youtube.com/watch?v=PKFkhWWiLDk
Except if you do the math it can easily scale to 7 million transactions per second, meaning it can scale to at least three orders of magnitude bigger than VISA before it even begins to experience any issues whatsoever. So you're right, but we're still about six to seven orders of magnitude under what we can scale to today.

Great talk. Completely illuminates the point why cashcucks are the worst of the worst. You niggers don't even realize that crypto is (ought to be) about spurning the bank system and making it possible to RUN A FULL NODE ON YOUR EVERYDAY RUN OF THE MILL PC. You lose that, you lose everything that crypto is about.
>hurr it's satoshi's vision
No it's not. Satoshi, whoever he/she/they may have been, knew very well that what he was doing would upset the powers that be, that's why he didn't disclose his/her/their true identity. Because, you know, he wouldn't want to be killed, imprisoned, or figuratively crucified.

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xmr is the real bitcoin

>pubg
>patrician
choose one
the is only one good modern patrician shooter and that is red orchestra/rising storm/2

Almost got it but more like
Bcash is clone qith better tech and more stupid fanbase.

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apparently it takes a higher IQ than 115 to realize that an IQ of 115 is nothing special. assuming you aren't exaggerating, you're barely 1 SD above the mean. congratulations, you qualify to be squad leader of the completely average.

obviously you are quite the expert at producing bullshit

appreciate your explanation about scaling (it does make a fine point)
but how is lightning going to help decentralization? muh hubs banks are gatekeepers etc etc
If anything bitcoin should fork and completely replace its underlying mechanism to be a DAG or an EOS or a Steller so it can get the speed and volume it so desperately needs.

Except fulfilling your stated goal requires MINING "on your everyday run of the mill PC". So you've already lost the battle, and don't see how your favored "solution" gives away the little control PoW offers.

The only consensus method that holds to this standard is obelisk, (proof of trust) that you know nothing about.

im in the top 15% of people, dumbass

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bitcoin - yahoo
litecoin - myspace
nano - herbalife
bitcoin cash - twitter
eth - google
Real question is what is Amazon of crypto?

u have it perfectly op, be prepared to get shit thrown at u by all Jow Forums retards who are too dumb to understand the concept

LINK

Easy, req

No, LINK is Jow Forums.
Req is paypal.

LINK - pornhub

Well, if LN is designed in a "good" way (which they certainly try to do), it will enable smaller players to join in and act as LN hubs as well. You don't have to have a single path for a payment for it to go through, it might go through 1000 different paths, each only carrying a small portion of the total payment (thus enabling small players to enter the playing field as well). You could very well have different routing strategies, you might even want to purposely avoid bigger hubs (because for example that would make you harder to track).

>9051449
>Except fulfilling your stated goal requires
MINING "on your everyday run of the mill PC"
>mfw
No it doesn't. You don't have to mine in order to run a full node and validate every transaction.

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thats verge, literally
xmr is darknet obviously

Monero - store of gold
Bitcoin Cash - everyday cash

bitcoin corestream - worthless shitcoin
litecoin - worthless shitcoin
raiblocks - worthless shitcoin

>Bitcoin Cash - everyday cash
somehow i don't think 61 transactions per second is acceptable

right, meaning out of 100 people, 14 will be smarter than you.

you are barely 1 SD above the mean, You're bragging about the B of IQ. Come back when you have an A+

wrong again. only a quarter of that 100 people would have a grade of A assuming an A-D grading system. that puts me at a solid A.

Bcash is TRASH.

Get it? Do you understand? Or do you have Roger Ver's dick so far down your throat that you're unable to comprehend reality?

well actually according to this it's at least a B+ but easily an A-

columbia.edu/cu/biology/courses/c3032/handouts/grading.html

anons, anons... you guys missed the biggest joke in the post:
>store of silver
wtf, lmao, this level of stupidity really got an audible laugh out of me

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you may not need 10 pounds of solid concrete brick wall to protect silver like you would want with gold but you'd still want pretty fucking good protection. nam' sayin'?

I used to think that. But it just dodsnt die and lightning network with schnorr signatures might actually be working.

yeah but bitcoin cash will never get lightning network because it doesn't have segwit. so even in the unlikely scenario that lightning network does become viable, cash is not going to inherit those benefits

inb4:
>store of palladium
>store of real estate
>store of medicine
>store of platinum
>store of real estate
>store of oil
>store of diamonds

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I think you're missing the point bud. I'm not trying to make you feel bad about having 115 IQ. That's something to feel good about!

I'm trying to make you feel bad for using the fact that you have 115 as evidence that you are right. 115 IQ may mean you are smarter than most people, but that's a lot different from being smarter than EVERYBODY. You may be smarter than 84.13% of people, but I'm smarter than 84.13% of the smartest 15.87% of the 15.87% of people that are smarter than you. And I know I'm not that special. I've encountered quite a few people smarter than I am, and more that were just as smart

chances are that you used an inaccurate online iq test. i've taken heaps of those run of those mill online tests that predicted my IQ to be above 130

I understand your skepticism, but I don't consider those as IQ tests. When I was in university I would help my 3.999 college GPA honors program mates with subjects I knew nothing about. Although to be fair, once you get to that level the people with the highest grades aren't typically the smartest. Most of the people as smart or smarter than me had good but not great grades, although the most successful ones had amazing grades. Grades are more indicative of togetherness than intelligence, given a minimum standard.

Litecoin is a store of Bitcoin

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