Gold collapsing. Bitcoin UP.

[cypherdoc]

what it means is anyone's guess. one day it will make sense. Dow -583:

 

[cypherdoc]

 

[cypherdoc]

Ryan was able to get his MB nodes back to working reliably by merely increasing his RAM from 300mb to 6GB.

 

[Norway]

He had to increase the default memory allocated for the mempool from 300 megabyte. The RAM was there.

 

[Norway]

 

[Otaci]

There was no three-way fork.

https://bitcoinsv.io/2019/08/06/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork/

 

[cbeast]

I propose a new term for the smallest BCH denomination.

The 'Sechet'

@freetrader, thoughts?

That's assuming they won't keep increasing the block reward along with BTC at which point they can be called Zenos.

 

[Zarathustra]

Reminder

"It was part of writing code to explore the most technically demanding use cases and make sure Bitcoin could support everything that might be needed in the future, given the locked-in nature of the rules once the block chain started.” Satoshi to Mike Hearn

https://www.trustnodes.com/2017/08/12/new-satoshi-nakamoto-e-mails-revealed

 

[freetrader]

So "locked in" that Satoshi later put a 1MB temporary block size limit in place, and also thought this limit should be removed later, and suggested a way to remove it.

 

[Zarathustra]

His rule has always been the same: never let the transaction capacity getting capped.

 

[freetrader]

He suggested to increase the cap.

I mean, you should know what "largerlimit" means.

 

[Zarathustra]

Yes, it means that the limit has always to be large enough that you never can cap/block the stream.
That's the rule.

 

[cypherdoc]

but when i look at BCH, i see a large block (as in block the stream) at 32MB. would i have confidence if i was a large business, like the NASDAQ, that an angry frenchman would increase the limit by the time we get there; which in the case of the NASDAQ could happen in the blink of an eye? how about that other guy who says "we won't allow it until we're ready"? what about that general community of anti-Bitcoin social media trolls who automatically descend down hard on any chain that wants to scale onchain, just to cause trouble and doubt? nah, i'd pass.

 

[bitsko]

Same shit different radicals.

 

[Norway]

With Lambos like these, I'm a Lambo boy too. I'm a Lambro!

 

[freetrader]

Good read. Sooner or later reality about SV comes home to most.
However, still wrong about Bitcoin Cash.
The reason to run / use Bitcoin Cash is because Bitcoin was designed to be a peer to peer electronic cash system. Not because of anything to do with Craig Wright.

Digital gold with segregated payment layer is a (poorly conceived) re-invention of existing banking systems, and nothing to do with why Bitcoin was created. But good luck to him.

 

[Zarathustra]

> Good read. Sooner or later reality about SV comes home to most.

Comes home to BTC....
A BTC supporter can represent a lot, but not someone who is familiar with the reality.

> The reason to run / use Bitcoin Cash is because Bitcoin was designed to be a peer to peer electronic cash system.

But not your checkpointed and crippled version. An open one: "I wanted to design it to support every possible transaction type I could think of".

And not a version that collapses at 22 MB after 10 years of 'development'.



Ari translated the 'good read'. Nice thread:

 

[bitsko]

Good read. Sooner or later reality about SV comes home to most.
However, still wrong about Bitcoin Cash.
The reason to run / use Bitcoin Cash is because Bitcoin was designed to be a peer to peer electronic cash system. Not because of anything to do with Craig Wright.

Digital gold with segregated payment layer is a (poorly conceived) re-invention of existing banking systems, and nothing to do with why Bitcoin was created. But good luck to him.

Freetrader shares 'BTC numba go up' jealousy article.

Thanks Freetrader.

Keep stacking those sechets.

 

[Christoph Bergmann]

Yeah, for the bsv hater it is good when people come back to btc. That he didn't even consider joining bch makes this a big loss for ABC coin.

 

[freetrader]

I don't hate bsv, I just think that its approach is misguided and has left the trajectory of p2p cash set by Bitcoin.

And, I think it attracts crooks and liars like shit attracts flies.