i highly admire your heroic efforts talking to that wall.I could not resist posting this here.
https://bitcointalk.org/index.php?topic=1344522.msg13776073#msg13776073
Hmm, that's hard to say. It's possible there might be some minority of Bitcoin transactors who benefit, but it's difficult to determine with confidence who that would be. Possibly providers of off-chain transaction services. What can be stated confidently is that the net effect is virtually guaranteed to be negative.OK, then who (which economic actor will execute these txs) in your estimation is benefiting most from this consolidation of multiple inputs to fewer outputs with SW?
Sorry I'm behind again...I was waiting for this one:
It's been my belief that we're going to have to see some pain with the price before miners make a meaningful move. As such, I finally got around to divesting some today (still keeping plenty). As soon as we have a resolution on the capacity, I'll be buying them back (and maybe more). Let's see how things go after the Chinese holiday.@cypherdoc
The node counts are interesting because they show that take-up enthusiasm for new Core versions is fading. SWSF is never going to trigger at 95% mining support, or even get a majority of non-miner nodes. I think the slow take-up of Core v.0.12 is the first proof that the SWSF plan is dead on arrival.
If Classic stalls at <75% then this is going to be a temporary stalemate. Full-blocks will eventually bring market pressure to break the stalemate in favor of Classic, unfortunately at the cost of widespread bad PR and price volatility which we hoped to avoid all along. Necessary pain perhaps.
Edit: Presently, I'm seeing large inconsistency between bitnodes.21.co and nodecount.com
Bitnodes has "classic" at 279 and "unlim" at 97, "xt" at 333 (and Core ":0.12" at 258)
Nodecount has Classic at 394, XT at 268 and Unlimited at 80
He apparently was not really a coder. Great ideas but some whack implementations and crazy ideas like code being the standard. Like we should all still be using NCSA Mosaic.Sorry I'm behind again...
I actually think of all the things Satoshi said that was the only one where he was clearly wrong. I always found it odd he wrote something like that.
I also divested more today. I'm keeping enough that if Bitcoin "wins" I'll be doing well, but I hedged my bets in case the insanity on full display at r/bitcoin prevails.It's been my belief that we're going to have to see some pain with the price before miners make a meaningful move. As such, I finally got around to divesting some today (still keeping plenty).
Regional / Community currencies can make sense. I think I'd rather use an ethereum contract to implement than a sidechain, though.There is no need to emulate the money system of Venezuela in bitcoin, it is a failed currency, in fact we need no country specific money, it's a drag. We are making the new world money forchrissake.
People are already running ponzi schemes and whatnot. You need a tx to get you DAPP to perform any function, so it's to be expected to see many transactions.What could people possibly be doing with Ethereum right now that meaningfully uses 8 tps? Just a cursory scan, but I've been perusing blocks randomly and I don't see any gas actually consumed. Presumably that means none of those blocks I'm looking at are executing contracts?
Could be good selling a portion to hedge here. But I see the long interest on bitfinex is down considerably in the last week, and when everyone expects the price to fall it may go up instead .I also divested more today. I'm keeping enough that if Bitcoin "wins" I'll be doing well, but I hedged my bets in case the insanity on full display at r/bitcoin prevails.
Those 55 Millions will be used for the production of permissioned/censored bankster chains, which is their core competence. They must have realized that they are not able to privatize Bitcoin. That coup failed. BlockstR3am.Could be good selling a portion to hedge here. But I see the long interest on bitfinex is down considerably in the last week, and when everyone expects the price to fall it may go up instead .
Who is investing 55 million dollars in blockstream? How can they possibly hope to generate returns from consulting and building open source decentralised payment layers? The stench of bald faced lies is getting overpowering!