eye1

Joined Apr 16, 2018

Bitcoin maximalist since 2011. Bitcoin SV - back to roots!!

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replied 2063d
I almost love that about it, BSV drew all the crazy ideologues away from BCH while still showing us that Bitcoin can scale without LN, and what a real centralized blockchain looks like
replied 2063d
Open source means nothing in this context. A bunch of corporate software is releasing open source software.
replied 2065d
You better ignore the turd, he sure steers adoption. This is the downside of the platform. It refuses to implement block :(
2065d
followed 2065d
replied 2065d
Everyone can collect random punchlines from chat rooms and throw them randomly one after another. You never kept two posts on the same topic. Complete waste of time (and blockchain).
replied 2065d
Please ignore me. I have no will to have 100 subjects at the same time in the conversation and constantly adding new ones, so you can pretend you know what you are talking about.
replied 2065d
Your mind is living in the past. There is no mainnet in data centers. Just a separation of concerns which can be also achieved on bitcoin but with several orders less of complexity.
2065d
An intrinsic advantage of the bitcoin as a data carrier is that it uses the same blockchain to record both payments and content data. When adding script and stable protocol to the mix you have an #unfuckening.
2065d
Storing data on a bitcoin has the obvious advantage that a payment mechanism is built into the system. It's possible to develop payperview of encrypted data. The complexity of every data solution is low.
2065d
Hello World
replied 2065d
Try yours.org if you have some digital content trying to make money on. Memo is an alternative to twitter where you don't need to sell your privacy and content is not censorable.
replied 2065d
No
replied 2066d
SuperHacker
Anyone can build a node and compete. Professional transparent node implementation which is not open to random people to mess with is a better approach. There is a bug bounty though.
replied 2066d
SuperHacker
Everyone can use the protocol as designed and compete from there. Bitcoin is not a jobless developers sandpit for their stupid experimentation. The protocol was defined by Satoshi.
replied 2066d
Who had all the bitprim nodes? lol

replied 2066d
Time flies... :)
replied 2066d
Let me try to use an example. There might be more sustainable revenue (fees) created from memo users than from speculators and especially holders. Speculators are hardly users.
replied 2066d
While I certainly think scaling big is the crucial factor, the main problem to overcome is to make subsidies a minor factor in the incentives scheme. Establish road to sustainability
replied 2066d
Speculators seem to be important right now. But rather sooner than later they won't matter, only users will. Otherwise, we are stuck with inflation schedule and bitcoin will die.
replied 2066d
Because miners revenue is still driven by subsidies. But like every subsidy, it creates markets distortion. As a speculators node, it will have no power when the price is decoupled.
2066d


Core hijacked Satoshis invention and bastardized it to a socialist experiment where POW doesn't matter and your full node gives you voting rights. Also zero conf works.
2066d
I wrote a bit about sustainability of bitcoins security model and why opening doors to second layer may not be the best idea in the long term.

https://link.medium.com/GPlhGx8RWT