Providing a opened developing progress is a better choice. But I haven't found that. Open participation is important for open source projects. We can get more confidence.
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.
Who had all the bitprim nodes? lol
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.
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
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.
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.
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.
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
What is the difference between the two?
BSV want to get as close to the protocol as initially described and released by Satoshi. Removing unnecessary changes and limits added later by core. ABC wants further constant changes
ROI of the largest LN hubs is 0.011%/year
The 20 LNBIG Lightning Network nodes have processed 80k payments and collected 5.74 USD in fees in the last month. Extrapolating, thats $68.88 per year
https://bit.ly/2G50frh
That ROI is worth it in such a low risk and low volatility environment 🤣
/s
Once you open the possibility you open it for everything. And it's mentioned BTW in the BIP. Full LN if someone will want it. I think it's cool. Miners will love it.
I feel like barking to the wall. Let's stop right here rather.
Moving goalposts? Can you go back to my original question and explain to me how IPFS valuates its data and makes marketplace out of it?
To my understanding wormhole doesn't remove txs offchain.
Sure pay taxes to buy up armies that invade other countries that kill innocent children because you gave them money to buy bombs. Lets change our system to a voluntary based revenue
Not every country is invading others.
I wonder what happened to Jihan..
As long as he is able to fund Amaury he is still relevant.
Nope. They went with SV for its roadmap and vision. BCH has none.
By using bitcoin (or similar) and trusted services. Whoooosh.
LOL! BCH building grounds for L2 and LN. After quacking a year and a half how miners need to get paid.
ABC now looks like Core 1.1alpha with small blocks instead of tiny ones.
r/btc
#Bitcoin gives another previously nonexisting dimension to solutions of many problems. The one can't afford anymore his mind to only look at technical solutions and not consider economic ones.
BIP62 and Schnorr: a new era in BCH privacy and smart contracting
https://gist.github.com/markblundeberg/a3aba3c9d610e59c3c49199f697bc38b
