No because the software couldn't keep up and afaik it hit some other artificial limits put in by Core
Bitcoin ABC's tx relay is explicitly rate limited to 7 to 14tx per second.
This was added to core by G. Maxwelle and P. Wuille.
and was overlooked by ABC devs
Only if they have the Centbee app on their phone also
does it send them a message by sms or email, if they dont have centbee?
I was in disbelief. It was almost like they were trying to make a parody of what SJW Star Trek would be like. Will def check out Orville.
The Orville is a good watch😉
The price of any coin is simply the
Last Price Paid.
MC is LPP*coins in circulation
Only a small portion of bitcoin being traded Determines its fiat price.
Utility creates demand,
Demand increases price.
The supply remains constant.
12.5 new coins every 10 mins (on average)
This does not change, no matter how many coins you burn
(halving obviously - 50%)
The price of any coin is simply the
Last Price Paid.
MC is LPP*coins in circulation
Only a small portion of bitcoin being traded Determines its fiat price.
Utility creates demand,
Demand increases price.
Burning coins will increase the price proportional to the ratio of burned coins to coins in circulation. For a permanent 1% change you need to burn 210,000 BCH.
If I burn 100 coins the price in USD is unaffected, as these coins would not be part of trading market anyway.
All it means is, I hold less bitcoin.
Less supply of coins = more value per coin. Does selling it for nothing trump that?
Supply AND demand,
Determines price.
It doesn't matter what the supply is if there is no demand.
UTILTY CREATES DEMAND!
Utility is where the value stems from, not the supply.
I would rather say that the decline was stronger than the effects of the burning
They always will be.
Burning coins does not increase the price in USD of remaining coins
All it does
Is reduces how many slices of the pie there will be.
This is not the same.
how and why the BTC BCH split
@falkvinge
I'm making this is compulsory viewing
for anybody questioning why the different 'bitcoins'
Burning coins causes deflation and hence increases the value of remaining coins.
a BURNT coin, is essentially a coin sold for $0.00
this has no impact on remaining coins.
Maybe because of the conflict, don't you think? I don't think the burning is the reason
i dont think burning affects price in any way, which is exactly my point, people claiming burning increases value of other coins, this is provably false, by the price decline.
Well they're fourth graders so probably a trophy and maybe some scholarship money. I'll ask them next time I see them.
have you thought about having them make some Bitcoin videos, explaining Bitcoin and how it works and its benefits?
pretty sure such peeps will tip.
lighthouse project maybe to fund
A team of my students won a national(Japanese) computer programming competition. There's all kinds of things you'll want that you don't even know could exist yet. They'll make them.
How much did they win?
Yes I also see programming becoming an unskilled job in future as it gets taught more and advances.
One thing that will be interesting to see, is how Gen Z do with the loss of data entry jobs and many other unskilled jobs as machines replace them.
A team of my students won a national(Japanese) computer programming competition. There's all kinds of things you'll want that you don't even know could exist yet. They'll make them.
Could a basic income be built on top of Bitcoin Cash or another cryptocurrency, aside from Manna?
A basic income is by definition corrupt. The money they give to their citizens is stolen from nature or other nations. They make you complicit in crimes against humans & nature.
I believe some unskilled jobs will turn into low level curation of the Internet. Thoughts?
Similar to my thought, many jobs we consider today as skilled, will become unskilled jobs, as they will teach it in schools to everyone. eg It development.
There's always going to be unskilled jobs, they'll just be different. Especially if America becomes more wealthy in general, there'll be tons of stuff to do for decent bread.
I think more globally than just America, lots of unskilled jobs will vanish, maybe not all, but a lot. new jobs may replace them but they will need be different to today's jobs.
I've applied to companies that have remote work but no one was interested.
I posted on craigslist with my resume. No one was intertested.
#helpJkid #bchforeveryone #saveJkid
With that skillset,
why do you need a job,
use your brain and create.
Work for yourself.
Imo, you are talking bollox, and just taking advantage of kind memoans.
PSA:
Avoid scamming a-holes on memo,
who do nothing but stick their hand out.
Use your brain when reading their sob stories.
Linux Systems Administration, AWS, Technical Writing, Research and Analysis, bash, python, HTML, CSS, and SQL, and quality control and assurance. #helpjkid #Autism #bchforeveryone
Seriously.....
You got all those skills and you cannot make money from home.
Don't make sense to myself.
I mean I'm just saying, in the next 5 or so years those kids will be entering the work force and starting to pull down discretionary income regardless. A large % know the FED is toast.
One thing that will be interesting to see, is how Gen Z do with the loss of data entry jobs and many other unskilled jobs as machines replace them.
PSA: the best PR firms use professional hedge fund traders to coordinate their timing to make it *look* like the price pump is due to news. In reality, it was going to happen regardless.
I always thought it was the other way around => tje best hedge fund traders are using PR firms to coordinate their timing
We also need to start educating kids & getting them involved as much as possible, when bitcoin came out, the 10 year old kids are now 19, that's literally a decade we have already wasted.
Gen Z is redpilled af. Once those kids start getting good paying jobs(they can already vote) it's going to be curtains for the federal reserve.
I know that if it were me I'd have the traders on the phone when I was scheduling the press release. Basically yes, short term valuations are just expensive billboards.
Your name is not Charlie Lee by any chance is it?
