Sorry. I hate to sound like a total idiot but could you please ELI5 this topic a little further? Not gonna lie, reading what you said gave me some major FUD 😬
I think the economics deters them from doing so. this decision devalues all of their current holdings as they all compete for block reward, why inflate their own currency?
Sorry. I hate to sound like a total idiot but could you please ELI5 this topic a little further? Not gonna lie, reading what you said gave me some major FUD 😬
This is something i've thought about a lot too. If all the miners make a decision, even increasing the coin supply or block reward no one can really stop them, save selling their coins
Yes...go to your dark corner of uncritical circle jerking. Worship the Fraud by bowing down before his patents.
I dont mind being criticized or engaging in debate as long as ppl are respectful and refrain from ad-hominem. that is the issue i have w/ r\btc is that ppl are rude and disrespectful
We need to migrate over to memo and yours from r\btc and make the trolls/ABC shills put their money where their mouth is - pay for your rudeness and madness on the BCH blockchain and at least contribute SOMETHING
The SV hate seems to be stronger on r/btc than here on Memo. And I agree, I favor Bitcoin SV in the coming hash war.
YES!!! This 100%. r/btc is completely overrun with trolls, it is infuriating. I found memo and yours so much more refreshing. Seriously considering uninstalling reddit from phone
Any guesses on who okminer is? They have consistently had around 10-15% of hashrate over past few days. Rumor on reddit is that they are another SV mining pool, which brings their rate ~65%
Bitcoin is not anti-nationalist. Convince me otherwise.
Bitcoin is not so much anti-nationalist as it promotes free trade between citizens of countries. Not necessarily against government, but removing them in terms of allowing ppl to trade
I am thinking the other chain with significantly less hash would eventually die off with original Bitcoin's difficulty adjustment every two weeks - is this a correct assumption?
Assuming a competing client wants to ensure only 1 chain survives, would there be any need to 'attack' the other chain if BCH did not have DAA?
At the Bangkok miner's meeting, it seemed obvious Roger is no fan of CSW and probably by extension, SV. I think Roger is No-Upgrade or ABC-Spec. But No-Upgrade has no traction so...
at that time, yes. he is speaking at the Coingeek conference next month still. i think he is being silent on purpose
Well, Bitcoin.com runs Bitcoin Unlimited (at least for their mining pools). No announcement that they plan to change to another implementation.
Not yet anyway. BU supports ABC's changes but not SV's. his silence speaks volumes IMO...honestly it makes no sense to reveal which side he will mine given their ~8% hash
They will be sticking with BU on Nov 15th. Why would people lose money? There is no good reason to switch to SV. It should be called CSWV.
As far as I know Roger hasn't said anything about which side he will support, any word on that?
But I still do not think it is worth splitting the chain over, if it comes to that.
Agreed 100%. I don't think we will have a split. One side will capitulate and join the majority
Actually Bitcoin.com mines with BU. As it is only Coingeek seems interested in SV, which makes sense since theyvpsif for it to be developed.
Today, yes they mine w/ BU but On Nov. 15th who knows? they pay 98% block reward to their investors so they cannot afford to lose $$ in this. Also BMG Pool is nChain
Only reason the crypto market hasn't imploded yet is because Bitfinex keeps gradually reducing Tether's circulating supply - from 2.8 billion on 10/8 down to 2 billion today, 10/19
Why are you so confident that SV will have a large portion of the hashrate? All evidence points to the opposite.
i believe bitcoin.com will mine SV (just an educated guess). i am interested in what evidence you have? to me the only way SV loses is if Bitmain moves hash from BTC to BCH
Why are you so confident that SV will have a large portion of the hashrate? All evidence points to the opposite.
if you look at the last 7 days, Coingeek/nChain(BMGpool)/SVpool already have 40% another pool just announced they are adding some for SV, and SVpool will add more by 11/15
How long would u say u have to study coding to be able to take an idea and actually build it?
Depending on your discipline level, I would say a couple of weeks of study - key is understanding object oriented, then the only difference between different languages is syntax
How long would u say u have to study coding to be able to take an idea and actually build it?
I have computer science/mathematics majors so that helps, but i think nowadays being disciplined and learning object oriented programming from online resources and links is feasible
No. It just moves the bar, since the optimization affects all miners equally. Noone gets more subsidized than others.
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