AustEcon [SV]

Joined May 04, 2018

Voluntaryist. Austrian economics. Truth, Liberty & Bitcoin cash.

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2269d · GROUP tokenization proposal by Andrew Stone
2269d · GROUP tokenization proposal by Andrew Stone
Bitcoin must interact with the real world at some point + trust. Tokeda recognizes this fact and refrains from creating unnecessary problems for no extra value
2269d · GROUP tokenization proposal by Andrew Stone
If you want your OP_RETURN spam on memo.cash preserved forever... you can pay an archival miner for this service or you can do it yourself. Don't force everyone
2269d · GROUP tokenization proposal by Andrew Stone
There needs to be a sat/byte market for archiving OP_RETURN metadata that is distinct (separate market) from the lean, efficient UTXO for BCH payments as money
2269d · GROUP tokenization proposal by Andrew Stone
All of memo.cash for example can be pruned off and that blockchain data useage recycled back into the ecosystem for better ideas (if memo.cash failed one day)
2269d · GROUP tokenization proposal by Andrew Stone
2269d · GROUP tokenization proposal by Andrew Stone
Bitcoin cash is NOT ethereum. Don't turn us into poorly scaling ethereum wannabes. Group = bad idea
2269d · GROUP tokenization proposal by Andrew Stone
miners hostage to maintain a whole lot of spammy crap on the blockchain. Too risky. Don't do it. We have a reachable scaling target of 500gb to 1tb blocks.
2269d · GROUP tokenization proposal by Andrew Stone
OP_RETURN pushdata is prunable from UTXO. persistance of this metadata is voluntary and requires an archival mining node market. 'GROUP' will bload UTXO holding
2269d · GROUP tokenization proposal by Andrew Stone
what he is doing. group is not only inferior and sets scalability back by orders of magnitude it is totally unnecessary and less adaptable. Less efficient...etc.
2269d · GROUP tokenization proposal by Andrew Stone
Not a fan of group. Tokeda is correct. Makes sooo much sense. Basically anarchocapitalism in action. Joannes Vermorel (a supply chain and scaling expert) knows
created poll 2269d
Tokeda concept vs 'Group' hardfork
Tokeda http://media.lokad.com/bitcoin/tokeda-2018-04-30.pdf 1 votes · 0 satoshis
Group https://docs.google.com/document/d/1X-yrqBJNj6oGPku49krZqTMGNNEWnUJBRFjX7fJXvTs/edit#heading=h.sn65kz74jmuf 0 votes · 0 satoshis

Results

2278d · Flat Earth
Okay. I thought censorship-resistance was a good idea... can we put the cat back in the bag now? JJ I love it. I really don't mind flat earthers. At least they're non-violent. Commies though...
2279d · This flood of spam is really desperate.
hmm?
2279d · This flood of spam is really desperate.
Where is a thread for just spamming like crazy??
2279d · stresstestbitcoin.cash
Mempool of BTC at >22MB. But only process 1MB per 10 mins... if this keeps up will keep on rising... Meanwhile we are all messaging constantly on-chain. No worries for BCH!
2279d · Private Chat Protocol
Why not just open a standard p2p encrypted communication channel between two people who follow each other? You just have a separate p2p app with a pub username linked to memo account
2279d · stresstestbitcoin.cash
Sometimes I don't see it appear though
2279d · stresstestbitcoin.cash
It's so goddamned fast!
2279d · stresstestbitcoin.cash
Ohhhhh cool!
2279d · stresstestbitcoin.cash
What's this about memos coming up on txstreet?
2280d · stresstestbitcoin.cash
Just need some kind of really efficient / automated escrow service / smart contract with adjustable bid / ask prices to match people for exchange. Should be doable.
2280d · stresstestbitcoin.cash
If exchange websites could be based on the BCH blockchain, that would be cool and would massively pump up the volume / useage. Also making BCH reserve crypto for exchange
2280d · stresstestbitcoin.cash
I'd quite like it if we had a gradual increase in block size with wider useage. We just need to keep making it easier to utilise the blockchain for lots of different things
2283d · stresstestbitcoin.cash
So shluldn't we all begin by creating database of our ID linked to bch addresses. (With private funds held in other private addresses)