And, remember, when Satoshi wrote this, nodes and miners were one and the same thing.If the idea of fungibility is removed from bitcoin due to a fork, then the public perception of it will tank.They all make some kind of compromise to either security or something else, but they do it in parallel to the existing protocol.If there is a chain split this year, the mainstream world will likely not even notice assuming the battle over the brand is swiftly dealt with.Uncertainty if LN will catch on at all in any significant way, uncertainty that if it does the network will be able to scale fast enough.
This is a direct response to their unwillingness to increase the non-witness base block size limit.Submissions that are mostly about some other cryptocurrency belong elsewhere.If Bitcoin was always intended to lead to massive scaling and large pockets of centralization, if this were actually in its very design, then to a certain extent trying to fight that is like trying to swim upstream.
Saving Screens is available for members only. Please register and / or login to save this screen Login.That is to say, real, actual users are represented by the market.
But you guys just keep stalling, knowing full well LN needs a blocksize increase anyway.If you think a grand fucking total of seven transactions per second is suitable for a digital currency, you are delusional.Almost all Bitcoin wallets rely on Bitcoin Core in one way or another.
The word itself is not exactly the latest trend in neologisms; in fact, it is almost 50 years old and it was already listed in Oxford Dictionaries.However, the longer this can be postponed the better, and if Core remains the chances of Bitcoin remaining healthy become tremendously higher, in my opinion.The LoC offers the course's introduction and syllabus, its final exam, and Sagan's lecture notes,. I really think we should look to buy LTC.Why Should We Be Surprised? We Were Warned Long Ago! By Stefan Stanford. If youre enchanted by Bustamantes paintings, you can buy them on Etsy and Saatchi Art.Please consider also the increase given by Schnorr signature in the meanwhile.If you buy that one,. just by the fact that I cant speak my mind freely should tell freedom lovers everywhere something about the gravity of the ongoing situation.But at this point potential and hope is all we have, lets not bet the entire network on it.
The more burden it is to run a node, the fewer nodes there will be.Is doing so just a necessary step in the progress toward mass adoption.I have already said that I believe the system is designed around power, and I believe Bitcoin will become corrupted over time as all human systems do.
Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.On June 8 the U.S. House Financial Services Subcommittee on Terrorism and Illicit Finance discussed the possible connection between cryptocurrencies and criminal.
Average users are no longer running miners, and unless they are willing to take financial losses for political or hobbyist reasons, they are unlikely to do so in the future.I have no ill-feeling toward Bitmain as is common in the sub, but at the same time I hope they get some stiff competition and soon.
This means that 200 active gamblers can take up all the Ethereum mining resources.The problem being why would anyone invest in recruiting participants for a LN network with the uncertainty of blocksize still lingering.If we take a step back, increasing the block size is not a scaling solution, it is just kicking the can down the road, and doing so repeatedly has negative consequences.Chinese Miners advantages are hardware and electricity costs not bandwidth.