etr-strike

12 ms·

91.
by etr-strike 9y ago
Why what? Why does increasing block size increase propagation delay? Here’s the research paper on it: http://www.tik.ee.ethz.ch/file/49318d3f56c1d525aabf7fda78b23... Tl,dr: each additional kB after 1mb adds an addit
92.
by etr-strike 9y ago
Sure, here you go: http://www.tik.ee.ethz.ch/file/49318d3f56c1d525aabf7fda78b23... Tl,dr: each additional kB in blocksize adds approximately 80ms of delay until the majority learns about a block.
93.
by etr-strike 9y ago
According to actual research here: http://www.tik.ee.ethz.ch/file/49318d3f56c1d525aabf7fda78b23... Each additional kb results in an additional 80ms of delay until the majority learns about a block. Increasing to 8mb m
94.
by etr-strike 9y ago
Which cryptocurrency supports 60k t/s?
95.
by etr-strike 9y ago
You’re upset the core devs didn’t let Bitcoin become a centralized coin? If you refuse to acknowledge the benefit of SegWit or the other scaling solutions then I can’t help you. Big blockers have their Jihan and Roger coin now. Stop tryin
96.
by etr-strike 9y ago
SegWit was activated. Lightning is working. Mimble Wimble and Schnorr signatures are in development. I understand big blockers are upset they didn’t get their way. They need to understand the reason big blocks don’t have consensus is that
97.
by etr-strike 9y ago
I don’t think I ever claimed 20 t/s was sufficient. Just pointing out the throughput has increased by an order of magnitude and there is a tremendous amount of ongoing innovation in this space.
98.
by etr-strike 9y ago
How is allowing two parties to transact off chain, and settle up later on chain, not a decentralized solution?
99.
by etr-strike 9y ago
Yea, no. Lightning network still depends on the bitcoin network. All it means is any two parties can transact off chain and settle up later. Not sure what the problem is.
100.
by etr-strike 9y ago
Strange definition of vaporware you have, considering I just showed you lightning network operating across three different implementations of the protocol on the main bitcoin network.
101.
by etr-strike 9y ago
It shouldn’t increase because simulations of increasing blocksize have demonstrated centralization. If we didn’t care about decentralization we’d just use a database.
102.
by etr-strike 9y ago
Lightning isn’t vaporware. Follow the project on github, they are very active. Better yet, watch the first lightning transaction happen on mainnet which occurred just last week: https://youtu.be/a73Gz3Tvx3k With regards
103.
by etr-strike 9y ago
If proof of stake proves itself to actually work, Bitcoin will adopt it. Migrating a 200 billion dollar network to an untested PoW proposal would be irresponsible. Arbitrarily increasing blocksize without addressing propagation delay and ce
104.
by etr-strike 9y ago
The consensus rules of bitcoin are supposed to be incredibly difficult to change. That's a feature, not a bug. Changing consensus rules is only easy if the network is centralized. That's not something I want to have in my money.
105.
by etr-strike 9y ago
SegWit, Mimble Wimble, Schnorr Signatures, Lightning Network, and Rootstock all prove you're talking out of your ass.
106.
by etr-strike 9y ago
In 2008 the stock market crashed over 50%. Plenty of people would have lost everything had the fed not intervened. Is bitcoin volatile? Of course. But at least the game isn't rigged.
107.
by etr-strike 9y ago
Your "5% APY" option is a prepaid debit card that has a maximum balance of 5000 and the advertised rate is only good for a couple of months. The lesser rates have similar terms - only earn 3.5% on balances up to 10k, you must make
108.
by etr-strike 9y ago
All of those "high interest" savings accounts are below 2%. Official CPI is 2.5% for 2017 -- and CPI underweights essentials such as housing and healthcare, all of which have gone up much more than 2.5%. Your savings accounts are
109.
by etr-strike 9y ago
If I sold my bitcoin, I wouldn’t feel any better storing it in any of the asset classes you mentioned. Everytime I honestly evaluate what central banks have done around the world, I always arrive back at bitcoin. It’s my safehaven asset.
110.
by etr-strike 9y ago
Cash is guaranteed to depreciate at least 2% per year. Real estate is incredibly expensive and only supported by the cheap debt that has flooded our economy. Bonds are just barely above 0%... they have no place to go but down unless you t
111.
by etr-strike 9y ago
If it’s all speculation, where do you suggest I store my wealth? The underlying characteristics of bitcoin lead me to believe it’s the safest asset in existence. It’s volatility is a result of people slowly discovering this.
112.
by etr-strike 9y ago
Bitcoin is under perpetual innovation: Here it is yesterday performing a lightning transaction on mainnet: https://www.youtube.com/watch?v=a73Gz3Tvx3k Here's an implementation of Ethereum smart contracts running as a b
113.
by etr-strike 9y ago
No one can answer your question as no one knows what the next recession will look like. In the scenarios I described, bitcoin is an obvious safe haven. In which case, I'd expect the price to go higher. Bitcoin has never lived through
114.
by etr-strike 9y ago
Ok, how about this: It's the most difficult asset to confiscate in existence. In the worst case scenario, as long as I can memorize 12 words I can take my wealth with me anywhere.
115.
by etr-strike 9y ago
Is bitcoin volatile? Absolutely...but how do you expect a completely new asset type to behave? At this point bitcoin is a populist movement just as unexpected as Trump or Brexit. It's a populist revolt against monetary policy which
116.
by etr-strike 9y ago
When the overall bubble pops, where are you going to go? Will you trust the dollar? What if bonds are defaulting and no one is paying their debts, will you stay in the dollar? What if there's significant inflation? Your life saving
117.
by etr-strike 9y ago
An article claiming bitcoin's a bubble? Wow, hadn't considered that before! Just yesterday it came to light that the ECB was purchasing fraudulent bonds that are now worthless. The Bank of Japan is directly buying ETFs. The Feder
118.
by etr-strike 9y ago
Bitcoin Cash is the brute force solution to scaling. Increasing block size results in longer validation times as well as slower block propagation. Both of these things lead to centralization. The entire purpose of bitcoin is to be as dec
119.
by etr-strike 9y ago
There’s no evidence Proof of Stake is a viable replacement for Proof of Work.
120.
by etr-strike 9y ago
No, it's currently running on mainnet: https://media.rsk.co/getting-started-with-bamboo-rsk-mainnet...

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