grubles

11 ms·

91.
by grubles 9y ago
It's important to note there are plans for the development company behind OpenBazaar to launch a token[0]. [0] https://www.coindesk.com/token-summit-surprise-openbazaar-la...
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by grubles 9y ago
"You need to lock up large amounts of bitcoin in these channels for significant amounts of time." That's actually false. The protocol actually limits channels to a fraction of a bitcoin currently (something like 0.1 or maybe
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by grubles 9y ago
I demoed [0] receiving one tenths of a cent's worth of bitcoin (0.00000010 BTC) instantly, and on Bitcoin's mainnet (not a test network). I also demoed [1] purchasing swag from Blockstream's store [2] which is powered by thei
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by grubles 9y ago
Looks like it's very much alive: http://xpm.muuttuja.org/charts/
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by grubles 9y ago
Primecoin (sign: Ψ; code: XPM) is a peer-to-peer open source cryptocurrency that implements a unique scientific computing proof-of-work system. Primecoin's proof-of-work system searches for chains of prime numbers. https://e
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Bitcoin Cash: Anonymous, BTC-Pegged, Scalable, Instant, Electronic Cash(medium.com)
4 points by grubles 9y ago|1 comments
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by grubles 9y ago
It hasn't solved scalability issues though. Litecoin will face the same issues if it is used as much as Bitcoin.
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by grubles 9y ago
Anything Ethereum does can be done as a Bitcoin sidechain.
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by grubles 9y ago
Explain to me what will incentivize mining on Bcash when the fees are too low compared to Bitcoin? The mining subsidy, by design, is eventually supplanted by transaction fees.
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by grubles 9y ago
The hard cap is the same until it isn't -- when Bcash has to hard fork to infinite inflation in order to incentivize mining because fees won't supplant the mining reward.
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by grubles 9y ago
It's truly interesting how using an abbreviation of an open source project's name brings out the venomous commentary like yours.
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by grubles 9y ago
In the ~4 months since its creation, 115,975 Bcash tokens were mined ahead of schedule.
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by grubles 9y ago
Bcash is already over-inflated relative to Bitcoin due to its mining algorithm. When the block reward diminishes enough, and fees don't supplant it, Bcash will hard fork to infinite inflation.
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by grubles 9y ago
Dogecoin has much cheaper fees than Bcash and its block confirmation target is around 1 minute -- roughly an order of magnitude cheaper and faster than Bcash.
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by grubles 9y ago
Didn't you hear there's an existing fork of Bitcoin called Bcash too? This new altcoin you're talking about will have to change their name, because we all know starting an altcoin with the same name as an existing one doesn&#
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by grubles 9y ago
libsecp256k1, which was developed for Bitcoin, uncovered bugs in OpenSSL. It also increased signature validation speed by 5x. https://bitcoin.org/en/release/v0.12.0#signature-validation-...
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by grubles 9y ago
Child pays for parent. Use it. https://themerkle.com/what-is-child-pay-for-parent/
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by grubles 9y ago
There was an instance of SatoshiDice taking up half of a Bcash block consolidating UTXOs the other day. Congestion will happen on Bcash, as will a hard fork to infinite inflation due to lack of transaction fees to supplant block rewards.
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by grubles 9y ago
Have you seen any announcements from merchants, businesses, exchanges regarding downtime due to congestion? Probably not, because the spam-prevention mechanism built into Bitcoin by Satoshi themselves is working as intended. On the flipside
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by grubles 9y ago
Decred has had on-chain governance voting for nearly two years now. https://www.decred.org/
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by grubles 9y ago
Bitcoin is currently inflationary. 1,800 newly generated bitcoins (about $11,700,00) are added to the supply roughly every 24 hours.
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by grubles 9y ago
How easily can one spend an atom of gold? I can spend a handful of satoshis while sitting on the couch with my laptop. >but that completely misses the point of the article: that the money supply isn't large enough It seems you misun
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by grubles 9y ago
Why does one have to be zealous to understand bitcoins are divisible up to eight decimal places? A single bitcoin is really 100,000,000 bitcoin "satoshis" (1.00000000). "Satoshis" being the smallest unit (0.00000001). So
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by grubles 9y ago
It's perfectly reasonable to simply buy bitcoin and sit on it, if only for the reason it acts as a store of value relative to unstable government currency (eg. Venezuela, Zimbabwe). The Bitfinex conspiracy is fun and entertaining to re
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by grubles 9y ago
I think you're getting a little out of touch with reality here. It's verifiable, demonstrable, literally happening now that more transaction data is transmitted on the wire than previously. Also, it's pretty interesting how
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by grubles 9y ago
When the demand for a good increases, the price increases - which is why currently a single bitcoin goes for ~$6,400.
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by grubles 9y ago
>Its censorship on a scale suitable for the history books. It's a subreddit. Subreddits are moderated. Stop misusing the word "censorship". Calling moderation of a subreddit "censorship" flies in the face of thos
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by grubles 9y ago
Why would my comment disappear? People in r/bitcoin have been excited about bigger blocks (Segregated Witness) for nearly two years. In r/btc, if you happen to have an opposing opinion you will be scolded, insulted, and more than
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by grubles 9y ago
The block size limit has been increased for a number of months now, which was supported by everyone at Blockstream AFAIK. >to the detriment of high fees and a clogged network. Sigh. It is astonishingly cheap to spend bitcoin right now.
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by grubles 9y ago
It's always interesting seeing the conspiracy theorists emerge on Hackernews, of all places. Gavin himself stated he should have removed his own commit access due to inactivity. Of course, it was removed for him due to being social eng

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