rafaelero

40 ms·

571.
by rafaelero 6y ago
My understanding is that opening a LN channel is the same as making an on-chain transaction, which is subject to fluctuations depending on how busy the blockchain is. Right now, according to mempool, the transaction costs are around $1, whi
572.
by rafaelero 6y ago
> There isn't a scalability issue from a technical perspective. Block size limits were originally just to protect against spam. > Ethereum and bitcoin cash already have more transaction throughput than bitcoin. Sure, but consider
573.
by rafaelero 6y ago
Why ether and bitcoin cash would be superior alternatives? They don't solve the scalability problem and will quickly run into the same problems the moment a lot of people start using it. Ethereum is trying to migrate to POS now and it
574.
by rafaelero 6y ago
Nowadays, transactions B2C usually involve an institution like Paypal or Stripe and the fees are about 3~5% of the value of the transaction (depending on which country you are from). I find this fee extraordinary high. If bitcoin can find a
575.
by rafaelero 6y ago
Oh, dear...
576.
by rafaelero 6y ago
But you see, I don't agree that these conclusions are based on low quality data. These conclusions are not merely based on observational studies, as you pointed. This question is being asked for more than 70 years and a lot of differen
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by rafaelero 6y ago
I can't help but think that there is active effort to halt our understanding of nutrition. I mean, if we still can't say at least that saturated fat is causally related to heart disease, then this whole field is in a very bad plac
578.
by rafaelero 6y ago
>Let's say the Fed prints 1 quintillion dollars, and then gives it to me. I then put it under my very big mattress. I will never spend a single one of those dollars. Has this quintillion dollar print changed the value of the dollars
579.
by rafaelero 6y ago
No. Blocks will always be mined with a 10 minutes interval between each other. It doesn't matter how much energy is being invested.
580.
by rafaelero 6y ago
It is next to impossible to seize bitcoin if you make it so. The government could try coerce custodial companies, but it will only be effective on the first time; next time, people will move their bitcoins to safer places where government i
581.
by rafaelero 6y ago
This is not true. Bitcoin can proceed with half its miners or with 3/4 its miners with no consequence aside a decrease in its resilience to attacks.
582.
by rafaelero 6y ago
Interesting. When I was a kid, I enjoyed the taste of Tylenol a lot. One night, I elaborated a very bold plan to get the medicine and drink it without my parents seeing. Fortunately, I was caught. Your comment made me realize how lucky I wa