statoshi

6 ms·

61.
by statoshi 11y ago
To be clear, Lightning does request transactions on-blockchain to open a channel and to close a channel. The magic is what happens in between those two events. As such, it is not a gateway to infinite scalability, but it does offer the pote
62.
by statoshi 11y ago
I thought it was well known that you can't trust Lando Calrissian!
63.
by statoshi 11y ago
Your claims are the same that were made regarding "real-world consumers" at the dawn of the Internet. It takes time to build up a network effect and improve ease-of-use for revolutionary new systems. shrugs I spent quite a few h
64.
by statoshi 11y ago
> Bitcoin's only real-world use case is illicit goods. You have a lot to learn; I recommend starting here: https://medium.com/@lopp/the-multifaceted-nature-of-bitcoin-... A deeper dive here: https://
65.
by statoshi 11y ago
The optimal block size is obviously 0, as these blocks will propagate through the network the fastest, thus lowering the orphan rate to nearly 0, and will require the least resource usage (bandwidth, hard disk space, CPU cycles) for full no
66.
by statoshi 12y ago
The more interesting aspect, IMO, was that one of the federal agents extorted DPR for hundreds of thousands of dollars with the promise to withhold information from the government.
67.
by statoshi 12y ago
Try re-reading the article with better comprehension. There is a difference between "buying" and "announcing that you bought."
68.
by statoshi 12y ago
If you read the ETF S1 filings you'll see that they plan on charging fees to maintain accounts for investors. It will be an ongoing profitable operation to run, not just a one-time cashout.
69.
by statoshi 12y ago
No they didn't; they bought when it was under $10. http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/09...