Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
tvbcof
on 25/06/2015, 23:18:47 UTC

we're not even under attack yet blocks continue to fill up:

Unbelievable!  It's almost as if subsidizing spam/noise transactions creates more of them.   Huh
...

  Whoop - Whoop - Whoop  |  emergency!  |  Whoop - Whoop - Whoop  |  emergency!

Paging Justusranvier to explain in free-market principles pretzels how iCEBREAKER is muddled in his thinking.


you supposed engineers are stupid, aren't you?

i'll take a stab at this:  for 6 yrs we've had a small enough tx set that barely filled 1MB blocks.  now that we're starting to get closer to filling them up, spammers find it more cost effective to spam (don't have to create as many fee paying spam to fill the blocks and cause problems).  thus, their attacks start to increase in frequency. that's a problem because of the 1MB limit.
...

Lemme try to clue you in a bit here.

Firstly, if I had a BTC for every dumbshit idea about using the blockchain as some boundless resource for messeging, timestamping, data storage system, etc, I'd be a richer man.  Even one piss-ant dice game strained it.  You don't think that VC's got cold feet when they looked past the sales pitches and saw the 1MB limit that Satoshi wisely put in?  Those who are not capable of that modest level of due-diligence lost all their money a long before they were able use it to fuck up Bitcoin.

Secondly, every one of these dumbshit ideas remains a gleam in the creator's eye and ready to pounce as soon as you crypto-socialist Gavinistas do your thing.

My own 'paracoin' idea to parasitize the subsidized data store and hitch a free ride on the Yetta-hashes as they become available.  Thankfully that idea was never needed because most of the dev team has been smart enough to fight off you bloaters for the last few years and develop against the mainchain which has yet to be destroyed.

Edit:  Oh ya, and another thing (again.)  The reason why you cannot get the 1MB filled up with coffee purchase after 6 years of trying and a lot of help from the media and regulators is this:  Bitcoin SUCKS BALLS as an exchange currency.  It is simply not competitive in this capacity and never will be.  Sorry to be the bearer of bad news but you need to come to terms with this eventually.