Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
rocks
on 25/06/2015, 23:43:48 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.

Heh, the Gavinistas are having a very bad day week.   Cool

First, Frap.doc was put upon to explain with some semblance of logical consistency how he reaches the same pro-bloat conclusion as gavin@tla.mit.gov, despite operating on quite opposite assumptions w/r/t the financial crisis being over (now and in the med. term future).

Then came yet another face-r3kking, sig-worthy domination tweet from Jon Matonis (as if the previous from Szatoshi Backamoto weren't enough) about the utter futility of shoehorning Bitcon's square settlement peg into VisaPayPal's round payment hole:



And finally(?) Dear Leader Himself debunks hearn@google.mil and Frap.doc's attempts to ram through ill-considered hard forks using fear and mass hysteria:




The way to generate resiliency for Bitcoin is to get to the point that each block generates $10M in fees.

Today each block generates around $4,500 in fees on average.

That is not resilient, that is weak and easy for any state to attack.

This idea that using fee pressure on a low # of transactions is a way to get to high value blocks from fees is absurd. The way to get to high value blocks is tons of transactions paying minimum fees.