Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 25/06/2015, 23:54:08 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.

Yep. Even my blind patients can see this.