Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm not pushing XT specifically. Not even Gavin and Hearn are doing that. Sure, I would prefer BIP101 to BIP100, but it's not even clear that we'll get ANY scaling solution and certain people are being manipulated by powers that don't want any scaling solution to be implemented.
What is clear is that the argument that small block size prevents centralization is a bogus argument. Routing around the xaction limit reintroduces trusted third parties. These smallblockers are not defending the true decentralized vision of the project. Just the opposite is the case. They want to take power away from the end users (the customers) and give it to the employees (the miners). Whether or not the owners (hodlers) like that idea is going to be reflected in the charts.
What is clear is that the argument that small block size prevents centralization is a bogus argument. Routing around the xaction limit reintroduces trusted third parties. These smallblockers are not defending the true decentralized vision of the project. Just the opposite is the case. They want to take power away from the end users (the customers) and give it to the employees (the miners). Whether or not the owners (hodlers) like that idea is going to be reflected in the charts.
Let's leave it to people who understand Bitcoin to discuss these issues, shall we?
How's that supposed to work? How many "blockspace" do I get for 1 bitcoin?
Easy. 1/21,000,000th of the whole chain. I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?
So for 1 bitcoin I get 1/21,000,000th of the whole chain? Are you for real? Were you hit over the head with something?
Nope. I get one twentyone millionth of the whole damn chain. 4 eva. If you think that's too much, then perhaps you are selling your coins too cheaply. If I'm not buying blockspace when I'm buying bitcoin, then what the hell am I buying?
As many times as you've quoted me, you've never refuted my argument. You know damn well I wasn't being literal, as I've repeated many times. But yes, the hodlers are the owners as the bitshares network make more clear by having a less confusing name for the trading tokens.
How many coins you got, Fucktard? Are you an owner or a miner employee? Who do you think buys those coins if not people like me? Who do you think is going to use a hobby network with a 7 TPS capacity when the transaction costs (currently around $4) go unsubsidized? Hell, even ACH is cheaper than that.
What argument, this one ?
I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?
There will be a gang of persons willing to pay 5$, 10$, hell 50$ for complete monetary sovereignty.
These people are presently paying orders of magnitude more to move their money around the world unnoticed.