Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
tvbcof
on 04/11/2015, 16:27:49 UTC

Fine then; go ahead move over to an alt for your latte purchases.  I'll do mine on a sidechain and enjoy the solidity of real Bitcoin backing it without destroying the solution.

Bloating Bitcoin right into the waiting arms of corp/gov so you can have some nebulous benefit of having a record of your piss-ant transaction recorded in every copy of the blockchain and in-perpetuity is beyond retarded.

"My transaction is more important than your transaction"

Soon to be on a bumper sticker in front of you.

Good!  I pay roughly a $10-ish transaction fee when I do a real Bitcoin transaction.  If I am sucking hind teat that means that other user's are compelled to pay more and it means that as a core solution Bitcoin is in a sweet-spot where it is not profitable enough to justify giant datacenters but is interesting enough to keep small and medium sized players around the world providing infrastructure support.

In day-to-day use, I expect to use sidechains and make infrequent and periodic native Bitcoin transactions for the sole purpose of balancing risk.  I can easily afford to pay $10 once in a while to perform such operations.  In fact, it's a steal for a genuinely robust solution!