Quote from: Carlton Banks on March 20, 2016, 08:51:37 PM

I didn't notice you using statistics, logic or real data to attack Lightning,

really??
i have never used statistics

Quote from: franky1 on March 18, 2016, 04:07:25 PM

using blockstreams doomsday story of comparing bitcoin to possible Visa..(dont worry i hate it too, but relax, think of it from the end-user usage not the who controls it mindset)

visa averages each customer does 40 transactions a year.

bitcoin currently has 2.5mill users and based on the maths of ACTUAL average transactions per block(2000tx=500byte/tx)
2000tx(block)*144(day)*365(year)=105mill .. which not surprisingly also corresponds to a 40tx/user per year.. (kinda funny that)

after all not everyone will use it daily. some use it a couple times a day some use it once a month. hense the 40tx/year is a good average as proven by both bitcoin and visa

so 20million people doing 40 transactions/year to compare both visa and bitcoins current usage =
8mb maxblocksize hard rule doing traditional transactions.
4.2mb maxblocksize hard rule doing Segwit transactions with a real data storage of 8mb (based on segwit and laudas assumption of 190% capacity)
4.2mb maxblocksize hard rule doing Segwit transactions and confidential payment codes with a real data storage of 12mb

so we went from 1000 tx in 2013(0.5mb block due to DB bug) its going to be 2mb+segwit in 2017(hoping to be sooner personally). and based on technology growth. a 4.2mb +segwit wont be a big deal by 2020

in short by summer 2017 bitcoin can handle 10million people doing similar transactions like they would using bitcoin or visa today
give it 4 years there wont be an issue with 20million. (ONLY if people dont stupidly use confidential payment codes extra feature by default)

never used logic?

Quote from: franky1 on March 19, 2016, 03:45:18 PM

bitcoin can work on a raspberry Pi.. meaning even a 2005 (11 year old) computer is atleast 2 times more powerful. and so a 5 year old computer or a 6 month old computer can handle alot more.

how about the basic logic that blockstream want the imaginary 900million people to stay on just a dozen insecure central hubs, yet spout out how its better than just using visa or more secure then bitcoin.

how about the logic that there wont be 900million users in the next few years.

how about the logic that people can livestream their gaming, while also in group chat while also playing said online game. all of which is high upload bandwidth.

how about the logic of a traditional bitcoin transaction vs a segwit confidential payment transaction.. real byte for byte.

oh and by the way the math to work that out was from you blockstreamers. so it made me laugh when it actually does against everything you say.

EG 2mb maxblocksize = upto 4000 transactions for 2mb data storage.
1mb maxblocksize PLUS segwit and confidential payment codes = upto 3800 transactions for 2.85mb data storage.

so if segwit and confidential payment codes are not a network bandwidth or hard drive store, or node distribution problem. then 2mb maxblocksize isnt either.