Post
Topic
Board Bitcoin Discussion
Re: ToominCoin aka "Bitcoin_Classic" #R3KT
by
AlexGR
on 28/05/2016, 18:38:24 UTC
The fastest and cheapest transaction fee is currently 60 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 13,560 satoshis (0.05$).[/i]

5 pennies is a lot for roger because he wants to resurrect Feed ze birds which is only possible with "free" or extremely cheap tx fees. Thus he has 2 choices , encourage the community to subsidize his project regardless of the externalities and consequences or contribute towards payment channels or the LN. He has chosen the first option for some odd reason . Technical incompetence and /or impatience?

Instead of ranting about how bandwidth, storage and CPU hashing power is going to be amazing in 10 years he would be better off focusing on assisting us get there one way or another rather than making assumptions.

The Classic camp could even pretend to be working on scaling, by just ...outsourcing the work done for it.

Things like:

Bounty 1)

"We are paying

a XX BTC bounty if you come up with a 50-100% improvement in signature verification in archX
a XX BTC bounty if you come up with a 200%+ improvement in signature verification in archX"

Bounty 2)

"We are paying

...a XX BTC bounty if you come up with seamlessly integrating GPU resources into signature verification in the bitcoin-qt client, for (opencl, cuda)"

Bounty 3)

"We are paying

...a XX BTC bounty for code that syncs or scales better in the X or Z subsystem.


...and so on. Bounties can go a long way to get things done even when there is lack of coding talent in one's side (as is the case). Instead they are wasting money on useless sybil nodes.