Quote from: kelsey on March 23, 2017, 09:21:48 AM

Quote from: QuestionAuthority on March 22, 2017, 05:56:35 PM

Quote from: Loaded on March 22, 2017, 05:42:28 PM

From my perspective at least, this is not a bet, it's a business transaction. My motivations are 90% profit and 10% because I do not foresee BU as it exists today succeeding with the lack of code review and still unsolved EC divergence. Nothing prevents a miner from switching to the Core chain and orphaning the entire BU chain if it becomes profitable to do so.

As for big vs small, I supported 2MB last year when there was no working implementation of LN. Today SegWit + LN appears to be ready to go. I believe that the BU miners are not looking at the bigger picture. On chain fees can continue to rise even while a large number of transactions move to LN. There is no issue paying a $10 fee to open a reusable channel, while the same fee for a single transaction is extreme. SW already offers 2MB, the only difference seems to be where the signatures are stored.

Let me ask you a question just to satisfy my own curiosity and discover the reason for your recent "business transaction" proposition to Ver. You are "loaded". I assume you live in a beautiful home with all the modern appointments. Surely you must have fine automobiles at your disposal and take worldwide vacations with the same frequency that other people change their underwear. In essence, you want for nothing. Your stake in the "business transaction" you're proposing is worth upwards of $60 million. With that kind of money, why would you not simply cash out, retire, and enjoy everything the world has to offer? Instead, you leverage your millions to prove a point? I don't get it.

i'm guessing you don't know many high wealth individuals, because i am yet to meet one that has as you put it, 'cashed out', 'retired'. tis not how they think and in essence the driving force to their high wealth.

(just noticed epiphy above explained it well also)

Nah, that's total crap. These are bitcoin wealthy people not Bill Gates. Most of the people that ended up with great wealth in the bitcoin community including Ver got lucky. That's more about being incredibly lucky than being a "highly driven entrepreneur". Anyone could have bought bitcoin for pennies in 2009-2010 and ended up wealthy. Hell, even I bought and mined btc below $2 and sat on them for a tidy profit. I just didn't invest $100,000 or have a massive mining farm. If you bought btc at a penny each and invested ONLY $100k you'd be sitting on 10 million btc right now. That's a combination of pure luck and good strategy. The Roger Ver's of the community may have only wanted to double $100k and sell at two cents. So btc hit four cents, they sold enough to get their investment back and sat on millions of bitcoin. Lucky, yes very, but it doesn't make them Bill Gates. Hell, even that ugly fucker Bill Gates cashed out to party the rest of his life away with his hot wife.

There are dumbasses all over this forum that bought VIP memberships for 50 btc that, I'm sure, look back and kick themselves because that's a $50-$60k membership to some obscure little forum. That has to be the most expensive forum membership in the history of online forums. I'm sure those VIP members didn't really believe btc could be valued at over a grand each in just 7 years. I hope btc climbs to $5,000 soon. That means Goat spent $250,000 to look cool to a forum full of total strangers. LOL