Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 05/10/2017, 02:41:17 UTC

Currently it would take over 30 years to send each person on earth a single Bitcoin transaction. Think about that.

I doubt that it is worthy of very much thought, and I doubt that the facts are even accurate... especially once we et a bit more lightning network tools into place...

No. Lightning does absolutely nothing to alleviate the issue I raise.

Incidentally: you doubt my facts are accurate? That's supposed to convince anyone? What are you - eight years old? They're accurate within engineering tolerance. Run 'em yourself and tell me what sort of numbers you come up with. Only then will we have a basis for communication.

Quote
Lightning does nothing to alleviate that.
Segwit does nothing to alleviate that.
Schnorr sigs does nothing to alleviate that.

Your saying it does not make it true, either.

Irrelevant. It is true whether or not I say it.

Quote

The only metric that matters in this is transaction throughput - pure and simple. To a first order approximation (i.e. with already minimal-size transactions), this is directly and linearly proportional to block size.

Yeah, you talk in a lot of hypotheticals rather than looking at the actual transaction on the blockchain.

No. I speak of facts. If you wish to argue that my purported facts are incorrect, then provide evidence. If you wish to argue that my reasoning is flawed, then provide evidence. But jamming your fingers in your ears and shouting 'I can't hear you' doesn't make you right, it just makes you deaf to reason.

Makes you look stupid, too.