Post
Topic
Board Development & Technical Discussion
Re: Why Bitcoin blocks are generated every 10 minutes?
by
Khaos77
on 25/02/2020, 19:08:36 UTC
Sad day when bitcoin community is too scared to even come near litecoin transactions performance, let alone exceed it.

Transactions avg. per hour      892
Blockchain Size    28.76 GB
Median Transaction Fee   ($0.0031 USD)
Transactions avg. per hour      13,675
Blockchain Size     308.57 GB
Median Transaction Fee   ($0.313 USD)

https://bitinfocharts.com/ethereum/
Transactions avg. per hour   27,691
Median Transaction Fee    ($0.072 USD)



What performance is that, then?  You seem to be once again comparing apples with celestial bodies.  Bitcoin's blockchain already grows faster in size than Litecoin's and you think users will be willing to increase the speed at which it potentially grows by a factor of 4?

Performance Capacity Dumbmad,
of which litecoin is 4X greater and they don't whine like you do.  
Capacity means it is there if you need it, so fees don't shoot to $20 or higher like last time dumbmad.
https://news.bitcoin.com/bitcoin-fees-have-become-infeasible/

Why don't you list the fees paid per transaction?

Why don't you show Ethereum current transactions, which exceed bitcoin?
* it is in red* I did it for you , like your cat has to do your thinking for you.  Cheesy

The reason bitcoin transactions are lowered than ethereum is ethereum has excess capacity and lower fees,
bitcoin has a bunch of whiners and the users have already learned just to ignore bitcoin and start using other blockchains.
Litecoin/Dogecoin transactions should start exceeding your crippled bitcoin capacity daily within 1½ years.

* Litecoin Node operators are not a bunch of pussies, so their is that difference.
They are not afraid to go down to office depot and buy a desktop for $800 like bitcoin node operators are.

FYI:
The real reason Bitcore Devs and Dumbmad/Confused_Fury want to keep bitcoin crippled is to force users on LN Banking 2.0.
https://cointelegraph.com/news/caitlin-long-doesnt-trust-trust-companies
Quote
Caitlin Long announced yesterday that she is launching Avanti Bank, and seeking a charter for it to become the first bank in the U.S. to offer crypto custody services.

Quote
Long refers to the missing piece as “a regulated bank that can act as a bridge to Fed for payments + custody crypto for BIG institutional money”.

https://cointelegraph.com/news/caitlin-long-starts-the-first-crypto-native-bank-in-the-us

Quote
Long stated that she has had many long conversations with Adam Back, CEO and founder of Blockstream and an early contributor to Bitcoin, prior to starting Avanti. She believes that Blockstream is an “ideal partner for serving BIG institutional investors that require regulated banks to deliver them services around bitcoin in USD markets.”

Notice , Blockstream aka Core Devs will be working closely with this Bank,
Now do you people see, LN was always designed for Banks as they already have the money transmitter licenses and follow KYC/AML laws.
So do you people see how blockstream made fools out of all of you for FIAT profit.
Blockstream crippled bitcoin to push LN banking 2.0 so they could directly profit and harmed bitcoin users and the bitcoin miners,
which is why the bitcoin miners are preparing to crash bitcoin in favor of BCH or BSV.
Be ready , it won't be long.  Tongue