Quote from: Torque on Today at 09:14:50 PM

All the weak hands that sold in the $20-25k range and are now sitting on the sidelines expecting more DOWNity, are gonna be really pissed when the price jumps quickly back up to the low $30ks and never comes back down again.

What are the odds of that particular scenario? Surely less than 22.4367911%, no?

Even the April to June 2019 price run went up from $4.2k to $13,880 - Ie 3.5x, but ended up coming back down to $6.2k - even absent our March 2020 covid downity bonus... I am thinking that we had more positive macro circumstances back then and also just a wee bit less froth the the shitcoin space and also in the various leveraging catastrophes space... lot's of insolvent entities still seem to be faking their solvency... so maybe they won't have to sell any more of their BTC to cover, perhaps? perhaps?

Quote from: death_wish on Today at 09:56:39 PM

Quote from: Richy_T on Today at 09:43:19 PM

Quote from: death_wish on Today at 05:27:45 PM

Have you ever lived in a situation where downloading the entire Bitcoin blockchain from the Internet, and keeping up with blocks, would be cost-prohibitive in terms of bandwidth? It is not a rare situation. Not a corner case. I think that the worldwide majority of people are probably in that situation.

Satellite TV dishes are ubiquitous. Surprising and disturbing, but true. They can be repurposed for this, with a few parts that fit into a poverty-level budget. Now, at least, you can have the BYOB security of consensus-validating the blockchain yourself. To make transactions, use your mobile data connection that has kbps speed, and costs money you can’t afford billed by the kilobyte. Although it is not ideal from a decentralization viewpoint, it gets your foot in the door.

Still makes no sense?

You would still have to download the entire blockchain if you wanted it as the transmission is only for new blocks.

That was in version 1. In version 2, they added the ability to obtain the whole blockchain from the satellite network. You are factually wrong; your information is more than two years out of date.

Quote from: https://blog.blockstream.com/en-announcing-blockstream-satellite-2/

Adam Back, Chris Cook
May 4, 2020

We are pleased to announce Blockstream Satellite 2.0 is now live, bringing a standards-based transmission protocol, more bandwidth, additional coverage areas, and the ability to sync a Bitcoin full node all the way from the genesis block up to today.

Although I don’t expect everyone to know about these obscure details, it is usually a good idea to look them up before opining. Especially since I made a positive statement that you can download the entire blockchain from Blockstream Satellite. If I said so, there is usually a reason. I sometimes err; but before contradicting me, think twice.

Quote from: Richy_T on Today at 09:43:19 PM

[wrong arguments based on outdated information]

Yes, it makes no sense. As evidenced by the fact nobody is using it. There is no market for it because it's poorly conceived.

Does it change your opinion that the limitations you described were version 1 limitations, removed in version 2? Technological developments often work that way, you know.

As for “nobody is using it”: Source of information on usage stats, please.

Quote from: Richy_T on Today at 09:56:19 PM

Quote from: vapourminer on Today at 07:26:31 PM

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

help me obi won musk, starlink is my only hope.

As implemented, it wouldn't help you. Sorry.

Please stop giving misinformation.

It will absolutely help vapourminer. It is perfect for his use case, and the hardware cost is negligible.

https://www.blockstream.com/satellite/

I have to stand up for Richie_Teeeee here.

He is a recovering BIG blocker nutjob, and accordingly he has relapses from time to time, including but not limited recalling: 1) what year it is, 2) what epoch we are in, 3) what block chain (and/or thread) he participating in 4) CB is not his best friend in the whole world and/or 5) the sheer power of my lil precious.

So, he just needs some kind of batslappening or something equivolent once in a wwwweeeee while and thereafter he will be as good as new (well kind of like refurbished, but still) for a few weeks.