>hes a small blocker
Check the meme pool
Hes a small blocker
Jaxon Howard
Dominic Rodriguez
Christian Hill
wew lad
i'm sure glad i can transfer my BitCoin for super low fees whenever i want and the tx will be confirmed within 10 minutes
Juan Garcia
explain this to me like I'm a small dog
Zachary Cox
The CoreCucks fucked bitcoin. The mempool is basically where a transaction is stored before it makes it into a block in the permanent blockchain. However, someone decided that each block should be limited to 1MB every 10 minutes. that's a global payment-system that processes 144MB of data every day. It's jack shit. my phone could run a BTC node.
The tragic result of this is that people are bidding against each other in transaction fees, where all participants are blind, they don't see each others bid, only know if their transaction has been confirmed or not.Due to this unknown, people that needs to use the blockchain sets a high fee to get first in line, making your coffee cost twice the original amount, only because you need to pay to pay.
this also causes transaction to stay in the mempool a lot longer, just waiting for people mine it. A transaction can then take several days, and is not useful as a payment system.
small block bitcoin (BTC) sucks, and somehow people got convinced that all this is a good thing for bitcoin. BCH and BSV increased their limit to 32MB and unbounded to try to fix this, but since idiots are emotionally attached to their investment in 1MB BTC, BCH/BSV is always stapled as a scam and fraud, only because they tried to fix a problem.
BTC is useless, can never get "mass adoption", and is only used to buy altcoins.
mass adoption will never happen when adoption is limited by the protocol itself.
Hunter Lee
your samefagging is obvious and pathetic
Xavier Ward
That wasn't me
Adrian Perez
sorry im having a bad day
Anthony Brown
Imagine building the internet out of hubs. That's how base layer "scaling" works. Its the quickest way to ensure rule by miners and big business. Segwit2x failing was the most bullish thing ever, the fact that Bitcoin couldn't be changed by businesses wanting to dump shit on the chain is a massive success.
Everyone has to hear about everyone else's transactions and they are stored FOREVER. That means no matter how much coinjoining you do, eventually people will expose themselves over time to a KYC service, and so over time chainanalysis can retroactively destroy your privacy by process of elimination even if you were careful. It's all stored there forever. Taking things off chain is extremely important from a privacy standpoint, and from a network standpoint its basically the equivalent of creating switches and routers, so that you don't have blast noise out to every participant in the network and can isolate traffic. Off chain solutions are also good because you can upgrade fast without posing risk to network consensus, since your lightning channels are just settled between two parties.
Despite what bch and bsv people say, Bitcoin was never going to be a good payments system by itself. The only reason it ever worked early in is because yearly inflation in the early days was massive in the early years. The monetary policy of Bitcoin means people will always regret spending it. Store of value is the only thing that makes sense, therefore you protect the base layer and let fees protect the hard cap.
If bch and bsv want a digital payments coin, they need to fork in an inflation schedule. Until then there will never be a rational reason for spending it, you will always prefer to use your inflationary currency first. Neither of these coins is even bringing in > 1 dollar in fees per block. Every halving is going up make security worse and worse
Kevin Ward
btc is fucked. blockstream which is financed by axa did cripple the network in order to push second layer centralized solutions to be able to get control over transactions.