Daily reminder
Daily reminder
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bitcointalk.org
>In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.
>—Satoshi
The segwit is a fork
why the fuck are you telling me that?
stop parroting shit when you don't even understand what my position is
Explain me your position pls
>it's not zano
dropped gay OP
That he likes the blockstream forks
...
read this shit again
bitcointalk.org
>In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.
>—Satoshi
in what fucking universe is this an argument for the dysfunctional shitcoin Core has rendered BTC?
develop some fucking reading comprehension, fuck
Fuck Jews
Do you like bsv?
how about you actually turn on your brain for two fucking seconds, read what I've written, and then try to figure out what I think based on that, huh?
fucking hell, so fucking hard to think for yourself these days apparently
Do you like bsv?
here you go, in case you decide to turn on your brain
Do you like bsv?
I'm still not convinced, do you like BSV?
This
Definitely needed a reminder. Forgot about this shitcoin. What happened to it?
That shit is over. Better to buy some lowcaps like OGN and ZANO
I made a 400% in three days in 2019
All in.
Shitcoin? Lmao
Better than the blockstream segwitnl Jew fork
ITT 3 BSV shills but 2 of them are from the same call center and couldn't comprehend why someone would shill BSV for free
You are wrong as usual faggot. Stay poor
Isn’t the Indian call center in quarantine? They allow remote working now?
fee in reward ratio is way too little in sv for the halving to be bullish and not bearish.
look at average fees per day on BSV theyre alread tanking
halving will rek BSV screencap this
The mining fees of BCH will make miners abandon BCHABBC babcash if roger ver
you guys really should coordinate better
you and OP couldn't even identify a common pasta you guys yourselves post
but I get it, it's work hours, you're lazy, brain works at 20% capacity, still here on Yas Forums we expect a level of intelligence, your lack of trying might work on plebbit, but Yas Forums requires your 100%. Please get your manager in this thread I wanna have a few words with him.
how? inflation goes down the same way, just less of holders wealth will be distributed (and sell-pressured by-) miners
okay let's look at the theoretical cap of transaction sin a testbed between forks...
bitcoin (with ln) about a billion tx/s
bch ~24 tx/s
bsv ~6000 tx/s
Will get bsv rekt???
You are wrong again, everybody expected it except you. Because you are always wrong. Your mother has repented.
btc miners get a few thousand to a few ten thousand bucks per block bsv miners get around $1 from fees. which is why i try to tell sv cucks that no the halving is not bullish for them at all. of all all the forks miner only on btc get appreciable amount in fees per block.
>1 $ fee per block
HAHAHAHAHAHAHAHAHAHAHAH, what a shitshow. Muh utility
oof
i dont think calvin can dump mined sv on the market without crashing it anyway so idt it matters much except on paper
if craig is satoshi good things will happen. otherwise were boned. good luck out there frens.
>if craig is satoshi
>if
>iff
>stiff
Bump
the real question is how much do btc and bsv miners want to support their chain
will calvin and craig mine bsv at a loss?
will the chinese mine btc at a loss?
personally i think craig and calvin will at least for a good while, they are all in already.
don't think this is an issue for now because the way hashrate flows between forks based solely on market price miner profitability will always trend to 0 where it finds equilibrium.
so basically if sv becomes less profitable after the halving event then btc by a few% then hashrate will drop accordingly. it's the long term view (which does no interest miners that switch between forks at all) that's extremely bearish for big blockers. but the fact that there is no clear consensus on chain scaling vision in the btc camp is worrisome (and the reason why the shitforks exist to begin with).
we know it's easy enough to fork bitcoin for larger block size as needed. but core devs are not laying out the roadmap when and how they wish to scale layer 1 for layer 2 adoption. all they say it's not needed yet because they bought time with segwit. and for some people this is frustrating beyond everything else and they left btc in a fit of temper tantrum and now dogmatically entrenched in the position that btc will die.
fucking shitshow all of it. if i could stangle a few people to make it easier to have a decent discussion about btc scaling it would be luke dashjr, adam back and craig wright. should drain the swamp significantly.
adam back is not saying stupid things but he is a stick between the spokes always delaying the inevitable trying desperately to somehow profit from his hashcash work before bitcoin... they are too focused on their liquid sidechain solution and purposefully try to squeeze traffic off-chain and while it's cool tech it's disgusting for many people because all they do it for is profit.
but being disgusted with blockchain is no reason to be a cashie tard.
the long-term view is bullish for big-blockers, since big blocks has always been the intended solution for scaling
you're literally making it seem like there's a fight going on, whereas BSV has in fact BTFOed the dysfunctional garbage that is BTC a long time again, now we're just building applications and playing the waiting game
>the long-term view is bullish for big-blockers
no it's not, and i explained why. fees will not support miners with big blocks the way you think. this is evident from current trends. big blocks mean blockspace has no value.
if you have 10 megabytes blocks that are full you will have ten to hundred thousand times more in fees than if you have 100 megabytes that are empty ghost town. bigger the block limit the worse this gets. while increasing the global burden for everyone opening yourself up to dos attacks especially on a minority hash shitfork. on btc attacks taking advantage of removing the dos protection would be magnitudes harder.
>you're literally making it seem like there's a fight going on
there is no fight nobody take the shitfork scaling seriously. that's my problem i wish there was a fight.
>whereas BSV has in fact BTFOed
if btfoed nothing but itself. sv pretty much went ahead and proved adam backs point on big blocks.
imagine needing a (shitty) second layer to use your crypto efficiently
Bsv is a scam creg is a faggot kys pajeets
>no it's not, and i explained why
your explanation is shit and wrong
>fees will not support miners with big blocks the way you think
yes, they will
>big blocks mean blockspace has no value
moron alert
>if you have 10 megabytes blocks that are full you will have ten to hundred thousand times more in fees than if you have 100 megabytes that are empty ghost town
makes no sense at all, the blocksize limit has been removed completely on the Bitcoin network (BSV), so talking about empty vs. full blocks literally doesn't make sense
>there is no fight nobody take the shitfork scaling seriously
except a ton of large actors and people building applications
stay ignorant if you want to, or get with the times if you want to stay relevant
indeed, and not only shitty, but completely dysfunctional, absolute garbage
can't believe anyone looks at it with a straight face and takes it seriously
>imagine not preferring exponential scaling instead of linear scaling
never gonna make it
>yes, they will
evidence clearly shows otherwise you just have to take a look at the fucking charts it's all publicly available.
>the blocksize limit has been removed completely
it was increased to 2gb in fact
>so talking about empty vs. full blocks literally doesn't make sense
it does but basically with no block limit all you have is empty blocks. meanwhile btc tries to have full blocks at least 95% of the time
>except a ton of large actors and people building applications
please nigga those bullshit projects will go nowhere. you call it applications built on the blockchain but none of them are built on the blockchain 99% of them are complete centralized service garbage most with no real incentives for adoption the rest solves problems it invented.
it's a fucking shitshow. only btc and bch has meaningful onchain development.
and one more thing because bsv devs are not simply not developing on-chain it's worse they in a neo-luddist retardation actually are destroying existing sv on-chain capability. that's right it's devolution not evolution. they are destroying not building.
how can anyone be bullish on sv is beyond me.
based
>it was increased to 2gb in fact
thats the default cap retard, there is no longer ablocksize limit on BSV after genesis upgrade
>muh empty blocks
average blocksize on BSV right now is 1.5 mb so still more usage than corecoin. also more tx daily than BTC
>one of them are built on the blockchain 99% of them are complete centralized service garbage
youre a complete brainlet who fell for the decentralization meme. meanwhile BTC is as centralized as it gets, literally controlled by single dev team
>it was increased to 2gb in fact
no, it was removed completely with the Genesis upgrade, again, get with the fucking times, loser
>it does but basically with no block limit all you have is empty blocks
no, what you have are blocks exactly as full as there are people making transactions, in other words no one has to wait for the next block, which would just be incredibly absurd and ridiculous
>meanwhile btc tries to have full blocks at least 95% of the time
thinking about blocks as full or empty is outdated stupidity, see the above point
$1000 bsv when?
>no, it was removed completely with the Genesis upgrade, again, get with the fucking times, loser
that actually makes it worse m8 not better
>no, what you have are blocks exactly as full as there are people making transactions
so you don't get what full and empty blocks mean for fees. ok.
>thinking about blocks as full or empty is outdated stupidity
it's economics scarce asset with fix supply vs totally non scarce asset with infinite supply.
nobody will pay for or appreciate an asset that has infinite supply.
Bitcoin (BSV) won't be measured in dollars where we're headed, son, value will be measured in Bitcoin
in your magical realm that exist in your head maybe. fiat is not going anywhere. it will be devalued but it has been a billion times and it's still here.
lmao, you truly are a brainlet
the entire point is that anyone sending a transaction must pay a fee for it to be included
there is no infinite supply, you have to pay the fee
thus why transaction processors ("miners") are more than happy to accept your "spam", because you have to pay for it
this is exactly what makes Bitcoin work
imagine being so stupid that you can't understand something that simple
Time to go all in bsv?
>nobody will pay for or appreciate an asset that has infinite supply.
that is such an unbelievably retarded take; ijust cant even
by that logic mcdonalds should only sell a single burger a day because muh scarcity
the value for a blockchain comes from USEAGE and velocity. the more transactions, the bigger the blocks, the more money miners can make. imagine VISA would increase their fees to $100 per payment and only handle 7 transactions per second, are you honestly trying to argue it would increase the value of the network?
fiat currencies go to zero every single time historically, hence why reserve currency status shifts around with regular intervals
however, this time around the new reserve currency will be Bitcoin (BSV), because it's a technologically superior alternative which hasn't been available before
kek
>the entire point is that anyone sending a transaction must pay a fee for it to be included
well 0 fee tx-es were a thing in the past before the block got full, also how much and how much that is worth on a shitfork is the quest. if only you bothered to look at data...
Time to go unironically all in?
>fiat currencies go to zero every single time historically
but there is always an other that immediately takes it's place. without failure without exception without much delay. fiat is here to stay. it makes sense for those in power and it's useful to the people and the economy.
the world has zero incentives to adopt a fix supply asset as money.
yes go all in right now in the first weeks of the biggest depression of all times. please!
Lmao you fucking Jew
>now we're just building applications and playing the waiting game
you don't have much time
calvin mines at a loss
bsv will never pass btc
you can keep seething and raging, doesn't change anything