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RE: Roger Ver and Bankster's nightmares - Bitcoin Lightning Network edition

in #bitcoin7 years ago

Ha ha...you said bankster.....

I am a HODLer...HODL HODL HODL

BCash always struck me as a joke to begin with. The fact that it did not solve the transaction time problem meant that it was doomed to play second fiddle. Going to 8 MB blocks solved nothing. So what is the transactions went to 15 per minute...what does that solve? Get to 20,000, and you are talking.

The banksters just have crypto to fear in general. All the different blockchains that exist are going to do so for purposes that destroy the banksters. We are going to see many different ones used for different purposes, all which exclude the banksters.

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BCash is just a kick of the can, an evolutionary dead end, the hallucigenia worm of crypto. Raising the block size was never the answer. Roger is a joke but he's a great marketer. I kind of like him after all ;). Regards Task!

With your technical background, what makes you say BCash was a farce from the start? Is there technical reasons or just common sense ones?

It's simple really. A big block containing Visa level numbers of transactions would be several gigabytes in size and impossible to transmit over internet in under 10 minutes. The internet also scaled through a second layer solution that's running on your router right now (Network Address Translation NAT) so that's why I believe they are the most likely solution. Big blocks just kick the can.

What you talking about bcashers are getting tb blocks soon. Full nodes ain't important. It up the mining pools to do it. No problem. That is totally decentralization am i right :)

Whilst I agree crypto as a concept is s threat, I think we need significant consolidation in the space before progressing. There are too many shite coins at present that offer nothing of value.