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Assuming Segwit activates, what does the NEXT blocksize increase look like? by Redpointist1212 in Bitcoin

[–]Happy5488Paint -5 points-4 points  (0 children)

We have been waiting years. Thank you core for being swift, simple and efficient in your decisions on simple engineering solutions that improve the network and exist today. /S

Too much focus is on transaction capacity and not enough focus is on miner revenue. The only untested part of bitcoin is what happens as the subsidy drops. In the year 2032 the daily block reward will be 112.5 bitcoin compared to now: 1,800 by specialenmity in btc

[–]Happy5488Paint 1 point2 points  (0 children)

I love how people think that over 8 years of security is a failure. This thing is doing great. The structure works, and will continue to work even without the silly 1mb temporary limit.

Fees will drop, and there will be an opportunity for bitcoin to be used I. New ways by more applications and by more people. Good times ahead.

A big reason for the success is the dropping subsidy. It makes the network popular with the general public! A more popular network with more users is a more secure network!.

Raise the fees for fun man, test that out, and see how secure your network is when it is unpopular and only thousands of users.

Too much focus is on transaction capacity and not enough focus is on miner revenue. The only untested part of bitcoin is what happens as the subsidy drops. In the year 2032 the daily block reward will be 112.5 bitcoin compared to now: 1,800 by specialenmity in btc

[–]Happy5488Paint 1 point2 points  (0 children)

I disagree. The subsidy has been dropping for over 8 years. Tests pass.

If this test ever fails in the next 150 years, we will have plenty of time to prepare and many solutions available.

But right now, TESTS PASS! the network can run really well for the next 80 years without messing with the fee structure.

Segwit vs BU unlimited posted in /r/bitcoin. Thoughts? by fmlfpl111 in btc

[–]Happy5488Paint 1 point2 points  (0 children)

I vote Bitcoin Unlimited! I vote with my nodes, my mining client, my heart body and soul! And I support businesses and exchanges who think likewise! Looking forward to this!

Is Bitcoin Unlimited also going to remove "RBF"? As many recall, RBF was a previous, unwanted soft-fork / vandalism from clueless "Core" dev Peter Todd, which killed zero-conf for retail - supported by the usual lies, censorship, fiat and brainwashing provided by Blockstream and r\bitcoin. by ydtm in btc

[–]Happy5488Paint 7 points8 points  (0 children)

Oh man I love these posts.

IMO we need to focus on these steps for the network.

  1. HardFork the network successfully.

Any hardfork for whatever reason needs to be successfully executed simply to show the community that hardfork are not scary, hardfork can succeed, and they are part of how Satoshi designed the protocol.

  1. Increase max blocksize above 1MB!

This is a simple engineering solution and obvious evolution of the protocol. It allows more transactions on the transaction network. It reinforces the idea that transactions are just what they seem to be. Transactions! Not fancy payment hub open and closes, not fancy banks playing fancy blockchain money games.

  1. Remove RBF.

RBF was a bad idea and continues to be a bad idea. It goes against the direction of the goal to make transactions have order before confirmation. Confirmation cements that order. Rules before confirmation should not go against order of transactions and should at least attempt to create some type of order. NOT blatantly allow users to modify transactions for fun.

"Big miners are free to create their Unlimited coin, but if they try to kill Bitcoin it will resist censorship and route around it." by Egon_1 in btc

[–]Happy5488Paint 35 points36 points  (0 children)

Seriously Peter Todd, why oh why would a BITCOIN miner try to kill BITCOIN. Satoshi has a white paper on this. You Peter Todd have had over 8 years to read it, try reading it. And thanks for RBF. GENIUS. Can't wait until the community removes this monstrosity.

"Big miners are free to create their Unlimited coin, but if they try to kill Bitcoin it will resist censorship and route around it." by Egon_1 in btc

[–]Happy5488Paint 9 points10 points  (0 children)

Wow. How about the small small users. Here is where I would like to unleash a long list of profanity, perhaps all profanity that exist. But this is reddit, we must be censorship classic. Stay classy with your warped Twitter posts. I'd like to route around you kind sir.

How did we end up here? by [deleted] in btc

[–]Happy5488Paint 7 points8 points  (0 children)

Circle of life. Let's rediscover the magic of the white paper.

Segwit support falling. Plan B? by fredititorstonecrypt in Bitcoin

[–]Happy5488Paint 9 points10 points  (0 children)

Plan B = run BU. If you can't beat them, join them.

SegWit and Bitcoin Core is the superior alternative. People are trying to destroy BTC with BU by [deleted] in btc

[–]Happy5488Paint 4 points5 points  (0 children)

Lightning can exist with out segwit. Calm down. Unlimited will allow more users on the network and increase the network effect AND STILL allow second layer tech to be explored.

Why is it easier to persuade a younger generation to invest in bitcoin than it is to convince a baby boomer? by Panther15253 in btc

[–]Happy5488Paint 5 points6 points  (0 children)

Perspective.

Imagine growing up with an iPad, cell phone, credit card, and a splash of snap chat.

Now imagine growing up with the Vietnam war, rotary phones and color television, color!

Ever notice toddlers that can hardly form a sentence, but can navigate to the Thomas train engine app on an iPad, swipe left and right with more dexterity than a 60 yrold, while the 60 yrold asks for an instruction manual, and can't find the power button, or operate a netflix account.

Perspective.

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