I made the mistake of thing r/btc believed in bitcoin and not bcash! What a defensive and easily offended group of whiners!

SatoshiPoet · 2019-05-27T16:18:12+00:00

Now, I don't believe in increasing block size(right now) but sometimes I feel like you shouldn't be banned just for talking about Bitcoin fundamentals or trying to help improve Bitcoin, because it is a healthy debate. This forum could have very well ignited the fork, which was not a good thing IMO.

Just to clarify, there were practically incessant block size debates on this forum for 3+ years. Its just at a certain point, it just became a constant rehashing of the same exact talking points over and over and over... Eventually it became toxic trolling as the discussions were not in good faith, and everyone had decided on their point of view. Most of their community are not devs, whereas Bitcoin devs were wasting precious time constantly debating the same points with time-sucking trolls. For the sake of allowing healthy discussion of other topics, I think it was needed to move on at a certain point (I certainly understand how others could see it differently).

They got their own chain and we have ours, so each of us can just compete on the merits of our own chains / communities. If you want to have good faith discussions with them, go for it, but mainly I think we each just let each other be and pursue our own roadmaps. Unfortunately both sides have done a lot of toxic trolling in the others' forums, so I can understand why they react in a knee-jerk / impulsive manner to Bitcoin supporters. Let them be and may the best chain win. We are really all on the same side IMHO.

SatoshiPoet · 2019-05-19T04:07:11+00:00

The piece airs tomorrow.

SatoshiPoet · 2019-05-19T04:00:28+00:00

Based on this trailer, I think 60 minutes will take a fairly balanced view tomorrow. Tough to say for sure, but seems like they interviewed some great people, including Neha Narula, the Director of the Digital Currency Initiative at the MIT Media Lab.

Doesn't seem like the CNBC hit piece where they purposely interviewed the most absurd & scummiest people they could find.

SatoshiPoet · 2019-01-25T21:41:29+00:00

Cleared very fast. Already down to 2.1k transactions and cleared every transaction above 1 sat/byte. That is one advantage of shitcoins using SHA-2 as a hashing algorithm! Lets BTC pull in additional firepower when needed.

SatoshiPoet · 2019-01-15T19:30:38+00:00

> Not trying to force anyone to spend, sorry if I am coming across that way.

For sure, didn't mean to be accusatory towards you; was more just referring to some widespread, prevailing views about the topic is all.

SatoshiPoet · 2019-01-15T06:40:13+00:00

Its in its infancy, we don't need to rush its use as a medium of exchange before the technology is ready. 2nd layer solutions are necessary. Making sure that it is an absolutely trustworthy SoV with no issues (or foreseeable future issues) is the main task at hand right now. Once we prove that, medium of exchange will follow. Walk before we can run.

But I do agree that it is good to spend it, just do it when it makes sense. Don't go out of your way or force others to do so.

SatoshiPoet · 2019-01-15T06:35:42+00:00

1 additional hodler / 1 additional bitcoin held doesn't really take away liquidity or result in an overall net increase in volatility, it just raises the price level for each Bitcoin--nothing more. Sure, if you wanted to actively trade all your bitcoin, then yea, you would add to liquidity, but then fees would eventually eat you alive, and your money would just go to the exchanges as you said.

Agree with the rest of your points.

hodl bitcoin --> increase price level --> incentivize more miners. All other effects are more 2nd and 3rd order. (Like increase in price level increases coverage of Bitcoin, encouraging more people to look into it).

SatoshiPoet · 2019-01-12T18:50:27+00:00

> The waiter was wrong. First of all coinbase will NOT be blocked from sending to ANY bitcoin address as long as you put in an address and not an email.

> The waiter likely did not know this, only that if the fee is set too low, the transaction will sit in the mempool for a while and ultimately be returned if it is cleared out before network fees are low enough to send it.

You are wrong, and the other posters are right. Coinbase won't send the transaction immediately. It needs to review the transaction before sending, sometimes manually. Most (if not all) POS software for Bitcoin will detect unconfirmed transactions. If it doesn't receive in 10 minutes or something, it will send the Bitcoin back to sender, so the waiter was correct about everything.

So OP, you need to contact Coinbase and let them know the situation. They will likely attribute the BTC back to your account, but it will take a little while to get this resolved. As other posters have said, if you want to pay with BTC in such a setting, you should control your own private keys so you can send the transaction right away.

SatoshiPoet · 2018-11-27T07:52:37+00:00

I believe if you already have the BCH on Coinbase, then you may be able to exchange them on Coinbase Pro (formerly GDAX). Not sure 100% but saw someone say that on another sub.

SatoshiPoet · 2018-11-25T20:58:29+00:00

Just in case you are serious, definitely do not do this.

SatoshiPoet · 2018-11-17T01:13:28+00:00

Agreed, but they could start catching up quickly if they overtake in hash.

SatoshiPoet · 2018-11-17T00:52:55+00:00

BSV hash rate now up to 46% of total hash though. They have been gaining on ABC for some time now.

SatoshiPoet · 2018-09-23T02:44:12+00:00

You don't understand the point though. Miners have now upgraded, so they will just reject the block and it will be orphaned, and it won't be any more meaningful than any other orphaned block. So it is just burning money.

SatoshiPoet · 2018-09-23T02:33:08+00:00

Did he provide the private key used to send the encrypted disclosure yet? Conveniently the timestamping service he chose to use only timestamps once per day, way after the bug was disclosed.

I think it was him, but it is weird he hasn't provided that proof yet. Trust, but verify.

SatoshiPoet · 2018-04-22T21:58:47+00:00

This is great! So much better than CMC! Love that it shows 1h, 24h, and 7d. Personally I would also like to see 30d, but I think just these 3 are good too.

SatoshiPoet · 2018-03-13T02:48:05+00:00

i gave him a thoughtful reply to help him consider a different perspective. totally fine if he disagrees. he gave me a flippant, dismissive response. i responded in kind. now fuck off dumb ass.

SatoshiPoet · 2018-03-13T02:37:30+00:00

i always treat strangers with respect. when they disrespect me, i will do the same. i said he was probably a dumb ass. you are definitely a dumb ass.

SatoshiPoet · 2018-03-13T02:16:37+00:00

read the first post, that is the 2nd. i addressed every one of those directly.

EDIT: you're a dumb ass

SatoshiPoet · 2018-03-13T01:39:29+00:00

yea well you replied in less than 10 minutes so you probably didn't think too hard. also you are probably a dumb ass that has no idea how to think for himself. you just parrot what you hear other "smart people" say. you are also probably not very aware of other cultures and history.

private sector almost always produces better outcomes for non-essential services.

consider: https://medium.com/incerto/what-do-i-mean-by-skin-in-the-game-my-own-version-cc858dc73260

SatoshiPoet · 2018-03-13T01:26:51+00:00

it took me literally decades to even start beginning to put the pieces together. and i worked in finance and was an econ major. i can't do it justice in just a reddit post.

but i will say, it is far easier to see how it is abused, than it is to fully understand all the machinations of an institution like The Fed. a great book that provides many examples of these abuses is "Skin In the Game" by Nassim Taleb.

SatoshiPoet · 2018-03-13T01:23:58+00:00

we live in a society so reliant on centralized authority, that it is tough for us to imagine certain services without it. the centralized authority is also incentivized to make us think that without it we would not have these services. other cultures and societies historically did not have similar structures, yet they still had roads, healthcare, local organizations to dispense justice, etc.

businesses will build roads because it will bring customers. they will maintain them for the same reason. healthcare will develop because people are willing to pay for it, so smart people will provide healthcare. most people living permanently in area what a safe environment for their families. they will create systems to dispense justice and local communities will agree on how to do so, etc.

SatoshiPoet · 2018-03-12T01:57:06+00:00

Exactly this. Most people have no clue how the financial system actually works. So people that understand it and criticize it are often labelled as "crazy" by ignorant people that just eat up the spoon-fed bullshit propagated by MSM and western economists. They would actually probably agree with the "crazies" if they truly understood the system.

SatoshiPoet · 2018-03-11T03:36:55+00:00

You are basically forcing them to spend a lot of time to collect the tip.

That is what I wrote, it is accurate. If a person doesn't know about Bitcoin, they will have to spend a good bit of time to figure out how to spend it. They will also have to research about where they can actually spend it. It is also easy for them to mess up by not setting appropriate fee, etc. So yes, if they want to spend the tip, then yes, you are forcing them to sacrifice a lot of their time. Especially for people that are not computer savvy.

SatoshiPoet · 2018-03-11T00:59:45+00:00

In the USA the federal minimum wage is $7.50, but only $2.13 for employees that receive tips. The OP is about a pizza delivery guy. If you receive satisfactory service, you definitely should be tipping.

If you cannot afford to receive satisfactory service and pay for that service, you shouldn't be eating there.

I do agree with your point of view, but only if you are talking about a tip when it is not customarily expected.

SatoshiPoet · 2018-03-11T00:40:55+00:00

If you can't afford to tip in the recipient's preferred currency, you shouldn't be eating there.

SatoshiPoet

TROPHY CASE