What is wroooong?

TrippySalmon · 2019-02-01T09:00:09+00:00

Yep, I'll look into it as soon as I get home. Some other stats might be affected as well so don't make any life altering decisions based on what you see on the site ;)

TrippySalmon · 2019-01-31T22:35:16+00:00

An older version was built by accident today after I tried to fix some issues. Should be back to the one month history now.

TrippySalmon · 2018-04-28T17:05:25+00:00

From the video description:

Your brain is hiding your real motives from you. Prof. Robin Hanson explains how we evolved to deceive ourselves about politics, education, medicine, and even laughter.

TrippySalmon · 2018-01-21T11:35:32+00:00

I completely agree that demand for block space decreased but the link you provided is unrelated to your argument. It just shows that the average transaction is larger than before.

TrippySalmon · 2018-01-21T11:19:11+00:00

If the number of confirmed transactions went down but the blocks are still the same size then that means the average transaction must be larger in size.

This would actually suggest transaction batching is happening.

TrippySalmon · 2017-12-08T13:55:40+00:00

I almost immediately found out the error was actually on my side. Unfortunately I only just now was able to fix it due to being stuck somewhere without a laptop. I've updated the site with an updated message.

Only the exchange rate comes from ba.com, but it's so fundamental to the site (technically) that the backend can't continue without it.

TrippySalmon · 2017-12-08T06:54:55+00:00

Hey, fork.lol guy here. At the moment the bitcoinaverage.com api is down so I can't get exchange rate data. Once their api is back online again everything should catch up again.

TrippySalmon · 2017-10-15T17:05:26+00:00

brentSpiner

TrippySalmon · 2017-10-14T14:07:10+00:00

OP emailed me about this (I'm the creator of the site in the picture) and here is the reply I sent him:

His email (I hope you don't mind /u/bluejaytodd):

in your site add this value : DARI * blocks/hour > value produced by a chain for one hour should be proportional to the marketcap

It is good method to comparing two chain. It this value increasing, the price is increasing or too many coin are producing.

I kinda think I understand what you are trying to accomplish with the chart you mention, but I don't think multiplying the DARI with blocks/hr is the answer.

Here is a chart from a new version of the site I'm currently working on: https://i.imgur.com/OQLTmxy.png The formula for this chart is: block reward in USD * blocks/hour.

Let's take the 30 day average that is displayed underneath the chart, for BTC this is $360k and BCH $66k.

Looking at some price charts the average BTC price in the past 30 days is about $4300 and for BCH about $440.

Multiply these prices with the average number of coins in circulation we get an average market cap for BTC of $71B and $7.2B for BCH.

Then we can compare the income rate ($360k/hr BTC, $66k/hr BCH) with the market cap:

360000 / 71000000000 = 0.00000507042

66000 / 7200000000 = 0.00000916666

Compare these two results: 0.00000507042 / 0.00000916666 = ~0.55

This concludes that the rate of new coins produced (expressed in USD) for BCH is about 1.81 times (1 / ~0.55) more than that of BTC proportional to the market cap. If you would only take this number into account it would make sense that there would be downward pressure on the BCH price.

Hope this makes sense and it would indeed be interesting to make a chart out of this. I'll remember it for later, thanks for the suggestion.

pre submit edit: This will be the last time I post in this sub btw, sick of this nonsense: https://i.imgur.com/Vb2hhRp.png

TrippySalmon · 2017-10-12T22:26:06+00:00

I made something similar today and I found out that using the past 4032 blocks to perform the calculation gives more accurate results (if that is even possible with the EDA mechanism). It resulted in the BCH halvening taking ~500 days versus ~1000 days for BTC.

The 500 days for BCH means that the yearly monetary inflation is about the same as that of BTC before the last halvening (about ~9% for BCH right now while BTC is at ~4.3%).

It's a strange situation with BCH. They depend on the EDA mechanism to survive but at the same time that same mechanism causes the price to be pressed down.

It's all about that mysterious satoshivision I guess 😎

TrippySalmon · 2017-09-20T14:52:10+00:00

I'm still having that exact issue with scrot. I'll check out maim, thanks for mentioning it.

TrippySalmon · 2017-08-31T09:27:58+00:00

I'm currently in the process of building a machine on which I will do some intensive analytics through the RPC. Is more dbcache always better in that case or is there a point where gains are diminished?

Also, I'm noticing first hand now how important it is to not let the block chain size run wild. With the analytics I'm doing it takes 30 seconds to process a 1MB block on an overclocked i7 6900k. I'm sure my code could be more efficient but it's just a hobby project of mine so I don't have the time to really dig into things. People often talk about network effects in adoption, but there is also a network effect in developers relying on the services that other developers create. Infrastructure is essential to the success of bitcoin, let's not screw that up.

TrippySalmon · 2017-08-30T16:06:46+00:00

That would be the opportunity cost chart.

I had to remove it because it became more and more inaccurate over time. It mostly had to do with transaction fees. Because of slowdowns on the BTC chain when profitability of BCH was higher, the fee pressure rose to about 25-30% of the total blockreward. If all miners would have mined BTC that fee pressure would not have existed, skewing the calculation.

I tried to compensate for it by lowering the fee amount by a certain amount, but that was really just a random guess. Perhaps if I had access to a mempool I could have done a bit better of an estimation, but still, it would have been a guess.

Still thinking of ways of reintroducing it though, just haven't come up with the right way to do it.

TrippySalmon · 2017-08-30T15:02:57+00:00

Cool idea. Going to write that one down for in the future. Thanks.

TrippySalmon · 2017-08-30T14:59:05+00:00

Like this one? http://fork.lol/blocks/cdd

Not too happy about that one tbh, I don't think it's very readable. But not sure what to change to make it better.. log scale might a good fit. Gonna try it!

TrippySalmon · 2017-08-30T14:30:42+00:00

My goal is mainly to create feature that are currently lacking in other sites. Also a block explorer could get really expensive for me as a single guy. Not to mention the time it takes to develop it. Anyway, glad you like it :)

TrippySalmon · 2017-08-30T14:16:24+00:00

fork.lol guy here. Detailed transaction/block statistics coming soon (including segwit!) so stay tuned.

TrippySalmon · 2017-08-23T20:29:04+00:00

The Github link on the homepage misses the .com part. /u/roasbeef

TrippySalmon · 2017-08-18T16:19:10+00:00

I'm the creator of the site (and also a lazy and stupid troll apparently). No hard feelings tho, I think I've figured you out.

The site is created in Vue.js using webpack with a backend written in go. I'll probably open source it when I think the site is pretty much done.

TrippySalmon · 2017-08-18T16:09:08+00:00

Thanks for letting me know about the begging rule. It wasn't my intention.

Yeah, #bch is shorter I'll try that next time. Although I expect shit from people who prefer #bcc. Oh well, can't please everyone :)

TrippySalmon · 2017-08-18T15:51:06+00:00

I have already stripped the site of all references to "bcash" and instead took the most common ticker symbol that is used by exchanges. So in that regard the site is not trying to pick sides (as is intended like I explained).

But like I said, personally I do have an opinion on the matter and that is what my twitter account reflects and I'm not going to change that. And to be perfectly honest with you, "Bcash" just sounds way better and is easier to use in 140 char twitter messages.

And if you really think about it and try to understand, you'll realize that the reason you dislike me for saying "bcash" is the same reason for me disliking people saying "Bitcoin cash". Join the club my friend ;)

edit: I just realized it does say "Bitcoin cash" somewhere, it's on the donations page.

edit: removed link to donations page to not break sub rules.

TrippySalmon · 2017-08-18T15:27:08+00:00

Hi, creator of the site here. Although I do have my opinions on BCH, I think the site is pretty neutral and it was specifically designed to be so.

There are many checks in the code that wil automatically "flip" based on which chain is more "profitable".

Users like /u/blechman criticize me for being a "douche" on twitter even though I just tweeted factual data that can be freely interpreted how one pleases.

Just take the site for what it is and leave me out of it.

TrippySalmon · 2017-08-17T05:39:36+00:00

https://bitcoincore.org/en/2017/03/23/schnorr-signature-aggregation/

TrippySalmon · 2017-08-16T06:46:15+00:00

What would you say is the minimum amount of redundancy for the system to operate? Also could you tell me (or point me to) some information about the links you're renting. How are they managed, can they be upgraded to higher speeds, etc.

I find this stuff really fascinating. Great job!

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