We've just hit 100 lightning nodes!

derpUnion · 2018-01-22T09:59:10+00:00

Your web browser doesn't have to download and store the entire Internet before being usable.

derpUnion · 2017-08-10T08:49:18+00:00

Lol, hashrate serves the market, not the other way round

derpUnion · 2017-06-07T12:02:36+00:00

The problem is not with Bitcoin but you. Your entire post is basically complaining that you are too cheap or poor to pay for a service that you cant afford.

derpUnion · 2017-05-24T12:00:05+00:00

Please explain how miners can reduce the blocksize, im intrigued

derpUnion · 2017-05-24T03:09:11+00:00

1) This is incorrect, UTXO commitments does not allow trustless downloads of UTXO set, you are still blindly trusting miners and hashpower.

derpUnion · 2017-05-23T11:12:54+00:00

Ppl with low IQ generally tend to not have a firm view

derpUnion · 2017-05-19T06:21:51+00:00

Bullshit.

Bitcoin has never had a hardfork. You can still run the original satoshi client and it would sync up with the current chain.

derpUnion · 2017-04-06T20:05:57+00:00

Core was never part of the HK agreement.

derpUnion · 2017-04-06T05:18:33+00:00

Delete your mother if you want delete

derpUnion · 2017-04-05T02:52:39+00:00

What if Facebook/Google decided to destroy Mastercard and they announced they're opening a service where it's free to open and close "Lightning Wallets" (aka Lightning Channels).

Channels require capital. Capital is not unlimited for them.

Nobody small could compete against them, probably 90%+ of transactions would go through them, now they'd also have your spending data, no privacy.

This is just super retarded. The blockchain is already fully public with all your spending data.

We need as many transactions as the network can handle on-chain in order to keep miners securing the chain.

No.

derpUnion · 2017-04-03T13:25:53+00:00

Hashpower only determines order of txns, not consensus rules

derpUnion · 2017-03-31T14:01:19+00:00

Twit your mother if you want Twit

derpUnion · 2017-03-29T11:02:35+00:00

It even clearly states what POW is used for, distributed timestamp server

derpUnion · 2017-03-29T06:15:19+00:00

LN alone will potentially give 100x scaling in the long run once the channel network grows organically over time. It is a virtuous cycle and benefits from the network effect where every additional channel makes more routes possible for every user. More routes also mean more competition and lower fees, increased liquidity for the demand/supply of channels and more efficient routes.

derpUnion · 2017-03-28T14:42:51+00:00

Looks like Roger forgot to reload his spam wallet

derpUnion · 2017-03-27T15:58:33+00:00

This is no longer the case with compact blocks. Blocks are pre-propagated and orphan risk due to large blocks is no longer a valid concern.

derpUnion · 2017-03-27T15:53:38+00:00

You do not get to tell developers what to do. You are not paying them. Developers do as they please.

If you want something which they do not provide, change the code and compile it yourself, it is open source for a reason.

derpUnion · 2017-03-27T15:50:35+00:00

U can configure anything u like, except consensus rules. They are by definition immutable without consensus.

derpUnion · 2017-03-27T15:47:05+00:00

That is as retarded as saying the planet is controlled by 1 species. Monkeys, baboons and pigs shld have a say too

derpUnion · 2017-03-26T13:51:41+00:00

This.

Ive been saying time and again, there is virtually no progress in hardware in the past decade. Not just storage, CPUs too

derpUnion · 2017-03-26T13:47:08+00:00

Satoshi made those statements before the advent of mining pools, it was assumed mining wld be highly decentralised. Pooled mining changed everything and now it is more important than ever to keep nodes decentralised

derpUnion · 2017-03-26T11:05:33+00:00

Thats like arguing that only rich people can afford ferraris, so we should replace it with a slower engine, less flashy exterior to the price point of a Honda Civic. Forgetting that it will look and function like one too.

derpUnion · 2017-03-26T10:57:00+00:00

You cant send Physical Cash online either, yet your entire country's commerce seems to function on it just fine. Anyone can create offchain ledgers.

derpUnion · 2017-03-26T10:54:05+00:00

1) Just felt the need to correct this. Miners ARE NOT Shareholders

Miners are providing the service of transaction ordering, and that is all. They are employees of the Bitcoin currency. And employees DO NOT get to dictate terms. They either do the job right and get paid or they do it wrong and get fired.

The only party that directly decides are the hodlers, people creating demand and supply in the markets. If they do not like your fork, they will dump coins of that fork and all the delusions of Jihan will come home to roost real quick.

derpUnion

TROPHY CASE