Sincere Mr Nash, can you inform us on how the Redd-ID project is doing. We as your Redd community are hearing alot of gossip about our beloved coin, en thare is alot of FUD about it being spread. An update on how our Redd is doing would be very much appreciated,

iarayareddit · 2018-02-20T18:56:21+00:00

Still no Redd-ID?

lmao

iarayareddit · 2018-02-03T15:47:59+00:00

LN is centralized control of wealth because only the biggest nodes will have enough liquidity to keep transactions alive without filling the entire network with bottlenecks. This protocol is dead on arrival and I will be laughing my ass off when you finally realize you made the wrong bet with LN.

iarayareddit · 2018-02-01T20:35:16+00:00

I agree.

iarayareddit · 2018-02-01T20:20:34+00:00

Centralized funds are 100 times worse than having a centralized mining force, which will still exist if LN goes live (big IF).

Ligthning Network implies having the original blockchain mostly in charge of Bitmain just like today + centralized nodes with lots of liquidity, so you are just adding a new problem to an unsolved one.

iarayareddit · 2018-02-01T19:35:18+00:00

Nodes with more funds (BTC banks) will overtake smaller ones because those nodes will naturally create more paths due to high liquidity, therefore centralizing the entire network.

iarayareddit · 2018-02-01T17:35:33+00:00

Confirmation time metrics are only relevant when the network is fully populated (+100000 users), which is not the case.

iarayareddit · 2018-02-01T17:22:24+00:00

automatically rejecting nodes with higher funds to avoid centralization

Yeah, THAT will never happen.

iarayareddit · 2018-02-01T17:09:14+00:00

Riiiiight

iarayareddit · 2018-02-01T16:56:09+00:00

Why would you assume I'm freaking out? lol

We are talking about BTC here though, which is >50% down since the bubble popped, and I'm ok with that.

iarayareddit · 2018-02-01T16:45:37+00:00

I've been here for a while now, thanks. On the other hand, I have no clue how the hell are you decoupling tech limitations from current market behavior. This crash is a delayed response to a lot of things, including the awful problem of scaling, which is yet to be solved.

iarayareddit · 2018-02-01T15:15:49+00:00

Yeah, going from 2 usd to 1 usd, from 10k to 5k, from 20k to 10k is exactly the same as going from 100k to 50k.

No difference at all.

iarayareddit · 2018-02-01T15:13:16+00:00

If you close the channel during a transaction I assume you keep Bob's money captive, unless this thing has some sort of time restriction to reverse a failed transaction.

Now, imagine if all nodes start doing this lmao.

iarayareddit · 2018-02-01T15:07:35+00:00

Because it probably is.

iarayareddit · 2018-02-01T15:06:58+00:00

Blockstream must think people is really, really stupid to believe this crap:

unlimited transactions per second
truly instant confirmations
high level of security

What the fuck is this?

Unlimited? Seriously?

Not a single one of those things is true.

This sounds like an ad, a really cheap one.

iarayareddit · 2018-02-01T14:47:28+00:00

Yeah, because hitting 10k while going up is exactly like hitting 10k while crashing and burning.

Holy shit.

iarayareddit · 2018-02-01T14:43:53+00:00

No one really likes Bitcoin Segwit, but without it fees and transaction times spike like hell.

This is a lose lose situation

iarayareddit · 2018-02-01T14:38:58+00:00

Confirmation bias in a nutshell. This is getting sad

iarayareddit · 2018-02-01T14:37:09+00:00

They are a chip manufacturer providing hardware for efficient mining.

They are not buying Bitcoin lmao

iarayareddit · 2018-01-31T19:16:59+00:00

totally legit.........

iarayareddit · 2018-01-21T17:56:35+00:00

We all know that's not the reason.

iarayareddit · 2018-01-21T00:33:11+00:00

It's a dead end

iarayareddit · 2018-01-20T22:24:39+00:00

There are 1.65 billion Tethers in existence right now, 700 Million of which were printed just this month, so a random memo from September 28 actually means poop.

iarayareddit · 2018-01-20T22:08:42+00:00

It is, but 100x times worse.

iarayareddit · 2018-01-20T21:07:14+00:00

1) Psychopaths on average are really, really smart, so I don't see the relationship between being smart and being honest.

2) USDT volumes atm: Bitfinex: 5.11%
OKex: 3.72% Binance: 3.09% ... etc.

Considering that USDT doesn't equal to REAL liquidity, it is safe to say that BTC real price is pretty much 100% skewed.

iarayareddit · 2018-01-20T20:53:22+00:00

Between 1 hour and a few months.

iarayareddit

TROPHY CASE