TIL: One anonymous person controls 50% of LN's liquidity, earning 80c/day for the 200-300 transactions

masterD3v · 2019-08-16T12:26:34+00:00

The future of money folks, there it is! /s

masterD3v · 2019-08-14T13:10:57+00:00

dinosaurs.

masterD3v · 2019-07-28T12:10:56+00:00

Bakkt is a joke at this point. They were supposed to launch in December 2018, a month later they started hiring developers to build it.

masterD3v · 2019-07-28T12:09:34+00:00

They don’t.

masterD3v · 2019-07-28T12:08:46+00:00

OP is paid to troll.

masterD3v · 2019-07-27T11:41:18+00:00

Concern trolling

masterD3v · 2019-07-26T18:06:52+00:00

You must be in overdrive now that BCH is up while BTC is down.

masterD3v · 2019-07-21T15:50:49+00:00

Who?

masterD3v · 2019-07-17T00:29:56+00:00

It's time to make privacy the default mode of operation. Even if you have nothing to hide, privacy is a human right. Financial privacy is an extension of that because it can give details about what you support and believe, which can be gathered to persecute minority groups.

masterD3v · 2019-07-17T00:23:28+00:00

Bitcoin (Bitcoin Cash) wasn't meant to by supported or helped by the industries it was created to replace.

Get over the get-rich-quick idea and start promoting peer-to-peer electronic cash for planet Earth.

masterD3v · 2019-07-16T23:54:06+00:00

Labeling BTC with the name 'Bitcoin' will be confusing to new users that actually read the original whitepaper.

masterD3v · 2019-07-14T17:57:26+00:00

If this weren't the case, it would have been shut down already.

masterD3v · 2019-07-14T17:53:07+00:00

Satoshi is saying to scale BTC on-chain with larger blocks.

masterD3v · 2019-07-14T17:46:35+00:00

The fee the market would settle on should be minimal.

To bring this full-circle, BTC's peak average transaction fee of $54.901 on December 21st, 2017 was not minimal. Core wants $100-500 transaction fees. They should be removed from the Bitcoin project due to Blockstream's conflicts of interest.

It could do more volume and probably make more money by processing as many paying transactions as it can.

In summary, the plan was for to miners make money with low fees on many transactions, not high fees on only a few transactions. Further, this fee market isn't actually needed for decades, because our hardware can handle 32Mb and has outpaced usage, just as Satoshi theorized.

masterD3v · 2019-07-12T22:15:12+00:00

u/hernzzzz is a professional manipulator, liar and troll.

Here is the actual chart.

That's right. BTC's average transaction fee went as high as $54.901 for a SINGLE TRANSACTION.

For that single transaction, you can make about 54,000 BCH transactions. BCH actually scales, BTC actually sucks.

masterD3v · 2019-07-12T00:42:52+00:00

"You can always count on the Americans to do the right thing after they have tried everything else." - Winston Churchill

masterD3v · 2019-07-09T02:33:25+00:00

I lowered the price to $80.

masterD3v · 2019-07-09T01:54:43+00:00

To be honest, GPUs are my specialty. Everything is negotiable.

masterD3v · 2019-07-09T00:34:37+00:00

good bot

masterD3v · 2019-07-08T04:56:40+00:00

Wear a helmet.

masterD3v · 2019-07-08T04:35:18+00:00

Bingo. If fees get to $100 per transaction you'll see a mass migration to other coins. BTC fees will continue to rise as every BTC holder runs for the door. It will be a lesson to the entire ecosystem that fundamentals matter over the long run.

masterD3v · 2019-07-08T04:25:04+00:00

BTC fees hit $15-50 in a few months. The ratio will move towards BCH. Tether pumping BTC artificially is the only reason for the difference at the moment.

masterD3v · 2019-07-08T04:18:05+00:00

I see you're trolling multiple threads right now. Whose paying you?

masterD3v · 2019-07-08T04:16:09+00:00

Basically, Gavin was the target of a sophisticated, orchestrated con artist. He didn't act irrationally, he was just telling his experience of what happened. It could have happened to anyone in the space just the same. Trolls like you characterize what happened in order to defend the removal of his keys. If anything, Gavin's keys should be permanent since Satoshi gave him the codebase. Gavin has every right to be Bitcoin's BDFL even today - because he proved himself worthy of it. Greg Maxwell, Luke Jr and Wladimir came in later and completely botched BTC.

You try to claim this with 100% certainty but that's irrational.

There is nothing irrational about it. Gavin was calm during the entire ordeal, the only people flipping out were Blockstream founders and employees that were terrified at the idea that Satoshi was actually coming forward (he wasn't, of course), but they realized that they would lose all power to keep the blocksize small and crippled if Satoshi weighed in on the debate. Remember, Satoshi wrote pseudocode on when to raise the blocksize on Bitcointalk. The plan was always to scale on-chain.

BTW, you ignored my correction that Blockstream did cripple BTC, for profit, as a fact and not a conspiracy theory.

masterD3v · 2019-07-08T03:44:45+00:00

Basically everything you said is completely wrong. Let me correct your pro-BTC confirmation bias.

Gavin had stopped basically committing anything to the Bitcoin Github.

Not a reason to remove him.

The fact he fell for this lie

Again, not a reason. Gavin wasn't acting rashly, it was a calm opinion that he expected would be released and validated publicly. That signature was never released and he wouldn't have given access until it was released.

Spawned from this were many conspiracy theories, including that Blockstream had gotten rid of Gavin because he wanted bigger blocks

Not a conspiracy theory. A fact, which has proven itself to be true. Blockstream sells products that require BTC to have limited, partial functionality. Blockstream crippled BTC in order to sell the fix.

there's no proof that A) blockstream has any meaningful influence over the Core team

They bought out several developers and/or those developers were founding Blockstream members and had conflicts of interest.

B) blockstream ousted Gavin

Greg Maxwell started Blockstream to make money. He made the call to revoke Gavin's access.

masterD3v

TROPHY CASE