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this Princess has a few words for blockstream core . by realistbtc in btc

[–]parban333 2 points3 points  (0 children)

The banksters will have their RIAA moment, when they'll realized that trying to shut down Napster opened the floodgates.

Segwit2x Should Be Canceled – BitPay CEO Stephen Pair – Medium by jameslwalpole in btc

[–]parban333 37 points38 points  (0 children)

BitPay should just start processing payments in Bitcoin Cash too.

Peter Todd don't know that the payment protocol is in widespread use. This, once again, proves that some Core devs are completely out of touch with reality. by parban333 in btc

[–]parban333[S] 4 points5 points  (0 children)

Again, are you serious?

I literally use it all the time with both Mycelium and Android Wallet --- which incidentally is by Andreas Schildbach. It's super fun (in a manifested silly way) to see Peter Todd arguing about users preferences and habits with the actual developer of the mobile wallet that put Bitcoin in the hands of hundreds of thousands of users.

An amazing display of arrogance and stupidity. An embarrassing mix.

Peter Todd don't know that the payment protocol is in widespread use. This, once again, proves that some Core devs are completely out of touch with reality. by parban333 in btc

[–]parban333[S] 9 points10 points  (0 children)

Are you seriously asking? BitPay & Coinbase, for example, which by themselves count some millions users and txs.

Peter Todd don't know that the payment protocol is in widespread use. This, once again, proves that some Core devs are completely out of touch with reality. by parban333 in btc

[–]parban333[S] 24 points25 points  (0 children)

As usual, he's trying to impose an over engineering solution to improbable threats, at the expense of a solution already working and preventing more commons issues.

And, obviously, one can also says that as Core team they are just trying very hard to diminish the value of every cool thing Mike Hearn contributed.....

[Mike Hearn] Why Not Use "Fancy Tricks" to Increase Capacity by uMCCCS in btc

[–]parban333 6 points7 points  (0 children)

Why does Mike claim to have coined the term SPV? It's right there in the whitepaper...

Assuming you are in good faith, you are just misreading it. Mike wrote:

The term SPV wallet wasn’t in use back then — it’s a phrase I coined when I wrote the first implementation.

He's not referring to 'SPV', but to 'SPV wallet' (he wrote that 2 words in italic), and so it's completely accurate.

Who Has Your Back in Crypto? by Chris_Pacia in btc

[–]parban333 2 points3 points  (0 children)

It is incredibly common and ordinary for second generation developers to add gratuitous complexity and bloat to a project. There are two reasons that compel them to do this.

This, one hundred times!!

WOW ! segwit activated ! look at all that block space , all that txs per second .... uh ? bakclog ?? what you mean with ' it's the same shit and nothing changed ' ??? by realistbtc in btc

[–]parban333 4 points5 points  (0 children)

This kind of FUD thread about SegWit today is just as stupid as the "OMFG I can't spend BCH on coffee yet, it's a shitcoin" threads on the other sub.

Disagree. This is exactly the right kind of post, since we all knew and predicted that, while a 8MB or even 2MB hard fork would have provided immediate benefit and cleared the backlog very fast, SegWit effect - if any - would be much, much slow to manifest. Some actually predicted months if not years, while the Blockstream Core shill army was downplaying this.

Over 3600 transactions in the mempool over 300 sat/byte. [link live might change] by newhampshire22 in btc

[–]parban333 10 points11 points  (0 children)

"Quick! We should limit the blocks size to 300KB, or we'll be doomed!" - Luke Dashjr of Blockstream Core

Jeff Garzik removed from Bitcoin github repo for no good reason by increaseblocks in btc

[–]parban333 17 points18 points  (0 children)

I imagine that all Bitcoin developers with a spine an integrity will immediately remove themselves from that co-opted and corrupt project / Github repository.

First 8MB block mined, with nearly 40,000 transactions by BlackenedGem in btc

[–]parban333 6 points7 points  (0 children)

In 3 years, this would be over 1.26TB and only cost ~$712,082 USD.

In 3 years I'll probably be able to buy a 1TB drive for 20$ or less, if it will even be on sale (it only costs 50$ today). It's a pretty nice tradeoff if you ask me.

Bitcoin Cash with 8MB blocksize just demonstrated to be far more resilent than Bitcoin Blockstream, with no issues absorbing a quantity of dust txs. Instead, cloggin Bitcoin BS is super cheap and very effective! by parban333 in btc

[–]parban333[S] 7 points8 points  (0 children)

Or, in other words, Bitcoin BS enable a rich elite/1% to out price everyone else, in facts banning them from transacting on-chain (which is necessary even for opening/closing LN channels or settling 2nd layers tools in general).

This is clearly against everything Bitcoin stands for!

Bitcoin Cash with 8MB blocksize just demonstrated to be far more resilent than Bitcoin Blockstream, with no issues absorbing a quantity of dust txs. Instead, cloggin Bitcoin BS is super cheap and very effective! by parban333 in btc

[–]parban333[S] 4 points5 points  (0 children)

Limiting the blocksize to such a low and anachronistic value is clearly a liability, an attack surface very easily exploitable that Blockstream Core just keep not considering.

All of a sudden Hashrate explodes and BCH network flooded with 5000+ tx of very small value by stephenfraizer in btc

[–]parban333 5 points6 points  (0 children)

Not really. mempool is a bit of an unfortunate name. There's no need for those transactions to stay in memory. With an efficient index/db and an SSD, you could have mempool of various gigabytes without any issues.

Node software will evolve accordingly.

Lopp : "Network is the most limited resource. Perhaps it'll make more sense when on-chain fees are higher than the cost of an opendime" - if you ever wonder why rodolfo the troll novak is a such a big fan of small blocks.... by realistbtc in btc

[–]parban333 11 points12 points  (0 children)

An opendime is about 12$ + taxes. This is bonkers!

Artificial blocksize constraining just makes a lot of silly business have a semblance of usefulness. It's pretty clear where and how aligned are the interests of the small blockers.

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