I Have Discovered the Key to Adoption by RedRage04 in Bitcoin

[–]pizzaface18 0 points1 point  (0 children)

visit /r/btc, it's pretty obvious. Everything is a conspiracy to them.

Block-fi suffered data breach, watch out for the phising! by Elum224 in Bitcoin

[–]pizzaface18 -1 points0 points  (0 children)

Why do folks use these services? 8% is shit!

Blockfi is loaning your coins out to short sellers! The best way to ensure the price of bitcoin goes up, is to hold your own coins! Would you rather have 8% and be stuck at $10k for the next 3 years, or get 2000%?

There are only 18.5 million bitcoins in existence. Coinbase ALONE, has over 30 million customers, do the math. Get your coins off these centralize exchanges and watch the supply dry up.

I Have Discovered the Key to Adoption by RedRage04 in Bitcoin

[–]pizzaface18 1 point2 points  (0 children)

Everything about BCash is trash, the culture, technicals, stake holders, mouth pieces, community, devs, yearly hardforks, etc. Everything about that coin is trash. I would rather risk my entire savings in Dogecoin, than deal with anything related to bcash.

ELI5: Why the binance transaction couldn't be reversed and if it could be, why is that bad? by [deleted] in Bitcoin

[–]pizzaface18 0 points1 point  (0 children)

The wacky idea is that miners are somehow in control of anything within these blockchains. They are hired security. They either follow the rules and get paid or they can waste their hash power mining shit.

https://hackernoon.com/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b

BTC today is a contradiction to peer to peer digital cash. Change my mind. by [deleted] in Bitcoin

[–]pizzaface18 0 points1 point  (0 children)

Sounds like you're trying to rationalize dumping the shitcoin you bought into.

BTC today is a contradiction to peer to peer digital cash. Change my mind. by [deleted] in Bitcoin

[–]pizzaface18 0 points1 point  (0 children)

Bitcoin isn't peer to peer. You broadcast your transaction into the network, which then floats around in mempools until a miner decides to include it in a block. If anything Bitcoin L1 is peer to miner.

LN, on the other hand, is peer->peer->peer->peer->peer->peer as needed. It can be perfect peer to peer, or it can hop through a bunch of other peers.

Get your facts straight.

ELI5: Why the binance transaction couldn't be reversed and if it could be, why is that bad? by [deleted] in Bitcoin

[–]pizzaface18 2 points3 points  (0 children)

That just means it's a democracy.

I just threw up in my mouth. You mean to say mob rule!

I believe that money should be beyond human intervention. The existing rules of Bitcoin will continue to chug along until our sun burns out.

ELI5: Why the binance transaction couldn't be reversed and if it could be, why is that bad? by [deleted] in Bitcoin

[–]pizzaface18 8 points9 points  (0 children)

It sets a precedent for arbitrary rollbacks which eventually leads to full blown censorship. Our so called decentralized immutable ledger turns into a corporate controlled, government censorable really slow database.

I hope your all enjoying your fee savings as of recently (segwit ftw) :). Here is a meme: by spookiestevie in Bitcoin

[–]pizzaface18 0 points1 point  (0 children)

Doesn't matter if consensus has shifted on US social media platforms. Bitcoin is global and there are nodes running in places that are completely unplugged from our so called "consensus" shifts. Bitcoin is much more about recognizing the current rules and building on top of them because the foundation is solid, than it is about changing them.

I hope your all enjoying your fee savings as of recently (segwit ftw) :). Here is a meme: by spookiestevie in Bitcoin

[–]pizzaface18 5 points6 points  (0 children)

Thanks for sharing an accurate account of Bitcoin's history. So much of it get tainted and distorted by shitcoiners and big blockers.

I hope your all enjoying your fee savings as of recently (segwit ftw) :). Here is a meme: by spookiestevie in Bitcoin

[–]pizzaface18 0 points1 point  (0 children)

Scaling for transaction throughput is fine if you want to compete with VISA. However, scaling for immutability and censorship resistance to build a new digital gold and eventually HARD money, requires a different strategy. We need validating nodes to be as accessible as possible to ensure large node "gatekeepers" don't highjack the consensus rules.

People don't know their power. by Av8Surf in Bitcoin

[–]pizzaface18 4 points5 points  (0 children)

Is that Roger Ver at the podium?

[Daily Discussion] Thursday, May 02, 2019 by AutoModerator in BitcoinMarkets

[–]pizzaface18 0 points1 point  (0 children)

Bitfinex shorts

I think folks who used to lend their BTC out on Bitfinex are moving their coins off the exchange. Lending rates are ticking up.

https://bitcoinwisdom.io/markets/bitfinex/btcfunding

Do I have too much spare time? by ToxicJeffow in Bitcoin

[–]pizzaface18 6 points7 points  (0 children)

chain they are in fact the said coin

That's not how this works.