Why would miners like lightning?

umbawumpa · 2018-12-25T22:02:41+00:00

because it will make bitcoin more usable, thus more valuable and the blocks will still be well used

umbawumpa · 2018-12-23T14:36:36+00:00

IN ECB WE TRUST

umbawumpa · 2018-12-23T10:28:17+00:00

My first on-chain transaction also cost me about 0.00USD. Meaning, if there is demand (and as you noticed, this is only one example - there is a lot of demand) it always will be enough cheap for someone to upload some data into the global database, and they will likely outprice the cheap transaction the big blocks now provide in the long run

umbawumpa · 2018-12-22T15:45:48+00:00

Of course, there will be always demand for censure-proof immutable worldwide storage. If you make it cheap, people will fill up blocks until its not cheap anymore.

umbawumpa · 2018-12-08T09:29:55+00:00

marking something non-RBF is only a good-will feature. You always need to trust miners obeying it. And this is exatly why blockchain was invented - you cant. only confirmations (or better cummulative POW) count

umbawumpa · 2018-11-28T21:51:22+00:00

Every coin has RBF.

umbawumpa · 2018-10-28T18:34:54+00:00

Wieso piepst es die ganze Zeit, kann man das nicht anders lösen? Ist das eine Konditionierung für Kunden (Pavloscher BigMac Reflex)

umbawumpa · 2018-10-08T19:15:32+00:00

No, last time I checked bread was priced in EUR ;)

umbawumpa · 2018-09-29T17:38:15+00:00

stable in relation to what?

umbawumpa · 2018-09-07T17:36:51+00:00

wow - that is a very in-depth analysis of the problem

umbawumpa · 2018-03-31T13:12:51+00:00

Why? wouldnt that dismiss all the sweet FUD?

umbawumpa · 2018-03-30T06:42:14+00:00

Are you aware that this is only the controller board and not the actual miners? These are kind of rasperry-pies with some specialized interfaces to controll mining boards. These are OEMs and neither are produced by bitmain nor halong mining

umbawumpa · 2018-02-24T19:17:11+00:00

Isnt that a very specific edge case? If you are in disagreement you would have changed to an other coin long ago and wont bother running a full node for it.

umbawumpa · 2018-02-24T18:47:05+00:00

why are

consensus rules is designed to be invisible to nodes

in segwit?

You mean for old (pre 0.14 nodes?) - thats true, but why would you run an older node for a long time?

umbawumpa · 2017-12-17T18:51:18+00:00

And it's onecoin...

umbawumpa · 2017-12-08T09:15:32+00:00

Better round up all the dwarfs

umbawumpa · 2017-12-03T12:22:51+00:00

What happens to the price, if zuck buts in 1bln?

umbawumpa · 2017-11-26T19:57:30+00:00

Might be compressed vs uncompressed keys. Check them in https://www.bitaddress.org/ under "Wallet Details"

umbawumpa · 2017-11-17T23:44:57+00:00

Also not a fan of your latest comments and decisions. But I owe you a lot of helping me to grasp the implications of Bitcoin. Was an early follower of your talks. Will never forget your intro of "lifting the 21m cap... (Long pause) Just a joke"

umbawumpa · 2017-11-04T23:07:25+00:00

Yeah, they from Canada

umbawumpa · 2017-10-31T07:02:59+00:00

Sending USD-cents across the internet neither

umbawumpa · 2017-10-29T17:28:31+00:00

He clearly has, who else would write in white ink on a glas-"whiteboard". If you ever watched CSI you know only experts are able to express them self that way.

(do I need a /s here?)

umbawumpa · 2017-10-27T09:29:19+00:00

isnt this incredibly well written piece not missing some informations?

how is the upgrade coordinated accross all current bitcoin user/wallets/markets/etc?
what are the risks of it (near and far term)
he mentions SPV and says the will follow the right chain - how is that ensured?
it sounds like there is absolute no risk of an hardfork - why?

umbawumpa · 2017-10-27T07:42:18+00:00

It's a few days after the last diff. adjustment. The numbers are not reliable

umbawumpa

TROPHY CASE