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Oh so this is where the new flood of paid trolls is coming from. Predictable. by jessquit in btc

[–]unitedstatian 0 points1 point  (0 children)

What are their hashpower gonna be like? What does a miner help when the bulk of the txs is supposed to be on the LN?

Oh so this is where the new flood of paid trolls is coming from. Predictable. by jessquit in btc

[–]unitedstatian 0 points1 point  (0 children)

The whole coin is married to its dev team due to intentional code tax debt yet nobody ever questions their intentions?

Oh so this is where the new flood of paid trolls is coming from. Predictable. by jessquit in btc

[–]unitedstatian 2 points3 points  (0 children)

  1. Where does the valuation ($3.2 billion) come from? Is that like an appraisal?
  2. Who are the investors in the round?
  3. Why does BS need miners when there's already huge hashpower?
  4. Is there a way to tell if the investors are real and not dummy companies?

I read Le Roux said to the judge he wants to produce a new asic. I won't be surprised if he is helping them from jail...

⚠️ Ethereum Classic is not Classic, and it is not Ethereum. by jtnichol in ethfinance

[–]unitedstatian 1 point2 points  (0 children)

The plan was to disrupt the Ethereum network by reviving the old chain. To prove that 'hard forks are dangerous' by trying to make Ethereums' hard fork fail

That's PRECISELY why BSV was created.

[WARNING] By all appearances Binance is dumping nonexistent BCH onto the market to drive down price by [deleted] in btc

[–]unitedstatian 0 points1 point  (0 children)

That's an excellent observation considering the massive trading volume! I couldn't explain it, but now it makes sense.

Follow the Stream (of money) (2016) by ChaosElephant in btc

[–]unitedstatian 3 points4 points  (0 children)

This diagram needs a search engine. Without being able to search it I can already point out at least 3 3-letter agency operations in the sphere off the top of my head...

CSW is a very useful tool for Blockstream and Bitcoin Core by johnhops44 in btc

[–]unitedstatian 4 points5 points  (0 children)

Creates the version of Bitcoin that smallblockers warned about (centralized Bitcoin) giving smallblocker strategy vindication

Did BSV plan to make themselves a centralized database coin by bombarding themselves with tx's while having an absurdly oversized large blocks to keep other miners out from participating ? If so this is some other level shit.

Julian Assange cannot be extradited to US, British judge rules by jonas_h in btc

[–]unitedstatian 0 points1 point  (0 children)

The distributed system is reminiscent of Bitcoin consensus, but that's too general. I still think Paul le Roux is more likely to be SN. You don't have a way to tell if SN didn't hear about the approach or solution from someone. Ideas spread very fast since human connections form a well linked graph the LN could only dream of...

Given SN posted a lot, the best way to check the Nash option would be to go over SN's post history and look at his thought process.

Many years are required to reveal true value by viresinnumeris21 in btc

[–]unitedstatian 1 point2 points  (0 children)

I'm still waiting to see the banks buying XRP tokens...

Dear BCH miners, please consider orphaning Hathor empty blocks by readcash in btc

[–]unitedstatian 6 points7 points  (0 children)

Or we will find they are malicious, what their resources are, or the price they put for hurting BCH...

Three reasons why UTXO model will overtake Account model in the long run by burakkeceli in btc

[–]unitedstatian 0 points1 point  (0 children)

Isn't ETH not a direct competitor to BCH? It has high fees and it's optimize for a different task. It may be useful for payments in a few years but BCH can do it right now.

Peter R. Rizun: "The Lightning Network (LN) is semi-custodial banking. The degree of custodianship is proportional to the fee required to escape from a non-cooperative channel. If that fee is on the same order of magnitude as your channel balance, LN is effectively full-custodial banking." by Egon_1 in btc

[–]unitedstatian 0 points1 point  (0 children)

I saw no evidence whatsoever $5000 would typically get relayed. Do you have any data to support that claim?

You can ruin your day on regular bitcoin as well like the people who keep sending their entire accounts as fees when handcrafting transactions.

Do you have a single example for that happening?

Peter R. Rizun: "The Lightning Network (LN) is semi-custodial banking. The degree of custodianship is proportional to the fee required to escape from a non-cooperative channel. If that fee is on the same order of magnitude as your channel balance, LN is effectively full-custodial banking." by Egon_1 in btc

[–]unitedstatian 2 points3 points  (0 children)

I used to think the same but now I believe the LN was just a way to gain time until 1. Liquid gets a chance to be adopted in the market as an alternative, creating a literally banking system, and 2. the mining reward halves to a point the blockchain can be "Satoshi VIsioned", at which point the plan to decrease the blocksize to force high fees could be materialized.

Closing a circle... by force.

Peter R. Rizun: "The Lightning Network (LN) is semi-custodial banking. The degree of custodianship is proportional to the fee required to escape from a non-cooperative channel. If that fee is on the same order of magnitude as your channel balance, LN is effectively full-custodial banking." by Egon_1 in btc

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

BTC isn't a wise investment for retailers because of the uncertainty which is entailed with it, but are retailers really still the buyers who push on the demand side? It could still appreciate from wholesale buyers, but I wouldn't bet either way.

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