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submitted by /u/theloiteringlinguist [link] [comments] |
Sunday, 6 June 2021
Max Keiser is the worst bitcoin advocate and brings more damage to this ecosystem than billionaire tweets
Unbelievable to watch, this guy has lost it... Seems like the bitconnect event with wassup wassup, and fuck elon chants.
The entire ecosystem and community should be ashamed of this lunatic. Cringe moment that sets bitcoin back to 2011.
To quote the last tweet: "if we crash to 10k, we deserve it..."
https://twitter.com/stacyherbert/status/1400999685062529025
https://twitter.com/titodurriz/status/1400997001861296129
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Ponzi and pyramid schemes are illegal in many countries and just because a pyramid scheme is transparent does not suddenly make it legal. Satoshi's Pyramid and the posts about it on /r/btc can be used as ammunition to get Reddit to ban /r/btc
So I would like to ask the mods here to delete any posts about it that are focused towards promoting it. (so not the ones talking about it, only the one that make it seem like /r/btc endorses pyramid schemes and allows promotion of them.)
I can't understand how anybody could possibly think this could be good for BCH or the community.
Also what is most likely is going to happen is that the amount of BCH in Satoshi Piramyd their cold wallet is going to grow till the point that it corrupts the cold wallet key holder, who will promptly steal all the BCH. This then will also be used on social media and other subreddits as ammunition against the Bitcoin Cash community.
So again I asked our mods to do something about this, to protect the sub and our community.
And for the future, any shortcut short term gain of increasing adoption leads to long term pain.
There is only way to increase adoption, people need to see a direct financial benefit in to using on chain transactions over all other options. Never in my live have I made a BCH tx if not for a reason behind it. I post on memo.cash cause I am annoyed that when I use a word Twitter their AI does not like they suspend my account for 3 days. I use BCH put in to escrow to hire people from Venezuela cause it's low friction and I am in full control. I use BCH to send money to Europe cause it's faster and cheaper then a wire transfer if you know how to instantly sell it for Euro's on the other end. (there is some risk but it's relatively low). Etc etc.
Pirate Rick said that the only thing we got is "profit mode".
It's a waste of time, effort and money to try and cheat reality. We want to make BCH a success, we are going to have to work our asses of and keep pushing our brains till they come of with ideas that fall 100% within "profit mode"
Short term gain is long term pain, a moment WILL come in the future where every chain that does not have utility or not enough will die. That day I will be doing the same thing I am doing everyday: slow and steady working towards more BCH adoption as money. Anything else is a distraction and just buys the powers that be more time to figure out how to deal with this threat. Just like none of us have figured out how to get the network a 100 million daily users, they have not yet figured out how to deal with the potential threat of us getting a network with a 100 million daily users. And as long as they don't figure that out, we got time. And when we figure it out, they are out of time.
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source https://www.reddit.com/r/btc/comments/nt3orb/ponzi_and_pyramid_schemes_are_illegal_in_many/
Sync time solutions?
One thing I worry about with on chain scaling is sync time.
A typical CPU can handle 3000 transactions per second. That doesn't mean though that you should process that amount, because then syncing on that same CPU would be near impossible.
Even with utxo commitments, for example, every six months, it would still mean a 3 month sync time if you ran the network at half capacity of the minimum capable system, which is far too long, no?
Any solutions to this situation? Bitcoin Cash community seems very creative, so I imagine there must be some techniques to improve sync time
[link] [comments]
source https://www.reddit.com/r/btc/comments/nt4fl3/sync_time_solutions/
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