theWatcher37

Joined 10 years ago

Karma
537
Submissions
173
Member since
Apr 24
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Recent submissions

Comment · 9 years ago
Incorrect. The fact is the network lacked the capacity to handle the requested number of transactions, and in turn auctioned off the tickets to the lifeboat to whoever paid the most.

You’re arguing “nobody died in the titanic that didn’t pay enough”, when the problem is clearly there aren’t enough lifeboats.

Comment · 9 years ago
This is certifiable.
Comment · 9 years ago
This defeats the entire purpose of bitcoin. The goal is a decentralized currency that isn’t controlled by shady political interests, and can reasonably replace normal currency.

Why would you want Bank 2.0?

Comment · 9 years ago
The entire purpose is to replace fiat. It’s objectively a failure if you can’t buy coffee with it.
Comment · 9 years ago
This is by design. If you break bitcoin, such that it’s only usable by large financial institutions, you completely remove the decentralized nature that made it attractive in the first place.

Congratulations guys, you made the banks SWIFT 2.0. I’m sure they appreciate it very much.

Comment · 9 years ago
The lighting network completely undermines the entire purpose of bitcoin, and blockstreams seeming desire to sabotage bitcoin for daily use coincides suspiciously with their outside “investment”.

If you read the original bitcoin white paper it is clearly evident that the purpose of bitcoin was as a currency. These insane fees, wait times, and rediculous technical decisions by core have made it such that bitcoin is becoming “bank coin” aka only used for settling between large groups and useless for individuals (unless you’re a speculator).

This has to change

Comment · 9 years ago
Isn’t listening to someone exclusively because of the gender, and not the quality of their idea, exactly what we’re trying to get away from?

“Don’t discount someone just because they’re a woman” is very different from “believe them because they are a woman”.

Comment · 9 years ago
OP seems to dance around saying the idea that punishing people is wrong.

OP is wrong.

We want cultural and financial incentives not to do wrong. We also want raw primal fear, if you do this evil shit they’re gonna get you and lock you away forever type fear... if you do this stuff.

Comment · 9 years ago
Say what you want, but the buck ultimately stops at the feet of the Chinese people who allow this gross injustice.
Comment · 9 years ago
Exactly! So glad to see the HighDPI fans gaining acceptance. 110PPI looks like garbage and needs to be relegated to the dust bin.
Comment · 9 years ago
All it took was waiting over an hour with a large fee to make me realize there’s a huge problem in the bitcoin community.

The block size is fundamentally too small to support the current volume of transactions in a meaningful way, and the weak (and suspicious!) arguments in favor of letting bitcoin’s transaction time spiral into hell don’t hold water.

Comment · 9 years ago
Yeah. Mass conformance is never suspicious.
Comment · 9 years ago
I’m so glad that backwards thinking concepts like this are dominant, otherwise we might actually have secure software!

Think about it, an open-source OS is choosing backwards compatibility over security. This would have caused quite the stir in the 90’s Linux community.

Comment · 9 years ago
Absolutely not.

If “do no harm” is a principle, then the kernel should ensure that no harm is taking place.

If flaws within the kernel allow harm to occur while otherwise normal transactions are occurring then it is absolutely preferable to panic and shut down over allowing that potential harm to occur.

To suggest otherwise, that detected errors that allow harm should be allowed, is pure insanity.

Linus is unquestionably wrong in the regaurd.

Comment · 9 years ago
I mean, i’m Extremely hostile towards “old media” and my opinion towards google is highly negative.

If anything, there is probably a strong correlation between liking google and trusting old media.

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