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TheIce
replied 2087d
Slow? Slow? Try sending your btc for the same fees you're paying for these chats and you'll be introduced to a whole new dimension of slow
replied 2087d
Bitcoin is fast when not used by spammers posting their cat gif links on the blockchain every few seconds.
Barricade
replied 2087d
Bitcoin is permissionless. Who are you to tell us what can we do with it?
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You can waste your money if you want. Doesn't mean it was ever a good idea. Satoshi never made BTC for small payments, which is why he knew sidechains were needed.
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Satoshi envisioned online, permissionless micropayments from the very first release. :)
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And then later he realized the need for sidechains to scale. Dumbass.
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Where did he say that?
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Once [Bitcoin] gets bootstrapped[...]you could effortlessly pay a few cents to a website as easily as dropping coins in a vending machine.

- Satoshi (RE: Bitcoin V0.1 Released)
Simon Van Gelder
replied 2086d
Still waiting for HTTP Error Code 402 (Payment Required) to enter general usage.
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Difference between HTTP 402 and Bitcoin is that Bitcoin actually made progress in that area ;)
Simon Van Gelder
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I would image the majority of these types of payments will be of the the mico-type. If a single chain is to become the default, it will need to be able to handle these transactions.
Simon Van Gelder
replied 2086d
Again, a fundamental misunderstanding: this time of my point. 402 says "use something to pay us", crypto is only one way to pay.
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402 is then obviously obsolete, since it has gained no traction, and crypto has.

I don't really understand where HTTP 402 comes into play when regarding crypto micropayments.
Simon Van Gelder
replied 2086d
They are complimentary technologies, not in competition.
Simon Van Gelder
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402 Errors are returned by a website when you need to make a payment for access. Access could be a snail-mailed OAuth token, but crypto now makes this feasible.That's why I'm waiting.
replied 2086d
Ahhh. 402 initiates payment, then crypto is used for that payment. Yeah, I see your point now. I guess BIP70 supercedes the HTTP402 in this case
Simon Van Gelder
replied 2086d
402s been around for a long time, but "Reserved for future use": Already part of the HTTP protocol, and would just take BIP70 on top as a data format. BIP70 is new to me, will read up.
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I don't dispute that. Personally I will use what works reliably and securely, whichever becomes commonplace is fine by me, so long as crypto is the underlying asset used for payments
Simon Van Gelder
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Here's an example implementation combining the two (not mine, not tested): https://github.com/bumi/api-payments-example/blob/master/README.md
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[Bitcoin] could get started in a narrow niche like reward points, donation tokens, currency for a game or micropayments for adult sites.

- Satoshi Nakamoto (RE: Bitcoin V0.1 Released)
Barricade
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I know how the narrative follows: Bitcoin isn't designed for people who earn less than $2/day. BTW, memo posts are small payments.
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Bitcoin isn't for people who earn less than $2/day. Lightning Network, is. Maybe a Memo can be made with lightning. Who knows?
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>BTC isn't for people who earn less than $2/day

Fixed that for you.

Bitcoin is for everybody :)
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I can prove to you that Bitcoin is for everybody: https://imgur.com/a/1NGtpoG

That's you, my friend! :D
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LN isn't even ready for the average consumer making $100/day because the UX expectation is high but the delivery is less than satisfactory. Too much risk even for small txs.
TheIce
replied 2087d
I imagine that enforcing an unnecessary 1mb block limit would slow down a blockchain a LOT more than the occasional kitty cat. Have fun not being able to spend your "store of value"
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Slows down the blockchain, but at least it lasts. Sidechains are for small payments. End of story.
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>but at least it lasts

how does a 1MB limit on block size make a blockchain "last"? What exactly is the BTC chain enduring that a 1MB block size allows it to persevere?
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BCH is fast regardless because there's enough block space to fit all the "spammy cat gif links" + all of the txs people do currently + millions more :)

I'd like to see a tx w/ cat gif
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Bitcoin is fast when barely anybody is using it. But doesn't change the fact that even in slow times it's still more than 10x more expensive. You are clearly an idiot.
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Uh, you can still get 1 sat/byte tx's through on BTC.
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Prove it to me. Where's the BTC social media platform? LMAO Oh yeah it's Reddit. LMAO. You can lie, but you are just lying to yourself.
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I've already explained it to you. Social platforms shouldn't exist on blockchain. This bloat and spam will only make BCash die faster.
replied 2087d
That is your opinion, but so far 2775 think differently. And you are obviously here posting and helping with BCH transactions. So thanks.