LuboKKanev

Joined Jul 04, 2018

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Mute
qrjuajjkgm03yshp8l9c7m5qe0nlt9qvz54jry37ej  

Legacy Address: 1Mx7TyeEjPxqnRtDiNFfVWCEKcT7pSx67W
simpleledger:qrjuajjkgm03yshp8l9c7m5qe0nlt9qvz5efgly78v
Actions 654
Following 17
Followers 27
Topics following 7
Muted 5
Is Muted By 0

1d
replied 23h
Telegram asks for a phone number. A NoGo for many.
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7825d792ae1
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XtraBoss
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homopit
The current version of bitcoin.com Wallet supports SLP tokens
BTCisDEAD
9d · TxStreet.com
Absolutely excellent, thanks for this.
replied 7d
Tom
If possible: Make the size of the queue somewhat relative to the size of the buses, so that you have an idea of how mant busses are neede to empty the queue.
replied 9d
Tom
Love it! I think the tutorial for new users will be extremely helpful, a few people who I've showed txstreet didn't understand what they were looking at initially. Great work!
13d
The CSW/Kleiman trial is starting to resemble Brexit; Craig Wright has been given a deadline of February 11th to produce the required documentation. The judge should, I believe, render a verdict shortly aftet
replied 13d
What would victory mean though?
sent 1 🍺 to
19usRA3pfxsvezKF
15d
sent 66,931 HONK to
19usRA3pfxsvezKF
15d
sent 300 SOUR to
19usRA3pfxsvezKF
15d
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cigarettes now).
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salary on cigarettes but on vacations doesn't mean that cigarette companies pay your vacations (no matter that the cigarette industry might shrink a tiny bit because you buy less
replied 15d
payments, and all the BCH users get degraded security.
* Not spending them on security doesn't mean it's miners that pay for our development. The same way that not spending your
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minting new coins, thus devaluating all the existing coins.
* Spending them on development means less money for hashing, meaning that miners will do less work for the lowered
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situation, may be a better use of them.

So, what I'd like to argue is that the money for the fund will come from the BCH holders and no one else:

* The money still comes from
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go for development. So, the coins that are minted every block remain the same, but some amount of them don't go for security anymore. It goes for development, which, in the current
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devaluation of their coins, because it's been there since the Bitcoin start.

---

Now, about the dev fund proposal.

The proposal is that a percent of the block reward is shifted to
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security, we pay with newly minted coins. This coin minting increases the supply and thus devalues the previously existing coins a bit. **Holders of BCH** know about this coming
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network to be popular enough that it can get enough revenue from transacting users. Thus, the minting schedule.

So, let's recap. Until we have enough transaction fees to pay for
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money, so to be willing to spend the electricity, you will want to be paid. The end-game is security being paid off by transaction fees. For this to be applicable though, we need the
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* of the chain. Bootstraping security is needed, because security is achieved by mining - computers spending electricity to do work and make the chain hard to reorg. Electricity costs
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not be even though - it started from 50 coins per block and halves every 4 years.

This, according to Satoshi, is done to fairly distribute the coins and **to bootstrap the security*