Frogolocalypse

Clearly there are feathers. Is it finally settled then? Land-based dinosaurs probably all, or at least most, had feathers?

> This will only change when reuse is equally convenient. If I knew how to accomplish that, I wouldn't be pontificating here, but running my own business doing just that.

Pretty straight-forward really. Increase the cost of once-off convenience. If it costs more to do it the dirty way, people will do it the clean way. But in america, they'll just vote in people that will dig a bigger hole. Probably in what used to be park-land.

By aggregating commits to the blockchain, and doing them in batches.

> You trust the hashpower in the aggregate

Are you explaining your definition of a trust requirement in a trustless protocol?

> by definition bitcoin is not secure.

It is not secure if you use your understanding of how bitcoin works. Which, as we've demonstrated with the four failed fork attempts, is not rooted in reality.

Please learn how bitcoin works, by learning what a node does, and how nodes police and enforce consensus.

but but but I thought you said nodes didn't matter? I thought you said miners make all of the decisions, which 97% were signalling 2x at one point, so couldn't they just adopt whatever consensus rules they want?

Or, perhaps, you don't actually know how bitcoin works, and therefore you can't explain how miner 'support' disappeared, as soon as it came time to decide whether they wanted to be bitcoin miners, or become alt-coin miners? You know, given that the nodes police and enforce consensus in bitcoin 'n all. Miners had a choice. Do what you're told, and mine according to node consensus rules, or don't get paid in bitcoin. So they did what they were told.

And here you are, with you still trying to fight a battle you've already lost. Four times. Losing exactly the same way every time. Because even after all of those losses, you still can't figure out why you always lose. Because even after all of those failures, you still don't understand why you lost, because you still don't understand how bitcoin works.

but but but I thought you said nodes didn't matter? I thought you said miners make all of the decisions, which 97% were signalling 2x at one point, so couldn't they just adopt whatever consensus rules they want?

Or, perhaps, you don't actually know how bitcoin works, and therefore you can't explain how miner 'support' disappeared, as soon as it came time to decide whether they wanted to be bitcoin miners, or become alt-coin miners? You know, given that the nodes police and enforce consensus in bitcoin 'n all. Miners had a choice. Do what you're told, and mine according to node consensus rules, or don't get paid in bitcoin. So they did what they were told.

And here you are, with you still trying to fight a battle you've already lost. Four times. Losing exactly the same way every time. Because even after all of those losses, you still can't figure out why you always lose. Because even after all of those failures, you still don't understand why you lost, because you still don't understand how bitcoin works.

And yet here we are seeing off four hostile fork attempts in a couple of years (xt/classic/bu/2x). You'd think after four failures in a row, all failing for exactly the same reason, that the people supporting the failures might learn why they fail. But here we are. Explaining why they fail, after they fail, and yet the supporters of the failures are trying to assert that even though they fail, they understand the system. Without even acknowledging that they have failed, let alone why.

And yet here we are seeing off four hostile fork attempts in a couple of years (xt/classic/bu/2x). You'd think after four failures in a row, all failing for exactly the same reason, that the people supporting the failures might learn why they fail. But here we are. Explaining why they fail, after they fail, and yet the supporters of the failures are trying to assert that even though they fail, they understand the system. Without even acknowledging that they have failed, let alone why.

A couple of years of failed fork attempts have a different opinion to your understanding.

You really should learn how bitcoin works. It will lead to a lot less frustration on your part when reality delivers a different outcome to your understanding.

You have had a one year long lesson in your misunderstanding of how bitcoin works. And yet you are here trying to explain how the fork attempts didn't turn out exactly as i say.

You have had a one year long lesson in your misunderstanding of how bitcoin works. And yet you are here trying to explain how the fork attempts didn't turn out exactly as i say.

If you want an alt coin with more capacity than bcash, more decentralised, and faster, use litecoin. It even has atomic swaps with bitcoin.

Look at the price. Going bananas.

Bingo. Love the theory. It should work. Let's see.

You should probably at some point recognize that everyone doesn't live in America

Transaction costs are already a significant portion of mining income. I suspect even by the time of the next halving they will already be a greater proportion of miner income than block rewards.

Lightning transactions will change all of this. By the time we are talking about large lightning transaction commits, we'll be talking about 3rd layer solutions. Bitcoin could be at a reserve currency level, where individual transactions are significant.

Don't. No one is forcing you to buy bitcoin. If you don't recognise its value proposition, don't invest in it.

These are all important considerations that any investor in bitcoin needs to consider.

Actually it is.

I expect bitcoin to stabilize at an ever appreciating value in line with existing inflation. And not government CPI, with their hedonic quality adjustments either, actual inflation. But I don't see getting to that point for a long long time.

Oops. I did it on my phone. Sometimes that happens. Thanks.

That is the effect of our current financial system, where the use of debt to bid up the price of fixed assets has been labeled 'commerce' and 'investment'. The only effect of which has been the punishment of savers.

Bitcoin is that systems reckoning.

There's an argument that Satoshi is Nick Szabo, the person who invented the term 'smart contract'.

https://en.wikipedia.org/wiki/Smart_contract

> The phrase "smart contracts" was coined by Nick Szabo in 1996, and reworked over several years. Szabo's first publication, "Smart Contracts: Building Blocks for Digital Free Markets" was published in Extropy #16,[3] and then later reworked as "Formalizing and Securing Relationships on Public Networks."[4]

Ergo : Don't trust banks.

But.... beer is delicious. In fact, I kind of feel like one right now.

> Think of a world in which you cannot collect taxes

That's the problem. That's exactly what is already happening. The rich already don't pay tax, and neither do the corporations they control. The only thing that is being changed is that the oversight of the masses is now being removed, because banks can no longer be trusted to look after the interests of their clients over the interests of the state.

I suspect the only viable taxes in future will be consumption taxes, property taxes, and estate taxes. If ya wanna eat, ya pay tax. If ya wanna buy something, ya pay tax. If ya wanna live somewhere, ya pay tax. If ya die, your assets are divided, the state collects its portion, and then everyone goes on their merry way again. It's no surprise that these are resisted, because they are the only taxes that are effective against wealthy people.

House prices look like they're continuing their 30-year boom in my area. Oh that's right, they took them out of inflation statistics in 1983.

How's education costing these days, anyway? Healthcare?

> I'm not clear on how a btc debit works but that seems foolish.

Not sure there's any response possible for that one. "I don't know how it works, but I think it's dumb."

> Now the transaction fees are exorbitant.

Every standard sized bitcoin transaction bar the past three days (and those will too), that people paid over 5c for has been committed to the blockchain.

But I like beer. So that's why I buy them.