Sick gamble brah

why would he bet with u when he could buy more bitcoins instead

Beating TS in a propbet would hold loads of priceless value

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

In b4 you can buy into WSOP events with Bitcoin.

This would be fantastic

And piratical for everyone both businesses and players. Lower fees and no need to wait on wire transfers. Don't have to carry cash which can be lost if you're a player. ect.

Does ethereum solve any of the scaling problems btc faces? I remember Tom Collins basically calling eth a **** coin and I always respected his opinion.

What do you guys think? Is eth actually a threat?

Bitcoin can today handle ~4TPS. Ethereum does 2TPS without issues(<1cent fees) today. In stress tests Ethereum handled 25TPS. Since then there was a DDOS attack, which was countered by optimising the speed by a factor 10x. So some people speculate Ethereum could handle >250TPS today. There is also Raiden network which will soon be out which should be able to handle MTPS:
http://raiden.network
https://www.youtube.com/watch?v=t6-rf68taTs

Long term solution to INF TPS is sharding but that is likely after Casper which should also improve performance a bit.

Does anyone more informed have an idea of how likely this chain split on august 1st is? From everything I read, it seems like it'd be chaos and the value of BTC would really drop.

https://bitbet.us/bet/1382/bitcoins-...ation-in-2017/

Intestering, thx. I guess the BTC market is cool with a real possibility of 2 BTC chains. Seems like a really bad thing to me.

It happened to Ethereum, which has been doing ok since. Imo fork it, so everyone can be happy. Fwiw I think this conversation is worth a thought or two:




Fwiw I agree with Vitalik here.

That Vlad Zamfir guy has seemed to have a few off the wall ideas. He also seems to be a bit temperamental.

How exactly can miners block it with the Ice Age? I mean, that was the whole purpose of putting it in there.

I do agree the miners are getting too much money though. No point in over securing the network. They need to absolutely drop rewards when they delay the Ice age. I know vlad is for that.

I don't get why Vitalik thinks dropping rewards is a bad thing. Hell the miners can make the same amount of money with the same hash power, just the price of ETH will be 3 times what it is now if you chop the rewards down.

Vlad is def sharp

Also, if miner rewards are dropped, miners move to ETC/ZEC, overall network security gets seriously compromised. I feel like this is what happens when price jumps too fast and doesn't allow hash rate to catch up.

BTC with a bit of a run up to close out the (US) day here so that's nice.

My personal opinion is that ETH is overhyped and pretty much fked when it comes to scalability.

Here are some good reads:
https://mediumcom/@yobanjo/ethereum-...d-cae445bef539

https://medium.com/@yobanjo/how-ethe...m-e973d8e1c465

I think concerns about the scalability of Ethereum, as for Bitcoin, are well warranted and should occupy a big part of the discussion about the future of blockchain tech as a solution to problems. But linking randobanjo's misspelled ramblings from some illegitimate source doesn't propel the discussion at all.

Decentralization and scalability are inherently at odds, so an elegant solution for both problems may not exist. Instead, a solution to processing load (sharding) may have to be coupled with disencentives for collusion (Casper.) Off-chain solutions will also have to be part of the future.

I don't think it's fair to say that Ethereum is f'd due to scalability problems, though, because all blockchains are equally challenged by the issue. A world-wide immutable distributed ledger of activity will take up space- and the more space it takes up, the smaller the number of people who will be capable of storing it on their machine. This is the nature of a blockchain. Ethereum's roadmap toward mitigating this conflict includes transitioning to proof of stake, implementing Casper with sharding, and exploring off-chain solutions. It's a reasonable plan and Bitcoin doesn't yet have a better one.

Like I said in the Bitcoin thread:
I am not losing sleep over Ethereum scaling issues. Oh wait I actually am, but in a good way! =)

Agree to disagree, I guess. We'll just have to see what happens.

Quick question regarding Trezor: I just installed/uploaded my BTC to Trezor and sent off a largeish amount of 12k. The fee was unusually high ($4.45). Does this have anything to do with Trezor? All my transactions from blockchain lately have been ~$1.20 just trying to figure out if the high fee was for the higher amount of BTC I sent or another reason

it probably was higher bytes than your other transactions

Thank you for the response. Is it as simple as 'larger transaction amount = more bytes?'

Oh sweet summer child

Google bitcoin scaling debate if you want to know why we have skyrocketing fees. Fwiw trezor seems good at calculating fees. I have yet to wait longer than 5 minutes lately when setting fee to high.

Do I sense TC softening up to mEth?

Doomsday is upon us