I like it when you say none of your credit cards were involved because you aren't sure if the pizzas were actually bought with a credit card by a guy who is trying to promote the lightning network.

any news on mt gox coins? weren't they supposed to be released in mid feb? or was that the earliest they would be released?

$11.40 for 2 pizzas? Were they from little caesars?

Ok I went ahead and used the new Bitcoin Lightning Network app to buy an Amazon gift card at a 10% discount from https://bitcart.io. I got it and bought something from Amazon already. If interested, review the last ten posts to learn about using the Lightning Network. Also, If you want try getting a card from them, you need either the Whatsapp or the Telegram app to get the code. The LN is in its infancy but it is working.

In before who cares herp derp Amazon didn't actually accept the bitcoin directly

If it isn’t amazon offering the 10% discount whonis it? And why are they doing it?

Amazon sells giftcards at a discount because enough people buy them without using them. The person selling them bought them in bulk and is passing on the discount.

Still tied up because lol CoinLab

Listen to 6 part mt gox series on What Bitcoin Did podcast

Sick beat. You wound up with pizza from Domino's.

https://i.imgur.com/IgVeDVE.jpg

$0.40 off per gallon in San diego

that is a big discount...

no ****, i know where i'm getting gas when i go to up the states

Bitcoin blowing up

40 cents off is great, but if he rips people off on the exchange rate it doesn't matter.

They aren't accepting BTC outright, they're using Rowanpay. I think you can check the exchange rates out there.

#deleteCoinbase people...
Long overdue

One of the better known bitcoin lambo HODL Australians didn't actually make his money in crypto. He did it the old fashioned drug dealing way.

https://www.smh.com.au/national/vict...10-p5134n.html

Noob question, but if Lightning ever gets beyond the seemingly perpetual '18 months away' stage, doesn't this effectively destroy the base layer BTC network? Doesn't transferring transactions to a cheaper, faster second layer simply decimate BTC miners transaction fee revenue in addition to the upcoming block reward halving? Essentially negating any incentive for companies to mine BTC? Some prominent devs are apparently lobbying to DECREASE the block size limit to 300KB to add insult to injury. I don't think increasing base layer transaction fees is a feasible solution, if anything the cheaper, faster Lightning network simply increases demand elasticity for base layer BTC transactions.

In the long term the block reward reduces to zero. What then? The overwhelming answer seems to be "dunno mate, we'll cross that bridge when we come to it."

Oddly finding myself agreeing with Toothsayer (if you stair into the abyss long enough...). BSV actually seems like a more fundamentally viable project / economic model for miners. They claim to have already mined 300 gigabyte blocks on their test net (potentially facilitating 300,000 times more transaction fees per block than BTC). Ceteris paribus, which model would you rather invest in as a miner? At the end of the day it's all about hash power, and BTC devs seem to be doing everything in their power to dis-incentivise miners from powering and securing their network.

Nchain (BSV) have patent trolled the sh*t out of on-chain scaling and perhaps more importantly, they've freed themselves of the burden of Roger Ver. The low IQ firework merchant who went all-in on Bitcoin early on probably after reading about it on some obscure anarcho-capitalist forum. (the Darvin Moon of crypto) His creepy demeanour, speech impedement, dishonest debating style, insufferable lack of social acumen, and insane, cringe-worthy political opinions were always going to drive people away from Bcash. Had someone like Gavin Andresen been the face of BCH history might have been rather different.

Nice try BSV shill

You mistake me Sir, shills actually get paid for pumping *****coins. It's actually my ambition to become a shill.



Still would like an answer as to how maintaining hashpower is economically feasible with a diminishing block reward mining subsidy concordant with stagnant or diminishing on-chain transaction throughput? It's not rocket science folks. This thread has some of the finest minds who ever lived contributing to it. Surely between us we can solve this conundrum.

can you tell me how much miners are paid currently mining bsv compared to mining BTC ?
What is the rational that big block with super small fees pay more than small blocks with much bigger fees ?
You understand that lightning network still require to settle on the base layer that will generate some fees for miners ?

Forgive me American school system educated chum for my use of rudimentary latin, for it has befuddled you. Henceforth I will eschew such high falutin language.

Are you really asking how a big block facilitating potentially hundreds of millions of transactions can generate more profit for miners than a micro block facilitating only 3 thousand, and still remain cheaper? Do I really need to explain this? Furthermore, increasing the op_return limit facilitates the potential for more expensive transactions (large data files, or 'spam' as Blockstream calls it). This introduces a myriad of potential new use cases and business models for the network, as do cheap micro-transactions.

Blockstream dev Samson Mow stated on the record that the Bitcoin network isn't for anyone earning less than $2 a day. A ludicrous assertion on it's face.

The BSV philosophy is to bring as many users onto the network as possible in the spirit of Metcalfe's law.

But who cares about the original grand vision of one global blockchain, the internet of things. Never mind any of that nonsense, we got 'digital gold' here folks! An artificially capped, congested, expensive, exclusionary network with awful UXP and the absolute minimal capacity / op codes / use case. According to Blockstream and one Meg Greg, higher transaction fees and barriers to participation actually increase the value of the network.





Scraps don't cut it my friend. Block reward subsidies are decreasing exponentially. Who will invest the tens of millions of dollars in mining inventory required to power and secure the BTC network over the next 5 years in the face of perpetually decreasing returns? The economics don't make sense.

Ultimately it comes down to a clash of 2 visions, a small, capped, exclusive 'digital gold' network, or a big perpetually scaling global blockchain as envisioned in the white paper. The 'meta net'. Hitherto the only argument made for micro blocks is de-centralisation. A ludicrous assertion. The more lucrative the mining industry becomes, the more investors and competitors move into the space, in turn increasing the power and security of the network. Micro blocks are asinine. Let me tell you something Jack, no-one cares about a bunch of nerds who want to run a full node on their CPU as a vanity project. Ideological devs have held Bitcoin back for too long, it's time the interests of miners and users came first. You nerds can take your rasperry pies, turn them sideways, and shove them where the sun don't shine brother!



Big blocks are good, big blocks are right, big blocks work. Thinking big in all it's forms, for life, for money, for knowledge, for profit, has marked the upward surge of mankind. And thinking big, you mark my words, will not only save the mining industry, but this other malfunctioning project called Bitcoin. Thankyou ladies and gentlemen, and goodnight!

Miners are investing on a fairly short term, as most of their hardware will be junk within a couple of years so as a miner it doesnt matter what you invest in since you ll mine the same algorithm whether you mine BTC BCH or BSV, so for a miner you ll mine whatever is profitable, and right now BSV is profitable because undermined not because of some fee market, miners that are currently keeping BSV earning are going to bust really hard like bitmain is crashing after accumulating mostly BCH.

Samson Mow isn't a dev working for blockstream he is CTO, his point is that maybe if you earn 2$ a day your transaction arent worth storing forever on thousands of nodes and a better system should be designed for that purpose and that's where lightning makes more sense.

BSV is the new flatearth ?

Seems like it.

Fear_Itself is my troll account spirit animal. Amazing content. While being correct.

Bottom line, there has to be one global blockchain for all functions. The end. It's the most secure. The most reliable. It makes the economics of energy waste work too. It's so absolutely obvious and inevitable that it's one of those things where you wonder how you didn't realize it earlier.

It took Satoshi (Craig Wright's) genius mind to see it.