WhalePool bitcoin trading community hosts top bitcoin stakeholders to discuss the future of bitcoin. Should scaling occur on-chain, or through trustless payment channels? We talk to top businessmen, exchange operators, and miners to see what the top minds in cryptocurrency believe on this issue.
- Eric Lombrozo a core bitcoin developer warning of the dangers of hardfork
- Roger Ver from Bitcoin.com, an entrepreneur who has invested in many alternative cryptocurrencies and supports hardforking Bitcoin to create bigger block size limit
- Phil Potter from Bitfinex, operator of the top volume BTC/USD exchange
- Alex Petrov from bitfury.com, one of the top miners on the bitcoin network today.
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Hi very enjoyable and informative .. also as much as I want mass adoption for bitcoin I'm definitely on the side of slowly slowly catch the monkey and as tone vays says you don't get a farmer to d cide on the workings of a nuclear power plant ! Thnjs to ALL on the show . ✌️
so in summary Rogers feelings are hurt because Core didn't listen to him.....and he has never supported Core financially but thinks he is entitled. Everyone is being way too polite with him. He should rather argue on technical grounds and not his feelings. He never appears with anyone technical to back him up - why?
I presented this idea on a Bitcoin forum before the halving and, from my own limited understanding the only reason it is not a viable solution is that it would increase orphan blocks. Now, many months later, the problem is still here so I'll propose the idea again and to a different forum.
Suppose at every halving the reward time was also cut in half? That would effectively double the possible trading volume. Shorter reward times have the additional benefit of shortening transaction confirmation times so any potential increase in orphan blocks may (or may not) be offset by the improvement in transaction time.
If the change in reward time was presented as a softfork might, it be left as a permanent part of the protocol to enable an increase decision every four years for the whole life of the Bitcoin reward system (2140).
"That's like saying the Nash Equilibrium is bullshit because he was a
This is actually what I am accusing of each and every one of you in this
discussion of doing. But I don't think you will initially realize how
literally I am speaking. Nash already had this debate with himself over
the last 20 years in regard to the advent of an electronic currency with
a stably issued supply (even down to the asymptotically halving
inflation rate) with a series of lectures and writings under the title
You are only ignoring him because you think he (and me) is crazy.
And you spent 2 hours interviewing and wasting your time on a nefarious
NONE OF YOU even know what the problem is you are trying to solve, and
none of you understanding what you are talking about in regard to
I spend too much time defending and explaining this POV to insincere players. These people in this dialogue/video have a sincere interest and can understand the material and problem well enough. I ask colonel mayhem above, that you might join that thread and answer as well....what is the problem bitcoin is meant to solve? what is our goal with it?
Is a few meme's too much to read, that you might have a quick/summary understanding of the literature I am refering to in regard to John Nash's argument/thesis of Ideal Money?
All you did was cite a meme board. You stated that, "NONE OF YOU even know what the problem is you are trying to solve, and none of you understanding what you are talking about in regard to optimizing bitcoin."
WTF is your argument?
It it hard forks it'd be like stepping off the throne I know I'd liquidate for something else because I'd feel like btc had become useless if I have to question what's going on with my value that's why I use it to begin with... if I can't use it to transfer and store value reliably then I'll find another solution immediately and so would other end users who actually use it daily to engage in commerce... also if it forks then me and many others will be looking for a solution where this typeof fork isn't possible such as dash or physical assets... thanks for posting interesting talk.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.