You are viewing a single comment's thread from:

RE: Let The FUD About Cryptocurrency By The Media Be A Lesson To You

in #busy7 years ago (edited)

To be fair almost everyone wants a block size increase(except Luke)...
The problem would be how much is right?
Segwit was an almost prefect compromise...
(other than the fact it was opt in but that not much of a big deal-it did show which side of the game wallets/exchanges were...)

2x could of been successful if only they asked everyone but miners thought they were too good...

To be fair what Jimmy Song said got twisted...
I not saying I agree with his statement but he was saying:
that if bitcoin is not accepted by a merchant directly and done by a middleman who gives the merchant fiat they are not really accepting bitcoin and are helping the system and giving people false hope.
Might as well use a credit card which gives bonuses and use them to buy btc.
I get what he trying to say but it somewhat flawed but people twisted his words alot.

Don't expect too much privacy tech. Alot of tech ruins the supply limit. CT works but not with much scale. To scale use Bulletproof would be amazing but it introduces inflation risks. Of course if it has higher degree of safety it can added.
Mimblewimble is coming soon but not to bitcoin but as altcoins(much easier to do bc drivechains are not added yet)
https://www.coindesk.com/grin-and-beam-a-tale-of-two-coins-being-built-on-mimblewimble
They however said to open a type of system where a token pegged to bitcoin will be added letting bitcoin be used on their chain. Really interesting but can't give my opinion yet

2019:
Dandelion is coming though which gives tor/vpn style ip privacy to tx.(I follow the github page :P )
BIP 151 Encryption let Bitcoin nodes encrypt traffic (hence, transaction and block data) between them.
ZeroLink and TumbleBit are both online but questionable bc it can be argued it taints bitcoin so not the best....
LN is automatic privacy,can't track anything that can't be tracked.
Sidechain privacy is here but also not good bc no trustless pegging has yet to be added.

https://bitcoinmagazine.com/articles/bitcoin-privacycoin-tech-making-bitcoin-more-private/

Sort:  

Centralized IT has been stagnating in a way that can hurt bitcoin. Parasites don't innovate, but have a habit of seeking rent which is slowing down progress. This helps authority. Internet connection speeds are being throttled on purpose. We need mesh networks and more projects like Skycoin or Jared Rice's DWeb.

I agree. One of the reason why I run/support Blockstream Satellites and run Txtenna. However they only help bitcoin and not the rest of the internet. Skycoin and Jared ice's DWeb are too shady for me and most people...