On 3/31/19, Punk <punks@tfwno.gf> wrote:
altcoin(bcash)
There's unlikely such thing on the markets by that string, nor did you bother to pair it with any symbol or site as a complete reference. "Bitcoin_Cash - BCH - https://www.bitcoincash.org/" is a well known thing. Grow the fuck up. Unfortunately neither native BTC (txrate too low) or LN (tech problems and well noted meta issues trending toward control, liability, etc) inspire much long term confidence. Nor do most distributed coins right now either. It's still early days. There might even be no solution until everyone trying to make one decides to get together and remove their biggest competition... Govts and Banks. And clearly all controlled coins (Bank, Gov, Corp Consortia) are Fiat garbage. Given Gov and Gov Bank ineptitude, Gov endorsed Corp and Private Bank Consortia Coins are probably the biggest fake news the clueless masses will end up adopting. That's scary and sad... for that they'd probably be better off sticking with what remaining Fiat Cash and Metals options they have today to avoid that Great BeastMarking Event.
huge blocks will lead to the system being centralized and controlled by a few players at best.
Seems too many people still believe in the first solution as, or can be, the only one. It's likely the blockchain on disk model will be mooted in favor of a tx stream updating a UTXO set db, mined checkpoints, various P2P means to bootstrap the db off the network itself, splitting up work areas, magical DHTs, storage networks, compute grids... so much more possible... don't read this stupid shit, go look at what all the coins are dreaming up and mashing together... and that's just today. The fundamental question for a minimally acceptable and successful crypto "currency" function might be can you throw 5-10x credit card level tps rates into say the same amount of globally distributed nodes that can provide a solution to the UTXO db that people trust more than central / Fiat, for a respectively moot fee, in tolerable time. Most probably yes. Cryptocurrency is barely 10 years old, and the levels of research being thrown at it make the Moon Landing look just as quaint as the morons wasting time arguing over stupid shit like blocksize as if it were going to be the sole solution to anything. There are other factors... social and political change towards voluntary, self-capable, personal responsibility, ethics, economic knowledge, etc necessary to make distributed trust happen. For example, picking just the OG BTC model... most people still go blank trying to understand why it is *their* responsibility to never allow more than 21M BTC to go past their client, or to throw just 10 watts 24*365 at a spread of small local indie mining pools to bring their numbers up into the hundreds and each of them into being regular block producers on par. Or have a clue how their favorite Banks and Govs really work. Whatever will be, it's early, help them cypherpunk, and enjoy the ride :)