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  1. #2941
    Wage Cuckin' It BetaAsPhuck's Avatar
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    Originally Posted by entropy91 View Post
    The recent report published has stated that 70% of Bitcoin mining is done with renewable energy. Square/ ARKs white paper has shown how BTC incentivizes clean energy.
    Dude... Let's be real... Since when have facts mattered to politicians, the MSM and 'the elites' agenda?

    Elon and Tesla have a vested interested in pushing for renewable energy initiatives.

    Look at COVID man... Do you honestly believe that they were 'following the science'?
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  2. #2942
    Registered User entropy91's Avatar
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    Originally Posted by BetaAsPhuck View Post
    Not every way.

    Transaction fees for Bitcoin make it terrible. It's still better than a bank to bank transfer overseas though, in terms of moving lump sums. Terrible for microtransactions, which is why Bitcoin Cash is gaining ground in developing nations (e.g. The Philippines and Thailand). Unfortunately though this FUD also puts Bitcoin Cash in the crosshairs.

    $14.35 transaction fees to give $10 to a family member overseas in the Philippines or Thailand is simply ridiculous.

    https://ycharts.com/indicators/bitco...e%20year%20ago.

    Bitcoin wins on liquidity options though. No doubt about that.
    Microtransactions are growing on the Lightning network. Bitcoin Cash is increasingly centralized due to the barrier and cost of entry.
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  3. #2943
    Registered User BUFUbrah's Avatar
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    I think the only way is using electric cars to power crypto mining
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  4. #2944
    Registered User entropy91's Avatar
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    Originally Posted by BetaAsPhuck View Post
    Dude... Let's be real... Since when have facts mattered to politicians, the MSM and 'the elites' agenda?

    Elon and Tesla have a vested interested in pushing for renewable energy initiatives.

    Look at COVID man... Do you honestly believe that they were 'following the science'?
    Even if they added heavier taxes on mining, companies would just move over seas / somewhere cheaper or shut down completely. Either way it will have no effect on Bitcoin, and they will stifle innovation.
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  5. #2945
    Wage Cuckin' It BetaAsPhuck's Avatar
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    Originally Posted by entropy91 View Post
    Microtransactions are growing on the Lightning network. Bitcoin Cash is increasingly centralized due to the barrier and cost of entry.
    I've said this to you about 3 times.

    1) 10% of nodes control 80% of the funds on the lightning network. The lightning network is centralized. It's not my opinion... Here is a research paper on the centralization of the lightening network... https://arxiv.org/pdf/2002.02819.pdf

    2) The lightning network can't be used offline. You have to be online to receive payments.

    3) The lightning network can't scale. It's not ready for mass adoption. Kim DotCom tried to scale it for his upcoming project for 6 months and it wouldn't work, which is why he turned to Bitcoin Cash.



    Honestly, DASH basically does what the lightning network and Bitcoin Cash can do with Proof of Stake (non-mining for any lurkers). It might now have it's time to shine.
    Last edited by BetaAsPhuck; Today at 01:13 PM. Reason: I don't know why I keep typing 'lightening' instead of lightning
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  6. #2946
    Registered User dupaloop3611's Avatar
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    Originally Posted by BetaAsPhuck View Post
    I've said this to you about 3 times.

    1) 10% of nodes control 80% of the funds on the lightning network. The lightning network is centralized. It's not my opinion... Here is a research paper on the centralization of the lightening network... https://arxiv.org/pdf/2002.02819.pdf

    2) The lightning network can't be used offline. You have to be online to receive payments.

    3) The lightning network can't scale. It's not ready for mass adoption. Kim DotCom tried to scale it for his upcoming project for 6 months and it wouldn't work, which is why he turned to Bitcoin Cash.



    Honestly, DASH basically does what the lightning network and Bitcoin Cash can do with Proof of Stake (non-mining for any lurkers). It might now have it's time to shine.
    literally went to reply post invalid before you changed the spelling lol
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  7. #2947
    Registered User ghostfacedup's Avatar
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    Originally Posted by entropy91 View Post
    The recent report published has stated that 70% of Bitcoin mining is done with renewable energy. Square/ ARKs white paper has shown how BTC incentivizes clean energy.
    This doesn't matter to elites, corps, or politicians. How many times does it need to be explained that there is an AGENDA behind climate change alarmism/Green Energy. This isn't about science. As BetaAsPhuck mentioned, look at Covid. It's never about actual data/science. Research the Great Reset, it's pretty much out in the open at this point.
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  8. #2948
    Registered User Maxamanius's Avatar
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    Elon knew he’d get some heat from this but I don’t think he expected it to be this big. He doesn’t like being hated on this badly. I definitely see him coming out in a couple weeks saying something to the extent that they found a way to make btc more energy friendly then renew Bitcoin payments, announce plans for their own crypto, etc..
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  9. #2949
    Registered User entropy91's Avatar
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    Originally Posted by BetaAsPhuck View Post
    I've said this to you about 3 times.

    1) 10% of nodes control 80% of the funds on the lightning network. The lightning network is centralized. It's not my opinion... Here is a research paper on the centralization of the lightening network... https://arxiv.org/pdf/2002.02819.pdf

    2) The lightning network can't be used offline. You have to be online to receive payments.

    3) The lightning network can't scale. It's not ready for mass adoption. Kim DotCom tried to scale it for his upcoming project for 6 months and it wouldn't work, which is why he turned to Bitcoin Cash.



    Honestly, DASH basically does what the lightning network and Bitcoin Cash can do with Proof of Stake (non-mining for any lurkers). It might now have it's time to shine.
    The irony is that the same issues that are effecting the LN centralization are the reasons why Bitcoin Cash is so centralized. Once the barrier to entry on the LN network goes down it will become much more decentralized and usable. Software takes time to develop.

    A LN Engineer is literally an author of that paper.

    https://twitter.com/Snyke/status/1228736422565249024

    There have also been some substantial updates since that paper was published.

    https://www.coindesk.com/bitcoin-lig...ng-c-lightning
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  10. #2950
    Registered User camaleom's Avatar
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    dude is bipolar... sometimes he is his own worst enemy...

    lost A LOT of my profit in eth after his tweet... F HIM
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  11. #2951
    Wage Cuckin' It BetaAsPhuck's Avatar
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    Originally Posted by entropy91 View Post
    The irony is that the same issues that are effecting the LN centralization are the reasons why Bitcoin Cash is so centralized.
    I'm not interested in a Bitcoin vs Bitcoin Cash debate.

    I also mentioned DASH.

    I have no emotional attachment to any crypto project. I'm a pragmatist.

    Once the barrier to entry on the LN network goes down it will become much more decentralized and usable. Software takes time to develop.
    Bitcoin Cash fans (Kim DotCom for example) have literally said the same thing. Bitcoin devs and fans literally ignore him, they even deleted a video where he argued with them because he made such good counter arguments.

    Literally everything you say about 'the tech will get better' can be applied to Bitcoin Cash.
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  12. #2952
    PHF member mr.left hook's Avatar
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    Originally Posted by camaleom View Post
    dude is bipolar... sometimes he is his own worst enemy...

    lost A LOT of my profit in eth after his tweet... F HIM
    He is a ****ing Nerd who lives off Social Media Likes nothing New for this Generation to understand
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  13. #2953
    GFH purts's Avatar
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    This fuking guy...

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  14. #2954
    Registered User entropy91's Avatar
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    Originally Posted by BetaAsPhuck View Post
    I'm not interested in a Bitcoin vs Bitcoin Cash debate.

    I also mentioned DASH.

    I have no emotional attachment to any crypto project. I'm a pragmatist.



    Bitcoin Cash fans (Kim DotCom for example) have literally said the same thing. Bitcoin devs and fans literally ignore him, they even deleted a video where he argued with them because he made such good counter arguments.

    Literally everything you say about 'the tech will get better' can be applied to Bitcoin Cash.
    Not so sure. The blockchain trillema is real. LN is an entirely different network protocol and not subject to the same limitations as L1. L1 becomes an abstraction layer in the same way the OSI model allows each layer to focus on it's own protocols.

    The only thing BCASH has done is to increase block sizes which has decreased it's decentralization and security for an increase in speed ( trilemma)
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  15. #2955
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    Originally Posted by purts View Post
    This fuking guy...

    And he already knows bitcoin doesn't use a lot of fossil fuels. He's a puppet.
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