Re:Bitcoin Mining is NP-hard (2014)
by nullc on Thursday April 20, 2017 @11:59PM
(#14163006)
> Average cost per TX is over $2.00 right now [2]
Thanks for demonstrating that you're probably not even a Bitcoin user at all. (The median transaction size is 226 bytes, -- and so you're using a figure per kB-- so equal to 4.5 txn.)
(doubly ironic to see you complain about segwit in one breath and transaction fees in the next)
> people are waiting 6+ hours for a TX and are forced
You can choose how long you'd like to wait in exchange for more or less fees-- this how the system works, no one is forced to do anything.
> with a financial incentive to see Bitcoin fail
I have large incentives to see Bitcoin be successful-- but can you articulate any way that I can profit from failure?
I'm here writing to you with a well known identity, upfront about what I work on and what I think is important. If you're angry that other people won't rewrite Bitcoin's rules to suit whatever agenda you have-- that sounds like a personal problem. It certainly isn't my problem.
Thanks for demonstrating that you're probably not even a Bitcoin user at all. (The median transaction size is 226 bytes, -- and so you're using a figure per kB-- so equal to 4.5 txn.)
(doubly ironic to see you complain about segwit in one breath and transaction fees in the next)
> people are waiting 6+ hours for a TX and are forced
You can choose how long you'd like to wait in exchange for more or less fees-- this how the system works, no one is forced to do anything.
> with a financial incentive to see Bitcoin fail
I have large incentives to see Bitcoin be successful-- but can you articulate any way that I can profit from failure?
I'm here writing to you with a well known identity, upfront about what I work on and what I think is important. If you're angry that other people won't rewrite Bitcoin's rules to suit whatever agenda you have-- that sounds like a personal problem. It certainly isn't my problem.