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kallewoof

Re:Coinbase to Suspend Trading in XRP on Tuesday December 29, 2020 @01:59AM (#25567450)
Or:

Bitcoin has an incentive model based on transaction fees. This is currently being "boot-strapped" by a mechanism called subsidy, where miners get "extra" bitcoin aside from the transaction fees.

That subsidy shrinks every 4 years and will eventually be zero.

As we move towards that point, the transaction fees need to be high enough that the miners are incentivized to continue protecting bitcoin.

For regular coffee-style orders, this becomes infeasible; that's why you can use layer-2 (or higher) tech to pay really low fees for each transaction.

As Bitcoin usage increases, we hit new speed bumps -- transaction fees spiking was one of them. While this is the inevitable (for a successful bitcoin) future, there need to be ways to make cheaper payments, but everyone (who's given it some thought, and who doesn't have an agenda of some kind) agrees that permanently storing coffee sales in the blockchain directly is not the way to go, if we can avoid it, and we can.

Re:Coinbase to Suspend Trading in XRP on Tuesday December 29, 2020 @01:48AM (#25567407)
Nonsense. Liquid is directly dependent on Bitcoin's success.

And as has been stated before, Blockstream employees got a chunk of their pay check in bitcoin. Do you really think they'd try to "throttle" their own livelihood?

Re:Coinbase to Suspend Trading in XRP on Tuesday December 29, 2020 @01:25AM (#25567309)
The Blockstream hijack lie is getting really old.

And it doesn't age well either. Both gmax and pieter are not even in it anymore. Blockstream's contributions (what you consider 'hijacking') to Bitcoin are pretty slim at this point.

Which is a pity, honestly. Blockstream was a good force for bitcoin, despite the continuous stream of baseless lies coming from you people.

Gmax made a much better summary of why your statements are all baseless babbling below...