@Imightbeapenguin

(comment) That would not solve the fundamental issue. If one staker has relatively more coins than the others, then naturally, coins will flow from economic users back to stakers, recreating the issue. This w...

@IMightBeAPengui... 2 years ago

(comment) Only time will tell, but my bet is that PoS will succeed while simulataneously being the biggest failure.

@IMightBeAPengui... 2 years ago

@IMightBeAPenguin · 2 years ago

Proof of Work vs Proof of Stake

It's been a while since I've gotten into any serious discussion about decentralized and robust consensus mechanisms in crypto. So far, I've been looking at the current trends, and it seems like 'Proof...

14 likes · 4 comments

(comment) April Fools ;)

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

Why I No Longer Support Big Blocks

After thinking about the scaling debate and really starting to educate myself on Bitcoin, I thought I had a lot of knowledge on how to scale Bitcoin by increasing the blocksize limit. Little did I rea...

21 likes · 6 comments

(comment) I'm glad to finally see that you're being vocal about your views, Colin! Keep up the good work! I'll make sure to tip this article later!

@IMightBeAPengui... 3 years ago

(comment) Thank you :)

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

How Scalable is Bitcoin?

It's interesting to see after the whole scaling debate how far tech has come in terms of SSDs, hardware processing, and internet speeds have come. I remember being back in 2015 seeing SSDs cost almost...

22 likes · 3 comments

@IMightBeAPenguin · 3 years ago

Why Low Transaction Fees Are Not an Issue for Bitcoin

I would like to apologize for not posting an article in a very long time. While I have been able to post and comment on r/btc, I have been busy with University, and I haven't come around to making art...

11 likes · 0 comments

(comment) If I open a channel, it is an on-chain transaction, which means I have to wait for confirmations

@IMightBeAPengui... 3 years ago

(comment) Lightning is extremely inconvenient because one has to wait for confirmations and pray that their transaction routes through if it's even a medium-sized purchase. Also, there is no proof that Lightn...

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

Big article coming soon! It's going to be split into several parts, and goes into depth on the current state of Bitcoin, the crypto community, and what is going on behind the scenes! ;)

1 likes · 0 comments

(comment) I'm excited for the BCHA airdrop. I've been wanting to buy a hard drive, and the airdrop gives me enough money for that!

@IMightBeAPengui... 3 years ago

(comment) It's probably going to just be Bitcoin ABC.

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

Bitcoin Cash: The Race to Becoming the Dominant Chain Before the Next Halving (3.5 Years)

Note: I've made this article because I feel that mass adoption is extremely important for moving BCH forward (I know, obvious) given the advantage we have with the new DAA fix. With ASERT being put on...

14 likes · 3 comments

(comment) You're right that people won't buy something based on what is morally correct. They may not care about IFP, but it doesn't change the fact that it leads to corruption and centralization.

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

The Economics Behind Big-Block Bitcoin: An In-depth Analysis

Not too long ago, I made an article called The economics of a high volume, low-fee Bitcoin market. In that article, I went over a hypothetical scenario in which fees are extremely low, and Bitcoin C...

9 likes · 1 comments

(comment) No

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

Bitcoin Cash: Governance Changes Moving Forward

With the recent conflict in the Bitcoin Cash community, it feels like a split is inevitable and this could potentially be the final nail in the coffin for Bitcoin Cash as a project. For me this is pos...

6 likes · 7 comments

(comment) 9 7 6 btw, I have no friends lmao

@IMightBeAPengui... 3 years ago

(comment) I too am excited for XThinner, and the raising of the tx limit

@IMightBeAPengui... 3 years ago

(comment) My bad with the whole poison pill thing. I guess it was something that was blown out of proportion. I'm definitely excited for the new block propagation tech XThinner on Bitcoin Cash, though.

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

Bitcoin Cash: Thoughts Moving Forward

From the recent chain of events in this last month (haha, pun not intended), it looks like ABC is going to intentionally cause a split so they can implement their own 'IFP' into the protocol. It looks...

79 likes · 25 comments

@IMightBeAPenguin · 3 years ago

Proposal: BMP with Mining Pools and 'Locked' Hashrate for Voting

For the upcoming issues with governance in Bitcoin Cash, it's at least clear that the majority of the is against the proposal of the Grasberg DAA, and there currently is no good form of voting on this...

3 likes · 0 comments

(comment) NOW THIS is some serious gourmet shit!

@IMightBeAPengui... 3 years ago

(comment) 87!

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

local.bitcoin.com promotion stamp

3 likes · 0 comments

(comment) NP. I hope we can really get past this, and BCH can eventually gain more market-share than it has right now.

@IMightBeAPengui... 3 years ago

@IMightBeAPenguin · 3 years ago

Bitcoin Cash: Nowhere Near Dead, but a Long Way to Go...

With my last article, I feel like I spread a little bit of negativity about Bitcoin Cash, but I was just stating my concerns for the future of it, considering the current state of development and the...

12 likes · 3 comments

(comment) You didn't bother addressing any arguments I made, and resorted to name-calling. I'm not a FUDster. What's going on right now is a legitimate concern not only for me, but for others in the community...

@IMightBeAPengui... 3 years ago