Logs: freenode/#haskell
| 2021-05-12 02:26:59 | FinnElija | is now known as finn_elija |
| 2021-05-12 02:27:08 | <shanemikel> | (also need to handle miners somehow) |
| 2021-05-12 02:27:29 | <m_shiraeeshi> | maybe my mental model is wrong, and that's why I'm asking about gc |
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| 2021-05-12 02:28:35 | <shanemikel> | Only discarded blocks.. everything else stays in the chain. |
| 2021-05-12 02:29:05 | <shanemikel> | you discard blocks when you decide they are not getting accepted.. otherwise keep on chugging |
| 2021-05-12 02:29:28 | <m_shiraeeshi> | I heard that there was a dev in bitcoin who campaigned against popularizing bitcoin, and convinced a lot of people |
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| 2021-05-12 02:29:37 | <m_shiraeeshi> | it was like 5 years ago |
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| 2021-05-12 02:31:33 | <m_shiraeeshi> | and also about some issues leading to increased network traffic |
| 2021-05-12 02:32:28 | <shanemikel> | Before the crash in 2017 the BTC network was too slow to process TXs (because of the boom & hype, overloaded). That was a major reason for the crash in my mind. |
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| 2021-05-12 02:35:19 | <shanemikel> | The latest hype cycle it seems has averted this problem (though I don't know if it is advances in the network/protocol or operation of the exchanges) |
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| 2021-05-12 02:36:31 | <shanemikel> | Coinbase is much bigger and has capital to loan, speculate on TX outcomes, probably controls a huge volume of BTC to make TX fluid off-chain |
| 2021-05-12 02:38:05 | <shanemikel> | But on the blockchain there is no Fed to halt trading or loan/print to alleviate a liquidity trap |
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| 2021-05-12 02:39:54 | <shanemikel> | That was around the time when people were still debating whether BTC was a store of value or a medium of liquidity.. seems that argument is over and bulls have settled on store of value |
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| 2021-05-12 02:51:44 | <shanemikel> | This looks interesting https://well-typed.com/blog/2021/03/fundamental-blockchain/ |
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