The below is an off-site archive of all tweets posted by @lopp ever

November 23rd, 2016

You know you’ve reached a new level when you can no longer find any humor in Morris’ Three Golden Rules of Computer..twitter.com/i/web/status/8…Ym

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@MAbtc @bitedgeco I think we agree on that point; I basically said as much with reddit.com/r/Bitcoin/comm…

via Twitter Web Client in reply to MAbtc

@MAbtc @bitedgeco Refer to my tweetstorm from earlier today for more of my thinking about transaction backlogs. twitter.com/lopp/status/80…

via Twitter Web Client in reply to MAbtc

@MAbtc @bitedgeco As I noted (I am “statoshi”) on that thread, such an increase can easily be due to organic growth. It’s not proof of spam.

via Twitter Web Client in reply to MAbtc

@fredzannarbor You mean in relation to the value sent by the transaction? Doesn’t make much sense either since that’s not how market works.

via Twitter Web Client in reply to fredzannarbor

@SDLerner True, true, though when discussing the fee market and comparing tx fees to their confirmation times, fee rates are a good standard

via Twitter Web Client in reply to SDLerner

@ErikVoorhees I have yet to figure out how to open a bank account in India.

via Twitter Web Client in reply to ErikVoorhees

The only sane way to describe bitcoin transaction fees is in cost per byte of data. If you just state the total cost, it’s nonsensical.

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@paul_btc @JVWVU1 Some companies would prefer on-chain transactions because then the users can verify balances on their own.

via Twitter Web Client in reply to paul_btc

5) As such, I’d bet that some backlogs are not attacks, but rather people firing up new services & learning the hard way.

via Twitter Web Client in reply to lopp

4) I tell these companies to use on-chain transactions for entering and exiting their service; the rest should be internal DB updates.

via Twitter Web Client in reply to lopp

3) I’ve had to tell a number of companies over the years to re-architect or scrap their plans so that they don’t make too many transactions.

via Twitter Web Client in reply to lopp

2) Some companies getting into Bitcoin don’t comprehend the scarcity of block space and want the blockchain to do all their accounting.

via Twitter Web Client in reply to lopp

1) It would only take one moderately sized company to start regularly sending BTC to users in order to create a large transaction backlog.

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