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

May 16th, 2017

@ViaBTC @MrChrisEllis So… you’re complaining that you’re making too much money?

via Twitter for Android in reply to ViaBTC

If we hit 1250 satoshis per byte then we will have reached parity with the current block reward. twitter.com/lopp/status/86…

via Twitter Web Client

A bit of a fee event on the blockchain today; Bitcoin Core’s recommended fee rate for confirmation in 3 blocks doub..twitter.com/i/web/status/8…jv

via Twitter Web Client

@brucefenton Fee rates surged to all-time highs today. No algorithm can predict the future.

via Twitter Web Client in reply to brucefenton

@CharlieShrem That would be great, but Bitcoin services have far more control over the former than the latter.

via Twitter Web Client in reply to CharlieShrem

@Adam_S9 Some may, but in general they still have to pay competitive fees or wait a really long time to confirm.

via Twitter Web Client in reply to Adam_S9

Looks like someone has chosen an extremely expensive day to consolidate their UTXOs… pic.twitter.com/QHvfr0wjH1

via Twitter Web Client

There’s no need to justify Bitcoin’s current properties: it simply is. Justification is only required to make changes & break status quo.

via Twitter Web Client

@JihanWu Exciting times! Savvy businesses had better be prepared to adapt.

via Twitter Web Client in reply to JihanWu

5) Services accepting deposits into P2PKH addresses currently have an overhead of 148 bytes * 200 satoshis / byte = 29,600 satoshis ($0.51)

via Twitter Web Client in reply to lopp

4) Services could detect small deposits and refuse to credit the user or possibly even deduct an appropriate fee from their current balance.

via Twitter Web Client in reply to lopp

3) Of course, it’s actually more complex than this and depends upon each businesses’ profit margins. This issue creates additional overhead.

via Twitter Web Client in reply to lopp

2) This can’t be enforced at protocol level, but if users deposit < amount required to spend an output, they are costing the service money.

via Twitter Web Client in reply to lopp

1) It’s probably time for bitcoin services to set dynamic minimum deposits that are commensurate with the cost to spend the UTXOs.

via Twitter Web Client

If history repeats with a 50% crash ($29 Billion) then we can expect weeping & gnashing of teeth. Only the stronges..twitter.com/i/web/status/8…rD

via Twitter Web Client

Due to recent support tickets, this bears repeating. twitter.com/lopp/statuses/…

via Twitter Web Client

@NeerajKA @mikejcasey That’s too realistic a figure; real ICOs raise millions in 15 minutes.

via Twitter Web Client in reply to NeerajKA

@olivierjanss @jgarzik Jonald’s making his argument to the wrong audience. I think this statement explains why: “Yo..twitter.com/i/web/status/8…v3

via Twitter Web Client in reply to olivierjanss

Good advice from @Trevornoah for ransomware authors. 🤣 youtu.be/Qe1cbBqRY8g?t=…

via Twitter Web Client