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1  Bitcoin / Development & Technical Discussion / Re: Are blockchains truly distributed systems? on: September 20, 2020, 08:41:31 AM

Less storage and less bandwidth than now but control of emission is still maintained.


That didn't make any sense.

User verifies all transactions in his shard to ensure that no extra coins are injected by miners - control of emission.

You said that miners/stakers are required to have all the shards. That is NOT sharding, and it makes a full node lesser than what it is in a non-sharded network.

We don't care about miners' wishes and requirements, through competition they will bear any block size as long as it brings in profit. Shards are created to accommodate reduced storage and bandwidth capacity of users.

These shards are detached from each other, basically being independent currencies. But it's not something unheard of, throughout history people have been operating in parallel standards - gold, silver, copper. In the USA there were multiple coins before establishment of the Federal Reserve. Even now people in borderline zones carry two or three sorts of banknotes in their wallets. So if a technically sound and scalable solution could long-term stop corruption and legalized theft then I would say these conversions between independent currencies/shards would look like minor inconvenience.
2  Bitcoin / Development & Technical Discussion / Re: Are blockchains truly distributed systems? on: September 19, 2020, 01:45:38 PM
But what you posted DIDN'T maintain decentralization, it simply redefined a non-mining full node to be lesser than in a non-sharded network.

Less storage and less bandwidth than now but control of emission is still maintained. Think of these shards as cloned altcoins with shared (and very high) hashrate.
3  Bitcoin / Development & Technical Discussion / Re: Are blockchains truly distributed systems? on: September 19, 2020, 06:37:16 AM
All shards? Doesn't that NOT change anything except make a non-mining "full node" less than what is in a "non-sharded" blockchain?

Yes, that and 1000x bigger transaction throughput, and 100x bigger market cap. All while security and decentralization stay unchanged.
But I guess the masses don't care much about security nor decentralization.
4  Economy / Reputation / Re: MemoryDealers RogerVer scamming people again on: September 01, 2020, 03:28:22 PM
Go shill them and their shit somewhere else.
Well, that's quite ironic, my registration being 6 years older than yours. Maybe even older than you.
5  Economy / Reputation / Re: MemoryDealers RogerVer scamming people again on: September 01, 2020, 02:27:35 PM
BCH is all right, at least they don't have crazy BTC transaction fees but increased block size has been a mistake leading to centralization. I think only Roger Ver and Jihan Wu would be able to implement this and to bury Blockstream and their Lightning Network in the process:

https://bitcointalk.org/index.php?topic=5109561
6  Bitcoin / Development & Technical Discussion / Re: Are blockchains truly distributed systems? on: August 31, 2020, 01:23:20 PM
Curious. What cryptocurrency has implemented sharding successfully, and how does transfer of value happen between shards?

https://bitcointalk.org/index.php?topic=5109561
None has implemented it though, otherwise BTLightning would have already crashed.

Because what I want to know is, if miners/stakers are required to have all the shards, or trust their peers for the integrity of each shard?

Miners mine all shards, users verify few, one or none.
7  Bitcoin / Development & Technical Discussion / Re: Bitcoin Security vs Quantum Computing on: May 27, 2020, 12:53:20 AM
You don't need to worry if you don't expose public keys (address reuse). Even if the network shuts down for a while your coins will be safe and developers eventually will figure a solution.
8  Bitcoin / Development & Technical Discussion / Re: Drivechain critiques by gmaxwell revisited, maybe you changed your mind? on: March 12, 2020, 03:45:49 PM
Drivechain is a nebulous structure that few can explain and almost none cares about. There is a simple working construction of multiple altcoins/shards with common PoW and unified interface. Atomic swaps between altcoins/shards can be implemented natively to bypass centralized exchanges:

https://bitcointalk.org/index.php?topic=5109561
9  Bitcoin / Development & Technical Discussion / Re: Bitcoin’s race to outrun the quantum computer on: March 10, 2020, 06:19:53 PM
I've been looking for later news on the web, but not found much. Presumably (hopefully) the discussion has moved on considerably since 2016. If anyone is familiar with the latest discussions on this topic, please respond in this thread!

I'm unsure if it counts as a considerable move but my imagination has stopped there.

https://bitcointalk.org/index.php?topic=5191219.msg52769870#msg52769870
10  Bitcoin / Development & Technical Discussion / Re: Idea: using Atomic Swaps to make Bitcoin invoices less prone to volatility on: March 08, 2020, 02:13:31 AM
There is another idea to use atomic swaps to erase volatility:

https://bitcointalk.org/index.php?topic=5109561.

With few thousand shards bitcoin price rises to one million and twenty trillion market will be much harder to move than the current one.
11  Bitcoin / Development & Technical Discussion / Re: Mining IP Addresses on: February 22, 2020, 05:14:13 PM
I think what he means is one that knows miners' IP addresses can gather and lock them all up. Greetings, the cryptocurrency problem has been solved. Therefore cryptocurrency without onion router isn't a viable concept.
12  Bitcoin / Development & Technical Discussion / Re: Interesting way to get millions of people run full nodes. on: February 12, 2020, 04:24:49 AM
Unfortunately unlike mining Bitcoin people who run a full node is only running at a cost without really earning anything, they do this voluntarily in order to keep the Bitcoin network up and running.
People invested in bitcoin run full nodes to verify what miners are doing and not to keep some network up and running. There aren't many full nodes because current bitcoin implementation is congested, dysfunctional and unusable as peer-to-peer payment system.
13  Bitcoin / Development & Technical Discussion / Re: Interesting way to get millions of people run full nodes. on: February 11, 2020, 01:07:48 AM
There are many ways to scale on-chain like
https://bitcointalk.org/index.php?topic=5109561.
However those millions of people seem to be genuinely uninterested and for now bitcoin is mostly used for trading futures and options by HNWIs.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof of Stake technical dicussion on: January 21, 2020, 10:06:14 PM
Proof of Stake and Lightning Network require private keys to be online, so both are security disasters. No wonder they are getting support and funding from certain headquarters.
15  Bitcoin / Development & Technical Discussion / Re: Miner Question on: January 10, 2020, 11:53:28 AM
LN steals transaction fees from BTC for it's offchain network
Transaction fees can go trough the roof so it isn't a problem as many on this forum will reassure you.
The problem is LN dependence on timelocks that will wreak havoc on the world if level 1 gets disabled for an extended period of time.
16  Bitcoin / Development & Technical Discussion / Re: MIner Question on: January 10, 2020, 05:18:04 AM
There is a third way that makes possible small fees and small blocks, all secured by huge hashrate.

Sharding strategy held together by atomic swaps

Hopefully after halvings rational BCH/BSV users and miners will move that way and current BTC will become BLN.
17  Bitcoin / Development & Technical Discussion / Re: Will Bitcoin EVER have a bigger blocksize? Is there hope? on: December 27, 2019, 07:52:13 PM
Bitcoin Cash still has a block time of 10 minutes, which is makes it terrible for micropayments.

To be fair, any cryptocurrency is terrible for micropayment unless it has very fast block time (e.g. 10 seconds). People and cashier don't want to wait 10 minutes (or even 30 seconds) to wait a transaction confirmed.
With 2-of-2 multisig address where both merchant and customer park the same amount fast block time isn't necessary, even 24 hours blocks will work just fine.
18  Bitcoin / Development & Technical Discussion / Re: BlockReduce: Scaling Blockchain to human commerce on: December 10, 2019, 04:05:34 AM
Here is another idea along these lines for you

https://bitcointalk.org/index.php?topic=5109561.

It's basically a big package of altcoins with a built-in swapping mechanism where linear grow of block size leads to exponential grow of throughput.
19  Bitcoin / Development & Technical Discussion / Re: Why don't we have bitcoin smart contract? on: December 03, 2019, 04:25:52 PM
There is definitely one smart contract I'd like for Bitcoin: escrow. We're talking about Bitcoin as a payment tool and (trustless) escrow has got to be one of the things left to develop properly for Bitcoin. I remember first reading about Rootstock (mentioned by Pooya) at some point even in 2016/17 said that they were developing it for that precise usage. Think even Counterparty was supposed to have something like this.

A simple Ethereum script for it has existed for some time. But not for Bitcoin (to my knowledge). I can see that smart contract being put to use daily on this forum, for example. Or for inheritance (if I don't sign my wallet for 7 years, it releases to an heir, for example).

Or do these already exist?
A sort of escrow could be 2-of-2 multisig where seller puts one price and buyer puts two prices. But for it to be efficient both funding transactions should be included in the same block. Meaning that besides the usual transaction hash its counter-party transaction hash also should appear in the Merkle tree.
20  Bitcoin / Development & Technical Discussion / Re: Will Bitcoin EVER have a bigger blocksize? Is there hope? on: November 16, 2019, 05:06:08 PM
Increased transaction throughput is possible but it will require some thought and effort that an average Joe is unwilling and unable to offer. For the long tail part of the population the current bitcoin block size plus altcoin block sizes seem to be just enough.
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