 Anyone want some Libra? He actually did say that. |
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dbcache doesn't help, possibly because pruned mode adds flushing (maybe also other things in play). A previous discussion here. This may not be so much of an issue on SSDs, but on HDDs, the current roundabout solution for long IBD syncs is to use a RAM drive, effectively doing the caching externally. Stop using HDDs, problem solved and no dev-time gets wasted. |
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More important that's related to this?
I don't know if the details are easy, but the high-level concept is simple: allow to cache whole chainstate in memory, flush lazily.
We already have better caching than anything you will think of. Increase dbcache to whatever you can afford. |
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In hte meanwhile, I see myself using Libra for very specific and non critical instances.
You should figure out exactly which these are and help Bitcoin make an impact there rather than use Libra and wait.  LN can already be used pretty safely and easily (UIs on some of those are actually better than UIs on most Bitcoin wallets); I don't know what people in WO are waiting for, i.e. why they are talking about it like it will come in the future. LN will never have a "it's fully-ready" release date. |
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And the fees that "Alice" and "Bob" will pay in transactions round out Mr.FB business.
Zuckerberg is laughing all the way to the bank (the only person to truly benefit from this farce will be him). Vinklevii bros. this time are going to laugh louder at the end. Sweet revenge.  You really think their "Spedn" app will win the race against a facebook coin? You're serious? If something like that doesn't, society will collapse anyway. Everything that FB has ever built is cancer to us. |
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I believe roach and gembitz are on board
Backed by garbage metals maybe?
To add fuel to this fire, even their Github description is dishonest:  https://github.com/libra/libra |
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As an italian, i love pizza: when I go out to eat a pizza happens I have to pay for such a pizza: I never was able to pay with bitcoin. Or split the total bill of such pizza with my friends in Bitcoin. Only few of them owns bitcoins, but all of them owns Whatsapp.
This is the only one example I am going to give you: I am sure you are smart enough to extrapolate.
If you are willing to sell your data/privacy in order to be able to pay for pizza with a permissioned shitcoin, excuse me but why are you here? This thing will onboard crypto-less users, who can already pay for whatever they need using traditional methods. I can't think of any mainstream use-cases where this would be the superior tool to what we have now; maybe some extreme edge-cases, but who cares about that? Sadly, not worth the time to read that. Terrible shitcoin.
Great summary! And for the first time in history, (almost) everybody at bitcointalk will agree with Lauda  Theymos included, apparently! It's a rare day when I am not controversial.  |
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Maybe my broken English made me not clear: Libra is a KYC'd solution.
The KYC doesn't come from the protocol itself, but from the gateways used to access this protocol (wallets).
Well it comes off as: Not at protocol level and thus can be bypassed. This statement would be incorrect. It's good that you clarified though. What i am saying is that this coin is totally different from BTC, but there are some markets that aren't covered by BTC (yet).
This is incorrect. BTC covers every part of the world, legal or not. For those where it is illegal, it is unlikely that this thing would be legal. Even if it becomes legal, those people will get conned by associating Libra with something that it isn't AND will get harmed once they find this our: * Sent money with dangerous description? Flagged. * Sent money to dangerous address? Flagged. * Sent money to someone we don't like? Flagged. When I said market I didn't mean geographical markets (they are all covered by bitcoin), but use-case. Such as? |
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What i am saying is that this coin is totally different from BTC, but there are some markets that aren't covered by BTC (yet).
This is incorrect. BTC covers every part of the world, legal or not. For those where it is illegal, it is unlikely that this thing would be legal. Even if it becomes legal, those people will get conned by associating Libra with something that it isn't AND will get harmed once they find this our: * Sent money with dangerous description? Flagged. * Sent money to dangerous address? Flagged. * Sent money to someone we don't like? Flagged. Until then I am afraid we should rely on those subpar Libra- style solutions.
No, don't spread that or you will harm a lot of people. I agree with you, obviously it is shit, I said it in a previous post, but there are many people who read us and we must give arguments so that they understand. I needed to read one sentence to understand all the arguments against it. Heck, you need only to read 2 words to be against it: Facebook, Mastercard/Visa.  |
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According to the technical White Paper there should be ways to remain pseudonymous Account addresses.
An account address is a 256-bit value. To create a new account, a user
first generates a fresh verification/signature key-pair (vk, sk) for a signature scheme and uses the
cryptographic hash of the public verification key vk as an account address a = H(vk).1
The new account is created in the ledger state when a transaction sent from an existing account invokes the
create_account(a) Move instruction. This typically happens when a transaction attempts to send
Libra to an account at address a that has not yet been created.
Once the new account is created at a, the user can sign transactions to be sent from that account
using the private signing key sk. The user can also rotate the key used to sign transactions from the
account without changing its address, e.g., to proactively change the key or to respond to a possible
compromise of the key.
The Libra protocol does not link accounts to a real-world identity. A user is free to create multiple
accounts by generating multiple key-pairs. Accounts controlled by the same user have no inherent
link to each other. This scheme follows the example of Bitcoin and Ethereum in that it provides
pseudonymity [19] for users.
1 Concretely we instantiate hash functions with SHA3-256 [17] and digital signatures with EdDSA using the ed-
wards25519 curve [18].https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdfKYC is not at protocol leve, but at Wallet Level: Is AML/KYC required?
Apparently not at the protocol level, but the Calibra wallet states that all users will be verified via government issued ID. It also sounds like the Calibra wallet will be the only available wallet at least for a while, so it’s unclear if developers and users can run apps on the Libra network that don’t abide by the same standards as Calibra.
https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372Right and what if all the permissioned wallets i.e. wallets that are allowed to operate have KYC? What exactly does no-KYC at protocol level bring you? Don't get conned by the whitepaper. Most average Joes will be conned into the KYC wallet by FB anyways. |
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Thoughts on Libra “Blockchain”I’m pretty sure that would be a world first of a distributed network transitioning from permissioned to permissionless. Perhaps the network as a whole can switch to PoS, but in order for the stablecoin peg / basket to be maintained, some set of entities must keep a bridge open to the traditional financial system. This will be a persistent point of centralized control via the Libra Association. https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372 Sadly, not worth the time to read that. Terrible shitcoin. |
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Of course someone is scared this Libra thing could actually work after all: France Calls for Central Bank Review of Facebook CryptocurrencyFacebook Inc.’s ambitious plan to roll out its own cryptocurrency ran into immediate political opposition in Europe, with calls for tighter regulation of the social-media giant.
French Finance Minister Bruno Le Maire said the digital currency known as Libra shouldn’t be seen as a replacement for traditional currencies.
“It is out of question’’ that Libra “become a sovereign currency,’’ LeMaire said in an interview on Europe 1 radio. “It can’t and it must not happen.”
They aren't wrong though. It can not become a sovereign currency as it is centralized garbage by a company.They can call it permissioned all they want, it's worthless. The Libra garbage absolutely does not need blockchain in any way, but there will be many gullible kool-aid drinkers falling for this scam. |
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Recently I read a discussion in reddit about suppressing Satoshi's wallet
This is the worst idea I've ever heard here, it doesn´t make any sense
It's about protecting it from quantum computers, if needed. You don't understand any of this so you don't get to create any valuable opinions. There are very good reasons why it should be done and even more very good reasons why it shouldn't be done; therefore, to say that it "doesn't make any sense" is just being stupid. None of this has any relevance to the current price nor this thread. Yawn. You are dishonest and malicious. Nobody should listen to baboons like yourself. |
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Mind you, it takes more than a random guess to get all the chain of events right.
Wrong. Any idiot can occasionally be right after a million predictions. Either it goes up and continues going up or it goes up and reverts back down. You have a 50% chance to be right on this if you only believe that it will first go up.   |
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Dear OP, nice to hear that you have had a lot of accuracy with your readings, but do you mind telling us why you didn't have an account here already? Why did you choose right now to make a grand entrance, after 5 long years with a lot of success? Where is the proof of your 50 BTC? Sign an address and we know you're not taking a dump on us;)
He's a random pajeet that has no idea what he's talking about. If he ends up being correct, it's going to be due to sheer luck like most TA conmen. You sold when you shouldn't have, now you have to cope with reality by creating delusional predictions.
This is the reason why, or he's trying to short right now. Either way, both reasons are dishonest and malicious. |
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As far as I can see there are no write caching improvements in this version. Is there anything being worked on or planned? The last change was #11658, which was only a minor upgrade. What exactly makes you think that there is room for easy improvement in that area? More important things are underway anyway. |
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I can tell you with full confidence that right now the Bitcoin is in a hugely overbought condition (for the medium term).
I can tell you with full confidence that you're a lying idiot with malicious intent. You sold when you shouldn't have, now you have to cope with reality by creating delusional predictions. Bitcoin is severely undervalued and underbought.
To the rest: We have corrected several times in this mini-run. Are you blind? |
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If I left it up to you wankers to get my news from, I'd think the world was on the verge of collapse.
Another Brit detected? |
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I am very well familiar with the stupidity that has engulfed the UK. It one of the worst shitholes to live in today primarily to everything that you've listed (and a few other things, CCTV anyone?). Imagine that, a western highly-developed country = complete shithole. That's a discussion for P&S section, but that one has a roach called TECSHARE. It's best to discuss these things off-forum. Speaking from experience are we? Though I currently reside in USA, I have lived for a number of years in the UK (dual citizen) Though the plumbing maybe antiquated (among other slight annoying inconveniences) it is certainly not a “shithole” ...quite the contrary imo. They don’t have a moron president or a retarded gun culture and you don’t go bankrupt for getting ill. But like you said that’s a discussion for P+S section and the mighty tecshare and all. Then again I suppose making blatantly subjective posts like that will no doubt gain you lots of friends in here (and maybe a couple of enemies , idk). It’s the WO after all.... Quite the fallacy there. Saying UK is bad doesn't mean that something else isn't equally bad or worse. Both USA and UK are utter and complete shitholes. Living in literal shit is better than living in either one of those countries. Take that however you want. I'd expect WO people which are living in either one of those to jump ship and never look back as soon as they start *retiring* with their Bitkorn. |
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(its not mine or torque's or not any BTC'ers loss .... it will only be yours)
You assume that these guys ever had any real skin in the game and weren't bought out by the BSV clan to shill for pocket change. Your assumption is bad. |
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