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13821  Bitcoin / Bitcoin Discussion / Re: There will be no "Development" of the Cryptoindustry for now, here is why: on: January 09, 2019, 02:24:47 PM
now we seem to be getting to the crux of the issue

king scorpio is not upset about the industry/community of crypto.. he is upset about a BUSINESS which handles a basket of different altcoins and names the basket a "crypto index"

which i would say. knowing 99% of altcoins are crap coins anyway. and knowing that the BUSINESS that king scorpio is crying about is also not concerned with the value/utility of crapcoins. king scorpio should take a step back and realise that the BUSINESS that creates the basket of altcoins(index) do not make profit from if a coin is successful/usable/sustainable.

whether a altcoin is successful or not, the business that king scorpio is upset about just takes a commission from every trade of a basket, no matter what the basket contains and no matter what the altcoin in the basket actually does or doesnt do.

so now knowing this. king scorpion should realise making an altcoin and forcing it to only be listed if it meets certain standards wont make the BUSINESS any more or any less profitable. so in essense they will still not care if a coin meets a certain standard or not. as thats not their BUSINESS model

so in short. king scorpio is fighting a battle with the wrong weapon
13822  Bitcoin / Bitcoin Discussion / Re: IBM Unveils World's First Quantum Computer for Commercial Use on: January 09, 2019, 02:02:46 PM
firstly the propaganda of "super positioning" "extra dimensional" vortex quantum sci-fi .. is just BS

the actual physical is that instead of say 0 volts represents 0 binary and 1 volt represents binary 1.. they now have 0.33 volts which can be another thing/choice/option and 0.66v can be another choice/option
(exact voltage differs from above as my example is just explanatory demo)

its not anything sci-fi .. it is not based on other universes/dimensions.. its just the 'dimension' of going from 2D to 3D.
yes the manufacturers wanted to hide it in wishy washy sci-fi buzzwording. but that was just try stop other industries copying the simplicity of moving from 01 to being 0123

anyway
they have not set in stone what this extra 'choice' can be. some IT industries may want to have it as a "both on" or "both off". some may want to use it for vectoring for instance one bit used to represent stand still or go forward. another bit would be stand still or go left. another bit would by stand still of go right.
but with a qubit that single qubit can inform: stand still, go forward, go left or go right.

in essence. calculating a hex string gets about a 2x efficiency. based on number of transistors needed. but converting base 4 to base 2 then takes a bit of processing so its a lil less than 2x efficiency to convert a qubit solved hex string into a hex string that a binary system would accept

where as vectors can be many times more efficient.

but here is the important part. ASICS mining bitcoin is the equivalent to over a trillion PC's CPU mining at the current hashrate. so IBM's qubit processors still have a way to go. an as we learned this month with ASIC's going from 14t/hash to 28t/hash per asic.  ASIC mining can outpace qubit expansion much faster

anyway. qubits will be used mor for industries where just 2 answer per transistor is not enough.
take DNA which has 4 identifiers(GACT). industries can program 0 as G 1 as A 2 as C and 3 T allowing for better DNA identifying and processing.

as for bitcoin. i wont be so much worried about brute forcing bitcoins block hashes. but small chance that qubit usage could be concentrated more towards the ECDSA. but even so. it will still be an effort
13823  Bitcoin / Bitcoin Discussion / Re: There will be no "Development" of the Cryptoindustry for now, here is why: on: January 08, 2019, 09:43:02 PM
1. price and marketcap are meaningless to the code itself you wont find a single dollar in bitcoin code
2. the founders of bitcoin are not the same guys coding it now, hense why its taking a different path than originally envisioned
3. though point one is true, what is also true is that the price does affect and influence the devs decisions to what new code should be added

4. but with all that said the crypto industry will develop. but bitcoin as just the bitcoin network has not actually done much for the last few years apart from open doors to new networks, and shut doors to those wanting to work on this network

i expect the usual developer defense camp to raise pitch forks. but maybe they need to have words with the developers more so than debate with me
13824  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Really Meant as a Peer to Peer System on: January 08, 2019, 11:58:26 AM
firstly fiat has many many bad things. bitcoin should not be trying to attain FIAT status. it should not add more silly features to make it FIAT-esq by bloating up the txbytes which end up reducing the transaction count/utility potential.

pandering features towards big business and services while ignoring the concept of individual control is not a aim developers should be striving for

secondly bitcoin should remain as the open other choice to fiat. EG an escape route away from fiat. as oppose to trying to make it into and to replace fiat

bitcoin wont become the "one world" currency. and if it did. it will be a worse situation than the fiat situation average joe is stuck in today

doing silly things like shout out Myspace systems cant handle the membership so how about try facebook is not going to make myspace any better. and the same goes for the guys saying bitcoin cant handle X so try a different network

bitcoin should get back to being the slim, lean transaction protocol that just sends funds from one address to another. allowing more transactions per second, meaning more people able to transact. and also implementing a proper fee mechanism where those that spent their funds with least confirms pay higher price as a way to only punish spammers and make the spammers the ones that find other networks a convenience.

in the real world people only spend with their visa card 1-2 times a day on average. so yea bitcoin does not need to push average joe over to other networks. it just needs to push a small NICHE of spammers off the network and into "convenience" services and networks. bitcoin does not need to punish every user with higher fee's during spam/high demand. as a fee mechanism will just make those regular spenders pay the price while not harming the occasional shopper with surprise new higher fee costs

as for the blockchain data itself. there are multiple ways to handle it without having to pressure people to give up their individual control. again pushing people into vaults/custodians is not the future bitcoin should aim for
13825  Bitcoin / Bitcoin Discussion / Re: BITCOIN MAXIMALISM DEBATE IS A WASTE OF TIME on: January 07, 2019, 10:26:39 PM
the way i see it
on this forum, wher outsiders have already heard something about bitcoin to have come here.. have come here because they have already heard something about bitcoin.

they do not need to hear the utopian fluffy pony advert style stuff of dreams and hopes. they want to know the REAL pro's AND cons.
those that just want to use this forum as a fluffy pony utopia of positive promotion need to realise that the promotion is not needed. people have already received the promotion to even be reading this forum.

they want the more open and actual details of good and bad. so that they can independently know the possibilities and the risks

i call myself a maximalist. i am not interested in the altcoins and other networks. but i am a realist. its far better to get people who really want to use bitcoin for bitcoins real uses. than just to shout at shep to run towards the bitcoin field so that the wolves can run out the field with their mouths full
13826  Bitcoin / Bitcoin Discussion / Re: Search for "Bitcoin Core developers" on Google, the results are funny on: January 07, 2019, 09:24:35 PM
probably we will never know who the developers really are because it is all encrypted in detail

its actually very transparent who the developers are. if you know how to research properly.
P..S
satoshi was NEVER a "bitcoin core developer" so his identity is not a question for this topic. and his involvement is not a current even. he has not done anything since late 2010 so not important or relevant to todays code concerns
13827  Bitcoin / Bitcoin Discussion / Re: What is the Bitcoin's business plan and responsible people behind it ? on: January 07, 2019, 08:29:04 PM
bitcoin as a currency/value is decentralsied and distributed. and no one has control of the value/currency as everyone can and should hold the private keys to the currency/value.(apart from those who choose to use custodian services such as exchanges)

as for the code/protocol/software. well thats when things get greyer

bitcoin core defines itself as the CORE of bitcoin. they define themself as the reference client and the main resource to go to, and propose changes/upgrades. they have a plan. which they call their "roadmap"

many people hate the idea that core has this power. but mostly those that try to deny the existance of the power are the ones who actually defend core development to continue with their practices/methods and hope opposers (to core centralisation) just go away

though this does not mean core are fund custodians or have control of individuals funds. they are the main guys of the software/network evolution.

explaining it in simple terms. bitcoin core is to bitcoin. what microsoft is to .docx
they control the format and software. other software can exist but mainly they can only limit themselves to the features allowed that the main software have allowed

but no software provider controls the value/data that people use which gets stored decentrally on peoples computer
13828  Bitcoin / Bitcoin Discussion / Re: Search for "Bitcoin Core developers" on Google, the results are funny on: January 07, 2019, 08:07:43 PM
seems wind fury is now ignoring googles search results of bitcoin core devs, and now only wants to discuss WIKI

maybe what windfury needs to do is check wiki and realise people edited wiki to include those names. and should maybe get a wiki mod to edit the wiki.
(usually anyone can edit wiki, but as with everything.. even core. you find getting an edit actually published is easier if you kiss  a moderators ass) im sure he knows how to proceed with this
13829  Bitcoin / Bitcoin Discussion / Re: Satoshi's lesson on: January 07, 2019, 01:43:45 AM
True enough about the genesis block, but I'll have to stay on the fence with this one.  Clearly some of the work was already done before that particular headline was written.  As theymos alluded to, Satoshi was working on the idea in 2007 (i.e. before it actually became the 2008 crisis).  If the text embedded in that first block had contained a headline from 2007, then we could definitely point to that beyond all doubt as the true source of inspiration.  But it didn't.  It appears as though Satoshi deliberately launched the network upon reading that article, so it does support the notion that the financial crisis was undeniably a factor in their motivations.  

crisis began in 2007. ..
it wasnt until 2008-9 before it got concluded with bailouts

i remember in 2007 that bad things were happening. so dont try alluding that the crisis didnt happen until 2008-9
might help if you done research that there were financial issues in 2007. in regards to how banks were over creating 'bad money'
hint: sub prime loans
13830  Bitcoin / Bitcoin Discussion / Re: Search for "Bitcoin Core developers" on Google, the results are funny on: January 06, 2019, 07:24:22 PM
But google uses Dorian Nakamoto and Satoshi left before when Bitcoin Core was named bitcoin-qt, so it's inaccurate.

also satoshi's actual client was on sourceforge.. it was gavin that used github and everything continued from that.
the version gavin had on github in 2010 was different than satoshi's

but hey, if you ask trump  he will say russia and china had something to do with it because google told him
13831  Bitcoin / Bitcoin Discussion / Re: Search for "Bitcoin Core developers" on Google, the results are funny on: January 06, 2019, 03:35:01 PM
In fact Google just cited the names (+photos) according to Wikipedia...it took too much effort hehe Wink
Don't want to mix this topic with politics but Trump once accused Google for showing bad articles on top, well, it appears that the white house search preferences are broke  Tongue

they are
if trump is obsessed with mentioning russia and china. then search results will point to what russia and china re doing.
there are hundreds of countries.
i search for things like hawaii.
so when i search "national emergency". i DONT get results about russia / china. my top result was the text alert thing that happened in hawaii awhile ago that was alerting people to a missile alert.

but i can guarantee trump gets stuff about mexico russia and china. and probably never gets anything about germany, italy or other countries he doesnt think about
13832  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a better store of value than gold on: January 06, 2019, 03:00:02 PM
The best store of value has the biggest network of users and the most market liquidity

untrue
1. FIAT: america 300m+ users.. china 1billion+.. yet the world follows the dollar
2. best store of value is more about utility. if people cant use it within the main network due to fee's. they will play around in other networks and then if they want to return to a blockchain network they will find the cheapest,fastest network that does the same things as bitcoin.. EG litecoin is probably going to be peoples exit out of LN
much like silver and copper coins were the exit out of banking even though before entering banks they held gold.

i know you will utopia that people will return to bitcoin network, but outside of your echo chamber. real people try to find the cheapest best options. and if bitcoins network cant give them what they want they will find other networks.

hense why instead of pushing to remove bitcoin utility and HOPE the Store of Value remains. your missing the point of what gives it the value. (VALUE not price). as decreasing VALUE leads to effecting the price
13833  Bitcoin / Bitcoin Discussion / Re: Project Genesis - a project to redecentralise Bitcoin on: January 06, 2019, 02:27:51 PM
as if they somehow owe it to you to build your vision for you.

i do love how you think its a one person opinion.
i do love how you wish to protect the centralised "reference" implementation team by pretending its just me that opposes

you can play all your games you like. but you still miss the big picture
you can play all the games you like but you end up just highlighting the problem. that you think that devs should not listen to the community
13834  Bitcoin / Bitcoin Discussion / Re: Search for "Bitcoin Core developers" on Google, the results are funny on: January 06, 2019, 02:00:22 PM
i done the same search and i got names like greg maxwell luke dashir chrisdecker

funny part is
google takes a search key word and searches for results based on user preferences.

EG as a true bitcoiner if i search for "miners" my results come up with ASICS
a gold merchant or a coal worker would result in things related to excavators, sluice machines and quarries

we all know windfury loves his roger ver drama. so ofcourse FOR WINDFURY thats the results windfury would get

so it seems that windfury has the wrong results because windfury has in the past been told stories to only look at and discuss social drama of non-important people, and built up HIS OWN search preference thats not the truth.

windfury basically has been led down the wrong path.

but i do laugh whenever i mention a real bitcoin dev.. him and his buddies come running into a topic to meander the topic to attempt get me not to talk about the real devs and real issues. and instead to meander it into social drama about non dev stuff

so in short. google is proving to windfury that he is in an echo chamber of dont mention real devs and try to make people think about non-dev social drama.
windfury google is showing you your falling for your own buddies trick by leading YOU down the wrong path based on your own wrong path search history/preferences

emphasis
google is not broke.
YOUR. yes YOUR search preferences is the thing that is broke
13835  Bitcoin / Development & Technical Discussion / Re: Lightning Network Discussion Thread on: January 06, 2019, 01:42:04 PM
"trust minimalized"

lol im laughing

i think more people really need to actually research LN. its getting obvious who has actually used it and who is just repeating the propaganda promotion material
13836  Bitcoin / Bitcoin Discussion / Re: Lightning Network effect on Bitcoin's price on: January 06, 2019, 06:41:39 AM
october 2013 hype triggered by new asics compared to GPU
which caused a change in the mining:market dynamics of cheapest way to get bitcoin.. but it over inflated and bubbled due to the FOMO speculation

november 2017 hype triggered by VC's being satisfied segwit was activated by deadline
which caused buy up by VC's... but it over inflated and bubbled due to the FOMO speculation

if all you care about is promoting something to death purely to cause a hype bubble. just realise one thing...
they only last a couple days-weeks-months before correction

so dont waste years promoting another network just for the hope of a 2 week-month price movement
13837  Bitcoin / Bitcoin Discussion / Re: Country Wise Minning on: January 06, 2019, 04:42:42 AM
alot of people use to think (some still foolishly do) that slush,f2pool and antpool, were all "china"

f2pool is a server with users worldwide, so althought the server may be on a chinse registered domain. the asics are world wide
slush is a server with users worldwide, and the server is managed in thailand with the asics are world wide
antpool, tagged as china, but blockdata reveals several farms. company reveal facilities in iceland georgia san fran and mongolia

so if you read any racist propaganda about "china", just treat it as the usual 'fox news' type of racism
13838  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin fundamentals getting stronger or weaker? on: January 06, 2019, 02:38:53 AM
fundementals
like bitcoins original ethos
    was:
       'own your own funds'
    now:
       custodial
          exchanges
          LN vaults
          sidechain vaults

the notion of custodial exchanges isn't new at all. mt gox was used as a massive online wallet back in 2010-2014. exchanges were exit scamming left and right back in those days. you also know damn well that LN and sidechain contracts do not involve 3rd party custody. Roll Eyes

   was:
       'open barrierless'
    now:
       increased fee's barriers some users
       transaction per block limits
       preference to divert transactions off bitcoin

remind me, when were cheap/free transactions ever part of the design?

hal finney cogently pointed out the scaling shortcomings very early on, though we now know he could have been more imaginative than "bitcoin banks":

Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

   was:
       'electronic cash'(medium of exchange)
    now:
       'store of value'
       other pegged networks/services to handle 'medium of exchange'
       bloated transactions for smart features that are not simple plain 'cash transfer' concept
       preference to divert 'cash' transactions off bitcoin network

was "money". still "money".

1. proof of key - be your own bank....   LN = not your own bank but need to ask someone else to be online and permit the transaction.. LEARN CO-SIGNED addresses .. they are called multisig for a reason
thats not sole party....
then get out of 2016, learn LN 2018. learn factories and then realise that 2nd party has flaws. and so now they are doing 3rd party(factory)
atleast keep yourself uptodate

2. using the "every transactions of the world" argument.
i laugh
im a huge bitcoiner and i havnt needed to touch my FIAT ATM card much since 2012. most my bills are paid using btc direct.
but guess what i dont need to make every product/item i buy appear as a bitcoin transaction even when paying btc

i do laugh at the excuse to push people off the bitcoin network and lock up their funds as the "cant buy coffee"
funnily i can buy coffee and without using my FIAT visa card, by spending my btc without LN and without spamming the network with every spoon of sugar and every drop of milk

and to add to that bitcoin will not be a "one world currency for everyone"
which is th other lame excuse to push people off bitcoin by saying that bitcoin wont work for 7 billion peoples every tin of baked beans so lets not make it work for rational spending of less people

so pull your excuses that bitcoin cant work out ur ass and actually start thinking it doesnt need to perform a transaction per tin of baked beans. instead people just pay for a week of groceries as 1tx
EG if you put 50 items into a grocery shopping cart. and go to the grocery cashier desk...
you dont then make 50 hand-over payments of dimes/pennies per item
you dont then have 50 items on your Visa card statement.

instead you make 1 handover of banknotes
it just shows as a single payment on your visa statement

if i want starbucks i dont need to:
preplan spending habits of 2weeks-2months
lock funds up for 2weeks-2 months with a co-signing partner
hope the co-signing partner is online when i am at starbucks
hope the co-signing partner has funds in his other channel to route on
hope the co-signing partners.. partner is online
hope the co-signing partners.. partner has funds to route on
split funds into multiple channels if a co-signer/routes multiple co-signers cause issues

no wonder the 'fundementals' are becoming weaker
people are over promising and over promoting OTHER NETWORKS as the solution. while trying to say bitcoin cant do x/y/x by over exaggerating rational use
13839  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin fundamentals getting stronger or weaker? on: January 06, 2019, 02:15:34 AM
Segwit adoption near 50%: https://transactionfee.info/charts/payments/segwit ( full SegWit adoption will bring blocks up to 2-4 mb range ?)

even if every address input and output was segwit. it would still be around 2mb
(what devs are not saying loudly, is they want/need the other ~2mb spare average so that they can fit in future bloat features into the weight.. such as confidential payment codes)
but forget weight what really actually matters is transactions per day

what really needs to be pushed is transactions per day ON the bitcoin network.
Visa statistics has people only doing 42~ tx a month = 1.5~ a day.

things like LN are for the NICHE of spammers that want to do more then that. but for average joe who only spend infrequently LN is more hassle than help.
having a ~600k a day implied limit thats been around since a 9 years ago. and no real innovation to allow that limit to expand in 9 years.. has been the big debate for many years.

these 'tweaks' and new tx formats have pushed up the bloat per TX (leading to less lean transactions)
these 'tweaks' and new tx formats have just been a plan to push people off network
all with the false/myths that bitcoin and blockchain will fail to deliver

as for the link indicating segwit is at 50%. its not
some of those spent UTXO's classed as segwit are actually legacy

"A transaction that spends one or more SegWit outputs is considered a SegWit-transaction"
meaning
"A transaction that spends one or more legacy outputs is considered a legacy-transaction" too
yet thats not how the stats rightfully show

its not showing how many segwit outputs. its showing how many transactions that they biasedly describe as a segwit simply because 1 spent UTXO is segwit

....
lets put it into prospective
Bech32: https://p2sh.info/dashboard/db/bech32-statistics?panelId=3&fullscreen&orgId=1  (130k)
P2Wsh: https://p2sh.info/dashboard/db/p2wsh-statistics?panelId=3&fullscreen&orgId=1 (32k)
P2wpk: https://p2sh.info/dashboard/db/p2wpkh-statistics?panelId=3&fullscreen&orgId=1 (100k)

p2sh: https://p2sh.info/dashboard/db/p2sh-statistics?panelId=3&fullscreen&orgId=1 (6.1M)
p2pkh: https://p2sh.info/dashboard/db/pay-to-pubkey-hash-statistics?panelId=3&fullscreen&orgId=1 (42M)

as you can see not many actual addresses are actually segwit based compared to legacy

and going by the all time average of 52m UTXO.. its not even 1% adoption let alone 50%

no wonder the 'fundementals' are becoming weaker
people are over promising and over promoting
13840  Bitcoin / Bitcoin Discussion / Re: Project Genesis - a project to redecentralise Bitcoin on: January 05, 2019, 06:13:05 PM
you dont need a treasury or a central budget
that was the failing of the first foundation.

what you need is a bounty board
where people who want something can list what they want and announce a bounty they will pay
and a kickstarter board
where people willing to do projects can list what they can do and have a kickstarter.

bounties just need to show proof of being capable of funding it (sign a utxo of funds they have) or even escrow funds

kick starters just need to show proof of talent by being able to prove who they are and show a portfolio of projects they already completed and payments only made at set progress points

....
having a central treasury directorship is not decentralised
nor is having a central dev team that end up deciding all decisions

but having just a resource to get independant people to connect and communicate and find eachother to innovate is what a foundations should be.
not in one team or one repo or one mailing list/irc
but where teams can form and make different repos, different implementations. that offer different features for the same network

where there is a simple agreement. dont call each different team an altcoin that has to use another network. but just a diverse separation of teams on the same bitcoin network with no leader/dictator/director
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