Bitcoin Forum
June 04, 2024, 05:49:07 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 »
141  Bitcoin / Bitcoin Discussion / The Inevitable Consensus Attack on Bitcoin on: August 14, 2019, 02:09:51 AM
1.Bitcoin's vaule is base on consensus.
2.Consensus is reached by all bitcoiners.
3.Mass adoption means so many average Joes will be new bitcoiners in the future.
4.Average Joes are unable,not willing to store and operate their own private keys.They don't even want to learn in the first place.
5.Govts would also educate them that storing your BTC in exchange with some sort of bitlicense is very same as storing BTC all by yourself.
6.That sounds like govt never print fiat more than needed.(Oh they can definately educate people what is need Grin. Deos proper inflaton rate is necessary for good econemy ring a bell?)
7.When most average Joes put BTC in centralised and regulated institutions, govt got the space to manipulate or I'd say tame.
8.At last, new consensus would be built (when average Joes become majority among bitcoiners) that paper BTC in legal exchange is the same as BTC on chain. This consensus would break the 21 million limit so easily without a single line modified in code.(Maybe I should say it already happened since quite a few bitcoiners have chosen the convient way of putting BTC in exchanges.)
9.That is how the god damn govts tamed gold in the past. I don't want this shit happen again on Bitcoin.
10.But since we live on this miserable world, everything we don't want would happen eventually.

How to repel this attack?

BTW:I always think the idea of govts seizing most mining machines then launching 51% attack is so f*cking stupid. Why would they play swords against you when they have an armory consisting from guns to ICBMs at hand?
142  Bitcoin / Bitcoin Discussion / Re: What your family thinks about that you into crypto on: August 14, 2019, 01:33:09 AM
Gambling.

Fortunately none of them claim gambling is a sin.
143  Bitcoin / Bitcoin Discussion / Re: If you could change bitcoin what would you change? on: August 14, 2019, 01:23:45 AM
Destroy those p2pk coins when needed.
144  Bitcoin / Bitcoin Discussion / Re: Will China Accept Bitcoin As A Currency? on: August 12, 2019, 09:04:43 AM
China is one of the most developing country, full of  digital technologies. Their digital economy has expanded rapidly in recent years as because they belive in "look before you leap" proverb. Because of scam, hacking & laundering issue, they banned bitcoin. But that they will Accept Bitcoin As A Currency, after 10years if those issues [I've mentioned above]  are possible to solved somehow
China have the features you mentioned but I believe you guys are not aware of the Chinese governments stance concern Bitcoin because cryptocurrency is not ban or view as illegal properties in China. Besides, their online court was said to recognized cryptocurrency as assets but there are still some restrictions involved.

China is not a country respecting laws made by itself.
That case is meaningless since any high ranking officers in China can inteprete it in the opposite way.

Chinese MFA Spokesperson to Reporter: “Don’t Use the Law as a Shield”
https://www.hrichina.org/en/content/4902
145  Other / Politics & Society / Re: Jeff Epstein DEAD Commits suicide on: August 12, 2019, 02:42:47 AM
Emmmm.Would prefer calling it a suitcide other than suicide.
146  Bitcoin / Bitcoin Discussion / Re: Will China Accept Bitcoin As A Currency? on: August 12, 2019, 02:30:30 AM
China is never a county of Socialism. It is a country of Socialism with Chinese characteristics.
And Socialism with Chinese characteristics is actually bureaucratic capitalism which is the worst  (or second worst maybe) form of capitalism in the world.

China is building its own bitcoin with Chinese characteristics which will definitely dwarf faketoshi and Calvin Ayre's bitcoin SV. Chinese govertment will educate(or any word you want to use) Chinese people that the keypart of Bitcoin is centralisation and the commie party should be the centre naturely(How many idiots would take this BS? The answer is the same number of the idiots who believe Socialism with Chinese characteristics is some Socialism).
147  Other / Politics & Society / Re: WW3 About to start HK/China/U.N on: August 07, 2019, 09:17:31 AM
PRoC was much weaker back in 1989. So no sufficient interfere other than some empty threats.
148  Bitcoin / Bitcoin Discussion / Re: Will China Accept Bitcoin As A Currency? on: August 06, 2019, 03:39:55 PM
Yes and No.

China will accept Bitcoin as a currency eventually. -->Yes
But that accepted Bitcoin would be a Chinese version. -->No
149  Bitcoin / Bitcoin Discussion / Re: China’s Central Bank Prioritizes Development of Digital Currency on: August 06, 2019, 03:33:54 PM
Think of this:
Written in chinese textbooks, the commie party of China always claims that western democracy is fake one, only the democracy under commie party lead being the true democracy in the world.

Thus I won't be supprised that China gov be about to start educating its subjects that decentralized means chaoes and crimes.
So the keypart of the newly issued national digital currency would be that the commie party to be the centre of it.

150  Bitcoin / Bitcoin Discussion / Re: Happy 2nd Anniversary, SEGWIT! on: August 02, 2019, 05:02:03 PM
in my opinion UASF has been the worst thing that has ever been introduced to bitcoin mainly because it is incomplete and the way it has been used (BIP148) is a dangerous thing. basically anything that has a remote chance of splitting bitcoin must be avoided at all costs let alone having a very high chance of it. there is a reason why 95% was chosen, there is a reason why consensus exists and that is why bitcoin is still strong. in 2017 SegWit had ~35% hashrate support while UASF had less than 10% and even less node support but people were still pushing for it disregarding the dangers of it. the fact is SegWit was mainly activated because of SegWit2x not UASF.

when we plant the idea of anybody can split bitcoin without reaching that 95% agreement first, we end up with things such as bcash which consequently were also called "UAHF". if you ask me, if you support UASF then you are also supporting bcash. because that is exactly what they did: they had little support from miners and nodes, a small group of people decided they wanted a different thing and they went that way.

this is the only case where i believe we need to be black and white. we either reach majority support from every one (both miners and nodes) or have no fork at all.

by the way i am not denying the problems that the current mining situation has. specifically about pools having the power to signal anything they want without miners (who are connecting to that pool) having a say in it. but the solution should be solving that problem instead of adding more problems. something like this makes a lot more sense to address than issue: https://github.com/TheBlueMatt/bips/blob/betterhash/bip-XXXX.mediawiki

Well. I never believed those UASF myth forged in some echo chamber.
Someone shouting at dawn never means it is the one who summons the sun.
151  Bitcoin / Bitcoin Discussion / Re: Happy 2nd Anniversary, SEGWIT! on: August 02, 2019, 04:53:07 PM
It is BIP91 which activated segwit.

S2X failed due to lacking true supporters.

What JihadWu and his minions needed was actually no segwit which means he could still spoil on covert asicboost.(S2X was his enemy as well then)
While some other NYA signers actually cared about activation of segwit, giving no shit about 1 or 2 (Both are acceptable for them).

Sometime I even suspected only JGarzik truely supported S2X at that time.
152  Bitcoin / Bitcoin Discussion / Re: Peter Schiff debate. Gold >> Bitcoin on: August 02, 2019, 02:38:12 AM
Sth having real world use means it has physical form which makes it an esaily confiscated target.
153  Other / Off-topic / Re: Chinese Ghost Month on: August 02, 2019, 12:41:58 AM
Those Chinese who invest in or speculate on bitcoin don't give a shit about this tradition.

In other word, those who care these superstitious traditions are too stupid to understand bitcoin.
154  Bitcoin / Bitcoin Discussion / Re: Craig Wright trying to scare people. on: July 24, 2019, 07:54:31 AM
Forging evidences then being busted and never showing evidences are two totally different stories.
Whoever can't distinguish this and keep saying CSW only not showing evidences is either dim wit or trying to play dumb, period.
155  Bitcoin / Bitcoin Discussion / Re: How do you protect your digital coins? on: July 18, 2019, 06:23:16 AM
As time goes by, robbers or other scums would be educated what hardware wallets are.
Then someone having hardware wallet would actually tell others:
Hey this guy must have quite a sum of cryptos just rob/swat/blackmail him!

Hardware wallet just means convienience.
The best way to protect your crypto is that you pretend that you never buy it and fool your neighbors as many as you can.

For key storage, just use some offline wallet then write down the seeds then delete the wallet file.
Write a whole article or even poem basing on those 12 or 24 seed words. Only you can pick them up through hundreds of words in of the article, can't you? Keep the extension elsewhere you like.
156  Bitcoin / Wallet software / Re: does an Android phone wallet exist without the Google Services Framework? on: July 18, 2019, 02:20:14 AM
I can confirm electrum works.
I once used electrum on an offline android phone as a cold wallet and it signs and transfers QR code properly.
And my old phone was flashed a modified LineageOS without gsf.

BTW: Using electrum may not be secure now as most noobs can't use it in a safe way. It is not electrum's fault though.
157  Bitcoin / Armory / Re: Armory wth Bticoin core running as a daemon (under other user) on: July 18, 2019, 01:56:16 AM
According to the log, it seems that your Armory was looking for auth file in /home/frederic/.bitcoin

Note, your satoshi dir is neither /home/frederic/.bitcoin nor /home/bitcoin by default.
There should be a hidden directory .bitcoin under the user(which runs bitcoind) home directory .
And that hidden one should contain the auth file.

So the actual path should be /home/bitcoin/.bitcoin
158  Economy / Speculation / Re: How much do you think the President’s recent comments have hurt bitcoin prices? on: July 15, 2019, 03:29:31 AM
0.

I think NYGA sueing Tether/Bitfinex and the drawing near deadline affect most.
Those alts which ware pumped by usdt most would dump most at this moment.
In the meantime usdt only makes up a relatively smaller percentage of BTC buying so BTC would dump the least.
159  Bitcoin / Bitcoin Discussion / Re: Anthony Pompliano and Peter Schiff to Debate over Bitcoin and Gold on: July 12, 2019, 01:34:19 AM
Well when I see the name Peter Schiff, some word like Gold Maximalist just emerges in my brain.
I think sometime later some points among this debate to fight him would be used by shitcoiners to fight bitcoin maximalist.

My point is bitcoin is a thing causing paradigm shift. We can use the analogy between gold and bitcoin only for convenience. While I never believe bitcoin to be some new gold which actually relegates bitcoin to shitgold (like shitcoin for bitcoin).
160  Bitcoin / Bitcoin Discussion / Re: What gives tether the right to buy our bitcoin?!? on: July 11, 2019, 03:18:43 AM
It is users' consensus which gives it right.

Even idiots' consensus is also a consensus anyway.

Whether bitcoin' consensus is more superior than tether's is just another topic.

Pages: « 1 2 3 4 5 6 7 [8] 9 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!