ok, now OP do a list based on those names and how many lines of code they have committed into bitcoins code.
many people write they are 'bitcoin developers' i have even seen a few that simple grammar check documentation to claim they are bitcoin contributors/devs but actually dont do much, if anything
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here you go windfury https://bitcoin.org/en/bitcoin-core/capacity-increasesit was on bitcoin.org heres the link direct https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.htmlto answer the big issue of consensus bypass (core control the network) and can bypass consensus Versionbits (BIP9) is approaching maturity and will allow the Bitcoin network to have multiple in-flight soft-forks. Up until now we’ve had to completely serialize soft-fork work, and also had no real way to handle a soft-fork that was merged in core but rejected by the network. All that is solved in BIP9, which should allow us to pick up the pace of improvements in the network. It looks like versionbits will be ready for use in the next soft-fork performed on the network.
read it multiple times without a core defense cap on. but with a bitcoin consensus/security cap on core are saying they can now change the way the network does things without needing community approval seriously, thinking not validating signature is ok??! seriously thinking one team should be allowed to trojan in(inflight SF) new code without network approval(consensus) is ok!? if anyone says yes to both points then you care nothing about the bitcoin network security and only care that core should be the monarchs shame on you
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You obviously take serious issue with how Bitcoin scripts work. It upsets you that there are Bitcoin scripts that nodes validate to true without verifying a signature. That's an issue you have with the Bitcoin protocol.
read what you said atleast 3 times and actually recognise the flaw in why you think a full node should not care if you think not verifying signatures is cool and fine. then i pitty your lack of care for bitcoin security
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psst hint: It was miners. Core are a dev team, so how could Core instigate something if they definitely couldn't make a block because they aren't even mining? (logic prevails over anything franky1 has ever posted in his life)
lol do you even read code. read bips the august 1st event. was not about block format. the event was about a FLAG. yea bitcoin mining pools could have been running bitcoin v0.10 and making legacy blocks on august 1st.(your failure to understand) but they were threatened with the mandatory consensus bypass that unless they just simply change a version number (not change block format that requires segwit code).. simply change a version number. they would get their blocks rejected yep CODE WRITTEN BY DEVS WOULD KILL OFF BLOCKS it was the mandatory code made by core devs (luke JR and others) that made it that even pools using NON SEGWIT NODES HAD TO (not voluntary) flag a version number to prevent their LEGACY BLOCKS from being rejected then when the CORE CODE misleadingly activated segwit due to the FAKE VOTE induced by the mandatory threat. weeks later would mining pools actually have to run segwit format blocks it wasnt an opt-in. it was a stick this bumper sticker on your car to say your a fan, or get off the core road
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mining will never be an issue
1. when its too expensive to mine. people then buy coin instead of waste money on electric. (this keeps prices relative to mining)
2. even if there was only 1 asic on the network. blocks will still be made.
3. pools dont just switch off instantly. they slowly power down, which then leaves the remaining miners getting a bigger slice of the cake now theres less participants. meaning more profit as its less diluted/shared out
mining is a non issue so dont worry. as long as bitcoin is useful people will mine
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bitcoin is BULL 2016 > 300 2017 > 900 2018 > 5800
what i think the OP should be asking is.. how often to the calves(small bulls) and cubs (small bears) play around up and down the mountains and hills of temporary playtime inbetween
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squatter. so much fail in your statements i think your just twisting things for entertainment
saying that a full node not signature validating deserves a "so what" response. goes to show you dont even understand the concept of being a full validation node.
as for saying one node sends an output to another node.. shows you dont understand what gets transmitted or the whole blockcreation, relay, validation. process
why oh why are soo many of the core defenders so lacking in basic concepts yet keep circling the same social drama play of meandering and bear poking.
squatter you might have better luck joining a kardashian fan club if your just going to follow the same tactics of the other guys. have a nice day
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but anyone the 90% coin hoard is just a theory/scenario/concept question lets take a more recent practical thing to talk about. the merchant puppetry and paid devs by a corporation http://dcg.co/portfolio
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They would be wasting their time and tax payers / investors money. We (Bitcoin community) will just sell our bitcoins when this happens and buy a new Alt coin with similar features and we will continue what we are doing now. The amount of money they would need to do this will bankrupt them, if they continue doing this and the coins will be worthless when people realise what they are doing. let the corporations pump and dump the market. if their only tactic is to pump and dump. we will sell to them for high. let them dump and we buy back at a discount. hoarding 90% does nothing. and once they start handing out a 90% their 90% becomes 89% 88% 87%... all the way down until they are back to zero.. so just being coin holders/pump and dump is meaningless alone. and can make investors alot of profit while they temporarily play with prices. like i said. coin hoarding affects nothing.. its the code and rule changes that matter. which is more about influencing the influencers, merchants and devs
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that article has so main fails in it
~snip~
| | | Thank you Franky1 for the explanation, but at least the article can tell us that BTC and BCH are very different. I also understand that they are different based on the GitHub analysis. furthermore, we will see how people cheat with technology. They are purely doing business not technology development for humanity.
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the github changes stats are meaningless.. the majority of core changes are not for bitcoin network benefit. but to mutate bitcoin for LN network benefit.
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But franky1, Bitcoin is like any other software "experiment" that could fail. It evolves. Plus if "Satosh's Vision" was the goal then would you agree that Bitcoin Cash should be "The Bitcoin"? Do you believe their roadmap to achieve that vision to be technically superior than what the Core developers are doing?
I'm not sure to argue with you but I think you should read this article: https://coinsutra.com/btc-vs-bch-bitcoin-cash/that article has so main fails in it 1. bitcoin cash didnt not cause the bilateral split (consensus bypass on august 1st). even the blockchain data can prove that by looking at the time stamp on the blockchains of which first made the diverting block(split)... (psst hint: it was core.. cash didnt even roll out until hours later. even the segwit fans made a big deal that cash didnt make a block for hours.. so how could cash instigate something if they couldnt even make a block to cause a controversal split(logic prevails over social drama tricks)) also the mandated USAF and the NYA were node shuffling tricks on the core network side.. 2. people like ver are not coders. so thats a funny. you know.. its obvious.. oh wait. lets spell it out. ver didnt code it so how could he cause it.(he is just a social drama PR guy, not a dev) 3. cash is another network, they cant affect the core network so a year later people finger pointing at them .. makes no sense. do people point fingers at clams and worry clams is a threat? the whole kardasian family drama of core vs cash is just a misdirection. just a ploy to not let people see what core actually did and instead of pointing to code proof. the finger pointers just point to the social drama of peoples faces, such as a video screen shot of a guy sticking up his middle finger (wow mega proof of code modification can be found in some pr guys middle finger) to much attention is given to social drama tricks. yet it seems as soon as people talk about code, network protocol changes, all that happens in reply is mud slinging of insults. and more finger point of social drama of if you dont support core f**k off its their software let them control the network(facepalm)
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But franky1, Bitcoin is like any other software "experiment" that could fail. It evolves. Plus if "Satosh's Vision" was the goal then would you agree that Bitcoin Cash should be "The Bitcoin"? Do you believe their roadmap to achieve that vision to be technically superior than what the Core developers are doing?
if you think the only choice option is bitcoin core or bitcoin cash. then your still not seeing the bigger picture. my main gripe is too many people think the only option is cores roadmap or F**k off
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as others have said. start your own blog. do your own youtubes. even find local meetups and build some rep once you have something people can visualise and recognise as words worth hearing in more detail then you can start expanding out.
its useful to start small such as local meetups in your area. and start creating your fanbase that can spread the word
just be sure to not be a sheep follower repeating words already said. try to be mind blowing and putting a novel and mind opening thoughts into people heads. because just repeating the status quo of follow the leader speaches wont get you far. lastly dont get into the trend anal talks of market price.. th market price is temporal. what might be valid today wont be valid tomorrow so, stick to technical and innovation topics that can aspire and inspire people for more than just the day.. then you will gain many fans and requests to be a speaker
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The momentum effect is that if the bitcoin price rises continuously over a week, it may keep growing for the next week. This is a common feature of almost all known asset classes, and we have found that the momentum effect strongly affects the cryptocurrency. We have designed a simple investment strategy in which investors buy Bitcoin only when their price increases by more than 20% from the previous week. This strategy has excellent returns and a very high Sharpe ratio. bad strategy NEVER EVER BUY HIGH seriously only buying AFTER the price has risen by more than 20%!! (facepalm) also the first sentance that bitcoin rises continuously over a week.. (you earn a double facepalm) bitcoin moves in daily and weekly waves of ups and downs. its the yearly rise people notice. 2016 >300 2017 >900 2018 >5800 what the OP is actually proposing is users pay him funds.. he then blows peoples funds to try to cause a spike so that he can sell HIS OWN STASH at tip of spike while then left the people that paid him with the losses when the spike corrects down(going below the buy in price he pushed) .. thats if the OP even intends to give back any returns (as his scheme seems so very dodgy in the first place) OP seems very lacking of economics and dare i say it ethics from what i read
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The project is to provide a peer-to-peer cash system, so one or two entities holding 90% of it won't automatically mean failure. It's still going to work as intended. They're going to have massive influence, if not outright control of the prices, but they'd also have the most to lose -- that may incentivize them to play nice.
For idealists who wish to escape their grasp over the financial system, yes.
So I guess it depends on what the project is for you. Not that I think this scenario will ever happen.
hoarding 90% of coin is hoarding.. inaction.. meaningless. EG has the 2009 stash of coins influenced anything.. nope. as for spending the coin to influence. if it was done just to market crash.. then so be it. once a hoarder spends, they are out. and new people buy coin at discount. so win for the buyer. thats just price drama and not network control. market crashing the price is just temporary drama and not a permanent uncorrectable change but code changes which merchants accept is a uncorrectable change.. the only way a 90% hoarder can influence is to incentivise merchants and devs by paying them bribes to do things a certain way. and pay them privately away from market influence thus not affect the price and keep the merchants and devs interested in changing things. but all in all it circles back to the main change makers. merchants and devs, as they have the ultimate control. pools and users are just followers
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Yes, that is why I mentioned "newly minted coins" - whoever mints them, has the hashpower, and if someone has 51% of it then the situation can be bad. It happened before with one of the pools having more than 51% and nothing bad happened.
all pools can do is decide to include or exclude particular transactions. if they even dared to submit a block that doesnt fit the rules. that block gets rejected in 2 seconds. pools are not rule setters. they are followers. and it doesnt matter how much electric/hashpower they have.. a rule break is a rul break no matter what
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now with all that said... i am not worried about "government". its the corporate elite that are corrupt. EG wall street caused 2007 not government wall street strong armed government for bail out.. the government didnt plan to screw people
(P.S i am not a fan of government but open minded to stand back and see the big picture then step forward to point out the real flaw)
so its corporate/capitalist control thats more of a concern than govrnment (people still drank beer in prohibition, so dont worry about government)
we have seen its corporations that raise fee's and get greedy.
.. it doesnt actually require hoarding most coins to control things. it actually involves controlling people. (merchants and devs) the code acceptance deciders
pools and users are not deciders. they are followers. pools have to make blocks that fit the rules. and the rules(devs) have to fit the needs of the main group that will accept payment and offer products and services(merchants)
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now after showing the math that the IRS could easily accumilate alot of % of hoard. there ar also things like lightning factories, which USERS put in X and as the funder circle around in circled from factory to channel, get spent(user holds less) and settled back to factory with users having less.. and repeat repeat repeat
to a point where general public only hoard 10% left overs the end result is that although alot of coin is now hoarded.. the network CODE has not changed.
the main thing would be the devs changing the CODE to benefit the IRS/LN factory merchants who have most of the spend ability decisions.
EG if 20 main merchants/exchanges said no to a new CODE change. then the code change shouldnt happen. because pools wont use a code that means they cant spend their coins with the top merchants. users wont spend their coins using a code change which doesnt allow them access to merchants.
so what you will find is users and pools usually follow the money and follow the main merchants decision that allows the users/miners to be able to continue using their coins.. there no point accepting code which stops your spending habits. and no point denying code which merchants do adopt, again preventing spending if you oppose the merchants
so the oligarch would get merchants on their side and then get bitcoin code changes implemented that benefit the oligarchy and main merchants
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some think it is not a possibility. but think about it imagine a merchant has $1m. and pays 20% business tax ..... IRS now has $200k imagine the merchant then pays out salaries the 800k goes to staff.. those staff then pay their income tax of 20%(160k)..... IRS now has $360k staff spend the left over $640k to merchants
imagine merchants has $640k. and pays 20% business tax($128k) ..... IRS now has $488k imagine the merchant then pays out salaries the 512k goes to staff.. those staff then pay their income tax of 20%(124k)..... IRS now has $612k staff spend the left over $388k to merchants
repeat repeat
.. now imagine the foolish notion of paying taxes in bitcoin. to give bitcoin to the IRS
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Is Bitcoin still the bitcoin that Satoshi envisioned? Perhaps Satoshi’s Bitcoin concept has indeed succeeded, but unfortunately, the power of capital always not to be underestimated, interfering with and manipulating this market.
bitcoin is not th bitcoin satoshi envisioned any more..(bitcoins ethos and original idea started getting twisted as soon as he left but most notably since 2013-14) when diverse decentralisation became more so central referenced but distributed.. they even emphasised that decentralisation was diminishing by calling themselves the "CORE"(center) team the core devs are now in control and mandate their own roadmap plan. even when the community cant agree core still push their agenda through by bypassing consensus. these team think blockchains are broke and cant scale. yet its their own code that has the limit which they refuse to move(starve your kid so you can eat on another network then blame your kid for not growing) the other network the team desire so much is not a blockchain. its not even locked to only serve bitcoin. its a separate network for multiple coins and bitcoin has been manipulated to fit that network, rather than that network getting manipulated to fit bitcoin things have changed since this team took over in 2013-14. and all it is doing is having them impose restrictions on bitcoin utility while they promote a totally separate network as the future of electronic payments. .. but as you can read by the meandered topic of that teams defence social group. they dont like it if people talk about how bitcoin has changed to suit the corporate roadmap
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