With regards to zero confirmation spending. That is stretching credibility a bit. Even the name of it says it all zero confirmations means there is zero confirmation. I don't remember that ever being a thing. I always thought you need about 6 confirmations to consider it safe?
Dash has a great solution, as usual. With Dash 'instant send' a quorum of masternodes accept the transaction and instantly lock it. No double spend can then happen. Shortly afterwards the confirmation goes through into the blockchain the normal way. Just another example of how Dash already solved all these problems ages ago and the power of the tier of masternodes.
FFS - if you're going to shill an altcoin here, at least pick a respectable one. |
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Good protocol is a simple and easy protocol Good code has minimum complexity. Complexity is coder's cancer! KISS Good devs are reducing complexity and are champs in refactoring and in communicating these. Good devs build a social atmosphere of shared code, they are happy to invite other devs to build things - best on top of simple protocol / code bases. I m very convinced from that what I see - BCH is the way to go.  A good carriage is a simple and easy carriage, with minimum complexity. Complexity is a carriage builder's cancer! Horse-drawn carriages are the way to go. The horseless carriage obviously has no future. It's much too complex. Besides, if we need more speed, we can just keep adding more horses! |
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I am imagining this is what jbreher meant by "bcash has 0 confirmation transactions".
Hmm. I don't remember saying anything of the sort. I do remember confirming your suspicion that zero conf were once again usable under BCH. But that's a horse of a different color. I mean, any crypto "has 0 confirmation transactions". Many cryptos, however, make them less than usable. Bitcoin Segwit, for example, goes above and beyond to eliminate the possibility with RBF. LN makes 0 conf moot for Bitcoin though. the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much".
Ouch. I expect more from you, infofront. Zeroconf is not built atop 'trust Wu, Ver and Wright'. It is built atop 'we don't have overwhelming tx backlog that makes doublespends hard to detect'. You mostly have to trust Wright's research, and the mining operations of Wu and Ver. |
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For Earth Day I lit a candle in front of my Karl Marx statue and repeated the planks of the communist manifesto.
Community, Equality, Tyranny my fellow citizens.
Thanks Hairy |
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Someone give this man a sMerit.^
You're too kind  So it was all a ponzi after all?
Yeah - only those of use who got in under $1 million per BTC are going to make any money. |
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No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.
Yet it did. Work, that is. Hmm. Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions. ...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.  Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much". The argument was specifically as it related to the whitepaper, not what was said later on. ...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience. If you're going to look to the whitepaper as the Word of God, then you can't ignore the New Testament. And I don't give a fuck who's using SPV wallets. |
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No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.
Yet it did. Work, that is. Hmm. Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions. ...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke. Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much". |
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No lambo?  |
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 I don't get it. Such cryptic |
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I love Bitcoin, every time I sell some the price shoots up a few weeks later  Thanks for taking one for the team.... Karhu was pleased with his sacrifice. |
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Without looking at any charts, it seems to me like a replay of last Spring. In April we had BTC gains followed by a huge altcoin pump. In May it looked like "t3h flippening" was imminent.
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He's not looking for sympathy. Some assholes think it appropriate to insert in every page a post about a coin that isn't the one true original bitcoin. The one that is linked in the whitepaper to bitcoin.org. And of course, this forum is bitcointalk.org NOT bitcoincashtalk.org
To jbreher's credit, it was someone else bringing up his stance on bcash. He hasn't mentioned it much on his own lately. |
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So really all I know is that they intended to "scale" by increasing the blocksize. ... Has anything changed? Are they proposing realistic alternatives to lightning for scaling? Are there new developments that I should be aware of?
0 confirmation transactions. No, seriously - that's the amazing and innovative feature bcash has implemented to try to compete with lightning. For the time being, mostly blocksize. As blocksize is all that is needed at this stage.
The BCH community, however, did demonstrate conclusively that:
- generic home computer HW on consumer broadband running bitcoind can handle ~100 tx/s
- above ~100 tx/s there is still plenty of CPU BW
- a fix to bitcoind's naive threading model increases performance
- bitcoind with fixed threading on same HW & net can handle ~500 tx/s
The BCH community is doing the work of re-enabling a host of opcodes that were thrown overboard years ago before any real analysis was performed upon them. Oh, I guess that's not scaling.
Of course, it was that same community (though pre-fork) that first implemented Xthin, which reduces network bandwidth consumption by nearly 2x.
There is discussion of adopting Lightning. Not much traction for that. There's orders of magnitude that can be gained by a simple blocksize change first.
CPU overhead was never too much of an issue. Network bandwidth and storage capacity are the larger problems. If big blocks are the answer, lets see the large scale experiments with 1GB blocks operating on testnet with hundreds or thousands of simultaneous users conducting enough transactions to fill the blocks to near capacity. |
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Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.
Fuck off this thread is for BTC Yes I hold byteball. The tech is very interesting, but the distribution has been botched. I'm hodling for now though. FYI he's the thread starter or the OP and the moderator here. So watch your word. Maybe deleted this reply later. Very tempted to delete! Anyway, this thread devolves into altcoin conversation on occasion, especially in regards to the forks and airdrops. |
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Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.
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Global warming? Global warming!
Did you know that spiders don't breathe? They don't have lungs. Instead oxygen simply seeps into holes in their bodies. And as we all know, the atmosphere was denser in older times - denser atmosphere, more co2, more oxygen, bigger bugs. Also dinosaurs. There were dragonflies so big they could have eaten humans, if we had existed back then.
co2 is not a pollutant. On the contrary, it is plant food. Plants take in co2 from the atmosphere and excrete o2, oxygen, the thing we need to live. You may have heard of it. It is the very foundation of the entire food chain.
More co2 means more plants means more oxygen means more animals means more life. It is a Good Thing. In addition, warmer weather is better than colder weather. More people freeze to death than die from heat. So go on, burn some oil. Do your part to improve the world.
I like the "waste energy" lifestyle, but only so that governments will get forced by the loud plebs to dump money into researching abundant energy. Need more incomprehensible future tech today. Hate the warm weather though, fortunately ACs are a thing. Take a trip to Denmark in the winter. Learn to love heat. I have spent two months southwards just to not be cold this year. Might make it a habit. I lived in Thailand for around a year, also spent some time in the Middle East. I can deal with the heat, but if I given a choice I'd go with cold weather over hot weather every time. It's just more convenient to have the option of putting on more clothes to negate the effects of weather, which is impossible in extreme heat while outside. Ideally I'd prefer something around 16 to 20 Celsius though. I live in the northern US, so I'm accustomed to cold temperatures. I thought I would be adventurous for one vacation and rented a little bamboo house in a rural area of the Philippines. In the middle of the summer there. With 110°F+ near-record high temperatures and 100% humidity. I'll take the cold over that shit any day. |
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The 4 orange letters seem to spell BICH
yeap another 2000 points (so far) bull run on BitCH/BTC pair. Congrats to jbreher. |
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I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.
I dunno... you look kinda ... Beijoran Bajoran to me. Or something. Not that there's anything wrong with that. FTFY *Star Trek NerdFair 'nuf. (But... spelling aside, dontchathinkso?) There are some things I can't let go.  |
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I never thought I'd be mining Monero again after 2015. I was delighted to switch all my ETH miners over a week or so ago.
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