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21701  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 02:40:29 PM
Have you considered making fake-shitting in your toilet less attractive? Like maybe charging a higher admission to your toilets? (tho I admit, most people would sell their moms for a chance to sit in a toilet stall & fake-shit, so the price might have to be astronomical...)

it already costs $80 to fill 2000 toilets. which is $0.04c per toilet.. the solution is not to charge $0.08c in the hope a prankster cant afford $160 every 10 minutes.
because that just irritates the other customers..


but allowing for a potential 4000 toilets at $0.04c and hope the prankster cant afford $160 every 10 minutes, doesnt irritate the customers but can cost a prankster more.

infact. with a 2mb+segwit. theres a potential of maybe 8000 toilets. which would cost the prankster $320 every 10 minutes.
21702  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 02:09:09 PM
current bitcoin is like 2000 toilets for whole world

so we have 2000 toilets and everybody needs 10 minutes every day so we can serve 288 000 citizens that's a lot.

but there are spammers who just pay small fee, lock the toilet from inside and climb out to cause inconvenience.

the toilet door automatically opens up every 10 minutes, so the spammer needs to pay the fee and lock the 2000 doors again.
it doesnt take much for someone to recognize the prankster and put him at the back of the line and hope he drops off after waiting 48 hours. after all miners already have code to make no fee payers wait. so noticing 1 prankster trying to bribe the restaurant to lock 2000 toilets in one go is easy to spot.

but im glad you see why people are skeptical about sidechains and using alts, and why people prefer the potential of more indoor toilets

but when you need to go urgently you can use ethereum (shit outside) it's not as secure everyone sees your naked butt but when the you need the capacity and all toilets are full so you take a shit outside.
21703  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 01:53:04 PM
Big blocks is not like large bridge but like building 10 toilets now for everybody. so when you will have 8 kids in the future each one can have its own toilet

translation.
imagining 0.1btc =10 toilets..
in 2013 the restaurant only maintained and allows customers to use 5 of those toilets.. even today some restaurants only allow 2 of the 10 toilets to be used, and some restaurants allow 9-10 toilets to be used. because it takes soo much effort to maintain and clean the toilets every 10 minutes. that miners decide how much effort they put into it. as it can cost them if they waste too much effort and not make profit at the same time.

so now restaurants want to build another 10 toilets.. not to have all 20 toilets used constantly.. but so that if needed and they know they can manage it and make a profit. open up the 11th toilet for regular use.. then months later the 12th toilet.. then months later the 13th toilet..

eg 1.1mb,, 1.2mb,, 1.3mb...
not 0.9mb->1.99mb instantly
21704  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 01:44:32 PM
Think of it as an extra traffic lane on a bridge. Sometimes there's no traffic, and the bridge is empty.
Let's build a bridge 10 times bigger than necessary, because why not?


10 lanes??
where is this 10mb proposal.. oh wait its your doomsday imagination..

try living in todays reality of 2 lane proposal
21705  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 01:40:37 PM

Don't miners have the option of ignoring transactions, for any and all reasons?

Why would they? That's censorship.

they ignore 0 fee transactions already. they can easily ignore someone trying to send a single transaction of 1mb, just by leaving it in the mempool until it gets dropped

do you think miners are going to risk adding 1 transaction to a block that has more processing time then 2000 normal transactions. just for the sake of $2-$80 in fee's, risking the 25btc reward... or ignore the one tx and process other transactions for a less risky 25btc
21706  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 01:38:47 PM
And what, exactly, would motivate these spammers?

agreed and the laughable part.. if a 1mb block was 2000 tx with a 4cent fee ($80 cost per 10 minutes)
then if miners were actually allowing full 2mb, instead of starting off gently at 1.001mb... then a 2mb full block would cost $160.. obviously.

thus bigger blocks cost spammers more.
Don't miners have the option of ignoring transactions, for any and all reasons?

exactly, if miners dont like a transaction it will just sit in the mempool and eventally get dropped as it doesnt fit miners preferential rules.


 
21707  Bitcoin / Bitcoin Discussion / Re: Is it true? Researchers describes a way of hacking BTC private key on: February 14, 2016, 01:24:14 PM
If private key can be hacked, then that will be the end of bitcoin.

Come, hack this address : 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF

vanity addresses are easier to hack compared to totally random addresses..

imagine it. if it only took you half an hour for the owner to gen that address.. it wont take long for someone else to follow the same steps.
some of the flaws of vanity address is that some coders base it from the same starting nonce(not random initially).. so others can follow the same steps.

vanity addresses have more entropy than a brain wallet. but not as much as totally random

That is true, but not that easy. It's not like since it took half an hour to generate an address with for example the first 4 characters predefined, it will take a looooooooooot longer to generate they key for one specific address.

if the original owner of 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF used a dodgy vanitygen that had a nonce that started at 0
then for someone else, they too can use that same program and generate it in the same time.

however
if the original owner of 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF used a good vanitygen that had a nonce that started at RANDOM+X
then for someone else, just to find 1Feex would give for examlple
1FeexGFqW9sb6uQMjJrcV6bAHb8ybZjCrH
1FeexqW9sb6uQMbZjCrHG6bAHbFjJrcV8y
1FeexQMbZjCqW6urH9sbAH8ybFjJrcVG6b
over an hour and a half period. and it would take YEARS (even grand children would be pensioners) by the time they happen upon
1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF

depending ofcourse on how much entropy RANDOM was
21708  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 14, 2016, 01:10:27 PM
here we go again, core fan boys talking of 20mb doomsday because they lost the 2mb doomsday debate. lol

and wait.. spammers will fill blocks up?? um noooo
miners control how full the blocks get not users spamming

 and miners wont rush to 2mb right from the start. they would instead dip their toe in the water at 1.001mb, but not at the 75% trigger, not after the 28day grace period. but after the setting is set and then FURTHER hashpower and nodes are added to the mix to ensure a higher chance that their attempts wont get orphaned.. im estimating even when the setting is activated at 75%.. they will wait until over 90% before they move forward,
21709  Bitcoin / Bitcoin Discussion / Re: Is it true? Researchers describes a way of hacking BTC private key on: February 14, 2016, 12:58:54 PM
If private key can be hacked, then that will be the end of bitcoin.

Come, hack this address : 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF

vanity addresses are easier to hack compared to totally random addresses..

imagine it. if it only took you half an hour for the owner to gen that address.. it wont take long for someone else to follow the same steps.
some of the flaws of vanity address is that some coders base it from the same starting nonce(not random initially).. so others can follow the same steps.

vanity addresses have more entropy than a brain wallet. but not as much as totally random
21710  Bitcoin / Bitcoin Discussion / Re: Is it true? Researchers describes a way of hacking BTC private key on: February 14, 2016, 12:15:29 PM
I also believe is impossible to crack or hack Private Key but, for the sake of curiosity how do most hacker's manage to break into most btc exchange site to steal coins?


Thanks

they dont.. ... often
the admin of the website is usually the culprit who then shifts the blame to someone else to hide his own ill intentions.

that said hackers do hack websites. but sometimes (especially in btc exchanges) its an inside job.

once your inside by either owning the service or hacking. its as simple as 'send to' to move the funds.. its not like you have to brute force the login and then brute force encryption and then brute force private keys.. some sites just need to get passed the login and then the world is your oyster
21711  Bitcoin / Bitcoin Discussion / Re: Is it true? Researchers describes a way of hacking BTC private key on: February 14, 2016, 11:02:52 AM
This is a very poor journalism at the best. I would not bother myself with trusting how it will have any affect on the price, or anything else for that matter.
If bitcoin private keys would to be easily crackable - don't you think someone would take satoshi's coins already ? It's just created to spread FUD , ignore it.

I think it is standard practice to use eye catching sentences in journalism so people get initial interest in reading further. So its not created to spread FUD, but to get as much reads as possible. Pretty standard.

But it surprises me they were able to obtain 18 000  wallet access, seems brain wallets are popular even though everywhere not recommended to use with weak phrasses.

its because once there are millions of people using bitcoin and not everyone is a computer expert, alot of people want something as easy to use or understand as things like paypal.

wrong i know. but thats how the real world works.

some of the novices believe that if there is such thing as a brain wallet it must has some basic security otherwise its useless and not worth offering. so they overly trust that its secure because its available and popular.

its important to learn the fundementals

using the most basic small word sentences of 6 words
EG "using this and you will lose"
1 in 15625000000000000

using the most basic small word sentences of 12 words
"if you are using these words you will be hacked i promise"
1 in 244140625000000000000000000000000

using the standard common longer word sentences of 12 words
"suddenly increasing entropy should multiply security protection against bruteforce related hacking attempts"
1 in 1000000000000000000000000000000000000

using random and uncommon words with no sentence structure of 12 words
"amphibology prosopagnosia umbriferous doryphore breatharian criticaster martlet paludal labarum illywhacker gasconade etui"
1 in 3138428376721000000000000000000000000000000000000000000000000 chance
 

though the 18000 wallets were using far less than 12 words. and not as random and uncommon as they would think..
so 12-20 random/uncommon words is stronger. its important that its not small common words and important that its not a sentence structure/quote.
21712  Bitcoin / Bitcoin Discussion / Re: Is it true? Researchers describes a way of hacking BTC private key on: February 14, 2016, 10:04:22 AM
This is a very poor journalism at the best. I would not bother myself with trusting how it will have any affect on the price, or anything else for that matter.
If bitcoin private keys would to be easily crackable - don't you think someone would take satoshi's coins already ? It's just created to spread FUD , ignore it.

the article was titled:
Quote
Researchers Describe an Easy Way to Crack Bitcoin Brain Wallet Passwords

NOT:
cracking ECDSA based private keys derived from random data.

but geeks know the difference. yet laymen / common folk that are just bitcoin users not computer geeks dont know the difference and will think bitcoin is broken
21713  Bitcoin / Bitcoin Discussion / Re: Is it true? Researchers describes a way of hacking BTC private key on: February 14, 2016, 09:52:32 AM
quote from similar topic due to relevance


I don't see how it's possible to crack such a sophisticated password as what you say you used. You are talking about a 256 bit + password. This password cannot be cracked in any practical amount of time.


a brain wallet is where you choose the words(password).. and most of the time brain wallet users choose between 1-6 common words that are part of a known phrase..

a seed wallet is where 12-20 RANDOM and UNCOMMON words are used.

the article stated
Quote
checked a trillion passwords and recovered 18,000 brain wallets
that is a 0.0000018% success rate.

now although there are 171,000 words in the dictionary. its estimated that only 3500 words are used commonly.

so imagine the password is 1 common word.
thats a 1 in 3500 chance of a hit.

so imagine the password is 2 common words.
thats a 1 in 12,250,000 chance of a hit.(3500 x 3500)

so imagine the password is 3 common words.
thats a 1 in 42,875,000,000 chance of a hit.(12,250,000 x 3500)

som brute forcers know that even in the 3500 common words, some are not used, so they could get the odds down. they also know that when using more than 3 words its more likely that a sentance structure was used (phrase or quote) so they know what words naturally follow grammatical structure and what words dont naturally follow each other in a sentance.

so although the odds of having 12 common words can be upto:
1 in 3379220508056640000000000000000000000000000 chance.
brute forcers can reduce that down to:
1 in 1000000000000000000000000000000000000 chance.
just by employing some grammatical rules to cut down on the variations possible.

which is still extreme for 12 word sentence.. but. its highly important to not use sentances/quotes that follow grammatical rules. it is also important to not use the 3500 common words. that way 12 random non common words can be:
1 in 3138428376721000000000000000000000000000000000000000000000000 chance.

so in short a brain wallet of 3 common words is:
1 in 42875000000 chance

so a seed of 12 random and uncommon words is:
1 in 3138428376721000000000000000000000000000000000000000000000000 chance.
21714  Bitcoin / Bitcoin Discussion / Re: Brain Wallets on: February 14, 2016, 01:28:32 AM

I don't see how it's possible to crack such a sophisticated password as what you say you used. You are talking about a 256 bit + password. This password cannot be cracked in any practical amount of time.


a brain wallet is where you choose the words.. and most of the time brain wallet users choose between 1-6 common words that are part of a known phrase..

a seed wallet is where 12-20 RANDOM and UNCOMMON words are used.

the article stated
Quote
checked a trillion passwords and recovered 18,000 brain wallets
that is a 0.0000018% success rate.

now although there are 171,000 words in the dictionary. its estimated that only 3500 words are used commonly.

so imagine the password is 1 common word.
thats a 1 in 3500 chance of a hit.

so imagine the password is 2 common words.
thats a 1 in 12,250,000 chance of a hit.(3500 x 3500)

so imagine the password is 3 common words.
thats a 1 in 42,875,000,000 chance of a hit.(12,250,000 x 3500)

som brute forcers know that even in the 3500 common words, some are not used, so they could get the odds down. they also know that when using more than 3 words its more likely that a sentance structure was used (phrase or quote) so they know what words naturally follow grammatical structure and what words dont naturally follow each other in a sentance.

so although the odds of having 12 common words can be upto:
1 in 3379220508056640000000000000000000000000000 chance.
brute forcers can reduce that down to:
1 in 1000000000000000000000000000000000000 chance.
just by employing some grammatical rules to cut down on the variations possible.

which is still extreme for 12 word sentence.. but. its highly important to not use sentances/quotes that follow grammatical rules. it is also important to not use the 3500 common words. that way 12 random non common words can be:
1 in 3138428376721000000000000000000000000000000000000000000000000 chance.

so in short a brain wallet of 3 common words is:
1 in 42875000000 chance

so a seed of 12 random and uncommon words is:
1 in 3138428376721000000000000000000000000000000000000000000000000 chance.
21715  Bitcoin / Bitcoin Discussion / Re: How much would you pay per month to run a full node? on: February 14, 2016, 12:32:55 AM
a datacenter with multiple nodes running... seems like a sybil attack

if your going to rely on a third party service to host a node.. you might aswell just use blockchain.info wallets as once you brush away the buzzwords and glossy concepts.. the fundementals are all the same.

infact apart from having the wallet file on (hopefully) separate hard drives.. the data is all the same so no need to have 100 copies of a blockchain in one data center. just need separate wallets
21716  Other / MultiBit / Re: I have a question about the blockchain size... on: February 13, 2016, 11:30:35 PM
I thought classic had lost

No your thinking of Bitcoin XT, it lost the latest one is Bitcoin classic which has a block size of 2mb.

I guess we'll see in the long run who really won Smiley

Now we have the nodes support- Do we need the miner to support it as well?? Do we need to have 75% block mined using classic or (classic + size>1Mb)?

ethically.. people would upgrade their clients first. and miners would monitor things like bitnodes to see if people are prefering 2mb.
then miners will add their flag, ifthey see significant rise in desire of 2mb..

the miners flag which would be monitored on the blockchain (the 750/1000 blocks showing the flag).. (separate vote to bitnodes)

where there would be a 28 day grace period as extra breath if it reached that trigger.. and after the 28 day grace period, miners are still not automatically going to make big blocks until they are sure their attempts wont get orphaned..

as i said all of the scenario above is the ethical way to do it. and so far, thats what seems to be happening.
2 things that may differ is that miners put in their block flag before people are showing a majority of 2mb nodes. and the other thing is once the miner consensus has been reached and the 28 day period is over some miners might stupidly push forward. which could lead to their blocks getting orphaned. which would mess around with merchants who accept minimal confirmations.

its more complicated then that. but i tried to simplify it as possible into logical and real scenarios. and not the dooms day illogical crap some blockstreamers are spouting out
21717  Other / MultiBit / Re: I have a question about the blockchain size... on: February 13, 2016, 11:21:39 PM
I thought classic had lost

No your thinking of Bitcoin XT, it lost the latest one is Bitcoin classic which has a block size of 2mb.

there is also a proposal for ANY client to add in a basic 2mb rule. but blockstream are pretending its impossible for them to implement
21718  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 13, 2016, 01:55:10 PM

Wow , completely off topic, and unrelated to my post. Segwit and CT has absolutely nothing to do with the new micropayment channel I am discussing that dramatically increases capacity. I am seriously concerned for your mental state.

well this topic is for the core fanboys.. to advertise their love for core and their hate for anything not core..
so your "we" i assumed and thought was the royal 'we' of core fanboy trying to promote cores roadmap.
im guessing your talking about some other altcoin that is not bitcoin.

if its related to bitcoin.. meaning your payment channel is LN.. then that also adds bytes to a tx..
if your talking about an altcoin. then i am sorry to confuse you with the core fanboys
21719  Bitcoin / Bitcoin Discussion / Re: Bitcoin round table on: February 13, 2016, 01:46:54 PM
...there is no way to implement those upgrades within 3 days
Sorry that wasn't clear:
What if the block size debate had to be solved in ~3 days or less?    ...implementation is ASAP.
You're asking a very tough question. Nobody in this world can tell you the right solution nor is there a perfect solution. I'd say the only thing that we could decide to do within 3 days (16/02/2016) is a HF to raise the block size. However, I'd say a 1.5MB block size limit with the 'workaround' that Gavin used in order to prevent blocks that take too long to validate. Albeit, this is where thingss becomes tricky. You can't rush a HF and choosing a grace period that is too short could cause a negative effect. Even Garzik said that the minimum grace period should be 3 to 6 months. By this time Segwit would be ready for deployment. One could add a HF as a backup plan if Segwit fails to deliver on time, however the developers are certain that everything will be properly coded and tested in time.


Tl;dr: I'd say that you just can't solve it in '3 days' and especially not right now. If you had asked me this 1 year earlier, then raising the block size limit would be my final answer (most likely).

maybe Bit_happy should have said 7 days..  because i dont think Lauda realises that 1000 blocks is just 7 days..

i said it ages ago 10,000 block trigger(70 days) PLUS X months grace period for the remaining 25% laggers to finally move over seems better than 7days+28
21720  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 13, 2016, 01:27:22 PM
Good thing we have better solutions than simply increasing the blocksize. The blocksize limit is already inspiring innovation to increase capacity without costly tradeoffs and we haven't even seen a fee market event occur yet....


have you actually looked at the data..

signatures =70bytes

changing the flags and other stuff add bytes.. changing the OP_return from 40 to 80 bytes to allow confidential payments.. adds bytes..
thats just 2 examples of the multitude of things that are going to add bytes to the main block.

so dont expect larger capacity for long.. by the time people have seen segwit running for a few months to trust it has no bugs. and then update their clients.. the new features would have bloated up any saving the signatures would have made.

segwit is not a capacity increase. its a diversion of data to allow for more features..
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