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221  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 10, 2023, 01:49:45 PM


But there is still hope...
222  Bitcoin / Bitcoin Discussion / Re: Bitcoin Ordinals Inscription an Avenue for Bitcoin Lightning more Adoption on: May 09, 2023, 04:58:35 PM
Snipped

Are you saying that the whole implementation on the bitcoin layer 2 protocols are nothing but a waste of time, all the bips for this implementation also for nothing? and lastly are we to assume that there have ot been a solution to the bitcoin transaction bulkiness under scalability, lower fee and faster transaction with the introduction of the lightning network? I think there are some ideas or things we take a wrong approach to maybe due to our lack of interest on them or maybe we don't really understand the main idea behind such, but i want to believe bitcoin lightning is good for all and especially in times like this, bitcoiners needed it more.

I agree with this, having used it myself, it sucks. Let me be clear, Lightning Network sucks. Try using it, not just send but receive funds.
Open your channel, or rely on others opening theirs. Put money upfront, oh now that's the limit of things you can transact (or others send to you). Use multiple channels? Hope for the best. Surely nothing could go wrong when you add more points of failure to the process right? RIGHT?

A simple Bitcoin transaction is a thing of beauty. This on the other hand...

Why won't the spam go to L2 instead? Or better yet, elsewhere entirely. How come people using Bitcoin for bitcoin, are suddenly treated second class? "You plebs go L2... we corporate spammers are owners of L1 now."
223  Bitcoin / Bitcoin Discussion / Re: Miners Benefitting from the High Fees? on: May 09, 2023, 04:41:07 PM
Pools (miners) can push cheap transactions when they find blocks. Normally this is can be used to pay the individuals who contributed hashrate to find the block, and there have been pools offering "acceleration service" so if you got one transaction stuck, you can pay them to push it for you. Unfortunately it appears more recently this has been used by some pools for the currently ongoing spam attack.

So while normal people who want to use Bitcoin for actual bitcoin transactions (pay and be paid with) aka: circular economy, have to use outrageous fees, they (spammers) do not, since those pools are collaborating with them.

Now if the high fees were the product of worldwide bitcoin adoption, we would be fine with it. But it being from an external non bitcoin source from an exploit found by the relaxation of consensus rules which opened this vulnerability, and its now being abused in practice sabotaging the use of bitcoin for the masses (which large corporations don't care about) it is naturally causing a commotion in social media.

I have seen people correctly identify the problem and proposing actual solutions, and others clearly not caring about Bitcoin as a project just getting some extra fiat out of this mess (and some even participating in it) while laughing and ridiculing at the misery of others who dared used bitcoin for its original purpose.

If the spam flood means miner benefit at the expense of people being unable to use it for normal coin transactions anymore, one of the key fundamentals will be broken. Contrary to the lies some involved parties in the attack spread, these are NOT real transactions, they make a normal transaction and attach trash to it which is how they found a loophole in the protocol and is currently being exploited.

This loophole wasn't there in the past, which is why people on social media, etc, are addressing the current Bitcoin "core" developers.

Remember that high fees product of real bitcoin adoption is a good thing, but not when its not bitcoin transactions. It is very dangerous instead as it opened the floodgates for all sorts of abuse which we are witnessing right now. From the list of the currently involved, you can clearly see which of those companies were never bitcoiner in the first place, and where their real interests lie. And some are even blatant about it "Bitcoin sucks anyway", "high fees are good", "come to us instead"...

So yeah, interested parties that need Bitcoin success to dwindle down because to them means more profit. Should you support those companies? Check twice who you engage with. Names are being mentioned in connection to this DDoS spam attack... Names that belong to a list of shame.

And doesn't this also benefit some States and their CBDCs? So don't be surprised if some of those powers are behind the attack as well. Some people are saying the timing is too convenient, we are witnessing the USD getting in trouble which could easily pull the other fiats and cause the next economic crisis.
224  Local / Español (Spanish) / Re: Ponzis: Consecuencias más allá del dinero. on: May 09, 2023, 04:06:13 PM
Yo me cansé de ver esas estafas y como la gente sigue cayendo... Es lamentable pero la falta de educación produce mucha ganancia a los estafadores. La India es un destino común del dinero robado, mas no el único.
225  Local / Español (Spanish) / Re: Atascado! no, ¿atascado? si, no confirmado. on: May 09, 2023, 03:14:58 PM
Yo la wallet la tengo ahora con "distancia de" en mempool, que es en mb. Por ejemplo 0.8mb que es mas o menos la mitad de las tasas estimadas a pagar para que no tarde demasiado ni tampoco sea tan caro (al llegar a cero la distancia, la transacción pasa). Pero en estos momentos la situación es mala para mover dinero. Esperemos que mejore, como dicen algunos que están gastando mucho dinero en los ataques a Bitcoin, pero no tengo tanto optimismo porque dependiendo que grupos hay detrás (ej: Estados) esto podría demorar bastante, y recuerden que los atacantes lo que hacen posiblemente es emitir fiat solo para este propósito (lo cual mente alimenta la inflación del dinero fiat, pero a ellos no les importa porque siempre lo han hecho).

Claro a la larga no es sostenible, pero el tema es cuan larga. Un Estado malicioso puede soportar mucho mas tiempo denegando el servicio a los que estan tratando de usar Bitcoin de forma cotidiana, o lo suficiente para manchar su reputación.

Criptonoticias nos muestra esta bonita gráfica de donde viene parte del spam:

226  Local / Español (Spanish) / Re: Atascado! no, ¿atascado? si, no confirmado. on: May 09, 2023, 06:46:11 AM
Se trata de un abuso que encontraron los spammer/atacantes tras la relajación de las reglas de consenso Bitcoin (que permitieron el taproot, segwit, etc). Mas alarmante, en el foro en inglés están hablando del involucramiento de varios pool, donde se están pasando transacciones entre sí, cosa que no les hace perder mucho dinero a ellos pero nos inflan artificialmente el tráfico a los demás.

El spam se trata de basura hecha pasar como transacción, pero cuya carga no tiene nada que ver con bitcoin, y se están proponiendo ideas para combatirlo. Esto NO es censura porque no es discriminar unas transacciones de bitcoin de otras transacciones de bitcoin, es sacar lo que no es bitcoin de Bitcoin *.

Mientras, el fork de LukeJr continúa, al menos nos permite sacar la basura de nuestros nodos, está aquí:

Ordisrespector

* Bitcoin = Proyecto, red. bitcoin = el "efectivo electrónico" producto de dicho proyecto.



Don Pedro Dinero, así es, pero "minero" es pool, y los pool pueden pasar (o intentar pasar) transacciones para su propio beneficio, como cuando alguien paga para "acelerar" una transacción atascada, o lo que se está especulando en estos momentos, empujar el spam a cambio de algún beneficio...



Y en el caso práctico cercano menos mal hice ese impulso a tiempo, en el caso de los pagos de recompensas (pool, premios) Gambling algunos van con esas tarifas, las campañas seguramente empezarán a cuadrar. (!?)

Es en la realidad una situación latente que no siempre " queremos" que sucedan, entonces si suceden por la volatilidad misma del bitcoin nos queda un ATH o una reacción compra/venta.

Técnicamente nos tienen agarrados por las bolas ( si me permiten) y no a la red bitcoin o hodler, esos aguantan es a quienes tienen a bitcoin vivo para el día a día.

Efectivamente, la última vez que viví eso (2018) tuvieron que bajar las recompensas, o la frecuencia de los pagos, o ambos. Mucha gente nunca creyó en Bitcoin ni lo usó como medio de pago, solo para hacer dinero (fiat), esa gente que no vivió hiperinflación que está feliz con sus dólares y euros no les importa Bitcoin, y unos cuantos son grandes mineros (pools) que hasta descaradamente dicen que "la congestión es buena"...
227  Bitcoin / Bitcoin Discussion / Re: Bitcoin is racist on: May 08, 2023, 08:07:08 PM
@franky1

 Cheesy LN, Segwit, ordinal and co: Fake bitcoiners are trying to make this currency to become Woke https://en.wikipedia.org/wiki/Woke
And if you disagree with them, they will call you racist. Wait for LGBT and feminists shouting out you're misogynist if you don't use LN.
Socialists are coming, like refugees are coming in Europe.

I'm moving my wallets back to standards bitcoin addresses

I just noticed. I suppose according the them, the wallet scans your skin and refuses to work if it doesn't match the authorized color... Oh so PoS is supposed to mean Proof of Skin? I see...
228  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the second stage in the path to a central global currency? on: May 08, 2023, 07:44:59 PM
So, on to the second stage in this path. Bitcoin is a complex and brilliant creation. It contains elements of military software, and an appreciation of money supply and usage. I believe that it was created by the bankers to test and develop a digiutal payment service that they could control. It had to be portrayed as an anti-banking projectr in the same way that central banks were promoted initially. Without this, it would have been dead in the water. Thed maximum of 21 million coins, and the 10 minute block generation time, meant that it could never a currency for mass global adoption, and thus could never compete with the proposed global currency. It became a massive succedss, and the bankers saw that it could become a wonderfukl store of wealth as an addition to gold. I beleve they have been buying and storing large blocks of Bitcoin, and they are using these to create volatility in the market. This frightens most people, and leaves them receptive to a government backed central digital currency. It explains the frequent bear spikes in the current price.

Then according to that logic, Dogecoin is perfect, since being a fork of Litecoin it has 2.5 minute blocks and infinite emission. And as a bonus, did not incorporate certain changes that made it to Bitcoin and we now see the consequences...

But i personally do not trust unlimited emission money. This game of regulating the emission is what they bankers and States have done in the last century, and the economy cycles of bubble/burst continue, because that money is trash, to not mention fractional reserve...

Gold is not infinite, but it may be if you explore the universe (or can harness the energy to produce it artificially). Currently it is somewhat limited on Earth, except when they find an undiscovered source like they did in Ghana? but is considered that most sources have been depleted.

With fiat there is no end, and they abuse this power.
229  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fees, Nodes, Ordinals Inscription and way Forward on: May 08, 2023, 07:32:46 PM
Its not necessarily over. They opened the doors for the spam, they can close them again. Of course the market will decide regardless. Spamcoin vs Bitcoin...
230  Bitcoin / Bitcoin Discussion / Re: The severity of the Ordinals Attack is increasing on: May 08, 2023, 07:28:00 PM
The community should work more on preventing heavy data on  Bitcoin Blockchain. Let the Blockchain be used for what it was designed for. They could build something else for the so called ordinals, ontop/within the Bitcoin System/Network

Well at least we have this, time to spread the word:

Ordisrespector

This fork should at least alleviate kicking the spam out of our nodes.
231  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 08, 2023, 07:15:44 PM
Really? Are you exhausted? Then brace yourself:

Ordisrespector

We can run this fork and kick the spam out of our nodes.

Now go organize your "spam rights" protests... Everyone here clearly knows who you defend here, and who you are against. And your lame fw.


In case you don't get it, we don't care about the tx fee, we care about NOT bitcoin tx fees polluting Bitcoin. Go take your memes and uber trash elsewhere.
232  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 08, 2023, 06:44:13 PM
So according to Dune analytics, 60% of the current "transactions" are brc-20. That's only part of the spam...
233  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 08, 2023, 05:21:54 PM
Well, just a reminder that Ordinals publicly demonstrated the exploit, it has not been "just Ordinals" after that, like i said in February, other spammers saw and joined so they are collectively doing something like a DDoS. Indeed most DDoS attacks are time limited (they have to pay to maintain it, after all). But, there is a financial incentive, directly by selling the spam, and indirectly by backers of other projects beyond Bitcoin.

But for how long, and how often?. Nothing can be done about it? I have read comments that it is indeed possible to make it harder for the spammers to continue sabotaging Bitcoin. Consensus needs to be made, of course. That is the point of bringing this issue here in the past 4 months.

Its not 3 people telling devs what to do, but a big mass of people, like its occurring right now across several social media. Keep focused people, the naysayers are reveling themselves for what they are and what they support. Anyone defending the spam is against Bitcoin.

For bitcoin is the electronic cash of the world, not a database of random data for those who can afford it... There are other projects that would serve that purpose better, like Namecoin. Don't take it personally against Ordinals, but point at the spam as a whole, especially this type of spam.

Of course there is a domino effect in fee hike, it used to occur during normal transaction peaks like when some exchange moves funds around their wallets. But now we have this, and the earlier can combine with the current...

Perfect storm brewing? We know there are people very happy with this. Pay close attention to who is who.
234  Bitcoin / Bitcoin Discussion / Re: How long the high transaction fees will last? on: May 08, 2023, 04:47:56 PM
I don't gamble, just pay for food and bills, and yet was indirectly ridiculed by certain "miner" in the dev area. This must be a difficult time for those that tried to adopt bitcoin and go for the circular economy. Our financial freedom is being sabotaged by these spammers.

And no, LN is no solution, it sucks actually, very hard.
235  Bitcoin / Bitcoin Discussion / Re: Why can't regular flash drives store Bitcoin on: May 08, 2023, 04:08:20 PM
Flash memory loses its data after some years... So even if you don't lose the drive, the drive will lose it for you...

This is why you are told to write seed words by hand in a piece of paper, make a copy of that also by hand and store them securely in two physically separated places (in case one place burns down, you still have the other).
236  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fees, Nodes, Ordinals Inscription and way Forward on: May 08, 2023, 02:26:34 PM
Don't forget certain States, like China (anti Bitcoin), who want their yuan replace the dollar as the global fiat of reference, of course they have a CBDC of it too...
237  Bitcoin / Bitcoin Discussion / Re: The severity of the Ordinals Attack is increasing on: May 08, 2023, 02:17:41 PM
Of course, its a repeat of much of what caused Ethereum collapse, since everyone and their dog uses that blockchain for whatever, and some people want the same for Bitcoin. Maybe they want to make money with "bridges", parallel blockchains, altcoins, etc, etc.
238  Bitcoin / Bitcoin Discussion / Re: The severity of the Ordinals Attack is increasing on: May 08, 2023, 01:58:51 PM
Yup, wishful thinking. Maybe it won't technically "last", but it could easily take years until they run out of funds to spam, and that's all they need...
239  Bitcoin / Bitcoin Discussion / Re: foundry is playing a power game screwing with bitcoin on: May 08, 2023, 01:54:24 PM
And this is why you shouldn't be putting all your eggs in the same basket (mining to the biggest pool)...
240  Bitcoin / Bitcoin Discussion / Re: The severity of the Ordinals Attack is increasing on: May 08, 2023, 01:33:01 PM
Like i have been warning since February, this is different because they found a sustainable way to attack Bitcoin. That the spam is actually profitable or not is wishful thinking, once demonstrated there are actors willing to spend money to spam Bitcoin for their own interest in having Bitcoin hurt as a project.

And besides this is how the mempool is looking like now:


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