Again, I hope I'm wrong about this. The world would indeed be a better place if the OP is proven to be correct.
Don't you ever stop because your like a paid motor mouth and must be spend eighteen hours a day here and I am sure you could earn more by joining one of them "Signature campaigns" than your making from the page impressions in the footer of your posts here. You seem to be getting more desperate as bitcoin goes lower so just ask your troll master to pay you in green backs before you end up having a break down. |
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Lots of two line reply's here and what they have in common with each other is they are all running adverts in the footer of
each comment they post to gain page impressions by keep pumping up old and dead posts so I hope you bottom feeders won't mind
me answering the question from the OP.
"Is It advisable to quit my present job for bitcoin?"
Absolutely I would say, the circus is happy to employ anyone that's good at catching falling knifes without
getting hurt too often (the crowd loves a bit of blood really) but hows the "Buy on the dip" doing these days
from when BTC was over $19k because this post is even older than that distant memory.
That's right boys, hit the report button because if you keep this up then something is going have to be done
about you and I am not the only one to complain here.
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So, yes, $400 million is a lot but considering bitcoin's market value is roughly $140 BILLION, it's not actually that much. That's less than 0.3%.
Yes but that only goes to show how unstable the price has become when people look at the fundamentals like transactions per second (A mere 7) and trust in the development team that hit zero when Tx fees reached $55 and those that are on the ball have already realized that the lightning network is just a network of banking hubs. Here is the man to blame for crashing the price but tomorrow they will blame something mumbled from Japan or Korea whist ignoring the obvious elephants in the room. https://www.youtube.com/watch?v=UYHFrf5ci_g |
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If panic selling is done because want to get the price below again, it does not matter because it is also one way to get bigger profits, but for the long term we are more comfortable with holding our bitcoin, because essentially bitcoin price will go back up again .
Do you know the story about IBM and personal computers, maybe AOL and the rise of the internet or just maybe you can remember the dot-CON crash in 2000 but I am sure you don't know nothing about Tulips. Sorry you was saying again mystic meg ? |
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Name calling of fellow gamblers won't go down well here. Thing is many of us have been here a darn site longer then the OP and as software developers we are not just here because of the flashing lights on top of the slot machine and we date back to when "Virtually free transactions fees" was the buzz phrase of the day. We did not change the rules, we were not happy about the development team here being in bed with the miners and the bankers too as fees hit $55 per transaction and we are certainly not all behind the banking hubs in the new lightning network. Maybe the OP needs to ask himself who's the sell out traitor is here and will soon be in singing in tune with those that see "off-block" as being the must have around here unless of course he wants to argue with the lightning white paper that he can find here https://lightning.network/lightning-network-paper.pdfI invite the OP to leave and don't come back ! |
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Compiled C++ results in machine code binaries. Most C++ compilers have been optimized, so if the code is well written then it should run just about as fast as it would if it was written in assembler.
Well C# results in almost the same assembly code as using C++ in windows I am told and I even tried speeding things up using un-safe pointer code but that didn't achieve much of a result so maybe hidden within the COM windows is still using after they told everyone to move over to Dot.Net they kick out to some custom hand crafted machine code. I even played with un-checked (Maloc in C++ i think you call it) but that didn't result in any gains at all so maybe I will crank up VC just out of interest and give that a go not that I can remember much C++ and most of that came from Borlands C++ I think the other part of your answer is spot on the money |
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And no truthfully why should we block Anti Cen ? I know he is a major BCH
No don't block me because lots of my comments like others not of the faith get deleted in this forum (Not many in other forums) and I get regular bans too but all by the moderator here. Me is not a BCH fan, slightly into ETH, likes Ripple even if It has lost me money but I am a big fan of NEO but I don't own coins in that one and all the block-chain clones are heading for the scrap heap because it won't ever scale as implemented by the development team here. I'm just one of them people that will not tolerate nazi censorship and I carry a ban as a badge of honor |
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"How do you convince the people to invest in Bitcoin?"Well you could start by trying to convince people that the development team didn't know how to write code to limit the maximum fees that miners could rip us off for and hope they believe you for a start. Maybe you need to convince people that something that charges both transaction fees and interest (ON YOUR OWN MONEY) is not a bank in the lightning network by renaming them hubs. L@@K just show them this network graph and say that these "Hubs"  are not centralized and that they should buy a new pair of glasses https://lnmainnet.gaben.win/For people that don't get it yet but want too may I recommend this video https://www.youtube.com/watch?v=UYHFrf5ci_gYes people the writing is on the wall, keep ignoring it if you want to.
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whereas now Bitcoin already exists, and very many platforms are adopting blockchain, as well as developing its technology
oh dear, you didn't get the email about "off-block" being better did you ? Please read the lightning white paper because apparently off block chain is the new buzz phrase so please sing in tune with the congregation and don't let the devil teach you that IOTA is ten times faster than Bitcoin and even that's slow by today's standards Lightning White paper is here https://lightning.network/lightning-network-paper.pdf so please turn to page twenty two and sing...... |
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Bitcoin is the first gift of the blockchain technology invented by Satoshi Nakamoto.
Most of the technology comes from Bit-Torrent and you sound like this Satoshi is jesus so thank him the next time you see him for building a system that won't scale, mega high Tx fees and for starting CPU-Wars and for helping to warm up the planet. oh yes, Linked lists (Block chain navigation) was around 40 years ago and we even have double linked lists these days but I admit these cannot walk on water. |
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Other alt-coins have been dragged down by Bitcoin instead of up since the miners were allowed to charge $55 per transaction the other other month and word about this got out to the general public. You don't need a maths degree to plot the fee chart against BTC price to see what crashed the price but you can keep blaming China, Google and anyone else if that suites you. Posts in the developments forum from software developers are being attacked or deleted by the party faithful because they dare to bring up questions regarding the Lightning Network so do read between the lines without making me spell it out and also read the lightning white paper regarding fees which you can find here https://lightning.network/lightning-network-paper.pdf |
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For anyone not fortunate enough to have Anti-Cen on ignore, it should be noted that their reply in this thread blur... blur ... blur
So rude you are and manage together with other party faithful members here to chase people off but not me, I stand my ground and it is clear from you rant that you don't understand or want to understand that a previously agreed transaction state can be broadcast to the network and can be allowed if the users wallet is not on-line. I agree with Kogs myself as is my right to do so. There is a standard mining fee for both opening and closing channels. Sure mate and it can go from $0.10 like we had a year ago or as high as $55 like we witnessed two months ago, all "standard" I am sure You know you have won the debate when the other sides is left with nothing but insults and won't deal with the points raised |
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Apart from keeping Tx fees high what has been done to prevent feedback loops being created by opening three channels (A,B,C) and then getting C to send credit back to A ? Low fees are needed for micro transactions and the danger is that hubs can be setup to attack the big central banks... err.. sorry hubs without the owners (Miners really) knowing about it. Hubs can broadcast the closing of a channel using a previous agreed signature and balance if the users wallet is off-line to steel money as I understand it and if they do then I am sure that these types of attacks will become quite common and who can blame them. Does anyone know any popular services which accept Lightning Network payments? I would like to buy something useful with it.
Jaxx and Exodus wallets will also need to climb on-board and even if they do then you would need a ton of options to compete with the hub/banks since the protocol supports quite a number of switches that will effectively give the big hubs bankers privileges over regular users. I am yet to be convinced that fake BTC won't end up in these ledgers as seems to be the case already with Coinbase pool accounts and I am still waiting for my Bitcoin Gold they owe me which I won't get if this is the case like I suspect and another example suggest that USDT is also creating money from nothing because they won't guarantee that you can convert USDT back to paper fiat $$$ See https://www.youtube.com/watch?v=MwKYbT9MoPE for the full story. |
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My day job relates to databases ..........
Yes, worked on many distributed query's myself and they could make life easier and using digits 3-6 from the public key to sub-divide the data across clustered nodes (replication servers) to provide redundancy. dear oh dear how did we ever write scaleable distributed network apps (DNA) without having to invent CPU-Wars I will never know and now apparently the answer is to go "off-block" so keep doing what your doing and keep an eye on network chatter becoming too big because that's another killer if you don't watch it. |
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So far there is no PoW replacement. PoS has been proven to fail with NXT in the past, it wasn't pretty. We've seen IOTA fail big time as well, so DAG doesn't cut it. Hybrid attempts such as Decred.. no one hasn't even bothered to attack it for real yet.
I don't see realistic reasons for anyone to sell their BTC to get anywhere else.
From what I read DAG does cut it and IOTA has been sorted out and the facts are that Bitcoin does not scale and that ignoring transactions that get lost or stuck. I agree about standing up to attack so far but Lightning hubs can and will get attacked and being a single point of failure I am sure they will be taken down without having to resort to feedback loops if the fees don't prevent these types of attack. "realistic reasons" could also be financial or based on people just not liking banks ! |
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Yes and thanks for the link so I will see if it's not too bloated and run some bench marks on the speed and will report back with my findings. The script assumes you are on Windows.
The script assumes you have Visual Studio 2010, 2013 or 2015 installed in all the usual places. Important: If you have a different installation folder, your mileage may vary
The script assumes you have downloaded an OpenSSL tarball, like this one.
The script assumes you have Python (2.7 or 3.x) installed and on your PATH
The script assumes you have 7-zip installed (doesn't need to be on your PATH)
You need Perl. For Windows, ActivePerl is probably the best choice.
You need Nasm.
Choose the script you want to use and edit it. For example, let's take a look at the top of rebuild_openssl_vs2015.cmd: Me is not going to these lengths, I know nothing about Perl and was expecting a VS C# project to play with so maybe I will have a quick search around and see whats going. The download from David-Reguera went over 200mb and it contains hundreds of HTML files in the vs-2010 folder but no solution file or project folder which is sort of a basic requirement for VS projects that contains fifty C++ Header files alone. I want something that's KISS but gets the job done Back again.Stackoverflow.com are mouth peaces for Microsoft, defenders of the faith like we have here with bitcoins and they won't hear a world said against it's MS pay masters and reading a few posts on SO you get the impression that they discourage any encryption that does not fall back on Microsoft's (un-trusted) black box code so I am not really finding what I am looking for but they are not alone, "The code project" is just as bad too. Come on someone must have a bit of code written for windows that does encryption based on a Key and uses less than a hundred lines of code that's fast enough for the job I want or has it all been scrubbed from the net making my theory quite plausible. This code I wrote offers better security but it's too slow for 2mb blocks public static byte[] Encryption(Privateaddress Keys, byte[] data,bool UsePublicKey)
{
BigInteger encData = 0;
if (data == null) throw new ArgumentNullException("data");
int maxDataLength = (Keys.KeySize / 8) - 6;
if (data.Length > maxDataLength)throw new ArgumentOutOfRangeException("data", string.Format("Maximum data length for the current key size ({0} bits) is {1} bytes (current length: {2} bytes)",Keys.KeySize, maxDataLength, data.Length));
BigInteger numData = GetBig(AddPadding(data));//Add 4 byte padding to the data, and convert to BigInteger struct
BigInteger Exponent = StringToBig(Keys.Exponent);
BigInteger Modulus = StringToBig(Keys.PublicAddress);
BigInteger D = StringToBig(Keys.PrivateAddress);
if (UsePublicKey)
encData = BigInteger.ModPow(numData, D, Modulus);
else
encData = BigInteger.ModPow(numData, Exponent, Modulus);
return encData.ToByteArray();
} Where is that rijndael dude when you want him |
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The inter bank channels have been up for months now https://lnmainnet.gaben.win/Normal wallets won't work with it because you need too many buttons to use all the functionality of the Lightning Protocol that you can read about here https://lightning.network/lightning-network-paper.pdf which give the banks something called bankers privileges and as mentioned here If the other party don't want to cheat on you and close the channel with the latest confirmed transaction, everything is fine.
The problems start if the other party close the channel with an old version of the transaction (where you get less coins than with the latest transaction) and you are offline. In this case you could lose coins..
If you are online and see this, you have the possibility to post a transaction where you can grab the coins of the other party.
Just an example:
Initial channel balance is 1 BTC from you and 1 BTC from the other party.
Then a transaction happens from the other party to you. Say you receive 0.2 BTC.
The current status of the channel (latest confirmed transaction) is 1.2 BTC for you, 0.8 BTC for the other side.
If the other party is closing the channel with the first transaction where he closes it with 1 BTC for him and you don't see it, he would be able to steal you those 0.2 BTC.
If you would be online and you recognize it, you could post a transaction (only then) to get the full 2 BTC from the channel.
This means, there is an incentive that all parties play fair and only post the last confirmed transaction and don't cheat. If someone cheats, and the other party see it, this party could then get the whole balance of the transaction and the cheater get nothing. That's the only reason why the lightning network works without trust on the other party.
https://bitcointalk.org/index.php?topic=3128036.0I won't even start on about single point of failure, centralized, off-block and this is not being a trustless network because you want to "Be your own bank" as they say so chop, chop and jump in boys and don't come back later and say that no one warned you. |
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"Why are you investing in Bitcoin?" You don't put all your eggs in one basket and I also invest in the lottery and spot the ball after I got wiped out on the "Bingo" investment. Already I am taking driving lessons for my Lamborghini in the comfort of my own home using a state of the art x-box ready for when my number comes up because I just know that Bitcoin is going to the moon even if it was so good that no one has gone back in 40 years  |
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Bitcoin could even crash to a few cents, and I'm sure there will be a lot of people around the world that will see that as an opportunity to buy bitcoin, because they believe in it's applications. If bitcoin has use, and people are willing to buy it no matter the price, then bitcoin will never really end.
Did I tell you one one about Tulips or would you prefer to hear the one about Dot-Con tut tut "Buying on the dip" all the way down from $19k and still singing the same old tune ! |
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The bankers have taken over Bitcoin and you knew this when fees jumped to $55 per transaction and they can call
the lightning network hubs what ever they like but since they charge both transaction fees and interest on BTC needed to
finance the other side of the private ledgers then I like many other will prefer to call these hubs banks.
Now the name of the game is to run a "Signature Campaign" where you pay trolls to promote the coin as the
bankers that they now call whales head for the door without creating any panic as they continue to sell.
The death will be slow and long and full of bullshit promises like the Lightning Network (Take it off block) so I want to
see promises from these banks that the maximum running costs charged on a Lightning channel will not exceed $5 a month
because I have heard the one about "Virtually free transaction fees" and we know what happened to that one.
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