Bitcoin's developers who are out in the open
You believe Newsweek's story about Satoshi Nakamoto being a befuddled old model train hobbyist in LA? I'm sure you'd rather gossip like a catty bitch about people and personalities, who-likes-who, and who's-fucking-who, but please save that stuff for your Facebook friends. Here, the subject is Dash so we discuss crypto and computer science. Do you know anything about those topics? |
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I'm a long term supporter of Dash and whilst I ceased involvement some time ago for unfortunate reasons I hope the longer standing members of the community know that I still support Dash as a project.
However, the information about Evolution that has been released so far has left me feeling unexcited. There is no meat on the bones. I believe that the dev team are saying that further details will be restricted for a while for reasons of commercial protection which they are quite entitled to do. Unfortunately this doesn't quite add up for me.
I look forward to reading the whitepaper when it is released. As it stands, the information released so far is uncharacteristically vague compared to the innovation announcements that the Dash team have made over previous years. There are perfectly reasonable explanations for this but for the first time in a long time I'm not completely sold on what is going on.
It certainly took you long enough to notice the things that vertoe called " fishy, intransparent and rely on a single entity." But better late than never. As for Evan Scamfield's ostensible "reasons of commercial protection," Nick Szabo already busted that myth, long ago. Anybody who
thinks they can flesh out a protocol in secret and then
deploy it, full-blown and working, is in for a world of
hurt."
[Nick Szabo, 1993-8-23]  |
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Duffield needs to rethink his extreme compound interest node system. The Hobonickel and it's interest were considered kind of sketchy, and it's nowhere near as sketchy as Dash. For coins like the Hobonickel, you got huge interest if nobody staked, but it goes down to like 1% if everyone stakes. The stakers and miners are also all competing for the same pie with no distinction between the two. In Dashcoin, you have tons of people staking, yet everyone appears to be making huge gains. Something doesn't quite add up here.
In the Hobonickel, someone gaining more stake just increased their mining power, but giving people huge compound interest in Dashcoin is completely different because they're constantly manufacturing new Sybil nodes, thus hurting the integrity of the system. I'm not going to pretend any system is fully Sybil resistant, but if people want Sybil nodes, you should at least force them to pay for it in the form of mining expenditure or buying on exchange instead of giving it to them for free.
If you give people compound interest, you should probably be raising the coin requirement for a supernode, but instead, Duffield is talking about lowering it to 500, increasing Sybil count even higher? lol? Is this coin supposed to be some kind of Sybil manufacturing plant?
Consider the implications in extreme cases for the "1/100 chance of receiving a double payment" "Easter egg." If you have 100 masternodes, you always get at least 1 double payment/round. If you only have 1, the variance kills you. It's far easier to go from 100 to 101 (and thus, 100 to 200) masternodes than from 1 to 2 using interest, and the "Easter egg" only compounds that effect. So the richest DashHoles get even richer, faster, depending mostly on how rich they are to begin with. As with the aborted air-drop attempt to correct the insta-mine's maldistribution, the "Easter egg" is yet another gift to otoh the dash whale. It's actually more of quid pro quo, to repay otoh for single-handedly propping up the price of this dying, obsolete scam and getting new pumps going. Like Scientology, this cult is run for the benefit of its High Priest, financiers, and enforcers, not the late-comers. And by late-comer I mean anyone who didn't participate in the first 48 hours of gratuitous instamining. We'd like to attribute this to incompetence, but the preponderance of evidence for malice is overwhelming. |
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PFFT. Amateur flatfoots. ONI or go home. NRO also acceptable...  |
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Thanks to PT and all the other devs who worked to make this happen. This is the first step in the journey towards a truly scalable Bitcoin. CheckLockTimeVerify (and CheckSequenceVerify) provide the basic functions needed to build Lightning-type payment channels and Liquid/CT-type sidechains. https://twitter.com/petertoddbtc/status/657563877123735552https://github.com/bitcoin/bitcoin/pull/6124https://github.com/bitcoin/bitcoin/pull/6351
Final step towards CLTV deployment on mainnet.
I've copied the logic and tests from the previous BIP66 (DERSIG) soft-fork line-by-line for ease of review; any code review applicable to BIP66 should be applicable to BIP65.
Once merged I'll prepare a backport of the soft-fork logic for the v0.10.x branch as well.
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BTC-e is and will always be one of the shadiest exchanges on the planet.
The exchanges sucking up to the Babylonian Bankers are the shadiest on the planet. *Cough* Circle. *Cough* Coinbase. BTC-e reimbursed me when they sort-of got hacked. I've never had a single other problem there, besides the absence of XMR. Be sure to thank the Dash cultists for defending Cryptsy to the hilt...just because most of their scamcoin volume is was there.  "There is also the distinct possibility that Cryptsy has done absolutely nothing wrong at all and these are all completely false allegations." |
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Why not? Offhand mentions of non-existent blue sky mining hardware worked for you. LOL - HashFast failed and is being investigated. I guess you anticipate the same will happen with DASH. It would explain why you're so eager to mislead new buyers by constantly spamming DASH propaganda in every thread imaginable. Those bags getting heavy yet? HF actually made (to spec) the ASIC they said they would make (at TSMC no less). It failed due to external business conditions and litigious scumbags, but not for lack of best effort. DashHole cult leader Mr. Scamfield said Dash would support I2P, masternode blinding, ring signatures, etc. When did that happen? BTC hardware is not relevant here, it's just a distraction being used for the DashHoles' attack-the-attacker cult-defense reaction. |
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This thread deserves a bump.
Because NXT is a scam.
Why is it a scam? an initial distribution to less than 73 people |
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[irresponsible self-pity]
i'm at a loss for words, really. how is it that you can blame Core developers because some entity decided to coordinate a DDOS attack? i understand that it sucks to be DDOSed, but you're not saying anything relevant to the topic at hand. what does you (and your neighbors) getting DDOSed have to do with anything? this is like me getting DDOSed and blaming the Chinese government because i have some idea in my head that they might benefit from disrupting stateside communications. i'm not gonna tell it to your neighbors. your neighbors should tell it to their ISP. it's now Greg Maxwell and Peter Todd's fault that your ISP has insufficient infrastructure to deal with DDOS? and what if Core nodes were the target, not XT? then, it's Gavin and Hearn's fault, right? and therefore XT is the problem, right? i believe that's the logic being used here..... the next time your ISP goes down, are you really gonna keep spinning your wheels about how Core development is centralized? that's one of the most absurd arguments i've ever seen. Yes, "the most absurd arguments [we've] ever seen" are par for the XT course.  tl121's ISP wasn't randomly selected for DDOS. It *ONLY* happened because tl121 asked, and indeed begged, for it. He painted a target on his "rural valley's" back, then went into Quelle Horreur mode when someone decided to rise to his challenge. This fucking n00b thinks he gets to decide the fate of Bitcoin (thereby overruling the existing majority's consensus), yet can't bother to use a VPN? Jesus wept.  |
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if nodes (wholesale) can't withstand a DDOS attack, bitcoin isn't very robust, is it? indeed, there are various optimizations that could and should be implemented to assist in withstanding DDOS. feel free to contribute code to assist.
if nodes can be DDOSed to the extent that overall node health (and decentralization) are threatened, that has fuck-all to do with "centralization of development." it simply means improvements to the protocol need be made.
Tell it to my neighbors. Their Internet service was taken down for several hours. The criminals DDoS'd the entire ISP, not just my node. If my node had been DDoS'd that would have been an annoyance, but I would not have called it a terrorist attack if there had been no collateral damage. I have talked to customers of my ISP who experienced the Internet outage. They know nothing about Bitcoin and are not interested in it. Their experience was collateral damage. Not just Internet service but also telephone service was disrupted because of this criminal attack. People could conceivably have died. Wake up. Grow up. You are surprised that you can't freely attack Bitcoin's ~$4 BILLION socioeconomic consensus without incurring adverse consequences? What a failure of parenting you represent. Please explain to your neighbors the reason their internet was down is that you wanted to play at being some kind of big-shot decision maker, and "bravely" endeavored to use your common ISP as a platform to attack a highly successful experiment-in-progress that is supported by the most technologically advanced (and highly ideological) people on the planet. I'm sure they will appreciate being dragged into your (elective, losing) political battles. "Collateral damage?" Temporary internet outage is not collateral damage. Could you possibly feel any more sorry for yourself, and conceivably use words more emotionally provocative to express your overweening butthurt? Next time, be a good neighbor and consider the consequences of your actions before making your community suffer for your trespasses. At least use a VPN.  |
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and you know what? miners and nodes didn't support his fork. boo hoo. he proved just how decentralized bitcoin development is -- no one controls the code -- and even temporarily garnered some limited support for his fork. but it failed. and the idea that it could achieve 75% hashing power at this point is laughable. if nodes and miners do not support alternative versions, that is not evidence to say that "centralization of development" exists. it only says that unpopular versions are unpopular.
As to miners, the pool that I tried was DDoS'd and had to stop mining BIP101 blocks. As to nodes the XT node that I was running was DDoS'd. I am no longer running a full bitcoin node. Do you believe that how bitcoin works should be controlled by terrorist attacks? Do you support "consensus" based on violence and fear? 99% of people sufficiently privileged to run a full node have never experienced a single moment of "violence and fear" much less a "terrorist attack." Please stop painting yourself with the victimology brush. It's quite unseemly. It is the pinnacle of hilarity that your stupid XT pool/node got hit with tungsten/platinum space rods dropped from orbit. You expected what, a parade in your honor? Glory? Gratitude? Humor is the difference between the expected and the actual. So when you Gavinistas' "brave" attempted defections achieved nothing but anguish, the lulzometer got pegged at max output. You really thought BTC's existing multi-billion-dollar socioeconomic consensus would just let you attack their system without consequences? ZOMG, you are such an idiot. You should sue your teachers and parents for raising a supremely clueless snowflake of unprecedented brittleness. Of course the XT putsch got stomped into the ground. Bitcoin would have failed long ago if a couple of hosers from Sand Hill Road and Ft. Meade could hijack the project. If XT can't survive a bit of UDP funs, it is not anti-fragile and thus unworthy to ascend to Bitcoin's golden throne.  |
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Looks like poor ol Mike didn't get his way in his attempt to stonewall CLTV OH THE GLORIOUS SCHADENFREUDE! The CLTV pull marks the end of the line for the Gavinista putsch. CSV will be its obituary. Let the grave dancing (re)commence! Not only did they fail to remake Bitcoin in the preferred Gmail schema of hearn@sigint.google.mil, they also failed to paralyze the progress of real, orthogonal scaling. It's a total loss for Team Gavincoin, and a stunning victory for Team Satoshi. |
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My original thread ended up moderated into the Altcoins sub, but I'm taking the content to the main forum anyway....
"Libertarian" bitcoiners are beginning to out themselves as XT/101 shills:
Because Libertarians and anarchists would never support a ridiculous, corporatist 1MBcap fee subsidy. That's something for subsidiots. Libertarians tend to be economically literate, and often astutely so. Thus we know better than to indulge in the false efficiencies of larger blocks which shunt their intrinsic externalities off onto node operators. |
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When will Dash support CLTV and CSV? Right after it succeeds where ETH failed? I can't wait for the Duffsplanations of the form 'Dash doesn't need Lightning or Sidechains, Because Masternodes' to begin.... It already has dumbass, look up. Offhand capitalization of the word Quorum and making outlandish blue-sky promises of crypto-unicorns doesn't count. Bacteria have been using quorum sensing for millions of years; Mr. Scamfield didn't invent it, he just made it into a marketing gimmick. When I said "Duffsplanations" I meant the kind of in-depth hand-waving apologetics which he used to Duff-splain away the insta-mine. |
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I feel the most important thing is the community. The technology is good already, and its progress is slow for the reasons we know.
My understanding is that the core part of the community is in it with the proper "Venture Capital" mindset, meaning that they are unaffected of the fluctuations of the exchange rate, and just want to "call to the end". This lessens the risk that all fold at the same time, and even if that happened, the development would just continue as it is not motivated nor dependent on the exchange rate.
Tbh, I think that the risk that Monero would be abandoned is negligible. At the worst, the exchange rate would continue its descent, with the result that the ownership of coins becomes even more concentrated to the strong hands. I don't think extreme concentration is good but we just have to deal with it. I believe the current owners will release a good part of their coins when the price rises the next magnitude.
A number of XMR was already bought by "the company" but it has more powder in the reserve. I have personally spent my best to further CK which is already in a pretty impressive condition including having a functioning ingame exchange for all items. CK is unlikely to have a major impact on the exchange rate in the next 3 months due to the low absolute number of players, but in the next 12 months it is likely to have a significant impact if successful as a game.
Monero is only the vehicle for the next phase of the cypherpunk/crypto-anarchist/radical capitalist/anti-authoritarian r3VOLution. If Monero fails, other means of implementation may be used. But I don't believe it will. The CT modifications are raising expectations and hopes, while diminishing fears of competition from Zerocash. Every passing day contributes additional Lindy effects, and we have secret weapons... |
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It's OK to laugh at BagHolder. Humor is how we cope with most of humanity's overwhelming stupidity and herd instincts. The only "potentials" $10 DashBags had was to sink like the Titanic. As for the 'BTC isn't updated' meme, all I have to say is CLTV.When will Dash support CLTV and CSV? Right after it succeeds where ETH failed? Only in BagHolder's dreams! I can't wait for the Duffsplanations of the form 'Dash doesn't need Lightning or Sidechains, Because Masternodes' to begin.... |
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Yes, how did you guess? Beating dead horses is my favorite pastime! - specially in Dash where holders are encouraged to split their holdings to maximise ROI. The "improvement" in distribution for Dash is probably due to the disaggregation of consolidated holdings into distinct cold wallets in order to collateralise masternodes - nothing to do with 'wealth distribution'.
lol rektThanks for sticking up for facts and logic, toknormal. |
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Dash's "full nodes" cost no more than bitcoin's. i.e. ZERO. Wrong. The only masternode you can trust is the one you run yourself. That costs >$2000. Fuck that noise! Kind of crazy folks are saying the masternodes are centralised though, there's over 3000 of them now and its growing all the time. Of course it is, but you can join the crazy club of masternodders obeying the church of evan for just 2400 usd currently. 30 % of them are at OVH, 17% at Choopa LLC.... No ponders you called them like Kim Kardashians Boutique stores ( http://www.dailymail.co.uk/tvshowbiz/article-3032841/Kourtney-Khloe-Kardashian-lead-celebrations-DASH-store-goes-online.html), With DASH itīs even better, the rich get richer and richer as they rake in the most masternode rewards and can launch new masternodes faster thus owning a bigger percent of the network faster and faster, such decentralziation. Compound intersted is a bankers or dashers wet dream i guess. Effectively you have a proof of stake system in itīs most pervers form ever. And with this switch to a PoS system you also inherited all the problems too... in a PoW system you have a healthy split of powers between miners and investors/users/merchants where both have to cooperate or all will lose, you just got rid of it and investors control everything now. congratulations. What happens if someone confiscated a big amount of BTC or steals them? Yeah really, you are fucked. Letīs not even get into the jurisdical problem running one of those nodes can bring you... The older ones here know your "masternode" concept already. We called them Supernodes back in the day. Even Skype was sooo cool to use them. Gnutella has/had (didnīt study it since years) the same flaws. Anything different than a pure P2P, any model with relaxed rules can and will be used to attack the network more effectively. Randomization is the most important design principle in a fault tolerant p2p network. Some learned it the hard way (Kazaa). Dash's pay-to-play structure is another parallel to Scientology, the first being the attack-the-attacker policy. |
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Kind of crazy folks are saying the masternodes are centralised though, there's over 3000 of them now and its growing all the time. Of course it is, but you can join the crazy club of masternodders obeying the church of evan for just 2400 usd currently. 30 % of them are at OVH, 17% at Choopa LLC.... No ponders you called them like Kim Kardashians Boutique stores ( http://www.dailymail.co.uk/tvshowbiz/article-3032841/Kourtney-Khloe-Kardashian-lead-celebrations-DASH-store-goes-online.html), With DASH itīs even better, the rich get richer and richer as they rake in the most masternode rewards and can launch new masternodes faster thus owning a bigger percent of the network faster and faster, such decentralziation. Compound intersted is a bankers or dashers wet dream i guess. Effectively you have a proof of stake system in itīs most pervers form ever. And with this switch to a PoS system you also inherited all the problems too... in a PoW system you have a healthy split of powers between miners and investors/users/merchants where both have to cooperate or all will lose, you just got rid of it and investors control everything now. congratulations. What happens if someone confiscated a big amount of BTC or steals them? Yeah really, you are fucked. Letīs not even get into the jurisdical problem running one of those nodes can bring you... The older ones here know your "masternode" concept already. We called them Supernodes back in the day. Even Skype was sooo cool to use them. Gnutella has/had (didnīt study it since years) the same flaws. Anything different than a pure P2P, any model with relaxed rules can and will be used to attack the network more effectively. Randomization is the most important design principle in a fault tolerant p2p network. Some learned it the hard way (Kazaa). Well done Sir othe; a most excellent debunking of the cargo cult's decentralization myth and cherished golden donkey fetish. The DashHoles are just making stuff up as they go along. Case in point, unknown to just about everyone, Masternode payments are sometimes doubled at random. There's also an Easter egg in the payment calcs, 1/100 chance of receiving a double payment So much for predictable emission. Can you imagine a legitmate coin like BTC, LTC, or XMR ever pulling crap like that to tempt gamblers?  |
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