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521  Bitcoin / Bitcoin Discussion / Re: Craig Wright: "You dont need to hold the blockchain. Its ok if only banks do." on: July 04, 2017, 04:15:26 PM
Wow!  What an underappreciated video.  I'm surprised their isn't more discussion in this avenue.

At the same time, he pretends to act as a force against the status quo, claiming Bitcoin is about sovereign money.

One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010.  However, the content did not change between 208 and 1885.  Geographic distribution is as much or more important than overall total nodes.


The only way to guarantee 100% that you are downloading a valid copy of the blockchain is through a full node client as you validate everything while you download. I wouldn't trust any other method because possibility of man in the middle attacks.

That is true, but who needs a full copy of the blockchain that they have personally verified, and why?

To guarantee that you are not using a modified blockchain that could contain some sort of exploit, attack or anything else.

When it comes to money and the idea to digitize it you need as much certainty as possible. Otherwise you might as well stick to fiat.
522  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: July 04, 2017, 03:50:29 PM
With Pacquiao losing to Horn a few days ago, I'm more keen now to bet on Connor and pull a upset. I think its proves that anything is possible and a long shot could won because I think Connor is more of a live dog as the day progresses. As the fight nears, it will sure that a lot of bettors will be picking Connor to win and another boxing shocker.

But you are forgetting that Mayweather made Pacman unable to get anything done just 2 years earlier, and he also made Berto look like an amateur only 1 year ago.

Also Jeff used a lot ugly headbuts and choking. There are rumors of the match being rigged since it was hosted in australia...

I don't see this changing anything in the Mayweather vs Conor odds.
523  Economy / Gambling discussion / Re: Pacquiao VS Horn (Boxing) on: July 04, 2017, 03:21:23 PM
This GAME IS RIGGED!, as everyone watch the game last night or what ever time in your country is for me Many Pacquiao was really the one who won the fight, I'm not saying that Horn was not a good fighter, yes horn was young, lots of stamina, but what he lacks is experience. Pacquiao has more experience was quicker and was smarter on the game, as you can see in the commentators score card you can see that Pacquiao was really in the lead, at first Pacquiao has a slow start but then after like 3 or 4 round he gain his self back and beat out the fk of horn, you can see at between round 8, 9 , or 10 you can see that Horn was really tired and he almost get knocked out but still the judges give him 1 point for that?, That's rigged and also the blood on Pacquiao's face was because of the head but and always holding Pacquioa's head other his arm while punching and also horn is punching when they hug on each other. Is that what you call a clean fight or a clean punch?. The game was fked up, it was in his home town and the judges were probably live in the same home town. The game is rigged and I think that boxing will be over soon. If this continues to happen.

There are a lot of histories about australian boxing bouts being rigged. I can not confirm this or deny it, who knows, it's possible, but I don't think it was as clear as a robbery.

Jeff did a good job, even tho he ruined his point advantage with a lot of headbuts and whatnot.

It's hard to say, it's more like a tie to me.
524  Economy / Gambling discussion / Re: Pacquiao VS Horn (Boxing) on: July 02, 2017, 04:09:29 PM
Well I just watched it, that guy was really hungry for a win as expected, he knew it was his opportunity of a lifetime to pull an epic upset.

Manny had some unlucky accidental head cuts blocking his vision with blood. He almost KO'd Horn in the 8th-9th I dont remember, but Horn was wobbly ready to go out, but showcased amazing recovery and won the remaining rounds. I think it was a 7-5, but it was a close fight, closer than a lot claim. So many headbutts by Horn, and the choking too should have discounted some points. Im not sure if enough to call this a robbery for Pac tho.

Also Horn is delusional to call out Floyd. He would get outboxed.
525  Economy / Gambling discussion / Re: Pacquiao VS Horn (Boxing) on: July 02, 2017, 03:09:35 PM
Oh fuck, I just auto-spoiled myself the fight when I was looking for Floyd Mayweather vs Conor McGregor news in Youtube. I saw that Jeff Horn put an upset win because he mentioned Mayweather in the post fight interview and it showed up in the search list. I just hope to see a good fight now even if I know the outcome. I hate when this happens, this is why I will watch GGG vs Golovkin and Conor vs Mayweather live, because it will be impossible to not get spoiled the very second you open an internet browser.
526  Bitcoin / Bitcoin Discussion / Re: Craig Wright: "You dont need to hold the blockchain. Its ok if only banks do." on: July 02, 2017, 01:12:43 PM
Wow!  What an underappreciated video.  I'm surprised their isn't more discussion in this avenue.

At the same time, he pretends to act as a force against the status quo, claiming Bitcoin is about sovereign money.

One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010.  However, the content did not change between 208 and 1885.  Geographic distribution is as much or more important than overall total nodes.


The only way to guarantee 100% that you are downloading a valid copy of the blockchain is through a full node client as you validate everything while you download. I wouldn't trust any other method because possibility of man in the middle attacks.
527  Bitcoin / Bitcoin Discussion / Re: Is Matonis (W)right ? Analyse this Video and build your Settled View on: July 02, 2017, 01:04:52 PM
https://youtu.be/YAcOnvOVquo

i had to see this twice now but i take a 3 rd view for sure.


2:22 Starts

I see a settled Matonis

I see a nervous Wright

He s getting in rage about scaling and governance

He shows lots of insight and data ( will be distributed by Matonis) from the beginning and code pieces and annekdotes.

Smart contracts, B2B, 0 conf tx,...

He will offer some solutios and let the market decide to choose.

He will run a pool to enforce his solutions.

He answers QA and gives a hint why Satoshi Nakamoto is 'Japanese' and Nakamoto was taken from a Japanese Economist who tried colluding with the Western world.

http://ajaigaur.weebly.com/uploads/6/7/3/7/6737815/delios_gaur__makino_jms_2008.pdf
P.  11 = 179 ??

Finally i can only say these guys know a lot and want to make bitcoin great again.recommendet!

I personally can distinguish beween emotion and calculus. So i m happy to see what comes next and I like to see a proper human discussion from my bitcoin community down here. Take a stepp back, whatch the video 2 times and post analytcally...

Cheers

Edit: I also beleive, if bitcoin should succeed, we have to think big and invite all big to join. Who wants to stay nichy?

I did already analyze Craig Wright's presentation here:

https://bitcointalk.org/index.php?topic=1996746.msg19883337#msg19883337

His claims are inconsistent in my book. Something doesn't add up. Oh and the way he gets mad at a guy asking if he will dump his coins to crash the legacy chain price if there is a hardfork seems like a clear sign of he not having access to these coins, even tho he makes it seem as if he is just mad about asking about a private financial issue, but if you look closer he is just mad because if he doesn't move the coins in a hardfork it's another proof that he isn't satoshi.
528  Bitcoin / Bitcoin Discussion / Craig Wright: "You dont need to hold the blockchain. Its ok if only banks do." on: July 01, 2017, 07:15:34 PM
https://www.youtube.com/watch?v=YAcOnvOVquo&t=2h24m43s

On the latest Craig Wright appearance there are some interesting claims. He says you don't need to hold the blockchain yourself, he attacks full validating nodes, he says it's all meaningless and you don't need it.

At the same time, he pretends to act as a force against the status quo, claiming Bitcoin is about sovereign money.

My question is simple: How can he be against people holding copies of the blockchain and validating their own transactions, which is what gives you the only way to be 100% certain that your money is not being (and i quote his term) manipulated?

Another claim to analyze is that he says the more people use bitcoin, the more censorship resistant it becomes, even if the blockchain is huge, because at that point it's "too big too fail" because everyone is using it. He says there are 75.000 banks on earth, and makes the point of saying "if every bank ran a node, that's 75.000 nodes, so it's safer than now. Also, it's impossible that all banks on earth agree on a particular agenda/are manipulated for the same agenda, so this is not a problem".

There's a lot of claims like these that would require further inspection of the game theory at play because to me it sounds like half asses arguments or at least vague at times.

Also, on the Q&A section when asked "what will you do with your bitcoin if you hardfork? will you dump the coins on legacy chain for the nChain chain?" he snaps and insults the guy. Can you fucking believe it?
I want to actually see what happens if there is a hardfork, because if there is a hardfork and he really believes his model is better AND he is really satoshi, then he will surely dump his million bitcoins to ruin the legacy chain's price? otherwise he is bullshitting and it's another proof he isn't satoshi.
529  Economy / Gambling discussion / Re: Pacquiao VS Horn (Boxing) on: July 01, 2017, 06:01:53 PM
I hope to see a good fight, we need it for the sport of boxing. The Andre Ward vs Sergery Kovalev 2 one was a bit of a letdown with that controversial stoppage. Joshua vs Klitschko put the excitement back in HW division. Now im hoping the GGG Canelo fight makes a great year of boxing. Floyd vs Conor is just an extra and should be fun to see, im intrigued to see what happens.
530  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: July 01, 2017, 04:19:25 PM
10 oz gloves are gonna take away from Conor's precision and power. Mayweathers little rabbit punches aren't gonna do shit to someone who is used to get hammered with 4 oz glove by larger guys. My guess is the only way Conor wins is by KO, I think it will probably go the distance and NV is a boxing state and a very corrupt state(Former NV resident), no matter how good he looks any decision will favor mayweather.

In MMA fighters get in some brutal situations, but there's a reason a lot more people die in boxing fights and no in MMA: If you aren't good in boxing, you are going to get hit in the head a bunch of times during 12 rounds. A TKO ends the fight, but repeated jabbing on the head can really fuck you up long term. In MMA usually if you go down it's game over, in boxing you get the countdowns, some fighters go up again and keep fighting after being KO'd a bunch of times. This repeated brain concussion overtime is what creates these boxers that cannot properly talk, this is why Mayweather is looking fine at 40, he didn't take as much damage.
531  Economy / Gambling discussion / Re: Pacquiao VS Horn (Boxing) on: June 30, 2017, 07:10:20 PM
Regarding this topic the fight between Horn and Manny I think our Filipino pride will still take the win over horn. Yeah Manny Pacquiao maybe already old but he still got the moves. The veteran will still walk away with a huge victory, he will make sure the Horn will learn a lesson after the fight. It is like a student versus its master, Horn is young is I may say that full of potential but he is not the type of fighter that will beat Manny "Pacman" Pacquio. I will go on Manny all rounds and a win with a Technical Knock Out. So guys place your bet on Manny and then thank me later for this tips.

Manny got the enough explosiveness and good conditioning to win, but undefeated fighters always try their best to not get a loss on their record, this is why I think the fight will be interesting. If Jeff is not crazy, he will not try to plan an aggressive fight, he will try to counterattack and get Manny frustrated, but few can achieve that besides Floyd.
532  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: June 30, 2017, 06:18:42 PM
New footage of Mayweather training on the 2 end bag:

https://www.youtube.com/watch?v=S3asM_R_knk

He looks as sharp as ever at age 40 showcasing some cat-like reflexes. I think Conor is pretty much fucked unless moons align and he manages to land a full blown left on Mayweather's head... good luck with that.
533  Economy / Economics / Re: Economics of a hard fork. on: June 30, 2017, 05:36:39 PM

Assuming that with segwit2x we get a hard fork at end of year - and that 80% of miners mine the segwit2x chain. What will happen to the "Bitcoin Core" chain?

I think that all depends on the relative prices of the coins on each chain just after the hard fork.

Scenario 1. Chain with 20% of the miners is also 20% of the price before the split and the chain with 80% of the miners is 80% of the price before the fork.
At this point the miners on the "Bitcoin Core" chain will be in effect getting 1/4 the reward they could if they switched to mining on the other chain. And they will have to keep doing this for about 10 weeks - and they will forgo about $2m in reward. At that point the difficulty would drop by the maximum factor of 4 and so would almost be back to where they were.
So seems unlikely that unless they are very principled all 20% would remain - some would switch to the 80% chain. And the more that switch the longer it would take to get to the difficulty reset.

Scenario 2. Both chains trade at same price.
In this scenario one would get same reward for mining either chain. But after about 2 and a bit weeks the 80% chain would reset difficulty down by 20% and so become more profitable. But if the other chain retained the price parity it would become most profitable after 10 weeks when its difficulty reset.


My thinking is that just after the hardfork there is going to be a lot of people trying to manipulate the relative prices of the 2 chains. And anyone with large holding of bitcoins can do this by sell one vs the other out of their holdings. And it will be the relative price that dictates if any miners mine the 20% chain or not.



The last paragraph is pretty much it. There will be whales trying to crush the enemy chain by dumping their bitcoins... whoever is the bigger whale that manages to cause the biggest damage on the price will win.

So from what i've read, we should be safe in the legacy chain, in case JarzikCoin is forked in october-november, it will get destroyed by legacy chain whales, because we got the biggest whales ready to kick forker ass.
534  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Overinvested - Hold or sell some positions at a loss? on: June 30, 2017, 03:43:37 PM
This is not my recomendation, just my personal experience: I have hodled bags, pretty heavy bags of what could be considered pretty much shitcoins, for 1+years, checking the portfolio daily, and it's pretty much guaranteed that your bag will get a good pump where you can unload.

The only thing you can do is hold or sell at a loss. BTC is the only long term holder, ETH, ETC and LTC mid term, probably you can add XMR too, everything else starts being insane risk tier.
535  Bitcoin / Bitcoin Discussion / "Bigblock hardfork before end of Sept. 2017". Odds say no. on: June 29, 2017, 03:22:13 PM
https://bitbet.us/bet/1343/bigblock-hardfork-before-end-of-sept-2017/

Quote
For the purposes of this bet, "Chain" shall mean any block chain built on the Satoshi genesis block
with unchanged difficulty retargeting and block hashing algorithms to the current bitcoin mainnet.

This bet is that there will be a hard fork to a Chain with larger block sizes before the end of September 2017, AND that the crippled Chain of small blocks never creates any spendable coinbases after the first successful large block on the Bitcoin blockchain is mined.

Specifically, this bet resolves as YES if BOTH of the following are true:

1) there is a Chain that has a block of size strictly over 1 million bytes with at least 100 blocks built on top of it. The timestamp of that 100th block must be before the end of September 2017.

2) no one demonstrates a Chain whose blocks are all 1 million bytes or less, with at least 100 blocks built on top of the block of the same height as the first large block of the Chain in 1), with the timestamp of that that 100th block before the end of September 2017.

If either of the above are False the bet resolves as NO.

For the avoidance of doubt, SegWit adoption or non-adoption shall have no bearing on the outcome of this bet. Further, SegWit's segregated witness data shall not be counted in determining block sizes for the purposes of this bet.

Looks like the money is on No.


62.88 BTC Yes
28.59 BTC No


536  Economy / Gambling discussion / Re: GGG vs Canelo betting thread on: June 29, 2017, 03:18:37 PM
Canelo stood with Mayweather, tho...

How? Mayweather made Canelo look like an amateur and he was the bigger guy. Now with GGG, you have another undefeated boxer and he's way bigger than Canelo. I don't see how Canelo can win this, unless he has improved a lot since the fight that we saw against Mayweather. He has comented that Mayweather's style was extremely annoying to deal with, so maybe he can find some good angles with GGG and fuck him up, but we'll see. It's going to be one of the best fights we've seen lately, im sure of that.
537  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: June 29, 2017, 03:09:52 PM
A nice video comparing the different statistics of both fighters:

https://www.youtube.com/watch?v=orr8JffO7a0

There's more and more hype daily. I can't wait to see what happens.

Mayweather has been boxing undefeated prospects on their early 20's, and they say Mayweather is looking as sharp as always at age 40. If that is the case then I think Conor is fucked unless he gets lucky with a quick KO somehow.

But you should also consider that Conor is a master of playing with the crowd. Does he know he is not going to win versus Floyd? Yes he does. But does he know how to make Floyd look like a loser even if Floyd wins? Yes.

Conor will ridicule Floyd making him look like a person who is scared of real fighting.

All that matters is what happens on the boxing ring in august 26th, everything else is just bullshit. I doubt Conor can ridicule Floyd Mayweather in a boxing ring, no one has been able to do this. Even at age 40, Conor will not be able to do anything against Floyd's masterful technique. Floyd couldn't care less if he would destroyed in an MMA fight, we all know that, this is about boxing.
538  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 29, 2017, 01:40:56 PM
I was considering buying some XMR myself the other day, and I may do it. Who knows if the pump gets triggered by a potential BTC crash due the hardfork FUD of august 1st and whatever.


Of course there's the possibility that with the BTC crash everything goes red including XMR... but XMR has been performing rather well against BTC. Most alts seem to be doing bad and go up against USD mostly.
539  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: June 28, 2017, 10:09:29 PM
Mayweather has been boxing undefeated prospects on their early 20's, and they say Mayweather is looking as sharp as always at age 40. If that is the case then I think Conor is fucked unless he gets lucky with a quick KO somehow.
The hype will continue till the fight and i am waiting for their official media day,it would be real fun,Mayweather is always sharp and full credits goes to his conditioning as he is a clean fighter both in and outside the ring,he might be 40 but he never had any serious concussion with all the fights he had in his life and that is the biggest skill set of Mayweather. I bet Conor wont perform anything like this after the age of 35.

Not only he didn't took much damage, but he has taken care of his diet and doesn't drink alcohol. I think alcohol fucks people up a great deal. Not drinking alcohol and pretty much only water helps in staying conditioned.

Conor claimed to want 2 fights this year, so after the Mayweather fight is done, he will go back to UFC, and in the UFC the fights we want to see are all difficult for him. Be it either a Diaz rematch, a Tony Ferguson, or a Khabib, or even the Woodley fight... these are all thought motherfuckers. I have serious doubts he is going to win any of those fights to be honest, and I know Conor is a badass, but those aren't going to be easy at all. If he hits a loss streak he may retire, since after the Mayweather fight, win or loss, he is set for life with a 9 figure networth.
540  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: June 28, 2017, 04:19:31 PM
A nice video comparing the different statistics of both fighters:

https://www.youtube.com/watch?v=orr8JffO7a0

There's more and more hype daily. I can't wait to see what happens.

Mayweather has been boxing undefeated prospects on their early 20's, and they say Mayweather is looking as sharp as always at age 40. If that is the case then I think Conor is fucked unless he gets lucky with a quick KO somehow.
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