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561  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 20, 2017, 02:01:12 PM

The pool where I'm mining monero had a countdown for the HardFork V6 more than a month ago.

Ok that is reasonable then.

For a moment I thought it's some kind of automatic update channel that downloads a "new patch" at the moment of the harfork, which would be extremely centralized.

https://arstechnica.com/information-technology/2017/09/backdoor-malware-planted-in-legitimate-software-updates-to-ccleaner


But I am glad that it's not like that, decentralization is very very important.
562  Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD on: September 20, 2017, 01:58:01 PM

If you want the kind of money that brings you sound sleeping at night, there is no need to sell hype.
Just invest wisely, wait, and shut the fuck up.

I am not hyping anythin, I am just excited that is all. When I see the potential somewhere , especially when only a few others see it too, that is a huge opportunity in my book.

It's like predicting BTC of 5000$ in 2009. That kind of visionary skills. I have the same beliefs about VERI.
563  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: September 20, 2017, 01:54:57 PM
I never said that Dash itself is useless, I am just totally unsatisfied with it's privacy promises.

However it can't be worse than BTC or LTC for that matter, in fact in some aspects it's better. And it's relatively cheap.

So that is some potential value there. If Dash would integrate mandatory privacy like Monero did, then it could easily reach the value of ETH.
564  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2017, 01:51:34 PM
The push by govt organizations for more immigrants literally everywhere in the world is pretty simple.

Existing citizens are working less (and paying less taxes), and thus having less babies. And that long term trajectory doesn't sit well with the welfare states of the world that are getting deeper and deeper into debt.

Simply put, they desperately need more tax payers coming into the system to not only replace the ones dying off, but to breed new ones. Thus opening up the borders.

Remember, the welfare state is one giant Ponzi scam, that requires ever more scam suckers coming in. When that stops, the whole thing collapses.

Except that immigrants don't pay taxes, they either live on welfare or they work illegally.

It's more like a recipe for internal conflict, when the inevitable crash happens, people will not point their fingers at the elites and the banksters and the politicians who really caused this economic crap, they will be too preoccupied with defending themselves and their family from savages pillaging their community. It's a diabolical plan but it's more likely that this is it.
565  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 20, 2017, 01:46:37 PM

You set a block for the new code to run on and any node that is not supporting that version gets ignored by the updated code, all you have to do is get a consensus to upgrade (make the new code the majority fork{if there is one}). As Monero has done this upgrade on a regular schedule all nodes know they must update or be left behind. There is always a possibility of a fork that survives just like ETC or BCC but that is exceptionally small in monero at this time.


So lemme get this straight. They create the new code, put it in a new software, then leave like 1 month for every node to download and verify it.

Then at a pre-coded time the hardfork activates if a majority of nodes signal it by then. So for example if a new hardfork were to come out by Dec, they would release the code in like 1 month, people would have plenty of time to verify that and then signal it if they wish it.


Is that how it goes in Monero? I mean you can't really download and verify the software in 2 min, so I guess that phase was the previous few weeks was it?
566  Bitcoin / Bitcoin Discussion / Re: Is Node Security a Mirage? Given how most people use Closed Source OS on: September 20, 2017, 01:38:05 PM

Wow. You just butchered the statistics here. Cheesy
Those are the stats of OSes reported by the browsers "collected from W3Schools' log-files since 2003", not the Bitcoin nodes.


No it is intersection of correlated samples, while the error margin increases if we mix 2 samples together that are not entirely correlated, since the W3Schools data is a general data it should pretty much be ok to use it.

After all we dont what OS the nodes use there is no way to verify that.


I am sure the amount of Linux users amongst nodes is higher, but it's not higher by a lot. I see people mining on Windows all the time, even in Monero which supposed to be a ultra high-tech currency which didn't have a GUI wallet just now recently so you'd think that only sophisticated console Linux  nerds would use it, but nope, there are plenty of Windows users out there too, which is funny since Monero is the supposed "privacy" currency while Windows 10 is a literal privacy nightmare.
567  Bitcoin / Bitcoin Discussion / Re: Is Node Security a Mirage? Given how most people use Closed Source OS on: September 20, 2017, 01:33:44 PM
OOOPS!

https://arstechnica.com/information-technology/2017/09/backdoor-malware-planted-in-legitimate-software-updates-to-ccleaner

I guess only 2,000,000,000 computers are now potentially compromized due to a small fiasco like this one.

I am sure the Bitcoin network is strong and resilient now is it? ... while all shitty OS-s get compromized day-in day-out by sophisticated hackers.



Well well well, this proves my point more than anything.
568  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 20, 2017, 01:15:59 AM
So whats up with the hard fork, how did it went, and how much time did it took to activate?

The planned protocol update went fine, it took two minutes.

Wow isn't that hasty?

Isn't this supposed to be a decentralized community. I mean sure people might have high agreement rate in a small community but still 2 minutes?

There are always disagreements, in a decentralized community, it would normally take a lot of time until consensus is reached. Is the Monero community not decentralized enough? How many nodes are there?

I see what you did there, LOL

For those that want to see node distribution here is a nice linky. Smiley

https://monerohash.com/nodes-distribution.html


I see, we have 1000+ nodes that is nice for an altcoin other than BTC.

I just don't get how fast it can happen? Did the nodes pre-signal the update? Is that a possibility?

Or did they need to download a new software and restart their node client. I am not exactly sure how the upgrading procedure works. I know for BTC you have to download a new software and replace the old one.

I am just not sure how can that be done in 2 minutes for 1000 nodes.
569  Bitcoin / Bitcoin Discussion / Re: Is Node Security a Mirage? Given how most people use Closed Source OS on: September 20, 2017, 01:12:28 AM


Well if they can hack 51% of the nodes then we are fucked. And if my math skills are right it looks like 94% of the nodes are heavily exposed to this possibility.

Hacking non-mining nodes won't enable a 51% attack, you'd need to hack specifically mining nodes, which is obviously much harder. But some of your concerns are valid, because hacked full nodes can still be used for different attacks, just not as serious as the 51% attack. But I think it's very unrealistic, if there were some major vulnerabilities in popular closed-source OS's, our whole economy would start falling apart. For example, when there was a wave of ransomware attacks, it was mostly old Win XP that were affected, and still it was quite damaging. The other problem is that governments together with software companies could develop backdoors specifically for Bitcoin, but this could start a huge legal issues.

Yes but you need all nodes to verify the integrity of the blockchain. Mining nodes only verify incoming blocks they dont verify already stored blocks.

It's up to a wide and large decentralized node network to ensure that the blockchain is what it meant to be, and that nobody can backwards corrupt it to erase or modify transactions retroactively.

570  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo on: September 20, 2017, 01:09:22 AM
Should be good for a single pump before going to zero and being dead after half a year - like all we see around here. Dev still there or is it abandoned already?

say whut? good times.  Grin

Just ignore them, they are stupid trolls trying to bring down the price.

Coincidentally as soon as the trolls shut up, the price went back up again. What a strange coincidence isn't it?
571  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 20, 2017, 12:35:42 AM


There are indeed rumours of LN activating (market begun pricing this in)

There are also rumours that BTC is going to be worth more in 2 years time than it is now....

Funny thing "value" and "worth" and"price"

Funny thing indeed.


There already is an actual demand for BTC imo - there will be a greater demand -no doubt the price will over shoot -and correct - many times-  markets do what markets do - then  ratchet up to new levels

I don't discount  another retest of recent lows...nor the highs.

Currently still undervalued IMO



Undervalued compared to what. Sure I can say that BTC should be worth 1 million$ given how half of the world could use it in the future, but that is not how markets work.

Markets work on  potential demand, potential as in it is likely that it will happen, not just some fantasy of some greedy traders. Many people say that BTC will have global dominance and replace the USD as reserve currency. I think those goals are foolish to consider, at least in the reasonable future anyway.

So those things are not priced into the market if we assume that most market participants are rational in the long term ,but not in the short.


What should be priced in is the irrational imaginations of nearby effects. And we just had that, either the China FUD will cause irrational panic, or the recent Segwit irrational hype is about to pop.

Either way, I see BTC going south.
572  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 20, 2017, 12:29:21 AM
So whats up with the hard fork, how did it went, and how much time did it took to activate?

The planned protocol update went fine, it took two minutes.

Wow isn't that hasty?

Isn't this supposed to be a decentralized community. I mean sure people might have high agreement rate in a small community but still 2 minutes?

There are always disagreements, in a decentralized community, it would normally take a lot of time until consensus is reached. Is the Monero community not decentralized enough? How many nodes are there?
573  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2017, 10:56:31 PM
I believe BTC is going to go down hard, together with ETH.

Possible 3000$ in my view or even to 2800$.


What is going to spark this supposed additional crash? Didn't we already have a crash?  Sure, I believe that there is always a possibility of a double bottom; however, are you predicting "crash" based on the fact that you sold (or shorted) below $3300 that is going to cause this?  hahahaha   Cheesy Cheesy Cheesy

Good luck with getting your coins back.   Tongue

I'd rather be asking what has caused the latest price rally? And was it justified?

Sure segwit got activated ,but that is not worth 25 billion $, and the lightning stuff is still far away in my view.

It's not that a crash is going to happen in my view, but rather that the unjustified earlier price rally is about to get normalized.

Bitcoin at 2500$ is a decent valuation given it's current status (still many backlog transactions) but it's not worth 5000$ now , no way.




Yes I think by the end of the year it might be 5000 or even 6000$ together with ETH back to 400-500$

But in approx 100 days (+/-) it will be worth $5-6000 ?  Huh 

Guess 100 days changes a lot of "no way"



There are rumors of LN activating by the end of the year, that is what I am basing my assessment on. Plus there an actual demand for BTC could happen if this Chinese ETH ban stuff turns really south, Bitcoin could be a safe haven.
574  Bitcoin / Bitcoin Discussion / Re: Is Node Security a Mirage? Given how most people use Closed Source OS on: September 19, 2017, 10:45:27 PM
You are right, ideally you should be using Linux or any other open source OS to run your full validating node, but even if it's windows... so what? as long as you keep your private keys safe, what can a hacker do to the network of nodes run under windows? they can't access the blocks data and change or whatever, the software is going to continue  working as intended even if the computer is infected. If the person is saving BTC there then that's his problem, not yours. As long as you have your keys safe, you are safe.

I don't see any realistic attacks that could compromise the network because its run on windows. Maybe a coordinated shutdown or something? I don't know. It would need to be some next level crazy shit tho, in order to pull that off in tons of computers at the same time period.

Well if they can hack 51% of the nodes then we are fucked. And if my math skills are right it looks like 94% of the nodes are heavily exposed to this possibility.
575  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency on: September 19, 2017, 10:41:08 PM
I might be sticking around here, who knows I might buy some Dash too, these trolls here almost convinced me.

I'll probably buy an equal amount of Monero and Dash so that I won't have to worry about the fighting between the communities and hedge it out, may the best one win.
576  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2017, 10:38:31 PM
I believe BTC is going to go down hard, together with ETH.

Possible 3000$ in my view or even to 2800$.


What is going to spark this supposed additional crash? Didn't we already have a crash?  Sure, I believe that there is always a possibility of a double bottom; however, are you predicting "crash" based on the fact that you sold (or shorted) below $3300 that is going to cause this?  hahahaha   Cheesy Cheesy Cheesy

Good luck with getting your coins back.   Tongue

I'd rather be asking what has caused the latest price rally? And was it justified?

Sure segwit got activated ,but that is not worth 25 billion $, and the lightning stuff is still far away in my view.

It's not that a crash is going to happen in my view, but rather that the unjustified earlier price rally is about to get normalized.

Bitcoin at 2500$ is a decent valuation given it's current status (still many backlog transactions) but it's not worth 5000$ now , no way.
577  Bitcoin / Bitcoin Discussion / Is Node Security a Mirage? Given how most people use Closed Source OS on: September 19, 2017, 10:28:50 PM
Is the security of the Node network in Bitcoin or for that matter any other altcoin (for other altcoins with low node count it's much worse) a mirage given how most users use closed source OS for mining and node hosting?
  • At the moment we have 9468 operational nodes.
  • According to latest stats only 6% of users use Linux.

This means that only 568 nodes are potentially secure, the other 8900 are very likely to be a smokescreen. 94% of the Nodes are very likely vulnerable to any kind of cyberattack, which is a lot higher than 49% on which the node security relies.


Call me crazy, but I don't regard closed source virus infested crap OS-s viable for any kind financially sensitive project. These closed source OS-s are really a joke, and they are a joke on you guys who are using them not knowing what kind of potential backdoor or malware it could have, and on us, who should have here a secure network of decentralized nodes, but instead of that we are getting fake security.

Any major cyberattack can turn those other 8900 nodes into a botnet at the mercy of some sophisticated hacker group:
* https://arstechnica.com/information-technology/2017/09/backdoor-malware-planted-in-legitimate-software-updates-to-ccleaner
* https://en.wikipedia.org/wiki/Ransomware
* http://thehackernews.com/2017/08/facebook-virus-hacking.html
* https://thehackernews.com/2017/08/chrome-extension-hacking.html
* http://thehackernews.com/2017/08/powerpoint-malware-ms-office.html
* and the list goes on and on and on....


And then it's game over for Bitcoin.
578  Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD on: September 19, 2017, 10:14:52 PM
New video from Reggie: https://www.youtube.com/watch?v=KaEyHmlzg3I

Will update with notes of any interesting contents.

Info:
Initial Beta Launch of Jamaican digital exchange this week.
Small public beta next week or later this week.

Within a couple of weeks:
Limited beta of "the whole shebang" including the dynamic research.

Reggie expects a lot of capital from China to flow into Jamaica once this starts due to China's recent crackdown. -- Not sure I buy into this but I will watch and see.

Mention of opening the VER rental Beta tomorrow. Not sure I heard or understood this correctly.

Oh my God, does that mean the price is about to spice itself up? I can't wait.

I will literally buy the most expensive champaigne in the store and drink it with my wife if it hits 1 ETH  Cheesy
579  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2017, 10:09:54 PM
I believe BTC is going to go down hard, together with ETH.

Possible 3000$ in my view or even to 2800$.

Oh nos dude, that's going down so hard! Will Bitcoin ever recover?  Cry

Yes I think by the end of the year it might be 5000 or even 6000$ together with ETH back to 400-500$
580  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo on: September 19, 2017, 10:02:34 PM
Man these trolls are relentless. I am not even responding to them anymore, they don't deserve my attention, nor anyone else's really, trolls should not be feeded.

I am just saying this ,I haven't sold anything, I am holding strong and I believe in this project just as I did months ago, nothing has changed in my perception about this project.

I can't be manipulated by trolls and fearmongers, I am based on my own research when it comes to investing in tokens.
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