Exactly. He is trying to spread FUD and make people use legacy addresses so his team of thieves will be spending less resources to fill the blocks.

Mass spam attack incoming.

Lol. Obtain a non-anonymous user account then let’s battle someday. I will fry you to a crisp son.


Dig deep, otherwise you’ll end up like Carlton Banks in his recent debate with me.

Hash Time Locked Contract (HTLC) payment networks including Lightning Networks and the Layer 2 and 3 technologies have three major problems:

1. They force centralization onto hubs. Those who think this is not true, I can defeat you in a debate even though I will not expend my time on that debate now. Because of this centralization, they destroy the security of both the off-chain transactions, and they weaken the security of the on-chain Nash equilibrium because they create large hubs that hold economic control of the network. Remember as the block reward decreases, Nakamoto proof-of-work looses incentives compatibility to converge on a single longest chain and will fork off into innumerable forks unless there’s a stable oligarchy cooperating. See the Decentralization section of my blog post. This off-chain crap is the antithesis of the utmost priority on the security of the game theory of the chain which is what gives Bitcoin its status as the reserve currency of crypto (and eventually of the world). So there is no way that shit is going to be allowed on Bitcoin. That stuff will end up pushes off on a Core fork or other fork off from Satoshi’s protocol where the $billionaire economic majority will remain steadfast.

2. None of that shit scales because it drives up the need for larger blocks. Yet larger blocks are not a scaling solution (not the in correct mathematical) definition of scalability.

3. The transaction fees will become too high for users to open a payment on channel on-chain (as they will be competing against the hubs who dominate the available MBs per block), thus LN is going to be a fractional reserve system where users open accounts at hubs as they do with exchanges today.

I explained some of this is more detail at the following linked post (including my critique of layer 2 proposals):

https://bitcointalk.org/index.php?topic=4435201.0#msg39666724

I figured out a long time ago that on-chain transaction volume scalability is going to come from an altcoin. And that is what I have been working on. If I successfully mitigate the nothing-at-stake, censorship, liveness, and economic capture vulnerabilities of proof-of-stake, then what I will have is far superior to that off-chain crap. Bitcoin will remain the reserve currency. So I hope you understand I need to STFU and work.

I don’t have enough time to get involved in another long argument. I might not reply even if someone thinks I’m incorrect and even if I possess a correct rebuttal. So take this FWIW to you. I’m don’t claim to be omniscient, yet I’m reasonably well studied/researched on technological, game theory, and political-economics issues of consensus ledgers. I roughly guess that I have more specific knowledge on this than Andreas, but I haven‘t spoken with him nor watched all of his videos.

_{P.S. I’m late to enter this discussion because I was stranded overnight on a two-lane asphalt in the thick of the jungle somewhere in Agusan del Sur with a busted radiator (at 4pm on way back). In the Philippines ever since Duterte was infuriated that some older man with poor eyesight plowed into some teenagers who were probably walking (perhaps even loitering) in the middle of the unlit highway at night (because the government can’t afford streetlights), individuals who are blinded in one eye as I am are unable to receive a driver’s license without a night time driving restriction (or at least not without significant hassles of bribing an optometrist the outcome being up to the whim of the LTO doctor). Seems like rampant discrimination to me. I was told by LTO doctor in Davao to hire a full-time driver. Pfft! Yeah like I need to catch Tuberculosis again (from a driver who has enough money in his pocket to spend at bars with ladies of the night) like I need another hole in my head. So to side-step the restriction, I had to meander some 6 hours drive over to a very isolated provincial Land Transportation Office (LTO) where grease money still works in spite of Duterte’s anti corruption campaign. My year 2003 model SUV is on its last legs. Time to make some money and get a new vehicle and moreover to GTFO out of this backwater place.}

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You can’t possibly be referring to my post, wherein I just wrote that block size increases are not a scaling solution. And I wrote that Satoshi’s protocol will win. I hope you understand that BCH is a fork and is not Satoshi’s protocol. Yet I repeat myself as I already wrote this a couple of days earlier in this thread.

Do you Core supporters have only a one track mind?

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Can you argue with sunspot activity charts and the fact that recently scientists have been able to develop a model of sunspot activity that back tests correctly. It predicts we are entering another Mini-Ice Age. The last one frozen the Thames.

I love how all the B-Cash haters only use insults with a new 4 posts old account. It's unbelivable what is going on in this community. Complete Censorship on reddit for years, Troll accounts everwhere....

I did not say anything about BCH. The topic is clearly segwit.

What the fuck are you talking about...

All right, I'll bite...

What about storing some value on a segwit address is prudent?

My recent point about assassination bounties will be placed (not by little ole me) on Karpelès’ head if he tries to keep $2 billion of the BTC:


Seems to have coincided with a decision to instead give BTC back to creditors instead of the $400 per BTC fiat value at the time of the 2013 Mt. Gox collapse which was the original bankruptcy plan.

This is very bullish for Bitcoin. And the weak hands are capitulating right at the moment when the mood will turn soon very bullish due to the Mt. Gox collapse being resolved in the most equitable way and putting it behind us.

Today the world realized that the dollar is dying. And that BTC is the new international unit-of-account. And that justice will be served up on an assassination platter to whom ever does great harm to humanity.

Gold and tinfoil can’t do those things @realr0ach.

So why can't he touch if? If he stolen it then it means he owns the private keys (well or they, im not sure if it is a group or a one man job). It could also be the usual insider job in which exchanges scam people by claiming a robbery but in reality it's just them getting the money and running.

Most hackers attempt to money launder their millions in order to live a lavish life, this means that they will attempt to sell for $ in unregulated OTC markets. This shouldn't have an impact on the market since the market follows exchange rates and not OTC rates. I just doubt they will hold it all. But even if $31 million were to be dumped in an exchange it would do nothing, it's a tiny amount for Bitcoin nowadays.

Blockchain technology can be trusted. Is it safe ??

$31 million in the hand of hackers.....Bithumb Why?
When will all these crypto hacking Stop for the sake of
mooning?

Observe these walls

https://zycrypto.com/the-largest-dynasties-of-bankers-continue-their-expansion-into-the-cryptocurrency-world/

As you have been since the time you arrived here. So stop peacocking noob, it's just making you look silly.

Potential bottoms?

~7670-7690 is our first.
~6950 is our second.
Then there is the double bottom...

And then... Tera will be in here to tell us all how we were told so...

After seeing this link do you people still not understand how bad of Orwellian garbage cryptocurrency is?

https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-blacklist-remake-crypto/

Like I said 5000 times before, transaction validators are designed to centralize and tokens are non-fungible, making it a permissioned ledger control grid by default.  You'll have an amount of corporations you can count on one hand who all collude with each other that arbitrarily approve or deny every transaction.  If you say something like "I don't think Jews should have a monopoly on the media", or "I don't think Xi Jinping should be president forever", then they will all add you to their shared blacklist and your money is essentially turned off and ceases to exist/confiscated.

And you will deserve it for being an idiot and investing in something that claims to be money yet isn't fungible, has built-in usurious, gatekeeper middlemen, and doesn't remove counterparty risk.  The only thing that solves those problems is physical silver and gold.