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Bitcoin / Bitcoin Discussion / Re: New article published on the history of this forum
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on: May 18, 2023, 09:00:32 AM
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It would be cool if the author has included this information,  Added, thanks. I don't quite get the whole point of the article. What does the author really want to say? Does he/she just want to share that there is such a thing as a Bitcoin forum and that it survived certain hacks and then it has money?
Pretty much. You sometimes hear people casually say that Theymos may have misappropriated the donated funds. The article provides a series of citations and quotes, which put this allegation into context, so that the reader can see what happened.
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Economy / Goods / Re: FOR SALE: Original Satoshi Times 03/01/2009
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on: August 23, 2021, 08:56:02 AM
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So the price is 600 ETH for the NFT and comes with a free original ‘satoshi’ Times newspaper ?
It does not come with the paper, you can send the token back to me to redeem for the paper. You can bid less than 600ETH if you like
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Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT
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on: May 18, 2016, 07:57:29 AM
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You do realize that the people that signed that 'agreement' only represent themselves and nothing more?
Yes what I see happening, assuming that Core does agree to do a 2 MB block size limit for this reason that you've mentioned, is :"We've succeeded in pushing 2 MB blocks, it is time to go further. 4 MB blocks!"
That is why we need to mitigate this risk by taking the action only when Classic looks almost totally defeated, with a 12 month grace period, a 95% activation threshold, in two steps (softfork flagging the hardfork, then the hardfork itself) and only to 2MB or smaller. There is another risk, which is that we avoid doing a hardfork only to avoid the perception that these aggressive inappropriate attack tactics work. Do you really think that with all that was said in /r/btc that most (not all!) of these people have any kind of respect for the current (Core) developers?
The level of stupidity in /r/btc is so severe that I even suspect some small blockist agent provocateurs may be contributing to it.
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Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT
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on: May 18, 2016, 05:49:10 AM
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You've come back to this point several times, and for some reason you seem to really believe that an increase in the physical blocksize limit is actually necessary.
Agreed, its not necessary. It may be a good idea to help keep fees very low for the next few years. I do not particularly care about this issue that much, however I do respect some people who think low fees in the short term is very important. then why make two changes simultaneously? It can happen after segwit
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Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT
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on: May 18, 2016, 02:43:51 AM
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At least some of the Classic/XT advocates did genuinely have Bitcoin’s best interests at heart, we just disagreed with their methods, we need to still respect them.
Exactly who might those be? Hearn, Gavin, maybe Toomin?  I think Garzik is very likely to have his view of the best interests of the system driving his decisions. I would have said the same about Gavin, except after the CW fiasco I have little conviction as to his intentions. I think the best thing would be for him to stop supporting the counterproductive Classic attack for several months and then revaluate. Gaining this victory was vital, it demonstrated the rules of the system are resilient, but at the same time weaknesses were exposed in the process.
One of the fundamental points of Bitcoin is this very resilience. I agree. This resilience does exists to some extent and the more resilient the better. However we must not be drawn into a false sense of security by thinking the system is perfectly resilient in this respect. This is why I think the actions of the developers in the HK agreement was unfortunately necessary and somewhat justified. Giving in to such uneducated fools (if I may say) is not going to help anyone..
This is why we should do it form a position of strength. The Classic node count is down to 15% and the hashrate is around 5.5%. I still think these metrics are too high for a hardfork to 2MB. However if they fall further and Core looks stronger, then I think we should implement a hardfork to 2MB.
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Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT
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on: May 17, 2016, 02:47:27 AM
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Over and over, the concrete evidence shows that the hardfork at all cost push comes largely from shills, conmen, and their victims.
It looks like Classic/XT may be defeated. However, let’s try to be as gracious and respectful as we can in our victory. At least some of the Classic/XT advocates did genuinely have Bitcoin’s best interests at heart, we just disagreed with their methods, we need to still respect them. Gaining this victory was vital, it demonstrated the rules of the system are resilient, but at the same time weaknesses were exposed in the process. We need to recognize that the system is not perfect, it is not totally robust and there was (and still is) a genuine risk of a Classic victory. Therefore it is potentially possible to eliminate an existing protocol rule without strong consensus, in some circumstances. However, hopefully this whole saga has demonstrated that the rules are resilient enough for many practical circumstances. Recognizing this imperfection, I think we should, from a position of strength, be pragmatic, and as a sign of respect for those people who have hopefully been defeated, implement a change in the limit to 2MB, consistent with the HK agreement. It's just that a couple of well meaning dipshits went to China a few months back to learn and educate about the issues and managed to let themselves get locked in a room until 3-4 am until they would personally agree to propose some hardfork after segwit. They're now struggling to accomplish the seemingly impossible task of upholding their agreement (even though it was made under duress and even though f2pool immediately violated it) while obeying their personal convictions and without losing the respect of the technical community.
It is unfortunate that to some it appears as if the miners forced this agreement by duress. I was at the meeting and your criticism is fair in many respects. However, we must accept the reality that Bitcoin is not a perfect system and the agreement did occur, had this not happened then Classic may well have activated by now. I think we need to be pragmatic and to some extent accept the unfortunate reality that the actions of the "dipshits" were necessary.
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Bitcoin / Development & Technical Discussion / Re: I support "Bitcoin Classic" (2MB), if the activation threshold is over 95%
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on: January 17, 2016, 09:12:30 AM
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There's no difference between an activation threshold of 75% (or 51%) and 95% because pro-fork miners can just start rejecting blocks from anti-fork miners to increase the percentage. Miner voting is a stupid concept for hardforks -- it's the economy that matters in a hardfork, not miners.
You are of course correct in that 51% of miners can control all the miner voting. Implementing a hardfork is a difficult process and a variety of things need to be considered. Miner voting should not be considered in isolation. With respect to a one off shift to 2MB, I think there is broad support from users, businesses and miners for this kind of compromise proposal. However given the controversy, particularity the number of developers who do not want to go down this path, there is elevated risk with this hardfork. Therefore I think it is prudent to have a mining activation threshold of 95% or more, in order for me to support the hardfork to 2MB. If miners start orphaning blocks that do not vote their way, many will consider this a serious attack and withdraw support for the hardfork. However, according to Brian Armstrong the threshold is "only at 70% for classic". Source: https://twitter.com/brian_armstrong/status/688428800959332352I consider 70% dangerously low and demonstrates a lack of confidence in consensus by Classic proponents. It is therefore important for users and node operators to continue to rally behind Core, to prevent a potentially dangerous and catastrophic loss of consensus. If Classic adopts a 95% activation threshold, then I may switch to supporting Classic.
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Bitcoin / Development & Technical Discussion / Re: bitcoin "unlimited" seeks review
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on: January 03, 2016, 11:57:39 AM
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The idea is that users would converge on a consensus Schelling point through various communication channels because of the overwhelming economic incentive to do so. The situation in a BU world would be no different than now except that there would be no reliance on Core (or XT) to determine from on high what the options are. BU rejects the idea that it is the job of Core (or XT, or BU) developers to govern policy on consensus or restrict the conveniently available policy options on blocksize.
There is no mechanism to reach consensus about the blocksize limit, with BU all nodes just set there own limits. This does not reduce the potential for debate, arguments or central planning. The community would still need to reach consensus about the blocksize limit in the same way it is trying to now. The core development team could still try to keep the 1MB limit and miners would still need to make a decision to change to accept larger blocks, the only difference would be the debate may be about values to set in the client, rather than which client to use, which is effectively no significant change from the current status quo. If we want nodes to dynamically set a blocksize limit, in a way determined by the market, we should use a proposal like BIP100. BIP100 actually allows miners to dynamically set a blocksize limit and agree with each other on a new limit, BU has no system to enable nodes to agree on the limit.
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Bitcoin / Development & Technical Discussion / Re: bitcoin "unlimited" seeks review
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on: January 03, 2016, 11:55:17 AM
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In the interest of this "review", I will point out a point commonly not understood by those new to BU:
BU follows the longest chain.
BU does not always follow the longest chain. In general BU operates in the same way as in Core, BU nodes follow the longest valid chain. There is a slight difference with respect to the blocksize issue. It is possible BU nodes will follow the longest chain, where the blocksizes are arbitrarily large, but only under certain limited unusual conditions. There is an “N depth” idea in BU, where nodes switch from regarding one chain as valid to another chain, if the chain with larger blocks has a lead of N blocks. The default value of N is 4 and N could be manually set to any number, including infinity, when BU nodes will never switch to the longest chain. Only if N is manually changed to 1, does BU follow the longest chain with respect to any blocksize. Therefore the claim that BU always follows the longest chain is false.
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