Bitcoin Forum
May 09, 2024, 08:35:08 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 ... 327 »
201  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 05:04:47 PM
Yeah just keep on doing what you're doing dickhead (do you expect me to be nice after you intentionally slander me twice and both times you are in error?).

There you are being either "not the sharpest tool in the shed" or intentionally disingenuous again. There is no correlation between what Cypherdoc wrote and the whitepaper....
Let's put some context in those quotes:

2 things:

1.  i think ppl under-appreciate the extent to which all participants in Bitcoin, including miners, volunteer and want to be part of a system that has the potential to make themselves extraordinary profits if it works as intended that being in an open, honest manner.  there's a lot at stake in constructing a new financial system and those profits can only be made if it works properly as advertised in that open and honest manner that ordinary ppl can depend on.  this is what will result in the trust needed so that the vast majority of humanity can buy into such a reliable system.

2.  i think that the majority of ppl in this world want to be honest and wish to live in a society that has order.  no one wants to live in chaos.  everybody loses.  in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed.  thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive.  to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.

I don't know about everyone else, but it looks to me like Cypherdoc's point #2 clearly follows from point #1.

Where else have I heard something like point #1 expressed before?

Quote from: Satoshi Nakamoto
6. Incentive

By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.

The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.

The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.

What was your specific accusation against Cypherdoc again?

2.  i think that the majority of ppl in this world want to be honest and wish to live in a society that has order.  no one wants to live in chaos.  everybody loses.  in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed.  thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive.  to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.

That is the same faith we put into a top-down democracy. Fact is a power vacuum sucks in those who can maximize the exploitation of the power vacuum.

You are violating the fundamental tenet of Satoshi's white paper which is decentralized trust, meaning we don't have to trust that people are honest.

Maybe it would help your argument if you employed more insults, or maybe created a few new sockpuppet accounts.

Since logic, evidence, and rational discourse don't appear to be in your toolbox, just stick with the "shouting down your opponents" approach.
202  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 02:29:20 PM

It's about TPTB_need_war, AKA AnonyMint, AKA TheFascistMind.
Ah. That makes a lot more sense.

I completely understand Gavin's tweet the other day about losing sleep.
203  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 02:16:24 PM
What does that have to do with me?
204  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 01:46:13 PM
It's particularly rich coming from someone that changes their ID every 10 minutes.
Citation needed
205  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 12:25:16 PM
You've always been the disingenuous debater in every discussion I've ever had with you.
Cypherdoc expresses the security model (economic incentives to ensure miner honesty) nearly word-for-word out of the Bitcoin whitepaper, you accuse him of violating the (incorrectly) cite the whitepaper to say that he's wrong, I quote the section in question, and then you accuse me of being disingenuous?

Just keep on doing what you're doing - your own dishonesty is making my case better than anything I could say.
206  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 05:42:40 AM
You are violating the fundamental tenet of Satoshi's white paper which is decentralized trust, meaning we don't have to trust that people are honest.
Have you even read the Bitcoin whitepaper?

Quote
The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.
207  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 09, 2015, 12:26:15 AM
from gmax:

"So far the mining ecosystem has become incredibly centralized over time."

i totally disagree.

I guess it is in the eye of the beholder. I still see 3 pools with >50%. The other tiny little slices don't matter at all as long as the top 3 agree and if even two of them agree, the tiny slices still hardly matter at all.
Is it better, worse, or about the same as in the past?

Maybe some people are complaining about centralization when they actually mean they are disgruntled about competition making mining at home less lucrative than it was in the good old days.
208  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 08, 2015, 02:41:56 AM
Similarly if Bob correctly handles the received notification transactions he can be confident that he can not be tied to the payment channel.
Everybody should dispose of their notification transactions via dust-be-gone, but regardless the number of transactions that have been sent to a notification address is publicly visible.

What's not visible is who sent them, and whether they are real or not.
209  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 08, 2015, 02:10:13 AM
Let's say for example I am a Snowden sympathizer and the government has outlawed payments to Snowden and the government also suspects that I might want to illegally give Snowden payments. In such an environment identifying the creation of a payment channel to Snowden might be enough for the government to determine guilt, regardless of whether or not they identified the actual payments. So if they knew my payment code and Snowden's payment code, could scanning the blockchain history result in identifying the payment channel (not the actual payments).

I understand this situation is a bit of a reach, just trying to understand it though.
An observer will see that Snowden received a payment code, but they won't be able to read whose payment code it is.

The only way they learn it was you who set up the channel is if they have some other way to trace the coins you used to do it. A good client would be sure to use mixed coins for notification transactions.
210  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 08, 2015, 01:23:42 AM
Both Alice's and Bob's payment codes are known since they are public and in addition the time frame of the notification transaction is also known. Couldn't such an agency then look for all transactions in that specific time frame that might be a notification transaction and try them until finding one that matches? Does such an attack gain information for Eve, or are there reasons this isn't possible or useful?
If an attacker already expects Alice and Bob to transact, then seeing a notification transaction doesn't tell them much. The attacker won't be able to connect the notification transaction with the actual payments.

See: https://www.reddit.com/r/Bitcoin/comments/34prd6/i_made_a_3d_printed_stainless_steel_bitcoin/cqy16lr

Quote
If an attacker knows that certain UTXOs are associated with a particular individual (Bob), and if the attacker then sees those outputs used as inputs to a transaction which creates an output at a known notification address (Alice's), then the attacker can assume a probability that the Bob will send some bitcoins to Alice at some point in the future.

Bob might have sent a decoy notification to Alice, so the attacker can never be sure. All the attacker knows that Bob will sent Alice somewhere between 0 and 232 payments to Alice between the time of the notification transaction and forever.

The attacker might assume that any payments appearing in the mempool immediately following the notification transaction are a payment between Bob and Alice, but that's a problem that tends to solve itself as the transaction rate increases and can be addressed by intelligent clients which make sure to put a random amount of temporal separation between the notification transaction and the first payment.
211  Bitcoin / Bitcoin Discussion / Re: Has the NSA already broken bitcoin? on: May 07, 2015, 09:03:11 PM

This becomes ridiculous. To discredit an algorithm it is enough to say that the authority behind it is discredited.


You have said one sentence on which we agree, and one on which we don't. 

I do not give a crap who developed a sort algorithm, because I can tell when things are sorted correctly and I can prove that the algorithm does sort things correctly in every case. 

And hashing, given the level of mathematical sophistication and effort applied by people who are NOT controlled by any particular agency, is not very different from sorting in this regard.
The NSA is not omnipotent.

They have a lot of resources, true, but they are a government bureaucracy just like any other and not notably better at utilizing their resources than any other bureaucracy.

The reason we know the NSA has put backdoors in algorithms in the past is because they got caught doing it.

Anything underhanded the NSA can do to a public crypto spec, others can discover when they are looking for it.

Right now, a lot of people are looking.
212  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 07, 2015, 06:35:14 PM
but you have to back up around 2y to understand why he's doing this.  my conspiratorial mind says this is when gmax first hatched the idea of Blockstream and started working on gathering up most of the other core devs into the scheme.  since that time, nothing substantial has gotten done around the core protocol as solex pointed out above.
That would explain why they were so furious when btcd launched as a credible competitor to Bitcoin Core and forced them to actually start developing again in order to keep up.

Just try mentioning something positive about btcd and/or its developers on /r/bitcoin and pay attention to the amount of bile and venom that will suddenly be unleashed on you by random low post-count accounts you've never interacted with before.
213  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 07, 2015, 05:24:56 PM
Apparently they are the only developers capable of making any change at all.
Don't forget also that none of their assertions require citation.

http://sourceforge.net/p/bitcoin/mailman/message/34092810/
214  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 07, 2015, 05:00:53 PM
Bitcoin needs to do an Uber and scoop up as many users as fast as possible round the world before gvts, regulators, and banks can stop it.  we may already be there fortunately but we do have a ways to go and it's clear that 1MB is an artificial cap on growth.
That's the biggest concern I have.

Bank-based Bitcoin competitors are not stopping to take a break and study issues - they are actively working to hire developers and build systems that can grow faster than Bitcoin.

Meanwhile, the anti-scaling crowd is telling us we need more time to study the scaling issues even though they've been saying that since the first time this issue came up in 2012.
215  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 07, 2015, 02:33:55 PM
I'd like to know who is behind several of the sock puppet accounts on Reddit who are participating on the discussion.

Over the last year or so I've noticed some distinctive writing characteristics appear in threads about a few specific topics, and the distinctive characteristics are spread across multiple Reddit accounts.

Sometimes they accidentally give themselves away by using that distinctive style and then delete the post.

Fortunately I've taken to performing lots of screenshots so I catch most of them before they get deleted.
216  Bitcoin / Bitcoin Discussion / Re: Has the NSA already broken bitcoin? on: May 06, 2015, 07:09:19 PM
I didn't know hashes could be used for encoding.
It's easy to use hashes for encoding.

The decoding step, on the other hand, is a bit lossy...
217  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 06, 2015, 06:50:42 PM
Added some diagrams which should greatly enhance understanding of the protocol:

https://github.com/justusranvier/rfc/blob/payment_code/bips/bip-pc01.mediawiki
218  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 06, 2015, 04:02:28 PM
Gloves starting to come off already. Suppose it was inevitable.

Quote
I think I first heard this objection to a larger maximum block size from Peter Todd, Chief Scientist of ViaCoin
219  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 06, 2015, 02:35:27 PM
Speaking of things that make the network stronger, davec is doing great work:

https://github.com/btcsuite/btcd/pull/425

Quote
This pull request contains fixes from the results of a thorough audit of txscript to find any cases of script evaluation which doesn't match the required consensus behavior. These conditions are fairly obscure and highly unlikely to happen in any real scripts, but they could have nevertheless been used by a clever attacker with malicious intent to cause a fork.

Test cases which exercise these conditions have been added to the reference tests and will contributed upstream to improve the quality for the entire ecosystem.
220  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 06, 2015, 12:08:04 PM
Really? Only "contributors" have the right to raise concern now?

This thread is getting over pompous.
Just to be clear - will you please identify who first brought that argument into the thread?
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 ... 327 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!