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2
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Bitcoin / Development & Technical Discussion / Re: Pruning OP_RETURNs with illegal content
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on: February 12, 2015, 08:14:08 PM
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You can much more easily publish data via the blockchain w/o OP_RETURN, and furthermore, you can easily put that data in to the UTXO set which all nodes *must* have if they are to maintain consensus.
Mike Hearn suggested we adopt blacklists to solve this problem back when someone put the child porn sections of the hidden wiki into the UTXO set; no-one's come up with a better solution since. You can make publishing that data more expensive by a small linear factor - about 10x to 100x - but that's the best you can do.
The best solution to this problem is legal and political: the idea that you have to prevent every last trace of "illegal data" from getting into a public ledger is absurd.
I absolutely agree that the problem is a legal/political one. Attempting to use technical solutions for legal/political problems is not always a recipe for success. |
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5
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Bitcoin / Bitcoin Discussion / Re: Is this the biggest threat to BTC?
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on: October 10, 2014, 04:11:05 PM
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Do you think this is a real threat?
No. There is no benefit to a government to publish their own blockchain completely under their control. If they want a digital currency, they can do so in a centralized way. Doing so has no need of a blockchain at all. The purpose of the blockchain is to provide a decentralized consensus among the users. Limiting fraud is a benefit. Not for the fraudsters. |
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6
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Bitcoin / Mining speculation / Re: Next difficulty increase?
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on: October 08, 2014, 02:17:04 PM
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Nope. That's not how it works.
Now I am not quite understanding what you mean by that's not how it works? I asked: Is it becoming to difficult to get that amount of blocks in that amount of time? I am under the impression that the difficulty makes it harder to find a block, which would increase the time that it takes to discover 1 block, or say, 2016 blocks, are you telling me that is not how it works? It is set up such that a block will be found approximately every ten minutes. If there were only two miners with equal capability, they would each find a block about every twenty minutes. The higher the difficulty level, the harder it is for any one miner to find a block. The difficulty level is calculated by taking into account the entire network hashpower, such that the entire network will find a block about every ten minutes. I am under the impression that the difficulty makes it harder to find a block, which would increase the time that it takes to discover 1 block, or say, 2016 blocks, are you telling me that is not how it works?
It does make it harder for a miner to find a block, but the whole network finds a block about every ten minutes.... that's the "constant". |
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7
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Bitcoin / Mining speculation / Re: Next difficulty increase?
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on: October 08, 2014, 01:59:16 PM
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I am aware of that as I stated in my original post.
But for the last 1.5 years it has been almost like clockwork at 12 days. I don't think it has ever taken 13 days. My question was mostly, Is it finally becoming too hard to get that many blocks in this amount of time?
Nope. That's not how it works. |
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8
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Bitcoin / Bitcoin Discussion / Re: Patrick Bryne Sells Cryptographic Snake-Oil
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on: October 07, 2014, 03:05:39 PM
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How is Bitcoin benefiting for large merchants like Overstock and whatnot if all they do is exchange for FIAT and pay with FIAT to everyone involved? Is this really helping the btc economy, hindering it or neutral? The only direct positive thing for bitcoin is the advertisement a big brand like Overstock creates.
Overstock actually keeps 10% or so in bitcoin. |
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10
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Bitcoin / Electrum / Re: Trezor plugin
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on: August 28, 2014, 11:00:00 PM
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I merged it because it works..
however, that plugin still needs to be polished and tested.
I just downloaded 2.0 from git on a Linux Mint 17, and there is no option for Trezor under "plugins", although there appears to be a trezor.py file in the plugins folder... it just isn't showing in the GUI. Is there something I have to do to "import" the Trezor plugin or something? you have to create a new wallet After tinkering around a bit, the Trezor plugin now shows under the plugin menu, but it is "greyed out". It says that github/python-trezor is required, but that is already downloaded and installed, as far as I know. I am not getting any option to use the Trezor when I create a new wallet, nor when I restore from a seed. |
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11
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Bitcoin / Electrum / Re: Trezor plugin
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on: August 28, 2014, 01:12:16 AM
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I merged it because it works..
however, that plugin still needs to be polished and tested.
I just downloaded 2.0 from git on a Linux Mint 17, and there is no option for Trezor under "plugins", although there appears to be a trezor.py file in the plugins folder... it just isn't showing in the GUI. Is there something I have to do to "import" the Trezor plugin or something? |
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