I still believe in the strong team and community.
Just not for pump and dump but for buliding community and value.
But market is a bitch. Anything from 1 sat to 100 sat is possible
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I hope RTM gets back its value soon
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I can't see how it's possible. Node which follow current Bitcoin protocol/consensus would treat block with reward higher than expected as invalid block. I believe someone else can show code of Bitcoin Core (or other full node software) which check whether total of newly mined Bitcoin on a block doesn't exceed current block reward. As I said I am not talking of main Emmision, that would cause a hard fork. But you put BTC from one adress to another against UTXO consensus with LN. And Sidechains etc will put their BTC also on a special adress without any UTXO proof of main chainConfused what you're trying to make everyone believe by making everyone reading that. Don't the coins sent to "special addresses" like Lightning Channels require at least one confirmation in the Bitcoin blockchain? Where is the check in core code where the closed channel TX come from? There is none, because the core dont know the input TX. its only new consensus how it is technically working
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When it comes to changing Bitcoin's emission, a soft fork wouldn't cut it. The emission schedule is part of Bitcoin's consensus rules, and altering it requires a hard fork, which is a more significant network upgrade. Soft forks generally work within the existing rules, like adding new features. Keep in mind that any changes to Bitcoin's core must undergo extensive scrutiny to ensure the network's security and integrity.
Not main Emmision curve, another way using BTC Script or something else
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I can't see how it's possible. Node which follow current Bitcoin protocol/consensus would treat block with reward higher than expected as invalid block. I believe someone else can show code of Bitcoin Core (or other full node software) which check whether total of newly mined Bitcoin on a block doesn't exceed current block reward. As I said I am not talking of main Emmision, that would cause a hard fork. But you put BTC from one adress to another against UTXO consensus with LN. And Sidechains etc will put their BTC also on a special adress without any UTXO proof of main chain
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Is anyone interested in this topic?
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Hey,
I read a tweet from someone that said, a BTC tail emmision could be done as soft fork. I have some technically experiance in blockchain so..... the main reward scheme could of course only be changed by hard fork.
But as after Segwit and so on some more things are possible with BTC Script. For example LN gets BTC to one place to another without trust of the main chain
So may there be the possibltly that some kind of extra reward can be send by the Algo to the miners by Scrypt or anything else with only a soft fork?
Please technical informative replies only!
Thanks
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So.....after 4 days and I get a running Core Lightning node....but now....I could throw it out of the window......no plugin like GUI I get startet......and peers get immidiatly disconnected before I can fund them.... no idea what I am doing wrong And I thought the Bitcoin Core would be possible to dump the keys but the core has own Mainchain keys.....not sure if the exportet HEX file hsm_secret does its job.....
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Thanks @n0nce & @Cricktor for your help.
I was inspired yesterday by the thread and done some own research again and found also Core Lighting with plugins. Currently waiting for sync the BTC Core. Lets see
Still the remaining question. There are tools/plugins to re-balance the channels. But how you do the inital fund of the "other side of the cannel" (incoming?).
Thanks
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So maybe its little off topic, but I try running a LN Node sometimes always stuck. The thing is I want to have the possibility of some settings like channel fee and so on. I dont wanna buy a Raspi so I wanna use Ubuntu VPS, but I dont get this ( https://github.com/lightningnetwork/lnd/releases) LN daemon work. Is there any good beginners guide for it somewhere? My search not helped me. As I understand as I got a windows node working for a while, you need to fund "the other side of the channel". Is that really needed and when yes, how you do it? Thanks for your help Arwed
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PGN is finally forking into a DASH and Masternode/Datanode network Masternode Fork (1.18.2.0) - Hard Fork (Required Upgrade by May 1 2022)This release is a major, required upgrade to continue operating on the Pigeoncoin blockchain. This release has been in the works for several years after being directed by the community. Thank you to the developers and testers and to the community who helped make this happen. Previous versions of the Pigeoncoin client were based on the Bitcoin codebase. This version ported everything over to the Dash codebase. After upgrading your wallet to the new format as an end user, other then a new look to the wallet, things should operate just the same. There is no airdrop, simply a wallet database upgrade done by the software. The dash codebase was required to add the masternode capability which lays the groundwork for the upcoming datanodes which are required for the future of Pigeoncoin. A hard fork occurs at block 2,074,070, which is roughly May 1st 2022 03:23 UTC. At this time Masternodes can be created. Payouts begin at block 2,094,230, which is roughly May 15th 2022 03:23 UTC. Exact times may be several hours off depending on how fast blocks are mined. Please ensure you upgrade your wallet prior to May 1st to ensure a smooth transition. For new users, simply download the new binary or build from source. No special configuration is required. To verify your wallet is synced after upgrading you can verify the latest block from http://explorer.pigeoncoin.xyz/blocksNOTE: Pools/Miners: do NOT upgrade until late April 30th, as close to the fork block time as possible. You should not create blocks using the new node until fork time. Everyone else can upgrade now.For users upgrading, please read the release notes very carefully prior to moving forward. It has an upgrade procedure you must follow to ensure a smooth upgrade. If you need further assistance ask for help in help https://github.com/Pigeoncoin/pigeoncoin/releases/tag/1.18.2.0Upgrade status of pools and exchanges can be monitored from fork-tracker Please follow our discord for support: https://discord.gg/NY8wWF6
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Still no one here really deals with the argument of the "dead end"
Again the energy consumption will rise because of
people want more money so ->
1) they buy more and
2) technically better miners
-> that conclude in a pemanent growing energy consumption.
I deny again that there is an end in how fast solving the sha 256 function in the next 20 years because people will always invent computer a little faster.
Maybe my numbers are wrong and it takes longer but it happens. And technically there is a limit to deliver electricity and if not:
One other thing not discussed here When there is electrictiy in an glut so you can get it everywhere without investing, POW again does not make any sense because it does not put the important value in it. Bicoiners say only investing work makes the value, if electricity has no hard work anymore the arguement stick
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So what exactly is DASH, even when many say the current value of it its not good We're talking about Bitcoin. The guy in your blog says its not invented. It IS invented already So why BTC does not copy paste to make a start
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So the "nothing to stake problem" and others are so often mentioned that it makes POS unsecure. If POS so easy go hack ADA and get at least 1% of the 25 Billion USD. And some more interesting part in your article: he favorites a combination of POW and POS/Proof of Service. So what exactly is DASH, even when many say the current value of it its not good
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The matter of pollution has been discussed many times, and there's enough info online (including fact-checking services) that show it's not a real ecological threat, and, on top of it, it's all a matter of sources of electricity, which need to become cleaner, rather than of consumption. Now, regarding the dead end, I don't understand the argument. You mean it's a problem because energy consumption is rising? It's still far from the levels that pose a problem of the lack of electricity, not to mention that miners can choose to opt out, difficulty would decrease and so would consumption. Not to mention that your calculations don't match those of franky1, so providing sources with estimates would be nice.
1) So at first we talk of long term. I dont say its a problem tommorow to have the energy that is demanded by the rising energy consumtion 2) When miners opt out and difficulity decreases, the network gets lower safety. Its a solve for the moment but dont solve the problem long term 3)accourding to sources: I can only look what has happend the last years and as always the Bitcoin maxis say: "Everything will continue the same as before .." like S2F and so on
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to add to this. gold uses 100% dirty fuel (diesel for excavators and sluice machines)
at a cost of $900 per ounce mining 97003000 ounces a year = $87,302,700,000 of dirty energy spend
lets go with a low average rate of non renewable energy spend on bitcoin mining of 50%(its between 10%-35% dirty, but lets highball it) well it costs about $183,746.45 an hour in electric at $0.04/hwh =$1,609,618,902 so thats $800m bitcoin dirty spend vs $87bill gold dirty spend
gold mining is 109x more dirty than even a conservative estimate of mining bitcoin.(more like 150x-500x) but do you hear environmentalists complain about the fumes from diesel excavators as they rip up land and dig holes in the environment 109x louder than they shout about bitcoin?
sorry off topic :-)
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POS is a shit way of running your blockchain and it moves against the most important factor of a legitimate cryptocurrency and that is decentralization. So where's that leave us? With POW. The energy consumption is way overblown. I'm not saying it's not an issues, but it's overblown and much of it has been debunked. Also, you provide a bunch of conjecture here, instead of concrete facts to show that POW is truly moving towards a dead end. I will take the word of cypherpunks and they largely agree POW is the best solution right now.
I dont believe POS makes more centralisation. You can run it with Pools same POW and when you get 4% ROI a year, the rich get not as far richer then with investing in estates.
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There is a limit on the efficiency of those machines, just like with every other chip we have right now, it can't go and double efficiency every year, pretty soon it won't be happening even every 4 years, the S7 was using 28nm chips, the S19 7nm, there is a limit to how much you can get out of it.
You think there will be a technically limit how fast to solve the SHA 256 function. Dont believe so. If the profitability of mining is in a lower one-digit number there will also be no more gear sales as the difference in efficiency will not be able to make the difference from the cost of a new gear ordered, thus lowering both the demand and incentive to develop new miners.
What I have learned in my years here in Crypto: As beginner I thought Hashrate and price has a function. But it has not because people speculate (see point 3)
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the actual hashrate for the year is 155exa(155477763.7thash) average
Yesterday it was 202 exa so 30% more then you stated. so its actually 40TWH not 200
thus not even a 3x in the last 5 years
Even if thats true it does only prolong the problem and doesnt solve it but as you can see ASIC efficiency has changed in 5 years to be 3x more efficient
Thats exactly what I told about new maschines lowering the network safety when the whole network keeps the same energy consumtion
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