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1  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: March 02, 2018, 05:31:20 PM
If you're so good at presenting a factual and coherent argument, you wouldn't have deliberately evaded that question about Options 1, 2 and 3 when I asked.  So here's the challenge:

The argument that using LN is cheaper than on-block transactions that you present is fictional even if it does
save me money and the point I was making is that I am free to use another alternative means of payment to make
much bigger saving.

I won't pay main street banks $20 per month to keep an account open when I am in credit and I am not about to
start now by paying LN hub bankers a penny for a second rate service that is "off-Block"

No dispute about it, (coherent argument) that the development team are in bed with the miners or else tx fees
would never had got as high as they did so forget the theory about market forces and competition keeping a lid
on fees being charged by banking hubs because the president has already been set.

The LN hubs are a patch up for a badly designed system but if it was a free service then I would say it was quite
a good short term solution for something that should had been fixed eight years ago but as it is we are being feed
problem-reaction-solution and you don't have a clue how high these LN fees will be in a years time so why are you
trying to defend the indefensible.
2  Economy / Speculation / Re: [b]Crypto experts predict that Bitcoin will reach $ 50,000 by 2018[/b] on: March 02, 2018, 03:55:33 PM
The expert is out of date but my target price put BTC at about $50,000 before jumping out to sell on
to a bigger fool but that all changed when I watched fees hitting $55 per transaction just as it seemed Joe
Public was about to arrive.

Well anyway I had to switch plan and cashed most of my coins out at $18,000 as many around here were in panic
mode and telling everyone to "Buy on the dip" and now the bubble has started to pop from what I can see so save the
banter about me losing out if the price hits a million bucks because a bird in the hand is worth two in the bush.

Now I know you are all hoping that the lightning network is going to turn things around but if you took the time to
read the white paper not that its easy to understand instead of dreaming and playing dice then some of you would
had worked out by now that the hubs are in fact mini banks that charge both transactions fees and interest on the
counter parties BTC needed to finance the private ledger even if you never buy a thing and thought that you was
spending coins you own yourself because it does not work that way, read the paper and see for yourselves.
https://lightning.network/lightning-network-paper.pdf

Maybe the expert also forget to read it too and if he did then he didn't understand it.


3  Bitcoin / Bitcoin Discussion / Re: Can the online Casino industry help Bitcoin? on: March 02, 2018, 03:20:36 PM
Sex, drugs and gambling is what Bitcoin was all about and many people that hold BTC are harden gamblers
anyway but when fees went sky high on Bitcoin mining fees then I would guess that many on-line gambling
sites were forced to jump ship to other alt-coins

Loyalty towards Bitcoin was destroyed over night by the greedy miners and I am not sure if it will ever recover myself
but we will see.
4  Bitcoin / Development & Technical Discussion / Re: T.E.T.O - trustless total order for transactions in a DAG based cryptocurrency on: March 02, 2018, 01:22:19 PM
I just don't get DAG and I can see that they keep pushing nodes onto a stack and use examples of A-Z
but what makes node 'B' a neighbor of 'A' and is this stack passed from node to node with the results all being
send back to participating node.

Whats stops node 'Z' from having a direct connection to node 'B' because I don't understand how the
order is created for flow control if nodes "N,O,P" join the network at a later date.

Feels like I am missing something that maybe useful here and even if the order was based on
converting a public key to a Bigint to give direction then new connections would need to be created
and old ones removed at a huge rate of speed

Sorry, it's just not sinking in.
5  Economy / Exchanges / Re: Decentralized Exchange possible on mobile devices? on: March 02, 2018, 12:01:40 PM
The first problem is that a DeX is actually an unsolved problem. There are no, true, trustless, decentralised exchanges in existance, because blockchains cannot support anything more than their own tokens, and there is no standard atomic-swap protocol.

I suspect you are right and I have looked at creating a truly decentralised node discovery based on a billion user and using
the public key of nodes to sub-domain the name server nodes but it basically comes down to 65535 encrypted dat files
but even this won't scale because the files can still become too big and slow to load.

Trying to keep  sub-domain servers in sync with each other will generate a huge amount of network chatter
so yes it's possible to scale to 50 million accounts using my code but it won't be close to real time without big centralized
servers and without a data center the size of Googles using my approach it could never cope with a billion users.

Throw in that most of the nodes won't have open firewall ports and they are only accessible via relay nodes and you start
to see the size of the problem.
6  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: March 02, 2018, 10:16:28 AM
you forgot the risk, that a mined block is invalid. because nodes will check signatures and might not accept the mined block as a proper block.
even if a miner finds a block, but accidentally a non verified sig is inside, this block will not be the main chain.

You make a good point and hopefully the development team coded around this issue but all open source code can be
changed and I am guilty of using a very short, quick and fast bit of encryption code that would be hard to crack was
it not for the code being open-source.

Segwit seem like a good fix to buy some time for me if only they didn't break existing wallet code or if they did then
converting to a 03 address should had been free from miner fees.
7  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: March 02, 2018, 10:05:26 AM

It's beyond precious that you think anyone cares who you are.  More humorous srill is that you think you're helping make the forum a better place with your inane flawed reasoning and paranoia.  Where the mods see mindless drivel and FUD, they remove it.  If you don't want your posts (and accounts) to be removed, try not to meet that criteria every time you hit "post". 

As the record shows you cannot debate me or others about the Lightning Network because we have our
facts right and you are left with talking FUD and name calling

"Where the mods see mindless drivel and FUD, they remove it"

Yes I know, truth has become treason around here in many cases and members defending the faith (Lots of fake merits)
are allowed to be rude around here because we get banned even if we don't dish it back to them but as a developer I have
every right to be here so maybe you need to check you own criteria when you hit post.
8  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: March 02, 2018, 02:13:14 AM

@DooMAD: This whole gibberish is exactly the tone and voice of Anti-Cen and dinofelis. Even the low level newbies here in the forum can make a text comparison on the posts, and understand that there is the same incentive, just under different names.

You are right, 100% right and indeed I am anti-cen which is short for anti censorship but here i met a nazi in the form of a moderator
who dare not allow open debate which I have reported and advise him to return back to 1930's Germany so that he can burn a few more books.

Yes please laugh by exposing a banned account but really the joke is on you if you need the service of a bias PR officer to protect you from a
few home truths around here.

The "newbies" here would be the ones your trying to convert into harden gambling addicts with the loaded propaganda that is being pumped out
here and this is why you fear me and ban number two is coming up so credit for spotting the obvious but i did not try to hide it anyway but your not that
smart because no one writes like me and you now need to apologize to dinofelis because your witch hunt lead you to an innocent man.

Would you like me to PM you a list of the bottom sniffers I have compiled here, paid thugs they send in since we are exchanging names not that your on the list and
I don't even hold it against you for exposing my real name that I would like back anyway.

Holly shit batman, RNC is Anti-Cen in disguise so I wonder why he's is having to do that Batman




 
9  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: March 02, 2018, 01:42:37 AM
Let's assume the fee is $40.  Which option is cheaper?

Let's not assume and lets consider that we have other options and don't need to be held to ransom by the miners come bankers
and make a purely logical financial decision based on facts.   

Go on, you can go first ?
10  Bitcoin / Bitcoin Discussion / Re: Maxing Out Credit Cards to Buy Bitcoin on: March 02, 2018, 01:26:44 AM
TV-TWO - Connect Your TV to the ETH Blockchain

Pay as you go IPTV using ETH would suite me fine but I suspect your selling something that me and my TV don't need like number
23,321 ICO so hows the balance going on the ICO and please send me details if your actually advertising something that's needed
outside crypto gambling land.
11  Bitcoin / Bitcoin Discussion / Re: Maxing Out Credit Cards to Buy Bitcoin on: March 02, 2018, 01:02:14 AM
even when it's only at 10.5k right now

Tulips got as high as $200,000 in today's terms and "Right now" they are about $0.50 three hundred years later
so when you say "Only at $10.500" for a small bit of digital real estate are you sure that you are being logical.

I got out at $18,000, nice profit too and it would had gone as high as $50,000 was it not for the miners getting
greedy with transactions fees but never did I try to sell anything to friends or family and selling to co workers
could soon put you out of a job so it was a wise decision you made.
12  Bitcoin / Bitcoin Discussion / Re: Maxing Out Credit Cards to Buy Bitcoin on: March 02, 2018, 12:45:54 AM
blaspheme this is and long term we all know that bitcoins can only ever go up and you know that story about
tulips crashing ? Well it was a lie from the devil.

My religion forbids me from gambling out the credit card and being a christian we prefer to call it investing if you
don't mind please so as proof of the powers vested in me I will sink this post down to the bottom of the forum using one of my
lead weights.

13  Bitcoin / Bitcoin Discussion / Re: What happens if everyone starts using Xapo for Bitcoin transactions? on: March 02, 2018, 12:33:55 AM
It never will because enough people need and value its qualities.

Good to hear so you won't mind me asking you to list them and then give your reason why each answer is better then gambling with one of the many other
alt-coins that we can pick from.

I can see why you have so many merits and I have none in this house of the money god so i am sure you can teach me a lesson or two.

14  Bitcoin / Bitcoin Discussion / Re: What happens if everyone starts using Xapo for Bitcoin transactions? on: March 02, 2018, 12:25:42 AM
Factually, xapo was a used by millions of users as a need of wallet and i remembee they hadn't fee on transactions initially but when the number of users increased, they changed their terms suddenly and perhaps xapo was first wallet who encouraged other wallet to apply higher fee on transactions. Now if everyone uses xapo, they will occassionally increase more fee

You mean here i was, paying $40 plus in transaction fees and now you tell me it was all a waste of money the other month.

Have you seen that TV advert where someone paid $10,000 in estate agent fees to sell his house and later someone told him
about selling his house without having to pay any commission fees.

I am that man, I am going to kk...kiiiiii kkkk  Kiss you  Cheesy



15  Bitcoin / Bitcoin Discussion / Re: What happens if everyone starts using Xapo for Bitcoin transactions? on: March 02, 2018, 12:14:33 AM

This is the type of scenario that we are trying to avoid. Xapo is a centralized service. What does this mean to you? Well,

centralized services are being targeted by governments and they are also being forced to do what these governments wants

them to do.............................

What you mean like Coinbase and all the other centralized services including the mining pools could come under attack by the
government and what about the lightning centralized banks that are coming our way.

I mean it's not like any money has ever, ever gone missing from Bitcoin is it now.
http://www.whoar.co.nz/2018/bitcoin-man-claimed-cryptocurrencys-inventor-accused-stealing-5bn/

Someone stole my blockchain and now they are coming for my hidden off-block lightning bank hubs and the cheek of these
people is they will be running these banking hubs on networks with redundancy built into the system just in case a
server goes down due to network problems that I forgot to even think about.

We need to make a pledge only to trust new ICO's and Bitcoin and must take this Xapo down before it starts so will you
help me please.
16  Bitcoin / Bitcoin Discussion / Re: Watch out! Hacker on: March 01, 2018, 11:55:50 PM
I am angry with hackers! They steal the money and coins from others. They don't know how that coins they stole important to everyone and they did not care if someone lose their money. As long as they are alive, alive in a way that their needs and wants supported by means of stealing from someone else.

How do I say this nice

OK I will just come out and says it because apparently our trusted leader Satoshi Nakamoto is in trouble for taking $5bn worth of Bitcoin
and here is the link http://www.whoar.co.nz/2018/bitcoin-man-claimed-cryptocurrencys-inventor-accused-stealing-5bn/

Russia Today first released the story but Google has decided to edit that out from the search results and I have tried several IPTV box
providers and strange as it may seem but none of the RT News channels ever work but it must be my bad internet connection playing up again  Cheesy Cheesy Cheesy

 
17  Bitcoin / Bitcoin Discussion / Re: Watch out! Hacker on: March 01, 2018, 11:43:38 PM
yes I strongly agree because hackers also will not hack someone randomly, it's all also because of ourselves too, if we are too cocky about ourselves and btc of course it will lure people who are not responsible for committing crimes against us.

if annon wanted to take Bitcoin down then they could do it in seconds and if microsoft wanted your passwords then they will already have them
plus we have an enemy within and i am not talking about the bitcoin development team here.

running Linux from a pen-stick if your using a windows machine but using something like Mint and not Tails is advise I should take myself
but i am only playing with dust and too old to learn a new OS, well lazy too.

18  Bitcoin / Development & Technical Discussion / Re: Blockchain with password support - Is it possible? on: March 01, 2018, 10:58:53 PM
Transactions need to be visible in order to make the distributed ledger work.
I would say replicated and was it to be distributed using DNA then it would scale but the structure and addressing
would need to change so now they are having to plaster it up with the lightning network which to some might be a
sort term elegant solutions if we ignore the pitfalls but on-block means on-block and it would be better to start from
the beginning in the long run instead of feeding the patient asprin.
19  Bitcoin / Development & Technical Discussion / Re: Blockchain with password support - Is it possible? on: March 01, 2018, 10:42:06 PM
Unless I read this wrong you are talking about a re-writable block in the chain which is something that I have played with myself
and it is quite possible to hash some of the fields in the block whilst leaving the others open to change.

Good to hear people thinking out loud and if you think in terms of blocks in the chain not only expanding sideways but the
block-ledgers growing downwards then you are left with something that will scale but the credit for this must go back to bit-torrent
because they first came up with the concept of hashing hash's to bring us P2P distribution of files that does scale and even when
they take one server down others pop back up to take the slack so it's not really fully centralized.


 
20  Bitcoin / Development & Technical Discussion / Re: (Help) Which system/blockchain should I use ? :o on: March 01, 2018, 09:53:05 PM
Ethereum sounds like it might suite your needs but if you are windows based then NEO might be worth looking at
but BC seems just the right tool when it comes to voting on a smaller scale so maybe service providers will soon
loan them out on a annual basis as a means to enforce trust in the data.

Good luck.

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