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1461  Bitcoin / Bitcoin Discussion / Re: "Bitcoin" Unlimited Officially #REKT on: April 06, 2017, 02:31:33 PM
Is this really the end for bitmain and Bitcoin Unlimited? Are they really cheating and doing something unwanted against the bitcoin system? These are just some of the questions I would like to search for but eventually all I can see in the forum was the collision of groups and that BU and bitmain were the evil empire trying to take and invade bitcoin country.
It is more dirty nonsense by the Blockstream bastards who want to own Bitcoin for themselves.  Sort of a last desparate attempt to regain some lost ground.  Don't worry, it won't work.  Nobody is fooled.  Jihan should hash away as best as he can and so should anyone else.  If he boosts his ASIC, so be it.  Totally fair.  The others can boost theirs too.

Before commenting one should at least be conversant with the topic.  Clearly you are not, and clearly you are fooled.

I would give you some links about what "boosts his ASIC" is, but if you search on "ASICBOOST" and "patent" you might learn something about it in general and then look at the difference between overt and covert usage.  

If you truly want bitcoin mining to be centralized, then please use fiat.
1462  Bitcoin / Press / Re: [2017-04-05] FED Board President Does not Understand Bitcoin or the Nature ... on: April 06, 2017, 01:42:39 PM
It is always odd when authors write it as "FED" since it is not an acronym.  It is just terrible journalism and takes away from the point they are attempting to make.

If they wish to talk about price stability, the Fed has done a terrible job of it over the decades, so their so-called expertise is severely lacking.
1463  Bitcoin / Bitcoin Technical Support / Re: Delete Private Keys on: April 06, 2017, 11:39:15 AM
just for the security purpose.is it possible or not?


Yes, just delete the wallet.dat file.  That will delete the private keys from Bitcoin Core.

If you retain an off-line backup, you can recover them later.
1464  Bitcoin / Press / Re: [2017-04-04] Tech Writer Warns The Uninitiated: Don’t Own Bitcoin on: April 04, 2017, 08:37:57 PM
Interesting words from a man whose company lost to Google and now is a shadow of its former self.
David Pogue shows us exactly the kind of thinking that made Yahoo a 2nd tier company it is today.
He is not exactly claiming that Bitcoin is bad - he said that is is unreasonable to think you can be rich by purchasing BTC and he is right.
Another liability is when a bitcoin exchange goes out of business - and he is right here as well, but 3rd party companies are not part of bitcoin network.

Agreed.

He has a bachelors in music.  While he may be a good writer who is able to explain things to non-tech people and good musician, his ability to evaluate (not that new) tech is limited.
1465  Bitcoin / Development & Technical Discussion / Re: will the the blockchain size be the downfall of bitcoin? on: April 04, 2017, 08:35:30 PM
the size of the block chain is ever expanding, by the year 2100 i predict it will be over 1 terabyte, making bitcoin unmanageable for ordinary people who want to run a node. which means we will have to trust our bitcoins to some third party intermediary at some point in the future. do you see this as a problem or no?

By 2100, 1TB will be a pretty small amount of memory.

The issue isn't even memory, but storage - hdd, ssd etc.  (My portable, which isn't new, has a 4TB ssd for reference.)

Danny is right though, this thread should be locked because it is premised on nonsense.
1466  Bitcoin / Development & Technical Discussion / Re: Opening LN channel with zero balance? on: April 03, 2017, 03:12:39 PM

I can spin up a lightning daemon on one of my existing web servers quite quickly.  And I could add bitcoind to it easily if it wasn't already on a particular machine.  The barriers to entry are low.  The cost on an existing server is negligible, but it can bring in revenue.  It may be that this increases the number of bitcoin nodes because of this.


Whats the point of you being able to run a lightning node if no payments will be routed through it ?
Just because you can run a node doesn't mean it will be used. You will have to compete with the bigger hubs on fees and uptime.
The best lightning setup is with one central hub.

What is your definition of "bigger hubs"?

My cost is essentially zero, so my fees would be low (or zero if I wanted).  My web servers are well connected, good memory, reasonably high CPU power, high bandwidth, low latency, extremely high uptime nodes.  The web sites have been online continuously since 1993 or 1994 (depending on the web site).  Why wouldn't payments be routed through any one I decided to set up?

I don't see "bigger hubs" being a relevant factor - or even a useful description - as to why these "bigger hubs" would be more attractive than one I spun up on a different server.  What would they offer that someone couldn't duplicate quite easily? :-)


1467  Bitcoin / Development & Technical Discussion / Re: Opening LN channel with zero balance? on: April 03, 2017, 12:54:37 PM

Except one crucial difference.


The strongest point of Bitcoin is its decentralization and this is why the scaling debate is such a big issue.
Why is it that we're now ok with centralization ? If lightning leads to a few centralized hubs then we need
to design it in such a way that this won't cause issues further down the road.
We're taking this too lightly.

I can spin up a lightning daemon on one of my existing web servers quite quickly.  And I could add bitcoind to it easily if it wasn't already on a particular machine.  The barriers to entry are low.  The cost on an existing server is negligible, but it can bring in revenue.  It may be that this increases the number of bitcoin nodes because of this.

Very likely the numbers will be higher than the existing number of mining pools since p2pool hasn't been getting much love.  Centralized mining is a huge concern.
1468  Bitcoin / Bitcoin Technical Support / Re: How many transactions are perform per second with Bitcoin? on: April 02, 2017, 10:04:21 PM
Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability
No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?

Yes, it can be increased. Larger blocks, SegWit, lightning are methods of doing so.  There are lots of options.

Needed? That is a question you'd get many different answers to, depending on who you ask.
1469  Bitcoin / Development & Technical Discussion / Re: Scaling proposals - another suggestion: move token on: March 31, 2017, 03:13:51 PM
because people invested in ETH are way more technical understanding
ETH is a fiat currency. Who can invest in a fiat pretending to be a crypto? Only speculators and those who have no understanding what is a cryptocurrency.
...
 that absolutistic views of any kind are wrong.  

...

That is an awfully "absolutistic" view.

The 21 million coins is an absolute too.  
1470  Bitcoin / Press / Re: [2017-03-27]Why the European Union is Against Anonymous Digital Currencies on: March 29, 2017, 07:25:02 PM
...because they are a bunch of anti-liberty, power-hungry control-freak people out to try to rule and rape the population of the world and to do so they have to know what everyone spends their money on? 

Kind of like the reasons they (and others such as India) don't like cash....it is too easy to not report everything you do to the morally bankrupt authorities.
1471  Bitcoin / Press / Re: [2017-03-29]SEC Denies SolidX Bitcoin ETF Proposal on: March 28, 2017, 06:46:28 PM
Not surprised.  If they're ignorant about one, they'll be ignorant about two. Or three.
1472  Bitcoin / Development & Technical Discussion / Re: Is the feature "reclaiming disk space" really implemented in Bitcoin Core? on: March 28, 2017, 04:31:44 PM
Sorry to hijack your thread OP, but I want to add a question here. In my limited knowledge of pruning I suspect that if EVERYONE runs a pruned

version of the software, then those old tx's are lost forever? I have a basic understanding of Pruning, and I have not taken the time to brush up

on the research... so I am asking this out of pure laziness to do the research myself.  Sad

The short answer is yes, the old transactions would be lost.

The longer answer (which I'm sure you figured out) also includes, all backups would have to be lost for them to be lost forever.  Likewise without software modifications new nodes wouldn't be able to start up if that occurred and in all likelihood bitcoin would collapse - that is as the software is now, future changes could be made to mitigate some (maybe all) of these impacts.
1473  Bitcoin / Press / Re: [2017-03-28] Bitcoin in Numbers — a Visual Look at Bitcoin Growth and Demand... on: March 28, 2017, 02:32:00 PM
If usage growth continues at this pace the fiat price will continue to climb.  Let's hope that a forced hard fork etc doesn't screw it up.
1474  Bitcoin / Press / Re: [2017-03-27] You Might Be Exchanging Bitcoin With Trading Bots and Not Even Know on: March 27, 2017, 04:10:33 PM
Given it happens on many non-bitcoin exchanges, is this surprising?  But, is it even relevant? Probably not.
1475  Bitcoin / Press / Re: [2017-03-24] Forking is Easy, Maintaining Bitcoin Unlimited is Hard: Andreas Ant on: March 26, 2017, 07:15:43 PM
One of the main reasons most of us are using Bitcoin is because it is so secure. { the protocol that is } We have seen many banks being hacked

and credit card details being stolen from big companies and this is why many of us moved to something more secure. If you do not use 3rd

parties, your coins are relatively secure... Now some people want to hand over the torch to a bunch of "green" developers that made 2 major

mistakes in a time span of a few weeks.  Roll Eyes .....That is just crazy.  Angry

Those are exactly right.  Plus I would also add that people are using bitcoin due to the difficulty in making changes to the protocol which protects EVERYONE using it. If it was easy to change, you might as well in in fiat.
1476  Bitcoin / Bitcoin Technical Support / Re: Bitcoin Wallet Can't Sync to Blockchain Without Throwing Errors on: March 24, 2017, 07:35:29 PM
Ok here we go...

Computer A:
An i5 Mac mini running 10.12.3 and 4 GB of RAM.
You say 4 GB isn't enough, but the memory pressure never gets outside of the green zone, so this must be crashing long before RAM becomes a factor. This one doesn't crash, it just goes unresponsive and never comes back.

Log Snippet:
http://pastebin.com/DcR0kwCt



Computer B:
An i7 quad core Mac mini running 10.12.3 with 16 GB of RAM.  This one crashes hard with lots of application errors on it's way out.

Log Snippet:
http://pastebin.com/5KUWYgck



That's all I have. My other computers are i5 laptops very similar to computer A. I have one older Mac Pro with 20 GB of RAM and xeon CPUs, but Bitcoin Core requires 10.8 or newer, and that old Mac can only run 10.7.

On the second one, I only see one application error, not "lots" - just a notification that the database is corrupted:
2017-03-24 17:24:14 Corruption: block checksum mismatch
2017-03-24 17:24:14 *** System error while flushing: Database corrupted


As far as the first one, I haven't tried any recent version of bitcoin on a Mac with less than 8GB and usually 16GB of RAM.  I too suspect that achow101 is correct that it is a memory issue on the first machine. 

Have you tried Apple Hardware Test (https://support.apple.com/en-us/HT201257) on either machine with the extended testing to see if you do indeed have no hardware problems? 


1477  Bitcoin / Press / Re: [2017-03-24] Keep Calm and Bitcoin On? Developers Aren't Worrying About a Fork on: March 24, 2017, 05:27:27 PM
Seems like typical click bait:
"now that a sizeable number of miners are running Bitcoin Unlimited"

I haven't seen any source for that, only that a sizable number are SIGNALING for it, but using Bitcoin Core. 

Hash rate would've dropped significantly if they were during the most recent BU bug.
1478  Bitcoin / Press / Re: [2017-03-24]Forking is Easy, Maintaining Bitcoin Unlimited is Hard: Andreas Anto on: March 24, 2017, 05:23:12 PM
>"undisclosed update"

This is one key.  Anyone who is supporting BU under these terms, except as an alt, has another agenda.
1479  Bitcoin / Bitcoin Discussion / Re: Satoshi Economic Missteps? on: March 23, 2017, 10:12:01 PM
Great economic analysis of BTC and how Satoshi's genius in cryptography and computer science, (and so many other fields) still had some economic missteps that have lead to our current scalability dilemma. 

Long read but worth it, enjoy:

https://medium.com/@Spiralus/satoshis-incomplete-economic-vision-eb833a33bcb5#.a8cx0atxk

Long, not worth the read. The author shows their own ignorance.
1480  Bitcoin / Press / Re: [2017-03-22] China Cartel Shakedown - BU vs BTC on: March 23, 2017, 12:03:54 AM
Quote
"they’re moving away from open source code for their fixes"

For anyone who cares about Bitcoin (and OSS in general), this should be enough to write off BU completely. 

If we wanted a centralized, closed-source system, we'd be using banks.
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