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1321  Other / Ivory Tower / Re: Replacing Windows with Linux on: May 13, 2019, 08:50:19 AM
What advantages does Linux actually have over windows?


  • more control
  • more secure
  • faster
  • doesn't use you to collect your data

probably more, that's off the top of my head


My fear of switching over is that a lot of files/things won't be compatible with the Linux operating system.

file types are pretty universal, 99% work on Linux (.mp3, .doc, .avi etc). There'll be some high level professional apps that don't have a Linux version (e.g. Photoshop), but then you just use the Linux equivalent (for Photoshop it's GIMP)
1322  Bitcoin / Press / Re: [2019-05-12] Bitcoin Is 11 Times 'Faster' Than Litecoin, New Data Reveals on: May 12, 2019, 06:03:40 PM
can't remember exactly who/where, but it has been suggested pretty recently to increase the target for the interval between blocks to more than 10 minutes.

Isn't it really bad idea? It could mess with Bitcoin production/inflation rate and broke script/HTLC which uses block height as "time".

right, there are alot of considerations to take into account (correcting the inflation rate back to 21 million target etc).

But fixing something so fundamental is important, IF there is a strong case to be made that it's broken. The inflation rate or locktimes for HTLCs don't matter if something as basic as the block interval target is the wrong value to protect against malicious chain re-orgs. Maybe it's fine, there are no problems like that in the real world today. And the more the hashrate rises, the harder that becomes.

No-one's shouting about this, to put it in perspective.
1323  Bitcoin / Press / Re: [2019-05-12] Bitcoin Is 11 Times 'Faster' Than Litecoin, New Data Reveals on: May 12, 2019, 02:12:58 PM
There is nothing special about the 6 block target that we are all familiar with. It was arbitrarily chosen as an acceptable trade off between speed and safety. It is overkill in the vast majority of cases, but at the same time, it wouldn't be enough against a large enough attacker.

can't remember exactly who/where, but it has been suggested pretty recently to increase the target for the interval between blocks to more than 10 minutes. I'd like to hear more about the case to do so, but we can safely assume that it's unlikely to happen any time soon, as a hard fork is required. There's no unanamity about inceasing the block interval, but there certainly is about decreasing it; no-one with any credibility is suggesting it, as Litecoin and other such coins have demonstrated the problems with that approach.
1324  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core 0.18.0 Released on: May 12, 2019, 11:27:44 AM
But we really have to make the most convincing case to ditch this crappy stuff to those who otherwise wouldn't care.

I guess the simplest way is:


Bad:
  • Fedora
  • Centos
  • Ubuntu
  • Mint

Good:
  • Devuan
  • um, Gentoo

trouble is there aren't many non-systemd Linux distros, and Devuan is probably gonna be the most user friendly of them all (Gentoo isn't really user friendly). There must be some more I didn't mention
1325  Bitcoin / Armory / Re: Problems installing 0.96.4 on: May 12, 2019, 11:16:58 AM
./configure: line 18428: pkg-config: command not found
configure: error: missing QtCore library, make sure libqtcore4 and libqt4-dev are installed[/i]

[snip]

Please suggest.

./configure is suggesting something to you: install pkg-config
1326  Bitcoin / Press / Re: [2019-05-12] Web 3.0 Will Change the World, Not Bitcoin on: May 12, 2019, 07:39:35 AM
What the hell is Web 3.0?Is he talking about this?

Quote
Web 3.0 is slated to be the new paradigm in web interaction and will mark a fundamental change in how developers create websites, but more importantly, how people interact with those websites. Computer scientists and Internet experts believe that this new paradigm in web interaction will further make people's online lives easier and more intuitive as smarter applications such as better search functions give users exactly what they are looking for, since it will be akin to an artificial intelligence which understands context rather than simply comparing keywords, as is currently the case.

IOW it's a bunch of marketing nonsense that has zero relationship with the infrastructure of the internet, aka web 0.0


Maybe we should look at what's being built on existing blockchains though:

  • Ethereum has a bunch of scammy/dumb tokens for no apparent reason other than to justify Ethereum's existence
  • Bitcoin has a nascent network of payment channels (i.e. LN), some colored coins (whatever Mastercoin change name to), a inter-exchange settlment sidechain (Liquid) and someother basic smart contracts (e.g. good behavior bonds)

maybe I'm a little unfair on ETH, there's possibly some utility in those tokens, but that's not going to change the fact that Etheruem itself is a bloated blockchain that's far more onerous to download and validate than Bitcoin's, and that that allows the developer (there is only one) to make more or less any decision he wants to.

Ethereum is pretty much snakeoil tech at this point, "oh the possibilities!" has been it's USP for the whole time it's existed
1327  Bitcoin / Press / Re: [2019-05-10] Ban Bitcoin! Urges Congressman After Realizing It Can Disempower US on: May 10, 2019, 09:20:26 PM
lol
1328  Bitcoin / Development & Technical Discussion / Re: CoinJoin: Bitcoin privacy for the real world on: May 10, 2019, 05:06:04 PM
so tell us again about "ad hominems on Microsoft"
1329  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core 0.18.0 Released on: May 10, 2019, 04:05:47 PM
The thing with systemd is not simply "learning" things, but the fact that its so buggy and bloated and the main developer doesn't really care.

most Ubuntu or Mint users aren't going to notice the kinds of bugs it has, and they're equally unlikely to appreciate the poor design philosophy behind systemd


In fact I'm avoiding all his projects (don't need any of them), he tends to keep that same mindset in all his works.

sure, but convincing people to ditch systemd for OpenRC is one thing, getting them to configure jack audio and eudev is just more on top, it may be all too much for some people. Building up the ecosystem around well designed alternatives to invasive Red Hat products is important to keep Linux going in the direction of good quality software engineering.

Corporate software is basically attacking Linux with these bad quality system components (and in other ways too, arguably), so sure, start with yourself. But we really have to make the most convincing case to ditch this crappy stuff to those who otherwise wouldn't care.
1330  Bitcoin / Development & Technical Discussion / Re: CoinJoin: Bitcoin privacy for the real world on: May 10, 2019, 03:33:05 PM
Regarding your ad hominems on Microsoft, I believe they are worthy topics to discuss, but falls outside the scope of this discussion.

you can't pretend Microsoft have a good reputation, or that Windows doesn't openly suck up all user data, it's a default option in Windows, labelled "Please spy on everything I do on this computer"

so why even try to defend them? why attack someone who's only informing people about platforms with zero privacy, Mr. Privacy?
1331  Other / Politics & Society / Re: Venezuela on: May 10, 2019, 07:59:58 AM
This is 100% a political ploy to get the Venezuelan vote for Trump (Rubio gets the tangential benefit of it as well) in 2020 in Florida.

that's ridiculous
1332  Other / Politics & Society / Re: Another conspiracy of Google hmm on: May 10, 2019, 07:57:58 AM
This one. We always say capitalism rewards the most efficient but left to their own, companies eventually setup monopolies, which kills emerging competition, hindering progress.

I believe some countries still have competition standards for some industries but I haven't heard anything about social media and tech. Fact is lawmakers are old and not tech-savvy, as the Zuckerberg hearing has painfully shown.

this is total nonsense


the regulators simply become captured by the industry they're "regulating". People from the large dominant companies do deals with senior regulators to endorse legislation that, guess what, kills the competition, in the name of "fairness". The senior regulators get an easy, well paid job in the industry, or other perks like 1 hour speeches that pay them a whole year's salary ($250,000, that kind of salary)

all that "competition comission" stuff was simply the corporate journalism world scratching the backs of their buddies in corporate industry, and the bad news is, you fell for it
1333  Bitcoin / Development & Technical Discussion / Re: CoinJoin: Bitcoin privacy for the real world on: May 10, 2019, 07:39:14 AM
Wasabi is built with .NET Core. Core is open source and cross platform

it wouldn't surprise me if the .NET framework is an epicly gigantic codebase that no one person could be reasonably expected to read and review, like 100's of thousands of LOC.

So there's not much point in saying "open source baby", the Game of Thrones books are open source and I'm still not going to read them. And more importantly, is the byte-code interpreter open source?

When you're dealing with a product from an organisation with such a bad reputation as that of Microsoft, the questions are endless, and the answers are likely to be unsatisfactory. I don't want to waste my time.


(not to mention, Microsoft are now openly collecting all user data from their Windows users, what's the point in developing privacy software for an OS that openly exploits user privacy, why even bother?)
1334  Bitcoin / Press / Re: [2019-05-04] Ran NeuNer: The Bull Market Is Finally Here! on: May 09, 2019, 08:59:46 AM
needs more trading volume


end of bear market != start of bull market
1335  Economy / Speculation / Re: Will transaction fees get in the way of the bull run? on: May 09, 2019, 08:54:50 AM
First of all....its very obvious the bull run has started. Bottom is gone since 5 weeks ago, bitcoin is steadily going up. It was obvious the night it shot to $5000 that the bull run has started, every passing week is just more and more confirmation of that. Bull run is on now (granted its only 5 week into probably a 2 year bull run so it is early days), which means next year things will actually start heating up, and we'll probably be in full on FOMO/mania/exponential explosion mode by in 2021. No reason to debate this, even if you don't believe it now, it will become more and more obvious to you with every passing day/week/month.
i think by "bullrun" he means the excited stage where there is a big in-flow of newcomers that results in a lot more on-chain transactions. and that period is mostly the final quarter of the total bullrun.

right, price is up, but volume is low. Price must maintain a 5,500-6,500 range for a few months just to be able to say the bear market is over, let alone say a new bull market has arrived


Anyway, I didn't really know what taproot does, so if it makes transactions take up less room that is very good. I guess I had read about signatures being condensed into a single one for each transaction a while back but I had forgotten what update was supposed to do that. I hope that gets implemented soon, it will certainly help somewhat.
it will be a while before these new BIPs are implemented (version 1 SegWit). the biggest improvement (IMO) is Schnorr and signature aggregation (MuSig) which will reduce the size of transactions drastically (not just 72 to 64 but from 2x72+2*33 to 64+33 for 2of3 sig) and since many transactions are multi signature these days they all can fall in size. and that is not a "small help", that is huge.
but the problem is the same as SegWit (it is SegWit version 1 after all) and that is adoption. if people don't use them, they won't be as effective as they should be.

the taproot/merkle branches update will make all scripted transactions substantially smaller, I think that's very important also.


So today, Lightning open/close tx's are ~ 20% larger than a standard 1in 2out tx. Taproot hides the unused conditions (+ sig-agg collapses 2 signatures into 1) to make them both the same size, and that's just when comparing new segwit v1 LN open/close to standard tx using segwit v1. If we instead compared to a standard tx using segwit v0 or the original encoding format, a taproot LN open/close tx is actually a few bytes smaller.


taproot also hides the fact that a script was used at all, as only the spending script is revealed (even a standard transaction is, of course, a basic spending script). So all transactions look exactly the same on chain using taproot, the only differences will be the number of inputs, number of outputs and the amounts. Most of the information is hidden, there's no such thing as a P2SH taproot address, they're identical to P2PKH addresses from the perspective of someone analysing the blockchain.


tl;dr taproot is a gigantic privacy gain as a result of it being a massive scaling improvement. Lightning on-boarding is rendered cheaper and undetectable


LN is made to be used with lots of small transactions, like everyday purchases.
it doesn't have to only be "small" transactions. it mainly has to be more than a couple. which is basically what traders do. in fact LN can reduce the risk of using exchanges by a lot. imagine you could make a deposit every time you wanted to make a trade and cash it out as soon as you were done and that whole thing didn't cost you more than 10 satoshi and it only took a couple of seconds.
right now (as a trader) if you don't want to miss an opportunity you have to leave your coins on exchanges because depositing can take nearly an hour (6 confirmation), LN can remove that. in a volatile market an hour later price can be entirely different. keeping your coins in an LN wallet is not as safe as keeping them in your cold storage but it definitely safer than keeping them on an exchange.

right, the first exchange to do this will do fantastic business. Transaction spikes happening at the same time as price spikes is nothing new, been happening since the early days. Instead, traders can have their funds ready in a channel before the spike ever happens.

Combine that with the new option to remove the per channel limit (which exchanges would really need), and the whole "micro-payments only" argument goes out the window. I can imagine exchanges using lighting exclusively; time is money when it comes to trading, so if people can move their money to exchanges in seconds instead of minutes/hours (and for orders of magnitude reduction in fees), there's no way anyone will continue to do it on-chain. Why take that risk?


i also haven't heard any exchange looking into LN.

there was at least 1 reported, but it could've been hot air. doesn't matter, it'll only take 1 exchange to do it and suddenly they'll all need a piece of the action. They'll risk being irrelevant in the marketplace if not.
1336  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core 0.18.0 Released on: May 08, 2019, 09:02:32 PM
Fuck systemd though. Ain't nobody got time for that.

well, I agree, except that it's precisely because people don't want to take time to learn how to write sysvinit scripts (or upstart scripts? not sure about upstart) that they end up just going with the path of least resistance and sticking with systemd (Bitcoin thankfully has some sample sysvinit/OpenRC/Upstarts scripts available here - https://github.com/bitcoin/bitcoin/tree/0.18/contrib/init)

you can bet RedHat were thinking exactly that when they saw the first design specification for systemd. Fuck systemd, and RedHat
1337  Bitcoin / Press / Re: [2019-05-05] Court Orders Craig Wright to produce his public Bitcoin addresses on: May 08, 2019, 08:54:45 PM
-snip-
True, but the cost of him bringing forth multiple frivolous lawsuits is pushed on to both taxpayers paying for the court time and all the people he accuses being forced to defend themselves against his lies.

is it really Craig Wright doing the suing? for shame


I feel like taking an even more contrarian stance; I hope Craig wins.

It could be an important (cultural, not legal) precedent: there has to reach a point where technology becomes so sophisticated that the justice system simply cannot make accurate/meaningful judgements in cases involving such technology. I'm sure there's plenty of judgements (and perhaps even case law) that have already demonstrated as such, and that Wright's case is simply another nail in the coffin of the legal system's credibility
1338  Economy / Speculation / Re: Will transaction fees get in the way of the bull run? on: May 08, 2019, 08:42:09 PM
Right now there is nothing in sight to help lower fees as this bull run heats up and that is very worrying.

assuming the next bull run (which definitely hasn't started) begins in the next year, the taproot fork could be already activated


  • smaller signatures (64 bytes instead of 72bytes)
  • script sizes will be limited to the spending path only (so to open/close LN channels will be far smaller on-chain)
  • signature aggregation

That last feature will be very important to the on-chain demand you're citing as an issue. Users scraping together every last address they have to sell will use 1 signature for the whole transaction. e.g. sending 5 addresses in 1 tx to an exchange address will be 1x64 bytes, not 5x72 bytes. Exchanges will realise even better gains, they can use far more addresses for inputs than 5 in a typical payout tx.


Exchanges are also looking into the idea of using Lightning for deposits. There's a massive incentive to get that ready in time for the next bull run, anyone running an exchange without it will be at a disadvantage in the marketplace.

And segwit will likely be far more adopted by then, segwit addresses recorded on the blokchain are steadily & constantly increasing.


So don't be upset.
1339  Economy / Speculation / Re: Will transaction fees get in the way of the bull run? on: May 08, 2019, 08:25:28 PM
LN Most people don't regard it as BTC seemingly.

money talks

so what you say doesn't actually matter, Lightning does what it does, and it does it using BTC, cheap.

you should stay away from anything even resembling market analysis/technical commentary, you consistently have zero clue. Stick to telling your cool-uncle jokes
1340  Bitcoin / Development & Technical Discussion / Re: Taproot proposal on: May 08, 2019, 01:10:35 PM
Says who?
I say  Cool

right, and you make up your own facts

("miners broke the SHA-2 algorithm" which is demonstrably nonsense)
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