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18181  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com almost forks the blockchain with buggy BU on: February 01, 2017, 03:27:43 PM
BU doesn't work. It sounds good in practice, "wow automatically adjusted blockchain? just what we need" but in practice it opens a can of worms. Too many possible attack vectors.

If it was as easy I would support a dynamic blocksize, I don't because there are big tradeoffs by doing so that I don't want to deal with. I want to be able to find my bitcoin on my wallet 20 years from now. BU does not give me that peace of mind. They will fuck up hard.

do you even understand bitcoin or consensus.

you do know funds are locked to private keys.
an orphan/reject cannot steal your funds.

but blockstreams future feature mimble wimble can.

its worth reading and learning

but start at the basics of consensus vs bilateral.
as thats what im seeing most r/bitcoin script readers and blocksteam king defenders are mainly not understanding. plus it doesnt take years to learn. so theres no excuse to not spend just 30 minutes learning about consensus(majority agreement stay together) vs bilateral(walk in separate direction splits)
18182  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com almost forks the blockchain with buggy BU on: February 01, 2017, 03:22:07 PM
What I ask myself is why did BU nodes allow to screw themselves up, so core nodes should intervene to prevent a catastrophe. No sir, It doesn't characterise BU team as reliable profy

it was a reject.
it would have always been a reject.
it was handled and pushed the side in 3 seconds.
it would have always been pushed the side in 3 seconds.

by the way
https://blockchain.info/orphaned-blocks
care to comment about the other rejects/orphans? that happen alot
oh wait they are core based. im guessing you wont comment
18183  Bitcoin / Bitcoin Discussion / Re: Bitcoin / Blockchain in connected furnitues (IoT)? on: February 01, 2017, 03:15:34 PM
IoT devices would make great full nodes seeing that they are always online. Maybe some vendor could make something similar to the antrouter that combines a bitcoin miner and a router. Combine a refrigerator and a full node. It would help decentralize the network.  Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

dont expect IBM(smart fridge) to implement it with bitcoin. hyperledgers is their desire
18184  Bitcoin / Bitcoin Discussion / Re: Blochain in the medical industry?! on: February 01, 2017, 03:11:51 PM
I'm positive that the Blockchain would be a big development for the medical industry. With the Blockchain there will be no more corruption in the medical or pharmaceutical industries.

However technology grows corruption will always be a part of the system. We cannot completely eliminate corruption in all sectors. The currently popular Blockchain technology helps for a better service and satisfaction to the customer in all manner.

blockchain can be used for good or bad. its all about who can profit and the motives of use

Blockchain will become the next big health care technology innovation as it relates to payments and payer contracts.For example, when a health plan and a patient are dealing in contract, blockchain can automatically verify and authorize the information.With transparency and automation, greater efficiencies will lead to lower administration costs,faster claims and less money wasted.By adopting blockchain technology,organisations can eliminate the middleman and access patient data base on a large population scale.

blockchain can be used for good or bad. its all about who can profit and the motives of use.
less middle men doesnt = less cost to customer. it can just lead to bigger house, shinnier car for health plan company CEO
18185  Bitcoin / Bitcoin Discussion / Re: Bitcoin / Blockchain in connected furnitues (IoT)? on: February 01, 2017, 03:04:34 PM
options

1. your smart fridge has a barcode scanner.. you finish the milk. scan the barcode, and the fridge stores that to make a shopping list. you fund the fridge with a certain amount of bitcoin.
then on a certain date or the shopping list total reaches the funds it has.. the fridge then API calls walmart with the shopping list along with a signed transaction.

2. manufacturing.
imagine the automated car making robots. (or sofa/ table / carpet manufacturers with automated robots)
when a dealership sells a car. a customer deposits funds. those funds go to the factory. and a factory "spends" the funds by sending 5% to the wheel robot(which then sees funds arrive and starts making wheels), 60% to the engine robot (which then sees funds arrive and starts making the engine)
etc etc .. and a car is build simply by seeing 'transactions' arrive at a certain address.

the taint of the coins then lets the factory know which dealership to deliver to.
the taint of the coins then lets the dealership know which customer to automatically SMS/email that the car is on its way.
18186  Bitcoin / Bitcoin Discussion / Re: Blochain in the medical industry?! on: February 01, 2017, 02:55:59 PM
but isn't this some kind of a flawed thing to do?
i mean one of the things about blockchain is that it is public which means anyone can have access to all the medical records of all patients which is a violation of privacy unless the data is also encrypted, then i don't get what the point of blockchain in the middle of all this is!

decentralised yes. public no.. think medical private INTRAnet , not public INTERnet
also the data does not need to be 'cleartext' it can be encrypted. where by if Dr X has authority he can decrypt the data.
if nurse working at the co-signed hospital as access she can decrypt.. using the hospitals node to decrypt it on her behalf.

then the hospital can 'sell' that data because they have the encryption key to translate it to cleartext.. for the highest bidder

also you have to be able to delete records for example after someone is dead. there is no point in keeping it. how are they going to do that?!

same way gmaxwell is playing with "pruned" data and mimble wimble to move data to prune it right down.

18187  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 02:42:07 PM
"No, I've not entertained Franky's ramblings for months now. He's still pretty obsessed with me though, he likes referring to me by my initials for some bizarre reason too. Weirdo, frankly.
"

yet CB is the one obsessed with me.



and there was more

18188  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 02:28:57 PM
again C B shows no technical knowledge or a willingness to learn.
-snip-
I see that you are still fighting each other pointlessly. I guess your defending of BU is probably what makes you lose credibility, especially after the latest event.

actually i am not defending bu.
i am defending bitcoins diversity and decentralisation..

i have not even suggested core should fork off either. if you read my posts i have been telling people that blockstream/gmaxwell want core to fork off.. by desparetly trying to get others to fork off, so that blockstream can play the victim card and win sympathy
as a warning to those devoted to core..

much like shoot a middle easterner to get his family to bomb america to then allow america to play the victim card and invade a whole country...

for me its not a band camp fight. its a bitcoin consensus wakeup call.

if you think its about band camps and are trying to push everyone into a band camp. then you have already surrendered to centralist control
18189  Bitcoin / Bitcoin Discussion / Re: Blochain in the medical industry?! on: February 01, 2017, 02:25:08 PM
They just want to get rid of middle men so the big pockets in the elite can raise their wages. They will keep automatizing everything and they will keep firing people to make more money.

Maybe the customer gets a faster service tho since there will not be queue of data to process.

UK health service has fired lots of staff.. automated processes, etc. to attempt to get waiting times down. but our health service is getting worse not better.

the money saved is not going to pay for better patient care. but instead private business for profit.
18190  Bitcoin / Bitcoin Discussion / Re: Blochain in the medical industry?! on: February 01, 2017, 02:22:54 PM
Blockchain Technology can be applied to Medical Industry as well and not only to digital or cryptocurrencies.

yep
instead of
[txid:0a1b3c, in[19z8y7x value:0.1], out:[15g4h3k value:0.1] signed:987zyx]
it could be
[medical record:12345, patient[SSN case:123] test[heart diease result:positive] signed:Dr. co-signed:hospital]

or ANY data at all. it does not have to be in the format we recognise as a 'transaction'
18191  Bitcoin / Bitcoin Discussion / Re: Blochain in the medical industry?! on: February 01, 2017, 02:10:59 PM
^ another topic about a future hyperledger side chain. ^

yes the possibilities are immense and a huge array of use cases. but the real question is.. unless you are part of the banker/corporate elite. citizens will see more disadvantages than advantages of allowing so much closed door data movement.
18192  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 02:04:16 PM
again C B shows no technical knowledge or a willingness to learn.

many months ahve passed and he has had ample opportunity to learn about bitcoin. but never shows real knowledge. and ends up relying on his usual rhetoric of
'im not going to waste my time learning unless you are going to pay me'

all he has is himself to blame for not wanting to improve his life by gaining real knowledge.

the r/bitcoin trolls and blockstream kingdom fighters are getting desparate with their empty unknowledgable scripts

learn consensus
im not asking people to read every line of code (though those truly wanting to know the details can), but atleast spend 20 minutes learning consensus instead of months of empty arguing
18193  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:54:24 PM
No people is going to "wake up" and asking their team

those wanting to remain asleep have themselves to blame.
if you have surrendered and given up your independence. i feel sorry for you

what im glad about is most trolls dont run a full node.

as for those running a full node, they are the ones that really matter to the network
18194  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:47:16 PM

here is what andreas is saying summerised

'if people let segwit happen then people can run an LN node and earn income'

thats the sales pitch refined..

however the reality is .. LN hop nodes wont earn much/ if anything, but now they are locking their own funds into permissioned contracts and having to run 2 nodes, hoping and praying for someone to hop through them.

this will be the reality though.
if you ignore using a hub and instead go for the 'hop' idea of LN... the costs are even bigger and penalty risk is higher

eg
A<->B
B<->C
C<->D
D<->E
imagine A wanted to pay E using the 'hop' concept.
first A move funds to B..
B wont change his funds with C for free so A has to pay a fee to B to thank him for his involvement
next B move funds to C..
C wont change his funds with D for free so A has to pay a fee to C to thank him for his involvement
next C move funds to D..
D wont change his funds with E for free so A has to pay a fee to D to thank him for his involvement

so to pay E is 4x the fee compared to just trading with B

this is what blockstream are hoping for. so this is where they become X (a hub)

A - X - E
   / | \
 B  C  D

now everyone only has to pay 2x hop fee (A pay A->X, A pay X->E).  but everyone can trade with each other.(via X)
downside.
now X has 50% authorisation permission status with everyone.
now X has can be the deciding factor of how long they want to make customers funds mature for after settlements confirm (CLTV)
now X has can be the deciding factor of chargbacking their customers funds after settlements confirm (CSV revokes)

yea they may get some competition where starbucks or walmart become a hub. and offer a cheaper fee. but thinking that the 'hop' concept will be used dominantly is not a rational end result.

every day LN node users will not get income. because every day LN node users wont want to pay fee*N where N is the number of hops needed
they would join a hub to cut their own costs.. but that hub, becomes the 'paypal2.0
18195  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:39:22 PM

um hello, wakey wakey

core need to release it
other implementations need to release it.

but that involves core dropping their crown and being part of concensus, on an equal playing field with the other implementations
How are you going to make them to do what you want? If they don't want it and consider it unnecessary?

if people wake up to reality. so that they stop kissing team X ass and stop following like sheep and start asking their favourite team to do it.
18196  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:33:53 PM
seems some have no clue.
sound like the usual r/bitcoin script reader. wanting core to centralise and control bitcoin.

I see that we are not going to easily achieve this consensus and what should we do? What can you suggest?

Those who want BU fork unconditionally and create a BU Coin. The rest continues with Bitcoin.


learn consensus, learn diversity, learn decentralisation, learn zero-trust

BU is very unreliable, to implement BU needs a hardfork, hardfork will be extremely negative, after hardfork, bitcoin is not decentralized any more, not reliable or immutable blockchain either. You can see ETHER's price, you will know how much hazard of hardfork will bring to bitcoin.

learn consensus learn bilateral split

learn the difference between the two
spoiler: yep even soft votes can have bilateral splits too
18197  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:29:34 PM
Get real, the only thing not tested here and proven to fail is BU.


xt, classic, knots, BU and others are already running on mainnet and have been for months/years.

funny part is. core based pools have a 1% reject/orphan risk everyday..
BU caused one once in a year.

but social drama made a mountain out of a mole hill about a non event.

its a non event because rejects/orphans are a natural thing. its what protects the network

rejecting a block is a good thing. it shows consensus works. it was not a fail event. it was something that happens daily (more so by core pools) and should be applauded that rejects occur. because it shows the network is secure.
18198  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:22:48 PM
And how and when are you going to realise this plan? And what if you can't achieve that?

um hello, wakey wakey

core need to release it
other implementations need to release it.

but that involves core dropping their crown and being part of concensus, on an equal playing field with the other implementations
18199  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:17:04 PM
Because so far I don't see how are we going to overcome BU mining hash power if we dont lower treshold

bu hash power is meaningless.

its the other 60% undecided (due to them intelligently waiting to see what the nodes do first, even if nodes dont get a vote)

i laugh when the banker paid devs. by pass the community. but then blame the lower percentile.

its like the greedy bankers wanting control of the economy but then blame the 1% of citizens for the bankers greed.

the bait and switch and point fingers at the wrong people is a major failure of r/bitcoin/core/blockstream.. they think they are the elite, when they are infact the sheep following the wolf
18200  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 01, 2017, 01:15:11 PM

I find it really, really frustrating that you have a room full of otherwise hyperintelligent people, who were told in very clear terms by the Chinese miners what those miners want about a year ago (a hardfork increasing the max blocksize limit for the present type of transactions to at least 2 megabytes), and today, you have the same people asking in frustration why Chinese miners are not adopting segwit when those miners said in bright blinking cleartext a year ago what it is they want, and it is not segwit.

Do you think we must be controlled by Chinese miners? I would prefer decentralization
....

pools dont have power because they need node acceptance.

....


I always wonder about this. Running some xxx nodes should be a fraction of costs for pools. If so it should still be easier for pools to achieve majority for some change.

Further I guess pools might fear LN cause here they only get a fraction of the fees.

Could they start blocking those LN-tx ?

yep
nothing stops a pool from just not adding a tx.
like they are not forced to add a tx already. (empty blocks)

instead of being biased about 'zero fee' or bloated tx. they can be biased about multisigs. or sigs with CLTV or CSV included.

funny thing is though. nodes can also be biased. by not relaying such tx's. nodes already wont relay a tx if it doesnt have enough priority or is spending less than a certain amount of satoshis.

this is why core already changed the topology of the network via 'fibre' to counter the node risk of people not relaying tx's to a pool.
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