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18381  Bitcoin / Bitcoin Discussion / Re: Will segwit be activated? on: January 25, 2017, 04:03:32 PM
I would not trust an investors opinion on this (barry silbert, ownership stake in blockstream, BTCC and coindesk, while being involved in hyperledger(bankers ledger) too) as they obviously have their own agenda. What ever happens, i really hope this does not follow the same theme as ETH.

This might sounds a bit silly to ask, but why was this not thought about a while back before we had the whole world watching?

i edited your post to show another thought you should also be thinking about.. why btcc was instantly waving happy flags for segwit.. even before actually peer reviewing and making their own node that had the rules set in october
18382  Bitcoin / Bitcoin Discussion / Re: Is this one of the so-called spam attacks? on: January 25, 2017, 03:49:29 PM
this kind of thing could be mitigated by having transactions have a 1-6 block maturity after confirm. instead of using 'economics' to cost people out of utility.

not gonna help because they are not spamming with 1 address or with small amount of funds. they have always used hundreds of addresses (both when it was 10K satoshi with 10K fee and now as you can see in that address) and they have a large amount of funding. and a 1BTC can be divided up to lots of small amounts. so they wait 1-6 or whatever number of blocks and then spend it and move to next batch.
but imagine it this way. instead of 100 addresses sending out and respending every 10 minutes. they have to wait an hour.
imagine if they tried to respend right at that 6th block. the next maturity is 2 hours..

where as everyone else that only spends once or twice a day, or week or month never gets maturity locked out, because it matures before they need to respend. but know they can respend because the waiting time is AFTER confirm.. thus they know they have been paid. instead of the current setup that delays due to spam leave them waiting before confirm and unsure if they will be even paid..

thus ethical people can spend when they want and malicious people are ending up having to wait.. and its all done by code rules.. not 'fees'
18383  Bitcoin / Bitcoin Discussion / Re: Is this one of the so-called spam attacks? on: January 25, 2017, 03:46:20 PM
yes an intentional spam attack is when one entity is respending funds as soon as it confirms..
there is no logical reason to respend so fast.

this kind of thing could be mitigated by having transactions have a 1-6 block maturity after confirm. instead of using 'economics' to cost people out of utility.

that way the code protection of spamming harms less innocent people while actually reducing the malicious parties.
but hey the devs decided to do what banks do best. charge people more rather then have proper safeguards for protection. (they are doing the same stupid economic mindset in their LN project too.. avoiding using real code protections and instead letting economic penalties dissuade malice)

Which is extremely sad...
I got the impress that btc is becoming more and more the exact same thing than normal currency...
People are even asking for btc banks for god sake ><

yep LN for instance..
when withdrawing out of LN (settling) even when the settlement tx is confirmed LN want to have a 3-5day maturity (CLTV) where funds are unspendable. that way it still gives the other party 3-5 days to take the funds back as a chargeback (CSV revoke).
other penanties exist while inside an LN contract, which all LN contracts need second party authorisation. LN is paypal2.0 once people start pricing up the internal 'hop' penalties/fee's and start using hubs to decrease the penalties/fee's.
18384  Bitcoin / Bitcoin Discussion / Re: Bitcoin Block Size Debate - Talk about what seems must be Done! on: January 25, 2017, 03:39:00 PM
Oh wahhh....

The transactions are instant, but it sometimes takes hours to confirm? So WHAT?!

Just like your bank, the transaction posts about instant, but takes 3 DAYS to confirm. No one complains about that....

We should leave the Bitcoin protocol the way it is. Let Alt-coins take the place of instant transactions and micro payments.

learn about RBF double spends
learn about tx drop offs.

no one should trust a zero confirm tx

learn about CSV chargebacks
learn about orphans

no one should trust a immature confirmed tx

only if you are spending a small amount should you risk accepting a tx 'as paid' as soon as seen.. but the tx fee has priced small purchases out. so the risk exists because we cant spend micro amounts to not care about risks
18385  Bitcoin / Bitcoin Discussion / Re: Bitcoin Block Size Debate - Talk about what seems must be Done! on: January 25, 2017, 03:32:48 PM
BU can solve the problem, but as long as people still fooled by FUD or don't understand BU at all, BU can't be activated. If we force BU while less than 95% miners or node operators, blockchain could split into 2, community could divided, panic sell and bad reputation for bitcoin.

no.. under 95% of nodes just increases the orphan risk. which eventually sorts itself out.. the lower the % the longer and more headache the orphan drama persists. until one chain is ahead leaving minority nodes unable to sync

only an intentional split. (banning the opposing side) which then avoids each side from seeing the blocks to see the orphans. is what causes 2 permanent chains alternate. by avoiding using consensus

Off-chain solution such as LN could fix the problem, but i think it's not the best solution since LN has some risks and i think bitcoin could be "centralized" if users/services become dependent with LN.

So, i think all miners and node operators must accept BU or tx fee keep rising and condition will be worse over time

agreed that LN will cause issues if that is the only end goal core devs want to aim for. LN should only be treated as a voluntary side service.. not the end solution
18386  Bitcoin / Bitcoin Discussion / Re: Is this one of the so-called spam attacks? on: January 25, 2017, 03:27:07 PM
yes an intentional spam attack is when one entity is respending funds as soon as it confirms..
there is no logical reason to respend so fast.

this kind of thing could be mitigated by having transactions have a 1-6 block maturity after confirm. instead of using 'economics' to cost people out of utility.

that way the code protection of spamming harms less innocent people while actually reducing the malicious parties.
but hey the devs decided to do what banks do best. charge people more rather then have proper safeguards for protection. (they are doing the same stupid economic mindset in their LN project too.. avoiding using real code protections and instead letting economic penalties dissuade malice)
18387  Bitcoin / Bitcoin Discussion / Re: Bitcoin Block Size Debate - Talk about what seems must be Done! on: January 25, 2017, 03:14:06 PM
So my advice would be to hard fork in 2MB blocks. This would buy us a little more time to further test and study emerging off-chain solutions.
You're saying it as it was as easy as pushing the button. From what we can see it's not even possible to soft fork. Hard forks are totally out of question. The market doesn't want it and we may be stuck with 1MB blocks forever.

firstly you need to learn the difference betweent soft and hard. and the the subcategories of each.
many people talk about the best case scenario of a soft. but the worse case of a hard.. but they avoid talking about best case of hard when yapping about soft.. and avoid talking about worse case of soft when yapping about hard.

so here it is

softfork: consensus - >94% pools no banning of minority. result: small 5% orphan drama then one chain. minority unsynced and dead
softfork: controversial - >50% pools no banning of minority. result: long big% orphan drama then one chain. minority unsynced and dead
softfork: bilateral - intentionally ignoring/banning opposing rules and not including them. result: 2 chains

hardfork: consensus - >94% nodes, then >94% pools no banning of minority. result: 5% orphan drama then one chain. minority unsynced / dead
hardfork: controversial - >50% nodes, then >50% pools no banning of minority. result: big% orphan drama then one chain. minority unsynced / dead
hardfork: bilateral - intentionally ignoring/banning opposing rules and not including them. result: 2 chains

ultimately the only difference is do you let the nodes get to vote first(hard), or just the pools(soft)

now that is explained.. rationally the community want the consensus.. and to ensure it works without issue hard is more secure.. the only issue with hard is that its a double vote, which takes time.
yep core hoped to get it activated by christmas by going soft. but they didnt factor in that pools wont jump at something without being sure that the network can take it.

so concentrating on the consensus, remember this.

if pools are not sure that nodes can handle a change, then pools will be unsure to show desire for it..
this is where soft consensus failed. because while the nodes dont actually vote.. pools still for pools own confidence and reassusance privately look at the node count, before deciding.. and with only a 50% node count.. only 25% of pools have show desire for segwit..

now if it was hard (node vote first, then pool vote second) the nodes have to reach target before pools even need to decide.. so that would actually give pools the confidence much faster.

P.S dont meander the topic into the doomsday of bilateral(altcoin creation).. no sane person has proposed a change that is bilateral. apart from a particular core dev who has demanded non core devs to bilaterally split off,to which they refused. so no need to even try shouting the doomsdays of bilateral (altcoin creation)
18388  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 25, 2017, 02:13:35 AM
almost 70% support SegWit and only 16% vote negatively.  Roll Eyes

/Satoshi:0.13.1/   1502 (26.84%)
/Satoshi:0.13.2/   1168 (20.87%)
/Satoshi:0.13.99/     119 (2%)

nodes: under 50%

try not to include old nodes pre october 2016.. they are not segwit..

pools: 24%
18389  Bitcoin / Bitcoin Discussion / Re: What happens if the bitcoin developer team breaks down? on: January 25, 2017, 01:55:30 AM
and this is why people should not be sheeple, idolising any particular people and treating them as kings. trying to get other devs to run away to only give power to a few devs.

because when they go, they are gone.

bitcoin needs to be diverse have multiple implementations and multiple open platforms.
not a centric one circle of 12 corporate paid devs and 90 interns hoping for a job if they show blind loyalty to the paid devs.

but multiple implementations and many teams all working in consensus. that way if one falls away there's still diversity and openness.
18390  Economy / Speculation / Re: Can the price of bitcoin still skyrocket on: January 24, 2017, 11:58:59 PM
if all you care for is the fiat price then your end game is to return to fiat.
i guess bitcoin ethos has been missed by you.

the price can move.
but bitcoin (mainnet) utility has to stop being halted by those wanting large fee's to pressure offchained permissioned contracts. as thats erroding bitcoins ethos.

if people are locking funds into LN contracts with:
CLTV(after confirmation maturity (analogy: 3-5 business day funds unavailable))
CSV(after confirmation revocation (analogy: chargebacks))

people will not see the benefit of bitcoin because it ends up doing what banks do.

18391  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 11:52:06 PM
so left image was the utopia expectation of segwit being the (upstream) gatekeepers getting the full data from pools and the sending stripped blocks to old nodes.

the right is the vision which includes the blockstream fanboy phsychy
I guess I'm not part of the 'blockstream fanboy psychy' then. Whilst I truly hate nodes that are running outdated code (anything prior to 0.12.x and even those version themselves), I have not started banning any connections based on this. I would expect that the majority of node owners aren't doing this either, therefore the left picture is the more likely outcome.

my mindset is to not idly sit on my hands hailing people as kings. but to test and check things out and know the risks.

devs should have more critical minds.. like the old
"punch holes in it to see if it breaks"
"hack it and fix the bugs until it cant be easily hacked"
"treat it as broken until you have kicked it a few times and it still stands up"

i see too many glory utopian dreamers, and not many critical thinkers.
i see too many people protecting the devs instead of protecting the network. even going as far as messing with their network connections to give glory to devs (like the jetcash example)
18392  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 11:41:40 PM
I'm not sure why this would become a problem post-activation of Segwit?
left = no biased connecting
right = biased connections )where the pools are left to do the sending of stripped blocks to old nodes)
          (bar a couple purple lines between new and old i didnt add)


I think that is overly exaggerated. If my node is currently connected to several old nodes, I don't expect that to change post-Segwit activation. However, I know that I may be wrong. I have not looked into it.

well w already know the blockstream camp exaggerate their devotion.. people are actively banning and ignoring nodes that are not part of cores group of nodes
EG
I've upgraded my node to 0.13.2, and I block classic and unlimited nodes.

so left image was the utopia expectation of segwit being the (upstream) gatekeepers getting the full data from pools and the sending stripped blocks to old nodes.

the right is the vision which includes the blockstream fanboy phsychy of intentionally blocking anything not core.. as exampled by some naive people
18393  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 11:11:46 PM
I'm not sure why this would become a problem post-activation of Segwit?
left = no biased connecting
right = biased connections )where the pools are left to do the sending of stripped blocks to old nodes)
          (bar a couple purple lines between new and old i didnt add)

18394  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 10:57:55 PM
i asked you a genuine question before..
when (if) segwit activates, are you going to whitelist old nodes or just connect to segwit nodes and leave it for pools and others to send stripped blocks to old nodes.
be honest. (i dont mean to ask negatively or in any attack i just want an honest open answer)
Sorry, I must have missed it. I don't plan on modifying my node settings unless it is expressively required. I usually do not do that. All I have changed so far is increasing the mempool size to several GB, increasing the dbcache to several GB and increasing the connection limit above the default (125 IIRC).

Why do you ask? Would you do this on your own node?

id let old nodes connect yes.
i just hope the POST-activation release has whitelisting turned off so it auto connects to anything and not having it secretly set as on. and needing those that like to tinker, to have to manually whitelist old nodes or disable whitlisting so that it becomes not biased
whiles those that dont tinker, dont realise they are biased by default
18395  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 10:38:02 PM
...

i asked you a genuine question before..
when (if) segwit activates, are you going to whitelist old nodes or just connect to segwit nodes and leave it for pools and others to send stripped blocks to old nodes.
be honest. (i dont mean to ask negatively or in any attack i just want an honest open answer)
18396  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 10:02:20 PM
So you hold it absolutly impossible that someone is in favour of the Segwit-solution, if he has done research and so on ? Do I get it right?

if they have done the research they would rebuttle with actual lines of code and actual scenarios. they would quote the context in a honourable and meaningful way..

but.. all i see is
rule 1: dont talk about segwit
rule 2: dont talk about leaders of segwit
rule 3: flame anyone negatively talking about segwit
rule 4: flame anyone negatively talking about segwit leaders
rule 5: just vote for segwit blindly

Sure you can talk about segwit tech, but not about leaders, blockstream and the usual shit...

i do talk about the tech, but if i mention someones name suddenly the topic meanders into "defend the leader" spam posts, where the tech and explanations get sidelined.

maybe also best that you dont defend the leader and waste time posting stuff unrelated to the tech and spend time reading the tech stuff.. thus everyone benefits.
18397  Economy / Service Discussion / Re: what happened to Huobi? on: January 24, 2017, 09:55:38 PM
https://www.huobi.com/?lang=en
still working.. still trading

guess bitcoin wisdom lost connection

http://bitcoinity.org/markets/huobi/CNY
guess bitcoinity lost connection too..

seems there is an API/bot issue.

maybe they stopped API due to DDoS.

edit
checked again
https://www.huobi.com/?lang=en

there is live trading occuring but slower than usual.. im guessing the bots got shut down.. maybe now we will see what real manual trading looks like for a while

edit
seems as 18 hours prior to this post, their live trade volumes have significantly dropped. usually they average 500btc-8000btc each 15min count... but each 15min count for the last 18 hours has been at best 400btc and as low as just under 20btc.
18398  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 09:49:02 PM
So you hold it absolutly impossible that someone is in favour of the Segwit-solution, if he has done research and so on ? Do I get it right?

if they have done the research they would rebuttle with actual lines of code and actual scenarios. they would quote the context in a honourable and meaningful way..

but.. all i see is
rule 1: dont talk about segwit
rule 2: dont talk about leaders of segwit
rule 3: flame anyone negatively talking about segwit
rule 4: flame anyone negatively talking about segwit leaders
rule 5: just vote for segwit blindly
18399  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 09:35:25 PM
Franky1 must be the BU spokesman, who supplys you with alternative Facts™  Grin

independant research, go try it. its mind and eye opening. you will ses passed all the scripts and actually see whats really happening.

please research
consensus
the code

then run some scenario's of how things will actually play out.
actually have an open mind and dont just play follow the leader.

You know whats your mistake ? You think you discovered the "truth" and all others are wrong. Conspiratist at its best ...
How you can be so sure that you have the "open" mind" ?

Conspiratists are funny people, they are 100% sure they are right and have an open mind n shit, but actually you behave exactly the same like you accuse others to do. Just from another viewpoint.

spend more time researching bitcoin and understanding it. and less time screaming insults to defend someones name.
18400  Bitcoin / Bitcoin Discussion / Re: SegWit yay or nay? come vote here. on: January 24, 2017, 09:09:01 PM
oh lauda.. havnt you seen the other plan.. intentionally blacklist known block producers to make sgwit nodes only see blocks from sgwit supporters to get the 95% trigger.
That still won't really cause a 'split'. It would still have a pretty big majority on one side.

the orphan consensus.. vs just rejecting blocks due to who made it. leaves segwit only seeing one chain of blocks and making their own blockheight. where other nodes make another chain of blocks without bias and ultimately having a higher blockheight. because they are not throwing blocks aside

consensus is where the network as a whole end up with just one chain of blocks of the same height

blocks should only be rejected if they have bad data. not because of 'brand bias'.

try running a scenario where gmaxwell mentions purposefully orphaning off opposing blocks..
and see what happens when you start banning certain pools as if they dont exist and then compare the resulting chains segwit see's to the chain the rest of the network see's. it will surprise you.

simply put: if there were this chain of blocks,
ADEBFADBECADEBFADBEC

imagining C is the opposer
legacy sees: ADEBFADBECADEBFADBEC
segwit sees: ADEBFADBE  [halt, unsync from network]

segwit stalls. because the A has a 'previous hash' of C which segwit refuses to recognise. so segwit cant accept A.. or the following blocks after that..

so now segwit pools need to make a block thats has a previous hash of E
and now the chains diverge..
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