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361  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Boycott CNN - Spreading negative news and mentioning we are begging whales on: April 11, 2019, 10:14:24 AM
C.C.N
not
C.N.N

seems a few posters just read titles and hit reply before doing any research.
kind of funny that some shout out 'mainstream bad, need to make own cryptobased media..'
 yet its a crypto media the negative news is wrote on.
its usually cryptomedia that copies and pastes negative, false, propaganda first in the hope the multiple copies of same story in multi crypto locations will draw mainstream media into following it

dont become a sheep. dont just read short messages/titles and follow it. do some research
362  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: April 11, 2019, 06:14:41 AM
OP, Brand7 also made a Lightning FAQ on Medium, https://medium.com/@The1Brand7/lightning-faq-67bd2b957d70

windfury. please do yourself the biggest favour, and update your research


Roll Eyes

Why should I be the only one who needs to update "my research", when everyone with a sane mind knows that there are no "IOU pegged promises to pay tokens" in Lightning?

You're not convincing anyone, except maybe some newbies, and which I encourage them to believe you to make them actually learn from experience. Cool

you repeat the same thing, but have no clue. get a clue and see if your repeats matches your own clue.
i gave you a clue, its called millisat. now its time you go out and search about it and learn it then go learn beyond it taking more steps until you find your own clue
363  Bitcoin / Bitcoin Discussion / Re: Jihan Wu is no longer CEO of Bitmain on: April 11, 2019, 04:08:06 AM
Bitmain was in long term loss during the bearish run, they fired more than 70 percent of their staffs. they even shut down major mining centers in Chinese mainland. there ruthless shutdown was on internet and Youtube all over.
The only source of survival they had were bitcoin cash, which also dwindled along the bear market, in this scenario the resignation of Jihan Wu was a predicted move.

1. the staff in 2017 vs 2019 is similar numbers. the staff of 2018 were tmporary staff who always were going to lose their jobs after their contracts completed.
2. i couldnt see any videos of bitmain ruthlessly shutting down mining centres on youtube. i could only see noob vloggers talking about propaganda sourced by BTCC's samson mow. which funnily enough BTCC shut down their mining pools when they got bought out bt DCG and samson mow lost his BTCC job
3. jihan wu is still head of bitmain. he just now delegated someone else to manage the day to day. im guessing he is now enjoying a nice vacation while still getting income
364  Bitcoin / Bitcoin Discussion / Re: Jihan Wu is no longer CEO of Bitmain on: April 11, 2019, 03:57:02 AM
i must be a bagholder then
im holding coins from 2012

funny part is.
o_e_l_e_o says its better to take a 10% loss....
um nah. im not at a loss. i got my bitcoin at $6each and i wont sell them right now for $5.40
who would dare sell them for $5.40 right now

o_e_l_e_o you need to understand that when temporary price drama of $5800-> $3500->$5000 is not a measure of 'loss'
just like the temporary drama of $20k

hardly anyone actually bought at $20k so trying to suggest people sell now is stupid because not even 1% of the community is at a $15k loss. infact over half the community are at profit right now(half is understating, the numbers are higher)

as for bch
i never cared for altcoins. i have not even bothered to pull my privkeys out to sign altcoin transactions to claim them coins.. to me its free funds. so again no loss..
there is NO risk when it comes to FREE altcoins. FREE means FREE. meaning zero risk.
even if they went down to 1cent.. thats still 1cent profit.

there is a major difference between loss/risk....... vs profit/maximal gains


yea i also separately daytrade and play the ups and downs using some play money, but the big picture view is not to care about the actual $$ value. as it just ends up driving people potty thinking they are at a loss, even when they are not.

365  Bitcoin / Bitcoin Discussion / Re: Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation on: April 11, 2019, 03:15:16 AM
Correct! But Bitmain is headquartered in Beijing. Probably their operations are scattered all over the world, but the head of the body is placed in China. Probably pulling out of China is the best thing they can do once the Chinese government decides anything negative! As of now, the confusion still holds!

confusion doesnt hold. bitmain and canaan both said they are not confused or worried.
its the racist 'fox news crowd' that want to scream 'china bad' all day long that are confused

as for moving out of the china. to be honest. where they head quarter has NO impact on bitcoin.
but as for staying innovative. i would say having an office/meeting room in the shenzhen region is beneficial to them to have close contact with the different industries
366  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: April 11, 2019, 02:59:30 AM
OP, Brand7 also made a Lightning FAQ on Medium, https://medium.com/@The1Brand7/lightning-faq-67bd2b957d70

i guess this is where windfury gets his mis-information.
so lets atleast state the obvious. seeing as he thinks the link he quotes is his bible to LN. lets use it against him with some obvious falacies

Q 7: Will there be any form of custodian risk in a Lightning Network?
Do I need to trust anyone to hold my money on my behalf?
A: No, this system is not based on trust; you remain in full control of your money.
vs
Q13:
A Holding value on a Lightning Network means that you are in possession of double-signed transactions. .....
The transactions you are holding are of the 2 of 2 multi-signature type.
Both you and your counterparty will sign, and you will both store the transactions locally.


Q 8: I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
A: No, your bitcoin will never leave the blockchain.
vs
Q 9: I’ve heard that the Lightning Network will require my bitcoins to be locked up…Is this correct?
A: “Locked up” is a very misleading term in this case.
Lightning will not make your money less accessible.
Your money will actually become more accessible when held in a Lightning channel.


and then there is the big facepalm of Q14

the long waffle that bitcoin has no coin and is just signed message so if signed messages are involved then it must be bitcoin

what the article DOES NOT correctly mention is that the payments within LN are measured in MILLISATS as the unit of account. but the bitcoin network is measured in sats.

a LN payment signed in millisats would not be accepted onto the bitcoin network.
this is why people on LN lose value/get locked out when errors arise as the LN system does not use 8 decimal(sat) transactions at all times. it only uses them for the opening/closing
when people go offline, or you lose your data or someone on a route does not agree to the route in time. 'value' in LN gets locked because its not just using standard bitcoin transactions of 8 decimal where all thats needed is the privkey to move value.


windfury. please do yourself the biggest favour, and update your research
367  Bitcoin / Bitcoin Discussion / Re: Lightning’s Bitcoin mainnet: the phenomenal growth on: April 11, 2019, 02:18:30 AM
If you have more questions, ask them in this topic, https://bitcointalk.org/index.php?topic=4792622.0 Cool
Memefy them. Cool

so after many months of your nonsense. your 'proof' that LN is not pegged IOU is some quote of someone..

well again, do some actual research. and look into unconfirmed payments in millisats.
goodluck trying to counter argue that millisat based contracts are bitcoin confirmed funds.

i gave you many chances to update/correct your lack of knowledge. but it seemed you ignored the hints
so one more chance. hint: learn about millisats.
its the first stepping stone outside the echo chamber you have become stuck in.. please dont fear taking steps outside your echo chamber, the big wide world of reality is not as scary as yo may think.. enjoy learning new things


No, because all the answers that the newbies will actually learn are from people who don't spread misinformation, and disingenuous techno-babble from people who have been losing with their narrative. Sorry, but Roger Ver, Jihan Wu, or Craig Wright has lost.

But newbies, listen to franky1. It's also the other correct path to real learning. Cool

windfury, why have you decided to be a social drama queen. wouldnt it atleast benefit you to actually learn about the tech for once.
learn by USING, learn by reading CODE, checking stats
if you only want to learn via social drama, than your failing yourself

again do some actual research
you spend too much time with this social drama stuff that its becoming obvious your just on this forum to troll people and just shout "wrong coz [persons name]" without actually using any experience, code, stats, data


You can call me whatever you like, but nothing will change Bitcoin history, and Bitcoin facts.

There's no social drama. It's Bitcoin history. But newbies, I encourage you to listen to franky1's version. Cool

i talk about millisats, i shown proof that LNbig hosts alot of the 'balance' which shows its not a large consumer base but a corporation faking growth by bloating its own balance into the network

and all windfury can do is talk about social names and social stuff. no code, no stats, no features.
so yea windfury you love social drama not bitcoin facts

now go spend some time learning about bitcoin, not social drama. it will help you
368  Economy / Speculation / Re: BTC To 9K$, China Banned miners on: April 10, 2019, 09:41:46 PM
bitcoin mining has not been a CHINA thing for a couple years now.

will people stop living in propoganda past
369  Bitcoin / Bitcoin Discussion / Re: China refuses mining? on: April 10, 2019, 07:50:14 PM
Russia, Iceland, and perhaps the US itself can pretty much harbor large-scale industrial mining. China is only being chosen

bitcoin mining is actually very distributed and has been so for years. your about a couple years out of date if you still think 'china owns mining'

thats the old racist rhetoric of the fox news crowd style of propaganda trying to flame up drama of how mining is some how communist

gotta find it funny though
china has more diversity than america, 3x the population. yet people still talk of "china" as if its a single person
370  Bitcoin / Bitcoin Discussion / Re: Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation on: April 10, 2019, 06:54:47 PM
As far as I know, Bitmain has plans already in place in USA (Texas) however, it was scrapped due to the worsening market conditions throughout 2018.

https://cointelegraph.com/news/mining-giant-bitmain-reportedly-suspends-mining-operations-in-texas

Of course as business operators, you always look for options specially if you are being pressured by someone, in this case the government of China. There are a lot of places suitable for mining, specially countries wherein the climate is cold with cheap electricity.

imagine bitmain as just a franchise licencer, allowing private businesses to start their own franchise(mining farm) under the bitmain brand, for special discounts on hardware and access to special customers(OTC deals)

now imagine not bitmain HQ. but private business USA wanted to set something up in texas as a franchisee. but didnt find the whole opportunity in texas great, so pulled out.
thats the crux of it
371  Bitcoin / Bitcoin Discussion / Re: Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation on: April 10, 2019, 06:50:55 PM
bitmain us TSMC
ill give you a hint. T stands for Taiwan

taiwan is governed by the "REPUBLIC OF CHINA"
do not confuse that with chinese mainland that is governed by "PEOPLES REPUBLIC OF CHINA"

by confusing the two its much the same confusion as saying mexico is part of USA and under trump rule because mexico is part of north "america"

once you understand manufacturing is not mainland china
then you can move

the next step is to understand the mining farms are not mainland china
antpool alone has farms in georgia(europe) iceland, america and other places

so the whole "china control mining" debate has been a propaganda thing, and in reality a NON ISSUE for a couple years now.
and its about time people stop trying to sound like fox news by shouting the words china in anything related to mining
372  Bitcoin / Bitcoin Discussion / Re: Should I open a LN channel while the fees are low? on: April 10, 2019, 03:36:57 PM
caveats:
1. opening a single channel of say $20 does not mean you get to spend all $20
2. opening a single channel does not guarantee even being able to spend any of it, as it depends on who/where/when you are in the network(your reliant on others availability/agreement)
3. if you decide to open up multiple channels to maximise chances of being able to buy something. you also open up the risks of your channel partners using your channels and your balance against you.

even the LN devs themselves have lost funding when using a system THEY designed

opening a channel just for the sake of opening a channel is meaningless sybill activity.
373  Bitcoin / Bitcoin Discussion / Re: Veriblock is spamming the BTC network. Is this bad, or positive for LN adoption? on: April 10, 2019, 03:22:25 PM
I still don't get why Core is blamed for being the core of all problems happening in Bitcoin by some people. Hate them or love them, the fact is nobody is putting a gun on anyone's head to run their full client software. If you don't like it, code it yourself and get enough people on board that it becomes relevant, or get enough people with enough Bitcoin that it becomes a force to be reckoned with for that matter. Skin in the game and so on. My point is, no one is running Core because there are no alternatives, anyone can code their own client.

1. alternative clients got relegated/segregated/split/forked off the network BEFORE any new network features changed, purely for the fact that they would not follow core. so pretend all you like that core happily invite alternative brands, but the truth is they dont.
this was not due to individual users going into their console/debug tab and manually deciding to disconnect opposition. it was not even really random users having coded clients that automated it to disconnect from the individuals peer list.
it was done by the core devs who have control over the main network resources such as Fibre/DNS where only a few nodes affect thousands of nodes.

2. running own alternative would be treated not as part of the main relay playingfield, but set as what core devs' themselves call the 'downstream'/'filtered' subfield of the network, the area that older/'compatible' nodes sit at, as a pretend 'part of the network' but do not get or relay at the same level.
3. if you think that coin hoarder have much say, or mining pools, or users. you would be wrong. core again proved it in august 2017.
pools had the threat that their blocks would not get passed matt corrallos Fibre fence to then reach majority nodes
client users had the threat their nodes wouldnt be in the DNS seeds of the main core devs listings
community had the threat that they would not be on a network which most exchanges/services accept

core devs did infact have 3 guns loaded in 2017 to get what they wanted and change a 35% consensus to their false 95%+
and if you think they will never try it again then you have become completely unaware of the last 4 years of rekt campaigns and threats used to get core where it is today.
and if any alternative even dared use the same 3 trigger tactic core did. then suddenly the alternative would be considered a trojan/attacker.. which is hypocritical.

the whole point of bitcoin/blockchain (solution to byzantine generals theory) is/was to find common unity of diverse mindsets to work together on a single decentralised playingfield. yet core have mutated that and the bitcoin of 2009-2013(15) is not the same as bitcoin 2015-2019
374  Bitcoin / Bitcoin Discussion / Re: Comparison of Offchain Solutions for Crypto Coins on: April 10, 2019, 09:10:12 AM
Plus I never thought of Lightning as "utopia". But how can I be against it? It's not doing anything to alter the consensus layer like a hard fork, isn't it? This is Bitcoin, open and permissionless. Let developers build on top of it.

firstly you using terms like 'layers' is just fake buzzwords of trying to pretend things are united/part of a larger whole... sorry that false advertising has been debunked

to populate and false promote LN (the alternative network that is not bitcoin) developers have actually messed with the consensus , by now making the BITCOIN network core centric where core can slide in their changed unhindered

also LN as a separate network that it is, did not develop to be bitcoin compatible. but instead bitcoin had to change to be LN compatible.

changing bitcoins ideology, ethos and fundamentals to fit a separate network that does not even comply to the same security/principles of what bitcoin is all about is not good for bitcoin.

then further stifling bitcoin by limiting its transaction throughput onchain, and also not implementing a fair fee mechanism, is all efforts to deburden bitcoin of utility/desire, purely to promote, persuade people to use alternative networks/services. which again is against the purpose of bitcoin

further more actually delving into the statistics of a 'working' LN scenario for a moderate population. would require more impractical changes that manipulate bitcoin away from its ideology/ethos/fundemental purpose

..
but maybe, before you just promote LN. maybe its best you learn things about bitcoin and LN so you can atleast offer an experienced, researched viewpoint. and not just a dev ass kissing narrative
375  Bitcoin / Bitcoin Discussion / Re: Jihan Wu is no longer CEO of Bitmain on: April 10, 2019, 08:33:44 AM
while the price has steadily declined from 0.18 BTC a year ago down to 0.05 BTC today.

mindset error here is that the false assumtion is that BCH was:
1. bought at 0.18, for there to actually be a loss of 0.13 decline
2. bought at all, rather than obtained for free due to forks and ongoing mining. meaning BCH would actually be +0.05 not -0.13

gotta find it funny how so many people emphasis the "$20k" bitcoin day, as if everyone around the world all bought all of their bitcoin on that day, to now be making a $15k loss as of todays ~$5k

yet reality is that not many people actually bought right at the peak. meaning the peak price has no relevance to REAL gain/loss and is just a meaningless statistic for a history book.

same for BCH the price of a coin is just temporary drama.
same for BTC the price of a coin is just temporary drama.

people dont actually profit/loss from one years temporary drama ATH vs ATL. people actually profit/loss from the cost of the actual acquisition of asset vs the sell of the asset.
in short you never lose unless you sell at a loss
376  Bitcoin / Bitcoin Discussion / Re: Comparison of Offchain Solutions for Crypto Coins on: April 10, 2019, 08:24:25 AM
doomad is over using the term permissionless without understanding

first of all people can also say that bitcoin is permissionless. (doomads mindset) meaning doomad does has a right to write whatever he likes and have it activated as he wants.

yet

doomad also argues that bitcoin works by users deciding what they should follow. but this can be seen as countering doomads "permissionless" stance because he says it needs people to decide/follow

doomads flip flopping has got so bad that his narrative swings more than a bisexual sex addict, so much so that his points no longer follow a straight line

i think doomad should first learn what bitcoin is/does. also learn the tech behind bitcoin that solved a fundamental problem that cypherpunks were trying to deal with for so long, and how 'offchain' services do not solve this same issue and never will.

until he can grasp what the differences are. he will be stuck

once learning about bitcoin. may doomad than try to refine his narrative to a clear straight line path that does not meander in circles of social drama. and instead sticks to the point that can reference blockdata, stats, code and dev decisions.

for instance
bitcoins transaction/payment signing does not need 2nd/3rd party permission to sign a tx thats destined for someone. but when it comes to what was the 2009-2013 ideology of consensus. permission is needed to activate new features/protocols

doomad mixes up user interface utility vs code/protocol to serve his circular social drama
he then mixes up the user interface utility of bitcoin with that of alternative network/services to confuse the differences purely to promote the alternatives as (falsely) being the same.

core bypassed consensus to get an activation which under the 2009-2013 ideology of bitcoin would not have been activated.
core bypassed writing code that would satisfy the majority desires
core instead cut away a significant population to fake a majority of lesser population

if doomad actually understood the purpose of bitcoin. and the byzantine generals theory of finding unity in diversity. rather than (excuse the pun) segregation. he would understand how core broke the main principals of bitcoins revolutionary technology purely to make core dominant/incontrol/powerhouse of bitcoin. which in itself is again something else that is against the fundementals of bitcoins ideology(decentralisation)

 i really think doomad should take time to learn about bitcoin. or spend more time atleast just being more straight lined and just admit his adoration for alternative networks. maybe even spend more time on forums of those alternative networks
377  Bitcoin / Bitcoin Discussion / Re: Lightning’s Bitcoin mainnet: the phenomenal growth on: April 10, 2019, 07:51:48 AM
If you have more questions, ask them in this topic, https://bitcointalk.org/index.php?topic=4792622.0 Cool
Memefy them. Cool

so after many months of your nonsense. your 'proof' that LN is not pegged IOU is some quote of someone..

well again, do some actual research. and look into unconfirmed payments in millisats.
goodluck trying to counter argue that millisat based contracts are bitcoin confirmed funds.

i gave you many chances to update/correct your lack of knowledge. but it seemed you ignored the hints
so one more chance. hint: learn about millisats.
its the first stepping stone outside the echo chamber you have become stuck in.. please dont fear taking steps outside your echo chamber, the big wide world of reality is not as scary as yo may think.. enjoy learning new things


No, because all the answers that the newbies will actually learn are from people who don't spread misinformation, and disingenuous techno-babble from people who have been losing with their narrative. Sorry, but Roger Ver, Jihan Wu, or Craig Wright has lost.

But newbies, listen to franky1. It's also the other correct path to real learning. Cool

windfury, why have you decided to be a social drama queen. wouldnt it atleast benefit you to actually learn about the tech for once.
learn by USING, learn by reading CODE, checking stats
if you only want to learn via social drama, than your failing yourself

again do some actual research
you spend too much time with this social drama stuff that its becoming obvious your just on this forum to troll people and just shout "wrong coz [persons name]" without actually using any experience, code, stats, data
378  Bitcoin / Bitcoin Discussion / Re: Lightning Network: 1% Daily Compounded Growth on: April 10, 2019, 06:41:33 AM
most of the balance is from bitrefill and LNBig giving out loads of free inbound balance

https://twitter.com/lnbig_com/status/1105801755265241094

https://twitter.com/lnbig_com/status/1112688601429614593
(~750 of 1000btc is related to LNBig)
379  Bitcoin / Bitcoin Discussion / Re: Lightning’s Bitcoin mainnet: the phenomenal growth on: April 09, 2019, 11:43:06 AM
If you have more questions, ask them in this topic, https://bitcointalk.org/index.php?topic=4792622.0 Cool
Memefy them. Cool

so after many months of your nonsense. your 'proof' that LN is not pegged IOU is some quote of someone..

well again, do some actual research. and look into unconfirmed payments in millisats.
goodluck trying to counter argue that millisat based contracts are bitcoin confirmed funds.

i gave you many chances to update/correct your lack of knowledge. but it seemed you ignored the hints
so one more chance. hint: learn about millisats.
its the first stepping stone outside the echo chamber you have become stuck in.. please dont fear taking steps outside your echo chamber, the big wide world of reality is not as scary as yo may think.. enjoy learning new things
380  Bitcoin / Bitcoin Discussion / Re: Comparison of Offchain Solutions for Crypto Coins on: April 09, 2019, 11:05:00 AM
windfury.
just use LN, please its becoming too obvious your saying things without experience of what you speak.
your just as bad as doomad. you dont care about bitcoin you dont understand how things actually work, you just want to say some strange things just to try making people think LN is great and the future method people use for making payments.
all at the downfall of you both letting blockchains/bitcoin become stifled/deburdened of utility

i prefer to highlight how bitcoin is being stifled in the hopes new dev teams put core back in its place as not the controller but as just a participant of bitcoin. thus re-innovating bitcoin


as for you admirations of LN and over promoting/exaggerating/defining ln as utopia.. if you feel that millisats are not real, htlc / private commitments are not real. and if you feel that the too-and-throw of channel balance between channel partners is as settled and secure as blockchain confirmed funds then please try to actually make a case that blockchains are useless invention and how digital money could work without needing blockchains due to your belief that the private signed commitments between two parties is the same immutable/final/settld/guaranteed/paid off/ system as blockchains offer.
i dare you to try convincing yourself that the private signed commitments between channel parties is just as final as blockchain confirmed transaction
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