@franky1
since presence is based in proportional participation and network communication the block rewards process is separate from the block verification/proposal process. The network first agrees on the most ideal/efficient block and based on the network presence within that block the rewards are distributed accordingly. This means even if node A is somehow pooled and responsible for every block proposal, block rewards will be distributed amongst participating nodes based on each nodes agreed presence within the proposed block.
What platform would you recommend for starting a community to further discuss it?
your trying to re-invent the wheel. so any platform will do. but the most participation of discussion of your type would be found in the altcoin culture/category of this forum this bitcoin category is meant to only want to discuss bitcoin stuff, although some certain people do try to make it all about their other subnetwork promotions but they too should be in the altcoin network section too because their payment system does not emulate how bitcoin functions even if they brand tag it as 'bitcoin' .. as for your assumptions that "the network" you envision will self mitigate its own method. no code is needed meaning you ned to write it. you ned to come up with the methodology where it avoids certain peers from grouping up into clusters good luck funding a method to identify that certain nodes are not just 1 guy with 1000 nodes or where your node only has 100 connections and most of them are from a common peer cluster that gossiped(seeded) a list of known 100 nodes thus form their own cluster/echo chamber of only hearing each other first (its more about the peer IP connection/identity decider. rather then the latter block reward split mechanism thats the problem when it comes to trying to mitigate pooling/clustering)
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nothing stops anyone from making 1000 backups of their key in multiple methods
EG pencil on paper, etching metal, phone with wallet, pc with wallet, usb stick backup. trezor. tattoo on arm. rfid implant. NFC stickers
endless solutions to not forget
.. to avoid any one member from raiding the inheritance early and running off to exotic island to never talk to siblings again.. solution is simple.. multisig
they can all save their key a millions different ways but they dont have access to siblings keys.. to merge the keys to create the multisig
you can then have a method where the main investor of the family keeps his key a secret where family only get to know it upon his death where a solicitor/lawyer store the 'last Will' containing said key. but they obviously cant steal funds because they dont have the other keys of the multisig
people can create their own encryption which is only valid to decrypt data after 6 months. people can have it where it monitors the blockchain and only allows decryption where there is a valid block height that is higher than 26250 blocks higher than when the algo was made (using blockheight is better than just having unix tme (which someone can simply change the system clock/calender date to fake it being 6 months later))
and thus use the blockchains height as a timestamp to authorise decrypting data thus not need a lawyer, and instead just the main investor of the family adjusting the "death switch" which if he doesnt update to be 25000 blocks later than update, must be becasue he died and cant update it. thus family will get to unlock within 6 months
other things are available like nlocktime to prevent a transaction from being spent(included in block) until after X
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issues with everyone throwing out a candidate block with no cost. is that everyone can send out a candidate block in seconds
you then find that clusters of nodes peer connect into subgroups of each other
where you have clusters all connecting to node A hearing mostly group A block which build ontop of that, which varies widely from the data of another cluster hearing another group of relayed transactions and building on that group where it takes a few layers of 'pending' blocks accumulating confirms from different clusters until you finally get just one stream/chain of blocks with longest height. you end up holding alot of candidate blocks side by side fighting for height.
thus you end up still having a so called 'pool' of nodes' competing to be the main height winner but with alot od data wastefully being relayed just to fight for height and then orphaning off or re-orging the pending chains(wasting time/data)
you would probably have to find a way (as you say proof of presence) that cant be sybilled, cloned, spoofed or swapped to pretend not to be another 'presence' so that you can trust that one contributer/miner is not just sending out a stream of 10 blocks instantly to win height.
goodluck with that
i say goodluck because only options ultimately is that inside the block data you need to have a true unforgeable identity of a node. which can prove its a unique user(no guy with 1000 nodes) where that block identifies said unique user and bans them from making streams of blocks in a row
which is why in the end everything just resorts back to PoW (cost of work) or PoS (staking a lump of coin) but if you can truly find a "free" method that does not involve both of these. well you have created a proof that hundreds of thousands of people have failed to do (many have tried)
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I cannot stop myself from speculating if the community thinks until now if Sam Bankrupt-Fried is a real exchange CEO and if FTX is a real start up in the cryptospace. I reckon if the community does not speculate anything strange about Sam's operation, we should be using our brains more hehe. It is becoming a possible storyline that Sam might have backers from politics and FTX might have been created for purpose of a global moneylaundering operation. Can anyone today, after witnessing what has occured, tell me that this is a very absurd idea?
if you wash away the media narrative sponsored by fox news types.. you can learn more if you think its just a money laundering effort for the bidens. you are watching too much fox news/trump social drama claims
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greying it out as its an obvious side show poke the bear to get me to join someones social drama by trying to get me to talk and give links to other topics @blackhat oh here it goes again. when doomad gets debunked and shys away in one topic,. clan sister comes along to start social drama in another topic within minutes. pretending there is no game at play, whilst playing the known tactics of the game they play too much
and clan sister then wonders why i gave them a title of madhatter, knowing its a known social drama boring technique done multiple times to become soo notable it deserves a title
i had some hope after you(blackhat) were ready to try to move away from toeing the clan party book and starting to ask questions outside of doomads desires/scripts, where the hope was you were trying to begin to exist outside the clan mindset but you come back within literal minutes of doomad being debunked(same pattern) trying to start more social drama in a different topic(same pattern).
just stop for once
also if you cant remember the stuff you learned in the last 10days-3 months. from questions you asked in last 10days-3 months. cant be bothered to even search your own post history of this month as a reminder.. then please take the time.
it becomes a struggle to even hope your ready to learn/ escape the madhatter echo chamber even if some of your underlings are trying harder then you to remember stuff they learned without the madhatter spoonfeeds
but to give you the points about the MAHF and the other poiints where i thought there WAS a slight hope for you by asking questions outside the social drama scripts https://bitcointalk.org/index.php?topic=5433973.20 https://bitcoin.stackexchange.com/questions/116327/do-non-segwit-nodes-reject-segwit-transactions-with-invalid-signature
pitty that small step outside the echo chamber didnt last 10 days before you went back to norm madhatter tactics forgetting things you said
no response needed. i already know the usual stuff your about to say
now.. take a couple days. off. dont turn this into a "about franky" topic like doomad tried in another topic.. just to show you can defend him.. (its boring and meaningless)
people want to discuss the stuff of this topic spend sometime relearning what you forgot about BITCOIN and things that affected BITCOIN and its functions and features which the topics are about
if you are truly ready to escape the madhatter title. stop sounding too much like doomad.. as said briefly to not derail the topic, i noticed windfury is gaining confidence to not sound like him as much.. end of drama enjoy a few days off
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problems with advising family/friends you personally do not control the market. yet being their advisor you become their communication point of their investment which means when the market changes directions you get the blame for their investment
feel free to teach them about it. such as features where: you can store value without a bank account. by storing on addresses they can set up family trusts without a bank manager/lawyer via simply using multisig you can set up "shell accounts" again without accountants, managers, lawyers. simple by moving funds to different addresses funds can settle in 10 minutes rather than fiats 48 hours 'pending balance' and all the other hundreds of uses
you can rationalise down some hyped up, over promised, expectations by knowing about the value:premium borders which markets then trade within. again this is not predicting prices this is about understanding limitations
but dont make predictions, promises or hype them up into thinking they can guarantee Xreturns in Y timeline
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finally
seeing as the topic is not about "franky" because franky(me) is not a core dev i see no point why doomad wanted to meander the topic into thinking this is all about "franky" then switch to saying its got nothing to do with "franky" thus ending his own social drama sideshow debate (thankfully) nor that i am some totalitarian core(centre) which risks the network with my proposals.. yet then wastes days then proving his own theorm incorrect. by stating that im not even trying to be and so doomad might finally get it and go quiet for a couple months until his amnesia kicks in and starts acting like he hasnt had this repeated epiphany before
so thanks.. i guess.. or i should just say enjoy your time off (maybe for more than a few months than usual),
now back to the topic
let reign it back in to the topic of bitcoins risks and dangers, and proposals of such seeing as bitcoin is not some self coding AI and is actually made by code changes of core proposals(highlight: not franky code/proposals as just loudly proven)
lets discuss the central point of failure that is core with its proposals moderation, dev discussion moderation, code merge moderation, which in of itself is a risk/danger .. aswell as proposals that have and could risk issues for bitcoin which they have or could propose
(no more sideshow social drama comedy required, but thanks for the commercial sponsored sideshow)
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You always validate all the transactions in the blockchain, prunned or not.
When you're running a prunned node you simply remove older data that has been already validated.
You're usually checking transactions that are relatively current, so there are no major issues in running a prunned node, you can also set the size to whatever you like so you can have say the last 5 years of Bitcoin transactions. That is plenty enough for most people.
when new tx formats come out(rule/format change to consensus). unless you have upgraded to have new format recognition (they done away with/removes requirement of the 2009-2016 upgrade requirement pre consensus activation) you wont be validating everything... you will be treating new formats (in an unupgraded node which does not recognise) as 'default: isvalid' without the thorough checks thus the dev politics is making people more reliant on one brand of node to be the most uptodate that people should upgrade to the moment new versions are announced(the extra flaw of the centralisation debate in other topics)
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i think instead of facebook trying to build up their own cartoony avatar system that can only dance and buy music. they could have easily bought dragons tale and upgraded that platform where people can move around and play games for bit value and trade too. where by merchants buying NFT land plots within that virtual environment could set up virtual stores to showcase 3d renders of real life products which get shipped to real world locations when buying in that virtual landscale. however they want the cartoony way of messing around buying worthless virtual only products at silly premium prices. they totally went the wrong direction as their first VR debute of function utility and interactability a dragons tale 2.0 would have pushed things further far faster.. all it needed ultimately was a bit more DPI resolution refinement and a option to edit the avatars gender/facial features. and add in some voice communication instead of just text, and a bit more foot and arm control options. everything else (updating new building renders, having a payment system, etc) were already there
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the rfid chip under skin is a disastrous method
1. the chip is the key. anyone with a scanner (card cloner device) can swipe your key just walking passed you on the subway/street
2. those using such wont waste a day patient/local surgery of an implant just for an "extortion" wallet they would obviously use it for their retirement wallet. thus dangerous risk of easy loss by criminals doing street robbery/debit card/id cloning/thefts
3. 12 word wallet/brain remembered phrases are the only true "human wallet" of security. but note the risk of Alzheimer, dementia and amnesia. so keep a back up somewhere safe at home too
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@windfury you were the one talking about "defation in 2023" "Prepare to experience a big surge for Bitcoin like it was 2015 - 2017"
my responses where about those and responded by correcting the details of your hyper expectations.. (bringing you down to a more reasonable reality of expectations) you seem to have acknowledged not to expect bitcoin surges to the expectations you suggested in first post(well done), .. but you done so, by you deviating the narrative to be about fiat and no longer about bitcoin surge expectation
i did not derail or swerve the topic. i just noticed your swerves to avoid saying "ok logic looks like frankys expectations seem more reasonable"
so i observed the swerves and responded accordingly dont blame me for being frank
@doomad everyone can read you post history of the last 6 years every "scaling bitcoin" topic you jump in saying bitcoin should not change because [insert LN advert] as the solution to scaling
many examples of it . your post history show ample examples.. but thanks for changing your narrative now(took you years, but you got there finally) to be less snake oil overhyped over promise than before. something i have been telling you for those years.
its taken you time to learn to not over commit on the empty promise but dont back peddle now and go back to old salespitch scripts
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@leg-end yep windfury is correct and its why vitalik decided to call the smallest eth unit a wei many years ago, as he was always favouring/inspired to go the PoS route and follow the path of wei-dai for years, he just had to use PoW for eth first to create a community of interest due to PoW's good value policy(which PoS doesnt have). so he had to snare greed/value interest of people first to build the community before converting the community to vitalik long plan wishes(wait for the market speculation correction DOWN when he finally allows the code to un-stake)
@windfury you are now showing you are doing some research along with the examples in the MAHF topic. seems you are gaining confidence to do your own research and break away/not rely on the social spoonfeeds of the madhatter group(doomad/blackhat)
so . for now. ill refrain from calling you a default idiot. as long as you keep up the confidence to do your own research
do it for no one else, not even me. do it for your own mental wellness and your own fact finding efforts
do not fear the time it takes to do the research because even though it takes time. its less time then the years wasted finding social drama reasons to refuse to do the research for yourself
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in 2021 the non zero bottom value was $10k the premium in 2021 was $75k the market swung inside this window by movements between $25-70k ||||||||||||||| ^ ^ in 2022 the non zero bottom value was $15k the premium in 2022 was $95k the market swung inside this by movements between $16-50k |||||||||||||||||||| ^ ^
and in 2023 the current value premium possible window. and bitcoins current price v ||||||||||||||||||||
its still very much in the green and close to the (black) non zero bottom value its not as if you are advising they buy in the amber/red zone
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As to second layers, they are normally mere options for Bitcoin users. They don't necessarily tinker with Bitcoin's fundamentals codes. They may come and go. People have the option not to adopt them without leaving or abandoning Bitcoin itself.
until they are used as a weapon. an empty promise, never to be met.. a promise of never letting bitcoin scale because they made a flawed subnetwork bridge to bitcoin for people to "offboard to as the solution". even when they know that sub network is not going to solve anything. just being there as the option then disrupts bitcoin growth. the distraction played out by this buggy network become the issue of preventing bitcoin growth that said there are multiple other subnetwork bridge networks to bitcoin which have more utility, but the whole stupidity of being left in limbo, waiting for the one endorsed by core, becomes the problem its time to just call it.. T.O.D(time of death) to that promise wasted subnetwork.. that endorsed subnetwork has failed to launch in 6-8 years where other subnetwork bridges to bitcoin have succeeded in more utility in a year. which shows how badly directed the development was of the core endorsements
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having social networks with a form or economic penalty require enough features and desire to use the network for people to want to buy membership
there are too many free social networks .. so trying to get one that costs a 2000 sat membership fee(although cheap) is still a wall in of itself for entry desire.
plus even though its low. it then becomes not much of a penalty to still spam
this is why if you can make an algo that does recognise bad actions. such as posting revenge porn or racial topics. instead of deducting 1 sat. most social media would ban user for 1-14days or perma ban
after all losing 1 sat is not as harmful as not being able to interact with friends/people of common interests
idea's of economic penalty only work when their was a default economic cost baked in that was acceptable in the first place
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thanks for the link and proving you sre like a certain group of people that cant envision alternatives co-existing on same network...
case and point proven.
thanks for proving how you dont understand a consensus(byzantine generals solution) that allows decentralised brands to co exist under a unifying ruleset where they can all propose and either get accepted or not
oh. also proves how you are not even the first influencer to chant that narrative, thus your not even original in your thoughts..
your mantra is not original not the first time i heard it.. yet is the same boring centralist ideology of some people that core control and prefer to kick the alternatives off the network and ban their nodes from being peers(aka REKT) before any change of their proposals gaining any traction on the network
so thanks for proving my point
maybe one day you will come up with something original rather than just being an echo chamber of centralisation idealism
.. it is funny how you also cant tell the difference between core vs bitcoin or bitcoin vs core. (which shows how centralised you adore and love the brand) especially when you think i am against bitcoin.. when i mention the flaws of stuff CORE devs done.. if you cant tell the difference between my poles at CORE. vs the bitcoin network.. then you have really lost the plot and completely misunderstood what decentralised blockchain networks are and do and should be
but it seem you dont care. you just want to defend core like a teachers pet.. even though core devs admit to their positions and roles and how core has become a central point of failure
anyways. i am going to continue talking reviewing and critiquing core because.. heres a secret you dont realise. bitcoin is not self creating AI bitcoin is wrote by core since ~2014+
so they need to be reviewed and critiqued all the time to keep them from thinking they have yo much power that they abuse it too often they need to be watched and reviewed and told when they are overstepping
meanwile you can cry about me all you like thing is.. while you cry about me. you are just being a social drama queen not caring about the network . just wanting to pretend you are a centurion guard hoping to one day get paid for ass kissery
people need to know about core .. the devs involved in bitcoin. but you keep crying that you dont like the fact that i am being frank. even though i have made it as obvious as possible that yes i am being frank to you and to everyone.
im not hiding it in any way. i have made it as clear as possible that i am frank with everyone. i dont want recruits or ass kissers and i dont give none either.
what actually matters is we as network users review, critique and ensure the devs of the network are not abusing their position. and try to find ways to lesson their power over the network.. because.. thats what decentralisation is about
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Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery
recovery..? oh please take your inflation economics words/mindset and turn them upside down(bitcoin is deflationary by the way) the 2021 ATh was not a point of sustained value. it was a inflation bubble PREMIUM due to burst like all ATH do. the burst and recovery(correct down) back from a premium to near value point. which in 2022 was a $15k value bottom and a market price bottom of $16k the recovery happened. now its the growth. slow growth is good as it gives the time for the non-zero bottom value to grow too (below the market price). without the high speculation volatility bubble and pops of the market price going too premium to pop again soon
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what we have is whales on future contracts.. december saw a month long resistace spot wall created so futures whales can win the sub $17k bets in december 1st-8th at 17k 11th-18th at 21.5k 20th-28th at 23k
we shall see if the whales turn off their resistance spot bots and leave hem off or just set them at a new higher or lower resistance
i suspect theres another whale at a 25th-1st gamble of $23k
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I concur with franky1. The only way to turn into a human wallet is to remember your seed phrase. You can do whatever you want on Metaverse. However, not everything is achievable in real life. If someone discovers that you are the Bitcoin wallet, extortion will occur frequently.
just becasue a passphrase can generate lots of addresses does not mean you should put all funds onto one passphrase.. have 2 wallets a savings brain wallet.. and a extortion wallet you know like people store their main cash on their inside jacket and store just a couple bank notes in their back pocket. if ever accosted just hand them the wallet with least amount in and say "take all i have, it aint much" so tell them a passphrase of a small daily spend amount. not your main retirement fund
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if you can remember 12 words you can become a human wallet
if you can tell someone else those 12 words you can share ownership the person(#2) hearing those words becomes a human wallet and then uses a electronic wallet to secure his 2 owner wallet funds to become single human wallet funds by transfering it to human #2 new 12 word human wallet
the future is now
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