Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[billyjoeallen]

...
Don't you think pools would just point elsewhere?

They might, but it wouldn't help. ChiComGovPool would still have the asics, so unless we forked away from SHA256, they'd still be able to mount a 51% attack.

He might be confusing a huge factory farm passing itself of as two different pools (easy) with being able to actually hide the factory farm (drawing 999gadzigawatt/hr and having a thermal footprint of an erupting volcano) from the government.

yeah, a Bitcoin mine is a little bit easier to find and harder to move than a TOR node.  It's an unforeseen flaw in the PoW algorithm.

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[BlindMayorBitcorn]

^^

LOL

[Fatman3001]

nice, but its the blocks that matter and there we only see 1 block so far. pretty disappointing if you ask me.

Antpool hasn't switched yet. They're expecting to do so soon.

https://twitter.com/JihanWu/status/694080283407069184

What do you think would happen in a BJA Commiepocalypse situation?

Most Bitcoin companies in China are as committed and decent as any bitcoiner (cue lambie), but I'm not comfortable with having to trust a socialist dictatorship to not interfere. They don't have to nationalize anything. That's what you do in a country when you are used to having to justify your actions. The chinese government will only have to make a few phone calls. I don't see why they would do such a thing, but again, I don't like having to trust them.

[ImI]

nice, but its the blocks that matter and there we only see 1 block so far. pretty disappointing if you ask me.

Antpool hasn't switched yet. They're expecting to do so soon.

https://twitter.com/JihanWu/status/694080283407069184

What do you think would happen in a BJA Commiepocalypse situation?

Most Bitcoin companies in China are as committed and decent as any bitcoiner (cue lambie), but I'm not comfortable with having to trust a socialist dictatorship to not interfere. They don't have to nationalize anything. That's what you do in a country when you are used to having to justify your actions. The chinese government will only have to make a few phone calls. I don't see why they would do such a thing, but again, I don't like having to trust them.

true, but on the other hand if the chinese miners are cut off, basically nothing changes. diff maybe to high for a while but thats it.

[bargainbin]

...
yeah, a Bitcoin mine is a little bit easier to find and harder to move than a TOR node.  It's an unforeseen flaw in the PoW algorithm.

CPU mining on a PC was so perfect, such an incentive to get into Bitcoin: You get to make free money, you get to have a real wallet (full node), you get to be a real, honest-to-gosh complete *cell* of a truly decentralized network

...
true, but on the other hand if the chinese miners are cut off, basically nothing changes. diff maybe to high for a while but thats it.

The difficulty could be a huge problem, depending on how long before next diff. adjustment they're cut off. And, of course, there's the whole "Bitcoin insecurity" issue with ~75% hashpower waiting in the wings

[JayJuanGee]

Edit @JayJuanGee: Your post gets less stupid towards the end, particularly enjoyed this part:

You are so genius in your attempts to insinuate non-sense, with your apparent non-verbal abilities, and your likely simplistic thinking.        gotta see a bit of humour in that.     

[Fatman3001]

nice, but its the blocks that matter and there we only see 1 block so far. pretty disappointing if you ask me.

Antpool hasn't switched yet. They're expecting to do so soon.

https://twitter.com/JihanWu/status/694080283407069184

What do you think would happen in a BJA Commiepocalypse situation?

Most Bitcoin companies in China are as committed and decent as any bitcoiner (cue lambie), but I'm not comfortable with having to trust a socialist dictatorship to not interfere. They don't have to nationalize anything. That's what you do in a country when you are used to having to justify your actions. The chinese government will only have to make a few phone calls. I don't see why they would do such a thing, but again, I don't like having to trust them.

true, but on the other hand if the chinese miners are cut off, basically nothing changes. diff maybe to high for a while but thats it.

The best solution would be that they try to spread their hashing power on foreign pools. That way that can't be forced to do anything covertly. It strikes me as a bit odd that they haven't thought of this. At least if they understand what Bitcoin is about.

[JayJuanGee]

nice, but its the blocks that matter and there we only see 1 block so far. pretty disappointing if you ask me.

Antpool hasn't switched yet. They're expecting to do so soon.

https://twitter.com/JihanWu/status/694080283407069184

What do you think would happen in a BJA Commiepocalypse situation?

Most Bitcoin companies in China are as committed and decent as any bitcoiner (cue lambie), but I'm not comfortable with having to trust a socialist dictatorship to not interfere. They don't have to nationalize anything. That's what you do in a country when you are used to having to justify your actions. The chinese government will only have to make a few phone calls. I don't see why they would do such a thing, but again, I don't like having to trust them.

I'm almost entirely 50% certain that we should trust no one! How much damage could they do? Wacky double spends? Anything that couldn't be fixed?

Yeah!!!!!!!!!!


Bitcoin is based on trustless.   Trust no one!!!!!


CCMF!!!!!!!

[bargainbin]

... as committed and decent as any bitcoiner (cue lambie) ...

[ChartBuddy]

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[BlindMayorBitcorn]

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What is a Hyperchain?

[bargainbin]

Gentlemen, remember all the guffaws re. brain wallet vulnerabilities? Behold!

Password cracking attacks on Bitcoin wallets net $103,000
http://arstechnica.com/security/2016/02/password-cracking-attacks-on-bitcoin-wallets-net-103000/

[BlindMayorBitcorn]

Gentlemen, remember all the guffaws re. brain wallet vulnerabilities? Behold!

Password cracking attacks on Bitcoin wallets net $103,000
http://arstechnica.com/security/2016/02/password-cracking-attacks-on-bitcoin-wallets-net-103000/

To be fair, some of those people might be in prison.

[shmadz]

Have any of you actually listened to the Gavin interview?

https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-282-bitcoin-classic-with-gavin-andresen

First question was about national security letter, which of course he could not answer, second question?

"When were you co-opted and why are you trying to destroy bitcoin?"

Answer: (after 10 seconds of maniacal laughter and umming and awing) a couple years ago, and yes, I've stopped beating my wife.  <- making the question seem ridiculous is a common tactic for answering a question that incriminates you without lying. Anyone who was not compromised would simply and indignantly say "I am not compromised and I'm not trying to destroy bitcoin." But he doesn't, he admits to being compromised and then tries to imply the question is ridiculous so that, by association, his answer will also be considered ridiculous.


By his own words, he is compromised. It should have been obvious the minute he started advocating for 8GB blocks, but some of you are still oblivious.

Just listen to it, it's in the first two minutes of the show.

[billyjoeallen]

nice, but its the blocks that matter and there we only see 1 block so far. pretty disappointing if you ask me.

Antpool hasn't switched yet. They're expecting to do so soon.

https://twitter.com/JihanWu/status/694080283407069184

What do you think would happen in a BJA Commiepocalypse situation?

Most Bitcoin companies in China are as committed and decent as any bitcoiner (cue lambie), but I'm not comfortable with having to trust a socialist dictatorship to not interfere. They don't have to nationalize anything. That's what you do in a country when you are used to having to justify your actions. The chinese government will only have to make a few phone calls. I don't see why they would do such a thing, but again, I don't like having to trust them.

I agree with that. The problem is that they could shut us down or pressure the miners to adopt some "features" that benefit the Sate.  I don't know what those features may be, or even if they would bother us at all, but the fact that they can do it is contrary to the design and principles of Bitcoin.

[shmadz]

Seriously, Gavin was asked straight up "When were you co-opted and why are you trying to destroy bitcoin?"

Gavin answers with " a couple years ago - and yes I've stopped beating my wife - I guess is the only appropriate answer to that."

Who the Fuck would say something like that?

[BlindMayorBitcorn]

Have any of you actually listened to the Gavin interview?

https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-282-bitcoin-classic-with-gavin-andresen

First question was about national security letter, which of course he could not answer, second question?

"When were you co-opted and why are you trying to destroy bitcoin?"

Answer: (after 10 seconds of maniacal laughter and umming and awing) a couple years ago, and yes, I've stopped beating my wife.  <- making the question seem ridiculous is a common tactic for answering a question that incriminates you without lying. Anyone who was not compromised would simply and indignantly say "I am not compromised and I'm not trying to destroy bitcoin." But he doesn't, he admits to being compromised and then tries to imply the question is ridiculous so that, by association, his answer will also be considered ridiculous.


By his own words, he is compromised. It should have been obvious the minute he started advocating for 8GB blocks, but some of you are still oblivious.

Just listen to it, it's in the first two minutes of the show.

Nope. The question is pretty ridiculous.

https://en.wikipedia.org/wiki/Loaded_question

[billyjoeallen]

Seriously, Gavin was asked straight up "When were you co-opted and why are you trying to destroy bitcoin?"

Gavin answers with " a couple years ago - and yes I've stopped beating my wife - I guess is the only appropriate answer to that."

Who the Fuck would say something like that?

Someone asked a non-serious question gave a non-serious answer.  Gavin sounds more mentally balanced than you do.  You think the CIA and the CFR have mind control rays or something? You can't flip Gavin because he's a boring computer nerd who pays his taxes. he's boring. They have no control over a guy like that and if they did, you would see a change in his personality, and there hasn't been one. 

What was he supposed to say when invited by the CIA? Fuck off? How would that have helped us? He probably told them they could use it to pay their informants. It's what I would have said.

[shmadz]

Have any of you actually listened to the Gavin interview?

https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-282-bitcoin-classic-with-gavin-andresen

First question was about national security letter, which of course he could not answer, second question?

"When were you co-opted and why are you trying to destroy bitcoin?"

Answer: (after 10 seconds of maniacal laughter and umming and awing) a couple years ago, and yes, I've stopped beating my wife.  <- making the question seem ridiculous is a common tactic for answering a question that incriminates you without lying. Anyone who was not compromised would simply and indignantly say "I am not compromised and I'm not trying to destroy bitcoin." But he doesn't, he admits to being compromised and then tries to imply the question is ridiculous so that, by association, his answer will also be considered ridiculous.


By his own words, he is compromised. It should have been obvious the minute he started advocating for 8GB blocks, but some of you are still oblivious.

Just listen to it, it's in the first two minutes of the show.

Nope. The question is pretty ridiculous.

https://en.wikipedia.org/wiki/Loaded_question

" "Have you stopped beating your wife?" Whether the respondent answers yes or no, they will admit to having a wife and having beaten her at some time in the past. Thus, these facts are presupposed by the question, and in this case an entrapment, because it narrows the respondent to a single answer, and the fallacy of many questions has been committed.["

When asked such a question, why would you not answer with "I have never beaten my wife." Unless you have?

Also, if you truly had the best interests of bitcoin at heart, why would you propose 8GB block size?

I do not trust that snakey bastard.

[ChartBuddy]

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