Spaceman_Spiff_Original
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February 19, 2018, 09:59:01 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. It is the longest valid chain. What is valid is up to the collective of users, and different users can have different preferences. Luckily, there is a clear leader in terms of number of users and market cap. However, if bitcoin (core) and bitcoin cash had an equal amount of supporters, we might have a hard time determining which one would be named bitcoin.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Ibian
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Activity: 2268
Merit: 1278
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February 19, 2018, 10:04:04 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. It is the longest valid chain. What is valid is up to the collective of users, and different users can have different preferences. Luckily, there is a clear leader in terms of number of users and market cap. However, if bitcoin (core) and bitcoin cash had an equal amount of supporters, we might have a hard time determining which one would be named bitcoin. The one that supports pre-fork coins. This is not difficult.
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itod
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Activity: 1974
Merit: 1075
^ Will code for Bitcoins
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February 19, 2018, 10:04:07 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. Bitcoin White paper, first paragraph, Abstract: Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone. Source: https://bitcoin.org/bitcoin.pdfI don't get how can you disagree with the definition? Edit: Section 4. is even more explicit: The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is.
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Spaceman_Spiff_Original
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February 19, 2018, 10:07:02 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. Bitcoin White paper, first paragraph, Abstract: Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone. Source: https://bitcoin.org/bitcoin.pdfI don't get how can you disagree with the definition? First of all, I don't read the white paper as gospel. But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.
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itod
Legendary
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Activity: 1974
Merit: 1075
^ Will code for Bitcoins
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February 19, 2018, 10:11:36 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. Bitcoin White paper, first paragraph, Abstract: Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone. Source: https://bitcoin.org/bitcoin.pdfI don't get how can you disagree with the definition? First of all, I don't read the white paper as gospel. But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional. Edit from above: Section 4. is even more explicit: The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is. It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is.
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bitserve
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Activity: 1652
Merit: 1345
Self made HODLER ✓
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February 19, 2018, 10:14:48 PM |
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This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.
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Spaceman_Spiff_Original
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February 19, 2018, 10:16:25 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. Bitcoin White paper, first paragraph, Abstract: Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone. Source: https://bitcoin.org/bitcoin.pdfI don't get how can you disagree with the definition? First of all, I don't read the white paper as gospel. But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional. Edit from above: Section 4. is even more explicit: The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is. It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is. I would bet that the majority of Core devs disagree with your definition, as would most users if push came to shove (if miners went a different direction from user needs) but hey, I'll try not to derail the thread for 2 nights in a row, so I'll quit this discussion.
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Ibian
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Activity: 2268
Merit: 1278
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February 19, 2018, 10:19:11 PM |
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This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.
That is what proof of work means. The amount of processing power put into it.
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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February 19, 2018, 10:20:40 PM |
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Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?
jbreher, just stop it. By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. I disagree. Bitcoin White paper, first paragraph, Abstract: Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone. Source: https://bitcoin.org/bitcoin.pdfI don't get how can you disagree with the definition? First of all, I don't read the white paper as gospel. But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional. Edit from above: Section 4. is even more explicit: The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is. It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is. I would bet that the majority of Core devs disagree with your definition, as would most users if push came to shove (if miners went a different direction from user needs) but hey, I'll try not to derail the thread for 2 nights in a row, so I'll quit this discussion. It doesn't matter who disagrees. The inventor defines what his creation is. If other people change it, then it is something else.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 19, 2018, 10:20:52 PM |
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Can we go back to arguing about child support?
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itod
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Activity: 1974
Merit: 1075
^ Will code for Bitcoins
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February 19, 2018, 10:21:41 PM |
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This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.
It's obvious that Satoshi thought about all this when he repeated the definition several times, including: "The longest chain which has the greatest proof-of-work effort invested in it" in section 4. He had hard-forks in consideration, so the only thing that he thought of worthy differentiating between forks is what he stated above. There's no other way to be sure which chain is Bitcoin.
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Ibian
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Activity: 2268
Merit: 1278
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February 19, 2018, 10:21:57 PM |
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Can we go back to arguing about child support?
Annoying but necessary. Alimony, on the other hand...
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bitserve
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Activity: 1652
Merit: 1345
Self made HODLER ✓
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February 19, 2018, 10:25:38 PM |
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Can we go back to arguing about child support?
As long as they are YOUR childs OR ones you FREELY AND CONCIOUSLY opt to support, everything is ok 
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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February 19, 2018, 10:26:28 PM |
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Elwar: can you create colored coins or ERC-20 style tokens?
Colored coins might be possible but a smart contract would still be required. I wouldn't use an ethereum token because I don't want to go down that path and confuse users with ethereums. Great. Let me explain myself. Global equity markets are going to slowly transition onto public blockchains. It’s going to start this year. We need to be able to offer equity instruments (eg shares) on Bitcoin or a side chain or second layer. If we don’t, another public blockchain will fill the hole. The Gibraltar Stock Exchange will probably be the first to offer regulated securities on a public blockchain. Others will follow quickly. Eventually LSE, NYSE etc will see the writing on the wall. I don't follow. Suddenly altcoins are a thing? They are so easy to rekt. And the current contenders are full of vulnerabilities.
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El duderino_
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Activity: 2100
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BTC + Crossfit, living life.
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February 19, 2018, 10:28:42 PM |
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Breaking 24777$ prediction game FINAL LIST 27/12/2017 bikerleszno  29/12/2018 cAPSLOCK  30/12/2017 digithusiast  31/12/2017 Raja_MBZ  01/01/2018 elg  02/01/2018 wachtwoord  03/01/2018 JimboToronto  04/01/2018 d_eddie  05/01/2018 BTCMILLIONAIRE  06/01/2018 HanvanBitcoin  07/01/2018 ghandi  08/01/2018 savetherainforrest  09/01/2018 explorer  10/01/2018 bicoinpsycho  11/01/2018 Bitcoinaire  12/01/2018 speedwheel  13/01/2018 undeadbitcoiner  14/01/2018 northypoale  15/01/2018 ivomm  16/01/2018 maca068  17/01/2018 bitcoinvest  18/01/2018 last of the v8s  19/01/2018 mfort312  20/01/2018 1982dre  21/01/2018 flamast2  22/01/2018 RealMachasm  23/01/2018 willope  24/01/2018 kartala  25/01/2018 orpington  26/01/2018 rolling  27/01/2018 LFC_bitcoin  28/01/2018 jojo69  29/01/2018 CristiTCM  30/01/2018 rayX12  31/01/2018 realsteelboy  01/02/2018 twocorn  02/02/2018 mancroofer  03/02/2018 True Myth  04/02/2018 poolminor  05/02/2018 itod  06/02/2018 scheptan  07/02/2018 vapourminer  08/02/2018 alexeft  09/02/2018 siera  10/02/2018 AlcoHoDL  11/02/2018 Dunkelheit667  12/02/2018 yonton  13/02/2018 Wekkel  14/02/2018 Thekool1s  15/02/2018 starmman  16/02/2018 Globb0  17/02/2018 leveldkrypto  18/02/2018 olesh  19/02/2018 BitCoinBurger  20/02/2018 Paashaas 21/02/2018 flynn 22/02/2018 icygreen 23/02/2018 erisdiscordia 24/02/2018 phil_s 25/02/2018 sirazimuth 26/02/2018 Arriemoller 27/02/2018 yonton 28/02/2018 Muttley 01/03/2018 bones261 02/03/2018 heater 03/03/2018 soullyG 04/03/2018 InvoKing 05/03/2018 Notme 06/03/2018 sa_94 07/03/2018 NUFCrichard 08/03/2018 Imbatman 09/03/2018 Roombot 10/03/2018 STT 11/03/2018 badream 13/03/2018 erre 14/03/2018 julian071 15/03/2018 podyx 17/03/2018 fragout 18/03/2018 fabiorem 21/03/2018 dakustaking76 23/03/2018 nikauforest 31/03/2018 vroom 01/04/2018 somac. 02/04/2018 kurious 04/04/2018 fluidjax 05/04/2018 bitcoinbunny 08/04/2018 tyler1890 10/04/2018 ludwigvon 11/04/2018 hairymaclairy 16/04/2018 practicaldreamer 18/04/2018 free-bit.co.in 27/04/2018 drbrockoin 01/05/2018 sprinkles 02/06/2018 oblox 07/07/2018 IntroVert 03/08/2018 toxic2040 28/08/2018 bitserve 15/10/2018 Yefi 05/11/2018 mikenz 31/12/2018 melman2002 01/01/2019 Spaceman_Spiff_Original 12/02/2019 FractalUniverse 21/04/2019 gentlemand 20/02/2020 romneymoney 18/12/2021 luckygenough56 UPDATE AND GOOD LUCK !!! lets keep the price going almost half way of the target to reach here 
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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February 19, 2018, 10:31:46 PM |
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Shares on a public blockchain are going to be a thing. Real shares. Like Apple and Amazon and even Berkshire Hathaway. Not this pretend kindergarten shit we have had so far.
But Bitcoin needs a way to record and transfer these shares. Like colored coins. There are a bunch of contenders for which public blockchain will win. It will not be Ripple or Stellar. ETH is the obvious threat but they have their own problems right now.
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bitserve
Legendary
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Activity: 1652
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Self made HODLER ✓
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February 19, 2018, 10:36:05 PM |
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Shares on a public blockchain are going to be a thing. Real shares. Like Apple and Amazon and even Berkshire Hathaway. Not this pretend kindergarten shit we have had so far.
But Bitcoin needs a way to record and transfer these shares. Like colored coins.
I donno, a lot of legislation would need to change for that happen. Maybe I could envision one blockchain controlled by notaries where they would register property transfers... but not a P2P real estate blockchain with no authrorized third party involvement needed.
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mymenace
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Smile
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February 19, 2018, 10:42:05 PM |
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Shares on a public blockchain are going to be a thing. Real shares. Like Apple and Amazon and even Berkshire Hathaway. Not this pretend kindergarten shit we have had so far.
But Bitcoin needs a way to record and transfer these shares. Like colored coins.
I donno, a lot of legislation would need to change for that happen. Maybe I could envision one blockchain controlled by notaries where they would register property transfers... but not a P2P real estate blockchain with no authrorized third party involvement needed. companies will make their own coin and shares will be tied to this
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bitserve
Legendary
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Activity: 1652
Merit: 1345
Self made HODLER ✓
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February 19, 2018, 10:45:56 PM |
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Shares on a public blockchain are going to be a thing. Real shares. Like Apple and Amazon and even Berkshire Hathaway. Not this pretend kindergarten shit we have had so far.
But Bitcoin needs a way to record and transfer these shares. Like colored coins.
I donno, a lot of legislation would need to change for that happen. Maybe I could envision one blockchain controlled by notaries where they would register property transfers... but not a P2P real estate blockchain with no authrorized third party involvement needed. companies will make their own coin and shares will be tied to this But that needs to be authorized/recognized on a higher state/legal level. Otherwise public property registers are the only valid reference, no matter what ANY "blockchain" says.
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