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

[Fatman3001]

Crassic keeps failing like this means it should be at 1500 nodes next week?

There is a sybil attack occuring as we speak , and the sad thing is that many Classic supporters that are participating in the sybil attack have good intentions and not aware that they are weakening the security of our network. This isn't a Core vs Classic disagreement , because Core devs criticised when an exchange spun up 100 Core nodes... and rightfully so.

The intentions of the person spinning up nodes is only is half the problem. If one person or company spins up many nodes that is indeed a sybil attack and weakens the security of our network regardless of their intentions. It centralizes nodes, gives a false signal to the network that its healthier and more decentralized than it actually is, an can be used as an attack vector if that individual is compromised(even if their intentions are well founded) . This has nothing to do with the implementation debate and everything to do with understanding the potential security implications of an individual spinning up more than one node. This should always be discouraged regardless of it being a core node, XT, node, Classic node, ect... 1 node per economic agent- whether it be a company, SPV wallet, individual, miner, ect.... 1 node each. There is no way of stopping someone creating more but this practice should be discouraged as it weakens bitcoin and is indeed a type of Sybil attack.

Some Bitcoiners actually prefer radical transparency to paranoid defensiveness. Think about it.

Those aren't mutually exclusive... in fact , transparency is one thing I'm advocating to deflect these types of attacks.

So if someone wants to support the network by running 10 HQ nodes with fiber, that's a problem in your mind?

[Fatman3001]

$10 up and the entire network is clogged up.

go bitcoin


Edit: You know what to do. Appreciate!: https://bitcointalk.org/index.php?topic=1305286.msg13368792#msg13368792

Well if the network is clogged up they'll have to react quickly at least!

No. They say it's not clogged up. Users are just being stupid for wanting to send transactions all at the same time. You know, like congestion charge around the time everyone needs to go to and from work. Why don't people just go to work at 2 am?

[WeltMaster]

everything is fine

[xslugx]

$10 up and the entire network is clogged up.

go bitcoin


Edit: You know what to do. Appreciate!: https://bitcointalk.org/index.php?topic=1305286.msg13368792#msg13368792

Well if the network is clogged up they'll have to react quickly at least!

No. They say it's not clogged up. Users are just being stupid for wanting to send transactions all at the same time. You know, like congestion charge around the time everyone needs to go to and from work. Why don't people just go to work at 2 am?

Well if they don't react Classic is going to hit them hard that's for sure.

[xslugx]

everything is fine

What? Could we have some further explanation O master?

[Adrian-x]

Coin



Explanation

Yeah the network is fucking clogged xD

LOL'ed, thanks, it may be a strategy to lock up old coins.  

[Adrian-x]

$10 up and the entire network is clogged up.

go bitcoin


Edit: You know what to do. Appreciate!: https://bitcointalk.org/index.php?topic=1305286.msg13368792#msg13368792

Well if the network is clogged up they'll have to react quickly at least!

Takes 1 year from when you start to react quickly. problem is we've been debating why we don't need to start for since 2013.

[Fatman3001]

$10 up and the entire network is clogged up.

go bitcoin


Edit: You know what to do. Appreciate!: https://bitcointalk.org/index.php?topic=1305286.msg13368792#msg13368792

Well if the network is clogged up they'll have to react quickly at least!

No. They say it's not clogged up. Users are just being stupid for wanting to send transactions all at the same time. You know, like congestion charge around the time everyone needs to go to and from work. Why don't people just go to work at 2 am?

Well if they don't react Classic is going to hit them hard that's for sure.

Not anytime soon. Last word from Bitcoins russian and chinese miner overlords is that they support core.

[Adrian-x]

Those aren't mutually exclusive... in fact , transparency is one thing I'm advocating to deflect these types of attacks.

So if someone wants to support the network by running 10 HQ nodes with fiber, that's a problem in your mind?

actually a 2MB block is about the same size as an average webpage over the last 2 years. It's not about bandwidth or capacity, its about control and investment FUD.  

the bitcoin network can handle the equivalent of 1 webpage every 10 minus. If one is concerned you should upgrade, this isn't 1995.

[ChartBuddy]

Coin



Explanation

[bitebits]

Wow. The explosion of puss, poison, and vitriol seems to suggest some kind of boil has been lanced.

Crassic has failed, what's next now on the maximally FUD bitcoin agenda I wonder?

Do you realize like this you are FUDding as much? I liked the old marcus_of_augustus better, all the trolling got to you.

[Fatman3001]

$10 up and the entire network is clogged up.

go bitcoin


Edit: You know what to do. Appreciate!: https://bitcointalk.org/index.php?topic=1305286.msg13368792#msg13368792

Well if the network is clogged up they'll have to react quickly at least!

Takes 1 year from when you start to react quickly. problem is we've been debating why we don't need to start for since 2013.

I don't care if Core has the most and/or best coders. This kind of bumbling clusterfuck should lead to the lot of them losing their status. Whether they were actively procrastinating or just keeping their heads down as cowards. The number of fucks given are rapidly approaching zero.

Those aren't mutually exclusive... in fact , transparency is one thing I'm advocating to deflect these types of attacks.

So if someone wants to support the network by running 10 HQ nodes with fiber, that's a problem in your mind?

actually a 2MB block is about the same size as an average webpage over the last 2 years. It's not about bandwidth or capacity, its about control and investment FUD.   

the bitcoin network can handle the equivalent of 1 webpage every 10 minus. If one is concerned you should upgrade, this isn't 1995.

The guy was claiming that running more than 1 node is a sybil attack.

[bitebits]

Ultimately I agree with your conclusion that Gavin his not coming off as trustworthy

I think you should quit the ad hominem attack. You are hurting Gavin and Bitcoin in general, this adds absolutely nothing to the debate.

[Adrian-x]

Wow. The explosion of puss, poison, and vitriol seems to suggest some kind of boil has been lanced.

Crassic has failed, what's next now on the maximally FUD bitcoin agenda I wonder?

Do you realize like this you are FUDding as much? I liked the old marcus_of_augustus better, all the trolling got to you.

i'm sure his ID has been compromised along with theymos, I used to respect the old marcus_of_augustus, he was an independent thinker.

[Meuh6879]

actually a 2MB block is about the same size as an average webpage over the last 2 years. It's not about bandwidth or capacity, its about control and investment FUD.  

do a resync of the blockchain :
- first 30Gb = 6 years of Bitcoin
- last 30Gb = 1 years and 8 week of ... Bitcoin

Yes, SegWit is safe heaven for privat node.

[Fatman3001]

Wow. The explosion of puss, poison, and vitriol seems to suggest some kind of boil has been lanced.

Crassic has failed, what's next now on the maximally FUD bitcoin agenda I wonder?

Do you realize like this you are FUDding as much? I liked the old marcus_of_augustus better, all the trolling got to you.

i'm sure his ID has been compromised along with theymos, I used to respect the old marcus_of_augustus, he was an independent thinker.

I'm sure the real Marcus would let us know if that happened. Marcus is just cranky and paranoid.

[lister storm]

oh the price is growing very fast, its the perfect time to buy bitcoins right now i think, lets hope the tendencies will be positive for a while

[BlindMayorBitcorn]

Nicolas is gathering some interesting data on the ongoing Sybil attack-

http://0bin.net/paste/Hk1ooypyQ7oxCLqV#JfIph4rAPpm-u6s37vb6s549qQkJa4o/hkZ8fa2UvEk

https://imgur.com/a/jweYf

How's that purge going?

Edit: (Not a collectivist purge at all, of course. A free and tree hugging, rainbow kissing anarchist purge.)

I have to admit I miss lurking around the gold thread. The forum is kind of a husk of what it was.

bitco.in/forum is healthy and going strong

I’d be sad to leave friends behind. Marcus and iCEBREAKER would be lost without me.

[ChartBuddy]

Coin



Explanation

[Dotto]

it is weird how this debate about blocksize has become such a fucked up poisoned clusterfucked fuck up. is that normal? is this how schisms happen? frustrating as hell.

Bigger size mines