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

[Torque]

I'll agree that it is by no means known that they will do so. But it is also by no means known that they will not. Funny that for all the lip service Core gives to security, and the rather dim view that many if not most Core devs have of miners, that they would introduce such a vulnerability.

You mean a vulnerability like the 0 conf in BCash that allows double spends galore?

[1714032837]

1714032837

[becoin]

A 51% miner gets to declare that what were formerly segwit transactions are now anyonecanspend transactions.

Declare? What a funny bs... You can declare whatever you want. Nobody cares what you declare being a 51% or 99% miner. What matters is the tx signature!

[miner987]

51% HP is not enough for any reasonable attack. 75% maybe...

[JayJuanGee]

The miners and wealthy elites know what's coming (or what may come), so they're storing their coins in legacy addresses. So, only the plebs like us will be screwed, and no one will give a shit.

Signature:
I do not accept segwit outputs as payment, nor send them.

Some of us will be ok.

Who is going to wear that "theoretical" signature?

[Vin]

Oh joy. New bottom-testing ?

Bottoms again and again.
It`s boring 

[Last of the V8s]

The miners and wealthy elites know what's coming (or what may come), so they're storing their coins in legacy addresses. So, only the plebs like us will be screwed, and no one will give a shit.

Signature:
I do not accept segwit outputs as payment, nor send them.

Some of us will be ok.

Who is going to wear that "theoretical" signature?

moi. I've been wearing that for a good while.

[jbreher]

- Non-segwit transactions require 51% of the hashpower and a private key to steal. Segwit transactions just require 51% of the hashpower.

You statement is very confusing since you are taking about two things: a) 51% attack and b) stealing coins.
How can you steal coins without private keys on Bitcoin?  What kind of bull shit is this?
Please enlighten me!

You haven't been listening. A 51% miner gets to declare that what were formerly segwit transactions are now anyonecanspend transactions. After all, that would merely be reversion to the consensus rules that existed before segwit activation (by a so-called 'compatible soft fork'). What happens to an anyonecanspend transaction? It's output is literally assignable to anyone. If you are mining, you are you going to assign that value to other than yourself? If you solve the block, they're yours.

Funny thing however, is that it is arguably not stealing, as it is merely operating under the existing consensus rules. Ones that were universal before some misguided individuals promulgated the idea that they were something other than anyonecanspend.

A 51% miner could just increase the block reward to whatever arbitrary amount they feel like...

But that would not be employing previous consensus rules. It would be a completely new fabrication.

[mymenace]

Pretty much this.

I wonder If any of these people will be able to make a public appearance after a coup like this.



See this photo?

Do you think any of these 3 are bold enough to trigger a world war and strong enough to survive through it? Are they brave enough to spend the rest of their lives in an underground bunker with the fears of getting killed at any second?

All I see here is 3 *aggots.

Yeah right.  You think that they can really generate enough folks to follow their narcisistic leadership path?  

It seems that your last sentence tells most of it... they are not inspiring enough.. maybe they need a new leader?  Gavin Andressen?  

He is the one leading them

they all follow his code

ideological views

everything

oh and CIA (Some old defunct organization being overun by patriots)

[jbreher]

You mean a vulnerability like the 0 conf in BCash that allows double spends galore?

BCH does not have any zero conf vulnerability that BTC avoids. You know that, right?

[jojo69]

[Last of the V8s]

I say we nuke it from orbit. It's the only way to be sure.

[RayX12]

Nobody is going to steal my coins, they are on a Bitcoin address. so fuck you all who continue to FUD about nothing but theories of 51% attack and making Bitcoin worthless.
I sense there is an effort to tank the price to lower lows so they can fill they bags.

[TReano]

For the current leg, and I repeat myself yet again, why was segwit better than simply doubling the blocksize? Nobody seems willing to explain that bit, for whatever reason.

Answer why doubling the block size is even needed at this point in time. With actual logic and facts to back your argument.

Because using LN requires opening channels on chain. To do this in a decentralized fashion, LN can onboard no more than several hunnert thousand peeps per day.

Several hundred thousand peeps opening/closing LN channels per day seems a bit overkill currently, don't you think?

Currently? Yes.

But I thought LN was supposed to be a scalability solution. And eliminate the benefit of bigger blocks.

hahahahahahahaha

[JayJuanGee]

Welp. We know how high level money and power works. When it's financially worthwhile to do so, someone will get together the required processing power and buy off the proper authorities and make an honest attempt to steal segwit coins. Whether it succeeds or fails, it will be a big blow to the faith people have in the system (bitcoin in all its forms, authorities, moneyed people (us, even if simply by association)).

Just the first line in your post sold it for me. What in the actual fuck.

I feel dumb. I've been a segwit cheerleader without knowing all the facts. I see now that some of it is tribalism, as you mentioned earlier.

Anyway, it's what we've got now, and I still support Bitcoin. I won't be keeping my cold storage coins in a segwit address though.

Seems like you are transitioning over to the darkside, infofront?

Your skepticism seems a bit overkill, and you should keep in mind that part of the power of any attack on bitcoin, including segwit as an implementation would be to scare many of us not to use, it, and then the attackers are able to win the battle... So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses (out of your likely exaggerated fears).

May I introduce you to Rosewater?

[Rosewater Foundation]

I'm too dejected to come up with something snappy. Someone do me a solid, tell Jay to fuck himself with some style. k thx

[JayJuanGee]

First ever burned merit. Odd

Today at 07:52:35 PM: 1 to fluidjax for (Deleted/Off-limits/Ignored)

Sorry, thanks for the merit but I deleted the post. The thread feels unpleasant when I get trolled but am taking the conversation seriously.

The more seriously you take the conversation, the more likely you are going to get trolled.

Even otherwise genuine posters might take a poke at you, if you attach too much sentiment to your posts/ideas.  You can still present serious ideas without getting emotionally attached to stupid-ass responses that others might make to distort or distract.... and you should already realize that it is the job (mission) of the troll/shill to cause distortion and distraction.

[JayJuanGee]

I'm too dejected to come up with something snappy. Someone do me a solid, tell Jay to fuck himself with some style. k thx

Don't you know nuttin?


Imitation is one of the best forms of flattery.   

[TERA2]

[Last of the V8s]

I'm too dejected to come up with something snappy. Someone do me a solid, tell Jay to fuck himself with some style. k thx

Don't you know nuttin?
Imitation is one of the best forms of flattery.   

Jay, fuck yourself with some style.
Oh wait, you already did. So. Many. Times.

[JayJuanGee]

Alright look guys. This whole bcash shill thing needs to stop. It has become an automatic reaction for some of you. Kind of like how SJWs call everyone nazis.

There is a simple test for these things. If you can't say something positive about your opponents, then you are the ideologue. Let's have a group exercise this morning. Say something nice about bcashers.

Get the fuck out of here with that "nice" talk.  

*cough* fag *cough*

Bitcoin headed to $1000, tons of altcoins are going to disappear up their own ass and the next set of altcoins (bitcoin included) will depend on what exchange emerge strong.

Since really every person was talking about Bitcoin during the last Bullrun, I think there is too much weight on it in order to have the crazy and relentless growth we saw the last time.

My guess: And established modern Altcoin could overtake Bitcoin easily with the next crypto bull run.

You must be like the thousandth person to say that

something original could be better

Wasn't this the same point about the last run too?  We had the flippening, the cashening, the rippling, the dashening.. and perhaps some other pump and dump lame shitcoin bitcoin is dead prognostications.

They are actually (whatever you want to call them) deep state funded central banker intelligence backed cia attacks

Could be some of that going on, but surely not completely.

Started back with the very first ddos attack on this forum

Likely before my time.  I doubt that all ddos attacks on bitcoin related matters are either government or bank funded.

Then the hacks

The altcoin war

Big block debate

Forked coins bcash

and Gavin Andreesssseeenn and his cronies on here behind it all

only a few bad actors
etc etc etc


The question will always remain and very important in any argument


Why is bitcoin being attacked?

I will give it to you that there is motive, and likely some inferential evidence of government and financial institutional funding, but I doubt the evidence is either direct or conclusive.  That is why we usually would not want to live our lives as if everything is a conspiracy theory, but continue to take such information and possibilities into account for marginal case contributions or otherwise contributing to some of the direction (at times).