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Question: Oct. 31 Closing Price:
$0 - 3 (5.8%)
<$7,000 - 5 (9.6%)
$7,000-$7,500 - 2 (3.8%)
$7,500-$8,000 - 4 (7.7%)
$8,000-$8,500 - 10 (19.2%)
$8,500-$9,000 - 9 (17.3%)
$9,000-$9,500 - 4 (7.7%)
$9,500-$10,000 - 3 (5.8%)
$10,000-$10,500 - 4 (7.7%)
>$10,500 - 4 (7.7%)
>$20,000 - 4 (7.7%)
Total Voters: 52

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21408861 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (109 posts by 22 users deleted.)
Rosewater Foundation
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July 03, 2018, 12:08:32 AM

OK GIVE ME SOME MERIT  Wink
no one has any
maybe buy copper membership so we don't have to click newbie links

I mean, it's a sexually transmitted disease. Should be fine to eat.
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July 03, 2018, 12:10:11 AM

Have you ever smelt koala droppings?


Edit:  Maybe this should be our next poll.  
mymenace
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July 03, 2018, 12:13:43 AM

Have you ever smelt koala droppings?

Have you. I do not know of much Aussies going round smelling koala shit


Anywho

Cannot wait

the return of Taaki one of bitcoins lead developers

http://www.wired.co.uk/article/amir-taaki-dark-wallet-cryptocurrency-bitcoin-revolution-catalonia

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July 03, 2018, 12:15:17 AM

Before you drop a caribou you have a smell to make sure everything is on the up and up. No reason to pay the fine if you can't eat the thing. I imagine it works the same in Oz only in reverse somehow.
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July 03, 2018, 12:15:57 AM

I know of a lot of Aussies who have gone for a walk under eucalyptus trees.  
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July 03, 2018, 12:17:25 AM

I know of a lot of Aussies who have gone for a walk under eucalyptus trees.  

Koala's do not live where Aussies walk
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July 03, 2018, 12:18:50 AM

Whats wrong with conspiracy?  Some things should absolutely be questioned until the truth is in a majority consensus.

I suppose.

Never say never, but does anyone really believe that segwit is going to get reversed due to lack of support?

I doubt it.

In the meantime, a variety of FUDsters will continue to denigrate segwit, and seem to cause even smart peeps to fail/refuse to use segwit features (and addresses) which will continue to carry out the intended behaviors preferred by the FUDsters - largely what seems to be a delay the inevitable, which is greater and greater segwit adoption.

Perhaps instead of having high levels (such as greater than 2/3) of segwit adoption in 2 years, it will take more than 4 or 5 years?  If they are successful in the FUD spreading, then I suppose it could take a while to get to majority and even convincingly majority status with segwit adoption, perhaps?

I've been thinking about that anunymint guys idea. Have we seen it play out before, on the etherium blockchain?

Is bitcoin close enough to ethereum to conclude that something that happened on ethreum (two years ago) would be reasonably feasible on bitcoin today?  or in the future?

He reckons that miners at some point will mine segwit coins to themselves as a 'donation' because (AnyoneCanSpend) in the (original bitcoin) protocol allows it to happen. This will trigger a fork in which the core supported chain would roll back to reverse that theft by miners.

Would that be a bit like the the Etherium DAO hacker helping himself to funds via the bug ridden piece of shit that it was?

You can argue that the problems with the ethereum contract language a couple of years ago is at a sufficiently high similarity to segwit language, but certainly, I don't understand that segwit language is anywhere near as sloppily written as DAO language - or even as powerful as the weakness that was in the DAO language.

In the etherium case, claim to immutability was lost because the transactions were rolled back, the chain forked and the immutable etherium classic was born.

I recall Ethereum claiming to be pro-hardfork well before the DAO attack, and they were lording over their "hard fork friendly" disposition and practice prior to the DAO hardfork that went a bit worse for them with the birth of ethereum classic.

In the ether case the market didn't care about immutability and the value stayed with Etherium leaving classic as an alt. Would the same follow for bitcoin core ?

Game theory, I suppose to see if a hardfork would occur in bitcoin or not because of such a supposed flaw?  Sounds more like speculative FUD spreading to me than a real possibility, but what do I know?

edit 1: In this scenario (if I understood it correctly) it will be quite hard for the core chain to continue to claim being the one true bitcoin I would have thought. But then again I thought that about etherium too at the time.

You are assuming that there is going to be a bitcoin hardfork under such circumstances.. don't we have to get there first, before assuming the rest?

edit 2: I'm not trolling just trying to think through the possibilities. I also don't think anunymint is trying to troll either. Nearly all the replies I read to his posts didn't directly relate to what he was trying to say.

If anunymint is so smart and so misunderstood, then why can't he be smart enough to figure out a better way to present his ideas, rather than attempting to lord over his supposed technological expertise and calling everyone other than himself dumb?  Furthermore, if he was so smart, then why doesn't he work with core to attempt to help solve the problem... Oh no?  Core folks are so dumb that they disregard the smartness of anunymint, who is the smartest person in the room.
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July 03, 2018, 12:19:07 AM

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-July/016189.html

Here are the Bitcoin alert keys for your pranking consideration.

Quote
ancient node (running v0.12.x or older)
little dig from kanzure there after his warm reception chez MP
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July 03, 2018, 12:20:46 AM

If you mean Potts Point and Toorak then yes.  There’s still an ass load of koalas round my part of town.
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July 03, 2018, 12:42:27 AM

Whats wrong with conspiracy?  Some things should absolutely be questioned until the truth is in a majority consensus.

I suppose.

Never say never, but does anyone really believe that segwit is going to get reversed due to lack of support?

I doubt it.

In the meantime, a variety of FUDsters will continue to denigrate segwit, and seem to cause even smart peeps to fail/refuse to use segwit features (and addresses) which will continue to carry out the intended behaviors preferred by the FUDsters - largely what seems to be a delay the inevitable, which is greater and greater segwit adoption.

Perhaps instead of having high levels (such as greater than 2/3) of segwit adoption in 2 years, it will take more than 4 or 5 years?  If they are successful in the FUD spreading, then I suppose it could take a while to get to majority and even convincingly majority status with segwit adoption, perhaps?

I've been thinking about that anunymint guys idea. Have we seen it play out before, on the etherium blockchain?

He reckons that miners at some point will mine segwit coins to themselves as a 'donation' because (AnyoneCanSpend) in the (original bitcoin) protocol allows it to happen. This will trigger a fork in which the core supported chain would roll back to reverse that theft by miners.


No, it won't roll back. Any block which includes any "steal" of Segwit "anyonecanspend" addresses would simply be rejected/orphaned by the nodes and miners supporting the consensus rules, that is what would automatically make the attackers be left in a new fork (no matter if they are 1% of hashrate or 99% at the moment of the attack).

Then, depending on how much hashrate they represent, would try to claim it is the legitimate chain and try to convince exchanges and other major players (currently running nodes with the consensus rules and with lots of money and credibility on stake) to switch to their chain by changing the software they are currently running to rollback and accept those invalid blocks or directly switch to the rogue chain.

P.S.: It should be noted that at the very moment those exchanges switch to the attackers fork they would be automatically bankrupt. So try to guess what is the probability of that to happen....

It sounds pretty drastic, and likely to happen.  new chain is going to be legacy only... fuck segwit!!!!!!!!!

Everyone abandon all segwit addresses, and revert to the safety of legacy.   Go legacy go.....  That way the trolls get their way while we extensively and completely prepare for an event that is about .00001% to happen.
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July 03, 2018, 12:50:06 AM

The Segwit theft would require a hard fork.

And if you are going to have a successful theft by hard fork, you may as well steal from the legacy addresses as well. 

This is just more Bcash lol bullshit.
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July 03, 2018, 12:56:48 AM

The Segwit theft would require a hard fork.

And if you are going to have a successful theft by hard fork, you may as well steal from the legacy addresses as well. 

This is just more Bcash lol bullshit.

Also referred to as a snowball's chance in hell, no?



In theory, might sound plausible, but in practice, not so much.
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what is this "brake pedal" you speak of?


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July 03, 2018, 01:00:21 AM

The Segwit theft would require a hard fork.

And if you are going to have a successful theft by hard fork, you may as well steal from the legacy addresses as well. 

the fork that results is basically nothing more than using only legacy address format coins (because they  have the on chain signatures that can prove ownership) on the current chain. you cant steal coins that follow the same rules that the fork have.
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July 03, 2018, 01:04:44 AM
Merited by Anon136 (1)

It’s still a hard fork which would be opposed by the vast majority of economic weight and users.   Go ahead and make your Bitcoin Plus Plus or whatever you want to call it. No one cares.

That’s why Bitcoin relies on consensus.  USAF taught us that miners don’t mean shit in Bitcoin.
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July 03, 2018, 01:07:50 AM

hacker monks to save bitcoin from itself

Amir Taaki

Now he's back, with radical plans for bitcoin – and the states of Western Europe


seems like nearly everyone forgot what bitcoin was about
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what is this "brake pedal" you speak of?


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July 03, 2018, 01:29:57 AM
Last edit: July 03, 2018, 01:43:37 AM by vapourminer

It’s still a hard fork which would be opposed by the vast majority of economic weight and users.   Go ahead and make your Bitcoin Plus Plus or whatever you want to call it. No one cares.

That’s why Bitcoin relies on consensus.  USAF taught us that miners don’t mean shit in Bitcoin.

i would rather rely on math that includes the signature information that proves the coins are mine on chain.

consensus can be a fickle beast, and what power wants and what the current consensus wants may differ in the future. there is a lot of money thats sitting in segwit. i do not want to underestimate the greed and power focused on that.

if/when this attack happens core will remain core with its segwit coins intact and the fork will be the fork, whatever name it chooses. my current legacy coins will remain safe on both. i dont care what the odds are of the fork becoming dominant are as its non zero, and i do not want my btc to be at non zero risk.

as always the choice is the users. this information exists, its up to the user to evaluate it for its risk to their wealth.
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July 03, 2018, 01:55:17 AM
Last edit: July 03, 2018, 02:05:49 AM by HairyMaclairy

Segwit signatures are still on chain they are just in a different spot.  Segwit moves the signature out of the input script and stores it in another part of the transaction on chain.

Speculating about future hard forks that might compromise Bitcoin security is pointless because any hard fork could compromise security in any number of ways.  And be rejected.  That’s what full nodes are for.  
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July 03, 2018, 02:02:18 AM

OK GIVE ME SOME MERIT  Wink
no one has any
maybe buy copper membership so we don't have to click newbie links

I mean, it's a sexually transmitted disease. Should be fine to eat.

I know a thing or two about eating STD riddled
ah nevermind

I saw a nature show with Koalas mating. The male Koala brutally raped the female. He bit her neck so hard she was bleeding. God save the queen.
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July 03, 2018, 02:08:10 AM
Merited by Ibian (1)


I saw a nature show with Koalas mating. The male Koala brutally raped the female. He bit her neck so hard she was bleeding. God save the queen.

pro tip

do NOT google duck sex
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July 03, 2018, 02:23:19 AM


I saw a nature show with Koalas mating. The male Koala brutally raped the female. He bit her neck so hard she was bleeding. God save the queen.

pro tip

do NOT google duck sex

Eww  Embarrassed
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