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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26964989 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. (174 posts by 1 users with 9 merit deleted.)
HairyMaclairy
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December 28, 2018, 03:16:07 AM

Anything requiring physical access isn't scary.
HairyMaclairy
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December 28, 2018, 03:18:25 AM

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If Klein put them into an encrypted wallet, it's likely no one will spend those coins until quantum cryptography begins freeing them up.

Coins mined in the first two years of bitcoin's existence are not safe from quantum attack.

I have long said that Satoshi's bitcoin are a quantum canary. Once we see them begin moving, we will now that someone in the world has a functioning advanced quantum computer.

It's just too big a prize not to be the first thing that you do with a QC. I would even expect governments employees to try this if they had access.

If, on the other hand, we see all Satoshi coins move at once, that means someone has the private key.

Because Satoshi kept each 50 BTC distribution from his mining in a separate wallet. And even QC takes a lot of time to crack even those early wallets. Months or longer I would expect.

The other possibility is that someone with a QC could crack wallets and then not move the bitcoin, waiting to move it all later. But this is unlikely because they must fear that someone else is attempting the same thing and could beat them to the punch if they wait.

So, if we see say 5 or 10 Satoshi wallets move all at once, then that should also be considered a QC event as well. 10 wallets, randomly chosen from the Satoshi blocks, would not be a huge risk to wait to move.

The point in waiting is that the minute a Satoshi block moves, the market will react very negatively, because we can expect those coins to be freed up and reach the markets, bringing the price down.

So, whoever first has a QC and begins targeting bitcoin, they will move those coins and sell them quickly.

Then the sh!t will hit the fan.

I wonder how the devs will react then. Should we move to lock down those early coins so they cannot be stolen? Historically the devs have opted against such things.

hmmmmm

Meh.  Its about time we had some QC FUD.  I have been missing it. 
Hueristic
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December 28, 2018, 03:18:45 AM

They lost the main architect on their mining chips if I remember it right, they took forever to get this last miner out and I would say the enemies are at the gate as efficiency comes, and those wanting to mine drops.

Fuck Bitmain and their wanting to be king of crypto they wanting their antcoin or whatever it was called and then gave up to join btrash.

Fuck em.

He's their competition now. Smiley




Quantum resistance is a complicated question on so many levels we probably are not even foreseeing all the angles it can effect. Are there Devs specifically tasked to contingency plan for this?



Anything requiring physical access isn't scary.

True that.

Quote from: Hueristic link=topic=178336.msg48922722#msg4
Link to the thread?

https://bitcointalk.org/index.php?topic=5080565.0

It's VB1001's first thread and it is having some interesting success.

thanks +1 sM
bitserve
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December 28, 2018, 03:19:45 AM
Last edit: December 28, 2018, 03:29:50 AM by bitserve

I don't see it scary. I have always assumed that anyone having physical access to my hardware wallets and some resources to spend to reverse engineer the content of the memory chip would end having access to my private keys. The cost is probably higher than my Bitcoin stash.... but not yours. Anyway, don't fucking let anyone else to have physical access to your hardware wallets?

The other vulnerabilities seem to reside on the possibility of you trusting a hardware wallet which firmware has been tampered with. Again, doesn't scare me. I know my firmwarez, yo.

That being said, for VERY HIGH amounts, you could just use an offline PC *AND* a hardware wallet that is never connected to an online PC. Sign the tx, Carry it to an online computer via USB and broadcast it to the network with ANY software wallet (ie Electrum). Can't get much safer and paranoid than that.

For 100+ BTC stashes I would surely be doing that.
Hueristic
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December 28, 2018, 03:25:17 AM

i used to be a somebody Sad

Ha, I just put that on 2 days ago!






all I need is this theymos

Brooke my rule you made me Lol. +1sM
Arriemoller
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December 28, 2018, 03:29:26 AM

Getting too old for electronic diffs, too old for lightning browser plugins, too old for millions wasted on disposable toys that go jolly fast and obliterate muh environment, too old for one weird company's blockchain shoved down at me from space.
There's a fucking war on.
These fuckers should all rally round designing and producing the only things that matter: chips free from govt control, miners that go jolly fast and obliterate only the tip of muh environment, software that is not as bloated, shonky and illegible as JJG's 'Memoirs and Musings: My Bookywook (volumes 1 thru 34)(part I)' and then and only after that, vehicles that are useful for the coming world with no roads and no electricity, a wealth of fallout, guns, bandits and finally, vast open spaces free at last from the the poor, the stupid, the hungry.

Well, at least the poor, the stupid and the hungry seems to be disappearing, it's of course the same people.
They are hungry because they are poor and they are poor because they are stupid. Stupid people won't get well paid jobs, if they get any at all.
I read somewhere that the increasing average IQ in the world, the Flynn effect, is not because we are all getting a little smarter for every generation, nor is it because we are getting more of the really smart people. It's actually because we are getting fewer and fewer dumb people in the world for every generation.
To put it bluntly, the losers aren't finding any mates, and thus do not procreate, thereby not spreading their stupid genes to a new generation.
Hueristic
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December 28, 2018, 03:32:22 AM

Can't say that I understand this shit either but it's nice to see such a good fudder get swatted. Cheesy

and ignored for future reference.

firstly trying to get mempools synced is meant to be about if everyone has the same tx set before a pool mines a block, then all that needs to be sent as a confirmed block is the headers and list of txid's. thus reducing the data needed to be sent when a confirmed block is created.
Our work is not related to making "mempools synced", though they are naturally similar.

Our work is exclusively related to eliminating the massive overheads from relaying transactions the first time through as they go around the network.
 
Quote
to then suddenly need to grab hundreds of transactions from X and hundreds of tx from Y AGAIN
That doesn't happen in the Bitcoin protocol, no one has proposed for it to happen, and it isn't needed.

It's really a shame that people are forced to waste their time correcting you simply because you are so persistent and voluminous in your inaccuracies that you manage to confuse many people even though your posts are not very convincing.

Quote
i do find it funny that it was these very same devs that wanted a fee freemarket by removing a fee priority mechanism to make individualising mempools, that are now seeing the flaw in it..
Your statement here makes no sense.  Nodes prioritize transactions by feerate, none of that has been removed.  The only "individualizing" in practice is that a low memory host might reduce their mempool size. This is, in any case, totally unrelated to removing the relay inefficiencies.

Quote
but allowing nodes to relay tx's and drop them due to "fee free market" but then have to interrogate nodes to list their entire mempools(actually causing more bandwidth) and pick up the tx's AGAIN(more bandwidth again).. is silly..
Again, Bitcoin nodes don't interrogate nodes to list mempools nor pick up transactions again, no one has proposed they do, because there is no reason to do that.

Just pre-empting another confused tangent: There is a "mempool" p2p message which was added to the protocol by bitpay for the purpose of surveilling the network under a dishonest justification, which was later realized to be a privacy problem and the privacy leak was removed (and after that bitpay's staff recommended removing it from the protocol).  Bitcoin Core has no ability to send a mempool p2p request and never has had the ability to do so. It might be interesting to do so at initial startup to quick start the mempool and give miners something to mine after being offline for a while, but at the moment no one is working on that, AFAIK.

Quote
they all initially did get 1,2,3,4,a,b,c,d at initial relay..

The problem we are addressing is that if you have 100 peers, each of your hundred peers will advertise (or have advertised to them) each of those 8 transactions, using 100x the bandwidth on those advertisements as if you had only one peer.

Quote
the solution is much more simple.. get rid of the free market that lets nodes drop tx's in the initial relay. thus they would ALL have them all first go-around. without having to interrogate EACH connected node, after dropping.. because their would be no drop in the first place.
The need for nodes to potentially drop transactions has nothing to do with free market behaviour and everything to do with nodes not having infinite storage to keep the transactions.  But there is, again, no interrogation-- they don't need to go refetch them again.

Quote
X)now the first node has to ask the third node for the list.. 1,a,b,c,d (more data than initial relay)
y)now the first node has to ask the third node for the missing.. d (more data than initial relay)

You've misunderstood what we've accomplished here.

If at some point during the initial relay of transactions,  you receive from your other peers TX  A, B, C, D, E, F  and I get TX B, C, D, E, F In the historical Bitcoin protocol each of those 6 values would be sent across the link between us (potentially twice).

Instead, you could send me the single value X = A xor B xor C xor D xor E xor F,  or I could send you the single value Y = B xor C xor D xor E xor F.  

After the single value is exchanged whomever received it computes  X xor Y = A -- the missing transaction, even though neither of us knew in advance which transaction was missing.

Minisketch generalizes this to support any number of differences.  The data sent is exactly equal to the number of different values, regardless of how big the original sets are. (In fact, the first value in a minisketch is exactly what I described above: the xor of all the elements in your set).

So, if you have received in relay A, B, C, D ... X  and I have  already received B, C, D ... X, Y, Z;   Then I need send you only three values (or you me): The xor of all my values, the xor of all my values cubed, and the xor of all my values to the fifth power... and then you will know that I am missing A from you, and you are missing Y, Z from me.  And by doing this we send only three values on the link between us in the initial relay instead of 26 - 52 (depending on how much duplication there is from concurrent sends).

Quote
by getting rid of the "free market" and getting back to a consensus fee priority formulae/structure that everyone follows means
There has never been and can never been a "consensus priority formula", because priority by its very definition is external to consensus.  But the behaviour of existing nodes is consistent-- they keep and drop the same transactions, subject to having them in the first place, and subject to the restriction that anything configured to use less memory obviously can't keep as much.

Quote
to then not need to re-interrogate nodes and re-relay transactions.. then you will get to conect to 16-24 nodes as oppose to 8. and no need extra bandwidth and commands/sums playing around.
There is no re-interrogation, no-rerelay in Bitcoin, nor is any proposed.  It exists only in the imaginary protocol that you spend your days attacking and confusing people with.  The inefficiency in Bitcoin that we're working to resolve exists in the initial relay itself, and would still exists even if nodes had no mempools at all.

Hueristic
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December 28, 2018, 03:35:24 AM

Getting too old for electronic diffs, too old for lightning browser plugins, too old for millions wasted on disposable toys that go jolly fast and obliterate muh environment, too old for one weird company's blockchain shoved down at me from space.
There's a fucking war on.
These fuckers should all rally round designing and producing the only things that matter: chips free from govt control, miners that go jolly fast and obliterate only the tip of muh environment, software that is not as bloated, shonky and illegible as JJG's 'Memoirs and Musings: My Bookywook (volumes 1 thru 34)(part I)' and then and only after that, vehicles that are useful for the coming world with no roads and no electricity, a wealth of fallout, guns, bandits and finally, vast open spaces free at last from the the poor, the stupid, the hungry.

Well, at least the poor, the stupid and the hungry seems to be disappearing, it's of course the same people.
They are hungry because they are poor and they are poor because they are stupid. Stupid people won't get well paid jobs, if they get any at all.
I read somewhere that the increasing average IQ in the world, the Flynn effect, is not because we are all getting a little smarter for every generation, nor is it because we are getting more of the really smart people. It's actually because we are getting fewer and fewer dumb people in the world for every generation.
To put it bluntly, the losers aren't finding any mates, and thus do not procreate, thereby not spreading their stupid genes to a new generation.

That does not correlate my observations albeit they are from a significantly small pool of only people I have had contact with in life.
Hueristic
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December 28, 2018, 03:39:27 AM

tomorrow will be a new session of BTCpoker ... 8 session then payout
hope to be lucky and to see some good action cards...

non stop sit & go's ... four way and HU looking forward Wink

I want to see a shot of you at the final table!

Just got back and got smoked the last 2 days (every fucking flush against me got there!). Cheesy
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December 28, 2018, 03:41:31 AM

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redacted for brevity

hmmmmm

Meh.  Its about time we had some QC FUD.  I have been missing it. 

I don't think the author is fudding.  I don't know how many qbits it would take to make an attack on early addresses feasible, but those qbits are certainly coming eventually.

I think the idea of Satoshi's coins as a quantum DEW line is interesting indeed.
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December 28, 2018, 03:47:31 AM

toxoplazmosis
A fascinating thing. But from my understanding, in rodents it makes them attracted to cat urine. It's humans that it makes aggressive.
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December 28, 2018, 03:47:36 AM

Quote
redacted for brevity

hmmmmm

Meh.  Its about time we had some QC FUD.  I have been missing it. 

I don't think the author is fudding.  I don't know how many qbits it would take to make an attack on early addresses feasible, but those qbits are certainly coming eventually.

I think the idea of Satoshi's coins as a quantum DEW line is interesting indeed.

Theymos was defending the idea to remove satoshi coins for the very same reason. Maybe we should ask him what his current stance on that subject is. I would think it is not a big concern for the next few years, but it will be sometime in the future.
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December 28, 2018, 03:49:50 AM

toxoplazmosis
A fascinating thing. But from my understanding, in rodents it makes them attracted to cat urine. It's humans that it makes aggressive.

Yes, that's why MSM dumbfully labels toxoplasmosis as "rodents not fearing cats". Rodents have a natural instinct to avoid any place where they detect cat pee. In my country house I used to spread the contents of the litter box all over the perimeter for that very same reason. It worked wonderfully.
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December 28, 2018, 03:51:16 AM

Quote
redacted for brevity

hmmmmm

Meh.  Its about time we had some QC FUD.  I have been missing it. 

I don't think the author is fudding.  I don't know how many qbits it would take to make an attack on early addresses feasible, but those qbits are certainly coming eventually.

I think the idea of Satoshi's coins as a quantum DEW line is interesting indeed.

Theymos was defending the idea to remove satoshi coins for the very same reason. Maybe we should ask him what his current stance on that subject is. I would think it is not a big concern for the next few years, but it will be sometime in the future.

Breaking the golden rule of immutability will not come without cost.
It is a dangerous discussion that opens many doors that should probably be left closed.
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December 28, 2018, 03:53:34 AM

Quote
redacted for brevity

hmmmmm

Meh.  Its about time we had some QC FUD.  I have been missing it.  

I don't think the author is fudding.  I don't know how many qbits it would take to make an attack on early addresses feasible, but those qbits are certainly coming eventually.

I think the idea of Satoshi's coins as a quantum DEW line is interesting indeed.

Theymos was defending the idea to remove satoshi coins for the very same reason. Maybe we should ask him what his current stance on that subject is. I would think it is not a big concern for the next few years, but it will be sometime in the future.

Breaking the golden rule of immutability will not come without cost.
It is a dangerous discussion that opens many doors that should probably be left closed.

Yes, it is a very complex subject. Some day I would like to hear more from Theymos justifying the action. When I first heard about it seemed completely nuts and unfair to me. Maybe it isn't. Donno at this time.
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December 28, 2018, 03:58:58 AM

If you guys like Toxoplazmosis you are going to love Ophiocordyceps unilateralis.
Hueristic
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December 28, 2018, 03:59:05 AM


Yes, it is a very complex subject. Some day I would like to hear more from Theymos justifying the action. When I first heard about it seemed completely nuts and unfair to me. Maybe it isn't. Donno at this time.



It seems sensible on the surface until you peel back the layers and think about the real life repercussions that can happen.
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December 28, 2018, 04:00:46 AM

If you guys like Toxoplazmosis you are going to love Ophiocordyceps unilateralis.

Haha, yeah the zombie ants! I love watching PBS and BBC random nature shows and seeing this shit.
This world is fucking weirder than fantasy.
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December 28, 2018, 04:05:57 AM

toxoplazmosis
A fascinating thing. But from my understanding, in rodents it makes them attracted to cat urine. It's humans that it makes aggressive.

And also, that's a chipmunk, they are not affected by toxoplasmosis.
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December 28, 2018, 04:08:39 AM

toxoplazmosis
A fascinating thing. But from my understanding, in rodents it makes them attracted to cat urine. It's humans that it makes aggressive.

And also, that's a chipmunk, they are not affected by toxoplasmosis.

Ahhhh, but my special Z varient...Z for zombie of course, cooked it up in the lab last year.

Running into some delays shipping Ophiocordyzeps unilateralis unfortunately.
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