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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 695328 times)
bones261
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September 22, 2018, 06:57:28 AM
Last edit: September 22, 2018, 02:25:40 PM by bones261
 #16321


Ok...but..what if
A group of miners, devs and a couple of exchanges might like the idea of inflated btc (maybe they already used it) and choose not to upgrade and more people stay on previous version.

Does that mean bitcoin core have put out a hardfork/spork and risk splitting away,(forking off) creating another btc with the highly difficult exploit removed..


What exchange is going to want a coin where a pool could basically double their coins every single block?  Cheesy Plus the exchange would basically have their node knocked offline when a block is found. This would then require them to rescan their hot wallet. Then when the next block is found, they would need to rescan again. The hot wallet would be in constant maintenance node.
well you just said they exploit is difficult to exploit lol
"The offending miner would have knocked all the other miners offline. Furthermore, it would be difficult for the pool to offload their extra coins, since most, if not all, exchanges also run a full node that would be knocked offline as well"

So the exchanges that keep previous version without the HF from bcore , it wont have to worry about it to much , will they?
oh also another reason they may keep it alive now that bcore has forked....FREE MONEY  Wink



The exploit chain is not going to be free money. With the knock offline aspect, the network would not be viable. The exploit chain is not usable.  Also, you are aware that Bitcoin ABC had to employ the patch too, right? It appears there are still over 700 Bitcoin ABC nodes that have not upgraded, yet. https://cash.coin.dance/nodes Fortunately, Bitcoin Unlimited did not need the patch because their code was originally forked off of Bitcoin core v 0.12.x

Edit: Since the majority of the hashrate has now switched to the patched code, any miner trying to invoke the vulnerability now is going to have their block orphaned. The only way that their chain will survive is if they further modify the code and implement replay protection.
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September 22, 2018, 07:12:47 AM
Last edit: September 22, 2018, 08:23:18 AM by hv_
 #16322

About on chain bugs in core and 10y for off chain software security to go for any decent world wide adoption plans for btc REKT

https://medium.com/@awemany/600-microseconds-b70f87b0b2a6

Discussed here a bit as well

https://www.reddit.com/r/Bitcoin/comments/9hv737/600_microseconds_how_cve201817144_was_discovered/

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September 22, 2018, 10:26:12 AM
 #16323

News from the top down adoption process.

Get your protocol save and simple, or some coins will never make it


https://www.fintechlawblog.com/2018/09/worldwide-cryptocurrency-aml-standards/

Carpe diem  -  understand the White Paper and mine honest.
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-... .. - -.-. --- .. -.


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September 22, 2018, 08:12:02 PM
 #16324

Segwetters ..... dont think all is ok with bitcoin yet....

This upgrade will not be as easy as they think...

worst case...
Another spilt for bitcoin is very very possible...
A group of miners, devs and a couple of exchanges might like the idea of inflated btc (maybe they already used it) and choose not to upgrade.
The split leads to bitcoin core having to move to a new ticker...
The inflated bug version remains as BTC with segwet an all...
Bitcoin core do the rollback!! on the new bitcoin core chain,  like theymos suggested.(rollback)
 (According to Theymos: "Even if the bug had been exploited to its full extent, the theoretical damage to stored funds would have been rolled back.") https://www.coindesk.com/bitcoin-core-developers-move-to-fix-denial-of-service-software-bug/

Please DO NOT talk about Bitcoin.
This is Altcoin thread section,
and if you want to talk about BTC Bitcoin go to proper section.
This is the real BitcoinCash coin thread...

We should talk more about split and confilct in the BitcoinCash,
and how to create better BCH

 Grin


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September 23, 2018, 05:57:42 PM
 #16325

I do not understand the fate of this coin? It seems to me that bitcoin will soon grow. And how will the other coins behave?
jojo69
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September 23, 2018, 11:09:15 PM
 #16326

so...

has the flippening been cancelled?  what is going on?

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
bones261
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September 23, 2018, 11:14:26 PM
 #16327

so...

has the flippening been cancelled?  what is going on?
Postponed until after the expected hash battle in November. Come back in December to see who is victorious.

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September 24, 2018, 12:09:34 AM
 #16328

so...

has the flippening been cancelled?  what is going on?
Postponed until after the expected hash battle in November. Come back in December to see who is victorious.




Ohhh... what are we going to do with all those flippening T-shirts now ??  Undecided
They must be updated and translated for Asian markets.
This is very important.
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September 24, 2018, 06:40:12 PM
 #16329

BCH accepted here

https://donate.wikimedia.org/wiki/Ways_to_Give#bitcoin

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September 25, 2018, 02:29:28 AM
 #16330

Bitcoin Core needs to explain how a Bitcoin Cash developer is finding critical inflation bugs in their software. This is totally unacceptable and there needs to be some accountability or post-mortem about the processes that led to this. The community should consider forking Bitcoin Core if there isn't an adequate response here IMO.

this is what cobra wrote in the r\bitcoin thread. he is trying to get the mob riled up. Huh
bones261
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September 25, 2018, 03:08:45 AM
 #16331

Bitcoin Core needs to explain how a Bitcoin Cash developer is finding critical inflation bugs in their software. This is totally unacceptable and there needs to be some accountability or post-mortem about the processes that led to this. The community should consider forking Bitcoin Core if there isn't an adequate response here IMO.

this is what cobra wrote in the r\bitcoin thread. he is trying to get the mob riled up. Huh

Actually, what people should be doing now is giving a tip to awemany. bitcoincash:qr5yuq3q40u7mxwqz6xvamkfj8tg45wyus7fhqzug5
(If you want to verify this tipping address, please visit his Medium post about the whole incident. https://medium.com/@awemany/600-microseconds-b70f87b0b2a6)
He did a great service to not only BTC, but BCH as well.(The way he discovered it was by finding the bug in Bitcoin ABC when he noticed something seemed off when testing both BU and Bitcoin ABC.)
In fact there are a great deal of other altcoins that also have/had this bug. This bug was overlooked by many more teams than just the Bitcoin Core team.
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September 25, 2018, 04:10:28 PM
 #16332

Bitcoin Core needs to explain how a Bitcoin Cash developer is finding critical inflation bugs in their software. This is totally unacceptable and there needs to be some accountability or post-mortem about the processes that led to this. The community should consider forking Bitcoin Core if there isn't an adequate response here IMO.

this is what cobra wrote in the r\bitcoin thread. he is trying to get the mob riled up. Huh

Actually, what people should be doing now is giving a tip to awemany. bitcoincash:qr5yuq3q40u7mxwqz6xvamkfj8tg45wyus7fhqzug5
(If you want to verify this tipping address, please visit his Medium post about the whole incident. https://medium.com/@awemany/600-microseconds-b70f87b0b2a6)
He did a great service to not only BTC, but BCH as well.(The way he discovered it was by finding the bug in Bitcoin ABC when he noticed something seemed off when testing both BU and Bitcoin ABC.)
In fact there are a great deal of other altcoins that also have/had this bug. This bug was overlooked by many more teams than just the Bitcoin Core team.

Surprisingly Bitcoincash seems to do better than most other altcoins during bear market, looks like bitcoincash is making its name?
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September 25, 2018, 04:11:39 PM
 #16333

Segwetters ..... dont think all is ok with bitcoin yet....

This upgrade will not be as easy as they think...

worst case...
Another spilt for bitcoin is very very possible...
A group of miners, devs and a couple of exchanges might like the idea of inflated btc (maybe they already used it) and choose not to upgrade.
The split leads to bitcoin core having to move to a new ticker...
The inflated bug version remains as BTC with segwet an all...
Bitcoin core do the rollback!! on the new bitcoin core chain,  like theymos suggested.(rollback)
 (According to Theymos: "Even if the bug had been exploited to its full extent, the theoretical damage to stored funds would have been rolled back.") https://www.coindesk.com/bitcoin-core-developers-move-to-fix-denial-of-service-software-bug/

Please no more forking of bitcoin, its only freaking driving the community as a whole more insane and too much bitcoin volatility with the fork
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September 25, 2018, 04:12:39 PM
 #16334

Having a little chat with The Dude just now...

Lebowski -
Core disclosed the inflation bug after the majority of mining nodes were patched.
At the time of writing this, https://coin.dance/nodes reports that 75% of nodes are NOT patched.

Me-
https://coin.dance/nodes#nodeVersions /Satoshi:0.16.3 only 2104 nodes out of 9616 have upgraded, is this correct? if yes, then uh oh for bitcoin.

Out of all the bitcoin forks, gotta admit bitcoincash seems to withstand the test of time, top ten coin for being most of the time, its backers much be rich,lol....)
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September 25, 2018, 04:48:14 PM
 #16335

Segwetters ..... dont think all is ok with bitcoin yet....

This upgrade will not be as easy as they think...

worst case...
Another spilt for bitcoin is very very possible...
A group of miners, devs and a couple of exchanges might like the idea of inflated btc (maybe they already used it) and choose not to upgrade.
The split leads to bitcoin core having to move to a new ticker...
The inflated bug version remains as BTC with segwet an all...
Bitcoin core do the rollback!! on the new bitcoin core chain,  like theymos suggested.(rollback)
 (According to Theymos: "Even if the bug had been exploited to its full extent, the theoretical damage to stored funds would have been rolled back.") https://www.coindesk.com/bitcoin-core-developers-move-to-fix-denial-of-service-software-bug/

another fork during this bear market, probably not gonna be as hype as during the bull bro, out of all the forks, looks like bitcoincash takes the lead)
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September 26, 2018, 07:35:08 AM
 #16336

Nobuaki Kobayashi from Mt.Gox sold BCH at an excellent timing where BCH was worth around $1,200 each.

https://coincodex.com/article/2395/mt-gox-bankruptcy-trustee-says-he-sold-230-million-worth-of-btc-and-bch-between-march-and-june/
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September 26, 2018, 07:45:30 AM
 #16337

Nobuaki Kobayashi from Mt.Gox sold BCH at an excellent timing where BCH was worth around $1,200 each.

https://coincodex.com/article/2395/mt-gox-bankruptcy-trustee-says-he-sold-230-million-worth-of-btc-and-bch-between-march-and-june/

He is really lucky guy who sold this coin at very high price now he can buy back almost 3x or the same amount with around 65% profit. It is hard to predict about the future but nice to read this story.
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September 26, 2018, 02:29:19 PM
 #16338

Segwetters ..... dont think all is ok with bitcoin yet....

This upgrade will not be as easy as they think...

worst case...
Another spilt for bitcoin is very very possible...
A group of miners, devs and a couple of exchanges might like the idea of inflated btc (maybe they already used it) and choose not to upgrade.
The split leads to bitcoin core having to move to a new ticker...
The inflated bug version remains as BTC with segwet an all...
Bitcoin core do the rollback!! on the new bitcoin core chain,  like theymos suggested.(rollback)
 (According to Theymos: "Even if the bug had been exploited to its full extent, the theoretical damage to stored funds would have been rolled back.") https://www.coindesk.com/bitcoin-core-developers-move-to-fix-denial-of-service-software-bug/

another fork during this bear market, probably not gonna be as hype as during the bull bro, out of all the forks, looks like bitcoincash takes the lead)

Seg wit was added to btc causing it to fork from the original version.  And now again the btc chain is faced with this coercive tactic.  Coercion is used to push bad ideas.  Welcome to bitcoin, the one and only.

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September 26, 2018, 03:06:10 PM
 #16339

Segwetters ..... dont think all is ok with bitcoin yet....

This upgrade will not be as easy as they think...

worst case...
Another spilt for bitcoin is very very possible...
A group of miners, devs and a couple of exchanges might like the idea of inflated btc (maybe they already used it) and choose not to upgrade.
The split leads to bitcoin core having to move to a new ticker...
The inflated bug version remains as BTC with segwet an all...
Bitcoin core do the rollback!! on the new bitcoin core chain,  like theymos suggested.(rollback)
 (According to Theymos: "Even if the bug had been exploited to its full extent, the theoretical damage to stored funds would have been rolled back.") https://www.coindesk.com/bitcoin-core-developers-move-to-fix-denial-of-service-software-bug/

another fork during this bear market, probably not gonna be as hype as during the bull bro, out of all the forks, looks like bitcoincash takes the lead)

Seg wit was added to btc causing it to fork from the original version.  And now again the btc chain is faced with this coercive tactic.  Coercion is used to push bad ideas.  Welcome to bitcoin, the one and only.

BTC & BCH both are on the wrong fork ~>however BTI is still on a 2014 version more like the original bitcoin :-D RADARZZZZ ===>$BTI (the real crypto cash) https://bisq.network/ https://freiexchange.com/market/BTI/BTC


©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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September 26, 2018, 03:35:09 PM
 #16340


BCH pumping!!! :-D weeeeeeee

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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