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Author Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!  (Read 348836 times)
Vlad2Vlad
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August 26, 2017, 08:31:21 AM
 #3301

Is it the end for SHA 256 coins (besides bitcoin)? It seems miners have given up on them.
SHA 256 coins are not doing well unlike other coins like DASH, ETH and LTC.

We need miners cause we need security but there is an inherent flaw that should be obvious to all by now. The current reward mechanism and mining structure cause mass centralization by miners with the cheapest costs, which is china. 

Furthermore any country can add to that like Russia announced it will do with $100 million ASICS mine.

In my mind this is jack-knifing out of control.  And it's such a waste of resources. 

The "real" bitcoin or its successor will need to do it differently. 

See that?  Wink

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Vlad2Vlad
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August 26, 2017, 12:51:44 PM
 #3302

Its an octopus. Octopus are known as devilfish. They have 8 legs which was also considered an evil number. The true origin of the number 666 having to do with a Hebrew numerical alphabetical code spelling Nero Caesar. The 666 thing gained ground, after he began in who persecuting Christians, and was thought to be the antichrist. 888 being his predecesor Emperor Claudius. Octopode are cold blooded, and live in the sea. Cathulu being related to the octopus (possibly the father?), "Lives and reigns and conquers the world" which his son takes from him.


That's genuinely interesting history.  Smiley

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August 29, 2017, 07:20:47 PM
 #3303

Some dood said this not so long back but cant remember who,when or where.Does it make any sense to you highly intelligent specimens?

 
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TRB now WILL accept segwit blocks, but it will not parse the segwit'd portion as anything other than "anyone can spend"
Vlad2Vlad
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August 29, 2017, 08:57:50 PM
 #3304

Some dood said this not so long back but cant remember who,when or where.Does it make any sense to you highly intelligent specimens?

 
Quote
TRB now WILL accept segwit blocks, but it will not parse the segwit'd portion as anything other than "anyone can spend"

As I gave specific instructions like 2 months ago, Segwit on BTC will get exploited and people are gonna lose their coins.  Simple math.  Simple logic.  Yet somehow everyone avoids the truth. 

Then I step in.

See that?!?!

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August 30, 2017, 12:31:02 AM
 #3305

HardFireMiner
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August 30, 2017, 05:56:00 AM
 #3306


Isn't Kenny Rogers singing about LSD and it's dangers? Is this an analogy to someone else here behaving like he is on LSD or just an innocent old song? Cheesy
x2666
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August 30, 2017, 06:15:31 PM
 #3307

Isn't Kenny Rogers singing about LSD and it's dangers? Is this an analogy to someone else here behaving like he is on LSD or just an innocent old song? Cheesy
If Gleb is on LSD that would explain a lot of his more creative posts.  Grin

Microdosing on LSD every morning is supposedly a trendy thing to do in silicon valley which might be a factor to the unfounded euphoria right now.  Cheesy

BitcoinTalk is a highly censored cesspool primarily serving as a vehicle to operate scams.
Pointing out truth or straying from the promoted narrative will be met with shills spouting non sequiturs.
Trust ratings are meaningless as those who control them are not worthy of trust.
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August 30, 2017, 06:30:48 PM
 #3308


Isn't Kenny Rogers singing about LSD and it's dangers? Is this an analogy to someone else here behaving like he is on LSD or just an innocent old song? Cheesy

You gotta know when to hold up know when to fold up
Know when to walk away know when to run
You never count your money when you're tradin' your tokens
There'll be time enough for countin' when the tradin's done

FYI, when I lived in Nashville, I use to host Writers Nights, where twice (two different venues) I had the writer of that song, Don Schlitz, as my special guest. After Don played the songs that he recently wrote [at the time] (the format of a Writers Night), he played The Gambler - no band; just himself and his guitar.

Wow! That was ~30 years ago according to one archive I found showcasing myself hosting one venue: https://www.newspapers.com/newspage/112383211/. I'll save a funny story centered around Bobby Taylor - a Christian dude - and Rodney "Wayne" King for some other time. Spoiler: It has to do with a "trans" named Lisa who really wasn't a trans, but pretending to be a trans so to win tran contests, and her friend, April, a for-real trans who I once danced with to a song on the jukebox in a Huddle House at two in the morning while Lisa danced with Rodney while his wife, Paula, watched on.

Damn, I miss Nashville!  Cry Cry Cry

Isn't Kenny Rogers singing about LSD and it's dangers? Is this an analogy to someone else here behaving like he is on LSD or just an innocent old song? Cheesy
If Gleb is on LSD that would explain a lot of his more creative posts.  Grin

Microdosing on LSD every morning is supposedly a trendy thing to do in silicon valley which might be a factor to the unfounded euphoria right now.  Cheesy

Back in 1978, I bought my first AND LAST blotter (is that what you call it?) of LSD for five bucks. I was too scared to take it, so I tossed it. I've been fucked up ever since.  Shocked Shocked Shocked Oh, BTW, it was on Mission Beach Park north of San Diego where I bought it while Gerry Rafferty's Baker Street played on my new solid-state transistor radio (remember those?).
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August 30, 2017, 07:28:45 PM
 #3309

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The fate of this fork will be exactly the fate of all attempted forks to date : the savvy Bitcoin holders will sell their fake-Bitcoins on the fake network, while double-spending (and thus invalidating) their sale on the actual network, thereby keeping their actual Bitcoin safe.iv The proceeds of this "victimless"v crime will be used to purchase more legitimate Bitcoins on the legitimate network, thus draining away value from the holders of Bitcoin fakes, into the pockets of the legitimate Bitcoin holders.


Quote
Could Bitmain be positioning themselves now by offering the Bitcoin Cash fork (which presumably they know will fail to achieve the status of the true Bitcoin) so they will plausibly have an excuse to go back to mining TRB after the 2MB plan of the New York Agreement fails to materialize. I see possibly Bitmain is playing a very clever political game here to position themselves. And remember Bitmain retains also the AsciiBoost weapon which they can activate to hypothetically increase their hashrate by ~30%.


Quote
However there is an alternative scenario in that Bitmain et al might entirely ignore TRB and so a smaller miner such as perhaps Craig Wright’s claimed 20% share of network hashrate might take the risk to start “stealing” the SegWit transactions on and by mining TRB. As time goes on, it becomes more difficult for even Bitmain to orphan those older blocks as the amount of proof-of-work difficulty on the longest chain accumulates over time. The Bitcoin million BTC kingpin Mircea Popescu and others who are astute will be selling their BTC on the Core fork (as I explained how to do) and buying TRB somehow (will Craig Wright be providing an exchange?). This will continue to raise the hashrate of TRB relative to the Core fork.



Quote
A third and perhaps less likely scenario is that a sufficiently powerful player such as Bitmain could periodically swoop in driving hashrate of TRB up, orphaning recent blocks to steal back more SegWit (and any replayed Core transactions that were paid by Bitmain or proxies/allies), and then appear to leave only to come back again. This might be done to attack confidence in TRB and Core/SegWit in order to make the Bitcoin Cash fork look more relatively stable.

Quote
I anticipate the vast majority (if not all) of the news during August should be about the successful activation of SegWit and the euphoria of finally getting some scaling moving forward on Bitcoin. As well, the inability of Bitcoin Cash to dominate thus leading to more confidence in a victory of the New York Agreement. Thus I expect a blow off top in the BTC price perhaps even north of $4000. Not sure if we will get a waterfall crash after that peak or just a Fibonacci pullback, perhaps the latter if TRB has not kicked into high gear yet. It is also possible that Bitcoin Cash (BCC) has more initial success than I expect, and thus we might see instead of a moderation of the BTC and BCC prices, but perhaps the sum of the two $4000+.




Quote
Then as SegWit usage increases with adoption of Lightning Networks, the carrot for “stealing” SegWit on TRB increases until it (not if it) happens.

Unfortunately I think when this plays out fully, then we will see a waterfall crash in the cryptocurrency prices, because it will obliterate confidence in Bitcoin for perhaps up to a year or so (maybe only 6 months but I doubt it because it will be so shocking to everyone that Core was never really Bitcoin). Everyone will think that TRB is about theft and that cryptocurrency can never be trusted (when in fact it is Core that is enabling the loss of Bitcoins). The majority will be fearful as they see the price of Core BTC collapsing and they will fear to hold any cryptocurrency. Remember what Mt. Gox’s collapse did to Bitcoin (and altcoins) after crashed from over $1000+ in 2013.


*TRB http://thebitcoin.foundation/index.html





EDIT: TRB will accept SegWit blocks but SegWit transactions are spendable by anyone! I sourced that link on Trilema. I verified that Satoshi’s Bitcoin indeed enables anyone to spend P2SH. http://btcbase.org/log/2017-07-18#1685847



BTC spent with a SegWit transaction will be stolen by the first miner who can put a spend transaction in a block of the TRB (legacy Bitcoin) chain.


https://bitcoin.stackexchange.com/questions/9678/what-is-script-hash-address-exactly-and-how-does-it-work/answer-40730#answer-40730



It appears that any HF will only begin once there are recognizable SegWit transactions in a block, which the Real Bitcoin will refuse to mine on. Note I read that the format of a SegWit transaction is such that it can’t be detected until it is spent.

So it appears to me we will get a significant rise in the BTC price after August 1 (perhaps to $4000+?) which will be pushed by the enthusiasm about the hashrate support for SegWit and perhaps also people selling BCC to buy BTC creating more buying demand.

And then August 23 or so, I expect the SegWit chain to fork off from the minority hashrate Real Bitcoin one, and Bitcoin kingpin Mircea Popescu will begin selling the SegWit BTC and buying the Real BTC gradually driving the price of the former down and the latter up and then the hashrate will gradually switch over as well. Charlie Shrem (@charlieshrem) is mocking Mircea Popescu’s statement, “As far as anyone will be able to perceive, miners simply left”.

    Afaik, to spend your BTC on the SegWit fork so that it can not be replayed on the legacy Bitcoin will require either mixing with some transactions from blocks that derived from a block containing a SegWit transaction, but (this probably does not scale well and) these can not begin until August 23. Before then, the other way is to attempt to double-spend to yourself on the SegWit fork and legacy Bitcoin over and over until it happens. You’ll need to import your private keys into separate wallets for each fork.

Note we might see altcoins initially dropped as BTC is rising, then the altcoins may catch up. As the HF chaos hits August 23 or so, we might see LTC skyrocket as the community realizes SegWit is dead on Bitcoin and Litecoin already has SegWit. Especially if BCC is defeated so that Jihan Wu (Bitmain) only has Litecoin remaining as their main scaling solution altcoin.

But we might see a collapse in all crypto perhaps after moving up to a peak before everyone realizes SegWit is fucked. Another crypto winter may be upon us after this blow off top ends with theft of the SegWit transactions.

EDIT:

    What's your time frame for that?

Difficult to say how long after Aug 23 it will take for there to be enough SegWit transactions to steal, so that miners break away from SegWit chain and mine on real bitcoin chain.



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August 30, 2017, 08:37:26 PM
 #3310

is this genuine ?
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August 30, 2017, 09:26:23 PM
 #3311



Wait, what! My theory isn't included? --> https://en.wikipedia.org/wiki/James_Harris_Simons


James Harris "Jim" Simons founded Renaissance Technologies & Robert Mercer is the co-C.E.O. of Renaissance Technologies “Renaissance is the commercial version of the Manhattan Project”


Large number of big-name investors have pumped money into this company, including the founder of Renaissance Technologies https://www.wired.com/2016/12/7500-faceless-coders-paid-bitcoin-built-hedge-funds-brain/
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August 30, 2017, 10:00:40 PM
 #3312

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Huh what?

I am not proposing infinitely sized blocks, so I obviously acknowledge the concept of a too-high limit as being plausible.

If you want to continue the conversation, please be very explicit about what problem you think needs solving, and how whatever solution you're proposing solves that problem.

We might agree or disagree on both of those points, but we won't have a productive conversation if you can't say what problem you are trying to solve.

To summarize my position: I see one big problem that need solving:

Supporting lots (millions, eventually billions) of people transacting in Bitcoin.
  Ideally at as low a cost as possible, as secure as possible, and in the most decentralized and censorship-resistant way possible.

It is hard to get consensus on HOW to solve that problem, because no solution is obviously lowest cost, most secure, and most decentralized all at the same time, and different people assign different weights to the importance of those three things.

My bias is to "get big fast" -- I think the only way Bitcoin thrives is for lots of people to use it and to be happy using it. If it is a tiny little niche thing then it is much easier for politicians or banks to smother it, paint it as "criminal money", etc. They probably can't kill it, but they sure could make life miserable enough to slow down adoption by a decade or three.

"Get big fast" has been the strategy for a few years now, ever since the project became too famous to fly under the radar of regulators or the mainstream press.

The simplest path to "get big fast" is allowing the chain to grow. All the other solutions take longer or compromise decentralization (e.g. off-chain transactions require one or more semi-trusted entities to validate those off-chain transactions). I'm listening very carefully to anybody who argues that a bigger chain will compromise security, and those concerns are why I am NOT proposing an infinite maximum block size.

There is rough consensus that the max block size must increase. I don't think there is consensus yet on exactly HOW or WHEN.









http://log.bitcoin-assets.com/?date=21-01-2015#986194

 "substitutes for Bitcoin are altcoins, sidechains, off-chain transactions, credit cards, wire transfers….."  http://log.bitcoin-assets.com/?date=21-01-2015#986357

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August 31, 2017, 04:25:20 AM
 #3313



Wait, what! My theory isn't included? --> https://en.wikipedia.org/wiki/James_Harris_Simons


James Harris "Jim" Simons founded Renaissance Technologies & Robert Mercer is the co-C.E.O. of Renaissance Technologies “Renaissance is the commercial version of the Manhattan Project”


Large number of big-name investors have pumped money into this company, including the founder of Renaissance Technologies https://www.wired.com/2016/12/7500-faceless-coders-paid-bitcoin-built-hedge-funds-brain/

Nice find, bud.
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August 31, 2017, 06:04:26 PM
 #3314

Nobody knows the future,not even Vlad. BTC Segwit could go to the moon or trash just like BTC cash.

█████████████████████
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September 04, 2017, 12:40:06 PM
 #3315

Look at the price of alts now!
China just banned ICOs and everyone goes crazy dumping their coins.
Is this the end of ICOs?

     

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September 04, 2017, 01:31:12 PM
 #3316

Look at the price of alts now!
China just banned ICOs and everyone goes crazy dumping their coins.
Is this the end of ICOs?

The end? no.
It is a temporarily huge fall, but not the end.

China banned bitcoin before and now is regulated there. The same will happen with ICO's.

Dirty evil government thieves: Return me my money!
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September 04, 2017, 01:35:12 PM
 #3317

Sooner or later, without a legit company with legit assets that can back up the clients investment there will be no ICO.

Right now, ICO = scammy distribution model, not fair, not decentralized, not honest, against most of the principles that brought us together here.
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September 06, 2017, 11:12:56 AM
 #3318

Lets get back to the conspiracy stuff...


Quote
The fork is needed because otherwise some people won't be able to use Bitcoin.

Bitcoin isn't for everybody. Creating something useful that everyone can use is an exercise in trying to create something that's useful but worthless. Such a thing may exist, in the sense perpetuum mobile may exist. As far as the science of physics goes, they do not.

Should blocks ever become full, older coinbases will be prioritized over newer coinbases, and larger mining fees and transactions prioritized over smaller mining fees and smaller transactions. This means that someone who wishes to pay for very little with Bitcoin will be forced to use something else, so to speak is forced to "give his seat" to someone richer. This is exactly the point and the intent of Bitcoin : to force the poor to yield to the rich, unversally, as a matter of course.

Do you think BCC is going to be the real BTC then, even though it is forking? Is Craig Wright going to support Bitcoin Cash or another fork down the line?

Neither BCC nor any clone of Bitcoin can be the “Real Bitcoin” as so defined. Craig Wright in his desire to reject SegWit is a supporter of the real Bitcoin, but if he tries to fork the block size then he is basically writing free options.



Bitcoin probably already has a lock on the intrinsic value of a reserve currency for cryptocurrencies, and the medium-of-exchange to/from fiat. Thus I argue the worst outcome is to fork Bitcoin in August destroying the immutability which insures a 21 million coin limit (and I think all Bitcoin forks will fail because whales will protect the intrinsic value of Bitcoin).

I realize it is unsatisfying to Bitcoin fans if Bitcoin will not scale, but Bitcoin does not need to scale as it can be the on/off ramp to fiat and BTC saving for the altcoin that provides scaling,. Since there will likely be many such competing altcoins, then BTC remains the common denominator for investing in the crypto sector, i.e. the reserve currency of cryptocurrency.


Even if Bitcoin was forked to add some weak ass non-scaling lie, it will still never be that cryptocurrency that provides the breakthrough I am alluding to above. For that, we need competition and experimentation amongst altcoins (not forking the BTC unit into chaotic confusion). Thus we need a stable reserve cryptocurrency and that is Bitcoin. We have it, so no benefit in destroying it whilst trying to make it be something it can not be. Transaction fees will go up on-chain, so eventually those who can not afford have to move to an exchange or an altcoin. That drives a market need for altcoins to compete for the best solution.



The minnows are entirely worthless and insignificant. As usual, the sheep are pushed out on to the regulated farm so they can be harvested for economic parasitism by the shadow elite.
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September 06, 2017, 03:11:35 PM
 #3319

Look at the price of alts now!
China just banned ICOs and everyone goes crazy dumping their coins.
Is this the end of ICOs?

No i disagree, ICOs will never be gone, even if the majority will go away new ones will come. So don't worry

it's over anakin i have the high ground
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September 07, 2017, 11:03:46 PM
 #3320


Lets get back to the conspiracy stuff...


Haha, this got me laughing.  I'm having some personal issues but I hope to be back to regular programming soon.  Smiley



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