Bitcoin Forum
December 10, 2016, 01:10:28 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 [1404] 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 1437 1438 1439 1440 1441 1442 1443 1444 1445 1446 1447 1448 1449 1450 1451 1452 1453 1454 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807849 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 02, 2015, 05:13:36 PM
 #28061

Starting to believe more and more that September will be SHTF month.

yeah, usually it goes "sell in May and go away", then SHTF in the Fall.  most ppl think October is the worst month but it's really September.  right around the corner.

http://www.investopedia.com/ask/answers/06/septworstmonth.asp
1481375428
Hero Member
*
Offline Offline

Posts: 1481375428

View Profile Personal Message (Offline)

Ignore
1481375428
Reply with quote  #2

1481375428
Report to moderator
1481375428
Hero Member
*
Offline Offline

Posts: 1481375428

View Profile Personal Message (Offline)

Ignore
1481375428
Reply with quote  #2

1481375428
Report to moderator
1481375428
Hero Member
*
Offline Offline

Posts: 1481375428

View Profile Personal Message (Offline)

Ignore
1481375428
Reply with quote  #2

1481375428
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481375428
Hero Member
*
Offline Offline

Posts: 1481375428

View Profile Personal Message (Offline)

Ignore
1481375428
Reply with quote  #2

1481375428
Report to moderator
1481375428
Hero Member
*
Offline Offline

Posts: 1481375428

View Profile Personal Message (Offline)

Ignore
1481375428
Reply with quote  #2

1481375428
Report to moderator
1481375428
Hero Member
*
Offline Offline

Posts: 1481375428

View Profile Personal Message (Offline)

Ignore
1481375428
Reply with quote  #2

1481375428
Report to moderator
uvwvj
Full Member
***
Offline Offline

Activity: 159


View Profile
July 02, 2015, 05:21:49 PM
 #28062

Starting to believe more and more that September will be SHTF month.

yeah, usually it goes "sell in May and go away", then SHTF in the Fall.  most ppl think October is the worst month but it's really September.  right around the corner.

http://www.investopedia.com/ask/answers/06/septworstmonth.asp

7 year collapse in Sept 2015?

https://www.youtube.com/watch?v=0DP4499Bbhw&safe=active
Patel
Legendary
*
Offline Offline

Activity: 1190



View Profile WWW
July 02, 2015, 05:41:46 PM
 #28063

Starting to believe more and more that September will be SHTF month.

yeah, usually it goes "sell in May and go away", then SHTF in the Fall.  most ppl think October is the worst month but it's really September.  right around the corner.

http://www.investopedia.com/ask/answers/06/septworstmonth.asp

7 year collapse in Sept 2015?

https://www.youtube.com/watch?v=0DP4499Bbhw&safe=active

Something like that. I don't necessarily believe the Shemitah theory, but I think the end of this year we will start seeing the economic bubble pop.

Personally, I want to see how a stock market/economic crises affects Bitcoin price. I can care less about the stock markets because I have nothing invested in it.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 02, 2015, 05:51:14 PM
 #28064

Starting to believe more and more that September will be SHTF month.

yeah, usually it goes "sell in May and go away", then SHTF in the Fall.  most ppl think October is the worst month but it's really September.  right around the corner.

http://www.investopedia.com/ask/answers/06/septworstmonth.asp

7 year collapse in Sept 2015?

https://www.youtube.com/watch?v=0DP4499Bbhw&safe=active

Something like that. I don't necessarily believe the Shemitah theory, but I think the end of this year we will start seeing the economic bubble pop.

Personally, I want to see how a stock market/economic crises affects Bitcoin price. I can care less about the stock markets because I have nothing invested in it.

yep, me too. 

that's what James Rickards has been going on about for years now.  personally, from what price action we've had along with the alignment of the cycles, i expect Bitcoin to do quite well.

we just need to get past this block size issue to let it run.
practicaldreamer
Hero Member
*****
Offline Offline

Activity: 630


View Profile
July 02, 2015, 06:00:09 PM
 #28065

...
P.S. I am fairly certain Cypherdoc is a mouthpiece for TPTB. I posit he was purposely compromised by the HashFast offer to maintain his allegiance. This is their usual modus operandi. This is evident by his public role and other factors such as his denial of the fact that Bitcoin core is heading towards a centralized end game.

I keep weighing this as the most solid explanation for certain of cypherdoc's behaviors, but then I think back to the early days and various aspects of his person and back off.

The other day I ran across a very amusing situation where a shill was stone-cold busted due to a defect in Windows clipboard.  I allow for the possibility that the whole thing is a fabrication but I've seen no efforts put toward debunking it.  We have, however, known with high probability that multi-personna shill software has been around for some time and has been purchased by the U.S. govt among others.


Yes - multi persona shill software. If it isn't here already, and being used by TPTB (as in USG etc) then I would be very surprised.

I have to say that I've followed this thread for a while. I find it, in turns, funny (tvbcof's bull baiting of cypherdoc etc) and quite interesting. The technicals of the protocol are over my head I'm afraid, though I do believe I'm getting the gist.


Anyhow, back to the shilling business. It seems to me that the multi persona/account copying and pasting shill shenanigans could well and truly be ascribed, in the context of Bitcointalk.org, not to cypherdoc, but to TPTB/Anonymint, surely.

He has exhibited all of the characteristics and tools that, to my mind, a successful shill would have at his disposal :-  he has , for example, just enough knowledge in the field to hoodwink those among us who are suggestible and naive (but not enough knowledge to clearly and concisely contribute anything meaningful)  ;   he has multiple accounts (which are fairly easily recognisable) with which to endorse and give legitimacy to his own views    ; he promises an alternative, a better alternative, a nirvana, a Shangri-la - but never delivers;    but, most of all, his mission seems to be to implant doubt and create confusion.

A kind of crypto nihilist Pontius Pilate.

 And, in truth, ultra conservative and reactionary. He has aptly named himself in his latest incarnation, TPTB. He, and they (the real TPTB that is) don't want a decentralised democratic store and mechanism by which to transfer value - they require a means by which they are able to stop the masses accessing their illegitimately horded stashes via taxation. They don't give a monkeys toss about the ordinary Jo being "his own banker" - for that is a privilege that the ordinary Jo (the "sheeple") just hasn't earned.

      Anyhow, in the end I guess we all know that you judge a tree by its fruit - and in the context in which we are all operating this might best be ascertained by the strength of the argument. I mean, the strongest argument should carry the day - and who are we to judge wether that be put forward by someone with vested interests or not (ie. a shill) - would it, indeed, matter anyway ?

FWIW it seems to me that at present btc isn't seen as a threat precisely because of the limit on transactions - lift that limit and it becomes a serious player. I can see (I think) the arguments against lifting the block limit (centralisation), and the arguments for sc's etc - but I remain to be convinced.

Ivanhoe
Hero Member
*****
Offline Offline

Activity: 841



View Profile
July 02, 2015, 06:09:32 PM
 #28066

Starting to believe more and more that September will be SHTF month.

yeah, usually it goes "sell in May and go away", then SHTF in the Fall.  most ppl think October is the worst month but it's really September.  right around the corner.

http://www.investopedia.com/ask/answers/06/septworstmonth.asp

7 year collapse in Sept 2015?

https://www.youtube.com/watch?v=0DP4499Bbhw&safe=active

Something like that. I don't necessarily believe the Shemitah theory, but I think the end of this year we will start seeing the economic bubble pop.

Personally, I want to see how a stock market/economic crises affects Bitcoin price. I can care less about the stock markets because I have nothing invested in it.

yep, me too. 

that's what James Rickards has been going on about for years now.  personally, from what price action we've had along with the alignment of the cycles, i expect Bitcoin to do quite well.

we just need to get past this block size issue to let it run.
Divide et impera, something i see much in the community lately compared to earlier years.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 02, 2015, 06:17:36 PM
 #28067

Anyhow, back to the shilling business. It seems to me that the multi persona/account copying and pasting shill shenanigans could well and truly be ascribed, in the context of Bitcointalk.org, not to cypherdoc, but to TPTB/Anonymint, surely.

He has exhibited all of the characteristics that, to my mind, a successful shill would have at his disposal :-  he has , for example, just enough knowledge in the field to hoodwink those among us who are suggestible and naive (but not enough knowledge to clearly and concisely contribute anything meaningful)  ;   he has multiple accounts (which are fairly easily recognisable) with which to endorse and give legitimacy to his own views    ; he promises an alternative, a better alternative, a nirvana, a shangri la - but never delivers;    but, most of all, his mission seems to be to implant doubt and create confusion.

A kind of crypto nihilist Pontius Pilate.

 And, in truth, ultra conservative and reactionary. He has aptly named himself in his latest incarnation, TPTB. He, and they (the real TPTB that is) don't want a decentralised democratic store and mechanism by which to transfer value - they require a means by which they are able to stop the masses accessing their illegitemately horded stashes via taxation. They don't give a monkeys toss about the ordinary Jo being "his own banker" - for that is a privilege that the ordinary Jo (the "sheeple")hasn't earned.

      Anthow, in the end I guess we all know that you judge a tree by its fruit - and in the context in which we are all operating this might best be ascertained by the strength of the argument. I mean, the strongest argument should carry the day - and who are we to judge wether that be put forward by someone with vested interests or not (ie. a shill) - would it, indeed, matter anyway ?

FWIW it seems to me that at present btc isn't seen as a threat precisely because of the limit on transactions - lift that limit and it becomes a serious player. I can see (I think) the arguments against lifting the block limit (centralisation), and the arguments for sc's etc - but I remain to be convinced.



thank you, thank you, thank you.

and i might add, he insults all of us in turn trying to create doubt in each and every one of us; w/o ever producing the promised coin.

notice the vision keeps changing too.  at first it was Bitcoin will become the NWO currency which upon that achievement would then be used to rape us all in the doomsday scenario.  then it morphed to "Monero might be a thing".  then, while at first being dismissive of Blockstream and SC's, he is now saying SC's will enable his perfect coin and Bitcoin is doomed here in the present.  also, his repeated claims to leave the thread to code.  must be a bored coder.  but of course tvbcof would latch on to him as his buddy.  they're both doom and gloomer socialist types.

finally, the consistent message is that we're all doomed and nothing we do can stop that.  except his coin that never shows up.
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
July 02, 2015, 06:39:12 PM
 #28068

Full nodes can detect invalid blocks produced by miners because they have a full history of transactions, so if a miner tries to mine a transaction that spends coins that don't exist the full node will detect this.

A miner can't spend coins that don't exist if it's being checked by full nodes - it actually has to pay enough proof of work cost to rewrite the history of the blockchain retroactively make the coins exist.

This is very expensive, even for a miner with a majority hash power.

An SPV client can only verify proof of work - it doesn't have the transaction history to verify that inputs are valid. A miner with majority hash power can spend coins that don't exist, and SPV clients will accept their chain as valid, and there currently exists no proof which an honest full node can supply to the SPV clients to convince them that the chain containing the highest proof of work is actually invalid.

You can try to fix this with committed UTXO sets, but it doesn't really change anything - SPV clients can't validate the UTXO sets any more than they can verify blocks, so a miner with majority hash power can just commit an invalid UTXO set without needing to pay the proof of work cost to retroactively rewrite the blockchain.

Maybe instead of a UTXO set, the protocol should be changed to require miners to commit a tree of existence proofs for all the inputs referenced in the block.

This way honest full nodes can produce fraud proofs which SPV clients can verify, so now the cost of producing fake blocks which SPV clients will accept is the same as the cost of producing fake blocks which full nodes will accept.
TPTB_need_war
Sr. Member
****
Offline Offline

Activity: 420


View Profile
July 02, 2015, 08:00:01 PM
 #28069


No worries mates. I think I've said enough don't you?

Cheers.

ssmc2
Hero Member
*****
Offline Offline

Activity: 840


View Profile
July 02, 2015, 08:07:05 PM
 #28070

We all think you've said more than enough.
uvwvj
Full Member
***
Offline Offline

Activity: 159


View Profile
July 02, 2015, 08:09:00 PM
 #28071

We all think you've said more than enough.

 Grin

ThePussyThatBullshits_needs_STFU
sidhujag
Legendary
*
Offline Offline

Activity: 1302


View Profile
July 02, 2015, 08:15:38 PM
 #28072

Anyhow, back to the shilling business. It seems to me that the multi persona/account copying and pasting shill shenanigans could well and truly be ascribed, in the context of Bitcointalk.org, not to cypherdoc, but to TPTB/Anonymint, surely.

He has exhibited all of the characteristics that, to my mind, a successful shill would have at his disposal :-  he has , for example, just enough knowledge in the field to hoodwink those among us who are suggestible and naive (but not enough knowledge to clearly and concisely contribute anything meaningful)  ;   he has multiple accounts (which are fairly easily recognisable) with which to endorse and give legitimacy to his own views    ; he promises an alternative, a better alternative, a nirvana, a shangri la - but never delivers;    but, most of all, his mission seems to be to implant doubt and create confusion.

A kind of crypto nihilist Pontius Pilate.

 And, in truth, ultra conservative and reactionary. He has aptly named himself in his latest incarnation, TPTB. He, and they (the real TPTB that is) don't want a decentralised democratic store and mechanism by which to transfer value - they require a means by which they are able to stop the masses accessing their illegitemately horded stashes via taxation. They don't give a monkeys toss about the ordinary Jo being "his own banker" - for that is a privilege that the ordinary Jo (the "sheeple")hasn't earned.

      Anthow, in the end I guess we all know that you judge a tree by its fruit - and in the context in which we are all operating this might best be ascertained by the strength of the argument. I mean, the strongest argument should carry the day - and who are we to judge wether that be put forward by someone with vested interests or not (ie. a shill) - would it, indeed, matter anyway ?

FWIW it seems to me that at present btc isn't seen as a threat precisely because of the limit on transactions - lift that limit and it becomes a serious player. I can see (I think) the arguments against lifting the block limit (centralisation), and the arguments for sc's etc - but I remain to be convinced.



thank you, thank you, thank you.

and i might add, he insults all of us in turn trying to create doubt in each and every one of us; w/o ever producing the promised coin.

notice the vision keeps changing too.  at first it was Bitcoin will become the NWO currency which upon that achievement would then be used to rape us all in the doomsday scenario.  then it morphed to "Monero might be a thing".  then, while at first being dismissive of Blockstream and SC's, he is now saying SC's will enable his perfect coin and Bitcoin is doomed here in the present.  also, his repeated claims to leave the thread to code.  must be a bored coder.  but of course tvbcof would latch on to him as his buddy.  they're both doom and gloomer socialist types.

finally, the consistent message is that we're all doomed and nothing we do can stop that.  except his coin that never shows up.

A year prior he was supposed to release his "coin" but instead worked with Monero and then suggested it isn't truly anon although he did contribute to the design discussion and perhaps not the coding, and now says Monero has fundemental flaws yet all the while still claims to have the design in his head ready to be wrapped up but IMO looking for a coder to create an alt coin with which he can do a nice P&D. His views keep changing based on latest bitcoin developments which he grasps on and either uses it to his advantage by saying it will "help" his new coin which never existed or never will exist or he says it will be the end of bitcoin because of this feature (or non existant feature ie: anon, and now "infinite" transaction speed). Let bygones be bygones and let us see what he may come up with, or disappear into the night.
Odalv
Legendary
*
Offline Offline

Activity: 1064



View Profile
July 02, 2015, 09:56:06 PM
 #28073

...

btw, you never answered why you're not rich yet doing your simultaneous double spends?

Hmm, I have no balls to sell HashFast BabyJets

... Looks like cypherdoc siphoned 3000BTC off Hashfast ...
practicaldreamer
Hero Member
*****
Offline Offline

Activity: 630


View Profile
July 02, 2015, 10:47:55 PM
 #28074

...

btw, you never answered why you're not rich yet doing your simultaneous double spends?

Hmm, I have no balls to sell HashFast BabyJets

... Looks like cypherdoc siphoned 3000BTC off Hashfast ...

Oh - OK.

So Anonymint is definitely a shill - but with Cypherdoc, the jury is still out.

Come on doc, tell me it aint so.

The floor is yours.

BTW - tvbcof isn't a socialist moaner - that would be me - he is in fact a sceptic (in a grand English tradition). And on a forum dedicated to value (money) and its transference that is starting to look to me to be a very good philosophical standpoint to take (arguments re. blocksize notwithstanding).
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 02, 2015, 11:10:32 PM
 #28075

...

btw, you never answered why you're not rich yet doing your simultaneous double spends?

Hmm, I have no balls to sell HashFast BabyJets

... Looks like cypherdoc siphoned 3000BTC off Hashfast ...

Oh - OK.

So Anonymint is definitely a shill - but with Cypherdoc, the jury is still out.

Come on doc, tell me it aint so.

The floor is yours.

BTW - tvbcof isn't a socialist moaner - that would be me - he is in fact a sceptic (in a grand English tradition). And on a forum dedicated to value (money) and its transference that is starting to look to me to be a very good philosophical standpoint to take (arguments re. blocksize notwithstanding).

look up the definition of a shill.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 02, 2015, 11:31:57 PM
 #28076

interesting vision for Bitcoin by Reid Hoffman, Blockstream investor:

Now, is bitcoin going to be great or not? I don’t know. I think the least interesting question about bitcoin is the current price. The most interesting thing about bitcoin is that it’s an open platform the way the Internets are an open platform, but for financial systems.

http://fortune.com/2015/07/02/reid-hoffman-greylock-qa/
lucaspm98
Sr. Member
****
Offline Offline

Activity: 280


View Profile
July 02, 2015, 11:37:26 PM
 #28077

interesting vision for Bitcoin by Reid Hoffman, Blockstream investor:

Now, is bitcoin going to be great or not? I don’t know. I think the least interesting question about bitcoin is the current price. The most interesting thing about bitcoin is that it’s an open platform the way the Internets are an open platform, but for financial systems.

http://fortune.com/2015/07/02/reid-hoffman-greylock-qa/
The comparisons between the infancy of Bitcoin and the infancy of the Internet have always been obvious.

It's good to see mainstream journalists pick up on it, but hopefully Bitcoin can someday escape this comparison that it can almost definitely never completely live up to.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 02, 2015, 11:41:51 PM
 #28078

interesting vision for Bitcoin by Reid Hoffman, Blockstream investor:

Now, is bitcoin going to be great or not? I don’t know. I think the least interesting question about bitcoin is the current price. The most interesting thing about bitcoin is that it’s an open platform the way the Internets are an open platform, but for financial systems.

http://fortune.com/2015/07/02/reid-hoffman-greylock-qa/
The comparisons between the infancy of Bitcoin and the infancy of the Internet have always been obvious.

It's good to see mainstream journalists pick up on it, but hopefully Bitcoin can someday escape this comparison that it can almost definitely never completely live up to.

my point is that Satoshi always meant for Bitcoin to be Sound Money or cash.  not a speculative platform for financial assets.  the whitepaper title:

"Bitcoin: A Peer-to-Peer Electronic Cash System"
thezerg
Legendary
*
Offline Offline

Activity: 1246


View Profile
July 03, 2015, 12:30:59 AM
 #28079

What if there were too many txns for any one computer to hold and process?  A full node could be implemented by a network of computers that trust each other but this would necessarily be costly and centralized.  But a more common situation analogous to todays P2P bitcoin network would be that every node knows a fraction of the txn history and can make statements like these UTXOs are confirmed by X amount of work.  Of course any node could request and verify the validity of any txn data it does not hold... so both of the above could coexist.

TL; DR Is it emotionally acceptable (as a holder of coins) that your node can't verify every txn that ever happened only those that it is interested in and so must rely on the network as a whole to validate the txns as a whole?
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
July 03, 2015, 01:38:01 AM
 #28080

TL; DR Is it emotionally acceptable (as a holder of coins) that your node can't verify every txn that ever happened only those that it is interested in and so must rely on the network as a whole to validate the txns as a whole?

I think in any future arrangement of full/light nodes, Bitcoin is still Bitcoin as long as any attacker (including a miner with majority hashing power) has to pay the same proof of work cost in order to double spend as they currently have to spend today in order to get their double spend accepted by a full node.

SPV client security will be acceptable once there exist fraud proofs which an attacker can't bypass without paying the full cost of a history rewrite.
Pages: « 1 ... 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 [1404] 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 1437 1438 1439 1440 1441 1442 1443 1444 1445 1446 1447 1448 1449 1450 1451 1452 1453 1454 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!