Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT has code which downloads your IP address to facilitate blacklisting
by
JorgeStolfi
on 26/08/2015, 17:32:12 UTC
I inferred that you see it as a duty (and a self-serving one) to destroy an autonomous solution which threatens your sponsorship in even a modest way.

No, sorry to disappoint you, it doesn't threaten my sponsorship at all.  On the contrary, if I were to assimilate into the Borg I could perhaps make some good money on the side by consulting for bitcoin startups, like Antonopoulos at Neo & Bee; or for some cryptocoin "better than bitcoin", like Peter Todd at Viacoin.

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Throwing your weight behind a solution like XT

I am not pushing for XT.  I am only pointing out that driving the network into congestion will render bitcoin unusable for the only purpose that it was designed for, and vulnerable to relatively cheap spam attacks.

The block size limit must be raised: that is just an obvious technical conclusion.  It doesn't matter which software is used, as long as it allows blocks to grow ahead of the the demand, and leaves enough spare capacity in the network to make spam attacks very expensive for the attacker.

(While I don't have particular admiration for Gavin and Mike, I do think that Blockstream are the bad guys in this war.  They have been using every dirty trick to preserve their control of the protocol -- from FUD, DDoS of XT sites, and censorship of /r/bitcoin, to posting anti-XT messages on /r/buttcoin while pretending to be legitimate buttcoiners.)

(Moreover, Gavin and Mike seem to be competent software engineers, whereas the Blockstream guys may be really unable to understand why congestion is bad, why the fee market will not work, and why LN will not be economically viable.  As Napoleon would say...)

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The systems you champion with it's gigantic web of derivatives and such are getting due for the re-set which is part of the formula.  

Are you referring to the stock market?  Where did you get the idea that I "champion" derivatives and complicated financial instruments?  I dislike them for the same reason that i dislike bitcoin-as-investment: they are either gambling or swindles, depending on whether the losers understand what is going on or not.

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statist

Well, since my salary comes out of the sales tax of the State of São Paulo, I must admit that you got that part right.   Cheesy


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