Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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Get on board or get out of the way.
Get on board or get out of the way.
salt..
http://qntra.net/2015/12/after-xt-failure-gavin-andresen-supports-jim-crow-for-signatures-on-the-blockchain/
and pepper... http://trilema.com/2015/theres-a-one-bitcoin-reward-for-the-death-of-pieter-wuille-details-below/
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This denigration of signatures represents nothing less than an attack on the primacy of cryptography in cryptocurrency. The blockchain represents a complete and verifiable historical record of every transaction and balance in Bitcoin. Attacking verifiability by lopping off signatures in a misguided effort to cram more transactions into a megabyte. This leaves a eunuch which is no longer the virile Bitcoin we love. As signatures fade into history, cryptographic certainty is replaced by faith and hope.
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Ultimately, it is about increasing the number of places where Bitcoin can break and reducing the prominence of cryptography in cryptocurrency.
http://qntra.net/2015/12/after-xt-failure-gavin-andresen-supports-jim-crow-for-signatures-on-the-blockchain/
and pepper... http://trilema.com/2015/theres-a-one-bitcoin-reward-for-the-death-of-pieter-wuille-details-below/
But at least you understand that BIP101 will increase the risk of centralization. However for SW proposal, I totally don't understand anything at all: By changing the bitcoin architecture, Pieter essentially change it to something else, an alt-coin. So all the talks about SW should go into alt-coin section, not here. And all this large degree of deviation from Satoshi's original design for what? A mere one time increase for capacity of light nodes, not even helping full nodes?
I've been quite surprised by your reaction to this proposal.
It's as if you're being intentionally obtuse because clearly you are making no effort at understanding SW and overexagerate its complexity.
Whether or not you agree with its motivations and underlying ideology SW is pretty straight forward.
straight forward in cutting out the cryptographic signatures out of the blockchain... to allow more spam.
thank you but no thank you.
forkers should create their own altcoin already.
Bye hdbuck and Mircea Popescu! The technical consens-o-tron bids you farewell!
