Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
(quotes snipped and cherry-picked for manipulation) /s
Yes. Fungibility.What's the issue with fungibility that's so specific to segwit?
As I posted between there and here, Segwit creates three classes of Bitcoins. Each with distinctly different exposure to security vulnerabilities.
1) Those that are completely free of any Segwit taint all the way back to their constituent coinbase transactions;
2) Those that are not currently output from a Segwit transaction, but have Segwit taint between here and their constituent coinbase transactions; and
3) Those that are the output of a Segwit transaction.
Only type-1 coins have a special status. Turning any coin into type-2 or type-3 is trivial. So does that make blacklisting easier?
No. But without Segwit, all miners were able to do with a 51% attack is roll back transactions. They were unable to steal funds.
I think @bitserve addressed this point better than I could.
Why don't we focus upon these issues first, before moving on?
So I assume that's it. I wanted to assess the full import of the terrible peril we've chosen to stick our heads into, so I could cry a little doom before getting bogged down in hairy technical discussions. Discussions that will be disrupted by friendly invitations such as the following.
I would have liked to include some quote with "nutjob" or "ratt's ass". Maybe next time. You still get the picture
Can you provide me technical arguments/proof why Segwit is 'flawed' ore show it at the Github?
Yes. Fungibility.
As I posted between there and here, Segwit creates three classes of Bitcoins. Each with distinctly different exposure to security vulnerabilities.
1) Those that are completely free of any Segwit taint all the way back to their constituent coinbase transactions;
2) Those that are not currently output from a Segwit transaction, but have Segwit taint between here and their constituent coinbase transactions; and
3) Those that are the output of a Segwit transaction.
Reliance on miners not to revert to 'anyonecanspend' - an incentive for which only increases over time.
That is, reliance on miners not to try a 51% attack. Does this imply the chain without segwit is invulnerable to 51% attacks?Why don't we focus upon these issues first, before moving on?
Get the fuck out of here with your BIG BLOCKER distraction talking points - now trying to pervert the concept of fungibility.
(snip)
get the fuck out of here with your nonsensical misleading assertions.
(snip)
get the fuck out of here with your nonsensical misleading assertions.
I would have liked to include some quote with "nutjob" or "ratt's ass". Maybe next time. You still get the picture