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Showing 20 of 715 results by AliceWonderMiscreations
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Board Bitcoin Discussion
Re: BU is closed source??? WTF?
by
AliceWonderMiscreations
on 27/03/2017, 04:10:38 UTC
I think these 12 hours is a real problem for following reasons:
1) The fix concerned security and as such it had to be adopted immediately. Someone citing "emergency" character should understand this is rather aggravating circumstance, not an excuse.
2) They must have had the sources before released binaries. What was the reason/purpose for not disclosing them for 12 hours? It had to be done intentionally. Are there better and worse players, some who award the security and the rest that do not?
3) Do you think an exchange or any other serious company can work straight with binaries, especially unsigned? Aren't their operators supposed to audit the sources?
4) How much can a crypto change it's value within 12 hours? Can you imagine such a rapid change while all your assets are frozen and you can't do nothing because all major exchanges disabled your wallets? Isn't it like someone deleted your Bitcoin by erasing it's value while locking it "temporary"?

I have not yet got involved in BTC vs. BTU discussion till now and my opinion is not partial for that.
Did BTU team give any explanation for that what has happened? Did they encounter HDD failure?
Do they find such a practice normal and are going to exercise it in the future?

I agree they should not have released a binary based upon code not in the public git repository. That was a mistake.

The git commit/push should have taken place before they released the binary.

It was a mistake and it was corrected. For people like me who only build from git, that means we had to wait, though honestly - the git repo had been updated by the time I found out about it and I suspect that is the case for many people.
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Board Bitcoin Discussion
Re: stop blaming miners
by
AliceWonderMiscreations
on 25/03/2017, 02:58:29 UTC
Miners control the hashing.  Users control the economics. 

The users only control killing Bitcoin by selling it. Otherwise they control nothing in face of a 51% attack.

Please stay on the facts.

The facts are the value of Bitcoin plummets when users no longer see it as meeting their needs. Supply of bitcoin remains but the demand plummets.

Those are the facts you repeatedly like to try to use fancy words to distract from.
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Board Bitcoin Discussion
Re: stop blaming miners
by
AliceWonderMiscreations
on 25/03/2017, 02:53:25 UTC
Sorry but I reject your idea that there is such thing as a mining cartel.

Miners control the hashing.  Users control the economics. 
 

Exactly, and the hashing is critical to the security of the network.

The miners provide an important service, but they are paid in Bitcoin for that service and it would be foolish of them to reduce their pay by driving users away.
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Board Bitcoin Discussion
Re: Proposal: Make the orignal "Nakamoto" coins available for miners
by
AliceWonderMiscreations
on 25/03/2017, 02:19:28 UTC
That article (with fabricated quotes) shouldn't impact coins for which the public address has never been revealed.

Even if ECDSA is ever broken, you still would need the public key in order to crack the private key and to get the public key, you need a way to produce a valid public key that when hashed matches the address.

Or did Satoshi use public keys to pay himself? (I don't know).

But basically, value is only in danger when the public key is known and it isn't known from a Version 1 address unless you have spent outputs that used that address.
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Board Bitcoin Discussion
Re: When will SegWit activated, considering BU nodes is a very small number now?
by
AliceWonderMiscreations
on 24/03/2017, 13:27:41 UTC
BU activation at 51% could happen because of some rogue miner who produces a block of over 1 MB, I don't think that is BU's strategy.

No it can't. Miner's that signal BU support would currently reject it as invalid.

They designed it with some good features. They signal support of larger blocks but they don't accept larger blocks until either manually turned on or X of last Y blocks are bigger.
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Board Bitcoin Discussion
Re: BU is closed source??? WTF?
by
AliceWonderMiscreations
on 23/03/2017, 20:04:32 UTC
Where is this closed source stuff coming from? I see a tweet by someone opposed to BU, but I also see a git repository with open source code that I use to build the BU client.

Seriously, where is this claim coming from?
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Board Bitcoin Discussion
Re: Why Satoshi... ?
by
AliceWonderMiscreations
on 23/03/2017, 19:26:51 UTC
Why Satoshi doesn't express his opinion about BU, segwit, hard forks and other crucial things like these?

I think it would be very important to hear his voice and to know what he thinks about it, because those crucial things could even lead to a Bitcoin implosion.

But if he doesn't express his opinion maybe he just don't care about Bitcoin anymore or maybe he's already dead, as many people believe...
-> Satoshi will never come online because that may lead to chaos on bitcoin market.

Yeah, his "worth" in Bitcoin is substantial but if any UTXOs we know are his hit the market, there will be panic and dumping.

Must be frustrating to have substantial value that does not exist because if you spent even a little, it's worth is gone.
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Topic
Board Speculation
Re: Is Bitcoin in a bubble right now?
by
AliceWonderMiscreations
on 23/03/2017, 19:23:43 UTC
Yes, I think it belongs around $700.

But I am not mister financial wizard.
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Board Bitcoin Discussion
Re: Why Satoshi... ?
by
AliceWonderMiscreations
on 23/03/2017, 17:03:42 UTC
In my opinion I think the worst thing that could be happen is that BU is only a possible prelude of a "private network" and a prelude of a way for patents registered.

Not sure how BU could be a prelude for patents registered since prior art clearly exists.

However Blockstream has not only filed for numerous patents but has the financial backing of companies that expect to profit from those patents.

It is the second-layer networks that are the prelude to the bitcoin patent wars.
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Board Bitcoin Discussion
Re: Why Satoshi... ?
by
AliceWonderMiscreations
on 23/03/2017, 16:04:51 UTC
Satoshi may have opposed forks but that doesn't reflect what his opinion on block size would be - where there is clear indication he wanted it to grow. Namely posts he made right here on this very forum.
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Board Bitcoin Discussion
Re: BU is closed source??? WTF?
by
AliceWonderMiscreations
on 23/03/2017, 15:52:22 UTC
https://github.com/BitcoinUnlimited/BitcoinUnlimited

I don't know what BU you are using, but that is the one I am using, built on my local system from source code retrieved via a git clone.
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Board Bitcoin Discussion
Re: The Lunacy of BTU Supporters
by
AliceWonderMiscreations
on 21/03/2017, 15:06:47 UTC
BUcoin is dead. Nobody will use inferior software commanded by a mining cartel when you got world class coders working in Core with a new non-centralized mining algo.

Miners can be easily replaced, coders can't. Can't wait to dump BUcoin.

Then why is Windows still so popular?
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Board Bitcoin Discussion
Re: [POLL] SegWit (BTC) vs Bitcoin Unlimited (BTU): Which Would You Choose?
by
AliceWonderMiscreations
on 21/03/2017, 01:01:51 UTC
Just an interesting note - when I first saw people complaining about the censorship regarding the debate, I thought it was bullsh*t. Bitcoin is full of libertarians, why the hell would they censor stuff?

Then I saw it first hand, especially on reddit but even here I have seen it.

What were they so afraid of to resort to censoring stuff? I wanted to know, so I looked to find out, and that's when I started to see what was really going on.
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Board Bitcoin Discussion
Re: [POLL] SegWit (BTC) vs Bitcoin Unlimited (BTU): Which Would You Choose?
by
AliceWonderMiscreations
on 21/03/2017, 00:58:13 UTC
Its my personal belief that the BU faction is enabled and encouraged by the Chines mining pools who are in turn controlled by Chines government oligarchs.  

After a theoretical continuous hard fork between Bitcoin Core and BTU the mining pools who initiated the fork would be in full control of the BTU chain. They would have 95% of the hash power. Its my belief that if they fail to win a majority of the Bitcoin communities support and the price of BTU coins starts to fall dramatically below the price of Bitcoin they will halt all transactions on the BTU chain other then their own coins so they can flash sell for a huge profit before pointing their miners back to the Bitcoin Core chain. They will have lost there bid for complete control over Bitcoin but they will have made millions. It is known that Chines miing pools are sitting on millions hundreds of thousands of bitcoins.

Any evidence for this, or is this just the result of racially biased people who keep portraying the Chinese as the bogeyman?

This is what I personally believe is happening.

Wealthy people often increase their wealth by leeching off of the flow of money. The wealth they possess is what allows them to be in a position to do that.

With Bitcoin as it currently is, only the miners profit off of the flow of money.

The wealthy are generally not able to mine because of the cost of power, the cost of power has put the mining advantage into geographical regions where power is cheap rather than into economic class.

So what they want to do is change how bitcoin works, so that the miners can only profit from a settlement layer and transactions take place on their side channels where their wealth gives them an advantage and they can increase their wealth by leeching off the flow like they do with traditional banking systems.

That is what I see happening.

Perhaps for me it is a bias against the 1% just like some people have a bias against Chinese.
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Board Bitcoin Discussion
Re: The Lunacy of BTU Supporters
by
AliceWonderMiscreations
on 20/03/2017, 23:29:18 UTC
I know I am not a normal person.

I do support BU. Am I a lunatic?

Well there are several indications that I might be.

I'm a heterosexual male with a masculine name yet I like to be called Alice.

I would rather look for frogs and snakes than mingle with people, often ending up covered in snake musk with mud around my pant legs, and then wonder why the chicks I do try to mingle with avoid me.

I get stuck on a concept, not as in can't understand it, but can't stop thinking about it to save my life.

So yes, I suppose many would classify me as a lunatic.

That doesn't mean I shouldn't have a voice or that my opinion is worthless. Only bigots thinks that way.
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Board Bitcoin Discussion
Re: [1000 unconfirmed transaction] Spam attack has practically ended for 2 days!
by
AliceWonderMiscreations
on 19/03/2017, 21:21:33 UTC
This shows us that there is absolutely no need for Bitcoin Unlimited or I do not know what other scaling solution that is absolutely not needed.

Quite the opposite, it shows us there is a need because it demonstrates quite clearly that the limited block size creates an attack vector that works.
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Topic
Board Speculation
Re: SegWit losing Bitcoin Unlimited winning -> Moon soon
by
AliceWonderMiscreations
on 19/03/2017, 21:14:41 UTC
Bitcoin Unlimited is doomed now that I've shown it is based on faulty math. This is fundamental and the entire concept of unlimited block size is flawed. Once the market digests my revelation

This is an illusion.  Markets don't digest mathematical revelations.

Let's put that to a test right now. I am going to refute you and let's see if the market is paying attention, because miners damn well better be paying attention.

Perhaps you haven't noticed that before I made my shocking math post, the Bitcoin price was declining, since I made my post then the BTC price has risen 5% and miner support for BU has declined. I think the market is paying attention and that is why I am following up with more explanation (when I should be sleeping instead because it is 2:30am where I am and I am on medications).

I think you are letting your ego fool you into thinking correlation = cause and effect.
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Board Bitcoin Discussion
Re: Trigger for BTC / BTC hard fork
by
AliceWonderMiscreations
on 19/03/2017, 19:25:41 UTC
What I saw - first they have to reach 75% of nodes for a full difficulty period.
Then they will maintain 75% of nodes for two additional difficulty periods while getting the word out that the fork is coming.
Then the fork can happen.

So it will take at least 6 weeks from when they hit 75% - and they are only in 30% range now - http://nodecounter.com/#bitcoin_classic_blocks - only about (just under) half the mining hash power needed.

They don't have to stick to that plan but won't fork w/ less than 51% and I doubt they will do it with less than 75%.
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Board Bitcoin Discussion
Re: Hard Fork and Offline/Paper Wallet question
by
AliceWonderMiscreations
on 19/03/2017, 19:19:44 UTC
Note that if you do this, when receiving transaction from others, what you receive may be on both chains - so rinse and repeat if it is.
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Board Bitcoin Discussion
Re: Hard Fork and Offline/Paper Wallet question
by
AliceWonderMiscreations
on 19/03/2017, 19:17:05 UTC
Let's say you have 3 BTC worth it UTXOs you can spend.

After the fork, you will have 3 BTC and 3 BTCu (where BTC is core and BTCu is unlimited)

However there is no way to prevent a transaction from being transmitted to miners on both chains. So you what you have to do, is set yourself up so that your UTXOs are not valid on both branches.

Launch a BU client and buy some dust mined in BTCu branch. Create a transaction that sends all your coins PLUS the dust to yourself.

The result in only spendable on BTCu branch because it is not valid on BTC core branch.

Now your value is separated and you can't accidentally create a transaction that is valid on both chains and you still have 3 BTC on both chains.

I suspect within six months, one of the chains will either fail or value will drop to near 0. We'll see.

But if I gamble on Unlimited and do all my transactions on unlimited and then unlimited fails - I will still have 3 BTC on core because I made sure my transactions after fork are not valid on the core fork.