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Showing 20 of 149 results by goregrind
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Board Development & Technical Discussion
Re: Why didn't satoshi use PoW for something else?
by
goregrind
on 17/10/2018, 16:13:12 UTC
Did satoshi avoid this in purpose to avoid possible game theoretical incentive problems so he made it strict bitcoin without side use cases?

Yes. The only thing keeping Bitcoin together are properly aligned incentives.
As seen in the covert asicboost scandal, the smallest misalignment can wreck chaos.
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Topic
Board Bitcoin Wiki
Re: Request edit privileges here
by
goregrind
on 10/08/2017, 08:42:44 UTC
username: goregrind
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Topic
Board Bitcoin Discussion
Re: How to double spend - ( With Custom fee )
by
goregrind
on 10/05/2017, 12:30:31 UTC
One confirmation is as safe as it ever was, stop spreading FUD
zero confs were never safe.
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Topic
Board Development & Technical Discussion
Re: Opening LN channel with zero balance?
by
goregrind
on 03/04/2017, 17:21:04 UTC

I don't see "bigger hubs" being a relevant factor - or even a useful description - as to why these "bigger hubs" would be more attractive than one I spun up on a different server.  What would they offer that someone couldn't duplicate quite easily? :-)



Suppose that everyone has an open channel to amazon. Given this everyone can pay everyone through amazon with just one channel open.
You can spawn as many nodes as you want theres nothing you can do to get any payments routed through your node because X-Amazon-Y will always be the shortest path. The more connected your node is the more useful it is so new nodes have no use.
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Topic
Board Development & Technical Discussion
Re: Opening LN channel with zero balance?
by
goregrind
on 03/04/2017, 14:52:02 UTC

I can spin up a lightning daemon on one of my existing web servers quite quickly.  And I could add bitcoind to it easily if it wasn't already on a particular machine.  The barriers to entry are low.  The cost on an existing server is negligible, but it can bring in revenue.  It may be that this increases the number of bitcoin nodes because of this.


Whats the point of you being able to run a lightning node if no payments will be routed through it ?
Just because you can run a node doesn't mean it will be used. You will have to compete with the bigger hubs on fees and uptime.
The best lightning setup is with one central hub.
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Topic
Board Development & Technical Discussion
Re: Opening LN channel with zero balance?
by
goregrind
on 03/04/2017, 09:00:44 UTC

Except one crucial difference.


The strongest point of Bitcoin is its decentralization and this is why the scaling debate is such a big issue.
Why is it that we're now ok with centralization ? If lightning leads to a few centralized hubs then we need
to design it in such a way that this won't cause issues further down the road.
We're taking this too lightly.
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Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 19:13:30 UTC
ENOUGH OF THIS BULLSHIT! WE HAVE A FIRST-MOVER

Bitcoin Classic is splitting off

Quote
As an act of good faith, and to resolve this fight amicably so we can all move on, we have decided to split off. We wish all the best to those who continue on the other path.

Bitcoin is finally saved! Bitcoin Classic has decided to end this BullShit SegWit vs. BU drama by simply splitting off. This is actually a really good news because we get the good old Bitcoin back and we can be sure they are not trying to implement anything crazy and dangerous such as the SegWit soft fork hack or ermergent consensus. Both suck. Bitcoin Classic is the way to go, we get block size increase and gradual enhancements to the Bitcoin protocol. I'm with Bitcoin Classic.

https://imgur.com/a/whClL
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Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 19:12:36 UTC
To be entirely fair, it was core supporters who artificially crashed the market by selling 20k btc on bitfinex and gdax after the first xt block was mined. So if anything, the selloff was core supporters trying to manipulate the price...

Care to back that up with some proof ?

https://www.reddit.com/r/bitcoinxt/comments/3hhbm5/first_mined_xt_block_370434/
https://twitter.com/bitfinex/status/633811197452775424

Before we go even further how are you telling this are Core supporters ?
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Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 18:38:44 UTC
So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

the DNS seed that controls the routing.... obviously

the DNS seed is used for jumpstarting bitcoin nodes not for lightning


thats a bitcoin DNS seed

LN has its own DNS seed..
remember rusty russel of LN is a blockstream employee
remember Cdecker is LN is a blockstream employee - https://github.com/cdecker/lseed
Quote
A DNS seed for the Lightning Network


edit
to counter the fail of calling it Fud/conspiracy from trainwreck

Ok. How can this be abused ?
This is for convenience just like the bitcoin DNS seed. Every lightning node operator
will make sure its well connected to the rest of the network so this is a minor nuisance even if abused.
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Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 18:22:19 UTC
So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?

the DNS seed that controls the routing.... obviously

the DNS seed is used for jumpstarting bitcoin nodes not for lightning
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Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 18:13:08 UTC
To be entirely fair, it was core supporters who artificially crashed the market by selling 20k btc on bitfinex and gdax after the first xt block was mined. So if anything, the selloff was core supporters trying to manipulate the price...

Care to back that up with some proof ?
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Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 18:03:29 UTC

             Bob          Cindy
              ^             ^
              v              v
alice < > blockstream/DCG < > Felicia
              ^             ^
              v              v
            Dave        Eddie

So your argument is that blockstream will have the biggest hub. Can you tell us why you think so ?
What does blockstream have that nobody else running a hub has ?
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Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 16:00:06 UTC
typical

I hope you're all being paid good money for the disservice you are doing to humanity.  
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Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
goregrind
on 26/03/2017, 15:44:41 UTC
I`m newbie in many things, can you please explain to me what is the difference between real and fake bitcoins? How can we notice the difference?
I understand that some dev`s have different opinion on how should bitcoin be upgraded, many things are complicated for me to understand, can someone clear up things for me?
Whom to trust, I noticed some names, and many people argue what is right, and everyone tell some other story. I`m ordinary man, and I think there is many people here just like I`m, how can we know who tells the truth and really wish good for bitcoin, and who is looking for fast profit?


Its a hard choice - on one side you have the bitcoin developers and thinkers who have devoted their time on making the world a better place
on the other side you have two rich guys that have done nothing for world except make themselves richer.
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Topic
Board Bitcoin Discussion
Re: How can i contribute to bitcoin network (15-25 usd budget / mo)
by
goregrind
on 09/12/2016, 13:24:06 UTC
Hello;

I want to contribute and help bitcoin network. The first thing comes to the mind is "mining" or "being a bitcoin node"

I'm really up to hosting a node, but i'm scared of the law side of this thing. (I may help a drug money without knowing) or something like that. But i want to be a part of this network and help it for free.

Please share your ideas.

Thank you!

Running a node on a vps won't make any positive impact to bitcoin.
If you want to help the bitcoin network just buy $15-25 worth of bitcoin every month and HODL
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Topic
Board Bitcoin Discussion
Re: I am sorry to say, Mike Hearn was right.
by
goregrind
on 09/12/2016, 13:19:59 UTC
You don't need Greg Maxwell's permission. This is Bitcoin. The code is open source.


this is a shitty thread but this is an angle that's often rolled out that doesn't quite ring true for me. that's like some fat mom in an arkansas backwater deciding she wants to run for president. you can certainly do so and no one's gonna stop you. no one's gonna pay you the slightest attention either.

How come it doesn't sound true to you ? Are you implying that in order to feel that thats true you need to be able to modify bitcoin according to your wishes
and everyone needs to follow ?
You can both modify bitcoin and run for president and the number of real followers you get is a direct metric of how good your ideas are.
If you're not getting any followers and you still feel you're in the right then nobody can help you.
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Topic
Board Politics & Society
Re: religion
by
goregrind
on 20/06/2016, 10:22:17 UTC
people are religion minded beings.
As of right now, this statement holds true and encompasses every human on earth.
every human on earth huh? do you know every human on earth? are you inside the mind of every human on earth? if you say many human beings are religion minded i would agree with you. but you both cross the line from being correct to over exaggerating. you do you speak for every human on earth. if you want to be taken seriously choose your words more carefully.

Yea we get it, you're special. Now get off your high horse
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Topic
Board Off-topic
Re: Steady Way To earn Bitcoin Online...
by
goregrind
on 27/05/2016, 07:30:18 UTC
work for it
Post
Topic
Board Development & Technical Discussion
Re: Simple logic to avoid confusing tx fee with transaction amount
by
goregrind
on 12/05/2016, 08:30:55 UTC
I was thinking about the person that accidentally sent about 300 btc as a fee and .001 as the transaction amount, and it occurred to me that some simple logic could be put in place to avoid that. Just add a check to see whether the tx fee is larger than the amount being transferred and if so, either warn the user or reject the transaction or whatever. I don't recall what wallet he was using, but I haven't heard that any wallet has such simple logic yet....



The reason this simple logic doesn't work is because there are valid transactions where the amount transferred is less than the tx fee.
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Topic
Board Bitcoin Discussion
Re: Are so many cryptos good for the world? Or is it better to have only a few?
by
goregrind
on 11/02/2016, 16:38:39 UTC
We can all voice our opinions...
but in the end whats good for the world is for no one to decide