BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 199.

R-J-F

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AKA RJF - Member since '13

Quote from: dzimbeck on March 01, 2017, 07:08:37 PM

Quote from: cr197 on March 01, 2017, 12:55:44 PM

Good news in regards to quantum computer attacks

https://www.cryptocoinsnews.com/101656-2/

Very interesting. I'm still of the belief that Quantum computers don't exist. Google might claim they have one however I believe in Nikola Tesla who was not a fan of atomic theory and side with his theories instead. He thought the belief in atomic theory was a "psychosis". I'm not throwing out double slit entirely mind you or some of the circumstantial data. But it seems like theoretical mumbo jumbo science has become the new religion. I'm not saying extremely fast computers similar to speeds boasted by Quantum computing won't happen either. They most likely will. However I don't think the key to breaking BTC will be in brute force computing, it will be in breakthroughs in math and logic.

There are other alternative explanations for double slit than a particle/wavicle/wave... people make too many assumptions based on that data and don't consider many studies have alterior motives

Quantum computers exist just like interstellar travel exists, in the minds of dreamers and researchers. Neither will happen in our lifetime.
Even if we can spin one atom to the left and one to the right, that's as far from a practical, working computer like device as the Earth is from the nearest star. I don't know about you but, I know pretty much for sure I wont be vacationing on Alpha Centauri...

dzimbeck

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Quote from: altcoinrich on March 01, 2017, 07:17:15 AM

You should ask Steven Dai, aka Patrick Dai to return the money which he scammed you, Qtum foundation now know this scandal, hope they will report police to catch Patrick Dai.

Han Lin at Bter is a scammer too, I am happy to see Bter was hacked twice, NXT and BTC major hacks made Bter miserable, since they are scam site, so I don't show any sympathy on them. They deserve it.

Perhaps but if I spent my life trying to chase stolen money it's like chasing my tail. May as well go after Bob with a pair of brass knuckles. And then who is next? If I made a long list of jerks to go after I would never finish. A new jerk is born every minute. Instead I want to strike at the root and heart of the problem which is: How did so many people learn to be this way? How can we protect innocent people from having those things happen to them? Can we stop the propaganda machine that teaches people to be this way? Can we teach our kids to be better? Can we be better?

Those are preliminary questions. With free will we know we can't change the heart of men. Even trying makes us no better than our power hungry governments. We need to find the root of the problem. What inspires people to be this way? The media is a good place to start searching.

dzimbeck

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Activity: 2412

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Quote from: cr197 on March 01, 2017, 12:55:44 PM

Good news in regards to quantum computer attacks

https://www.cryptocoinsnews.com/101656-2/

Very interesting. I'm still of the belief that Quantum computers don't exist. Google might claim they have one however I believe in Nikola Tesla who was not a fan of atomic theory and side with his theories instead. He thought the belief in atomic theory was a "psychosis". I'm not throwing out double slit entirely mind you or some of the circumstantial data. But it seems like theoretical mumbo jumbo science has become the new religion. I'm not saying extremely fast computers similar to speeds boasted by Quantum computing won't happen either. They most likely will. However I don't think the key to breaking BTC will be in brute force computing, it will be in breakthroughs in math and logic.

There are other alternative explanations for double slit than a particle/wavicle/wave... people make too many assumptions based on that data and don't consider many studies have alterior motives

Karartma1

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Quote from: cr197 on March 01, 2017, 12:55:44 PM

Good news in regards to quantum computer attacks

https://www.cryptocoinsnews.com/101656-2/

Nice! this has been discussed many times around the forum but I have never heard of it in such terms

Quote

Bitcoin uses two fundamental cryptographic systems to achieve its security.
One is elliptic curve multiplication on a prime field which is a one-way function. This depends on prime function factorization mathematics that is vulnerable to quantum technology.
“The other is hash algorithms, and hash algorithms are not actually factorizable with quantum technology,” he said. “We don’t have very good algorithms for breaking hashes with Quantum computing.”
Satoshi didn’t put the elliptic curve public keys in the transactions until after they’ve been spent. A bitcoin address is a double-hashed version of a public key, meaning the public key is never seen by anyone until the user claims it by spending the transaction.

cr197

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Good news in regards to quantum computer attacks

https://www.cryptocoinsnews.com/101656-2/

cr197

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Activity: 307

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I'm hoping the "People's Republic of China" will soon be the new owners of Bter.
Would be awesome to see it taken away from Lin.

Medow

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Quote from: altcoinrich on March 01, 2017, 07:17:15 AM

Han Lin at Bter is a scammer too, I am happy to see Bter was hacked twice, NXT and BTC major hacks made Bter miserable, since they are scam site, so I don't show any sympathy on them. They deserve it.

Happy to see him lose customers money. That's sweet, remember it wasn't his and no doubt it is now.

altcoinrich

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You should ask Steven Dai, aka Patrick Dai to return the money which he scammed you, Qtum foundation now know this scandal, hope they will report police to catch Patrick Dai.

Han Lin at Bter is a scammer too, I am happy to see Bter was hacked twice, NXT and BTC major hacks made Bter miserable, since they are scam site, so I don't show any sympathy on them. They deserve it.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: aidia on March 01, 2017, 04:45:33 AM

Quote from: R-J-F on February 28, 2017, 03:33:13 PM

Quote from: gjsteele71 on February 28, 2017, 03:27:28 PM

Someone is dropping millions of BAY on the market today... do we know anyone who has a few million BAY laying around and might be upset about something?

Another buying opportunity... maybe the last.

Was there that much in the bad guys remaining accounts? Looks like an exit...

AKA Revenge Dump Roll Eyes

It's kind of true really what has been said here. I mean if these people did not actively try to destroy bay after extracting all the dev funds then most of us here would never had a chance to perhaps aquire bay at the levels we have done.

So although it's great they are all pariahs to this community now they in a way have given many who missed the ico an opportunity to aquire a larger % of bay than they would have been able too if this had not happened.

I guess the main person they screwed was david and he has come through this to end up a kind of hero in the community and has gained trust and recognition which will serve him very well in the future.

I like their revenge I didn't think we would get another chance at the 105-120 range again.

aidia

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Quote from: R-J-F on February 28, 2017, 03:33:13 PM

Quote from: gjsteele71 on February 28, 2017, 03:27:28 PM

Someone is dropping millions of BAY on the market today... do we know anyone who has a few million BAY laying around and might be upset about something?

Another buying opportunity... maybe the last.

Was there that much in the bad guys remaining accounts? Looks like an exit...

AKA Revenge Dump Roll Eyes

Karartma1

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That's good. Better to have some new people onboard

dzimbeck

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Quote from: gjsteele71 on February 28, 2017, 03:27:28 PM

Someone is dropping millions of BAY on the market today... do we know anyone who has a few million BAY laying around and might be upset about something?

Another buying opportunity... maybe the last.

If it is, that's who we want out. Slack says they didn't have much left

R-J-F

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Activity: 1078

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AKA RJF - Member since '13

Quote from: gjsteele71 on February 28, 2017, 03:27:28 PM

Someone is dropping millions of BAY on the market today... do we know anyone who has a few million BAY laying around and might be upset about something?

Another buying opportunity... maybe the last.

Was there that much in the bad guys remaining accounts? Looks like an exit...

gjsteele71

member

Activity: 109

Merit: 10

Someone is dropping millions of BAY on the market today... do we know anyone who has a few million BAY laying around and might be upset about something?

Another buying opportunity... maybe the last.

Karartma1

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Merit: 1422

Quote from: dzimbeck on February 28, 2017, 01:33:15 AM

Quote from: Karartma1 on February 28, 2017, 01:16:32 AM

Quote from: dzimbeck on February 27, 2017, 05:50:45 PM

Quote from: Karartma1 on February 27, 2017, 01:55:06 PM

snip

Last question:

Quote

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

Does this slow down the broadcasting time a bit? If another peer finds a stake before me while my multisig staking is doing that process do I lose my stake? In the end it's about broadcasting it before others.
In any case, I think this is a great step forward.

That's a very good question. Yes that depends on where the 2nd location is. It is less than a fraction of a second. On my LAN it's extremely fast. As you all know with online and network games there is low latency.

And actually the question is moreso how often you check to see if you have won. Rat4 recommend it's redundant to check more than every 16 seconds. But in Halo/Bitbay we check every 7. So perhaps that even gives us a tiny advantage. Also, because of the p2sh stake it lets our frozen coins stake which helps our chances of finding one in the first place. So unless your server lags there is no major difference.

Thank you David, I've learned something new.

I can now leave you to your work. Keep it up!
About Qtum there's not much to comment, that's the right ending for the story

dzimbeck

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Quote from: ?? on ??

QTUM delisted from www.icocountdown.com

https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b#.vccykvj59

Ha-ha saw that. They really might not go to ICO. I know they said they would but each day gets worse. It was really funny on their slack hearing "We were thinking to not even address it because nobody cares about the issue." and hearing "We didn't even talk about it in the office today".

Damn maybe you can hear a pin drop in their office. Cut the tension with a knife it's like the elephant in the room then.

I've never seen a project implode like that. It's wild to watch.

Anyways guys, there is still a couple things for me to do in this build. Should have the links up today though if my tests go well.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: ?? on ??

QTUM delisted from www.icocountdown.com

https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b#.vccykvj59

Yep it's done now. With all the main forum who were not even probably that aware of the project and not fans of ICO's anyway being given so much ammunition and with Gleb on the scene the pressure was too much to be pushing that scam.

Once people started investigating it for themselves and confirmed what was said here it was game over. You can tell people something and some will accept it but if you encourage them to investigate themselves the impact is far greater when their suspicions are confirmed.

Well done to david and elmer and gleb for saving us our btc again.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

volume is still good we are mostly in the top 10 for volume in bittrex except for freak pumps of other coins now and then.
Of the other stable top 10 volume coins the majority are on polo and doing huge volumes.
polo must recognise bay and add it eventually.
you only need a few big players to recommend bay for it to become the next xmr, dash, eth etc.

I am not sure why bittrex's volume dried up so much really it is a good exchange.

Nice to hear rat4 has helped with the project he is one of the best pos devs out there really.

Hard to believe we can still pick up 120-130 sats bargains at this stage.

dzimbeck

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Quote from: Karartma1 on February 28, 2017, 01:16:32 AM

Quote from: dzimbeck on February 27, 2017, 05:50:45 PM

Quote from: Karartma1 on February 27, 2017, 01:55:06 PM

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

Sure it's pretty simple actually. So most coins only stake normal single ket QT accounts. Blackcoin dev rat4 made me a series of improvements in POS 3 that allow me to spend with block signing key. Therefore, any input can stake now.

This means multisig can stake. Aka multisignature staking.

So if multisinature can stake then you can use two computers to stake in sort of a two step send. Aka cold staking.

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

This lets you stake with only one key connected. Thus your account is extremely hard to hack since your keys are on two completely different computers.

The 2nd location can be a server thus is perfect for exchanges and banks. The 2nd key can be a little staking device.

Lastly the innovation in POS 3 although simple is crucial for letting us stake with frozen coins.

The custom stake makes voting easier too as we can customize our payments and even donate our stakes or park them.

Those are the nice things about simply being allowed to stake via spending with block singing key embedded in the TX as opposed to limiting us to single key stake.

This is absolutely awesome! I got it almost right then.
Last question:

Quote

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

Does this slow down the broadcasting time a bit? If another peer finds a stake before me while my multisig staking is doing that process do I lose my stake? In the end it's about broadcasting it before others.
In any case, I think this is a great step forward.

That's a very good question. Yes that depends on where the 2nd location is. It is less than a fraction of a second. On my LAN it's extremely fast. As you all know with online and network games there is low latency.

And actually the question is moreso how often you check to see if you have won. Rat4 recommend it's redundant to check more than every 16 seconds. But in Halo/Bitbay we check every 7. So perhaps that even gives us a tiny advantage. Also, because of the p2sh stake it lets our frozen coins stake which helps our chances of finding one in the first place. So unless your server lags there is no major difference.

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: dzimbeck on February 27, 2017, 05:50:45 PM

Quote from: Karartma1 on February 27, 2017, 01:55:06 PM

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

Sure it's pretty simple actually. So most coins only stake normal single ket QT accounts. Blackcoin dev rat4 made me a series of improvements in POS 3 that allow me to spend with block signing key. Therefore, any input can stake now.

This means multisig can stake. Aka multisignature staking.

So if multisinature can stake then you can use two computers to stake in sort of a two step send. Aka cold staking.

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

This lets you stake with only one key connected. Thus your account is extremely hard to hack since your keys are on two completely different computers.

The 2nd location can be a server thus is perfect for exchanges and banks. The 2nd key can be a little staking device.

Lastly the innovation in POS 3 although simple is crucial for letting us stake with frozen coins.

The custom stake makes voting easier too as we can customize our payments and even donate our stakes or park them.

Those are the nice things about simply being allowed to stake via spending with block singing key embedded in the TX as opposed to limiting us to single key stake.

This is absolutely awesome! I got it almost right then.
Last question:

Quote

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

Does this slow down the broadcasting time a bit? If another peer finds a stake before me while my multisig staking is doing that process do I lose my stake? In the end it's about broadcasting it before others.
In any case, I think this is a great step forward.

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 199. (Read 542140 times)