Blocksteam side chain released - page 5.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: spartacusrex on October 14, 2015, 11:21:55 AM

Hmm..

I'm sorry - but can someone give me a definition of 'CONFLICT OF INTEREST' that would not apply to a decentralised open source project where the lead devs also work for a private company ?

I am not saying that the Blockstream boys are not passionate about bitcoin.

I am not saying that they have not done wonderful work and continue to do so.

I am not saying Sidechains are not an amazing achievement.

BUT - when the honeymoon is over.. and a choice needs to be made, will they go for blockstream's wishes, or the bitcoin community ?

because that day WILL come.

When the honeymoon is over.. and a choice needs to be made, will Gavin go for MIT's (USG) wishes, or the bitcoin community ?

When the honeymoon is over.. and a choice needs to be made, will Mike go for Google's/NSA/Circle (USG) wishes, or the bitcoin community ?

spartacusrex

hero member

Activity: 718

Merit: 545

Hmm..

I'm sorry - but can someone give me a definition of 'CONFLICT OF INTEREST' that would not apply to a decentralised open source project where the lead devs also work for a private company ?

I am not saying that the Blockstream boys are not passionate about bitcoin.

I am not saying that they have not done wonderful work and continue to do so.

I am not saying Sidechains are not an amazing achievement.

BUT - when the honeymoon is over.. and a choice needs to be made, will they go for blockstream's wishes, or the bitcoin community ?

because that day WILL come.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: muyuu on October 14, 2015, 11:01:47 AM

https://www.reddit.com/user/knight222

Quote

page not found

lol rekt

muyuu

donator

Activity: 980

Merit: 1000

Are you still shadowbanned in reddit, knight22? Aww isn't it a shame that admins shadowban brigadiers like you? But your opinions are so important, it's just not fair that you wouldn't be allowed to brigade.

Oh yes you are.
https://www.reddit.com/user/knight222

It's a good job there's no brigading here, although you XTards can of course try to appear to dominate the discussion by bringing over your motley crew.
https://www.reddit.com/r/bitcoinxt/comments/3opees/trying_to_talk_some_sense/

Oh well. We are still aware. You guys need to resort to these dirty tricks all the time, ain't that a shame?

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: knight22 on October 14, 2015, 10:57:06 AM

Quote from: brg444 on October 14, 2015, 10:54:21 AM

Quote from: knight22 on October 14, 2015, 10:42:15 AM

Talk is cheap. Wake me up when something happen for the bitcoin blockchain.

BTW contributors are not responsible for decision making you dumb kid.

Quote

In Bitcoin Core 0.10 we are migrating transaction signing, and only signing for now, to a cryptographic library we're currently developing-- libsecp256k1-- which is intended to provide a high-speed, sidechannel avoiding, and high-assurance implementation of the underlying public-key cryptography used in Bitcoin. Doing this allows us to deliver safer and more reliable software that better fits Bitcoin's specific needs. The library is mostly the work of Bitcoin Core super-contributor Pieter Wuille (sipa), though many other people are working on it too-- software created alone tends to be inherently unreviewed. This library is part of what Pieter and I are working on at Blockstream.

https://www.reddit.com/r/Bitcoin/comments/2rrxq7/on_why_010s_release_notes_say_we_have_reason_to

Scaling: check

Bitcoin blockchain: check

Blockstream originated: check

Wake me up when it is implemented.

Conflict of interest? still check

It is implemented as of Bitcoin Core 0.10.

Are you not tired of moving the goal posts? Must be pretty heavy.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: brg444 on October 14, 2015, 10:54:21 AM

Quote from: knight22 on October 14, 2015, 10:42:15 AM

Talk is cheap. Wake me up when something happen for the bitcoin blockchain.

BTW contributors are not responsible for decision making you dumb kid.

Quote

In Bitcoin Core 0.10 we are migrating transaction signing, and only signing for now, to a cryptographic library we're currently developing-- libsecp256k1-- which is intended to provide a high-speed, sidechannel avoiding, and high-assurance implementation of the underlying public-key cryptography used in Bitcoin. Doing this allows us to deliver safer and more reliable software that better fits Bitcoin's specific needs. The library is mostly the work of Bitcoin Core super-contributor Pieter Wuille (sipa), though many other people are working on it too-- software created alone tends to be inherently unreviewed. This library is part of what Pieter and I are working on at Blockstream.

https://www.reddit.com/r/Bitcoin/comments/2rrxq7/on_why_010s_release_notes_say_we_have_reason_to

Scaling: check

Bitcoin blockchain: check

Blockstream originated: check

Wake me up when it is implemented.

Conflict of interest? still check

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: knight22 on October 14, 2015, 10:42:15 AM

Talk is cheap. Wake me up when something happen for the bitcoin blockchain.

BTW contributors are not responsible for decision making you dumb kid.

Quote

In Bitcoin Core 0.10 we are migrating transaction signing, and only signing for now, to a cryptographic library we're currently developing-- libsecp256k1-- which is intended to provide a high-speed, sidechannel avoiding, and high-assurance implementation of the underlying public-key cryptography used in Bitcoin. Doing this allows us to deliver safer and more reliable software that better fits Bitcoin's specific needs. The library is mostly the work of Bitcoin Core super-contributor Pieter Wuille (sipa), though many other people are working on it too-- software created alone tends to be inherently unreviewed. This library is part of what Pieter and I are working on at Blockstream.

https://www.reddit.com/r/Bitcoin/comments/2rrxq7/on_why_010s_release_notes_say_we_have_reason_to

Scaling: check

Bitcoin blockchain: check

Blockstream originated: check

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: brg444 on October 14, 2015, 10:51:49 AM

Quote from: knight22 on October 14, 2015, 10:42:15 AM

Talk is cheap. Wake me up when something happen for the bitcoin blockchain.

BTW contributors are not responsible for decision making you dumb kid.

Look at the right places, retard.

https://github.com/bitcoin/bitcoin/pulls

GMaxwell:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Agmaxwell+

Peter Wuille:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Asipa

Matt Corallo:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Athebluematt+

Jorge Timon:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Ajtimon

Mark Friedenbach:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Amaaku

Doesn't change anything about the conflict of interest. Sorry.

RKing

newbie

Activity: 56

Merit: 0

Who makes decision in the core development? We have to consensus from our community all the time?

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: knight22 on October 14, 2015, 10:42:15 AM

Talk is cheap. Wake me up when something happen for the bitcoin blockchain.

BTW contributors are not responsible for decision making you dumb kid.

Look at the right places, retard.

https://github.com/bitcoin/bitcoin/pulls

GMaxwell:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Agmaxwell+

Peter Wuille:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Asipa

Matt Corallo:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Athebluematt+

Jorge Timon:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Ajtimon

Mark Friedenbach:
https://github.com/bitcoin/bitcoin/pulls?utf8=%E2%9C%93&q=is%3Apr+author%3Amaaku

Kprawn

legendary

Activity: 1904

Merit: 1074

Well, as long as it's not forced onto people and still cheap to use for the people who wants to use it... it's cool with me. Looks like it's a attractive option for the exchanges who

wants to keep the transaction volumes private for some reason. I cannot see why people have so much hangups with side chains anyway... I guess if you used to services like

Xapo, this is not something new. Let's move on.. Roll Eyes

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: brg444 on October 14, 2015, 10:40:27 AM

Quote from: knight22 on October 14, 2015, 10:34:57 AM

Quote from: brg444 on October 14, 2015, 10:31:04 AM

Quote from: knight22 on October 14, 2015, 10:22:37 AM

Quote from: brg444 on October 14, 2015, 10:18:25 AM

Quote from: knight22 on October 14, 2015, 10:15:37 AM

Quote from: xyzzy099 on October 14, 2015, 10:02:03 AM

Quote from: ?? on ??

Quote from: xyzzy099 on October 14, 2015, 09:38:35 AM

Quote from: knight22 on October 14, 2015, 09:21:06 AM

Quote from: jonald_fyookball on October 14, 2015, 09:00:31 AM

Quote from: ABCbits on October 14, 2015, 08:48:55 AM

Tried to find good point from side chain, but give up after saw this : "paying an undisclosed monthly subscription fee"
Not transparent, centralized & have to pay monthly subscription fee. Why should we use it, unless if we really need to send bitcoin instanly?

It's good solution to fix long waiting time, but i hope it could be more transparent & cheap

well, we have to assume the exchanges are using it because they choose to. No one is forcing them.
Perhaps its easier to settle than using Bitcoin.

Maybe they find it less cluttering and easier to manage than the main chain.

I have no problem with it as long as people have a choice and its not used to justify keeping blocksize limited.

Indeed but it is also clearer now why the blocksize is being kept limited.

It's not clear to me why the Bitcoin blocksize would make any difference at all with respect to Liquidity. Can you explain?

By letting the blocks getting bloated which will gives incentives for businesses to move to their lucrative centralized solutions. Liquid being the first of many.

Liquid is an alternative to the already-centralized private databases of the exchanges. The block size has nothing to do with it at all.

It has a lot to do when their business model to make profits by driving transactions to their centralized services.

Their business model is to create distributed environments following Bitcoin's model to accommodate use cases that are not possible on the mainchain yet leverage Bitcoin's scarcity and liquidity.

Exactly. They are making profits to drive away transactions from the main chain so they will never work to get the bitcoin blockchain more efficient and scale properly because it will threaten their business model. 5 of them are working for Core.

Instant transactions will never be possible under Bitcoin and unless Confidential Transactions is eventually merged into Bitcoin the main chain will never serve the privacy needs of certain use cases.

The solution offered by Liquid is derived from shortcomings inherent to the main chain. These sidechain essentially serve as testing grounds for features that could eventually be backported into Bitcoin once they are proven to be compatible and functional (Confidential Transactions).

They are not driving any transaction away from the main chain but actually bringing centralized services operating under private databases closer to the Bitcoin ecosystem to improve its liquidity and value.

Every Core developers working at Blockstream have made considerable contributions to the progress of Bitcoin scaling and efficiency and continue to do so. You're just so full of shit that you choose to fixate on one parameter of scalability and ignore the tremendous amount of work that has been put into the code so that Bitcoin actually functions properly under existing 1 MB limit.

I wouldn't mind about Blockstream if they worked as an independent company but the fact that they are also responsible of decision making of Core development is the worst thing that could happened to bitcoin.

They will never work to scale the bitcoin blockchain properly no matter what solution there is.

Too bad you're too much of an idiot to see the conflict of interest here.

Blockstream is not solely responsible for decision making in Core development. Here is a non-exhaustive list of current Core contributors, Blockstreams employees in bold:

- - Adam Weiss
- - Alex Morcos
- - Casey Rodarmor
- - Cory Fields
- - fanquake
- - Gregory Maxwell
- - Jonas Schnelli
- - J Ross Nicoll
- - Pavel Janík
- - Pavel Vasin
- - Peter Todd
- - Pieter Wuille
- - randy-waterhouse
- - Ross Nicoll
- - Suhas Daftuar
- - tailsjoin
- - ฿tcDrak
- - Tom Harding
- - Veres Lajos
- - Wladimir J. van der Laan
- - LukeJr
- - Jeff Garzik

As I've previously stated they have already worked tirelessly to scale Bitcoin blockchain properly.

You're just too dumb to realize that there's more to scaling Bitcoin than raising the block size.