Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13570. (Read 26716992 times)

Wasn't this the same point about the last run too?  We had the flippening, the cashening, the rippling, the dashening.. and perhaps some other pump and dump lame shitcoin bitcoin is dead prognostications.

You must be like the thousandth person to say that

something original could be better

Well it's a yes to my original statement but once I revised my statement it became a question that doesn't apply to what I'm saying.

That's ok. Everybody's merits are worth more now.

When it's financially worthwhile to do so, someone will get together the required processing power and buy off the proper authorities and make an honest attempt to steal segwit coins. Whether it succeeds or fails, it will be a big blow to the faith people have in the system (bitcoin in all its forms, authorities, moneyed people (us, even if simply by association)).

Is that a yes or no?

Lol, I'm a Lightning fan.... I'm talking about SIDECHAINS you fucking moron

Nope..this is as good as it gets for awhile from what I see. #dyor

Little exit pump before the daily close...maybe. Seems the algo's are getting smarter and moving opposite indicated market direction. Welcome to the Dungeon of Despair everyone..  Roach..turn off the lights when you leave.

same as yesterday.  breakout today / tomorrow?

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-29th-june-2018.html

Sorry, thanks for the merit but I deleted the post. The thread feels unpleasant when I get trolled but am taking the conversation seriously.

First ever burned merit. Odd

Today at 07:52:35 PM: 1 to fluidjax for (Deleted/Off-limits/Ignored)

Group identity is a powerful thing. What's important now is what to do going forward.

I didn't even know why it might be bad, I just had a funny feeling due to the lack of open discussion of its pros and cons. When only one side is being talked about, it's time to be careful.

I feel dumb. I've been a segwit cheerleader without knowing all the facts. I see now that some of it is tribalism, as you mentioned earlier.

Anyway, it's what we've got now, and I still support Bitcoin. I won't be keeping my cold storage coins in a segwit address though.

Welp. We know how high level money and power works. When it's financially worthwhile to do so, someone will get together the required processing power and buy off the proper authorities and make an honest attempt to steal segwit coins. Whether it succeeds or fails, it will be a big blow to the faith people have in the system (bitcoin in all its forms, authorities, moneyed people (us, even if simply by association)).

Just the first line in your post sold it for me. What in the actual fuck.

I'll give it a shot.

Ron says it's impossible https://www.quora.com/profile/Ron-Maimon
https://www.quora.com/What-progress-has-been-made-to-date-on-the-Yang%E2%80%93Mills-existence-and-mass-gap-problem
oh hey btw, shiny https://www.quantamagazine.org/physicists-discover-geometry-underlying-particle-physics-20130917/
next?

I don't follow you.... How do Segwit impairs detecting/blocking double spendings?

I'll give it a shot.

- Non-segwit transactions require 51% of the hashpower and a private key to steal. Segwit transactions just require 51% of the hashpower.
- This decreases the security of segwit transactions. However, we assume that it will be in the best interest of the miners to not steal Segwit coins. If one of the miners were to take all the segwit coins, we assume most other miner's wouldn't recognize the theft, and the thieved coins would be on a forked chain that would soon die.

The previous part is basically non-controversial. The rest is speculation and conjecture. Anonymint and some others, such as Mircea Popescu, are of the opinion that it's almost an inevitability the segwit coins will be stolen. Here is their reasoning, as I see it:

- Miners did not want the segwit soft fork. They went along with it just to prevent the UASF
- Bcash was essentially "plan a" to keep most transactions on the main bitcoin layer, so they can protect their fees.
- If bcash doesn't succeed (hint: it won't), plan B is a future fork that will remove segwit. In this case, miners will take all the coins.
 - Plan B seems unlikely, but:
 - As more and more Bitcoins pile into segwit addresses, there is an ever-increasing incentive for miners to steal these.
 - Technically it wouldn't even be theft, as segwit transactions are "anyone can spend". You don't need a private key, as mentioned earlier.
 - Even though the majority of users would be pissed, the super wealthy would support the non-segwit chain. To them, securing their wealth is the single most important thing, and the non-segwit chain offers higher security.
 - Mining is centralized, and even if it becomes more decentralized due to new ASIC manufacturers, etc. miners will operate as a cartel. At the end of the day, they all want to make as much money as possible.
 - As we head toward the future, mining rewards taper down to almost nothing. Miners need to increasingly rely on transaction fees. It would be in the best interest of miners to maximize these fees. Segwit cuts into these fees.

Well, if we're destined to spend another year together we ought to really try to make something of it this time around. Maybe we should try to solve some longstanding math problems. The Yang–Mills existence and mass gap seems straight-forward enough, and there's a prize.