Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13647. (Read 26715131 times)

Crab-17 proceeds.

Yes. I already did upthread. Segwit was activated by redefining what was initially an anyonecanspend transaction into a Segwit transaction. A 51% attacker can revert to the old rules. This would make Segwit outputs anyonecanspend outputs. To the extent that a 51(plus)% miner can roll back the chain, the Segwit transactions formerly included in the now-orphaned blocks are now free transactions. Those free transactions that were Segwit are now (again, assuming a reversion to the previous consensus rules) anyonecanspend transactions. The value in the outputs of these anyonecanspend transactions are free to be gobbled up by the 51% miner by including them in a block, and claiming them to themselves.

This ability for a 51% miner to siphon up value is unique to Segwit. It is a novel attack enabled only by the security-impairing so-called 'soft fork' activation method that was employed by The SegWit Omnibus Changeset.

But this is all elementary. We've been over this dozens of times, since the so-called 'soft fork' activation methodology was first proposed. If this is new news, then you have not been participating in the widely-held discussions.

(Indeed, if this be new news, you may have isolated yourself within a core-dominated echo chamber)

Can you give me a scenario where a Segwit 51% attack actually allows the attacker to profit.

Meanwhile, Bitmain is launching it's brand new Antminer S11 miner.   Those into mining might be interested as it's a presale period atm with the first 1000 rigs going to be shipped on June 20-28.

This branch of the thread started with someone asking me to name some specific attack vectors which led to me being a Segwit skeptic. You don't seem to think they are significant. I think they may very well be fatal at some future date. Now we understand each other.
Peace out.

Speaking of relevance little bear..


Is this really about bitcoin and bitcoin cash fighting it out? or is this about a community that stands together against the status quo of fiat and centralized banking? Seems to me there is much effort wasted in this dialogue worrying about "future problems" when we are surrounded on all sides.

-edited-

Might have some relevance.

The one time I went to a steakhouse in Toronto, I took a girl (before we went to the Queen/Billy Squier concert), and the maître D' looked at us and said (after looking down at my running shoes) "This is a dining room you know!" to which I replied "Yes, I know."  In hindsight, I wish he had said, "You really can't afford this, my friend", because I had to spend my souvenir t-shirt money on dinner.  It was a good steak but the bill and tip was nearly two weeks rent money - I ate a lot of peanut butter sandwiches over the next couple of weeks.

I think it would be cool to meet some of the faces behind the names.

(quotes snipped and cherry-picked for manipulation) /s

...
I would have liked to include some quote with "nutjob" or "ratt's ass". Maybe next time. You still get the picture  

now trying to pervert the concept of fungibility.

Just because a coin is being used in a specific way that does not make such coin more or less fungible than if such coin is used in another way.

Sure some BIG BLOCKER nutjobs are going to continue to exaggerate negative speculation, like you seem to be doing, and to spread disinformation about supposed catastrophes of lightning network in order to pump their stupid-ass and largely non-substantiated negative talking points.

What a joke of a quote.  The Jews always attempt to form a state within a state of their host nation (5th column) and enslave the native inhabitants through usury.  This is why the Jews have been kicked out of every single country they've ever attempted to infilitrate.  

They're not like Italian, Irish, Asian, or any other type of immigrant.  Their goal is not to integrate, it's an evil cult whose imaginary, made up beliefs claim it's their divine right to rule over and enslave all other humans. Allowing Jews in is the same thing as allowing termites to walk into your house on purpose.  They must always be expelled from wherever they attempt to infest.  For the same reason you do not invite the Charles Manson cult into your house, you do not allow the evil Jewish cult in either.

The scumbag Jew in your quote is pulling the typical Jew lie claiming it's IMPOSSIBLE for Jews ever to be in the wrong and if anyone ever does or says anything against them, the Jew is always the victim and it's never possible the Jews is just receiving blowback for his heinous crimes.  There's no such thing as a Jewish "man".  They do not act like men whatsoever.  They all pull this wretched, extremely female-like 'woe is me, I'm a SJW victim' scam while always being the aggresor against everyone else.

Besides, even if you are a religious nutjob who follows everything from scripture, then if Jesus was legit, that makes Christians the real Jews, and these evil Ashkenazi cult members claiming to be Jews but not the anti-christ. That's why they're referred to as "the synagogue of satan" in religious texts.  It would make sense from a religious point of view since many Satanists and feminists claim Satan is actually a woman representing matriarchy and the Jew displays nothing but the worst of female traits (being weak, pathetic, lying, manipulative) with disdain for anything resembling patriarchy.