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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14502. (Read 26608252 times)

full member
Activity: 417
Merit: 220
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Can we go back to arguing about child support?  
legendary
Activity: 2268
Merit: 1278
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree.

Bitcoin White paper, first paragraph, Abstract:

Quote
Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

Source: https://bitcoin.org/bitcoin.pdf

I don't get how can you disagree with the definition?
First of all, I don't read the white paper as gospel.  But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network,  they'll  generate the  longest  chain  and  outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.

Edit from above:
Section 4. is even more explicit:
Quote
The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is.

It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is.
I would bet that the majority of Core devs disagree with your definition, as would most users if push came to shove (if miners went a different direction from user needs) but hey, I'll try not to derail the thread for 2 nights in a row, so I'll quit this discussion.
It doesn't matter who disagrees. The inventor defines what his creation is. If other people change it, then it is something else.
legendary
Activity: 2268
Merit: 1278
This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.
That is what proof of work means. The amount of processing power put into it.
full member
Activity: 417
Merit: 220
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree.

Bitcoin White paper, first paragraph, Abstract:

Quote
Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

Source: https://bitcoin.org/bitcoin.pdf

I don't get how can you disagree with the definition?
First of all, I don't read the white paper as gospel.  But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network,  they'll  generate the  longest  chain  and  outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.

Edit from above:
Section 4. is even more explicit:
Quote
The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is.

It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is.
I would bet that the majority of Core devs disagree with your definition, as would most users if push came to shove (if miners went a different direction from user needs) but hey, I'll try not to derail the thread for 2 nights in a row, so I'll quit this discussion.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.
legendary
Activity: 1974
Merit: 1077
Honey badger just does not care
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree.

Bitcoin White paper, first paragraph, Abstract:

Quote
Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

Source: https://bitcoin.org/bitcoin.pdf

I don't get how can you disagree with the definition?
First of all, I don't read the white paper as gospel.  But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network,  they'll  generate the  longest  chain  and  outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.

Edit from above:
Section 4. is even more explicit:
Quote
The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is.

It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is.
full member
Activity: 417
Merit: 220
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree.

Bitcoin White paper, first paragraph, Abstract:

Quote
Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

Source: https://bitcoin.org/bitcoin.pdf

I don't get how can you disagree with the definition?
First of all, I don't read the white paper as gospel.  But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network,  they'll  generate the  longest  chain  and  outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.
legendary
Activity: 1974
Merit: 1077
Honey badger just does not care
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree.

Bitcoin White paper, first paragraph, Abstract:

Quote
Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

Source: https://bitcoin.org/bitcoin.pdf

I don't get how can you disagree with the definition?

Edit: Section 4. is even more explicit:
Quote
The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is.
legendary
Activity: 2268
Merit: 1278
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree. It is the longest valid chain.  What is valid is up to the collective of users, and different users can have different preferences. Luckily, there is a clear leader in terms of number of users and market cap. However, if bitcoin (core) and bitcoin cash had an equal amount of supporters, we might have a hard time determining which one would be named bitcoin.
The one that supports pre-fork coins. This is not difficult.
full member
Activity: 417
Merit: 220
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree. It is the longest valid chain.  What is valid is up to the collective of users, and different users can have different preferences. Luckily, there is a clear leader in terms of number of users and market cap. However, if bitcoin (core) and bitcoin cash had an equal amount of supporters, we might have a hard time determining which one would be named bitcoin.
legendary
Activity: 1974
Merit: 1077
Honey badger just does not care
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW. Any defense of Ver's scamming attempt with the site that carries Bitcoin + ".com" in the URL to confuse the newbies in mixing up BTC and BCash is just insulting the intelligence of everyone here. You may pretend it's not obvious scam to you, but nobody believes you. Your posts show enough intelligence that you can not be that naive, you are either trolling or have some agenda with Roger, both very irritating. Don't turn yourself into a laughing stock light that silver fetishists whom no one believes he has no agenda, but spreads metal propaganda here out of his true love for our well being.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Bitcoin is up 4.5% today
GBTC is down 4.72% today, shrinking that premium (by 10% in one day).

Interesting.

Any recent ETF news perhaps?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Elwar:  can you create colored coins or ERC-20 style tokens?

Colored coins might be possible but a smart contract would still be required. I wouldn't use an ethereum token because I don't want to go down that path and confuse users with ethereums.


Great.  Let me explain myself.  Global equity markets are going to slowly transition onto public blockchains.  It’s going to start this year.  We need to be able to offer equity instruments (eg shares) on Bitcoin or a side chain or second layer. If we don’t, another public blockchain will fill the hole.

The Gibraltar Stock Exchange will probably be the first to offer regulated securities on a public blockchain. Others will follow quickly.  Eventually LSE, NYSE etc will see the writing on the wall.
member
Activity: 96
Merit: 14
[19:12:24] · https://arxiv.org/abs/1802.06038 << "on a subset of 3,759 contracts which we sampled for concrete validation and manual analysis, we reproduce real exploits at a true positive rate of 89%, yielding exploits for 3,686 contracts"
[19:20:00] · I'm sure with time they can get that number closer to 100% (http://btcbase.org/log/2018-02-19#1785157)

If someday Bitcoin does another 10x I will "retire" and devote all my time to exploit research on blockchain/smart contracts field. That's when I will start to have real fun.

Someone got to teach the shitcoiners why "ol' stupid bitcorn" isn't turing complete. Pain is a great way to learn Grin (makes the lessions stick)

Turing complete is ok.... on SIDECHAINS. Main layer has to be simple and secure.

Exactly.

edit: Someone knows when rootstock is supposed to go live / be widely available?
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
[19:12:24] · https://arxiv.org/abs/1802.06038 << "on a subset of 3,759 contracts which we sampled for concrete validation and manual analysis, we reproduce real exploits at a true positive rate of 89%, yielding exploits for 3,686 contracts"
[19:20:00] · I'm sure with time they can get that number closer to 100% (http://btcbase.org/log/2018-02-19#1785157)

If someday Bitcoin does another 10x I will "retire" and devote all my time to exploit research on blockchain/smart contracts field. That's when I will start to have real fun.

Someone got to teach the shitcoiners why "ol' stupid bitcorn" isn't turing complete. Pain is a great way to learn Grin (makes the lessions stick)

Turing complete is ok.... on SIDECHAINS. Main layer has to be simple and secure.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
[19:12:24] · https://arxiv.org/abs/1802.06038 << "on a subset of 3,759 contracts which we sampled for concrete validation and manual analysis, we reproduce real exploits at a true positive rate of 89%, yielding exploits for 3,686 contracts"
[19:20:00] · I'm sure with time they can get that number closer to 100% (http://btcbase.org/log/2018-02-19#1785157)

If When later this year, someday Bitcoin does another 10x I will "retire" and devote all my time to exploit research on blockchain/smart contracts field. That's when I will start to have real fun.
Looking forward to your research in 2019.

haha, I wish. I know it is perfectly possible that we do have another 10x in 2018 but.... something makes me hard to believe I will be so lucky. Wouldnt even care to wait a few more years for that. Not even if that means 10 years.

ANyway, whenever that happens you have my word you will see some exploits on my name (responsible disclosure ofc).
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Elwar:  can you create colored coins or ERC-20 style tokens?

Colored coins might be possible but a smart contract would still be required. I wouldn't use an ethereum token because I don't want to go down that path and confuse users with ethereums.
legendary
Activity: 1834
Merit: 4197
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