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Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each pu

by zelly 7y ago

Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently: https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6zPDpa4RU https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...

thaumasiotes 7y ago
Is there some kind of binary backing https://blocksteam.info https://blocksteam.info? Information doesn't just appear on the internet.
- zelly 7y ago
  Bitcoin is not one of the scams with no working software I was talking about. The information comes from a leveldb database you can download from peers after installing this client: https://github.com/bitcoin/bitcoin https://github.com/bitcoin/bitcoin
  - thaumasiotes 7y ago
    > Bitcoin is not one of the scams with no working software I was talking about. OK, why'd you use this example as your entire response to "how do people know who has how many coins, for a coin which has reportedly never shipped a working binary"? Can you answer the original question instead of linking an unrelated bitcoin topic?
  - zelly 7y ago
    > "how do people know who has how many coins, for a coin which has reportedly never shipped a working binary"? They have a MySQL type database that stores IOUs for the people who bought the ICO tokens. They promise to deliver the actual coins once they finish the software, which in many cases has never happened. Others are less egregious than this and have working binaries on a testnet--the future main network is promised to deliver the actual functionality. There are a few coins (Cardano, EOS) worth multiple billions that don't have a mainnet or a working wallet.
    - jki275 7y ago
      Cardano certainly has both a working mainnet and a working wallet, and has for a couple of years. They are also running a testnet for their staking capability, which will promote to the main net eventually -- but claiming they're not running a live net and don't have a wallet is absolutely incorrect.
    - Canada 7y ago
      EOS mainnet launched in 2018 and it certainly has wallets. As far as I can tell it does what they said it would do.
v64 7y ago
> Hal Finney (the creator of Bitcoin) To be clear, this isn't definitive, as he is one of many individuals suspected to be Satoshi Nakamoto.
- RL_Quine 7y ago
  Really speculating people are some anonymous person that doesn't want to be identified is at best, rude, otherwise dangerous. Don't make assertions you can't prove, despite the man being dead.
- EthanHeilman 7y ago
  I think it is fair to say he is "a" creator of Bitcoin given all the early work he did to make the project a success but there is no evidence that he is the inventor of Bitcoin, Satoshi Nakamoto. As an unrelated side note it is worth reading his post from 2009 when we talks about having ALS: https://www.lesswrong.com/posts/bshZiaLefDejvPKuS/dying-outside https://www.lesswrong.com/posts/bshZiaLefDejvPKuS/dying-outs... I have a memory of discovering this essay on hn, but I can no longer find the discussion. Maybe I remembered it wrong. Edit: I found it https://news.ycombinator.com/item?id=867623 https://news.ycombinator.com/item?id=867623
chabes 7y ago
> Hal Finney (the creator of Bitcoin) Uhh, source??
johnkarahalis 7y ago
Small correction. Although many people think that Hal Finney could have been the creator of Bitcoin, the matter is far from settled. He even denied it himself before he passed.

by zelly 7y ago

thaumasiotes 7y ago

Is there some kind of binary backing https://blocksteam.info https://blocksteam.info? Information doesn't just appear on the internet.

zelly 7y ago
Bitcoin is not one of the scams with no working software I was talking about. The information comes from a leveldb database you can download from peers after installing this client: https://github.com/bitcoin/bitcoin https://github.com/bitcoin/bitcoin
- thaumasiotes 7y ago
  > Bitcoin is not one of the scams with no working software I was talking about. OK, why'd you use this example as your entire response to "how do people know who has how many coins, for a coin which has reportedly never shipped a working binary"? Can you answer the original question instead of linking an unrelated bitcoin topic?
- zelly 7y ago
  > "how do people know who has how many coins, for a coin which has reportedly never shipped a working binary"? They have a MySQL type database that stores IOUs for the people who bought the ICO tokens. They promise to deliver the actual coins once they finish the software, which in many cases has never happened. Others are less egregious than this and have working binaries on a testnet--the future main network is promised to deliver the actual functionality. There are a few coins (Cardano, EOS) worth multiple billions that don't have a mainnet or a working wallet.
  - jki275 7y ago
    Cardano certainly has both a working mainnet and a working wallet, and has for a couple of years. They are also running a testnet for their staking capability, which will promote to the main net eventually -- but claiming they're not running a live net and don't have a wallet is absolutely incorrect.
  - Canada 7y ago
    EOS mainnet launched in 2018 and it certainly has wallets. As far as I can tell it does what they said it would do.

v64 7y ago

> Hal Finney (the creator of Bitcoin) To be clear, this isn't definitive, as he is one of many individuals suspected to be Satoshi Nakamoto.

RL_Quine 7y ago
Really speculating people are some anonymous person that doesn't want to be identified is at best, rude, otherwise dangerous. Don't make assertions you can't prove, despite the man being dead.
EthanHeilman 7y ago
I think it is fair to say he is "a" creator of Bitcoin given all the early work he did to make the project a success but there is no evidence that he is the inventor of Bitcoin, Satoshi Nakamoto. As an unrelated side note it is worth reading his post from 2009 when we talks about having ALS: https://www.lesswrong.com/posts/bshZiaLefDejvPKuS/dying-outside https://www.lesswrong.com/posts/bshZiaLefDejvPKuS/dying-outs... I have a memory of discovering this essay on hn, but I can no longer find the discussion. Maybe I remembered it wrong. Edit: I found it https://news.ycombinator.com/item?id=867623 https://news.ycombinator.com/item?id=867623

chabes 7y ago

> Hal Finney (the creator of Bitcoin) Uhh, source??

johnkarahalis 7y ago

Small correction. Although many people think that Hal Finney could have been the creator of Bitcoin, the matter is far from settled. He even denied it himself before he passed.