midmagico

8 ms·

61.
by midmagico 10y ago
> Bitcoin's independence from the state requires the world superpowers are not able to control a majority of the hashrate. Too late. :-)
62.
by midmagico 10y ago
No, instead of came with a 4MB softfork, which is a strictly superior alternative, since for all the reasons they support extblocks, SegWit is completely superior.
63.
by midmagico 10y ago
> The "problem" being that instead of being a proof of actual work, shortcuts in the work were found. Nope, the problem is that covert ASICBoost mining has created a strong, valuable incentive for miners to oppose protocol up
64.
by midmagico 10y ago
> They are so desperate to have it This is completely false. In fact, they're quite honest about the fact they don't mind if it doesn't. Here's an example: https://www.reddit.com/r/Bitcoin/co
65.
by midmagico 10y ago
Just a few minor corrections, and some comments, if you'll permit me: > It doesn't explicitly allow larger blocks. It does, however, upgrade Bitcoin to allow side chains. SegWit itself as implemented is explicitly a blocksize i
66.
by midmagico 10y ago
> SegWit will allow more transactions to occur off chain On-chain, actually. :-)
67.
by midmagico 10y ago
> I might be underinformed but everything I've learned so far is that larger blocks and segwit aren't a dichotomy at all. You aren't underinformed. You are completely correct with this comment. SegWit isn't incompatib
68.
by midmagico 10y ago
Nobody wants to kill ASICBoost. Literally the only thing people think is a good idea, and the purpose of this post: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017... .. is to close off only the cov
69.
by midmagico 10y ago
Your arithmetic is off. Revenue doesn't increase. Costs decrease. Effectively the increase in profit is similar, though, to your result. Just for different reasons. Ignoring depreciation or hardware costs, the arithmetic is like this
70.
by midmagico 10y ago
The easiest way to detect who is telling the truth is to ask lots of questions and see who is making the most unusual and/or logically inconsistent (especially over time) claims. A lot of people are, in fact, keeping track, and can poi
71.
by midmagico 10y ago
> Former project lead Gavin Andresen (no longer associated with the project) is perhaps the most notable opponent. This is incorrect. Gavin Andresen supports SegWit. Your facts are incorrect: https://www.reddit.com/r&#x2F
72.
by midmagico 10y ago
> but somehow this paper doesn't propose anything else other than segwit Literally there's another solution that has nothing to do with Segwit. gmax himself proposed it to block off covert ASICBoost. Here's a link: https:
73.
by midmagico 10y ago
> Do the Blockstream people even speak out against the censorship on /r/bitcoin? Yes, gmax has, literally every time he is asked about it. His complaint is that r\btc as an organizational/policy difference is a worse plac
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by midmagico 10y ago
That is incorrect. Literally nobody expects blocksize to stay at 1MB permanently. If they did, SW wouldn't exist, since that is a blocksize increase to about 2MB.
75.
by midmagico 10y ago
Actually by the numbers, gmax posts almost more than anyone else in r\btc. So that's just incorrect. Neither does Blockstream "employ" the developers in a bitcoin-development capacity. The number of people it employs to deve
76.
by midmagico 11y ago
So the part where everyone else has already been DDOS'd for the last two or three months; the part where many people are being personally and viciously attacked, and the part where it's actually quite possible that someone who h
77.
by midmagico 13y ago
No it isn't.
78.
by midmagico 13y ago
Not concretely, and many of those early blocks are mis-attributed.
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by midmagico 13y ago
NO, that address is NOT Satoshi: http://bitcoin-otc.com/viewgpg.php?nick=I}ruid
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by midmagico 13y ago
It's done up in clean paper form. It's got the name of a major cryptography researcher on it. It has an abstract. Does this mean I can sit down and write a similar-form paper consisting of wild speculation about Shamir being finan
81.
by midmagico 13y ago
Professional jealousy of a system which has made its creator effectively a multi-millionaire? Yet another in a long string of hatchet-job troll papers done by pro cryptographers designed to elicit (or vent) an emotional response rather than