All posts made by TheFlynn49 in Bitcointalk.org's Wall Observer thread
1.
Post 23861002 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.24h):
bitcoin bubble will pop soon
and you guys will regret to not having buying altcoins
Which bubble will pop first ? bitcoin or dollar ? The recent birth of the petro-yuan tend to indicate the dollar will collapse first.
2.
Post 23972335 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
OMFG ! WillyBot is back ?!?
3.
Post 23996452 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
My take on these different fork coins is as follows: Although 2 MB blocks is not bad, BCH is dysfunctional and since it does not work properly, it's useless.
BTG really has no future, the idea of going back to using GPU:s for mining is a nice idea and full of bitcoin nostalgia. But there is already a bunch of coins that you can mine using your GPU, and BTG has no upside in relation to those coins.
SW2X on the other hand has both big blocks and Seg Wit, and that is in my opinion better than BTC:s SW1X. However, their attempt to kidnap the bitcoin name with a hardfork with no replay protection and their poor dev team makes the majority of users dislike them. That and the fact that people because of the high BTC price likes status quo will probably make them fail.
Very well said, Sir.
4.
Post 24035276 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Ok, here's the next cool alt:
Grumpy old bitcoin man has full bags!
I am very afraid to ask what precisely is the Proof-of-Work of that alt ? !
5.
Post 24046613 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Hmm, seems to me that exchanges in Yuan increased since their interdiction ...
making sense I guess.
6.
Post 24078794 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Meanwhile ...
It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?
https://coin.dance/blocks
7.
Post 24079979 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Meanwhile ...
It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?
https://coin.dance/blocksSlush Pool allows its miners to designate what signal they want when they happen to get the block. The vast majority of Slush blocks do not signal for NYA.
https://blockchair.com/bitcoin/blocks?q=guessed_miner(SlushPool)
Let's hope that this reflects the actual sentiment of independent miners. That may be a stretch though since Slush himself is not exactly thrilled with S2X, so his pool probably attracts a larger portion of miners with the same sentiment. Furthermore, I am sure the default setting is probably no NYA signal.
thanx for the explanation, I feel less silly now
8.
Post 24124605 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
9.
Post 24125427 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
I... Don't really see the point of your article...
That's just a random guy saying btc is the future global currency right? No shit Sherlock xD
That's more or less why btc was created, global and decentralized.
But that doesn't change the fact that this fucking prize raise has a bit of a bubble too. I see people knowing nothing about coins talking about it now. You hear random persons in the subway talking about BTC and how the price is incredible and how they're going to invest in it and how it's the future...
Not that I don't like it but there is a huge FOMO here I bet. A correction is going to hit hard.
(Well of course that can be a correction that take the price back to 15k after it hit 20k, which would be an incredible correction buuuuuuuuuut I wouldn't care ^^)
Err, yes, ok. I was just trying to get away from cars and closer to speculation for a little while with a bitcoin-optimist article.
10.
Post 24139337 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
looks like Bitcoin core is draining all the money out before segwit2x ... <sarc/>
11.
Post 24164826 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
That Bitconnect thing gets weirder and weirder :S
I understand it's kind of a Ponzi scheme, right ?
12.
Post 24165199 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
signaling has already dropped below 80% and as we know signaling means nothing anyway. I think more plausible than your listed possibilities is the chance that miners simply balk at mining the new fork when they see the price is UNDERPERFORMING futures.
Well, do the miners even have segwit2x software that they can actually run? rather than merely signaling intention?
Maybe I am not technically savvy enough, yet I am thinking that they have to run the different (segwit2x) software in order to mine on the segwit2x chain, correct? Has such software been tested and deployed and do they know it will work? Or do they merely run the same software and change some kind of setting in order to switch which fork they are mining?
If the miner's software has been build with the same expertise that has been demonstrated on github/btc1, it's gonna be a bumpy ride, to say the least.
13.
Post 24166087 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
That Bitconnect thing gets weirder and weirder :S
I understand it's kind of a Ponzi scheme, right ?
You send them bitcoins, they give you "Bitconnect coins" which you can then "loan out" and get "interest".
Basically, you send your bitcoins and get fake coins in interest payments.
And when is this thing supposed to blow up ?
14.
Post 24191259 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Yeah, I get it. Whether the stated preference is honored in the end is an unknown. I'm just pointing out that it takes a special type of myopia to be unable to see the most prevalent and the only non Sybil-able indication of preference.
This works both ways btw. If some player change its mind and finally mine 2X despite what it announced,
1X could be in trouble.
15.
Post 24193002 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Core's last node update to Satoshi:0.15.0.1 will reject all 2x mined blocks. Worst thing will happen is slow blocks and higher fees temporary. While the non-tech users having a chance losing there money because of missing out of replay protection.
ok. But miners could play tricks and mine 1X again a few hours before the next difficulty switch, thus keeping the difficulty high artificially. Honestly I don't panic about that, I trust the 1X devs to do whatever has to be done if it's getting ugly.
Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff.
lol
16.
Post 24198763 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Errr.. Speaking about rules, what about starting by implementing a good replay-protection procedure ?
edit: my bad, the guy was speaking about futures, not the coin itself. I guess he can put all the rules he wants on his crappy derivatives.
17.
Post 24199636 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
What is a transaction replay?
In the context of forks, transaction replay is when a transaction is valid on both sides of the fork. So a transaction can be played (i.e. broadcast) on both chains after the fork and be a valid transaction and confirm. This means that if you intend on sending coins on one fork, you could accidentally end up sending your coins on the other fork as well since someone else could take your transaction and replay it (i.e. broadcast it) on the other chain's network.
What does replay protection do?
Replay protection is something that makes it so that transactions on one chain are invalid on the other chain thus preventing transaction replay. This can be anything from having a blacklisted address or output type (e.g. if an output to address X is in the transaction, consider it invalid) to changing the signature scheme to changing the transaction format entirely. All this does it makes replaying some or all transactions impossible.
https://bitcoin.stackexchange.com/questions/61212/what-is-transaction-replay-and-replay-protectionhttps://bitcoinmagazine.com/articles/segwit2x-and-case-strong-replay-protection-and-why-its-controversial/Thank you very much
You may want to check this :
https://bitcointechtalk.com/how-to-protect-against-replay-attacks-7a00bd2fe52f
18.
Post 24218237 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
19.
Post 24250194 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.25h):
Wow, big blockers got a big dose of butthurt today.. lol
Lets see how the markets react now, but releasing this announcement few days before the fork smells weird...
A few days _after_ would have been weirder
20.
Post 24251792 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
Nevertheless, I'll join the party when the number of btc1 nodes decrease significantly.
And also when the Segwit2x flag go away from the mined blocks. Just being cautious.
21.
Post 24254816 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
ViaBTC has turned it's Segwit2X flag off, has it not ?
493670 7 minutes ago 0x20000000 ViaBTC f/ViaBTC/Bitcoin Cash/,mm"Œy3jHp m@~/^&zeҁ No No 1,053.97 3,993.21
493668 28 minutes ago 0x20000000 ViaBTC d/ViaBTC/Bitcoin Cash/,mmcaI-+:7w]vU~<, No No 1,047.23 3,993.17
22.
Post 24255080 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
^good point, who's still signalling?
BTCC, AntPool Bixin BTC.top GBMiners BitClub still signal it.
23.
Post 24255577 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
Quantum will kill all hash functions. the thing is we are still > 10 years from home quantum. Currently, it only works in the lab near absolute 0
edit: I a word
I just thought ... If quantum computing represents a potential problem, can it also be a possible solution to scaling problems?
not "10 years from home quantum" but "10 years from quantum being a treat for bitcoin"
and we all know how accurate are 10-years predictions. If you tried to program a quantum computer only once, you know it's never gonna happen.
24.
Post 24276120 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
Does this mean eventually that McAffe will do on TV what he said he'd do on TV ?
25.
Post 24329608 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
Antpool stopped signalling segwit2x.
still 941 btc1 nodes on the net.
I am watching this like milk on the fire, just in case someone get a funny idea next week.
26.
Post 24333496 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
BTC.top stopped signalling segwit2x an hour ago.
still 942 btc1 nodes alive on the network.
27.
Post 24344676 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
what's happening on BCH looks unnatural to say the least ...
28.
Post 24351082 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
When can I split my stash in to BTG? looking good to dump it about now
BTG launches on sunday 12th.
Going public during week-end, ... sounds pro.
29.
Post 24389594 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
...
The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.
Changing POW, that's like using a nuclear weapon in bitcoinland, right?
30.
Post 24392148 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
31.
Post 24446353 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
then logically what coin is next to be pumped
This made my day =>
"The five stages, denial, anger, bargaining, depression and acceptance are a part of the framework that makes up our learning to live with the one we lost. They are tools to help us frame and identify what we may be feeling. I believe you're in the anger stage."
"Wrong. There are two stages. First they pump, then they ... Well here"
32.
Post 24447273 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
That escalated quickly.
33.
Post 24466250 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
If you don't think 70% of the hashpower moving from bitcoin to an altcoin is a problem, I don't know what else to say.
Of course it is. And it's all part of the big block hijack plan.
It can't be stopped unless BCH becomes worthless to mine. We'll have to wait and see with that.
Miners are not our friends and they're not supposed to be, though it certainly has been taken a little further than I ever expected.
Why do you people think that is a problem ? Bitcoin was working fine with 1/1000 of this hashrate not very long ago ...
34.
Post 24476376 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
gravity has to/is clearly works near instantly through the galaxy, otherwise it would fall apart.
Recent reception of gravitation waves simultaneously to light signals from a distant galaxy's dramatic dwarf stars collapsing one into another prove that wrong.
And quantum entanglement cannot be used to send information.
35.
Post 24477289 (copy this link) (by TheFlynn49) (scraped on 2020-04-04_Sat_15.26h):
By definition, quantum entanglement IS information exchange in zero time regardless of distance. Changing the state of 'A' instantly changes the state of 'B', and any binary state system can be used for information exchange.
On gravity waves:
https://www.youtube.com/watch?v=SFJjrD5pq_IIf you really are interested, you should check out alternate explanations as well.
Standard physics explanation on gravity is a logical fallacy resulting from circular argument:
Mass of particles generates a gravity field in the 3d spatial space (whatever that is, it is undefined in material terms), and particles have mass because the gravity field of other particles "pulls" on them in the 3d spatial space.
It is a circular argument, a closed loophole of thought. Does not explain the origin of mass in matter (no, Higgs-bozons are a hoax, which assumes the 3d spatial space has magical abilities, non measurable ofc).
Of course I disagree, but we are in the wrong forum for this. If you're are looking for some credible faster-than-light information transport schemes, I suggest you check the work of Guenter Nimtz with the tunnel effect ... for example
http://startrek.ehabich.info/ftl.htm
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