The below is an off-site archive of all tweets posted by @lopp ever

February 24th, 2014

I’d like to say R.I.P. MTGOX, but it has this pesky history of coming back from the dead…

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@pmccall777 Some of them are probably just naive, though some of them may be hopeful because exchange bailouts have happened before.

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@binarybits Seems to be a simple press releast about trust.

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@binarybits They actually removed the word “insolvent.” But sure, people have been speculating that for some time.

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@pmccall777 Ha, you mean… Gox? A single exchange?

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@twobitidiot how about this: never post again until you come to us with proof.

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@BenDoernberg @twobitidiot “A leak in the hot wallet” makes no sense as an explanation.

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@twobitidiot Oh come on, now. You’re seriously telling people to dump their coins based upon an unverified report?

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@PierreCPA @Bitstein @DanielKrawisz @CathyReisenwitz Ahhhhhh. Well, I think you can tell from my profile background that we won’t get along.

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@PierreCPA @Bitstein @DanielKrawisz @CathyReisenwitz Wow, you must not hang out on the Internet very much. It’s Internet slang.

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@Bitstein @PierreCPA @DanielKrawisz @CathyReisenwitz You guys sure enjoy circlejerking each other. I have plenty of skin in this game.

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@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein You: Bitcoin is best thing ever and forever. Me: Bitcoin is best thing ever… for now.

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@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein Yes, you can make predictions. I’m saying that you’re stating predictions as fact.

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@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein I hope that you are correct, but the fact remains that no one can predict the future.

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@PierreCPA @DanielKrawisz @CathyReisenwitz @Bitstein You can’t possibly account for unknown unknowns.

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@DrRoyMurphy You lost me. Are the contributors who mine pre-public release mining a test blockchain?

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@aantonop So they say, but I haven’t seen any chatter or progress made on floating fees in months…

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@aantonop @RedditBitcoin Bah. I thought this was going to be floating fees finally making it in. This is but a bandaid centralized solution.

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@DrRoyMurphy And trust me, you don’t want to be known as a premine coin because that’s the quickest way to get shunned by the community.

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@DrRoyMurphy Looked at your kickstarter and it worries me that you’re selling slots for mining. This will get you labeled as a premine coin.

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@LittleShibe Yep, “unintended consequences” == “problems”

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1) Solve a problem with regulations / laws
2) Discover unintended consequences
3) GOTO 1

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@DanielKrawisz @CathyReisenwitz @Bitstein Could be tomorrow, could be decades from now. All it takes is some nerd hacking away in a basement

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@CathyReisenwitz @DanielKrawisz @Bitstein Current alt-coins not being innovative enough to gain adoption is not proof that Bitcoin is safe.

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@CathyReisenwitz @DanielKrawisz @Bitstein’s linked article is correct but for aspects of current alt-coins. Can’t predict future innovation.

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@etploshay @CathyReisenwitz @BitcoinMagazine But we need innovation. Successful alt-coin innovation will be merged into Bitcoin if possible.

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@etploshay @CathyReisenwitz @BitcoinMagazine I see them as competition, but most altcoins are insubstantially innovative. Most will die.

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@emilepetrone @lukejduncan Likely, but that’s a huge oversimplification since BTC miners also secure the integrity of the entire network.

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@lukejduncan @emilepetrone Interesting that Bitcoin’s energy usage is never compared to that of the existing financial system, no? :-P

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@lukejduncan @emilepetrone It’s not an algorithm that promotes “inefficiency,” it’s an algorithm that promotes “computational strength.” :-)

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@binarybits It may simply be to the influx of non-gox traders buying goxcoins because they’re willing to make that bet.

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@twobitidiot You’d think that The Economist would understand that market cap != all the value put into the system.

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aantonop My second article on bitcoin trust and security is published

Bitcoin: An Anti-Fragile Network

programming.oreilly.com/2014/02/bitcoi…

via TweetDeck (retweeted on 10:53 AM, Feb 24th, 2014 via web)

@emilepetrone Gets even more complex b/c the network self-adjusts the mining difficulty as more computational power comes online.

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@emilepetrone Though note that # of people mining / machines mining is not = N. Pooled mining makes N a much lower number.

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@emilepetrone N = number of miners? Yes, because they are all starting a massive new parallelized race every block (~10 min)

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@DaangMel I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

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@curtofranklin I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

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@sriportfolio The exchange rate of Bitcoin is determined by the free market on various exchange services that operate 24/7.

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@billbren I would start here: medium.com/p/73b4257ac833 - I have more resources listed on my site at sites.google.com/site/bitcoinsi…

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@RichardPPhilbin Mt Gox is not a real exchange at the moment because it does not allow withdrawals. Steer clear of Mt Gox.

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@DrRoyMurphy Whoa. 10 second blocks? Doesn’t that cause issues due to tx propagation time?

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@mysizelindsey1 ermegerd this show is starting to piss me off. People who survived a zombie apocalypse wouldn’t be making noob mistakes.

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