@jbeardsley @jefft I just got a Cyber Monday deal email at 8 PM - looks like @FamousSmokeShop has a crappy ESP…
“The Future of Blockchain Technology” panel with @ajbeal, @shannonNullCode, and myself at @Cryptolina https://t.co/VGRQtpQ51r
An alternative perspective:
Replace By Fee is opt-in for attackers.
Replace By Fee is opt-out for victims.
Wanted: smart contracts for appointment timeliness. Penalize the counterparty for every TIME_UNIT they are late in fulfilling an obligation.
@kristovatlas Sure, but we have this “fee market” where when someone gets outbid, they are prevented from updating their bid. It’s lopsided.
@kristovatlas *shrugs* It’s a fundamental problem of not being able to predict the future. You could also argue CPFP could fix it.
@kristovatlas Yeah, when there are demand surges for block space. Core’s fee estimator lags since it uses past day or so of trailing data.
@ciscoguru @21 It’s hard to predict specifics because this is a platform for building a new type of market. https://t.co/ernwMpSdl8
@khannib Right, right. Interesting - so far it’s a fair amount higher than I expected.
@ciscoguru I forsee mass adoption of @21 chips occurring when they are embedded in devices that natively use BTC; buyers may be oblivious.
@ciscoguru @21 Devs should be buying bitcoin computers to access the micropayment network rather than for the mining aspects.
@khannib Nice, so that’s # txs with an input w/sequence != UINT_MAX? I’d phrase it as “Transactions Opting In to RBF”
@ciscoguru @21 Pretty sure large miners have to sell most of their coins to pay for operating expenses anyway.
@ciscoguru @21 Mining decentralization is more about preventing 51% attacks than about the distribution of the coins.
Visualization of the sigOps attack yesterday that caused “full” blocks that were not full: https://t.co/2uX6euD6Mx
https://t.co/ydONKLsdZY
@ciscoguru In general, anyone whose business relies upon supporting higher number of users and transaction volume has a vested interest.
@ciscoguru I’m not so sure that exchanges have /as/ much of an interest especially with the Liquid sidechain being released soon.
@ciscoguru Mining centralization is certainly a justifiable fear, which is why I hope @21 succeeds in decentralizing mining again.
Point being, anyone who deals with unconfirmed transactions at the moment needs to take action to flag RBF-capable txs and act accordingly.
As it stands, anyone sending a tx can “opt-in” to RBF by setting the sequence field on inputs to be < UINT_MAX. But receivers have to check.
“Opt-In” Replace By Fee won’t be truly opt-in (agreed upon by both parties) until wallet software & payment processors update their logic.
@khannib Would it be hard to add stats of transactions opting in to replace-by-fee (inputs with sequence != 4294967295) to your site?
@kristovatlas They both appear to be problems to me, though the former exacerbates the latter.
.@Bitstamp announces that they will support BIP101 as of December. https://t.co/O5HL2BUb0q
A new milestone: more than 10% of all bitcoins are now encumbered by P2SH! https://t.co/xm9r8QubWB https://t.co/vOQVJ8wWuL
Looking forward to attending @ScalingBitcoin with @bencxr on behalf of @BitGo next weekend; let’s make this an historic event!
RT @kristovatlas: A critical view on RBF and opposition to 0conf transactions by @ChrisPacia https://t.co/CDqNkwXDes
siothamh Driven in Oakland in the last few years? Guess what: there’s a public record of where you’ve been. Unbelievable. data.oaklandnet.com/browse?q=alpr
@jonoringer @balajis … thus completing the circle. hashcash.org /cc @adam3us
In a world of commercialized sovereignty individuals will shop for jurisdictions unencumbered by geography of birth. https://t.co/oICj5OU78k
@masonic_tweets Every citizen is a criminal, it’s just a matter of targeting the easiest laws to enforce. Next up: jaywalking & loitering?
Proof of Freeze: create a Bitcoin transaction with outputs encumbered by OP_CHECKLOCKTIMEVERIFY & nLockTime=499999999 (~March 13, 11515AD)
Well paid workers whose industry is disrupted have more to lose and have greater means with which to enact violence. pic.twitter.com/He6X7tNRtp
@kristovatlas I’d expect a successful @21 end game to result in chips in millions of devices that are not sold as “Bitcoin Computers.”
Bitcoin is to Banks not as Uber is to Taxis, but as Internet is to Newspapers.
RT @masonic_tweets: Unboxing of the world’s first #BitcoinComputer | My thoughts https://t.co/NlnqFItvP3 @21dotco
The dollar has been devalued so much that this restaurant is using it as wallpaper! pic.twitter.com/cUjOfp2cwW
desantis The world’s first self monetizing part-of-speech tagger: DONE! On to the next @21 project! github.com/desantis/21-pos pic.twitter.com/MvPL7Zm78g
SpaceX moves forward with its Hyperloop prototype - building a 1-mile long 99.8% vacuum tube by summer 2016. https://t.co/xbk7sxse55
riprowan .@lopp exactly. Also network-connected cars can be aware of each other and safely interact at higher speeds than human-driven cars
In the age of autonomous vehicles, govt speed limits will be obsolete. Software is superior at regulating speed for current conditions.
@hblodget @pmarca The Internet bubble is back, but this time it’s decentralized into thousands of tiny bubbles. It’s unstoppable!
Globetrotters could use an Internet for physical mail. With a global network & protocol, mail could be routed to current location on the fly
There are 3 parties in crypto:
1) Alice(s)
2) Bob(s)
3) Adversaries
It’s impossible to create backdoors for “good guys” - they don’t exist.
@21dotco @Corentone On the Full Node tutorial https://t.co/owbQ3Z32xv I’d recommend adding “txindex=1” to the conf https://t.co/3N7iLz6bCS
@WarrenWhitlock @ErikaForPres The new cryptography-based financial infrastructure that we’re building, yes :)
@ErikaForPres @WarrenWhitlock For now I’m trying to add value to the ecosystem by making it easier for people to secure crypto assets.
@ErikaForPres @WarrenWhitlock the majority of my liquid assets are crypto based; high risk but hopefully high reward https://t.co/uemffo1Dhp
@MadBitcoins Pray that they don’t alter it further.
@pig_poetry I think I need to give about 5 pints.
@jefft @mikestable wat todoy.us
@MrChrisEllis How much storage does that include?
@_cingraham @abbydactyl They’ll never get my bitcoins.
@mikestable Not too surprising considering the “Expatriation Tax” https://t.co/y57DPsDNLM
RT @ryanxcharles: Smart contracts make slow blockchains https://t.co/2AROzrYhm2
It happened in Boston, now happening in Brussels. Disrupting millions of lives to search for a handful of people is a losing proposition.
RT @martindale: Want to see something cool? Check out BYRD, Bring Your Restricted Documents: https://t.co/QQlzd3dHdO — rolling replicatio…
How cryptography works, in terms understandable by normal humans: https://t.co/AOY9MzBfUI
My review of @CaseWallet: https://t.co/L7T6tqlPyi
I don’t want to rule the world. I just want to play a role in rearchitecting it so that NO ONE can.
@desantis If I come up with any ideas, I certainly will. I’m not really the creative type :-/
For proof that @21dotco Bitcoin Computer is revolutionary, watch @github as devs pull the future into the present. https://t.co/LEifZwbu62
I’m fairly certain the Bitcoin Lightning Network whitepaper is the first in which I’ve seen a Reddit comment cited. https://t.co/TYTqI4vVQW
RT @coinbase: You can now spend bitcoin at over 38M merchants worldwide.
Order your Shift Card today 🚀: https://t.co/bMITlEbIG2 https://t.…
RT @the_intercept: Former drone operators were “horrified†by cruelty of assassination program https://t.co/YHJLs24Z57 by @mazmhussain http…
@kristovatlas T-minus 24,000 blocks until the third testnet halving. Could be 160 days or just one block storm away…
The future of Lightning Network remains uncertain.
“BIP62 will never be deployed” - @rusty_twit
https://t.co/xCiFTFHO9K
.@amazon now supports 2FA via SMS and TOTP - here’s how to enable it: https://t.co/DDVuM6jTUI
@charliepioneer Sure; you can reach me at [email protected]
Resistance against civil asset forfeiture is yet another reason why I hold bitcoins instead of cash. https://t.co/JwbrpWKRhf
Recommendations for @LastPass users: https://t.co/RYHp8u72XA https://t.co/45mpRINBzQ
@ameir An ignorant racist? Color me surprised!
@jefft Gun turn-ins / buybacks are a great place to pick up cheap weapons! Just stand outside and offer double what the cops are :-)
Humans buy BTC with fiat or by selling goods & services. @21dotco machines buy BTC with electricity or by selling digital goods & services.
@DougHenwood @pmarca @RandPaul is not libertarian: https://t.co/6eWGBVVjob
We neither need nor want your “protection,” you fearmongering fool. https://t.co/Igk59zDFU2
bencxr Got my @21dotco #Bitcoin computer! Hardware is neat, imo magic will be in #http402 bitcoin-payable #API #marketplace pic.twitter.com/3aH78y827J
RT @21dotco: The 21 Bitcoin Computer is now shipping.
Read the overview: https://t.co/PopKiT9Ugx
Then start building apps: https://t.co/BU…
The definitive way to destroy bitcoins is to decline the protocol’s offer to create them in the first place :-) https://t.co/WTzni98slf
@Disruptepreneur @alansilbert Yes, Americans should probably stop killing each other. Different problem set, though.
Decentralized Autonomous Organizations will eliminate organizational slack by eliminating the need for rigid hierarchical organization.
@jefft Not yet, though the Evora is a lot more comfortable than the Elise…
RT @el33th4xor: A Suggestion For How to Proceed with the #Bitcoin Block Size Debate https://t.co/3hQTS3JXZ1
@emilepetrone Certainly; see my latest tweet ;-)
Private / permissioned blockchains may prove beneficial to incumbent financial institutions, but they won’t empower the general public.
@kristovatlas Yep, note that I never said that this was a good idea ;-) https://t.co/2uWfvRJvM0
Friday the 13th headline: Kia recalls 256,000 souls… TO THE PITS OF HELL https://t.co/6MZfBMp5iM
@emilepetrone @Pocket Yep. But private blockchain won’t spur innovation b/c they aren’t permissionless. Also, mining isn’t useless…
@JeffSovereign Are you in contact with James Dale Davidson? I’m trying to get a citation for a passage from his book https://t.co/SSn3EWyc2P
@IndiaHX1 @ValaAfshar Congress gave USPS a monopoly over carriage of
mail by a group of federal laws known as the Private Express Statutes.
Lower policy limits on the number and size of chained unconfirmed transactions will go live with Bitcoin Core 0.12. pic.twitter.com/2nRSSo9VPV
.@WIRED on Bitcoin:
It’s dead! https://t.co/Yyy6uzjMHG
It’s back! https://t.co/20MJyu7LMK
It never left! https://t.co/AkT7bzUnw8
@aantonop Just mount a gun on your drone and now it’s a flying firearm - no registration needed!
@Steven_McKie @aantonop Some cities or states (NY) may have registration programs, but there is no federal registration.
@danielcawrey Sounds like a person-to-apple-to-bank-to-apple-to-person service
@napoleon Even if Proof of Identity did exist, installing and maintaining the consensus software requires resources (skin.)
To maximize consensus decentralization we need one identity == one vote rather than one CPU == one vote. https://t.co/Xxq1jRJKJh
@JamesGDAngelo Also, because it’s possible to make a change that simultaneously centralizes some aspects while decentralizing others…
@JamesGDAngelo Right; my problem with the debate is that many aspects of centralization are not measurable & arguments are speculative.
@JamesGDAngelo I imagine that we’d need to have a separate self-adjusting block difficulty for each algorithm as well.
@JamesGDAngelo So instead we’d see a new rush of people building ASICs for the algos other than SHA256.
@JamesGDAngelo Rotating PoW algorithm wouldn’t be able to be random, though; it would have to be deterministic and be a finite set of algos.
@Beautyon_ @jonmatonis What if Blockchain Technology is a tactic by smart money to distract dumb money while smart money buys bitcoins?
@shibuyashadows @desantis Do you solo mine? I tried to get p2pool working on testnet for a while but failed…
@desantis The BIP101 fork didn’t last long; @jtoomim switched back to mining with Core after causing the fork.
@desantis Yeah all my nodes are at the height 600,000+ though my services on testnet couldn’t handle the chaos very well either.
@desantis Not sure; it has been chaotic. There was the BIP101 fork, then I think a bunch of CLTV forks, then a block storm w/10,000+ blocks.
Testnet fork identity crisis: blocktrail.com/tBTC
Hat tip to @pwuille for preventing this bug from forking Bitcoin! https://t.co/veTr8IIAyG
@blocktrail I think testnet is confused; -11,000 confirms? https://t.co/nRFogBdZLJ
pinkyswearing r/programming discusses how the bloated Facebook iOS app has over 18,000 classes; this comment wins the whole thread pic.twitter.com/kEm4bQIcOS
BitGo BitGo is super excited about our newest partnership with @krakenfx #Bitcoin Exchange #Blockchain #Fintech #Tech ow.ly/UtSlA
I think the testnet difficulty reset rule should be changed to make it less gameable & to prevent block storms. pic.twitter.com/jKS0BSDdVD
@MyceliumCom Looks like your testnet server is down; testnet is pretty chaotic at the moment.
“Hey, this site is useful, I should bookmark it!”
*clicks Bookmark*
“Edit Existing Bookmark?”
@ddahlke What’s the denomination?
@mriou Right now I think you’re seeing normal chain orphaning due to miner timing and hashrate variance on testnet, not a BIP101 fork.
@mriou Blocks are full but we should still be compatible with Core nodes!
Interesting analysis of non-standard Bitcoin scripts by the creator of https://t.co/z3Q9HUawAT https://t.co/YgaRpns0XT
Developers are dusting off their transaction spamming scripts; expect testnet to fork some time shortly after 2015-11-09 15:31:00 GMT
@pierre_rochard Sure, though I’d classify that as a generational evolution rather than in-place evolution.
If Bitcoin can’t adapt in the face of adversity, there’s no reason to believe another coin could after reaching the same level of adoption.
Testnet fork, anyone? pic.twitter.com/yWYiHnFwUM
@kristovatlas A much louder sound than someone who is censored in a huge subreddit…
Words are weak; code is powerful. Code enables individuals to form voluntary networks based on self-enforced rules. Cypherpunks write code.
@kristovatlas If most people prefer a highly moderated / censored forum and that works for them, that’s their choice.
@kristovatlas I don’t care if /r/bitcoin is eclipsed by another sub either, I just want people to have a forum where they can speak freely.
@kristovatlas *shrugs* “you” includes you; no one is stopping you from posting whatever you think is worthy of discussion.
RT @rogerkver: Mike Hearn, creator of Lighthouse, bitcoinj and Bitcoin XT is doing an AMA session now at: https://t.co/fLawBsJac0 https://t…
@pierre_rochard Generally speaking though, engineering only promises /improvements/ - safety is but one of many factors / trade-offs.
Traditional engineers are regulated by governments.
Software engineers don’t ask for permission to disrupt tradition https://t.co/LSc0qztEQS
RT @khannib: Released an OSS version of the parser used for https://t.co/BSQTsUReEB here: https://t.co/epbZlEH5oR
If you’re a dev who uses OSS, you should run master branch in your local environment. You’ll find bugs and can contribute by reporting them.
@el33th4xor Sweet; ponzi schemes usually run for months or years before collapsing. To the moooooooon!
“Block size debates and stuff we see today are minuscule molehills of drama compared to what’s coming in 5-10 years.” - @jgarzik
If you’re mining blocks on testnet < version 4, you should upgrade now or risk your future blocks being rejected. blocktrail.com/tBTC/blocks/1
@alansilbert @ZapChain um, “a futuristic form of money that lets you pay people directly with no transaction fee.” let’s not lie about fees.
RT @TalibKweli: Buy my new album for bitcoin on @ZapChain + first 1,000 people get 1 track free #magicinternetmoney https://t.co/IIfycrjWc8
Malevolent Malleability: my perspective on the state of the Bitcoin network with regard to transaction malleability. https://t.co/Soyc9UUf8S
RT @bendavenport: I’m doing an AMA right now on https://t.co/TTSsy1XlVn — ask me anything! https://t.co/1HaoaU5A8K
Today the US Marshals Service will exchange the last tranches of stolen sound money that it holds in return for dollar tokens.
@flyosity @hellyeahdude Trading bitcoins short term is a great way to lose your bitcoins; as an investment I’d hold for 5-10 years.
Congratulations to Andreas @schildbach on becoming the new maintainer of BitcoinJ! https://t.co/3xjyM29thI
@jgarzik Be that as it may, /r/bitcoinxt will be whatever people make of it - I’m not going to try to shift it in any direction.
RT @jgarzik: Irony. Discussion of this tweet reach r/bitcoin front page before being disappeared by moderators. https://t.co/PICIi0sfjd
@jgarzik For the polar opposite, join us on /r/bitcoinxt for unmoderated discussion
@ValaAfshar A few minor inaccuracies, but I’d say that’s close enough for consumption by the general public.
“The challenge of Bitcoin is to see through the waves of hysteria and despair to take a longer view” @jeffreyatucker https://t.co/GJwTzvIqhr
@desantis A smart robber would buy the max amount of bitcoins the machine allows, then destroy the machine to retrieve the cash.
@eholtzclaw If it was me, I’d feed it full of cash to “buy” bitcoins and then destroy the machine to get the cash back.
Robbers steal Bitcoin ATM from Atlanta store at gunpoint! https://t.co/F7CndOOJ8C
@dan_pantera @PanteraCapital I guess we’ve topped out then, since blocks have been completely full since we went parabolic.
@Itsjoeco Did you accidentally a word in your conclusion?
RT @techradar: Bitcoin is seeing a resurgence at the moment, we find out why. https://t.co/1S2efWPSH1 https://t.co/k3qJ4lQ5BN
RT @gavinandresen: I like to plan ahead: https://t.co/HeT0auAvpl
RT @a_greenberg: Zerocoin, the fully anonymous cryptocurrency first proposed in 2013, is now back as a startup in stealth: https://t.co/nL8…
@shibuyashadows @bergalex @pierre_rochard Pretty sure that localbitcoins / mycelium local trader requires on-blockchain txs.
@jgarzik Now you’ve gone and jinxed it!
@shibuyashadows @bergalex @pierre_rochard It does seem coincidental that a backlog occurred once price shot up; I don’t see a spam attack.
@pierre_rochard I think we both know that the issues will be due to wallet software, not users being miserly.
This may be the first Bitcoin bubble that is affected by full blocks. Will new users get turned off by delayed confirmations?
RT @TradeBlock: Avg #bitcoin block size as high now as during stress tests (750 KB). Avg tx value 9x higher https://t.co/Va5zpfYIo0 https:/…
@alansilbert Are we parabolic yet? Feels like we’re parabolic.
RT @BitGo: Are you paying 3x too much for Bitcoin transactions? https://t.co/HAktAnxmP7
@DigiEconomist That will likely be true for the next couple years, but we’ll quickly transition to fully autonomous cars.
I also agree with @martindale! The “price” of a blockchain unit is a neat metric, but ultimately a distraction. https://t.co/l83XycdDax
@pierre_rochard The only way to win is to not play the (trading) game!
@a3456gf Indeed; not seeing any mania on there :-)
1) BTC bull returns
2) /r/bitcoin turns into price posts (YOU ARE HERE)
3) MSM picks up story
4) ignorant speculators buy in
5) sell off
Tonight: second public planning session for pushing back against proposed NC Bitcoin Money Transmission legislation. https://t.co/sE1kulQKlq
@JeffMacke I like your outlandish prediction “Bitcoin becoming the world’s global standard for currency” because of https://t.co/ZX2E17lW94
April 19, 2013 - “The Bitcoin Implosion: 5 Signs of an Investing Bubble” by @JeffMacke https://t.co/oCohkQ17Rr
@pmccall777 I could give you 100 reasons and it could be any or none of them.
@carpedurham I officially vote “nobody” for office; consider this my ballot.
The Bitcoin Bull is back and speculators are already donning their space suits. pic.twitter.com/TMqa0y7ugv
@alansilbert I’m glad that “notable skeptics” and buttcoiners alike will have their words preserved as part of the historical record. :-)
RT @kenshirriff: The #Bitcoin sign is accepted by Unicode. My second addition to Unicode, probably more useful than the group mark. https:/…
Recent changes to Bitcoin Core decreased AcceptBlock time by 90% but doubled worst case CheckTransaction time: https://t.co/v9XNM80KAB
@DavidShares Shhhh, it will hear you!
@pig_poetry Perfect - if the computer driven car is going faster than the humans can then the humans can’t hit it!
@pig_poetry Why would it matter if other cars are computer-driven or human-driven?
In a world with autonomous vehicles ungoverned by human speed limits I can see a selling point being “time to complete the Cannonball Run.”
Does it even make sense for autonomous vehicles to be governed by government mandated speed limits? The software can decide the safe speed.
Once autonomous cars are affordable, I’ll never fly anywhere within an 8 hour drive - I’ll just sleep drive my way there overnight.
@dan_pantera @PanteraCapital Are you suggesting that once volume maxes out with full 1 MB blocks, the price also maxes out?
@msantoriESQ @aantonop Don’t tell that to people on /r/bitcoin; they’ll think you’re claiming price is irrelevant. https://t.co/uWYapPSh2V
@alansilbert Even without a known winning bid, we often see losers post their bids, which can provide enough info.
@alansilbert Yeah, though I think most of them were. Lazyweb, please do the research for me!
@acityinohio @ErikVoorhees The Nakamoto Fund For Keynesian Economists Who Can’t Math Good And Wanna Learn To Do Other Stuff Good Too.
If I recall correctly, every US Marshals auction has resulted in the winning bidders paying over market price. https://t.co/qg9gRi2CIc
@ErikVoorhees I think you mean “Genesis Blockchain Shares” are up 8%