“BIP101 + CSV + segwit + BIP109 + BIP101 + 8MB”
April Fools’ courtesy of @f2pool_wangchun.
https://t.co/FfZXcKb9pp https://t.co/FVuMrUff0t
@ErolKazan I myself am not a miner, but I grabbed the visualization from here https://t.co/1u0rRWd6Im
“Nadie entiende Bitcoin (y eso está bien)”
¡Gracias @alfremancera por traducir!
https://t.co/2WgptHPINo
Visualization of P2Pool’s (decentralized mining pool) node network. Public nodes are blue, private nodes are yellow… https://t.co/CAGHzrc9cA
@michaelfolkson On a related note: https://t.co/qJmKcmnVrf
@michaelfolkson In many cases, probably. But the whitepaper doesn’t define Bitcoin. 🙃
@michaelfolkson Right, but the words Satoshi wrote in 2008 are just words; they have no power. Some are obsolete, o… https://t.co/xdk2Fu6jNA
@michaelfolkson Yes, but they just get interpreted however best suits a given person’s agenda. They just become pol… https://t.co/1DUTTs12tE
@michaelfolkson TBD, though it seems to me that the whitepaper is less and less relevant as time passes.
#FollowFriday if you’re tired of Bitcoin debates: @dog_rates @EmergencyPugs @EmrgencyKittens @CuteEmergency @CuteOverloads @EverythingGoats
@masonic_tweets If we’re taking this generic, could say “the economy doesn’t care about your business model.” But s… https://t.co/pcJTIDW2N0
@ryanxcharles I suspect that Bitcoin cares about miner business models about the same amount that it cares about its exchange rate.
@drwasho That would be pretty awesome. I dare say everyone would love to see that happen, setting aside all other f… https://t.co/QiSOHzcIuC
Bitcoin doesn’t care about your business model.
@Bitcoin_Win Were you using an ARM or some other low powered mobile CPU? I’ve only has Raspberry Pis take that long.
@BambouClub Understanding the current protocol rules (which is possible) is only a subset of understanding Bitcoin. 🙃
There are 2 types of Bitcoin enthusiasts:
*Those who know they don’t understand Bitcoin
*Those who don’t know they don’t understand Bitcoin
@mperklin @bitcoincoreorg It does seem like low hanging fruit, though I had to spend several weekends to build it.… https://t.co/DBKA2mXQvk
RT @aantonop: “Announcing the Bitcoin Core Config Generator†by @lopp https://t.co/qyRWHLwsDj
@amredman Most likely causes would be an underpowered CPU or really low bandwidth. Under 1 GB of RAM can also cause slowness.
Started up a Bitcoin Core 0.14 full node from scratch on midgrade hardware and it took less than 6 hours to sync to… https://t.co/qMpRuDyPmz
I’m pleased to release my latest open source project: a user friendly config file generator for @bitcoincoreorg!… https://t.co/AkbLzPWJMa
@NicolasDorier @adam3us Maybe Core should be renamed to Cloud or something similarly amorphous… 🤔
@BTCPOPCO Why bother? I assume you aren’t actually using every single node in order to process transactions…
@guruvan @JonathanVaage @JihanWu Can outside influences affect Bitcoin economic players in a proxy war-like fashion? Sure.
RT @21: Read the full survey:
https://t.co/apQTU7vCvm
Quotes from @rogerkver, @bendavenport, @elidourado, @morcosa, @twobitidiot, @lopp, a…
RT @bradheath: DOJ says (again) that using malware to force a computer on the Tor network to reveal its true IP address is not a “search” u…
RT @TuurDemeester: The 10 phases of Bitcoin mining hardware — by @zorinaq https://t.co/790lZhFnll
@JonathanVaage @JihanWu Depends upon what you’re talking about; potential future investors can’t affect changes to current protocol.
@kristovatlas @jimmysong Perhaps a more precise description would be that chain splits can enable some users to choose authorities. 😞
@JihanWu Indeed, the economic majority that is external to the Bitcoin ecosystem is irrelevant to BTC. Notsomuch for internal majority…
Congratulations to @michaelfolkson @alexbosworth @NathanBasanese on their winning full node monetization project! https://t.co/iX1v5UL6ck
RT @EFF: BREAKING: House narrowly votes to repeal #BroadbandPrivacy rules, 215-205 https://t.co/0F7psx9P2q
RT @dhimmel: @lopp remember that study you commented on for @RetractionWatch? There’s an unclaimed 0.04 #BTC replication bounty https://t.c…
@f2pool_wangchun There is a slight distinction between signaling and voting. @shaolinfry put it well: https://t.co/WGDqKwzbPQ
@f2pool_wangchun Miners vote on which of many potential valid chain forks is best. Voting on invalid chains is something different…
@TaylorGerring Phases are debatable but I still see this as an early adopter / nerdy enthusiast phase…
@TaylorGerring For mainstream marketing, sure. But these systems aren’t ready for that. I see a need for ideologically motivated builders.
@TaylorGerring Most people don’t care about being self sovereign; they’re free to use systems that better cater to their desires. 🙂
@Airbitz @ryanxcharles Wouldn’t SPV clients only see the most cumulative PoW chain if they connected to an Unlimited node?
@f2pool_wangchun Every Bitcoin participant is a potential adversary to other participants. Should still strive to collaborate: 💪🻠in numbers
@Imskipadinski Right; if BU is that unlikely to fork in 2017 then we can move on and worry about other concerns…
Last chance to submit speaking proposals for the blockchain track at @AllThingsOpen in October. Last year was fun! https://t.co/GxUYhCujGI
@hitchslappy Not that I can think of, unless you’re a huge miner with lots of pools. It’s likely just a public show of support.
@el33th4xor So you’re saying I can make some easy money with these contracts?
Could explain odd behavior during the BU node crash events where hundreds of nodes came back online simultaneously. https://t.co/dDDUuWDxME
I think it’s safe to say that these 150 Bitcoin Unlimited nodes hosted on Hetzner are all run by @BTCPOPCO. https://t.co/0dam6euX5I
On flip side, for miners on a 10% hashpower BTC chain for which price stayed same, their profit would be the same. https://t.co/bFaXdkH2BA
If the Bitfinex chain split contracts are accurate (who knows?) then miners would have a hard time earning a profit on a $200 BU chain.
It may very well be that some day a significant faction of Bitcoin users reject Cypherpunk ideals and split off from the “Cypherpunk chain.”
Good points by all; I think it’s important to teach newcomers about the Cypherpunk ideals that brought us here.… https://t.co/NQAuTYtQQg
@BitcoinUnlimit @kyletorpey @francispouliot_ That’s a nice marketing tactic, but closer analysis of EC has shown it has major ramifications.
RT @kyletorpey: “Canadian Bitcoin Economic Nodes Unite Against Bitcoin Unlimitedâ€â€Šâ€” @francispouliot_ https://t.co/aNtiH1aTd9 https://t.co/T…
@shibuyashadows Nope, we do some lightweight snapshotting on our own at BitGo.
@WilliamSantiago If you have specific technical concerns, feel free to contact us about them.
@WilliamSantiago You’d have to be more specific. We run a bug bounty program that people can use to submit vulnerabilities to us.
@brucefenton I think this would be accurate if you prefaced “Core Supporters” with “some.” As is, implication is “all.”
@Melvillius Have you read The Sovereign Individual yet?
@kristovatlas @Steven_McKie @lightning @alexbosworth @BitGo Point isn’t “readiness” but rather “progress” - antithesis of vaporware.
Narrative violation: @lightning has to be vaporware & this @alexbosworth fellow can’t possibly be a @BitGo engineer. https://t.co/qKOH3IwSMs
semibogan @alexstamos this graph forever pic.twitter.com/IDagVmV0Hz
@cointastical Sure; I have no clue what short term price movements might occur.
@digitsu @ryanxcharles You can fork any time you want, but there’s no guarantee that the ecosystem will follow you.
@DavidSilvaSmith No sir! You can’t kill an idea.
@matbalez The buck stops at your node. No one can force you to run rules with which you disagree.
@matbalez Indeed, thus you should reject any attempts by humans to govern the protocol.
Every Bitcoin crisis is an opportunity to buy cheap BTC from the people who convince themselves that THIS time Bitcoin won’t be antifragile.
@BKBrianKelly The “bitcoin is controlled by an elite group” is a narrative that has been propagated for years…
@ryanxcharles Ehhhhh maybe; it’s also possible that conflicting philosophies would have naturally diverged via freedom of association.
@ryanxcharles I see extremist culture also coming from /r/btc and bitcoin.com 😬
As you’re aware, anyone who wants to fork can…
@BKBrianKelly Anyone is free to discuss whatever they want. Also free to leave if they want. I pose to you it’s not as divisive as it seems.
@ryanxcharles There’s no doubt that some people tried. But given the multitude of channels online, they failed. Remember I ran /r/bitcoinxt?
@BKBrianKelly Security model of the protocol is the same as it has always been. Anyone can leave via HF at any time. HF != theft of your BTC
@BKBrianKelly Perceived by whom? I sure don’t perceive that. I’d posit that Bitcoin is one case where perception != reality.
@RyanScudellari Actually, it’s so humble that it appears arrogant to those who don’t understand the reference. https://t.co/qq1wHVuNiP
@BKBrianKelly For further details, read my report from the recent Roundtable: https://t.co/hNvAOC4vck
@BKBrianKelly It is different: these meetings have absolutely no measurable effect upon the protocol itself. That’s my point RE: outcomes.
@deadalnix @ryanxcharles And Core development governance structure favors vetos similar to how the protocol itself favors vetos.
@deadalnix @ryanxcharles IMO the Core devs who are employed by Blockstream are highly experienced & good @ making technical arguments.
@BKBrianKelly FED 2.0? I refer you to the many similar meetings (and their outcomes) that have occurred over the past several years.
@deadalnix @ryanxcharles Understandable. And these are a problem because your view is that Blockstream controls Bitcoin Core development?
@deadalnix @ryanxcharles Of course, so you agree there’s no evidence of any AXA / Bilderberg conspiracy to “cripple Bitcoin?”
@EdanYago @alistairmilne @ryanxcharles Indeed. https://t.co/PCTRq4xS2W
@ryanxcharles are you a proponent of the AXA conspiracy theory now?
@morcosa Based upon a wide variety of (unscientific) polls and my own interactions with users & customers: about 10%.
RT @mikeinspace: The answer we’ve all been waiting for has finally arrived…
https://t.co/kcscVb1Dei #BitcoinCarTalk #BCT4 https://t.co/Np…
@OptimistLib @rubicon59 @alansilbert If there’s an emergency fork / attack, I’ll contribute to the best of my abilities.
RT @morcosa: I just published “Why Bitcoin doesn’t need a solution†https://t.co/XrQPlCnmKQ
@olivierjanss I’m personally unaffected by Litecoin’s activation parameters; aren’t we talking about Bitcoin?
Google officially no longer trusts Symantec. https://t.co/L8fYVGqAj8
@olivierjanss OK, that’s a very different issue… deployment parameters are very different from claiming feature itself has issues.
@olivierjanss You lost me. Are you saying Litecoin only has as many nodes as Bitcoin’s Testnet?
@olivierjanss Network partitioning is an artifact of how few nodes are on testnet: mesh is thin. Once again, a very different network.
@jedigras A wide variety of reasons including frustration, impatience, concentration of power, and capitalization.
@olivierjanss If you spent time on testnet, you’d know that it has /always/ experienced crazy reorgs. It’s a very different network.
@GeminiDotCom @talktoMazecraze Stop. Please stop.
@alansilbert Yeah, @GeminiDotCom has been publicly tweeting support replies for a while despite my recommendations otherwise…
@jedigras The entire ecosystem
Great post by @brucefenton on civility during these contentious times. https://t.co/LaCVlZIDq9 https://t.co/1k17UW6gl5
@masonic_tweets Shhhhh it isn’t ready yet :-)
The #Bitcoin “Civil War” in a nutshell: pic.twitter.com/V1M9CoUSkW
@masonic_tweets Tech startup? Gotta go with Coffiest!
@btcguy_ Invalid segwit spends is possible same as invalid p2sh spends are possible. Good incentive for miners to not create invalid blocks.
@btcguy_ Network split highly unlikely because mainnet has orders of magnitude more nodes - better connected network mesh.
@btcguy_ It could have been a network partition or it could have been someone creating blocks w/invalid segwit spends. My bet is on former.
@ryanxcharles It’s unfortunate to hear anyone saying that they want to see conflict and strife. 😞
@rubicon59 @alansilbert I wouldn’t worry about it too much; it’s outside of our control 😌
@rubicon59 @alansilbert It’s just posturing until it’s an actual attack. Pre-emptively countering posturing is a waste of resources.
@rubicon59 @alansilbert For major economic players, probably. But that’s not the only option. 🙂
@rubicon59 @alansilbert Anyone who wants to transact on a BU chain fork is free to do so. I suspect disruption would last < few days.
@jessedain @theonevortex @alansilbert @ChandlerGuo It’s a real threat, it would be disruptive, it wouldn’t be effective permanently.
@rubicon59 @alansilbert No, anyone can change the code they run at any time.
@rubicon59 @alansilbert Machine consensus can always be changed via human consensus. Nothing is set in stone.
@theonevortex @alansilbert Unless you are the person moving the market or spoke with those who are, trying to extract meaning => speculation
@rubicon59 @alansilbert By rendering the attackers’ ASICs useless, which could be done in a variety of ways.
@alansilbert @theonevortex I suspect either side will just claim that they are morally justified in “looking out” for those people.
@theonevortex @alansilbert Seems to me that those who consider it immoral vs moral are already split.
In the event of perpetual protocol pause, the “winners” will be those who keep their heads down and innovate w/o asking anyone’s permission.
@alansilbert Seems simple to me. Morality of an attack is irrelevant. What’s relevant is that such an attack would be parried.
Brinkmanship behooves nobody in Bitcoin. In fact, it very well may be that Bitcoin is resistant to traditional political strategies.
RT @angela_walch: #Bitcoin’s version of Originalism - what Satoshi wanted. Do you want your developers to be Originalists or Living Consti…
Two blocks diverged in a chain, and I -
I took the one more widely accepted,
And that has made all the difference.
@LokiSullivan Evaluate their proposed hard fork and then decide whether or not I agree with it.
@gavinandresen Good points. Satoshi should have left a timelocked last will and Bitcoin testament.
If Satoshi Nakamoto wanted ________ for Bitcoin, he wouldn’t have abandoned his project.
@brianchoffman I’ve never seen so much contention over a whitespace change. pic.twitter.com/1shs2GC0EO
@LarryBitcoin @Technom4ge Right, my main point is that second layer solutions aren’t maximally effective if anchor demand can’t be met.
@LarryBitcoin @Technom4ge SF is good for now but I’m unaware of a way to indefinitely continue increasing chain anchoring capacity via SFs.
@adolfosrs No, they just have a ton of small pools and I think not all of them have switched to BU.
@adolfosrs @VinnyLingham @WhalePanda @alistairmilne Too much variance in daily numbers; stick to 1000+ trailing blocks for consistency.
One can be in favor of a hard fork block size increase & against Emergent Consensus. Bitcoin scaling shouldn’t be reduced to binary options.
@twobitidiot There are similarities in some of the rhetoric, but thankfully Bitcoin is neither a democracy nor a republic. 🙂
RT @magnr: Our plan for a #Bitcoin hard fork: Protect asset value on behalf of our clients - https://t.co/7WCwufcySh https://t.co/qAAdxFfvLz
RT @Bitonicnl: Our statement on BitcoinUnlimited and possible Bitcoin hard fork: https://t.co/TwTtyiWR9z
Bitcoin governance transcends nation state jurisdictions. https://t.co/NL654wSfYZ
RT @Truthcoin: Let me restate in-metaphor: if the generals don’t agree on *which city* to attack, it won’t matter if their messages are/are…
@kyuupichan @BitGo 🤣
@jgarzik Users yes, but miners not so much - in a soft fork miners must still opt-in. For a hard fork, miners and users must opt-in.
@BTCarchitect Well that’s ominous!
When you change Bitcoin’s rules, best you can do is leave current rules behind & hope others follow. Forcing others is like pushing a rope.
@brianchoffman @rusty_twit For now, yes. Explanation: https://t.co/pB7t3jwoJ2
RT @rusty_twit: I just published “Miners and Bitcoin Lightning†https://t.co/tKVa72yCIa
@YangTerrence To be clear, my article is not targeted for the average user. Eventually avg user shouldn’t have to know anything about BTC.
RT @BitGo: BitGo’s approach to handling a hard fork: https://t.co/i3IRg7Ow9j
@YangTerrence Already got you covered right here: https://t.co/qq1wHVuNiP
RT @alexbosworth: “You fought in the blocksize wars?” Yes I was once a Bitcoin Wizard, the same as your father https://t.co/ugn3dUbN37
Sure, there’s a great deal of fear, uncertainty, and drama in the world of cryptocurrency. But on the bright side, the memoirs will be epic.
@xchrisnoonanx OK? Caution is warranted in crypto systems; Bitcoin isn’t your average web app.
@xchrisnoonanx No one can stop anyone from writing and running code 😀
@seweso Miner incentives are aligned with the economy, yes. But that has nothing to do with Nakamoto Consensus.
Fact: early Bitcoin versions had lots of bugs.
Fact: run $20B 2017 Bitcoin network on 2009 quality code and you’re gonna have a bad time.
@digitsu “Byzantine fault tolerance can be achieved if the loyal (non-faulty) generals have a unanimous agreement on their strategy.”
@jgarzik Don’t hard forks also rely upon miner enforcement of new rules?
@haq4good @alansilbert @BitcoinErrorLog @LarryBitcoin Open to interpretation, but I read @Falkvinge as saying “miners decide the rules.”
Nakamoto Consensus solves Byzantine General’s (coordination) problem. It’s not a solution for Generals who disagree on coordination goals.
@ryanxcharles Exactly. Which is why from time to time it may become necessary to remind some miners who pays them.
@haq4good @alansilbert @BitcoinErrorLog @LarryBitcoin @Saucerys @nopara73 @Falkvinge The BG problem assumes that th… https://t.co/OUqmGltnuW
Latest Bitcoin Unlimited code patch replaces many instances of “assert()” w/ “DbgAssert()” to avoid those pesky crash-causing sanity checks.
@gubatron Isn’t it a lot harder to mine blocks when your node has crashed?
@digitsu @brucefenton’s point was regarding how a node determines the “correct” chain; cumulative work is but one of many checks.
@MadBitcoins Caveat: good luck spending separately between chains without replay protection software.
@brucefenton Yep, “most work” chain is more accurate, but /even then/ only when referring to compatible chain forks that follow same rules.
@bitrated Wouldn’t that mean no more escrow services?
@LarryBitcoin @giacomozucco More polite people ask “what’s your acceptable depth?”
.@bitrated lays out principles for dealing w/chain forks, vows to shut down if an Emergent Consensus fork prevails. https://t.co/Ud2lrFJk5r
@alansilbert SegWit supporters should tap him as a spokesman to tout transaction malleability fixes. 🙃
@twobitidiot Why is chaos imminent? I doubt whales use Circle.
@badslinky In the event that occurred I’d probably evaluate BitcoinEC
@drwasho Indeed, enterprises can afford that cost. But I like to think that Statoshi has value for users & developers. Can I charge for it?
I’m the guy who gets paged in the middle of the night if our infrastructure blows up. I won’t run unstable software. https://t.co/pf5LDh2Pih
Uh oh, is this another Bitcoin Unlimited vulnerability being exploited? https://t.co/2EdMJneyjL H/T @thomaskerin
@BronxR Are node operators reporting DDOS as opposed to process crashes / exploits? I know DNS amplification attacks have been used in past.
It appears that a nontrivial number of Bitcoin Unlimited nodes are still struggling to stay online.… https://t.co/94BjNv4oqO
RT @Ethan_Heilman: Very well written introduction to #mimblewimble:
https://t.co/qKboshtiaD
@TuurDemeester I seem to recall @jratcliff saying that he needs to rewrite his analytics software in order to run it on recent data…
@TuurDemeester I’m pretty sure that’s a @jratcliff generated chart https://t.co/EeHHO0l8AW
@ryanxcharles And yet all the electricity in the world can’t make my node accept a block that doesn’t abide by the rules I choose…
@drwasho Just checked with my VPS host for statoshi.info (@gandibar) and their largest disk is 2 TB for $115 / month. 😞
RT @coindesk: Ethereum devs had to reel in a highly anticipated app last week, after “significant” bugs provoked security concerns https://…
RT @acinq_co: LN vaporware is condensing into actual software 😀 Today we are releasing an early version of Eclair https://t.co/6MWrTC1mhF #…
.@factom Chief Scientist Brian Deery implemented a variation of SegWit on his own, well before SegWit was announced. https://t.co/zzycjSsd8a
@Kosmatos A BU node operator could lower the default EB config to say, 2MB but that risks potentially get forked off the network…
@checksum0 To be clear, I’m just trying to define resource bounding in terms that node operators can understand. Good for planning purposes.
Correction: there’s a message limit of 16 * node’s EB config value. Thus EB of 16 => 256MB https://t.co/VxYSGPEnHR https://t.co/bGHyMkftF9
@checksum0 Aha, thanks for the clarification!
@ErolKazan indeed, plus bad things would start to happen long before that size was reached.
Bitcoin Unlimited max block size is 256MB, raising worst case annual node disk usage from 50 Gigabytes ($1.50) to 13 Terabytes ($400.) 😬
@MadBitcoins It’s unclear what you’re asking because there is no such thing as “@Blockstream Core”
brianchoffman If Bitcoin’s creator is MIA and no one can agree on what Bitcoin is, does Bitcoin exist? pic.twitter.com/Ci09poMnR5
RT @juscamarena: @lopp @pwuille @alexbosworth here’s a great demo https://t.co/oyow3Megky
Segregated Witness address format Bitcoin Improvement Proposal by @pwuille https://t.co/PLM473HHav H/T @alexbosworth
@davidjnixon Here’s one potential issue with larger blocks and centralization: https://t.co/JdsCTDPmmi