@hudsonjameson @XTC0r Cheers! pic.twitter.com/CCrfgFkUB8
@hudsonjameson @XTC0r Might I suggest a fine set of soapstones for the gentleman? https://t.co/CyLIqfZPmN
@mesnia85 The actual fork should occur August 1 around 13:20 UTC though don’t expect any blocks to arrive on forked chain for… a while.
@lightcoin @johnbiggs @jonst0kes Average casual investor at this point should put their coins in cold storage, set… https://t.co/lYz8Fj0MKy
@badslinky Also perhaps liquidity is dropping as lots of folks withdraw from exchanges?
@ciscoguru I think it’s more that I see people reacting to events in ways that I used to react and prefer to share my experience.
@prestonjbyrne ICOs on @DRUDGE_REPORT 🤣
Bitcoin apparently hasn’t heard about tomorrow’s apocalyptic hard fork and is crashing in the wrong direction. https://t.co/kBkncJ4ora
@richcollins @el33th4xor That @jimmysong fellow has been on point lately.
@brianchoffman @openbazaar Did somebody say “decentralized darknet market?” https://t.co/2yE1MoKYO4
@Jack_Zampolin @grafana That’s my @bitcoincoreorg fork - you can view it and learn more at statoshi.info
RT @jimmysong: I just published “A Gentle Introduction to Bitcoin Core Development†https://t.co/qR59cpbZvH
The size of Bitcoin’s UTXO set has shrunk by 1% in the past 2 weeks. Lots of consolidations as folks prepare for co… https://t.co/zSz4NC6UNp
If you think you can kill a crypto asset simply because you’re offended by its existence, you’re gonna have a bad time.
@MediumSqueeze @roasbeef âš¡ï¸ðŸ§ âž¡ï¸âš¡ï¸Â 💄
Great presentation by @roasbeef on the shortcomings of Bitcoin SPV Clients and how we can address them. https://t.co/41Hano8c1x
@aantonop @eric_lombrozo Agreed; the noise level does not rise linearly with the number of followers.
@aczpublishing Not worth my time trying to dump unless it actually attains a decent value. Will HODL for forseeable future.
A fool and their bitcoins are soon parted. HODL CODL! pic.twitter.com/KyjQxmv0XY
@galvin_zach It’s not great terminology but: 1 billion daily users / 34,000 can sync simultaneously = 29,400 “group… https://t.co/d7jbV5r545
@khannib Should probably clarify that you mean native addresses - I’d bet most consider P2SH wrapped SegWit outputs as “SegWit outputs.”
RT @WeRateBitcoiner: Meet @rusty_twit. The Open Source Citizen. Found a home in Linux and Bitcoin. He’s as funny as he’s experienced. Not a…
Time is our scarcest resource! People who spend money to buy themselves time report greater life satisfaction. https://t.co/6YPrxupDCA
twobitidiot Bitcoin: the more you know, the dumber you know you are.
@Sir_Lebowski @coindesk I think you misinterpreted my tweet - I wrote the article. Spent quite a few hours doing re… https://t.co/VbURnOu5Dj
@alexbosworth @santisiri @starkness @twobitidiot @zooko @coindesk Is there a writeup of how it functions? Is it pay… https://t.co/4i4kZmaLP3
If your takeaway was that there is no way to improve SPV technology, you must have stopped reading before page 13. 😉 https://t.co/wLnyfI5JOq
@richcollins I’m unaware of any implementations that support complex indexing or caching; I’m sure you could get so… https://t.co/M7C4XbRyqG
@santisiri @starkness @twobitidiot @zooko @coindesk What’s the word @alexbosworth? How do we learn more about your project?
@adiyoung Same as usual: HODL
I’d caution against trigger-happy dumping of your “free” Bitcoin Cash. If everyone dumps soon after fork, price could easily rebound later.
@shubh716 @ryanxcharles Seems you’d need to create native payment channel support into the full nodes and figure ou… https://t.co/aFgnoqX6dI
@zooko @coindesk Would simultaneously solve a number of DoS vectors, though it comes with a bootstrapping chicken &… https://t.co/pyo2ZW6PMN
@zooko @coindesk IMO it would be really cool if your full node earned micropayments for serving data & paid to rece… https://t.co/o7RKQnrUJ9
@_drgo @twobitidiot Not really possible to answer this question because there is no market for SPV access - it’s cu… https://t.co/HVMsjPsrt3
@TradeBlock Um, I think your block explorer died. tradeblock.com/bitcoin/
@lightcoin @dgenr818 I provided the entire range and linked to my calculations https://t.co/vZ2vl3EdjJ
@dgenr818 @lightcoin 500X is the high end - note that I provided graphs for how the cost of operating BIP37 servici… https://t.co/8upbdRPtJH
@_drgo @twobitidiot It was originally considered to be more private. Also it’s quite compact in terms of SPV client bandwidth.
@_drgo @twobitidiot Not following your logic - SPV is fundamentally broken from a privacy perspective.
@dgenr818 @ATT The packet switched network is Lightning 😉
To be clear, there are plenty of potential improvements to SPV.
@_drgo @twobitidiot Cheapest way to achieve high privacy would be to run a pruned fully validating node. They don’t… https://t.co/6QPSuRfwVT
My main conclusion is that we should strive to keep full node disk I/O reqs below what a single drive can sustain. https://t.co/wLnyfI5JOq
@bendavenport @coindesk Also worth noting that my original title was “Bitcoin’s SPV Scaling Struggles” but it got editorialized 😬
@bendavenport @coindesk Sure, though if you devise a new system then you should also ensure that it’s not susceptib… https://t.co/T1X2eEOqfg
@bendavenport @coindesk Right, but that’s how nodes operate today - no shared disk IO. Would become incredibly more… https://t.co/Viag44o4Gx
@bendavenport @coindesk More conns per node means each SPV client has “more time” to sync, but the total amount of… https://t.co/v2jGk5VeyW
@bendavenport @coindesk There is certainly plenty of room for improvement - would also be much more performant if new indexes were added.
@bendavenport @coindesk I determined that it’s not about the number of SPV connections per node but rather the rati… https://t.co/oJ7OGza9lY
When the architects of the early Internet asked for help building it, @ATT engineers told them a packet switched network couldn’t work.
coindesk Could SPV Support a Billion Bitcoin Users? Sizing up a Scaling Claim bit.ly/2u97Avp pic.twitter.com/afdeaXDHeE
@Zisef @ReformedBroker 5.56 NATO
Before I got into crypto assets, and after.
/cc @ReformedBroker pic.twitter.com/d1OCkb64BR
@ndrchvzz @lightcoin @jgarzik @DJohnstonEC If LN is extraordinarily successful, demand for block space will increas… https://t.co/ZvhFNTULmc
@ndrchvzz @jgarzik @lightcoin @DJohnstonEC Speed up block times to the point that we run out of block subsidy much… https://t.co/PECjEFAn19
@ndrchvzz @jgarzik @lightcoin @DJohnstonEC If you consider extension blocks to count then they could create inflati… https://t.co/4Cdf38ipyt
Hard: building systems that function without authorities.
Harder: convincing people to take power & responsibility into their own hands.
Best wishes to all those forking off to Bitcoin Cash in a few days. Hopefully you can collaborate to build something great.
@timoncc Sure; that seems less bold 😀
@lightcoin @jgarzik @DJohnstonEC @Truthcoin If I’m applying the terminology correctly, SegWit is a Loud, Kind soft fork 😃
@lightcoin @jgarzik @DJohnstonEC I like @Truthcoin’s terminology https://t.co/RHquog8zwi
@jgarzik @lightcoin @DJohnstonEC I suppose my point is that if we’re talking adversarially, soft forks can’t be avo… https://t.co/DugUycPIrZ
@jgarzik @lightcoin @DJohnstonEC Perhaps my question would be more clearly stated as: how would you automate hard f… https://t.co/Wqh1fcEFp0
@ndrchvzz Good point; I’ll come up with a better example :-)
@ciscoguru @DJohnstonEC @jgarzik How is that related to this discussion? FYI, BitGo change output privacy is worse… https://t.co/DWQinIkjgZ
@jgarzik @lightcoin @DJohnstonEC Indeed, but do you have a solution for fixing the asymmetry? How can you automate rejection of a soft fork?
@lightcoin @DJohnstonEC @jgarzik Worrying doesn’t help… unless worrying results in you watching 😃
The system work… https://t.co/46jsxg48Qb
@lightcoin @DJohnstonEC @jgarzik Cash out or counter the coercive soft fork with a hard fork.
@bobinorlando You don’t think an asset with a money supply of tens of billions of dollars can absorb a money supply… https://t.co/fXjaSXQraQ
@DJohnstonEC @jgarzik To be fair, there is certainly the possibility of coercive soft forks being deployed upon the… https://t.co/oG7q6J0yrA
@DJohnstonEC @jgarzik This is an odd argument to make with regard to SegWit because you have to opt-in to use it; s… https://t.co/GocpNsEiUl
La__Cuen #Bitcoin newbies, there’s no need to fear the fork on Aug. 1. @lopp and Adam White from @coinbase break it down: bit.ly/2v4ZMiD
naval Internet Phase 1 replaced offline gatekeepers w/ thin online ones. Phase 2 will replace gatekeepers altogether w/ cryptoeconomic protocols.
.@BitGo’s position on Bitcoin Cash https://t.co/JMYT3idXXT
@dschatsky First mover advantage into crypto assets would be pretty big. Could also be helpful if their currency is weaker than BTC.
@socrates1024 .1776 BTC?
@francispouliot_ Didn’t IMF already recommend that in one of their reports?
@George_harrap Hm, they aren’t listed on the money supply rankings. I thought Liberland was uninhabited… 😬
@outragedhuman What if some govts are accumulating it now at low prices and in a few years they have plenty? 🤔
@outragedhuman They could use it as a reserve or they could do a one-time swap of existing currency with BTC.
Bold prediction: in next 5 years a nation state will adopt Bitcoin as its national currency. Probably a nation with a M1 money supply < $1B.
@JVWVU1 @Bitcoin_IRA @KingdomTrustCo @BitGo @mikebelshe @bendavenport @senatorkline Your coins aren’t going anywher… https://t.co/Ch8kR0k90k
@GeorgeAHallam @iurimatias @TuurDemeester @pierre_rochard To be clear, datadir on a fully validating archival node… https://t.co/VZg9wHW1SM
Crypto traders reacting to the lack of a unified ticker symbol for Bitcoin Cash. pic.twitter.com/UJTr9E5sNQ
@jaredsc Same. Though a lot of folks are finding out the hard way that privacy isn’t as strong as they thought.
@Brandonruck You should ask on reddit.com/r/ethereum/ - they’ll probably tell you to upgrade your software and re-sync.
Who determines the consensus rules that decide what is required to be a miner? 🤔 H/T @alexbosworth… https://t.co/3Ci7V70CII
@Quaison That’s a weird correlation!
According to Ethernodes the Ethereum node count has dropped by 29% in the past month. Coincidence? ¯\_(ツ)_/¯… https://t.co/f8Y4RahBgn
@ssoeborg @south_crusher I’m not sure orphans are as big of a concern since Ethereum still pays miners for uncles.
@hughlang @JonPSpitz It will be interesting to observe relationship b/t resource usage & node count; are you aware… https://t.co/fDJTPAc1u1
@AlistairJTweed Depends on if resource consumption of full nodes outpaces technological growth.
@VseRachid bitcoincash.org has some wallets listed
An ICO “hype-athon” with a fidget spinner logo. Apparently this is a thing now. hypethon.cryptofriends.io pic.twitter.com/d0LESDOTN4
@_drgo @TuurDemeester @pierre_rochard I’m not sure if there is a config that both fully validates and prunes unnecessary states.
@AlistairJTweed It’s primarily about validating the entire history of the blockchain. Check out https://t.co/8AjQOSmg38
Cryptography is two-faced: it can create strong privacy or it can create strong identification. It can make us anonymous or track every txn.
@seweso I was able to duplicate this usage myself by running parity with warp disabled.
@seweso Probably state trees and DB indices if I had to guess - note that the Bitcoin install has full tx indexing enabled.
@AlistairJTweed Yes, you can save a lot of space by accepting a less robust security model.
@south_crusher Ethereum miners can increase their effective block size as they see fit, so I’d bet that the growth… https://t.co/ZEAbNkop3v
For the past 3 days Ethereum’s blockchain has grown 2 GB per day - 14 times faster than Bitcoin’s blockchain.… https://t.co/GIqZGtEy2w
@timoncc Did you exclude empty blocks? :-P
Fingers crossed that @realDonaldTrump brings equality to military by banning cisgender folks too. #BitcoinsNotBombs https://t.co/mG6L7muUCe
@oleganza Hanlon’s razor slashes again!
RT @coindesk: BREAKING: .@wizsecurity releases new report on Mt Gox-BTC-e connection https://t.co/KB9nUiH3Rl
In Soviet Russia, crypto exchange hacks YOU. https://t.co/vboWy73MvO
There’s rarely a dull day in cryptoland. pic.twitter.com/aiglMjIDhw
@SpArK_Is_Me Just poking some holes in the anti-SegWit “we need to hard fork now” logic.
Anyone-can-spend transactions are not part of Satoshi’s vision, therefore we should fork to a protocol that doesn’t enforce P2SH. 😉🤣
Crypto assets need no permission from regulators to perform stock splits.
It’s your asset, you can fork if you want to…
@zooko @badslinky @ChrisPacia We’ve found that this is the case over the long run (months) & organizations solve it… https://t.co/lYi068xKGL
Layer 1 Bitcoin is for buying Lambos & mansions.
Layer 2 Bitcoin is for buying coffee & drugs.
H/T @MadBitcoins
@badslinky @ChrisPacia Fee market is fundamentally priced in satoshis per byte because that’s what all of the miner… https://t.co/IGP09GN0XZ
@badslinky @ChrisPacia Gotcha; I think one of the fundamental misconceptions here is that humans are often deciding… https://t.co/WEcLy8UjFf
The fundamental problem with ICOs is that Ethereum has insufficient privacy to protect participants from government interference.
@badslinky @ChrisPacia Depends upon if demand is greater than or less than the current capacity of the network 😃
@jimmysong I trust you a lil’ bit, Jimmy pic.twitter.com/abITOiWXe9
@mhluongo @BitGo @morcosa Yep: https://t.co/KQ3LBUwgpS
@kshitishb I sure will!
I pose to you the inverse holds true. https://t.co/g1yBbtLZ3e
muneeb My PhD thesis, which takes a deeper dive into the design & performance of a new decentralized internet, is online: muneebali.com/thesis
@Paul_Goldstein To get into the top 1MB of the mempool would currently require paying around 140 satoshis / byte. F… https://t.co/KD7sqza5pD
@richcollins Click “back to dashboard” to see more charts. Next block fees will generally be much higher since ther… https://t.co/JdRoBDm9QA
@bitsewa @loop Yes, the documentation is here: bitgo.com/api/
Observe: the folks who are winning the fee estimation game are undercutting the competition by 70% to 90%.… https://t.co/UPaDvPqK7H
@richcollins Those estimates are overpaying by a huge amount. Compare and contrast: https://t.co/k6IU52bIXE
@Paul_Goldstein Fee estimates never stay the same. You can see the historic 6 block fee estimate target here https://t.co/XnzcW5eYMn
@Paul_Goldstein Looks like it confirmed in 16 minutes https://t.co/BzMSdsEgb1
@Truthcoin @badslinky @ChrisPacia That’s certainly understandable from an economic standpoint; I’m just saying Bitc… https://t.co/Do2I71t295
Propaganda worth propagating! pic.twitter.com/VS8Td9ffst
@badslinky @ChrisPacia You’re talking human side of market - I’m talking machine. A single txn can vary widely in f… https://t.co/iV2FZA077O
@badslinky @ChrisPacia The market only cares about satoshis per byte. On a per-txn basis it does make sense to disp… https://t.co/0AtwsqXdqB
@drwasho 5 satoshis per byte.
@ChrisPacia I don’t track fees in dollars because that’s nonsensical. Our fee estimates fell below 5 satoshis per byte.
Bitcoin fees are so low recently that they fell below BitGo’s fee floor sanity check. Clearly this crisis calls for a hard fork next week!
@Satoshi_N_ Ha, not really, thus the quotes. Could create a hard fork allowing “theft” of suspected Satoshi UTXOs (… https://t.co/vpSHrSnfJV
@kyletorpey “Bitcoin needs banks to accept it in order for it to succeed.” - Some Banker
Expect miners of any Bitcoin hard forks that lack SegWit & strong replay protection to “steal” SegWit UTXOs & pay themselves on the fork.
@francispouliot_ @BitGo @morcosa Not sure what you mean by neutral; what you care about is finding the goldilocks z… https://t.co/FOVCVLByQS
@francispouliot_ @BitGo @morcosa There is public fee estimate data available here: https://t.co/XnzcW5eYMn
This weekend @BitGo undercut the avg txn fee rate by 70% while still achieving near-avg confirmation times. Built upon @morcosa’s work!
“Privacy is a human right; it’s a necessary condition for the exercise of free choice.” - @zooko radiolab.org/story/ceremony/
*Enable receiving direct messages from anyone*
*Deluge of spam about collecting free BTC on shady sites*
*Disable r… https://t.co/eX9kva5psR
RT @morcosa: @LarryBitcoin @lopp @britesense @port8333 Transaction relay was purposefully slowed down (or more correctly the broken prior s…
Interesting data from @port8333 shows that while block propagation times decreased past 2 years, transaction propag… https://t.co/qJrmf3OUfD
I stopped trying to convince people I’m not crazy long ago. All I can do is show them the path I followed. Time is the ultimate vindicator.
@InkyMaze Probably not unless you’re a contributor to crypto projects. We like to see that folks have spent time wo… https://t.co/rVa2cMaQcY
@Anderskargaard Probably not at this stage; I think the industry will need to be much larger before we expend much… https://t.co/XMKIT3O5Le
@sertano_io Remote positions are possible, though the bar tends to be set higher for remote candidates.
Are you a top tier engineer who’s ready to go full time crypto? Message me to chat about our opportunities!… https://t.co/WjQIxMmHvG
@maraoz Whichever one is more cypherpunk.
@SatoshiLite A /u/ydtm post? Even /r/btc is laughing at this foolishness. pic.twitter.com/UFLtz98u7t
murchandamus Some are calling BCC a clean split. It’s not. Its replay protection is wasteful and requires every Bitcoin user to become active.
@legalpark @barrysilbert @avc @fredwilson There’s a progress indicator on coin.dance/blocks
@barrysilbert @avc @fredwilson SegWit is not activated on Bitcoin yet. It will take several more weeks to lock in S… https://t.co/lqMRhFqthC
BIP91 enforcement is now activated. Any blocks not signaling SegWit on bit 1 will be rejected.
@jimmysong Looks like Canoe fixed their signaling. Maybe they read my email. 😃 https://t.co/9FVMi5NxAn
@VentureCoinist Ah, that would make more sense.
@VentureCoinist Almost certainly not a retirement account - the Rothschilds are billionaires.
They bought not-bitcoins at a 50% premium over the real asset? May have missed the point. https://t.co/FDHeWG6l6f
100% of trailing 144 blocks signaling SegWit on bit 1.
Enforcement begins in 46 blocks.
To the moon! pic.twitter.com/QOPIHRA8lk
@BLOCKNINETYNINE @BitGo Bitcoin never sleeps.
While I’m employed by @BitGo, those duties are superceded by my other employer: Bitcoin.
@robustus @olivierjanss @ryanxcharles Okey dokey. ¯\_(ツ)_/¯
I mean, your vision could be “try to interpret Satoshi’… https://t.co/uabbz6nlFy
@The_crypto_kid Well the fundamental problem is that you can’t stop people from doing risky things.
@bradmillscan That’s a great question; would require a fair amount of research to answer.
@olivierjanss @ryanxcharles Let’s be clear: Satoshi’s vision is irrelevant. Your own vision is all that matters.
@windsok 6.5 hours in 2013 https://t.co/pKPI5ldfSU
@Ni3lsBR There have been a few hours of “downtime” in 8+ years when the network was unreliable due to chain forks.
Bitcoin is relentless: it knows no time zones, nights, weekends, or holidays. It ignores arbitrary rules enforced a… https://t.co/CCgHrhk522
RT @WeRateBitcoiner: Meet @iang_fc. A Seasoned Cryptographer. Did early work on ricardian contracts & triple entry book keeping. A very app…
Beware those seeking to impose top-down control of Bitcoin. To resist capture by nation states, it must be built upon bottom-up consensus.
Freedom is inversely related to the efficiency of available surveillance systems. As such, improvements to privacy grant us greater freedom.
@tobybray I’d take whatever your normal confirmation requirements are and quadruple them.
@benaliA94 A hard fork can happen at any time for innumerable reasons, though BIP91 enforcement can’t cause a hard fork.
@LaurentMT That’s my understanding.
Due to potential disruption this weekend (if some miners don’t enforce BIP91) it’s recommended to require high # of confs when receiving BTC
@CephasSerhat Anything can be changed, but the primary problem is that it activates in a week. Not enough time to m… https://t.co/mptWQQbt8J
@Kediri_020 BCC won’t be overloaded because it has larger blocks. But Bitcoin holders will unintentionally “lose” t… https://t.co/w6Az8Bs1Uc
Bitcoin Cash is a non-starter b/c it requires adding special OP_RETURNs to every Bitcoin mainnet txn to prevent rep… https://t.co/piJukzho8C
@manan19 @zooko I’m referring to bitcoincash.org which as fas as I can tell is not sarcastic.
@zooko Haven’t you heard? Folks are finally forking off August 1! pic.twitter.com/AVRGegAXEf
@Eng_HishamAdel Around August 20th or so https://t.co/iUsT7K7yyZ
@Eng_HishamAdel 0% chance of activation before August 1 if you want to be technical. However, BIP148’s August 1 dea… https://t.co/rpfvvUbQ4N
97% of the trailing 70 blocks are signaling SegWit on bit 1 (BIP 148)
82% of the trailing 144 blocks.
Enforcement b… https://t.co/UyvCz8gdU6
“Free time” is an oxymoron. All time must be spent; all time has an opportunity cost when spending.
Been saving this 23 year old bourbon for when we made Bitcoin great again. It’s time. pic.twitter.com/dIiZWbmd5e
@bendavenport Face feeling ripped!
@kyletorpey @coindesk GAWsome!
This @lightning wallet looks suspiciously like real software rather than vaporware… 🤔 https://t.co/myaFhjypSQ https://t.co/huHabWDAuf
It appears that somebody’s trying to jump start the fee market on @litecoin today… 😬
Bitcoin conspiracy theorists are having a really rough time right now, trying to maintain logical consistency among… https://t.co/k6Ed2UWciI
RT @sysmannet: https://t.co/xW3trBUwtb
@BitFuryGroup @starkness Enjoy !