@hudsonjameson @XTC0r Cheers! pic.twitter.com/CCrfgFkUB8
@hudsonjameson @XTC0r Might I suggest a fine set of soapstones for the gentleman? smile.amazon.com/Beverage-Chill…
@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..twitter.com/i/web/status/8…Ky
@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. twitter.com/coindesk/statu…
@richcollins @el33th4xor That @jimmysong fellow has been on point lately.
@brianchoffman @openbazaar Did somebody say “decentralized darknet market?” pic.twitter.com/2yE1MoKYO4
@Jack_Zampolin @grafana That’s my @bitcoincoreorg fork - you can view it and learn more at statoshi.info
jimmysong I just published “A Gentle Introduction to Bitcoin Core Development” medium.com/p/a-gentle-int…
The size of Bitcoin’s UTXO set has shrunk by 1% in the past 2 weeks. Lots of consolidations as folks prepare for co..twitter.com/i/web/status/8…Np
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 ⚡️🧠➡️⚡️ 👄
Great presentation by @roasbeef on the shortcomings of Bitcoin SPV Clients and how we can address them. youtube.com/watch?v=7FWKc8…
@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..twitter.com/i/web/status/8…45
@khannib Should probably clarify that you mean native addresses - I’d bet most consider P2SH wrapped SegWit outputs as “SegWit outputs.”
WeRateBitcoiner Meet @rusty_twit. The Open Source Citizen. Found a home in Linux and Bitcoin. He’s as funny as he’s experienced. No..twitter.com/i/web/status/8…hH
Time is our scarcest resource! People who spend money to buy themselves time report greater life satisfaction. nytimes.com/2017/07/27/sci…
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..twitter.com/i/web/status/8…Dj
@alexbosworth @santisiri @starkness @twobitidiot @zooko @coindesk Is there a writeup of how it functions? Is it pay..twitter.com/i/web/status/8…P3
If your takeaway was that there is no way to improve SPV technology, you must have stopped reading before page 13. 😉 coindesk.com/spv-support-bi…
@richcollins I’m unaware of any implementations that support complex indexing or caching; I’m sure you could get so..twitter.com/i/web/status/8…qG
@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..twitter.com/i/web/status/8…dI
@zooko @coindesk Would simultaneously solve a number of DoS vectors, though it comes with a bootstrapping chicken &..twitter.com/i/web/status/8…MN
@zooko @coindesk IMO it would be really cool if your full node earned micropayments for serving data & paid to rece..twitter.com/i/web/status/8…J9
@_drgo @twobitidiot Not really possible to answer this question because there is no market for SPV access - it’s cu..twitter.com/i/web/status/8…t3
@TradeBlock Um, I think your block explorer died. tradeblock.com/bitcoin/
@lightcoin @dgenr818 I provided the entire range and linked to my calculations docs.google.com/spreadsheets/d…
@dgenr818 @lightcoin 500X is the high end - note that I provided graphs for how the cost of operating BIP37 servici..twitter.com/i/web/status/8…JH
@_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..twitter.com/i/web/status/8…VT
My main conclusion is that we should strive to keep full node disk I/O reqs below what a single drive can sustain. coindesk.com/spv-support-bi…
@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..twitter.com/i/web/status/8…fg
@bendavenport @coindesk Right, but that’s how nodes operate today - no shared disk IO. Would become incredibly more..twitter.com/i/web/status/8…Gx
@bendavenport @coindesk More conns per node means each SPV client has “more time” to sync, but the total amount of..twitter.com/i/web/status/8…yW
@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..twitter.com/i/web/status/8…lY
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..twitter.com/i/web/status/8…mc
@ndrchvzz @jgarzik @lightcoin @DJohnstonEC Speed up block times to the point that we run out of block subsidy much..twitter.com/i/web/status/8…19
@ndrchvzz @jgarzik @lightcoin @DJohnstonEC If you consider extension blocks to count then they could create inflati..twitter.com/i/web/status/8…yt
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 truthcoin.info/blog/protocol-…
@jgarzik @lightcoin @DJohnstonEC I suppose my point is that if we’re talking adversarially, soft forks can’t be avo..twitter.com/i/web/status/8…rZ
@jgarzik @lightcoin @DJohnstonEC Perhaps my question would be more clearly stated as: how would you automate hard f..twitter.com/i/web/status/8…p0
@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..twitter.com/i/web/status/8…gZ
@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..twitter.com/i/web/status/8…Qb
@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..twitter.com/i/web/status/8…aQ
@DJohnstonEC @jgarzik To be fair, there is certainly the possibility of coercive soft forks being deployed upon the..twitter.com/i/web/status/8…rA
@DJohnstonEC @jgarzik This is an odd argument to make with regard to SegWit because you have to opt-in to use it; s..twitter.com/i/web/status/8…Ul
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 blog.bitgo.com/bitgo-wallets-…
@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..twitter.com/i/web/status/8…0k
@GeorgeAHallam @iurimatias @TuurDemeester @pierre_rochard To be clear, datadir on a fully validating archival node..twitter.com/i/web/status/8…SM
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..twitter.com/i/web/status/8…II
@Quaison That’s a weird correlation!
According to Ethernodes the Ethereum node count has dropped by 29% in the past month. Coincidence? ¯\_(ツ)_/¯..twitter.com/i/web/status/8…gn
@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..twitter.com/i/web/status/8…u1
@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 coindesk.com/bitcoin-the-tr…
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..twitter.com/i/web/status/8…3v
For the past 3 days Ethereum’s blockchain has grown 2 GB per day - 14 times faster than Bitcoin’s blockchain…twitter.com/i/web/status/8…2w
@timoncc Did you exclude empty blocks? :-P
Fingers crossed that @realDonaldTrump brings equality to military by banning cisgender folks too. #BitcoinsNotBombs nytimes.com/2017/07/26/us/…
@oleganza Hanlon’s razor slashes again!
coindesk BREAKING: .@wizsecurity releases new report on Mt Gox-BTC-e connection blog.wizsec.jp/2017/07/breaki…
In Soviet Russia, crypto exchange hacks YOU. twitter.com/kyletorpey/sta…
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..twitter.com/i/web/status/8…GL
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..twitter.com/i/web/status/8…XZ
@badslinky @ChrisPacia Gotcha; I think one of the fundamental misconceptions here is that humans are often deciding..twitter.com/i/web/status/8…Ff
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
@kshitishb I sure will!
I pose to you the inverse holds true. twitter.com/lopp/status/88…
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..twitter.com/i/web/status/8…pD
@richcollins Click “back to dashboard” to see more charts. Next block fees will generally be much higher since ther..twitter.com/i/web/status/8…QA
@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%…twitter.com/i/web/status/8…7H
@richcollins Those estimates are overpaying by a huge amount. Compare and contrast: p2sh.info/dashboard/db/f…
@Paul_Goldstein Fee estimates never stay the same. You can see the historic 6 block fee estimate target here p2sh.info/dashboard/db/f…
@Paul_Goldstein Looks like it confirmed in 16 minutes tradeblock.com/bitcoin/tx/20e…
@Truthcoin @badslinky @ChrisPacia That’s certainly understandable from an economic standpoint; I’m just saying Bitc..twitter.com/i/web/status/8…95
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..twitter.com/i/web/status/8…7O
@badslinky @ChrisPacia The market only cares about satoshis per byte. On a per-txn basis it does make sense to disp..twitter.com/i/web/status/8…qB
@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 (..twitter.com/i/web/status/8…JV
@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..twitter.com/i/web/status/8…QS
@francispouliot_ @BitGo @morcosa There is public fee estimate data available here: p2sh.info/dashboard/db/f…
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..twitter.com/i/web/status/8…sR
morcosa @LarryBitcoin @lopp @britesense @port8333 Transaction relay was purposefully slowed down (or more correctly the bro..twitter.com/i/web/status/8…nv
Interesting data from @port8333 shows that while block propagation times decreased past 2 years, transaction propag..twitter.com/i/web/status/8…fD
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..twitter.com/i/web/status/8…cY
@Anderskargaard Probably not at this stage; I think the industry will need to be much larger before we expend much..twitter.com/i/web/status/8…Le
@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!..twitter.com/i/web/status/8…vG
@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..twitter.com/i/web/status/8…hC
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. 😃 blockchain.info/block-height/4…
@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. twitter.com/inthepixels/st…
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’..twitter.com/i/web/status/8…Fy
@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 vincesamios.com/bitcoins/accid…
@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..twitter.com/i/web/status/8…22
WeRateBitcoiner Meet @iang_fc. A Seasoned Cryptographer. Did early work on ricardian contracts & triple entry book keeping. A very..twitter.com/i/web/status/8…C1
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..twitter.com/i/web/status/8…8J
@Kediri_020 BCC won’t be overloaded because it has larger blocks. But Bitcoin holders will unintentionally “lose” t..twitter.com/i/web/status/8…Uc
Bitcoin Cash is a non-starter b/c it requires adding special OP_RETURNs to every Bitcoin mainnet txn to prevent rep..twitter.com/i/web/status/8…8C
@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 medium.com/@jimmysong/uas…
@Eng_HishamAdel 0% chance of activation before August 1 if you want to be technical. However, BIP148’s August 1 dea..twitter.com/i/web/status/8…4N
97% of the trailing 70 blocks are signaling SegWit on bit 1 (BIP 148)
82% of the trailing 144 blocks.
Enforcement b..twitter.com/i/web/status/8…U6
“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… 🤔 medium.com/@ACINQ/announc… pic.twitter.com/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..twitter.com/i/web/status/8…iI