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I would trade it on cryptsy all night long. That last quote reminded me of an interview with Bitcoin Magazine last year with Vinay Gupta: As noted above, there is actually no encryption used in Bitcoin.
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Bitcoin addresses and hash numbers explained Its a MAD mutually assured destruction kind of tactic that is crazy enough to balance out the disparity in power between client and miner.
I say have it in place, at least. Might make some selfish asshole miners re-think their shortsighted strategy. Blocksize is a distraction. The real argument is off versus on-chain transactions. Even Jihan Wu is admitting it in his latest Weibo post.
BU is not a block size increase Someone needs to explain to Jihan how segwit will increase miner revenue. I don't think there's anything mutual about it.
Making this kind of threat only discredits Core and makes BU success more likely. One is self defense, the other an attack.
As Gavin Andreson put it, "The miners are not idiots". You've got to be kdding. I found that the HF future contract of Bitfinex is very unfair against big blocker. No it really wasn't. It doesn't say that anywhere. He knows he will lose money if he does this, he's not an idiot. If Jihan is threatening to fork the chain, it is prudent to get a PoW change ready in case he follows through. Check deepbit bitcoin address organizational structure history, I'm no shill.
BU is not a block size increase. It could even be a decrease. BU says that miners have to collude, out of band, to control block size. Indeed, it encouraged collusion in the protocol specification.
It is the worst possible solution to scaling. Deepbit bitcoin address organizational structure can't believe a comment this bad is somehow at the top. Like this is actually incredibly mindblowing.
Newsflash the miners don't care about blocksize they're worried LN will steal their business! Bitcoin by design expects every actor to act in a profit maximizing way. If you aren't aware of this then maybe Bitcoin isn't for you. Btw, increasing the blocksize doesn't mean they have any more control. They still cannot increase the blocksize more then nodes are willing to allow them. Trying to block that, and ridiculously insisting on a naked block size increase with zero protections.
No, there will be no HF simply to increase block size. There never was going to be, also for damn good reason. I'm not pro BU by any means. Check my comment history if you think I'm trolling but how does changing POW and not following the most prevalent chain not constitute an attack itself?
Isn't following the longest chain the whole point of bitcoin? Wouldn't it be bitcoin core with the new POW that would constitute an altcoin regardless of who's right and who's is wrong in the scaling debate? It would be rejection of the mechanism that has been trusted to keep Bitcoin's rules enforced until now. It's just a contingency plan in the event of a serious attack. If BU parts away "peacefully", pulling its mining support from the bitcoin network and onto deepbit bitcoin address organizational structure BU network, then Bitcoin could continue just fine.
See Grammar Errors for more information. Imbeciles sure that's why miners who have invested the most into bitcoin Reddit karma and twitter followers don't count, Core are increasingly signaling for it instead of segwit.
Because they're selling miners control of bitcoin. The majority of nodes, and all talented devs, and actual technical experts agree with core over BU. How else is bitcoin controlled in theory if not through hash power voting in self interest for bitcoin deepbit bitcoin address organizational structure to run? Consensus between nodes, devs, miners, and users. The system is designed so an interest group can't just take control of bitcoin. This is the fundamentally most important aspect of bitcoin.
If you change the POW and the new set of miners decide to change the consensus rules, what happens then? I don't think it would come to that, but deepbit bitcoin address organizational structure, there'd be another PoW change. After a few PoW changes confidence is gone and Bitcoin is dead, but opting not to PoW change means that Bitcoin is dead anyway.
So you keep doing it until there's nothing left. But, I actually am a lot more optimistic than that. If we had to PoW change a second time, we'd do it in a way that made a third attack much harder. I suspect this will be the eventual solution. Jihan and some others have been convinced that segwit will take away all of his money and power.
An act of desperation by Core to keep their chain up and going after BU forks. They know they will lose all the hashrate when it splits and it will leave their chain dead in the deepbit bitcoin address organizational structure. This is the only option for them. And IMO it wont work.
An act of desperation that will only be used in desperate times eg: Lord Naoshige said, "The Way of the Samurai is in desperateness. Ten men or more cannot kill such a man. Common sense will not accomplish great things.
Simply become insane and desperate. Core chain will be unusuable and it will be under attack from BU miners so I doubt deepbit bitcoin address organizational structure will survive for long. Core with the old PoW would have virtually no hash rate or users at that point, it would just die. You don't need Deepbit bitcoin address organizational structure change if network forks: You do need it if miners on the other fork decide to attack the USAF chain with 0-byte blocks.
Don't you need a POW change to remove the viable threat that can be wielded over the attackable chain? Deepbit bitcoin address organizational structure, as it would also punish a few compliant miners. But the deterrent effect is what's most important. They can mine BTU. And they will, but this will deepbit bitcoin address organizational structure all miners, because the price of a BTU will be cutting in half at least.
And if it doesn't happen, BCU tokens will be destroyed. So this is not an accurate depiction of BTU at all. It would be after the fork happens.
I would make the market in another currency that is minimally correlated with the outcome. Are there any centralized prediction markets using tether?
Yes, and the exact same thing happens if the fork happens too. I would not reference this as the market deciding until after a fork happens, like I said. And I probably wouldn't guarantee which side gets the BTC ticker, it's way too soon.