Gold collapsing. Bitcoin UP.

cypherdoc

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Aug 26, 2015
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i just wanted to comment on the whole anonymity argument that BTC/BCH uses to try and discredit the BSV "legally compliant" approach. one of the reasons they use to justify capping the blocksize is that various optimizations, like enhancing anonymity protocols (like Schnoor and mixing), need developing before any blocksize increase will be allowed. well, one of the earliest arguments i ever made years ago, based on Kristov Atlas's security book many years ago now, was the concept of security by obscurity. this has different meanings depending on who you ask, but Kristov's definition had to do with gaining, if not outright anonymity, real privacy as the protocol scales to millions/billions of users. certainly BSV is trying to add millions/billions of users and their tx's as fast as possible via the blocksize increases it's already made and finally by removing the limit altogether come February. and we've seen tx growth as a result. as more and more users come onboard we get to a point where it's just not possible to single out every marijuana buy on every single street corner. police only have so many personnel, so many jails, and a certain budget to only go after the big criminals while having to get off their butts to do so . and i think you'll still be able to donate to a Wikileaks if you want. thus, you get lost in the crowd as long as you're not doing anything egregious. point being, you gotta scale fast and big asap. while BCH talks about having talks and drags it's feet in lifting the limits, BSV is letting it rip; as they should.
 
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bitsko

Active Member
Aug 31, 2015
730
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What is easier to find; a sewing needle in a haystack or a heroin needle in a stack of heroin needles?
 

cypherdoc

Well-Known Member
Aug 26, 2015
5,257
12,995
i just wanted to comment on the whole anonymity argument that BTC/BCH uses to try and discredit the BSV "legally compliant" approach. one of the reasons they use to justify capping the blocksize is that various optimizations, like enhancing anonymity protocols (like Schnoor and mixing), need developing before any blocksize increase will be allowed. well, one of the earliest arguments i ever made years ago, based on Kristov Atlas's security book many years ago now, was the concept of security by obscurity. this has different meanings depending on who you ask, but Kristov's definition had to do with gaining, if not outright anonymity, real privacy as the protocol scales to millions/billions of users. certainly BSV is trying to add millions/billions of users and their tx's as fast as possible via the blocksize increases it's already made and finally by removing the limit altogether come February. and we've seen tx growth as a result. as more and more users come onboard we get to a point where it's just not possible to single out every marijuana buy on every single street corner. police only have so many personnel, so many jails, and a certain budget to only go after the big criminals while having to get off their butts to do so . and i think you'll still be able to donate to a Wikileaks if you want. thus, you get lost in the crowd as long as you're not doing anything egregious. point being, you gotta scale fast and big asap. while BCH talks about having talks and drags it's feet in lifting the limits, BSV is letting it rip; as they should.
in support of what i said above, if Bitcoin was so traceable to the point of gvt being able to lockdown even the most basic rights of p2p transacting, why are they complaining so much? like they've been doing ever since Bitcoin was conceived 11y ago? IOW, there's no need prevent blocksize scaling in the name of needing to increase anonymity via anonymizing apps, Schnoor, and/or mixers, etc. certainly they help (but are they necessary?) they won't be a game changer as long as you're doing the basics of not reusing addys, not publishing pubkeys online, not combining addys into single tx's, etc etc:

https://www.zerohedge.com/crypto/fbi-warns-crypto-significant-problem-will-get-bigger-and-bigger
 
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cypherdoc

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Aug 26, 2015
5,257
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@Mengerian

what a fricking disappointment:

[doublepost=1573314240][/doublepost]the only thing unreasonable is when people start thinking they're reasonable while everyone else is unreasonable.

the point about removing the limits is that bsv'ers understand that no one can preordain what is reasonable vs unreasonable when it comes to technological progress and the amount of fiat money that will be printed to allow it to happen. like very few people, if any, could've imagined what the internet has grown to virtue of the fact it was unlimited both technologically and economically. Bitcoin is struggling to unleash itself but has found a home in BSV.
 
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cypherdoc

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Aug 26, 2015
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Vin continues to make the classic BCH mistake of assuming that blocksize could be raised years down the line come the approach of the limit. hogwash. with the growth of consistent blocksizes approaching 32MB, come a hoard of anti-BCH trolls muddying the debate further effectively ossifying the protocol. in fact, i suspect we're already seeing a version of this in BCH; i don't think @deadalnix will ever increase the blocksize until and if he gets paid more.
 

cypherdoc

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Aug 26, 2015
5,257
12,995
like I've said a million times, only a few will make it all the way to the finish line. >>>98% will lose money. I never thought it would be this bad though for OG's.
 
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cypherdoc

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Aug 26, 2015
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yet another example of how smart ass yet economically ignorant devs, like that Ricardo Spagni (buddy of Greg Maxwell) and Charlie Lee , have failed to understand even the basics of PoW mining and thus Bitcoin in general. and you wonder why I am so down on most of them (not all):

https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0
[doublepost=1573446480,1573445624][/doublepost]this is the best part:

"This strategy underestimates the ability of talented hardware designers to quickly incorporate functionality into a chip design. It is almost certainly possible for a highly skilled chip designer to master a development process that can incorporate whatever pattern will inevitably develop for Monero’s proof of work changes. This will force a small, tightly guarded group of Monero developers to attempt a high stakes, highly secretive game of cat and mouse to hide their algorithm plans, with huge financial incentive for any member of this group to violate this circle of trust and leak information to chip builders. The criticality of this group’s decisions and the extreme trust placed in them are not good characteristics for a permissionless world currency, and arguably creates a centralization risk more severe than the risk of miner centralization."
[doublepost=1573446860][/doublepost]Coinbase needs to listen to their own words as they pertain to BSV:

"As digital assets mature, participants have to ask themselves if the industry is going to be secured by hobbyists running old laptops in their homes, or if it will become, like nearly every other consequential endeavor in human history, pushed forward at scale by large, self-interested groups of people investing significant resources. Every at-scale, professional industry utilizes specialized equipment — it is naive to think that cryptocurrency mining will or should be any different."
 
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cypherdoc

Well-Known Member
Aug 26, 2015
5,257
12,995
Pacia must be pissed as hell.
[doublepost=1573522129,1573521292][/doublepost][doublepost=1573522333][/doublepost]At this point I don't think random schmoes who would allow just any transaction are getting a lot of blocks. The people who have made a major investment in hashing power are doing the math to figure out which tx are worthwhile to include because block propagation time (and therefore the risk of orphan blocks) is proportional to block size. So at this point I think blockchain bloat as such is no longer likely to a problem, and the 1MB limit is no longer necessary. It has been more-or-less replaced by a profitability limit that motivates people to not waste blockchain bandwidth, and miners are now reliably dropping transactions that don't pay fees.