Gold collapsing. Bitcoin UP.

[79b79aa8]

in the long run the one thing that matters is sustained demand.

 

[torusJKL]

An hour or so ago I had a YouTube notification on my phone from the bitcoin.com channel with the title "Why Bitcon.com is delisting Hex" (or very similar).

But now the video is private.

 

[cypherblock]

>As far as I know, Craig was the first one to point this out.

No, that's not true. it was pointed out before in an academic paper.

I think mit; co authored with Narayanan, iirc.

Link to paper: http://randomwalker.info/publications/mining_CCS.pdf

 

[cbeast]

Is it wrong to call Roger Ver Hex Jesus?

Judas Hex might be appropriate if DC Comics doesn't object.

 

[cypherdoc]

Link to paper: http://randomwalker.info/publications/mining_CCS.pdf

sorry. Princeton.

 

[79b79aa8]

several illuminating points about POW and finance by @digitsu.

 

[bitsko]

blockstream supposedly mines as of august '18 though

https://www.google.com/amp/s/www.coindesk.com/blockstream-launches-bitcoin-mining-farm-with-fidelity-as-early-customer?amp=1

 

[cypherblock]

several illuminating points about POW and finance by @digitsu.

LOL WHAT?? He is claiming that Coingeek "did not grant themselves any ‘founders stock’ before they went public.". Did Coingeek hold zero BCH before the split? He calls out ETH for issuing ETH for BTC held. How is splitting a blockchain different? Before the split they held BCH (assumption), after split they held BCH and BSV. It doesn't matter which chain you think of as 'original'. BSV actively made the split occur. Sure maybe they put in more $ for mining than what they held in BCH before split, but still, they for sure had coins (or share their holding stats if you have them).

Then there is CSW. Ok, well if you assume he is Satoshi, then sure you can say he earned his BTC. But BCH and BSV? Well I'm not so sure that you can say those were earned, except for BSV which he 'earned' by forking. That's a different kind of earning.

"And if the founders have a disproportionate amount of the platforms native coins, then it is normally a sign that they are excessively ingratiating themselves via the project that they are promoting. Effectively paying themselves for their own promotional efforts. Yes, this has a lot of similarities in how Ponzi scheme incentives work as well. Funny that.
"
Um, CSW, if you believe he is Satoshi, has maybe 1M BTC, BCH and now because of the split he helped initiate, BSV. He owns a disproportionate amount of the native coins. He is definitely paying himself for the promotional efforts and stands to gain huge amounts if those efforts succeed. Best of all he gets his friend Calvin to foot the bill on the mining equipment.

This article is typical crypto tribal bullshit. Basically saying "everyone else is wrong, and corrupt except for us". BTC maximalists do it all the time. Jerry is just pulling from that playbook. Move along and focus on your own shit without calling everyone else bad.

 

[79b79aa8]

i spoke about POW and finance.

 

[cypherblock]

What were the illuminating points in that post?

 

[AdrianX]

It doesn't matter which chain you think of as 'original.' BSV actively made the split occur

This is an illuminating assumption, BCH forked on a schedule without universal support. Their argument was, we once had widespread support and still do so we’re forking on the scheduled date like it or not.

The fork happens as a result of a conflict over how changes to the protocol are governed. ABC vs BSV is a principled one, do developers lead or not.

That's why the split occurred. Not because BSV wanted to split.

 

[cypherdoc]

what's also illuminating is their suspension of all further blocksize increases.

 

[freetrader]

BCH forked on a schedule without universal support

There is never any "universal support" for anything. We learned that from the Coreans.
Way before the SV crowd, they showed us someone can make anything controversial.

The fork happens as a result of a conflict over how changes to the protocol are governed

Now you're being a little more truthful.
BSV forked off because they didn't like it, stiff.

Go in peace, back to v0.1
[doublepost=1576781192][/doublepost]Or as cypherblock said:

Move along and focus on your own shit without calling everyone else bad.

 

[Otaci]

As I recall, the changes were:

* re-enabling more opcodes - wide support
* increasing block size - uncontroversial, wide support
* increasing the number of opcodes per script - uncontroversial, wide support
* CTOR - broad resistance and condemnation
* OP_CHECKDATASIG - some support, worth a split?

So, universal support? For the first three, definately.

 

[Zarathustra]

Or as cypherblock said:

"Move along and focus on your own shit without calling everyone else bad"

Then why is your focus on our shit instead of yours?

 

[kostialevin]

"Change the default hard limit on the block size to infinite"

Finally!

https://bitcoinsv.io/2019/12/20/bitcoin-sv-genesis-hard-fork-specification/

 

[Norway]

Good to see the sunset of P2SH Feb 4th and not postponed to another upgrade!

 

[duck]

Major exchanges like Bitfinex start to support for LNX

Bitcoin Lightning Network White Paper https://lightning.network/lightning-network-paper.pdf
Bitcoin Lightning Network Price, currently pegged 1:1 to Bitcoin Core (BTC) as lightning is much more active price want be same for long
Bitcoin Lightning Network trading ticker "LNX"
Bitcoin Lightning Network Nodes https://peernode.net/
Bitcoin Lightning Network code https://github.com/lightningnetwork/lightning-rfc
Bitcoin Lightning Network Wallets https://www.bitcoinlightning.com/the-best-bitcoin-lightning-network-wallet-2018-review/
Bitcoin Lightning Network validation https://brettmorrison.com/running-a-bitcoin-lightning-full-node-on-raspberry-pi
Bitcoin Lightning Network Exchange https://support.bitfinex.com/hc/en-us/articles/360039801053-Lightning-Network-BTC-LNX-Deposits-Withdrawals
Bitcoin Lightning Network Block Explorer https://www.blockonomics.co/#/search?q=bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9
Bitcoin Lightning Network Fees LNX ~$0.09 (BTC ~$0.53) Dec 17, 2019
Bitcoin Lightning Network Top Channel Count https://1ml.com/node?order=channelcount
Whale providing majority of nodes https://twitter.com/lnbig_com


By any definition LNX is a altcoin

• Has owe whitepaper
• Has own hardware
• Has own software
• Has own tech
• Has own dev
• Has its own nodes
• Has its own address format
• Has its own markets
• Has its own use case
• Has its own ticker
• Has no blockchain and not going back to 2009
• Its a segregated network from Bitcoin
• Does not need BTC to lock transactions, can use other altcoins
• Does have own price, (currently locked 1:1 to BTC)
• Has its own wallets
• Has fees different to BTC fees
• .............
  
  
  If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

 

[cypherdoc]

from it's beginnings, i made the point that there is every reason to believe Blockstream would make an attempt to cut ties with the BTC network and establish LNX as it's own coin.

 

[Christoph Bergmann]

Ah, I love lnx. Having btc in electrum (developer version) and than on bitfinex a second later is awesome, say what you want. This news made me somehow enthusiastic for lnx.

So, genesis is coming. Now a few days or weeks if worrying if one of the billions of exploits we have been told this should have will materialize. If not, nchain deliverered, produced what bitcoin unlimited was meant to produce before they bend the knee to 2mb give me money Amaury, and we have the bitcoin we always wanted to have.

Sad that @theZerg, @sickpig and @Peter Tschipper will not be able to celebrate that what they worked for since 2015 finally becomes reality.