Gold collapsing. Bitcoin UP.

[cypherblock]

With the Genesis upgrade, Bitcoin SV is no longer broken like Bitcoin Core and Bitcoin Cash are. People will be able to write smart contracts, and with the removal of the standard transaction rules, no longer be limited to P2PK, P2PKH, P2SH and bare multi-signature transactions. There will be no way to say for this sequence of keys these are the transactions I am looking for on the blockchain. It will be impossible for seed based restoration to work the way it currently does. It will simply fail to find your wallet activity.

The article (https://medium.com/@roger.taylor/electrumsv-and-seed-based-wallet-restoration-9b0e7876e0a9 ) is so busy making attacks on Bitcoin Core that it fails to make any real sense.

It was already then case that Seed restoration does not help you recover payments to p2sh addresses (except through guess work). With removal of p2sh, and more transactions that include raw addresses (but are not necessarily simple txs), the identification of transactions that "belong" to a particular wallet becomes easier, not harder. Now figuring out if those txs are coins the wallet actually knows how to spend or not, may be harder, but at least it can determine if it is a tx of interest.

The quoted paragraph at the top makes little sense. If someone makes a tx whose output includes a hashed public key address, then regardless of all the other script elements in that output, if a wallet knows the this is one of its public keys, then it is a tx of interest. The wallet may not have all the info to spend that tx, but at least knows there is a possibility to spend those coins. On the other hand with p2sh, a wallet has NO idea if one of its keys is involved in the tx, (with the exception that very common p2sh formats can be guessed like if the wallet checks to see if any p2sh output is the result of ' hash of : [pubkey] OP_CHECKSIG' where pubkey is one of the wallet pubkeys).

Also, if I recall bitcoin core wallet itself does not use seeds or support restoring from seeds at all (it does use HD wallet but does not expose seed or restore from seed, unless that has changed in recent times). So it is funny to call Bitcoin Core broken in that regard.

 

[cypherdoc]

back over the top:

 

[pafkatabg]

Nice list of speakers - https://coingeekconference.com/speakers/

Thomas Moser seems a little scammy to me. /s
https://www.linkedin.com/in/thomas-moser-70a80b10/?originalSubdomain=ch

 

[carol20]

incredible

 

[cypherdoc]

this guy is getting more dangerous by the minute:

 

[cypherdoc]

lots of anger in here:

https://medium.com/@roger.taylor/the-cost-of-seed-based-wallet-recovery-fe4dda1f0c45

 

[cypherdoc]

https://news.ycombinator.com/item?id=21978328

 

[Christoph Bergmann]

lots of anger in here:

https://medium.com/@roger.taylor/the-cost-of-seed-based-wallet-recovery-fe4dda1f0c45

Hehe, this was directed more or less to me, I was the one telling him that depreciating seeds is a big fuck you to existing users...

Electrum is an open ecosystem. Run a server which serves old clients, and it will work forever. But it would be hard to get the old release and to maintain it...

If you are worried, fund a python developer who maintains electrum...as long as Roger is the only one spending his time on electrum sv, he can define the direction where it goes.

 

[cypherdoc]

is there a place where one goes to get reliable, let alone plentiful, technical info about how the old and the proposed new electrum SV works? despite my distaste for how bitcointalk has handled itself over the years, it remains the go to place for technical and reliable support for BTC wallets. and much of the time, politics are excluded. it's been a problem getting to know electrum SV well, especially since, unlike other electrum projects that do go to the effort of supporting most OS's, the devs refuse to support Linux and don't reliably answer questions either because they think you're too stupid or are doing it wrong. the problem this time around with bsv vs btc at this early stage is that the Bitcoin community has been divided/diluted so much that reliable technical help from other community members network effect, even at the lowly btc price of $0.50, isn't nearly comparable for BSV to what it was for BTC back in the day. we haven't discussed it but this is another fundamental problem with the ludicrous idea of "letting thousands of altcoins bloom". the average guy just can't get enough help. but I'm sure that ideology push has been intentional.
one of the problems I haven't seen talked about with this Roger Taylor's attitude is that he doesn't seem to give a crap about the privacy of existing bsv users who use hardware wallets that rely on electrum SV to interface with their coins. there is so little info about what he's planning with his new 1.3.0 version but it sounds like if you have a HWW, your only choice will be to have to spend your coins to his new format. well, if you have alot of current outputs, that's gonna destroy alot of privacy, not to mention create alot of hassle digging them outta cold storage, if you're one of those hodlers. and if it represents alot of value, it's also dangerous. you can't export or sweep a privkey off a HWW afaik. but again, he doesn't seem to care cuz you're doing it wrong. it sounds like he's a relative noob so I shouldn't be surprised by yet another dictatorial dev. .

[doublepost=1578484610,1578483589][/doublepost]>Electrum is an open ecosystem. Run a server which serves old clients, and it will work forever. But it would be hard to get the old release and to maintain it...

l have yet to be able to setup electrumX to bridge the gap locally between the full node and electrumsv or electron cash. have you tried? once again, I haven't had any luck finding an easy guide.

 

[Christoph Bergmann]

I installed one on a server, it was relatively straight with the guide in readthedocs.electrumx.io (url from memory, maybe you have to google).

Maybe @kyuupichan might help with problems?

I am very thankful to Roger to take the job of wardening electrum sv. Nobody else seems to be willing to do it, and electrum is always an unthankful job, as it is a decentralized wallet for advanced users.

But I agree, his way to answer questions or discussions is far from optimal. I am still curious for version 1.3, maybe it is great.

 

[pafkatabg]

This is why we will have Genesis and BSV protocol changes will stop. We need stable protocol, so apps do not break when protocol devs force changes. I am not happy to see the drama about ElectrumSV and Genesis upgrade - and this re-affirms my wish that base protocol should be set in stone.

 

[cypherblock]

https://news.ycombinator.com/item?id=21978328

How many people here think Craig (nChain) having a 1000 patents on blockchain technology is a good thing?

My take is, it is only good if they are doing it defensively, which there is no indication of. Blockstream (love it or hate it, and I'm no lover) at least made clear their intentions: "Our patent strategy is designed to accomplish one simple goal: ensure that Blockstream technology is available for all to use, royalty-free. The patent pledge is the simplest part and the one that makes our intentions most clear, and so it is the first one we're implementing"

While Craig/nChain's idea seems to be something along the lines of: "If you are using BSV, then maybe we will allow it, but if you try to use it in any other way, then you owe us, or we will sue." In my book that is just awful, especial since software patents in general are awful anyway.

 

[bitsko]

I think it is a good thing as I think that near universality of a ledger has great benefit to mankind.

I also wouldn't term it as 'defensive'.

 

[cypherdoc]

then maybe we will allow it,

he's already said that they WILL allow it as long as it's on BSV .

 

[Norway]

He is free to do whatever he wants with his patents. I think he will let many of them be used for free on BSV to strengthen it compared to altcoins. But he doesn't owe it to anyone.

 

[cypherblock]

"He is free to do whatever he wants with his patents."

Yeah, we know.

But would you rather live in a world where a large entity like nChain owns a ton of patents on a technology your are interested in (or actively developing a business around), or would you rather live in a different world?

 

[Norway]

It doesn't matter if you're for or against patents. Whining about someone inventing something you're not creative enough to invent yourself is not getting you anywhere. The free shit army mentality is not moving the world forward.

Craig Wright is probably going to make you filthy rich, it's unbecoming to ask for more free stuff.

 

[Norway]

All rules should be settings with no default. Force choice at startup.

Looks like your wish came true in the last minute @Zangelbert Bingledack

https://bitcoinsv.io/2020/01/09/genesis-specification-finalized/

I still think infinity should be default, as it will now become the weird and scary option. But I don't think it will be a big problem as miners are understanding their role better.

 

[kyuupichan]

Is today the last chance to buy 2 bitcoins for one shitcoin BAB? The bargain won't last forever.

 

[freetrader]

TAAL (used to be called: Squire Mining) is one of the previously "unknown miners" mining Bitcoin Cash

https://www.reddit.com/r/btc/comments/eml7l9/so_unknown_miner_fezi3_is_taal/