Gold collapsing. Bitcoin UP.

[Dusty]

Thanks @freetrader! I link the video on the right moment for other interested in the Pieter's "err..." moment

 

[cypherdoc]

Gold collapsing. Bitcoin UP.

 

[albin]

Looking back on the discourse at this time in retrospect is making me feel like there's a very huge difference in approach between the camps:

- big / unconstrained / market-determined blocks: let's clearly identify the factors holding us back from scaling up and address these concerns one by one to get where we want to go.

- small / committee-determined blocks: let's fetishize these problems into litmus tests for inclusion into a groupthink club, and never come clean about why we really think what we think, constantly confusing and goal-post switching between small blocks as unfortunate technical necessity vs small blocks as desirable economic parameter.

 

[cypherdoc]

Alan Silbert just tweeted this. my position has always been that as long as the USG can infinitely print money, then the price of Bitcoin is infinite:

[doublepost=1462812214,1462811023][/doublepost]i brought this up, what, a week ago? miners should demand the 2MBHF code before they run SWSF, at the very least. looks like Todd et al haven't even begun to start work on it. Comment 21:

With regard to a hard-fork, I'm in NYC right now actually for a few days to
meet with the other developers who signed the HK agreement to figure out what's
going to go into our hard fork proposal, as well as work on code related to
that, so we're making progress.

https://www.bikeji.com/t/3831

 

[Erdogan]

It can come to a point where pricing in USD is nonsensical. We can always find some other price pair.

 

[cypherdoc]

all this demonstrates is that there are a few idiot coin holders who are willing to expose their pubkeys to try and prove a point. comment 22:

Keep in mind that we already have suggestive evidence that a significant % of
actual Bitcoin holders disagree with Classic's approach to a hardfork:
http://bitcoinocracy.com/-Todd

https://www.bikeji.com/t/3831
[doublepost=1462812896][/doublepost]btw, is someone verifying that the coins are still located at those addresses on bitcoinocracy.com?
[doublepost=1462813070][/doublepost]this is good:

The idea – adding bitcoin as an option for taxpayers – isn’t a new one, though the Zig pilot is certainly one of those cases in which the concept moves from the drawing board to the testing lab.

http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/?utm_content=buffereca9a&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

 

[Inca]

My opendime hardware disposable wallets arrived today. They can in go in my drawer with the Mycelium Entropy.

Here are some snaps.

 

[cypherdoc]

@Inca
is that Jonas Schnelli's project?

 

[Inca]

From the coinkite guys..

 

[freetrader]

Correct. If you sign a message with your ECC private key, then the ECC public key can be derived from the message and signature. It is a public key after all

Any reference links to this (please )?

 

[Inca]

@freetrader :

priv=random_key()
>>> pub=privtopub(priv)
>>> priv
'f326193cb51b47d54b60d867e4742289d04357f4f92b6403443c407dc2b206a4'
>>> pub
'042b8bbe8aefdbd4ec571f5405c189541a1377f256c8847e09ebabf7e8cb67cc677bc114a9db11159094e2d257ac83fe2116f39742a2ff43011c76c67888f6f948'
>>> sig=ecdsa_sign('this is a message',priv)
>>> sig
'HGFusoKdZ7uU/GPP3PiIk/hrD+WNy0K6KDveYoo2A1yOdTJK+u3MWZCnxZr0UeZUeV3c7Zt5ct679ujlO7pGdss='
>>> derived_pub=ecdsa_recover('this is a message',sig)
>>> derived_pub
'042b8bbe8aefdbd4ec571f5405c189541a1377f256c8847e09ebabf7e8cb67cc677bc114a9db11159094e2d257ac83fe2116f39742a2ff43011c76c67888f6f948'

I just made this as a demonstration using vitalik's excellent pybitcointools library..

 

[freetrader]

@Inca : awesome!

 

[sickpig]

 

[Inca]

Today:
Me: 'Bitcoin price is rising again and it could potentially double or bubble higher from here!'
Wife: 'You've been saying Bitcoin is going to bubble for the last two years..sort out the boiler'

Back down to earth

--

Apparently there are 650 users on /r/bitcoin right now. A glance at the front page shows very low comment counts for the front page. I wonder how many bots there are sat inflating the viewing numbers there.

 

[satoshis_sockpuppet]

Does anybody here know what's up with @rocks or had any contact to him?
Haven't heard from him and his big blocks fork for a while and he didn't answer questions.

 

[molecular]

@tynwald
Pieters reaction to the question made me lose tons of respect for him.

Pieter is a very intelligent guy, extremely rational and knowledgable. (I talked to him briefly in the early days at the Prague conference). That's why when I saw that video end of last year it became suddenly clear to me that he wasn't standing behind what he was saying. It was kind-of an aha moment for me. He must've either gotten talked into it (peer-pressured or whatever) or manipulated or coerced some other way.

In the discussions following It became clearer and clearer that SW was an elaborate ploy that would fulfill all kinds of functions (except the claimed one of "scaling", of course) and really at some point it it was settled for me: we were (are!) being played... big time.

 

[cypherdoc]

@molecular

based on what Luke Jr has said, you gotta believe that pwuille is pulling down $350,000-$400,000 per year, maybe more, thru Blockstream. not to mention his Bitcoin incentives and equity options no doubt. the real telling thing for me though is his refusal to even address the community anymore. he's gone into hiding. it wasn't like this before. that tells me he and Blockstream have a well defined agenda that they need to execute.
[doublepost=1462830365][/doublepost]

Does anybody here know what's up with @rocks or had any contact to him?
Haven't heard from him and his big blocks fork for a while and he didn't answer questions.

my guess is that he's totally sold all his coins and the POW fork he was advocating is stalling out. too bad, i miss him too.

 

[albin]

@cypherdoc

That absolutely has to be true about the ballpark of his compensation, even just judging from how much he's jeopardizing his reputation w/ the community yet without a fancy corporate officer job title to hang his hat on.

 

[cypherdoc]

given that Luke said $360,000 was the avg for a core dev, iirc, then pwuille is probably up around $450,000.

 

[albin]

That's a great thing to keep in mind when confronted with the crocodile tears of "volunteer" devs who work on "what they want"!