Gold collapsing. Bitcoin UP.

[freetrader]

Like /u/ABlockInTheChain /u/BowlofFrostedFlakes suggests in the Reddit thread, at least take the talks along and share them, give out some printed copies etc. For bonus marks, bring a compact projector along and present nearby to whoever wants to listen I would ACK a hardware purchase on such an item for this purpose, dammit.

EDIT: got the username wrong

 

[Justus Ranvier]

@freetrader If you mean this post, I can't claim credit for that suggestion.

 

[freetrader]

@Justus Ranvier : yup, I confused the thread OP and the comment poster. Apologies for any confusion

 

[solex]

Due to Air Canada incompetence and the climate of security panics @sickpig's plane never left the runway for our conference. Thanks to onchainscaling his talk is already available as a video on youtube.

 

[Christoph Bergmann]

@Norway

did you get that news? Do you know Stephan Niellson?

http://e24.no/boers-og-finans/bitcoin/terroralarmen-gikk-i-dnb-da-norges-bitcoinforening-aapnet-konto/23793560

 

[freetrader]

I was initially very impressed when Google translated those "832 kroner" to "832 million", but somehow I think they got the numbers wrong on that... or that is a *very* loaded Bitcoin association

 

[Christoph Bergmann]

Yes, it are no million, but kroner. Google's mistake

The story is quiet crazy. The number of violations of citizen rights and basic modern legal principles is incredible.

https://bitcoinblog.de/2016/09/27/terroralarmen-norwegische-bitcoin-stiftung-verliert-bankkonto/

 

[Zarathustra]

 

[cliff]

Due to Air Canada incompetence and the climate of security panics @sickpig's plane never left the runway for our conference. Thanks to onchainscaling his talk is already available as a video on youtube.

I'm about 2/3rds of the way through this video and I have a quick - possibly noob - question:

Is the "warm-up" discovery RE: mem pool a new discovery? Its new info to me, but I don't really know if its new for others.

Also, more videos! This video is well done - good quality sound and picture; overall the presentation gives this non-programmer the feeling that he can follow along (sign of a pretty good teacher, IMHO). I think more of these type videos would be helpful for a lot folks in both understanding some research but also in recognizing that serious knowledge exists beyond the people working on the Core implementation.

Lastly, I'll resume my newsy posts later this week after I get caught up with work (prolly tomorrow) if there are no objections.

 

[Norway]

@Norway

did you get that news? Do you know Stephan Niellson?

http://e24.no/boers-og-finans/bitcoin/terroralarmen-gikk-i-dnb-da-norges-bitcoinforening-aapnet-konto/23793560

Yes, he is a friend of mine and a regular visitor at my meetups in Oslo. I actually wrote most of his answers in the story. The organization is just a few weeks old, and I'm running for Press Contact on the first meeting in a few days.

I coined the phrase "monetary xenophobia", lol!

Story in english here:
https://news.bitcoin.com/monetary-norway-bitcoin-account/

 

[cliff]

Interesting threads here the last few days:

http://8btc.com/forum-2-1.html (in Chinese, but if you use Chrome the site may auto-translate for you).

 

[Justus Ranvier]

One of the things I noticed at the conference is that more than one person mentioned unsolved routing problems, and in both cases I'm not sure if the speaker was familiar with Kademlia.

Any time you want to have an efficiently-searchable distributed key-value store, just use Kademlia instead of reinventing the wheel.

In particular, you could teach Bitcoin nodes to form a searchable key-value store where the values are transactions (possibly also including associated merkle proofs) and the keys are outpoints that appear either on the output side or the input side of the transaction.

 

[lunar]

@cliff
That's quite a mess. any highlights?

 

[freetrader]

While we're on routing:

"Bitfury Lightning Network Algorithm Successfully Tested: French company ACINQ tests Bitfury’s innovative Flare algorithm for routing on the Lightning Network"

https://www.reddit.com/r/btc/comments/54rgti/bitfury_lightning_network_algorithm_successfully/

More info: (worth a read for the ACINQ statements like "TLDR: It kind of works")

https://lists.linuxfoundation.org/pipermail/lightning-dev/2016-September/000614.html

 

[Norway]

Bitcoin Unlimited doing well on Slush Pool:
https://blog.slushpool.com/blocksize-voting-on-slush-pool-ecc5240715c0#.5t3hf8a0u

 

[freetrader]

This ever happen?

[/u/bitfuryorg: Alex Petrov officially ready to open all his exchange account with 3+ year history for F2Pool/AntPool and for Jihan Wu personally. When we can see the all truth.

@SysMan ?

 

[Richy_T]

Due to Air Canada incompetence and the climate of security panics @sickpig's plane never left the runway for our conference.

Probably worried about that swine flu

 

[albin]

I think the most likely explanation is that large professional miners believe that they will become the infrastructure providers for future layer-2 solutions, which is not an unrealistic assumption. For example, Lightning Network benefits significantly in terms of risk profile from mining centralization, which is only magnified by on-chain congestion, whereby large centralized miners are practically guaranteed to be able to enforce their own channels in time. The fairy-tale decentralized Lightning "node" infrastructure being sold to the general Bitcoin public is subject to vastly more systemic risk in the face of choked on-chain capacity.

 

[lunar]

Phew.... there's some fiery chat on r/btc today.

https://www.reddit.com/r/btc/comments/54tqdn/psa_unlike_rbitcoin_rbtc_is_committed_to_allowing/

https://www.reddit.com/r/btc/comments/54t45y/rbtc_jumps_another_shark_after_banning_journalist/

https://www.reddit.com/r/btc/comments/54r5s1/bitcoin_writer_kyle_torpey_censored_on_censorship/


I mean really? how do these guys even have the time to respond to so many comments? It's almost like they have nothing better to do.

 

[freetrader]

Thinking about it for a minute, if I was a "minority voice" big-block supporting miner in China, I might also think twice about publicly support bigger blocks (BIP109) or opposing SegWit (refusing to signal support for it now or when it starts).

I don't think anymore that it's largely a matter of cowardice or shortsightedness. We don't know to what extent big-blockers in China (like @Jihan) have been threatened by Blockstream/Core supporters already. There is a very real risk that if they don't go along, they could face significant repercussions. That's what happens when you significantly lose anonymous mining - it becomes possible to coerce miners under threats of violence, reputational damage etc. Right, @HelloGuy [1] ?

I do believe that this makes it even more necessary to provide a POW fork.

[1] https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-798#post-28361

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