Gold collapsing. Bitcoin UP.

[go1111111]

@go1111111 Mazwell is projecting the end of all block size increases with segwit, it's all moving out off the blockchain.

That's nice, but in the battle of Greg vs. the Bitcoin economy, my bet is on the economy getting its way in the long run.

 

[albin]

As I mentioned in my post, it's trivial to remove the discount in a hard fork.

It's not trivial socially if they succeed in the revisionist narrative that witness discount was the point all along to correct "incentive incompatibility", as opposed to a coincidental result of maintaining compatibility with pre-segwit block serialization.

 

[albin]

Wow Maxwell is truly going full-retard on /r/btc.

All I can glean from his statements about segwit, discount, tx fees, etc. is that whatever he wants is right because reasons, and whatever he doesn't want is wrong because reasons, and if those two things contradict each other, that's not a problem, because you're just a paid shill sockpuppet altcoin pumping devil-worshipping child-molester.

 

[Bagatell]

@albin Bruce Fenton was doing the same on slack earlier.

 

[Dusty]

@albin and @Bagatell
I'm interested in the details but I've really no time to skim through tens of threads, care to bring some samples?

 

[Bagatell]

the dead horses are piling up fast..

I come in peace!

 

[Norway]

I had a weired experience right now. I tweeted an answer to Adam Back, and one second later, it was retweeted by 51 strangers.

I suspect it was a mistake by Blockstream/Core's propaganda machinery. Here is the tweet:

[doublepost=1492899228,1492898527][/doublepost]These are the "people" that retweeted me. One (1) second after my tweet.
[doublepost=1492900212][/doublepost]And after checking 7-8 of these "people", they are pure retweeters. And they retweet the same content!

This is clearly done by an ad agency with a lot more clients than just Blockstream/Core.

 

[albin]

@Norway

That seems plausible that your tweet got picked up on keywords. All the significant words in your tweet look like they could be in a small-blocker talking point.

 

[Zangelbert Bingledack]

So Greg finally admits there is a discount for witness data (relative to now) in Segwit, but of course he has an argument for why it is better. The argument seems to be based on judgments like "UTXO bloat being a bigger problem than witness bloat." If those arguments are true, that could be a good reason for changing the economics (other than, you know, changing the economics), and then the massive benefit to Blockstream would be purely coincidental: he would have found a win-win result for the community and Blockstream. The question is whether the reasoning for changing the discount ratio is sound and - if so - whether it makes it worth changing the economics of transactions.

Whatever the case, we have 76 million reasons for thinking it isn't purely coincidental, prima facie, so his argument had better be way more than handwaving and judgment calls (especially circular reasoning that starts from the premise that small blocks are good).

 

[molecular]

This is clearly done by an ad agency with a lot more clients than just Blockstream/Core.

Would be cool to find out which one it is.

 

[Norway]

@molecular
A way to find the ad agency is to ask many of their obvious customers who they use to boost their twitter presence.

EDIT: I have looked through different bitcoin twitter profiles to see if anybody are boosted by retweets like I experienced. I looked at some Blockstream employees, trolls, even big blockers, but not found any signs of this being done.

But I will keep watching this. If anybody have more than 50 retweets, it's easy to go in and look at the people who did it.

 

[molecular]

@Norway, I made a tweet, exact copy of yours. Didn't get boosted. Probably too late.

 

[lunar]

lots of interesting snippets coming from this account recently. There's certainly a big game going on behind the scenes, will we ever know the complete history?

I suspect very insider CSW info.

good series of tweets 1-9

 

[albin]

I found this hilarious browsing the Blockchain.info / Zeroblock news aggregator (whatever it is now on the desktop):

https://www.reddit.com/r/Bitcoin/comments/674h45/i_once_had_a_proposal_for_a_flexible_block_size_i/

This guy purports to have been a "noob" only 11 months ago, yet practically all he does is pedantically lecture people about blocksize / segwit / Core talking points.

 

[solex]

Another attack vector exploited. Memory exhaustion.

Unfortunately, running with full blocks and a massively bloated mempool is the hardest of conditions for efficient block propagation while allowing flexibility for larger blocks.
A point release is being prepared for this.

In the meantime please try a size like maxmempool=20 in bitcoin.conf
https://gist.github.com/laanwj/efe29c7661ce9b6620a7

 

[Bagatell]

[doublepost=1493060761][/doublepost]
@Jihan Was that your intent?

 

[freetrader]

Curious - another type of attack (some kind of bandwidth exhaustion maybe) ?

https://np.reddit.com/r/btc/comments/67bd00/bu_node_under_attack/

It appears this node,196.40.24.98:41951 (node id: 542) via 127.0.0.1:8333 is attacking my BU node. 4 GB of data sent in the last 4 hours. In my machine, memory usage from mempool is still only 64 MB and growing slowly, while total mem. in RAM from bitcoin-qt.exe is only 400 MB.

Any other BU nodes experiencing this attack?

 

[freetrader]

https://btcmanager.com/the-story-behind-the-asicboost-extension-blocks-scandal/

BTCManager reached out to Samson Mow, but Mow provided no comments. As of 12 April, Samson Mow was appointed CSO of Blockstream.

Accusations without evidence are serious offenses, as they do reputational damage and, done effectively, commit character/company assassination. BTCManager reached out to Gregory Maxwell, but Maxwell provided no response.

 

[Christoph Bergmann]

@Norway
Maybe it is a professional agency having hundreds of twitter-accounts and shuffling them to give covertly retweets?

@everybody
What do you think about the patent issue? I'm thinking about writing about it, but am very clueless if it is relevant at all or not ...

 

[freetrader]

@Christoph Bergmann : it would be interesting to get input from Andrew Hinkes, Esq, about the patent situation. Unless you're a lawyer familiar with this subject matter, I don't think there's much point in speculating.

All we can observe is that there might be a patent war about blockchain patents brewing between orgs like Blockstream, banks and big tech companies, nChain etc.