User:Theymos - Bitcoin Wiki

The very objective article "Bitcoin is not ruled by miners" on the "bitcoin wiki" was added by theymos on 8th of August this year. Nothing strange to see here, just an objective, encyclopedia-quality overview!

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Theymos acquired the bitcoin.it wiki from Karpeles

Theymos acquired the bitcoin.it wiki from Karpeles submitted by -Mahn to mtgoxinsolvency [link] [comments]

Cobra-Bitcoin's grief over Bitcoin Cash is finally over

Cobra-Bitcoin's grief over Bitcoin Cash is finally over submitted by solitudeisunderrated to btc [link] [comments]

Greetings /r/Bitcoin! Some information for the newest among you!

Hello there,
The community is entering a new phase of Bitcoin with media attention, price action, and of course subreddit activity.
We wanted to post a thread with some general information/resources to help the newbies navigate this new activity along with providing a space to ask questions.
You have questions about Bitcoin? This entire thread is dedicated to exactly that!
Before we dive in, I highly suggest reading theymos 's thread on reckless investing.
I’d like to stress that Bitcoin is not a get rich quick scheme.
Our previous FAQ that has some useful links.
The Bitcoin Wiki FAQ in the sidebar.
Bitcoin resources for the newbie and advanced techies alike.
Welcome from your friendly neighborhood moderators and feel free to post questions below.
We will do our best to answer some and I'm sure our more seasoned community members will join in to help.
HODL on friends.
submitted by gonzobon to Bitcoin [link] [comments]

I recently recounted the history of the block size controversy for someone and thought I'd repost it here

Bitcoin development was initially led by an anonymous figure named Satoshi Nakamoto who created the project "Bitcoin: a Peer-to-peer Electronic Cash System"
The project mostly languished in obscurity until in late 2010 it was revealed that Bitcoin was being used to evade the ban on Wikileaks contributions. (A good summary of Bitcoin's early history can be found here.)
Satoshi was opposed to Bitcoin being used for something as controversial as funding Wikileaks, and in one of his last messages, wrote "It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us." (link). Satoshi vanished shortly thereafter.
When Satoshi disappeared, he left the project effectively in the control of Gavin Andresen, one of the early contributors to the project. Gavin has been characterized as something of a naive academic. It wasn't long before Gavin had been approached by the CIA and agreed to visit and do a presentation. So we know that Bitcoin was on the CIA's radar by 2011.
Bitcoin-as-introduced had an Achilles heel. To prevent a specific kind of denial-of-service attack, Satoshi had added a "block size limit" to prevent flooding attacks. Satoshi's plan was to raise the limit as usage increased. Satoshi and the early Bitcoiners such as myself did not envision that the limit might itself be a vulnerability. A near-complete history of the block size limit controversy is here. I'll attempt to summarize my experience with some references.
Now it's almost 2020, and by now we've all become much more attuned to the scope of what three-letter-agencies have been doing to manipulate social media platforms. But in 2012 that was tinfoil-hat stuff across most of the internet.
In 2012, the Bitcoin subreddit was one of the key places people went for discussion about what was happening in Bitcoin. That, and the bitcointalk forum. The history of what happened has been well documented with sources in places like here and here.
The TLDR is
Throughout all of this, Blockstream steadfastly argued that it didn't control the Bitcoin Core software. Blockstream pointed to Chaincode Labs who funded several key bitcoin developers and the MIT Media Labs "Digital Currency Initiative" who funded Gavin, Cory, and Wladimir. Gavin and Wladimir in particular had the authority to merge changes into the Bitcoin Core software and as such effectively could decide what did and did not go into the software. As an ostensibly academic organization, Gavin and Wladimir etc could act with intellectual honesty and without coercion.
Except Gavin left the Digital Currency Initiative in 2017, saying that while he wasn't pressured to quit, he "didn't want to feel obligated to any person or organization."
Fast forward to 2019, and we learn the fascinating news that the MIT Media Labs were funded in part by none other than Jeffrey Epstein, who it turns out just so happened to be a staunch advocate of the Blockstream approach. So really, Bitcoin development was corralled: Blockstream was paying a bunch of devs, and Blockstream-Friendly MIT Media Labs were paying the others.
If you're still reading this, you probably wonder what it is about the Blockstream strategy that is so "bad." Aren't they just proposing a different way to solve Bitcoin's problems?
The original idea for Bitcoin was a "peer to peer cash system" - - the idea being that if Alice wants to buy something from Bob, she can just give him some tokens - - just like cash.
The new vision of bitcoin promoted by Blockstream and Core is "store of value". Under this model, you buy Bitcoins like you might speculate on gold - you buy some and you hold it. Later, if you want to purchase something, you sell your Bitcoins for some other payment method (or use an IOU against a deposit, just like a bank), and use that for purchases.
It should be apparent after a moment of thought that the original concept (Alice hands Bob some cash which Bob can then spend how he likes) is vastly more disruptive than the model in which Alice buys Bitcoin on a government-regulated exchange, holds them hoping they'll appreciate in value, and then sells them for Euros or dollars. In model one, the currency is essentially outside the domain of gatekeepers, and could completely disintermediate the entire existing financial system just like Napster for money. In model two, Bitcoin is no more disruptive than shares of a gold fund.
submitted by jessquit to btc [link] [comments]

Information on u/theymos

Hi guys. I made the video recently "The Truth About The Lightning Network" it gained WAY more attention than I anticipated. You guys received it well, retweeted, reposted, and spread it out. Up to the point that even CW retweeted it. Thank you so much, it means a whole to me.
I want to make another video and keep pushing. This one on the massive issue of censorship by u/theymos. I believe I have enough to get started, but wanted to reach out to y'all and see what information you think should be in there. Any stories, information, theories you can drop in the comments will help.
Also is there any indication that it is still the original creator of the account? A mod account with that much power would be worth a lot if sold...
Edit: to be clear. I'm not asking for personal information on Theymos. I'm asking for extremely obvious cases of censorship that he is involved in.
submitted by don-wonton to btc [link] [comments]

Hi I'm the moderator of r/bitcoinforks and r/bitcoin mods tried to take over my subreddit

Hey Everyone,
I am a long time bitcoiner, and a while back I started my own subreddit: bitcoinforks. Since then I wanted to let the forum organically grow as I knew more forks were going to happen. Furthermore, Ive been slowly researching each bitcoin fork so I can add some more robust data to the forum over time.
Well it just so happens one of the most vocal moderators of bitcoin (will only abbreviate his name, others have tried too) tried to take over my forum by putting in a request with Reddit's main moderation team. The claim is that I was squatting, my name is supposedly a parody, and that the forum was inactive. Coincidently these multiple requests written by the mod 'S&D,' took place at the same time CryptoCurrency had seen some moderation changes.
I am here to tell you these cultists will not take my forum without a fight like they have done by monopolizing every bitcoin forum they can capture. bitcoin mods isn't it enough you guys monopolize bitcointalk, the wiki, Bitcoin.org, and a vast amount of domains and groups? Theymos is in charge of every group I just mentioned. Another bitcoin mod is in charge of the largest Facebook group and Google Plus group. Telegram groups have been taken over by this monopoly as well. Don't believe me search for the Telegram group @resolutions and see for yourself. The mods are all connected and they are same. Remember that Bitcoin.com lawsuit Telegram group? Funnily enough it is now the BTCC channel run by Trigz and the Clashic developer. ENOUGH IS ENOUGH. We need to expose this further.
We need to fight back against this monopolizing force by continuously showing the world how they are attempting to take over everything they can, and continue exposing their lies and censorship.
I am inviting everyone here to Bitcoin Forks to post about any bitcoin fork in existence. I am a bitcoin cash fan I won't deny that, you can see this from my profile, and it is my favorite fork alongside bitcoin private. My subreddit is open for discussions and all are welcome without censorship.
submitted by CobraTheymos to btc [link] [comments]

Fugitive Escapes From Segwit Maximum Security Prison

Fugitive Escapes From Segwit Maximum Security Prison submitted by FirebaseZ to btc [link] [comments]

Theymos - what are your thoughts on stepping down as an r/Bitcoin admin in order to better decentralize our community?

Many have asked why I asked this question. Its only because theymos is the owner of bitcointalk.org and is a mod here too. I'm a fan of decentralization and want to know what theymos thinks about the possibility of it.
If you want to add your own meaning to this besides the literal question, be my guest.
submitted by omgbitcoins to Bitcoin [link] [comments]

Long live decentralized bitcoin(!) A reading list

Newbs might not know this, but bitcoin recently came out of an intense internal drama. Between July 2015 and August 2017 bitcoin was attacked by external forces who were hoping to destroy the very properties that made bitcoin valuable in the first place. This culminated in the creation of segwit and the UASF (user activated soft fork) movement. The UASF was successful, segwit was added to bitcoin and with that the anti-decentralization side left bitcoin altogether and created their own altcoin called bcash. Bitcoin's price was $2500, soon after segwit was activated the price doubled to $5000 and continued rising until a top of $20000 before correcting to where we are today.
During this drama, I took time away from writing open source code to help educate and argue on reddit, twitter and other social media. I came up with a reading list for quickly copypasting things. It may be interesting today for newbs or anyone who wants a history lesson on what exactly happened during those two years when bitcoin's very existence as a decentralized low-trust currency was questioned. Now the fight has essentially been won, I try not to comment on reddit that much anymore. There's nothing left to do except wait for Lightning and similar tech to become mature (or better yet, help code it and test it)
In this thread you can learn about block sizes, latency, decentralization, segwit, ASICBOOST, lightning network and all the other issues that were debated endlessly for over two years. So when someone tries to get you to invest in bcash, remind them of the time they supported Bitcoin Unlimited.
For more threads like this see UASF

Summary / The fundamental tradeoff

A trip to the moon requires a rocket with multiple stages by gmaxwell (must read) https://www.reddit.com/Bitcoin/comments/438hx0/a_trip_to_the_moon_requires_a_rocket_with/
Bram Cohen, creator of bittorrent, argues against a hard fork to a larger block size https://medium.com/@bramcohen/bitcoin-s-ironic-crisis-32226a85e39f#.558vetum4
gmaxwell's summary of the debate https://bitcointalk.org/index.php?topic=1343716.msg13701818#msg13701818
Core devs please explain your vision (see luke's post which also argues that blocks are already too big) https://www.reddit.com/Bitcoin/comments/61yvvv/request_to_core_devs_please_explain_your_vision/
Mod of btc speaking against a hard fork https://www.reddit.com/btc/comments/57hd14/core_reaction_to_viabtc_this_week/d8scokm/
It's becoming clear to me that a lot of people don't understand how fragile bitcoin is https://www.reddit.com/Bitcoin/comments/59kflj/its_becoming_clear_to_me_that_a_lot_of_people/
Blockchain space must be costly, it can never be free https://www.reddit.com/Bitcoin/comments/4og24h/i_just_attended_the_distributed_trade_conference/
Charlie Lee with a nice analogy about the fundamental tradeoff https://medium.com/@SatoshiLite/eating-the-bitcoin-cake-fc2b4ebfb85e#.444vr8shw
gmaxwell on the tradeoffs https://bitcointalk.org/index.php?topic=1520693.msg15303746#msg15303746
jratcliff on the layering https://www.reddit.com/btc/comments/59upyh/segwit_the_poison_pill_for_bitcoin/d9bstuw/

Scaling on-chain will destroy bitcoin's decentralization

Peter Todd: How a floating blocksize limit inevitably leads towards centralization [Feb 2013] https://bitcointalk.org/index.php?topic=144895.0 mailing list https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-February/002176.html with discussion on reddit in Aug 2015 https://www.reddit.com/Bitcoin/comments/3hnvi8/just_a_little_history_lesson_for_everyone_new_the/
Nick Szabo's blog post on what makes bitcoin so special http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html
There is academic research showing that even small (2MB) increases to the blocksize results in drastic node dropoff counts due to the non-linear increase of RAM needed. http://bravenewcoin.com/assets/Whitepapers/block-size-1.1.1.pdf
Reddit summary of above link. In this table, you can see it estimates a 40% drop immediately in node count with a 2MB upgrade and a 50% over 6 months. At 4mb, it becomes 75% immediately and 80% over 6 months. At 8, it becomes 90% and 95%. https://www.reddit.com/Bitcoin/comments/5qw2wa_future_led_by_bitcoin_unlimited_is_a/dd442pw/
Larger block sizes make centralization pressures worse (mathematical) https://petertodd.org/2016/block-publication-incentives-for-miners
Talk at scalingbitcoin montreal, initial blockchain synchronization puts serious constraints on any increase in the block size https://www.youtube.com/watch?v=TgjrS-BPWDQ&t=2h02m06s with transcript https://scalingbitcoin.org/transcript/montreal2015/block-synchronization-time
Bitcoin's P2P Network: The Soft Underbelly of Bitcoin https://www.youtube.com/watch?v=Y6kibPzbrIc someone's notes: https://gist.github.com/romyilano/5e22394857a39889a1e5 reddit discussion https://www.reddit.com/Bitcoin/comments/4py5df/so_f2pool_antpool_btcc_pool_are_actually_one_pool/
In adversarial environments blockchains dont scale https://scalingbitcoin.org/transcript/hongkong2015/in-adversarial-environments-blockchains-dont-scale
Why miners will not voluntarily individually produce smaller blocks https://scalingbitcoin.org/transcript/hongkong2015/why-miners-will-not-voluntarily-individually-produce-smaller-blocks
Hal Finney: bitcoin's blockchain can only be a settlement layer (mostly interesting because it's hal finney and its in 2010) https://www.reddit.com/Bitcoin/comments/3sb5nj/most_bitcoin_transactions_will_occur_between/
petertodd's 2013 video explaining this https://www.youtube.com/watch?v=cZp7UGgBR0I
luke-jr's summary https://www.reddit.com/Bitcoin/comments/61yvvv/request_to_core_devs_please_explain_your_vision/dficjhj/
Another jratcliff thread https://www.reddit.com/Bitcoin/comments/6lmpll/explaining_why_big_blocks_are_bad/

Full blocks are not a disaster

Blocks must be always full, there must always be a backlog https://medium.com/@bergealex4/bitcoin-is-unstable-without-the-block-size-size-limit-70db07070a54#.kh2vi86lr
Same as above, the mining gap means there must always be a backlog talk: https://www.youtube.com/watch?time_continue=2453&v=iKDC2DpzNbw transcript: https://scalingbitcoin.org/transcript/montreal2015/security-of-diminishing-block-subsidy
Backlogs arent that bad https://www.reddit.com/Bitcoin/comments/49p011/was_the_fee_event_really_so_bad_my_mind_is/
Examples where scarce block space causes people to use precious resources more efficiently https://www.reddit.com/Bitcoin/comments/4kxxvj/i_just_singlehandedly_increased_bitcoin_network/
https://www.reddit.com/Bitcoin/comments/47d4m2/why_does_coinbase_make_2_transactions_pe
https://www.reddit.com/Bitcoin/comments/53wucs/why_arent_blocks_full_yet/d7x19iv
Full blocks are fine https://www.reddit.com/Bitcoin/comments/5uld1a/misconception_full_blocks_mean_bitcoin_is_failing/
High miner fees imply a sustainable future for bitcoin https://www.reddit.com/BitcoinMarkets/comments/680tvf/fundamentals_friday_week_of_friday_april_28_2017/dgwmhl7/
gmaxwell on why full blocks are good https://www.reddit.com/Bitcoin/comments/6b57ca/full_blocks_good_or_bad/dhjxwbz/
The whole idea of the mempool being "filled" is wrong headed. The mempool doesn't "clog" or get stuck, or anything like that. https://www.reddit.com/Bitcoin/comments/7cusnx/to_the_people_still_doubting_that_this_congestion/dpssokf/

Segwit

What is segwit

luke-jr's longer summary https://www.reddit.com/Bitcoin/comments/6033h7/today_is_exactly_4_months_since_the_segwit_voting/df3tgwg/?context=1
Charlie Shrem's on upgrading to segwit https://twitter.com/CharlieShrem/status/842711238853513220
Original segwit talk at scalingbitcoin hong kong + transcript https://youtu.be/zchzn7aPQjI?t=110
https://scalingbitcoin.org/transcript/hongkong2015/segregated-witness-and-its-impact-on-scalability
Segwit is not too complex https://www.reddit.com/btc/comments/57vjin/segwit_is_not_great/d8vos33/
Segwit does not make it possible for miners to steal coins, contrary to what some people say https://www.reddit.com/btc/comments/5e6bt0/concerns_with_segwit_and_anyone_can_spend/daa5jat/?context=1
https://keepingstock.net/segwit-eli5-misinformation-faq-19908ceacf23#.r8hlzaquz
Segwit is required for a useful lightning network It's now known that without a malleability fix useful indefinite channels are not really possible.
https://www.reddit.com/Bitcoin/comments/5tzqtc/gentle_reminder_the_ln_doesnt_require_segwit/ddqgda7/
https://www.reddit.com/Bitcoin/comments/5tzqtc/gentle_reminder_the_ln_doesnt_require_segwit/ddqbukj/
https://www.reddit.com/Bitcoin/comments/5x2oh0/olaoluwa_osuntokun_all_active_lightning_network/deeto14/?context=3
Clearing up SegWit Lies and Myths: https://achow101.com/2016/04/Segwit-FUD-Clearup
Segwit is bigger blocks https://www.reddit.com/Bitcoin/comments/5pb8vs/misinformation_is_working_54_incorrectly_believe/dcpz3en/
Typical usage results in segwit allowing capacity equivalent to 2mb blocks https://www.reddit.com/Bitcoin/comments/69i2md/observe_for_yourself_segwit_allows_2_mb_blocks_in/

Why is segwit being blocked

Jihan Wu (head of largest bitcoin mining group) is blocking segwit because of perceived loss of income https://www.reddit.com/Bitcoin/comments/60mb9e/complete_high_quality_translation_of_jihans/
Witness discount creates aligned incentives https://segwit.org/why-a-discount-factor-of-4-why-not-2-or-8-bbcebe91721e#.h36odthq0 https://medium.com/@SegWit.co/what-is-behind-the-segwit-discount-988f29dc1edf#.sr91dg406
or because he wants his mining enterprise to have control over bitcoin https://www.reddit.com/Bitcoin/comments/6jdyk8/direct_report_of_jihan_wus_real_reason_fo

Segwit is being blocked because it breaks ASICBOOST, a patented optimization used by bitmain ASIC manufacturer

Details and discovery by gmaxwell https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html
Reddit thread with discussion https://www.reddit.com/Bitcoin/comments/63otrp/gregory_maxwell_major_asic_manufacturer_is/
Simplified explaination by jonny1000 https://www.reddit.com/Bitcoin/comments/64qq5g/attempted_explanation_of_the_alleged_asicboost/
http://www.mit.edu/~jlrubin/public/pdfs/Asicboost.pdf
https://medium.com/@jimmysong/examining-bitmains-claims-about-asicboost-1d61118c678d
Evidence https://www.reddit.com/Bitcoin/comments/63yo27/some_circumstantial_evidence_supporting_the_claim/
https://www.reddit.com/Bitcoin/comments/63vn5g/please_dont_stop_us_from_using_asicboost_which/dfxmm75/
https://www.reddit.com/Bitcoin/comments/63soe3/reverse_engineering_an_asic_is_a_significant_task/dfx9nc
Bitmain admits their chips have asicboost but they say they never used it on the network (haha a likely story) https://blog.bitmain.com/en/regarding-recent-allegations-smear-campaigns/
Worth $100m per year to them (also in gmaxwell's original email) https://twitter.com/petertoddbtc/status/849798529929424898
Other calculations show less https://medium.com/@vcorem/the-real-savings-from-asicboost-to-bitmaintech-ff265c2d305b
This also blocks all these other cool updates, not just segwit https://www.reddit.com/Bitcoin/comments/63otrp/gregory_maxwell_major_asic_manufacturer_is/dfw0ej3/
Summary of bad consequences of asicboost https://www.reddit.com/Bitcoin/comments/64qq5g/attempted_explanation_of_the_alleged_asicboost/dg4hyqk/?context=1
Luke's summary of the entire situation https://www.reddit.com/Bitcoin/comments/6ego3s/why_is_killing_asicboost_not_a_priority/diagkkb/?context=1
Prices goes up because now segwit looks more likely https://twitter.com/TuurDemeestestatus/849846845425799168
Asicboost discovery made the price rise https://twitter.com/TuurDemeestestatus/851520094677200901
A pool was caught red handed doing asicboost, by this time it seemed fairly certain that segwit would get activated so it didnt produce as much interest as earlier https://www.reddit.com/Bitcoin/comments/6p7lr5/1hash_pool_has_mined_2_invalid_blocks/ and https://www.reddit.com/Bitcoin/comments/6p95dl/interesting_1hash_pool_mined_some_invalid_blocks/ and https://twitter.com/petertoddbtc/status/889475196322811904
This btc user is outraged at the entire forum because they support Bitmain and ASICBOOST https://www.reddit.com/btc/comments/67t43y/dragons_den_planned_smear_campaign_of_bitmain/dgtg9l2/
Antbleed, turns out Bitmain can shut down all its ASICs by remote control: http://www.antbleed.com/

What if segwit never activates

What if segwit never activates? https://www.reddit.com/Bitcoin/comments/6ab8js/transaction_fees_are_now_making_btc_like_the_banks/dhdq3id/ with https://www.reddit.com/Bitcoin/comments/5ksu3o/blinded_bearer_certificates/ and https://www.reddit.com/Bitcoin/comments/4xy0fm/scaling_quickly/

Lightning

bitcoinmagazine's series on what lightning is and how it works https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/ https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-creating-the-network-1465326903/ https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-completing-the-puzzle-and-closing-the-channel-1466178980/
The Lightning Network ELIDHDICACS (Explain Like I Don’t Have Degrees in Cryptography and Computer Science) https://letstalkbitcoin.com/blog/post/the-lightning-network-elidhdicacs
Ligtning will increases fees for miners, not lower them https://medium.com/lightning-resources/the-lightning-paradox-f15ce0e8e374#.erfgunumh
Cost-benefit analysis of lightning from the point of view of miners https://medium.com/@rusty_lightning/miners-and-bitcoin-lightning-a133cd550310#.x42rovlg8
Routing blog post by rusty https://medium.com/@rusty_lightning/routing-dijkstra-bellman-ford-and-bfg-7715840f004 and reddit comments https://www.reddit.com/Bitcoin/comments/4lzkz1/rusty_russell_on_lightning_routing_routing/
Lightning protocol rfc https://github.com/lightningnetwork/lightning-rfc
Blog post with screenshots of ln being used on testnet https://medium.com/@btc_coach/lightning-network-in-action-b18a035c955d video https://www.youtube.com/watch?v=mxGiMu4V7ns
Video of sending and receiving ln on testnet https://twitter.com/alexbosworth/status/844030573131706368
Lightning tradeoffs http://www.coindesk.com/lightning-technical-challenges-bitcoin-scalability/
Beer sold for testnet lightning https://www.reddit.com/Bitcoin/comments/62uw23/lightning_network_is_working_room77_is_accepting/ and https://twitter.com/MrHodl/status/848265171269283845
Lightning will result in far fewer coins being stored on third parties because it supports instant transactions https://medium.com/@thecryptoconomy/the-barely-discussed-incredible-benefit-of-the-lightning-network-4ce82c75eb58
jgarzik argues strongly against LN, he owns a coin tracking startup https://twitter.com/petertoddbtc/status/860826532650123264 https://twitter.com/Beautyon_/status/886128801926795264
luke's great debunking / answer of some misinformation questions https://www.reddit.com/Bitcoin/comments/6st4eq/questions_about_lightning_network/dlfap0u/
Lightning centralization doesnt happen https://www.reddit.com/Bitcoin/comments/6vzau5/reminder_bitcoins_key_strength_is_in_being/dm4ou3v/?context=1
roasbeef on hubs and charging fees https://twitter.com/roasbeef/status/930209165728825344 and https://twitter.com/roasbeef/status/930210145790976000

Immutability / Being a swiss bank in your pocket / Why doing a hard fork (especially without consensus) is damaging

A downside of hard forks is damaging bitcoin's immutability https://www.reddit.com/Bitcoin/comments/5em6vu/what_happens_if_segwit_doesnt_activate/dae1r6c/?context=3
Interesting analysis of miners incentives and how failure is possible, don't trust the miners for long term https://www.reddit.com/Bitcoin/comments/5gtew4/why_an_increased_block_size_increases_the_cost_of/daybazj/?context=2
waxwing on the meaning of cash and settlement https://www.reddit.com/Bitcoin/comments/5ei7m3/unconfirmed_transactions_60k_total_fees_14btc/dad001v/
maaku on the cash question https://www.reddit.com/Bitcoin/comments/5i5iq5/we_are_spoiled/db5luiv/?context=1
Digital gold funamentalists gain nothing from supporting a hard fork to larger block sizes https://www.reddit.com/Bitcoin/comments/5xzunq/core_please_compromise_before_we_end_up_with_bu/dem73xg/?context=1
Those asking for a compromise don't understand the underlying political forces https://www.reddit.com/Bitcoin/comments/6ef7wb/some_comments_on_the_bip148_uasf_from_the/dia236b/?context=3
Nobody wants a contentious hard fork actually, anti-core people got emotionally manipulated https://www.reddit.com/Bitcoin/comments/5sq5ocontentious_forks_vs_incremental_progress/ddip57o/
The hard work of the core developers has kept bitcoin scalable https://www.reddit.com/Bitcoin/comments/3hfgpo/an_initiative_to_bring_advanced_privacy_features/cu7mhw8?context=9
Recent PRs to improve bitcoin scaleability ignored by the debate https://twitter.com/jfnewbery/status/883001356168167425
gmaxwell against hard forks since 2013 https://bitcointalk.org/index.php?topic=140233.20
maaku: hard forks are really bad https://www.reddit.com/Bitcoin/comments/5zxjza/adam_greg_core_devs_and_big_blockers_now_is_the/df275yk/?context=2

Some metrics on what the market thinks of decentralization and hostile hard forks

The price history shows that the exchange rate drops every time a hard fork threatens: https://i.imgur.com/EVPYLR8.jpg
and this example from 2017 https://twitter.com/WhalePanda/status/845562763820912642
http://imgur.com/a/DuHAn btc users lose money
price supporting theymos' moderation https://i.imgur.com/0jZdF9h.png
old version https://i.imgur.com/BFTxTJl.png
older version https://pbs.twimg.com/media/CxqtUakUQAEmC0d.jpg
about 50% of nodes updated to the soft fork node quite quickly https://imgur.com/O0xboVI

Bitcoin Unlimited / Emergent Consensus is badly designed, changes the game theory of bitcoin

Bitcoin Unlimited was a proposed hard fork client, it was made with the intention to stop segwit from activating
A Future Led by Bitcoin Unlimited is a Centralized Future https://blog.sia.tech/a-future-led-by-bitcoin-unlimited-is-a-centralized-future-e48ab52c817a#.p1ly6hldk
Flexible transactions are bugged https://www.reddit.com/Bitcoin/comments/57tf5g/bitcoindev_bluematt_on_flexible_transactions/
Bugged BU software mines an invalid block, wasting 13 bitcoins or $12k
https://www.reddit.com/Bitcoin/comments/5qwtr2/bitcoincom_loses_132btc_trying_to_fork_the/
https://www.reddit.com/btc/comments/5qx18i/bitcoincom_loses_132btc_trying_to_fork_the/
bitcoin.com employees are moderators of btc https://medium.com/@WhalePanda/the-curious-relation-between-bitcoin-com-anti-segwit-propaganda-26c877249976#.vl02566k4
miners don't control stuff like the block size http://hackingdistributed.com/2016/01/03/time-for-bitcoin-user-voice/
even gavin agreed that economic majority controls things https://www.reddit.com/Bitcoin/comments/5ywoi9/in_2010_gavin_predicted_that_exchanges_ie_the/
fork clients are trying to steal bitcoin's brand and network effect, theyre no different from altcoins https://medium.com/@Coinosphere/why-bitcoin-unlimited-should-be-correctly-classified-as-an-attempted-robbery-of-bitcoin-not-a-9355d075763c#.qeaynlx5m
BU being active makes it easier to reverse payments, increases wasted work making the network less secure and giving an advantage to bigger miners https://www.reddit.com/Bitcoin/comments/5g1x84/bitcoin_unlimited_bu_median_value_of_miner_eb/
bitcoin unlimited takes power away from users and gives it to miners https://medium.com/@alpalpalp/bitcoin-unlimiteds-placebo-controls-6320cbc137d4#.q0dv15gd5
bitcoin unlimited's accepted depth https://twitter.com/tdryja/status/804770009272696832
BU's lying propaganda poster https://imgur.com/osrViDE

BU is bugged, poorly-reviewed and crashes

bitcoin unlimited allegedly funded by kraken stolen coins
https://www.reddit.com/btc/comments/55ajuh/taint_analysis_on_bitcoin_stolen_from_kraken_on/
https://www.reddit.com/btc/comments/559miz/taint_analysis_on_btc_allegedly_stolen_from_kraken/
Other funding stuff
https://www.reddit.com/Bitcoin/comments/5zozmn/damning_evidence_on_how_bitcoin_unlimited_pays/
A serious bug in BU https://www.reddit.com/Bitcoin/comments/5h70s3/bitcoin_unlimited_bu_the_developers_have_realized/
A summary of what's wrong with BU: https://www.reddit.com/Bitcoin/comments/5z3wg2/jihanwu_we_will_switch_the_entire_pool_to/devak98/

Bitcoin Unlimited Remote Exploit Crash 14/3/2017

https://www.reddit.com/Bitcoin/comments/5zdkv3/bitcoin_unlimited_remote_exploit_crash/ https://www.reddit.com/Bitcoin/comments/5zeb76/timbe https://www.reddit.com/btc/comments/5zdrru/peter_todd_bu_remote_crash_dos_wtf_bug_assert0_in/
BU devs calling it as disaster https://twitter.com/SooMartindale/status/841758265188966401 also btc deleted a thread about the exploit https://i.imgur.com/lVvFRqN.png
Summary of incident https://www.reddit.com/Bitcoin/comments/5zf97j/i_was_undecided_now_im_not/
More than 20 exchanges will list BTU as an altcoin
https://www.reddit.com/Bitcoin/comments/5zyg6g/bitcoin_exchanges_unveil_emergency_hard_fork/
Again a few days later https://www.reddit.com/Bitcoin/comments/60qmkt/bu_is_taking_another_shit_timberrrrr

User Activated Soft Fork (UASF)

site for it, including list of businesses supporting it http://www.uasf.co/
luke's view
https://www.reddit.com/Bitcoin/comments/5zsk45/i_am_shaolinfry_author_of_the_recent_usedf1dqen/?context=3
threat of UASF makes the miner fall into line in litecoin
https://www.reddit.com/litecoin/comments/66omhlitecoin_global_roundtable_resolution/dgk2thk/?context=3
UASF delivers the goods for vertcoin
https://www.reddit.com/Bitcoin/comments/692mi3/in_test_case_uasf_results_in_miner_consensus/dh3cm34/?context=1
UASF coin is more valuable https://www.reddit.com/Bitcoin/comments/6cgv44/a_uasf_chain_will_be_profoundly_more_valuable/
All the links together in one place https://www.reddit.com/Bitcoin/comments/6dzpew/hi_its_mkwia_again_maintainer_of_uasfbitcoin_on/
p2sh was a uasf https://github.com/bitcoin/bitcoin/blob/v0.6.0/src/main.cpp#L1281-L1283
jgarzik annoyed at the strict timeline that segwit2x has to follow because of bip148 https://twitter.com/jgarzik/status/886605836902162432
Committed intolerant minority https://www.reddit.com/Bitcoin/comments/6d7dyt/a_plea_for_rational_intolerance_extremism_and/
alp on the game theory of the intolerant minority https://medium.com/@alpalpalp/user-activated-soft-forks-and-the-intolerant-minority-a54e57869f57
The risk of UASF is less than the cost of doing nothing https://www.reddit.com/Bitcoin/comments/6bof7a/were_getting_to_the_point_where_a_the_cost_of_not/
uasf delivered the goods for bitcoin, it forced antpool and others to signal (May 2016) https://bitcoinmagazine.com/articles/antpool-will-not-run-segwit-without-block-size-increase-hard-fork-1464028753/ "When asked specifically whether Antpool would run SegWit code without a hard fork increase in the block size also included in a release of Bitcoin Core, Wu responded: “No. It is acceptable that the hard fork code is not activated, but it needs to be included in a ‘release’ of Bitcoin Core. I have made it clear about the definition of ‘release,’ which is not ‘public.’”"
Screenshot of peter rizun capitulating https://twitter.com/chris_belcher_/status/905231603991007232

Fighting off 2x HF

https://twitter.com/MrHodl/status/895089909723049984
https://www.reddit.com/Bitcoin/comments/6h612o/can_someone_explain_to_me_why_core_wont_endorse/?st=j6ic5n17&sh=cc37ee23
https://www.reddit.com/Bitcoin/comments/6smezz/segwit2x_hard_fork_is_completely_useless_its_a/?st=j6ic2aw3&sh=371418dd
https://www.reddit.com/Bitcoin/comments/6sbspv/who_exactly_is_segwit2x_catering_for_now_segwit/?st=j6ic5nic&sh=1f86cadd
https://medium.com/@elliotolds/lesser-known-reasons-to-keep-blocks-small-in-the-words-of-bitcoin-core-developers-44861968185e
b2x is most of all about firing core https://twitter.com/WhalePanda/status/912664487135760384
https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2

Misinformation / sockpuppets

https://www.reddit.com/Bitcoin/comments/6uqz6k/markets_update_bitcoin_cash_rallies_for_three/dlurbpx/
three year old account, only started posting today https://archive.is/3STjH
Why we should not hard fork after the UASF worked: https://www.reddit.com/Bitcoin/comments/6sl1qf/heres_why_we_should_not_hard_fork_in_a_few_months/

History

Good article that covers virtually all the important history https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality/
Interesting post with some history pre-2015 https://btcmanager.com/the-long-history-of-the-fight-over-scaling-bitcoin/
The core scalabality roadmap + my summary from 3/2017 https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Decembe011865.html my summary https://www.reddit.com/Bitcoin/comments/5xa5fa/the_core_development_scalability_roadmap/
History from summer 2015 https://www.reddit.com/Bitcoin/comments/5xg7f8/the_origins_of_the_blocksize_debate/
Brief reminders of the ETC situation https://www.reddit.com/Bitcoin/comments/6nvlgo/simple_breakdown_of_bip91_its_simply_the_miners/dkcycrz/
Longer writeup of ethereum's TheDAO bailout fraud https://www.reddit.com/ethereumfraud/comments/6bgvqv/faq_what_exactly_is_the_fraud_in_ethereum/
Point that the bigblocker side is only blocking segwit as a hostage https://www.reddit.com/BitcoinMarkets/comments/5sqhcq/daily_discussion_wednesday_february_08_2017/ddi3ctv/?context=3
jonny1000's recall of the history of bitcoin https://www.reddit.com/Bitcoin/comments/6s34gg/rbtc_spreading_misinformation_in_rbitcoinmarkets/dl9wkfx/

Misc (mostly memes)

libbitcoin's Understanding Bitcoin series (another must read, most of it) https://github.com/libbitcoin/libbitcoin/wiki/Understanding-Bitcoin
github commit where satoshi added the block size limit https://www.reddit.com/Bitcoin/comments/63859l/github_commit_where_satoshi_added_the_block_size/
hard fork proposals from some core devs https://bitcoinhardforkresearch.github.io/
blockstream hasnt taken over the entire bitcoin core project https://www.reddit.com/Bitcoin/comments/622bjp/bitcoin_core_blockstream/
blockstream is one of the good guys https://www.reddit.com/Bitcoin/comments/6cttkh/its_happening_blockstream_opens_liquid_sidechain/dhxu4e
Forkers, we're not raising a single byte! Song lyrics by belcher https://gist.github.com/chris-belche7264cd6750a86f8b4a9a
Some stuff here along with that cool photoshopped poster https://medium.com/@jimmysong/bitcoin-realism-or-how-i-learned-to-stop-worrying-and-love-1mb-blocks-c191c35e74cb
Nice graphic https://twitter.com/RNR_0/status/871070843698380800
gmaxwell saying how he is probably responsible for the most privacy tech in bitcoin, while mike hearn screwed up privacy https://www.reddit.com/btc/comments/6azyme/hey_bu_wheres_your_testnet/dhiq3xo/?context=6
Fairly cool propaganda poster https://twitter.com/urbanarson/status/880476631583924225
btc tankman https://i.redd.it/gxjqenzpr27z.png https://twitter.com/DanDarkPill/status/853653168151986177
asicboost discovery meme https://twitter.com/allenscottoshi/status/849888189124947971
https://twitter.com/urbanarson/status/882020516521013250
gavin wanted to kill the bitcoin chain https://twitter.com/allenscottoshi/status/849888189124947971
stuff that btc believes https://www.reddit.com/Bitcoin/comments/6ld4a5/serious_is_the_rbtc_and_the_bu_crowd_a_joke_how/djszsqu/
after segwit2x NYA got agreed all the fee pressure disappeared, laurenmt found they were artificial spam https://twitter.com/i/moments/885827802775396352
theymos saying why victory isnt inevitable https://www.reddit.com/Bitcoin/comments/6lmpll/explaining_why_big_blocks_are_bad/djvxv2o/
with ignorant enemies like these its no wonder we won https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-999 ""So, once segwit2x activates, from that moment on it will require a coordinated fork to avoid the up coming "baked in" HF. ""
a positive effect of bcash, it made blockchain utxo spammers move away from bitcoin https://www.reddit.com/btc/comments/76lv0b/cryptograffitiinfo_now_accepts_bitcoin_cash/dof38gw/
summary of craig wright, jihan wu and roger ver's positions https://medium.com/@HjalmarPeters/the-big-blockers-bead6027deb2
Why is bitcoin so strong against attack?!?! (because we're motivated and awesome) https://www.reddit.com/btc/comments/64wo1h/bitcoin_unlimited_is_being_blocked_by_antivirus/dg5n00x/
what happened to #oldjeffgarzik https://www.reddit.com/Bitcoin/comments/6ufv5x/a_reminder_of_some_of_jeff_garziks_greatest/
big blockers fully deserve to lose every last bitcoin they ever had and more https://www.reddit.com/BitcoinMarkets/comments/756nxf/daily_discussion_monday_october_09_2017/do5ihqi/
gavinandresen brainstorming how to kill bitcoin with a 51% in a nasty way https://twitter.com/btcdrak/status/843914877542567937
Roger Ver as bitcoin Judas https://imgur.com/a/Rf1Pi
A bunch of tweets and memes celebrating UASF
https://twitter.com/shaolinfry/status/842457019286188032 | https://twitter.com/SatoshiLite/status/888335092560441345 | https://twitter.com/btcArtGallery/status/887485162925285377 | https://twitter.com/Beautyon_/status/888109901611802624 | https://twitter.com/Excellion/status/889211512966873088 | https://twitter.com/lopp/status/888200452197801984 | https://twitter.com/AlpacaSW/status/886988980524396544 | https://twitter.com/BashCo_/status/877253729531162624 | https://twitter.com/tdryja/status/865212300361379840 | https://twitter.com/Excellion/status/871179040157179904 | https://twitter.com/TraceMayestatus/849856343074902016 | https://twitter.com/TraceMayestatus/841855022640033792 | https://fs.bitcoinmagazine.com/img/images/Screen_Shot_2017-08-18_at_01.36.47.original.png
submitted by belcher_ to Bitcoin [link] [comments]

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created.

From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
submitted by normal_rc to Bitcoincash [link] [comments]

I think its time we have a discussion about pseudonymity, reputation networks, astroturfing, sock puppets, meritocracy and how we judge each others content here.

Lately I have been running into an significant amount of new accounts making outlandish claims, stretching the truth, straining logic and outright false assertions. I have a pretty common card I play, which is usually mockery and dismissal due to account age and I use it more as a light comedic defense than a real objective engagement tactic. Yet, I am constantly rebutted by these individuals and others here that account age does not matter, that we should judge the words for their merit.
They are correct of course. We absolutely should judge the content of the post based on merit and not on account age.
But theres this other side thats missing. An extremely important side that these people dont want you to see when they are astroturfing from rbtc.
Reputation serves a valid purpose on reddit. Without reputation you have no accountability. Without accountability you are unwilling to challenge your views or change your views based on new information, or at the very least you are extremely less likely to change your view.
There is a excellent podcast on this subject on the youarenotsosmart podcast series, which focuses quite a lot on psychology and sociological issues. In this particular podcast it discusses the subreddit /changemyview and he interviews reddit co-founder Alexis Ohanian. Im going to put some relevant quotes from the interview here for discussion - (this is around the 13 min mark)
We obviously have a policy that we enforce strictly but we also want to allow for people to get uncomfortable sometimes because that's where we feel like the growth and the perspective happens like it and it goes both ways […] it is more important for us to be a platform where people can be their true selves and also still feel like they can express themselves and you know we have uncomfortable conversations - at least we Americans often have uncomfortable conversations every Thanksgiving, there’s always some uncle, there’s always someone, were not strangers to it.
I just think that as a whole it's that it's that opportunity for us to get perspective and if we can do it well - and that's not easy and that's something we're we're all working on but if we can do it while that's where we actually start to get we get that empathy and understanding and find our common ground and it is very new territory and we're not perfect but always improving it. I would love to see more people embracing that idea and I think change my view to go back to the sum of the whole thing is such an amazing illustration of exactly that.
That part is just general discussion of the platform, and how we should use it to challenge ourselves in uncomfortable situations. But I think where it gets really interesting, and important is around the 58 minute mark -
Also the key here is pseudonymity[….]and thats really meaningful because it is anonymity with accountability. Real anonymity that is where there is no accountability where you are just are non and you dont have a identity even if its a made up one because there is no accountability. We benefit from all the benefits of anonymity - that is the freedom of the ability for you to be all of yourself and your open and honest self because that ultimately makes for the best content and best experiences you know we as people really want to connect on this deep level and to date all of these drivers license id driven networks facebook and like allows us only to connect in a superficial way.
What he says above is crucial to reddit, crucial to sociology and crucial to the way that we all communicate and understand ourselves here on this platform. Its important to create the best possible experience here and to connect on deep levels.
But none of that applies if you are a coward that constantly switches identities because you cannot stand being wrong or being challenged on your views.
All of these astroturfers and sock puppets that come over here and post with no history yet talk about incidents that happen with familiarity 3-4 years ago are great examples of this. These are the cowards who have been shitposting the same lies for years and instead of being unwilling to face the facts they come here to attempt to change the narrative, to change the way we come to consensus because they are too cowardly to stand by their own words. Even though I might fight and bicker with a few notable people here constantly (you know who you are) I at least respect them that they dont change their identity and they are willing to stand up for their reputation. Those people are likely to shift overtime. A great example is the user Terminal-Psychosis here. I used to see strict nonsense coming out of that person, but over the last year I have seen enormous growth from him a individual in this community, similar to the same growth I experienced here a few years ago.
Look at my account. Look at its age. Most of you will know me as a Bitcoin Core supporter, someone who defends people like Adam Back, Blockstream, etc. Yet how many of you know that I used to be a big blocker? How many of you know that I used to constantly defend Gavin, Garzik? How many of you knew that I was a BitcoinXT supporter?
Go through my history. You will see me posting about it years ago.
I changed my views when new information and education came into my consciousness, and so should you.
To all of you cowards who hide behind new accounts -
You defy the purpose of this experiment. You defy the process of reaching consensus through good faith practices. You try to use disillusionment to create narratives preaching about open and transparent ledgers that will save the world all while you use cloak and shadows to hide your deceit. You are hypocrites. You are not bitcoiners, you are buttcoiners.
This system only works if you are willing to stand behind your pseudonymous reputation. If you are unwilling to be judged and to retain that judgement then how can you grow? How can you progress as a human if everytime the kid on the playground you dont like says something you dont like and you run behind your mommy's skirts?
You are all intellectual cowards and I wish that you would stop trolling our forums trying to poison the narrative with your politics and ideological entrenchments.
I want to be challenged. I have shown enormous change over the years by being challenged. But if you are unwilling to stand behind your pseudo anonymous identity and build your reputation based on the meritocracy of your words then you can never add to the quality of the communication here or the difficult slow consensus building process.
You will only poison the well and I will continue to call you out for it and most importantly so should everyone else. This behavior should not be tolerated and we should stand strong in the face of this astroturfing and narrative poisoning.
And since I know this subject will come up -
No, censorship is not a valid excuse. You may have gotten banned by theymos 2+ years ago and are still crying about it to this day, but you could have just switched identities back then, kept on participating and if you actually cared enough you would have continued to fight the fight but with less abrasive techniques that would have gotten you banned. You didn't have to scream from the top of your lungs like a rabbid religious fanatic, you could have tried to intellectually engage on the philosophy.
I am the example of that. I was extremely vocal against theymos during that phase and had it out with members here all the time. Yet here I am, still on my same account posting here. I may have toed the line a few times but I stayed strong in the face of pressure because it was important that I continue to fight the fight. So could have you, so please spare me the whiney excuses.
submitted by Cryptolution to Bitcoin [link] [comments]

Theymos wants an all-out war... so let's give it to him.

Given theymos's declaration of war against the Bitcoin economic majority.... let's take this fucker down a few notches.
The solution is simple:
Find every website that has a link to one of his websites, then try and contact the owners and ask them to de-list any or all of the following:
Setting up a non-compromised mirror of bitcoin.org might help (it is - or was - a half decent newbie resource, besides the obvious political bullshit)
Theymos wants to put up banner ads all across bitcoin.org warning of the "dangers of S2X". We can play that game too, only across many more websites and utilizing banner ad services (I for one am willing to put money into this). I also have a domain name (upgradebitcoin.com) that would be perfect for a one-page explainer that we can send people to.
If anyone wants to join me in this endeavor, PM me or give me a shout on the btcchat slack channel. Let's do this. I'l go lone-wolf if I have to, but more the merrier.
submitted by cryptonaut420 to btc [link] [comments]

Theymos gets called stupid, temperamental, and young by mods in another bitcoin forum

Here is the excerpt, which I found to be hilarious. Nobody outside of /bitcoin respects theymos.
On the banning of Bitcoin XT I don't agree with the way Theymos handled things because it was the most stupid way to do it. And also because it is extremely obtuse to ban a development that comes from people that are also Bitcoin Core devs.
I obviously would had not done it and I have not removed a single post about Bitcoin XT here. For me the way Theymos reacted was indeed stupid and temperamental. Only explanation on why he did that, in my opinion does has to do with how actually young Theymos still is.
On the calling for Theymos head off from /Bitcoin. I don't agree on the principle that he got the position fair and square. Just like with BitcoinTalk which he got from Sirius and the alert key he got from Sirius and Satoshi. He also took the Bitcoin Wiki off from Karpeles.
sauce
submitted by Obvthrowaway9999 to bitcoin_uncensored [link] [comments]

Please audit my explanation of how Bitcoin BTC was hijacked, and why Bitcoin Cash was created.

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created.
From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
https://www.yours.org/content/how-bitcoin-btc-was-hijacked--and-why-bitcoin-cash-was-created-24c7314b8b8f
submitted by normal_rc to btc [link] [comments]

The Dirty, Nasty History of Bitcoin

From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
submitted by normal_rc to CryptoCurrency [link] [comments]

Why is classic not listed as a client on the bitcoin wiki?

submitted by jeanduluoz to btc [link] [comments]

Core/AXA/Blockstream CTO Greg Maxwell, CEO Adam Back, attack dog Luke-Jr and censor Theymos are sabotaging Bitcoin - but they lack the social skills to even feel guilty for this. Anyone who attempts to overrule the market and limit or hard-code Bitcoin's blocksize must be rejected by the community.

Centrally planned blocksize is not a desirable feature - it's an insidious bug which is slowly and quietly suppressing Bitcoin's adoption and price and market cap.
And SegWit's dangerous "Anyone-Can-Spend" hack isn't just a needless kludge (which Core/Blockstream/AXA are selfishly trying to quietly slip into Bitcoin via a dangerous and messy soft fork - because they're deathly afraid of hard fork, knowing that most people would vote against their shitty code if they ever had the balls to put it up for an explicit, opt-in vote).
SegWit-as-a-soft-fork is a poison-pill for Bitcoin
SegWit is brought to you by the anti-Bitcoin central bankers at AXA and the economically ignorant, central blocksize planners at Blockstream whose dead-end "road map" for Bitcoin is:
AXA is trying to sabotage Bitcoin by paying the most ignorant, anti-market devs in Bitcoin: Core/Blockstream
This is the direction that Bitcoin has been heading in since late 2014 when Blockstream started spreading their censorship and propaganda and started bribing and corrupting the "Core" devs using $76 million in fiat provided by corrupt, anti-Bitcoin "fantasy fiat" finance firms like the debt-backed, derivatives-addicted insurance mega-giant AXA.
Remember:
You Do The Math, and follow the money, and figure out why Bitcoin has been slowly failing to prosper ever since AXA started bribing Core devs to cripple our code with their centrally planned blocksize and now their "Anyone-Can-Spend" SegWit poison-pill.
Smart, honest devs fix bugs. Fiat-fueled AXA-funded Core/Blockstream devs add bugs - and then turn around and try to lie to our face and claim their bugs are somehow "features"
Recently, people discovered bugs in other Bitcoin implementations - memory leaks in BU's software, "phone home" code in AntMiner's firmware.
And the devs involved immediately took public responsibility, and fixed these bugs.
Meanwhile...
So the difference is: BU's and AntMiner's devs possess enough social and economic intelligence to fix bugs in their code immediately when the community finds them.
Meanwhile, most people in the community have been in an absolute uproar for years now against AXA-funded Blockstream's centrally planned blocksize and their deadly Anyone-Can-Spend hack/kludge/poison-pill.
Of course, the home-schooled fiat-fattened sociopath Blockstream CTO One-Meg Greg u/nullc would probably just dismiss all these Bitcoin users as the "shreaking" [sic] masses.
Narcissistic sociopaths like AXA-funded Blockstream CTO Greg Maxwell and CTO Adam and their drooling delusional attack dog Luke-Jr (another person who was home-schooled - which may help explain why he's also such a tone-deaf anti-market sociopath) are just too stupid and arrogant to have the humility and the shame to shut the fuck up and listen to the users when everyone has been pointing out these massive lethal bugs in Core's shitty code.
Greg, Adam, Luke-Jr, and Theymos are the most damaging people in Bitcoin
These are the four main people who are (consciously or unconsciously) attempting to sabotage Bitcoin:
These toxic idiots are too stupid and shameless and sheltered - and too anti-social and anti-market - to even begin to recognize the lethal bugs they have been trying to introduce into Bitcoin's specification and our community.
Users decide on specifications. Devs merely provide implementations.
Guys like Greg think that they're important because they can do implemenation-level stuff (like avoiding memory leaks in C++ code).
But they are total failures when it comes to specification-level stuff (ie, they are incapable of figuring out how to "grow" a potentially multi-trillion-dollar market by maximally leveraging available technology).
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.
https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
Greg, Adam, Luke-Jr and Theymos apparently lack the social and economic awareness and human decency to feel any guilt or shame for the massive damage they are attempting to inflict on Bitcoin - and on the world.
Their ignorance is no excuse
Any dev who is ignorant enough to attempt to propose adding such insidious bugs to Bitcoin needs to be rejected by the Bitcoin community - no matter how many years they keep on loudly insisting on trying to sabotage Bitcoin like this.
The toxic influence and delusional lies of AXA-funded Blockstream CTO Greg Maxwell, CEO Adam Back, attack dog Luke-Jr and censor Theymos are directly to blame for the slow-motion disaster happening in Bitcoin right now - where Bitcoin's market cap has continued to fall from 100% towards 60% - and is continuing to drop.
When bitcoin drops below 50%, most of the capital will be in altcoins. All they had to do was increase the block size to 2mb as they promised. Snatching defeat from the jaws of victory.
https://np.reddit.com/btc/comments/68219y/when_bitcoin_drops_below_50_most_of_the_capital/
u/FormerlyEarlyAdopter : "I predict one thing. The moment Bitcoin hard-forks away from Core clowns, all the shit-coins out there will have a major sell-off." ... u/awemany : "Yes, I expect exactly the same. The Bitcoin dominance index will jump above 95% again."
https://np.reddit.com/btc/comments/5yfcsw/uformerlyearlyadopter_i_predict_one_thing_the/
Market volume (ie, blocksize) should be decided by the market - not based on some arbitrary number that some ignorant dev pulled out of their ass
For any healthy cryptocurrency, market price and market capitalization and market volume (a/k/a "blocksize") are determined by the market - not by any dev team, not by central bankers from AXA, not by economically ignorant devs like Adam and Greg (or that other useless idiot - Core "Lead Maintainer" Wladimir van der Laan), not by some drooling pathological delusional authoritarian freak like Luke-Jr, and not by some petty tyrant and internet squatter and communmity-destroyer like Theymos.
The only way that Bitcoin can survive and prosper is if we, as a community, denounce and reject these pathological "centralized blocksize" control freaks like Adam and Greg and Luke and Theymos who are trying to use tricks like fiat and censorship and lies (in collusion with their army of trolls organized and unleashed by the Dragons Den) to impose their ignorance and insanity on our currency.
These losers might be too ignorant and anti-social to even begin to understand the fact that they are attempting to sabotage Bitcoin.
But their ignorance is no excuse. And Bitcoin is getting ready to move on and abandon these losers.
There are many devs who are much better than Greg, Adam and Luke-Jr
A memory leak is an implementation error, and a centrally planned blocksize is a specification error - and both types of errors will be avoided and removed by smart devs who listen to the community.
There are plenty of devs who can write Bitcoin implementations in C++ - plus plenty of devs who can write Bitcoin implementations in other languages as well, such as:
Greg, Adam, Luke-Jr and Theymos are being exposed as miserable failures
AXA-funded Blockstream CTO Greg Maxwell, CEO Adam Back, their drooling attack dog Luke-Jr and their censor Theymos (and all the idiot small-blockheads, trolls, and shills who swallow the propaganda and lies cooked up in the Dragons Den) are being exposed more and more every day as miserable failures.
Greg, Adam, Luke-Jr and Theymos had the arrogance and the hubris to want to be "trusted" as "leaders".
But Bitcoin is the world's first cryptocurrency - so it doesn't need trust, and it doesn't need leaders. It is decentralized and trustless.
C++ devs should not be deciding Bitcoin's volume. The market should decide.
It's not suprising that a guy like "One-Meg Greg" who adopts a nick like u/nullc (because he spends most of his life worrying about low-level details like how to avoid null pointer errors in C++ while the second-most-powerful fiat finance corporation in the world AXA is throwing tens of millions of dollars of fiat at his company to reward him for being a "useful idiot") has turned to be not very good at seeing the "big picture" of Bitcoin economics.
So it also comes as no suprise that Greg Maxwell - who wanted to be the "leader" of Bitcoin - has turned out to be one of most harmful people in Bitcoin when it comes to things like growing a potentially multi-trillion-dollar market and economy.
All the innovation and growth and discussion in cryptocurrencies is happening everywhere else - not at AXA-funded Blockstream and r\bitcoin (and the recently discovered Dragons Den, where they plan their destructive social engineering campaigns).
Those are the censored centralized cesspools financed by central bankers and overrun by loser devs and the mindless trolls who follow them - and supported by inefficient miners who want to cripple Bitcoin with centrally planned blocksize (and dangerous "Anyone-Can-Spend" SegWit).
Bitcoin is moving on to bigger blocks and much higher prices - leaving AXA-funded Blockstream's crippled censored centrally planned shit-coin in the dust
Let them stagnate in their crippled shit-coin with its centrally planned, artificial, arbitrary 1MB 1.7MB blocksize, and SegWit's Anyone-Can-Spend hack kludge poison-pill.
Bitcoin is moving on without these tyrants and liars and losers and sociopaths - and we're going to leave their crippled censored centrally planned shit-coin in the dust.
Core/Blockstream are now in the Kübler-Ross "Bargaining" phase - talking about "compromise". Sorry, but markets don't do "compromise". Markets do COMPETITION. Markets do winner-takes-all. The whitepaper doesn't talk about "compromise" - it says that 51% of the hashpower determines WHAT IS BITCOIN.
https://np.reddit.com/btc/comments/5y9qtg/coreblockstream_are_now_in_the_k%C3%BCblerross/
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.
https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
1 BTC = 64 000 USD would be > $1 trillion market cap - versus $7 trillion market cap for gold, and $82 trillion of "money" in the world. Could "pure" Bitcoin get there without SegWit, Lightning, or Bitcoin Unlimited? Metcalfe's Law suggests that 8MB blocks could support a price of 1 BTC = 64 000 USD
https://np.reddit.com/btc/comments/5lzez2/1_btc_64_000_usd_would_be_1_trillion_market_cap/
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
submitted by ydtm to btc [link] [comments]

Just like that, pages are removed to fit the narrative

submitted by InfPermutations to btc [link] [comments]

After a period of calm, top mod of /r/Bitcoin returns, enacts strict moderation, and states "If 90% of /r/Bitcoin users find these policies to be intolerable, then I want these 90% of /r/Bitcoin users to leave"

Full thread: https://np.reddit.com/Bitcoin/comments/3h9cq4/its_time_for_a_break_about_the_recent_mess/ (negative-something points, 30% upvoted)
Theymos states that Bitcoin-XT discussion (an alternative client with a lot of support) will continue to be off-limits until it is supported by the majority of users, at which point discussion of normal Bitcoin clients will become off-limits. Currently this means an almost certain ban according to his post.
Quick background: The controversial purpose of Bitcoin-XT is to eventually increase block size, which increases transactions per second and enables some other uses. It is an incompatible change with standard Bitcoin clients, however it's considered important by virtually everyone working on Bitcoin (though they may not agree with how it's being done here).
You've got to go. Your usefulness as a moderator here has come to an end.
If only there was a prediction market for that.
I'm surprised more people don't realize the kind of world we're migrating towards. The future that cryptocurrency enables is not one in which you'd want to tick off large numbers of people.
those last two are a not-really-veiled nod to assassination markets
Thank you for your work theymos. There's a respectful bunch of bitcoin users that fully appreciate your dedication.
You'd have made it big in Germany in the later 1930s.
I thought this subreddit was finally becoming a free platform for discussion until I saw this post. It's becoming more bureaucratic and censored.
That is it. I'm unsubbing. Farewell my fellow bitcoiners. Hope we meet again one day on a platform with true freedom of speech.
https://en.wikipedia.org/wiki/Principality_of_Sealand
There's also a number of unhappy users over at /Bitcoin_uncensored/new/ complaining about bans/post deletions.
submitted by AlyoshaV to SubredditDrama [link] [comments]

SegWit would make it HARDER FOR YOU TO PROVE YOU OWN YOUR BITCOINS. SegWit deletes the "chain of (cryptographic) signatures" - like MERS (Mortgage Electronic Registration Systems) deleted the "chain of (legal) title" for Mortgage-Backed Securities (MBS) in the foreclosure fraud / robo-signing fiasco

Summary (TL;DR)

Many people who study the financial crisis which started in 2008 know about "MERS", or "Mortgage Electronic Registration Systems" - a company / database containing over 62 million mortgages.
(The word "mortgages" may be unfamiliar to some non-English speakers - since it is not a cognate with most other languages. In French, they say "hypothèques", or "hipotecas" in Spanish, "Hypotheken" in German, etc).
The goal of MERS was to "optimize" the process of transferring "title" (legal ownership) of real-estate mortgages, from one owner to another.
But instead, in the 2010 "foreclosure crisis", MERS caused tens of billions of dollars in losses and damages - due to the "ususual" way it handled the crucial "ownership data" for real-estate mortgages - the data at the very heart of the database.
https://duckduckgo.com/?q=%22foreclosure+fraud%22+%22robo+signing%22+MERS&t=h_&ia=web
How did MERS handle this crucial "ownership data" for real-estate mortgages?
The "brilliant" idea behind MERS to "optimize" the process of conveying (transferring) mortgages was to separate - and eventually delete - all the data proving who transferred what to whom!
Hmm... that sounds vaguely familiar. What does that remind me of?
SegWit separating and then deleting the "chain of (cryptographic) signatures" for bitcoins sounds a lot like MERS separating and then deleting the "chain of (legal) title" for mortgages.
So, SegWit and MERS have a lot in common:
Of course, the "experts" (on Wall Street, and at AXA-owned Blockstream) present MERS and SegWit as "innovations" - as a way to "optimize" and "streamline" vast chains of transactions reflecting ownership and transfer of valuable items (ie, real-estate mortgages, and bitcoins).
But, unfortunately, the "brilliant bat-shit insane approach" devised by the "geniuses" behind MERS and SegWit to do this is to simply delete the data which proved ownership and transfer of these items - information which is essential for legal purposes (in the case of mortgages), or security purposes (in the case of bitcoins).
So, the most pernicious aspect of SegWit may be that it encourages deleting all of Bitcoin's cryptographic security data - destroying the "chain of signatures" which (according to the white paper) are what define what a "bitcoin" actually is.
Wow, deleting signatures with SegWit sounds bad. Can I avoid SegWit?
Yes you can.
To guarantee the long-term cryptographic, legal and financial security of your bitcoins:

Details

MERS = "The dog ate your mortgage's chain of title".
SegWit = "The dog ate your bitcoin's chain of signatures."
Wall Street-backed MERS = AXA-backed SegWit
It is probably no coincidence that:
How is AXA related to Blockstream?
Insurance multinational AXA, while not a household name, is actually the second-most-connected "fiat finance" firm in the world.
AXA's former CEO Pierre Castries was head of the secretive Bilderberg Group of the world's ultra-rich. (Recently, he moved on to HSBC.)
Due to AXA's massive exposure to derivatives (bigger than any other insurance company), it is reasonable to assume that AXA would be destroyed if Bitcoin reaches trillions of dollars in market cap as a major "counterparty-free" asset class - which would actually be quite easy using simple & safe on-chain scaling - ie, just using bigger blocks, and no SegWit.
So, the above facts provide one plausible explanation of why AXA-owned Blockstream seems to be quietly trying to undermine Bitcoin...
Do any Core / Blockstream devs and supporters know about MERS - and recognize its dangerous parallels with SegWit?
It would be interesting to hear from some of the "prominent" Core / Blockstream devs and supporters listed below to find out if they are aware of the dangerous similarities between SegWit and MERS:
Finally, it could also be interesting to hear from:
Core / Blockstream devs might not know about MERS - but AXA definitely does
While it is likely that most or all Core / Blockstream devs do not know about the MERS fiasco...
...it is 100% certain that people at AXA (the main owners of Blockstream) do know about MERS.
This is because the global financial crisis which started in 2008 was caused by:
The major financial media and blogs (Naked Capitalism, Zero Hedge, Credit Slips, Washington's Blog, etc.) covered MERS extensively:
https://duckduckgo.com/?q=site%3Anakedcapitalism.com+mers&t=h_&ia=web
https://duckduckgo.com/?q=site%3Azerohedge.com+mers&t=h_&ia=web
https://duckduckgo.com/?q=site%3Acreditslips.org+mers&t=h_&ia=web
https://duckduckgo.com/?q=site%3Awashingtonsblog.com+mers&t=h_&ia=web
So people at all the major "fiat finance firms" such as AXA would of course be aware of CDOs, MBSs and MERS - since these have been "hot topics" in their industry since the start of the global financial crisis in 2008.
Eerie parallels between MERS and SegWit
Read the analysis below of MERS by legal scholar Christopher Peterson - and see if you notice the eerie parallels with SegWit (with added emphasis in bold, and commentary in square brackets):
http://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=3399&context=wmlr
Loans originated with MERS as the original mortgagee purport to separate the borrower’s promissory note, which is made payable to the originating lender, from the borrower’s conveyance of a mortgage, which purportedly is granted to MERS. If this separation is legally incorrect - as every state supreme court looking at the issue has agreed - then the security agreements do not name an actual mortgagee or beneficiary.
The mortgage industry, however, has premised its proxy recording strategy on this separation, despite the U.S. Supreme Court’s holding that “the note and mortgage are inseparable.” [Compare with the language from Satoshi's whitepaper: "We define an electronic coin as a chain of digital signatures."]
If today’s courts take the Carpenter decision at its word, then what do we make of a document purporting to create a mortgage entirely independent of an obligation to pay? If the Supreme Court is right that a “mortgage can have no separate existence” from a promissory note, then a security agreement that purports to grant a mortgage independent of the promissory note attempts to convey something that cannot exist.
[...]
Many courts have held that a document attempting to convey an interest in realty fails to convey that interest if the document does not name an eligible grantee. Courts around the country have long held that “there must be, in every grant, a grantor, a grantee and a thing granted, and a deed wanting in either essential is absolutely void.”
The parallels between MERS and SegWit are obvious and inescapable.
Note that I am not arguing here that SegWit could be vulnerable to attacks from a strictly legal perspective. (Although that may be possible to.)
I am simply arguing that SegWit, because it encourages deleting the (cryptographic) signature data which defines "bitcoins", could eventually be vulnerable to attacks from a cryptographic perspective.
But I heard that SegWit is safe and tested!
Yeah, we've heard a lot of lies from Blockstream, for years - and meanwhile, they've only succeeded in destroying Bitcoin's market cap, due to unnecessarily high fees and unnecessarily slow transactions.
Now, in response to those legal-based criticisms of SegWit in the article from nChain, several so-called "Bitcoin legal experts" have tried to rebut that those arguments from nChain were somehow "flawed".
But if you read the rebuttals of these "Bitcoin legal experts", they sound a lot like the clueless "experts" who were cheerleading MERS for its "efficiency" - and who ended up costing tens billions of dollars in losses when the "chain of title" for mortgages held in the MERS database became "clouded" after all the crucial "ownership data" got deleted in the name of "efficiency" and "optimization".
In their attempt to rebut the article by nChain, these so-called "Bitcoin legal experts" use soothing language like "optimization" and "pragmatic" to try to lull you into believing that deleting the "chain of (cryptographic) signatures" for your bitcoins will be just as safe as deleting the "chain of (legal) notes" for mortgages:
http://www.coindesk.com/bitcoin-legal-experts-nchain-segwit-criticisms-flawed/
The (unsigned!) article on CoinDesk attempting to rebut Nguyen's article on nChain starts by stating:
Nguyen's criticisms fly in the face of what has emerged as broad support for the network optimization, which has been largely embraced by the network's developers, miners and startups as a pragmatic step forward.
Then it goes on to quote "Bitcoin legal experts" who claim that using SegWit to delete Bitcoin's cryptographic signatures will be just fine:
Marco Santori, a fintech lawyer who leads the blockchain tech team at Cooley LLP, for example, took issue with what he argued was the confused framing of the allegation.
Santori told CoinDesk:
"It took the concept of what is a legal contract, and took the position that if you have a blockchain signature it has something to do with a legal contract."
And:
Stephen Palley, counsel at Washington, DC, law firm Anderson Kill, remarked similarly that the argument perhaps put too much weight on the idea that the "signatures" involved in executing transactions on the bitcoin blockchain were or should be equivalent to signatures used in digital documents.
"It elides the distinction between signature and witness data and a digital signature, and they're two different things," Palley said.
And:
"There are other ways to cryptographically prove a transaction is correctly signed other than having a full node," said BitGo engineer Jameson Lopp. "The assumption that if a transaction is in the blockchain, it's probably valid, is a fairly good guarantee."
Legal experts asserted that, because of this design, it's possible to prove that the transaction occurred between parties, even if those involved did not store signatures.
For this reason, Coin Center director Jerry Brito argued that nChain is overstating the issues that would arise from the absence of this data.
"If you have one-time proof that you have the bitcoin, if you don't have it and I have it, logically it was signed over to me. As long as somebody in the world keeps the signature data and it's accessible, it's fine," he said.
There are several things you can notice here:
  • These so-called "Bitcoin legal experts" are downplaying the importance of signatures in Bitcoin - just like the "experts" behind MERS downplayed the importance of "notes" for mortgages.
  • Satoshi said that a bitcoin is a "chain of digital signatures" - but these "Bitcoin legal experts" are now blithely asserting that we can simply throw the "chain of digital signatures" in the trash - and we can be "fairly" certain that everything will "probably" be ok.
  • The "MERS = SegWit" argument which I'm making is not based on interpreting Bitcoin signatures in any legal sense (although some arguments could be made along those lines).
  • Instead, I'm just arguing that any "ownership database" which deletes its "ownership data" (whether it's MERS or SegWit) is doomed to end in disaster - whether that segregated-and-eventually-deleted "ownership data" is based on law (with MERS), or cryptography (with SegWit).
Who's right - Satoshi or the new "Bitcoin experts"?
You can make up your own mind.
Personally, I will never send / receive / store large sums of money using any "SegWit" bitcoin addresses.
This, is not because of any legal considerations - but simply because I want the full security of "the chain of (cryptographic) signatures" - which, according to the whitepaper, is the very definition of what a bitcoin "is".
Here are the words of Satoshi, from the whitepaper, regarding the "chain of digital signatures":
https://www.bitcoin.com/bitcoin.pdf
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
Does that "chain of digital signatures" sound like something you'd want to throw in the trash??
  • The "clever devs" from AXA-owned Blockstream (and a handful of so-called "Bitcoin legal experts) say "Trust us, it is safe to delete the chain of signatures proving ownership and transfer of bitcoins". They're pushing "SegWit" - the most radical change in the history of Bitcoin. As I have repeatedly discussed, SegWit weakens Bitcoin's security model.
  • The people who support Satoshi's original Bitcoin (and clients which continue to implement it: Bitcoin ABC, Bitcoin Unlimited, Bitcoin, Bitcoin Classic - all supporting "Bitcoin Cash" - ie "Bitcoin" without SegWit) say "Trust no one. You should never delete the chain of signatures proving ownership and transfer of your bitcoins."
  • Satoshi said:

We define an electronic coin as a chain of digital signatures.

  • So, according to Satoshi, a "chain of digital signatures" is the very definition of what a bitcoin is.
  • Meanwhile according to some ignorant / corrupt devs from AXA-owned Blockstream (and a handful of "Bitcoin legal experts") now suddenly it's "probably" "fairly" safe to just throw Satoshi's "chain of digital signatures" in the trash - all in the name of "innovation" and "efficiency" and "optimization" - because they're so very clever.
Who do you think is right?
Finally, here's another blatant lie from SegWit supporters (and small-block supporters)
Let's consider this other important quote from Satoshi's whitepaper above:
A payee can verify the signatures to verify the chain of ownership.
Remember, this is what "small blockers" have always been insisting for years.
They've constantly been saying that "blocks need to be 1 MB!!1 Waah!1!" - even though several years ago the Cornell study showed that blocks could already be 4 MB, with existing hardware and bandwidth.
But small-blockers have always insisted that everyone should store the entire blockchain - so they can verify their own transactions.
But hey, wait a minute!
Now they turn around and try to get you to use SegWit - which allows deleting the very data which insisted that you should download and save locally to verify your own transactions!
So, once again, this exposes the so-called "arguments" of small-blocks supporters as being fake arguments and lies:
  • On the one hand, they (falsely) claim that small blocks are necessary in order for everyone to be run "full nodes" because (they claim) that's the only way people can personally verify all their own transactions. By the way, there are already several errors here with what they're saying:
    • Actually "full nodes" is a misnomer (Blockstream propaganda). The correct terminology is "full wallets", because only miners are actually "nodes".
    • Actually 1 MB "max blocksize" is not necessary for this. The Cornell study showed that we could easily be using 4 MB or 8 MB blocks by now - since, as everyone knows, the average size of most web pages is already over 2 MB, and everyone routinely downloads 2 MB web pages in a matter of seconds, so in 10 minutes you could download - and upload - a lot more than just 2 MB. But whatever.
  • On the other hand, they support SegWit - and the purpose of SegWit is to allow people to delete the "signature data".
    • This conflicts with their argument the everyone should personally verify all their own transactions. For example, above, Coin Center director Jerry Brito was saying: "As long as somebody in the world keeps the signature data and it's accessible, it's fine."
    • So which is it? For years, the "small blockers" told us we needed to all be able to personally verify everything on our own node. And now SegWit supporters are telling us: "Naah - you can just rely on someone else's node."
    • Plus, while the transactions are still being sent around on the wire, the "signature data" is still there - it's just "segregated" - so you're not getting any savings on bandwidth anyways - you'd only get the savings if you delete the "signature data" from storage.
    • Storage is cheap and plentiful, it's never been the "bottleneck" in the system. Bandwidth is the main bottleneck - and SegWit doesn't help that at all, because it still transmits all the data.
Conclusion
So if you're confused by all the arguments from small-blockers and SegWitters, there's a good reason: their "arguments" are total bullshit and lies. They're attempting to contradict and destroy:
  • Satoshi's original design of Bitcoin as a "chain of digital signatures":
"We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership."
  • Satoshi's plan for scaling Bitcoin by simply increasing the goddamn blocksize:
Satoshi Nakamoto, October 04, 2010, 07:48:40 PM "It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit / It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete."
https://np.reddit.com/btc/comments/3wo9pb/satoshi_nakamoto_october_04_2010_074840_pm_it_can/
  • The the notorious mortgage database MERS, pushed by clueless and corrupt Wall Street bankers, deleted the "chain of (legal) title" which had been essential to show who conveyed what mortgages to whom - leading to "clouded titles", foreclosure fraud, and robo-signing.
  • The notorious SegWit soft fork / kludge, pushed by clueless and corrupt AXA-owned Blockstream devs, allows deleting the "chain of (cryptographic) signatures" which is essential to show who sent how many bitcoins to whom - which could lead to a catastrophe for people who foolishly use SegWit addresses (which can be avoided: unsafe "SegWit" bitcoin addresses start with a "3" - while safe, "normal" Bitcoin addresses start with a "1").
  • Stay safe and protect your bitcoin investment: Avoid SegWit transactions.
[See the comments from me directly below for links to several articles on MERS, foreclosure fraud, robo-signing, "clouded title", etc.]
submitted by ydtm to btc [link] [comments]

Core/Blockstream are now in the Kübler-Ross "Bargaining" phase - talking about "compromise". Sorry, but markets don't do "compromise". Markets do COMPETITION. Markets do winner-takes-all. The whitepaper doesn't talk about "compromise" - it says that 51% of the hashpower determines WHAT IS BITCOIN.

They've finally entered the Kübler-Ross "bargaining" phase - now they're begging for some kind of "compromise".
But actually, markets aren't about compromise. Markets are about competition. Markets are about winner-takes-all.
And the Bitcoin whitepaper never mentions anything about "compromise".
It simply says that 51% of the hashpower determines what is Bitcoin.
And as we know - the best coin will win.
Which will probably be Bitcoin Unlimited with its market-based blocksizes - and not SegWit with its 1.7MB centrally planned blocksize based on a dangerous anyone-can-spend spaghetti-code soft-fork.
Let's review how this played out:
And lo and behold, Core/Blockstream's reliance on fiat funding and central planning and censorship has culminated in this pathetic piece of shit called SegWit, with the following worthless "features" that nobody even wants:
No wonder the only two miners who are supporting this pathetic piece of shit called SegWit are Blockstream's two buddies BitFury and BTCC - who are (surprise! surprise!) also funded by the same corrupt fiat-financed central bankers who fund Blockstream itself.
Market-based solutions from independent devs are better than censorship-based non-solutions from devs getting paid by central bankers
So eventually, a couple of market-based, non-fiat-funded dev teams produced Bitcoin Unlimited and Bitcoin Classic.
And (surprise! surprise!) these two market-based, non-fiat-funded dev teams produced much better technology and economics - based on the original principles of Satoshi's Bitcoin:
By listening to real people in the actual market, and by following Satoshi's principles as stated in the whitepaper, Bitcoin Unlimited has been able to (surprise! surprise!) offer what real people in the actual market actually want - which is currently:
FlexTrans is much better than SegWit
Also, these independent, non-fiat-financed devs developed Flexible Transactions, which is way better than SegWit.
Flexible Transactions can easily fix malleability and quadratic hashing - while also introducing a simple, easy-to-use, future-proof tag-based format similar to JSON or HTML permitting future upgrades without the need for a hard fork.
So Flexible Transactions provides the same things as SegWit - without the dangerous mess of SegWit's "anyone-can-spend" soft-fork hack - which Core/Blockstream tried to force on everyone - because they want to take away our right to vote via a hard fork - because they know that if we actually had a hard fork a/k/a full node referendum, everyone would vote against Core/Blockstream.
The market wants to decide the blocksize
So more and more of the smart, non-Blockstream-aligned miners, starting with ViaBTC and now including many others, have been adopting Bitcoin Unlimited - because they understand that:
  • Market-based blocksizes are the right, consensus-based mechanism to provide simple and safe on-chain scaling to solve the urgent problems of transaction delays and network congestion - now and in the future
  • Every increase in the blocksize roughly corresponds to the same increase squared in terms of price
  • ie 2x bigger blocks will lead to 4x higher price, 3x bigger blocks will correspond with 9x higher price, etc. - which means that bigger blocks will make everyone happy: more profits for miners, and no more high fees or transaction delays for users.
Now Core/Blockstream are starting to bitch and moan and beg about "compromise"
And actually, we couldn't answer "Sorry it's too late for compromise" even if we wanted to.
Because markets and economics and cryptocurrencies aren't about compromises.
Markets are about competition - they're about winner-takes-all.
Nakamoto Consensus is about 51% of the hashpower decides what the rules are.
Imagine if Yahoo Email were to suddenly start begging with Google Mail for "compromise". What would that even mean in the first place??
Yahoo wrote crappy email code - based on their crappy corporate culture - so the market abandoned their crappy (and buggy and insecure) email service.
Core/Blockstream is similar in some ways to Yahoo. They wrote crappy code - because they have a crappy "corporate culture" - because they accept millions of dollars in fiat from central bankers at places like AXA - and because they accept censorship on shit-forums like r\bitcoin - which is why they have no clue about the real needs of real people in the real market in the real world.
Censorship and fiat made Core/Blockstream fragile and out-of-touch
Core/Blockstream devs enjoy the "luxury" of being able to put their head in the sand and hide from the reality of the "shreaking" masses of actual people actually trying to use Bitcoin, because:
  • They get millions of dollars in fiat shoveled to them by central bankers,
  • They conduct their "debates" in the fantasy-land of the shit-forum r\bitcoin where all the important comments get deleted and all the intelligent posters got banned long ago - including quotes from Satoshi.
And then (surprise! surprise!) the following happened:
But in a decentralized, permissionless, open-source system like Bitcoin, there is not a single thing that CEO Adam Back u/adam3us and CTO Greg Maxwell u/nullc at their shitty little AXA-funded startup Blockstream or u/theymos and u/bashco on their shitty little censored forum r\bitcoin can do to stop Bitcoin Unlimited from taking over the network - because in open-source and in economics and in markets, the best code and the best cryptocurrency wins.
Everyone (except Core/Blockstream) predicted this would happen
So now - predictably - the Core/Blockstream devs and their low-information supporters are all running around saying "Nobody could have predicted this!"
But actually everyone has been shouting at the top of their lungs predicting this for years - including the most important old-time Bitcoin devs supporting on-chain scaling like Mike Hearn, Gavin Andresen and Jeff Garzik who were all "censored, hounded, DDoS'd, attacked, slandered & removed" - plus new-time devs like Peter Rizun u/Peter__R who provided major scaling innovations like XThin - by the vicious drooling toxic authoritarian goons involved with Core/Blockstream.
Everyone has been predicting the current delays and congestion and high fees for years, out here in the reality of the marketplace, in the reality of the uncensored forums - away from Core/Blockstream's centralized back-room closed-door fiat-funded censorship-supported PowerPoint presentations in Hong Kong and Silicon Valley, away from years and years of Core/Blockstream's all-talk-no-action scaling stalling conferences.
The Honey Badger of Bitcoin doesn't give a fuck about "compromise" and "censorship" and "central planning".
The Honey Badger of Bitcoin doesn't give a fuck about yet-another centrally planned blocksize (Now with 1.7MB! SegWit is scaling!TM) which some economically ignorant fiat-funded dev team happened to pull out of their ass and bundle into a radical and irresponsible spaghetti-code SegWit soft-fork.
Markets aren't about "compromise". Markets are about competition.
As u/ForkiusMaximus recently pointed out: The market couldn't even give a fuck if it wanted to - because markets and cryptocurrencies are not about the politics of "compromise" - they're about the economics of competition.
Markets are about decentralization, and they're about Nakamoto Consensus, where 51% of the hashpower decides the rules and everyone else either gets on the bandwagon or withers away watching their hashpower and coin price sink into oblivion.
So, anyone who even brings up the topic of "compromise" is simply showing that they have a fundamental misunderstanding of how markets work, and how Nakamoto Consensus works.
This actually isn't very surprising. Blockstream CEO Adam Back u/adam3us and Blockstream CTO Greg Maxwell u/nullc and all the rest of the so-called "Core devs" and all their low-information hangers-on like the economic idiot Blockstream founder Mark Friedenbach u/maaku7 have never really understood Bitcoin or markets.
And that's fine and normal. Plenty of individuals don't understand markets very well. But such people simply lose their own money - and they generally don't get put in charge of losing $20 billion of other people's money.
Markets don't need managers or central planners.
Markets run very well on their own - and they don't like central planning or censorship.
Now Core/Blockstream has finally entered the Kübler-Ross "bargaining" phase
So now some people at Core/Blockstream and some of their low-information supporters have have started bitching and moaning and whining about "compromise", as they sink into the Kübler-Ross "bargaining" phase - while their plans are all in shambles, and they've failed in their attempts to hijack our network and our currency.
Meanwhile, the Honey Badger of Bitcoin doesn't give a fuck about a bunch of central planners and censors whining about "compromise".
Bitcoin Unlimited just keeps stealing more and more hashpower away from Core - until the day comes when we decide to fork their ass into the garbage heap of shitty, failed alt-coins.
Fuck Blockstream/Core and the central bankers and censors they rode in on
We told them for years that they were only shooting themselves in the foot with their closed-door back-room fiat-financed wheeling and dealing and their massive censorship.
We told them they were only giving themselves enough rope to hang themselves with.
Now that it's actually happening, we couldn't say "it's too late for compromise" even if we wanted to - because there is no such thing as "compromise" in markets or cryptocurrencies.
Markets are all about competition
And Bitcoin is all about 51% of the hashpower.
  • Bitcoin Core decided to bet on hard-coded centrally planned 1.7MB blocksize based on a a shitty spaghetti-code soft-fork. That's their choice. They made their bed now let them lie in it.
  • Meanwhile, Bitcoin Unlimited decided to bet on market-based blocksizes. And that's the market's choice. Bitcoin Unlimited listened to the market - and (suprise! surprise!) that's why more and more hashpower is now mining Bitcoin Unlimited blocks.
Ladies and Gentlemen, start your engines Bitcoin Unlimited nodes.
And may the best coin win.
submitted by ydtm to btc [link] [comments]

Peter Doherty - COVID19 Pandemic: Research & Action feltetdk - YouTube Roger Ver Wants to Buy Bitcoin.org - YouTube raekotz - YouTube TATOUTEX Pose d'un sticker mural - YouTube

User:Theymos. From Bitcoin Wiki. Jump to: navigation, search. I am head administrator of the Bitcoin Forum and /r/Bitcoin. I wrote Bitcoin Block Explorer, but I don't run it anymore. I currently own the bitcoin.it domain name, but you should not contact me about wiki administration. Contact me via email or forum PM. I am not reliably available elsewhere (especially not on IRC). Retrieved from ... Da nur wenige Schriftarten das Bitcoin-Symbol enthalten, wurde von Theymos eine spezielle Schriftart erstellt, die ursprünglich für das BitcoinTalk-Forum erstellt wurde. Die Schriftart besteht nur aus dem Bitcoin-Symbol (BTC), das in der Glyphe für den Großbuchstaben B verwendet wird. Der Text "BTC" kann mit dieser Schriftart eingegeben und formatiert werden, sodass sie auf den ... From Bitcoin.com (11-2019): "The owner of r/bitcoin, bitcointalk.org, and the en.bitcoin.it/ (Wiki) page, Theymos is a well known character in the crypto space. Theymos has been involved with Bitcoin since the very early days and in recent years he’s been accused of mass censorship. From Bitcoin Wiki < User:Theymos. Jump to: navigation, search. The phrase "be your own bank" is often used with Bitcoin, and while it accurately conveys Bitcoin's ability to empower people, it also hints at the increased responsibility that Bitcoin users must accept. Unlike at a traditional bank: If you lose your wallet file, or forget your wallet password, or the hard drive containing your ... Die dritte involvierte Person ist theymos. Am 17. Oktober gab es einen Handels-IRC-Kanal #bitcoin-otc. Am 28. Oktober war die erste Short-Trade-Transaktion für 100 Münzen (vom Benutzer Nanotube zur Benutzer kiba). Die Transaktionsdatenbank war der Handelskanal #bitcoin-otc. Am 6. November betrug die Kapitalisierung von Bitcoin 1 Million US-Dollar. Der Wechselkurs an der MtGox-Börse hat $ 0 ...

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Peter Doherty - COVID19 Pandemic: Research & Action

Feltet.dk vil løbende smide et par gratis klip ud fra vores Media Player, så folk kan se, hvad det er. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Interview with Nobel Laureate Professor Peter Doherty on the COVID-19 pandemic, the nature of COVID-19, where it came from, it's similarities to influenza ot... Tipps, Hilfestellungen und Informationen zu verschiedenen Rechtsfragen durch die Rechtsanwälte Kotz aus Kreuztal bei Siegen. Herr Rechtsanwalt Hans Jürgen Ko... In August 2008, an individual believed to be Bitcoin creator, Satoshi Nakamoto, purchased Bitcoin.org through an anonymous domain registrar. When Satoshi lef...

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