Core is not stupid and they know that they will eventually lose the main chain if the BU threat is real and EC is actually implemented. Core will have to cede the main chain under that scenario.


But the real question is does Core HF before EC even kicks in.

think about that....

We are in this mess because they didn't want to hardfork a 20, 8, 4 or 2 MB blocksize limit adjustment. And now they want to hardfork from current PoW to something else. This is a much harder hardfork than just changing one variable. And it will not be easy to get consensus for that either. And one thing is sure, the miners of today will not be super happy with it. But maybe Core can pull it off, if they try to I might have to invest in popcorn companies...

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Coinbase is all ****ed up. Apparently many people are showing 0 balances in USD where they have money. My buddy just texted me a pic, he has 20k worth of BTC that's not his. I snap got my few coins off of there. It also let me withdraw which is a bit concerning, I was thinking I'd get a message saying something like "withdraws are temporarily disabled as we fix this ****"

Yikes! And I was just going to buy a dozen coins from Coinbase - guess I'll wait until the prices crash further. :-)

Jihan just basically admitted that he is obstructing Segwit because he is concerned that second layer solutions will reduce transaction fees...

So basically he wants to perma block second layer solutions? And people still support BU / ceding power to the miners

The bitcoin economy is comprised of many actors acting in their own self-interests, which in theory collectively serve to make bitcoin more robust.

Miners are doing what is best for miners, which may in fact be what is best for bitcoin.

Best for Bitcoin you say?

Update:



Sorry. Just want to make my future "told you so" more apparent to all BU supporters.

you really shouldnt ever leave any btc on coinbase. since they have the private key you dont own the btc all you really have is a promise from them to pay you. if coinbase gets hacked or they decide to lock your account for "illegal gambling" - you are screwed.

Lol. Giving 5 mining pool operators the full control over the blocksize is good for bitcoin? I understand why miners want BU/EC as it gives them more power. I just don't understand some "users" who did some proper research into how EC works (MG/EB/AD parameters etc.) can seriously think BU is better. Bigger blocks fan? Great! But EC? Lol. Either indoctrinated or unaware of how it works. Not even talking about all the bugs, lack of peer reviewing, lack of testing.. and now they are releasing updates closed-source.... lmao.

If miners go through with this, they might be surprised when they realize they are mining a worthless altcoin.

I understand, it's just there was a sick arb opportunity the other day I wanted to take advantage of and when it was done, I could only withdraw the 10k max for the day. I thought the opportunity might arise again so I didn't want to use my 10k max for the day because I have to shift fund between sites to take full advantage of it. Anyway, I requested for a max withdrawal limit increase a week ago and haven't heard back. They even have a "increase limits" button that says it will be reviewed in 3 days. It's scary how incompetent coinbase is. It's always felt like one guys running it. Just a matter of time until they **** up or someone robs them for the biggest heist in history.

Right on queue. Jihan Wu temper tantrum



Haven't you heard? An existentially dangerous solution is better than waiting for better alternatives or an excellent solution that is available now.... for reasons

Was at Sams Club today. Upon checkout, the cashier had me download a "Scan and go" app that allows you to scan your items with your phone, pay with your phone and skip the whole cashier line. Pretty genius idea, actually pretty simple, not sure why it wasn't done before. I'm guessing this will become widespread, and if it does, I wonder if many retail stores will start to accept digital currency down the road. Would only make sense.

The funny part was I said I would just download it later.. she said no download it now so she can get credit for it today, she needs to get 8 people. I said, you just got your 8th and now you'll lose your job. She laughed and said she didn't wanna work anymore anyway.

https://www.reddit.com/r/Bitcoin/com...1000_trillion/

https://lbc.cryptoguru.org/trophies

I don't get how nobody ever thinks this is a problem. I only roll with it because all these "smart" people say the number is plenty large. But if some group just ****ing around managed to find 2 keys with funds on them, what is a large amount of people capable of doing in 10 years?

There should be no way to brute force this ****. Saying it takes so and so a certain amount of time to get a key, and that's plenty just doesn't cut it.

They are finding a private key about once a month (most with no funds).. WTF!

Sensationalist bull****. They are just doing a boring sequential brute-force, finding some addresses with low entropy private keys. The collisions they find are either from people just having fun and sending small amounts to things like the address corresponding to some arbitrary private key (e.g. "1") or faulty wallet software creating low entropy private keys (which has definitely happened in the past). It has no impact on the security of properly created key pairs.

Also, the author(s) seem(s) completely clueless about basic crypto, mathematics, and logic.

Well considering I've never even seen my private keys, how am I suppose to know if it's low entropy? Couldn't a brute force program be programmed to search in a random fashion, thus all keys are the same likely hood of being found and there is no such thing as low entropy.

I mean, we're talking about a series of digits with a certain number of possibilities. The # of possibilities doesn't change with what letters or numbers you decide to choose.

How does it make sense? Their prices will still be in USD and that's how they want to get paid. How is paying through an app with no assistance different than paying with a credit card at the cashier?

Your private key is just a (hopefully) random number between 0 and some extremely large number (usually 2^128, with an effective maximum of 2^160, since that is the range of bitcoin addresses). Searching through even a significant part of all possible numbers from 1 to 2^160 is ~impossible.

However, if you choose a number from a way smaller range (e.g. due to a bug in your wallet software), lets say between 0 and 2^64, an attacker that just starts from 1 and moves up will find your key in his first 2^64 tries! (while an attacker who just picks a random 160-bit key every time won't improve his chances).

It's more digital in sense. Peoples wallets will now be on their phone, not in their pocket. Obv they would still take the USD by using bitpay or coinbase. The work to pay is now on the users end too, you don't have to train and implement how to accept BTC at every cashier. I'm not saying it's going to happen tomorrow, but with the direction things are moving I would be surprised if it wasn't an option in a few years.

Any advice concerning investing in Ethereum and holding for 2-5 years?

can someone explain to me why dash is at $100

it doesn't make any sense

I think investing in ethereum is fine. I think having a fixed hodl term in such a fast moving space is not a good idea

thats what this guy thought - https://www.reddit.com/r/ethtrader/c...l_margin_call/

Okay, I understand. What is the best method of holding the ethereum safely? A secure wallet?