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Apr 29, 2024 12:22
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- anthonypants
- May 6, 2007
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by Nyc_Tattoo
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Dinosaur Gum
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quote:The way a decentralized reddit works is like this. Each user has an app, the reddit app, which connects to the reddit p2p network. For most users, the app is a normal web app. Each user funds their own app with a small amount of bitcoin. In order to download content, the user pays a very, very small amount of bitcoin to the peers on the network. This incentivizes people to keep the app open so as to keep servicing the other users. Furthermore, when a user upvotes content, that sends a small amount of bitcoin to the author of that content, thus incentivizing the production of good content. If all the content is authenticated, we can be reasonably sure most payments are going to the right people.
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Jul 7, 2015 16:55
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- Heresiarch
- Oct 6, 2005
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Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.
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this is a pro-read, gonna share it with some computers people i know and hope they get the message
thanks, i didn't get a lot of feedback on it and this sort of thing is nice to hear
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Jul 7, 2015 17:04
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- trucutru
- Jul 9, 2003
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by Fluffdaddy
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quote:
Each user funds their own app with a small amount of bitcoin. In order to download content, the user pays a very, very small amount of bitcoin to the peers on the network.
Has anybody told the butters that, with the current 30 cent fee for prompt-verification, butts are no longer a competitive micro-transaction platform?
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Jul 7, 2015 17:15
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- rjmccall
- Sep 7, 2007
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no worries friend
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Fun Shoe
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thanks, i didn't get a lot of feedback on it and this sort of thing is nice to hear
i also thought it was great and then completely neglected to say anything about it, so here goes
it was great, thanks for being awesome as usual
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Jul 7, 2015 17:15
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- Sentient Data
- Aug 31, 2011
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My molecule scrambler ray will disintegrate your armor with one blow!
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Has anybody told the butters that, with the current 30 cent fee for prompt-verification, butts are no longer a competitive micro-transaction platform?
Nobody ever said that bitcoin was good for micropayments, you damned toll troll shill!!!!
http://www.reddit.com/r/Bitcoin/comments/3cdwd5
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Jul 7, 2015 17:26
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- theflyingorc
- Jun 28, 2008
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ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS
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Young Orc
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and yeah of course it's javascript
Like, they get that the average piece of content gets like 4 upvotes, right?
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Jul 7, 2015 17:27
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- indigi
- Jul 20, 2004
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how can we not talk about family
when family's all that we got?
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i also thought it was great and then completely neglected to say anything about it, so here goes
it was great, thanks for being awesome as usual
same
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Jul 7, 2015 17:28
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- Stanley Pain
- Jun 16, 2001
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by Fluffdaddy
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has anyone said sabotachi yet?
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Jul 7, 2015 17:37
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- Ron Paul Atreides
- Apr 19, 2012
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Uyghurs situation in Xinjiang? Just a police action, do not fret. Not ongoing genocide like in EVIL Canada.
I am definitely not a tankie.
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Like, they get that the average piece of content gets like 4 upvotes, right?
they don't care, all that matters is decentralized and bitcoin, useful functionality is secondary
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Jul 7, 2015 17:43
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- theflyingorc
- Jun 28, 2008
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ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS
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Young Orc
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they don't care, all that matters is decentralized and bitcoin, useful functionality is secondary
i'm not sure. i think a lot of them are enticed by "i will make popular web content and get upvoted and make SO MUCH MONEY!" not realizing that nearly all massively upvoted content comes from established content creators.
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Jul 7, 2015 17:45
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- evilweasel
- Aug 24, 2002
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Like, they get that the average piece of content gets like 4 upvotes, right?
not once you're paying for them they dont
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Jul 7, 2015 17:45
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- theflyingorc
- Jun 28, 2008
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ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS
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Young Orc
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not once you're paying for them they dont
that's an excellent point
the other thing about the "tipping economy" - tipping isn't meaningful until the money is taken OUT of the tipping economy and used to buy things, in effect this is a lot of effort to make sure that every video PewDiePie posts, we indirectly buy him a jetski
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Jul 7, 2015 17:53
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- FCKGW
- May 21, 2006
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with the current backlog time, it's faster to drive your money from one side of the country to another than it is to send a bitcoin
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Jul 7, 2015 18:10
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- anthonypants
- May 6, 2007
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by Nyc_Tattoo
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Dinosaur Gum
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with the current backlog time, it's faster to drive your money from one side of the country to another than it is to send a bitcoin
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Jul 7, 2015 18:13
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- trucutru
- Jul 9, 2003
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by Fluffdaddy
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with the current backlog time, it's faster to drive your money from one side of the country to another than it is to send a bitcoin
But how about remittances?
hmm no, that idea's too centralized. what if, we get a network of relay runners, and
in the early days of butts this was actually suggested by an ideas man. A blind dead-drop relay runner service. Since you didn't know what you were carrying (it is drugs) you had plausible deniability, as I learned from some law books I found in a trash bin.
trucutru fucked around with this message at 18:23 on Jul 7, 2015
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Jul 7, 2015 18:20
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- Magrov
- Mar 27, 2010
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I'm completely lost and have no idea what's going on. I'll be at my bunker.
If you need any diplomatic or mineral stuff just call me. If you plan to nuke India please give me a 5 minute warning to close the windows!
Also Iapetus sucks!
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you guys should stop reading reddit and switch to voat. /v/bitcoin is where the most relevant discussion about bitcoin is happening nowadays:
quote:
This is no test. Bitcoin is under attack. Someone is intentionally slowing down the network to a halt. (plus.google.com)
submitted 9 hours ago by anirgu
[–] VanDeam 6 points (+6|-0) 8 hours ago
This is actually good for Bitcoin
[–] pray_the_gay_away 3 points (+3|-0) 7 hours ago (last edited 7 hours ago)
Further evidence that we are soon facing a global credit market collapse...
quote:
The Most Bitcoin Transactions in History Today - July 6, 2015 (blockchain.info)
submitted 11 hours ago by trwnbc
[–] RainBTC 0 points (+0|-0) 2 hours ago
All the spam really did was increase the inherent value of the network by charging more to ride the ride.
quote:
Governments Are Buying and Using Bitcoin Account-Hacking Services (cointelegraph.com)
submitted 2 hours ago by evander
[–] PardiGras 4 points (+4|-0) 2 hours ago
Of course. It's the single biggest threat to their monopoly on power. Any time there is even a hint of an economic revolution in favor of the many, they squash it immediately. Malcom X and King were both allowed to speak out against racism for years, but as soon as they realized that the real struggle was an economic one, and that poor whites and blacks had more in common than anything, and that they needed to band together against the wealthy, they were both shot.
Just like SJW's and hardcore right-wingers are perfectly free spout racist vitriol all day. It serves to keep the lower classes divided rather than uniting against their real oppressors. If you were financially independent, would you care if someone called you a redneck, or a human being, or friend of the family? If you could laugh all the way to the bank, you wouldn't care at all if someone said 'kill all white people' or 'all blacks are criminals.'
There is a 'they,' but its not the shadowy Illuminati the conspiracy theorists think of. It's just thousands of wealthy powerful people motivated by self-interest and working with each other despite their superficial differences. The problem is that the results of this are no different than if there really were some grand conspiracy.
The working classes will continue to slave away for menial wages while they bicker about things that don't matter at all, while the wealthy are content to let them do it because it allows them to make whatever rules suit them. Bitcoin and all cryptocurrencies are a threat to that because they're a great equalizer.
[–] RainBTC 1 points (+1|-0) 2 hours ago (last edited 2 hours ago)
Obama's anti-hacking edicts made these types of things illegal. Moral of the story: Terrorists, Governments, and Criminals don't obey laws and pay no attention to them. Remember that next time some politician is selling you protection by taking your freedoms.
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Jul 7, 2015 18:20
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- indigi
- Jul 20, 2004
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how can we not talk about family
when family's all that we got?
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still doesn't address why you need to use bitcoin as opposed to, say, anything else
also what's the current status of the backlog
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Jul 7, 2015 18:21
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- Magrov
- Mar 27, 2010
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I'm completely lost and have no idea what's going on. I'll be at my bunker.
If you need any diplomatic or mineral stuff just call me. If you plan to nuke India please give me a 5 minute warning to close the windows!
Also Iapetus sucks!
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But how about remittances?
bitcoin is still better for remmitances:
quote:
[–]bearjewpacabra 5 points 15 hours ago
Try to 'Western Union' me a penny.
[–]thesleepthief 2 points 16 hours ago
Why don't you try sending the dollar equivalent of 10 bits with WU and see where that fee lands? Report back if you get below 5 cents (~200 bits, if I'm not mistaken?).
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Jul 7, 2015 18:23
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- MGN001
- May 12, 2012
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think of all the gas you could get along the way and pay for with bitcoin, i mean that would just be good for bitcoin
Speaking of that, what happened to that "we'll live on bitcoin for the first year of.our married life" couple?
in the early days of butts this was actually suggested by an ideas man. A blind dead-drop relay runner service. Since you didn't know what you were carrying (it is drugs) you had plausible deniability, as I learned from some law books I found in a trash bin.
Wasn't there also the suggestion of sending mail by putting it in your neighbor's mailbox, and he'll put it in his neighbor's mailbox, and then
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Jul 7, 2015 18:30
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- trucutru
- Jul 9, 2003
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by Fluffdaddy
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JStolfi on the fork:
quote:
[–]jstolfi 12 points 16 hours ago*
The core devs tried to activate BIP66 through a very soft fork, so that clients would not even know that it was happening (otherwise they might get alarmed at the word "fork"). So they just let the new rule to be silently activated as soon as 95% of the miners signaled that they had upgraded to the new version of the software (v3). To make the transaction as smooth as possible, they allowed the players (clients, relay nodes, and miners) running both v2 and v3 to talk to each other even after the transition.
But that plan backfired because some v3 miners got a block B from one of the few remaining v2 miners and started to mine on top of it, not realizing that B was invalid under the v3 rules. For a while, that was the longer branch. That branch was perfectly valid for clients still running v2, and was assumed to be valid by some v3 wallet apps that did not do full checking of the blockchain. Meanwhile, other v3 miners, realizing that B was invalid, ignored that branch and started growing (more slowly) their own branch. The 'bad' branch was already 6 blocks long when the core devs (who fortunately were watching the blockchain at the time) managed to warn those miners that they were mining an invalid branch. Those 6 blocks were then discarded, and the 'good' branch soon overtook it. Fortunately there were no double-spends, and all transactions that were confirmed in the 'bad' branch were eventually confirmed in the 'good' branch too.
The same problem occurred again a few hours later, and this time the 'bad' branch only got to 3 blocks before being abandoned. It is not known whether there were double spends this time.
To guard against possible repeats of the incident, possibly with double-spends, the devs had to issue a warning to all clients (even v3 ones, depending on the software they are using) to wait 30 confirmations (5 hours) for safety.
Thus, what was supposed to be a "stealth" fork became a major PR disaster.
IMHO, the devs blotched the fork. They should have programmed a delay of (say) 2 weeks between the "95% majority" event and the enabling of the BIP66 rules. Then they could have sent a waring to all v2 players, especially the remaining v2 miners and relay nodes, that they should upgrade before BIP66 went into effect. But that would have been bad PR... ha ha.
[–]Prom3th3an 2 points 15 hours ago
Would that even have stopped the false advertising of v3 compliance?
[–]jstolfi 5 points 15 hours ago
I don't see that as quite "false advertising".
One thing is the 'consensus rules' that say when a block is valid. Another thing is the algorithm that miners use when building the blocks that they try to mine. The 'v3' label refers to the former only. By stamping 'v3' on their mined blocks, they only indicated that they agreed to the version of the 'consensus rules' that enforces BIP66 after the triger event.
The software that those miners were running would indeed have checked the BIP66 rule, if it got a chance to do so. But the software only checked the transactions to be included in the block that they were mining, and not those of the parent block that they got from another miner.
The v3 'consensus rules' say that a block is valid after the trigger event only if the transactions satisfy BIP66 (among other conditions) and the parent block is valid. But the v3 rules don't say that miners have to fully check that the blocks that they issue are valid. It would be better for bitcoin if they did, but miners have the 'right' to create their blocks any way they want, even post blocks full of random bits.
The miners should want to post valid blocks rather than invalid ones, because invalid blocks don't pay anything; but they must win the race against other miners to earn anything. They figured out that they would earn more by gambling that the previous block was valid, and mining on top of its hash only, than by downloading it and verifying it first. If the previous block was v3-valid, their block would be v3-valid too. If the previous block turned out tobe invalid, well, bad luck.
The Bitcoin Core release that includes v3 does verify the parent block before mining on top of it; but miners are not required to run BitcoinCore, and the v3 'consensus rules' do not require anyone to run a particular version of the software.
quote:
[–]jstolfi 12 points 16 hours ago*
An interesting detail is how the big pools steal the hash of the most recent block from other pools, even before it gets out to the relay nodes. That is why they couldnot even check its version stamp.
[–]DoctorDbx51% sandwiches 5 points 7 hours ago
Just so I am clear, as I have been out of the scene for a while, but are you saying these bigger pools monitor the feed of other pools, and steals their mined blocks before the confirmation of block success can propagate?
[–]jstolfi 3 points 3 hours ago
Yes, that is what I have been told. And it makes sense. All they have to do is subscribe anonymously as members of the other pools, and they will get that information as soon as the pool manager receives a mined header from some other member. The pool's interest is to make sure that the block just mined is valid, and to put all its members to mine on top of it as soon as possible, while it its still sending it out to the relay nodes.
[–]DoctorDbx51% sandwiches 2 points 3 hours ago
hahah poo poo... I wonder which pools are doing this?
All the big ones I imagine... and to each other too I bet.
[–]jstolfi 6 points 9 hours ago
To be precise, a miner gets bitcoins for being the first to mine the next valid block. They are not required to verify anything (and it is not possible to check whether they are indeed verifying anything.) They only verify enough to maximize their expected gain.
In particular, when they steal the hash of a recently mined block from some other pool, they are quite confident that it will be a valid block. So they don't bother to check it, and that gives them a few precious seconds of advantage in the block race.
Usually that is a safe assumption; it failed in this case because of the switch-on of BIP66 and the "victim" of the theft rbeiong out of date.
 
trucutru fucked around with this message at 18:34 on Jul 7, 2015
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Jul 7, 2015 18:31
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- anthonypants
- May 6, 2007
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by Nyc_Tattoo
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Dinosaur Gum
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bitcoin is still better for remmitances:
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Jul 7, 2015 18:34
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- Xelkelvos
- Dec 19, 2012
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you guys should stop reading reddit and switch to voat. /v/bitcoin is where the most relevant discussion about bitcoin is happening nowadays:
Voat is to Reddit as 8chan is to 4chan except infinitely more terrible because it's from Reddit
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Jul 7, 2015 18:41
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- fermun
- Nov 4, 2009
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with the current backlog time, it's faster to drive your money from one side of the country to another than it is to send a bitcoin
very misleading! stop spreading FUD, the backlog is currently only 6-7 hours long!
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Jul 7, 2015 18:59
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- Heresiarch
- Oct 6, 2005
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Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.
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that is a really good summary, but then this is a guy who appears to know his poo poo
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Jul 7, 2015 19:16
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- Heresiarch
- Oct 6, 2005
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Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.
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i also thought it was great and then completely neglected to say anything about it, so here goes
it was great, thanks for being awesome as usual
Want to print this on the carpet at the front door of my place of employment.
thanks
i've been wondering if i should try to shop it around as an op-ed for some site but i have no idea where to even start doing that kind of thing
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Jul 7, 2015 19:21
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- Soricidus
- Oct 21, 2010
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freedom-hating statist shill
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and yeah of course it's javascript
bitcoin: we can be reasonably sure most payments are going to the right people
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Jul 7, 2015 19:27
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- anthonypants
- May 6, 2007
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by Nyc_Tattoo
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Dinosaur Gum
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thanks
i've been wondering if i should try to shop it around as an op-ed for some site but i have no idea where to even start doing that kind of thing
comedy option: thought catalog
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Jul 7, 2015 19:30
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- Heresiarch
- Oct 6, 2005
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Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.
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you could put it up on medium
i was thinking more along the lines of getting paid for it
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Jul 7, 2015 19:35
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- unpacked robinhood
- Feb 18, 2013
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by Fluffdaddy
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i was thinking more along the lines of getting paid for it
+ 1 bit coin /you/heresiarhc validate
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Jul 7, 2015 19:39
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- trucutru
- Jul 9, 2003
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by Fluffdaddy
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i was thinking more along the lines of getting paid for it
have you asked the buttcoin foundation?
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Jul 7, 2015 19:39
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- blugu64
- Jul 17, 2006
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Do you realize that fluoridation is the most monstrously conceived and dangerous communist plot we have ever had to face?
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i was thinking more along the lines of getting paid for it
will you accept a bag of amazon gift cards?
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Jul 7, 2015 19:50
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- Boxturret
- Oct 3, 2013
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Don't ask me about Sonic the Hedgehog diaper fetish
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meet me at the walmart parking lot at midnight
NO TACTICAL CLUBS
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Jul 7, 2015 19:52
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- Adbot
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ADBOT LOVES YOU
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Apr 29, 2024 12:22
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- divabot
- Jun 17, 2015
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A polite little mouse!
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Is there a good writeup anywhere of the last few days' forking fuckup, and the revelation that FIFTY loving PERCENT of the hash power DOESN'T loving BOTHER VERIFYING TRANSACTIONS, which is LITERALLY THE JOB THEY GET BITCOINS FOR? I'm looking for an even slightly usable reference for the RationalWiki article. (Our standards are abysmal, but something better than /r/buttcoin would be preferable.)
The Foundation provides!
http://www.buttcoinfoundation.org/bitcoin-is-broken-but-we-already-knew-that
/u/changetip killhamster 1 butt
divabot fucked around with this message at 19:59 on Jul 7, 2015
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Jul 7, 2015 19:55
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Jul 7, 2015 16:52
