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Satoshi Roundtable Thoughts

gavinandresen.ninja

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Re: Satoshi Roundtable Thoughts

#111

Post by aminok »

rsi_oww wrote: post #18
Vozze wrote: post #9

There is a revolution going on in Bitcoin land. Very similar to how dictatorship gets overthrown in the real world. In the real world, dictators fight with censorship and violent force. In Bitcoin land these are social media censorship and DDoS attacks. The main Bitcoin forum on Reddit is censored heavy handed. No criticism allowed, mentions of alternative software or forums get deleted right away. People who run alt…

> The main Bitcoin forum on Reddit is censored heavy handed. No criticism allowed, mentions of alternative software or forums get deleted right away. This is simply not true. The only rule on the /r/bitcoin Reddit is not to promote these network fork attempts. This is not just alternative software, it is software that follows DIFFERENT rules from the main bitcoin software and would follow a different ledger history i…

>The only rule on the /r/bitcoin Reddit is not to promote these network fork attempts. This is not just alternative software, it is software that follows DIFFERENT rules from the main bitcoin software and would follow a different ledger history if a fork happened.

It's a rule that prevents anyone but Core developers from effecting a change in the max block size value.

I'm permanently banned from /r/bitcoin, despite:

* not promoting any alternate client

* not being a sockpuppet

* not being trollish

* having very popular posts

This was simply because I argued Bitcoin would be better off with a higher max block size value.

Re: Satoshi Roundtable Thoughts

#112

Post by bitshare »

Vozze wrote: post #9

There is a revolution going on in Bitcoin land. Very similar to how dictatorship gets overthrown in the real world. In the real world, dictators fight with censorship and violent force. In Bitcoin land these are social media censorship and DDoS attacks. The main Bitcoin forum on Reddit is censored heavy handed. No criticism allowed, mentions of alternative software or forums get deleted right away. People who run alt…

Can confirm. Try the new Bitcoin Reddit sub /r/BTC instead as the main Reddit sub is heavily censored.

Re: Satoshi Roundtable Thoughts

#113

Post by ivansavz »

optforfon wrote: post #16

Can anyone point me to good resources to understanding the technical side of Bitcoin? I tried to read the white paper but it glossed over technical details (for instance, what does "signing" actually entail?). Everything else is either very hand-wavey and high level or assumes you already know how it works. I'm interesting in understanding the spec and potentially expanding on it or being able to understand the ongoi…

Here are some links that have technical details and a bit of context about cryptocurrencies:

A blog post: http://www.righto.com/2014/02/bitcoins-hard-way-using-raw-bi...

A paper: https://eprint.iacr.org/2015/261

A book: https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/p...

Choose your adventure ;)

Re: Satoshi Roundtable Thoughts

#114

Post by x3n0ph3n3 »

rsi_oww wrote: post #13
BinaryIdiot wrote: post #5

So this is #3 of the Satoshi Roundtable notes and opinions that have made it to HN, as far as I can tell (I was initially confused and thought this was a re-submission of Brian Armstrong's notes https://medium.com/@barmstrong/what-happened-at-the-satoshi-... ). As someone who has dabbled into the bitcoin and block chain area but never seriously, all of these reports and the constant reporting of the serious issues fa…

There is near complete consensus, see: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-con... Nearly every developer, along with the vast majority of miners, have agreed to this. The group that did not agree (Coinbase, 2 developers, and some small miners) is extremely good at social media and has done a great job of spreading a false story of "serious scaling problems" and "developers can't reach consensus".…

Why shouldn't I believe the narrative that Blockstream is attempting to control Bitcoin by limiting transaction count growth?

Re: Satoshi Roundtable Thoughts

#115

Post by ptrincr »

Laforet wrote: post #53
rsi_oww wrote: post #39

Earlier quoted context omitted.

Yes, the pro-fork group say they simply want to change the limit of megabytes per block from 1MB to 2MB. Somehow this is worth forking the network over. This may not sound like much, but also keep in mind eight months ago it was 20MB, with an eventual jump into the GB range, that they were pushing for. Also, recently they are talking about removing any limit altogether. This change seems small but the consequences wo…

Honest Question: As an individual what incentives are there for me to run a full node? Currently the storage/bandwidth requirements are not outrageous, but high enough that they will cost $20-$50 depending on how many connections I allow. Why would I bother?

It's possible to run a node in pruned mode, where you set the amount is space which is used by blocks. Older blocks are then pruned to stay within the space limit. You can run a node in this way for $5 a month.

If you support Bitcoin, much in the same way as people support many open source projects, this isn't a lot of money to fork out. Compared to the amount of time contributors spend writing software for free for the good of the world.

Re: Satoshi Roundtable Thoughts

#116

Post by maaku »

zaphar wrote: post #108
nullc wrote: post #106

Earlier quoted context omitted.

Don't mistake the ten second elevator pitch description for an engineering analysis. No version of any Bitcoin node software previously released has worked how you describe. The consensus selection rule is more complex: It's the longest _valid_ chain that nodes follow. Chains that violate the rules are ignored, and this is an integral part of the set of incentives that make the system work.

You are correct. However the rules are determined by what the majority of miners say the rules are. If the miners decide to change those rules and they have enough others who agree with them then they can do so. And the economic incentive for everyone else is to agree with that or get left on a worthless network or a greatly decreased in value network. The economic incentive is that if you play nice with others and f…

> You are correct. However the rules are determined by what the majority of miners say the rules are.

This is simply factually wrong.

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