Update for Customers with Bitcoin Stored on GDAX • Hacker News Board

Re: Update for Customers with Bitcoin Stored on GDAX

#31

Post by grogenaut » Mon, Mar 20, 2017, 5:05 AM UTC

jlrubin wrote: post #11

zik wrote: post #5

Earlier quoted context omitted.

There's a lot of back story behind this. The story as I see it is this - a bank which opposes bitcoin in its current form funded a company called Blockstream to kick the lead developer off the Bitcoin development team and take control of it. They want to change the protocol away from a decentralized blockchain which they can't control to a payment channel system which provides a potential financial services marketpla…

I'm a Bitcoin Core Dev. I'm not employed by Blockstream. I work extensively on scalability, having personality designed and written patches to Bitcoin which have drastically improved block validation times in the Bitcoin Core client. For the benefit of anyone taking your comment at face value, I'm here to say: Your response is total garbage. edit: More details, my response was written slightly in haste... 1. I'm a (n…

Could you explain for those of us with no clue what's going on instead of resorting to name calling?

Re: Update for Customers with Bitcoin Stored on GDAX

#32

Post by jlrubin » Mon, Mar 20, 2017, 5:07 AM UTC

CyberDildonics wrote: post #25

jlrubin wrote: post #11

Earlier quoted context omitted.

I'm a Bitcoin Core Dev. I'm not employed by Blockstream. I work extensively on scalability, having personality designed and written patches to Bitcoin which have drastically improved block validation times in the Bitcoin Core client. For the benefit of anyone taking your comment at face value, I'm here to say: Your response is total garbage. edit: More details, my response was written slightly in haste... 1. I'm a (n…

Why don't you explain to us how, since everything core has done so far has been total garbage. The rhetoric is always the same, lies and half truths with no technical backing at all. You didn't bother to explain anything and risk exposing technically hollow arguments, you just plunked down a meaningless title you've given yourself and declared that it somehow makes you right.

My most recent effort was a new algorithm for caching which improve validation times up to 40% (measured) for new blocks, and also reduce the amount of memory required to speedily validate blocks. It also is more friendly to re-orged blocks which can help improve mining decentralization.

Re: Update for Customers with Bitcoin Stored on GDAX

#33

Post by nadaviv » Mon, Mar 20, 2017, 5:09 AM UTC

LeoPanthera wrote: post #24

Bitcoin Unlimited is at the moment the dominant version, as measured by mined blocks: https://coin.dance/blocks The vast majority are picking a side for political reasons - "Core" is embracing censorship as method to push their client, Unlimited believes in open discussion. This is best exemplified on Reddit, where /r/bitcoin is moderated, heavily, by core, but /r/btc has a no-censorship policy. This makes the techni…

> "Core" is embracing censorship as method to push their client

> where /r/bitcoin is moderated, heavily, by core

This is entirely false. No one in the Bitcoin Core development community has anything to do with how subreddits are being moderated. Dismissing their technical contributions due to how unrelated persons are moderating online communities is nonsensical.

> /r/btc has a no-censorship policy.

https://gist.github.com/chris-belcher/c9f4b90bec1b2fbf8caaab...

> This makes the technical differences between the two almost irrelevant, most are picking a side because they don't (or do) believe in censorship.

The censorship claims are artificially manufactured and blown out of proportion. The /r/bitcoin moderators engage in standard moderation and enforcing the community's rules, a job that became even harder due to all the manipulation, shilling, sockpuppet accounts and voting robots that infiltrated the communication channels of the bitcoin community.

https://medium.com/@shesek/observing-forced-narratives-and-m... (an article I recently wrote. see the "Related" part at the end for more details.)

Moderation is an essential part of healthy online communities. It is not censorship.

https://xkcd.com/1357/

http://lesswrong.com/lw/c1/wellkept_gardens_die_by_pacifism/

https://www.stevepavlina.com/blog/2009/09/free-speech-in-onl...

Re: Update for Customers with Bitcoin Stored on GDAX

#34

Post by andrepd » Mon, Mar 20, 2017, 5:12 AM UTC

jlrubin wrote: post #11

zik wrote: post #5

Earlier quoted context omitted.

There's a lot of back story behind this. The story as I see it is this - a bank which opposes bitcoin in its current form funded a company called Blockstream to kick the lead developer off the Bitcoin development team and take control of it. They want to change the protocol away from a decentralized blockchain which they can't control to a payment channel system which provides a potential financial services marketpla…

I'm a Bitcoin Core Dev. I'm not employed by Blockstream. I work extensively on scalability, having personality designed and written patches to Bitcoin which have drastically improved block validation times in the Bitcoin Core client. For the benefit of anyone taking your comment at face value, I'm here to say: Your response is total garbage. edit: More details, my response was written slightly in haste... 1. I'm a (n…

You invoked authority, and attacked the post via name calling, without adding anything to the discussion. Either elaborate or don't bother to comment.

Re: Update for Customers with Bitcoin Stored on GDAX

#35

Post by jlrubin » Mon, Mar 20, 2017, 5:17 AM UTC

andrepd wrote: post #34

jlrubin wrote: post #11

Earlier quoted context omitted.

I'm a Bitcoin Core Dev. I'm not employed by Blockstream. I work extensively on scalability, having personality designed and written patches to Bitcoin which have drastically improved block validation times in the Bitcoin Core client. For the benefit of anyone taking your comment at face value, I'm here to say: Your response is total garbage. edit: More details, my response was written slightly in haste... 1. I'm a (n…

You invoked authority, and attacked the post via name calling, without adding anything to the discussion. Either elaborate or don't bother to comment.

I'm not invoking authority, I'm invoking independence. Core isn't owned or run by Blockstream.

Re: Update for Customers with Bitcoin Stored on GDAX

#36

Post by jlrubin » Mon, Mar 20, 2017, 5:20 AM UTC

ago wrote: post #23

jlrubin wrote: post #11

Earlier quoted context omitted.

I'm a Bitcoin Core Dev. I'm not employed by Blockstream. I work extensively on scalability, having personality designed and written patches to Bitcoin which have drastically improved block validation times in the Bitcoin Core client. For the benefit of anyone taking your comment at face value, I'm here to say: Your response is total garbage. edit: More details, my response was written slightly in haste... 1. I'm a (n…

> When disagreeing, please reply to the argument instead of calling names. https://news.ycombinator.com/newsguidelines.html

Thanks, my response was written with severe annoyance. I felt I did respond to the argument, as it was (to me) that A) dev is run by blockstream and B) there are no performance improvements. I was trying to evidence that by invoking my independence from Blockstream and the scalability improvements I personally work on (which yes, help enable capacity increases).

edit: I forgot to say I edited my post with more background.

Re: Update for Customers with Bitcoin Stored on GDAX

#37

Post by zik » Mon, Mar 20, 2017, 5:28 AM UTC

jlrubin wrote: post #35

andrepd wrote: post #34

Earlier quoted context omitted.

You invoked authority, and attacked the post via name calling, without adding anything to the discussion. Either elaborate or don't bother to comment.

I'm not invoking authority, I'm invoking independence. Core isn't owned or run by Blockstream.

I don't claim or believe that the core team is owned by Blockstream. However top contributors like Greg Maxwell, Luke Dashjr and Peter Wuille are Blockstream employees and there's no doubting that they have considerable influence in the team.

Re: Update for Customers with Bitcoin Stored on GDAX

#38

Post by Frogolocalypse » Mon, Mar 20, 2017, 5:31 AM UTC

Geee wrote: post #15

zik wrote: post #5

Earlier quoted context omitted.

There's a lot of back story behind this. The story as I see it is this - a bank which opposes bitcoin in its current form funded a company called Blockstream to kick the lead developer off the Bitcoin development team and take control of it. They want to change the protocol away from a decentralized blockchain which they can't control to a payment channel system which provides a potential financial services marketpla…

The "majority of miners" are Chinese, which are thought to be controlled by the Chinese government at this point. Also, I think a 75% majority fork could leave the smaller fork vulnerable to 51% attack by a single pool.

Which is why the PoW change is being investigated now. If china-coin attacks the bitcoin network, they'll initiate an ermegency PoW change, and make all of their hardware obsolete.

Re: Update for Customers with Bitcoin Stored on GDAX

#39

Post by Frogolocalypse » Mon, Mar 20, 2017, 5:32 AM UTC

CyberDildonics wrote: post #28

reimertz wrote: post #12

Earlier quoted context omitted.

Could you point me to some sources where I can read up on these claims? If all would be true, assumptions I've had about certain people would've change drastically.

You can read Gavin's writing directly. After all his contributions, the lies and manipulations by the current blockstream employees are pretty disgusting. If you read /r/btc on reddit you can see a forum that in uncensored, unlike the HEAVILY censored and 'curated' (threads that don't go the way the mods want are sorted by controversial first) /r/bitcoin. Anyone on /r/bitcoin that says something alluding to censorshi…

/r/btc is a forum paid for by people who want to fork bitcoin, and their moderators are paid employees of Roger Ver. You can't believe a word they say.

Re: Update for Customers with Bitcoin Stored on GDAX

#40

Post by Frogolocalypse » Mon, Mar 20, 2017, 5:35 AM UTC

ubercow wrote: post #3

For someone who isn't "in the know" when it comes to Bitcoin, what is Bitcoin Unlimited and what does it mean for the average user?

BU and the new variant of the chinese cabal of bitcoin miners BitcoinEC have a key consensus change implemented in them called 'Emergent Consensus'

Emergent consensus lets miners decide, through force of hash, the block size. This provides for them an incentive such that, as they increase the block-size, it leads to the nodes not being able to be run except with massive connections to the other nodes and miners. The miners that are closer (in bandwidth) to the other nodes, will have more time to retrieve the transaction and block data. Nodes and miners on slower connections will further deplete, as they can't source the data fast enough. This will also mean that communication between miners will favor miners that are closer together.

This means, by design, bitmain will be able to force ALL miners and ALL nodes off of the network, and every node and every miner will be housed in bitmain data-centers. It is a hostile take-over of the bitcoin environment by a chinese company that has all the markings of a state-sponsored action.