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

Re: Update for Customers with Bitcoin Stored on GDAX

#71

Post by sushid » Tue, Mar 21, 2017, 1:10 AM UTC

Frogolocalypse wrote: post #39

CyberDildonics wrote: post #28

Earlier quoted context omitted.

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.

So if /r/btc is being paid and /r/bitcoin bans anyone who mentions hard forking, which subreddit would you recommend?

Re: Update for Customers with Bitcoin Stored on GDAX

#72

Post by Animats » Tue, Mar 21, 2017, 4:53 AM UTC

Frogolocalypse wrote: post #70

Animats wrote: post #67

Earlier quoted context omitted.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them" refers to miners. Only by mining can a the blockchain be extended. Only a miner can confirm a transaction. Other nodes can check transactions for validity, but real confirmation, and double-spend protection, can only come from miners. The original vision o…

When the author of a white-paper says 'nodes' he doesn't say one word, and mean another. You took this quote from Satoshi : "They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them" And neglected to use the full quote : " Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof o…

Sigh. "Working on extending them" means mining.

Bitcoin is far more centralized than was originally expected. The only nodes that matter are the exchanges and the miners, who usually talk directly. Unless you do a high volume op transactions in a monetary sense, running a full node has little or no effect on the network. Transactions go around your node, not through it.

The dream of Bitcoin as a distributed system of peers died years ago.

Re: Update for Customers with Bitcoin Stored on GDAX

#73

Post by CyberDildonics » Tue, Mar 21, 2017, 12:46 PM UTC

Frogolocalypse wrote: post #66

CyberDildonics wrote: post #63

Earlier quoted context omitted.

This is of course silly, since /r/btc does not censor anyone and has open moderation logs, while /r/bitcoin is censored to a degree that would make north korea blush.

Yes they do. They ban anyone who mentions that roger ver pays the moderators.

Let's see some proof. You can go there right now and see people saying all sorts of nonsense and insulting roger ver (as if that has anything to do with the technical merits of bitcoin unlimited).

Have you ever received anything from blockstream?

Re: Update for Customers with Bitcoin Stored on GDAX

#74

Post by CodeWriter23 » Wed, Mar 22, 2017, 7:03 AM UTC

nullc wrote: post #68

CodeWriter23 wrote: post #65

Earlier quoted context omitted.

Quantifying commits does not correlate to who is controlling the architecture of a codebase. Someone can control the architecture with a single commit, provided that commit is large enough.

Burden of proof is on you. There isn't any magic pixie does here-- if it were the case someone would show it, but they can't.

I'm not arguing either side; I don't know enough to decide either way. I'm just pointing out a specious argument.

What I can say is within this thread that both sides have spewed either enough propaganda or perhaps truth or perhaps their truth or maybe alternate truth, see my point is, there is enough confusion in all this bickering that I'll never trust Bitcoin again.

Re: Update for Customers with Bitcoin Stored on GDAX

#75

Post by jungletek » Wed, Mar 22, 2017, 10:07 AM UTC

elastic_church wrote: post #61

chabes wrote: post #50

Great.. Some /r/btc extremists found a YC thread to troll. Is nothing sacred anymore?

Extremists are trolling, what a productive way of dismissing opinions I'm sure everyone is here just to illicit a reaction from others

You want to use 'elicit' here, my dude :)

-Your local HN spelling pedant.