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So bitcoin went up because they were going to fork, and now it's going up again because they will not? k Edit: Otoh, looks like it's seeing a bit of a drop now, but I doubt it will hit the pre-anticipation levels.
Earlier quoted context omitted.
It is my understanding that signed messages are generally frowned upon in the Bitcoin community, Satoshi never signed his messages. This is because it is more important what is in the message than who wrote it.
> This is because it is more important what is in the message than who wrote it. not in this instance
not really. why does it matter that this message is authentic? that 2x _really_ isn't going to happen? it can still happen, and it doesn't matter who posts what online.
Looking whats happening on Ethenerum, those who knew in advance already made fortune. Funny we don't have SEC actually able to look into these. Amazing times.
up a whole $10 ..not exactly 'making a fortune'
If you have insider info about the direction of a market, then you have a much reduced risk. You can move in big, take your bite of the change, and then cash out.
So... this should probably mean a deep dive for btc price then, right?
I checked coinbase expected exactly that, thinking "oh man, I'm glad I didn't sell my eth a month ago to buy into bc trying to capture free altcoins like others did and like I considered doing, it'll be down like 10% at least" but it... shot up about 10% instead. I don't get it.
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Some people were waiting for the "free money" to come so they could buy "alt coins". Some will be happy to see BTC unchallenged. Price will be a balance of both.
Futures on the forked coin were trading north of $1000 earlier today. After the announcement, the price dropped to $1, and has since rebounded to $200. https://imgur.com/a/XOvWS Maybe the $1000 BT2 price wasn't really a bet on free money, but on the prospect that BT2 might replace BTC. If the expectation was that post-fork BTC + BT2 ~= today's BTC, that means that today's BTC price was depressed by this possibility.…
So bitcoin went up because they were going to fork, and now it's going up again because they will not? k Edit: Otoh, looks like it's seeing a bit of a drop now, but I doubt it will hit the pre-anticipation levels.
Earlier quoted context omitted.
What’s your opposition to SegWit?
I can't speak for the user thefalcon you replied to, but most opposition as I understand it comes from the fact that segregated witness makes things more likely to rely on centralized infrastructure, departing from the original vision of bitcoin as a decentralized system that can't be controlled by entities like governments and banks.
That simply isn't true. It's just a new transaction format.
Earlier quoted context omitted.
It is my understanding that signed messages are generally frowned upon in the Bitcoin community, Satoshi never signed his messages. This is because it is more important what is in the message than who wrote it.
Satoshi was in favor of digitally signing Bitcoin transactions to provide non-repudiation as an underpinning of Bitcoin ownership. > it is more important what is in the message than who wrote it. That statement actually favors the signing of this textual message, since digital signatures provide integrity control in addition to non-repudiation of origin.
Integrity of the message doesn't matter - if you see a message and it makes sense to you, then that is all that is necessary. You can agree or post a response to argue a point. If it's something stupid, what does it matter that it's signed? And if it is from "Satoshi Nakomoto", how naive would you be to actually trust that?
Another way to illustrate this - in the Bitcoin world it is best to assume all messages are spoofed and never trust signatures. Even a signed message can be fake, it could be a lie or it could be written under duress. The only solution is to not trust signatures.