61–70 of 253 posts
So... this should probably mean a deep dive for btc price then, right?
Earlier quoted context omitted.
I don't understand this desire to immediately assume bad faith in these situations. It's a complicated situation, involving a lot of actors. Yeah, probably some of them are acting in bad faith. But probably most of them are just trying to develop a functional cryptocurrency. This stuff is very hard, and having it all so decentralized only makes it harder. Personally I was hoping for the 2x fork to succeed, or, barrin…
What’s your opposition to SegWit?
See this comment: https://news.ycombinator.com/item?id=14866911
Considering the history of spoofed messages aimed at manipulating the market, they should have cryptographically signed the message That said - if this is true, they've done the difficult but right thing.
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.
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.
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.
I guess people say all kinds of things, but I don't recall anyone arguing that Bitcoin was going up because of the impending fork. It certainly wasn't the conventional wisdom.
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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.…
Where is there a market for futures on cryptocoins?
The Chicago Mercantile Exchange says they'll start trading Bitcoin futures by year-end.
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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.
Satoshi could be a whole building of people, we don't know who he was, and so it's not even clear what "authentic" would mean in his case. 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", ho…
That doesn't matter, because people can independently look at the design of the crypto. Your point about authentic in this context is meaningless.
> 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.
That's exactly why you sign a message, to judge the veracity of the contents according to a trust anchor.
> If it's something stupid, what does it matter that it's signed?
You are fundamentally misunderstanding the purpose of signing messages. You don't sign to check stupidity, but to assert that important yet unsigned messages can be repudiated from the party believed to be the origin.
Another way to illustrate this - in the Bitcoin world it is best to assume all messages are spoofed and never trust signatures.
That's WHY you sign messages. It isn't a reason not to sign messages. You are confusing authentication of origin with identity of sender.
A few altcoins immediately went +20% up - NEO, IOTA, Omnise, Lisk, Waves, Ark. But not the ones I expected - like Ethereum.