The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees • Hacker News Board

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#351

Post by pbhjpbhj » Wed, Jul 01, 2020, 10:47 AM UTC

hn_throwaway_99 wrote: post #294

pbhjpbhj wrote: post #215

Earlier quoted context omitted.

Yes, I knew that the transaction value (and source, sink) was known after processing it and putting it in the blockchain, just not that it was known by the miner processing the transaction before putting it on the blockchain - I assumed when "mining" a transaction that somehow the details would be hidden. Them being visible seems to raise interesting attacks, such as an individual being doxed and then unable to have…

> Them being visible seems to raise interesting attacks, such as an individual being doxed and then unable to have their transaction verified/accepted. You have some fundamental misunderstandings in how bitcoin and bitcoin mining work. I'd suggest reading up on one of the links a sibling comment posted.

In the interim, perhaps you could clear up a couple of questions, as you realise I've not studied the process for maybe 16years (I forget a lot in that time). Are these true?

1) Those processing transactions know which wallet they belong to before they choose to process it (this was the surprise to me presented here).

2) Wallets can be linked to people as the blockchain shows wallet holding value and transactions. (State actors can probably correlate with bank transactions; people in general can learn 'oh John Doe bought pizza from me using that wallet').

Appreciated.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#352

Post by mrep » Wed, Jul 01, 2020, 12:30 PM UTC

parliament32 wrote: post #198

ForHackernews wrote: post #165

Earlier quoted context omitted.

lol no you're not. call them up and they'll fix it.

If you wire the money to the wrong account? No, you're SOL unless the receiving bank and receiving account decides to reverse the transaction, which is fairly rare.

If it's your bank, it should be easy. When I asked for my account and routing number for my checking number from a chase branch, the teller incorrectly assumed the routing number was for the current state when in fact i opened it in another state which meant a different routing number. Come my first direct deposit and I see nothing in my checking account, I panicked, guessed the problem looking at the routing number the teller gave me and where I opened it, went to a branch and they fixed it in like a day.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#353

Post by jermier » Wed, Jul 01, 2020, 12:34 PM UTC

whb07 wrote: post #314

Ar-Curunir wrote: post #285

Earlier quoted context omitted.

This separation of layers nonsense is only something that’s been proposed to cover up flaws in the core protocol. The original paper didn’t envision a store of value, but rather a means of daily transactions

Perhaps. But while Satoshi is clearly a genius. Give the guy a break, he’s not a fortune teller. Many current day protocols have improvements needed but that’s besides the point.

> he’s not a fortune teller

Many have speculated he may be a time traveler, although they don't give any reason. The only thing I can think of is he possibly traveled back in time after witnessing a massive economic downturn that had people eating rats off the street and an even further (much more serious) dichotomy of rich and poor. Bitcoin could level the playing field stopping banks from having nearly full monopoly of your money.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#354

Post by as300 » Wed, Jul 01, 2020, 2:02 PM UTC

qeternity wrote: post #247

as300 wrote: post #106

Earlier quoted context omitted.

Calling nationalities and cultures that arise from a group of people being forced to live together a "ghettoization" is a bit of a stretch

That's literally the meaning of the word...the negative connotations came afterwards.

The OP used the term in a negative sense, to justify removing all borders...

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#355

Post by _jal » Wed, Jul 01, 2020, 3:32 PM UTC

as300 wrote: post #354

qeternity wrote: post #247

Earlier quoted context omitted.

That's literally the meaning of the word...the negative connotations came afterwards.

The OP used the term in a negative sense, to justify removing all borders...

I said nothing about removing all borders. Do not put words in my mouth.

And my word choice was accurate; what you choose to read in to it happens in your head, not mine.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#356

Post by wolco » Wed, Jul 01, 2020, 7:18 PM UTC

komali2 wrote: post #343

wolco wrote: post #338

Earlier quoted context omitted.

"Deplatforming racists isn't censorship" Isn't deplatforming racist because it creates a segregated society. Do you really want to separate society based on race? Soon we'll have schools for racist only. People will complain they when they get higher marks. You think you like the idea of social justice? What you are doing is social judgement. Bullying.. using your power over someone less powerful to make yourself fee…

> https://news.ycombinator.com/item?id=23682619 Unsurprising. "Free speech activists" inevitably show off their actual value system. > Isn't deplatforming racist because it creates a segregated society. Racism is a choice, race isn't. Racists segregate themselves from society by believing that some humans are subhuman. Can't exactly share a well with someone that believes you're an animal, can you? Certainly can't ha…

Racism is a choice, race isn't.

Is it a choice? Is it a choice when someone joins a gang when they are born into poverty?

Everyone is a product of their environment.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#357

Post by wolco » Wed, Jul 01, 2020, 7:29 PM UTC

komali2 wrote: post #343

wolco wrote: post #338

Earlier quoted context omitted.

"Deplatforming racists isn't censorship" Isn't deplatforming racist because it creates a segregated society. Do you really want to separate society based on race? Soon we'll have schools for racist only. People will complain they when they get higher marks. You think you like the idea of social justice? What you are doing is social judgement. Bullying.. using your power over someone less powerful to make yourself fee…

> https://news.ycombinator.com/item?id=23682619 Unsurprising. "Free speech activists" inevitably show off their actual value system. > Isn't deplatforming racist because it creates a segregated society. Racism is a choice, race isn't. Racists segregate themselves from society by believing that some humans are subhuman. Can't exactly share a well with someone that believes you're an animal, can you? Certainly can't ha…

"The next generation is going to call you fake"

'No, because bigots are losing the culture war'

Culture war.. everyone is winning their own mono-culture war. All of your facebook friends agree? Twitter echoing back similiar opinions. The software is working if you think you are winning something.

You will hear shut up grandpa move over. When you had your chance you just talked but made no real gain in the world. You won't understand.. why does real change matter? You will say we got everyone to bully racism underground. They will shake their head you fools you made racism worse and now it's more secretive and powerful.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#358

Post by komali2 » Wed, Jul 01, 2020, 7:31 PM UTC

wolco wrote: post #357

komali2 wrote: post #343

Earlier quoted context omitted.

> https://news.ycombinator.com/item?id=23682619 Unsurprising. "Free speech activists" inevitably show off their actual value system. > Isn't deplatforming racist because it creates a segregated society. Racism is a choice, race isn't. Racists segregate themselves from society by believing that some humans are subhuman. Can't exactly share a well with someone that believes you're an animal, can you? Certainly can't ha…

"The next generation is going to call you fake" 'No, because bigots are losing the culture war' Culture war.. everyone is winning their own mono-culture war. All of your facebook friends agree? Twitter echoing back similiar opinions. The software is working if you think you are winning something. You will hear shut up grandpa move over. When you had your chance you just talked but made no real gain in the world. You…

Nihilism is a tired philosophy to come across as an adult.

> They will shake their head you fools you made racism worse and now it's more secretive and powerful.

Smacks of (((they))) control the Deep State.

Nothing real is being said here. Have a good weekend.

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#359

Post by komali2 » Wed, Jul 01, 2020, 7:31 PM UTC

wolco wrote: post #356

komali2 wrote: post #343

Earlier quoted context omitted.

> https://news.ycombinator.com/item?id=23682619 Unsurprising. "Free speech activists" inevitably show off their actual value system. > Isn't deplatforming racist because it creates a segregated society. Racism is a choice, race isn't. Racists segregate themselves from society by believing that some humans are subhuman. Can't exactly share a well with someone that believes you're an animal, can you? Certainly can't ha…

Racism is a choice, race isn't. Is it a choice? Is it a choice when someone joins a gang when they are born into poverty? Everyone is a product of their environment.

> Everyone is a product of their environment.

If you didn't believe in free will at all, why are you trying to convince me of anything?

Re: The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

#360

Post by centimeter » Wed, Jul 01, 2020, 8:29 PM UTC

_jal wrote: post #253

centimeter wrote: post #162

Earlier quoted context omitted.

> humans should be as free as capital. Capital doesn't put a drain on the social welfare systems of the country you're sending it to.

Ya think? Try googling "walmart subsidy".

How is that relevant? I’m familiar with the extremely stretched reasoning people use to describe welfare as a “walmart subsidy”, but if anything that just supports my argument - importing low-wage welfare recipients doesn’t benefit society.