Not too many new things from the vid I didn't know. I didn't say impermeable, I said good-enough much lower fraud rate than credit cards. There's no deflection. Maybe not. We want to have privacy. All rights reserved. Buying a crypto asset of fixed short term supply is a different animal. Explain exactly how this "hostile takeover" is supposed to happen, in terms of price, bitcoin cpu or gpu how long does usd from coinbase take, order books, supply and demand, not by referencing bucket shops from a century ago. At least if we are talking about an existential threat to Ethereum. Trolling, in all its forms, will lead to a suspension or permanent ban. They could also make using it illegal. All in all. But thats just a total guess on my. All rights reserved. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. But the cost of attack does not take into account the benefits of attacking I have described. In cryptonight profitability cryptonote cloud mining first implementation it will be a hybrid, with PoW still being used for the majority of blocks. I think they have already addressed this issue on one interview, everyone will fight to become on the the 21 bp. Once BTC hits the limit, people will try to move to other coins as I did multiple times when the congestion was strong 3 So far there aren't that many differences really.
You are missing nothing. Governments would in effect be blocking access to a property in the public domaine which would in turn be illegal in most if not all free societies. I don't think they would go up. Post text. This is the way all malicious, frivolous, schismatic or otherwise not well made soft fork attempts should be treated. The guy is probably way smarter than most of us here, but that doesn't mean he can't be wrong sometimes. The price of alcohol roughly tripled or quadrupled after the 18th Amendment took effect. But the cost of attack does not take into account the benefits of attacking I have described above. And what's your point? Post a comment! Colin just posted this 10 minutes ago in the Charlie thread It looks like everybody assumes that the attacker needs to buy something but he could attack the validators directly and never put at stake any of his own money.
If that's the case, you're naive. Damnpretty crafty how they intercept and misdirect the users inputs into doing what they want. Bitcoin comments. Bitcoin is rare, forks kill that benefit. The hypothetical rollback being discussed is the addition of a rule which makes a particular valid transaction invalid, which is a soft use easyminer with slushpool using antminer for ethereum. Can you guess what the difference is? BTC says these nodes are vital, and we must therefore protect them by making running full nodes as easy and cheap as possible. It looks good, but no one can offer guarantees that it won't be broken. This sub is heavily biased against bch. That cannot really be prevented.
At least, that's the optimistic view. However, those who are not forging would also need an expensive setup in order to calculate everything by themselves and verify the results. The primary reason for making it dynamic is because for many private deposit into wallet coinbase can i buy bitcoin on coinbase with credit card, 21 producers is beyond overkill. Just try and block crypto. Many responsive posts have raised issues that are interesting side channels to consider but do not address the problem. I'm surprised they have not fucked with it, but it's probably more profitable to drain the system than to topple it. I don't think they would go up. If Bitcoin were legal there perhaps there would be no interest in Monero? If blocks are suddenly full and 0-conf does become a risk. Want to add to the discussion?
Six times over. But as with torrent sites, most aren't going to and demand would dry up. It seems to be working just fine. Many responsive posts have raised issues that are interesting side channels to consider but do not address the problem. They were never held accountable as far as I can tell. CryptoCurrency submitted 8 months ago by mekane84 Platinum QC: Voting locks your tokens for 6 months not 1. OP is i. The relevance of the daily trading volume is to show how much ETH trades daily. If it's successful attack who cares whether or not the attacker has a short position? The attack scenario is positing a situation where it would be rational. With Bitcoin, you can be your own bank. If the chinese government did this, they would be spending tons of money in order to reveal the current flaws in Nano. It is already being used on the Bitcoin Cash network. Accept other's opinions, even if you disagree with them. CryptoCurrency comments. That's why we put our faces in our introduction post to the community. How do you propose they do that? There are plenty of things that have been wildly unpopular that have been made into law.
This is one of the issues that needs to be resolved before they move to a full PoS model. Read about game theory. This analysis assumes no further decrease in hardware costs, and no further software breakthrough, only assembling existing, proven technologies. Dan's previous projects all have it in some form. Privacy coins existed and had value before they were on formal exchanges. Burning bitcoin anonymous domain registration can bitcoin go to a million significant amount of ETH will cause the price to go up, not. But I propose a focus on the problem rather than further discussion of the question whether someone can buy lots of ETH without moving the price. I know this seem like stuff of sci-fi but read the yellow papers. Become a Redditor and join one of thousands of communities. Create an account. But I don't want to be part of this shit.
It should be noted you wouldn't use 0conf on large purchases and would rather wait for at least 1 confirmation, just in case. It woudnt take anywhere close to that to hit 7k tps. This sub is heavily biased against bch. All destabilization also chooses arbitrary winners and losers from subsequent non-theft transactions, since they were designed to be atomic. In less catastrophic scenarios, such as if miners were to try to introduce a change that harmed the long term interests of coin holders like increasing the coin limit then the set of commercial non-mining nodes exchanges, payment processors, large businesses, archives, and enthusiasts would be more than sufficient to resist this network fork. It is a financial disincentive to an attacker. You have to accumulate enough hardware, readily available to all at retail stores and made day in and day out by major manufacturers, and have a place to warehouse it and enough power to use it by lying in wait surreptitiously and then flipping a switch. Yeah, I really should. Of course it has to. On the other hand if governments ever decided that it was a public detriment The only time a 0-conf transaction is unsafe, is in the case of Bitcoin, where a transaction isn't guaranteed a spot in the next block or with things like RBF which is a built-in double-spend mechanic in Bitcoin. I am trying to use a bit of imagination here to address a doomsday scenario. If nodes observe transactions that are not receiving quorum votes, due to high saturation, they can prioritize the order in which they solicit votes from reps they haven't heard from to confirm the transactions.
The more likely scenario is someone would short the market and then attack it to make the price go. The rules satoshi nakamoto holdings coindesk net neutrality bitcoin only as good as they are enforced. At some point you mention that the ETH ecosystem is not a box sealed from reality, explaining that it may be profitable when will i get bitcoins on bitminter how many ethereum nodes are there use short position in cash settled futures to profit from an attack. Yeah, except I don't have any 1MB vision. According to the model, both of these forms of "decentralisation" are needed to ensure the security and usability of peer to peer electronic cash. As someone who knows and profits from exchange liquiditity limitations, I know this is far more difficult than one might imagine it to be. Welcome to Reddit, the front page bitcoin gold blockchain download bitcoin ethereum litecoin accepted here sign the internet. I'm really hoping somebody manages a convincing answer. Baseless price speculation, shilling, repetitive posts et cetera are removed. Or. Lightning is basically 0-conf without the risk of getting double spent. Oh yeah let's ban the one thing that makes cryptocurrencies anything like the current banking system, minus the middlemen. Therefore the risk of chargebacks is also pretty high. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets.
If some governments did this like China has already has, other countries will see the benefit of being crypto friendly. Imo, that pressure would kill privacy coins because it would translate to them being even more fringe, less liquid, less trusted, less secure. Rules No inappropriate behavior. A DDOS could actually be incredibly counterproductive for the attackers, as it could validate the amount of TX nano could handle. I said buying that today would cost more than a trillion dollars, because the price will run away from the buyer as there simply isn't a lot of Ether for sale. Although this is true, more storage space opens up for new use-cases for the blockchain, meaning we can have projects like the upcoming https: No malware, spyware, phishing, or pharming links. CryptoCurrency submitted 8 days ago by CyphersSteak. We shouldn't fall for the argument from authority. Want to add to the discussion? We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. Or less.
How long have you been involved in crypto? The external profits don't have an effect on the blockchain so PoS is not affected. If there is a demand and money to be made it will always exist. And everyone would move happily about their long positions until it happens. Who do think pulled all this shit off? We want to have privacy. All rights reserved. They win for the time it take to fork him out and then they lose. Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. That's why we put our faces in our introduction post to the community. There are standby producers that do not produce blocks, waiting to step in if needed. If you meet our requirements and want custom flair, click here. Because in the course of the attack a large quantity of ETH the attacker's would be destroyed.
It's clear that a re-org is possible, it is built into the protocol rules. That really worked so well for physical, sniffable drugs coin purse crypto trading bitcoin and taxes it? If I pull up etherscan I see lots of addresses including some exchanges with small but significant percentages of ETH. Bitcoin Cash Bitcoin Unlimited developers are working on a more efficient compression technology called Graphene. Exceptions will be made for analysis of political events and how they influence cryptocurrency. I am maybe wrong but if an attacker is in for the long game, randomness won't help. If attacks are theoretically possible, they are usually tried, and if the BCH fork and segwit2x taught us anything it is that miners and economic powers are always vulnerable to overplaying their hands in the effort to acquire more power. Quick Links: These include blockchain size, size of the UTXO set, and bandwidth usage. But far less valuable as that would dry up liquidity. The more likely scenario is someone would short the market and then attack bit15 cryptocurrency node cryptocurrency to make the price go. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy. No ta, I'm afraid you're on your own with that one buddy. It looks good, but no one can offer guarantees that it won't be broken. People that dont spend all their life circlejerking don't actualy see ads. This is coin purse crypto trading bitcoin and taxes focused enough balance that it should be possible to model fairly accurately with the cost of network recovery being the "softest" aspect of the problem and at the heart of this discussion. I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or .
Scatter Desktop Feature rich wallet: The problem here is not bad votes, but producers who pretend to be legit and then start doing bad stuff. Half go to the BP who produced the block, the other half go to a community pool where every single node bitcoin trading bots free cryptocurrency mining ico the can make a withdrawal once a day based on the number of votes they. CryptoCurrency comments. Imagine bitcoin is POS and the proponents of bitcoin cash 2. We are talking about a successful attack on the network. I'm sure that 15 of the forgers could come together and agree, and also see, that there is way more money to be made by agreeing with eachother and setting zcash calculator sols rx 470 hash rate monero price themselves, much like how it's happening in LISK, the difference being that here 54 delegates coordinated to do. For merchants, it may be rational to consider the benefits of absorbing this risk for transactions below a certain value, or using a payment processor who is happy to do so on your behalf. You've missed an important point - an how to split btg bitcoin qt can you bitcoin mine on a pc doesn't just devalue their holdings - they lose their stake security deposit entirely it is 'slashed'. ASICS enhanced the problem in the bitcoin network. That's the issue. Mining nodes should have had a pricing table about additional fee for bitcoin cash volatile does coinbase pays tax spending. Want to add to the discussion? The general idea is to hold a set of transactions out of the ledger that have not yet received confirmation.
Why would we do that? Submit a new link. Also China "banned" BTC The rules are only as good as they are enforced. If the parties invested in a rollback were counting on my hashpower to succeed in their plan, then by not participating in the rollback I would guarantee its failure, and increase my profits at the same time since less hashpower would be working on the already-accepted chain. Indeed, large stakeholders being slashed could in theory increase the value of the remaining stakeholders' stakes. Explain exactly how this "hostile takeover" is supposed to happen, in terms of price, volume, order books, supply and demand, not by referencing bucket shops from a century ago. Titles cannot be misleading. And yes, you're being schooled here. China controls the mining power already. Bitcoin Cash Bitcoin Unlimited developers are working on a more efficient compression technology called Graphene. Much more efficient to take over existing farms by military force. Log in or sign up in seconds. However, the math very much works against this being a profitable endeavour. Multiple times Chinese officials spread rumors that Bitcoin would become illegal in China, causing the price to drop. All rights reserved. That's all part of a speculative investment. See our Expanded Rules wiki page for more details about this rule. Stock parking and warehousing was the stock in trade of the hostile takeover industry before bidders were required to disclose large positions.
With this model, we have rules designed by people and implemented through a blockchain to achieve the goal you originally stated. Acquiring, configuring and powering the required hashpower may be technically and logistically more challenging although certainly not beyond large commercial or state actors. This will increase demand for short positions and reduce the demand for long positions. I'm not sure what you're getting at with that comment However, at the next halving they will be half as worried about that loss. Be aware that Twitter. Because it would never make sense to build mining farms instead of taking over existing farms, so the hash rate would suddenly drop if existing hardware was diverted towards mining a secret fork. If they can do something that devalues or cripples the network then they win. With Bitcoin, you can be your own bank. I just think this and fungibility are the only two things Nano needs before it can really be a bitcoin mining how to set up buy bitcoin with debit card instantly usa without verification currency. As NANO gains popularity, what is stopping a malicious party rich Chinese Bitcoin miners for instance from how is bitcoin measure biggest users of bitcoins some millions in computational power to destroy NANO with attacks such as tx spam, ddos, and so on?
I don't argue about this. It would be wildly unpopular. Because EOS needs 3 times fewer producers to carry this attack out, it may be even easier on EOS I'm pretty sure we will have sites where forgers reward the holders who voted for them which may not be bad as those who care about the network and vote will get a small reward. Post text. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here. I'm not sure what you're getting at with that comment, as it doesn't really counter my argument. Get an ad-free experience with special benefits, and directly support Reddit. Thank you. The bitcoin chain is the least experimental cryptocurrency there is. I didn't compare eth in terms of decentralisation which is of course not ideal but in terms of tx throughput. I'm not sure what you're getting at with that comment What does this have to do with the speculative attack you are hypothesizing? BCH insists that these interests are far more naturally aligned.
I've been around since day 1, but had less time to follow on details lately. All rights reserved. I'm not disagreeing with you my point is that using this example probably means that any coin that people see as a threat will likely face the same attacks. I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. It seems to be working just fine. Do not waste people's time. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. I can barely wipe my ass let alone stop a tyrannical government from infringing upon my rights.
Create an account. One needed by every organisation operating outside the law or local social taboos. Are you a bot? Most people won't do it but everyone has to be able to do it. Maybe I underestimate how entrenched they are, but I have a hard time imagining use cases that wont be seriously hurt by rule of law shit. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Because it would never make sense to build mining farms instead of taking over existing farms, so the hash rate would suddenly drop if existing hardware was diverted towards mining a secret fork. Mining nodes should have had a pricing table about additional fee for double spending. So by throwing away 24 hours purpose of ripple tokens fear of bitcoin and tether of blocks all of current bitcoin price coinbase can i buy bitcoin on bitfinex are full they lose 24 hours of fee collection even if they mine previously mined transactions because they are not then mining new transactions with new fees. Get an free legit cloud mining genesis mining hashrate experience with special benefits, and directly support Reddit. I think the risk that all coins would go down, even the others that they are buying, is far too high to make your scenario profitable. This is a good point. Read about game theory. Four times. Pre-approval will only be granted under exceptional circumstances. Khan Academy on Bitcoin Free Course. Create an account. Malicious block creators - a problem for EOS?
Also we have to understand that torrent site attacks by states was possible because though it is peer-to-peer it is centralized on a server and then an ISP New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Your vision about "Chinese malicious party" is remarkably ridiculous lol. Trust in bitcoin is the cost to roll back, nothing to do with the number of confirmations. The fact that he may profit from the attack doesn't protect him from the legal consequences of his attack. It hasn't historically mattered for crypto, but it is important for cash settled markets, and if discovered might be grounds for non payment of the short. Markets are not very good at pricing in black swan events. There are hundreds of proxy or vpn or tor out there its impossible to do so. This is a good point. This is the way all malicious, frivolous, schismatic or otherwise not well made soft fork attempts should be treated. My original point was that it seems that instead of spending Millions of dollars to spam the network that money may be better served being invested in Nano. People that dont spend all their life circlejerking don't actualy see ads.
Validation of txns and blocks are not an issue my 5 year old laptop can handle 20mb blocks, which is a bigger volume than all major cryptos combined. As a result, miners can't cheat because no one would accept these blocks. Too much Hollywood. Here's the primer from the head of the article: Some sort of ordering of transactions in the future based on value and coin age, these are just some ways that the devs could implement protections in the future, I am sure this is on their roadmap at some point. Youre so smart!!!!! It makes the scam more believable. Bitcoin is the currency of the Internet:
