Create account

2265d · Ed
Roger has officially stopped supporting Bitcoin system, he now supports Jihan's Wormhole Cash. Fuck both of them.
3 / 62 4
1,000
1DYD9Y8EomqBapvM
replied 2265d
U know that u can "wormhole" any open blockchain, BTC and BSV included, right?
replied 2264d
If you want to say anyone can destroy their bitcoins by sending them to some unknown address the way Wormhole does, yes, but as CSW said, no longer used addresses will be mined again.
1DYD9Y8EomqBapvM
replied 2264d
Who decides what's "no longer used"? It's reintroduction of trust and antithesis to Bitcoin. If such changes will appear on BSV chain, its tokens'll likely lose a lot of value
1
replied 2264d
If you move your money it's used. If you don't touch it for 100 years the hash function will be cracked and the "sunken" money can be reused. If you ask me: another ingenious feature.
replied 2262d
& if it isnt touched in 10 years? 5 years? 1 year? 6 months? when was the last time you 'touched' your retirement account? & cracked hash function is a different issue.
replied 2262d
It cant be recovered if the hash function isn't cracked as far as I understood. Cracking the function takes time. Therefore moving your money before 100 years or so will make it used.
replied 2262d
trying to decipher this https://medium.com/@craig_10243/fixing-op-fals-fd157899d2b7
replied 2262d
If his only point is that crypto will be cracked in the future, then yeah of course that will happen so why make it a point of contention now?
replied 2262d
AFAIK the issue is that CSW wants to move 'lost funds' out of wallets (cant find where he defined lost) or out of wallets on BSV that use DSV on BCH
1DYD9Y8EomqBapvM
replied 2263d
Hacking signing hash function is fine with me, I don't see manipulations with ledger that avoid signing anything on the protocol level, which was the idea on SV side, as valuable
replied 2264d
You can make it so that addresses that haven't been used for 50 years or so, or more to be such... means its money sitting there for that long doing nothing, its either lost or hoarded
1DYD9Y8EomqBapvM
replied 2263d
I decide what to do with my money and when. Bitcoin makes erasing my money from the ledger almost impossible. Changing that on some chains of Bitcoin will just make them less valuable
1
replied 2263d
What if you die or lose wallet access? There are legit uses for this re-mining of such addresses. Just don't leave them forever like that, move them every few years & you're fine.
1
777
replied 2262d
There are no such uses. This is lunacy, theft, and fraud. The very basis of Bitcoin is holding the private key and an immutable ledger.
2
546
replied 2262d
Don't bother. He is a commie. Theft of other peoples funds is second nature :-)
1
bchbtch
replied 2260d
The private keys CAN be brute forced, in the future it will be economical to do so in some cases. Who would you rather give an insecure private key to, a miner or a crook?
replied 2260d
Neither. If there is a compelling reason, everyone will move funds to newer secure addresses. https://allkeys.cash
bchbtch
replied 2260d
Even if they're dead? Keys can be mined with computing power, miners run data-centers, it makes sense that miners will claim old keys since anyone can do it.
replied 2260d
And I trust mathematics/physics. You are and will be unable to brute the private keys with current tech.
bchbtch
replied 2260d
No kidding. I'm not talking about current tech. How long will the 160 bits hold? not forever, and we'll have to upgrade. If someone doesn't upgrade what do you do?
replied 2260d
The 160 bit hash is just an extra layer to protect against a potential flaw in secp256k1. When you transact, you reveal the public key anyway (that's why we have change addresses).
bchbtch
replied 2260d
https://lbc.cryptoguru.org/

Is this method flawed?
replied 2260d
I'm not qualified to answer that, but it looks like a fun experiment.
replied 2260d
Yes, even if the private key is lost. It should be untouched. This is like asking Apple to put a backdoor into iOS “just for the good guys.”
bchbtch
replied 2260d
It doesn't matter what 'should' be done. There is money up for grabs, it's nuts to think people will just leave it there. Given that people WILL try to claim it, how should that go?
replied 2260d
Here is a tx ID for 50 BCH unprotected by Hash160. Good luck: b0e585927e1737d07bd8157a2ba9f7615ef8ecd2af6d03523e51b4d23e134b6a
bchbtch
replied 2260d
Wait, do you acknowledge that the cryptography in the protocol will eventually have to be updated?
replied 2260d
I never suggested otherwise. This is the part where you now try to continue justifying theft of funds "because someone will eventually steal it anyway." 🙄
bchbtch
replied 2260d
This is much better for the currency as a whole than to let them go to whoever or fall out of circulation forever.
bchbtch
replied 2260d
It's not theft if you allow the owners to come forward and claim them. In fact, the miners are the best people to run such a system. They have the integrity of the currency in mind.
replied 2260d
I'll pass on SV. Reclaiming funds by mining is theft and fraud. The end.
bchbtch
replied 2260d
So dramatic :P What do you mean reclaiming by mining? How does that work? The method I outlined does not use mining hardware.
1DYD9Y8EomqBapvM
replied 2261d
Death or incompetence don't grant whichever arbitrary collective a right to my money. Nothing does except my own choice. Mine your own coins or the whole ledger will perish market-wise
1
1DYD9Y8EomqBapvM
replied 2261d
"Re-mining"? Theft. And coins of chains with "re-mining" will be less of interest to me. Plain and simple. If it'll be BSV, then BSV will be less valuable to me than BCH
Hurensohn
replied 2264d
your holy csw does not like communists. maybe he will exploit you one day ;)
Hurensohn
replied 2265d
lel
replied 2265d
What do you mean by the Bitcoin System? There are many Bitcoin Systems.
replied 2265d
No there isn't, there is only ONE Bitcoin system. The rest are shitcoins and altcoins. In that category are BTC and BCH/BAB. Bitcoin SV is the ONLY one using Bitcoin system.
replied 2265d
I don't have to use the manufacturers instructions to get the same result, and may even build it better.
replied 2265d
Mike, what is the best part of BCH/BAB?
Simon Van Gelder
replied 2265d
It is the evolutionary tip.
replied 2265d
It's cheap, fast, and reliable.
replied 2265d
What properties of BCH are the most valuable from a technical perspective.
replied 2265d
The technical side creates the use cases. It's only the use cases that will be valuable. And money is #1. Everything else is secondary.
replied 2265d
I see what you mean. Do you have any specific examples?
replied 2265d
No There is only one Satoshi White Paper that clearly states the definition of BITCOIN as:A PEER TO PEER ELECTRONIC CASH SYSTEM. Both BCH and BSV are considered Bitcoin and some others
replied 2264d
BCH is no longer valid Bitcoin system.
replied 2264d
You can call it whatever you want but the "FACT" is it's a PEER TO PEER ELECTRONIC CASH SYSTEM. I could careless what you want to call it.
replied 2264d
While i agree that BCH is still P2P Cash System, it is no longer Bitcoin system. There is a difference. Litecoin is still P2P Cash system, but its not Bitcoin either.
replied 2264d
Litecoin is a bad comparison because it doesn't share the transaction history
replied 2264d
It is a good example to compare because the argument was BCH is Bitcoin because it works as P2P Digital Cash.... so that argument is invalid.
1
replied 2264d
No you are confusing Bitcoin with the Satoshi Whitepaper. The Satoshi Whitepaper is a theory on one Bitcoin System.
replied 2264d
Bitcoin is like an `iPhone XS`; `iPhone XS` is not `iPhone XR`, nor `iPhone X`, nor `Pixel 3`. when you fuck with its features it ceases being `iPhone XS`; same is true with Bitcoin
replied 2264d
But they are all called cell phones dork.
replied 2264d
...you are confusing `crypto` with `Bitcoin` - "The Satoshi Whitepaper is a theory on one Bitcoin System."
replied 2264d
Exactly.Again the Definition of Bitcoin is "A PEER TO PEER ELECTRONIC CASH SYSTEM".Their are a few coins that fit this definition. Maybe they should be called Iphones. But still crypto
replied 2264d
Dude, you are really talking garbage right now. You will sound smarter if you keep quiet.
replied 2264d
Talking Garbage? A White paper is a theory on how to do something. Look it up Moron. You will sound smarter if you leave.
replied 2264d
Yes, you are talking garbage. Bitcoin system is based on that white paper, its where the system rules are set and outlined. You change the rules, its no longer Bitcoin system.
replied 2264d
Bitcoin is a SYSTEM with specific rules and working principles. BCH no longer satisfies all those rules and working principles, same as BTC, LTC and all others, with exception of BSV.
replied 2264d
It most certainly is.
replied 2264d
It most certainly is not. BCH is Bitcoin as much as BTC is Bitcoin. Both are no longer Bitcoin.


About Privacy Terms Stats