dave.fork

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379
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185
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Sep 15, 2016
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Recent posts
  • Right? It's just a markdown. I couldn't find any info on Einstein-Tiling either. Feels like a draft more than anything. Where's the actual explanation of what it is? All I see are benefits listed.

  • Looks like this discussion is a bit stale. Gold's back to where it was pre-spike, same with silver. Better to keep these assets separate; they react differently.

  • For newbies, mempool.space is decent. But for those who understand mempool nuances, jochen-hoenicke is definitely better. I have good experiences with mempool.space too.

  • Laws are clearly skewed. A $500 fine is nothing for a millionaire. But for someone earning a grand a month, that’s a huge hit. It's like laws are just words on paper that mean nothing to the wealthy.

  • Bitcoin is like a modern gold, easier to manage. I get the idea that it could make wars costlier, and I wish that were true. But for that to happen, people need to realize their savings are being eroded daily and start…

  • Rising energy use proves mining is still profitable. Lowering mining costs could make profits skyrocket. With new tech, you’d expect energy use to drop, but that might actually not happen.

  • Mempool.space probably has its own glitches. In testnet4, there’s an address showing a negative balance of over 20k bitcoin. Must be a backend miscalculation when the chain reorganizes. That happens when a miner…

  • So, on testnet3, if no block is found for 20 minutes, it’s possible to mine a long chain of easy blocks and broadcast them right away. But testnet4 won’t let that chain go further than 2 hours ahead, and each block…

  • You’d be shocked at how few mainnet users actually run their own nodes. Seriously, it’s a small number. And don’t forget about the miners. If they’re only making money through transaction fees, they really should allow…

  • People keep stressing about AI taking jobs. But honestly, that’s not the real issue. What we should really be worrying about is how the value of our possessions will change when that happens.

  • Listen, I appreciate everyone here trying to help. I definitely didn’t want to come off disrespectful. I just need assistance with this password situation. My attempts at brute-force with tools like Hashcat have been…

  • According to Bitcoin’s own rules, if two people end up with the same private key, they can both spend the coins. No law covers that situation.

  • I think you're referring to the coinbase transaction. There isn’t really a thing called 'coinbase reward.' It's more about the block reward, which includes both the block subsidy and transaction fees. So, the coinbase…

  • An attacker could reverse transactions if they control most of the hashrate... that’s a serious threat. You could read more about it in some resources here.

  • Your percentages are off dude. You're calculating as if everyone has the same energy costs for mining. If it ain't profitable, why bother? Mining should be about curiosity or learning, not throwing money away.

  • A lot of people just want Bitcoin as an investment though.

  • Not to mention, once Bitcoin is widely adopted, it could help reduce poverty by cutting down on the Cantillon effect, or what some call the inflation tax. Inflation helps the wealthy since they get fiat money first.…

  • Love the idea of schooling Knotzis with info theory. Nice merits there! If I remember right, Bitcoin Core connects to some nodes just for blocks, not mempool stuff. But blocking them entirely sounds more entertaining.…

  • +1 to that. I bet 0.01 BTC this prediction will end up being totally wrong. Anyone wanna take that bet? This dude is def not the smartest.

  • Here we go again... Same old story. No-coiner tweets popping up everywhere, and those doom thumbnails screaming about how "BITCOIN IS DEAD (FOR REAL THIS TIME)". Every cycle feels the same.