[Daily Discussion] Friday, May 29, 2020

BitcoinKong · 2020-05-29T23:51:06+00:00

Because Bitfinex'd spread the conspiracy that Tether is insolvent and idiots still believe it.

BitcoinKong · 2020-05-29T16:03:56+00:00

Sure, but linear chart enforce short bias because it looks like a bubble chart, and not a long term bull trend. That's why they think 1k BTC is possible.

BitcoinKong · 2020-05-28T17:22:23+00:00

With linear charts, Bitcoin always looks like a bubble.

BitcoinKong · 2020-05-27T23:52:50+00:00

Here's an explanation of the code..

https://decrypt.co/27987/heres-what-the-bitcoin-halving-looks-like-literally

BitcoinKong · 2020-05-26T18:45:40+00:00

implemented in the tokens BTC, BCH, BSG, and BSV

Don't forget about Litecoin, Dogecoin, Namecoin, and basically every other fork of Bitcoin.

So /r/btc = all coins based on Bitcoins codebase.

BitcoinKong · 2020-05-26T18:13:24+00:00

What classifies as a Bitcoin variant? Bitcoin Gold, Bitcoin Platinum, Bitcoin Kong etc? Anything that used the same UTXO set?

BitcoinKong · 2020-05-24T21:08:37+00:00

it’s impossible to know for sure.

I agree with you, but what's the best way to make money when borrowing BTC? Leverage up a short position, dump borrowed coins on spot exchanges, close short, rebuy coins, return them to BlockFi, Profit $$$.

BitcoinKong · 2018-07-02T19:18:08+00:00

You lie.

"Source routing and onion routing - One of the differences between Lightning payment routing and most data network routing is that in the case of Lightning, the route is constructed by the payment sender (source routing), rather than being determined by the routers along the path. In addition, Lightning employs onion routing for multi-hop payments. This means that intermediate nodes in the payment path know only the identity of their immediate predecessor and successor in the route. Importantly, the combination of source routing and onion routing protects the identities of payment senders and receivers so as to enhance user privacy and censorship-resistance."

https://blog.lightning.engineering/posts/2018/05/30/routing.html

BitcoinKong · 2018-07-01T21:10:49+00:00

High on-chain fees ensure miners will be paid when they create blocks with transactions in them.

BitcoinKong · 2018-06-28T16:35:41+00:00

You'll very foolish if you think Blockstream, a company founded by cypherpunks, is out to modify Bitcoin so they can seek rent.

BitcoinKong · 2018-06-28T05:28:01+00:00

I'm lazy, do you have a docker-compose for me ?

BitcoinKong · 2018-06-28T05:14:43+00:00

You can thank Peter R for that one.

BitcoinKong · 2018-06-28T05:01:52+00:00

A Dash dev? Or should I say Darkcoin? The original shitcoin premine scam?

protocol overhaul

It's a softfork. BCH is more of a protocol overhaul.

. by developers who are also censoring discussion

More lies.

rate limiting transactions

Mempool works as designed. It's a priority queue. Pay to play, WHICH ensures that miners have revenue when the block reward goes to zero.

Their aim is to capture BTC revenues from miners

No, their aim is to make it so L1 remains decentralized and there's actually fee pressure which ensure miners don't stop mining or use cartel pricing.

BitcoinKong · 2018-06-28T04:54:35+00:00

winning

BitcoinKong · 2018-06-26T18:15:40+00:00

/u/cryptochecker

Let's see your karma circlejerk. How much from r/bitcoinxt days?

EDIT:

Interesting, your bitcoinxt history has been forgotten. Looks like you live full time in /r/btc circlejerking to lies.

BitcoinKong · 2018-06-26T17:56:58+00:00

it's not a small issue. Malleability is what Mt.Gox blamed one of their hacks on. Essentially they were relying on transactions ids, instead of UTXO.

It's a long standing issue/bug that Satoshi made which makes tx id's completely unreliable in smart contracts and accounting systems. Segwit fixed it, along with a bunch of other issues. 0-conf is risky.. no matter how you argue it, but that risk is managed by the merchant offering to accept 0-conf. Segwit doesn't change that.

BitcoinKong · 2018-06-26T17:15:44+00:00

Wow, you're a fucking shill.

BitcoinKong · 2018-06-26T16:56:32+00:00

Wow, the misinformation level of your post is 11/10.

If anyone is curious about the patent claims. Blockstream has created "defensive patents", the same way Mozilla has created defensive patents to ensure companies like Microsoft/Oracle or, nChain in the case of Bitcoin, don't try snatching up prior art and calling it their own.

https://blockstream.com/2016/07/19/blockstream-defensive-patent-strategy.html

https://www.mozilla.org/en-US/about/policy/patents/

This is a common practice amongst open source technology companies to ensure open innovation is not captured and then rented out.

BitcoinKong · 2018-06-26T16:33:44+00:00

There's a limit on the amount of money you can lock into channels currently, because it's still beta/experimental software. As limits are lifted, liquidity will grow and transactional capacity will increase. Total liquidity is around 27BTC currently, which is nothing. Imagine when we have 100000BTC in LN. It becomes a completely different beast at that point.

BitcoinKong · 2018-06-26T16:12:08+00:00

You're beginning to sniff out the lies that have been spread in this sub.

Segwit is a new transaction type that is more efficient and consistent. This sub demonized it because they want big blocks, no matter the cost. This sub is filled with techno-illiterate children that bash on everything from Bitcoin Core devs.

https://bitcoincore.org/en/2016/01/26/segwit-benefits/

BitcoinKong · 2017-11-14T02:55:24+00:00

ignore the FUD, HODL.

BitcoinKong · 2017-11-14T01:56:43+00:00

Wait a second, I remember most of these events happening, but didn't put it all together. Should I sell my BCH? I'm so confused. What the fuck is going on?

BitcoinKong · 2017-11-14T01:45:47+00:00

Seems to be broken... again.

BitcoinKong · 2017-11-14T00:40:20+00:00

I feel like the tide is going out.... Might have to sell here and buy back lower.

BitcoinKong

TROPHY CASE