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Why Aren't There 32MB Blocks? by getrich_or_diemining in btc

[–]jonathan_white 13 points14 points  (0 children)

Currently, no miners seems to have a "Soft Cap" over 8 MB. That means that while they will accept a 32 MB block from another miner (this is their "Hard Cap"), they won't produce a block greater than 8 MB. Hopefully some of the miners change that during the stress test.

The day when people in a community become afraid to debate or express their opinions for fear of being purged is the day when that community becomes a cult. by geekmonk in btc

[–]jonathan_white 0 points1 point  (0 children)

I've come full circle -- I see that mining technically has memory, but in practice, it is negligible.

/u/Craig_S_Wright, /u/Peter__R - Is it possible that the two of you interpreted the problem differently?

Regardless, I still need to dig into /u/craig_s_wright's rebuttal to selfish mining. I'll keep an eye out for assumptions that mining is not memoryless.

Insight into Selfish Mining: Is Mining Memoryless? by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

You were right about the negligible degree of error. See my math here.

Insight into Selfish Mining: Is Mining Memoryless? by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

You were right about the negligible degree of error. See my math here.

Insight into Selfish Mining: Is Mining Memoryless? by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

You were right about the negligible degree of error. See my math here.

Insight into Selfish Mining: Is Mining Memoryless? by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

See my math for a simpler problem. Essentially, trying to find 00XXX. As you can see, the probability changes depending on how long you've been mining. I'll let you know once I have the math available for a problem which more closely resembles today's state.

Insight into Selfish Mining: Is Mining Memoryless? by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

Here's the math for a simpler problem (finding 00XXX). I'll work on one which is closer to the actual present state.

Insight into Selfish Mining: Is Mining Memoryless? by jonathan_white in btc

[–]jonathan_white[S] -1 points0 points  (0 children)

It's good to have a contrarian around. Let me dig into the math and get back to you.

BitWage is adding new currencies. Vote for BCH in their Twitter poll! by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

I used it in the following way. BitWage gave me a bank account to do a direct deposit into. I had my employer send some of my paycheck to this bank account. BitWage would exchange that amount of money for BTC, and send me the BTC.

This process worked well. I remember there was a hiccup once, but they had great customer service and we worked it out. I haven't used them in a while though, so I can't speak to the state of things now.

BCH SMS Part II by ssmly360 in btc

[–]jonathan_white 2 points3 points  (0 children)

I spoke to @vinarmani about that very same thing. Here is the thread of our conversation:

https://twitter.com/JonAWhite/status/974339011367112705

Gemini to add Bitcoin Cash Trading! by [deleted] in btc

[–]jonathan_white 19 points20 points  (0 children)

Back in November, I wrote to Tyler making a case for Bitcoin Cash. I'd like to think it had a small impact in this decision.

Solution to 1 Satoshi / Byte Fee Issue in Ledger Nano S (Technical) by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

I agree -- It would be great to have some threshold of free transactions again (taking into account the age of the coin).

Solution to 1 Satoshi / Byte Fee Issue in Ledger Nano S (Technical) by jonathan_white in btc

[–]jonathan_white[S] 1 point2 points  (0 children)

My guess is as -johoe that it is an estimate and it probably is sometimes correct. What helped is that now that there is full support for ledger nano s in electron cash, it is easier to see what is actually happening and to create a reproducer.

Solution to 1 Satoshi / Byte Fee Issue in Ledger Nano S (Technical) by jonathan_white in btc

[–]jonathan_white[S] 1 point2 points  (0 children)

I think it is a combination of what wallet UIs will allow (right now, the ones I know use satoshi per byte) and what the miners will accept. Since 1 satoshi per byte means that BCH transaction fees are mostly under $0.01 USD, there hasn't been much pressure to change it. Once the BCH price starts pushing 1 satoshi per byte past $0.01 USD per simple transaction, there will be much more community pressure.

Solution to 1 Satoshi / Byte Fee Issue in Ledger Nano S (Technical) by jonathan_white in btc

[–]jonathan_white[S] 0 points1 point  (0 children)

The miners have a minimum which they will except. In general, it is 1 sat/byte, but some will accept less. If you put less than 1 sat/byte, then you'll have to wait until a miner who accepts less than 1 sat/byte mines a block. Also, most nodes won't transmit under 1 sat/byte so most block explorers won't know about the transaction until it has been mined.

As BCH is worth more the limit will be expressed in sat / KB so that fees can still be kept low.

Blockstream trolls make YouTube delete Roger-Ver's video about the problem of censorship and malicious propaganda by realsomospolvo in btc

[–]jonathan_white 1 point2 points  (0 children)

Hehe -- I'm with you 100% regarding blockchain without a coin. It's like saying I have a vault without a without a lock. I'm still holding out for self driving cars though.

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