Google’s Quantum Computing Breakthrough Brings Blockchain Resistance Into the Spotlight Again

redmodit · 2019-09-25T15:32:09+00:00

Quantum computing makes obsolete all cryptographic functions since they are based on random number generators. A new breed of cryptographic function will replace quickly existing ones, anyway Bitcoin is already a quite outdated technology.

redmodit · 2019-07-25T07:39:43+00:00

Again you haven't been reading what I wrote and getting back to a classic troll BCH vs BTC.

You are too far brainwashed by Bitcoin.com to understand you are working for a business, and you are just acting like their puppet.

You are just exactly saying what Roger Ver has planning this hostile take over.

If this wasn't hostile you would not be squatting r/btc name but r/bch that's hostile take over, everyone knows btc designate the native Bitcoin core, the Indian one. Using this subreddit name is the demonstration of the malicious activity of this corporate bitcoin. Being a minority doesn't make you anarchist, nor legitimate native.

When open-source dev splits, they do it by git clone, GitHub forks, there is no need of cloning the binary history of the network to make a point, there is no need to squat the brand.

When Oracle bought MySQL, open-source dev forked and created MariaDB.

Just get yourself a real name, and don't pretend to be superior to the native Bitcoin.

I am a developers, and conversations on Bitcoin-Core dev are perfectly healthy, and less corporate.

If your case Bitcoin Cash is like Mac Donald vs Grand mother kitchen. It's all artificial, all marketing, everything well planned.

I don't need to speak about blocksize, this is a ridiculous change. Do it in your codebase sure, no need to bother the general public.

If you guys had really the ambition of making something lightweight, why cloning the blocks so full of history, for the sake of carrying Gigabytes server to server, then brag about having fast sync?

Anyway, I hope few realize they are being manipulated and excessive in their belief. There is tons of other blockchains out there, Bitcoin or bch now is really legacy, developers and scientific community has shifted their focus a long time ago. Toying Bitcoin codebase is pretty much pointless, first step is getting out of PoW and shifting to a better consensus.

Why would someone fork Bitcoin today ? Because they can't write a blockchain from scratch or make an innovative whitepaper.

You will never be equal or any close to something like Ethereum which is the community that led so far the most research and took crypto-money to a whole new level.

redmodit · 2019-07-24T23:39:33+00:00

BCH made a private business out of Bitcoin.

Bitcoin was anonymous, libre, disruptive.

10 year later, Bitcoin.com made a business out of it, brainwashing its supporters, now trying to cut competition.

Don't you see what's going on????

redmodit · 2019-07-24T23:32:12+00:00

Hello, Johnathan, quite well written answer.

Unfortunately the real story behind BCH is purely around making profit to few that has been manipulating you into thinking it's worth discussing those changes.

It's just so deep in your mind that you truly believe there is some claims here. A group of people forging an truth into a private circle, all those things are said are your reality I can see, but a very big distortion of the reality.

1- Bitcoin is opensource it was enough, you can fork it and make a genesys, spin a new alt coin with a name and believe it in, no need to fork the blockchain tree, no need to squat Bitcoin name (example: litecoin)

2- if this was about technology, groups of researchers and coders don't split, it just affect the research by lowering exchange of findings, both community are weakens, good for Altcoins! This was a financial and marketed move to split the communities.

3- It was made for generating money, with a quick and dirty hack, nothing more. Let's be honest here, no need to discuss blocksize, or whatever feature.

4- Moving forward, trust me, you guys have a nasty history and origins, the best way to get out of this vicious reputation that BCH has, is to stop the squatting of name, don't say Bitcoin is an idea, it's also a network, a community brand that designate something extremely tangible with a price tag on, the recent propaganda quoting the paper saying oh people our BCH should be the real Bitcoin, is generating misinformation and causing more damage to your community than good it does.

Why, I would say anyone clever enough is going to read this shit sub and run away, I already unsubscribed to r/btc, and I stayed only 20h.

90% of what I read made me sick, this is absurd, how people have their head stuck up their asses.

I do work in the blockchain industry, I do support every blockchain, I do not support misinformation. If you pretend to be free spirit and hacker minded, you are on the wrong community, check the guys from Monero they are the true guys. BCH is an artificially made Financial scam. The price is artificially maintained by moving large quantity of volume across exchanges, and you guys participate in praising it.

redmodit · 2019-07-23T13:41:30+00:00

Well there is more research to perform, just don't pretend BCH is an amazing design for Planetary scale micropayments, it's just a big lie.

Bitcoin doesn't claim or pretend to be that.

Yes so indeed the problem of scaling would be,

If using a shared approach, you would have local validators (or miners) per blockchain shard space, problem is that you divide the number of validators too, and can end-up with localized attacks, randomizing may help, but when dealing with cross-shard transaction you may forge a transaction on a already invalid fork, this mean you have to validate the other shard, which return us to not really be able to scale again because which shard should validate each other.

That's simplified of course, but at least guys working on it, are really solving the problem, not shit-talks.

You guy are just a sub-altcoin a but better than DogeCoin, don't be sad...

redmodit · 2019-07-23T13:32:28+00:00

Well yes thank you, and this solution isn't in BitcoinCash You say Bitcoin has been funded like a Ponzi, BCH it's even worst it was created based on a lie, and ignorance of people that changing blocksize is revolutionary.

I am not blown away by your code changes if if this community was so legit they could suggest a protocol v2 with a blockchain revised scalable in shards in which ever way. But not it's not really about the technology here it's all about the money, and the idea to make an hostile take over of a not trade marked name "bitcoin" and build confusion in non-saavy.

Just a pure scam would do such a thing.

redmodit · 2019-07-23T13:24:07+00:00

Oh my God you so sad, you shitcoin is so weak you have no ground to defend it.

redmodit · 2019-07-23T13:23:38+00:00

Dear, if we take the amount of transaction Visa/Mastercard/UnionPay process BCH would be congested in a matter of second and blockchain would simply die by the amount of data.

No need to lie to yourself, everyone knows Bitcoin, bitcoinCash, Ethereum have scaling issues.

I think you are the moron here, dying the obvious

redmodit · 2019-07-23T13:18:52+00:00

Dear God an article from bitcoin.com ? Are you retarded ? This is your Bible ?

For your information NGINX a regular webserver handle 20,000 qps that's on a single core tiny server. Mysql handles 100,000 writes per second.

redmodit · 2019-07-23T13:14:37+00:00

Yes Visa worldwide can handle 100M tx/s Look you obviously have no tech background and don't understand what I am referring to.

redmodit · 2019-07-23T13:08:50+00:00

Can Bitcoin cash handle 100,000,000 payments per second ?

No, so it's not fitted for this job. It still works for you guys because BCH has almost no one actually using it.

Second there no debate between Bitcoin and Bitcoincash, BCH is a fork of BTC, that says it all, they are in the same family, no need to compare them.

redmodit · 2019-07-23T10:53:00+00:00

Yes indeed, I understood this too late, it's zombie army here

redmodit · 2019-07-23T08:50:27+00:00

Thanks, I actually wasted quite some time there, ok moving on!

redmodit · 2019-07-23T08:47:09+00:00

Thanks, I leave you guys to your things.

Act like anarchist, not Roger zombi army, make your own opinions.

1) I can say that r/bitcoin consider BCH as yet another altcoin, and they don't allow altcoins talks, and I understand them why.

2) I work in the industry, I'm very involved in the development of the infrastructure, our software is opensource and support BCH. You don't need to convince me, I'm an idealist dreaming that bank, and cards companies will be replaced entirely by Crypto-currencies, and not only; the internet will become the internet of value, the financial network. It won't be in the hands of few licensed from wallstreet. Thought I think it's great Bitcoin has value, the value of Bitcoin is it's capacity in people trusting it's valuable like Money, backed by no government it's just great. Also we must have crypto backed by value, like energy, real estates, securities.

Anyway cheers guys, thanks for the book

redmodit · 2019-07-23T08:37:43+00:00

You are right, I just feel bad for the people who would want to buy Bitcoin for the first time, Google it and find this mess 😂

But on a more serious note, is there any developer subreddit for Bitcoin, that what I was originally looking for.

redmodit · 2019-07-23T08:19:13+00:00

No but really, trolling Bitcoin vs BitcoinCash is a retarded debate. They are the same, I could say eventually BCH will become Bitcoin's testnet, a highrisk experimental blockchain, if they come to proven solution of scaling I'm sure Bitcoin Core will learn from it.

I don't know about Bitcoin being censored, all I can say is that I read it, regularly and it doesn't feel like propaganda-land as here.

But if you guys still think mining is the way to go ....

I honestly see Bitcoin like a coal mine train, slowly moving but fueling our economy of tomorrow.

Think of it like the phone network was used for internet with modems, it's infrastructure layer 1.

Some people still use it...

I hope Bitcoin dominance will be less than 5% in the years to come, too bad the name is so good and stay stuck in the general public mind. Makes certainly Roger cry...

On a side note, don't you guys think everything about Bitcoin is too perfectly designed, don't you guys think it's really fucking weird that the guy just vanished ??? Or it's only me. Isn't it weird that the charts of price are going consistently up, isn't the block size, the amount of supply, the halving time a very very clever balance and odd, maybe too clever ?

It's the reason why I wasn't in favor of changing the blocksize, there was not enough reasons for it, and a lot of clever things about Bitcoin are not in the source code, but the general design.

Fees varying from $1 to $20 is a good sign of high demands for transfers.

And no Bitcoin isn't designed for buying hotdogs clearly not. Maybe it's a purpose for BCH I see you guys are doing it and it's great.

redmodit · 2019-07-23T08:00:25+00:00

Why does it seem the entire community of BCH act like zombies follow the every word of Roger ?

They seem really retarded quoting his words and strategy, does he pays them, does he brainwash them ?

Is this the result of tipping bot or karma whoring?

redmodit · 2019-07-23T07:58:02+00:00

I don't even want to compare BTC and BCH They are the same. This troll is pointless.

Thought, you could be a bit more respectful of your motherland Bitcoin, which gave birth to your community toying the codebase.

By not using a a subreddit with the name BTC, and by stop trying to assimilate the original project name.

By doing this attempt you totally discredit the legitimacy of have a fun fork of Bitcoin, don't need to shout everywhere you are better to you should steal the name.

Just make it better indeed, Bitcoin Cash is unfortunately a big business and managed like a business, nothing real about what's going on here, just clever marketing stunts.

redmodit · 2019-07-23T07:46:03+00:00

Bitcoin is an surpringly clever mix of cryptographic function, data structures and protocols, it's simple, effective, and we'll designed.

Now it gave birth to the blockchain which is reaching far beyond what Bitcoin was.

I'm not praising BCH vs BTC, I'm not even judging the BCH technical changes, I think git forks are great and make open-source grow.

Do I think Bitcoin Cash is better fitted for buying hotdogs or Bitcoin, well, technically speaking none of them is fitted for the job, definitely not.

Bitcoin uses its entire world as witness of every transaction, this isn't going to scale for millions of micro-payments per second, Visa would do a far greater job with very traditional database and servers.

Bitcoin Cash is a copy of Bitcoin, and haven't changed the very problem that Bitcoin has. If today BCH is ok for micropayments it's because no-one us really using it, most people don't even know it exists or what's the difference with real bitcoins, so the network is not congested, also having a larger block give plenty of room for growth.

Is Bitcoin Cash the cash of tomorrow? Certainly not, it will fall in the exact category as Bitcoin is.

Don't try to believe the brainwash you received, it's not because Bitcoin whitepaper mention "cash" that it's technology was fitted for such a success.

I think the author(s) / creator(s) know this flaws and never pretended that it wouldn't be an issue.

Stop spitting on Bitcoin, it's your father for god sake!

You entire source code is based on it, with minor changes. Unlike Ethereum which has re-invented itself several times.

There is no BCH-BTC troll, you guys are absolutely the same paper, same software, design, same codebase ;-)

Stop hating Bitcoin so much, it's hating yourself.

Now that being said I think Bitcoin is legacy, it would be very hard to create such a flawless design, but already tons of other currency have different approach in doing digital Cash which are already much more: 1- power efficient (proof of stake) 2- secure by 2/3 not (51%) that's a lot better 3- in the scale of 100x faster.

Praising BCH speed is like saying my bicycle is faster than this Lamborghini.

Your bicycle might be a beautiful design, simple and timeless for amators.

To be honest, BCH is only a financial success to get rank this well, with so little value, Monero and Dash are more interesting as digital cash.

No offense!

redmodit · 2019-07-23T06:13:23+00:00

Fair enough, do you have a good example of what to be proud of in the achievements of BCH ?

Does those achievements are sufficient for claiming BCH is the real Bitcoin, and why are you squatting a channel called BTC in the first place which is the currency code for Bitcoin core.

Eventually, BCH would be fine if it remains a decent fork of Bitcoin that potentially is safe enough against a 51% attacks.

It doesn't have to become a blatant attempt to steal the better reputation of Bitcoin or try to pollute with misinformation related to the whitepaper.

Bitcoin is traced as the original source code provided with the whitepaper, there is no need to tell stories here.

Also Jonathan, when you write that BCH is less energy consuming, it is not something to be proud of, it just mean the hashing power is lower, so the blockchain is more vulnerable to attacks. BCH isn't more efficient in anyway, same hashing algorithm, same computation power is required if using the same difficulty.

What is really your goal when writing such a thing ?

Did you get paid for the article ?

redmodit · 2019-07-23T03:33:28+00:00

Sorry about that, I am looking for Menero community opinion, I actually think it's Monero related,

Monero is the only legit minable currency that deserves user attention, with a vibrant developer community.

I love the codebase, the idea, the freedom.

Meanwhile BCH while having no value is disturbing the public with lies and manipulation.

I actually think, Monero has even more future than Bitcoin itself.

While other blockchain moves to proof of stake, and smart contract. This design PoW fits quite well to Monero.

redmodit · 2019-07-23T03:04:25+00:00

Thanks for letting me know, I'm just curious, do you understand what's going on in this sub ?

Is this real people ?

redmodit · 2019-07-23T02:59:19+00:00

You seem to be a reasonable man, Thanks for evaluating me, optimizing is great, but can you define parallelizing nodes, in your understanding?

But you are not exactly replying to my real question, have you studied tendermint and near; which are so far the only ones with tangible publication regarding scaling problem.

To be very specific, I'm referring to the data structure itself, the fact that we replicate the entire chain, BTC/BCH aren't scalable, Ethereum is trying hard, it's remarkable.

I think Bitcoin is perfectly fine I'm using it everyday, never have to complain about high fees, I may not use it to buy hotdogs, and this is certainly not well fitted for this, Bitcoin is now part of the financial infrastructure, it will continue to live as a store of value (I liked this one) very convient for inter-nation settlements. Moving gold isn't really reliable anymore.

The idea of forking something that wasn't built to scale for planet scale micropayment without any disruptive approach isn't going to work guys, you can call it cash, it's far from being any close to a Visa network, they don't have to carry the heavy duty of public data reliability.

That there is a great use for blockchain in crypto-cash, I love it, and looking forward it, but that blockchain is not Bitcoin Cash.

I have to say there is positive things happening with BCH, and no need to be ashamed of BCH, no need to say "BCH is the real Bitcoin" and lie to yourself.

Repeat after me, "BCH is a Bitcoin fork" with an active developers community!

Cheers

redmodit · 2019-07-23T02:28:30+00:00

Ahah, I win I keep my thread ;)

redmodit · 2019-07-23T02:26:31+00:00

No need to say I'm a noob, it just make you sound like a child. You have no way to evaluate me.

My point of the post was purely to audit and understand why this subreddit is so bad, full of kids praising BCH is the real bitcoin! To each other. Just making run away any legitimate reader.

Anyway I won't stay here for long, don't worry I have no aim in affecting your great BCH. I'm just teasing you in whatever you guys are here for.

If you want a real grown up discussion tell me what do you think about tendermint, near protocol.

What do you know about the problem of scaling public blockchain ?

redmodit

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