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Blockchain, the amazing solution for almost nothing
Article from Jesse Frederik at the Correspondent Highlights: At its core, blockchain is a glorified spreadsheet (think: Excel with one table). In other words, a new way to store data. In traditional databases there’s usually one person who’s in charge, who decides who can access and input data, who can edit and remove it. That’s different in a blockchain. Nobody’s in charge, and you can’t change or delete anything, only view and input data. Nakamoto thought that everyone would be able to work equally hard to solve the puzzles. But some companies have exclusive access to specialised hardware, cheap electricity and space, which makes them much better able to fulfil this role. What was envisioned as decentralised has become centralised again, because of the advantages of scale. Out of over 86,000 blockchain projects that had been launched, 92% had been abandoned by the end of 2017, according to consultancy firm Deloitte. Firstly: the technology is at loggerheads with European privacy legislation, specifically the right to be forgotten. Once something is in the blockchain, it cannot be removed. For instance, hundreds of links to child abuse material and revenge porn were placed in the bitcoin blockchain by malicious users. It’s impossible to remove those. The presumed hackers of Hillary Clinton’s email were caught, for instance, because their identity could be linked to bitcoin transactions. A number of researchers from Qatar University were able to ascertain the identities of tens of thousands of bitcoin users fairly easily through social networking sites. Other researchers showed how you can de-anonymise many more people through trackers on shopping websites. The fact that no one is in charge and nothing can be modified also means that mistakes cannot be corrected. A bank can reverse a payment request. This is impossible for bitcoin and other cryptocurrencies. So anything that has been stolen will stay stolen. There is a continuous stream of hackers targeting bitcoin exchanges and users, and fraudsters launching investment vehicles that are in fact pyramid schemes. According to estimates, nearly 15% of all bitcoin has been stolen at some point. Solving all those complex puzzles requires a huge amount of energy. So much energy that the two biggest blockchains in the world – bitcoin and Ethereum – are now using up the same amount of electricity as the whole of Austria. Carrying out a payment with Visa requires about 0.002 kilowatt-hours; the same payment with bitcoin uses up 906 kilowatt-hours, more than half a million times as much, and enough to power a two-person household for about three months. OK, so with bitcoin, banks can’t just remove money from your account at their own discretion. But does this really happen? I have never heard of a bank simply taking money from someone’s account. If a bank did something like that, they would be hauled into court in no time and lose their license. Technically it’s possible; legally, it’s a death sentence. Of course scammers are active everywhere. People lie and cheat. But the biggest problem is scams by data suppliers. (for instance: someone secretly registers a hunk of horse meat as beef), not by data administrators (for instance: a bank makes money disappear). A blockchain is a database – it’s not a self-regulating system that checks all data for correctness, let alone one that calls a halt to unauthorised building works. The same rules apply for blockchain as for any database: if people put garbage into it, what comes out is also garbage. Or as Bloomberg columnist Matt Levine wrote: “My immutable unforgeable cryptographically secure blockchain record proving that I have 10,000 pounds of aluminium in a warehouse is not much use to a bank if I then smuggle the aluminium out of the warehouse through the back door.” Data should reflect reality, but sometimes reality changes and the data stays the same. That’s why we have notaries, supervisors, lawyers – actually, all those boring people that blockchain thinks it can do without. But wasn’t that the whole point of blockchain, that you could do without these trusted third parties? So what are they doing here? If you ask me, they’re building a completely normal, run-of-the-mill database, but extremely inefficiently. Once you’ve cut through all the jargon, the report turns out to be a boring account of database architecture. They write about a distributed ledger (that’s a shared database), about smart contracts (that’s an algorithm) and about proof of authority (that’s the right to veto whatever is entered in the database). “I work with code, so people see me as a magician,” he said proudly. It was always rather surprising to him – a magician? He spends half his time yelling at his screen in frustration, while he programmes strips of duct tape to repair creaky PHP script from years and years ago. What Tim meant was that ICT is like the rest of the world – a big old mess. And that’s something that we – outsiders, laypeople, non-tech geeks – simply refuse to accept. Councillors and managers think that problems – however large and fundamental they are – evaporate instantaneously thanks to technology they’ve heard about in a fancy PowerPoint presentation. How will it work? Who cares! Don’t try to understand it, just reap the benefits! According to a recent survey carried out by consultancy firm Deloitte, 70% of business executives said they had a lot of expertise in the field of blockchain. The greatest advantage of blockchain, according to them, is its speed. That's a bit stupid, because even fanatics see speed as a problem, not a feature. This is the market for magic, and that market is big. Whether it’s about blockchain, big data, cloud computing, AI or other buzzwords.
Flatten the Curve. #18. The current cold war between China and America explained. And how China was behind the 2008 Wall Street financial Crash. World War 3 is coming.
China, the USA, and the Afghanistan war are linked. And in order to get here, we will start there. 9-11 happened. Most of the planet mistakenly understood terrorists had struck a blow against Freedom and Capitalism and Democracy. It was time to invade Afghanistan. Yet all of the terrorists were linked to Saudi Arabia and not Afghanistan, that didn't make sense either. Yet they invaded to find Bin Laden, an ex CIA asset against the Soviet Union and it's subjugation of Afghanistan. The land in the middle of nowhere in relation to North America and the West. It was barren. A backwater without any strategic importance or natural resources. Or was there? The survey for rare earth elements was only made possible by the 2001 U.S. invasion, with work beginning in 2004. Mirzad says the Russians had already done significant surveying work during their military occupation of the country in the 1980s. Mirzad also toes the line for U.S. corporations, arguing, “The Afghan government should not touch the mining business. We have to give enough information to potential investors.” Rare Earth Elements. The elements that make the information age possible. People could understand the First Gulf War and the Geopolitical importance of oil. That was easy, but it still didn't sound morally just to have a war for oil. It was too imperialist and so they fell in line and supported a war for Kuwaiti freedom instead, despite the obvious and public manipulation at the UN by Nayirah. This is some of her testimony to the Human Rights Council. While I was there, I saw the Iraqi soldiers come into the hospital with guns. They took the babies out of the incubators, took the incubators and left the children to die on the cold floor. It was horrifying. I could not help but think of my nephew who was born premature and might have died that day as well. After I left the hospital, some of my friends and I distributed flyers condemning the Iraqi invasion until we were warned we might be killed if the Iraqis saw us. The Iraqis have destroyed everything in Kuwait. They stripped the supermarkets of food, the pharmacies of medicine, the factories of medical supplies, ransacked their houses and tortured neighbors and friends. There was only one problem. She was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government (fun fact, Hill & Knowlton also have extensive ties with Bill Gates). So the public was aghast at her testimony and supported the war against the mainly Soviet backed, but also American supported and Soviet backed Saddam Hussein, in his war against Iran, after the Iranians refused to Ally with American interests after the Islamic Revolution. But that was oil, this was Rare Earth Elements. There was a reason the war was called, Operation Enduring Freedom. This natural resource was far more important in the long run. You couldn't have a security surveillance apparatus without it. And what was supposed to be a war on terror was in actuality a territorial occupation for resources. Sleeping Dragon China is next, and where there's smoke, there's fire. Let's go point form for clarity. • China entered the rare earth market in the mid-1980s, at a time when the US was the major producer. But China soon caught up and became the production leader for rare earths. Its heavily state-supported strategy was aimed at dominating the global rare earth industry. • 1989 Beijing’s Tiananmen Square spring. The U.S. government suspends military sales to Beijing and freezes relations. • 1997. Clinton secures the release of Wei and Tiananmen Square protester Wang Dan. Beijing deports both dissidents to the United States. (If you don't understand these two were CIA assets working in China, you need to accept that not everything will be published. America wouldn't care about two political activists, but why would care about two intelligence operatives). • March 1996. Taiwan’s First Free Presidential Vote. • May 1999. America "accidently" bombs the Belgrade Chinese Embassy. • 2002 Price competitiveness was hard for the USA to achieve due to low to non-existent Chinese environmental standards; as a result, the US finally stopped its rare earth production. • October 2000. U.S. President Bill Clinton signs the U.S.-China Relations Act. China's take over of the market share in rare earth elements starts to increase. • October 2001. Afghanistan war Enduring Freedom started to secure rare earth elements (Haven't you ever wondered how they could mobilize and invade so quickly? The military was already prepared). • 2005. China establishes a monopoly on global production by keeping mineral prices low and then panics markets by introducing export quotas to raise prices by limiting supply. • Rare Earth Elements. Prices go into the stratosphere (for example, dysprosium prices do a bitcoin, rocketing from $118/kg to $2,262/kg between 2008 and 2011). • In a September 2005. Deputy Secretary of State Robert B. Zoellick initiates a strategic dialogue with China. This was presented as dialog to acknowledge China's emergence as a Superpower (which China probably insisted on), but it was about rare earth elements market price. • October 2006. China allows North Korea to conduct its first nuclear test, China serves as a mediator to bring Pyongyang back to the negotiating table with the USA. • September 2006. American housing prices start to fall. (At some point after this, secret negotiations must have become increasingly hostile). • March 2007. China Increases Military Spending. U.S. Vice President Dick Cheney says China’s military buildup is “not consistent” with the country’s stated goal of a “peaceful rise.” • Mid-2005 and mid-2006. China bought between $100b and $250 billion of US housing debt between mid-2005 and mid-2006. This debt was bought using the same financial instruments that caused the financial collapse. • 2006. Housing prices started to fall for the first time in decades. • Mid-2006 and mid-2007. China likely added another $390b to its reserves. "At the same time, if China stopped buying -- especially now, when the private market is clogged up -- US financial markets would really seize up." Council on Foreign Relations-2007 August • February 27, 2007. Stock markets in China and the U.S. fell by the most since 2003. Investors leave the money market and flock to Government backed Treasury Bills. I've never seen it like this before,'' said Jim Galluzzo, who began trading short-maturity Treasuries 20 years ago and now trades bills at RBS Greenwich Capital in Greenwich, Connecticut.Bills right now are trading like dot-coms.'' We had clients asking to be pulled out of money market funds and wanting to get into Treasuries,'' said Henley Smith, fixed-income manager in New York at Castleton Partners, which oversees about $150 million in bonds.People are buying T-bills because you know exactly what's in it.'' • February 13, 2008. The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. The total cost of this bill was projected at $152 billion for 2008. A December 2009 study found that only about one-third of the tax rebate was spent, providing only a modest amount of stimulus. • September 2008. China Becomes Largest U.S. Foreign Creditor at 600 billion dollars. • 2010. China’s market power peaked in when it reached a market share of around 97% of all rare earth mineral production. Outside of China, there were almost no other producers left. Outside of China, the US is the second largest consumer of rare earths in the world behind Japan. About 60% of US rare earth imports are used as catalysts for petroleum refining, making it the country’s major consumer of rare earths. The US military also depends on rare earths. Many of the most advanced US weapon systems, including smart bombs, unmanned drones, cruise missiles, laser targeting, radar systems and the Joint Strike Fighter programme rely on rare earths. Against this background, the US Department of Defense (DoD) stated that “reliable access to the necessary material is a bedrock requirement for DOD” • 2010. A trade dispute arose when the Chinese government reduced its export quotas by 40% in 2010, sending the rare earths prices in the markets outside China soaring. The government argued that the quotas were necessary to protect the environment. • August 2010. China Becomes World’s Second-Largest Economy. • November 2011. U.S. Secretary of State Hillary Clinton outlines a U.S. “pivot” to Asia. Clinton’s call for “increased investment—diplomatic, economic, strategic, and otherwise—in the Asia-Pacific region” is seen as a move to counter China’s growing clout. • December 2011. U.S. President Barack Obama announces the United States and eight other nations have reached an agreement on the Trans-Pacific Partnership later announces plans to deploy 2,500 marines in Australia, prompting criticism from Beijing. • November 2012. China’s New Leadership. Xi Jinping replaces Hu Jintao as president, Communist Party general secretary, and chairman of the Central Military Commission. Xi delivers a series of speeches on the “rejuvenation” of China. • June 2013. U.S. President Barack Obama hosts Chinese President Xi Jinping for a “shirt-sleeves summit” • May 19, 2014. A U.S. court indicts five Chinese hackers, allegedly with ties to China’s People’s Liberation Army, on charges of stealing trade technology from U.S. companies. • November 12, 2014. Joint Climate Announcement. Barack Obama and Chinese President Xi Jinping issue a joint statement on climate change, pledging to reduce carbon emissions. (which very conveniently allows the quotas to fall and save pride for Xi). • 2015. China drops the export quotas because in 2014, the WTO ruled against China. • May 30, 2015 U.S. Warns China Over South China Sea. (China is trying to expand it's buffer zone to build a defense for the coming war). • January 2016. The government to abolish the one-child policy, now allowing all families to have two children. • February 9, 2017. Trump Affirms One China Policy After Raising Doubts. • April 6 – 7, 2017. Trump Hosts Xi at Mar-a-Lago. Beijing and Washington to expand trade of products and services like beef, poultry, and electronic payments, though the countries do not address more contentious trade issues including aluminum, car parts, and steel. • November 2017. President Xi meets with President Trump in another high profile summit. • March 22, 2018. Trump Tariffs Target China. The White House alleges Chinese theft of U.S. technology and intellectual property. Coming on the heels of tariffs on steel and aluminum imports, the measures target goods including clothing, shoes, and electronics and restrict some Chinese investment in the United States. • July 6, 2018 U.S.-China Trade War Escalates. • September 2018. Modifications led to the exclusion of rare earths from the final list of products and they consequently were not subject to import tariffs imposed by the US government in September 2018. • October 4, 2018. Pence Speech Signals Hard-Line Approach. He condemns what he calls growing Chinese military aggression, especially in the South China Sea, criticizes increased censorship and religious persecution by the Chinese government, and accuses China of stealing American intellectual property and interfering in U.S. elections. • December 1, 2018. Canada Arrests Huawei Executive. • March 6, 2019. Huawei Sues the United States. • March 27 2019. India and the US signed an agreement to "strengthen bilateral security and civil nuclear cooperation" including the construction of six American nuclear reactors in India • May 10, 2019. Trade War Intensifies. • August 5, 2019. U.S. Labels China a Currency Manipulator. • November 27, 2019. Trump Signs Bill Supporting Hong Kong Protesters. Chinese officials condemn the move, impose sanctions on several U.S.-based organizations, and suspend U.S. warship visits to Hong Kong. • January 15, 2020. ‘Phase One’ Trade Deal Signed. But the agreement maintains most tariffs and does not mention the Chinese government’s extensive subsidies. Days before the signing, the United States dropped its designation of China as a currency manipulator. • January 31, 2020. Tensions Soar Amid Coronavirus Pandemic. • March 18, 2020. China Expels American Journalists. The Chinese government announces it will expel at least thirteen journalists from three U.S. newspapers—the New York Times, Wall Street Journal, and Washington Post—whose press credentials are set to expire in 2020. Beijing also demands that those outlets, as well as TIME and Voice of America, share information with the government about their operations in China. The Chinese Foreign Ministry says the moves are in response to the U.S. government’s decision earlier in the year to limit the number of Chinese journalists from five state-run media outlets in the United States to 100, down from 160, and designate those outlets as foreign missions. And here we are. You may have noticed the Rare Earth Elements and the inclusion of Environmental Standards. Yes these are key to understanding the Geopolitical reality and importance of these events. There's a reason the one child policy stopped. Troop additions. I believe our current political reality started at Tiananmen square. The protests were an American sponsored attempt at regime change after the failure to convince them to leave totalitarian communism and join a greater political framework. Do I have proof? Yes. China, as far as I'm concerned, was responsible for the 2008 economic crisis. The Rare Earth Elements were an attempt to weaken the States and strengthen themselves simultaneously. This stranglehold either forced America to trade with China, or the trade was an American Trojan horse to eventually collapse their economy and cause a revolution after Tiananmen Square failed. Does my second proposal sound far fetched? Didn't the economy just shut down in response to the epidemic? Aren't both sides blaming the other? At this POINT, the epidemic seems to be overstated doesn’t it? Don't the casualties tend to the elder demographic and those already weakened by a primary disease? Exactly the kinds who wouldn't fight in a war. Does this change some of my views on the possibility of upcoming catastrophes and reasons for certain events? No. This is Chess, and there are obvious moves in chess, hidden moves in chess, but the best moves involve peices which can be utilized in different ways if the board calls for it. Is all what it seems? No. I definitely changed a few previously held beliefs prior to today, and I would caution you in advance that you will find some previously held convictions challenged. After uncovering what I did today, I would also strongly suggest reading information cautiously. This is all merely a culmination of ending the cold war, and once I have events laid out, you will see it as well. At this moment, the end analysis is a war will start in the near future. This will be mainly for a few reasons, preemptive resource control for water and crops, population reduction can be achieved since we have too many people, not enough jobs, and upcoming resource scarcity. Did you notice my omission of rare earth elements? This is because of Afghanistan. I would wager China or Russia is somehow supporting the continued resistance through Iran. But events are now accelerating with China because the western collation has already begun to build up their mines and start production. Do you remember when Trump made a "joke" about buying Greenland? Yeah. It turns out that Greenland has one of the largest rare earth mineral deposits on the planet. Take care. Be safe. Stay aware and be prepared. This message not brought to you by the Bill and Melinda Gates Foundation, Microsoft, Google, Facebook, Elon Musk, Blackrock, Vangaurd, the Rockefeller Foundation, Rand Corporation, DARPA, Rothschilds, Agenda 21, Agenda 30, and ID 2020.
The Bitcoin Conspiracy (an enthusiast's perspective)
I keep coming across comments, especially in this sub, from people claiming that Bitcoin was created by the CIA or some government agency as part of the plan for the NWO and cashless society. I want to share my experience and try to clear up the confusion surrounding this topic. I first got involved with Bitcoin in late 2016 when I heard about it and got some while at a libertarian festival. Back then it was still very popular among the agorist community and was being promoted as THE silver bullet that was going to disrupt the global fiat banking system. Putting preconceptions aside, a new user might ask, "what's so special about Bitcoin? We already have digital currencies." Well, you only need to read the first page of the whitepaper to discover what the original intent of Bitcoin was. It most definitely was not intended to be a tool for central banks to subjugate the world to a centralized global currency. Quite the opposite in fact. Read the full whitepaper here. When I first learned about Bitcoin, it forced me to learn about economics, then the Federal Reserve, then one by one the dominoes fell and down the conspiracy rabbit hole I went. In 2017 (actually it started a few years earlier, but I wasn't paying attention back then) there was a very heated debate in the Bitcoin community regarding scaling. I'll try to break it down simply: In the very early days, when Bitcoin was just a project being worked on by a few very technical people, no one knew about it. All it took was a handful of people running the software on their laptops to mine new coins. Since there was not much computing power on the network, it meant there could easily be a spam attack where a malicious user could join the network and generate many gigabytes of spam transactions that would overload and crash the network. To prevent this, Satoshi implemented a limit of 1MB per block, to protect the network until there was enough computing power to be able to handle larger blocks. This measure worked, and Bitcoin grew exponentially. Satoshi vanished in 2010, after WikiLeaks attracted unwanted attention to the project by accepting Bitcoin donations. He left clear instructions for his successors that the 1MB block size limit was meant to be increased once the network could support high levels of user traffic. At the time, there still was not much use, so it wasn't until around 2014 that blocks started hitting the 1MB cap and all of a sudden users had to compete (by paying higher transaction fees) in order to get their transaction mined into the next block. Up until then, sending a Bitcoin transaction would cost $0.0001 (hundredth of a penny) or less, no matter if you were sending $0.10 or $1,000,000. Now, since block space was limited, fees started to rise, as miners would only include the transactions with the highest fees. Over the next couple years, transaction fees went up dramatically, at times reaching as high as $100 to send a single transaction. The solution was obvious - raise the block size limit. But this led to a heated debate, and this is where the conspiracy became obvious to those who were paying attention. Since Bitcoin was decentralized and open source, anyone could contribute, but certain people controlled the commit access to the github repo, and it became apparent that those individuals had been compromised, as any and all mention of increasing the block size was met with fierce resistance. There was a misinformation campaign to discredit anyone arguing for larger blocks. The argument was that larger blocks would mean users could not run the software on their low-power personal devices and laptops; that by increasing the block size it would lead to mining centralization. Well, if you read the whitepaper linked above, you'll see that Satoshi predicted this. He knew mining would eventually be left to "specialized server farms" while normal users could use what he termed Simplified Payment Verification (SPV) wallets. But this point was consistently shot down in the community, and especially on /bitcoin. There was a MASSIVE censorship campaign in the bitcoin subreddit that continues to this day where anyone who questions the official narrative or even asks a basic technical question is immediately banned. /bitcoin today is nothing but a cesspit of price memes and misinformation. Go to /btc for the uncensored discussions (but beware of trolls). In 2017 the debate was finally settled, sort of. Now known as "Bitcoin Core" (the name of the official Bitcoin software), the developers implemented a change known as SegWit (Segregated Witness) which fundamentally altered the way the software validates transactions. It was implemented as a "soft fork" rather than a "hard fork". I'll explain the difference. In a fork, the network comes to a consensus on new rules that all participants must follow. In a hard fork, the changes are non-backwards compatible, so all users must update their software or else be left behind on a dead network. Hard forks happen all the time in software development, but in the case of SegWit, the developers refused to make any non-backwards compatible changes for fear it might alienate users. Again, another unfounded fear. "We can't ever upgrade the technical capabilities of the network (such as the block size) because some people might not go along with it." All kinds of mental gymnastics were performed to justify their refusal to increase the block size, and there was nothing anyone could do about it except fork as an independent project. The 1MB block limit is now essentially set in stone for BTC. So in August 2017, Bitcoin Cash (BCH) hard forked by increasing the block size limit to 8MB, along with some other changes. Fast forward to December 2017 and Bitcoin was at its all time high of nearly $20,000. But fees were also astronomical and because of the 1MB block size limit, a huge backlog formed, and some people had to wait days or even weeks for their transaction to confirm. If anyone was trying to cash out into fiat and didn't want to pay a $100 transaction fee, by the time their transaction got confirmed the price had already crashed. This event was largely responsible for the bear market of 2018. Everything that happened was predicted by those who knew what was going on. A company called Blockstream had essentially wrestled control of Bitcoin from the original developers and shut them out or gained control over them, and started working on turning Bitcoin into a settlement layer for their product called Lightning Network. LN is a complicated topic that I don't want to get into, but essentially it's a framework that recreates all the same problems inherent in the banking system that Bitcoin was meant to solve. Blockstream's goal is to profit from creating, and then "solving" those problems by charging users fees for all kinds of custodial services. In my personal opinion, it's obvious that the original Bitcoin project has been hijacked and repurposed into a tool for the central banks. The propaganda is being pushed in some conspiracy circles that Bitcoin was created BY the central banks in order to discourage people from researching the true history. What is now commonly called "Bitcoin" is not the original project, but a Trojan horse. The project that most closely follows the original design is Bitcoin Cash, and that is where almost all organic development is happening, and personally I feel that it's picking up steam lately as more people wake up to what's happening in the economy right now. Unfortunately most people are still unaware of how fundamentally broken BTC is now and so as new users run toward cryptocurrency to escape the dollar collapse, most will fall straight into the trap and be stuck with BTC that they won't be able to use without paying exorbitant fees and/or submitting to the very same tracking system they are trying to get away from. This is a very deep rabbit hole but I think I've written enough for now. I hope this info helps people make sense of what's going on with Bitcoin. I know it's confusing enough even without so much deception taking place so hopefully this helps. Read the Bitcoin FAQ over on /btc.
I was doing a double take to look at the fees on coinbase and I realized it is by far the highest in the industry. Even my backwater offshore forex sites that charge a 22% spread which I thought was criminal are half as much as coinbase. .22% vs .50% on coinbase. I just saw even more bad news. Apparently the holding company for ledgerX the exchange did a hostile take over and put the CEOs on administrative leave. I find it extremely fishy that the only non legacy wallstreet derivative exchange that is regulated in the united states has repeatedly had huge set backs and drama, it strikes me as though there is a concerted effort by the likes of Baakt, Fidelity, and CME to engage in monopolistic behavior. Then we look at the total shitshow that Bittrex became, and then Poloniex boots Americans completely, Binance is forced into making a US division which they give executive powers to a ripple wallstreet CEO. Local Bitcoins is shut down. Mnuchin on tv making open threats to bitcoiners. ICO bans. Endless IRS bullshit. What blows my mind is that the obvious isn't obvious to the average american crypto user. That the government is making concerted anti free market decisions to absolutely knee cap our options, driving exchanges out of the space and colluding with Brian Armstrong while basically doing everything it humanly can to give the reigns to wallstreet with extreme and I mean EXTREME intermediary custodian bullshit by the likes of fidelity. They refuse to give us regulated high leverage derivative platforms, don't allow retail to even fucking use CME or Baakt. Honestly the only good regulated platform left is Kraken. If they take Kraken I'm just hodling and resorting to legacy finance where I can at least trade crude oil in fucking peace. The point of the story, is that Andreas Antonopolis is right about everything. We need an interchain, we need full DeFi unseizable DEX ecosystems with no FUCKING EXCHANGE NO FUCKING EXCHANGE REGULATED BY THE USA NO NO NO. We need defi everything. I saw a guy in china working on building a DEX version of bitmex, I say good riddance, DEX everything, until there's nothing left to DEX. Host it all on IFPS. You sheeple really gotta wake up and stop letting the boomers regulate us into poverty, the regulatory situation in the united states is disgraceful. They are trying to make bitcoin not bitcoin. If you give them an inch they will take a mile. We need the #interchain with the likes of plasma and cosmos, and raden, and so forth. These son of a bitches keep talking about intermediaries. and custodian this, and everything about goddamn walstreet, Take a look around, look at cash app, coinbase, bitterex, poloniex, gemini, the options for US citizen are a steaming pile of horse shit. We can't settle for this.
So, here's everything that happened so far on stream
It's been a very long stream so far and I'm kind of tired so please forgive me if I made mistakes. I'll try to update this as new things happen. Feel free to tell me if I missed anything or if I got something wrong.
PK walks in, gets something from below flag and puts it near the ammo boxes, walks out and brings in an rpg, a modded ak, and hangs something above the gunrack. Proceeds to sit down at laptop. After a while he puts on his sunglasses and leaves
PK is contacted on the radio. He gets up, gears up and cleans the table of clutter. A soldier with a black mask walks in (i am asuming it's one of his guards). They talk, PK investigates his surroundings a bit, then screws in a lightbulb and leaves with the guard.
PK walks in with an ammo box and places it in the right side of the screen on top of the other. Gathers his bed and puts up a fan to blow on the UN flag, then leaves to bring in another two ammo boxes, one at a time.
PK walks in with the bottom half of a lava lamp. Sits down at the laptop. Brings out an m4 from behind the camera and proceeds to check its barrel. After looking at the laptop for a while he puts the m4 back together and hangs it on the wall near the top of the UN flag. Talks on the radio, then puts two radios in front of each other on the table and goes off camera. Places on of the radios back near the wall, puts away the lava lamp part and leaves.
PK walks in notices the board, sits down and talks on the radio. After a while a guard walks in with a PMC. PK seems to be friendly with him. Asks him to pull up a chair. Offers him some alcohol but the PMC refuses. They discuss for a while, PK offers him some money. They seem to be negotiating. PMC takes the money and gives PK a paper which PK puts on the board upside down. It sais EZPRM upside down. PMC leaves, PK gets back on his laptop. Nothing notewhorty happens until the next timestamp.
A guard brings him some documents. PK examins them and puts a QR code up on the board. If scanned it reveals the second part of the code: CDEFT. The two codes put together, EZPRMCDEFT, if entered on EFT profile page activated a gift ingame with a FAL an M4 and some gear(it expired after a few minutes). PK continues eating.
He takes down the codes from the board and puts up a map of interchange in their place. Takes out a white object and examines it. It's toilet paper and he goes off camera, presumably to take a well deserved shit.
PK walks in with a cup and two helmets. One has nightvision attached, which he hangs on the wall. Puts the other one on the green crate. He brings out an AS VAL from off camera and proceeds to examine it. He then attaches a scope to it and replaces the m4 on the wall with the VAL. He then keeps wasting time on the phone.
PK comes back, shortly after a guard tells him he has visitors. A PMC walks in, they seem to be friends. PK pulls up a chair for him. PMC seems hurt. He puts his two guns on the table, one seems to be either a kedr or an mp9 and the other an aku. PMC gives him some loot(GPU, pistol case, and the top half of the lava lamp). PK pays him and pours him a cup of alcohol. They then discuss some documents and PMC proceeds to leave. A guard helps him out. PK gets out the bottom of the lava lamp and puts it together and places it in front of the interchange map. He seems really proud of it and takes a picture with his phone. After a few minutes a guard walks in, he seems really impressed by the lamp, then walks out. PK leaves after a few minutes.
The lights in the room start flickering. Soon PK walks in and starts scanning for something in the room. He seems to notice something off near the camera. But he doesnt quite notice it. The lights go out and he gets a flashlight out. An ARRS overlay comes up for a few mintues. Stream comes back to PK talking on the radio facing the camera. On of the guards suprises him while coming in. He seems mortally wounded and proceeds to sit down on the floor and pass out. Looks like he's dead. Another guard comes in and helps PK carry out the body. PK comes back shortly and looks around. He finds the cause of the blackout behind the table and fixes it. We get lights back. He gathers the dead guards gun from the floor. The other guard comes in and he seems upset about his dead friend. He tries taking one of PK's AKs from the gunrack to go and avenge his friend presumably. PK talks him out of it, and the guard leaves. PK gears up with the VAL and leaves.
PK comes in together with a guard. Places his VAL back on the table. Guard hands him an SVD and puts a silenced AK into the gunrack. They seem to share a moment for the dead guard with some alcohol and some chocolate. Guard leaves, PK gets out the SVD and displays it on the table. He leaves shortly after fucking around with his stash.
A PMC and a scav walk in. PMC throws the scav out and brings a chair. They negotiate for a while and PK shows him some NVGs. The PMC however doesn't like it and wants the one hanging on the wall. He takes it down and tries unhooking it from the helmet but fails. PK hands him a picture of Killa and they discuss it while the PMC counts his money to pay for the helmet and NVG. PMC leaves and PK sits back at his laptop and starts fidgeting with his mags.
PK inspects the GPU and HDD and pistol case that a PMC brought him earlier. The pistol seems to be fucking filthy. He then smacks the ever living shit out of his lava lamp because it refuses to work properly. He starts inspecting documents and fucking with his mags again.
PMC walks in with Killa helmet. It seems to be covered in crap. PK offers him the backpack from the green crate but the PMC doesn't take it. PK and PMC then discuss some documents and PMC leaves. PK puts backpack back in crate, but takes it back out after a while to display it. He then cleans the Killa helmet and displays it proudly on top of the crate. He walks around talking on the radio and leaves after a few minutes.
PK gets woken up by the radio. He seems really frustrated about what they tell him. Few seconds later the Scav walks in with a hatchet. Looks like he killed a hatchling. PK gives him a grenade for it. Scav walks out happy with the grenade but really careless with it. PK gears up and leaves.
PK walks in with the hatchet and the gasmask the previous guy was wearing. He turns the light back on and plays some inventory tetris with the stuff he brought in. He sits down at the laptop again. Puts some optics on his VAL then leaves again.
Scav walks in and brings PK some food. Scav notices the customs map and they discuss it.PK then inspects the food and invites him to sit down and they share a can of tushonka. PK pays him and he leaves.
PMC walks in with a docs case, PK starts examining it. PK opens up the backpack from the table, takes out a smaller backpack from it. PMC offers a few bitcoin for the backpack. PK inspects the bitcoin but gives it back, and shows PMC a picture of a cat statue. He wants the cat for the backpack. PMC gets up and starts looking at PKs gunrack, discussing the price of his guns. The PMC settles on an M4 and pays PK. PK gives him a bag of croutins and a tushonka as bonus. PMC leaves and PK continues examining the docs case.
PK is looking at the documents which seem to be maps of some kind. He chose a dark picture and pinned it up on the board. I can't make out what it shows. He took the toilet paper and went off to shit again.
The Scav came back, brought PK a grenade and looked at the hatchet and a shovel in return. He took the shovel and PK have him a bonus apple. Scav is starting to grow on him. Scav left and after that so did PK.
PK returned, shortly after the PMC came in. Brought a horse and tried to convince PK to accept it instead of the cat statue he asked for. PK gave him a pistol for it and the PMC limped out. PK continues idleing.
Someone dressed like a guard but without a mask comes in to talk to PK. Goes off camera and brings in another person dressed similarly. This person hands a sheet of paper to PK who examines it. The guy takes an AK from the gunrack and poses for PK. He puts the AK back and the two guests practice some takedown moves on eachother while listening to PKs instructions. PK gets out a can of TarCola in the meantime. He seems to be teaching them disarming techniques with pistols, then a knife. The two guys leave for a moment but one of them comes back and recieves some money from PK. PK starts idleing again.
PK came back with a gravely wounded PMC who finally got him the cat statue. As a reward PK shows him a secure container that was in the backpack on the table, that is locked. There seems to be some disagreement between them and the PMC pulls out a grenade. PK threatens him with a pistol and a guard comes in to disarm the PMC.PK convinces the PMC to presumably go find a key for the secure container. After the PMC leaves PK examines the lock on the container and goes back to idleing.
PK came back to his laptop, Scav came in with a propane tank. While PK examines it the scav attempt to steal his cat statue, but PK sees him and he puts it back and leaves. PK left as well after a bit of idleing and came back with the PPSH again, examining and playing with it in front of the camera, then taking a peek inside the gun before putting it down on the gun rack and returning to his laptop. He leaves after a few minutes.
Scav came back with a 1911 pistol. PK examines it and offers the Scav his choice of weapon form the gun rack. The scav picks the PPSH and hugs it. Before leaving PK hands him the rest of his Alyonka as well.
PK plays around with his shiny new 1911 and places his old one on the gun rack.
Ok, guys I need a break now so I won't be updating for a few hours. I'll try to catch up later. Thanks to visionaryBlender for filling in while i'm gone, you can find his contribution here Thanks for the gold kind stranger :)
Friday, 1PM: I leave work early. I have to set up for the gun show early because the only time my mechanic has for the alignment rack for the next week and a half is friday afternoon and I am in need of an alignment to keep my Michelin Defender's in a nice predictable wear pattern. My loadout this weekend includes a whole bunch of the usual stuff, Colts, Sigs, HK's, Glock's a few Springfields and four Daniel Defense rifles and an FN SLP Mk 1. I haul over a few used guns that I just took on trade too, a Tavor 556 LH and a Mossberg 500 that I got for $100 off someone wanting to trade it towards a new Glock 23. Four trips with the hand truck gets everything in before the rain starts. I have reserved two tables but I have enough merchandise to cover three. The exhibitor tells me tables went up so two tables cost me $160 for the weekend and I consider it a small expense to view the express train to hell that is the gun culture. 45 minutes flies by as I set up my table just the way I want it and I get to Lenny's to get my alignment done. He's been doing an alignment for me no charge for the past 3 years after I told him NOT to buy an old Browning shotgun he fell in love with on gunbroker. He wanted to use it for upland hunting, sporting clays, skeet and anything moving through the air killing. It was an old gun that had FIXED barrel chokes - Full and Full. I told him RUN LIKE HELL. He said my advice saved him from a $1500 mistake and the least he can do is keep my car on the road no charge. He gets my car set up on his $80,000 hunter alignment rack and finds my toe in is way out of spec. He spends a few minutes banging around with a wrench and everything is all good. As he's doing that, since I know he won't take my money - I walk to the 7-11 across the street and grab him a tall boy of Rolling Rock. His week is so shitty that he shotguns it faster than Brett Kavanaugh circa 1982. Time to head home. I'm halfway there when the phone rings ring ring FC: Go for FC 1: Hey FC, it's Captain Bob. How's it going? FC: Good! I got your stuff fixed and ready to go on my desk. 1: I can be there in 15 minutes! FC: I'll turn around, see you in 15. Captain Bob is a four stripe left seat pilot for Delta on the triple. We love talking airplanes and guns. He's had me tune up an old 220 he wants to use at a class he's taking at FLETC later this year. Like a good pilot, he believes in a comprehensive pre flight inspection. And since his type rating says B777 and not P220, he wanted someone to make sure he's not taking a dud to class. All I did to it was give it a visual, clean and lube and although it probably didn't need it - it had a 20 year old recoil spring so I installed a new one just as a precaution. I get back to my desk and get his gun ready, cleared and slide locked back as he walks in the door. He just got home from running a 777LR to Johannesburg and back and is very pleased to see his old 220 ready to roll. I take my glasses off and point out he's got a little bit of slide peening in a few spots but just keep it lubricated and it's normal wear and tear since he does not shoot it much. He asks me if I have any 300 blackout ammo, I pull a case of 220gr OTM off the shelf. I tell him $450 on the ammo and the pistol inspection and recoil spring is on the house and he's having none of it. Hands me five crisp hundos and tells me to keep it. Just as I'm tucking the cash into my desk drawer, my door opens up and since I'm not wearing my glasses - I see a blurry silhouette of.....is that wonder woman? HUGE TITS on a small frame. I can't tell what's going on. FC: Hi! Lady: Hey FC, it's Lisa. I was just getting my wedding dress altered next door and wanted to say hi! FC: Oh hey! I'm not wearing my glasses so I have no idea what's happening! Lisa: See you tomorrow! FC: I'l be there! So anyways Bob, that was strange. I am normally not used to having my door flung open by halfway attractive women..... Bob: Neither am I! You should see some of the FA's on the J'burg route! We have a laugh. Some more airplane talk about the old 72's and I tell him about the time I greased it in the box on the A320. Turns out he flew A320's as well as boeings and we revel in the differences in both the airplanes. I really like the Airbus design and their workflow even though Boeing guys love to hate it. He's happy with his 220 and we pull chocks. I head home, throw a ribeye on the grill and go to bed early. I've got a busy day in the morning. Saturday morning I wake up at 7AM and look at my to do list. Shit shower and shave. The gun show closes at 5. Lisa's wedding is at 6. The venue is at the lake 39 minutes from the VFW hall. I have a plan. I will leave STRAIGHT to the venue from the gun show and I'll put on dress clothes below the belt. After all, how often do you look at another man's pants? I throw on an HK black NO COMPROMISE Polo shirt untucked with a black alligator belt and Canali navy slacks with my new Allen Edmonds boulevards in black. Socks by Brumell and boxers by Fruit of the Loom. I walk into the VFW hall with a non iron Lauren white spread collar shirt, Ted Baker tie and Canali jacket slung over my shoulder. Nobody notices the pitter patter sound of leather soles on the concrete as the show starts coming to life. It's 8:55. Lets get this show on the road. The loudspeaker crackles and lets everyone in the hall know the doors are about to open up and asks us to check all our guns for ammo and zip ties. I get my table ready and pull out my 4473's on clipboards and check my pens. FFL in frame is standing up on the table, everything is tagged and tied. There will be no discharge of firearms at my table as a result. 9AM: Show opens. It's dead. Deader than dead. Like, life support dead. Typically there is a line from the entryway of the hall and around the building to get into the show every time. This is not the show of years ago. This summer has been atrocious. I talked to the promoter and lots of vendors did not reserve tables for this and the next show. The numbers are way down. Some people start to trickle in but it's not a good sign. 9:30AM: A fellow walks up and asks me if I have a Sig 226 TACOPS with TB in stock. I don't but vendors do. He drove 2 hours to this show to try and find one since his local place did not have it. They're on contract with sig and refuses to order one from distribution to make him happy and Sig has no idea when they're going to make more out of New Hampshire. Well, thanks to Ron Cohen making 26 SKU's for every single pistol - that's what you get. 9:41AM: Fellow wearing an INFOWARS shirt molests way too much merchandise on my table than I'm comfortable with. I shoot a knowing eye roll to Noah over at the next table. He's a 27 year old jewish gold bullion dealer from Long Island that votes libertarian and laughs at all my jokes. He adjusts his RON PAUL FOR PRESIDENT banner hanging off the edge of his table as I wait for Finger McBangerson here to go away so I can wipe down all my stuff. 10:23AM: Guy walks up to me and he says he's looking for a shotgun for competition. I point him towards the SLP at the end of the table. 10:24AM: Older fellow walks up to me and says he's looking for a gun for his wife as he lifts up a Colt Commander. I tell him that will definitely kill his wife. Guy looking at the SLP cracks up laughing. Older guy looks at me mortified. Then he gets the joke. Asks me about suitability of a steel framed colt commander for her. I say probably not a good first choice. Perhaps you should send her to an NRA basic pistol class. 10:39AM: Guy asks me what's the best I'll do on a Glock 17L. I tell him the tag is already priced more than fair. He asks if he can buy it with cash if he can get a discount. I'm like let me see. I ask him if he's got a state CWL. He says yes. I take off $20. He says it's a deal, hands me a stack of money, current CWL and a California drivers license. FC: Do you have residency in this state? 1: No, I'm here visiting for work FC: And you want me to sell you a gun with a California drivers license and no residency? 1: DUDE! KEEP IT DOWN! Do you have any idea what would happen if people found out I didn't live here? FC: YES I DO! They wouldn't be a party to you breaking the law! I hand him all his shit back and tell him to get on the next flight to Fresno. 12:01 PM: Lunchtime. I pick up my sammich from Jersey mikes and nobody fails to interrupt me to throw money at me. This is not a very good sign. 12:16 PM: I am scarfing down the last of my sandwich as Infowars shirt guy comes back around. We chat a bit about 1911's and he eventually tries to convince me that I need to buy the water filter that Alex Jones is selling to keep us from turning homosexual. I tell him now I'm not gay, but look at these shoes. I pull my left hock up and put a nice shiny new Allen Edmonds boulevard on the table. He seems to recoil in horror. As he walks away, I tell him he didn't even notice that I had them straight laced! They're fabulous! Nobody understands my humor. 12:33 PM: The vendor to the left of me is selling clothing offensive to the left. MAGA hats, anti snowflake shirts, ISIS hunting permit graphic tees, etc. I debate calling one of my guys and having "MAKE 45ACP GREAT AGAIN" hats made up. I call up r_shackleford and he thinks this is genius. We trade witty banter back and forth for a few minutes. 12:49 PM: The vendor in front of me is a gigantic pawn shop with 16 tables. There's a woman trying to sell them a rifle, and not succeeding at all. Sam looks over at me and points and says to her "you know, he buys guns too!" FUCK YOU SAM. FUCK YOU LONG. FUCK YOU HARD. The hambeast approaches and thrusts a rifle in my face. "WE BUILT IT CUSTOM" she says. "I NEED MONEY FOR CHEMO" she says. The barrel says 223 Wylde. The lower says Aero Precision. The price tag says $1500 OBO. I tell her she'd be lucky if she got HALF that in this economy. She complains that they really need the money and her two demon spawn that are traveling with her seem to be tired of her getting the same speech from every vendor in the hall. NO YOUR GODDAMN HOMEBUILT 223 WYLDE AR15 IS NOT WORTH $1500 It's not even worth $750 It's worth MAYBE the same price as a new PSA rifle - $350, $450 tops if you threw in the little girl. Editors note (start voice over here): Hi, I'm Matt Damon. Human trafficking is no laughing matter. For just a small donation of $50 or more, you can fight human trafficking. I prefer that you donate to Rapha House International, a charity dedicated to preventing sex trafficking and providing care and treatment to its victims. If you go to the post in the top of guns and donate, you can even stop shitposters like FirearmConcierge from posting stuff like this for the rest of the month if you donate enough money. This sort of support can only be made possible from viewers like you. Please, donate today. Stop the suffering. For the little girls. For reddit. For America. The lady looks at me like a truck stop rapist and inevitably proclaims that SHE KNOWS WHAT SHE'S GOT. Words fail me. I shake my head as she walks away with her demon spawn and I shoot a look back at sam and mouth very carefully YOU FUCKER back at him. Sam cracks up laughing. 1:12PM: I'm asked if that's a Dead Air Sandman on my table. I say yes. Guy asks to look at it and explains to his friend that it's a DAA Sandman and talks about the mounting system. FC: You know your stuff. 1: Yeah I just bought one. FC: I'm the only DAA dealer around here, you don't look familiar. Who'd you get it from? 1: Silencershop. Used the kiosk at a dealer in another city 1.5 hours away FC: Uh, I stock the sandman and would have made you a deal. Why'd you do go through them if you don't mind my asking? 1: Well it was a timesaver. FC: How's that? I mean that place I know is an hour and a half away without traffic, so you made a trip there to do your stuff - then back. That's 3 hours. Then another 3 hours after your stamps clear - so that's 6 hours in a car total. I can call the PD, make an appointment for you to roll your prints and you're done in 15 minutes. Photos at CVS are another 15 minutes. How is 6 hours a timesaver instead of 30 minutes? 1: Well I just knew that if I had to make more than one stop I'd never do it, so it was spend 6 hours in a car and get it done in one shot or spend 15 minutes doing fingerprints or photos and being too lazy to do the other one and never sending in the paperwork. So this was the better choice for me. FC: Uh. Okay? 1: Why don't you have a kiosk? FC: I'm not paying $9000 for something that's going to save you time and cost me money and then have to deal with being tech support and having a device in my place of business that compresses my own margins. We're down to making $50 on a can from making $350. This isn't a position I'm interested in taking. 1: Well, sucks to be you. I'm buying all my cans from silencershop now! FC: Enjoy your 6 hour drive. 1:30 PM: Man walks up with an old stainless combat commander colt. Series 70. No original box and sights. Looks well used. Thinks I’m crazy when I say I won’t give him $1000 on trade. 1:39 PM: Guy comes back. Guy wants me to put a can on his 1917 eddystone that is not threaded. He asks what he can get for $150 1:45 PM: Lady picks up a Trijicon RMR and asks to turn it on. I shove a battery in it and turn it on. 1: This is a laser sight right? FC: This is an RMR from Trijicon and RMR stands for Ruggedized Miniature Reflex sight - it uses a laser of sorts and projects it onto this lens here.... 1: THIS COSTS $500? AND IT DOES NOT EVEN PUT IT ON THE TARGET? FC: Well if you just look through the lens here you can see the red dot projected onto the glass..... 1: I CAN BUY A $30 LASER POINTER AND DUCT TAPE IT TO MY GUN AND I'D BE $470 CHEAPER AND IT WOULD PUT THE LASER ON THE BAD GUY! WHAT IS THIS GARBAGE YOU'RE TRYING TO SELL? She walks away. My mouth is agape. 2:15PM: Old guy walks up and points at a Glock 34 I have on the table. MY FRIEND BOUGHT A GLOCK IN 89 WITH NYPD AND SHOT HIMSELF HOLSTERING IT. I DONT TRUST THE DAMN THINGS and shuffles away without me having time for a rebuttal 2:21PM: Someone walks up asking me if I want to buy a used les Baer Comanche. I tell him I buy when I can make money. I look at it. It’s clean. He wants $1600. Street is about $1600, that's all the money. Street the gun sells for about $1799 NEW, which means I can buy it for less than $1600 new. I tell him this. He looks at me like Elizabeth Warren looks at Brett Kavanaugh and shuffles away. I shake my head as I notice a familiar face walk up. I can't place it. He looks at some guns. 2:25PM: I'm asked if I have a card from the familiar stranger. I reach down into my wallet and fish one out, I hand it to him and he smiles at me. It finally clicks. FC: Dr Livingstone, I presume. Doc: I haven't seen you in years, how have you been? (The doc is FC's old therapist. He can't say hi to me walking around due to HIPAA but if I open a dialogue, it's okay) FC: Eh, same old shit different day. I uh made some mistakes a few weeks ago and I thought of you. Doc: Oh really? How so. FC: Well uh. You remember that day when I told you to go back to the Office of the Bursar at UCLA and ask for a refund on your $125,000 post graduate education because it was nothing but academic detritus? Doc: Well, I hadn't thought about it for a few years but it sounds like something you would say. FC: It was right after you told me that I used 3 different quotes from 3 different academics in a span of less than 5 minutes to answer your question. You said that I intellectualize as a defense because I don't like getting close to people. I said you're full of shit. You asked me do I even know what intellectualize means? I said of course I know what it means, what do you think I'm some kind of idiot? Then you sat there grinning like a Cheshire cat at the thought of making me eat my own words. Doc: Haha. Now, that sounds familiar. I remember that. FC: Well I don't know how many patients are willing to say it but you were right and I was wrong. Doc: I don't get much pleasure in hearing that, but did you learn anything about yourself? FC: It took a few years to realize you may have been right all along but yeah. Doc: Then what does it matter who's right or wrong as long as you learned something? FC: Hmm. That's not bad. How's business? Doc: Full appointment book and not taking new patients. FC: I guess you could say it's........a little crazy? Doc: I missed your humor. Tell me about this Glock 45... I show him a few different guns and crack jokes about disgruntled patients. He says he'll think about arming himself what with crime and mentally unstable people being growth sectors in this post-trump apocalyptic nightmare. I tell him to be fore warned is to be fore armed. He seems reticent, but I can only lead the horse to water. I can't make him drink. 2:51PM: Fellow walks up. 1: I need a colt ladysmith. Do you have one? FC: the colt or the ladysmith? 1: The colt ladysmith FC: is it a colt or a smith? 1: smith FC: which model? 1: the ladysmith! FC: I know but I need to know what model. They put that on a bunch of different guns 1: it’s the one with writing on the side of the gun. It says. LADY SMITH on it. You know the one I realize the strongest case for repealing the second amendment is spending a day talking to people at the gun show. 3PM: Two hours left to go! The end is in sight! I haven't sold a single fucking gun yet! 3:02 PM: Man walks up. Hey do you have the new Sig 925? FC: You mean 365? 1: No the 925 FC: Sig does not make a 925 1: Yes they do, it's the new one. FC: The 365? 1: No! The 925! FC: Can you show me a picture? 1: It's the one on the magazine. FC: Most of sigs guns have magazines. 1: I mean the one in print. It's on the cover. FC: The cover of the periodical you mean? 1: Yeah! You know the new one! FC: Well if it's on the cover, it should be easy to find on google. Can you show me a picture? 1: There's nothing coming up on google for the Sig 925 FC: Maybe perhaps its because it's the sig 365? 1: I'm telling you it's not that. It's the new one they just came out with. It's the 925. FC: Care to make a wager? 1: No. FC: If you bring me a photo I can try to narrow it down. 1: I'll find the magazine at home and bring it in tomorrow. FC: Periodical. 1: Whatever. 3:11: https://www.youtube.com/watch?v=SUFSB2plwzM 3:12: Numismatist neighbor Noah asks me a question Noah: Hey! What's a hi point? FC: A cry for help! (everyone laughs) Noah: No I mean price wise? FC: Like $100, they're garbage guns. Me and Noah start talking. I am moving more and more libertarian every day. He's the treasurer of his local LP chapter in Suffolk county. For a jewish kid from Riverhead, we sure have a lot in common. We get into an animated debate on the virtues of Kelo v New London in that it was a shitty position for the town of New London to take Susette Kelo's house for redevelopment under eminent domain. If they wanted to redevelop it, for the government to use eminent domain is a government run amok. As a libertarian, he hates government overreaching - as someone who also hates that sort of thing, we are in very vocal agreeance. The tshirt vendor is listening to us debate the merits of the case and how the SCOTUS created a TERRIBLE precedent regarding government using the takings clause and when we finish he asks us a question. TShirtGuy: How the fuck do you two know so much about a supreme court case? Noah: Well, when you went to college and you're an economics and pre law major.... FC: Let me make it simple. WE ARE NERDS! Everyone has a laugh. TShirtGuy: Speaking of funny, check this out! He holds up a shirt. It says in big print on the front: the the reason gun shows exist is so women can know what it’s like for when they drag men to the mall I chuckle. 3:13 PM: I get in an argument with the republican candidate for office of something or other on gun laws. He is stupid and he is going to lose. 3:23 PM: A nice lady walks up. She looks familiar. She looks at some guns and feels up a 226 and remarks how well she likes how it handles. FC: You're Bernice, aren't you? Bernice: Why yes I am! You do not look familiar. How do I know you? FC: You're still working at the courthouse right? Bernice: That's right! FC: Judge Snyder, right? Bernice: No! He moved up to the appellate circuit last month it's... FC: Judge Reinhold! That's right, one of his JA's called me to buy a gun last month. I forgot Christine told me, you're right. Bernice: Holy crap, you have an incredible memory. When was the last time you were in front of Judge Snyder? FC: Four years ago. I was the one that filed the motion citing the big lebowski. Bernice: OH MY GOD THAT WAS YOU? I remember that! FC: Yeah and I had to go dumpster diving to get my phone back. Shit, was that really 4 years ago? Fuck. We talk more about guns and stuff. She loves her old West German 226. I tell her that if she really wants to have some fun, she should ask Judge Snyder to tag along on his next range day. About two years ago, the judge called me up asking for some advice. He's Tet offensive era USMC and wanted a new toy to reach out and touch someone and was dead set on getting a new SR25. I talked him out of it because SR25's are stupid expensive. I knew of another dealer that had a T&E 20" SR25 that they were looking to unload cheap and I told him that with the amount of money he'd save going to the T&E gun versus the new one - the delta would more than cover a Nightforce NXS, rings and mounting and that would save him money and be a good performer. I'm friends with his daughter on facebook and they both looked like they had a lot of fun ringing the gong at the gun club. Bernice is impressed. Too bad she's not my type, we'd get along fantastically if I was 15 years older. 4 PM: 60 minutes left to this shit show. 4:04PM: The loudspeaker crackles. ATTENTION ATTENTION: BRETT KAVANAUGH HAS JUST BEEN CONFIRMED TO THE SUPREME COURT. The proletariat rejoices and hooting and hollering typically reserved for the LSU game breaks out in the hall. ALSO WILL THE RED JEEP PARKED IN THE FIRE LANE PLEASE MOVE - YOU ARE BLOCKING THE BBQ GUY FROM LEAVING. RED JEEP. MOVE OR YOU WILL BE TOWED. 4:11 PM: Guy walks up in civvies. 1: I wanna buy this but I’m not a state resident FC: well what’s your deal? Give me some more to work with. 1: I’m from Texas but I’m in the military FC: if you got your orders - PCS to any base in this state says you’re a state resident, but if you don't - I can't help you. I know a lot of guys don't travel around with their orders.... JUST AS I SAY THAT the guy pulls out a wad of hundreds out of his pocket and his PCS paperwork, signed, rubber stamped and billeted. THIS HAS NEVER HAPPENED BEFORE. I give him the clipboard as I look at his paperwork. No blank spaces, approved change of station to Barksdale AFB, address reads base housing, everything is in order for the young airman. HOLY FUCKING SHIT. THIS IS AMAZING. Forms done correct on the first swing. I AM WAITING FOR THE OTHER SHOE TO DROP. I call in the transaction and they tell me that the national system is down. NO IDEA WHEN IT'S GOING TO BE BACK UP. I tell the USAF that the system is down and we can't do anything. He takes my card and hands me money and says just call him when it's ready to be picked up. Huh. Okay, he's cool with that. His girlfriend lives over here so he's back here every weekend. Done! I mark up the paperwork with some notes. 4:23 PM: One guy just walked up and told me that he had no idea HK made rifles. Apparently made a bunch of rifles a few years ago and stamped glocks name on them for Glock. Since Glock can't be found out to be making rifles. This captures the attention of another guy who asks me if my Glocks on the table have fluted firing pins. I tell him they do not make fluted firing pins. That makes no sense. He says yes they do make sense. They're fluted so they shoot underwater. 4:28 PM: Noah's table has someone in front of it debating buying some gold. As they delve into the discussion of gold and FIAT currency, I hear the following. 1: Bitcoin is a webpage. It’s like buying stock. Bitcoin issues shares and it dilutes so the price goes down. Noah: I don't think that's how it works. 1: You’re basically buying a part of a big webpage FC: This is like listening to someone try to explain that pi is exactly 3. Noah: What's wrong with you? FC: I am the Anthony Bourdain of the gun world. I eat, I drink and I yell at idiots. 4:45 PM It's getting close to show close, I need to get ready for the wedding. I grab my Lauren shirt that thankfully is non iron and just dressy enough to work and just casual enough to be worn without a tie if you need to and whip off my HK polo. I put on the shirt and tuck it in as I notice a lovely couple walk up out of the corner of my eye. Its Jim and Jane, Jane is a pharmacist that works at the hospital and Jim is a Gastroenterology resident at the hospital too. They buy lots of guns from me. I finish tucking in my shirt as we talk shop. Jim wants 6 cans, 3 handgun and 3 rifle and wants to know what his options are. I rattle off all the options I would look at and I write some down on a legal pad for Jane to show him on the computer when he gets home. We talk 762 vs 556, 45 vs 9mm and direct thread vs QD for about 10 minutes as I tie off my blue Ted Baker tie into a Pratt knot. The apex of the tie just touches my belt buckle. Length is right on the money, and I didn't even have a mirror. Jane approves of my knot and color selection. Go me. 4:55 PM: Fabulousness achieved, I call back in and find out national system is still down. FUCK. Well this is gonna have to wait till tomorrow. I shove Airman Cecil O'Malley's paperwork under the table and start stowing stuff since the show is about to close. 4:59 PM: Table is covered up and FC is walking out the door as the announcement crackles over the loudspeaker. THE SHOW IS CLOSED. PLEASE LEAVE THROUGH THE FRONT DOOR. 5:01 PM: On the way to the wedding! I stop at Target along the way because I've forgotten to get a card. I find one that says "It was meant to brie" on the front. It has some greeting card herpes, aka glitter on it but I have no time to be picky. As I'm in line to checkout I write something cheeky. "I always said love was cheesy and I camembert it sometimes.....Love, FC" The cashier scans it, I plug my amex into the card reader as I slip in a yard in there and seal up the envelope and slide it into my jacket pocket. The ride to the lake breaks every speed limit in two counties. 5:45PM: I arrive 15 minutes before the ceremony is about to begin and the parking staff puts me in the back lot. I hike over to the open bar and get a fresca. I'm supposed to behave myself, so FC quit drinking and is just chilling with a fresca as he scans the room. I know NOBODY at this wedding except the bride, groom and MAYBE the bride's massage therapist. Nope. I know nobody here. Awwwkward. I behave myself and sip on a fresca as the wedding starts. She gets married. She says yes. He says yes. FC is an ordained minister and can step up and marry someone in case there's an emergency but my services will not be needed at this wedding because things are going smoother than a cold filtered miller genuine draft. It's all good. The DJ announces the new couple and they walk down the aisle together as husband and wife for the first time. The music starts playing. https://www.youtube.com/watch?v=NNEgUPKxk7A ITS HEAVY D AND THE BOYZ! I HAVE ALWAYS WANTED TO GO TO A WEDDING WHERE THEY PLAY THE COUPLE OFF TO HEAVY D! I mention this to the people sitting next to me and they're like it's just like hitch! I'm like what? They go on to explain to me that it's a movie. Starring Will Smith. Huh. Didn't see that one. 5:45 PM: The open bar and the food is coming out. I look around and I definitely do not know ANYBODY HERE. I need to eat and go home. I grab a plate of cocktail shrimp and some lobster sliders and sit down at a picnic table away from the crowd. I don't even notice a busty brunette with cleavage showing also sitting at the table staring at her phone across from me until she says hi. 1: Hi. FC: Hi. (I scarf down a lobster slider. Munch munch) 1: So how do you know the lovely couple? FC: Well she was a friend of a friend and next thing you know I'm showing up to the Christmas party and the wedding. Then Seth is showing up and then they're getting married. You? 1: I work with Lisa, I'm a flight attendant. But I've been out of work for a few months. We had this thing at work. It's called a fume event. I happens when well uh how do I say? FC: Contaminated bleed air via the pneumatic air conditioning kit - or PACK - gets into the cabin, causing all sorts of respiratory irritation and all sorts of other things for the crew. You're on the 320, right? 1: The airbus? Yeah. Me and Lise are also on the.... FC: 321 and the 319. Yeah, I'm familiar with the technology. 1: You're a pilot. FC: Not exactly. I just know airplanes really well. 1: So you're an aerospace engineer. FC: I wouldn't go that far. Hahaha. That's stretching it. A lot. 1: Let me get this right. You're friends with Lisa and Seth, you know airplanes, you're the only one at this wedding actually wearing a suit...... FC: To be fair, it's Louisiana in October. We're lucky most of the folks here aren't wearing Mossy Oak and Realtree. 1: Hahahahahhah! You must live in Baton Rouge! FC: I do. 1: Me too! What part of the city? I live in (names neighborhood) FC: I'm over in (neighborhood next to her) 1: OH MY GOD! That's 10 minutes from my house! So anyways, you're smart, you're funny, where have you been all my life? I'm Ally. FC: I'm Will. 1: You wanna get dinner together? I literally do not know anyone else here and I was thinking about leaving before I met you. FC: Uh sure. Lemme just top this fresca off. 1: I'll join you. 6:15 We're told by the bartenders to grab a ceremonial wedding tervis tumbler with a patch commemorating the happy couple's nuptials hermetically sealed inside. They didn't want a bunch of red solo cups going to the dumpster so they decided to ball out. I walk up to the table where there's literally 200 tumblers in varying colors to choose from and I grab a random one as Ally grabs one too. We head to the bar, she fills her with vodka and sprite. I top off with ginger ale because I'm staying sober and I have to drive 45 minutes back to casa de FC in BTR. She asks me how I know so much about airplanes, I tell her it's been a lifelong obsession and I've done some ground school on the 320 and the 737 and I much prefer the 320. I ask her what's tough about her job and she tells me that most people don't know they only get paid when the doors close. I say yeah, block time is a real bitch sometimes. She looks at me like I'm crazy. I'm like what? She's like HOW DO YOU KNOW ABOUT BLOCK TIME? I told you, I know airplanes. We chat some more as the crowd gets drunker and drunker and more ridiculous on the dance floor. Someone requested Strokin' by Clarence Carter and the DJ ACTUALLY PLAYED IT. Goddamnit Lisa! HAVE YOU EVER HEARD OF A DO NOT PLAY LIST? Wow. 7:10 PM We find some seats for dinner as the buffet opens up, I pile a bunch of chicken marsala and beef wellington on my plate and we head back to the table. She's only a few years older than me and cannot believe that I am single. She asks if I've tried tinder. I tell her the tinder story about me being stuffed into the back of a police car and it is met with raucous laughter. 1: So, do you dance? FC: I do a lot of things, but I don't dance. Baton Rouge is the city that rhythm forgot. 1: I don't really dance either. As a matter of fact, I'm perfectly content to people watch all night with you here by my side. Her hand ran down to touch mine. It had a ring on it. FC: What does your husband think about that? Next thing I know, Lisa and Seth have dropped by the table to say hello. They're taking pictures with everyone and we can't continue the conversation we were just having. Lisa dives in to hug Ally, Seth gives me a handshake, sips my drink and asks why there isn't any bourbon in that tumbler. FC: Gotta behave myself. Long drive back home. Ally: OH MY GOD LISA! Will is FANTASTIC! Where have you been keeping him? He's funny, he's amazing and he looks hot in a suit! If I wasn't married, he'd be the perfect guy! (We're cut off by Lisa, she looks at me sternly.) Lisa: WHAT THE FUCK IS WRONG WITH YOU? FC: What? Lisa: Yesterday! When I was getting my wedding dress fitted! You called me a half attractive woman..... FC: It's not a normal occurrence! Most of the women who open my door are total heifers! For real! Take the compliment! Lisa cracks up, and Seth who has had a few drinks laughs so hard that he damn near falls over. You can hear the cackle of his laugh carry across the lake. The best man props him back up and they all have a laugh. The wedding planner slides in and tells the bride that her cake has been outside of refrigeration for an hour and 15 minutes now and is structurally deficient. They need to cut it now before it collapses in upon itself like a black hole. Lisa grabs Ally, Seth grabs me and the rest of the table follows. We're now part of the wedding cake cutting crew. 7:15 PM: The entourage all takes their Instagram positions as Lisa cuts into her structurally deficient cake and Seth resists the urge to do anything cheeky and fun with frosting. It's cute, everyone toasts the newlyweds. 7:20 PM: I pull Lisa aside privately and I ask her - what the fuck is Ally's deal? "If I wasn't married he'd be the perfect guy?" WHO THE FUCK SAYS THAT? A married woman? At a wedding? To a guy she JUST MET? Lisa: Look, I have no idea how her marriage is going or what her deal is. But just because there's a goalie doesn't mean you can't score. FC: WHAT THE FUCK IS THAT SUPPOSED TO MEAN? Lisa: It means that maybe, if she's throwing herself at you......you should catch her. I gotta go throw the bouquet. Brb. FC: ..... 7:25 Lisa goes to throw her bouquet and Ally has found me and is back at my side. 1: Where were we? I was just saying to Lisa that I was wondering where a guy like you has been all my life? You are awesome. FC: I am awesome, and you are married. 1: Yeah, I know. Come on, I really want you......I mean I really want you......to go photobooth with me. Come on, it'll be fun. She grabs my arm and drags me to the photobooth and she puts ridiculous hats and stuff on me. I'm like no, I've been looking ridiculous enough from birth. i'm good. She literally begs me with puppy dog eyes and does that thing where she shows cleavage. FC: Isn't this like against one of the ten commandments? Thou shalt not......photobooth with another man's wife? 1: Hmm. Yeah, I guess. You're really sweet though. If I was single, I'd be all over you right now. FC: Who says that? Really? 1: So, answer me this. You're not an engineer. You're not a pilot. What do you do? FC: Gun dealer. 1: So if I had something like an AR15 that needed some work, you'd be the guy to call? FC: Maybe, depending on what you needed - there's a lot of things where I'll just tell you flat out what you're trying to do is uneconomical and a bad idea. 1: Well, I'd really like it if you could check out some of my equipment sometime. FC, internal monologue: WHAT THE FUCK IS GOING ON HERE FC, external monologue: Bring it by the gun show this weekend and I'll see what I can do. I crack an uneasy smile as she gets up to go use the bathroom. I decide it's time to get the fuck out of here. 8:11 Making my escape plan proves to be a little tougher than I expected. The parking at the venue at the lake is dark and unlit and I have to navigate my way back to my car in the dark using the light from my phone. I reach into my jacket and I realize that their card is still inside. Fuck. I gotta go back. I turn around and head back to the gift table and I use some ninja recon skills I picked up in catholic school to make sure Ally is nowhere nearby. The coast is clear. I walk up to the little birdcage they have for cards, drop mine in confidently and get ready to turn on my heel and leave. I start making my way back to the parking lot when Seth is just walking out of the bathroom next to the gift table. 1: Hey man, you heading home? FC: I am now, forgot to drop off your card. 1: Ally thought you left without saying goodbye to her, so she asked me for your number. I gave it to her. FC: Oh dear lord. 1: What? FC: Did you hear that woman? "If I was single, you'd be the perfect guy!" Those words are not in a vocabulary of any married woman I know. 1: Dude, you just gotta chill out and go with the flow man. It's not your marriage. If she wants a piece of you, cut her off a slice. FC: Are you serious? 1: When I met Lisa, she was still married to Freddie. Look at us now, 7 years later and we're happy. You want to be happy, don't you? FC: Yeah but.... 1: No but's! Go storm the castle! I gotta go, but I'll catch you at the afterparty tomorrow night! You going? FC: Yeah at your house right? 1: Yeah, what time the gun show wrap up? FC: 4, so I'll be out by 5. 1: I got steaks going on the grill at 3, I'll get save a nice one for you. You still a medium rare guy? FC: You know it! 1: I think Ally is gonna be there too, you two should get to know each other a little better. FC: That's what I'm afraid of! Seth goes back to his wedding, I hop in the car and drive home. It's almost 10PM as I approach the Jersey mikes by my house. I stop in to grab a sandwich for Sunday. Just as I walk up I hear one of the sandiwch makers swear she's going to slit the throat of the next person who orders a sandwich. Eep. I tell her I need a giant 9. She starts making me one. I ask her if she's trying to get out of here right at 10? She says yeah, she's trying to catch the end of the Yankees/Red Sox game. I tell her my old man was from Brighton and my mom was from Elmhurst, so there's no love lost there. We have a laugh. She caught the Yankees pummeling the A's in the wild card on Wednesday. I whip out my phone and check the score for her. Yankees are up 6-2. I tell her she should be able to catch the end of it at home or whatever sports bar she's going to. She tells me she's going to the outback steakhouse the next block over to watch it and they better have the game on when she rolls up in 15. I tell her I'll do her one better. I dated the bartender there (once, she friendzoned me) and I'll message her on facebook to have it on for you. It is at this moment, I am asked for the second time that evening - from a strange woman I've just met - where have I been all her life? I head home, throw my sandwich in the fridge and head to bed wondering WHAT THE FUCK IS GOING ON HERE? Did FC like get game all of a sudden? Donald Trump is President. The Eagles won the super bowl. You can't make this shit up. I got one more day at the gun show too. Postscript: As I write this, it's Columbus day and the Indians, the Redskins and Braves all got their asses handed to them. We truly live in interesting times.
Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT.
Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT. Summary Like many people, I initially loved SegWit - until I found out more about it. I'm proud of my open-mindedness and my initial - albeit short-lived - support of SegWit - because this shows that I judge software on its merits, instead of being some kind of knee-jerk "hater". SegWit's idea of "refactoring" the code to separate out the validation stuff made sense, and the phrase "soft fork" sounded cool - for a while. But then we all learned that:
SegWit-as-a-soft-fork would be incredibly dangerous - introducing massive, unnecessary and harmful "technical debt" by making all transactions "anyone-can-spend";
Pieter Wuille's Segregated Witness and Fraud Proofs (via Soft-Fork!) is a major improvement for scaling and security (and upgrading!)
I am very proud of that initial pro-SegWit post of mine - because it shows that I have always been totally unbiased and impartial and objective about the ideas behind SegWit - and I have always evaluated it purely on its merits (and demerits). So, I was one of the first people to recognize the positive impact which the ideas behind SegWit could have had (ie, "segregating" the signature information from the sender / receiver / amount information) - if SegWit had been implemented by an honest dev team that supports the interests of the Bitcoin community. However, we've learned a lot since December 2015. Now we know that Core / Blockstream is actively working against the interests of the Bitcoin community, by:
trying to force their political and economic viewpoints onto everyone else by "hard-coding" / "bundling" some random / arbitrary / centrally-planned 1.7MB "max blocksize" (?!?) into our code;
trying to take away our right to vote via a clean and safe "hard fork";
trying to cripple our code with dangerous "technical debt" - eg their radical and irresponsible proposal to make all transactions "anyone-can-spend".
This is the mess of SegWit - which we all learned about over the past year. So, Core / Blockstream blew it - bigtime - losing my support for SegWit, and the support of many others in the community. We might have continued to support SegWit if Core / Blockstream had not implemented it as a dangerous and dirty soft fork. But Core / Blockstream lost our support - by attempting to implement SegWit as a dangerous, anti-democratic soft fork. The lesson here for Core/Blockstream is clear: Bitcoin users are not stupid. Many of us are programmers ourselves, and we know the difference between a simple & safe hard fork and a messy & dangerous soft fork. And we also don't like it when Core / Blockstream attempts to take away our right to vote. And finally, we don't like it when Core / Blockstream attempts to steal functionality away from nodes while using misleading terminology - as u/chinawat has repeatedly been pointing out lately. We know a messy, dangerous, centrally planned hack when we see it - and SegWit is a messy, dangerous, centrally planned hack. If Core/Blockstream attempts to foce messy and dangerous code like SegWit-as-a-soft-fork on the community, we can and should and we will reject SegWit - to protect our billions of dollars of investment in Bitcoin (which could turn into trillions of dollars someday - if we continue to protect our code from poison pills and trojans like SegWit). Too bad you lost my support (and the support of many, many other Bitcoin users), Core / Blockstream! But it's your own fault for releasing shitty code. Below are some earlier comments from me showing how I quickly turned from one of the most outspoken supporters of Segwit (in that single OP I wrote the day I saw Pieter Wuille's presentation on YouTube) - into one of most outspoken opponents of SegWit:
I also think Pieter Wuille is a great programmer and I was one of the first people to support SegWit after it was announced at a congress a few months ago. But then Blockstream went and distorted SegWit to fit it into their corporate interests (maintaining their position as the dominant centralized dev team - which requires avoiding hard-forks). And Blockstream's corporate interests don't always align with Bitcoin's interests.
As noted in the link in the section title above, I myself was an outspoken supporter championing SegWit on the day when I first the YouTube of Pieter Wuille explaining it at one of the early "Scaling Bitcoin" conferences. Then I found out that doing it as a soft fork would add unnecessary "spaghetti code" - and I became one of the most outspoken opponents of SegWit.
Probably the only prominent Core/Blockstream dev who does understand this kind of stuff like the Robustness Principle or its equivalent reformulation in terms of covariant and contravariant types is someone like Pieter Wuille – since he’s a guy who’s done a lot of work in functional languages like Haskell – instead of being a myopic C-tard like most of the rest of the Core/Blockstream devs. He’s a smart guy, and his work on SegWit is really important stuff (but too bad that, yet again, it’s being misdelivered as a “soft-fork,” again due to the cluelessness of someone like Luke-Jr, whose grasp of syntax and semantics – not to mention society – is so glaringly lacking that he should have been recognized for the toxic influence that he is and shunned long ago).
The damage which would be caused by SegWit (at the financial, software, and governance level) would be massive:
Millions of lines of other Bitcoin code would have to be rewritten (in wallets, on exchanges, at businesses) in order to become compatible with all the messy non-standard kludges and workarounds which Blockstream was forced into adding to the code (the famous "technical debt") in order to get SegWit to work as a soft fork.
SegWit was originally sold to us as a "code clean-up". Heck, even I intially fell for it when I saw an early presentation by Pieter Wuille on YouTube from one of Blockstream's many, censored Bitcoin scaling stalling conferences)
But as we all later all discovered, SegWit is just a messy hack.
Probably the most dangerous aspect of SegWit is that it changes all transactions into "ANYONE-CAN-SPEND" without SegWit - all because of the messy workarounds necessary to do SegWit as a soft-fork. The kludges and workarounds involving SegWit's "ANYONE-CAN-SPEND" semantics would only work as long as SegWit is still installed.
This means that it would be impossible to roll-back SegWit - because all SegWit transactions that get recorded on the blockchain would now be interpreted as "ANYONE-CAN-SPEND" - so, SegWit's dangerous and messy "kludges and workarounds and hacks" would have to be made permanent - otherwise, anyone could spend those "ANYONE-CAN-SPEND" SegWit coins!
Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows.
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’ghar
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer
"The scaling argument was ridiculous at first, and now it's sinister. Core wants to take transactions away from miners to give to their banking buddies - crippling Bitcoin to only be able to do settlements. They are destroying Satoshi's vision. SegwitCoin is Bankcoin, not Bitcoin" ~ u/ZeroFucksG1v3n
u/Uptrenda on SegWit: "Core is forcing every Bitcoin startup to abandon their entire code base for a Rube Goldberg machine making their products so slow, inconvenient, and confusing that even if they do manage to 'migrate' to this cluster-fuck of technical debt it will kill their businesses anyway."
"SegWit [would] bring unnecessary complexity to the bitcoin blockchain. Huge changes it introduces into the client are a veritable minefield of issues, [with] huge changes needed for all wallets, exchanges, remittance, and virtually all bitcoin software that will use it." ~ u/Bitcoinopoly
Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life.
Core/Blockstream & their supporters keep saying that "SegWit has been tested". But this is false. Other software used by miners, exchanges, Bitcoin hardware manufacturers, non-Core software developers/companies, and Bitcoin enthusiasts would all need to be rewritten, to be compatible with SegWit
SegWit-as-a-softfork is a hack. Flexible-Transactions-as-a-hard-fork is simpler, safer and more future-proof than SegWit-as-a-soft-fork - trivially solving malleability, while adding a "tag-based" binary data format (like JSON, XML or HTML) for easier, safer future upgrades with less technical debt
ViABTC: "Why I support BU: We should give the question of block size to the free market to decide. It will naturally adjust to ever-improving network & technological constraints. Bitcoin Unlimited guarantees that block size will follow what the Bitcoin network is capable of handling safely."
Bitcoin's specification (eg: Excess Blocksize (EB) & Acceptance Depth (AD), configurable via Bitcoin Unlimited) can, should & always WILL be decided by ALL the miners & users - not by a single FIAT-FUNDED, CENSORSHIP-SUPPORTED dev team (Core/Blockstream) & miner (BitFury) pushing SegWit 1.7MB blocks
The Blockstream/SegWit/LN fork will be worth LESS: SegWit uses 4MB storage/bandwidth to provide a one-time bump to 1.7MB blocksize; messy, less-safe as softfork; LN=vaporware. The BU fork will be worth MORE: single clean safe hardfork solving blocksize forever; on-chain; fix malleability separately.
Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & dangerous "anyone-can-spend kludge".
The real reason why Core / Blockstream always favors soft-forks over hard-forks (even though hard-forks are actually safer because hard-forks are explicit) is because soft-forks allow the "incumbent" code to quietly remain incumbent forever (and in this case, the "incumbent" code is Core)
Reminder: Previous posts showing that Blockstream's opposition to hard-forks is dangerous, obstructionist, selfish FUD. As many of us already know, the reason that Blockstream is against hard forks is simple: Hard forks are good for Bitcoin, but bad for the private company Blockstream.
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximus
The proper terminology for a "hard fork" should be a "FULL NODE REFERENDUM" - an open, transparent EXPLICIT process where everyone has the right to vote FOR or AGAINST an upgrade. The proper terminology for a "soft fork" should be a "SNEAKY TROJAN HORSE" - because IT TAKES AWAY YOUR RIGHT TO VOTE.
If Blockstream were truly "conservative" and wanted to "protect Bitcoin" then they would deploy SegWit AS A HARD FORK. Insisting on deploying SegWit as a soft fork (overly complicated so more dangerous for Bitcoin) exposes that they are LYING about being "conservative" and "protecting Bitcoin".
"We had our arms twisted to accept 2MB hardfork + SegWit. We then got a bait and switch 1MB + SegWit with no hardfork, and accounting tricks to make P2SH transactions cheaper (for sidechains and Lightning, which is all Blockstream wants because they can use it to control Bitcoin)." ~ u/URGOVERNMENT
u/Luke-Jr invented SegWit's dangerous "anyone-can-spend" soft-fork kludge. Now he helped kill Bitcoin trading at Circle. He thinks Bitcoin should only hard-fork TO DEAL WITH QUANTUM COMPUTING. Luke-Jr will continue to kill Bitcoin if we continue to let him. To prosper, BITCOIN MUST IGNORE LUKE-JR.
Normal users understand that SegWit-as-a-softfork is dangerous, because it deceives non-upgraded nodes into thinking transactions are valid when actually they're not - turning those nodes into "zombie nodes". Greg Maxwell and Blockstream are jeopardizing Bitcoin - in order to stay in power.
"Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelt
"Anything controversial ... is the perfect time for a hard fork. ... Hard forks are the market speaking. Soft forks on any issues where there is controversy are an attempt to smother the market in its sleep. Core's approach is fundamentally anti-market" ~ u/ForkiusMaximus
As Core / Blockstream collapses and Classic gains momentum, the CEO of Blockstream, Austin Hill, gets caught spreading FUD about the safety of "hard forks", falsely claiming that: "A hard-fork forced-upgrade flag day ... disenfranchises everyone who doesn't upgrade ... causes them to lose funds"
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.
Blockstream is "just another shitty startup. A 30-second review of their business plan makes it obvious that LN was never going to happen. Due to elasticity of demand, users either go to another coin, or don't use crypto at all. There is no demand for degraded 'off-chain' services." ~ u/jeanduluoz
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
The Bitcoin community is talking. Why isn't Core/Blockstream listening? "Yes, [SegWit] increases the blocksize but BU wants a literal blocksize increase." ~ u/lurker_derp ... "It's pretty clear that they [BU-ers] want Bitcoin, not a BTC fork, to have a bigger blocksize." ~ u/WellSpentTime
"The MAJORITY of the community sentiment (be it miners or users / hodlers) is in favour of the manner in which BU handles the scaling conundrum (only a conundrum due to the junta at Core) and SegWit as a hard and not a soft fork." ~ u/pekatete
Bitcoin Unlimited is the real Bitcoin, in line with Satoshi's vision. Meanwhile, BlockstreamCoin+RBF+SegWitAsASoftFork+LightningCentralizedHub-OfflineIOUCoin is some kind of weird unrecognizable double-spendable non-consensus-driven fiat-financed offline centralized settlement-only non-P2P "altcoin"
The number of blocks being mined by Bitcoin Unlimited is now getting very close to surpassing the number of blocks being mined by SegWit! More and more people are supporting BU's MARKET-BASED BLOCKSIZE - because BU avoids needless transaction delays and ultimately increases Bitcoin adoption & price!
I have just been banned for from /Bitcoin for posting evidence that there is a moderate/strong inverse correlation between the amount of Bitcoin Core Blocks mined and the Bitcoin Price (meaning that as Core loses market share, Price goes up).
The main difference between Bitcoin core and BU client is BU developers dont bundle their economic and political opinions with their code
https://np.reddit.com/btc/comments/5v3rt2/the_main_difference_between_bitcoin_core_and_bu/ TL;DR: You wanted people like me to support you and install your code, Core / Blockstream? Then you shouldn't have a released messy, dangerous, centrally planned hack like SegWit-as-a-soft-fork - with its random, arbitrary, centrally planned, ridiculously tiny 1.7MB blocksize - and its dangerous "anyone-can-spend" soft-fork semantics. Now it's too late. The market will reject SegWit - and it's all Core / Blockstream's fault. The market prefers simpler, safer, future-proof, market-based solutions such as Bitcoin Unlimited.
The dates are not so accurate here and there. There could be a little bit editing, but mostly, original conversation.
For a transparency and a big support to IF!
7/10 microhash - 06/28/2018 Thanks for the advice, guys. Already told eric that I'm interested, now it's up to the IF. dom - Today at 3:04 AM no, we do not work with Bosch on Jinn Fahad Sheikh - Today at 3:14 AM There is a lot to look forward to, didn't ya'll see the Project List that Edward posted in Medium? Coordicide being the most interesting one IMO. Come-from-Beyond - Today at 6:34 AM [bro which company will manufacture the jinn processors] Nvidia, joke :trollcfb: Eric Hop - Today at 5:10 AM If you are thinking there isn't much response from IF on Discord at the moment: we're all together at a summit working closely together. We're doing team building (we're from all over the globe) and work shops. Cross team presentations. And working in research groups to boost most projects forward. 7/20 David Sønstebø - Today at 1:27 AM The lightweight trinary hashfunction that IOTA set out to create with the Curl-P project will indeed be created by world leading cryptographers who specialize in exactly this field within cryptography. and yes, this has begun. 7/27 Ralf RottmannLast Monday at 5:53 PM 1.) IOTA Foundation has been very clear about the importance of manual tethering and that understanding deployment topologies will be an ongoing research topic. IOTA Foundation has also made clear, that better support for finding neighbours is a topic under active research. As the current status clearly shows, the solution is not as simple as what Nelson brings to the table. So in essence, Nelson forces IOTA Foundation to shift priorities. These things happen all the time and we are not that worried about it. We knew this ride wouldn't be easy! 2.) In an open source, permissionless environment, Roman and his team do not have to ask for permission and do not have to cooperate with anybody. They can do whatever they think might be valuable for the community, the network and its many different stakeholders. It will always be up to the users and various parties who are having an interest into the technology, to decide whether they see value being added or damage done. There is no objective judge empowered to decide. On the contrary, everyone is entitled to freely voice praise, concerns and opinion at any time. 3.) It already is public knowledge, that IOTA Foundation has been discussing ways to actively collaborate with Roman and his team a while ago but we couldn't agree around technicalities and commercials and ultimately mutually decided, that it would help the community at large, if Roman and his team stay completely independent and IOTA Foundation continues its research and development, with network topology just being a tiny part of the grand vision. 4.) Roman has publicly stated, that he is not interested in forking the project and only wants to do good for IOTA. I personally appreciate him being very clear about this, because it takes away uncertainty and speculation and I trust Roman to be genuinely honest with us. It does, however, come with the territory, that forks might happen at any time. I personally do not worry that much, should we ever see an attempt from anybody to embark on a fork. My decision to follow such an undertaking (with time, effort and money), would always be based on the likelihood of the effort to having enough funds to exist long-term. IOTA is not just about a network of nodes. Bringing the complete vision to life is an enormous effort, that will take years to come, the commitment of large corporate and public partners and affording a strong global team, to holding the pieces together. I have seen many similar initiatives failing. So far, IOTA Foundation has done very well and I'm confident we're just getting started. I hope this somewhat sets the record straight for what I've been stating on Twitter and elsewhere! dom Last Monday at 4:01 AM sidetangles are something that we are actively researching right now with a university. Quite frankly, at the current stage, they serve little purpose on the mainnet for any of our use cases or products we intend to build. dom Last Monday at 4:02 AM I'm not sure if they will be disabled by this fix entirely - I don't think so. But I will let our engineers answer that. iota yodler Yesterday at 11:35 PM is the Finish line in sight?! dom Yesterday at 11:36 PM [about recalim status] 85% David Sønstebø 07/20/2018 [Any news about IOTA and the e-krona in the past weeks? ] Nothing to report right now, in Scandinavia it is summer vacation David Sønstebø Last Wednesday at 4:43 AM [any information about work with partners, like VW, Cisco, Schindler.... etc] @DvorNick When it comes to updates with organizations we work with, it is equally in their hands. It's unfortunately an incredibly tedious process, the people we work with are excited to get news out, but they have to jump through 10 hoops to get it approved David Sønstebø Last Wednesday at 4:52 AM 1) If the community had to choose, what do you want: founders and Foundation members that can communicate in a friendly, transparent and open fashion, including the candid joking chats or shadows in ivory towers with personality cults? 2) I refuse to believe CfB has ever said: "I guarantee the price will be X" Our vision, our status updates etc. are 100% honest. That's what you need to focus on. We don't cater to speculators, we just put the truth out there, then you can interpret and speculate as you want Come-from-Beyond Last Wednesday at 4:55 AM I just said that IOTA will be #1 on CMC Come-from-Beyond Last Wednesday at 4:55 AM roughly 5 months left David Sønstebø Last Wednesday at 4:58 AM @Ryan G. 100%. 6 degrees of separation is no joke. For IF right now it's more about quality over quantity, we got way more demand than we can supply, but there's certainly a few things that will come to mind David Sønstebø Last Wednesday at 5:08 AM [You have selected great advisors for IF, well done! question: how do you work with them in the organisation?] @ets Thanks. It differs from person to person, some we are working with on a nearly daily basis, others we speak with once a week about the bigger picture, or more actively within a certain project Ralf Rottmann Last Monday at 5:07 PM @Th3B0Y We are actively engaging with Eclipse Foundation. They have governance figured out for large projects like ours. Ralf Rottmann Last Monday at 5:15 PM [will IF always decide, for example, what changes and what doesn't on IRI?] @Th3B0Y No. That's exactly what Eclipse Foundation will bring to the table. It has clearly outlined and well established processes around these things and will help us to bring in large contributors (like corporate partners) down to individuals. We are already engaging with key partners who are keen to help contributing to our code base. Moving under Eclipse Foundation involves some complex legal matters around trademarks, which is why we are not "just doing it" right away. Ralf Rottmann Last Monday at 5:22 PM [ if the IF doesn't want something to change/be added but many devs want, will it be "merged" anyway? or will they simply have to fork it?] @Th3B0Y There will be a process around it with IOTA Foundation not having sort of the ultimate power. That was never our intention. It's just required at the early stage we're at. –– Of course, everybody can decide to fork at any time and everyone can decide to go with a fork. I personally would make such a decision primarily based on the likelihood of any fork to having enough funds for supporting an undertaking as big as the IOTA vision. We have to keep it mind, it's not just about setting up a basic network! (Something we tend to forget.) 7/30 Ralf Rottmann Last Tuesday at 12:11 AM Sergey Ivancheglo is a honorary member & founder. He is not legally employed by IOTA Foundation, as many others. CfB developed the first version of COO. IOTA Foundation runs and operates COO instances and has full access to the source code. Edward Greve Last Tuesday at 12:58 AM [CFB is creating a significant portion of Tangles technology] @Deep_Sea_Hopper Not since 2016 Edward Greve Last Tuesday at 12:58 AM CFB hasn't contributed to IRI (or any other IF maintained repo) to my knowledge since then Edward Greve Last Tuesday at 1:02 AM Ict, at the moment, is being worked on by CFB alone. We (IF) have seen the code, but are not working on it until he's "done" with it and then gives it to us to fix / polish / improve and release publicly. The same thing happened with IRI ~2 years ago... Ralf RottmannLast Tuesday at 1:07 AM @Deep_Sea_Hopper For the sake of completeness and because it has been said before: We were considering working with Roman's team but the technicalities and commercials haven't worked out. We are confident, that our very own teams will figure out a solution while at the same time spending our funds in line with our charitable, non-profit boundaries. -- There are some good news in this: We all seem to be completely aligned about the various problem statements. The various parties can now start working on fixes. Edward GreveLast Tuesday at 1:15 AM He is saying that Ict represents the swarm nodes, and doesn't expect them to work in the current mainnet environment due to his assumption that the Ict nodes and autopeered nodes will form separate clusters, with the vast majority of transactions happening outside of the Ict cluster. Edward GreveLast Tuesday at 1:21 AM Ideally, we would have a well-researched auto peering solution, which answers all of the open questions. I don't see it happening that quickly though. It's a complex problem. Ralf RottmannLast Tuesday at 3:31 AM @lluisin I have explained it before: We did take a thorough look at Nelson and decided, that we leverage our engineering team, to address the problem of automatic peering. As a charitable non-profit foundation (sorry for constantly reminding everyone of this), we need to pick carefully, where we spend money. We currently cannot justify to enhance a "product" that we ultimately do not believe in as a solution to a core challenge. As towards collaboration with Roman in a professional capacity, we did discuss this openly with him and his brother but couldn't agree on the technicalities and commercials. Ralf RottmannLast Tuesday at 3:39 AM Applied to what Roman and his team do, this means we can't invest into Field, which is not yet open source and not developed in the open. Same is true for Hercules. We could potentially invest into Nelson but don't think it's solving the problem the right way. We haven't done an exhaustively deep analysis. We haven't prepared a laundry list of points, that Roman and his team could work upon to make Nelson better. Nelson is not our product. We don't believe in it. Hence we're not "wasting" the Foundation's time and money on improving it. We (have to) live with the consequences it causes and instead ramp up our own efforts to eliminate the root issues. Thanks to the many donors who believe in the project, we have the funds to work on this for years to come and are confident that time and dedication will bring us there. Ralf RottmannLast Tuesday at 3:46 AM I absolutely understand that humans tend to jump on apparent short term fixes and it's extremely difficult to stay patient. And there is one other aspect: Workarounds like Nelson constantly challenge the network and our basic assumptions. They help surfacing what we don't know. It's not always fun, but it certainly helps driving IOTA forward! So we are eternally grateful for having Roman and every other community developer around. We also believe, there are vast commercial opportunities for the community in IOTA. Spending Foundation money on those just is a totally different story. For the Semko brothers there is absolutely nothing to worry about. There also is no attitude. I think this very open debate is a testament to exactly that. The community has asked for more transparency. We hopefully have established that. Since my very first day in this community, I always said what I mean. You can either ask for my honest opinion or should not ask me. It would have been way easier to respond with some generic paragraph about how much we appreciate every contribution and move on. The fact of the matter is: We are all in this together for a multitude of different reasons. That is what makes IOTA so fascinating. As the only party, who is a regularly audited charitable non-profit, we are legally required to make all of our decisions transparent. Hence we sometimes cannot rush out fixes, release untested software or do quick investment decisions. When the IOTA founders chose a non-profit foundation, they did so for a reason. One thing everyone can be absolutely assured at any time: IOTA Foundation is not in this for any commercial purposes. It has no shareholders. No beneficiaries. No owners. It is owned by itself. That's a major advantage. (And also, why I'm not at all nervous about the potential of any forks. Going with a fork that's not governed as a charitable non-profit would be borderline stupid.) Ralf RottmannLast Tuesday at 4:07 AM Getting back to Nelson: As Roman stated earlier, we had Mathew Yarger looking into Nelson. We do plan to send our findings and questions to Roman by the end of the week. Out of respect, I would leave it up to Roman whether he wants to share publicly and to which extend he sees value in keeping the community updated about our interaction. Come-from-BeyondLast Tuesday at 4:53 AM I'm back guys, has anyone reviewed my claim that current Nelson's strategy contradicts to what was recommended in that paper about reaching consensus? (https://www3.nd.edu/~mhaenggi/pubs/jstsp11.pdf) Ralf RottmannLast Tuesday at 5:04 AM [Okay so the lower rotation frequence creates wormholes? ] @PatriQ That’s actually the entire point. It’s a hard problem to solve. Needs research. Thoroughly reading relevant papers. Rushing out a workaround and hoping it “just works” is not the way the foundation can handle things. And we take the liberty to occasionally highlight this aspect. Come-from-BeyondLast Tuesday at 5:04 AM [Okay so the lower rotation frequence creates wormholes?] Higher rotation frequency does. Also make sure that you have not more than 3 active neighbors with manual tehtering we use 5-7 assuming that some neighbors will die PatriQLast Tuesday at 5:06 AM Okay so we figured out couple of points: 1# Higher rotation frequency creates wormholes. 2# Max 5-7 neighbors (thats included with Nelson) What else? Ralf RottmannLast Tuesday at 5:16 AM @Deep_Sea_Hopper We did an analysis and Roman is in touch with Mat. Come-from-BeyondLast Tuesday at 5:42 AM @PatriQ 2# Max 5-7 neighbors (thats included with Nelson) 3 neighbors if Nelson is used (assuming those neighbors are active ones) David SønstebøLast Tuesday at 9:34 AM Today has been an interesting one. Some topics need to be clarified right away: The IOTA Foundation is 100% supportive of any third party actors such as the Semko brothers, the IOTA project is an open and permissionless one; therefore everyone has the right to develop on top of it. In fact, the entire IOTA project is dependent on it. Independent entities, whether big or small, getting involved and developing in conjunction with or independent of the IOTA Foundation is a mantra we have been preaching since the very inception of IOTA. It is the vision we still have for the future of IOTA. As an open source project, this is crucial for success. Another vital aspect is a drastic improvement in communication, bilaterally between IF and third parties, as well as in general to the broader community. We are happy to say that this is the number one priority of the foundation at the moment. We know that people can become confused and begin to speculate, rightfully so, when there is a vacuum in communication. If something is going on with the network that we have not communicated beforehand, then Fear, Uncertainty and Doubt kicks in. What we are working on right now is weekly newsletters, weekly update blog posts on certain days, and a roadmap that is continually up to date, that will give everyone a clear insight into where the different projects are, both from development and research perspectives, as well are defined ETAs. The IOTA community is a smart and driven one, but no one can be expected to predict the future or read our minds; therefore it is incumbent upon the IOTA Foundation to communicate in a fashion that gives people predictable roadmaps and status updates to avoid excessive worrying. Finally, everyone should feel absolutely free to raise their opinions and ask whatever questions they feel like. At the end of the day we are all in this together, and while the work being conducted by IF now is more efficient and focused than ever before, it is ultimately our responsibility that this is reflected in our communication and thus permeates the attitude of the project overall. Come-from-BeyondLast Friday at 3:36 PM [Is it attacker led or just a bad fix in 1.5.2?] 1.5.2 is a first half of the fix, next version will deploy the other half Let's do totalizator, like horse-racing but in our case one with highest confirmation ratio will win? Come-from-BeyondLast Friday at 5:19 PM [when fix to the IRI?] Dunno, IF doesn't rush to release a fix, its goal not only to make users happy but also to analyze attacks and counterattacks 7/30 domYesterday at 5:27 PM network protocol and syncing is something we are looking deeper right now. But the network layer is the number one bottleneck of IOTA right now. domYesterday at 5:50 PM waiting on the Desktop release, then we will work on the Ledger integration. but the community already did a fantastic job there domYesterday at 5:51 PM yeh, Trinity Desktop will be amazing I really want to see an IOTA App Marketplace evolve around that, where people can then test various use cases. Like the TipBot, secure audit trails, timestamping documents, paying for storage etc. it can become a gateway for a sort of sandbox environment, where you can try these apps out and just contribute through that (experimenting with new IOTA-based apps). domYesterday at 6:02 PM btw, I think IOTA is one of the few projects where the community is contributing a lot of great development, making this really a more decentralized ecosystem. Ethereum has that, and maybe Bitcoin, but I don't know of any other project that has fully working core clients, libraries ,node deployment scripts and services (like the tipbot) like we do domYesterday at 6:43 PM [I was quoting David a few months ago where target was > 100 CTPS EOY 18] we still aim for that domYesterday at 6:48 PM [wasn't the tangle taken down regularly by attackers even with the COO? How is a large corp going to commit?] we have a technical roadmap and we stick to that - this includes achieving the KPI's mentioned above. Right now we have to resolve a lot of technical debt from previous years, but we are quickly catching up and making IRI more robust. Private Tangles are great for corporates to experiment right now. Ralf RottmannYesterday at 3:49 AM I understand the rationale behind it but don’t like how the idea, once people get used to it, might pave the way to transaction-fees. Of course everyone can built businesses on top of IOTA and that is a huge part of building an ecosystem. I just wouldn’t personally endorse the idea to prioritize value tx at this stage of the project. Not meant as an offense! Roman SemkoYesterday at 4:06 AM Not taken as offence, @Ralf Rottmann ! We are all grown ups to discuss this in a civilized manner. I am not intending to keep this tipsel algo. It is just one temporary node targeting to solve current bottleneck. Nothing more. I am of the same opinion as you on this one. Ralf RottmannYesterday at 4:08 AM Thanks, @Roman Semko. May I cross-post this to twitter? People seem to somehow think the two of us are enemies... I plan to add Hercules nodes to IOTA.FM over the weekend. If that doesn’t prove otherwise, I don’t know! 8/1 Come-from-BeyondToday at 8:02 AM [any hot news or maybe a riddle to tied us over until the next major development?] Have you seen Li-Fi demo transferring data over 1 km? Come-from-BeyondToday at 8:06 AM [Link please!] good that no, because it's classified :trollcfb: https://www.youtube.com/watch?v=jV3RpeJNvbU&feature=youtu.be David SønstebøToday at 2:26 AM LiFi is part of the start-up of me and @Come-from-Beyond yes, it's a natural extension of enabling a true mist of computing David SønstebøToday at 2:27 AM [Lifi is a JINN project?] @Crewtons Tied to Jinn Labs, not JINN 8/2 David SønstebøYesterday at 11:04 PM @everyone The IOTA Foundation is revamping and allocating more resources towards its communication strategy at the moment. We consider it pivotal for the success of the project to have a thriving community, a key ingredient in maintaining and growing that is to improve the communication from the Foundation to the community. As part of this new initiative, there will predictable/scheduled blog post updates from the Research, Engineering, Social and Biz Dev/Partnerships departments coming soon. Research will be posting a new topic delving into the nitty-gritty of IOTA every other Wednesday from now on, starting with today's piece by Alon Gal: https://twitter.com/iotatoken/status/1024656969590812673 DaveToday at 3:07 AM [Who is HusQy from the IF?] He is working on local snapshots, he will be announced soon green_protocolToday at 4:42 AM http://www.lighting.philips.com/main/products/lifi Philips Canada and Cisco Canada have demo'ed LIFI Come-from-BeyondToday at 6:52 AM [call me whatever, ban me if you want, but lifi seems really stupid] agree, so is WiFi and Bluetooth which are just radio which was invented 100 years ago :trollcfb: Come-from-BeyondToday at 6:55 AM [So, this laser demo, is this for connecting clusters in EC?] no, it's for connecting buildings in cities Come-from-BeyondToday at 7:03 AM [How I’m going to use lifi on my grandma village! They don’t have light on the streets] that was just few milliWt demo, use few killoWt one and you'll be able to play Star Wars with your friends Come-from-BeyondToday at 7:05 AM [How you gonna power that 1kW laser] connect to neighbors Bitcoin mining farm, he won't notice that I connected :trollface: [But LiFi isn't new.. What is so special about your LiFi CFB?] 5G is not new too, just radio :trollcfb: Eric HopToday at 8:51 AM [Can we expect an Qubic update 3.8.?] Yep, of course. 3rd of the month. 8/3 Edward GreveYesterday at 7:37 PM @everyone IRI 1.5.3 is out now! The new version of IRI addresses the blowball problem seen on Mainnet. Download IRI 1.5.3 here. https://github.com/iotaledgeiri/releases/tag/v1.5.3 domYesterday at 4:37 PM Rolf is probably moving on to an even bigger opportunity (maybe even a DAX company). Ralf is still 100% committed to IOTA and is part of the Foundation. once we can share more, we will tell you guys :smiley: Maybe Rolf himself will come on discord. domYesterday at 4:39 PM [And your work with VW is still intact?] of course same with Fujitsu domYesterday at 4:39 PM we are still working with them on Industry 4.0 related topics. We are in touch with several different departments there domYesterday at 4:58 PM [.rolf has been instrumental & a great advocate for IOTA would be a shame to lose such a visionary.] we are not losing him at all :smiley: [has Oliver bussmann left the foundation??] yes, we no longer work with Oliver [–]domschDominik Schiener - Co-founder of IOTA 32 점 1 일 전에 We will have an update on the data marketplace very soon :)
Why is Blockstream CTO Greg Maxwell u/nullc trying to pretend AXA isn't one of the top 5 "companies that control the world"? AXA relies on debt & derivatives to pretend it's not bankrupt. Million-dollar Bitcoin would destroy AXA's phony balance sheet. How much is AXA paying Greg to cripple Bitcoin?
Typical semantics games and hair-splitting and bullshitting from Greg. But I guess we shouldn't expect too much honesty or even understanding from someone like Greg who thinks that miners don't control Bitcoin. AXA-owned Blockstream CTO Greg Maxwell u/nullc doesn't understand how Bitcoin mining works
Mining is how you vote for rule changes. Greg's comments on BU revealed he has no idea how Bitcoin works. He thought "honest" meant "plays by Core rules." [But] there is no "honesty" involved. There is only the assumption that the majority of miners are INTELLIGENTLY PROFIT-SEEKING. - ForkiusMaximus
Adam Back & Greg Maxwell are experts in mathematics and engineering, but not in markets and economics. They should not be in charge of "central planning" for things like "max blocksize". They're desperately attempting to prevent the market from deciding on this. But it will, despite their efforts.
Gregory Maxwell nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."
People are starting to realize how toxic Gregory Maxwell is to Bitcoin, saying there are plenty of other coders who could do crypto and networking, and "he drives away more talent than he can attract." Plus, he has a 10-year record of damaging open-source projects, going back to Wikipedia in 2006.
https://np.reddit.com/btc/comments/4klqtg/people_are_starting_to_realize_how_toxic_gregory/ So here we have Greg this week, desperately engaging in his usual little "semantics" games - claiming that AXA isn't technically a bank - when the real point is that: AXA is clearly one of the most powerful fiat finance firms in the world. Maybe when he's talking about the hairball of C++ spaghetti code that him and his fellow devs at Core/Blockstream are slowing turning their version of Bitcoin's codebase into... in that arcane (and increasingly irrelevant :) area maybe he still can dazzle some people with his usual meaningless technically correct but essentially erroneous bullshit. But when it comes to finance and economics, Greg is in way over his head - and in those areas, he can't bullshit anyone. In fact, pretty much everything Greg ever says about finance or economics or banks is simply wrong. He thinks he's proved some point by claiming that AXA isn't technically a bank. But AXA is far worse than a mere "bank" or a mere "French multinational insurance company". AXA is one of the top-five "companies that control the world" - and now (some people think) AXA is in charge of paying for Bitcoin "development". A recent infographic published in the German Magazine "Die Zeit" showed that AXA is indeed the second-most-connected finance company in the world - right at the rotten "core" of the "fantasy fiat" financial system that runs our world today.
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/ So, let's get a few things straight here. "AXA" might not be a household name to many people. And Greg was "technically right" when he denied that AXA is a "bank" (which is basically the only kind of "right" that Greg ever is these days: "technically" :-) But AXA is one of the most powerful finance companies in the world. AXA was started as a French insurance company. And now it's a French multinational insurance company. But if you study up a bit on AXA, you'll see that they're not just any old "insurance" company. AXA has their fingers in just about everything around the world - including a certain team of toxic Bitcoin devs who are radically trying to change Bitcoin:
And ever since AXA started throwing tens of millions of dollars in filthy fantasy fiat at a certain toxic dev named Gregory Maxwell, CTO of Blockstream, suddenly he started saying that we can't have nice things like the gradually increasing blocksizes (and gradually increasing Bitcoin prices - which fortunately tend to increase proportional to the square of the blocksize because of Metcalfe's law :-) which were some of the main reasons most of us invested in Bitcoin in the first place. My, my, my - how some people have changed!
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
Previously, Greg Maxwell u/nullc (CTO of Blockstream), Adam Back u/adam3us (CEO of Blockstream), and u/theymos (owner of r\bitcoin) all said that bigger blocks would be fine. Now they prefer to risk splitting the community & the network, instead of upgrading to bigger blocks. What happened to them?
AXA would be exposed as bankrupt in a world dominated by a "counterparty-free" asset class like Bitcoin.
AXA pays Greg's salary - and Greg is one of the major forces who has been actively attempting to block Bitcoin's on-chain scaling - and there's no way getting around the fact that artificially small blocksizes do lead to artificially low prices.
AXA kinda reminds me of AIG If anyone here was paying attention when the cracks first started showing in the world fiat finance system around 2008, you may recall the name of another mega-insurance company, that was also one of the most connected finance companies in the world: AIG.
Falling Giant: A Case Study Of AIG What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG (NYSE:AIG) - a bailout of $85 billion. In exchange, the U.S. government received nearly 80% of the firm's equity. For decades, AIG was the world's biggest insurer, a company known around the world for providing protection for individuals, companies and others. But in September, the company would have gone under if it were not for government assistance.
Bernanke did say he believed an AIG failure would be "catastrophic," and that the heavy use of derivatives made the AIG problem potentially more explosive. An AIG failure, thanks to the firm's size and its vast web of trading partners, "would have triggered an intensification of the general run on international banking institutions," Bernanke said.
http://fortune.com/2010/09/02/why-the-fed-saved-aig-and-not-lehman/ Just like AIG, AXA is a "systemically important" finance company - one of the biggest insurance companies in the world. And (like all major banks and insurance firms), AXA is drowning in worthless debt and bets (derivatives). Most of AXA's balance sheet would go up in a puff of smoke if they actually did "mark-to-market" (ie, if they actually factored in the probability of the counterparties of their debts and bets actually coming through and paying AXA the full amount it says on the pretty little spreadsheets on everyone's computer screens). In other words: Like most giant banks and insurers, AXA has mainly debt and bets. They rely on counterparties to pay them - maybe, someday, if the whole system doesn't go tits-up by then. In other words: Like most giant banks and insurers, AXA does not hold the "private keys" to their so-called wealth :-) So, like most giant multinational banks and insurers who spend all their time playing with debts and bets, AXA has been teetering on the edge of the abyss since 2008 - held together by chewing gum and paper clips and the miracle of Quantitative Easing - and also by all the clever accounting tricks that instantly become possible when money can go from being a gleam in a banker's eye to a pixel on a screen with just a few keystrokes - that wonderful world of "fantasy fiat" where central bankers ninja-mine billions of dollars in worthless paper and pixels into existence every month - and then for some reason every other month they have to hold a special "emergency central bankers meeting" to deal with the latest financial crisis du jour which "nobody could have seen coming". AIG back in 2008 - much like AXA today - was another "systemically important" worldwide mega-insurance giant - with most of its net worth merely a pure fantasy on a spreadsheet and in a four-color annual report - glossing over the ugly reality that it's all based on toxic debts and derivatives which will never ever be paid off. Mega-banks Mega-insurers like AXA are addicted to the never-ending "fantasy fiat" being injected into the casino of musical chairs involving bets upon bets upon bets upon bets upon bets - counterparty against counterparty against counterparty against counterparty - going 'round and 'round on the big beautiful carroussel where everyone is waiting on the next guy to pay up - and meanwhile everyone's cooking their books and sweeping their losses "under the rug", offshore or onto the taxpayers or into special-purpose vehicles - while the central banks keep printing up a trillion more here and a trillion more there in worthless debt-backed paper and pixels - while entire nations slowly sink into the toxic financial sludge of ever-increasing upayable debt and lower productivity and higher inflation, dragging down everyone's economies, enslaving everyone to increasing worktime and decreasing paychecks and unaffordable healthcare and education, corrupting our institutions and our leaders, distorting our investment and "capital allocation" decisions, inflating housing and healthcare and education beyond everyone's reach - and sending people off to die in endless wars to prop up the deadly failing Saudi-American oil-for-arms Petrodollar ninja-mined currency cartel. In 2008, when the multinational insurance company AIG (along with their fellow gambling buddies at the multinational investment banks Bear Stearns and Lehmans) almost went down the drain due to all their toxic gambling debts, they also almost took the rest of the world with them. And that's when the "core" dev team working for the miners central banks (the Fed, ECB, BoE, BoJ - who all report to the "central bank of central banks" BIS in Basel) - started cranking up their mining rigs printing presses and keyboards and pixels to the max, unilaterally manipulating the "issuance schedule" of their shitcoins and flooding the world with tens of trillions in their worthless phoney fiat to save their sorry asses after all their toxic debts and bad bets. AXA is at the very rotten "core" of this system - like AIG, a "systemically important" (ie, "too big to fail") mega-gigantic multinational insurance company - a fantasy fiat finance firm quietly sitting at the rotten core of our current corrupt financial system, basically impacting everything and everybody on this planet. The "masters of the universe" from AXA are the people who go to Davos every year wining and dining on lobster and champagne - part of that elite circle that prints up endless money which they hand out to their friends while they continue to enslave everyone else - and then of course they always turn around and tell us we can't have nice things like roads and schools and healthcare because "austerity". (But somehow we always can have plenty of wars and prisons and climate change and terrorism because for some weird reason our "leaders" seem to love creating disasters.) The smart people at AXA are probably all having nightmares - and the smart people at all the other companies in that circle of "too-big-to-fail" "fantasy fiat finance firms" are probably also having nightmares - about the following very possible scenario: If Bitcoin succeeds, debt-and-derivatives-dependent financial "giants" like AXA will probably be exposed as having been bankrupt this entire time. All their debts and bets will be exposed as not being worth the paper and pixels they were printed on - and at that point, in a cryptocurrency world, the only real money in the world will be "counterparty-free" assets ie cryptocurrencies like Bitcoin - where all you need to hold is your own private keys - and you're not dependent on the next deadbeat debt-ridden fiat slave down the line coughing up to pay you. Some of those people at AXA and the rest of that mafia are probably quietly buying - sad that they missed out when Bitcoin was only $10 or $100 - but happy they can still get it for $1000 while Blockstream continues to suppress the price - and who knows, what the hell, they might as well throw some of that juicy "banker's bonus" into Bitcoin now just in case it really does go to $1 million a coin someday - which it could easily do with just 32MB blocks, and no modifications to the code (ie, no SegWit, no BU, no nuthin', just a slowly growing blocksize supporting a price growing roughly proportional to the square of the blocksize - like Bitcoin always actually did before the economically illiterate devs at Blockstream imposed their centrally planned blocksize on our previously decentralized system). Meanwhile, other people at AXA and other major finance firms might be taking a different tack: happy to see all the disinfo and discord being sown among the Bitcoin community like they've been doing since they were founded in late 2014 - buying out all the devs, dumbing down the community to the point where now even the CTO of Blockstream Greg Mawxell gets the whitepaper totally backwards. Maybe Core/Blockstream's failure-to-scale is a feature not a bug - for companies like AXA. After all, AXA - like most of the major banks in the Europe and the US - are now basically totally dependent on debt and derivatives to pretend they're not already bankrupt. Maybe Blockstream's dead-end road-map (written up by none other than Greg Maxwell), which has been slowly strangling Bitcoin for over two years now - and which could ultimately destroy Bitcoin via the poison pill of Core/Blockstream's SegWit trojan horse - maybe all this never-ending history of obstrution and foot-dragging and lying and failure from Blockstream is actually a feature and not a bug, as far as AXA and their banking buddies are concerned.
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.
"I'm angry about AXA scraping some counterfeit money out of their fraudulent empire to pay autistic lunatics millions of dollars to stall the biggest sociotechnological phenomenon since the internet and then blame me and people like me for being upset about it." ~ u/dresden_k
Bitcoin can go to 10,000 USD with 4 MB blocks, so it will go to 10,000 USD with 4 MB blocks. All the censorship & shilling on r\bitcoin & fantasy fiat from AXA can't stop that. BitcoinCORE might STALL at 1,000 USD and 1 MB blocks, but BITCOIN will SCALE to 10,000 USD and 4 MB blocks - and beyond
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
Greg Maxwell has now publicly confessed that he is engaging in deliberate market manipulation to artificially suppress Bitcoin adoption and price. He could be doing this so that he and his associates can continue to accumulate while the price is still low (1 BTC = $570, ie 1 USD can buy 1750 "bits")
Why did Blockstream CTO u/nullc Greg Maxwell risk being exposed as a fraud, by lying about basic math? He tried to convince people that Bitcoin does not obey Metcalfe's Law (claiming that Bitcoin price & volume are not correlated, when they obviously are). Why is this lie so precious to him?
https://www.reddit.com/btc/comments/57dsgz/why_did_blockstream_cto_unullc_greg_maxwell_risk/ I don't know how a so-called Bitcoin dev can sleep at night knowing he's getting paid by fucking AXA - a company that would probably go bankrupt if Bitcoin becomes a major world currency. Greg must have to go through some pretty complicated mental gymastics to justify in his mind what everyone else can see: he is a fucking sellout to one of the biggest fiat finance firms in the world - he's getting paid by (and defending) a company which would probably go bankrupt if Bitcoin ever achieved multi-trillion dollar market cap. Greg is literally getting paid by the second-most-connected "systemically important" (ie, "too big to fail") finance firm in the world - which will probably go bankrupt if Bitcoin were ever to assume its rightful place as a major currency with total market cap measured in the tens of trillions of dollars, destroying most of the toxic sludge of debt and derivatives keeping a bank financial giant like AXA afloat. And it may at first sound batshit crazy (until You Do The Math), but Bitcoin actually really could go to one-million-dollars-a-coin in the next 8 years or so - without SegWit or BU or anything else - simply by continuing with Satoshi's original 32MB built-in blocksize limit and continuing to let miners keep blocks as small as possible to satisfy demand while avoiding orphans - a power which they've had this whole friggin' time and which they've been managing very well thank you.
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/ Meanwhile Greg continues to work for Blockstream which is getting tens of millions of dollars from a company which would go bankrupt if Bitcoin were to actually scale on-chain to 32MB blocks and 1 million dollars per coin without all of Greg's meddling. So Greg continues to get paid by AXA, spreading his ignorance about economics and his lies about Bitcoin on these forums. In the end, who knows what Greg's motivations are, or AXA's motivations are. But one thing we do know is this: Satoshi didn't put Greg Maxwell or AXA in charge of deciding the blocksize. The tricky part to understand about "one CPU, one vote" is that it does not mean there is some "pre-existing set of rules" which the miners somehow "enforce" (despite all the times when you hear some Core idiot using words like "consensus layer" or "enforcing the rules"). The tricky part about really understanding Bitcoin is this: Hashpower doesn't just enforce the rules - hashpower makes the rules. And if you think about it, this makes sense. It's the only way Bitcoin actually could be decentralized. It's kinda subtle - and it might be hard for someone to understand if they've been a slave to centralized authorities their whole life - but when we say that Bitcoin is "decentralized" then what it means is: We all make the rules. Because if hashpower doesn't make the rules - then you'd be right back where you started from, with some idiot like Greg Maxwell "making the rules" - or some corrupt too-big-to-fail bank debt-and-derivative-backed "fantasy fiat financial firm" like AXA making the rules - by buying out a dev team and telling us that that dev team "makes the rules". But fortunately, Greg's opinions and ignorance and lies don't matter anymore. Miners are waking up to the fact that they've always controlled the blocksize - and they always will control the blocksize - and there isn't a single goddamn thing Greg Maxwell or Blockstream or AXA can do to stop them from changing it - whether the miners end up using BU or Classic or BitcoinEC or they patch the code themselves.
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
Core/Blockstream are now in the Kübler-Ross "Bargaining" phase - talking about "compromise". Sorry, but markets don't do "compromise". Markets do COMPETITION. Markets do winner-takes-all. The whitepaper doesn't talk about "compromise" - it says that 51% of the hashpower determines WHAT IS BITCOIN.
Clearing up Some Widespread Confusions about BU Core deliberately provides software with a blocksize policy pre-baked in. The ONLY thing BU-style software changes is that baking in. It refuses to bundle controversial blocksize policy in with the rest of the code it is offering. It unties the blocksize settings from the dev teams, so that you don't have to shop for both as a packaged unit. The idea is that you can now have Core software security without having to submit to Core blocksize policy. Running Core is like buying a Sony TV that only lets you watch Fox, because the other channels are locked away and you have to know how to solder a circuit board to see them. To change the channel, you as a layman would have to switch to a different TV made by some other manufacturer, who you may not think makes as reliable of TVs. This is because Sony believes people should only ever watch Fox "because there are dangerous channels out there" or "because since everyone needs to watch the same channel, it is our job to decide what that channel is." So the community is stuck with either watching Fox on their nice, reliable Sony TVs, or switching to all watching ABC on some more questionable TVs made by some new maker (like, in 2015 the XT team was the new maker and BIP101 was ABC). BU (and now Classic and BitcoinEC) shatters that whole bizarre paradigm. BU is a TV that lets you tune to any channel you want, at your own risk. The community is free to converge on any channel it wants to, and since everyone in this analogy wants to watch the same channel they will coordinate to find one.
Adjustable blocksize cap (ABC) is dangerous? The blocksize cap has always been user-adjustable. Core just has a really shitty inferface for it. What does it tell you that Core and its supporters are up in arms about a change that merely makes something more convenient for users and couldn't be prevented from happening anyway? Attacking the adjustable blocksize feature in BU and Classic as "dangerous" is a kind of trap, as it is an implicit admission that Bitcoin was being protected only by a small barrier of inconvenience, and a completely temporary one at that. If this was such a "danger" or such a vector for an "attack," how come we never heard about it before? Even if we accept the improbable premise that inconvenience is the great bastion holding Bitcoin together and the paternalistic premise that stakeholders need to be fed consensus using a spoon of inconvenience, we still must ask, who shall do the spoonfeeding? Core accepts these two amazing premises and further declares that Core alone shall be allowed to do the spoonfeeding. Or rather, if you really want to you can be spoonfed by other implementation clients like libbitcoin and btcd as long as they are all feeding you the same stances on controversial consensus settings as Core does. It is high time the community see central planning and abuse of power for what it is, and reject both:
Throw off central planning by removing petty "inconvenience walls" (such as baked-in, dev-recommended blocksize caps) that interfere with stakeholders coordinating choices amongst themselves on controversial matters ...
Make such abuse of power impossible by encouraging many competing implementations to grow and blossom
https://np.reddit.com/btc/comments/617gf9/adjustable_blocksize_cap_abc_is_dangerous_the/ So it's time for Blockstream CTO Greg Maxwell u/nullc to get over his delusions of grandeur - and to admit he's just another dev, with just another opinion. He also needs to look in the mirror and search his soul and confront the sad reality that he's basically turned into a sellout working for a shitty startup getting paid by the 5th (or 4th or 2nd) "most connected", "systemically important", "too-big-to-fail", debt-and-derivative-dependent multinational bank mega-insurance giant in the world AXA - a major fiat firm firm which is terrified of going bankrupt just like that other mega-insurnace firm AIG already almost did before the Fed rescued them in 2008 - a fiat finance firm which is probably very conflicted about Bitcoin, at the very least. Blockstream CTO Greg Maxwell is getting paid by the most systemically important bank mega-insurance giant in the world, sitting at the rotten "core" of the our civilization's corrupt, dying fiat cartel. Blockstream CTO Greg Maxwell is getting paid by a mega-bank mega-insurance company that will probably go bankrupt if and when Bitcoin ever gets a multi-trillion dollar market cap, which it can easily do with just 32MB blocks and no code changes at all from clueless meddling devs like him.
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