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ArrayBoy Yesterday

Someone needs to tell him about Nano!

/s

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Eislemike Gold | QC: BTC 25, CC 16 | r/Investing 11 Yesterday

Jesus there is so much salt in This sub.

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ILikeToSayHi 4 hs ago

every 2 years noobs get cleansed then the comments in the sub are replaced by fresh alt bag boys

3

1Tim1_15 Platinum | QC: CC 182 Yesterday

itsn't it odd that the coin which lifts all ships gets so much salt? But if you want some upvotes, just say something good about ETH. That's really what this sub is.

6

Bigchrome Yesterday

Confirmed: Republican's next insider trade will be Bitcoin

1

FailedPhdCandidate Yesterday

They’ll just steal the bitcoin from all of us “legally”

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daemoncluster Yesterday

they did it with gold ~100 years ago

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mollooo Yesterday

Just keeps getting stronger...

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milkonyourmustache Yesterday

Hate/dislike Pomp but I do appreciate the work he puts in to spreading the word, he has a vested interest in doing so, we all do, but he really is helping to simplify the message and reach a broader audience.

Once the average person can quickly understand BTC, and the user experience advances significantly we'll get the mother of all surges in adoption.

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BenjiKor Redditor for 3 months. 3 hs ago

just curious what your reason for hate/disliking pomp? genuinely curious.

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fadetoblack123 Yesterday

Wide spread adoption will never ever happen with bitcoin or any other crypto currency. 2 reasons why. 1. Government. The US government is literally printing money as we speak. They will never ever give up on the US Fiat currency ever. As long as we have a government we will always have a fiat currency. 2. Wall Street. The day bitcoin became listed and Wall Street got their hands on it was the nail in the coffin for any viable main stream adoption. Sad buT true.

0

Robby16 Platinum | QC: CC 322, BTC 32 Yesterday

Ur new to being smart, you’ll learn.

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cheese4brains Yesterday

You don't actually give reasons, just "Government and Wall Street." Are you really saying government printing money is bad for bitcoin? This sub never ceases to amaze me.

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subwoofage Yesterday

Says a guy with big hodlings?

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Miffers Yesterday

I wondered what Satoshi was thinking once the blockchain was first compiled.....

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DaBears2DaShip Tin Yesterday

This is great, adoption is coming guys!

0

tranceology3 Silver | QC: BTC 474, CC 277, ETH 57 | TRX 400 | T Yesterday

This is great ~~adoption~~ my investment will go up. People couldn't care less for adoption if it was a stable coin.

0

SuperJew113 Yesterday

My dad was a strsight up G-man from the 70s and 80s. And his deal was strong moral fiber and character, minimalist corruption, ethical effective, responsible efficient government.

I told him if the US Government had been saturated with and ran by men like him for the past 40 years, I wouldn't balk at the US dollar and reserve currency status, US bonds and the FED. Becauss if it's ran sound and good, not too corrupt (there's always been corruption to varying degrees, today it's excessively bad), to me, that's the main backer for a Fiat currency that's not backed say gold/silver perhaps.

But that's not what happened. The government is being destroyed from the inside, the Treasury raided. The foxes have been given the keys to the hen house. Now I need some kind asset that performance as an asset class is actually relatively divorced from say the US going belly up in some manner.

And he agrees. He says our government especially in the past 40 years has increasingly been ran poorly, more partisanship, division, feelings on matters of public policy outweighs facts and the truth.

This is a country firmly in decline. And that's why he was skeptical of a cryptocurrency purchasing I was making, but even he says, an old school g-man/Vietnam Veteran horn rimmed glasses, a mind towards public service, and a haircut you could set your watch to (see D-Fens from Falling Down) he's like ok...yes this shit show is gonna get worse before it gets better.

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zenrvn 8 hs ago

Has been *run*. Ftfy

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BitcoinMorpheus Yesterday

Love this! Pops sounds like a boss

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SuperJew113 Yesterday

You need it to attain a GS-13 pay rate in a not Washington DC city. He was had at times 30 employees under him. GS-13 same payrate as Lieutenant-Colonel in the Army, on the civilian side, and for a non-Federal Jobs hub that's a bit impressive. There was a really smart GS-15 above him made him look like a dumbass, he said he was the smartest man he'd ever met. I guess this is the purported "Deep State" and those who hate government and don't want government to function, they hate there are career driven meritocracy smart employees of the government who really don't need to be reelected who do what they can to make sure the government works politicians be damned. I'm flawed. A lot of people might tell you, they don't like me. But almost everyone has liked Dad. And Dad taught me this "government is the problem" shit is bunk. When you got smart, ethical, well ran, not corrupt, means tested, competent government working on and fixing a problem (for example he was on the Corp. Of Engineers during the 1993 Flood, the worst flood in the US in a full blown century) it's one of the most beautiful things you've ever seen. It works and it works beautifully, and for certain functions of government, privatization arguments are bullshit, private industry can't outperform, in some situations government service is vastly superior to Private industry profit. I think the old man is saddened to watch the country get dismantled from the inside. Back in the day he get up at 4am, leave at 5am, show up close to 6am on the commute...he'd get home around 5pm. And he looked like D-FENS quite a bit haha.

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manic_schoolbus 9 hs ago

I use to work a GS position, and it really is people like your dad taking the job seriously who's keeping all of this from falling into anarchy. There are quite a few just doing it for the steady pay and benefits counting days until they can retire and collect a pension check, but the ones who are passionate about it and do things strictly by the book really stand out among them.

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Yorn2 Yesterday

Well, the problem is that the "Deep State" of the 70s and 80s was so much more different than the Deep State of the 00s and 10s. There was once a time when the great threat to our national security was the stability of the dollar and the men who served in the 70s and 80s and had dealt with the turblence in the 60s and early 70s leading up to the closing of the gold window knew that. This country went war crazy after 9-11 when we were previously so rational about how Vietnam and the war economy affected us. We need a return to the kind of sound money advocates that practically ran the FBI and CIA in the 70s and 80s and did actual gumshoe-like detective work instead of playing multiplayer spreadsheets in the financial realm and letting bankers go free for funding black market drug lords. We also probably need to see pot legalized nationwide and the drug laws changed into less of a war and more of a medial response. That's probably a harder pill for former G-men to swallow, but a necessary change I'd argue regardless. Any good analysis of what makes the cartels and such so strong is the fact that the black market money resides entirely in the hands of transport operations, and transport requires real estate, resulting in gun violence to protect both.

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SuperJew113 Yesterday

You make good points. As the son of a proud Half-Life level G-Man, the G-Men often (Obviously not always) aren't the ones setting the policy, they're the one's enacting the policy as acting heads of government organizations with employees below them. And there are corrupt outside influences that are destructive against the America people having a functioning government in favor of a short term thinking privatized profit, that emphasizes am extremely privatized greed over service to the American people. It really saddens the old man. Government can be beautiful, he basically says don't hate government in and of itself, hate corrupt bad government, but not simply the mere concept of government. As the old man points out, take Mogidishu, you might have 10, 15 tribal warlords running thar stateless society. Or some, take Colombia, the cities are under one governing entity, the country side is under another, in a low intensity (but also very lethal) long term conflict. His point is, no where you go short of Bir Tawil, where there are groups of humans, there governments in some shape or another...even HOA's. So if you express loyalty to one or another, bare minimum everyone should like good government, and that line "the government that governs best, governs least" that's straight up bullshit, it's a nice sounding, focus group means tested sloganeering that effrctively tells people to dislike ethical well ran government to the advantage extreme corporate power and unaccountable private wealth. And yes...definitely legalize drugs. You're right, he was last in the family to finally get behind that, the results of criminalizing it is obviously far worse than any purported evils of these drugs he at long last had to admit, product of his times. I think you'd like my dad, he's got a solid head on his shoulders beyond imo 90% of people, he moved up the ranks because of his outsized competence.

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CommercialTouch9 Yesterday

Hopefully Bitcoin will gain more political support as the monetary policy by goverments becomes more controversial

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Newmovement69 Tin Yesterday

Printer goes BRRRR..

8

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simplelifestyle Yesterday

Nice, he is in a good position to help Bitcoin:

Congressman Tom Emmer was sworn in for his first term in the U.S. House of Representatives on January 6, 2015. He is currently serving his third term.

Tom was recently elected by his fellow Republican colleagues to join the House GOP Leadership team as the Chairman of the National Republican Congressional Committee for the 116th Congress. Currently, he sits on the House Financial Services Committee. He is also a member of the Republican Deputy Whip Team and the House Republican Steering Committee.

Born in 1961, Tom grew up in Minnesota and attended St. Thomas Academy. He received his BA in Political Science from the University of Alaska-Fairbanks and his JD from William Mitchell College of Law.

After practicing law for several years, he opened his own law firm. The next 20 years were spent balancing family, business, coaching hockey, and serving on the city councils in Independence and Delano.

Before coming to Congress, he served in the Minnesota House of Representatives from 2004-2008.

He and his wife Jacquie have been married over 30 years and have seven children. They reside in Delano.

https://emmer.house.gov/biography

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NickMize7 Yesterday

Just listened to pomp’s podcast with Tom very insightful. I hope more congressman learn the values of blockchain so we can create a better financial future for the world. https://m.youtube.com/watch?v=vxz1HFWWkPg

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ArtigoQ Yesterday

Oh they will dont worry. Just as soon as their financial advisors secure them a long position.

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diydude2 Yesterday

I want to donate to this guy's campaign.

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Mesozoic-66 redditor for 2 weeks Yesterday

But more Bitcoin instead.

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RammerRod Yesterday

Why not both?

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p1hk4L 8 hs ago

Are multiple wallets better/safer than just one for long term storage

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sonyalyynn redditor for 3 weeks 5 hs ago

better to have a secured private key. Wallets don't necessarily have to be much

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diydude2 Yesterday

I don't understand people who complain about "usability." What's so hard about hitting the big "SEND" button in your wallet and pasting/scanning in the address where you want it to go? It's a lot easier to use than a credit card, IMO.

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whitslack Yesterday

Those same (types of) people complained about the usability of email when they were first adjusting to it. ("You mean I have to remember all this '@' gibberish? Not usable!") Anyway, Bitcoin is going to continue to get easier to use. My prediction: tap-to-pay wallet cards are going to be the application that breaks the usability barrier. (Tap your wallet card once to see the proposed amount on the card's integrated e-ink display. Hold down a capacitive button while tapping the card again to pay the previously proposed amount. The card provides the necessary cryptographic signature to the payment terminal during the button-held tap.)

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MustardCube Yesterday

The major usability issue I see is backing up the keys and transaction times

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bradley_cohen redditor for 1 week 11 hs ago

Especially backing up a lightning channel. I'm not even sure if that's possible in the same way a regular wallet can be backed up.

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AaronVanWirdum Yesterday

I agree, but maybe read the article for details?

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bitusher Yesterday

Time to make another donation to HRF with lightning -

https://hrf.org/donate-bitcoin/

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Shaffle Yesterday

I don't see a way to donate with lightning on their page?

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bitusher Yesterday

yikes , i just donated with lightning not too long ago , looks like they just disabled that in btcpay , i wonder why as it will get them less donations

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Shaffle Yesterday

not sure. I had to use a service to convert lighting back to BTC. Getting BTC into a lightning wallet is really easy, but getting it back out is kind of a pain in the ass

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whitslack Yesterday

It was on a separate page before, wasn't it? Hard to find.

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bitusher Yesterday

no , with btcpay you toggle with a drop down list between paymt methods top right

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Big_Gay_Bears redditor for 5 weeks Yesterday

Good point but finding a way to scale transactions safely is more important.

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bitusher Yesterday

We already have found these solutions from eltoo, lightning, sidechains, and statechains. We just need this technology to mature , especially with UX which means this grant is perfect

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notimeformorons redditor for 2 months Yesterday

Usability (in the US) isn’t going to matter until the tax code is fixed. If every single purchase made with Bitcoin is considered a taxable event, keeping track of and properly reporting your transactions is going to be a barrier that users are not able or willing to overcome.

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asap-bitcoin redditor for 6 weeks 7 hs ago

If a law is unjust you are obligated to break it.

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Annihilia Yesterday

This is a separate issue and there's very little skillset /resource overlap. Usability improvements can be worked on in parallel with policy-focused folks doing their thing.

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Gracket_Material Yesterday

Sch bullshit. I don't get a tax write off for my losses on my USD from year to year, but I have to pay tax if I use a currency that just happened to go up compared to the shitcoin that is the dollar

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whitslack Yesterday

> I have to pay tax if I use a currency that just happened to go up compared to the shitcoin that is the dollar It's so much worse than that. You have to pay a tax when the shitcoin dollar *loses value* to inflation. (Inflation makes the dollar-denominated prices of everything rise, and the government charges you capital gains tax on that nominal rise.)

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Gracket_Material 9 hs ago

Thats what I mean by losses. The 20$ I earned last year is worth like $18 now

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notimeformorons redditor for 2 months Yesterday

I laughed at the absurdity of it, unfortunately it’s true!

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Crypt0JAy Yesterday

What about cash transactions with food vendors? I don't see them taxing me with my 6 tacos and bottle of squirt.

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whitslack Yesterday

Cash is not subject to capital gains tax, as it's the medium of exchange in which gains are calculated. (Your capital gains on cash are always exactly zero.)

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Crypt0JAy Yesterday

Okay thats why I asked. Thank you. So when interest is accrues is when they tax it ?

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whitslack Yesterday

At least under U.S. tax code, interest is taxed as ordinary income in the year in which it was paid. That differs from capital gains, which are taxed in the year in which they are realized. You realize a capital gain (or loss) every time you sell an asset, including bitcoin, even if you're selling it for something other than cash. For instance, if you sell your bitcoins for six tacos and a bottle of Squirt, you're realizing a capital gain (or loss) on those bitcoins, and that will be taxable. It sucks and isn't how Bitcoin sensibly ought to be treated, but that's currently the way it is.

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Crypt0JAy Yesterday

So I "realize" when using coinbase as a means of exchange for fiat? Everytime I file my taxes I dont mention anything of digital assets. How can they "get me" ? My BTC can be on a cold wallet for all they care. I just feel confident in avoiding all this. If so, am I doing something illegal potentially?

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whitslack 11 hs ago

When you sell bitcoins for fiat on Coinbase, that is a taxable event that the IRS claims you are legally obligated to report to them. Coinbase may report it to them as well. Only sales are taxable, not purchases.

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Crypt0JAy 4 hs ago

I often sell XRP , a cryptocurrency if you are familiar with it. Paypal seems like they would rat. Perhaps it is unwise to discuss openly in a public forum. Why? I have no intention of reporting that on my taxes fiscal year 2020.

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whitslack 3 hs ago

PayPal will send a Form 1099-K to the IRS on your behalf if you exceed certain transaction thresholds in any calendar year.

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Crypt0JAy 3 hs ago

Understood

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maybeitsjustu 11 hs ago

Moving and holding to a different wallet is not taxable. Selling or trading bitcoin for something else is taxable. The latest IRS forms ask only if you sold or traded away bitcoin. If you are holding you owe nothing.

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Crypt0JAy 4 hs ago

Very good. I shall hodl and stay put. Thank you for the information friend.

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notimeformorons redditor for 2 months Yesterday

Umm... sales tax...

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Crypt0JAy Yesterday

They don't. Thats my point.

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bitusher Yesterday

This is by design , governments want to decrease usability of Bitcoin. Rather than a futile petition they change this policy I believe a more effective approach would be to focus on privacy, liquidity and UX in DEXs like BISQ, and other areas of UX.

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Hyetigran Yesterday

Will there ever be privacy on the layer 1?

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bitusher 11 hs ago

Privacy is never absolute but a spectrum , Bitcoin already has many privacy improvements onchain. Payjoin transactions just came on within btcpay and taproot is on its way. To elaborate on the balance of tradeoffs with privacy - I would rather have higher degrees of privacy working on other layers like lightning, or sidechains(liquid CT) or wallets (Wasabi) than the base layer because: 1) The auditability of inflation and the 21 million limit is critical. All complex privacy crypto solutions may have undetectable bugs that lead to very difficult to detect inflation. With Bitcoin everyone can easily audit the chain. With certain privacy coins like monero their inflation resistance relies faith in the future of ECC security which might need to be upgraded in the future thus casting serious doubts on an inflation bug existing undetected. 2) It is important to give users the option of transparency and audibility onchain, at least for accounts they choose to expose. 3) In the future privacy coins will be the first to be banned and liquidity is super critical. There are good reasons why most DNM txs are still using BTC It is far more likely they outlaw or restrict privacy coins (because they choose to market themselves as a privacy coin onchain instead of just giving users the option of privacy on wallets and other layers) as you can see here https://archive.is/ZMAbo >"Secretary of State Pompeo seems to confirm that the cryptocurrencies the federal government is watching most closely are privacy coins. If so, Monero (XMR), Zcash (ZEC), and others may soon be in some hot water if they are not banned altogether." 4) privacy tech like ring signatures, CT, and zk-snarks has huge scalability tradeoffs and much higher resource demands leading to more centralization and greater inefficiencies. 5) Schnorr/MAST incentives most wallets to coinjoin because coinjoin txs become cheaper than regular onchain transactions and lightning is designed to be extremely private from the get go. There is still an option to have transparency and give the allusion to regulators that they can track coins onchain however. 6) Coinjoin with a wallet is private enough, Look at what an employee of leading coinanalytics company says about coinjoin - Read this - https://removeddit.com/r/Bitcoin/comments/c4so58/i_am_a_current_or_former_employee_of_chainalysis/ >Initially, the difficulty was standard mixers (still are) but now I would say Wassabi is enemy number one. **There is no way to de-anonymize it, and I don't see how the government can legally take Wassabi down, so it will probably persist.** Put it this way, if everyone used Wassabi, Chainalysis would go out of business. note , this was anonymous leak so no way to verify comment came from actual former employee. 7) Here is a presentation on how Taproot can allow for UTXOs with untraceable swaps and indistinguishable payment channels. Taproot allows privacy txs to share the same anonymity set as regular onchain transactions thus eliminates the concerns with everyone forced to opt into a privacy Bitcoin wallet to have a larger anonymity set. https://youtu.be/TYkIyUaRG0s?t=7592 8) Privacy is a complex topic that has many nuances. Many privacy coins have lower tx fees(Bitcoin has lower tx fees on other layers) than Bitcoin onchain(mainly because they are hardly used and have low value) . Lower onchain tx fees can lead to the risk of very inexpensive attacks to deanonymize users as well. Bitcoin being designed where onchain fees will grow to cover the cost on security (and as explained privacy) and inexpensive txs occur on other layers(that are very private like lightning which is multihop and onion routed by default which makes coin analytics practically impossible) is the better balanced solution IMHO. 9) 9) payjoin is a new way to become very private onchain and reduce the UTXO set while doing so , its already in btcpay https://blockstream.com/2020/04/16/en-bitcoin-privacy-improves-with-btcpay-servers-p2ep-implementation/

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Bitcoin_to_da_Moon 2 hs ago

ty

1

almkglor 8 hs ago

> Schnorr/MAST incentives most wallets to coinjoin because coinjoin txs become cheaper than regular onchain transactions and lightning is designed to be extremely private from the get go. This is a common but ***untrue*** claim. What makes CoinJoin cheaper will be cross-input signature aggregation. While Schnorr allows signature aggregation, cross-input signature aggregation was ***removed*** from the Taproot proposal (Schnorr+MAST+Taproot) in order to streamline it. Thus it will ***not*** benefit CoinJoin at all. And "cheaper than regular onchain transactions" is wrong as well. CoinJoins havemore inputs, and those inputs still have the same size of 32 bytes of txid plus 4 bytes of vout, whereas a "regular" onchain transaction would normally have just one or two inputs most of the time. CoinJoin will still remain larger! The only difference is that with cross-input sigagg the CoinJoins will be smaller than pre-cross-input-sigagg CoinJoins, but a regulare transaction that uses cross-input sigagg itself will be smaller than a CoinJoin with cross-input sigagg. >Coinjoin with a wallet is private enough There have been reports of exchanges locking accounts or not accepting incoming funds if they detect it as coming from an equal-valued CoinJoin, because equal-valued CoinJoins are low-hanging fruit and are easily detectable as such onchain. CoinSwap and PayJoin are much harder to filter. > payjoin is a new way to become very private onchain As you note, privacy is a nuanced topic. Payjoin assumes that the payer is someone the payee trust with the payee's privacy data --- it reveals a coin the payee unambiguously owns to the payer. So there is a privacy tradeoff here: the payee is revealing a secret to the payer in order to get privacy from everyone else onchain. In addition, payjoin is cheap, but it "only" gets a small amount of privacy, as the anonymity set is tiny (2: the payer and payee) at the advantage of steganography (chain analysis has to figure out it's a payjoin in the first place).

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Hyetigran 10 hs ago

Thanks for the in depth breakdown. I didn't know there was that much going on. I guess it makes sense that privacy onchain isn't without its tradeoffs.

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bitusher 10 hs ago

Everything we do has tradeoffs, some more than others. Other privacy improvements being developed are Dandelion https://github.com/bitcoin/bips/blob/master/bip-0156.mediawiki but that was rejected and I still need to research why

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notimeformorons redditor for 2 months Yesterday

I totally agree.

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Helix1123 5 hs ago

Is there some instructions lying around for how to set up my own client? I have minimal programming skills but want to support Eth.

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LavoP 4 hs ago

/r/ethstaker

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sneakpeekbot 4 hs ago

Here's a sneak peek of /r/ethstaker using the [top posts](https://np.reddit.com/r/ethstaker/top/?sort=top&t=year) of the year! \#1: [A comprehensive look at hardware for staking.](https://np.reddit.com/r/ethstaker/comments/ggmbvd/a_comprehensive_look_at_hardware_for_staking/) \#2: [8 Things Every Eth2 Validator Should Know Before Staking](https://medium.com/chainsafe-systems/8-things-every-eth2-validator-should-know-before-staking-94df41701487) | [56 comments](https://np.reddit.com/r/ethstaker/comments/gqy2uj/8_things_every_eth2_validator_should_know_before/) \#3: [Announcing the Ethereum 2 Phase 0 Multiclient Testnet (Medalla) Launch Viewing](https://np.reddit.com/r/ethstaker/comments/i18ju5/announcing_the_ethereum_2_phase_0_multiclient/) ---- ^^I'm ^^a ^^bot, ^^beep ^^boop ^^| ^^Downvote ^^to ^^remove ^^| [^^Contact ^^me](https://www.reddit.com/message/compose/?to=sneakpeekbot) ^^| [^^Info](https://np.reddit.com/r/sneakpeekbot/) ^^| [^^Opt-out](https://np.reddit.com/r/sneakpeekbot/comments/fpi5i6/blacklist_vii/)

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Helix1123 4 hs ago

You are a champion. Will read through these post. Thanks again

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STILL_DETOX 9 hs ago

how much do we need for main net?

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mrabino1 4 hs ago

same launch requirements as this testnet.

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inomshokumotsu Yesterday

As someone who is testing staking, this was a REALLY rough launch. Most of the clients weren't ready until hours before launch (and most of them are still not fully functional) and because of that only 55-60% of validators are actually running. It's good that it didn't fail, but it was very rocky.

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Phonethic 11 hs ago

Luckily the protocol has resilience build in against this scenario. Unluckily, it might take 2 to 3 weeks before offline validators get kicked out. I suppose when real money ^^^^eth is at stake, we will have a higher participation rate.

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teabagsOnFire 3 hs ago

I'm one of the many that setup late and would act different with real money to gain/lose.

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NoltyFR Yesterday

it was more than 66% for the chain to work.

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inomshokumotsu Yesterday

It was below that for the first hour and it looks like it is about to drop back below that Edit: why the downvotes? There's a chart linked below that backs up what I said.

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Helloooboyyyyy 6 hs ago

Bagholders want to avoid reality and live in lala land

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Davlucmac 9 hs ago

Where can one see a live count on validators?

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jsmoke00 9 hs ago

beaconcha.in

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shiba_son_of_doge 9 hs ago

https://beaconcha.in/epochs Last epochs show roughly 80% of validators are active.

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coolfarmer Yesterday

I find this really nice, as a programmer I love when things work not like I tought. This is how a software can get better. 0 bug for a thing like ETH2 could be very scary.

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Kike328 10 hs ago

One thing is to fix bugs which appears on the testnet and other different thing is to have the clients not prepared and do everything in a rush

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torfbolt 4 hs ago

The p2p networking between clients started only 48h before genesis, at which point some bugs became apparent that had to be fixed.

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ascendantlogic Yesterday

Yep, this is exactly why they run extended testnets

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SuddenMind 8 hs ago

Seemed to me like all the client teams tried to squeeze a bunch of client updates right before Medalla genesis. Does anyone have a good reason for why this would be done?

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Stobie 58 mins ago

Because it could be the last chance to test any changes you make in a real massive genesis. Assuming this is the last testnet there's no more chances to test other than simulating something similar which will never be the same as real conditions with thousands of nodes spaced all over the world and random latency, user error etc.

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torfbolt 4 hs ago

Because there were bugs that had to be fixed

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coolfarmer Yesterday

Extended testnet? Medalla is the first multi-clients testnet for the beaconchain, no?

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Kike328 10 hs ago

No, Altona was also muticlient

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ascendantlogic Yesterday

Yes and it’ll run for a few months.

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ofkarma Yesterday

If ya ain’t first ur last

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invaderdropship Yesterday

moon?

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SmilesQuietly 11 hs ago

No, sorry. We’re going to Mars.

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snowdrone 11 hs ago

yes

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Nabugu 4 days ago

Just to inform you newcomers in crypto, there have been dozens (yes, DOZENS) of these same exact “decentralized crypto helping science” projects since 2016-2017. Every single one have failed and filled the definition of a scam, with value of the coin going to zero within months. You can always say “well not this one”, but the stats are not on your side. If the value of the coin is central to the future of the project, it’s a red flag. You can do open research without crypto.

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iamquoted 3 days ago

This is very interesting to me. Could you tell me about some of the other dozen projects that tried this and failed? I happen to be working on an open research platform (currently without crypto) called AsOne ([https://asone.ai](https://asone.ai)), and I want to know more about the pitfalls of a cryptocurrency-backed approach.

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joycesticks 2 days ago

Here’s a website dedicated to keeping tabs on the blockchain projects attempting to solve problems in science: https://www.blockchainforscience.com/ While personally I don’t agree with u/Nabugu’s perspective, it is definitely representative of how many people (especially in science) feel about the ICO bubble of 2017. I don’t remember many of the projects that raised significant funding via a token sale pertaining to science though. In many respects, the blockchain industry as a whole has matured significantly since 2017. Back then, projects were raising 10s of millions of dollars simply with a landing page and white paper. A lot of people participated in these sales solely for their “get rich quick” potential. Now the space has more intelligent investors, and established security regulations to help police the lower quality projects. Anyway, your website looks pretty neat - just signed up ;). Thanks for sharing it!

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iamquoted 2 days ago

Thanks for all the information and for signing up to AsOne! I started AsOne to be like “Reddit for research”, and since ResearchHub is like “GitHub for research”, I kind of see the two as sister websites. :) I‘m rooting for ResearchHub and hope we can help each other flourish!

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Nabugu 3 days ago

To sum it up, those crypto “projects” that end up being scams usually amounts to becoming a printing press for a coin that you will sell to people (an ICO), giving them the prospect that “once the project will gain steam”, the coin will be worth more (because people will need to use it to participate in the project). Therefore, speculation can entice them to buy the coin. Sometimes, there is pump, and then most surely a dump of the price, and nobody gives a fuck anymore, and your reputation is ruined because of this scammy outcome. Those scams had their golden age in 2017 (and not just for science, for everything you could think of). But I guess people forget, or just didn’t know at the time so here we are again.

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iamquoted 3 days ago

It seems ResearchCoin isn’t doing an ICO, though? From the third page of their whitepaper: “These coins will be distributed solely as rewards for contributions on the ResearchHub platform. ResearchHub Inc. will not be hosting an initial token sale of RSC.” It doesn’t seem to match the pattern of a pump-and-dump scheme, at least.

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CryptoMods Bronze 4 days ago

Thank you for submitting to /r/CryptoCurrency,

Your post has been removed because there are already 2 posts about this coin on the front page.

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Cullyn 4 days ago

The scientific record is too important to be hidden behind paywalls and in ivory towers. Science should be open; not only for reading, but also for reusing.

ResearchCoin ($RSC) is the incentive within the ResearchHub network designed to encourage open participation in the scientific community.

After over a year of development, ResearchHub is proud to announce that ResearchCoin has officially been launched onto the Ethereum Mainnet!

Check out the white paper on Researchhub!

1

Cullyn 4 days ago

The scientific record is too important to be hidden behind paywalls and in ivory towers. Science should be open; not only for reading, but also for reusing.

ResearchCoin ($RSC) is the incentive within the ResearchHub network designed to encourage open participation in the scientific community.

After over a year of development, ResearchHub is proud to announce that ResearchCoin has officially been launched onto the Ethereum Mainnet!

Check out the white paper on Researchhub!

1

AutoModerator 4 days ago

Ethereum(ETH) Basic Info: Website - r/Ethereum - Abstract - History - Exchanges - Wallets

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1

Cullyn 4 days ago

The scientific record is too important to be hidden behind paywalls and in ivory towers. Science should be open; not only for reading, but also for reusing.

ResearchCoin ($RSC) is the incentive within the ResearchHub network designed to encourage open participation in the scientific community.

After over a year of development, ResearchHub is proud to announce that ResearchCoin has officially been launched onto the Ethereum Mainnet!

Check out the white paper on Researchhub!

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uvizhe 3 days ago

Hi, How is it different from Orvium, for example?

2

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willdocrazyobs4btc redditor for 5 weeks Yesterday

Why does this have only 59 upvotes??? u/statoshi done already fourth round of metal storage tests and gets less upvotes than some kid cheering about bitcoin price going up/down one hundred bucks?

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willdocrazyobs4btc redditor for 5 weeks 1 day ago

Great work as always!

I've made my own safu.ninja storage and it's awesome. I've also labeled each tile with number as the creator have here - https://safu.ninja/wp-content/uploads/2020/06/safu1-scaled.jpg

One word per side of each tile too, same as you're suggesting with a couple extra ones to shield the sides. All marine stainless steel. It was a bit fiddly to stamp the words but definitely doable.

Also, if you keep the tiles tight (using spanners), the pressure test wouldn't damage the bolt at all, IMO.

As I said, great work and thank you for including a DIY solution among the commercial ones. Your blog is awesome and I always spent hours on it. Thanks a bunch!

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maxcoiner 1 day ago

Stamping those little washers sounds like a recipe to send washers flying. Is this something you can realistically do without a vice grip or shop? (i.e. is it apartment friendly?)

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willdocrazyobs4btc redditor for 5 weeks Yesterday

You don't need a vice. All you need is a solid metal base under the tile/washer and a metal hammer. Hit it hard! It'll fly only if you hit your hand. The hammer will too, right after. Don't forget to stamp the number too. One word each side of the washer, plus one blank washer at both ends of the bolt to protect the stamped tiles.

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BubblegumTitanium 2 days ago

!lntip 100

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lntipbot 2 days ago

Hi u/BubblegumTitanium, thanks for tipping u/statoshi **100** satoshis! *** *[^(More info)](https://www.reddit.com/r/lntipbot/wiki/index) ^| [^(Balance)](https://www.reddit.com/message/compose/?to=lntipbot&subject=balance&message=!balance) ^| [^(Deposit)](https://www.reddit.com/message/compose/?to=lntipbot&subject=deposit&message=!deposit 10000) ^| [^(Withdraw)](https://www.reddit.com/message/compose/?to=lntipbot&subject=withdraw&message=!withdraw put_invoice_here) ^| ^(Something wrong? Have a question?) [^(Send me a message)](https://www.reddit.com/message/compose/?to=drmoore718)*

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BubblegumTitanium 2 days ago

Hey /u/statoshi great write up I always enjoy reading these.

One problem I have with this methodology is the corrosion benchmark.

It’s good in the sense that it compares the products to each other in a fair and quick method but it doesn’t actually tell you how each product would perform in different scenarios.

If a certain product passes the acid dip someone might think that the product would fare well at the bottom of a deep lake with still water. Which is also different to getting rained on then dried, over and over for many years. Which is also different to being in the beach where there is salt water.

The mechanism for corrosion that occurs is different depending on the circumstances, I’m sure a bitcoiner such as yourself can appreciate the nuance that occurs.

The cypher wheel and the safu product look cool but there would be water buildup in between the pieces with no drainage so the water would lose oxygen and that can create some gnarly corrosion depending on the situation even if it’s stainless steel.

Also the safu might actually be different metals (washers+bolt+nut) which can create an electric potential between them that exacerbates a particular corrosion mechanism. One way to avoid that is to put plastic (in marine applications nylon is often used) separators between the bolt and the washers and in between the washers. The load that is applied on the nut might also cause corrosion in different ways.

It may or may not be a problem depending on the situation and if there is corrosion it may or may not end up destroying the information that you’re trying to preserve.

I don’t want to freak anybody out but it can be a problem if you’re planning to store these for 20 years in a place where it can get wet. I also don’t want to make it seem like I think this is invalid, it just doesn’t tell the full story with regards to corrosion (and I’m not sure that OP meant to try to do that anyways).

To add some credibility to my statement I have a degree in materials science and engineering and have worked in the marine industry doing product testing. I can say that some environments are very unforgiving in unexpected ways.

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tlztlz 2 days ago

Thank you!

For the rest of the world who don't know how much 2000 Fahrenheit is, here I googled it for you:

1093.333 degrees celsius

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Skreech2011 2 days ago

Okay, I don't know shit about Bitcoin. Why would you need these products? What's the purpose?

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statoshi 2 days ago

https://jlopp.github.io/metal-bitcoin-storage-reviews/why

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Secret_Operative redditor for 2 weeks 2 days ago

When you create a bitcoin wallet, you can make a 12 or 24 word recovery seed. There is a standard, BIP-39, that draws from a ~~1024~~ 2048 word list where all of the words are unique for the first four characters. The entire standard is open source, well documented, and easy to implement. Practical use includes if you lost your bitcoin wallet and wanted to restore it, you just re-make the new wallet using your 24 word seed.

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Skreech2011 2 days ago

Huh, well all right. So it's literally a string of words used for recovery of your wallet if you were to lose access to it? So, then, why not use a password manager or something like that to keep track of your seed rather than a physical medium? Or is the physical medium for security purposes?

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Secret_Operative redditor for 2 weeks 2 days ago

> why not use a password manager or something like that to keep track of your seed rather than a physical medium? Great question. It's more secure. You should never enter your wallet seed into any electronic device like a phone, TV, computer, laptop, tablet etc. It could be someone is monitoring your device, or has hacked it, or will hack it in the future. You can't hack a steel plate.

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Skreech2011 2 days ago

Wow. Well all right. Crypto currency is wild, man.

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jcoinner 2 days ago

The main thing here is being fireproof. You can write your seed words on paper and that's fine as long as you don't have a house/office fire. This gives that extra bit of protection.

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statoshi 2 days ago

It's a bad idea to keep sensitive material such as this on an internet-connected device. Doing so opens you up to a wide variety of attack vectors.

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heggen 2 days ago

This is great information. Never thought about it that this small letter plates could fall apart out of the slots on heavy stress. So this kind of wallet is not a solution for me

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rapierce0238 2 days ago

All great info, I would love to see a video series on each one.

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bitusher 2 days ago

!lntip 10000

Excellent round of testing !

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lntipbot 2 days ago

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ughdf 2 days ago

Interesting. Keep up the good work.

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YeOldDoc 3 days ago

This is a cozy bedtime fairy tale to tell newbies, but it is also incorrect. With the exception of support by Core developers, there wasn't any majority support of UASF in any group:

0% of hashrate supported UASF
~5% of economic actors supported UASF
~13% of full nodes supported UASF
~50% of Core devs favoured a UASF

Node count is inherently flawed as a measure to gauge "user" support: Bitcoin XT had similar node shares as UASF once. Bitcoin Classic has had larger shares than UASF once. Bitcoin ABC had once a share twice as high as UASF.

Yet node count for UASF is often treated as "the will of the users" while the others are treated as sybil attack.

It should also be noted that UASF was originally not aimed at users, but at economic actors (businesses accepting Bitcoin, exchanges, wallets, ...). From the UASF FAQ:

if the economic majority agree to run code that rejects non-signalling segwit blocks.[...] If a large part of the economic majority publicly say that they will adopt this new client, miners will have to signal bip9 segwit activation in order for their blocks to be valid.

Especially noteworthy is that the UASF FAQ explicitly warned

that users do not update [to UASF] unless an economic majority commits. [...] BIP148 requires support from the economic majority, particularly exchanges and wallets.

But UASF failed to secure significant support from businesses which started signing the NYA instead, which claimed to represent the economic majority that UASF aimed for:

58 companies, including 14 exchanges
5 billion USD of monthly transaction
80% of hashing power
20 million bitcoin wallets

At this point UASF had no hashrate (0%), only minuscule support from economic actors (5%) and very few nodes (2%).

Then the UASF propaganda was kicked into overdrive:

Companies are now bad for Bitcoin because they collude in "backroom deals" and prepare "corporate overtake" of Bitcoin (note that this happened in an atmosphere where miners and Core devs continued to fail to produce a viable solution)
UASF is now not only about activating Segwit but taking a stance against evil companies
The economic majority is now about running "full nodes" instead of companies/exchanges/wallets.
Sudden increase of UASF node counts and hats. So. many. hats.

UASF node count continued to rise but never exceeded 13%. Many suspected those nodes to be either fake or run in the cloud. People cite "almost 15%" as a clear sign of a significant "grassroot movement". In comparison, Bitcoin Classic and ABC had 34% and 27% at their highest peak. (Note that all of them had significant amounts of instances run on cloud VMs).

The only metric in which UASF gained any significant support from any group at all at any point in time was support by Core developers: ~50% were in favour of UASF while all of them were against S2X.

In the end, UASF's goal was achieved (i.e. SegWit activation without blocksize increase) despite its activation (BIP148) having no effect (BIP91 locked in SegWit before). (You have to ask miners if the threat of UASF or the S2X bribe was the driving force.) This led people to become UASF supporters "in hindsight":

Wearing a UASF hat then meant: "I support threatening a minority chain split in order to force activation of SegWit."

Wearing a UASF hat now means: "I support Core. Also: Users should have more say than 'companies' in the strategic development of Bitcoin".

It is difficult to assess the UASF support in numbers at that time, especially with regard to the number of people supporting UASF without running a corresponding node.

But it is important to note that UASF did not have any significant support on any known metric and no majority in any metric at any time during the "blocksize war".

This creates a difficult situation for UASF supporters which claim that UASF is the one and only cause for Segwit activation:

Either

a minority of users with
a minority of nodes and
a minority of economic actors and
a minority of hashrate

or

50% of Core developers

is sufficient to significantly alter Bitcoin's future against the wishes of the community.

The easiest escape from this dilemma is doing what the linked article does: Claiming that UASF had overwhelming user support, but the numbers simply don't support that. It's just a lie to make users feel in control.

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funnybitcreator 3 days ago

lol. Great release name!

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BlammyWhammy 4 days ago

Is this multi-part payment just paving the way for automatic Atomic Multipath Payments (AMP) or are those happening now?

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almkglor 4 days ago

Multi-part payment is what the "base" variant of "Atomic Multipath Payments" is called now. So yes, we are getting AMP, it's called MPP now.

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sumBTC 4 days ago

v0.9.0: Rat Poison Squared on Steroids

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funnybitcreator 3 days ago

Best release name ever.

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pox435 4 days ago

!lntip 200

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NimbleBodhi 4 days ago

Thanks!

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lntipbot 4 days ago

Hi u/pox435, thanks for tipping u/NimbleBodhi **200** satoshis! *** *[^(More info)](https://www.reddit.com/r/lntipbot/wiki/index) ^| [^(Balance)](https://www.reddit.com/message/compose/?to=lntipbot&subject=balance&message=!balance) ^| [^(Deposit)](https://www.reddit.com/message/compose/?to=lntipbot&subject=deposit&message=!deposit 10000) ^| [^(Withdraw)](https://www.reddit.com/message/compose/?to=lntipbot&subject=withdraw&message=!withdraw put_invoice_here) ^| ^(Something wrong? Have a question?) [^(Send me a message)](https://www.reddit.com/message/compose/?to=drmoore718)*

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Cryptoguruboss 4 days ago

Yuge?

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BubblegumTitanium 3 days ago

Yes. This with a coldcard in hsm mode, a properly configured OS, and good physical security is actually pretty damn solid. I think you can still get dossed as per what the protocol allows but very hard to steal utxos.

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MrRGnome 4 days ago

Does any other lightning node expose a PSBT signing interface?

I think I'm going to install c-lightning and play with this.

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WeirdHovercraft 4 days ago

lnd has it as well. https://github.com/lightningnetwork/lnd/blob/master/docs/psbt.md !lntip 11

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lntipbot 4 days ago

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BeDream 3 days ago

I find it very suspicious. The owner of coinbase was a big initial investor which probably helped cause the crash earlier this week by selling his coins suddenly announces that the coin "maybe" listed on Coinbase.

Sounds to me that someone didn't manage to dump all their coins in time and is looking for another pump.

If he didn't dump his coins this week, surely he'd be furious with the Ampleforth team for allowing team members to dump. If that were the case he'd never let Ampl on Coinbase.

Ampl was doing serious amounts of trading the weeks before the recent crash. I find this timing very suspicious

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rosewoods 3 days ago

Fuck yeah RSR.

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cryptosubs 4 days ago

Fuckin add VET already!

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evanviera 4 days ago

Lol, no comments. Give up on your scam

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Zaytion 4 days ago

Not really clear what you are getting at. Don’t see anything interesting or relevant to Cardano.

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GrilledCheezzy 4 days ago

Cardano was announced for exploring to be added on July, 13 2018. At the bottom it lists those links to those announcement that are still exploring which they’ve never had in one of these exploration announcements. Ada is the only token on that list from that announcement they have yet to add. Those are the dots i connected from that though it’s kind of loose.

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Zaytion 4 days ago

Yeah, no one was going to go to the article and realize they have to click that link without you explaining. Yes it is correct it was announced for exploring back then. And it says they "may still be exploring" not that they are. But enough about that, we know they will offer it once Cardano is decentralized. If you are concerned that they may not, I don't know what to tell you.

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GrilledCheezzy 4 days ago

First mention of Cardano at all in two years so I got excited. I also didn’t know how else to explain it bc a picture of the area wouldn’t have done much to explain either. Oh well. To me it’s almost adding it in there just to cover themselves when they eventually post that they’re doing it just before hand so they don’t get accused of manipulation again but I realize I’m reading into this a lot as well.

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Zaytion 4 days ago

I see. That makes sense. I wasn’t thinking about but from that perspective. Keep researching. We need curious people in this community. :)

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Ornery-Tale-5596 4 days ago

Still confused ?!?!?!

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neowenyuan27 4 days ago

A well-timed news, well played.

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tarpmaster 4 days ago

Meh...

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dcwj 4 days ago

Amazing news!

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Crptnobank 4 days ago

HUGE HUGE HUGE NEWS!!!

Can you guys count the ways?

This is a big step forward to have future use as a Stable Coin. Brian Armstrong, the CEO of Coinbase, is a private investor in AMPL. He understands the market and knows how much this (type of) coin can mean to the market.
Being on Coinbase will really help draw eyes to many people. Hopefully with the million of USD AMPL raised by selling AMPL tokens, they can also use a bit to get on Binance.
Connections - Brian is big in the Crypto industry (connection wise) and now a bit in charge of speeding up the AMPL growth.
...

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m99polo 4 days ago

Anybody that can figure out how to use coinbase can figure out how to use an ethereum wallet complete stupidity will pump and dump it further even if it makes coinbase

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furezasan 4 days ago

Dude price skyrocketed within minutes of this blog post.

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ThePassivePsychopath 4 days ago

Lol "if" it makes Coinbase. As if the CEO of Coinbase isn't backing this project, smdh. Normies barely understand what crypto is, so having a mainstream and user-friendly UI is definitely positive news.

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3nraged 4 days ago

not sure I follow you...could you explain a bit further?

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ThePassivePsychopath 4 days ago

You can't follow what they said because you're likely a logical person trying to follow the illogical statement they made.

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3nraged 4 days ago

Well..it was like a broken sentence...so I had a hard time following what they were saying.

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ThePassivePsychopath 4 days ago

That just adds to it lol. Not only is the content of what they said dumb but they can't even form a proper sentence.

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3nraged 4 days ago

lol

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m99polo 4 days ago

Dumb fuck listen adding it to coinbase is just prolonging the dumping from the 80% holders check this transaction before speaking like you know something 12 million dollars transferred to a wallet then sold off from the ecofund system the same time as dump i doubt that money went into "benefiting the project" 0xa6af956421cbded103bf0d77c937bf3ac7bfaea73967f0ce9ac769caa3fa2120

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ThePassivePsychopath 3 days ago

Totally bro, the CEO of Coinbase would purposely ruin his reputation over a quick buck on a scam coin. There's no other explanation other than that. Totally. Can't believe I wasn't taking financial advice from you earlier lmao.

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Henry2k Gold | QC: BTC 37 | r/Android 14 4 days ago

A veritable smorgasbord of shitcoins.

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nanomind 4 days ago

Well that is a surprise ;)

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Lifeofahero 4 days ago

Helium’s recent investors includes USV, an early Coinbase investor.

No surprise there. Glad to see it 🚀

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Prestigious_Fall Redditor for more than 1 year 4 days ago

*NOTE* This does not imply they are no longer considering other coins previously mentioned. (Like our VeBaby)

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BuyETHorDAI Redditor for 6 months. 4 days ago

What happened to coinbase only adding decentralized cryptos?

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janus8888 4 days ago

Huge news for any of those high quality assets that were listed.

Noticed a few of them already taking off in price in reaction to the Coinbase announcement.

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SpontaneousDream 4 days ago

Lol what? “High quality assets”...really? The majority are literally all speculative shitcoins. Coinbase knows this because they know in a bull market that retail likes to speculate on coins they think can get them rich quick.

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janus8888 4 days ago

Thanks for your expert insight.

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SpontaneousDream 4 days ago

Then go prove me wrong

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monjo_io Redditor for 5 months. 4 days ago

What’s the point of announcing assets that might be listed, except fueling rumors ?

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271akul 4 days ago

Pumping their bags, so they can dump.

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DutchDolt Gold | QC: CC 125 | NEO 9 4 days ago

Go Reserve Rights! (RSR)

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David182nd Platinum | QC: CC 129 4 days ago

Coinbase stacking up on their shitcoins in hope of a bullrun

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FuckingPrawns Silver | QC: CC 199 | NANO 98 | r/WebDev 41 4 days ago

And Coinbase's decline continues...

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QiTriX Gold | QC: XMR 31 4 days ago

Wow! Look at all those quality projects!

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milkproofrobot0x 4 days ago

Including AMPL , while everyone on twitter is calling it a scam without having read the whitepaper and economics and seeing that it is acting how it's supposed to :)

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bryanwag Silver | QC: CC 209, PRL 17 | NANO 638 4 days ago

Ampleforth wants to be a stable coin but it can never be stable. Because it AMPLifies greed and fear cycle. During positive rebase, holders are incentivized to hold as long as possible to get the compounded growth while all trying to time selling before everyone else does. So the growth is unsustainable and crash is always spectacular. Even if it finally gets to the price target, it only takes a few buyers or sellers to go into another mini bull or bear cycle anytime. The only thing holding it from completely crashing right now is the geyser which is just the team paying people to hold AMPL and is not gonna last. It’s not a complete scam but it’s not going to achieve what the team claimed either. If it’s not stable, it’s not gonna be a useful DeFi primitive. Hence it has nothing to do with DeFi. The team knows that and they still managed to sell a false story to most people to ride the DeFi hype train. Those who read the whitepaper but don’t think for themselves all believe it’s genius. But in fact it’s simply a social experiment like BOMB or FOMO3D with no value beyond entertainment and gambling. Coinbase considering it is nothing but showing again that Coinbase doesn’t care about their integrity. They are a mafia and projects with connections and money but no fundamentals can get a listing.

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Guy-Lambo 4 days ago

Yeah, when I first told my friend about it, he immediately called it a bitconnect ponzi without even reading into it and proceeded to have a debate with me asking me how 10% rebases are reasonable (he assumed it was guaranteed). Is it a pump n dump? Potentially. Is it a scam? Very unlikely given the team and investors. I just moved a good portion of my ETH into it today. See you on the moon.

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Michael__X 4 days ago

Ponzi FUD spreaders in shambles

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Crptnobank 4 days ago

Makes me wonder though, how often are they assistants for big money in the know. Great news and I called this a few times yesterday. :-). (Because Brian Armstrong who is an early investor is the Coinbase CEO.)

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TNGSystems Platinum | QC: CC 208, ADA 30 | TRX 6 | r/pcgaming 4 days ago

Well, Shelley is live and thus Cardano has true decentralization. Right now there are over 400 staking pools in operation, which makes Cardano one of the most decentralized platform out, so I would expect to see Cardano listed in a short timeframe.

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DarthVarn Redditor for 2 months. 4 days ago

Am surprised it wasn't on this list..

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QiTriX Gold | QC: XMR 31 4 days ago

Sorry bro. Coinbase only wants shitcoins that can be pumped&dumped.

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FatBulkExpanse 4 days ago

That outta do the trick!

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INTJ-consultant 4 days ago

Indeed :D "These new assets include, in alphabetical order: Ampleforth, Band Protocol, Balancer..."

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sqrby 4 days ago

Smart to choose a name that starts with 'A', first mentioned

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ThePassivePsychopath 4 days ago

I also thought it was a smart choice to have the ticker symbol AMPL since it's so close to AAPL.

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