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Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: stephanlivera

MEDIOCRE

you could actually do a decent rule one just on that single sentence. It's not actually economics, but psych studies have shown that humans often take an action first and then come up with the justification for why they did a few seconds later. AKA, not all actions are purposeful. Some are instinctual and many 'purposes' are created post-hoc.

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DPoS is a technocracy.

"Arbitration" is what BPs do and cannot stop doing.

BPs have power and they have humans in them.

Therefore, BPs cannot pretend they don't have power to correct whatever wrongs they can perceive as wrongs.

BPs can delegate their actual power to other humans, e.g. "ECAF", to "decide" what the BPs should do.

There is no such thing as "Opt-In Arbitration." The "Arbitration" is the presence of human administrators who can and will always be able to intervene in the system.

Those humans are there. THEY are the "base layer" and they cannot be removed. And due to human ethics, they cannot just say "I'm going to exempt myself from acting when it can be shown that I could have intervened and helped another person."

Thus you cannot by definition "turn off arbitration in the base layer."

It's there. You can pretend it's not there, but that's a different thing.

If you want to pretend sysadmin human power is not present and available in EOS, you can merely run a referendum asking BPs to turn off ECAF, and ask them to not ever in any circumstance freeze accounts or revert transactions or reset keys "unless someone opts in" or whatever.

And then you have the additional problem of BPs who will be ethically forced to disregard such "decisions" anyway, because they cannot cease to be human.

+1

Makes a convincing case.

+1000 for opt-in arbitration

On the plus side, at least this should mean 2019 will be a better year than 2018 for crypto investors...

Bakkt in 18 months ^(TM)

Probably got liquidated.

Jesus. Baakt going to be launching dem $100 bitcoins in January

Bakkt up eh

I'll be honest, I'd be surprised if it even went live in January 2019. They have a bunch of really tough problems to solve between now and then. Bureaucratic red tape and insurance compliance is no joke -- yet, Bakkt is going to need to comply with all of it. But once it goes live, I expect a stampede into crypto. (Note, however, that I've been expecting the stampede since $1,200/eth. So, yeah.)

The dumping on this news already happened i’m afraid.

Ultra rekt.

Rekkt

The reason: https://www.cryptoglobe.com/latest/2018/11/bakkt-ceo-why-launch-of-our-bitcoin-futures-contract-has-been-postponed-to-24-january-2019/

Or never if the manipulation keeps being this strong.

It’s probably a ploy to push the price down more for their clients.

Sellllll..../s

How can something be cancelled and postponed?

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Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: B5SF

Let the dump begin! As expected!

Well that sucks

This is huge! :)

Stay positive? Couldn't be more positive at this point...

That is the wrong approach I guess, since it still relies on the Oracle to provide accurate data

IMO, the Oracle must also be a blockchain that no one can fake. Take that flight delay for example, there must be multiple users giving feedback that the flight is cancelled, just like we see in multiple friends' twitter messages, so that we get good confirmation about the reality. That kind of authenticity is much stronger than the information from the airline company, which typically is either delayed or incorrect

"ChainLink mentioned"

The entire article is about ChainLink lmao

Chainlink is not a startup and Sergey is not its CEO. Chainlink is an open source project. People don't do their research before writing the post.

This could get some good exposure for Link

They just tweeted it to their 850k followers: https://twitter.com/techreview/status/1064608279547052032

https://twitter.com/techreview/status/1064608279547052032

Don't worry I am already dead (for the time being only on the inside)

Got here before the brigading. Nice.

MMOMMY NOOOOOOOOO AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Ctrl + F “Chainlink”

8 results

HOLY SHIT THIS IS IT CHIEF

Emergent govenance = how to make everyone feel involved with no responsibility to achieve anything.

There's a research paper which uses empirical evidence from the financial cryptography conference in 2018. They use data from GitHub to see which chains are really "decentralised" and governed. Egalitarian Society or Benevolent Dictatorship? The State of Cryptocurrency Governance

Sarah Azouvi, Mary Maller, and Sarah Meiklejohn

The Fifth Workshop on Bitcoin and Blockchain Research

3 Reasons for the crypto collapse @JohnMTB/3-reasons-for-the-crypto-collapse-d96391d03628">https://medium.com/@JohnMTB/3-reasons-for-the-crypto-collapse-d96391d03628

Don’t read this. It’s nonsense.

triple that and it might be close. Under 20K for the Dow. 5Kish for the Nasdaq.

OR, it may not.

I don't see any real support until 18,500

that's what happens when democrats gain control of any body of government, investors get scared of potential regulations

This is good for bitcoin.

"Dow plunges after Dems win House, could fall more"

DrUMpF!!!!

Not sure why anyone is surprised. I (and plenty of others) have literally been waiting for this market correction for a while. I thought it was going to happen later, not now.

Yay, so glad the GOP decided Trump was a good idea!

What's been their track record?

Crashin' the market to own the libs.

Yes start a trade war, sign no new trade agreements (TPP), Give corporations and the wealthy a huge tax break and have peoples wages not rising. Who actually thought this wouldn't happen? Worse part is China, Australia, and Germany are slowing down also. This collapse will be taught in schools of what not to do for the rest of human existence.

This isn't a hard crash, it is a bleed-out crash.

Certainly it is troubling, the market has basically flatlined for the entire year going up then down, up then down. It's fun at a theme park, but not when you're trying g to build a retirement account.

I can hear Trump now: "It's Obama's fault ... and don't forget crooked Hillary."
And the 30% will buy it completely. And the GOP in the Congress and the Senate will pretend to.

Thanks, Trump.

self induced bubble is gonna pop.

"How's your 401k?" - Donald J. Trump

Holy shit. The Dow dropped to just above 25,000 yesterday and wiped out all of 2018 growth. At opening this morning it immediately dropped another 500.

Trump said it's the dems fault

It's been long overdue. It was falsely inflated.

Hmm almost like campaign finance benefits the rich. Who knew!

Let me understand:

$1.2 Trillion tax cut added to deficit was used to buy back stocks. Value of stocks is evaporating. We the people still owe $1.2 Trillion.

Did I miss something?

The trade war with China is the No. 1 concern among CFOs in the fourth quarter.

I have to hand it to Trump — it took ‘Dubya a whole 7 years to wreck the economy with deregulation, lack of oversight, and unnecessary tax cuts for the rich. Trump really took it to the next level with his trade war. He’s going to destroy a robust U.S. economy in 3-4 years.

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I wish I were smart enough to understand their post. Makes my head hurt! >_<

brilliant news. Much more to come off this.

An incredible project, and an amazing technical team. (An astounding legal team as well, haha)

Interstellar means business. I can’t wait to learn what else they’ve been working on.

"Spacesuit" - love it.

phuck man.. InterStellar is becoming more and more fintech with every news release. IMO this is great for what they want to achieve.

Cloak, which builds directly on top of these Bulletproofs constraint system proofs is simply a game changer for enterprise block chain.

This is where the Chain merger is paying it's dues. Bravo 👏

"Our implementation performs the Fiat-Shamir transform using Merlin transcripts to generate such challenges."

Love Interstellar but can someone...ELI'm a human

Some of this stuff goes over my head like a damn rocket ship.

I haven't had my coffee yet but I think these means that we now have zero knowledge proofs and private transactions on Stellar.

If so then this is awesome news as we have been encountering some scenarios where this type of functionality is preferred for certain use cases in the mainstream world especially when federation is enabled.

my head hurts!

Not really a fan of this kind of "omg, the deficit" kind of scaremongering.

Some of us were sounding the alarm about patents from the beginning. Many of your open source and free software heroes who built the infrastructure you are using today have been sounding this alarm since before Bitcoin existed - since before some of us were born.

In particular /u/deadalnix commented a long, long time ago that the ways nChain was proposing to use their patents did not meet the open source and free software definitions, and that this was IMPORTANT, not just some idealistic crusade.

Imagine when your entire business model is being Craig Wright's bitch?

RemindMe! 6 months

Will they be more broke if they get sued by CSW, or if SV goes to $0?

HandCash is a nice looking wallet. Glad to be able to use it for SV. I'll keep Bitcoin.com for ABC.

I have the solution!

Well if they have a business deal with nChain then a deal is a deal. I respect that. At least he's honest.

"Keeping Bitcoin legal": 100% BSV narrative to allow blacklisting and censorship.

Thus you see why patents are cancer.

Called it. Extra, Apagut answered to my post and we had a little chat. Enjoy:

https://www.reddit.com/r/btc/comments/9xzsb0/warning_to_bch_community/ea1hw1a/?context=3

What a fantastic idea to build products that use nChain patents..

https://twitter.com/nilspn/status/1064497089432965123

Will you look at that. *Another* company that never really believed in "Nakamoto Consensus" or "hashpower" to begin with, and was just pretending they did because they incorrectly believed that their side would win. And when their side lost, we learned that they never really cared about those ideals to begin with.

The patents say they need to be used on the Bitcoin Cash blockchain , what's the problem?

If there is enough interest the community should just release an open source competitor to everything you do

the thing is... everyone here seems to twist the tone of this. It is not that they feel their siding with SV is incorrect... or forced. this simply says the technology is not worth giving up. because thats a choice of theirs as well....

Can someone advice on the easiest way to get my BCH out of Handcash?

Ryan (Money Button) gave this same reason for his choice to back SV.

Well, that was expected. They are 100% funded by nChain after all.

Any SV supporter now please convince me that this is better than permissionless innovation.

What does handcash have that other wallets don't?

I'm furiously trying to import my private keys into a different wallet...kind of useless to have coins in a wallet that is allying with a useless alt

If they hadn't received money from nChain they wouldn't be building on SV. So, money was the motivating factor. Kind of amazing they ignore the fact that the chain they're building on is a dead ghost town.

The unified coin proposal that many services (including ours) decided to follow has not worked as expected - hence the errors you might have experienced when sending and receiving transactions in the vast majority of the ecosystem.

No fucking way! The ABC cultists couldn't be right! \s

In all seriousness a ton of people here called this out. It was obvious from the start.

The pro-ABC ruleset side did not work in a predictable and reliable manner during this upgrade period, making all of our efforts for containing the split in the short term futile.

Trying to shift the blame on someone else instead of their own lack of foresight and ability to listen to others.

Honest Hash

Like renting hash from nicehash?

HashWar is not over yet: It could take weeks or months, but based on hashpower and economic incentives, the SV ruleset is most probably going to be the imposed ruleset for BCH in the end, and we do not wish to change chains again. There is no technical indicator that points to another possible result.

Like the case with your "unified coin" eh?

We are building and plan to build incredible tools and apps for our customers, and these patents give us a huge competitive advantage.

Like what? A competitive advantage to steal their coins either through centralized handles routes or by having 2/3 SSSS parts?

We don’t care about the ticker and never did - we just want a reliable and stable network that scales - but we are very focused on simplicity and having different coins is not an option.

That's fair. Too bad you chose the network that actively discard scaling benefits.

The Bitcoin SV side is more aligned with us in terms of global adoption, keeping Bitcoin legal and innovating on top of the protocol - not messing with it and causing splits again and again.

Everything that's possible on the ABC chain is possible on SV. Including all illegal stuff.

You also can't scale without "messing with the protocol".

That at least sounds like an honest explanation.

im genuinely wondering which of CSW's patents he thinks is so valuable. I have yet to see one that is even useful for something.

These companies are all having control over the current centralised system. They should be forced eventually to jump in to decentralised system.

..and regret it now?