October 2017 - cypherpunks - lists.cpunks.org

Is a BTC - BCC flippening in the offing?
by Steven Schear 16 Nov '17

16 Nov '17

[Disclosure: I am a strong supporter of L1 (Blockchain scaling) occurring before any L2 (e.g., Segwit, Blockstream, Lightening Network, etc.) is attempted. And even then all L2 must be thoroughly examined not only for technical flaws but for possible misuses that affects the value and utility of the underlying blockchain assets.] Due to the economic and technical nature of Bitcoin and its blockchain its more than possible that the new fork, widely being called Bitcoin Cash, BCH or BCC, will overtake its rival fork now commonly called Bitcoin Core. The effect of this "flippening" could be nothing short of disastrous for those holding Bitcoin Core. Since the recent Bitcoin hard fork we now have two Bitcoins: Core (the original) and Cash. When the fork happened those holding BTC (in their own wallets) were also able to claim an equal amount of BCC (for free). This created a huge supply of BCC. However, many or most people rarely keep their BTC in their wallets, preferring instead to keep them in online exchange accounts. As a result, even though the exchanges warned people they needed to withdraw their BTC to claim the BCC, most of those people will never get that BCC. Instead it became a windfall for the exchanges. When the fork occurred the Cash chain inherited the then current difficulty factor of the original. When operating nominally both chains should have new blocks discovered by miners about every 10 minutes. Because at the outset the mining effort for Cash was only a small fraction of the Core's. the rate new blocks were found (and therefore the transaction capacity) initially was hobbled. This was anticipated and the developers included a means to detect when the hashing power on this Cash chain was too low and to quickly adjust, in 20% increments, the difficulty factor. By far the main driver for miners is revenue. In general they will go to whatever blockchain they earn the most. Analysis of the hash power being expended on both chains versus the difficulties and value of each coin showed that the two were converging insofar as mining profitability. There is also an anomalous aspect to the sources of the BCC mining power. Unlike that of BTC, where most of the hashing power is associated with known large mining cartels, the majority of BCC mining is by unknown parties.There has been significant variation of mining power over relatively short intervals on both blockchains. The timing of this variation very much indicates that the miners were attempting to beneficially manipulate both the value of BCC vs. BTC and quickly decrease the mining effort for BCC. BTC BCH TOT BTC BCH BTC BCH BTC ( Hash Power ) ( Difficulty) ( Block Time ) (mempool) 11 August 6600 338 6938 923 115 10.00 21 55 12 August 6199 416 6615 923 115 10.66 20 15 13 August 6808 440 7248 923 115 9.73 18.46 27 14 August 5951 522 6473 923 115 11.07 15.82 47 15 August 6966 647 7591 923 115 9.47 12.85 53 16 August 5984 484 6468 923 115 11.07 17.14 50 - Since 11 August Hash Power on the BCH chain has increased daily. - Hash power on BTC chain on the other hand fluctuates from day to day, by up to 1000 PH and the mempool continues to grow. The table above are snapshots taken at a point in time each day. Their individual states can be monitored in real time here <https://bitinfocharts.com/>*. Scroll down to the hash rate. BTC hash rate is down to 4853 PH. This is more than 2000 PH below the table above and the mempool <https://blockchain.info/charts> has now exceeded 65MB. A Death Chain Spiral may have set in but is being "managed". This large fluctuation of BTC hash rate could be the miners preventing difficulty from adjusting downwards, and at the same time growing the mempool. It is also possible that with over 1000 blocks to the next difficulty recalculation, we may not see another difficulty adjustment on BTC anytime soon. It is uncanny that we see very little discussion and debate at the very top. It is as though the NYA agreement have settled everything. However make no mistake. What seem calm belies what is happening in the background. Like a duck on the water paddling furiously underneath. Over at r/bitcoin talk seems to center around price and technology. Nothing about any negativity, usability or the growing mempool. Censorship of robust discussions is just downright deceitful. Especially if it is the de facto forum. It must quit being a propaganda organ. There will be consequences. The people around Segwit may be frantically on the phone, fax and email arguing and pleading with the miners. They can see the writing on the wall. Only 124 blocks were found in the last 24 hours. Block time have increased to 11 minutes and the mempool is in excess of 70MB. It is "too little too late". For many of the miners "Revenge is a dish best eaten cold". Steve

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[BOOK] Witness to our time - “Profiles in Trollage” - New Book Exposes Top Putin Apologists
by Zenaan Harkness 05 Nov '17

05 Nov '17

Phil Butler, American expat living in Russia, profiles quite a number of top Kremlin trolls and unabashed Putin groupies, from The Saker, to Pepe Escobar and plenty of others who at some point, courtesy the horrors perpetrated by the Anglo-Zionist regime in Washington USA, each had that moment where something finally clicked - one horrow show too many. "Truly, this book ... is about what makes us human in the best sense of the word: an unbreakable determination to resist Evil and Lies in all their manifestations." I'm looking forward to reading this book, and I hope it's as good as is suggested here: Profiles in Trollage - New Book Exposes Top Putin Apologists http://russia-insider.com/en/profiles-trollage-new-book-exposes-top-putin-a… Reminds me of that YouTube by Margarita Simonyan on RT's true inner workings a while back (now with subtitles for those who missed it): youtube-dl https://www.youtube.com/watch?v=y8V1Gg_favo --all-subs and of course the inimitable "RT and Wikileaks collusion explained": youtube-dl cc8hCUdfVfM Just remember - all whites are genetically racist. -- Proudski Kremlin Trollski, having flunked out of SnowFlake School CNN - Making the JQ Great Again WARNING: If you are White, do NOT be proud of yourself, for ANYthing! Sadly, all whites are genetically racist.

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COIN: How To
by byte.coin＠hushmail.com 03 Nov '17

03 Nov '17

I was gifted some altcoin by a friend to pay for drinks a while back and would like to exchange it for local fiat, it's ~$50. How do I do so? What is best, irl exchange, equal value purchase, bank transfer, or sudo bank transfer with something like bitpay? How do I deal with taxes? I am in the States. What suggestions and resources do you have to share? t. byte.coin

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Section 702 data gleaned via tor from US activists is fair game for da fedz
by g2s 02 Nov '17

02 Nov '17

"So Sessions can use 702 data collected BDS or BLM activists using Tor & declare it "related to national security." No judicial review." Emptywheel: https://twitter.com/emptywheel/status/922618904287072257

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Is it still good practice to reinstall everything after you are owned?
by Georgi Guninski 01 Nov '17

01 Nov '17

Is it still good practice to reinstall everything after you are owned? It used to be, but after reading about windows viruses I am not sure it is.

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Post Halloween Music In This Thread... :)
by grarpamp 01 Nov '17

01 Nov '17

Post Halloween Music In This Thread... :)

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Nothing To Hide: A Surveillance Thoughtumentary
by grarpamp 31 Oct '17

31 Oct '17

Trailer https://www.youtube.com/watch?v=xv3qSfKjCPI https://vimeo.com/185535526 Full Movie https://www.youtube.com/watch?v=M3mQu9YQesk https://vimeo.com/189016018 https://vimeo.com/nothingtohide Created by Marc Meillassoux In English, Spanish, French, German. A fine film, pass it on. https://www.kickstarter.com/projects/1587081065/nothing-to-hide-the-documen… https://www.facebook.com/Nothing-to-Hide-Documentary-Film-666963573432713 https://twitter.com/Nothin_to_Hide https://blogs.mediapart.fr/nothing-hide-documentaire https://nothingtohidedoc.wordpress.com/ https://leetchi.com/c/project-nothing-to-hide This documentary questions the growing, puzzling and passive public acceptance of massive corporate and governmental incursions into individual and group privacy and rights. If you think you have "nothing to hide", you are at the right place. We are convinced this film is about everyone. Meeting at events in Berlin, we decided to team up and tackle what is often left out in the surveillance debate. Whereas many post-Snowden reports focus on technical or more abstract aspects of Big Data, we expose its sociological impact, something we all struggle to understand going about our daily lives. The NOTHING TO HIDE argument has not yet been investigated. Ignoring this question does not allow us to answer another: What kind of society are we building for ourselves and future generations? What does it say about us and our societies when we embrace the NOTHING TO HIDE justification? Learn to fly...! Related... https://www.reddit.com/r/privacy/search?q=nothing+to+hide

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We Think The Price Of Cryptocurrency Is Worth It
by grarpamp 31 Oct '17

31 Oct '17

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Post Halloween Music In This Thread... :)
by We Bite 31 Oct '17

31 Oct '17

> grarpamp grarpamp at gmail.com > Mon Oct 30 15:44:22 PDT 2017 > > post music > you first > For fuck's sake, emptyhandedanon. Roky Erickson - Night Of The Vampire: youtube.com/watch?v=eEpRcVMyuOY wikipedia.org/wiki/Roky_Erickson Happy Halloween [pic related], Jewracula

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Re: jimbellproject.org is looking for volunteers
by jim bell 31 Oct '17

31 Oct '17

From: Volunteer <getalookatmyf(a)cock.email> > jim bell jdb10987 at yahoo.com > Fri Oct 13 05:42:04 PDT 2017 > >> eliminate taxes >> tax bitcoin owners >> gibs me 1/1000th >Lol. What a libertarian. >Sounds more like a tyrannical king. >Gibs me 1/1000 nights with your wife. You have a very vague objection. Nevertheless, I will address it. Freedom is not free. Like other products, it costs money, and a person who offers the possibility of it is not responsible for the lack of it. For instance, the local grocery store doesn't make me hungry, though it sells products to relieve my hunger. Walmart sells tens of thousands of products, but it doesn't make me need any of them. Do you already resent product-sellers who offer products that you need or like to have? If not, why not? I'd like to offer people freedom. Ideally it wouldn't cost anything, but that's not possible now. 22 years ago, I invented/discovered my AP concept, and since then virtually nobody has argued that if properly implemented, it won't work. The cost, in principle, would be exceedingly low. For instance, it looks like the new Defense budget for America will be over $700 billion. AP could easily protect the region formerly known as "The United States" for less than 1/100 that. ($7 billion could kill 700 threatening world leaders, and each of their successors, if the cost to kill one is $10 million. Are you willing to dispute this? Very likely, the actual problem is that you are a Statist. A Statist is a person who wants government, or believes in government. Maybe not all governments, but at least one government. He believes in government, probably in large part, because he thinks he will be (or already is) in charge: Jim Bell

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