"This shouldn’t even be a public debate. It’s like the public debating and voting on the graphite reactors that prevent a nuclear reactor from overheating and melting down. There are certain things you should let the engineers decide." – Nick Szabo (reddi

Taken from the Tim Ferris Podcast interview with Nick Szabo and Naval Ravikant. Audio Version Transcript Tim Ferris: Nick, what are the biggest misconceptions or common misunderstandings related to cryptocurrency or Bitcoin? If there’s anything where you’re like “God, this drives me nuts. If I hear…

Bitcoin

A question for NYA supporters : Software from Garzik is still not ready or it’s hidden from github ….why would you trust a fork like this?

BTC1 Github's page has stopped being active Fork is in 2 weeks and the community has not seen anything ready for Alpha yet

I can understand supporters of NYA agreement being still convinced a S2X is needed but how can you think a fork like this, meant with NO REPLAY protection, can be deployed safely without any vetting from hundreds or even thousands of people before? I am aware that probably NYA Signers recieved their "preview" of the code, but how can people in the bitcoin comunity be ok with closed Source developing and eventually going open source so late that vetting source code is impossible?

submitted by /u/SpellfireIT
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Bitcoin

Before we go any further, I’d like to say one thing: $10,000 is the moon.

Do you know how far away $ 10,000 looked? It's easy to forget. I got into Bitcoin in 2011. I started the San Francisco Bitcoin Meetup. The first meeting was six of us at a bar, not sure how crazy we were. The price that year went from $ 1 to $ 30 — wow! And then it crashed to $ 3, and many people wondered if it would continue on to zero. The whole time, at that first meeting and later ones, the main line of thought, as far as price goes, was: "Bitcoins are probably worth nothing. But if this does become a thing, they'll be worth a lot." And $ 10,000, specifically that number, was as high as anybody dared to dream. That was the number where you'd propose it with a laugh, and then everyone would look away, embarrassed but dreamy-eyed. So please let me tell you, $ 10,000 is the moon.

When I started the meetup, I just wanted to meet anyone who had even heard of Bitcoin. Of course there were online discussions, but I was so profoundly excited about this thing, and no one I knew in real life had heard of it (except my friends who I was relentlessly badgering). That's a weird place to be. Especially since today, almost everyone has heard of Bitcoin. So I meet up with these guys and I got to experience that shared excitement in person. I understood how members of an esoteric cult must feel. We strongly believed something — that Bitcoin might be part of the future — that almost nobody outside of that room believed. I was only pretty sure we weren't crazy.

The second meetup was already bigger, and incredibly inspiring. My hope going in was that some people would get together to start a new project because of the meetup, but it became clear that that wasn't going to happen — everyone was already working on something. Besides talking about our projects, there was debate about the usual subjects: what's next for Bitcoin? What's it most useful for? What'll it look like in a year? No one was out to prove anything, everyone was hoping to discover something. Many people came through those first few meetings: the original founder of MtGox, the ExchB founders (remember?), the TradeHill founders, the future founder of Coinbase, a bitcoinj author, and more. I say this only with the hopes that it gives me some scrap of authority, not as a leader, but simply as someone who was there, who was present for the early narrative. No one was imagining past $ 10,000. So, to me, $ 10,000 is the moon.

And ok, there's a technical question of whether we mean $ 10,000/BTC, or $ 10,000 when you add BTC + BCH and whatever other forks. I say the former. If we're going to add up all the forks, there's an asterisk on the party, and we have to explain the details. We don't want details, we want headlines. We want the moon. So if it hits $ 10,000 per BTC, we should celebrate! $ 10,000 is the moon.

There's always the stars.

submitted by /u/badr
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Bitcoin

Trolling, FUD, shilling will increase within next 2 weeks! You will hear many bad news (fake news) about bitcoin like the post from 15 minutes ago (… programmer explains), most of them are pure lies. So don’t let yourself fool you!

Title. Look at the comments (of that video and validate yourself) to understand!

submitted by /u/castorfromtheva
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Bitcoin

Bitcoin Core is developing measures to protect your money from attacks like B2X, but they will only work if you run Bitcoin Core software (reddit.com)

The whole B2X attack is based on tricking wallets into thinking it is a valid chain. B2X intentionally removed all replay protection; it changed its code so that it would mimic the signals from core nodes and its collaborators intend to pass it off as bitcoin on their services. The core developers are creating countermeasures to ensure that core nodes continue to work on the peer to peer level. If you want to transact after the fork on the bitcoin blockchain run a bitcoin core node. If you…

Bitcoin