/biz/ - Business & Finance

TIL btc transaction settlement time is proportional to transaction value, not just 1 or 2 blocks.

>>13557835
No fucking way.... Someone tell me this is bullshit.

>>13557835
>>13557964
He's trying to get a rollback, yeah.
That BTC has been tumbled to Monero and pocketed already, check monero's volume for today.

>>13557835
>>13557964
Holy kek even EOS didn't roll back the $10 million exchange hack a month or two back. BTC confirmed for centralized

For those of you that think you can roll back a transaction on btc after it's mined, you don't understand btc. Do yourself a favor and go understand why its not feasible.

>>13558020
It's not a real rollback, just some miners friends of CZ getting back the stolen BTC as fees.

>>13558015
At least they had a system in place that was mostly transparent to do this shit before they decided to scrap it entirely. In the case of BTC its a complete fucking 360, with no proper system in place to make sure this shit cannot be exploited. Then on top of that BTC has zero of the advantages that EOS brings to the table in the first place anyway.

Looks like the IRS is going to have the ability to roll back your transactions and freeze your BTC wallets now with no benefits of a POS system and all the drawbacks of a shit unable to scale POW solution.

I feel like fucking eating a bullet right now.

>>13558068
>complete fucking 360
I stopped reading right here

any source? if there is anything like a rollback btc is done

Too bad eos is trash

>>13558166
I 360'd and walk away

>>13558166
180 fuck you haha

>>13557964
It´s bullshit he say he considered it but is larping with all the chinks pools they reach about 50% but the pools use hashing from miners all around the world that would resist that crap and move to another pool if they test that.

Only reason he said that retarded comment is because they did the math and realized it was better to get the 7k coins back and then pay all the transactions that happened in the last 24 horus as it would even end up them saving money.

But he will not do that , he can´t and even if he could it would destroy the network.

Also we have reached peak centralization due to moore laws , after the next asics enter the market it´s over , there will not be much better asics as it´s phyisically imposible.

Cryptos are going to become much more descentralized very soon.

>>13557835
Don't call Chinese people "chinks". The unprecedented level of racist rhetoric spewed on this website is at an all time high. It must be stopped this instant!

>>13558166
Caught the 4chan noobfag

So wait, doesn't this mean hackers are just going to start hacking exchanges for rollback privs and cleaning up the trails after stealing BTC now that they know this exists?

>>13559206
shut up yellow muzzle gook

>>13559206
stop taking everything so seriously, otherwise you might start taking yourself seriously and then you’re really in for a world of hurt, unironically, unless you do it as some sort of ironic statement, such as right now, which is based and redpilled fren.

>>13558166
Chill, mistakes like that are a diamond dozen.

>>13559196
ok yeah, the worst they can do at this point is attempt a hard fork or something... That would be fucking stupid though.

>>13558166
>>>>>>r/newfags please leave

>>13559206
Well you probably fucking hate white cis males for "being such racists" so you are no better than the worst people here you fucking sexist racist cunt.

>>13559206
chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks chinks shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins shitskins nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger nigger

>>13557835
Anybody who honestly believes Binance has the rescources or pull to rollback the Bitcoin blockchain should just exit this market entirely. You are far too gullible and prone to the manipulations of figureheads, you will lose money.

>>13558166

>>13558027
that doesn't make sense, explain

>>13557979
The truth is a core developer suggested him to do so on Twitter. Not sure why people are ignoring this.

>>13559313
He is a retard, it is a rollback.

>>13559317
Why lie, you fag?

"After speaking with various parties, including @JeremyRubin, @_prestwich, @bcmakes, @hasufl, @JihanWu and others, we decided NOT to pursue the re-org approach." - CZ