/biz/ - Business & Finance

>>16289602
how? i mean bsv is bullshit but i would be interested in the specifics. how would you reverse a bitcoin transaction? and on who's authority?

>>16289677
Dont expect any logical answer from someone who doesnt understand bitcoin

>>16289602
The real bitcoin my fucking ass. Definition of an actual shitcoin right there

defeating the whole purpose of bitcoin was created in the first place. why make the change from hierarchial centralized legacy systems anyways?

>>16289690
the way i see it there is two ways to go about it:
1) complete centralization of nodes that even keep a copy of the blockchain would allow to strike a transaction via simultaneous pruning. this however requires a byzantine tolerant consensus outside the nakamoto consensus good luck with that!
2) some authority would sign a reverse transaction that a hard fork will validate to true.
both destroying any notion of the chain being permissionless. none of it looks remotely like bitcoin to me tho.

>>16289602
kek, remember when craig said he wanted to include KYC into BSV

>>16289677
It's not clear yet, just going on Craig's desperate conman ramblings about getting money back from kidnappers:
https://twitter.com/Pardigm_Egress/status/1195958922101678080?s=20

Pure speculation: going to allow some kind of software backdoor especially for goverments which then rolls out the change in the blockchain to all mining nodes.
Only Craig knows for sure

>>16289602
Satoshi doesn't give a fuck what you think.

>>16289737
also the miner fee portion of the tx which was likely already pent a 100 times is also a problem. and in general reverting a single transaction if there are subsequent transactions would fuck up the entire chain and quiet possible some of the follow up transactions were actually lawful as in unaware of any previous misdemeanor.

it's the same problem if you get your wallet stolen and the thief spent it on liquor and drank it all can you take your money back from the liquor shop? hell no.

>>16289737
>roastie in some government board shops online on the office computer and leaks private key for the central entity that can reverse transaction
>renders whole blockchain useless leading to total loss and total failure

I mean, BSV is as centralized as it gets already but this would destroy even the last illusion of decentralization.
What a fucking shitcoin.

>>16289791
it's a clusterfuck of an idea i will give you that.

>>16289783
the thief pays it back in either reprimand or financial refund to the person who lost idiot
have you not seen these petty family squabbles on judge judy or whatever
it will work exactly the same, if he can pay he will or he suffers some form of punishment befitting the crime

>>16290005
>the thief pays it back
that's not reverting transactions

>>16290060
ok i will let you continue your brainlet circlejerk

>>16289766
What's stopping it from getting hacked?

>>16290106
yeah it's best to keep threads on topic...

>>16289806
miners can by forced by court to block any coins on all chains.

>>16290145
which court?

>>16290168
for example, a Chinese court may order a Chinese miner to execute a court order
Russia court, russia miners etc
Miners can block any wallet and will not accepte transaction from him.

>>16290220
>>16290145

>>16290220
so no court has jurisdiction over all miners, correct? and you still think a court order will be able to reverse transactions? especially say a us court which is most likely to issue such a thing? you think kazakhstan would give a fuck about chink orders?
also even if the miners wanted to comply i just explained why it is completely unfeasible. by the time a tx may get a court order it can be 100 or 1000 times spent and all the fees spent again.

>>16290262
Also miners can't block tx mining pools can and mining pools can change jurisdictions whenever they want without moving any hardware.

Hell mining pools don't even need jurisdictions when you think about it, since they earn crypto and have little costs they could be behind tor or vpns for all we know.

>>16290281
>Hell mining pools don't even need jurisdictions when you think about it
possibly they could operate out of some lawless african shithole even.

>>16289602
Sauce or larp

>>16289602

KYC for miners coming too in the future

https://craigwright.net/blog/law-regulation/transparency-and-government/

>>16290431
if you want to kiss government ass so deeply just fucking stay in fiat!

>>16289602
satoshisvision.com

>>16290431
This is pathetic.

>>16290466
Fucking boomers are a cancer i can't believe they want to turn their fork into paypal.

>>16289602
Imagine not linking the real one.

>>16291225
Cheers, I was looking for it.
Needs to be updated now though, red x on reversible transactions.
And SV 0-conf is not as secure as BCH now that avalanche pre-consensus is being activated.

>>16289602
proof? you steaming faggot.

>>16291119
blockchain was literally always going to become about the immutable ledger and not about the privacy/anonymity

if you thought global capital would just let you sneak one by you have no understanding of just how fucked you are

PLZ POST SMILING CRAIGS

>>16289602
LARP. I read the sauce, Satoshi (CSW) dis not said that.

>>16290325
Can't believe it took this long for someone to ask. Every single poster before this one is an absolute fucking moron who should be gassed immediately.

>>16291331
Who ever said anything about privacy or anonymity you fucking boomers don't get what the fuck blockchains are about.

>if you thought global capital would just let you sneak one by you have no understanding of just how fucked you are

Sneak about?Are you retarded?Most people using blockchain would love to get to that "global capital" , they are simply not allowed due to governments.

I know of people in all over latin america and south africa using btc as a bank because "global capital" don't allow them due to kyc issues , hell you can't move more than 10k on a plane and sepa and swift only work in like 60 countries.
Most people are banned from using global capital everything , from wires , investment or even banking.

Blockchain was born as a result of this and a fast look at localbitcoin statistics will show it's not in the first world were it's being used.

And yes the anonymity is not the problem , but without it governments would not allow them and we would be again unable to do wires for those of us disconnected from the international market.

>>16291320

>>16293172
Based satoshi

>>16289602
>BSV => not immutable
got it

>>16293172
this is not about reversing transactions you dipshit

>>16293417
No it worse literally seizing assets not even needed to revert shit since they can be directly taken at will of the tough police.

>faketoshi

>>16293460
that is literally happening with BTC right now you faggot. I swear all you low IQ fudders are so goddamn stupid its not even funny, at least come up with something juicy.

>>16293417
>miners will be under contempt and sequestered if they don't comply
Nigger, please

>>16293509
this
>>16290262
>>16290281
and these two are going to hide their industrial mining farms that consume the power equivalent of a small town behind a vpn
brilliant

>>16293521
its about seizing assets not reversing transactions you moron and that is literally happening on BTC right now why are all you corecucks so goddamn retarded

>>16293527
seizing assets through miners is literally reversing transactions, you brainlet

>>16293525
it's not that m8 it's about the entity that churns hash and the entity that runs the network node don't even need to be in the same country. one is easily relocated the other one is harder but also literally can be off the grid using vpn.

>>16293527
so far btc assets are seized with taking custody of the private keys (which is the normal way any thief would steal your btc).
nobody seized any btc without having the private key.

>>16289602
you're not even gonna post a photoshopped screenshot with your claim?

>>16289602
Satoshi my ass.

>>16289602
Glad i sold this shitcoin, the design choices of BSV are beyond retarded

>>16293527
I will take "things that never happened" for 100k.

>>16293678
they are and it's always like there is a kernel of truth in their arguments but they arrive to a completely false conclusion and shrill that idiocy with the force of a fucking tornado.
examples include but not limited to:
>moores law
>tx fees replacing reward
>pruning
>spv usecase
>native identity
>0-conf timing

it's like they want to go full retard every time they an.

>>16293172
Every day this idiot piles a new wagon of bullshit on his gullible followers. Even if Craig was really Satoshi (which he is not), he’s such a faggot of gigantic proportions i wouldn’t want to have any business where this degenerate aussie is involved.

>>16293702
if he was satoshi he would be on github a 100 times more than twitter
releasing a 100 lines of code for every line of social media post

>>16293698
Its probably because only losers and weak idiots are left in this ‘community’. I have seen all smart people either stay the fuck away from BSV from the start or the one’s that Craig tricked into it leave shortly after they discovered how full of shit he actually is. As Craig himself is at best a C grade student who cannot “code & math” that stays afloat by churning out a never ending stream of foggy bullshit you cannot expect any competence in design choices.

Btw -For everyone interested to know: You should realize that BSV is the most INFLATED coin on the market. CMC shows like 400mm USD volume every day but the real figures are around 0.8 to max 4mm USD a day. Don’t trust the figures that are reported for this shitcoin.

>>16293607
the node is irrelevant, government could turn up at the warehouse and plug their own in
good luck moving a warehouse full of racks of asics in any short timeframe when you have to consider so many factors
>off the grid
yeah no
>high speed internet
>cooling solutions
>reliable power supply diesel/generator or power grid and again the government will just find you as soon as you turn on again
constant diesel delivery and fuel storage/pumping if you go with a generator
and i suppose you and your team will love living off grid just to mine buttcoins illegally

>>16293799
>government could turn up at the warehouse and plug their own in
they could in a lawless shithole but it's unrealistic to do this worldwide. so fuck off!
>yeah no
as in you have no idea which miner is in which pool if they use vpn.

>>16293509
seizing phyisically is diferent of editing the blockchain to do it as faketoshi wants.

>>16293525
You fucking retard it's not the same , you don't even know what a mining pool is , they have no equipment moron.

>>16293805
i said they track you through the power drain, they only need to visit a few china farms for control of everything

>>16293822
who cares about pools, you don't need a pool to mine

>>16293742
Even worse

https://bitinfocharts.com/comparison/transactionvalue-btc-eth-ltc-bch-bsv-xmr-doge.html

Check which coin has the lowest movement of capital.
BSV moves way way less than fucking dogecoin , to be fair they have been delisted of so many exchanges that the few exchanges that remain are probably on the scam too.

It's pretty smart they can scam by proxy they shill retards to buy this crap , the exchanges are in it so they overprice it since it's in so few exchanges and everyone get's a good source of retard scammed morons.

And as a plus miners can use old equipment to mine in a coin with such a low hashrate that old asics are fine.

https://bitinfocharts.com/comparison/hashrate-btc-bsv.html

Have to admit even if it's pure evil it's smart as fuck , but it's disgusting how much damage this retard may cause by allowing stuff like cp to be uploaded there.

>>16293834
Yes you do , without pools you won't find a block in 100 years.
This is also why segwit was implemented , asicboost was allowing a few mining pools to centralize non stop since they had advantage in the next block after they found one.

We are not returning to the pre mining pool era , not even in monero with randomX.

>>16293601
it is literally not you absolute brainlet. a chargeback on my credit card is reversing transactions, if I just take your shit thats seizing assets. absolute morons ITT
>>16293614
at least someone who has a working brain but youre still wrong as in the same can be done on BTC, miners still have to be compliant with the law and that doesnt change just because theyre mining BSV or BTC
>>16293688
>things that never happened
>literally posted proof 2 posts earlier
>>16293509
the absolute state of low IQ corecucks. get a brain you morans

>>16293874
What a dumb specimen. In order to seize assets through miners they have to update the UTXO set, didn't you read Craig Wright?

>>16293824
not true they would need to capture 85% of the hash to make sure there is no chain split and the asset they seized does not become worthless overnight.
>>16293834
that's a retarded notion.

>>16293918
>that's a retarded notion.

Well you need to be a retard to think bsv is reasonable.