/biz/ - Business & Finance

is bcash that desperate?

>>19058784
Craig will either shoot himself or choke on vomit before year's end. Screencap this.

>>19058784
yeah because craig revealed the fatal flaw in segwit in 2018 and bchsv went to $1200 by 2019 eoy, then he received his bitcoins in 2020 january

from the bondage courier and he dumped all his btc stack during the halving crashing btc price to double digits...

btc is so fucked.

>>19058784
This is Adam Back's lover?

>>19058784
>the anti-bitcoin shills are back again

>>19058816

>>19058837
try to spend a segwit balance with a random hash and no signature! you should be able to do it if you are not full of shit. what's stopping you?
here is a nice fat segwit address... 386eAUqL3ZNZPmHeABXLo658DTQuJeLzUR go on spend it!

>>19058864
That's a nice Lightning Network token you've got there. Be a shame if, something happened to it!

>>19058864
a miner can

>>19058925
go ahead!
>>19058937
really? then how would that transaction that other miners and nodes accept look like?

>>19059283
see the right of this image>>19058837

>>19058799
yes

>>19059348
sorry that's just a bunch of rectangles.. let's talk like grownups!

here two sample transactions, show me a third valid transaction that a miner could use to spend the coins! then you explain why you personally couldn't do it if a miner can!

386eAUqL3ZNZPmHeABXLo658DTQuJeLzUR
https://www.blockchain.com/btc/tx/eb1c3e403de681f53e14cd8a4fd33c6cc0791669101429363082a5e63f559db6
Pkscript
OP_HASH160464892ddc206704ac2123c14ff93cc49b1f3c360OP_EQUAL
Sigscript
0014e318f5a928b78d335f8aa9088d7f83525c36d9b6
Witness
304502210095277d14d2c952a5a6ca3efb07f036af03fedf869d30635c99f5d599052f5e9402207e5d599b16cb4e912771b1349de1cc2cb88d44e2f6002206e73841fe9a0e1b4501
022030ce0d01f5d4da661a0ac56b898dfe14feb7cda1047da0cb2cc60000ce049f

https://www.blockchain.com/btc/tx/f24761c0594cba64e603506fa8ae2bb3d378147acfbfc871429dac5b296b7f0c
Pkscript
OP_HASH160464892ddc206704ac2123c14ff93cc49b1f3c360OP_EQUAL
Sigscript
0014e318f5a928b78d335f8aa9088d7f83525c36d9b6
Witness
3044022008d481ede2eb0fcd91a8843247816d386def4b77660fc225001efca9ae71ef9b022078e27ab07fc9e40d6d24dd1cc1f77412b0a945eac296b6e36d8f9812b76bfe7601
022030ce0d01f5d4da661a0ac56b898dfe14feb7cda1047da0cb2cc60000ce049f

>>19059348
You're actually an idiot if you believe this graphic (this is assuming you're not trolling)

Go spend bitcoin to and from a segwit address. Or don't, idc--you can keep gambling on shitcoins for all I care

Bitcoin works and it doesn't care what Ver or CSW told you

>>19059442
BTC doesn't work though and it's losing adoption in the real world. It's the epitome of "gambling on shitcoins"

>>19059442
yeah funny thing is the most loud mouthed retards shrilling about segwit understand it the least. they have no clue about how bitcoin works.

>>19059434
I can't do it because I can't mine blocks.
the miner puts a transaction in a block that would look exactly like one of those transactions but the hash is of a signature not derived from the private key of the coins he is moving.
valid for segwit but not bitcoin

>>19059461
-billionaire hedge funds longing bitcoin
-jp morgan opens accounts for bitcoin exchanges
-3rd halving went off without a hitch
-$billions in daily trading volume
-300k+ txs a day

Looks like it works to me. Idk man, stay poor buying shitcoins I guess

>>19059462
Yeah, they remind me of nocoiners (particularly the journo class) in that they almost revel in their ignorance. IT's like a point of pride to understand bitcoin as little as possible

>>19059442
what is wrong in that graphic?
bitcoin works but segwit is not bitcoin

>>19059533
>billionaire hedge funds longing bitcoin
Once again. No real world use and just people gambling on a shitcoin. BTW, they aren't buying bitcoin, they're just buying a futures contract.

>>19059527
i'm confused, where do you put this random binary string exactly? show me the example! where is that hash of a signature you think is located? and stop with the rectangles already! nobody can spend rectangles. show me the content of the transaction! you can use placeholders like this:

P2WPKH nested in BIP16 P2SH

witness: <signature> <pubkey>
scriptSig: <0 <20-byte-key-hash>>
(0x160014{20-byte-key-hash})
scriptPubKey: HASH160 <20-byte-script-hash> EQUAL
(0xA914{20-byte-script-hash}87)

https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki

>>19059546
well two wrongs that are obvious: the "hash" that goes into the old sigscript field is not the hash of a "signature" but the sigscript without the signature, this becomes apparent if you look at the two transactions >>19059434 because they are almost identical the only difference is the signature in the first part of the witness, the end is the pubkey and script.

so without knowing the private key to that pubkey how do you propose to construct a signature for the transaction?

>>19058784
>he thinks it's about money
Don't be naive

>>19058816
t.seething glownigger

>>19059632
the witness is a hash of a signature not a signature
>so without knowing the private key to that pubkey how do you propose to construct a signature for the transaction?
hash an arbitrary signature and accept the transaction into a block

>>19059713
oh no... he is retarded

>>19059577
>example
Pkscript
OP_HASH160464892ddc206704ac2123c14ff93cc49b1f3c360OP_EQUAL
Sigscript
0014e318f5a928b78d335f8aa9088d7f83525c36d9b6
Witness
eb0fcd91a8843247816d386def4b77660fc2253044022008d481ede2001efca9ae71ef9b022078e27ab07fc9e40d6d24dd1cc1f77412b0a945eac296b6e36d8f9812b76bfe7601
022030ce0d01f5d4da661a0ac56b898dfe14feb7cda1047da0cb2cc60000ce049f

>>19059722
why

>>19058816
Their arguments are so stupid that they force people to look and turn them pro btc.

>>19059742
which hash function in bitcoin codebase results in a 71 byte hash?

>>19059724
rejected. your signature is not in the correct format to begin with but does not match your pubkey.

>>19059533
Can't wait for it to crash again and watch all you faggots commit suicide.
Bitcoin is trash and so are you for believing in it.
Fake internet money is crap.

>>19059843
>Fake internet money is crap.
well i can't say i disagree, i just disagree on bitcoin being fake it's the most real currency there is. freely "printed" digital usd or tether is literally fake internet money in my eyes. most shitcoins also.
bitcoin is pretty fucking special in a lot of ways. i am bullish on bitcoin because i understand a bit of human nature and the lies people tell to themselves. it will most likely pump to $1million before it comes anywhere near the end. the fomo is strong as fuck. and the inflation at the end of this recession gonna be crazy. i still remember 2017. bitcoin has the stock to flow of gold with the liquidity and mobility of paper assets while easily remaining non-custodial in nature. absolutely fucking bullish there are more billionaires on earth than how many people could hold 100 btc.

>>19059982
But bitcoin can't hardly even be used as money, retard. I thought you morons were saying it's now "digital gold"?

>>19060054
Your understand of money must be limited.

Money is not just cash that you spend. Money is a store of wealth, a medium of account, and a medium of exchange. Bitcoin can serve all three functions very well.

But no, you shouldn't be spending it on your coffee (not yet, at least) because it's not ready for this yet. You don't need to spend BTC in small amounts for it to be valuable, though.

I mean really, the value prop for bitcoin: digital money that is currently more difficult to seize and censor than any other currency/payment method available. You can LITERALLY STORE IT IN YOUR BRAIN BY MEMORIZING A PASSWORD (thus is is highly portable and even very private if you're not vocal about owning it)

Low IQ cryptofags will say "but muh scalability and tx throughput." Scalability and TX speed are red herrings; tx finality, chain security, etc are the important bits

>>19060054
i know that it's shit for money. it's supply curve makes it impossible to use as money all other aspects aside. but it is a currency. as the market cap grows tenfold and hundred fold volatility will decrease and it becomes a more stable store of value. a year where btc moves 5% in purchasing power will be extraordinary.
and yes i think gold is absolutely stupid and stone age compared to bitcoin. time for it to revert to base industrial metal.

>>19059982
the only hope for bitcoin is to convince people it can reliably be used for shady stuff without any way of getting traced back.
And I read some people were caught by FBI, so that's out the water.

>>19060148
No, your understanding of money is wrong. You want bitcoin to be just a store of value and not a medium of exchange.

>>19060148
there are a lot of retarded definitions around money that make no sense...

>money is a currency that is legal tender
>currency is a unit of account and a medium of exchange
>medium of exchange must be portable and durable
>unit of account must be fungible and divisible

>>19060181
People aren't going to use or hold a crypto that doesn't gain in purchasing power. You people are complete idiots

>>19060190
naah that is not grounds for world wide adoption. i'm personally not bummed that dark web stopped using it. it's a much bigger market when you go funds and derivatives and hedges for the real wealth that dwarves the m0-m2 money supply.

>>19060263
>People aren't going to use or hold a crypto that doesn't gain in purchasing power.
oh... they will not everyone as not everyone holds gold and not everyone owns real estate not everyone has a bug out bag. it's a preference.

>>19060289
My point is that btc will lose adoption and if the price stabilizes, people will just dump it and move on to something else.

>>19060321
i think it will lose adoption from the original high yield degenerate gambler crowd with is a market absolutely dwarfed by the new boomers the gen-x pension founders.

>>19060349
It's literally relegated to only being a speculative (gambling) asset. Do you even use your brain?

>>19060421
no i think we are pretty much doomed to dump our bags on the next wave of adopters again and again and again. each wave will have different narrative different motives and different expectations.

>>19061244
btw this is my second round. but i can tell you a lot has changed for me personally since i bought my first bitcoins for why i hold them and what i want to do with them. obviously the speculative asset narrative will come to an end soon if it didn't already. btc will step on a more mature and sustainable path in my opinion. we are out of the gap and the adoption S curve about to get steep as fuck. and this adoption will still not be as payment method or money substitute, nope.

>>19058816
bcashers are desperate

>>19059982
Only shady businesses and darknet markets accept bitcoin. No legitimate business will ever accept that shitcoin as payment

>>19059748
Lol people are too educated now it isn't 2017 anymore

>>19061780
You're retarded and bound to be a slave

>>19061780
it will only happen at the top of the adoption S curve, because for money to be good medium of exchange and unit of account it needs to be stable in purchasing power.

as for darknet and illegal activity that's long gone. people need to understand something there is no forcing adoption. you can't rush it with idiotic infographs and sperging out constantly.

adoption comes with need or advantage. end of story.