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/biz/ - Business & Finance


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13469128 No.13469128 [Reply] [Original]

You have probably got the news about the new "satoshi nakamoto" miner on bch. They gained a 33% of the hash in just a few days. But that's not the weirdest part. Look at the timing of their blocks. As soon as someone finds a block they pump out a new block in under a minute. See pic related. I have observed it for a few hours and it happenes too often to be random. It's like they always have a solved hash puzle on hand just waiting for the the next block to build upon. What's going on?

>> No.13469154

Mulder?

>> No.13469160

>>13469128
But the hash of the previous block is part of the new block for which you have to find a valid nonce, how could you prepare that beforehand?

>> No.13469163
File: 119 KB, 1270x798, 64b5c695-14b6-408f-8a99-4dad5bbaf43c.jpg [View same] [iqdb] [saucenao] [google]
13469163

>>13469128
>SHA256 backdoor
STIFFED

>> No.13469164

>>13469128
>Unsourced jpg
We’re being F12d

>> No.13469171

>>13469160
>But the hash of the previous block is part of the new block for which you have to find a valid nonce
I know. But Craig in his recently interview talked about how the double hashing technique in bitcoin was there from the start to allow the mining operation to be split into several seperate parts. Maybe he has found some way in which he can do the main part of the mining before he has the newest block? Something is going on though

>> No.13469173

>>13469164
It's coindance you newfag

>> No.13469186

>>13469171
it sounds like bullshit unless sha256 is broken to a great degree you need as much time to find a new empty block prepared beforehand as you would the first block

>> No.13469198

>>13469171
This is not how it works. You can't just compute part of the final hash and then add the missing information and compute the rest.
The final outcome which is a combination of transactions in the current block, hash of the last block and a nonce has to be valid, changing either part because you are waiting for some information (like the last block's hash) results in an entirely different hashsum of the current block, rendering an eventual already found valid nonce invalid.

>> No.13469202

>>13469171

brainlet

>>13469198

truth

>> No.13469217
File: 51 KB, 720x540, D0C1B602-52AA-49AC-8F3E-85C214B1A84C.jpg [View same] [iqdb] [saucenao] [google]
13469217

>>13469171

>> No.13469222

>>13469198
I know this already although not on a deep level. But listening to the last interview of Craig, he made it seem like the whole crypto space had missed a massive part of how mining works, or rather can work.It was linked to the double hashing in bitcoin. A function no one ever really knew why Satoshi added in the first place, and just brushed off as an oddety. I'm probably wrong, but it's an interesting idea to entertain

>> No.13469250

>>13469222
Double hashing in bitcoin usually refers to Satoshi (not creg) using SHA256(SHA256(message)) instead of only a single SHA256() call which he presumably did to cover a minor attack vector which probably isn't even usable for bitcoin and to generally make the cost of reverse engineering the message higher I guess.
You could however provide source to that interview if you want people to look into that.

>> No.13469278

>>13469250
>You could however provide source to that interview if you want people to look into that.
Sorry, here it is. Time Stamp 26:33

https://www.youtube.com/watch?v=8_SoIXUBIhw

>> No.13469679
File: 237 KB, 640x604, 1543210753166.png [View same] [iqdb] [saucenao] [google]
13469679

>>13469278
I'm not sure how sound your theory is, but that interview was really interesting. His take on how double hashing allows for miner specialization is something I have never heard anyone talk about before. I don't understand how this isn't blowing up in the crypto space right now

>> No.13469683

>>13469250
>mfw satoshi build a backdoor in just in case the world fucks him over
>mfw I have no face

>> No.13469686

>>13469278
Okay I have no idea what he means about separating the hashing process and all of that. If anyone wants to chip in to explain this I'd be very happy but as I understood the bitcoin mining process this doesn't sound very sensible.

>> No.13469688

>>13469679
>I don't understand how this isn't blowing up in the crypto space right now
1) you are now an early adopter with inside information 99.9% of the market isn't aware of yet
2) they aren't aware of it because they have been brainwashed to ignore anything satoshi says

>> No.13469690

>>13469250
>>13469222
>double hashing
Perhaps it's to do with SPV scaling. e.g. in order to verify the current chain, you only need the hashes of the message (which is just 256 bits). instead of the whole message (which is up to 1 MB).

>> No.13469695

>>13469278

>drunkard rants at a camera for 1.5 hours

>> No.13469700

>>13469686
it allows a large chinese hashing farm with lots of asics but poor network connectivity to specialize on just hashing. when they find a winning hash, they generate a hash puzzle that proves they have a winning hash. they sell this to another specialist, one who specializes in propagating the large blocks quickly to the small world network. the miner gets paid and moves on to the next block as the propagation company that bought the winning hash now broadcasts it as the next bitcoin block

>> No.13469706

>>13469688
>>13469700
Thanks, I'm very, very grateful for your input. Basically this would open up a whole new world of mining. Truly big if true

>> No.13469710
File: 475 KB, 1080x1020, 4E798515-3266-42CC-9097-924FB4914EA0.png [View same] [iqdb] [saucenao] [google]
13469710

>>13469695
>drunkard rants at a camera for 1.5 hours

>> No.13469718

>>13469710

>companies can find winning hashes then resell them to the highest bidder instead of just claiming the block rewards themselves
>thinking any of this makes any sense at all
>not realising this is worse than segwit

bcashsv cucks stay retarded

>> No.13469727

>>13469128
What would Craig gain from attacking BCH at this point anymore?

>> No.13469737

>>13469718
it makes perfect sense at scale. if you can solve hashes for a 10 exabyte block with 6 trillion transactions in it, but are unable to broadcast it without orphan then you sell the rights to the hash to the highest bidder. welcome to economics at scale. just stick to your raspberry pi socialism, its a safe space for you

>> No.13469738

My mind is still blown. So we can now have the following:

In a country with cheap electricity and poor network?
Solve hash puzzles

In a country with expensive electricity, but good network infrastructure?
Propagate blocks

You have happen to be good at validating transactions?
You don't need to do anything else

This opens up many contries to mining that don't have both cheap electricity and good network. Third world anyone?

>> No.13469756

what's in the blocks? they empties?

>> No.13469795

>>13469700
>>13469737
So the person with the great network connection would hash the transactions in the respective block, then forward this hash to the mining farm and they start searching for the nonce to make the block valid?
Isn't this how mining pools work?

>> No.13469796

>>13469737
>. if you can solve hashes for a 10 exabyte block with 6 trillion transactions in it,

>10 gigamegs per block

absolutely deluded.

>> No.13469801
File: 379 KB, 1270x700, blockstreamvsbsv.jpg [View same] [iqdb] [saucenao] [google]
13469801

BSV and Core are two sides of the same coin.

>> No.13469807
File: 7 KB, 480x360, FC46557D-2013-49C8-AA5C-7521CFC42B0B.jpg [View same] [iqdb] [saucenao] [google]
13469807

>>13469801
Sure thing Greg
>node subsidies
>block limits
>malleability fix
>Non Pow consensus (UASF)
>Substituting off chain for on chain (lightning network, LBtc)
>censorship and mass downvoting of dissenting opinions on r/bitcoin

Blockstream


>node subsidies
>block limits
>malleability fix
>Non Pow consensus (arbitrary, centralized block validation every 10 blocks, avalanche)
>Substituting off chain for on chain (Wormhole Cash)
>censorship and mass downvoting if dissenting opinions on r/BTC
ABC another blockstream company

>> No.13469812

>>13469171
Absolute state of biz in 2019. Slit your wrists and end your worthlesw life

>> No.13469850

>>13469795
there will also be merkle proof specialists who use fpgas or gpus or asics to optimize around validating transaction proofs. they wouldn't need to specialize in network connectivity as again they can just transmit hash proofs.

so you will see nodes (miners) be broken up into specialties:
>sha256 hashing specialist
>propagation (inner circle of small world mandala network)
>transaction validation
>computation (processing complex scripts compiled from smart contracts written in higher level languages)
>archival (store historical op_return data and serve it on the metanet for micro fee)

>> No.13469926 [DELETED] 
File: 610 KB, 633x473, CalvinAyrePedo.png [View same] [iqdb] [saucenao] [google]
13469926

>>13469160
>nonce
The only nonce here is my main man Calvin Ayre slayer of underage negro thots
what a lad

>> No.13469988

>>13469850
>written in higher level languages
About this. I've heard Craig say before they're developing a high level language (based on script?) and that they will realease a compiler. Do you know how far they are in this process? Would be nice if you good drop some goodies about the language itself too if you know anything

>> No.13470037

>>13469679
>I don't understand how this isn't blowing up in the crypto space right now

99.9% of people in crypto are retarded

>> No.13470051
File: 46 KB, 635x600, TmSdS.jpg [View same] [iqdb] [saucenao] [google]
13470051

>>13469727

>> No.13470100

lets all short bcsh guise. And buy some cheap bitcoins ;))

>> No.13470149

Where can I apply as a SV shill?
I spend a lot of time on 4chan and want some easy money. I can shill your scam like no one else.

>> No.13470174
File: 120 KB, 480x360, 1555131278220.jpg [View same] [iqdb] [saucenao] [google]
13470174

>>13470149
You must first buy bsv, then He will call you.
Craig = le God

>> No.13470237

come on guise, that's fucking smart. The double-hashing. He didn't just pull that out his ass. I'm a Creliever now.

>> No.13470396
File: 108 KB, 1100x1200, 0_IMG-20190428-WA0002.jpg [View same] [iqdb] [saucenao] [google]
13470396

>>13469690
LOL
>1 MB
Where the FUCK have you been?

>> No.13470418

>BCH is absolute shit
gee, who could've seen that coming?

>> No.13470446

>>13470237
>shills all call him a moron
>exploits Bitcoin

>> No.13470451

So, to the uneducated like me... this is bad for BCH right?

Therefore, good for the cryptosphere as a whole?

>> No.13470473 [DELETED] 

>>13470451
bsv was created to move the hate from bch to bsv, that is all. Now BCH and BTC can be united in hating some worthless new shitcoin. Who benefits from the symbiosis the most? BCH. No longer getting shit on, can now be bitcoins little brother like litecoin. All the drama is manufactured.

>> No.13470478

>>13470473
That's a fairly interesting vision

>> No.13470483

>>13470451
The simple answer is craig = le god, and bitcoin (bsv) will take back its rightful place as the one and only cryptocurrency

>> No.13470487

>>13470478
satoshi's vision...............................................

>> No.13470495

>>13469128
craig is most likely a scammer, so thats that, but in all honesty, i hope they get their 100 million dollar island from this, that would be pretty awesome.

>> No.13470496

Why satoshi named the trust "the tulip trust" ?
Is because satoshi will implode BTC?
He not only will owns 1.100.000 btc, he will own BCH and any bitcoin fork like bitcoin Diamond or gold

>> No.13470514 [DELETED] 

>>13470496
precisely
you better sell now or Craig will make you his bitch

>> No.13470528

Fucking hell /biz/ I missed the memo here

This whole Craig thing is an in-joke right? Surely no one here drank the Kool Aid?

Fuck me, we should be united against this cuck... so I'll say again, is this an in-joke I missed?

>> No.13470533

>>13470473
I like this thought. Now that you mention it, I do hate bch less now that there's bsv

>> No.13470545
File: 74 KB, 720x392, 1556517253636.jpg [View same] [iqdb] [saucenao] [google]
13470545

>>13470528
Read his medium articles and watch his videos. The in joke is corecucks getting stiffed by satoshi.

>> No.13470547 [DELETED] 

>>13470528
I can't tell
arguing with bsv shills literally exhausted me to the point in which I had to go to bed early yesterday
if this is a joke this is a very elaborate one
I'm very close to losing my grip on reality if this persists
1000 electro therapy shock sessions at the psyche ward EOY

>> No.13470554

>>13470496
>tulip
Because of the meme about bitcoin being the new tulip mania. And because Craig has strong opinions on the original Tulip mania itself. His take is it never was a mania, and that the price dump was a government scam. It is one of the main reasons he created bitcoin; to force governments to act honest.

https://medium.com/@adam_selene/tulips-and-other-myths-c7f69cf2b59d

Adam Selene = Craig Wright

>> No.13470557
File: 535 KB, 2048x2048, D1VXi4UVYAAClJd.jpg [View same] [iqdb] [saucenao] [google]
13470557

some of you really are brainlets. no one here really thinks CSW is satoshi, we're just memeing

>> No.13470567

>>13470528
>>13470557
Paid shills, they switched from LINK to BSV.

>> No.13470569

So many salty cashies and coreans in here. Get fukt greg u fat piece of worthless dog shit. I hope u get cancer and die a horrible death

>> No.13470575 [DELETED] 
File: 283 KB, 994x768, 1468777107931.jpg [View same] [iqdb] [saucenao] [google]
13470575

>>13470557
I have definitely lost hairs over analyzing every breadcrumb to decide if Craig is Satoshi or not
you piece of shit
how could I get baited this hard

>> No.13470611

ye-yeah.. I was just me-meing.. haha, I'm not that stupid

>> No.13470644

>>13470575
Rekt and kekt

>> No.13470676

>>13470496
>Why satoshi named the trust "the tulip trust" ?
>Is because satoshi will implode BTC?

oh fuck

>> No.13471218

>>13469222
>the last craig interview
stop shitposting on non shitpost threads

>> No.13471446

>>13469700

holy shit!

i've seen andrew desantis talk about this trick before but it didn't make sense.

>> No.13471516 [DELETED] 

>>13469700
>chinese hasing farm with shit internet
>somehow has just enough internet to download gigabytes worth of transactions per block
>can't broadcast the block
>pays premiums to foreign gweilo
Yeah that's definitely going to happen

>> No.13471557

>>13469128
Someone finally got a quantum computer to mine BCH.

>> No.13471642

Guys...remember that SUPER CRITICAL BUG in Btc they fixed like 3-4 months ago silently? The story went like this:
- Dude reports bug to Core
- Core investigates
- While investigating, they find a bug way worse thats somehow related to the original finding
- Like literally so bad it could allow people to create btc out of thin air and break the entire chain
- Core team decides to make a fix for both issues, and elaborates at an internal meeting to stay super-silent about the hardcore exploit
- they get the news out to the miners/node operators they need to update, sort of word it that it doesnt look suspicious but attractive to upgrade (performance fixes, clean-up, some old shit fixed..., nothing to worry about.)
- majority of network upgrades
- like a couple of weeks later when 90%+ of the network runs the new version they disclosed this killer bug in a sidenote but assured everyone that they believe no one used that exploit and that the chain is OK

Now the question: How likely is it that BCH, as direct descendent of Btc, did fix that too. Did they even know?

>> No.13471644

>>13470528
some people like him because he fights corecucks
it's standard polarisation politics.
people are retarded

>> No.13471654 [DELETED] 

>>13471642
>source: trust me bro, my dad works at blockchain

>> No.13471663
File: 188 KB, 490x432, fidget spinner.png [View same] [iqdb] [saucenao] [google]
13471663

>>13471642
You're probably thinking of the BTC bug discovered by a Bitcoin Cash developer.
Yeah... yeah it was fixed on Bitcoin Cash as well.

>> No.13471670 [DELETED] 

>>13471663
Yeah
Bitcoin Cash
not Bitcoin Cash Shitty Version

>> No.13471672
File: 139 KB, 1366x768, i'll come back.jpg [View same] [iqdb] [saucenao] [google]
13471672

>>13471654
https://coinspice.io/news/7-crazy-things-about-the-recent-bitcoin-bug/

>> No.13471682

Holy fuck, Craig really is Satoshi nokamoto

>> No.13471684

>>13471670
I'm just glad bitcoin lives on in BSV. BCH is still cool. BTC is garbage.

>> No.13471702

>>13471670
Bitcoin Trash - Shitty Version

>> No.13471732

>>13471516
They don't have to download the block because the valid nonce can be calculated using only the hash of the transactions contained in the block.
But I agree, that whole plan sounds retarded and artificial, I don't see any advantage in splitting those operations up that would make it more profitable.

>> No.13471741

I like coming to biz to talk shit to all the brainlets who are not pro SV. Y'all seriously got some nutritional deficiencies while still in the womb.

CSW is so obviously Satoshi it's not even funny anymore. Fucking brainlets. You're conspiracy theorists, probably still clinging to Russia collusion hoax too. Fucking conspiritards.

>> No.13471749 [DELETED] 

>>13471672
I thought he meant something worse than the bug that removed the 21m coins cap. I'm just tired. It's an undeniable fact that there will be plenty of very harmful bugs in the future, everywhere. That's the only way humans learn. If the bug wouldn't have been discovered we'd just truck along with it until the 21M cap and then it would keep on giving and they'd fix it then. (Or continue living with the tiny constant inflation, but that could be decided regardless of the bug, idk if I would agree)

>>13471732
I particularly dislike this idea of splitting operations, because whoever offers the best deal on solved hashes is going to be a centralized gateway into the blockchain. They can tell the chinks "hey, we don't want txs from this address, don't put it in", and the chinks would oblige because that dude is giving them the best deal. Not only the best deal but he might even give them extra for being malicious. Imagine being a miner and making more than you would propagating the block yourself. No brainer.

>> No.13471789

Yeah except it happens not only with "satoshi" miner.
The website is blockchair.com btw

>> No.13471798
File: 216 KB, 1916x434, Screenshot_2019-04-29-18-00-09-326_com.android.chrome.jpg [View same] [iqdb] [saucenao] [google]
13471798

>>13471789
pic very related

>> No.13471804 [DELETED] 

>>13471789
The vishnu on the blockchain is telling us something

>> No.13471894

>>13471732
>I don't see any advantage in splitting those operations up that would make it more profitable.

it only introduces another attack vector for a chain that is already absolute dogshit

>> No.13471921

>>13471894
Sounds good

>> No.13471946
File: 1.69 MB, 854x480, Rekt core coiner.webm [View same] [iqdb] [saucenao] [google]
13471946

>>13471894
So more decentralization is bad now? You core coiners should make up your mind already

>> No.13471953
File: 13 KB, 250x250, 1556110926403.jpg [View same] [iqdb] [saucenao] [google]
13471953

>>13471921

"Don't bloody interrupt your enemy when they're fucking up. Don't like it? STIFF." - Craig Satoj Wright, 2018

>> No.13471964

>>13471946

you should have been swallowed, panjesh.

>> No.13472002 [DELETED] 

>>13471946
>more decentralization
>instead of adding more nodes that do everything, let's give every node a specific job, so that if he's unavailable to perform it, the system comes to a halt
Craig very smart

>> No.13472115
File: 138 KB, 807x861, sigh.jpg [View same] [iqdb] [saucenao] [google]
13472115

>>13472002
>so that if he's unavailable to perform it
that would be a company, not a "he". you have the small blocker mindset.

yes if google and all other search providers goes down the search system comes to a halt, but how likely is it?

>> No.13472192 [DELETED] 

>>13472115
>let big corporations rule bitcoin
you can stop posting now

>inb4 it's already the case
sure, but there's no need to embed this as a requirement of participating in the network.

>search engines
housewives having access to cookie recipes isn't fueling the economy

>> No.13472436

>>13469128
Calvin enjoyed the assfucking last time and he's come back begging for more

>> No.13472536
File: 2.00 MB, 240x180, retarded.gif [View same] [iqdb] [saucenao] [google]
13472536

>>13472192
>thinking bitcoin can become the world economy without big corporations

>> No.13472575 [DELETED] 

>>13472536
Fair point, so we're all in on Bitcoin Core the coin already adopted by our jewish corporate overlords?
Good, I'm glad this debate is settled.

>> No.13472617

>>13472192
So like EOS or Tron delegates but companies instead. Cool

>> No.13472939
File: 436 KB, 1065x1034, SmartSelect_20190406-091811_Brave.jpg [View same] [iqdb] [saucenao] [google]
13472939

>>13469801
You got em

>> No.13473447

>>13471218
Please just shut the fuck up.

>> No.13473521
File: 9 KB, 251x201, 1518508462875.jpg [View same] [iqdb] [saucenao] [google]
13473521

>>13470554

>> No.13473530
File: 43 KB, 496x818, 1515611873154.jpg [View same] [iqdb] [saucenao] [google]
13473530

>>13469700

>> No.13473544

>>13471682
Duh, obviously. Slow guy on the class here. Smart people realized it around 2015.

>> No.13473551

>>13469718
>segwit
>fundamentally altering the way transactions are done

vs

>miner specialization which changes nothing, but allows for further division of labor

L2Capitalism

>> No.13473556
File: 15 KB, 250x329, fiatpepe.jpg [View same] [iqdb] [saucenao] [google]
13473556

>>13469128
What this likely means is that, whoever this "Satoshi" miner is, he has way more hashpower than just 50% of the whole BCH network.

>> No.13473616
File: 881 KB, 352x200, wtf.gif [View same] [iqdb] [saucenao] [google]
13473616

>>13472575

>> No.13473639

https://hacked.com/satoshi-nakamoto-is-mining-cryptocurrency-again-bitcoin-cash-attack-imminent/

>> No.13473654

>>13473556
Yeah, you might be right. Hit and run mining?

>> No.13473739

wonder why 4hm4tOzh deleted all his 13 posts, luckily there are archive sites that preserve his words after he has deleted them

>> No.13474251

>>13473739
probably a butthurt janny going apeshit instead of the original poster

>> No.13474295

>>13473739
Apparently I got banned for "ban evasion", guess I was banned for something at some point, my ISP changed my IP, and I posted pics with same filenames.

That's enough posting from me, banned for a month so I'll see you in a month.

>> No.13474368
File: 192 KB, 960x720, incorrect36.jpg [View same] [iqdb] [saucenao] [google]
13474368

>>13474295
well that sucks. you were probably banned for some retarded reason too, 4chan's global rule 3 is a joke. or if it was rule 2, the one that basically gives mods a free pass to ban for whatever the fuck they want to.

can't check 4chan's front page, getting:
Web server is returning an unknown error

>> No.13474375
File: 41 KB, 621x414, bcashsv shills.jpg [View same] [iqdb] [saucenao] [google]
13474375

>>13473551
this retarded idea fundamentally alters the way transactions are done. dumb cunt.

>> No.13474389

>>13473551
funny thing is segwit doesn't fundamentally alter the way transactions are done. all issues with it stem from a technicality that it was done as a soft fork.

>> No.13474447

>>13469801
based and redpilled

fuck blockstream
fuck craig wright

>> No.13474453

>>13474447
fuck you

>> No.13474469

>>13470528
it's funny tho rite

in all seriousness short bsv

>> No.13474486

>>13470528
>we should
>>13474469
Do it, faggot. We'll be next week to laugh at you.

>> No.13474492

>>13469128

It's OPERATION DRAGONSLAYER. This time for real folks. Just wait and see.

>> No.13474495

>>13474486
>>/biz/thread/S13348739

>> No.13474545

>>13474495
based and diaper pilled

>> No.13474576

>>13474492
>OPERATION DRAGONSLAYER
>sv symbol is a dragon
that was not very subtle