Category Archives: Bitcoin
Recent Bitcoin Direction
In recent days a number of developments have taken place in The Most Serene Republic of Bitcoin relevant to the future direction of Bitcoin, the experiment: Continue reading
Lightning Network Code Finally Public
Code for the Lightning network daemon has been made public for the first time on Github (archived). The daemon at present is limited to operation on its own special testnet-L where transaction ids are normalized to prevent malleability. The daemon's README warns against deploying the daemon on the live Bitcoin network or any altcoins in its present state. Blockstream's publication of this code comes as fiat concerns grow more desperate to project their own failings on to Bitcoin through their latest "ClassicCoin" forking effort.
Fiat Market Slide, fiat/Bitcoin Interfaces Follow In Friday Trading
NYTimes: Mike Hearn "Gave Up"
Mining Difficulty Already Up 9.12% This Year
While pundits seek alpha amid omega, fiat flows on towards its only good use: subsidizing Bitcoin mining. The new difficulty of 113,354,299,801.4711`3037 (a 9.12% increase over the 2015 close) pushes hashpower estimates over 850 PH/s, placing what nobody could've predicted merely 17.6% away (readily attainable in a single leap, should miners quit dicking about and resume their one fucking job).
Gavin and Toomim Present: "Classic" – Another Hard Fork Risk
Earliest Possible Date For XTCoin Fork Passes
Today was the first possible date for XTCoin to fork away from the Bitcoin blockchain. It lacked the backing to do so in spite substantial social engineering attempts at great cost to various USG organs.
Zero-Conf Shenanigans Lead To Peter Todd Reddit Ban
For demonstrating the absolute insecurity offered by unconfirmed Bitcoin transactions, Peter Todd was suspended from Reddit. Peter Todd, without using any script hash shenanigans mundanely sent a transaction with a low fee which was followed by a transaction with a higher fee using the same inputs. Miners opted to mine the transaction with higher fees as they often tend to. While many try to use unconfirmed Bitcoin transactions as a part of various pseudo business practices, actual uses demanding Bitcoin also demand the commitment of complete transactions to the blockchain.
Reference Client Patch Bans Bloom Filter Parasites
Today asciilifeform of No Such lAbs offered for review a patch to the reference Bitcoin Client that spares full node operators the burden of having to handle connections from parasitic SPV clients making Bloom filter requests. This complements other recent work on the reference Bitcoin client to promote communion among Bitcoin full nodes absent distractions presented by various things that are not other full nodes. When a node running this patch receives a bloom filter request the debug.log entry looks like: Continue reading